Page 400 - FY 2022-23 Proposed Budget

LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM

SCHEDULE 2 -- ADMINISTRATIVE EXPENSE 1

Estimated Budget
Expenditures Budget Expenditures Appropriation
2020-21 2021-22 2021-22 2022-23

SALARIES
$ 17,685,900 $ 16,696,575 $ 17,355,000 General............................................................. $ 19,360,152
468,868 630,851 415,000 As Needed........................................................ $ 664,985
526,569 485,823 454,000 Overtime............................................................ 486,854
$ 18,681,337 $ 17,813,249 $ 18,224,000 Total Salaries........................................................ $ 20,511,991

EXPENSE
$ 52,693 $ 155,500 $ 121,000 Printing and Binding.......................................... $ 190,500
-- 96,815 42,000 Travel................................................................ 139,665
7,338,434 8,362,800 8,316,000 Employee Benefits............................................ 9,551,390
-- 9,500 2,000 Transportation Expense.................................... 11,000
4,083,430 5,025,726 4,778,000 Contracts........................................................... 7,520,435
1,068,698 1,278,758 1,129,000 Office and Administrative.................................. 1,614,710
$ 12,543,255 $ 14,929,099 $ 14,388,000 Total Expense....................................................... $ 19,027,700

EQUIPMENT
$ 566,563 $ 162,100 $ 249,000 Furniture, Office and Technical Equipment....... $ 247,100
$ 566,563 $ 162,100 $ 249,000 Total Equipment.................................................... $ 247,100

$ 31,791,155 $ 32,904,448 $ 32,861,000 Total Administrative Expense............................... $ 39,786,791

1. The Schedule 2 - Administrative Expenses includes the 115 Trust Fund administrative expenses.

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