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124 - Department of Retirement Systems

Last Updated: 10/07/2024

Summary Financial Report for 2023-25 Biennium to Date

Dollars in thousands

All Funds Variance to Date
7,879 Underexpenditure
9.8% 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 23,826 23,212 614 2.6%
Retirement Operations 14,580 13,186 1,394 9.6%
Information Services 38,570 33,453 5,117 13.3%
Deferred Compensation 3,210 2,469 741 23.1%
Old Age and Survivors Insurance Program 216 203 13 6.1%
Totals 80,402 72,523 7,879 9.8%

FTE

Program Estimate Actual Variance % Variance
Administration 92 74 18 19.2%
Retirement Operations 138 122 16 11.5%
Information Services 107 80 27 25.3%
Deferred Compensation 20 17 3 15.5%
Old Age and Survivors Insurance Program 1 1 0.10 7.7%
Totals 358 294 64 17.8%

Expenditure by Fund Group

Program Estimate Actual Variance % Variance
General Fund State 387 263 124 32.1%
Other Funds Non-Appropriated 11,118 10,292 826 7.4%
Other Funds State 68,897 61,968 6,929 10.1%
Totals 80,402 72,523 7,879 9.8%

Revenue by Fund Group

Program Estimate Actual Variance % Variance
Other Funds State 71,903 75,758 3,855 5.4%
Totals 71,903 75,758 3,855 5.4%

Deficit Fund Balance

Program BTD Balance Proj. Balance
Department of Retirement Systems Expense Account (1,060) (829)
Money-Purchase Retire Savings Admin Acct
OASI Revolving Account (20) 35

Revenue by Fund

Program Estimate Actual Variance % Variance
Department of Retirement Systems Expense Account 69,129 71,239 2,110 3.1%
OASI Revolving Account 179 183 4 2.0%
Deferred Compensation Administrative Account 2,595 4,336 1,741 67.1%
Totals 71,903 75,758 3,855 5.4%