Problem $3-$

A hospital's budgeted volume for calendar year $2024$ is $200,000$ procedures, and

each FTE can do $9,200$ procedures a year. A pay raise will be given to all staff on

May $1$ st of each year at a rate of $5$ percent. The annual hours for FTE is based on

$40$ hours per week for $52$ weeks. The July $1,2023$ rate of pay for new hires is set at

$$\frac{38\mathrm{.}00}{?}$ hour regardless of hire date. The following are the current staff with FTE

values and hourly rates of pay as of October $1,2022$:

The following information may or may not be needed to solve this problem. In

examining the payroll and personnel records of your department, you have

determined that productive time is $84$ percent of total paid time.

a$.$ Calculate the FTEs needed to perform the planned procedures for the calendar

year, and determine how many new staff $($FTEs$)$ need to be hired, new staff can

only be hired in full FTE increments $($e$.$g$.,$ if you need $12\mathrm{.}3$ FTEs, $13$ FTEs must be

hired$).$

b$.$ Calculate the salary budget for fiscal year $2024$ which runs from July $1,2023$ to

June $30,2024).$ The new FTEs will be hired at the start of the fiscal year. Hint:

Make sure to account for salary adjustments based on the dates they went into

effect.