GOVERNOR'S RECOMMENDED FY 2012 BUDGET |
MISSION:
To plan, implement, and administer income replacement programs, and to encourage additional savings for retirement, all of which offer SDRS members and their families the resources and the opportunity to achieve financial security at retirement, death, or disability by providing an outstanding, appropriate, and equitable level of benefits.
ACTUAL
FY 2009ACTUAL
FY 2010BUDGETED
FY 2011REQUESTED
FY 2012GOVERNOR'S RECOMMENDED
FY 2012RECOMMENDED INC/(DEC)
FY 2012
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
3,377,065
3,367,687
3,735,876
3,362,876
3,362,876
(373,000)
Total
$3,377,065
$3,367,687
$3,735,876
$3,362,876
$3,362,876
($373,000)
EXPENDITURE DETAIL:
Personal Services
$1,719,533
$1,799,266
$1,915,902
$1,836,902
$1,836,902
($79,000)
Operating Expenses
1,657,531
1,568,420
1,819,974
1,525,974
1,525,974
(294,000)
Total
$3,377,065
$3,367,687
$3,735,876
$3,362,876
$3,362,876
($373,000)
Staffing Level FTE:
30.7
32.0
33.0
33.0
33.0
0.0
ACTUAL FY 2009 |
ACTUAL FY 2010 |
ESTIMATED FY 2011 |
ESTIMATED FY 2012 |
|
REVENUES: | ||||
Contributions | $191,091,000 | $196,670,394 | $202,257,000 | $208,325,000 |
Investment Income | -1,659,000,000 | 869,469,600 | 502,800,000 | 541,000,000 |
Benefits Paid | -,306,787,000 | -,325,822,278 | -,332,665,000 | -,339,000,000 |
Refunds Paid | -24,421,000 | -29,194,012 | -29,780,000 | -30,375,000 |
Total |
$-1,799,117,000 |
$711,123,704 |
$342,612,000 |
$379,950,000 |
PERFORMANCE INDICATORS: | ||||
Budget Compared to Assets | 0.063% | 0.057% | 0.053% | 0.050% |
Budget Compared to Benefits | 1.18% | 1.14% | 1.12% | 1.10% |
Budget Compared to Contributions | 1.9% | 1.9% | 1.9% | 1.8% |
Members Per FTEs | 2,200 | 2,219 | 2,243 | 2,265 |
Turnover Rate for FTEs - Managerial | 0.0% | 0.0% | 0.0% | 0.0% |
Turnover Rate for FTEs - Nonmanagerial | 12.0% | 16% | 4.0% | 4% |