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Budget
| ASG Budget 2009-2010 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Category: | Projected fiscal year 2010 | Actual as of fiscal years 2009 | |||||||
| Advertising/marketing | 4,300.00 | 4,383.68 | |||||||
| Banquet | 2,000.00 | 999.35 | |||||||
| Composites | 2,000.00 | 4,107.00 | |||||||
| Food and Drinks | 2,700.00 | 2,698.40 | |||||||
| Miscellaneous | 3,254.48 | 2,847.09 | |||||||
| Postage | 75.00 | 53.91 | |||||||
| Rental Car | 360.00 | 353.00 | |||||||
| Reservations | 205.00 | 1,099.00 | |||||||
| Sponsorship | 1,000.00 | 1,000.00 | |||||||
| Student Advisory Board | 500.00 | 412.47 | |||||||
| Supplies | 3,300.00 | 3,238.71 | |||||||
| Travel | 2,700.00 | 2,614.31 | |||||||
| Utilities | 1,425.40 | 1,110.40 | |||||||
| One Time Funding | (10,000.00) | (10,000.00) | |||||||
| Wages* | 27,001 | 23,442.55 | |||||||
| 40,820.88 | 38,359.87 | ||||||||
| University Allocation of Funds | |||||||||
| Mandatory Alocation | 39,787.00 | 38,359.87 | |||||||
| One Time Funding | 10,000.00 | 10,000.00 | |||||||
| 49,787.00 | 48,359.87 | ||||||||
| Total projected fund use | 50,820.88 | 48,359.87 | |||||||
| Over/Under Budget | (1,033.88) | - | |||||||
| * Wage breakdown shown below |
| Wages for Fiscal Year 2010 | |||||
|---|---|---|---|---|---|
| Time period | Hours weekly | # of weeks | Rate | Wages Annually | |
| President | 8/19/09 - 5/31/10 | 25 | 39 | $10.70 | $10,432.50 |
| President | 6/1/10 - 9/18/10 | 15 | 13 | $10.70 | $2,086.50 |
| $12,519.00 | |||||
| Vice President | 8/19/09 - 5/31/10 | 20 | 39 | $9.70 | $7,566.00 |
| Vice President | 6/1/10 - 9/18/10 | 10 | 13 | $9.70 | $1,261.00 |
| $8,827.00 | |||||
| Chief of Staff | 8/19/09 - 5/31/10 | 15 | 39 | $7.25 | $4,241.25 |
| Chief of Staff | 6/1/10 - 9/18/10 | 15 | 13 | $7.25 | $1,413.75 |
| $5,655.00 | |||||
| Total weekly: Regular | 60 hours | 117 weeks | |||
| Total weekly: Summer | 40 hours | 39 weeks | |||
| Total wages paid annually | $27,001 |
Compliance Assistance - Fair Labor Standards Act (FLSA)
Overview
The FLSA establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek.
Because of this increase in minimum wage:
- ASG's 15 hour per week employee wage has increased from $6.50 to $7.25.
- Also, compensation for wage increases has been applied to the Vice President and the President.
- Brings the total increase to a FY 2010 budgeted $27,001 from FY 2009 budgeted $24,960 and FY 2009 actual $23,442. Wages applied to same number of hours for budgeted FY 2010 and FY 2009.