fiscal year 2014-2015 - louisianajlcb.legis.la.gov/docs/2014/may/lasers revised budget april...
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April 2014
Fiscal Year 2014-2015
TO: Board of Trustees FROM: Cindy Rougeou, Executive Director DATE: April 25, 2014 RE: FY 2014-2015 Operating Budget Attached is a copy of the Operating Budget. Changes to the budget are as follows:
Personnel Costs (137 full time employees) 606,500
Total Investment Fee Budget for 14‐15 $ 35,000,000
TOTAL OPERATING BUDGET FOR 14‐15 54,360,700$
Total Operating Budget before Investment Fees for 14‐15 $ 19,360,700
Investment Fee Operating Budget for 13‐14 $ 28,709,000
Net Changes:
Investment Fees 6,291,000
Operating Services (including supplies) (22,300)
Professional Services (90,000)
Acquisitions (588,000)
Travel 8,000
Operating Budget Before Investment Fees for 13‐14 $ 19,446,500
Net Changes:
Page
Budget Recap 1
Exhibits A‐E
A ‐ In State Travel 5
B ‐ Out of State Travel 7
C ‐ Dues & Subscriptions 9
D ‐ Professional Services 11
E ‐ Acquisitions 13
F ‐ Multi‐Year Projects 15
Budget by Division Summary 17
Budget by Division Detail 21
Personnel Summary by Division 39
Organizational Chart 45
Acronym List 57
Budget Addendum 59
LASERS
2014‐2015 Fiscal Year
Table of Contents
PROPOSED
2012‐2013
2012‐2013
2013‐2014
2014‐2015
BUDGET CATEGORY
ACTUAL
BUDGET
BUDGET
BUDGET
AMOUNT
% Diff.
PERSONNEL SERVICES
Salaries
Regular Salaries
8,596,218
$
8,879,000
$
9,126,500
$
9,395,200
$
268,700
$
2.9%
Civil Service ad
justments and reallocations
Overtime Salaries
71,879
105,000
229,500
71,000
(158,500)
‐69.1%
Decreased due to layoff processing being complete
Termination Pay
33,548
40,000
65,000
39,600
(25,400)
‐39.1%
Decreased to be in alignment with PY actuals
W
ages
144,359
140,000
187,000
231,100
44,100
23.6%
Utilizing all interns & 1 rehired retiree
Sub‐Total‐ Salaries
8,846,004
9,164,000
9,608,000
9,736,900
128,900
1.3%
Other Compensation
Compensation‐Board
11,400
16,200
16,200
16,200
‐
0.0%
Sub‐Total‐ Compensation
11,400
16,200
16,200
16,200
‐
0.0%
Related B
enefits
Retirem
ent Contribution
2,348,584
2,561,500
2,845,300
3,463,100
617,800
21.7%
Increase in contribution rate to 37.0%
F.I.C.A.‐Tax
9,412
14,500
11,600
13,000
1,400
12.1%
Due to increase in w
ages
M
edicare
115,899
133,500
138,900
140,300
1,400
1.0%
Unem
ployment Benefits
6,125
10,000
12,500
12,500
‐
0.0%
Group Insurance
1,068,353
1,317,000
1,317,000
1,174,000
(143,000)
‐10.9%
Sub‐Total‐ Benefits
3,548,373
4,036,500
4,325,300
4,802,900
477,600
11.0%
TOTAL‐ PERSONNEL
12,405,777
$
13,216,700
$
13,949,500
$
14,556,000
$
606,500
$
4.3%
TRAVEL
In‐State
Conferences & Training
31,856
36,900
27,000
29,000
2,000
7.4%
Increased to be in alignment with PY actuals
Field Travel
20,469
20,350
18,000
20,000
2,000
11.1%
Increased to be in alignment with PY actuals
Sub‐Total‐ In‐State
52,325
57,250
45,000
49,000
4,000
8.9%
A
Out‐of‐State
Conferences & Training
73,777
81,750
86,800
93,000
6,200
7.1%
Increased due to 2 PY conferences being held in‐state & addʹl
NASRA attendees
Field Travel
20,749
33,000
32,200
30,000
(2,200)
‐6.8%
Sub‐Total‐ Out‐of‐State
94,526
114,750
119,000
123,000
4,000
3.4%
B
TOTAL ‐ TRAVEL
146,851
$
172,000
$
164,000
$
172,000
$
8,000
$
4.9%
Proposed Operating Budget
COMMENTS FOR 2014‐2015 BUDGET
2014‐2015 Fiscal Year Recap
COMPARISION TO
2013‐2014 BUDGET
EXHIBIT
LASERS 2014-2015 Budget
1
PROPOSED
2012‐2013
2012‐2013
2013‐2014
2014‐2015
BUDGET CATEGORY
ACTUAL
BUDGET
BUDGET
BUDGET
AMOUNT
% Diff.
Proposed Operating Budget
COMMENTS FOR 2014‐2015 BUDGET
2014‐2015 Fiscal Year Recap
COMPARISION TO
2013‐2014 BUDGET
EXHIBIT
OPERATING SERVICES
Computer Maintenan
ce480,323
500,000
500,000
500,000
‐
0.0%
Building/Equip/Vehicle M
aintenan
ce17,473
24,000
32,300
27,300
(5,000)
‐15.5%
Projecting decreased vehicle m
aintenan
ce
M
iscellan
eous Operating Services
4,377
10,700
11,000
10,500
(500)
‐4.5%
Advertising
3,245
5,000
5,000
4,000
(1,000)
‐20.0%
Decreased based on PY actuals an
d projected
Printing Services
87,803
189,500
198,500
198,500
‐
0.0%
Insurance
97,604
97,604
110,000
112,000
2,000
1.8%
Increased based on 2013‐2014 actual
Rentals/Computer Lic. Software
725,069
751,000
800,700
788,700
(12,000)
‐1.5%
Decreased based on PY actuals an
d projected
Building Rentals
703,232
712,900
716,000
716,000
‐
0.0%
Dues and Subscriptions
53,134
56,400
59,800
65,700
5,900
9.9%
CIncreased based on PY actuals an
d projected
Ban
k Fees
51,856
75,000
75,000
75,000
‐
0.0%
M
ail, Delivery & Postage
365,014
390,000
420,000
420,000
‐
0.0%
Telep
hone/Internet/Cable Services
125,790
132,500
140,000
135,000
(5,000)
‐3.6%
Decreased based on PY actuals an
d projected
Civil Svc/CPTP/Local Training
64,062
107,300
109,700
98,000
(11,700)
‐10.7%
Decreased to be in alignment with PY actuals
Operating Supplies
189,935
185,696
206,000
211,000
5,000
2.4%
TOTAL ‐ OPERATING SERVICES
2,968,917
$
3,237,600
$
3,384,000
$
3,361,700
$
(22,300)
$
‐0.7%
PROFESSIONAL SERVICES
Accounting and Auditing
46,088
50,000
50,000
75,000
25,000
50.0%
Increased to account for new external audit contract an
d
new GASB requirem
ents
Professional Services Expenditures
626
284,000
449,000
264,000
(185,000)
‐41.2%
Decreased based on PY actuals an
d projected
Legal
122,216
139,400
110,000
138,000
28,000
25.5%
Increased based on PY actuals an
d projected
M
edical/D
isability
106,633
150,000
170,000
152,000
(18,000)
‐10.6%
Decreased based on PY actuals an
d projected
Actuarial
204,840
250,000
290,000
350,000
60,000
20.7%
New GASB requirem
ents
Professional Travel
1,887
600
2,000
2,000
‐
0.0%
TOTAL ‐ PROFESSIONAL
482,290
$
874,000
$
1,071,000
$
981,000
$
(90,000)
$
‐8.4%
D
Furniture & Equipment Acquisitions
13,661
20,000
15,000
15,000
‐
0.0%
Vehicle Acquisitions
‐
‐
59,250
25,000
(34,250)
‐57.8%
Planned purchase of one new vehicle
Computer Acquisitions
389,090
393,000
803,750
250,000
(553,750)
‐68.9%
Decreased based on projections
TOTAL ‐ ACQUISITIONS
402,751
$
413,000
$
878,000
$
290,000
$
(588,000)
$
‐67.0%
E
TOTAL OPERATING BUDGET
16,406,586
$
17,913,300
$
19,446,500
$
19,360,700
$
(85,800)
$
‐0.4%
LASERS 2014-2015 Budget
2
PROPOSED
2012‐2013
2012‐2013
2013‐2014
2014‐2015
BUDGET CATEGORY
ACTUAL
BUDGET
BUDGET
BUDGET
AMOUNT
% Diff.
Proposed Operating Budget
COMMENTS FOR 2014‐2015 BUDGET
2014‐2015 Fiscal Year Recap
COMPARISION TO
2013‐2014 BUDGET
EXHIBIT
Investm
ent Fees
30,118,398
56,984,200
28,709,000
35,000,000
6,291,000
21.9%
Alternative Investm
ent Expenses are disclosed on the
ʺStatement of Chan
ges in Plan N
et Assetsʺ in LASERS CAFR
according to guidelines issued by OSRAP
GRAND TOTAL with
Investment Fees
46,524,984
$
74,897,500
$
48,155,500
$
54,360,700
$
6,205,200
$
12.9%
MULTI‐YEAR PROJECTS:
ECM Imaging and W
orkflow System & JDE Upgrade
2,243,089
FExhibit F
Number of F.T.E Positions
137
137
137
00.0%
LASERS 2014-2015 Budget
3
LASERS 2014-2015 Budget
4
Cost
15,000$
LAPERS 500
Member Services LSCPM 500
LA GFOA 2,000
LPC 1,000
4,000
PID 1,000
Investments 5,000
29,000$
3,000
Agency Audits 1,000
Member Services Member Counseling, Training, RSEA Workshops 16,000
20,000$
Total In‐State Travel 49,000$
In‐State Conf. & Training
Board of Trustees & Executive Board Meetings & Travel, RSEA Mtgs & Site Visits
IT LATEC, CISD
LAPERS, LATEC
In‐State Conf. & Training Total
HR
Legal
Fiscal
LAPERS, LATEC, Agency Travel as Approved
Audit
In‐State Field Travel Total
Board of Trustees & Executive
In‐State Field Travel
Miscellaneous
Exhibit A
2014‐2015 Budget Supplemental Data
In‐State Travel
Division Description
LASERS 2014-2015 Budget
5
LASERS 2014-2015 Budget
6
Cost
30,000$
CAPPP, NAPPA, Training as Approved 8,000
Audit APPFA 5,000
Member Services National Postal Forum, NPEA 6,000
National GFOA, P2F2 10,000
SHRM 5,000
20,000
PID 2,000
Investments
93,000$
Disaster Recovery, Agency Audits 7,000
IT Disaster Recovery 3,000
Inv Mgr Due Diligence, Alternative Inv Meetings 20,000
30,000$
Total Out‐of‐State Travel 123,000$
7,000
Exhibit B
2014‐2015 Budget Supplemental Data
Out‐of‐State Travel
Division Description
Out‐of‐State Conf. & Training
Training as Approved
Alternative Investments Summit, NASIO, Pension Fund
Summit
IT PRISM, Training as Approved
Legal
Out‐of‐State Field Travel Total
Board of Trustees & ExecutiveNASRA, IFEBP & Emp. Benefit Conference, CAPPP,
Agency Travel & Training as Approved
Investments
HR
Fiscal
Audit
Out of‐State Field Travel
Out‐of‐State Conf. & Training Total
LASERS 2014-2015 Budget
7
LASERS 2014-2015 Budget
8
Cost
18,000$
21,200
3,000
SHRM 500
Member Services Advocate, NPEA, PCC, WSJ 1,000
5,000
Investments 6,000
65,700$
6,000
5,000
Exhibit C
2014‐2015 Budget Supplemental Data
Dues & Subscriptions
Division Description
Legiscon, LA State Bar Assn, NAPPA, West Publishing, BR Bar Assn,
Pensions & InvestmentsLegal
Audit
NCPERS, NAPPA, LAPERS, NASRA, PAR, BR Bar Assn, FABL, LA
State Bar Assn, Pensions & Investments, LA Legislative Directories,
Natʹl Inst. On Retirement Security, BR Business Rpt, LA Political
Review, IFEBP, COGEL, FundFire, LA Politics Weekly, LATEC
Board of Trustees &
Executive
APPFA, ISACA, ACFE, LA Board of CPAs, Knowledge Leader, IIA
Total Dues & Subscriptions
Fiscal
HR
IT BR Business Rpt, Survey Monkey, PMI, Expt. Exchg, PRISM, Constant
Contact, CEBS, DudaMobile, Call Fire, PluralSight
AICPA, Natʹl GFOA, LA GFOA, LA Board of CPAs, GASB, P2F2,
Samʹs Club
Metro Press Clip, BR Business Report, Advocate, Press Club of BR,
Citrix, Constant Contact, Hootsuite Media, Communication Arts
Magazine, American Press, Hermes Creative Awards
PID
AFP, CAIA, CFA, WSJ, IAAP, Barronʹs Digital Plus
LASERS 2014-2015 Budget
9
LASERS 2014-2015 Budget
10
Cost
Actuarial Services, Agency Projects including Board Governance, 450,000$
Legislative
Roedel Parsons, Tarcza & Associates, Security Litigation 130,000
Financial Statement Audit 75,000
Temporary Employee Services, HR Legal Support 13,000
Member Services 153,000
15,000
120,000
Investments Alternative Investment Legal Support 25,000
981,000$
ECM implementation, SOLARIS Support, Web Hosting
Total Professional Services
Exhibit D
2014‐2015 Budget Supplemental Data
Professional Services
Division Description
Multimedia Duplication, Video & CD Production, Board Election
Services
IT
Executive
Legal
Audit
HR
PID
Disability Claim Services, Sign Language Interpreter
LASERS 2014-2015 Budget
11
LASERS 2014-2015 Budget
12
Cost
250,000$
250,000$
Cost
One new vehicle 25,000$
25,000$
Cost
Misc. agency furniture and equipment 15,000$
15,000$
Total Acquisitions 290,000$
Total Computer Acquisitions
ITBlade Servers, Cisco Updates, Mobile PCs, Addʹl SAN Space,
Security Appliance, 4GB Fiber Switches, Apps Workstations,
CISA Audit, Misc. Agency Software, Prospera HR, PowerGUI
Pro, Secure BlackBox, Acronis Disk Directory Upgrade, Kagi
T4Editor, Aviosta Project Analyzer
Exhibit E
2014‐2015 Budget Supplemental Data
Computer Acquisitions
Division Description
Acquisitions
Vehicle Acquisitions
Division Description
Facilities
Total Vehicle Acquisitions
Other Acquisitions
Executive
Total Other Acquisitions
Division Description
LASERS 2014-2015 Budget
13
LASERS 2014-2015 Budget
14
Cost
133,395$
133,395$
1,190,930$
84,040$
1,274,970$
58,724$
600,000$
658,724$
2,067,089$
176,000$
176,000$
176,000$
GRAND TOTAL FOR MULTI‐YEAR PROJECTS 2,243,089$
TOTAL FOR PROJECT
JD Edwards Upgrade
PROFESSIONAL SERVICES
Professional Services Expenditures
TOTAL‐PROFESSIONAL
PROFESSIONAL SERVICES
TOTAL‐PROFESSIONAL
Exhibit F
2014‐2015 Budget Supplemental Data
Multi‐Year Projects
ECM Imaging and Workflow
Computer Hardware
Computer Software
TOTAL‐ACQUISITIONS
TOTAL FOR PROJECT
Description
Operating Supplies/Computer Maintenance
OPERATING SERVICES
TOTAL‐OPERATING SERVICES
Professional Services Expenditures
Professional Travel
ACQUISITIONS
LASERS 2014-2015 Budget
15
LASERS 2014-2015 Budget
16
Board of
Trustees,
Executive &
Facilities
Legal
Audit
Fiscal
HR
Mem
ber
Services
Public
Inform
ation
ITInvestm
ents
Total
PERSONNEL SERVICES
Sal
arie
s
R
egul
ar854,500
$
388,000
$
381,600
$
1,502,000
$
244,000
$
2,674,100
$
173,000
$
2,086,000
$
1,092,000
$
9,395,200
$
O
verti
me
‐
‐
‐
‐
71,000
‐
‐
‐
‐
71,000
T
erm
inat
ion
‐
‐
‐
6,300
‐
23,100
‐
10,200
‐
39,600
Wag
es‐
18,600
12,400
12,400
12,400
86,000
24,800
27,300
37,200
231,100
Subt
otal
- Sa
larie
s854,500
406,600
394,000
1,520,700
327,400
2,783,200
197,800
2,123,500
1,129,200
9,736,900
Oth
er C
ompe
nsat
ion
C
ompe
nsat
ion-
Boa
rd16,200
‐
‐
‐
‐
‐
‐
‐
‐
16,200
Subt
otal
- C
ompe
nsat
ion
16,200
‐
‐
‐
‐
‐
‐
‐
‐
16,200
Rel
ated
Ben
efits
R
etire
men
t Con
tribu
tions
316,100
143,400
141,200
555,700
77,100
989,500
64,000
771,800
404,300
3,463,100
F
.I.C
.A. T
ax‐
1,200
800
800
800
3,900
1,500
1,700
2,300
13,000
M
edic
are
12,500
5,900
5,700
22,000
3,700
40,400
2,900
30,800
16,400
140,300
U
nem
ploy
men
t Ben
efits
‐
‐
‐
‐
12,500
‐
‐
‐
‐
12,500
G
roup
Insu
ranc
e47,900
26,300
38,400
120,800
436,800
271,000
15,400
167,000
50,400
1,174,000
Sub-
Tota
l - B
enef
its376,500
176,800
186,100
699,300
530,900
1,304,800
83,800
971,300
473,400
4,802,900
TOTAL ‐ PERSONNEL
1,247,200
583,400
580,100
2,220,000
858,300
4,088,000
281,600
3,094,800
1,602,600
14,556,000
TRAVEL
In‐State
C
onfe
renc
es &
Tra
inin
g15,000
500
‐
2,000
1,000
500
1,000
4,000
5,000
29,000
F
ield
Tra
vel
3,000
‐
1,000
‐
‐
16,000
‐
‐
‐
20,000
Sub-
Tota
l - In
-Sta
te18,000
500
1,000
2,000
1,000
16,500
1,000
4,000
5,000
49,000
Out‐of‐State
C
onfe
renc
es &
Tra
inin
g30,000
8,000
5,000
10,000
5,000
6,000
2,000
20,000
7,000
93,000
F
ield
Tra
vel
‐
‐
7,000
‐
‐
‐
‐
3,000
20,000
30,000
Sub-
Tota
l - O
ut-o
f-Sta
te30,000
8,000
12,000
10,000
5,000
6,000
2,000
23,000
27,000
123,000
TOTAL ‐ TRAVEL
48,000
8,500
13,000
12,000
6,000
22,500
3,000
27,000
32,000
172,000
Budget by Division ‐ Summary
2014‐2015 Operating Budget
Budget by Division ‐ Summary
Budget Category
LASERS 2014-2015 Budget
17
Board of
Trustees,
Executive &
Facilities
Legal
Audit
Fiscal
HR
Mem
ber
Services
Public
Inform
ation
ITInvestm
ents
Total
Budget by Division ‐ Summary
2014‐2015 Operating Budget
Budget by Division ‐ Summary
Budget Category
OPERATING SERVICES
C
ompu
ter M
aint
enan
ce‐
‐
‐
‐
‐
‐
‐
500,000
‐
500,000
B
uild
ing/
Equ
ip/V
ehic
le M
aint
enan
ce15,000
‐
‐
‐
‐
5,800
‐
6,500
‐
27,300
M
isce
llane
ous
Ope
ratin
g S
ervi
ces
1,000
1,000
5,000
‐
2,000
1,500
‐
‐
‐
10,500
A
dver
tisin
g‐
‐
‐
‐
‐
‐
4,000
‐
‐
4,000
P
rintin
g S
ervi
ces
‐
‐
‐
‐
‐
98,500
100,000
‐
‐
198,500
In
sura
nce
‐
‐
‐
112,000
‐
‐
‐
‐
‐
112,000
R
enta
ls/C
ompu
ter L
ic. S
oftw
are
5,000
‐
‐
‐
‐
25,000
‐
751,700
7,000
788,700
B
uild
ing
Ren
tals
‐
‐
‐
716,000
‐
‐
‐
‐
‐
716,000
D
ues
and
Sub
scrip
tions
18,000
21,200
3,000
6,000
500
1,000
5,000
5,000
6,000
65,700
B
ank
Fees
‐
‐
‐
75,000
‐
‐
‐
‐
‐
75,000
M
ail D
eliv
ery
& P
osta
ge‐
‐
‐
‐
‐
420,000
‐
‐
‐
420,000
T
elep
hone
/Inte
rnet
/Cab
le S
ervi
ces
‐
‐
‐
‐
‐
‐
‐
135,000
‐
135,000
C
ivil
Svc
/CP
TP/L
ocal
Tra
inin
g10,000
1,000
4,000
4,000
45,000
3,000
1,000
25,000
5,000
98,000
O
pera
ting
Sup
plie
s‐
‐
‐
112,000
‐
‐
‐
99,000
‐
211,000
TOTAL OPERATING SERVICES
49,000
23,200
12,000
1,025,000
47,500
554,800
110,000
1,522,200
18,000
3,361,700
PROFESSIONAL SERVICES
A
ccou
ntin
g &
Aud
iting
‐
‐
75,000
‐
‐
‐
‐
‐
‐
75,000
P
rofe
ssio
nal S
ervi
ce E
xpen
ditu
res
100,000
‐
‐
‐
3,000
1,000
15,000
120,000
25,000
264,000
L
egal
‐
128,000
‐
‐
10,000
‐
‐
‐
‐
138,000
M
edic
al/D
isab
ility
‐
‐
‐
‐
‐
152,000
‐
‐
‐
152,000
A
ctua
rial
350,000
‐
‐
‐
‐
‐
‐
‐
‐
350,000
P
rofe
ssio
nal T
rave
l‐
2,000
‐
‐
‐
‐
‐
‐
‐
2,000
TOTAL PROFESSIONAL
450,000
130,000
75,000
‐
13,000
153,000
15,000
120,000
25,000
981,000
ACQUISITIONS
F
urni
ture
& E
quip
men
t Acq
uisi
tions
15,000
‐
‐
‐
‐
‐
‐
‐
‐
15,000
V
ehic
le A
cqui
sitio
ns25,000
‐
‐
‐
‐
‐
‐
‐
‐
25,000
C
ompu
ter A
cqui
sitio
ns‐
‐
‐
‐
‐
‐
‐
250,000
‐
250,000
TOTAL ACQUISITIONS
40,000
‐
‐
‐
‐
‐
‐
250,000
‐
290,000
1,834,200
745,100
680,100
3,257,000
924,800
4,818,300
409,600
5,014,000
1,677,600
19,360,700
TOTAL OPERATING BUDGET
LASERS 2014-2015 Budget
18
Board of
Trustees,
Executive &
Facilities
Legal
Audit
Fiscal
HR
Mem
ber
Services
Public
Inform
ation
ITInvestm
ents
Total
Budget by Division ‐ Summary
2014‐2015 Operating Budget
Budget by Division ‐ Summary
Budget Category
INVESTMENT FEES
‐
‐
‐
225,000
‐
‐
‐
‐
34,775,000
35,000,000
1,834,200
$
745,100
$
680,100
$
3,482,000
$
924,800
$
4,818,300
$
409,600
$
5,014,000
$
36,452,600
$
54,360,700
$
94
525
352
327
9137
# of FT Employees
GRAND TOTAL WITH INVESTMENT
FEES
LASERS 2014-2015 Budget
19
LASERS 2014-2015 Budget
20
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
789,211
$
832,500
$
854,500
$
22,000
$
2.64%
Termination Pay
1,485
$
‐$
‐$
‐$
0.00%
Wages
12,807
$
‐$
‐$
‐$
100.00%
Total Salaries
803,626
$
832,500
$
854,500
$
22,000
$
2.64%
Other Compensation
Compensation to Board M
embers
11,400
$
16,200
$
16,200
$
‐$
0.00%
Total Other Compensation
11,400
$
16,200
$
16,200
$
‐$
0.00%
Related Benefits
Retirem
ent Contribution
170,054
$
260,500
$
316,100
$
55,600
$
21.34%
FICA‐ State Share
1,346
$
‐$
‐$
‐$
0.00%
Med
icare ‐ State Share
8,382
$
12,100
$
12,500
$
400
$
3.31%
Group Insurance
45,107
$
50,000
$
47,900
$
(2,100)
$
‐4.20%
Total Related Benefits
224,889
$
322,600
$
376,500
$
53,900
$
16.71%
Total Personnel Services
1,039,915
$
1,171,300
$
1,247,200
$
75,900
$
6.48%
Travel
In‐State Travel
I/S Convention and Training
9,009
$
13,000
$
15,000
$
2,000
$
15.38%
In‐State Field Travel
4,845
$
3,000
$
3,000
$
‐$
0.00%
Total In‐State Travel
13,854
$
16,000
$
18,000
$
2,000
$
12.50%
Out‐of‐State Travel
O/S Convention and Training
32,192
$
27,000
$
30,000
$
3,000
$
11.11%
Total Out‐of‐State Travel
32,192
$
27,000
$
30,000
$
3,000
$
11.11%
Total Travel
46,046
$
43,000
$
48,000
$
5,000
$
11.63%
COMPARISION TO
2013‐2014 BUDGET
Final 2013‐2014 ‐ Proposed 2014‐2015, (Board of Trustees, Executive and Facilities
Divisions)
Proposed Operating Budget
LASERS 2014-2015 Budget
21
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
COMPARISION TO
2013‐2014 BUDGET
Final 2013‐2014 ‐ Proposed 2014‐2015, (Board of Trustees, Executive and Facilities
Divisions)
Proposed Operating Budget
Operating Services
Miscellan
eous Operating Services
‐$
1,000
$
1,000
$
‐$
0.00%
Building/Equip/Vehicle M
aintenan
ce6,721
$
20,000
$
15,000
$
(5,000)
$
‐25.00%
Rentals
3,022
$
7,000
$
5,000
$
(2,000)
$
‐28.57%
Dues and Subscriptions
11,490
$
19,000
$
18,000
$
(1,000)
$
‐5.26%
Civil Svc/CPTP/Local Training
1,442
$
‐$
‐$
‐$
0.00%
Team Building
6,033
$
10,000
$
10,000
$
‐$
0.00%
Total Operating Services
28,708
$
57,000
$
49,000
$
(8,000)
$
‐14.04%
Professional Services
Professional Services Expenditures
‐$
100,000
$
100,000
$
‐$
0.00%
Actuary
204,840
$
290,000
$
350,000
$
60,000
$
20.69%
Total Professional Services
204,840
$
390,000
$
450,000
$
60,000
$
15.38%
Acquisitions
Furniture & Equipment Acquisitions
8,703
$
15,000
$
15,000
$
‐$
0.00%
Vehicle Acquisitions
‐$
59,250
$
25,000
$
(34,250)
$
‐57.81%
Total Acquisitions
8,703
$
74,250
$
40,000
$
(34,250)
$
‐46.13%
Total
1,328,212
$
1,735,550
$
1,834,200
$
98,650
$
5.68%
LASERS 2014-2015 Budget
22
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
342,050
$
345,300
$
381,600
$
36,300
$
10.51%
Wages
14,084
$
14,800
$
12,400
$
(2,400)
$
‐16.22%
Total Salaries
356,134
$
360,100
$
394,000
$
33,900
$
9.41%
Related Benefits
Retirem
ent Contribution
99,614
$
108,100
$
141,200
$
33,100
$
30.62%
FICA‐ State Share
873
$
900
$
800
$
(100)
$
‐11.11%
Med
icare ‐ State Share
4,769
$
5,200
$
5,700
$
500
$
9.62%
Group Insurance
36,604
$
36,000
$
38,400
$
2,400
$
6.67%
Total Related Benefits
141,860
$
150,200
$
186,100
$
35,900
$
23.90%
Total Personnel Services
497,994
$
510,300
$
580,100
$
69,800
$
13.68%
Travel
In‐State Travel
In‐State Field Travel
‐$
1,000
$
1,000
$
‐$
0.00%
Total In‐State Travel
65$
1,000
$
1,000
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
5,527
$
5,800
$
5,000
$
(800)
$
‐13.79%
Out‐of‐State Field Travel
4,588
$
6,200
$
7,000
$
800
$
12.90%
Total Out‐of‐State Travel
10,115
$
12,000
$
12,000
$
‐$
0.00%
Total Travel
10,180
$
13,000
$
13,000
$
‐$
0.00%
COMPARISION TO
2013‐2014 BUDGET
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Audit Services Division)
LASERS 2014-2015 Budget
23
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
COMPARISION TO
2013‐2014 BUDGET
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Audit Services Division)
Operating Services
Miscellan
eous Operating Services
2,082
$
5,000
$
5,000
$
‐$
0.00%
Dues and Subscriptions
2,150
$
3,000
$
3,000
$
‐$
0.00%
Civil Svc/CPTP/Local Training
1,357
$
4,000
$
4,000
$
‐$
0.00%
Total Operating Services
5,589
$
12,000
$
12,000
$
‐$
0.00%
Professional Services
Accounting and Auditing
46,088
$
50,000
$
75,000
$
25,000
$
50.00%
Total Professional Services
46,088
$
50,000
$
75,000
$
25,000
$
50.00%
Total
559,851
$
585,300
$
680,100
$
94,800
$
16.20%
LASERS 2014-2015 Budget
24
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
1,442,073
$
1,454,800
$
1,502,000
$
47,200
$
3.24%
Overtime Salaries
54$
21,500
$
‐$
(21,500)
$
‐100.00%
Termination Pay
13,183
$
‐$
6,300
$
6,300
$
100.00%
Wages
10,033
$
12,400
$
12,400
$
‐$
0.00%
Total Salaries
1,465,343
$
1,488,700
$
1,520,700
$
32,000
$
2.15%
Related Benefits
Retirem
ent Contribution
399,527
$
455,000
$
555,700
$
100,700
$
22.13%
FICA‐ State Share
1,679
$
800
$
800
$
‐$
0.00%
Med
icare ‐ State Share
19,989
$
21,500
$
22,000
$
500
$
2.33%
Group Insurance
115,067
$
115,000
$
120,800
$
5,800
$
5.04%
Total Related Benefits
536,262
$
592,300
$
699,300
$
107,000
$
18.07%
Total Personnel Services
2,001,605
$
2,081,000
$
2,220,000
$
139,000
$
6.68%
Travel
In‐State Travel
I/S Convention and Training
6,028
$
2,000
$
2,000
$
‐$
0.00%
Total In‐State Travel
6,028
$
2,000
$
2,000
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
‐$
10,000
$
10,000
$
‐$
0.00%
Total Out‐of‐State Travel
‐$
10,000
$
10,000
$
‐$
0.00%
Total Travel
6,028
$
12,000
$
12,000
$
‐$
0.00%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Fiscal Division)
COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
25
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Fiscal Division)
COMPARISION TO
2013‐2014 BUDGET
Operating Services
Insurance
97,604
$
110,000
$
112,000
$
2,000
$
1.82%
Building Rentals
703,232
$
716,000
$
716,000
$
‐$
0.00%
Dues and Subscriptions
4,220
$
6,000
$
6,000
$
‐$
0.00%
Ban
k Fees
51,856
$
75,000
$
75,000
$
‐$
0.00%
CPTP & Local Training
1,667
$
8,000
$
4,000
$
(4,000)
$
‐50.00%
Operating Supplies
96,581
$
116,000
$
112,000
$
(4,000)
$
‐3.45%
Total Operating Services
955,160
$
1,031,000
$
1,025,000
$
(6,000)
$
‐0.58%
Investment Fees
Investm
ent Fees
148,072
$
225,000
$
225,000
$
‐$
0.00%
Total Investment Fees
148,072
$
225,000
$
225,000
$
‐$
0.00%
Total
3,110,865
$
3,349,000
$
3,482,000
$
133,000
$
3.97%
LASERS 2014-2015 Budget
26
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
226,605
$
233,600
$
244,000
$
10,400
$
4.45%
Overtime Salaries
1,952
$
‐$
71,000
$
71,000
$
0.00%
Termination Pay
‐$
8,900
$
‐$
(8,900)
$
‐100.00%
Wages
2,001
$
12,400
$
12,400
$
‐$
0.00%
Total Salaries
230,558
$
254,900
$
327,400
$
72,500
$
28.44%
Related Benefits
Retirem
ent Contribution
45,291
$
62,150
$
77,100
$
14,950
$
24.05%
FICA‐ State Share
144
$
800
$
800
$
‐$
0.00%
Med
icare ‐ State Share
2,707
$
3,150
$
3,700
$
550
$
17.46%
Unem
ployment Benefits
6,125
$
12,500
$
12,500
$
‐$
0.00%
Group Insurance
366,916
$
593,000
$
436,800
$
(156,200)
$
‐26.34%
Total Related Benefits
421,183
$
671,600
$
530,900
$
(140,700)
$
‐20.95%
Total Personnel Services
651,741
$
926,500
$
858,300
$
(68,200)
$
‐7.36%
Travel
In‐State Travel
I/S Convention and Training
‐$
1,000
$
1,000
$
‐$
0.00%
Total In‐State Travel
‐$
1,000
$
1,000
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
7,456
$
5,000
$
5,000
$
‐$
0.00%
Total Out‐of‐State Travel
7,456
$
5,000
$
5,000
$
‐$
0.00%
Total Travel
7,456
$
6,000
$
6,000
$
‐$
0.00%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Human Resources Division)
COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
27
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Human Resources Division)
COMPARISION TO
2013‐2014 BUDGET
Operating Services
Miscellan
eous Operating Services
1,307
$
2,000
$
2,000
$
‐$
0.00%
Dues and Subscriptions
180
$
300
$
500
$
200
$
66.67%
CPTP & Local Training
36,227
$
45,000
$
45,000
$
‐$
0.00%
Total Operating Services
37,714
$
47,300
$
47,500
$
200
$
0.42%
Professional Services
Professional Services Expenditures
‐$
3,000
$
3,000
$
‐$
0.00%
Legal
1,400
$
10,000
$
10,000
$
‐$
0.00%
Total Professional Services
1,400
$
13,000
$
13,000
$
‐$
0.00%
Total:
698,311
$
992,800
$
924,800
$
(68,000)
$
‐6.85%
LASERS 2014-2015 Budget
28
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
1,803,370
$
1,970,000
$
2,086,000
$
116,000
$
5.89%
Overtime Salaries
‐$
25,000
$
‐$
(25,000)
$
‐100.00%
Termination Pay
215
$
18,100
$
10,200
$
(7,900)
$
‐43.65%
Wages
12,111
$
20,400
$
27,300
$
6,900
$
33.82%
Total Salaries
1,815,696
$
2,033,500
$
2,123,500
$
90,000
$
4.43%
Related Benefits
Retirem
ent Contribution
523,596
$
616,700
$
771,800
$
155,100
$
25.15%
FICA‐ State Share
751
$
1,200
$
1,700
$
500
$
41.67%
Med
icare ‐ State Share
23,520
$
29,600
$
30,800
$
1,200
$
4.05%
Group Insurance
159,274
$
165,000
$
167,000
$
2,000
$
1.21%
Total Related Benefits
707,141
$
812,500
$
971,300
$
158,800
$
19.54%
Total Personnel Services
2,522,837
$
2,846,000
$
3,094,800
$
248,800
$
8.74%
Travel
In‐State Travel
I/S Convention and Training
14,819
$
4,000
$
4,000
$
‐$
0.00%
Total In‐State Travel
14,819
$
4,000
$
4,000
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
8,166
$
20,000
$
20,000
$
‐$
0.00%
Out‐of‐State Field Travel
2,145
$
4,000
$
3,000
$
(1,000)
$
‐25.00%
Total Out‐of‐State Travel
10,311
$
24,000
$
23,000
$
(1,000)
$
‐4.17%
Total Travel
25,130
$
28,000
$
27,000
$
(1,000)
$
‐3.57%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (IT Division)
COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
29
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (IT Division)
COMPARISION TO
2013‐2014 BUDGET
Operating Services
Computer Maintenan
ce480,323
$
500,000
$
500,000
$
‐$
0.00%
Building/Equip/Vehicle M
aint.
5,432
$
6,500
$
6,500
$
‐$
0.00%
Rentals/Computer Lic. Software
689,525
$
760,700
$
751,700
$
(9,000)
$
‐1.18%
Dues and Subscriptions
3,640
$
2,000
$
5,000
$
3,000
$
150.00%
Telep
hone/Internet/Cable Services
125,790
$
140,000
$
135,000
$
(5,000)
$
‐3.57%
CPTP & Local Training
14,090
$
28,000
$
25,000
$
(3,000)
$
‐10.71%
Operating Supplies
93,354
$
90,000
$
99,000
$
9,000
$
10.00%
Total Operating Services
1,412,154
$
1,527,200
$
1,522,200
$
(5,000)
$
‐0.33%
Professional Services
Professional Services Expenditures
‐$
286,000
$
120,000
$
(166,000)
$
‐58.04%
Total Professional Services
868
$
286,000
$
120,000
$
(166,000)
$
0.00%
Acquisitions
Computer Acquisitions
389,090
$
803,750
$
250,000
$
(553,750)
$
‐68.90%
Total Acquisitions
394,048
$
803,750
$
250,000
$
(553,750)
$
‐68.90%
Total
4,355,037
$
5,490,950
$
5,014,000
$
(476,950)
$
‐8.69%
LASERS 2014-2015 Budget
30
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
927,798
$
1,037,000
$
1,092,000
$
55,000
$
5.30%
Wages
16,050
$
37,200
$
37,200
$
‐$
0.00%
Total Salaries
943,848
$
1,074,200
$
1,129,200
$
55,000
$
5.12%
Related Benefits
Retirem
ent Contribution
270,094
$
324,500
$
404,300
$
79,800
$
24.59%
FICA‐ State Share
995
$
2,300
$
2,300
$
‐$
0.00%
Med
icare ‐ State Share
12,847
$
15,600
$
16,400
$
800
$
5.13%
Group Insurance
48,021
$
50,000
$
50,400
$
400
$
0.80%
Total Related Benefits
331,957
$
392,400
$
473,400
$
81,000
$
20.64%
Total Personnel Services
1,275,805
$
1,466,600
$
1,602,600
$
136,000
$
9.27%
Travel
In‐State Travel
I/S Convention and Training
1,448
$
5,000
$
5,000
$
‐$
0.00%
Total In‐State Travel
1,448
$
5,000
$
5,000
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
5,735
$
7,000
$
7,000
$
‐$
0.00%
Out‐of‐State Field Travel
14,017
$
22,000
$
20,000
$
(2,000)
$
‐9.09%
Total Out‐of‐State Travel
19,752
$
29,000
$
27,000
$
(2,000)
$
‐6.90%
Total Travel
21,200
$
34,000
$
32,000
$
(2,000)
$
‐5.88%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Investments Division) COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
31
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Investments Division) COMPARISION TO
2013‐2014 BUDGET
Operating Services
Rentals/Computer Lic. Software
6,788
$
7,000
$
7,000
$
‐$
0.00%
Dues and Subscriptions
5,781
$
3,500
$
6,000
$
2,500
$
71.43%
CPTP & Local Training
2,182
$
7,200
$
5,000
$
(2,200)
$
‐30.56%
Total Operating Services
14,751
$
17,700
$
18,000
$
300
$
1.69%
Professional Services
Professional Services Expenditures
‐$
25,000
$
25,000
$
‐$
0.00%
Total Professional Services
‐$
25,000
$
25,000
$
‐$
0.00%
Investment Fees
Investm
ent Fees
29,970,326
$
28,484,000
$
34,775,000
$
6,291,000
$
22.09%
Total Investment Fees
29,970,326
$
28,484,000
$
34,775,000
$
6,291,000
$
22.09%
Total
31,282,082
$
30,027,300
$
36,452,600
$
6,425,300
$
21.40%
LASERS 2014-2015 Budget
32
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
360,558
$
361,000
$
388,000
$
27,000
$
7.48%
Wages
12,455
$
17,300
$
18,600
$
1,300
$
7.51%
Total Salaries
373,013
$
378,300
$
406,600
$
28,300
$
7.48%
Related Benefits
Retirem
ent Contribution
104,495
$
113,000
$
143,400
$
30,400
$
26.90%
FICA‐ State Share
772
$
1,100
$
1,200
$
100
$
9.09%
Med
icare ‐ State Share
5,185
$
5,500
$
5,900
$
400
$
7.27%
Group Insurance
25,018
$
25,000
$
26,300
$
1,300
$
5.20%
Total Related Benefits
135,470
$
144,600
$
176,800
$
32,200
$
22.27%
Total Personnel Services
508,483
$
522,900
$
583,400
$
60,500
$
11.57%
Travel
In‐State Travel
I/S Convention and Training
452
$
500
$
500
$
‐$
0.00%
Total In‐State Travel
452
$
500
$
500
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
9,227
$
3,000
$
8,000
$
5,000
$
166.67%
Total Out‐of‐State Travel
9,227
$
3,000
$
8,000
$
5,000
$
166.67%
Total Travel
9,679
$
3,500
$
8,500
$
5,000
$
142.86%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Legal Division)
COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
33
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Legal Division)
COMPARISION TO
2013‐2014 BUDGET
Operating Services
Miscellan
eous Operating Services
‐$
1,500
$
1,000
$
(500)
$
‐33.33%
Dues and Subscriptions
21,139
$
17,000
$
21,200
$
4,200
$
24.71%
CPTP & Local Training
799
$
500
$
1,000
$
500
$
100.00%
Total Operating Services
21,938
$
19,000
$
23,200
$
4,200
$
22.11%
Professional Services
Legal
120,816
$
100,000
$
128,000
$
28,000
$
28.00%
Professional Travel
1,018
$
2,000
$
2,000
$
‐$
0.00%
Total Professional Services
121,834
$
102,000
$
130,000
$
28,000
$
27.45%
Total
661,934
$
647,400
$
745,100
$
97,700
$
15.09%
LASERS 2014-2015 Budget
34
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
2,545,116
$
2,729,900
$
2,674,100
$
(55,800)
$
‐2.04%
Overtime Salaries
69,749
$
183,000
$
‐$
(183,000)
$
‐100.00%
Termination Pay
18,665
$
38,000
$
23,100
$
(14,900)
$
‐39.21%
Wages
54,774
$
53,700
$
86,000
$
32,300
$
60.15%
Total Salaries
2,688,304
$
3,004,600
$
2,783,200
$
(221,400)
$
‐7.37%
Related Benefits
Retirem
ent Contribution
687,579
$
854,500
$
989,500
$
135,000
$
15.80%
FICA‐ State Share
2,220
$
3,300
$
3,900
$
600
$
18.18%
Med
icare ‐ State Share
36,146
$
43,600
$
40,400
$
(3,200)
$
‐7.34%
Group Insurance
257,629
$
265,000
$
271,000
$
6,000
$
2.26%
Total Related Benefits
983,574
$
1,166,400
$
1,304,800
$
138,400
$
11.87%
Total Personnel Services
3,671,878
$
4,171,000
$
4,088,000
$
(83,000)
$
‐1.99%
Travel
In‐State Travel
I/S Convention and Training
‐$
500
$
500
$
‐$
0.00%
In‐State Field Travel
15,624
$
14,000
$
16,000
$
2,000
$
14.29%
Total In‐State Travel
15,624
$
14,500
$
16,500
$
2,000
$
13.79%
Out‐of‐State Travel
O/S Convention and Training
5,475
$
6,000
$
6,000
$
‐$
0.00%
Total Out‐of‐State Travel
5,475
$
6,000
$
6,000
$
‐$
0.00%
Total Travel
21,099
$
20,500
$
22,500
$
2,000
$
9.76%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Member Services Division)
COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
35
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Member Services Division)
COMPARISION TO
2013‐2014 BUDGET
Operating Services
Miscellan
eous Operating Services
988
$
1,500
$
1,500
$
‐$
0.00%
Printing Services
21,003
$
98,500
$
98,500
$
‐$
0.00%
Building/Equip/Vehicle M
aint.
5,319
$
5,800
$
5,800
$
‐$
0.00%
Rentals/Computer Lic. Software
25,733
$
25,000
$
25,000
$
‐$
0.00%
Dues and Subscriptions
922
$
1,000
$
1,000
$
‐$
0.00%
Mail, Delivery & Postage
365,014
$
420,000
$
420,000
$
‐$
0.00%
CPTP & Local Training
‐$
5,000
$
3,000
$
(2,000)
$
‐40.00%
Total Operating Services
418,979
$
556,800
$
554,800
$
(2,000)
$
‐0.36%
Professional Services
Professional Services Expenditures
626
$
1,000
$
1,000
$
‐$
0.00%
Disability
106,633
$
170,000
$
152,000
$
(18,000)
$
‐10.59%
Total Professional Services
107,259
$
171,000
$
153,000
$
(18,000)
$
‐10.53%
Total
4,219,215
$
4,919,300
$
4,818,300
$
(101,000)
$
‐2.05%
LASERS 2014-2015 Budget
36
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Personnel Services
Salaries
Regular Salaries
159,437
$
162,400
$
173,000
$
10,600
$
6.53%
Wages
10,045
$
18,800
$
24,800
$
6,000
$
31.91%
Total Salaries
169,482
$
181,200
$
197,800
$
16,600
$
9.16%
Related Benefits
Retirem
ent Contribution
48,333
$
50,850
$
64,000
$
13,150
$
25.86%
FICA‐ State Share
633
$
1,200
$
1,500
$
300
$
25.00%
Med
icare ‐ State Share
2,354
$
2,650
$
2,900
$
250
$
9.43%
Group Insurance
14,718
$
18,000
$
15,400
$
(2,600)
$
‐14.44%
Total Related Benefits
66,038
$
72,700
$
83,800
$
11,100
$
15.27%
Total Personnel Services
235,520
$
253,900
$
281,600
$
27,700
$
10.91%
Travel
In‐State Travel
I/S Convention and Training
35$
1,000
$
1,000
$
‐$
0.00%
Total In‐State Travel
35$
1,000
$
1,000
$
‐$
0.00%
Out‐of‐State Travel
O/S Convention and Training
‐$
3,000
$
2,000
$
(1,000)
$
‐33.33%
Total Out‐of‐State Travel
‐$
3,000
$
2,000
$
(1,000)
$
‐33.33%
Total Travel
35$
4,000
$
3,000
$
(1,000)
$
‐25.00%
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Public Information Division)
COMPARISION TO
2013‐2014 BUDGET
LASERS 2014-2015 Budget
37
PROPOSED
BUDGET
ACTUAL
BUDGET
BUDGET
CATEGORY
2012‐2013
2013‐2014
2014‐2015
AMOUNT
% Diff.
Proposed Operating Budget
Final 2013‐2014 ‐ Proposed 2014‐2015, (Public Information Division)
COMPARISION TO
2013‐2014 BUDGET
Operating Services
Advertising
3,245
$
5,000
$
4,000
$
(1,000)
$
‐20.00%
Printing Services
66,800
$
100,000
$
100,000
$
‐$
0.00%
Rentals/Computer Lic. Software
‐$
1,000
$
‐$
(1,000)
$
‐100.00%
Dues and Subscriptions
3,612
$
8,000
$
5,000
$
(3,000)
$
‐37.50%
CPTP & Local Training
267
$
2,000
$
1,000
$
(1,000)
$
‐50.00%
Total Operating Services
73,924
$
116,000
$
110,000
$
(6,000)
$
‐5.17%
Professional Services
Professional Services Expenditures
‐$
34,000
$
15,000
$
(19,000)
$
‐55.88%
Total Professional Services
‐$
34,000
$
15,000
$
(19,000)
$
‐55.88%
Total
309,479
$
407,900
$
409,600
$
1,700
$
0.42%
LASERS 2014-2015 Budget
38
Executive Directorʹs Office
201
Celestine, Aman
da K.
52689
Administrative Assistant 6
614
48,859
50,325
51,835
Executive Directorʹs Office
201
Rougeou, C
ynthia Y.
52694
Executive Director (U
/C)
UC
196,102
196,102
201,985
Dep
uty Director
201
LeB
lanc, M
aris E.
50330847
Dep
uty Director (U
/C)
UC
165,381
170,342
175,452
Dep
uty Director
201
Roshto, A
bby W
.50343851
Exec Staff Officer
616
63,315
65,215
67,171
Assistant Director
201
Boudreau
x III, B
ernard E.
52713
Assistant Director (U
/C)
UC
145,267
149,625
154,114
Assistant Director
201
Vacan
t199388
Administrative Assistant 5
613
42,952
44,241
45,568
Policy Planning
201
Vacan
t50343951
Policy Planner 3
615
49,182
50,657
52,177
Policy Planning
2 01
Walters, C
hristopher N
.50356929
Policy Planner 2
613
50,596
52,114
53,677
Facilities Mgmt/Receiving
201
Menner, A
ngelo J.
50372300
Maintenan
ce Rep
airer 2
212
49,525
51,011
52,541
Executive Division Total
9811,179
829,632
854,520
Legal Dep
artm
ent
203
Grant, Tina V.
50354599
U/C Executive Counsel
UC
140,566
144,783
149,126
Legal Dep
artm
ent
203
McK
insey, D
emetria A.
50309495
Administrative Assistant 5
613
52,624
54,203
55,829
Legal Dep
artm
ent
203
Roche III, Ken
neth L.
152721
Attorney 4
621
84,760
87,303
89,922
Legal Dep
artm
ent
203
Stark, R
oland S.
50374816
Attorney ‐ Dep Gen Counsel 1
623
87,734
90,366
93,077
Legal Department Total
4365,685
376,655
387,954
Audit Services Division
250
Babin, R
yan
172896
Audit Director 2
623
105,851
109,027
112,298
Audit Services Division
250
Jessica Carnell
50361252
Auditor 3
614
47,798
49,232
55,359
Audit Services Division
250
Cowell, H
ollie M
.166446
Audit M
anager
621
79,269
81,647
84,096
Audit Services Division
250
Lee, B
lake T.
170897
Auditor 3
617
61,672
63,522
65,428
Audit Services Division
250
Ran
dolph, Selena J.
50327363
Auditor 3
617
60,715
62,537
64,413
Audit Services Total
5355,306
365,965
381,594
Fiscal Division
301
Blanchard, Byron M
.165873
Accountant 3
615
51,334
52,874
54,460
Fiscal Division
301
Carpenter, W
retha L.
94409
Accountant Man
ager 3
621
84,677
87,217
89,834
Fiscal Division
301
Chen
, Shaw
ei165874
Accountant 3
615
49,005
50,475
51,989
Fiscal Division
301
Coan
, Bonnie
120432
Accountant Man
ager 2
619
82,805
85,289
87,848
Fiscal Division
301
Cooper, Shalan
do M
.198303
Accountant 3
615
61,360
63,201
65,097
Fiscal Division
301
Fillastre IV, A
rthur P.
52696
Accountant Admin 4
623
112,382
114,566
114,566
Fiscal Division
301
Foster, A
mber O.
140265
Accountant Man
ager 1
618
67,057
69,069
71,141
Fiscal Division
301
Gasperecz, N
icole M
.L.
50309497
Accountant 3
615
57,096
58,809
60,573
Fiscal Division
301
Guidry, B
randi N.
50309552
Accountant Supervisor 2
617
55,765
57,438
59,161
Fiscal Division
301
Johnson, K
atrina C.
052692
Accountant 3
615
56,659
58,359
60,110
Department Name
Dept.
Employee Name
Position
Number
Position Title
AS/TS
Level
Annual
Salary as
of 8/12/13
Projected
Salary for
2014‐2015
Projected
Salary for 2013‐
2014
LOUISIANA STATE EMPLOYEESʹ RETIREMENT SYSTEM
PERSONNEL BUDGET‐FOR FISCAL YEAR 2014‐2015
LASERS 2014-2015 Budget
39
Department Name
Dept.
Employee Name
Position
Number
Position Title
AS/TS
Level
Annual
Salary as
of 8/12/13
Projected
Salary for
2014‐2015
Projected
Salary for 2013‐
2014
LOUISIANA STATE EMPLOYEESʹ RETIREMENT SYSTEM
PERSONNEL BUDGET‐FOR FISCAL YEAR 2014‐2015
Fiscal Division
301
Joseph, M
ona F.
199386
Accountant 3
615
64,646
66,586
66,685
Fiscal Division
301
Leggette, K
elly M
.50309464
Accountant 3
615
58,365
60,116
61,919
Fiscal Division
301
Pitcher‐Jackson, C
asey D.
140170
Accountant Man
ager 2
619
73,070
75,262
77,520
Fiscal Division
301
Poindexter, Ernest D.
188608
Accountant Supervisor 2
617
65,790
67,764
69,797
Fiscal Division
301
Richard, Jan
ice
139879
Administrative Assistant 4
611
42,203
43,469
44,773
Fiscal Division
301
Richard, W
esley
50406878
Accountant 3 (planned
)615
44,668
46,008
49,758
Fiscal Division
301
Seils, Jeri J.
50309706
Accountant Man
ager 2
619
82,576
85,053
87,402
Fiscal Division
301
Singletary, M
elissa B.
50365506
Accountant 3
615
53,997
55,617
57,286
Fisc al Division
301
Smith, Jessica
50372858
Accountant 3
615
51,114
52,647
54,226
Fiscal Division
301
Stewart Jr., Charles L.
144374
Accountant 3
615
64,646
66,586
66,685
Fiscal Division
301
Tetzel, Jennifer K.
50348952
Accountant 3
615
52,894
54,481
56,115
Fiscal Division
301
Ubas, Josephine B.
50389690
Accountant Man
ager 1
618
66,685
68,685
70,746
Fiscal Division
301
Wells Jr., Francis S.
52716
Accounting Technician
611
36,774
37,878
39,014
Fiscal Division
301
Vacan
t121659
Accounting Technician
611
37,524
38,650
39,810
Fiscal Division
301
Vacan
t50348951
Budget Analyst 4
618
60,248
62,055
63,917
Fiscal Division Total
251,421,759
1,463,225
1,502,055
Human Resources Division
400
Hollins, Andrea
201256
HR Analyst C
615
49,358
50,839
52,364
Human Resources Division
400
Metoyer, Sheila T.
117267
HR Director A
619
87,402
87,402
87,402
Human Resources Division
400
Wilsford, B
arbara V.
160342
HR Analyst C
615
60,320
62,130
63,994
Human Resources Total
3197,080
200,371
203,760
Mem
ber Services Division
500
Accardo, Justin M
.50309481
Retirem
ent Benefits Analyst 3
612
37,524
39,778
42,679
Mem
ber Services Division
500
Adam
s, Tina M.
50465488
Retirem
ent Benefits Specialist
617
57,138
58,852
60,618
Mem
ber Services Division
500
Aker, V
irginia M
.50309551
Retirem
ent Benefits Analyst 3
615
53,768
55,381
57,042
Mem
ber Services Division
500
Allen
, Donald L.
50311656
Retirem
ent Benefits Analyst 3
615
46,134
47,518
48,944
Mem
ber Services Division
500
Baronne, Gregory J.
50308451
Retirem
ent Benefits Analyst 3
615
51,709
53,260
54,858
Mem
ber Services Division
500
Becnel, E
mily
199391
Retirem
ent Benefits Analyst 3
613
37,524
38,650
42,596
Mem
ber Services Division
500
Bishop, Joseph D.
50348927
Retire Benefits Supervisor
618
54,704
56,345
58,035
Mem
ber Services Division
500
Brumfield, B
rodie
168767
Retirem
ent Benefits Analyst 3
615
47,798
49,232
50,709
Mem
ber Services Division
500
Cam
pbell,Lau
ren A.
191899
Retirem
ent Benefits Analyst 3
613
41,746
44,417
45,750
Mem
ber Services Division
500
Casey, C
hristopher M
.50348928
Retirem
ent Benefits Analyst 3
613
41,746
43,716
45,027
Mem
ber Services Division
500
Dem
ouy, W
endy M
.50453417
Retirem
ent Benefits Educator
616
51,334
52,874
54,460
Mem
ber Services Division
500
Dillard, Sarah M
.50448397
Retirem
ent Benefits Analyst 3
613
41,746
44,417
45,750
LASERS 2014-2015 Budget
40
Department Name
Dept.
Employee Name
Position
Number
Position Title
AS/TS
Level
Annual
Salary as
of 8/12/13
Projected
Salary for
2014‐2015
Projected
Salary for 2013‐
2014
LOUISIANA STATE EMPLOYEESʹ RETIREMENT SYSTEM
PERSONNEL BUDGET‐FOR FISCAL YEAR 2014‐2015
Mem
ber Services Division
500
Drago, Jonathan M
.110522
Retirem
ent Benefits Mgr
619
63,128
65,022
66,973
Mem
ber Services Division
500
Ferran, Shan
e R.
50308428
Retirem
ent Benefits Analyst 3
613
41,746
44,417
45,750
Mem
ber Services Division
500
Frederick, M
atthew J.
50389958
Retirem
ent Benefits Specialist
617
59,176
60,951
62,780
Mem
ber Services Division
500
Gibbons, Tricia D.
50363467
Retirem
ent Benefits Asst. Admin.
620
75,442
77,705
80,036
Mem
ber Services Division
500
Goodrich, Susan P.
184208
Retirem
ent Benefits Analyst 3
615
51,709
53,260
54,858
Mem
ber Services Division
500
Harrell, Sheri L.
143916
Retire Benefits Supervisor
618
59,426
61,208
63,044
Mem
ber Services Division
500
Harris, Derek P.
50311657
Retirem
ent Benefits Analyst 3
615
49,899
51,396
52,938
Mem
ber Services Division
500
Harris, Jan
et50351447
Retirem
ent Ed Consultan
t617
61,547
63,394
65,296
Mem
ber Services Division
500
Hen
ry, Jam
ie B.
50309500
Retirem
ent Benefits Analyst 3
613
41,746
42,998
48,717
Mem
ber Services Division
500
Hulbert, Jacqueline A.
52697
Administrative Coordinator 3
609
36,878
37,985
39,125
Mem
ber Services Division
500
Jones, C
arlos M.
180562
Retirem
ent Benefits Analyst 3
615
51,875
53,431
55,034
Mem
ber Services Division
500
Kern, M
ichael J.
202416
Retirem
ent Benefits Analyst 3
615
63,066
64,958
66,685
Mem
ber Services Division
500
Kleinpeter, D
ebra H
.199387
Administrative Coordinator 3
609
36,878
37,985
39,125
Mem
ber Services Division
500
Lam
bert, David J.
50338611
Retirem
ent Benefits Educator
616
49,188
50,664
52,184
Mem
ber Services Division
500
Lan
dry, A
shley T.
50389959
Retirem
ent Benefits Analyst 3
615
47,798
49,232
50,709
Mem
ber Services Division
500
Lefebvre, D
avid J.
50338610
Retirem
ent Benefits Educator
616
57,533
59,259
61,037
Mem
ber Services Division
500
Marino, R
ebecca N
.153334
Retire Benefits Supervisor
618
57,138
58,852
60,618
Mem
ber Services Division
500
McC
linton, A
man
da G.
50348929
Retirem
ent Benefits Analyst 3
615
47,798
49,232
50,709
Mem
ber Services Division
500
Moton, San
dras L.
50309667
Retirem
ent Benefits Analyst 3
615
53,768
55,381
57,042
Mem
ber Services Division
500
Oldham‐Sullivan
, Autumn E.
153333
Retire Benefits Supervisor
618
61,547
63,394
65,296
Mem
ber Services Division
500
Pavlovich, P
atricia
121530
Administrative Coordinator 3
609
34,091
35,114
36,167
Mem
ber Services Division
500
Peneguy, Jeanne E.
50363468
Retirem
ent Benefits Man
ager
619
63,336
65,236
67,193
Mem
ber Services Division
500
Porterfield, P
amela N.
198045
Retirem
ent Benefits Analyst 3
615
52,208
53,774
55,387
Mem
ber Services Division
500
Rivet, B
renda F.
111841
Retirem
ent Benefits Analyst 3
615
61,568
63,415
65,317
Mem
ber Services Division
500
Romero, A
imee
50309703
Retirem
ent Benefits Analyst 3
615
51,709
53,260
54,858
Mem
ber Services Division
500
Schexnayder, John
80314
Retirem
ent Benefits Analyst 3
615
51,709
53,260
54,858
Mem
ber Services Division
500
Scott, W
inifred
50316486
Administrative Coordinator 4
611
42,203
43,469
44,773
Mem
ber Services Division
500
Sweet, M
arkita N.
199394
Retirem
ent Benefits Analyst 3
615
51,896
53,453
55,057
Mem
ber Services Division
500
Taylor, Cynthia A.
183566
Retirem
ent Benefits Admin
622
88,171
90,816
93,540
Mem
ber Services Division
500
Tran, Pau
l T.
50308430
Retirem
ent Benefits Analyst 3
615
47,798
49,232
50,709
Mem
ber Services Division
500
Trosclair, Jacob
50408777
Retirem
ent Benefits Analyst 3
613
41,746
43,355
44,656
Mem
ber Services Division
500
Turner, G
aylen
52710
Administrative Coordinator 3
609
36,500
37,595
38,723
Mem
ber Services Division
500
Vince, A
llison L.
52714
Retirem
ent Benefits Specialist
617
52,811
54,395
56,027
LASERS 2014-2015 Budget
41
Department Name
Dept.
Employee Name
Position
Number
Position Title
AS/TS
Level
Annual
Salary as
of 8/12/13
Projected
Salary for
2014‐2015
Projected
Salary for 2013‐
2014
LOUISIANA STATE EMPLOYEESʹ RETIREMENT SYSTEM
PERSONNEL BUDGET‐FOR FISCAL YEAR 2014‐2015
Mem
ber Services Division
500
Vining, D
anielle R.
198760
Retirem
ent Benefits Analyst 3
615
49,899
51,396
52,938
Mem
ber Services Division
500
Welchez, C
arla F.
50321051
Retire Benefits Supervisor
618
57,138
58,852
60,618
Mem
ber Services Division
500
William
s, Rita A.
184206
Retirem
ent Benefits Analyst 3
615
53,768
55,381
57,042
Mem
ber Services Division
500
Wood, C
harles
126702
Retirem
ent Benefits Analyst 3
613
40,144
41,692
42,943
Mem
ber Services Division
500
Vacan
t199396
Retirem
ent Benefits Analyst 3
613
42,952
44,241
45,568
Mem
ber Services Division
500
Vacan
t203685
Retirem
ent Benefits Analyst 3
613
42,952
44,241
45,568
Mem
ber Services Division
500
Vacan
t199392
Retirem
ent Benefits Analyst 3
613
42952
44,241
45,568
Member Services Total
522,469,328
2,549,081
2,632,551
Public Inform
ation Division
600
Can
trell, Susan
50320774
Computer Graphics Designer Adv
306
46,821
48,225
49,672
Public Inform
ation Division
600
Norm
and, T
onja N
.123650
Public info Director 2
619
68,682
70,742
72,864
Public Inform
ation Division
600
Sharp, M
allory M
.164269
Public Info Officer 3
615
47,653
49,082
50,554
Public Information Total
3163,155
168,049
173,090
Inform
ation Technology Division
701
Amous, Osama A.
150631
IT Tech Sup Spec 3
313
67,974
70,014
72,114
Inform
ation Technology Di vision
701
Arm
strong, L
ance J.
117675
IT Director 3
320
123,219
126,916
130,723
Inform
ation Technology Division
701
Bowden
, Dan
50326450
IT Dep
uty Director 2
318
97,760
100,693
103,714
Inform
ation Technology Division
701
Brasseaux, D
avid M
.50399273
IT Ap Prg/A
nalyst 2
312
62,192
64,058
65,980
Inform
ation Technology Division
701
Brown, Jacqueline Y.
121891
IT Production Control Tech 3
305
46,259
47,647
49,076
Inform
ation Technology Division
701
Byrd, G
regory P.
50346876
IT Tech Support M
anager
316
84,656
87,196
89,812
Inform
ation Technology Division
701
Cavell, Shan
non
142231
IT Ap Prg/A
nalyst 2
312
71,552
73,699
75,910
Inform
ation Technology Division
701
Devillier, John A.
185260
IT M
gmt Consultan
t 1
314
83,304
85,803
88,377
Inform
ation Technology Division
701
Fitch, B
rent
144938
IT Tech Sup Supv
315
80,205
82,611
85,089
Inform
ation Technology Division
701
Harrison Jr., C
larence B
.50309672
IT Tech Sup Spec 3
313
69,056
71,128
73,262
Inform
ation Technology Division
701
Harrison, W
illiam E.
50326476
IT Tech Support Consultan
t315
84,365
86,896
89,503
Inform
ation Technology Division
701
Haymer, Shermaine
50309549
IT Appl Project Leader
314
80,000
82,400
84,872
Inform
ation Technology Division
701
Hen
ry, D
arlene L.
95535
IT Office Specialist 2
304
41,954
43,212
44,508
Inform
ation Technology Division
701
Hooker, Jr., C
harles
142229
IT Ap Prg/A
nalyst 2
312
65,520
67,486
69,511
Inform
ation Technology Division
701
Kelly,Bryan A.
144936
IT Ap Prg/A
nalyst 2
312
67,600
69,628
71,717
Inform
ation Technology Division
701
Lott Jr., D
ewitt L.
50309669
IT Ap Prg/A
nalyst 2
312
66,706
68,707
70,768
Inform
ation Technology Division
701
Miller, Barney
50385210
IT Tech Sup Spec 3
313
67,496
69,521
71,607
Inform
ation Technology Division
701
Phipps, Steven P.
50378851
IT Tech Sup Supv
315
73,466
75,670
77,940
Inform
ation Technology Division
701
Scelfo Jr., K
enny P.
50378852
IT App Prog/A
nal 3 DCL
314
81,078
83,511
86,016
Inform
ation Technology Division
701
Schoonmaker, John E.
52690
IT Applications Mgr 2
316
97,178
100,093
103,096
Inform
ation Technology Division
701
Sprouse, Johnathon P.
164621
IT Appl Project Leader
314
81,578
84,025
86,546
Inform
ation Technology Division
701
Suliman
, Fathi A.
50378825
IT Appl Project Leader
314
86,944
89,552
92,239
LASERS 2014-2015 Budget
42
Department Name
Dept.
Employee Name
Position
Number
Position Title
AS/TS
Level
Annual
Salary as
of 8/12/13
Projected
Salary for
2014‐2015
Projected
Salary for 2013‐
2014
LOUISIANA STATE EMPLOYEESʹ RETIREMENT SYSTEM
PERSONNEL BUDGET‐FOR FISCAL YEAR 2014‐2015
Inform
ation Technology Division
701
Theriot, Jonathan D.
113307
IT Ap Prg/A
nalyst 2
310
44,387
45,719
47,091
Inform
ation Technology Division
701
Thurm
an, Shan
e50400125
IT Liaison Officer 4
311
63,336
65,236
67,193
Inform
ation Technology Division
701
Weimer, M
arjorie L.
50384060
Administrative Assistant 4
611
43,888
45,205
46,561
Inform
ation Technology Division
701
Wilkins, Robert J.
50455309
IT App Prog/A
nal 3 DCL
314
70,720
72,842
75,027
Inform
ation Technology Division
701
Vacan
t50389793
IT Liaison Officer 4
311
63,799
65,713
67,684
IT Division Total
271,966,191
2,025,181
2,085,936
Investm
ents Division
800
Beale, R
obert W.
117754
Chief Invest Officer (U/C)
UC
203,944
210,062
216,364
Investm
ents Division
800
Brousseau, Jacques M
.50448580
Mgr of Alt Assets (U
/C)
UC
100,000
103,000
106,090
Investm
ents Division
800
Fournerat, Darren G.
50380560
Director of Alternatives (U/C)
UC
104,000
107,120
110,334
Investm
ents Division
800
Funderburk, C
eleste D.
50380559
Director of Public Markets (U
/C)
UC
116,854
120,360
123,971
Investm
ents Division
800
Lacombe, Alisa
50448581
Mgr of Invest Operations (U
/C)
UC
105,040
108,191
111,437
Investm
ents Division
800
San
ders, Lindsay
50448579
Man
ager of Private Markets (U
/C)
UC
104,000
107,120
110,334
Investm
ents Division
800
Searles, T
roy B.
50370515
Dep Chief Invest Off (U/C)
UC
148,803
153,267
157,865
Investm
ents Division
800
Weaver, C
haryn C.
50357325
Administrative Assistant 5
613
52,187
53,753
55,366
Investm
ents Division
800
Vacan
t50448578
Mgr of Invest (U
/C)
UC
100,000
100,000
100,000
Investments Division Total
91,034,829
1,062,873
1,091,761
LASERSʹ Total Salaries excluding Intern Wages:
8,784,512
9,041,032
9,313,221
U/C
Grand Total:
137
Assumptions:
Interns:
1.) All classified employees will receive a 4% m
erit increase effective 10/1/13 an
d 10/1/14.
2.) All unclassified
s will receive a 4% m
erit increase effective 10/1/13 an
d 10/1/14.
3.) Annual Salaries estimated at the Mid Ran
ge for vacan
t classified positions, except for IT positions which are estim
ated at 3rd quartile
4.) Any reallocation increases due before 7/1/14 were incorporated into the current an
nual salary figure
* This sched
ule is designed as a test of the actual personnel budget w
hich is developed using trend analysis an
d is not expected to equal it.
Plus Deede $29
16 w
orking 42
weeks @ 20
hrs & 10 wks
@ 40 hrs all @
LASERS 2014-2015 Budget
43
LASERS 2014-2015 Budget
44
BOAR
D O
F TR
UST
EES
EXEC
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VE D
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TY D
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N #
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LASERS 2014-2015 Budget
45
2 FU
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LASERS 2014-2015 Budget
46
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LASERS 2014-2015 Budget
47
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LASERS 2014-2015 Budget
48
5 FU
LL-T
IME
POSI
TIO
NS
1 PA
RT-T
IME
POSI
TIO
N
AUD
IT S
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Last
Mod
ified
09/
24/2
013
Audi
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8540
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897
LASERS 2014-2015 Budget
49
25 F
ULL
-TIM
E PO
SITI
ON
S 1
PAR
T-TI
ME
POSI
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FISC
AL D
IVIS
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Last
Mod
ified
09/
24/2
013
FISC
AL D
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#25
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coun
tant
Adm
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AS-6
23Ar
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1597
80/5
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7100
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808
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9340
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17Br
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1596
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1393
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9370
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1393
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AS-6
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9720
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1597
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9370
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15Je
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1393
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15Ka
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9370
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92
LASERS 2014-2015 Budget
50
3 FU
LL-T
IME
POSI
TIO
NS
1 PA
RT-T
IME
POSI
TIO
N
HU
MAN
RES
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DIV
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N
Last
Mod
ified
09/
24/2
013
Hum
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esou
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Dire
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A *
AS-6
19Sh
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1708
90/1
1726
7
Hum
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AS-6
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1708
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6
Hum
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1708
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6034
2
Inte
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5071
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8611
5
LASERS 2014-2015 Budget
51
27 F
ULL
-TIM
E PO
SITI
ON
S 2
PAR
T-TI
ME
POSI
TIO
NS
INFO
RMAT
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TEC
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DIV
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N
Last
Mod
ified
09/
24/2
013
IT D
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1635
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5 Adm
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1680
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1704
90/5
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3150
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6
IT T
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1631
40/5
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13O
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1631
20/1
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13Ch
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1631
20/5
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672
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3140
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3130
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3120
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8521
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1632
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2189
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1635
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5535
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1630
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1630
50/1
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3030
/142
231
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-312
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3030
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936
IT A
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-312
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les H
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3030
/142
229
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3040
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7885
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-312
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1630
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669
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asse
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1630
30/5
0399
273
IT M
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14Jo
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1631
60/1
8526
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4Ro
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1630
40/5
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309
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arne
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7100
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4841
4
IT L
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TS-3
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CAN
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6380
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8979
3
IT L
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11Sh
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1663
80/5
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125
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14Fa
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3050
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5
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aym
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3040
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7175
4
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1630
20/1
1330
7
Inte
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U/C
Davi
d Ca
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7100
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138
LASERS 2014-2015 Budget
52
9 FU
LL-T
IME
POSI
TIO
NS
2 PA
RT-T
IME
POSI
TIO
NS
INVE
STM
ENTS
DIV
ISIO
N
Last
Mod
ified
09/
24/2
013
Chie
f Inv
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ent O
ffice
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/CBo
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Beal
e50
2410
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754
Adm
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sista
nt 5
*AS
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Wea
ver
1680
80/5
0357
325
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ty C
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ent O
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earle
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0220
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7051
5
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5038
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0380
560
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5038
20/5
0380
559
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ager
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5260
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4857
9
Man
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5052
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581
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5260
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4858
0
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7100
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615
Man
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5052
60/5
0448
578
Inte
rn *
U/C
VACA
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5071
00/1
6761
4
LASERS 2014-2015 Budget
53
4 FU
LL-T
IME
POSI
TIO
NS
1 PA
RT-T
IME
POSI
TIO
N
LEG
AL D
IVIS
ION
Last
Mod
ified
09/
24/2
013
Exec
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unse
l *U
/CTi
na G
rant
5041
70/5
0354
599 Ad
min
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Assis
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5 *
AS-6
13De
met
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cKin
sey
1680
80/5
0309
495
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Dep
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eral
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AS-6
23St
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1480
/503
7481
6
Atto
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4 *
AS-6
21Tr
ey R
oche
1714
70/1
5272
1
Inte
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Law
Cle
rkM
ary
Tate
5071
00/5
0353
209
LASERS 2014-2015 Budget
54
52 F
ULL
-TIM
E PO
SIIT
ON
S 7
PAR
T-TI
ME
POSI
TIO
NS
MEM
BER
SERV
ICES
DIV
ISIO
N
Last
Mod
ified
09/
24/2
013
Retir
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Adm
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y Ta
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1629
30/1
8356
6
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9160
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6346
7
Retir
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ager
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2530
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522
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sor *
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18Re
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arin
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2540
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334
Retir
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lyst
3 *
AS-6
15M
ike
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1584
20/2
0241
6
Retir
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efits
Ana
lyst
3 *
AS-6
15Su
san
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8420
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208
Retir
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12Ja
mie
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ry12
2500
/503
0950
0
Inte
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7100
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763
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2540
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2105
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8420
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7
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3 *
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0955
1
Retir
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2 *
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13Sa
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2510
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4839
7
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13La
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2510
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899
Retir
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12M
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7100
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396
Retir
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1 *
AS-6
12Va
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1225
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0368
5
Inte
rn *
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5071
00/1
7910
6
Retir
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1728
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958
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1225
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0348
927
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8420
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045
Retir
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1584
20/5
0308
451
Retir
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391
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AS-6
12Ju
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1225
00/5
0309
481
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AS-6
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8420
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767
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1 *
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12VA
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392
Inte
rn *
U/C
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7100
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762
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AS-6
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916
Retir
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8420
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760
Retir
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2 *
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13M
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1225
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0348
928
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AS-6
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Retir
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1584
20/5
0308
430
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Inte
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5071
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0356
380
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959
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8420
6
Retir
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15Jo
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2510
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702
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2550
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ates
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2
LASERS 2014-2015 Budget
55
3 FU
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LASERS 2014-2015 Budget
56
ACFE Association of Certified Fraud Examiners
AFP Association for Finance Professionals
AICPA American Institute of Certified Public Accountants
APPFA Association of Public Pension Fund Auditors
AS/400 IBM iSeries Server
BR Baton Rouge
CAFR Comprehensive Annual Financial Report
CAIA Chartered Alternative Investment Analyst Association
CAPPP Certificate of Achievement in Public Plan Policy
CEBS Certified Employee Benefit Specialist
CD Computer Disc
CFA Chartered Financial Analyst
CISA Certified Information Systems Auditor
CISD Council of Information Service Directors
COGEL Council on Governmental Ethics Laws
CPA Certified Public Accountant
CPTP Comprehensive Public Training Program
DROP Deferred Retirement Option Plan
ECM Enterprise Content Manager
FABL Foundation for a Better Louisiana
FICA Federal Insurance Contributions Act
FTE Full ‐Time Employee
FY Fiscal Year
GASB Governmental Accounting Standards Board
GFOA Government Finance Officers Association
HR Human Resources
I/S In‐State
IAAP International Association of Administrative Professionals
IFEBP International Foundation of Employee Benefit Plans
IIA Institute of Internal Auditors
ISACA Information Systems Audit and Control Association
IT Information Technology
JDE J D Edwards
LA Louisiana
LAPERS Louisiana Association of Public Employee Retirement Systems
LATEC Louisiana Trustee Education Council
LPC Louisiana Personnel Council
LSCPM Louisiana Society of Certified Public Managers
NAPPA National Association of Public Pension Fund Attorneys
NASIO National Association of State Investment Officers
NASRA National Association of State Retirement Administrators
Acronym List
2014‐2015 Budget Supplemental Data
Acronyms
LASERS 2014-2015 Budget
57
NCPERS National Conference on Public Employee Retirement Systems
NPEA National Pre‐Retirement Education Association
O/S Out‐of‐State
OSRAP Office of Statewide Reporting and Accounting Policy
OT Overtime
P2F2 Public Pension Fund Forum
PAR Public Affairs Research Council
PC Personal Computer
PCC Postal Customer Council
PID Public Information Division
PMI Project Management Institute
PRISM Public Retirement Information Systems Management
PY Prior Year
RSEA Retired State Employeesʹ Association
SANS System Administration, Audit, Network, and Security
SHRM Society of Human Resource Management
U/C Unclassified
WSJ Wall Street Journal
LASERS 2014-2015 Budget
58
Existing Proposed Total
Prior Year Operating Operating Proposed
Actual Budget Budget Over/Under %
FY 12‐13 FY 13‐14 FY 14‐15 Existing Change
Means of Financing:
State General Fund by:
Fees and Self‐generated Revenues 46,524,984$ 48,155,500$ 54,360,700$ 6,205,200$ 12.9%
Total Means of Financing 46,524,984$ 48,155,500$ 54,360,700$ 6,205,200$ 12.9%
Expenditures & Request:
Personnel Services 12,405,777 13,949,500 14,556,000 606,500 4.3%
Operating Expenses 3,115,768 3,548,000 3,533,700 (14,300) ‐0.4%
Professional Services 482,290 1,071,000 981,000 (90,000) ‐8.4%
Acquisitions & Major Repairs 402,751 878,000 290,000 (588,000) ‐67.0%
Investment Management Fees 30,118,398 28,709,000 35,000,000 6,291,000 21.9%
Total Expenditures & Request: 46,524,984 48,155,500 54,360,700 6,205,200 12.9%
Authorized Full‐Time Equivalents:
Classified 125 125 125 0 0.0%
Unclassified 12 12 12 0 0.0%
Total FTEs 137 137 137 0 0.0%
Funding for LASERSʹ operating budget comes from three (3) sources: employer contributions,
employee contributions, and earnings from trust fund investments.
Source of Funding
Louisiana State Employeesʹ Retirement System (LASERS)
Program Authorization: Const. Art. 10, Section 29; R.S. 11:401 et seq.
Agency Description
LASERS is a public trust fund created in 1946 to provide retirement allowances and other
benefits for state officers and employees and their beneficiaries.
FY 2014‐2015 Budget Summary
LASERS 2014-2015 Budget
59
48,155,500$ FY 13‐14 Existing Operating Budget
52,800$
Annualized Classified State Employee Civil Service
Adjustments/Reallocations
168,800$ Classified State Employee Civil Service Adjustments/Reallocations
11,800$ Annualized Unclassified State Employee Civil Service Adjustments
35,300$ Unclassified State Employee Civil Service Adjustments
617,800$ State Employee Retirement Rate Adjustment
(143,000)$ Group Insurance Adjustment
290,000$ Acquisitions & Major Repairs
(878,000)$ Non‐recurring Acquisitions & Major Repairs
2,000$ Risk Management
‐$ Rent in State‐Owned Buildings
(11,700)$ Civil Service/CPTP/ Local Training
8,000$ Net Travel
(137,000)$ Other Adjustments: Termination & OT Pay; FICA; Medicare Tax,
Unemployment Benefits; Wages
5,000$ Other Adjustments: Operational Supplies
(90,000)$ Other Adjustments: Professional Services
6,291,000$ Other Adjustments: Investment Management Fees
6,205,200$ Total Proposed Adjustments
54,360,700$ FY 14‐15 Proposed Operating Budget
Major Changes From Existing Operating Budget: LASERS
Net Operating Services: Primarily Computer Licenses & Maintenance,
Postage and Printing(17,600)$
LASERS 2014-2015 Budget
60
AverageNumber Occupational Group Salary
12 Unclassified - Executive Administrative 143,089$
5 Clerical and Records Management 39,583$
29 Accounting and Auditing 63,410$
47 Rate and Financial Analysis 51,801$
2 Legal 91,500$
6 General Administrative 49,989$
3 Human Resources and Employment 67,920$
26 Information Technology 78,438$
4 Planning, Research and Management Analysis 56,392$
3 Promotion and Information 57,697$
137 Total Positions 67,980$
75,000$ Financial Statement External Audit
100,000$ Executive Division: Agency Projects including Board Governance,Legislative Projects
3,000$ Human Resources: Temporary Staffing
120,000$ Information Technology-Solaris Support, Legislative
1,000$ Member Services: Sign Language Interpreter
15,000$ Public Information: MultiMedia Productions, Board Election
Table of Organization: LASERS
Professional Services: LASERS
Accounting & Auditing
Professional Services Expenditures
LASERS 2014-2015 Budget
61
155,000$ Tax Counsel, Disability, Security Litigation & Alternative Investment
10,000$ Employment Attorney
152,000$ Physician charges - Disability program
347,000$ System Actuary - Foster & Foster, and Hall Associates
3,000$ Pro Rata Share for State Actuary
981,000$ Total Professional Services
Professional Services: LASERS (cont'd.)
Legal
Medical/Disability
Actuarial
Legal Support
LASERS 2014-2015 Budget
62
15,000$ Executive Division acquisitions for agency projects
25,000$ Purchase of one new vehicle
110,000$ Mobile PCs, Disk & SAN Space, Blade Servers
90,000$ Miscellaneous agency-wide computer/software needs
37,000$ Cisco Updates, Security Appliance, Applications PC Upgrades
7,000$ Development Tools
6,000$ Security & Encryption Software
290,000$ Total Acquisitions
Acquisitions & Major Repairs: LASERS
Office Equipment
Computers
Vehicles
LASERS 2014-2015 Budget
63
15,675,000$ Emerging Markets Investment Advisors
3,577,000$ Domestic Small Cap Investment Advisors
804,000$ International Large Cap Investment Advisors
885,000$ Domestic Large Cap Investment Advisors
2,107,000$ High Yield Fixed Income Investment Advisors
2,534,000$ International Small Cap Investment Advisors
2,089,000$ Opportunistic Mortgage
2,264,000$ Real Assets
868,000$ Investment Operational Expenses
326,000$ Emerging Market Debt
677,000$ Core Fixed Income Investment Advisors
665,000$ Investment Consultant
2,529,000$ Global Tactical Assets
35,000,000$ Total Investment Management Fees
Projected investment management fees are calculated based on the fundʹs future value. The
specific dollar amount is determined by the asset class growth rate provided to LASERS by its
pension consultant, as well as the percentage fee the manager charges.
Note: Domestic Large Cap and Mid Cap Funds are managed almost all internally.
Cash equivalents are managed by the LASERS custodian to provide liquidity.
Alternative Investment Expenses are disclosed on the ʺStatement of Changes in Plan
Net Positionʺ in LASERS Comprehensive Annual Financial Report (CAFR) according
to guidelines issued by the Office of Statewide Reporting and Accounting Policy.
Investment Management Fees: LASERS
Based on Market Values in June 2013
LASERS 2014-2015 Budget
64
Actual Actual Projected Projected6/30/2012 6/30/2013 6/30/2014 6/30/2015
Membership Census 1) Retirees 44,944 49,587 51,219 51,219 2) Actives 52,352 44,111 40,582 40,582 3) DROP 2,577 2,092 1,973 1,973
Annual Benefits ($M) $978.97 $1,070.41 $1,161.39 $1,164.61
Asset Valuation ($B) $9.03 $9.75 n/av n/av
Experience Account ($M) $0.00 $187.18 n/av n/av
Investment YieldMarket Value -0.10% 11.81% n/av n/avActuarial Value 5.20% 14.05% n/av n/av
Unfunded Accrued Liability* ($B) $7.13 $6.43 n/av n/av
Funded Ratio 55.9% 60.2% n/av n/av
Employee Contribution Rate 7.844% 7.870% 7.915%
Employer Contribution Rate**Normal Cost 6.8% 6.1% 6.5% 6.5%UAL 22.6% 25.5% 30.9% 30.9%Total 29.4% 31.7% 37.4% 37.4%
* UAL cannot be accurately predicted into future periods.
** Employer Contribution Rate set by Public Employees' Retirement Systems Actuarial Committee. The employer contribution rates are the actuarially projected rates forthe following fiscal year (e.g., rates at 6/30/13 are for FY 13-14). The rates shownare an aggregate of all LASERS Plans and therefore the total may not tie to the sumof the normal cost and UAL.
n/av = not yet available
Performance Information: LASERS
LASERS 2014-2015 Budget
65
FY 2014-15 1,304,166$ FY 2015-16 938,923$ Total 2,243,089$
Multi-Year Projects: LASERS
Multi-Year Project Budget
The LASERS Board of Trustees authorized a $2.2 million multi-year project budgetin FY 2014 to upgrade LASERS imaging and financial accounting systems based on the results of requests for information issued on the projects. A description of the projects is below:
Enterprise Content Management Project - The imaging system will be upgraded from IBM's Content Manager for iSeries version 5.4 to Content Manager P8 in the Window's environment. A request for proposal will be issued for the imaging system upgrade during the first quarter of FY 2015 with the project expected to start in the second half of FY 2015.
J. D. Edwards Upgrade Project - Support has ended for the J. D. Edward's financial accounting system and The iConsortium has been contracted to upgrade the system to the latest version. The project is expected to be completed by middle of FY 2015.
LASERS 2014-2015 Budget
66
This public document was published at a total cost of $21.45 each. Thirty‐two (32)
copies of this public document were published in this second printing at a cost of
$686.28. The total cost of all printings of this document, including reprints is
$865.60. This document was published by Louisiana State Employees’ Retirement
System, P. O. Box 44213, Baton Rouge, LA 70804‐4213, to disseminate budget
information to the LASERS Board of Trustees and to Louisiana policymakers
under authority of La. R.S. 11:515. This material was printed in accordance with
the standards for printing by state agencies established pursuant to La. R.S. 43:31.