Please. Members of the committee, does the department have comments . Will you come up the budget analyst has made a few recommendations to your budget. Why dont we go through your report and ask afterwards. Mr. Chairman and members of the committee. On page 5 of our report, we state that the recommended deductions, of the 1. 06 million and 706 are ongoing savings and 937 are onetime. And allowing an increase of 17. 1 of the departments 1415 budget. Our recommended reductions total 689,five 17, and in 1516, all of which are ongoing savings. My understanding, supervisors that the department did concur or has concurred with our recommendations. However i want to point out one recommendation on page actually its on page 7, its the last recommendation that we made. Its a recommended deduction of 945,360. We were advised that the Real Estate Division had some questions about that, and we are happy to work with the Real Estate Division regarding a tenant improvement of 945,360 if the directo
Comments . Will you come up the budget analyst has made a few recommendations to your budget. Why dont we go through your report and ask afterwards. Mr. Chairman and members of the committee. On page 5 of our report, we state that the recommended deductions, of the 1. 06 million and 706 are ongoing savings and 937 are onetime. And allowing an increase of 17. 1 of the departments 1415 budget. Our recommended reductions total 689,five 17, and in 1516, all of which are ongoing savings. My understanding, supervisors that the department did concur or has concurred with our recommendations. However i want to point out one recommendation on page actually its on page 7, its the last recommendation that we made. Its a recommended deduction of 945,360. We were advised that the Real Estate Division had some questions about that, and we are happy to work with the Real Estate Division regarding a tenant improvement of 945,360 if the director so directs. Director. I couldnt have said it better, we b
Report and ask afterwards. Mr. Chairman and members of the committee. On page 5 of our report, we state that the recommended deductions, of the 1. 06 million and 706 are ongoing savings and 937 are onetime. And allowing an increase of 17. 1 of the departments 1415 budget. Our recommended reductions total 689,five 17, and in 1516, all of which are ongoing savings. My understanding, supervisors that the department did concur or has concurred with our recommendations. However i want to point out one recommendation on page actually its on page 7, its the last recommendation that we made. Its a recommended deduction of 945,360. We were advised that the Real Estate Division had some questions about that, and we are happy to work with the Real Estate Division regarding a tenant improvement of 945,360 if the director so directs. Director. I couldnt have said it better, we believe were in agreement and were notified by the Real Estate Division, and their concerns, and prepared to work with the
Membership broke out by active and vested and reciprocal members. Active members over a fiveyear period are still in a decrease from the level of active employees we had as members in 200809. And you can see the effects of the streamlining of the positions. Going through and coming out of that difficult period. We also show the active to retiree ratio and you see that its steadily declining but not as quickly over the last three years in the prior two years of this fiveyear snapshot. And you will notice that retired members increase by over 16 over the same fiveyear period. And that we continue to have a net increase, we measure obviously some retirees will end up eventually dying. But we still have a net increase of nearly 1,000 a year of retirees going into payment status. The next page tracks the funding levels over the last five years. You notice in 200809, we had market values assets just under 12 billion. And that was the end of the difficult Financial Markets in 200709. Mr. Chai
Does the department have comments . Will you come up the budget analyst has made a few recommendations to your budget. Why dont we go through your report and ask afterwards. Mr. Chairman and members of the committee. On page 5 of our report, we state that the recommended deductions, of the 1. 06 million and 706 are ongoing savings and 937 are onetime. And allowing an increase of 17. 1 of the departments 1415 budget. Our recommended reductions total 689,five 17, and in 1516, all of which are ongoing savings. My understanding, supervisors that the department did concur or has concurred with our recommendations. However i want to point out one recommendation on page actually its on page 7, its the last recommendation that we made. Its a recommended deduction of 945,360. We were advised that the Real Estate Division had some questions about that, and we are happy to work with the Real Estate Division regarding a tenant improvement of 945,360 if the director so directs. Director. I couldnt