Page 396 - FY 2021-22 Proposed Budget

LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM

SCHEDULE 2 -- ADMINISTRATIVE EXPENSE

Estimated Budget
Expenditures Budget Expenditures Appropriation
2019-20 2020-21 2020-21 2021-22

SALARIES
$ 15,178,877 $ 15,338,149 $ 17,454,000 General.............................................................. $ 17,402,395
-- 537,200 483,000 As Needed......................................................... $ 329,215

327,815 333,512 458,000 Overtime............................................................ 485,823
$ 15,506,692 $ 16,208,861 $ 18,395,000 Total Salaries........................................................ $ 18,217,433

EXPENSE
$ 123,181 $ 114,000 $ 126,000 Printing and Binding.......................................... $ 155,500
96,573 106,315 9,000 Travel................................................................. 100,815
6,178,415 6,829,700 7,010,424 Employee Benefits............................................. 8,167,220
4,309,092 4,812,330 5,169,000 Contracts............................................................ 4,761,301
2,249,798 1,329,926 1,445,000 Office and Administrative.................................. 1,204,864
$ 12,957,059 $ 13,192,271 $ 13,759,424 Total Expense....................................................... $ 14,389,700

EQUIPMENT
$ 257,636 $ 547,116 $ 600,000 Furniture, Office and Technical Equipment...... $ 162,100
$ 257,636 $ 547,116 $ 600,000 Total Equipment.................................................... $ 162,100

$ 28,721,387 $ 29,948,248 $ 32,754,424 Total Administrative Expense............................... $ 32,769,233

ADMINISTRATIVE EXPENSE -- 115 TRUST

Estimated Budget
Expenditures Budget Expenditures Appropriation
2019-20 2020-21 2020-21 2021-22

EXPENSE

$ 751,235 $ 783,000 $ 770,000 Self Funded Insurance Administrative Fee....... $ 864,000
7,258 70,000 - Contracts............................................................ 70,000
229,381 60,000 442,000 Office and Administrative.................................. 642,000

$ 987,874 $ 913,000 $ 1,212,000 Total Expense....................................................... $ 1,576,000

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