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HomeMy WebLinkAboutExhibitGESE Retirement Trust City of Miami, etirement Trust Excess Budget Template Excess Budget Final For Commissioners FY 2011-12 Actual FY 2012-13 Actual FY 2013-14 Actual FY 2014-15 Budget ' FY 2015-16 Proposed Approved budget Approved budget $114,661 $109,307 $109,307 $109,307 $116,307 Approved Budget Grand Total $114,661 $109,307 .. $109;307 $109,307' $116,307 Expenditures 9/30/2012 . 9/30/2013 9/30/2014 9/30/2015 9/30/2015 Regular Salary and Wages $45,788 $42,822 $42,822 $42,822 $42,822 Fringe Benefits FICA Taxes $4,579 $4,282 $4,282 $4,282 $4,282 Retirement Contributions Life and Health Insurance $2,076 Workers' Compensation Professional Services - Legal $6,000 $6,000 $6,000 Professional Services $25,546 $26,315 $35,350 $35,350 $42,350 Accounting and Auditing Other Contractual Services/ Medical advisors Travel and Per Diem Communications and Related Services $400 $400 $400 $400 Postage $250 $250 $250 $250 Utility $280 $280 $280 $280 $280 Rentals and Leases $40 $400 $400 $400 Repair and Maintenance Services $18,324 $16,824 $16,824 $16,824 $16,824 Printing and Binding $450 $750 $750 $750 Advertising and Related Costs $400 $50 $50 $50 Office Supplies $450 $400 $450 $450 $450 Operating Supplies $1,600 Motor Fuel Public Safety Supplies Subscriptions, Memberships, and Licenses Insurance $1,600 $250 $1,000 $1,000 $1,000 Machineray and Equipment $5,000 Insurance deductbile incase of loss/ ex:Hurricane Depreciation $450 $450 $450 $450 $450 Budget Reserve Grand Total .:.:..; ; .., ,.. , .: °. : $104,783 ': • ' $94,073 .,. .:, '$109,307 " $109,307 " $116,307 difference $9,878 $15,234.00 $0.00 $0 so R:\NewEdgard\GESE\BUDGET\City of Miami Outside Agency Budget Forml5. dA/23/20155:31 PM CITY OF MIAMII GENERAL EIYMPLOYIEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST Excess Benefit Budget Approved At The Board of Trustees Meeting on March 20, 2015 For the liven! year ending September 30, 2016 2014/2015 2015/2016 Board Board Personnel Service Approved Approved 512000 Salaries & Fringe Benefits Budget Budget - Based on expected cost of excess benefit salaries (5% of GESE's Budget) $42,822 $42,822 521000 Payroll Tax Expense - Bused on 10% of Excess Salary expenditure (Nothing to do with GESE) 4,282 4,282 ,Professional Services 531000 Consulting Actuary - Fee per contract for Excess aotuarial valuation 25,000 Special Projects(NotbasedonGESE Budget) 5,000 10,000 37,000 GASH 67 7,000 531000 Computer Specialists - 5% of GESE's budget 5,350 5,350 531010 Legal Fees - 6% Ronald Silver attorney fees 6,000 6,000 Office &„Adminigrg ive, 541000 Communications & related services - Local, long distance, Internet and cell phone service -1% of GESE's budget 400 400 541100 Postage -Bases on estimated amount (1%ofGESE's Budget) 250 250 547100 Printing & Binding - Outsourcing Based on 5% of GESE's Budget 750 750 548100 Advertising & Refitted Costs - Based on 1% of GESE Budget 50 50 551000 Office Supplies - Amount based on 1% of °ESE budget 450 450 Insurance & Occupancy • 545000 Insurance - Commercial property & iiabillty Based on estimated amount and 1% of GESE budget 400 400 545000 Insurance. Fidelity & Fiduciary -Based on 1% of GESE Budget 600 600 543000 Utility Services -"Electricity, water, sewer & garbage based on 1% of °ESE Budget 280 280 544000 Rentals & Leases - Based on estimated amount and 1% of GESE budget 400 400 546000 Repair & Maintenenee Services • - Customizations to PensionGold 15,000 - Based on 1% of GESE maintenance 1,824 16,824 16,824 559000 Bldg Use Allowance / Depreciation • - Use of GESE building based on 1% of GESE Budget 450 450 TOTAL ADMINISTRATIVE COSTS $109,307 $116,307 RANalvt'.d8audt(VEI6UDGETTous_Budget Pisen12o15•2016APPROVED. d, Exhibit A 1 Excess EH 6/812015 423 PM