1

Projected State Aid Cuts

2

MCC Projected Budget Deficits

3

Early Retirement Costs

Early Retirement Costs 2002 2010 Percent Change

Incentive Payment $353,259 $747,548 112%

Retiree Insurance Benefit $476,124 $1,147,656 141%

Net Early Retiree Premium Pay $825,925 $1,287,879 56%

Total $1,655,308 $3,183,083 92%

4

Projected Retirement Liability

6

Current Employer Costs 2002 2010 Percent Change

Medical $3,272,234 $6,538,615 100%

PSRS/PEERS $3,816,605 $6,404,279 68%

Other* $4,623,775 $5,393,419 17%

Total $11,712,614 $18,336,313 57%

Fringe Benefit Increases

2002 Operating ExpenseEmployee Compensation Package = 74.5% of Operating Budget

2010 Operating ExpenseEmployee Compensation Package = 78.6% of Operating Budget