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FCERA Budget Proposal Fiscal Year 2012-13 Executive Summary June 20, 2012.

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Presentation on theme: "FCERA Budget Proposal Fiscal Year 2012-13 Executive Summary June 20, 2012."— Presentation transcript:

1 FCERA Budget Proposal Fiscal Year Executive Summary June 20, 2012

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 Continue implementation of business projects that resulted from Strategic Planning with an emphasis on Information Technology initiative Retain and develop talent through career tracks and merit recognition Implement operational efficiencies on retirement processes to better serve our membership Keep up with new challenges created by a dynamic retirement environment and the current economic and financial environment

4 FY Executive Summary4 Projected Proposed X = Adopted Projected Presentation Methodology (1)(2) Proposed Adopted

5 FY Executive Summary5 Accounting for the Difference Projected Budget to Proposed Budget

6 FY Executive Summary6 Salaries & Benefits Projected vs. Proposed

7 FY Executive Summary7 Benefits

8 FY Executive Summary8 Regular Wages

9 FY Executive Summary9 Extra-Help Wages

10 FY Executive Summary10 Overtime Wages Testing modification to existing pension system to accommodate separation of Courts from County import file Testing new pension system modules Processing large number of retirees resulting from plan sponsors’ budgetary decisions

11 FY Executive Summary11 Services & Supplies Projected vs. Proposed

12 FY Executive Summary12 Professional Services

13 FY Executive Summary13 Professional Services – Proposed Detail

14 FY Executive Summary14 Training & Travel (Board & Staff) Trustee and staff education-related travel

15 FY Executive Summary15 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

16 FY Executive Summary16 Maintenance, Buildings & Grounds

17 FY Executive Summary17 Depreciation

18 FY Executive Summary18 Utilities

19 FY Executive Summary19 Other

20 FY Executive Summary20 Liability Insurance

21 FY Executive Summary21 General Operating Expense

22 FY Executive Summary22 Fixed Assets

23 FY Executive Summary23 Adjusted vs. Proposed

24 FY Executive Summary24 Projected Budget X Budget Projected Methodology $ 3,487,019 $ 3,794, X = $ 3,567,493 $ 3,487,019 (1) (2) $3,794,114 $ 3,567, A 6.4% increase from Prior Year Budget

25 FY Executive Summary25 Alternative Calculation of Estimated Maximum Administrative Budget for Budget Year

26 FY Executive Summary26 Total Budget Adjusted vs. Proposed

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