Nevada_Executive_Budget_2013-2015

DEFERRED COMPENSATION COMMITTEE
101-1017
PROGRAM DESCRIPTION
The Nevada Public Employees Deferred Compensation Program, a voluntary tax-deferred supplemental state retirement plan (IRC 457(b)), provides participants and their beneficiaries with a
reasonable supplement to their Nevada Public Employees Retirement Program, Social Security and any other retirement savings. The program operates solely in the interest of plan
participants and beneficiaries. The Committee, appointed by the Governor pursuant to NRS 287.325, oversees the program and strives to provide quality investment options at minimal costs
while maintaining high standards of customer service. The Committee and its Program Coordinator monitor the program providers; communicate the importance of supplemental savings
through seminars, newsletters and other informational efforts; and administer the Program in accordance with state and federal guidelines. All Program expenses are paid from reimbursement
by its private sector providers.
BASE
This request continues funding for one position and associated operating costs. One-time expenditures have been eliminated and partial year expenditures have been annualized.
2012-2013 2013-2014 2013-2014 2014-2015 2014-2015
2011-2012 WORK AGENCY GOVERNOR AGENCY GOVERNOR
ACTUAL PROGRAM REQUEST RECOMMENDS REQUEST RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 6,031 61,235 52,670 52,670 0 0
BALANCE FORWARD TO NEW YEAR -61,235 0 0 0 0 0
CLIENT CHARGE-A 397,320 420,000 281,784 282,151 334,466 334,977
TREASURER'S INTEREST DISTRIB 66 900 502 502 502 502
TOTAL RESOURCES: 342,182 482,135 334,956 335,323 334,968 335,479
EXPENDITURES:
PERSONNEL 113,887 116,554 122,411 123,936 122,411 124,086
OUT-OF-STATE TRAVEL 0 3,761 3,761 3,761 3,761 3,761
IN-STATE TRAVEL 1,554 1,949 1,924 1,554 1,924 1,554
OPERATING EXPENSES 182,877 257,446 168,439 168,439 168,439 168,439
INFORMATION SERVICES 790 6,755 1,152 1,153 1,152 1,153
DEPARTMENT COST ALLOCATION 13,625 14,576 7,820 7,031 7,832 7,037
RESERVE 0 52,670 0 0 0 0
PURCHASING ASSESSMENT 67 67 67 67 67 67
STATEWIDE COST ALLOCATION PLAN 1,666 1,666 1,666 1,666 1,666 1,666
AG COST ALLOCATION PLAN 27,716 26,691 27,716 27,716 27,716 27,716
TOTAL EXPENDITURES: 342,182 482,135 334,956 335,323 334,968 335,479
TOTAL POSITIONS: 1.00 1.00 1.00 1.00 1.00 1.00
DEFERRED COMPENSATION DEFERRED COMP - 3
DEFERRED COMPENSATION