1. Budget Ceiling 2016 GS/OAS/SAF – May 15, 2015

2. Indirect Cost Recovery Budget Ceiling Calculation Budget Ceiling for Years 2013, 2014, 20152016, 2017, 2018 YearICR Income (in thousands) YearICR Income (in thousands) 20116,65920146,131 20108,72320137,069 20097,06120126,803 Total22,443Total20,003 3 year average (Total / 3) 7,481 3 year average (Total / 3) 6,668 90% of 3 year average = new budget ceiling 2013 - 2015 6,733 Rounded to 6,750 90% of 3 year average = new budget ceiling 2016 - 2018 6,000 (rounded)

3. Statutory Adjustments for 2016 (in thousands) Approved Indicative Budget Ceiling for 2016 General Services - Cost of Living Adjustment - September Professional - Cost of Living Adjustment - April 2015 Statutory Adjustments in 2016 2016 Step increase - Post July Medical Insurance Adjustment - Staff Medical Insurance Adjustment - Retirees Total Budget with Statutory Adjustments for 2016 Personnel54,2881000400350150 55,288 Non-personnel30,036 150 30,186 Total84,3241000400350150 85,474 Difference between Approved Indicative budget ceiling and Budget with Statutory Adjustments for 2016:1,1501.4% Regular Fund Statutory Adjustments