TRS 2011 Comprehensive Annual Financial Report

TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011
(concluded)
Schedule of Administrative and Capital Expenses -
Budget and Actual on Budgetary Basis
FOR THE FISCAL YEAR ENDED AUGUST 31, 2011
PROPRIETY FUND
ENTERPRISE FUND MAJOR FUND
Budget
TRS-ACTIVECARE
Actual
Variance
Expenses:
Salaries and Wages $ 1,147,053 $ 1,103,421 $ 43,632
S C H E D U L E 2
Other Personnel Costs:
Longevity Pay $ 30,060 $ 27,820 $ 2,240
Employer Retirement Contributions 75,150 67,373 7,777
Employer FICA Contributions 89,229 82,758 6,471
Employer Health Insurance Contributions 114,469 107,501 6,968
Benefit Replacement Pay 2,400 1,805 595
Other Employee Benefits 9,825 9,825
TOTAL OTHER PERSONNEL COSTS $ 321,133 $ 287,257 $ 33,876
Professional Fees and Services $ 965,000 $ 866,115 $ 98,885
Other Operating Expenses:
Consumable Supplies and Fuels $ 3,500 $ 1,151 $ 2,349
Utilities 1,600 883 717
Travel 8,000 2,221 5,779
Rentals 65,140 65,140
Dues, Fees and Staff Development 5,550 5,255 295
Subscriptions and Reference Information 1,000 689 311
Printing and Reproduction Services 1,400 885 515
Postage, Mailing and Delivery Services 4,750 2,883 1,867
Software Purchases and Maintenance
Computer Hardware Maintenance
Miscellaneous Expenses 3,000 1,251 1,749
Insurance Premiums
Furniture and Equipment - Expensed 4,250 132 4,118
Maintenance - Buildings and Equipment 500 500
TOTAL OTHER OPERATING
EXPENSES $ 98,690 $ 80,490 $ 18,200
TOTAL ADMINISTRATIVE
EXPENSES $ 2,531,876 $ 2,337,283 $ 194,593
TRS-ActiveCare:
Adjustments Between Budgetary Basis and GAAP:
Professional Fees and Services $ (140,000)
Other Operating Expenses (975)
Change in Compensable Absence Obligation 11,438
Prior Year Adjustments (695)
TOTAL ADMINISTRATIVE
EXPENSES (Exhibit IV) - GAAP BASIS $ 2,207,051
76 FINANCIAL SECTION