Loading...
HomeMy WebLinkAboutExhibitGESE Retirement Trust City of Miami, GESE Retirement Trust Excess Budget Template EXCESS BUDGET 201&19 Prepared by EH 7/31/2018 FY 2014-15 Actual FY 2015-16 Actual FY 2016-17 Actual FY 2017-18 Budget FY 2017-18 Projection FY 2018-19 Proposed Difference Approved budget Approved budget $109,307 $116,307 $116,307 $115,707 $115,707 $112,477 -3% Approved Budget Grand Total $109,307 $116,307 $116,307 $115,707 $115,707 $112,477 Expenditures 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2018 9/30/20191 1% Regular Salary and Wages $42,822 $42,822 $36,865 $36,045 $36,045 $36,045 0% Fringe Benefits - FICA Taxes $4,282 $4,282 $3,820 $3,732 $3,732 $3,067 -18% Retirement Contributions - Life and Health Insurance _ Workers' Compensation _ Professional Services- Legal $0 $0 $7,000 $5,000 $5,000 $5,000 0% Professional Services $30,620 $35,275 $25,048 $42,150 $42,150 $44,135 5% Accounting and. Auditing $1,500 $1,500 $1,500 0% Other Contractual Services/ Medical advisors Travel and Per Diem - Communications and Related Services $400 $400 $300 $300;;$300 $300 0% Postage $250 $250 $150 $150 $150 $150 0% Utility $280 $280 $280 $230 $230 $230 0% Rentals and Leases $400 $400 $300 $300 $300 $300 0% Repair and Maintenance Services $16,824 $16,824 $22,650 $22,650 $22,650 $18,100 -20% Printing and Binding $750 $750 $750 $750 $750 $750 0% Advertising and Related Costs $0 $0 $50 $50 $50 $50 0% Office Supplies $450 $450 $600 $600 $600 $600 0% Operating Supplies - Motor Fuel Public Safety Supplies Subscriptions, Memberships, and Licenses Insurance $1,000 $1,000 $1,700 $1,800 $1,800 $1,800 0% Machineray and Equipment - Insurance deductbile incase of loss/ ex:Hurricane - Depreciation $450 $450 $450 $450 $450 $450 0% Budget Reserve I - Grand Total $98,5281 $103,1831 $99,963 $115,7071 $115,707 $112,477 -39/6 EXCESS BUDGET 201&19 Prepared by EH 7/31/2018 Excess Benefit Budget Approved At The Board of Trustees Meeting on March 23, 201$ For the fiscal year ending September 30, 2019 Personnel Services 512000 Salaries & Fringe Benefits - Based on expected cost of excess benefit salaries (5% of GESE's Budget; 512000 Salaries (GESS-Staff Excess Plan) - Based on expected cost of excess benefit salaries (GESE's Budget; 521000 Payroll Tax Expense - Based on 10%d of Excess Salary expenditure Professional Services 531000 Consulting Actuary Fee per contract for Excess actuarial valuation Special Projects(Not based on GESE's Budget) GASB 67 & 68 531000 Auditing Services Financial Statements (1% of GESE's budget) Annual CAFR 531000 Other Services -Bank Service Fees 531000 Computer Specialists - 5% of GESFs budget 531010 Legal Fees - 5% RAS -Attorney's fees Office & Administrative 541000 Communications & related services - Local, long distance, intemet and cell phone service - I% of GESE's budge 541100 Postage - Based on estimated amount (I% of GESE's Budget) 547100 Printing & Binding - Outsourcing - Based on 5% of GESE's Budget 548100 Advertising & Related Costs -Based on I% of GESE's Budget 551000 Office Supplies & Meeting Expenses -Amount based on I% of GESE's budget Insurance & Oecuaancv 545000 Insurance - Commercial property & liability - Based on estimated amount and 1% of GESE's budget 545000 Insurance - Fidelity & Fiduciary - Based on 1 % of GESE's Budget 543000 Utility Services - Electricity, water, sewer & garbage based on I% of GESE's Budgei 544000 Rentals & Leases - Based on estimated amount and I% of GESE's budget 546000 Repair & Maintenence Services IT Repairs & Customizations (Pension -Accounting -Servers; Based on 3%ofGESE's Building Maintenance 559000 Bldg Use Allowance I Depreciation - Use of GES£ building based on 1% of GESE's Budget TOTAL ADMINISTRATIVE COSTS r,, -.H dg�t201K-i9 EXCESS BUDGET 1 2017/2018 2018/2019 j°fx1ms Board Approved Board Approved Budzet Budget 535,045 $35,045 $1000 $1,000 $5,150 $5,150 $5,000 $5,000 $300 $300 $150 $150 $750 $750 $50 $50 $600 5600 $550 $550 $1,250 $1,250 $230 $230 $300 $300 10,600 7,500 I TT00 $22,650 $18,100 $450 $450 $115,707 5112,477 31/, EH 51172018 4..-32 PM $3,732 $3,067 25,000 $37,000 537,000 5,000 7,000 750 $1,500 $1,500 750 1,5U $0 $1,985 $5,150 $5,150 $5,000 $5,000 $300 $300 $150 $150 $750 $750 $50 $50 $600 5600 $550 $550 $1,250 $1,250 $230 $230 $300 $300 10,600 7,500 I TT00 $22,650 $18,100 $450 $450 $115,707 5112,477 31/, EH 51172018 4..-32 PM