2008-2009 - Saginaw County

FUND: 631 MERS RETIREMENT FUND
ACTIVITY: 86100 RETIREMENT PENSION
DESCRIPTION:
SAGINAW COUNTY 2009 BUDGET
THIS ACTIVITY ACCOUNTS FOR THE COUNTY DEFINED BENEFIT PENSION
PROGRAM AND INCLUDES REQUIRED PAYMENTS INTO THE MUNICIPAL EMPLOYEES
RETIREMENT SYSTEM (MERS), ALONG WITH ADMINISTRATION AND OPERATING
COSTS. DEPARTMENTS ARE CHARGED ACTUARIALLY DETERMINED RATES FOR
PARTICIPATING EMPLOYEES, AND, IF REQUIRED, EMPLOYEES ALSO MAKE
CONTRIBUTIONS TO HELP SUPPORT THEIR PENSION BENEFIT COSTS.
GOALS OR OBJECTIVES:
TO PROVIDE THE BEST RETIREMENT BENEFITS FOR ALL OF OUR EMPLOYEES.
EXPENDITURES
AMOUNT PERCENT
CATEGORY ACTUAL BUDGET BUDGET INC/DEC INC/DEC
2007 2008 2009 08-09 08-09
B) EMPLOYEE FRINGE BENEFITS $3,141,179 $3,307,000 $3,420,000 113,000 3.42
D) OTHER SERVICES & CHARGES 16,566 17,000 27,000 10,000 58.82
___________ __________ __________ __________ ________
TOTAL $3,157,745 $3,324,000 $3,447,000 123,000 3.70
REVENUES
AMOUNT PERCENT
SOURCE ACTUAL BUDGET BUDGET INC/DEC INC/DEC
2007 2008 2009 08-09 08-09
M) INTEREST EARNED $17,592 0 0.00
X) REIMBURSEMENTS 3,224,618 3,324,000 3,447,000 123,000 3.70
__________ __________ __________ __________ ________
TOTAL $3,242,210 $3,324,000 $3,447,000 123,000 3.70
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