FY FCERA Budget Proposal FCERA Budget Proposal Salaries & Benefits May 18, 2011

FY 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

FY FCERA Budget Proposal Projected Budget X = Budget Projected Presentation Methodology (1)(2) Budget Budget

FY FCERA Budget Proposal Salaries & Benefits Adopted vs. Projected FY

FY FCERA Budget Proposal Overtime Wages Difference Implementation of the new general ledger system

FY FCERA Budget Proposal Benefits Difference

FY FCERA Budget Proposal Regular Wages Difference

FY FCERA Budget Proposal Extra-Help Wages Difference

FY FCERA Budget Proposal Budget Goals for 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

FY FCERA Budget Proposal Salaries & Benefits Proposed Budget

FY FCERA Budget Proposal Salaries & Benefits Projected vs. Proposed

FY FCERA Budget Proposal Benefits

FY FCERA Budget Proposal Regular Wages

FY FCERA Budget Proposal Overtime Wages

FY FCERA Budget Proposal Extra-Help Wages

FY FCERA Budget Proposal Salaries & Benefits Adopted vs. Proposed

FY FCERA Budget Proposal Projected Budget X Budget Projected Methodology $ 2,194,509 $ 2,221, X = $ 2,198,027 2,194,509 (1) (2) $2,221,906 $ 2,198, A 1.086% increase from Prior Year Budget