TRS 2011 Comprehensive Annual Financial Report

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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
TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 PROPRIETARY FUND ENTERPRISE FUND NON-MAJOR FUND 403(b) CERTIFICATION PROGRAM Budget Actual Variance $ 127,200 $ 116,830 $ 10,370 $ 2,500 $ 2,220 $ 280 8,600 7,898 702 9,658 8,433 1,225 20,000 17,099 2,901 3,150 3,150 $ 43,908 $ 35,650 $ 8,258 $ $ $ $ $ $ $ 0 $ 0 $ 0 $ 171,108 $ 152,480 $ 18,628 403(b) Certification Program $ 4,036 TOTAL ADMINISTRATIVE EXPENSES (EXHIBIT IV) - GAAP BASIS $ 148,444 FINANCIAL SECTION 77
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TRS 2011 Comprehensive Annual Financial Report

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