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1969 ATLANTA URBAN CORPS FALL PROGRAM Anticipated Financial Needs: The 1969 Atlanta Urban Corps Fa 11 Progr a m is planned to place approximately 50 student interns in city and non-city agency positions for 12 weeks (S e ptember 29 - December 19)o Present requests indicate that the city will utilize 25 interns, with non-city agencies utilizing the remaining 25. Staffing needs for this program include 4 full-time student-professional personnel, and 4 full-time CWSP students to handle clerical, field, and payroll work. Positions and salaries are as follows: Director@ $800/month Executive Assistant@ $650/month Field Director @ $650/month Finance Director @ $650/ month 4 Full-time CWSP interns@ $20/week ( our cost) $3,200.00 $2,600000 $2,600.00 $2,600.00 $1,280. 00 $12' 2800 00 Operating expenses should be the following: Postage _ Printing and Supplies Tele phone Furniture and Equipment Rental Travel Total Administrative Expense Int e rns: $200000 $800.00 $400 0 00 $300000 $300.00 $2,000.00 $14,280. 00 Financial Expect a tions Regarding int e rns plac e d this fall, we expect that 10 will work full-time ( 40 hrs/ we e k), with th e remaining 40 working p ar t-time (15 hrs/week) o This will result in a m ean work-load of 20 hours per week for all interns. Indic at ions point to th e following comp e nsation rat e sche dule: 25 interns@ $ 1. 80/hr 2 0 inter ns @ $2. 20/hr 5 int ern s @ $2. 50/hr �. ') According to this schedule, the mean compensation rate for all interns will be $2 . 03/hr. Fifty inte rns with an average work load of 20 hours/week and an aver a ge comp e nsation r a te of $2. 03/hr will result in a bi-weekly intern payroll of $4, 060. 00. Income will be generated from two sources: A. $3,248, or 80% of the bi-weekly payroll, will be returned from participating colleges as the CWSP portion of the intern's salar y. This amount will be due every two weeks commencing Novemb e r B. Intern Contracts - 50 inte rns will ge nerate income from city and non-city agencies in the amount of $7,308.00. This is the agencies' 20% share of the intern's salaries and a 10% administrative fee, due on September 2 9. ($4, 060. 00/ pay period X 6 pay periods X 3 0%) 5. �