Illustration of Pay Frequency Cash Flow
Current AY				New AY					2007 Transition Year
PAY DATE					PAY DATE					PAY DATE
		Accum Total					Accum Total					Accum Total
31-Aug	$1,170.00				31-Aug	$650.00		*	AY Old	January 31, 2007	$1,170.00
30-Sep	$1,170.00	$2,340.00			30-Sep	$1,300.00	$1,950.00			February 28, 2007	$1,170.00	$2,340.00
31-Oct	$1,170.00	$3,510.00			31-Oct	$1,300.00	$3,250.00			March 30, 2007	$1,170.00	$3,510.00
30-Nov	$1,170.00	$4,680.00			30-Nov	$1,300.00	$4,550.00			April 30, 2007	$1,170.00	$4,680.00
31-Dec	$1,170.00	$5,850.00			31-Dec	$1,300.00	$5,850.00			May 15, 2007	$1,170.00	$5,850.00
31-Jan	$1,170.00	$7,020.00			31-Jan	$1,300.00	$7,150.00
28-Feb	$1,170.00	$8,190.00			28-Feb	$1,300.00	$8,450.00		Transition	May 31, 2007	$585.00
31-Mar	$1,170.00	$9,360.00			31-Mar	$1,300.00	$9,750.00			June 29, 2007	$1,170.00	$1,755.00
30-Apr	$1,170.00	$10,530.00			30-Apr	$1,300.00	$11,050.00			July 31, 2007	$1,170.00	$2,925.00
15-May	$1,170.00	$11,700.00			31-May	$650.00	$11,700.00			August 31, 2007	$585.00	$3,510.00
TOTAL	$11,700.00				TOTAL	$11,700.00			AY New	August 31, 2007	$650.00	$650.00
										September 28, 2007	$1,300.00	$1,950.00
										October 31, 2007	$1,300.00	$3,250.00
NOTE: These illustrations do not reflect July 1 salary increases										November 30, 2007	$1,300.00	$4,550.00
* A mid-Sept "offcycle" will be scheduled to produce payments										December 28, 2007	$1,300.00	$5,850.00
	for staff approved after the Aug 31 paydate was run.
Current Summer Session				New Summer Session
PAY DATE					PAY DATE
		Accum Total					Accum Total
27-May	$585.00				31-May	$585.00
10-Jun	$585.00	$1,170.00			30-Jun	$1,170.00	$1,755.00
24-Jun	$585.00	$1,755.00			31-Jul	$1,170.00	$2,925.00
8-Jul	$585.00	$2,340.00			31-Aug	$585.00	$3,510.00
22-Jul	$585.00	$2,925.00
5-Aug	$585.00	$3,510.00
19-Aug	$0.00
TOTAL	$3,510.00				TOTAL	$3,510.00
Summer policy: 2.5% annual rate per week. Maximum of 12 weeks.