2011 Annual TCRS Report - Tennessee Department of Treasury

More documents

Recommendations

Info

F I N A N C I A L S E C T I O N TENNESSEE CONSOLIDATED RETIREMENT SYSTEM SCHEDULES OF ADMINISTRATIVE EXPENSES FOR THE YEAR ENDED JUNE 30, 2010 SETHEEPP PSPP TOTAL PERSONNEL SERVICES Salaries and wages $ 1,151,155 $ 1,061,470 $ 2,212,625 Employee benefits 470,795 434,114 904,909 TOTAL PERSONNEL SERVICES 1,621,950 1,495,584 3,117,534 PROFESSIONAL SERVICES Accounting 90,777 83,705 174,482 Actuarial services 233,854 215,634 449,488 Data processing 193,585 178,503 372,088 Enterprise system development 228,703 210,884 439,587 Information systems 544,698 502,260 1,046,958 Management services 140,196 129,274 269,470 Medical review 19,770 18,230 38,000 Technology consulting services 41,092 37,891 78,983 Administrative, Internal Audit, Legal, Personnel 414,400 382,115 796,515 TOTAL PROFESSIONAL SERVICES 1,907,075 1,758,496 3,665,571 COMMUNICATION Travel 16,105 14,850 30,955 Telephone 32,492 29,962 62,454 Printing 35,636 32,859 68,495 Postage 167,615 154,556 322,171 TOTAL COMMUNICATION 251,848 232,227 484,075 MISCELLANEOUS Office space 104,440 96,303 200,743 Supplies and maintenance 12,493 11,520 24,013 Other services and charges 26,474 24,412 50,886 TOTAL MISCELLANEOUS 143,407 132,235 275,642 TOTAL ADMINISTRATIVE EXPENSES $3,924,280 $3,618,542 $7,542,822 With 214,711 active members and 112,133 retired members, the operating cost per member was $23.08 for the year ended June 30, 2010. P A G E 4 1
T E N N E S S E E C O N S O L I D A T E D R E T I R E M E N T S Y S T E M TENNESSEE CONSOLIDATED RETIREMENT SYSTEM SCHEDULES OF INVESTMENT EXPENSES FOR THE YEAR ENDED JUNE 30, <strong>2011</strong> SETHEEPP PSPP TOTAL PERSONNEL SERVICES Salaries and wages $ 2,087,080 $ 454,451 $ 2,541,531 Employee benefits 650,368 141,614 791,982 TOTAL PERSONNEL SERVICES 2,737,448 596,065 3,333,513 PROFESSIONAL SERVICES Accounting 269,359 58,652 328,011 Legal services 190,830 41,552 232,382 Data processing 246,506 53,676 300,182 Information systems 314,934 68,575 383,509 Management services 46,801 10,191 56,992 External investment manager fees 14,809,193 3,224,630 18,033,823 Investment consulting fees 1,439,351 313,412 1,752,763 Investment custodian fees 237,868 51,794 289,662 Real estate manager fees 5,462,457 1,189,423 6,651,880 Administrative, Internal Audit, Personnel 458,282 99,789 558,071 TOTAL PROFESSIONAL SERVICES 23,475,581 5,111,694 28,587,275 COMMUNICATION Travel 40,742 8,871 49,613 Telephone 30,012 6,535 36,547 Printing 2,970 647 3,617 Postage 871 190 1,061 TOTAL COMMUNICATION 74,595 16,243 90,838 MISCELLANEOUS Office space 55,025 11,981 67,006 Supplies and maintenance 7,211 1,570 8,781 Other services and charges 103,330 22,500 125,830 TOTAL MISCELLANEOUS 165,566 36,051 201,617 TOTAL INVESTMENT EXPENSES $ 26,453,190 $ 5,760,053 $ 32,213,243 P A G E 4 2
Page 2 and 3: T ENNESSEE CONSOLIDATED R ETIREMENT
Page 4 and 5: TABLE OF CONTENTS INTRODUCTORY SECT
Page 6 and 7: INTRODUCTORY SECTION Elvis Aaron Pr
Page 8 and 9: T E N N E S S E E C O N S O L I D A
Page 22 and 23: F I N A N C I A L S E C T I O N IND
Page 24 and 25: F I N A N C I A L S E C T I O N TEN
Page 30 and 31: F I N A N C I A L S E C T I O N (CO
Page 32 and 33: F I N A N C I A L S E C T I O N (CO
Page 46 and 47: SCHEDULES OF FUNDING PROGRESS Expre
Page 52 and 53: INVESTMENT SECTION Nashville’s Pa
Page 62 and 63: ACTUARIAL SECTION The Lorraine Mote
Page 80 and 81: S T A T I S T I C A L S E C T I O N
Page 98 and 99:
S T A T I S T I C A L S E C T I O N
Page 100 and 101:
Page 102:
show all

2011 Annual TCRS Report - Tennessee Department of Treasury

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?