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Explore the FCERA administrative budget for fiscal year 2006-07, focusing on goals like improving member services, talent development, and addressing new retirement challenges. Key areas include salaries, benefits, services, supplies, ITSD, and travel.
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FCERA Budget ProposalFiscal Year 2006-07 Executive Summary June 21, 2006
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 2006-07 Executive Summary
Budget Goals for 2006-07 • Complete final compensation project • Decrease current backlog of prior public service and prior county service purchase requests • Continue efforts to improve member services • Retain and develop talent through career tracks and merit recognition • Keep up with new challenges created by dynamic retirement environment FY 2006-07 Executive Summary
Budget 06-07 ------------------ Budget 05-06 Presented Methodology to Budget Committee (1) (2) Projected 05-06 Budget 06-07 ----------------------- X ---------------------- = Budget 05-06 Projected 05-06 FY 2006-07 Executive Summary
Accounting for the DifferenceProposed Budget 2006-07 to Projected Budget 2005-06 FY 2006-07 Executive Summary
Salaries & BenefitsProjected 2005-06 to Budget 2006-07 FY 2006-07 Executive Summary
Regular Wages FY 2006-07 Executive Summary
Benefits FY 2006-07 Executive Summary
Extra-Help Wages FY 2006-07 Executive Summary
Overtime Wages • Final Compensation Project • Reclassification of Retirement Supervisor to Exempt Position FY 2006-07 Executive Summary
Services and SuppliesProjected 2005-06 to Budget 2006-07 FY 2006-07 Executive Summary
Professional Services FY 2006-07 Executive Summary
Professional Services FY 2006-07 Executive Summary
Office Expense (Including Postage) FY 2006-07 Executive Summary
PENSIONS System FY 2006-07 Executive Summary
Liability Insurance FY 2006-07 Executive Summary
ITSD • Proposed costs are established by the County of Fresno Information Technology Services Department (ITSD) FY 2006-07 Executive Summary
Fixed Assets FY 2006-07 Executive Summary
Travel (Board & Staff) • Trustee and staff education-related travel FY 2006-07 Executive Summary
Utilities FY 2006-07 Executive Summary
Maintenance, Buildings & Grounds FY 2006-07 Executive Summary
Other FY 2006-07 Executive Summary
Fresno County Employees’ Retirement AssociationCalculation of Estimated Maximum Administrative BudgetFor Budget Year 2006-07 FY 2006-07 Executive Summary