state government finance
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STATE GOVERNMENT FINANCE. Bill Newton Acting Director of Finance December 14, 2009. TABLE OF CONTENTS. Economic Data Alabama Economic Index U.S. & Alabama Monthly Unemployment Rates Change In Household Employment Alabama Unemployment Rate by County Financial Condition - PowerPoint PPT PresentationTRANSCRIPT
STATE GOVERNMENT FINANCE
Bill Newton
Acting Director of Finance
December 14, 2009
TABLE OF CONTENTSI. Economic Data
1. Alabama Economic Index2. U.S. & Alabama Monthly Unemployment Rates3. Change In Household Employment4. Alabama Unemployment Rate by County
II. Financial Condition1. State General Fund Revenues2. General Fund and Stimulus Funds3. Number of State Employees4. Education Trust Fund Revenues5. ETF & Stimulus Funds6. Total Bonded Indebtedness7. Alabama Trust Fund Corpus
TABLE OF CONTENTS (Continued)
III. Benefit Trends1. Retirement Funding Ratios
2. Employer Retirement Rates
3. Employer Insurance Rates
4. TRS Retirement Funding Ratios
5. TRS Employer Retirement Rates
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
Jan-89
Jul-89
Jan-90
Jul-90
Jan-91
Jul-91
Jan-92
Jul-92
Jan-93
Jul-93
Jan-94
Jul-94
Jan-95
Jul-95
Jan-96
Jul-96
Jan-97
Jul-97
Jan-98
Jul-98
Jan-99
Jul-99
Jan-00
Jul-00
Jan-01
Jul-01
Jan-02
Jul-02
Jan-03
Jul-03
Jan-04
Jul-04
Jan-05
Jul-05
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Alabama Economic IndexThree Months Moving Average
Year Ago Basis
U.S. and ALABAMA MONTHLY UNEMPLOYMENT RATES(seasonally adjusted)
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
AL US
-200
-150
-100
-50
0
50
100
Change in Household Employment
STATE GENERAL FUND REVENUES
-
200.00
400.00
600.00
800.00
1,000.00
1,200.00
1,400.00
1,600.00
1,800.00
2,000.00
2002 2003 2004 2005 2006 2007 2008 2009
Fiscal Year
In M
illio
ns
GENERAL FUND & STIMULUS FUNDS FY 2010
GF
Stimulus Funds
NUMBER OF STATE EMPLOYEES(IN EXECUTIVE BRANCH)
32,630
33,714
34,428
33,717
32,932 32,984
34,131
35,029
35,296
34,978
31,000
31,500
32,000
32,500
33,000
33,500
34,000
34,500
35,000
35,500
Dec 00 Dec 01 Dec 02 Dec 03 Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Nov 09
EDUCATION TRUST FUND REVENUES
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2002 2003 2004 2005 2006 2007 2008 2009
Fiscal Year
In M
illio
ns
ETF & Stimulus FundsFY 2011
ETF
Stimulus Funds
TOTAL BONDED INDEBTEDNESS
1,305.43
2,129.46
1,504.69
1,355.25
1,192.95
2,083.19
2,454.31
2,621.59
3,985.04
3,474.37
817.57
850.62820.96
904.78
1,546.49
1,472.04 1,302.35
1,849.75
2,676.57
2,589.96
2,679.54
3,685.62
1,195.89
776.98810.07
1,420.73
1,770.93
1,647.191,537.39
1,442.651,381.35
1,442.61 1,461.03
2,685.10
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
4,000.00
4,500.001
97
6
19
77
19
78
19
79
19
80
19
81
19
82
19
83
19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
Fiscal Year
In M
illio
ns
ALABAMA TRUST FUND CORPUSAt Fiscal Year-End
400.60460.17 472.14
571.53677.65
751.53864.29
984.881,125.99
1,246.06
1,401.95
1,672.57
2,411.50
2,631.26
2,906.90
3,125.443,241.63
3,034.32
399.90
333.31
2,215.452,213.08
465.95455.22 501.16
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
*2002
2003
2004
2005
2006
2007
2008
2009
Fiscal Year*The Alabama Heritage Trust Fund was transferred into the Alabama Trust Fund on 12/06/01.
In M
illio
ns
RETIREMENT FUNDING RATIOS
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
TRS
ERS
EMPLOYER RETIREMENT RATES
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
TRS
ERS
EMPLOYER INSURANCE RATES
0
200
400
600
800
1,000
1,200
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
PEEHIB
SEIB
TRS RETIREMENT FUNDING RATIOS
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
FY1997
FY1998
FY1999
FY2000
FY2001
FY2002
FY2003
FY2004
FY2005
FY2006
FY2007
FY2008
TRS RETIREMENT FUNDING RATIOS
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
110.00%
TRS RETIREMENT FUNDING RATIOS
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
110.00%
TRS EMPLOYER RETIREMENT RATES
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
TRS EMPLOYER RETIREMENT RATES
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
TRS EMPLOYER RETIREMENT RATES
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%