1. FY 2011-12 FCERA Budget Proposal FCERA 2011-12 Budget Proposal Salaries & Benefits May 18, 2011

2. FY 2011-12 FCERA Budget Proposal 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 2011-12 FCERA Budget Proposal Projected 10-11 Budget 11-12 ----------------------- X ----------------------= Budget 10-11 Projected 10-11 Presentation Methodology (1)(2) Budget 11-12 Budget 10-11 ------------------

4. FY 2011-12 FCERA Budget Proposal Salaries & Benefits Adopted vs. Projected FY 2010-11

5. FY 2011-12 FCERA Budget Proposal Overtime Wages Difference Implementation of the new general ledger system

6. FY 2011-12 FCERA Budget Proposal Benefits Difference

7. FY 2011-12 FCERA Budget Proposal Regular Wages Difference

8. FY 2011-12 FCERA Budget Proposal Extra-Help Wages Difference

9. FY 2011-12 FCERA Budget Proposal Budget Goals for 2011-12 Continue implementation of business projects that resulted from Strategic Planning with 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

10. FY 2011-12 FCERA Budget Proposal Salaries & Benefits Proposed Budget 2011-12

11. FY 2011-12 FCERA Budget Proposal Salaries & Benefits Projected vs. Proposed

12. FY 2011-12 FCERA Budget Proposal Benefits

13. FY 2011-12 FCERA Budget Proposal Regular Wages

14. FY 2011-12 FCERA Budget Proposal Overtime Wages

15. FY 2011-12 FCERA Budget Proposal Extra-Help Wages

16. FY 2011-12 FCERA Budget Proposal Salaries & Benefits Adopted vs. Proposed

17. FY 2011-12 FCERA Budget Proposal Projected 02-03 Budget 03-04 ----------------------- X ---------------------- Budget 02-03 Projected 02-03 Methodology $ 2,194,509 $ 2,221,906 ----------------------- X ----------------------= $ 2,198,027 2,194,509 (1) (2) $2,221,906 $ 2,198,027 ------------------ A 1.086% increase from Prior Year Budget