TRS 2011 Comprehensive Annual Financial Report
TRS 2011 Comprehensive Annual Financial Report
TRS 2011 Comprehensive Annual Financial Report
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT <strong>2011</strong><br />
<strong>Financial</strong> Trends Information<br />
Revenues, Expenses, and Changes in Net Assets<br />
403(b) CERTIFICATION PROGRAM<br />
FOR THE FISCAL YEARS ENDED AUGUST 31<br />
<strong>2011</strong> 2010 2009 2008<br />
1 0 - Y E A R S U M M A R Y<br />
Revenues:<br />
Certification Fees $ 12,000 $ 30,000 $ 6,000 $ 30,000<br />
Product Registration Fees 3,000 21,000 9,000 180,000<br />
Investment Income 1,801 4,318 8,558 19,337<br />
On Behalf Fringe Benefits Paid<br />
by the State 7,898 8,034<br />
TOTAL REVENUES $ 24,699 $ 63,352 $ 23,558 $ 229,337<br />
Expenses:<br />
Administrative Expenses $ 148,444 $ 172,835 $ 88,000 $ 192,000<br />
TOTAL EXPENSES $ 148,444 $ 172,835 $ 88,000 $ 192,000<br />
Change in Net Assets $ (123,745) $ (109,483) $ (64,442) $ 37,337<br />
Net Assets - Beginning of Year $ 245,777 $ 355,260 $ 419,702 $ 382,365<br />
Net Assets - End of Year $ 122,032 $ 245,777 $ 355,260 $ 419,702<br />
134 STATISTICAL SECTION
Change language