1. FCERA Budget Proposal Fiscal Year 2012-13 Executive Summary June 20, 2012

2. FY 2012-13 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 2012-13 Executive Summary3 Budget Goals for 2012-13 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

4. FY 2012-13 Executive Summary4 Projected 11-12 Proposed 12-13 ----------------------- X ----------------------= Adopted 11-12 Projected 11-12 Presentation Methodology (1)(2) Proposed 12-13 Adopted 11-12 ------------------

5. FY 2012-13 Executive Summary5 Accounting for the Difference Projected Budget 2011-12 to Proposed Budget 2012-13

6. FY 2012-13 Executive Summary6 Salaries & Benefits Projected vs. Proposed

7. FY 2012-13 Executive Summary7 Benefits

8. FY 2012-13 Executive Summary8 Regular Wages

9. FY 2012-13 Executive Summary9 Extra-Help Wages

10. FY 2012-13 Executive Summary10 Overtime Wages Testing modification to existing pension system to accommodate separation of Courts from County import file Testing new pension system modules Processing large number of retirees resulting from plan sponsors’ budgetary decisions

11. FY 2012-13 Executive Summary11 Services & Supplies Projected vs. Proposed

12. FY 2012-13 Executive Summary12 Professional Services

13. FY 2012-13 Executive Summary13 Professional Services – Proposed Detail

14. FY 2012-13 Executive Summary14 Training & Travel (Board & Staff) Trustee and staff education-related travel

15. FY 2012-13 Executive Summary15 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

16. FY 2012-13 Executive Summary16 Maintenance, Buildings & Grounds

17. FY 2012-13 Executive Summary17 Depreciation

18. FY 2012-13 Executive Summary18 Utilities

19. FY 2012-13 Executive Summary19 Other

20. FY 2012-13 Executive Summary20 Liability Insurance

21. FY 2012-13 Executive Summary21 General Operating Expense

22. FY 2012-13 Executive Summary22 Fixed Assets

23. FY 2012-13 Executive Summary23 Adjusted vs. Proposed

24. FY 2012-13 Executive Summary24 Projected 02-03 Budget 03-04 ----------------------- X ---------------------- Budget 02-03 Projected 02-03 Methodology $ 3,487,019 $ 3,794,114 ----------------------- X ----------------------= $ 3,567,493 $ 3,487,019 (1) (2) $3,794,114 $ 3,567,493 ------------------ A 6.4% increase from Prior Year Budget

25. FY 2012-13 Executive Summary25 Alternative Calculation of Estimated Maximum Administrative Budget for Budget Year 2012-13

26. FY 2012-13 Executive Summary26 Total Budget Adjusted vs. Proposed