VRC - Management Solutions Committee

Village Racquet Club Association Proposed Staffing Models

Option 1: Portfolio Management + Current Maintenance Tech.

Fee Type

Fee/Salary (assumed)

30% Burden for Full-Time (est.)

Total

Monthly Management Fee

$2,400

$2,400 x 12 mos.

$28,800.00

Maintenance Technician

$60,000

$60,000 x 30% (est.) = $18,000

$78,000.00

Estimated Total: (Annually)

$106,800.00

Option 2: Portfolio Management + Full-Time Assistant General Manager + Current Maintenance Tech.

Fee Type

Fee/Salary (assumed)

30% Burden for Full-Time (est.)

Total

Monthly Management Fee

$2,000

$2,000 x 12 mos.

$24,000.00

Full-Time Assistant General Manager

$20.00 - $25.00/hr.

$46,800 x 30% (est.) = $14,040

$60,840.00

Maintenance Technician

$60,000

$60,000 x 30% (est.) = $18,000

$78,000.00

Estimated Total: (Annually)

$162,840.00

Option 3: Full-Time General Manager + Current Maintenance Tech.

Fee Type

Fee/Salary (assumed)

30% Burden for Full-Time (est.)

Total

Monthly Management Fee

$1,800

$1,800 x 12 mos.

$21,600.00

Full-Time General Manager

$70,000 - $90,000

$80,000 x 30% (est.) = $24,000

$104,000.00

Maintenance Technician

$60,000

$60,000 x 30% (est.) = $18,000

$78,000.00

Estimated Total: (Annually)

$203,600.00

Note: Base salary used to determine the total salary amount. The base salary shall be adjusted as necessary.

Note: The Estimated Burden Rate is the Actual Payroll Costs + a 5% Administration fee. This includes: FICA, SUI, FUTA, Workers Compensation, training, paid time off, Human Resource management, Benefits (Medical), Benefits (Dental), Benefits (401K) (including matching 3% contribution, all plan administration costs, annual testing, census, independent CPA review), vacation time, sick time, benefit management and administration.

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