STRATEGIC PLAN BUDGET ASSESSMENT
Notes to Services Budget Assessment The Services Budget Assessment is an estimate of the professional hours to create and implement the 1996-99 Strategic Action Plan. Compilation of the value of "in-kind" services is determined by multiplying the estimated number of hours that each action plan will require per person times the number of people involved times an hourly rate. Total Action Teams" include individual Team members in the column entitles "Action Teams" plus any additional involvement from EDAC or outside resources in the next column "Team Manhours" is the product of individual hours times the "Total People" involved. (1) The Subtotal is computed at an average hourly rate of $65, which is the blended rate for professional and support staffs plus overhead allocations. (2) Total SAMCEDA services are computed by multiplying the number of hours in the first column times the number of staff involved. For clarity, SAMCEDA staff allocations are separated into Economic Development and General Staff categories, each of which is computed at an hourly rate of $55. Total SAMCEDA services are separated below the final total into Economic Development and General Staff, with general and administrative costs proportionately distributed. (3) The Standards & Evaluation Action Team is shown separately. Its membership of professionals is valued at an hourly rate of $100. (4) SAMCEDA incurs general costs not directly related to either Economic Development or General staff, including general and administrative costs for meeting space, supplies, postage, etc. This value is estimated at $22 per hour. |
