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 2005	ACTUAL FY 2006	BUDGETED FY 2007	REQUESTED FY 2008	GOVERNOR'S RECOMMENDED FY 2008	RECOMMENDED INC/(DEC) FY 2008
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	2,776,306	2,781,044	3,228,345	3,260,845	3,327,008	98,663
Total	$2,776,306	$2,781,044	$3,228,345	$3,260,845	$3,327,008	$98,663
EXPENDITURE DETAIL:
Personal Services	$1,440,742	$1,498,941	$1,670,161	$1,670,161	$1,736,324	$66,163
Operating Expenses	1,335,563	1,282,102	1,558,184	1,590,684	1,590,684	32,500
Total	$2,776,306	$2,781,044	$3,228,345	$3,260,845	$3,327,008	$98,663
Staffing Level FTE:	29.2	30.4	31.0	31.0	31.0	0.0

	ACTUAL FY 2005	ACTUAL FY 2006	ESTIMATED FY 2007	ESTIMATED FY 2008
REVENUES:
Contributions	$166,633,597	$166,064,870	$171,000,000	$176,000,000
Investment Income	727,046,373	844,942,559	512,492,675	550,929,626
Benefits Paid	-,217,559,207	-,235,611,469	-,264,000,000	-,290,000,000
Refunds Paid	-20,840,323	-25,086,526	-25,944,000	-26,460,000
Total	$655,280,440	$750,309,434	$393,548,675	$410,469,626
PERFORMANCE INDICATORS:
Budget Compared to Assets	.049%	.044%	.044%	.041%
Budget Compared to Benefits	1.3%	1.26%	1.22%	1.12%
Budget Compared to Contributions	1.8%	1.5%	1.9%	1.9%
Members Per FTEs	2147	2,212	2,229	2,252
Turnover Rate for FTEs - Managerial	0%	25%	0 %	0%
Turnover Rate for FTEs - Nonmanagerial	21.7%	17.4%	4.3%	4.3%

generated 12/05/06 10:53:20 AM