TEXAS PENSION REVIEW BOARD

Transcription

1 TEXAS PENSION REVIEW BOARD

2 CER TIFICATE Agency Name Texas Pension Review Board This is to certify that the infonnation contained in the agency operating budget filed with the Legislative Budget Board (LBB) and the Governor's Office of Budget, Planning and Policy (GOBPP) is accurate to the best ofmy knowledge and that the electronic submission to the LBB via the Automated Budget and Evaluation System oftexas (ABEST) and the bound paper copies are identical.. Additionally, should it become likely at any time that unexpended balances will accrue for any account, the LBB and the GOBPP will be notified in writing in accordance with Article IX, Section 7.01 ( GAA). Chief Executive Office or Presiding Judge d or qommission C.~.".- "f-1("' ~~-, D""\...'" r.,..,... t:/. Signature iignature Christopher D. Hansoh Printed Name Executive Director Title Richard E. McElreath Printed Name Chair Title November 24, 2009 November 24; 2009 Date Date Chief Financial Officer ~~~ SignatuV-: 1.-. V Benjamin P. Armendariz Printed Name Accountant Title November 24, 2009 Date IA Page 1

3 Operating Budget for Fiscal Year 2010 Submitted to the Governor's Office ofbudget, Planning and Policy and the Legislative Budget Board by The State Pension Review Board

4 Table ofcontents Texas Pension Review Board Fiscal Year Operating Budget I. A. Certificate ofdual Submission I.A. Page 1 I. B Cover & Title Sheet LB. Page 1 II. A. Summary ofbudget by Strategy...ILA. Page 1 II. B. Summary ofmethod offinance ILB. Page 1 II. C. Summary ofbudget by Object ofexpense...1i.c. Page 1 II. D. Summary ofobjective Outcomes...II. D.Pagel lila. Strategy Level DetaiL...IILA.Pagel IV.A. Capital Budget Project Schedule...IV.A.Pagel Capital Budget Allocation to Strategies IV.D. Estimated Revenue Collections Supporting Schedule...IV.D.Page 1

5 Agency code: 338 Agency name: Pension Review Board II.A. SUMMARY OF BUDGET BY STRATEGY 81 st Regular Session, Fiscal Year 2010 Operating Budget DATE: 11/19/2009 TIME: 9:12:15AM GoallObjectivelSTRATEGY EXP2008 EXP2009 BUD Ensure ActuariaUy Sound Retirement Systems 1 Determine Actuarial Condition o/all Public Retirement Systems 1 RETIREMENT SYSTEM REVIEWS $402,082 $405,357 $407,424 2 Respond to Requests From Legislature and Public Retirement Systems 1 TECHNICAL ASSISTANCE AND EDUCA non $311,774 $3]0,943 $345,544 TOTAL, GOAL 1 $713,856 $716,300 $752,968 II.A. Page I of2

6 Agency code: 338 Agency name: Pension Review Board II.A. SUMMARY OF BUDGET BY STRATEGY 81st Regular Session, Fiscal Year 20 I 0 Operating Budget Automated Budget and Evaluation System of Texas (ABEST) DATE: 11119/2009 TIME: 9:12:21AM Goal/ObjectivelSTRATEGY EXP2008 EXP2009 BUD 2010 General Revenue Funds: 1 General Revenue Fund Other Funds: 662 State Pension Review Bd 666 Appropriated Receipts $680,240 $682,759 $742,968 $680,240 $682,759 $742,968 $22,316 $11,300 $33,616 $22,316 $11,225 $33,541 $10, _._ $10,000 TOTAL, METHOD OF FINANCING $713,856 $716,300 $752,968 FULL TIME EQUIVALENT POSITIONS I1.A. Page 2 of2

7 -~--,~,- II.B. SUMMARY OF BUDGET BY METHOD OF FINANCE DATE: 11/19/ st Regular Session, Fiscal Year 2010 Operating Budget TIME: 9:12:58AM Agency code: 338 Agency name: Pension Review Board METHOD OF FINANCING Exp2008 Exp2009 Bud _.._..._-- GENERAL REVENUE 1 General Revenue Fund REGULAR APPROPRIATIONS $684,373 $658,561 $742,968. TRANSFERS Art IX, Sec 19.62(a), Salary Increase ( GAA) HB 4586, Sec 89, Retention Payments $5,978 $16,786 $8,800 LAPSED APPROPRIATIONS Regular Appro $(lo,lll) $(1,388) TOTAL, General Revenue Fund $680,240 $682,759 $742,968 TOTAL, ALL GENERAL REVENUE $680,240 $682,759 $742,968 OTHER FUNDS 662 State Pension Review Board Fund No. 662 REGULAR APPROPRIATIONS TOTAL, State Pension Review Board Fund No. 662 $22,316 $22, Appropriated Receipts RIDER APPROPRIATION Art IX, Sec 8.08, Seminars and Conferences ( GAA) $11,300 $11,225 II.B. Page I of2

8 II.B. SUMMARY OF BUDGET BY METHOD OF FINANCE DATE: 11/19/ st Regular Session, Fiscal Year 2010 Operating Budget TIME: 9:13:05AM Agency code: 338 Agency name: Pension Review Board METHOD OF FINANCING _Ex~2_0_0_8 ~E~x~p.~20~0_9 Bud 20]0 Art IX, Sec 8.08, Seminars and Conferences ( GAA) TOTAL, Appropriated Receipts 511,300 $11, ,000 TOTAL, ALL OTHER FUNDS $33, ,541 5]0,000 GRAND. TOTAL 5713,856 57]6,300 $752,968 FULL-TIME-EQUIVALENT POSITIONS TOTAL, ADJUSTED FTES flfumber OF 1000/0 FEDERALLY FUNDED FTEs I1.B. Page 2 of2

9 DATE: 11/ II.C. SUMMARY OF BUDGET BY OBJECT OF EXPENSE 81 st Regular Session, Fiscal Year 2010 Operating Budget TIME: 9: 12:40AM Automated Budget and Evaluation System of Texas (ABEST) Agency code: 338 Agency name: Pension Review Board OBJECT OF EXPENSE EXP2008 EXP2009 BUD SALARIES AND WAGES $505,898 $570,973 $630, OTHER PERSONNEL COSTS $38,528 ',. "~ $12,913 $11, PROFESSIONAL FEES AND SERVICES $45,665 $18,527 $69, CONSUMABLE SUPPLIES $5,638 $6,448 $3, UTILITIES $1, TRAVEL $14,209 $17,324 $15, RENT - BUILDING $559 $3,158 $ RENT - MACHINE AND OTHER $19,629 $18,274 $5, OTHER OPERATING EXPENSE. $82,629 $68,683 $18,087 Agency Total $713,856 $716,300 $752,968 II.C. Page 1 of 1

10 Date: SUMMARY OF OBJECTIVE OUTCOMES 81 st Regular Session, Fiscal Year 20 I 0 Operating Budget Time: II:06:48AM Automated and Evaluation system oftexas (ABEST) ~.--.~ ~ ~ ~-~ ~.-.--~.- - -_ _ Agency code: 338 Agency name: Pension Review Board GoaV Objective I OUTCOME Exp2008 Exp2009 Bud2010 I Ensure Actuarially Sound Retirement Systems I Determine Actuarial Condition ofall Public Retirement Systems KEY 1 Percent of Systems That Are Actuarially: Sound 99.0Q % % % 2 Percent of Systems in Compliance with 'Reporting Requirements % % % 2 Respond to Requests From Legislature and Public Retirement Systems.1 % of Legislative and System Requests Answered % % % 2 % ofseminar Attendees Satisfied % % % KEY 3 Percent of Plan Administrators Satisfied with PRB Educational Services % % % Page 1 of I

11 Agency code: 338 Agency name: Pension Review Board n.d. SUMMARY OF OBJECTIVE OUTCOMES 81 st Regular Session, Fiscal Year 2010 Operating Budget Automated and Evaluation oftexas Date: 11130/2009 Time: 12:58:38PM GoaV Objective I OUTCOME Exp2008 Exp2009 Bud Ensure Actuarially Sound Retirement Systems I Determine Actuarial Condition ofall Public Retirement Systems KEY l.i.:'ercent of Systems That Are Actuarially Sound % 2~.00 % % i Percent ofsystems in Compliance with Reporting Requirements % % % 2 Respond to Requests From Legislature and Public Retirement Systems 1 % of Legislative and System Requests Answered % % % 2 % of Seminar Attendees Satisfied % % %.KEY 3 Percent of Plan Administrators Satisfied with PRB Educational Services % % % II.D. Page 1 of I

12 III.A. STRATEGY LEVEL DETAIL 81 st Regular Session, Fiscal Year 2010 Operating Budget DATE: TIME: 11119/2009 9: 1 2:26AM ' ~~ Agency code: _ 338 Agency name: Pension Review Board GOAL: Ensure Actuarially Sound Retirement Systems Statewide GoallBenchmark: 8 9 OBJECTIVE: Detennine Actuarial Condition ofall Public Retirement Systems Service Categories: STRATEGY: Conduct Re~lews oftexas Public Retirement Systems. Service: 05 Income: A.2 Age: 8.3 CODE DESCRIPTION EXP2008 EXP2009 BUD 2010 Objects of Expense: 100\ SALARIES AND WAGES 1002 OTHER PERSONNEL COSTS 2001 PROFESSIONAL FEES AND SERVICES 2003 CONSUMABLE SUPPLIES 2004 UTILITIES 2005 TRAVEL 2006 RENT - BUILDING 2007 RENT - MACHINE AND OTHER 2009 OTHER OPERATING EXPENSE TOTAL, OBJECT OF EXPENSE $252,949 $36,381 $39,988 $4,939 $1,101 $6,774 $80 $14,914 $44,956 $402,082 $289,887 $12,913 $18,225 $4,481 $7,616 $35 $14,401 $57,799 $405,357 $344,095 $11,860 $35,000 $3,000 $500 $5,000 $7,969 $407,424 Method of Financing: 1 General Revenue Food SUBTOTAL, MOF (GENERAL REVENUE FUNDS) $379,766 $379,766 $383,041 $383,041 $407,424 $407,424 Method of Financing: 662 State Pension Review Bd SUBTOTAL, MOF (OTHER FUNDS) $22,316 $22,316 $22,316 $22,316 TOTAL, METHOD OF FINANCE: $402,082 $405,3~7 $407,424 FULL TIME EQUIVALENT POSITIONS: lila. Page 1 of3

13 III.A. STRATEGY LEVEL DETAIL 81st Regular Session, Fiscal Year 2010 Operating Budget DATE: TIME: 11/19/2009 9: 12:32AM Agency code: 338 Agency name: Pension Review Board GOAL: OBJECTIVE: 2 Ensure Actuarially Sound Retirement Systems Respond to Requests From Legislature and Public Retirement Systems Statewide GoallBenchmark: Service Categories: 8 9 STRATEGY:- Provide Technical Assistance; Issue Impact Statements; Educate Service: 05,'1ncome: A.2 Age: B.3 CODE DESCRIPTION EXP2008 EXP2009 BUD 2010 Objects of Expense: 1001 SALARIES AND WAGES 1002 OTHER PERSONNEL COSTS 2001 PROFESSIONAL FEES AND SERVICES 2003 CONSUMABLE SUPPLIES 2004 UTILITIES 2005 TRAVEL 2006 RENT ~ BUILDING 2007 RENT - MACHINE AND OTHER 2009 OTHER OPERATING EXPENSE TOTAL, OBJECT OF EXPENSE $252,949 $2,147 $5,677 $699 $7,435 $479 $4,715 $37,673 $311,774 $281,086 $302 $1,967 $9,708 $3,123 $3,873 $10,884 $310,943 $286,426 $34,000 $15,000 $10,118 $345,544 Method of Financing: 1 General Revenue Fund SUBTOTAL, MOF (GENERAL REVENUE FUNDS) $300,474 $300,474 $299,718 $299,718 $335,544 $335,544 Method of Financing: 666 Appropriated Receipts SUBTOTAL, MOF (OTHER FUNDS) $11,300 $11,300 $11,225 $11,225 $10,000 $10,000 TOTAL, METHOD OF FINANCE: $311,774 $310,943 $345,544 FULL TIME EQUIVALENT POSITIONS: III.A. Page 2 of3

14 III.A. STRATEGY LEVEL DETAIL 81st Regular Session, Fiscal Year 2010 Operating Budget DATE: 11119/2009 TIME: 9:12:32AM SUMMARY TOTALS: _._._ ~ OBJECTS OF EXPENSE: $713,856 $716,300 $752,968 METHODS OF FINANCE: $713,856 $716,300 $752,968 FULL TIME EQUIVALENT POSITIONS: lila. Page 3 of3

15 ----.~..---~-. IVA CAPITAL BUDGET PROJECT SCHEDULE DATE: 11119/ st Regular Session, Fiscal Year 2010 Operating Budget TIME: 9:13:20AM -<~-.<.-<---.~~<--.~ ~-.<---~ ~-~--~--- --~---~.--~.<-- Agency code: 338 Agency name: Pension Review Board Category Code I Category Name. Project Sequence/Project Idl Name OOE ITOF I MOF CODE EXP2008 EXP2009 BUD Acquisition of Information Resource Technologies 1/1 New..Database OBJECTS OF EXPENSE Capital 2001 PROFESSIONAL FEES AND SERVICES Capital Subtotal OOE, Project < $60, $60,000 Subtotal OOE, Project $60,000 TYPE OF FINANCING Capital CA I General Revenue Fund $60, Capital Subtotal TOF, Project $60, ,~---.~--~.~-.-< <~< Subtotal TOF, Project $60,000 Capital Subtotal, Category 5005 $60,000 Informational Subtotal, 5005 ~~\~?e'ategory 5005 $60,000 AGENCY TOTAL -CAPITAL $60,000 AGENCY TOTAL -INFORMATIONAL AGENCY TOTAL $60,000 METHOD OF FINANCING: Capital 1 General Revenue Fund $60,000 Total, Method offinancing~capital $60,000 Total, Method of Financing $60,000 --< ~ IV.A. Page I of2

16 Agency code: 338 Agency name: Pension Review Board IV.A. CAPITAL BUDGET PROJECT SCHEDULE DATE: 11/19/2009 8lst Regular Session, Fiscal Year2010 Operating Budget TIME: 9: 13:27 AM ~.----.~.~ Category Code' Category Name Project Sequence/Project ldl Name OOE 'TOF 'MOF CODE 2008 EXP2009 BUD TVPE OF FINANCING: Capital CA CURRENT APPROPRIATIONS $60,000 Total, Type offinancing-capital $60,000 Total,Type of Financing $60,000 IV.A. Page 2 of2

17 CAPITAL BUDGET ALLOCATION TO STRATEGIES 81 st Regular Session, Fiscal Year Operating Budget DATE: TIME: 11119/2009 9:13:31AM ~ Agency code: 338 Agency name: ~~.--- Pension Review Board Category CodelName Project Sequence/Project IdlName Str.9te(,V Name EXP2008 EXP2009 BUD Acquisition of Information Resource Technologies 111 New Database Capital RETIREMENT SYSTEM REVIEWS o o $30,000 Capital TECHNICAL ASSISTANCE AND EDUCATION o o 30,000 TOTAL, PROJECT TOTAL CAPITAL, ALL PROJECTS $60,000 TOTAL INFORMATIONAL, ALL PROJECTS TOTAL, ALL PROJECTS $60,000 Page 1 of I

18 Agency Code: 338 IV.D. ESTIMATED REVENUE COLLECTIONS SUPPORTING SCHEDULE 81 st Regular Session, Fiscal Year 2010 Operating Budget Agency name: Pension Review Board DATE: TIME: 11/20/2009 9:27:00AM FUND/ACCOUNT Exp2008 Exp2009 Bud Appropriated Receipts Beginning Balance (Unencumbered): Estimated Revenue: 3722 Conf, Semin, & Train RegisFees 11,300 11,225 10,000 Subtotal: Estimated Revenue 11,300 11,225 10,000 Total Available $11,300 $11,225 $10,QOO Ending Fund/Account Balance $11,300 $11,225 $10,000 REVENUE ASSUMPTIONS: CONTACT PERSON: Ben Armendariz IV.D. Page 1 of 1