TRS 2011 Comprehensive Annual Financial Report

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TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Comparative Schedule of Changes in Account Balance PENSION TRUST FUND FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 (With Comparative Data for August 31, 2010) DEFERRED RETIREMENT OPTION ACCOUNT 2011 2010 S C H E D U L E 1 Additions: Transfers In: Transfer from Retired Reserve Account to Fund Benefits $ 956,666 $ 5,161,454 Allocation from Interest Account 4,829,832 5,639,288 TOTAL ADDITIONS $ 5,786,498 $ 10,800,742 Deductions: Benefits Paid $ 27,822,115 $ 22,607,290 Net Change in Account Balance $ (22,035,617) $ (11,806,548) Account Balance - Beginning September 1 $ 105,967,558 $ 117,774,106 Account Balance - Ending August 31 $ 83,931,941 $ 105,967,558 72 FINANCIAL SECTION
TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Comparative Schedule of Changes in Account Balance PENSION TRUST FUND FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 (With Comparative Data for August 31, 2010) EXPENSE ACCOUNT 2011 2010 Additions: Legislative Appropriations $ $ 2,805,955 On Behalf Fringe Benefits Paid by the State 160,975 Miscellaneous Revenues 1,576,613 788,787 Transfers In: Allocation from Interest Account 83,256,827 66,482,415 TOTAL ADDITIONS $ 84,833,440 $ 70,238,132 Deductions: Administrative Expenses: Salaries and Other Personnel Costs $ 57,695,600 $ 43,008,202 Professional Fees and Services 4,619,847 7,089,576 Consumable Supplies and Fuels 399,778 410,343 Utilities 706,891 880,128 Travel 709,149 690,540 Rentals 1,384,529 1,859,462 Dues, Fees and Staff Development 299,043 277,052 Subscriptions and Reference Information 195,529 202,629 Printing and Reproduction Services 311,082 538,358 Postage, Mailing and Delivery Services 2,059,866 2,305,069 Software Purchases and Maintenance 2,348,229 1,890,191 Maintenance - Computer Hardware 349,574 362,032 Maintenance - Buildings and Equipment 727,166 831,101 Miscellaneous Expenses 803,571 688,781 Insurance Premiums 668,723 727,826 Furniture and Equipment - Expensed 1,099,878 733,724 Depreciation 2,254,739 1,500,507 Amortization 154,726 1,340,603 Loss on Impairment of Capital Assets 4,477,619 S C H E D U L E 1 TOTAL DEDUCTIONS $ 81,265,539 * $ 65,336,124 Net Change in Account Balance $ 3,567,901 $ 4,902,008 Account Balance - Beginning September 1 $ 30,943,162 $ 26,041,154 Account Balance - Ending August 31 $ 34,511,063 $ 30,943,162 * This amount includes total internal administrative investing activity expenses of $45,415,720 (Schedule 3). Total administrative expenses net of investing activity expenses are $35,849,819 (Exhibit II). FINANCIAL SECTION 73
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TRS 2011 Comprehensive Annual Financial Report

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