1. FCERA Budget Proposal Fiscal Year 2007-08 Executive Summary June 6, 2007

2. FY 2007-08 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 2007-08 Executive Summary3 Budget Goals for 2007-08 Complete final compensation project Continue member services improvements Decrease current backlog of prior public service and prior county service purchase requests Retain and develop talent through career tracks and merit recognition Initiate Strategic Planning Process for FCERA Keep up with new challenges created by dynamic retirement environment

4. FY 2007-08 Executive Summary4 Projected 06-07 Budget 07-08 ----------------------- X ----------------------= Budget 06-07 Projected 06-07 Presented Methodology to Budget Committee (1)(2) Budget 07-08 Budget 06-07 ------------------

5. FY 2007-08 Executive Summary5 Accounting for the Difference Proposed Budget 2007-08 to Projected Budget 2006-07

6. FY 2007-08 Executive Summary6 Salaries & Benefits Projected 2006-07 to Budget 2007-08

7. FY 2007-08 Executive Summary7 Regular Wages

8. FY 2007-08 Executive Summary8 Benefits

9. FY 2007-08 Executive Summary9 Extra-Help Wages

10. FY 2007-08 Executive Summary10 Overtime Wages Completion of Final Compensation Project Reclassification of Retirement Supervisor to Exempt Position All positions filled with trained staff

11. FY 2007-08 Executive Summary11 Services and Supplies Projected 2006-07 to Budget 2007-08

12. FY 2007-08 Executive Summary12 PENSIONS System

13. FY 2007-08 Executive Summary13 Office Expense (Including Postage)

14. FY 2007-08 Executive Summary14 Training and Travel (Board & Staff) Trustee and staff education-related travel

15. FY 2007-08 Executive Summary15 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

16. FY 2007-08 Executive Summary16 Liability Insurance

17. FY 2007-08 Executive Summary17 Fixed Assets

18. FY 2007-08 Executive Summary18 Maintenance, Buildings & Grounds

19. FY 2007-08 Executive Summary19 Professional Services

20. FY 2007-08 Executive Summary20 Professional Services

21. FY 2007-08 Executive Summary21 Other

22. FY 2007-08 Executive Summary22 Utilities

23. FY 2007-08 Executive Summary23 Fresno County Employees’ Retirement Association Calculation of Estimated Maximum Administrative Budget For Budget Year 2007-08