1. Transparency Generates Trust

2. TRANSPARENCY = ACCOUNTABILITY NATIONWIDE  62 % Trust state government  19 % Trust federal government  25 % Believe Obama has lived up to promised transparency  73 % Believe current administration to be less transparent than others

3. UTAH IS LEADING 2008 Transparency Advisory Board created 2009 Transparent.Utah.Gov 2012 Expanded board oversight to include all public data 2014 Open.Utah.Gov – Statewide data portal  Financial data  Public records repository  GRAMA portal

4. TRANSPARENCY SAVES MONEY $13 savings per online transaction

5. THE WAY OF THE FUTURE  USOE & State Tax Commission save $15,000/year on time saved from reduced GRAMA requests  Information requests fulfilled by transparency website rather than by a state employee saves $750-$1,000  Increases efficiency  Empowers citizens

6. SB269 Annual Leave Program II for State Employees

7. ANNUAL LEAVE OVERVIEW  Current Environment: $110M of unfunded leave (3.1M hours) Leave is funded when used, not when earned  Sequestration Furlough Issue: An employee should expect that the money to pay their leave is set aside and available for them when they need it  Who should pay: An employee accrues leave in one agency, then transfers to another before taking it New agency ends up paying the bill for leave earned somewhere else

8. ANNUAL LEAVE OBJECTIVE Creates New Fiscal Responsibility Framework:  By 2016, newly accrued leave will be funded when earned  Funding placed in a trust fund for employees  Also, begin to fund the existing unfunded liability  Various approaches  Example: Smoothed LIFO  By 2018, 60% of the liability will be funded  By 2040, 95% of the liability will be funded  No change from the employee perspective

9. $125m Smoothed LIFO