Recommended Budget Volume One.book - Chief Executive Office ...

2. Retirement Debt Service: Reflects the elimination of
the Department's proportional share of the costs
associated with the issuance of the 1994 Pension
Obligation Bonds. The bonds were fully paid in
FY 2010-11. The retirement of the 1994 Pension
Obligation Bonds reflects a reduction in expense that
will partially offset other net cost increases.
3. Retiree Health Insurance: Reflects a projected
ten-percent (10%) increase in insurance premiums in
FY 2011-12.
4. Deferred Compensation: Reflects an overall decrease
in deferred compensation plan costs due to reduced
County contribution rates along with a corresponding
decrease in the County's total annual contribution limit
as approved by the Board of Supervisors.
5. Retirement: Reflects an increase of seventeen percent
(17%) in the employer retirement contributions due to
the decline in Los Angeles County Employees
Retirement Association’s portfolio and revised
investment return assumptions.
6. Labor-Management Savings: Reflects the reversal of
the labor-management savings placeholder
adjustments included in the FY 2010-11 Final Adopted
Budget. Labor-management savings are being replaced
by changes in the County’s deferred compensation
program.
7. Utilities: Reflects a decrease in utilities costs primarily
due to current and estimated reductions in electricity,
natural gas, and telephone costs.
8. Debt Service: Reflects an increase in debt service,
primarily due to the start of the capital lease payments
for the H-UCLA Surgery/ER and OV-UCLA ER/TB unit
building costs, partially offset with the discontinued use
of the commercial paper program to fund these projects
on a short-term basis. Also includes a minor adjustment
to the associated Senate Bill 1732 revenue.
9. General County Overhead (GCO): Reflects a decrease
in GCO based on the FY 2011-12 County Cost Allocation
Plan.
10. Medical Malpractice/Insurance: Reflects an increase
in indemnity and litigation costs associated with
medical malpractice, partially offset by reductions for
commercial insurance premiums, automotive liability
and general liability.
11. Experience Adjustment: Reflects a reduction in
funding for salaries and equipment, offset with a
reduction in projected overrealized prior year revenue,
based on the Department’s past experience with yearend
surpluses.
Gross
Appropriation
($)
Intrafund
Transfer
($)
Revenue
($)
HEALTH SERVICES
Budget Summaries
Net
County Cost
($)
(101,411,000) -- -- (101,411,000) --
2,930,000 -- -- 2,930,000 --
(17,081,000) -- -- (17,081,000) --
21,488,000 -- -- 21,488,000 --
22,844,000 -- 249,000 22,595,000 --
(5,863,000) -- -- (5,863,000) --
19,457,000 -- (1,000) 19,458,000 --
(6,528,000) -- -- (6,528,000) --
2,568,000 -- -- 2,568,000 --
(10,000,000) -- (10,000,000) -- --
FY 2011-12 Recommended Budget Volume One 27.5 County of Los Angeles
Budg
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