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FCERA Budget Proposal Fiscal Year 2011-12 Executive Summary June 1, 2011.

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Presentation on theme: "FCERA Budget Proposal Fiscal Year 2011-12 Executive Summary June 1, 2011."— Presentation transcript:

1 FCERA Budget Proposal Fiscal Year Executive Summary June 1, 2011

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

11 FY Executive Summary11 Salaries & Benefits Adopted vs. Proposed

12 FY Executive Summary12 Projected Budget X Budget Projected Methodology $ 2,194,509 $ 2,228, X = $ 2,198,027 $ 2,194,509 (1) (2) $2,228,614 $ 2,198, A 1.39% increase from Prior Year Budget

13 FY Executive Summary13 Services & Supplies Projected vs. Proposed

14 FY Executive Summary14 Fixed Assets

15 FY Executive Summary15 Professional Services

16 FY Executive Summary16 Professional Services – Proposed Detail

17 FY Executive Summary17 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

18 FY Executive Summary18 Other

19 FY Executive Summary19 Liability Insurance

20 FY Executive Summary20 Training & Travel (Board & Staff) Trustee and staff education-related travel

21 FY Executive Summary21 General Operating Expense

22 FY Executive Summary22 Utilities

23 FY Executive Summary23 Maintenance, Buildings & Grounds

24 FY Executive Summary24 PENSIONS System Maintenance

25 FY Executive Summary25 Services & Supplies Adopted vs. Proposed

26 FY Executive Summary26 Methodology $ 1,601,311 $ 2,525, X = $ 1,776,292 (1) (2) $2,525,879 $ 1,776, A 42.20% increase from Prior Year Budget

27 FY Executive Summary27 Total Budget Adopted vs. Proposed

28 FY Executive Summary28 Fresno County Employees’ Retirement Association Alternative Calculation of Estimated Maximum Administrative Budget for Budget Year

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