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 2007	ACTUAL FY 2008	BUDGETED FY 2009	REQUESTED FY 2010	GOVERNOR'S RECOMMENDED FY 2010	RECOMMENDED INC/(DEC) FY 2010
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	3,110,030	3,103,211	3,622,244	3,700,254	3,746,049	123,805
Total	$3,110,030	$3,103,211	$3,622,244	$3,700,254	$3,746,049	$123,805
EXPENDITURE DETAIL:
Personal Services	$1,569,500	$1,619,082	$1,903,080	$1,903,080	$1,948,875	$45,795
Operating Expenses	1,540,530	1,484,129	1,719,164	1,797,174	1,797,174	78,010
Total	$3,110,030	$3,103,211	$3,622,244	$3,700,254	$3,746,049	$123,805
Staffing Level FTE:	30.5	29.9	33.0	33.0	33.0	0.0

	ACTUAL FY 2007	ACTUAL FY 2008	ESTIMATED FY 2009	ESTIMATED FY 2010
REVENUES:
Contributions	$171,000,000	$183,326,000	$178,000,000	$185,657,500
Investment Income	512,492,675	-,723,100,000	565,800,000	609,000,000
Benefits Paid	-,264,000,000	-,273,267,000	-,283,000,000	-,318,331,555
Refunds Paid	-28,624,152	-28,069,000	-33,000,000	-30,000,000
Total	$390,868,523	$-,841,110,000	$427,800,000	$446,325,945
PERFORMANCE INDICATORS:
Budget Compared to Assets	.044%	.045%	.046%	.043%
Budget Compared to Benefits	1.22%	1.11%	1.12%	1.06%
Budget Compared to Contributions	1.9%	2.0%	2.0%	2.0%
Members Per FTEs	2,229	2,318	2,286	2,400
Turnover Rate for FTEs - Managerial	0.0%	12.5%	0.0%	0.0%
Turnover Rate for FTEs - Nonmanagerial	4.3%	17.4%	4.3%	4.3%

generated 11/24/08 10:47:43 AM