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124 - Department of Retirement Systems

Last Updated: 04/04/2024

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
5,264 Underexpenditure
11.9% Underexpenditure

Planned vs. Actual Cumulative Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - All Funds

Monthly Planned vs. Actual Expenditures - GFS

Expenditure by Program

Program Estimate Actual Variance % Variance
Administration 13,572 13,236 336 2.5%
Retirement Operations 8,415 7,535 881 10.5%
Information Services 20,176 16,535 3,641 18.0%
Deferred Compensation 1,803 1,402 401 22.2%
Old Age and Survivors Insurance Program 120 115 6 4.7%
Totals 44,086 38,823 5,265 11.9%

FTE

Program Estimate Actual Variance % Variance
Administration 91 74 17 18.8%
Retirement Operations 138 121 17 12.3%
Information Services 106 77 30 27.8%
Deferred Compensation 20 17 3 14.1%
Old Age and Survivors Insurance Program 1 1 0.10 7.7%
Totals 357 290 67 18.7%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund State 387 263 124 32.1%
Other Funds Non-Appropriated 6,245 5,795 449 7.2%
Other Funds State 37,455 32,765 4,690 12.5%
Totals 44,087 38,823 5,263 11.9%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
Other Funds State 40,023 40,637 614 1.5%
Totals 40,023 40,637 614 1.5%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Department of Retirement Systems Expense Account (29) 11,737
Money-Purchase Retire Savings Admin Acct
OASI Revolving Account (115) 6

Revenue by Fund

Program Estimate Actual Variance % Variance
Department of Retirement Systems Expense Account 38,739 38,576 (163) (0.4%)
OASI Revolving Account
Deferred Compensation Administrative Account 1,284 2,061 777 60.5%
Totals 40,023 40,637 614 1.5%