3
ie) SIO SOLES
City of Nashua, School Department
Food Service Costing Analysis
in effect through August 31, 2024
412812022
General Fund
Bass Various % Increases
Description FY21 FY¥22 FY23 FY24
Number of Employses in Analysis 90.0 90.0 900 900
Base Salary Increases 3.4% 3.0% 3.0%
Base Pay Calculations
Base Pay Calculations $ 1,240,773 $ 1,240,773 § 1.286.833 § 1,329,703
Base Increase 42,186 38,489 39,760
Step Increase 3,874 4,381 5,634
Total Base Pay $ 1,240,773 1,286,833 1,329,703 1,375,006
$ Change over Prior Year $ 46,060 $ 42.869 $ 45,393
Real Annual % Increase over Prior Year 3.71% 3.33% 341%
Other Salary Costs
Additional Hours $ 4,000 5 4,000 § 4,000 $ 4,000
Longavity 12,850 12,850 13,500 13,500
Educational Benefits 3,000 3.000 3,000 3,000
Stay on bonus : 60,000 64,000 -
Severance 5,000 §,000 &.000 5,000
Total Other Salary Coats $ 24.850 $ 64,850 $ 89,500 $ 25,500
$ Change over Prior Year $ 60,000 $ 4,850 $ {64,000}
Real Annual Increase over Prior Year 241.4% 6.5% 71.5%
Total Base Pay and Other Salary Coats $ 1,265,623 $ 1,371,683 $ 1,419,203 $ 1,490,506
$ Change over Prior Yoar $ 106,060 $ 47,519 $ {18,607}
% Change over Prior Year 6.4% 3.5% =1.3%
Retirement Costs
Pension (NHRS FY22/23 14.06%} $ 43,644 $ 57,133 $ 58.847 § 60,612
FICA and Medicare @ 7.65% 96,591 104,704 108,339 106,916
Total Retirement Costs $ 140,234 $ 161,837 $ 167,187 $ 167,529
$ Changs over Prior Year $ 21,603 $ 5,349 $ 342
% Change over Prior Year 15.4% 3.39% 0.2%
Insurance Benefit Costs:
Medical ineurance Benefits {Assumes 6% increase on year 3 + New HMO) $ 304,087 $ 405,207 $ 435,188 $ 387,355
Lesa Employee Contributions to Medical (98,522) (81,040) (87,037) (77,470)
Subtotal Medical coats to city $ 205,565 $ 324,187 $ 348,152 $ 309,885
Dental insurance costs (Assumes 1% increase In year 3} 10,102 10,102 10,102 10,203
Life insurances costs 1,430 1.430 1,430 1,430
Total Insurance Benefits $ 307,007 $ 335,699 359,684 § 321,516
$ Change over Prior Year $ 28,602 23.088 $ (38,166)
% Change over Prior Year 0.3% 7.1% -10.6%
Total Costs $ 1,712,055 $ 1,669,220 $ 1,946,073 $ 1,889,643
$ Change over Prior YeariAverage $ 186,265 $ 76,854 $ (56,430}
% Change over Prior Year/Average 0.1% 41% 2.9%
Average Annual Total Compensation Package $ 19,033 $ 20,769 § 21,623 $ 20,098
Average Annual increase per Employee $ 1,736 $ 854 $ (627)
Average Percentage increase per Employee 9.1% 4.1% -2.9%
Notes:
Pensionable wages cooks only
Medical plan changes effective July 12023
$800 stay on bonus FY22 and FY23 only
