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U.S. DEPARTMENT OF JUSTICE. �0� OFFICE OF COMMUNITY ORIENTED POLICWG SERVICES <br />145 N Sireet, NE, Washington, D.C. 20530 <br />Financial Clearance Memorandum <br />COPS Office COPS Hiring Program Program <br />(CUP) <br />To: Chief of Police David Valentin and City Manager Kristine Ridge <br />Re: Financial Clearance Memorandum <br />A financial analysis of budgeted costs has been completed. Costs under this award appear reasonable, <br />allowable, and consistent with existing guidelines. Exceptions / Adjustments are noted below. <br />Total officer positions awarded: 10 <br />Approved costs per entry-level officer, per year <br />Year 1 <br />Year 2 <br />Year 3 <br />Base salary <br />$82,860.00 <br />$96,860.00 <br />$97,670.00 <br />Benefits <br />$30,102.47 <br />$43,144.47 <br />$43,347.22 <br />Social Security <br />$0.00 <br />$0.00 <br />$0.00 <br />Medicare <br />$1,201.47 <br />$1,404.47 <br />$1,416.22 <br />Health insurance <br />$18,900.00 <br />$18,900.00 <br />$18,900.00 <br />Life insurance <br />$0.00 <br />$0.00 <br />$0.00 <br />Vacation <br />$0.00 <br />$0.00 <br />$0.00 <br />Sick leave <br />$0.00 <br />$0.00 <br />$0.00 <br />Retirement <br />$10,001.00 <br />$22,840.00 <br />$23,031.00 <br />Worker's compensation <br />$0.00 <br />$0.00 <br />$0.00 <br />Unemployment insurance <br />$0.00 <br />$0.00 <br />$0.00 <br />Approved total project costs <br />Per officer Grand total <br />ADVANCING PUBLIC SAFETY THROUGH COMMUNITY POLICING <br />dr <br />20 -23 <br />