1. FCERA Budget Proposal Fiscal Year 2010-11 Executive Summary June 16, 2010

2. FY 2010-11 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 2010-11 Executive Summary3 Budget Goals for 2010-11 Continue implementation of business projects that resulted from Strategic Planning 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 2010-11 Executive Summary4 Projected 09-10 Proposed 10-11 ----------------------- X ----------------------= Adopted 09-10 Projected 09-10 Presentation Methodology (1)(2) Proposed 10-11 Adopted 09-10 ------------------

5. FY 2010-11 Executive Summary5 Accounting for the Difference Projected Budget 2009-10 to Proposed Budget 2010-11

6. FY 2010-11 Executive Summary6 Salaries & Benefits Projected vs. Proposed

7. FY 2010-11 Executive Summary7 Benefits

8. FY 2010-11 Executive Summary8 Regular Wages

9. FY 2010-11 Executive Summary9 Overtime Wages

10. FY 2010-11 Executive Summary10 Extra-Help Wages

11. FY 2010-11 Executive Summary11 Salaries & Benefits Adopted vs. Proposed

12. FY 2010-11 Executive Summary12 Projected 02-03 Budget 03-04 ----------------------- X ---------------------- Budget 02-03 Projected 02-03 Methodology $ 2,019,766 $ 2,198,027 ----------------------- X ----------------------= $ 2,041,894 $ 2,019,766 (1) (2) 37.71% Regular Wages 59.29% Benefits 3.00% Overtime/Extra Help Wages Change YTY = $2,198,027 $ 2,041,894 ------------------ A 7.65% increase from Prior Year Budget

13. FY 2010-11 Executive Summary13 Services & Supplies Projected vs. Proposed

14. FY 2010-11 Executive Summary14 Professional Services

15. FY 2010-11 Executive Summary15 Professional Services – Proposed Detail

16. FY 2010-11 Executive Summary16 Fixed Assets

17. FY 2010-11 Executive Summary17 ITSD Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD)

18. FY 2010-11 Executive Summary18 Training & Travel (Board & Staff) Trustee and staff education-related travel

19. FY 2010-11 Executive Summary19 Liability Insurance

20. FY 2010-11 Executive Summary20 PENSIONS System

21. FY 2010-11 Executive Summary21 Other

22. FY 2010-11 Executive Summary22 Utilities

23. FY 2010-11 Executive Summary23 General Operating Expense

24. FY 2010-11 Executive Summary24 Maintenance, Buildings & Grounds

25. FY 2010-11 Executive Summary25 Services & Supplies Adopted vs. Proposed

26. FY 2010-11 Executive Summary26 Methodology $ 1,499,037 $ 1,626,292 ----------------------- X ----------------------= $ 2,109,774 $ 1,499,037 (1) (2) - 54.00% Fixed Assets -28.94% Professional & Specialized -17.06% Other Services & Supplies Change YTY = $1,626,292 $ 2,109,774 ------------------ A 22.92% decrease from Prior Year Budget

27. FY 2010-11 Executive Summary27 Total Budget Adopted vs. Proposed

28. FY 2010-11 Executive Summary28 Fresno County Employees’ Retirement Association Calculation of Estimated Maximum Administrative Budget For Budget Year 2010-11

29. FY 2010-11 Executive Summary29 Fresno County Employees’ Retirement Association Alternative Calculation of Estimated Maximum Administrative Budget for Budget Year 2010-11