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FCERA Budget Proposal Fiscal Year 2010-11 Executive Summary June 16, 2010.

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Presentation on theme: "FCERA Budget Proposal Fiscal Year 2010-11 Executive Summary June 16, 2010."— Presentation transcript:

1 FCERA Budget Proposal Fiscal Year Executive Summary June 16, 2010

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 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 Overtime Wages

10 FY Executive Summary10 Extra-Help Wages

11 FY Executive Summary11 Salaries & Benefits Adopted vs. Proposed

12 FY Executive Summary12 Projected Budget X Budget Projected Methodology $ 2,019,766 $ 2,198, X = $ 2,041,894 $ 2,019,766 (1) (2) 37.71% Regular Wages 59.29% Benefits 3.00% Overtime/Extra Help Wages Change YTY = $2,198,027 $ 2,041, A 7.65% increase from Prior Year Budget

13 FY Executive Summary13 Services & Supplies Projected vs. Proposed

14 FY Executive Summary14 Professional Services

15 FY Executive Summary15 Professional Services – Proposed Detail

16 FY Executive Summary16 Fixed Assets

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

18 FY Executive Summary18 Training & Travel (Board & Staff) Trustee and staff education-related travel

19 FY Executive Summary19 Liability Insurance

20 FY Executive Summary20 PENSIONS System

21 FY Executive Summary21 Other

22 FY Executive Summary22 Utilities

23 FY Executive Summary23 General Operating Expense

24 FY Executive Summary24 Maintenance, Buildings & Grounds

25 FY Executive Summary25 Services & Supplies Adopted vs. Proposed

26 FY Executive Summary26 Methodology $ 1,499,037 $ 1,626, X = $ 2,109,774 $ 1,499,037 (1) (2) % Fixed Assets % Professional & Specialized % Other Services & Supplies Change YTY = $1,626,292 $ 2,109, A 22.92% decrease from Prior Year Budget

27 FY Executive Summary27 Total Budget Adopted vs. Proposed

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

29 FY Executive Summary29 Fresno County Employees’ Retirement Association Alternative Calculation of Estimated Maximum Administrative Budget for Budget Year


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