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Taxes and Insurance <br /> • <br /> Real Estate Taxes: <br /> Payroll Taxes: <br /> This amount is based on a rate of$14.45%for the first$7,000 for each employee, and a rate of 7.65%thereafter. <br /> Worker's Compensation Insurance: <br /> The current rate for Workers Compensation for Kottinger is$10.05 per$100 of payroll, however we have budgeted for <br /> a 15% increase in the Workers Compensation Rate bringing the budgeted rate to$11.56 per$100 of payroll. With <br /> more payroll budgeted, and the increase in Workers Compensation rate, a significant raise from the prior fiscal year is <br /> Health Insurance/Benefits: <br /> This amount is based on the employer portion of insurance for employees,who work more than 30 hours per week. <br /> Current rates for this are$545 per employee per month. <br /> Other Insurance(specify): <br /> Financial Expenses <br /> Elderly&Congregate Services Expenses <br /> Food and Beverage: <br /> This Line Item consists of food and beverage costss for resident meetings and events such as bingo. <br /> Food-Special Events <br /> This Line Item consists of food and beverage costs for Holiday parties such as Thanksgiving, Chinese New Year, <br /> Valentine's Day,etc... <br /> Service Coordinator: <br /> The expenses for a service coordinator. The service coordinator works approximately 22 hours per month.Also <br /> included is a small fee for Corporate Service Coordinator Supervisor. <br /> Other Expenses <br />