texas pension review board

LEGISLATIVE APPROPRIATIONS REQUEST

For Fiscal Years 2014 and 2015

Submitted to the

Governor's Office of Budget, Planning and Policy and the Legislative Budget Office

by

Texas Pension Review Board Board Member Dates of Term Hometown RICHARD E. MCELREATH , Chair (2007-2013) Amarillo PAUL A. BRADEN, Vice Chair (2009-2015) El Paso J. ROBERT MASSENGALE (2008-2011) Lubbock NORMAN W. PARRISH (2007-2013) The Woodlands ANDREW W. CABLE (2009-2013) Wimberley LESLIE GRECO-POOL (2011-2015) Trophy Club WAYNE R. ROBERTS (2009-2015) Houston REPRESENTATIVE VICKI TRUITT (2008-2011) Southlake SENATOR JOHN H. WHITMIRE (2001-2005) Houston

Date of Submission: August 9, 2012

Table of Contents Legislative Appropriations Request Fiscal Years 2014-2015 Administrator’s Statement Organizational Chart Certificate of Dual Submission Summary of Request

Summary of Base Request by Strategy 2.A. Page 1 Summary of Base Request by Method of Finance 2.B. Page 1 Summary of Base Request by Objects of Expense 2.C. Page 1 Summary of Base Request Objective Outcomes 2.D. Page 1 Summary of Exceptional Items Request 2.E. Page 1 Summary of Total Request by Strategy 2.F. Page 1 Summary of Total Request Objective Outcomes 2.G. Page 1

Strategy Request Strategy 1: Retirement System Reviews 3.A. Page 1 Strategy 2: Technical Assistance and Education 3.A. Page 4 Exceptional Item Request

Exceptional Items Request Schedule 4.A. Page 1 Exceptional Items Strategy Allocation Schedule 4.B. Page 1 Exceptional Items Strategy Request 4.C. Page 1

Capital Budget Schedules Capital Budget Project Schedule N/A Capital Budget Allocation to Strategies N/A Supporting Schedules: General Revenue & General Revenue Dedicated Baseline Report

Historically Underutilized Business Supporting Schedule 6.A. Page Estimated Revenue Collections Supporting Schedule 6.E. Page 1 10 Percent Biennial Base Reduction Options Schedule 6.I. Page 1

Administrative and Support Cost: Indirect Administrative and Support Cost 7.A. Page 1 Direct Administrative and Support Cost 7.B. Page 1

Automated Budget and Evaluation System of Texas (ABEST)

8/9/2012 8:30:56AM

338 Pension Review Board

83rd Regular Session, Agency Submission, Version 1

ADMINISTRATOR'S STATEMENT

Texas Pension Review Board

Member Name/Term and Hometown

----------------------------------------------------------------

RICHARD E.MCELREATH, Chair (2007-2013) Amarillo

PAUL A.BRADEN, Vice Chair (2009-2015) El Paso

ANDREW W.CABLE (2009-2013) Wimberley

LESLIE GRECO-POOL (2011-2015) Trophy Club

J.ROBERT MASSENGALE (2008-2017) Lubbock

NORMAN W.PARRISH (2007-2013) The Woodlands

WAYNE R.ROBERTS (2009-2015) Houston

REPRESENTATIVE VICKI TRUITT (2008-2011) Southlake

SENATOR JOHN H. WHITMIRE (2001-2005) Houston

The State Pension Review Board (PRB) was established by the 66th Legislature effective September 1, 1979 as the oversight body for Texas state and local public

retirement systems. There are about 2.3 million members in some 360 public retirement systems registered with the PRB with assets of nearly $200 billion dollars. The

duties of the PRB have not changed since 1979, with the agency mandated to monitor the public pension system, investigate issues affecting actuarial soundness,

provide technical assistance, offer policy and legislative advice, hold educational training seminars, and produce actuarial impact statements for pending legislation.

In the last two years, the agency has undertaken several projects to ensure that it fulfills its duties. The PRB has prepared several reports on federal issues impacting

public retirement systems, including the impact of Dodd-Frank, the SEC’s Pay-to-Play and Municipal Advisor rules, the recent GASB proposals, and the Public Employee

Pension Transparency Act. The agency has completed two research papers, part of a series of “white papers” on important public pension topics. The first provides an

in-depth look at defined benefit, defined contribution, and alternative retirement plans. The second examines the notion of financial economics and its role in public

pension plans. The agency is currently working with the Comptroller of Public Accounts on a joint partnership to enhance the amount of public pension information

available online. By utilizing existing technology via the Comptroller’s website, the PRB will upload significant amount of financial and actuarial information online. As

part of the educational outreach program, the agency provides electronic weekly news clips service to its constituents and other interested parties to expedite tracking

and compiling of state, national, and local pension-related issues in a timely manner.

Though the agency has existed since 1979, it did not see an increase in budget or staffing until fiscal year 2006. Through its limited number of employees, the PRB tries to

increase staff expertise to provide more complex analysis of plans correlating to the demographic shifts in the state and investment complexity of pension funds. As

issues involving public pensions grow more complex, the PRB staff provides a high quality service to the legislature, the governor, public retirement systems, their

administrators, trustees, and members.

In light of the aforementioned work of the agency, the Board requests five exceptional items in this year’s appropriations request.

The first request is for additional funds to host quarterly regional seminars throughout the state. One of the agency’s core duties is education, and as recommended in the

Sunset Staff Report, the agency should develop and provide training that is accessible to all public retirement systems. Funding would provide for one regional seminar

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8/9/2012 8:30:56AM




each quarter, at different locations across Texas. The agency would also make the presentations from the regional seminars available online through our website. Topics

will include: asset allocation, actuarial training, fiduciary duties, developing investment policies, due diligence and creating request for proposals, plan design, federal and

state law updates, GASB and pension accounting, and retiree preparation.

The second request is for rider language authorizing the agency to collect funds for pension training conferences, seminars, and meetings. In recent years limited funding

for annual and regional training sessions has become a concern. The board recently authorized sponsorship of portions of the seminar such as paying for a

coffee/refreshment break with minor promotional recognition (acknowledgment in meeting materials). This policy is similar to that adopted by many professional

organizations such as the National Association of State Budget Officers (NASBO). Although providing some relief, this policy is not as flexible as authorization to

receive gifts or grants to assist in putting on the training meetings. Therefore, we request legislative authority to accept gifts and grants specifically for training

purposes. In addition, authority is requested to expend unused portions of any gifts and grants donated for one conference for use at other similar training activities.

This language is similar to that provided to other agencies through rider authorization, e.g., the Texas Higher Education Coordinating Board.

The third request concerns additional funds for the agency to attract and retain talented staff. For several years, the PRB has not had appropriate funding to retain

talented employees and as a result, several talented individuals have left the agency for more lucrative offers. Given current funding constraints, the PRB has been unable

to match or partially match these offers to retain strong personnel. For instance, we have had a deputy executive director, staff actuary, two financial analysts, and two

research specialists hired away from us. The responsibilities of the staff of the PRB are highly specialized and require considerable training, thus losing trained staff due

to salary constraints and needing to train new ones further hampers our ability to meet legislative mandates.

The fourth request is to restore the agency budget to its baseline prior to the general revenue cuts of the 2010-2011 biennium and to offset the one percent health care

assessment required of state agencies for the 2012-2013 biennium. Small reductions in the agency baseline, either through GR cuts or having to cover health care costs,

pose a real challenge to the agency. The result of the baseline reductions is the inability or significant time delay in filling vacant positions as well as keeping the staff

level one FTE below what is authorized in the GAA.

The fifth request, made specifically by our board members, is to continue the effort made by the 82nd Legislature to raise the salary of the executive director to a level

comparable to similar positions in state government. Although the board greatly appreciates the Legislature’s partially funding this request in the current biennium, we

request finishing this process in 2014-15. The requested increase would allow for the executive director’s salary to be comparable to other executive director’s salaries in

agencies with similar mission’s and staff sizes. The State Auditor in his July 2010 report “A Classification Study of Exempt Positions” listed the then current market value

of the position at $113,306, which reflects a gap of approximately $33,000 between the current authorized salary for the position and its corresponding market value. In

light of the current economic conditions, but with consideration that the board needs the ability to attract and retain talent to the executive director position, the board

requests a salary increase from $80,000 annually to $110,000 annually. This adjustment would reflect the technical competency needed to achieve the agency’s mandated

requirements at a level of quality its constituencies have come to expect. Additionally, the board requests that the authority in the executive director’s salary be

accompanied by a corresponding increase in the agency’s total appropriation for FY 2014-2015. In the board’s words: “The board is committed only to providing salary

increases to the incumbent executive director based on merit; any future increases must be based upon a thorough professional evaluation of the incumbent’s work

product in relation to stipulated high board expectations.

The PRB is a small agency with approximately 90% of the appropriations dedicated to staff salaries. Any additional cuts imposed would leave the agency in a precarious

position because it would have to reduce personnel, real people, not just authorized positions, which would directly affect service delivery. The exercise of preparing the

10% general revenue-related base reduction was a sobering challenge. Since the agency is already grappling with a limited budget, the inability to hold regional

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8/9/2012 8:30:56AM




educational seminars, little support for miscellaneous operating expenses, another 10% budget reduction appears likely to erode the agency’s ability to accomplish its

fundamental purpose of monitoring Texas public retirement systems on behalf of the Governor and Legislature as their tool to ensure the systems’ financial viability and

to protect the retirements of millions of Texans who are or have contributed into those systems.

We request base funding as well as the few noted exceptional items in order to maintain and improve every service we provide. We believe the State Pension Review

Board has been a responsible model for pension oversight, and we hope to be able to continue as a leader in that field.

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Texas Pension Review BoardOrganizational Chart

Updated March 2012The agency is allowed to have up to 13 FTEs. Due to budgetary constraints there is a Program Specialist position vacant that is not being shown.

Operational Analytical

Governor (Rick Perry)

January 2014

Speaker of the House of

Representatives (Joe Straus)

January 2013

Chair Richard

McElreathSecurities Investment

Term Expires01/31/2013

Andrew CableActive

MemberTerm Expires01/31/2013

Leslie Greco-Pool

SecuritiesInvestment


Vice ChairPaul BradenPension Law

Term Expires

01/31/2015

J. Robert Massengale

Retired Member


NormanParrish

Actuarial Science

Term Expires 01/31/2013

Wayne Roberts

Governmental Finance


Vicki TruittRepresentativeTerm Expires01/31/2011

John WhitmireSenator


State Pension Review Board

Executive Director(Christopher Hanson)

Administrative Assistant

(Madalene Allen)

Actuary(Daniel Moore)

Staff Services Officer(Lynda Baker)

Policy Division

Research Specialist(Emily Brandt)

Actuarial Division

Investment Division

Financial Analyst(Joey Evans)

ResearchSpecialist

(Steve Crone)

ResearchSpecialist

(Ashley Rendon)

Policy Analyst(Anumeha)

Lieutenant Governor(David Dewhurst)

January 2014

Data Division

Investment Analyst(Nick Ballard)

Administrative

Administrative Assistant

(Cathy Overton-Johns)Accountant

(John Perryman)

Accounting/Human Resources


Goal / Objective / STRATEGY Exp 2011 Est 2012 Bud 2013 Req 2014 Req 2015


8/9/2012 8:47:51AM


2.A. SUMMARY OF BASE REQUEST BY STRATEGY

1 Ensure Actuarially Sound Retirement Systems

1 Determine Actuarial Condition of All Public Retirement Systems

347,001347,002347,001347,709377,8051 RETIREMENT SYSTEM REVIEWS

2 Respond to Requests From Legislature and Public Retirement Systems

357,000357,000357,000347,525289,4441 TECHNICAL ASSISTANCE AND EDUCATION

$667,249TOTAL, GOAL 1 $695,234 $704,001 $704,002 $704,001

$667,249TOTAL, AGENCY STRATEGY REQUEST $695,234 $704,001 $704,002 $704,001

GRAND TOTAL, AGENCY REQUEST

TOTAL, AGENCY RIDER APPROPRIATIONS REQUEST* $0 $0

$704,001$704,002$667,249 $695,234 $704,001

Page 1 of 2


Goal / Objective / STRATEGY Exp 2011 Est 2012 Bud 2013 Req 2014 Req 2015


8/9/2012 8:48:19AM


2.A. SUMMARY OF BASE REQUEST BY STRATEGY

METHOD OF FINANCING:

General Revenue Funds:

1 General Revenue Fund 695,234 694,001 694,002 694,001659,649

$695,234 $694,001 $694,002 $694,001$659,649SUBTOTAL

Other Funds:

666 Appropriated Receipts 0 10,000 10,000 10,0007,600

$0 $10,000 $10,000 $10,000$7,600SUBTOTAL

TOTAL, METHOD OF FINANCING $667,249 $695,234 $704,001 $704,002 $704,001

*Rider appropriations for the historical years are included in the strategy amounts.

Page 2 of 2

Pension Review Board


Agency code: Agency name:338

METHOD OF FINANCING Exp 2011 Est 2012 Bud 2013 Req 2014 Req 2015


2.B. SUMMARY OF BASE REQUEST BY METHOD OF FINANCE 8/9/2012 8:48:40AM

GENERAL REVENUE

1 General Revenue Fund

REGULAR APPROPRIATIONS

Regular Appropriations from MOF Table (2010-11 GAA)

$692,968 $0 $0 $0 $0


$0 $694,002 $694,001 $694,002 $694,001

RIDER APPROPRIATION

Article IX, Sec. 18.15, Payments to DIR (2012-13 Biennium)

$0 $1,232 $0 $0 $0

Comments: Rebates received from DIR.

SUPPLEMENTAL, SPECIAL OR EMERGENCY APPROPRIATIONS

HB 4, 82nd Leg, Regular Session, Sec 1(a) General Revenue Reductions.

$(42,189) $0 $0 $0 $0

LAPSED APPROPRIATIONS


$(2,000) $0 $0 $0 $0

Page 1 of 4







GENERAL REVENUE

Comments: The agency had purchased some supplies that was anticipated to

arrive during FY11 but came in after the fiscal year that had to be paid out of FY

2012 budget.

UNEXPENDED BALANCES AUTHORITY

Art IX, Sec 14.03(j), Capital Budget UB (2010-11 GAA)

$10,870 $0 $0 $0 $0

General Revenue FundTOTAL,

$694,002 $694,001$694,001$695,234$659,649

$659,649

TOTAL, ALL GENERAL REVENUE

$695,234 $694,001 $694,002 $694,001

OTHER FUNDS

666 Appropriated Receipts



$10,000 $0 $0 $0 $0


$0 $10,000 $10,000 $10,000 $10,000

Comments: Conference was moved from June to October. No conference for

FY12.

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OTHER FUNDS

BASE ADJUSTMENT


$(2,400) $0 $0 $0 $0


$0 $(10,000) $0 $0 $0

Comments: Conference was moved from June to October. No conference for

FY12.

Appropriated ReceiptsTOTAL,

$10,000 $10,000$10,000$0$7,600

$7,600

TOTAL, ALL OTHER FUNDS

$0 $10,000 $10,000 $10,000

$667,249GRAND TOTAL $695,234 $704,001 $704,002 $704,001

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FULL-TIME-EQUIVALENT POSITIONS


Regular Appropriations from MOF Table

(2010-11 GAA)

13.0 0.0 0.0 0.00.0

Regular Appropriations from MOF Table

(2012-13 GAA)

0.0 13.0 12.0 12.013.0

UNAUTHORIZED NUMBER OVER (BELOW) CAP

Unuauthorized Number Below Cap (2.5) (1.0) 0.0 0.0(1.3)

10.5 11.7 12.0 12.0 12.0TOTAL, ADJUSTED FTES

0.0 0.0 0.0 0.0 0.0NUMBER OF 100% FEDERALLY FUNDED

FTEs

Page 4 of 4


OBJECT OF EXPENSE Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015


2.C. SUMMARY OF BASE REQUEST BY OBJECT OF EXPENSE 8/9/2012 8:50:45AM


$531,466 $599,774 $618,835 $618,835 $618,8351001 SALARIES AND WAGES

$25,001 $10,080 $15,200 $15,200 $15,2001002 OTHER PERSONNEL COSTS

$20,839 $13,705 $12,500 $12,500 $12,5002001 PROFESSIONAL FEES AND SERVICES

$6,233 $2,819 $3,000 $3,000 $3,0002003 CONSUMABLE SUPPLIES

$10,707 $8,053 $15,000 $15,000 $15,0002005 TRAVEL

$724 $1,079 $1,000 $1,000 $1,0002006 RENT - BUILDING

$19,014 $14,989 $15,000 $15,000 $15,0002007 RENT - MACHINE AND OTHER

$53,265 $44,735 $23,466 $23,467 $23,4662009 OTHER OPERATING EXPENSE

OOE Total (Excluding Riders) $667,249 $695,234 $704,001 $704,002 $704,001

OOE Total (Riders)

Grand Total $667,249 $695,234 $704,001 $704,002 $704,001

Page 1 of 1

Automated Budget and Evaluation system of Texas (ABEST)


Goal/ Objective / Outcome


Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015

2.D. SUMMARY OF BASE REQUEST OBJECTIVE OUTCOMES 8/9/2012 8:51:21AM



1 Percent of Systems That Are Actuarially SoundKEY

97.11 98.00 98.00 98.00 98.00% % % % %

2 Percent of Systems in Compliance with Reporting Requirements

50.69 90.00 90.00 90.00 90.00% % % % %


1 % of Legislative and System Requests Answered

100.00 100.00 100.00 100.00 100.00% % % % %

2 % of Seminar Attendees Satisfied

100.00 0.00 90.00 90.00 90.00% % % % %

3 % Admins, Trstees, & Mbrs of Tx Pub Pen Funds Satisfied w/Educ SvcsKEY

100.00 94.00 98.00 98.00 98.00% % % % %

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Priority GR/GR Dedicated All Funds GR Dedicated All FundsFTEs FTEs All FundsGR DedicatedItem

2014 2015 Biennium

GR and GR andGR and

Agency code: 338 Agency name: Pension Review Board



DATE: 8/9/2012

TIME : 8:52:01AM

2.E. SUMMARY OF EXCEPTIONAL ITEMS REQUEST

1 Regional Educational Seminars $12,000 $12,000 $12,000 0.00.0 $24,000 $24,000$12,000

2 Rider Language to Collect Funds $0 $0 $0 0.00.0 $0 $0$0

3 Funding for Staff Salaries $13,500 $13,500 $13,500 0.00.0 $27,000 $27,000$13,500

4 Restoration of Reduced Agency Funds $16,000 $16,000 $16,000 0.00.0 $32,000 $32,000$16,000

5 Executive Director Salary $30,000 $30,000 $30,000 0.00.0 $60,000 $60,000$30,000

$71,500 $71,500 0.0 $71,500 $71,500 0.0 $143,000 $143,000Total, Exceptional Items Request

Method of Financing

General Revenue $71,500 $71,500$71,500 $71,500 $143,000$143,000

General Revenue - Dedicated

Federal Funds

Other Funds

$71,500 $71,500 $71,500 $71,500 $143,000$143,000

Full Time Equivalent Positions 0.0 0.0

0.0 0.0Number of 100% Federally Funded FTEs

Page 1 of 1

Automated Budget and Evaluation System of Texas (ABEST)TIME : 8:52:30AM

DATE : 8/9/2012


2.F. SUMMARY OF TOTAL REQUEST BY STRATEGY


Base Base Exceptional Exceptional Total Request Total Request

2014 2015 2014 2015 2014 2015Goal/Objective/STRATEGY



$376,751$376,752$29,750$29,750$347,002 $347,0011 RETIREMENT SYSTEM REVIEWS

2 Respond to Requests From Legislature and Public Retirement System

398,750398,75041,75041,750357,000 357,0001 TECHNICAL ASSISTANCE AND EDUCATION

$704,002 $704,001 $71,500 $71,500 $775,502 $775,501TOTAL, GOAL 1

$704,001 $71,500 $71,500 $775,502 $775,501$704,002TOTAL, AGENCY

STRATEGY REQUEST

TOTAL, AGENCY RIDER

APPROPRIATIONS REQUEST

$704,002 $704,001 $71,500 $71,500 $775,502 $775,501GRAND TOTAL, AGENCY REQUEST

Page 1 of 2

Automated Budget and Evaluation System of Texas (ABEST)TIME : 8:52:37AM

DATE : 8/9/2012


2.F. SUMMARY OF TOTAL REQUEST BY STRATEGY


Base Base Exceptional Exceptional Total Request Total Request

2014 2015 2014 2015 2014 2015Goal/Objective/STRATEGY

General Revenue Funds:

$694,002 $694,001 $71,500 $71,5001 General Revenue Fund $765,502 $765,501

$694,002 $694,001 $71,500 $71,500 $765,502 $765,501

Other Funds:

10,000 10,000 0 0666 Appropriated Receipts 10,000 10,000

$10,000 $10,000 $0 $0 $10,000 $10,000

$704,002 $704,001 $71,500 $71,500TOTAL, METHOD OF FINANCING $775,502 $775,501

12.0 12.0 0.0 0.0 12.0 12.0FULL TIME EQUIVALENT POSITIONS

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Automated Budget and Evaluation system of Texas (ABEST)


Date : 8/9/2012

Time: 8:52:54AM

Goal/ Objective / Outcome


BL

2014

BL

2015

Excp

2014

Excp

2015

Total

Request

2015

Total

Request

2014

2.G. SUMMARY OF TOTAL REQUEST OBJECTIVE OUTCOMES



KEY 1 Percent of Systems That Are Actuarially Sound

%98.00 98.00% 98.00 98.00% %

2 Percent of Systems in Compliance with Reporting Requirements

%90.00 90.00% 90.00 90.00% %


1 % of Legislative and System Requests Answered

%100.00 100.00% 100.00 100.00% %

2 % of Seminar Attendees Satisfied

%90.00 90.00% 90.00 90.00% %

KEY 3 % Admins, Trstees, & Mbrs of Tx Pub Pen Funds Satisfied w/Educ Svcs

%98.00 98.00% 98.00 98.00% %

Page 1 of 1



8/9/2012 8:53:49AM3.A. STRATEGY REQUEST

1STRATEGY:

1 Determine Actuarial Condition of All Public Retirement SystemsOBJECTIVE:

1 Ensure Actuarially Sound Retirement SystemsGOAL:

CODE DESCRIPTION

05 A.2 B.3

Statewide Goal/Benchmark:

Service Categories:

Service: Age:Income:

8 9

Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015


Conduct Reviews of Texas Public Retirement Systems.

Output Measures:

107.00 200.00 100.00 100.00 100.001 Number of Compliance Actions Initiated

629.00 600.00 600.00 600.00 600.002 Number of Reviews CompletedKEY

Efficiency Measures:

33.64 60.00 60.00 60.00 60.00 %1 % Reports Filed within Time Frames After Non-compliance

Notice %%%%

Explanatory/Input Measures:

361.00 353.00 360.00 360.00 360.001 # Systems Registered with SPRB

180.68 199.60 170.00 200.00 200.002 Est Value of Investments Owned by Texas Retirement

Systems (Billions)

Objects of Expense:

1001 SALARIES AND WAGES $325,000$325,000$325,000$303,782 $325,660

1002 OTHER PERSONNEL COSTS $8,000$8,000$8,000$16,081 $9,580

2001 PROFESSIONAL FEES AND SERVICES $500$500$500$20,839 $1,230

2003 CONSUMABLE SUPPLIES $1,000$1,000$1,000$640 $1,321

2005 TRAVEL $7,000$7,000$7,000$603 $4,843

2006 RENT - BUILDING $500$500$500$0 $202

2007 RENT - MACHINE AND OTHER $2,000$2,000$2,000$14,080 $770

Page 1 of 7




1STRATEGY:



CODE DESCRIPTION

05 A.2 B.3


Service Categories:


8 9

Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



2009 OTHER OPERATING EXPENSE $3,001$3,002$3,001$21,780 $4,103

$347,709$377,805TOTAL, OBJECT OF EXPENSE $347,002 $347,001$347,001

Method of Financing:

General Revenue Fund1 $377,805 $347,709 $347,001 $347,002 $347,001

$347,709$377,805SUBTOTAL, MOF (GENERAL REVENUE FUNDS) $347,002 $347,001$347,001

TOTAL, METHOD OF FINANCE (INCLUDING RIDERS)

$377,805 $347,709 $347,001

$347,002 $347,001

FULL TIME EQUIVALENT POSITIONS: 6.0 6.0 6.0 6.0 6.0

TOTAL, METHOD OF FINANCE (EXCLUDING RIDERS) $347,001$347,002

The agency is mandated by Statute (Chapter 801, Government Code) to conduct a continuing review of Texas public retirement systems and to identify and study potential

problems affecting the systems. The agency will gather and analyze a substantial amount of financial and actuarial data on all public retirement systems in the state and will

make recommendations and provide technical assistance as needed. These efforts contribute directly to the statewide goal to support effective and efficient state

government operations.

STRATEGY DESCRIPTION AND JUSTIFICATION:

Page 2 of 7




1STRATEGY:



CODE DESCRIPTION

05 A.2 B.3


Service Categories:


8 9

Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



In order to improve public knowledge and promote transparency, the agency is partnering with the Comptroller of Public Accounts to post searchable pension information

on Comptroller's “Window on State Government” website. Additionally, the agency will be creating Webinars and continually expanding and improving its website to

provide educational services to its constituents in a cost efficient manner.

Note: The estimated value for investments owned by Texas public retirement systems is calculated using the total net market value of assets.

EXTERNAL/INTERNAL FACTORS IMPACTING STRATEGY:

Page 3 of 7




1STRATEGY:

2 Respond to Requests From Legislature and Public Retirement SystemsOBJECTIVE:


CODE DESCRIPTION

05 A.2 B.3


Service Categories:


8 9

Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015


Provide Technical Assistance; Issue Impact Statements; Educate

Output Measures:

56.00 0.00 100.00 0.00 100.001 Number of Impact Statements Issued

73.00 0.00 115.00 115.00 115.002 Number of Persons Participating in Annual Public Pension

Seminar

22.00 0.00 0.00 0.00 0.003 Number of Persons Participating in Regional Public Pension

Seminars

128.00 90.00 125.00 90.00 125.004 Number of Technical Assistance Reports Provided by StaffKEY

0.00 100.00 150.00 100.00 150.005 Number of Responses to Requests for Technical

Assistance

Objects of Expense:

1001 SALARIES AND WAGES $293,835$293,835$293,835$227,684 $274,114

1002 OTHER PERSONNEL COSTS $7,200$7,200$7,200$8,920 $500

2001 PROFESSIONAL FEES AND SERVICES $12,000$12,000$12,000$0 $12,475

2003 CONSUMABLE SUPPLIES $2,000$2,000$2,000$5,593 $1,498

2005 TRAVEL $8,000$8,000$8,000$10,104 $3,210

2006 RENT - BUILDING $500$500$500$724 $877

2007 RENT - MACHINE AND OTHER $13,000$13,000$13,000$4,934 $14,219

2009 OTHER OPERATING EXPENSE $20,465$20,465$20,465$31,485 $40,632

Page 4 of 7




1STRATEGY:



CODE DESCRIPTION

05 A.2 B.3


Service Categories:


8 9

Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



$347,525$289,444TOTAL, OBJECT OF EXPENSE $357,000 $357,000$357,000


General Revenue Fund1 $281,844 $347,525 $347,000 $347,000 $347,000

$347,525$281,844SUBTOTAL, MOF (GENERAL REVENUE FUNDS) $347,000 $347,000$347,000


666 Appropriated Receipts $7,600 $0 $10,000 $10,000 $10,000

$0$7,600SUBTOTAL, MOF (OTHER FUNDS) $10,000 $10,000$10,000

TOTAL, METHOD OF FINANCE (INCLUDING RIDERS)

$289,444 $347,525 $357,000

$357,000 $357,000

FULL TIME EQUIVALENT POSITIONS: 4.5 5.7 6.0 6.0 6.0

TOTAL, METHOD OF FINANCE (EXCLUDING RIDERS) $357,000$357,000

STRATEGY DESCRIPTION AND JUSTIFICATION:

Page 5 of 7




1STRATEGY:



CODE DESCRIPTION

05 A.2 B.3


Service Categories:


8 9

Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



Chapter 801, Government Code, mandates the Pension Review Board to provide information and technical assistance on pension planning to public retirement systems and

to recommend policies, practices, and legislation to the retirement systems and appropriate governmental entities. The PRB statute and House and Senate Rules require that

an actuarial impact statement be attached to all pension legislation prior to committee hearings. The agency will continue to serve as a central source of information on

developments in the field of public pensions.

As pension plan administrators face increasing pressure to meet their funding requirements, it becomes even more important that the Pension Review Board stay abreast of

investment options and funding mechanisms in order to provide the technical support these plans require.

With recent market conditions coupled with budget deficits across the nation, public pension issues have grown in their importance and effect on the general taxpaying

public. Many pension administrators and public officials are grappling with serious funding problems that threaten the fiscal health of public pension plans. Given the large

amount of public money involved, these factors have increased the need to respond to problems and issues in a timely and efficient manner, keep the Legislature and the

public informed, as well as provide assistance to the administrators and Board members of actuarially unsound plans.

EXTERNAL/INTERNAL FACTORS IMPACTING STRATEGY:

Page 6 of 7




$704,001$695,234$667,249METHODS OF FINANCE (EXCLUDING RIDERS):

$704,001$704,002$704,001$695,234$667,249OBJECTS OF EXPENSE:

$704,001$704,002

FULL TIME EQUIVALENT POSITIONS:

SUMMARY TOTALS:

METHODS OF FINANCE (INCLUDING RIDERS): $704,002 $704,001

12.012.012.011.710.5

Page 7 of 7

338

Excp 2014 Excp 2015


CODE DESCRIPTION

Agency code: Agency name:

8/9/2012DATE:

TIME: 8:54:12AM



4.A. EXCEPTIONAL ITEM REQUEST SCHEDULE

Item Name: Regional Educational Seminars

Item Priority: 101-02-01 Provide Technical Assistance; Issue Impact Statements; EducateIncludes Funding for the Following Strategy or Strategies:

OBJECTS OF EXPENSE:

CONSUMABLE SUPPLIES2003 500 500TRAVEL2005 11,000 11,000OTHER OPERATING EXPENSE2009 500 500

TOTAL, OBJECT OF EXPENSE $12,000 $12,000


1 General Revenue Fund 12,000 12,000

$12,000 $12,000TOTAL, METHOD OF FINANCING

DESCRIPTION / JUSTIFICATION:

The amount of this item is $24,000. The PRB requests additional funds to host quarterly regional seminars throughout the state. One of the agencies core duties involves

education, and as recommended in the Sunset Staff Report, the agency should develop and provide training that is accessible to all public retirement systems. Funding would

provide for one regional seminar each quarter, at different locations across the state. The agency would also make the presentations from the regional seminars available

online through the agency website. Topics will include: asset allocation, actuarial training, fiduciary duties, developing investment policies, due diligence and creating request

for proposals, plan design, federal and state law updates, GASB and pension accounting, and retiree preparation.

EXTERNAL/INTERNAL FACTORS:

Schedule 4.A Page 1 of 5

338

Excp 2014 Excp 2015


CODE DESCRIPTION


8/9/2012DATE:

TIME: 8:54:18AM




Item Name: Rider Language for the Agency to Collect Funds for Pension Training Conferences, Seminars, and Meetings

Item Priority: 201-02-01 Provide Technical Assistance; Issue Impact Statements; EducateIncludes Funding for the Following Strategy or Strategies:

OBJECTS OF EXPENSE:

CONSUMABLE SUPPLIES2003 0 0

TOTAL, OBJECT OF EXPENSE $0 $0


1 General Revenue Fund 0 0

$0 $0TOTAL, METHOD OF FINANCING


The agency requests rider language to allow for the collection of gifts and grants to fund conferences, seminars, and meetings. The agency requests the following rider

language “The State Pension Review Board is hereby authorized to receive gifts and grants to fund conferences, seminars, and meetings concerning pension related issues.

All funds collected shall be expended and accounted for pursuant to the provisions of Section 8.01. Acceptance of Gifts of Money, contained in Article IX, General

Provisions, of this Act. In addition, the State Pension Review Board is authorized to charge registration fees to pay expenses of a conference, seminar, or meeting related to

pension issues. Any registration fee or gift and grant collected by the Board to pay the expenses of a conference, seminar, or meeting may be used to pay the expenses of any

other conference, seminar, or meeting for which no registration fees were collected or for which registration fees collected were insufficient to cover the total expenses. All

funds received under this section are hereby appropriated to the State Pension Review Board for use as provided under this section.”



338

Excp 2014 Excp 2015


CODE DESCRIPTION


8/9/2012DATE:

TIME: 8:54:18AM




Item Name: Funding for Staff Salaries

Item Priority: 301-01-01 Conduct Reviews of Texas Public Retirement Systems.Includes Funding for the Following Strategy or Strategies:

01-02-01 Provide Technical Assistance; Issue Impact Statements; Educate

OBJECTS OF EXPENSE:

SALARIES AND WAGES1001 13,500 13,500






The amount of this item is $27,000 and represents approximately 2.5% of the agency’s classified salary base. The PRB requests additional funds to attract and retain talented

staff. For several years, the PRB has not had appropriate funding to retain talented employees and as a result, several individuals have left the agency for more lucrative offers

with PRB having no option to even partially match these other offers. This includes the former deputy executive director and staff actuary, two financial analysts, and two

research specialists.



338

Excp 2014 Excp 2015


CODE DESCRIPTION


8/9/2012DATE:

TIME: 8:54:18AM




Item Name: Restoration of Reduced Agency Funds



OBJECTS OF EXPENSE:







The biennial amount of this item is $32,000. The PRB requests this amount to restore the agency budget to its baseline prior to the general revenue cuts of the 2010-2011

biennium and to offset the one percent health care assessment required of state agencies for the 2012-2013 biennium. The PRB is a small agency with 90% of its budget

dedicated to salaries. Small reductions in the agency baseline, either through GR cuts or having to cover health care costs, pose a real challenge to the agency. The result of

the baseline reductions is the inability or significant time delay in filling vacant positions as well as keeping the staff level one FTE below what is authorized in the GAA.

Although not specifically requested here as a separate exceptional item since legislative funding recommendations for the 2014-15 biennium have not yet been prepared, if the

2012-13 baseline level is reduced in the bills as introduced, we request restoration of that funding as a top priority exceptional item if and when additional funds can be made

available during the drafting of the final 2014-15 general appropriations act.



338

Excp 2014 Excp 2015


CODE DESCRIPTION


8/9/2012DATE:

TIME: 8:54:18AM




Item Name: Increase the salary of the Executive Director



OBJECTS OF EXPENSE:







The biennial amount of this item is $60,000. The PRB requests an increase in the salary authorization and the necessary funds for the executive director from $80,000 annually

to $110,000 annually. This increase would make the executive director’s salary comparable to other executive director’s salaries in agencies with similar mission and staff size.

The State Auditor’s report in July 2010 titled “A Classification Study of Exempt Positions” listed the current market value of the position at $113,306. With consideration that

the board needs the ability to attract and retain a suitable executive director, the board members specifically request this salary increase. Additionally, the board requests that

the increase in the executive director’s salary be accompanied by a corresponding increase in the agency’s total appropriation for FY 2014-2015.




8:54:31AMTIME:

8/9/2012DATE:

Agency name:Agency code: 338 Pension Review Board

Excp 2014 Excp 2015


Code Description

4.B. EXCEPTIONAL ITEMS STRATEGY ALLOCATION SCHEDULE

Item Name: Regional Educational Seminars

Allocation to Strategy: Provide Technical Assistance; Issue Impact Statements; Educate1-2-1

OUTPUT MEASURES:

100.00100.00Number of Persons Participating in Regional Public Pension Seminars3

OBJECTS OF EXPENSE:


TRAVEL2005 11,000 11,000

OTHER OPERATING EXPENSE2009 500 500

$12,000$12,000TOTAL, OBJECT OF EXPENSE


General Revenue Fund1 12,000 12,000

$12,000$12,000TOTAL, METHOD OF FINANCING

FULL-TIME EQUIVALENT POSITIONS (FTE): 0.0 0.0

Page 1 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description


Item Name: Rider Language for the Agency to Collect Funds for Pension Training Conferences, Seminars, and Meetings.


OBJECTS OF EXPENSE:


$0$0TOTAL, OBJECT OF EXPENSE


General Revenue Fund1 0 0

$0$0TOTAL, METHOD OF FINANCING


Page 2 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description



Allocation to Strategy: Conduct Reviews of Texas Public Retirement Systems.1-1-1

OBJECTS OF EXPENSE:







Page 3 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description




OBJECTS OF EXPENSE:







Page 4 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description




OBJECTS OF EXPENSE:







Page 5 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description




OBJECTS OF EXPENSE:







Page 6 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description




OBJECTS OF EXPENSE:







Page 7 of 8


8:54:35AMTIME:

8/9/2012DATE:


Excp 2014 Excp 2015


Code Description




OBJECTS OF EXPENSE:







Page 8 of 8

CODE DESCRIPTION

STRATEGY:

OBJECTIVE:

GOAL:

1 Conduct Reviews of Texas Public Retirement Systems.



Agency Code: 338

Excp 2015Excp 2014

Agency name: Pension Review Board


98

B.3A.205

DATE: 8/9/2012

TIME: 8:54:58AM


Service Categories:

Service: Income: Age:

-

83rd Regular Session, Agency Submission, Version 14.C. EXCEPTIONAL ITEMS STRATEGY REQUEST

OBJECTS OF EXPENSE:

1001 SALARIES AND WAGES 29,750 29,750

Total, Objects of Expense $29,750 $29,750



Total, Method of Finance $29,750 $29,750

EXCEPTIONAL ITEM(S) INCLUDED IN STRATEGY:

Funding for Staff Salaries

Restoration of Reduced Agency Funds

Increase the salary of the Executive Director

Page 1 of 2

CODE DESCRIPTION

STRATEGY:

OBJECTIVE:

GOAL:

1 Provide Technical Assistance; Issue Impact Statements; Educate



Agency Code: 338

Excp 2015Excp 2014

Agency name: Pension Review Board


98

B.3A.205

DATE: 8/9/2012

TIME: 8:55:15AM


Service Categories:

Service: Income: Age:

-

83rd Regular Session, Agency Submission, Version 14.C. EXCEPTIONAL ITEMS STRATEGY REQUEST

OUTPUT MEASURES:

100.00 100.003 Number of Persons Participating in Regional Public Pension Seminars

OBJECTS OF EXPENSE:

1001 SALARIES AND WAGES 29,750 29,750

2003 CONSUMABLE SUPPLIES 500 500

2005 TRAVEL 11,000 11,000

2009 OTHER OPERATING EXPENSE 500 500

Total, Objects of Expense $41,750 $41,750



Total, Method of Finance $41,750 $41,750

EXCEPTIONAL ITEM(S) INCLUDED IN STRATEGY:

Regional Educational Seminars

Rider Language for the Agency to Collect Funds for Pension Training Conferences, Seminars, and Meetings.

Funding for Staff Salaries

Restoration of Reduced Agency Funds

Increase the salary of the Executive Director

Page 2 of 2

8/9/2012

Total

Strategy/Strategy Option/Rider

GR Total GR

Automated Budget and Evaluation System of Texas (ABEST) 8:55:32AMTIME:

DATE:

Agency code: Agency name: Pension Review Board

2014 Funds 2015 Funds Biennial

Cumulative GR

GR Baseline Request Limit = $1,389,235

Page #FTEs Ded FTEs Ded

Biennial

Cumulative Ded

GR-D Baseline Request Limit = $0


GENERAL REVENUE (GR) & GENERAL REVENUE DEDICATED (GR-D) BASELINE REPORT

Conduct Reviews of Texas Public Retirement Systems.Strategy: 1 - 1 - 1

0694,0030347,001347,0016.00347,002347,0026.0

Provide Technical Assistance; Issue Impact Statements; EducateStrategy: 1 - 2 - 1

01,388,0030347,000357,0006.00347,000357,0006.0

******GR Baseline Request Limit=$1,389,235******12.0 12.0

Regional Educational SeminarsExcp Item: 1

01,412,003012,00012,0000.0012,00012,0000.0

Strategy Detail for Excp Item: 1


00 12,00012,000 0.00.0 12,00012,000

Funding for Staff SalariesExcp Item: 3

01,439,003013,50013,5000.0013,50013,5000.0



00 6,7506,750 0.00.0 6,7506,750


00 6,7506,750 0.00.0 6,7506,750

Restoration of Reduced Agency FundsExcp Item: 4

01,471,003016,00016,0000.0016,00016,0000.0

Page 1 of 2

8/9/2012

Total

Strategy/Strategy Option/Rider

GR Total GR

Automated Budget and Evaluation System of Texas (ABEST) 8:56:52AMTIME:

DATE:


2014 Funds 2015 Funds Biennial

Cumulative GR

GR Baseline Request Limit = $1,389,235

Page #FTEs Ded FTEs Ded

Biennial

Cumulative Ded

GR-D Baseline Request Limit = $0


GENERAL REVENUE (GR) & GENERAL REVENUE DEDICATED (GR-D) BASELINE REPORT



00 8,0008,000 0.00.0 8,0008,000


00 8,0008,000 0.00.0 8,0008,000

Increase the salary of the Executive DirectorExcp Item: 5

01,531,003030,00030,0000.0030,00030,0000.0



00 15,00015,000 0.00.0 15,00015,000


00 15,00015,000 0.00.0 15,00015,000

$775,502 $765,502 $775,501 $765,50112.0 12.0$0 0

Page 2 of 2


Date:

Time: 8:58:04AM

8/9/2012


Pension Review BoardAgency:338Agency Code:

6.A. HISTORICALLY UNDERUTILIZED BUSINESS SUPPORTING SCHEDULE

COMPARISON TO STATEWIDE HUB PROCUREMENT GOALS

Statewide

HUB Goals

Procurement

Category

Total

Expenditures

FY 2011

HUB Expenditures FY 2011

Total

Expenditures

FY 2010

HUB Expenditures FY 2010

A. Fiscal Year 2010 - 2011 HUB Expenditure Information

% Goal % Actual Actual $ Actual $% Actual% Goal DiffDiff

$0$0$0$0Heavy Construction11.9% 0.0% 0.0%%0.0 %0.0 0.0%0.0%

$0$0$0$0Building Construction26.1% 0.0% 0.0%%0.0 %0.0 0.0%0.0%

$0$0$0$0Special Trade Construction57.2% 0.0% 0.0%%0.0 %0.0 0.0%0.0%

$0$0$0$0Professional Services20.0% 0.0% 0.0%%0.0 %0.0 0.0%0.0%

$32,045$6,875$61,447$38,449Other Services33.0% 62.6% 21.5%%33.0 %33.0 -11.5%29.6%

$50,797$5,129$103,768$42,311Commodities12.6% 40.8% 10.1%%12.6 %12.6 -2.5%28.2%

Total Expenditures $80,760 $165,215 $12,004 $82,842

Attainment:

The Agency attained or exceeded two of the four, or 50% of the applicable statewide HUB procurement goals in fiscal years 2010-2011.

B. Assessment of Fiscal Year 2010 - 2011 Efforts to Meet HUB Procurement Goals

48.9% 14.5%

Heavy Construction, Building Construction, Special Trade Construction, and Professional Services procurement categories are not applicable to agency's operations in

fiscal year 2010 or fiscal year 2011.

Applicability:

The agency's budget is 90% salary, which extremely limits discretionary acquisitions. There were several purchases that are not available from any other vendor, that

limited the agency’s flexibility to procure from HUB vendors.

Factors Affecting Attainment:

PRB will make a good faith effort to utilize HUBs in the procurement process of all goods and services; whenever applicable for any dollar amount. PRB will always

strive to achieve and exceed the HUB Statewide goals whenever possible.

"Good-Faith" Efforts:

Page 1 of 1


Automated Budget and Evaluation System of Texas (ABEST)Agency Code: Agency name:338 Pension Review Board

Act 2011FUND/ACCOUNT Exp 2012 Exp 2013 Bud 2014 Est 2015

6.E. ESTIMATED REVENUE COLLECTIONS SUPPORTING SCHEDULE

$0Beginning Balance (Unencumbered):Appropriated Receipts666

$0 $0 $0 $0

Estimated Revenue:

7,6003722 Conf, Semin, & Train Regis Fees 0 10,000 10,000 10,000

Subtotal: Actual/Estimated Revenue

Total Available

7,600 0 10,000 10,000 10,000

$7,600 $0 $10,000 $10,000 $10,000

Ending Fund/Account Balance $7,600 $0 $10,000 $10,000 $10,000

REVENUE ASSUMPTIONS:

CONTACT PERSON:

John Perryman

Page 1 of 1


Date: 8/9/2012

Time: 8:59:11AM83rd Regular Session, Agency Submission, Version 1

6I. PERCENT BIENNIAL BASE REDUCTION OPTIONS

10 % REDUCTION

Item Priority and Name/ Method of Financing 2014 2015 Biennial Total

REDUCTION AMOUNT

20152014

REVENUE LOSS

Biennial Total


TARGET

1 Baseline Reduction of First Five Percent

Category: Programs - Service Reductions (FTEs-Layoffs)

Item Comment: To achieve the necessary general revenue reduction of the first $69,462 for the 2014-2015 biennium, the PRB would eliminate one staff position, or

7.7% of the agency’s authorized FTE. Since current funding restraints already prevent the agency from filling one position, this additional reduction would under staff

PRB by 15.4% from the legislatively acknowledged preferred level of 13. Currently 90% of the budget is dedicated to salary, thus to achieve a reduction of 5%, the

agency must reduce its salary budget further. The impact on agency morale and service delivery would be significant. The loss of staff will further aggravate existing

workload excesses on remaining personnel. More importantly, a 5% reduction would reduce PRB’s ability to conduct timely analysis of the state’s public retirement

systems and erode the educational services provided by the agency.

Strategy: 1-1-1 Conduct Reviews of Texas Public Retirement Systems.

General Revenue Funds

$17,3661 General Revenue Fund $34,732$17,366$0 $0 $0

General Revenue Funds Total $17,366$17,366 $34,732$0$0 $0

Strategy: 1-2-1 Provide Technical Assistance; Issue Impact Statements; Educate




Item Total $34,731$34,731 $69,462$0$0 $0

FTE Reductions (From FY 2014 and FY 2015 Base Request) 1.0 1.0

2 Baseline Reduction of Second Five Percent

Category: Programs - Service Reductions (FTEs-Layoffs)

Page 1 of 2


Date: 8/9/2012

Time: 8:59:17AM83rd Regular Session, Agency Submission, Version 1

6I. PERCENT BIENNIAL BASE REDUCTION OPTIONS

10 % REDUCTION

Item Priority and Name/ Method of Financing 2014 2015 Biennial Total

REDUCTION AMOUNT

20152014

REVENUE LOSS

Biennial Total


TARGET

Item Comment: To achieve the necessary general revenue reduction of the second $69,462 for the 2014-2015 biennium, the PRB would eliminate a second staff

position, resulting in total understaffing for the 2014-15 biennium of 15.4%, or 23.1% off the legislatively acknowledged preferred level of 13. As already noted, the

agency currently has 90% of its budget dedicated to salary, thus to achieve a reduction of another 5% (10% total for the biennium) the agency would have to reduce

further its number of personnel. The impact would be severe and delay the implementation of services. The agency has been recommended for continued operation

with enhanced responsibilities by the Sunset staff (full Commission recommendation pending as of this writing). A reduction of 10% from the already eroded 2012-13

funding level would jeopardize the ability of the agency to fulfill its mission. Nonetheless, the board and staff are committed to doing the best we can to deliver

effective services at whatever level the Legislature and Governor deem necessary.

Strategy: 1-1-1 Conduct Reviews of Texas Public Retirement Systems.




Strategy: 1-2-1 Provide Technical Assistance; Issue Impact Statements; Educate




Item Total $34,731$34,731 $69,462$0$0 $0

FTE Reductions (From FY 2014 and FY 2015 Base Request) 1.0 1.0

General Revenue Total$69,462 $69,462 $138,924 $138,924

AGENCY TOTALS

$138,924Agency Grand Total $69,462 $69,462$0$0$0

Difference, Options Total Less Target

Agency FTE Reductions (From FY 2014 and FY 2015 Base Request) 2.02.0

Page 2 of 2



Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015


DATE: 8/9/2012

TIME : 8:59:44AM

Strategy

338

1-1-1


7.A. INDIRECT ADMINISTRATIVE AND SUPPORT COSTS

OBJECTS OF EXPENSE:

$ 20,354 $ 20,313 $ 20,313 $ 20,3131001 $18,986SALARIES AND WAGES

599 500 500 5001002 1,005OTHER PERSONNEL COSTS

77 31 31 312001 1,302PROFESSIONAL FEES AND SERVICES

83 63 63 632003 40CONSUMABLE SUPPLIES

303 438 438 4382005 38TRAVEL

13 31 31 312006 0RENT - BUILDING

48 125 125 1252007 880RENT - MACHINE AND OTHER

256 188 188 1882009 1,361OTHER OPERATING EXPENSE

$21,733 $21,689 $21,689 $21,689$23,612Total, Objects of Expense


General Revenue Fund1 23,612 21,733 21,689 21,689 21,689

$21,733 $21,689 $21,689 $21,689$23,612Total, Method of Financing

FULL TIME EQUIVALENT POSITIONS 0.8 0.8 0.8 0.8 0.8

Page 1 of 3



Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015


DATE: 8/9/2012

TIME : 8:59:48AM

Strategy

338

1-2-1



OBJECTS OF EXPENSE:

$ 17,132 $ 18,365 $ 18,365 $ 18,3651001 $14,230SALARIES AND WAGES

31 450 450 4501002 558OTHER PERSONNEL COSTS

780 750 750 7502001 0PROFESSIONAL FEES AND SERVICES

94 125 125 1252003 350CONSUMABLE SUPPLIES

201 500 500 5002005 632TRAVEL

55 31 31 312006 45RENT - BUILDING

889 813 813 8132007 308RENT - MACHINE AND OTHER

2,540 1,279 1,279 1,2792009 1,968OTHER OPERATING EXPENSE





FULL TIME EQUIVALENT POSITIONS 0.7 0.7 0.7 0.7 0.7

Page 2 of 3


Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015


DATE: 8/9/2012

TIME : 8:59:48AM

338



GRAND TOTALS

Objects of Expense

1001 SALARIES AND WAGES $33,216 $38,678$37,486 $38,678 $38,678

1002 OTHER PERSONNEL COSTS $1,563 $950$630 $950 $950

2001 PROFESSIONAL FEES AND SERVICES $1,302 $781$857 $781 $781

2003 CONSUMABLE SUPPLIES $390 $188$177 $188 $188

2005 TRAVEL $670 $938$504 $938 $938

2006 RENT - BUILDING $45 $62$68 $62 $62

2007 RENT - MACHINE AND OTHER $1,188 $938$937 $938 $938

2009 OTHER OPERATING EXPENSE $3,329 $1,467$2,796 $1,467 $1,467

$41,703 $43,455 $44,002 $44,002 $44,002Total, Objects of Expense

Method of Financing

1 General Revenue Fund $41,703 $44,002$43,455 $44,002 $44,002

$41,703 $43,455 $44,002 $44,002 $44,002Total, Method of Financing

Full-Time-Equivalent Positions (FTE) 1.5 1.5 1.5 1.5 1.5

Page 3 of 3



Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



DATE: 8/9/2012TIME : 9:00:02AM

Strategy

338

1-1-1

7.B. DIRECT ADMINISTRATIVE AND SUPPORT COSTS

OBJECTS OF EXPENSE:

$305,306 $304,687 $304,687 $304,6871001 $284,796SALARIES AND WAGES

8,981 7,500 7,500 7,5001002 15,076OTHER PERSONNEL COSTS

1,153 469 469 4692001 19,537PROFESSIONAL FEES AND SERVICES

1,238 937 937 9372003 600CONSUMABLE SUPPLIES

4,540 6,562 6,562 6,5622005 565TRAVEL

189 469 469 4692006 0RENT - BUILDING

722 1,875 1,875 1,8752007 13,200RENT - MACHINE AND OTHER






5.2 5.2 5.2 5.2 5.2FULL-TIME-EQUIVALENT POSITIONS (FTE):

Page 1 of 3



Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



DATE: 8/9/2012TIME : 9:00:10AM

Strategy

338

1-2-1


OBJECTS OF EXPENSE:

$256,982 $275,470 $275,470 $275,4701001 $213,454SALARIES AND WAGES

469 6,750 6,750 6,7501002 8,362OTHER PERSONNEL COSTS

11,695 11,250 11,250 11,2502001 0PROFESSIONAL FEES AND SERVICES

1,404 1,875 1,875 1,8752003 5,243CONSUMABLE SUPPLIES

3,009 7,500 7,500 7,5002005 9,472TRAVEL

822 469 469 4692006 679RENT - BUILDING

13,330 12,187 12,187 12,1872007 4,626RENT - MACHINE AND OTHER





Appropriated Receipts666 7,600 0 10,000 10,000 10,000


5.0 5.3 5.3 5.3 5.3FULL-TIME-EQUIVALENT POSITIONS (FTE):

Page 2 of 3


Exp 2011 Est 2012 Bud 2013 BL 2014 BL 2015



DATE: 8/9/2012TIME : 9:00:10AM

338


GRAND TOTALS

Objects of Expense

1001 SALARIES AND WAGES $498,250 $580,157$562,288 $580,157 $580,157

1002 OTHER PERSONNEL COSTS $23,438 $14,250$9,450 $14,250 $14,250

2001 PROFESSIONAL FEES AND SERVICES $19,537 $11,719$12,848 $11,719 $11,719

2003 CONSUMABLE SUPPLIES $5,843 $2,812$2,642 $2,812 $2,812

2005 TRAVEL $10,037 $14,062$7,549 $14,062 $14,062

2006 RENT - BUILDING $679 $938$1,011 $938 $938

2007 RENT - MACHINE AND OTHER $17,826 $14,062$14,052 $14,062 $14,062

2009 OTHER OPERATING EXPENSE $49,936 $21,999$41,939 $21,999 $22,000

$625,546 $651,779 $659,999 $660,000 $659,999Total, Objects of Expense

Method of Financing

1 General Revenue Fund $617,946 $649,999$651,779 $649,999 $650,000

666 Appropriated Receipts $7,600 $10,000$0 $10,000 $10,000

$625,546 $651,779 $659,999 $660,000 $659,999Total, Method of Financing

10.2 10.5 10.5 10.5 10.5Full-Time-Equivalent Positions (FTE)

Page 3 of 3

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