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FCERA Budget Proposal Fiscal Year 2005-06 Executive Summary June 15, 2005.

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Presentation on theme: "FCERA Budget Proposal Fiscal Year 2005-06 Executive Summary June 15, 2005."— Presentation transcript:

1 FCERA Budget Proposal Fiscal Year Executive Summary June 15, 2005

2 FY Executive Summary2 FCERA Administrative Budget 1937 Act defines Board obligations Board establishes FCERA goals and objectives to meet its obligations Staff estimates resources required to meet Board obligations

3 FY Executive Summary3 Budget Goals for Implementation of the Board’s decision on final compensation Improve member service Retain and develop talent through career tracks and merit recognition Keep up with new challenges created by dynamic retirement environment, except for unknown ramifications of the final compensation issue

4 FY Executive Summary4 Significant Items Final Compensation Litigation Substantial Increases in Retirement and Health Insurance Costs Multiple Updates to the Pensions System

5 FY Executive Summary5 Projected Budget X = Budget Projected Presented Methodology to Budget Committee (1)(2) Budget Budget

6 FY Executive Summary6 Accounting for the Difference Proposed Budget to Projected Budget

7 FY Executive Summary7 Salaries & Benefits Projected to Budget

8 FY Executive Summary8 Overtime Wages Final Compensation Issue Possible conversion to new bank Reclassification of Retirement Supervisor to exempt position

9 FY Executive Summary9 Regular Wages

10 FY Executive Summary10 Benefits

11 FY Executive Summary11 Extra-Help Wages

12 FY Executive Summary12 Services and Supplies Projected to Budget

13 FY Executive Summary13 Fixed Assets

14 FY Executive Summary14 Maintenance, Buildings & Grounds

15 FY Executive Summary15 PENSIONS System

16 FY Executive Summary16 Depreciation

17 FY Executive Summary17 Utilities

18 FY Executive Summary18 Other

19 FY Executive Summary19 Liability Insurance

20 FY Executive Summary20 Office Expense (Including Postage)

21 FY Executive Summary21 Travel and Education (Board & Staff) Trustee and staff education-related travel

22 FY Executive Summary22 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

23 FY Executive Summary23 Professional Services

24 FY Executive Summary24 Professional Services

25 FY Executive Summary25 Fresno County Employees’ Retirement Association Calculation of Estimated Maximum Administrative Budget For Budget Year

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