FCERA Budget Proposal Fiscal Year Executive Summary June 1, 2011

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

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

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

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

FY Executive Summary6 Salaries & Benefits Projected vs. Proposed

FY Executive Summary7 Benefits

FY Executive Summary8 Regular Wages

FY Executive Summary9 Extra-Help Wages

FY Executive Summary10 Overtime Wages

FY Executive Summary11 Salaries & Benefits Adopted vs. Proposed

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

FY Executive Summary13 Services & Supplies Projected vs. Proposed

FY Executive Summary14 Fixed Assets

FY Executive Summary15 Professional Services

FY Executive Summary16 Professional Services – Proposed Detail

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

FY Executive Summary18 Other

FY Executive Summary19 Liability Insurance

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

FY Executive Summary21 General Operating Expense

FY Executive Summary22 Utilities

FY Executive Summary23 Maintenance, Buildings & Grounds

FY Executive Summary24 PENSIONS System Maintenance

FY Executive Summary25 Services & Supplies Adopted vs. Proposed

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

FY Executive Summary27 Total Budget Adopted vs. Proposed

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