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Calculation
on Assignment/Encumbered Amount
ASSIGNMENT/ENCUMBER
AMOUNT – The
following are examples on how to calculate the assignment/encumbered amounts:
ASSIGNMENT
AMOUNT (except for overloads/adjuncts)
Staff Nonexempt starting on 4/8/02:
| Annualized salary |
$20,000.00 |
| Divided by 12
months |
/
12 |
| Equals Monthly
Salary |
$
1,666.67 |
| Divided
by # of hours per month |
/ 176.00 (April 2002) |
| Equals
Hourly Rate for April |
$
9.46 |
| Multiply by # of
hours worked in month |
x 136.00 (April 8-30, 2002) |
| Total
Salary for April 2002: |
$ 1,286.56 |
| Plus
full salary for remainder # of mos. |
+
6,666.68
(May & Aug 2002 @ $1,666.67/ea. mo.) |
| Total
Assignment Amount |
$
7,953.24 |
| |
|
| Staff Exempt
starting on 4/8/02: |
|
| Annualized
salary |
$20,000.00 |
| Divided by 12
months |
/
12 |
| Equals Monthly
Salary |
$ 1,666.67 |
| Divided
by # of days per month |
/
22 (April 2002) |
| Equals Daily Rate
for April |
$ 75.76 |
| Multiply by # of
days worked in month |
x
17 (April 8-30, 2002) |
| Total
Salary for April 2002: |
$ 1,287.92 |
| Plus
full salary for reminder # of mos. |
+
6,666.68
(May & Aug 2002 @ $1,666.67 ea. mo.) |
| Total
Assignment Amount |
$
7,954.60 |
| |
|
| ENCUMBERED
AMOUNT: |
|
| Temporary
Employees: |
|
| #
of hours per week |
25 |
| Multiply
by # of weeks in assignment |
x
10 (from June 1 through Aug. 9, 2002) |
| Multiply
by Hourly Rate |
x 5.73 |
| Equals
Total Encumbered Amount |
$1,432.50 |
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