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What is the difference between the annualized method and the scheduled position method?

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Annualized method is the process through which each department balances its permanent base budget with its actual staff salary commitments by reconciling annualized salary expenditures to permanent salary and FTE budgets. Scheduled position method is used when forecasting new programs and services. It can be defined as a factor expressing the number of employees required measured against or equivalent of, one full time employee's standard week work.

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