LABOR
GOVERNOR'S RECOMMENDED FY 2006 BUDGET
1081 South Dakota Retirement System

MISSION:
To plan, implement, and administer income replacement programs that give all SDRS members and their families the opportunity to achieve financial security at retirement, death, or disability by providing an outstanding, appropriate, and equitable level of benefits.

  ACTUAL
FY 2003
ACTUAL
FY 2004
BUDGETED
FY 2005
REQUESTED
FY 2006
GOVERNOR'S RECOMMENDED
FY 2006
RECOMMENDED INC/(DEC)
FY 2006
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 2,678,738 2,538,631 2,941,342 2,982,560 2,966,688 25,346
      Total $2,678,738 $2,538,631 $2,941,342 $2,982,560 $2,966,688 $25,346
 
EXPENDITURE DETAIL:
   Personal Services $1,310,173 $1,270,008 $1,560,504 $1,560,504 $1,560,504 $0
   Operating Expenses 1,368,566 1,268,623 1,380,838 1,422,056 1,406,184 25,346
      Total $2,678,738 $2,538,631 $2,941,342 $2,982,560 $2,966,688 $25,346
 
Staffing Level FTE: 28.1 25.1 31.0 31.0 31.0 0.0

  ACTUAL
FY 2003

ACTUAL
FY 2004

ESTIMATED
FY 2005

ESTIMATED
FY 2006

REVENUES:  
   Contributions $153,000,000 $174,000,000 $174,000,000 $190,000,000
   Investment Income 210,000,000 785,000,000 400,000,000 432,000,000
   Benefits Paid -,179,000,000 -,198,000,000 -,218,000,000 -,236,000,000
   Refunds Paid -24,000,000 -21,000,000 -21,000,000 -,230,000,000
      
Total

$160,000,000

$740,000,000

$335,000,000

$156,000,000
PERFORMANCE INDICATORS:  
   Budget Compared to Assets .059% .055% .054% .055%
   Budget Compared to Benefits 1.5% 1.44% 1.3% 1.38%
   Budget Compared to Contributions 1.8% 1.7% 1.7% 1.6%
   Members Per FTEs 2,262 2,287 2,145 2,118

generated 12/06/04 03:53:49 PM