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