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 2004	ACTUAL FY 2005	BUDGETED FY 2006	REQUESTED FY 2007	GOVERNOR'S RECOMMENDED FY 2007	RECOMMENDED INC/(DEC) FY 2007
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	2,538,631	2,776,306	3,011,349	3,163,349	3,228,345	216,996
Total	$2,538,631	$2,776,306	$3,011,349	$3,163,349	$3,228,345	$216,996
EXPENDITURE DETAIL:
Personal Services	$1,270,008	$1,440,742	$1,605,165	$1,605,165	$1,670,161	$64,996
Operating Expenses	1,268,623	1,335,563	1,406,184	1,558,184	1,558,184	152,000
Total	$2,538,631	$2,776,306	$3,011,349	$3,163,349	$3,228,345	$216,996
Staffing Level FTE:	25.1	29.2	31.0	31.0	31.0	0.0

	ACTUAL FY 2004	ACTUAL FY 2005	ESTIMATED FY 2006	ESTIMATED FY 2007
REVENUES:
Contributions	$179,510,046	$166,633,597	$197,910,000	$207,800,000
Investment Income	776,890,949	727,046,373	476,429,217	513,350,000
Benefits Paid	-,198,454,410	-,217,559,207	-,240,000,000	-,264,000,000
Refunds Paid	-21,414,639	-20,840,323	-22,423,000	-23,000,000
Total	$736,531,946	$655,280,440	$411,916,217	$434,150,000
PERFORMANCE INDICATORS:
Budget Compared to Assets	.049%	.049%	.047%	.045%
Budget Compared to Benefits	1.4%	1.3%	1.25%	1.18%
Budget Compared to Contributions	1.7%	1.8%	1.5%	1.5%
Members Per FTEs	2,325	2,147	2,170	2,206
Turnover Rate for FTEs - Managerial	62.5%	0%	12.5%	0 %
Turnover Rate for FTEs - Nonmanagerial	5.0%	21.7%	4.3%	4.3%

generated 11/29/05 12:45:28 PM