1. FCERA Budget Proposal Fiscal Year 2011-12 Executive Summary June 1, 2011

2. FY 2011-12 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 2011-12 Executive Summary3 Budget Goals for 2011-12 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 2011-12 Executive Summary4 Projected 10-11 Proposed 11-12 ----------------------- X ----------------------= Adopted 10-11 Projected 10-11 Presentation Methodology (1)(2) Proposed 11-12 Adopted 10-11 ------------------

5. FY 2011-12 Executive Summary5 Accounting for the Difference Projected Budget 2010-11 to Proposed Budget 2011-12

6. FY 2011-12 Executive Summary6 Salaries & Benefits Projected vs. Proposed

7. FY 2011-12 Executive Summary7 Benefits

8. FY 2011-12 Executive Summary8 Regular Wages

9. FY 2011-12 Executive Summary9 Extra-Help Wages

10. FY 2011-12 Executive Summary10 Overtime Wages

11. FY 2011-12 Executive Summary11 Salaries & Benefits Adopted vs. Proposed

12. FY 2011-12 Executive Summary12 Projected 02-03 Budget 03-04 ----------------------- X ---------------------- Budget 02-03 Projected 02-03 Methodology $ 2,194,509 $ 2,228,614 ----------------------- X ----------------------= $ 2,198,027 $ 2,194,509 (1) (2) $2,228,614 $ 2,198,027 ------------------ A 1.39% increase from Prior Year Budget

13. FY 2011-12 Executive Summary13 Services & Supplies Projected vs. Proposed

14. FY 2011-12 Executive Summary14 Fixed Assets

15. FY 2011-12 Executive Summary15 Professional Services

16. FY 2011-12 Executive Summary16 Professional Services – Proposed Detail

17. FY 2011-12 Executive Summary17 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

18. FY 2011-12 Executive Summary18 Other

19. FY 2011-12 Executive Summary19 Liability Insurance

20. FY 2011-12 Executive Summary20 Training & Travel (Board & Staff) Trustee and staff education-related travel

21. FY 2011-12 Executive Summary21 General Operating Expense

22. FY 2011-12 Executive Summary22 Utilities

23. FY 2011-12 Executive Summary23 Maintenance, Buildings & Grounds

24. FY 2011-12 Executive Summary24 PENSIONS System Maintenance

25. FY 2011-12 Executive Summary25 Services & Supplies Adopted vs. Proposed

26. FY 2011-12 Executive Summary26 Methodology $ 1,601,311 $ 2,525,879 ----------------------- X ----------------------= $ 1,776,292 (1) (2) $2,525,879 $ 1,776,292 ------------------ A 42.20% increase from Prior Year Budget

27. FY 2011-12 Executive Summary27 Total Budget Adopted vs. Proposed

28. FY 2011-12 Executive Summary28 Fresno County Employees’ Retirement Association Alternative Calculation of Estimated Maximum Administrative Budget for Budget Year 2011-12