State of Arizona Budget Request - Arizona State Retirement System · 2020. 1. 2. · Sources and Uses of Funds Agency: Arizona State Retirement System Estimate FY 2020 Actual FY 2019

A.R.S. Citation: 38-711

Governor DUCEY:

This and the accompanying budget schedules, statements and explanatory information constitute the operating budget request for this agency for Fiscal Year 2021.

To the best of my knowledge all statements and explanations contained in the estimates submitted are true and correct.

Agency Head; Paul Matson

Tille: Executive Director

Phone: (602) 240-5355

Prepared By: Martha N. Rozen

Email Address: [email protected]

Date Prepared: Thursday, August 29, 2019

Date Printed: 8/27/2019 1 :24:46 PM

State of Arizona Budget Request

State Agency

Arizona State Retirement System

I Appropriated Funds

Retirement System Appropriated

LTD Trust Fund

I Non-Appropriated Funds

Arizona State Retirement System

Transmittal Statement

• Total Amount Requested:

• Total Amount Planned:

Total:

FY 2020 Approp

24,194.0

22,394.0

1,800.0

FY 2020 Expd. Plan

138,082.0

138,082.0

162.276.0

FY 2021 FY 2021 Fund. Issue Total Budget

0,0 24,194.0

0.0 22.394.0

0.0 1,800.0

FY 2021 FY 2021 Fund. Issue Total Budget

5,321 .6 143.403.6

5,321 .6 143,403.6

5,321 .6 167,597.6

All dollars are presented in thousands. Page 1

- ARIZONA STATE RETIREMENT SYSTEM 3300 NOlffll CtNTRAL AVENL E • PO Box 33910 • PHOENIX, A Z 85067-3910 • PII0\E (602) 240-2000

4400 EAST BROAD\\ A \ B O L L E\'ARD • St ITE 200 • Tl CS0N, AZ 85711-3554 • PIIONE (520) 239-3100 Tou , FREE O UTSIDE M ETRO PIIOEN I>,. AND TLCS0\ I (800) 621-3778

August 29, 2019

The Honorable Doug Ducey Governor, State of Arizona 1700 W. Washington Phoenix, AZ 85007

Dear Governor Ducey:

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Director

The Arizona State Retirement System (ASRS) is pleased to present the budget request for Fiscal Year (FY) 2021.

The ASRS remains committed to reducing overall operational administrative expenses. The costs to administer the programs managed by the ASRS are funded from the ASRS Trust Fund, and the agency is focused on minimizing these expenditures.

The ASRS FY 2021 budget request reflects the vision and values that drive the agency to achieve measurable goals aimed at fulfilling the ASRS's statutory mission. The request is structured to provide for only the essential resources required to achieve priorities.

Our Vision For the benefit of members, the ASRS will be a top performing benefit plan administrator with a solid reputation and sustainable plan design in the areas of: • Core Member Services

• Operational Effectiveness

• Investment Performance

• Funded Status

This will be accomplished while maintaining actuarial and fiscal integrity and keeping program benefits and associated costs relatively aligned.

Specifically, the ASRS will continue to implement logical strategies, develop and deploy purposeful high-performing technology, and foster an investment program framework that will:

• Maintain sustainable, responsibly governed benefit plans

• Achieve investment goals

• Provide outstanding customer service

• Enhance risk management capabilities

• Optimize operational effectiveness • Ensure operational continuity

As approved by the ASRS Operations, Audit, and Legislative Committee and the ASRS Board of Trustees, staff believe this request will position the agency in FY 2021 and subsequent years for continued success in providing high-quality service to its members and ensuring the overall long-term viability of the benefit programs managed by the ASRS.

We look forward to reviewing this budget request with you, the Arizona State Legislature, and the respective budget offices in the coming months.

Sincerely,

Paul Matson Director

Arizona State Retirement System FY 2021 Appropriated Budget Request

Appropriated FTEs 245.9 240.9 240.9

Personal Services & Employee Related Expenditures 18,281,900$ 18,346,900$ 18,346,900$

Professional and Outside Services 1,277,400$ 1,265,400$ 1,265,400$

Travel - In State 30,000$ 30,000$ 30,000$

Travel - Out of State 49,000$ 49,000$ 49,000$

Other Operating Expenditures 2,302,500$ 2,313,200$ 2,313,200$

Equipment 389,500$ 389,500$ 389,500$

Base Operating Budget Subtotal 22,330,300$ 22,394,000$ 22,394,000$

Long Term Disability Program Administration (LTD) 2,200,000$ 1,800,000$ 1,800,000$

Total Appropriated Operating Budget 24,530,300$ 24,194,000$ 24,194,000$

Special Line Item Appropriations 500,000$ -$ -$

Total Appropriated Budget 25,030,300$ 24,194,000$ 24,194,000$

-5.0 -2.0% 0.0 0.0%

63,700$ 0.3% -$ 0.0%

(400,000)$ -1.6% -$ 0.0%

(500,000)$ -2.0% -$ 0.0%

Subtotals (836,300)$ -3.2% -$ 0.0%

One-time IT Expenses

FY 2021Change relative to FY 2020 Total

Appropriated Budget

FY 2020 Appropriations

FY 2020

FY 2019 Appropriations

Changes to Appropriations Change relative to FY 2019 Total Appropriated Budget

FY 2020 - Statewide Adjustments (increase in retirement, IT pro rata, and health insurance employer costs)

FY 2020 - LTD Administration Fees

FY 2020 - FTE Resource Reallocation

FY 2020 - Remove One-time IT Expenses

RequestFY 2021 Appropriations

ASRS FY 2021 APPROPRIATED BUDGET REQUEST SUMMARY

FY 2021 Continuously Appropriated Funding Detail:Investment, Pension Payroll, Rent, and Actuarial Fees Expenses Projections

Objective: Maintain an investment management program that maximizes rates of return for acceptable levels of risk, and implement strategies designed to improve operational effectiveness, manage and mitigate risks, and achieve high levels of customer satisfaction.

FY 2019ESTIMATED

FY 2020PROJECTION

FY 2021PROJECTION

Investment Management ExpensesInternal Investment Management

Salaries and benefits 1,494,000$ 1,547,300$ 1,547,300$ Investment Incentive Compensation Plan (ICP)1 293,800$ 309,400$ 309,400$ Travel, education and training, rent, and other operational expenses 266,400$ 265,100$ 266,000$

Public MarketsExternal investment management fees 12,858,800$ 4,416,000$ 4,642,000$ Transactional and other fees2 5,181,600$ 5,000,000$ 5,000,000$

Private Markets3

Private and opportunistic equity management fees 53,746,000$ 58,646,000$ 61,845,000$

Real estate, farmland and infrastructure management fees 10,297,200$ 18,062,000$ 18,262,000$

Private and opportunistic debt management fees 26,575,900$ 28,015,300$ 29,177,700$ Custodial Banking, Security Lending and Master Cash STIF Fees 3,000,000$ 4,030,500$ 4,030,500$

Investment Management Expenses Subtotal 113,713,700$ 120,291,600$ 125,079,900$

Investment Related Consulting, Legal and Information Services ExpensesInvestment Consulting Services 4,469,900$ 5,342,300$ 5,370,300$ Investment Related Legal Services 3,830,800$ 4,240,000$ 4,240,000$ Investment Electronic Information Services 2,828,000$ 3,204,500$ 3,457,000$ External Financial Consulting Services 121,500$ 120,000$ 120,000$

Services Expenses Subtotal 11,250,200$ 12,906,800$ 13,187,300$ Subtotal Investment Expenses 124,963,900$ 133,198,400$ 138,267,200$

Pension Payroll, Rent, and Actuarial Fees ExpensesPension Payroll 1,812,900$ 2,223,000$ 2,141,500$

Benefits Disbursement Project 560,100$ 284,100$ -$ Information Privacy and Security Project -$ 484,200$ 765,600$ Risk Mitigation Project -$ 280,000$ 280,000$ Retiree Payroll Application Project -$ -$ 329,700$

Rent 1,519,000$ 1,554,100$ 1,589,000$ Actuarial Fees 435,000$ 367,600$ 340,000$

Subtotal Administrative Expenses 4,327,000$ 5,193,000$ 5,445,800$

Total Continuously Appropriated Expenses FY 2019ESTIMATEDFY 2020

PROJECTIONFY 2021

PROJECTIONAdministrative Expenses 4,327,000$ 5,193,000$ 5,445,800$

Investment Expenses (excluding ICP)* 124,670,100$ 132,889,000$ 137,957,800$ Total Continuously Appropriated Expenses 128,997,100$ 138,082,000$ 143,403,600$

1 The ICP is paid with base operating budget appropriated dollars.2 Fees for investment managers employing an overlay strategy are not projected and are only reported, on a cash basis, when identified and paid.3 Due to the nature of the investments and contingent variables, estimated annual performance incentive and other certain fees and expenses that are contractually agreed upon are not projected and are only reported, on a cash basis, when identified and paid. The ASRS has paid approximately $80,474,900 in performance incentive and other fees in FY 2019.

Funding Issue 3 CONTINUOUSLY APPROPRIATED FUNDING

Revenue ScheduleArizona State Retirement SystemAgency:

AFIS Code Category of Receipt and Description FY 2019 FY 2020 FY 2021

RT1401 Retirement System AppropriatedFund:

4699 MISCELLANEOUS RECEIPTS 24,061.9 24,131.7 22,394.0Fund Total: 24,061.9 24,131.7 22,394.0

Date Printed: 8/27/2019 12:53:53 PM PageAll dollars are presented in thousands (not FTE). 2



RT1407 Arizona State Retirement SystemFund:





RT1408 LTD Trust FundFund:



Sources and Uses of FundsArizona State Retirement SystemAgency:

Estimate FY 2020

Actual FY 2019

Estimate FY 2021

RT1401 Retirement System AppropriatedFund:

Cash Flow Summary

Balance Forward from Prior Year 33.1 0.0 0.0Revenue (From Revenue Schedule) 24,061.9 24,131.7 22,394.0Total Available 24,095.0 24,131.7 22,394.0Total Appropriated Disbursements 24,095.0 24,131.7 22,394.0Total Non-Appropriated Disbursements 0.0 0.0 0.0Balance Forward to Next Year 0.0 0.0 0.0

Estimate FY 2020

Actual FY 2019

Estimate FY 2021Expenditure Categories

Non-Appropriated Expenditure

Personal Services 0.0 0.0 0.0Employee Related Expenses 0.0 0.0 0.0Prof. And Outside Services 0.0 0.0 0.0Travel - In State 0.0 0.0 0.0Travel - Out of State 0.0 0.0 0.0Food 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0Other Operating Expenses 0.0 0.0 0.0Equipment 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0Debt Service 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0Transfers 0.0 0.0 0.0

0.0 0.0 0.0Expenditure Categories Total:Cap Transfer due to Fund Balance 0.0 0.0 0.0Residual Equity Transfer 0.0 0.0 0.0Prior Commitments or Obligated Expenditures 0.0 0.0 0.0Non Appropriated 27th Pay Roll 0.0 0.0 0.0

0.0 0.0 0.0Non-Appropriated Expenditure Total:0.0 0.0 0.0Non-Apppropriated FTE:

Estimate FY 2020

Actual FY 2019


Appropriated Expenditure

Personal Services 12,899.8 13,025.0 13,025.0Employee Related Expenses 4,759.6 5,321.9 5,321.9Prof. And Outside Services 1,961.3 1,255.4 1,255.4Travel - In State 26.4 30.0 30.0Travel - Out of State 28.9 49.0 49.0Food 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0Other Operating Expenses 2,781.9 2,313.2 2,313.2Equipment 159.9 389.5 389.5Capital Outlay 0.0 0.0 0.0Debt Service 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0Transfers 7.0 10.0 10.0

22,624.8 22,394.0 22,394.0Expenditure Categories Total:Non-Lapsing Authority from Prior Years 1,470.2 1,669.5 0.0Administrative Adjustments 0.0 68.2 0.0Capital Projects (Land, Buildings,Improvements) 0.0 0.0 0.0Appropriated 27th Pay Roll 0.0 0.0 0.0Legislative Fund Transfers 0.0 0.0 0.0IT Project Transfers 0.0 0.0 0.0

24,095.0 24,131.7 22,394.0Appropriated Expenditure Total:227.4 215.9 215.9Apppropriated FTE:



Fund Description

Revenues consist of monies appropriated from retirement contributions that are used for the administration of the State Retirement System.

OSPB:



Estimate FY 2020

Actual FY 2019

Estimate FY 2021

RT1407 Arizona State Retirement SystemFund:

Cash Flow Summary

Balance Forward from Prior Year 39.6 0.0 0.0Revenue (From Revenue Schedule) 99,455.2 167,584.4 143,403.6Total Available 99,494.8 167,584.4 143,403.6Total Appropriated Disbursements 0.0 0.0 0.0Total Non-Appropriated Disbursements 99,494.8 167,584.4 143,403.6Balance Forward to Next Year 0.0 0.0 0.0

Estimate FY 2020

Actual FY 2019



Personal Services 1,711.0 2,727.0 2,977.4Employee Related Expenses 561.9 917.1 1,023.4Prof. And Outside Services 92,514.5 129,204.9 133,949.6Travel - In State 0.4 0.0 0.0Travel - Out of State 15.2 20.3 20.3Food 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0Other Operating Expenses 4,691.8 5,212.7 5,432.9Equipment 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0Debt Service 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0Transfers 0.0 0.0 0.0

99,494.8 138,082.0 143,403.6Expenditure Categories Total:Cap Transfer due to Fund Balance 0.0 0.0 0.0Residual Equity Transfer 0.0 0.0 0.0Prior Commitments or Obligated Expenditures 0.0 29,502.4 0.0Non Appropriated 27th Pay Roll 0.0 0.0 0.0

99,494.8 167,584.4 143,403.6Non-Appropriated Expenditure Total:18.5 25.0 25.0Non-Apppropriated FTE:

Estimate FY 2020

Actual FY 2019




0.0 0.0 0.0Expenditure Categories Total:Non-Lapsing Authority from Prior Years 0.0 0.0 0.0Administrative Adjustments 0.0 0.0 0.0Capital Projects (Land, Buildings,Improvements) 0.0 0.0 0.0Appropriated 27th Pay Roll 0.0 0.0 0.0Legislative Fund Transfers 0.0 0.0 0.0IT Project Transfers 0.0 0.0 0.0

0.0 0.0 0.0Appropriated Expenditure Total:0.0 0.0 0.0Apppropriated FTE:



Fund Description

Revenues consist of retirement contributions that are limited in use by statute to expenditures such as investment management fees, consulting fees, rent, retiree payroll, costs for administering the health insurance program for retirees, and legal counse

OSPB:



Estimate FY 2020

Actual FY 2019

Estimate FY 2021

RT1408 LTD Trust FundFund:

Cash Flow Summary

Balance Forward from Prior Year 138.9 138.9 138.9Balance Forward from Prior Year 3.5 0.0 0.0Revenue (From Revenue Schedule) 1,500.6 1,800.0 1,800.0Total Available 1,643.0 1,938.9 1,938.9Total Appropriated Disbursements 1,504.1 1,800.0 1,800.0Total Non-Appropriated Disbursements 0.0 0.0 0.0Balance Forward to Next Year 138.9 138.9 138.9

Estimate FY 2020

Actual FY 2019




0.0 0.0 0.0Expenditure Categories Total:Cap Transfer due to Fund Balance 0.0 0.0 0.0Residual Equity Transfer 0.0 0.0 0.0Prior Commitments or Obligated Expenditures 0.0 0.0 0.0Non Appropriated 27th Pay Roll 0.0 0.0 0.0

0.0 0.0 0.0Non-Appropriated Expenditure Total:0.0 0.0 0.0Non-Apppropriated FTE:

Estimate FY 2020

Actual FY 2019



Personal Services 0.0 0.0 0.0Employee Related Expenses 0.0 0.0 0.0Prof. And Outside Services 1,504.1 1,800.0 1,800.0Travel - In State 0.0 0.0 0.0Travel - Out of State 0.0 0.0 0.0Food 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0Other Operating Expenses 0.0 0.0 0.0Equipment 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0Debt Service 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0Transfers 0.0 0.0 0.0

1,504.1 1,800.0 1,800.0Expenditure Categories Total:Non-Lapsing Authority from Prior Years 0.0 0.0 0.0Administrative Adjustments 0.0 0.0 0.0Capital Projects (Land, Buildings,Improvements) 0.0 0.0 0.0Appropriated 27th Pay Roll 0.0 0.0 0.0Legislative Fund Transfers 0.0 0.0 0.0IT Project Transfers 0.0 0.0 0.0

1,504.1 1,800.0 1,800.0Appropriated Expenditure Total:0.0 0.0 0.0Apppropriated FTE:



Fund Description

Revenues consist of monies appropriated from long-term disability contributions that are used to pay costs associated with the Long-Term Disability program.

OSPB:


Priority Funding Issue Title Total FTE

Total Amount

FY 2021

Funding Issues ListArizona State Retirement SystemAgency:

GeneralFund

Other Aprop. Funds

Non-App Funds

1 OPERATING BUDGET – ASRS ADMINISTRATION FUNDING 0.0 0.0 0.0 0.0 0.02 BASE OPERATING - LTD ADMINISTRATION FUNDING 0.0 0.0 0.0 0.0 0.03 CONTINUOUSLY APPROPRIATED FUNDING 0.0 5,321.6 0.0 0.0 5,321.6

0.0 5,321.6 Total: 0.0 0.0 5,321.6

0.0 5,321.6Decision Package Total: 0.0 0.0 5,321.6


Funding Issue DetailArizona State Retirement SystemAgency:

1 OPERATING BUDGET – ASRS ADMINISTRATION FUNDINGIssue:

Expenditure CategoriesFTE

FY 20210.0

Member ServicesRetirement System Appropriated (Appropriated)

$0.00$0.00

Program:Fund:

Calculated ERE:RT1401-A Uniform Allowance:

Personal Services 0.0Employee Related Expenses 0.0Subtotal Personal Services and ERE: 0.0Professional & Outside Services 0.0Travel In-State 0.0Travel Out-of-State 0.0Food 0.0Aid to Organizations & Individuals 0.0Other Operating Expenditures 0.0Equipment 0.0Capital Outlay 0.0Debt Services 0.0Cost Allocation 0.0Transfers 0.0

Program / Fund Total: 0.0


FY 20210.0

Administration and SupportRetirement System Appropriated (Appropriated)

$0.00$0.00

Program:Fund:





FY 20210.0

Investment ManagementRetirement System Appropriated (Appropriated)

$0.00$0.00

Program:Fund:


Personal Services 0.0Employee Related Expenses 0.0Subtotal Personal Services and ERE: 0.0Professional & Outside Services 0.0



1 OPERATING BUDGET – ASRS ADMINISTRATION FUNDINGIssue:

Travel In-State 0.0Travel Out-of-State 0.0Food 0.0Aid to Organizations & Individuals 0.0Other Operating Expenditures 0.0Equipment 0.0Capital Outlay 0.0Debt Services 0.0Cost Allocation 0.0Transfers 0.0


2 BASE OPERATING - LTD ADMINISTRATION FUNDINGIssue:


FY 20210.0

Member ServicesLTD Trust Fund (Appropriated)

$0.00$0.00

Program:Fund:




3 CONTINUOUSLY APPROPRIATED FUNDINGIssue:


FY 20210.0

Investment ManagementArizona State Retirement System (Non-Appropriated)

$0.00$0.00

Program:Fund:

Calculated ERE:RT1407-N Uniform Allowance:

Personal Services 0.0Employee Related Expenses 0.0Subtotal Personal Services and ERE: 0.0Professional & Outside Services 4,815.3Travel In-State 0.0Travel Out-of-State 0.0Food 0.0Aid to Organizations & Individuals 0.0Other Operating Expenditures 253.5



3 CONTINUOUSLY APPROPRIATED FUNDINGIssue:

Equipment 0.0Capital Outlay 0.0Debt Services 0.0Cost Allocation 0.0Transfers 0.0

Program / Fund Total: 5,068.8


FY 20210.0

Member ServicesArizona State Retirement System (Non-Appropriated)

$53.00$0.00

Program:Fund:


Personal Services 250.4Employee Related Expenses 106.3Subtotal Personal Services and ERE: 356.7Professional & Outside Services (70.6)Travel In-State 0.0Travel Out-of-State 0.0Food 0.0Aid to Organizations & Individuals 0.0Other Operating Expenditures (42.0)Equipment 0.0Capital Outlay 0.0Debt Services 0.0Cost Allocation 0.0Transfers 0.0



FY 20210.0

Administration and SupportArizona State Retirement System (Non-Appropriated)

$0.00$0.00

Program:Fund:





Summary of Expenditure and Budget Requestfor All Funds

Arizona State Retirement SystemAgency:

Appropriated FY 2021FY 2019Actual

FY 2020 FY 2021Total RequestExpd. Plan Fund. Issue

Expenditure CategoriesFTE 227.4 215.9 0.0 215.9

Cost Center/Program:

1 Member Services 19,290.0 0.0 19,290.018,580.22 Administration and Support 4,594.6 0.0 4,594.65,254.83 Investment Management 309.4 0.0 309.4293.9

24,128.9 24,194.0 0.0 24,194.0

Personal Services 12,899.8 13,025.0 0.0 13,025.0Employee Related Expenses 4,759.6 5,321.9 0.0 5,321.9Professional and Outside Services 3,465.4 3,055.4 0.0 3,055.4Travel In-State 26.4 30.0 0.0 30.0Travel Out of State 28.9 49.0 0.0 49.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 2,781.9 2,313.2 0.0 2,313.2Equipment 159.9 389.5 0.0 389.5Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 7.0 10.0 0.0 10.0

Expenditure Categories Total: 24,128.9 24,194.0 0.0 24,194.0




Non-Appropriated FY 2021FY 2019Actual


Expenditure CategoriesFTE 18.5 25.0 0.0 25.0


1 Member Services 4,509.1 244.1 4,753.23,188.62 Administration and Support 683.7 8.7 692.4645.03 Investment Management 132,889.2 5,068.8 137,958.095,661.2

99,494.8 138,082.0 5,321.6 143,403.6

Personal Services 1,711.0 2,727.0 250.4 2,977.4Employee Related Expenses 561.9 917.1 106.3 1,023.4Professional and Outside Services 92,514.5 129,204.9 4,744.7 133,949.6Travel In-State 0.4 0.0 0.0 0.0Travel Out of State 15.2 20.3 0.0 20.3Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 4,691.8 5,212.7 220.2 5,432.9Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0

Expenditure Categories Total: 99,494.8 138,082.0 5,321.6 143,403.6




Agency Total for All Funds: 123,623.7 162,276.0 5,321.6 167,597.6


Summary of Expenditure and Budget Requestfor Selected Funds


FY 2021FY 2019Actual


RT1401 Retirement System Appropriated (Appropriated)Fund:

Expenditure Categories

FTE 227.4 215.9 0.0 215.9


1 Member Services 17,076.1 17,490.0 0.0 17,490.02 Administration and Support 5,254.8 4,594.6 0.0 4,594.63 Investment Management 293.9 309.4 0.0 309.4

22,624.8 22,394.0 0.0 22,394.0

Personal Services 12,899.8 13,025.0 0.0 13,025.0Employee Related Expenses 4,759.6 5,321.9 0.0 5,321.9Professional and Outside Services 1,961.3 1,255.4 0.0 1,255.4Travel In-State 26.4 30.0 0.0 30.0Travel Out of State 28.9 49.0 0.0 49.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 2,781.9 2,313.2 0.0 2,313.2Equipment 159.9 389.5 0.0 389.5Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 7.0 10.0 0.0 10.0


Fund Total: 22,624.8 22,394.0 0.0 22,394.0






RT1407 Arizona State Retirement System (Non-Appropriated)Fund:


FTE 18.5 25.0 0.0 25.0


1 Member Services 3,188.6 4,509.1 244.1 4,753.22 Administration and Support 645.0 683.7 8.7 692.43 Investment Management 95,661.2 132,889.2 5,068.8 137,958.0

99,494.8 138,082.0 5,321.6 143,403.6

Personal Services 1,711.0 2,727.0 250.4 2,977.4Employee Related Expenses 561.9 917.1 106.3 1,023.4Professional and Outside Services 92,514.5 129,204.9 4,744.7 133,949.6Travel In-State 0.4 0.0 0.0 0.0Travel Out of State 15.2 20.3 0.0 20.3Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 4,691.8 5,212.7 220.2 5,432.9Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0

Expenditure Categories Total: 99,494.8 138,082.0 5,321.6 143,403.6

Fund Total: 99,494.8 138,082.0 5,321.6 143,403.6






RT1408 LTD Trust Fund (Appropriated)Fund:


FTE 0.0 0.0 0.0 0.0


1 Member Services 1,504.1 1,800.0 0.0 1,800.01,504.1 1,800.0 0.0 1,800.0

Personal Services 0.0 0.0 0.0 0.0Employee Related Expenses 0.0 0.0 0.0 0.0Professional and Outside Services 1,504.1 1,800.0 0.0 1,800.0Travel In-State 0.0 0.0 0.0 0.0Travel Out of State 0.0 0.0 0.0 0.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 0.0 0.0 0.0 0.0Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0


Fund Total: 1,504.1 1,800.0 0.0 1,800.0






RT1408 LTD Trust Fund (Appropriated)Fund:

Agency Total for Selected Funds 123,623.7 162,276.0 5,321.6 167,597.6


Program Summary of Expenditures and Budget RequestArizona State Retirement SystemAgency:

Program: Member Services




FTE Positions0000 196.0 201.0 0.0 201.0

Program Summary

Member Services1-1 21,268.8 23,799.1 244.1 24,043.2SLI One-Time IT Expenses1-2 500.0 0.0 0.0 0.0

Program Summary Total: 21,768.8 23,799.1 244.1 24,043.2

Personal Services6000 10,303.2 11,538.8 250.4 11,789.2Employee Related Expenses6100 3,949.2 4,841.5 106.3 4,947.8Professional and Outside Services6200 3,683.9 3,530.8 (70.6) 3,460.2Travel In-State6500 23.5 22.0 0.0 22.0Travel Out of State6600 16.0 29.0 0.0 29.0Food6700 0.0 0.0 0.0 0.0Aid to Organizations and Individuals6800 0.0 0.0 0.0 0.0Other Operating Expenses7000 3,641.9 3,467.5 (42.0) 3,425.5Equipment8000 151.1 369.5 0.0 369.5Capital Outlay8100 0.0 0.0 0.0 0.0Debt Service8600 0.0 0.0 0.0 0.0Cost Allocation9000 0.0 0.0 0.0 0.0Transfers9100 0.0 0.0 0.0 0.0

Expenditure Categories Total: 21,768.8 23,799.1 244.1 24,043.2 Fund Source

Appropriated FundsRetirement System Appropriated (Appropriated)RT1401-A 17,076.1 17,490.0 0.0 17,490.0LTD Trust Fund (Appropriated)RT1408-A 1,504.1 1,800.0 0.0 1,800.0

18,580.2 19,290.0 0.0 19,290.0Non-Appropriated Funds

Arizona State Retirement System (Non-AppropriatRT1407-N 3,188.6 4,509.1 244.1 4,753.23,188.6 4,509.1 244.1 4,753.2

Fund Source Total: 21,768.8 23,799.1 244.1 24,043.2

PageAll dollars are presented in thousands (not FTE).Date Printed: 8/27/2019 12:55:15 PM 22

Program Group Summary of Expenditures and Budget Requestfor Selected Funds





RT1401-AFund: Retirement System Appropriated (Appropriated)

Program Expenditures

COST CENTER/PROGRAM BUDGET UNIT

Member Services1-1 16,576.1 17,490.0 0.0 17,490.0SLI One-Time IT Expenses1-2 500.0 0.0 0.0 0.0

17,076.1 17,490.0 0.0 17,490.0Total

Appropriated Funding

Expenditure CategoriesFTE Positions 188.5 187.0 0.0 187.0

Personal Services 9,724.0 9,974.0 0.0 9,974.0Employee Related Expenses 3,749.4 4,309.5 0.0 4,309.5Professional and Outside Services 1,155.9 823.2 0.0 823.2Travel In-State 23.5 22.0 0.0 22.0Travel Out of State 16.0 29.0 0.0 29.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 2,256.2 1,962.8 0.0 1,962.8Equipment 151.1 369.5 0.0 369.5Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0


17,076.1 17,490.0 0.0 17,490.0Fund RT1401-A Total:

17,076.1 17,490.0 0.0 17,490.0Program 1 Total:







RT1407-NFund: Arizona State Retirement System (Non-Appropriated)



Member Services1-1 3,188.6 4,509.1 244.1 4,753.2

3,188.6 4,509.1 244.1 4,753.2Total

Non-Appropriated Funding


Personal Services 579.2 1,564.8 250.4 1,815.2Employee Related Expenses 199.8 532.0 106.3 638.3Professional and Outside Services 1,023.9 907.6 (70.6) 837.0Travel In-State 0.0 0.0 0.0 0.0Travel Out of State 0.0 0.0 0.0 0.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 1,385.7 1,504.7 (42.0) 1,462.7Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0


3,188.6 4,509.1 244.1 4,753.2Fund RT1407-N Total:

3,188.6 4,509.1 244.1 4,753.2Program 1 Total:







RT1408-AFund: LTD Trust Fund (Appropriated)



Member Services1-1 1,504.1 1,800.0 0.0 1,800.0

1,504.1 1,800.0 0.0 1,800.0Total



Personal Services 0.0 0.0 0.0 0.0Employee Related Expenses 0.0 0.0 0.0 0.0Professional and Outside Services 1,504.1 1,800.0 0.0 1,800.0Travel In-State 0.0 0.0 0.0 0.0Travel Out of State 0.0 0.0 0.0 0.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 0.0 0.0 0.0 0.0Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0


1,504.1 1,800.0 0.0 1,800.0Fund RT1408-A Total:

1,504.1 1,800.0 0.0 1,800.0Program 1 Total:



Program Budget Unit Summary of Expenditures and Budget Requestfor All Funds

Arizona State Retirement SystemAgency:Program: Member Services



FTE0000 192.5 201.0 0.0 201.0Personal Services6000 9,949.2 11,538.8 250.4 11,789.2Employee Related Expenses6100 3,848.6 4,841.5 106.3 4,947.8Professional and Outside Services6200 3,638.5 3,530.8 (70.6) 3,460.2Travel In-State6500 23.5 22.0 0.0 22.0Travel Out of State6600 16.0 29.0 0.0 29.0Food6700 0.0 0.0 0.0 0.0Aid to Organizations and Individuals6800 0.0 0.0 0.0 0.0Other Operating Expenses7000 3,641.9 3,467.5 (42.0) 3,425.5Equipment8000 151.1 369.5 0.0 369.5Capital Outlay8100 0.0 0.0 0.0 0.0Debt Service8600 0.0 0.0 0.0 0.0Cost Allocation9000 0.0 0.0 0.0 0.0Transfers9100 0.0 0.0 0.0 0.0


Fund Source

Appropriated FundsRT1401-A 16,576.1 17,490.0 0.0 17,490.0Retirement System Appropriated (Appropriated)RT1408-A 1,504.1 1,800.0 0.0 1,800.0LTD Trust Fund (Appropriated)


RT1407-N 3,188.6 4,509.1 244.1 4,753.2Arizona State Retirement System (Non-Appropriat

3,188.6 4,509.1 244.1 4,753.2



Program Budget Unit Summary of Expenditures and Budget Requestfor Selected Funds





RT1401-AFund: Retirement System Appropriated

Appropriated

0000 185.0 187.0 0.0 187.0FTE6000 9,370.0 9,974.0 0.0 9,974.0Personal Services6100 3,648.8 4,309.5 0.0 4,309.5Employee Related Expenses6200 1,110.5 823.2 0.0 823.2Professional and Outside Services6500 23.5 22.0 0.0 22.0Travel In-State6600 16.0 29.0 0.0 29.0Travel Out of State6700 0.0 0.0 0.0 0.0Food6800 0.0 0.0 0.0 0.0Aid to Organizations and Individuals7000 2,256.2 1,962.8 0.0 1,962.8Other Operating Expenses8000 151.1 369.5 0.0 369.5Equipment8100 0.0 0.0 0.0 0.0Capital Outlay8600 0.0 0.0 0.0 0.0Debt Service9000 0.0 0.0 0.0 0.0Cost Allocation9100 0.0 0.0 0.0 0.0Transfers

16,576.1 17,490.0 0.0 17,490.0Appropriated Total:

Fund Total: 16,576.1 17,490.0 0.0 17,490.0

Program Total For Selected Funds: 16,576.1 17,490.0 0.0 17,490.0







RT1407-NFund: Arizona State Retirement System

Non-Appropriated

0000 7.5 14.0 0.0 14.0FTE6000 579.2 1,564.8 250.4 1,815.2Personal Services6100 199.8 532.0 106.3 638.3Employee Related Expenses6200 1,023.9 907.6 (70.6) 837.0Professional and Outside Services6500 0.0 0.0 0.0 0.0Travel In-State6600 0.0 0.0 0.0 0.0Travel Out of State6700 0.0 0.0 0.0 0.0Food6800 0.0 0.0 0.0 0.0Aid to Organizations and Individuals7000 1,385.7 1,504.7 (42.0) 1,462.7Other Operating Expenses8000 0.0 0.0 0.0 0.0Equipment8100 0.0 0.0 0.0 0.0Capital Outlay8600 0.0 0.0 0.0 0.0Debt Service9000 0.0 0.0 0.0 0.0Cost Allocation9100 0.0 0.0 0.0 0.0Transfers

3,188.6 4,509.1 244.1 4,753.2Non-Appropriated Total:

Fund Total: 3,188.6 4,509.1 244.1 4,753.2








RT1408-AFund: LTD Trust Fund

Appropriated

0000 0.0 0.0 0.0 0.0FTE6000 0.0 0.0 0.0 0.0Personal Services6100 0.0 0.0 0.0 0.0Employee Related Expenses6200 1,504.1 1,800.0 0.0 1,800.0Professional and Outside Services6500 0.0 0.0 0.0 0.0Travel In-State6600 0.0 0.0 0.0 0.0Travel Out of State6700 0.0 0.0 0.0 0.0Food6800 0.0 0.0 0.0 0.0Aid to Organizations and Individuals7000 0.0 0.0 0.0 0.0Other Operating Expenses8000 0.0 0.0 0.0 0.0Equipment8100 0.0 0.0 0.0 0.0Capital Outlay8600 0.0 0.0 0.0 0.0Debt Service9000 0.0 0.0 0.0 0.0Cost Allocation9100 0.0 0.0 0.0 0.0Transfers


Fund Total: 1,504.1 1,800.0 0.0 1,800.0



Program Expenditure ScheduleArizona State Retirement SystemAgency:

Member ServicesProgram:

FY 2019 Actual

FY 2020 Expd. Plan

192.5 201.0FTE192.5 201.0Expenditure Category Total

Appropriated185.0 187.0Retirement System Appropriated (Appropriated)RT1401-A185.0 187.0

Non-Appropriated7.5 14.0Arizona State Retirement System (Non-Appropriated)RT1407-N7.5 14.0

192.5 201.0Fund Source Total

9,949.2 11,538.8Personal Services0.0 0.0Boards and Commissions

9,949.2 11,538.8Expenditure Category TotalAppropriated

9,370.0 9,974.0Retirement System Appropriated (Appropriated)RT1401-A9,370.0 9,974.0

Non-Appropriated579.2 1,564.8Arizona State Retirement System (Non-Appropriated)RT1407-N579.2 1,564.8

9,949.2 11,538.8Fund Source Total

3,848.6 4,841.5Employee Related Expenses3,848.6 4,841.5Expenditure Category Total

Appropriated3,648.8 4,309.5Retirement System Appropriated (Appropriated)RT1401-A3,648.8 4,309.5


3,848.6 4,841.5Fund Source Total

3,530.8Professional and Outside Services0.0External Prof/Outside Serv Budg And Appn0.0External Investment Services

2,186.6Other External Financial Services0.0Attorney General Legal Services8.2External Legal Services0.0External Engineer/Architect Cost - Exp0.0External Engineer/Architect Cost- Cap0.0Other Design

1,241.2Temporary Agency Services0.0Hospital Services0.0Other Medical Services0.0Institutional Care0.0Education And Training2.0Vendor Travel0.0Professional & Outside Services Excluded from Cost Alloca0.0Vendor Travel - Non Reportable0.0External Telecom Consulting Services0.0Costs related to those in custody of the State




FY 2019 Actual

FY 2020 Expd. Plan

0.0Non - Confidential Specialist Fees0.0Confidential Specialist Fees

84.7Outside Actuarial Costs115.8Other Professional And Outside Services


1,110.5 823.2Retirement System Appropriated (Appropriated)RT1401-A1,504.1 1,800.0LTD Trust Fund (Appropriated)RT1408-A2,614.6 2,623.2

Non-Appropriated1,023.9 907.6Arizona State Retirement System (Non-Appropriated)RT1407-N1,023.9 907.63,638.5 3,530.8Fund Source Total

23.5 22.0Travel In-State23.5 22.0Expenditure Category Total

Appropriated23.5 22.0Retirement System Appropriated (Appropriated)RT1401-A23.5 22.023.5 22.0Fund Source Total

16.0 29.0Travel Out of State16.0 29.0Expenditure Category Total


0.0 0.0Food0.0 0.0Expenditure Category Total

0.0 0.0Aid to Organizations and Individuals0.0 0.0Expenditure Category Total

3,467.5Other Operating Expenses0.0Other Operating Expenditures Budg Approp0.0Other Operating Expenditures Excluded from Cost Allocati0.0Risk Management Charges To State Agency0.0Risk Management Deductible - Indemnity0.0Risk Management Deductible - Legal0.0Risk Management Deductible - Medical0.0Risk Management Deductible - Other0.0Gen Liab- Non Physical-Taxable- Self Ins0.0Gross Proceeds Payments To Attorneys0.0General Liability- Non-Taxable- Self Ins0.0Medical Malpractice - Self-Insured0.0Automobile Liability - Self Insured0.0General Property Damage - Self- Insured0.0Automobile Physical Damage-Self Insured




FY 2019 Actual

FY 2020 Expd. Plan

0.0Liability Insurance Premiums0.0Property Insurance Premiums0.0Workers Compensation Benefit Payments0.0Self Insurance - Administrative Fees0.0Self Insurance - Premiums0.0Self Insurance - Claim Payments0.0Self Insurance - Pharmacy Claims0.0Premium Tax On Altcs0.0Other Insurance-Related Charges0.0Internal Service Data Processing0.0Internal Service Data Proc- Pc/Lan0.0External Programming-Mainframe/Legacy0.0External Programming- Pc/Lan/Serv/Web0.0External Data Entry0.0Othr External Data Proc-Mainframe/Legacy6.4Othr External Data Proc-Pc/Lan/Serv/Web

11.7Pmt for AFIS Development & Usage0.0Internal Service Telecommunications

284.6External Telecom Long Distance-In-State0.0External Telecom Long Distance-Out-State0.0Other External Telecommunication Service0.0Electricity0.0Sanitation Waste Disposal0.0Water0.0Gas And Fuel Oil For Buildings0.0Other Utilities0.0Building Rent Charges To State Agencies0.0Priv Lease To Own Bld Rent Chrgs To Agy0.0Cert Of Part Bld Rent Chrgs To Agy

1,115.2Rental Of Land And Buildings0.0Rental Of Computer Equipment0.0Rental Of Other Machinery And Equipment0.0Miscellaneous Rent0.0Interest On Overdue Payments0.0All Other Interest Payments0.0Internal Acct/Budg/Financial Svcs0.0Other Internal Services0.0Repair And Maintenance - Buildings0.0Repair And Maintenance - Vehicles0.1Repair And Maint - Mainframe And Legacy0.0Repair And Maint-Pc/Lan/Serv/Web

42.9Repair And Maintenance - Other Equipment0.0Other Repair And Maintenance

1,533.8Software Support And Maintenance0.0Uniforms0.0Inmate Clothing0.0Security Supplies

38.6Office Supplies2.3Computer Supplies0.0Housekeeping Supplies0.0Bedding And Bath Supplies




FY 2019 Actual

FY 2020 Expd. Plan

0.0Drugs And Medicine Supplies0.0Medical Supplies0.0Dental Supplies0.0Automotive And Transportation Fuels0.0Automotive Lubricants And Supplies0.0Rpr And Maint Supplies-Not Auto Or Build0.0Repair And Maintenance Supplies-Building0.0Other Operating Supplies0.0Publications0.0Aggregate Withheld Or Paid Commissions0.0Lottery Prizes0.0Lottery Distribution Costs0.0Material for Further Processing0.0Other Resale Supplies0.0Loss On Sales Of Capital Assets0.0Loss on Sales of Investments0.0Employee Tuition Reimbursement-Graduate2.8Employee Tuition Reimb Under-Grad/Other7.4Conference Registration-Attendance Fees

25.2Other Education And Training Costs0.0Advertising0.0Sponsorships0.0Internal Printing

43.6External Printing0.0Photography

315.3Postage And Delivery0.2Document shredding and Destruction Services1.5Translation and Sign Language Services0.0Distribution To State Universities0.0Other Intrastate Distributions0.0Awards0.0Entertainment And Promotional Items9.9Dues

199.1Books- Subscriptions And Publications0.0Costs For Digital Image Or Microfilm0.0Revolving Fund Advances0.0Credit Card Fees Over Approved Limit0.0Relief Bill Expenditures0.0Surplus Property Distr To State Agencies0.0Security Services0.0Judgments - Damages0.0ICA Payments to Claimants Confidential0.0Jdgmnt-Confidential Restitution To Indiv0.0Judgments - Non-Confidential Restitution0.0Judgments - Punitive And Compensatory0.0Pmts Made to Resolve/Disputes/Avoid Costs of Litigation0.0Pmts For Contracted State Inmate Labor0.0Payments To State Inmates0.0Bad Debt Expense0.0Interview Expense0.0Employee Relocations-Nontaxable




FY 2019 Actual

FY 2020 Expd. Plan

0.0Employee Relocations-Taxable0.0Non-Confidential Invest/Legal/Law Enf0.0Conf/Sensitive Invest/Legal/Undercover0.0Fingerprinting, Background Checks, Etc.1.3Other Miscellaneous Operating


2,256.2 1,962.8Retirement System Appropriated (Appropriated)RT1401-A2,256.2 1,962.8

Non-Appropriated1,385.7 1,504.7Arizona State Retirement System (Non-Appropriated)RT1407-N1,385.7 1,504.73,641.9 3,467.5Fund Source Total

369.5Current Year Expenditures0.0Capital Equipment Budget And Approp0.0Vehicles Capital Purchase0.0Vehicles Capital Leases0.0Furniture Capital Purchase0.0Depreciable Works Of Art & Hist Treas/Coll Capital Purcha0.0Non Depr Works Of Art & Hist Treas/Coll Cap Purchase0.0Furniture Capital Leases0.0Computer Equipment Capital Purchase0.0Computer Equipment Capital Lease0.0Telecommunication Equip-Capital Purchase0.0Telecommunication Equip-Capital Lease

41.3Other Equipment Capital Purchase0.0Other Equipment Capital Leases0.0Purchased Or Licensed Software-Website0.0Internally Generated Software-Website0.0Development in Progress0.0Right-Of-Way/Easement/Extraction Rights0.0Oth Int Assets purchased, licensed or internally generate0.0Other intangible assets acquired by capital lease0.0Other Capital Asset Purchases0.0Leasehold Improvement-Capital Purchase0.0Other Capital Asset Leases0.0Non-Capital Equip Budget And Approp0.0Vehicles Non-Capital Purchase0.0Vehicles Non-Capital Leases

15.0Furniture Non-Capital Purchase0.0Works Of Art And Hist Treas-Non Capital0.0Furniture Non-Capital Leases

61.5Computer Equipment Non-Capital Purchase0.0Computer Equipment Non-Capital Lease4.9Telecomm Equip Non-Capital Purchase0.0Telecomm Equip Non-Capital Leases

28.4Other Equipment Non-Capital Purchase0.0Weapons Non-Capital Purchase0.0Other Equipment Non-Capital Lease0.0Purchased Or Licensed Software/Website




FY 2019 Actual

FY 2020 Expd. Plan

0.0Internally Generated Software/Website0.0LICENSES AND PERMITS0.0Right-Of-Way/Easement/Extraction Exp0.0Other Intangible Assets - Purchased, Licensed or Internall0.0Noncapital Software/Web By Capital Lease0.0Other Intangible Assets Acquired by Capital Lease0.0Other Long Lived Tangible Assets to be Expenses0.0Non-Capital Equipment Excluded from Cost Allocation

151.1 369.5Expenditure Category TotalAppropriated

151.1 369.5Retirement System Appropriated (Appropriated)RT1401-A151.1 369.5151.1 369.5Fund Source Total

0.0 0.0Capital Outlay0.0 0.0Expenditure Category Total

0.0 0.0Debt Service0.0 0.0Expenditure Category Total

0.0 0.0Cost Allocation0.0 0.0Expenditure Category Total

0.0 0.0Transfers0.0 0.0Expenditure Category Total

Combined Regular & Elected Positions At/Above FICA Maximum of $128,400

0.32.0 265.8

FTE's not eligible for Health, Dental & Life

Total FTE

Personal Services

Retirement System FTEPersonalServices

Employee Retirement Coverage

Fund#Defined Contributions 1.0 87.5 RT1401-A

Arizona State Retirement System 181.5 9,700.9 RT1401-A

ASRS – return to work 4.5 185.6 RT1401-A

Arizona State Retirement System 14.0 1,564.8 RT1407-N




Arizona State Retirement SystemAgency:Program: SLI One-Time IT Expenses



FTE0000 3.5 0.0 0.0 0.0Personal Services6000 354.0 0.0 0.0 0.0Employee Related Expenses6100 100.6 0.0 0.0 0.0Professional and Outside Services6200 45.4 0.0 0.0 0.0Travel In-State6500 0.0 0.0 0.0 0.0Travel Out of State6600 0.0 0.0 0.0 0.0Food6700 0.0 0.0 0.0 0.0Aid to Organizations and Individuals6800 0.0 0.0 0.0 0.0Other Operating Expenses7000 0.0 0.0 0.0 0.0Equipment8000 0.0 0.0 0.0 0.0Capital Outlay8100 0.0 0.0 0.0 0.0Debt Service8600 0.0 0.0 0.0 0.0Cost Allocation9000 0.0 0.0 0.0 0.0Transfers9100 0.0 0.0 0.0 0.0

Expenditure Categories Total: 500.0 0.0 0.0 0.0

Fund Source

Appropriated FundsRT1401-A 500.0 0.0 0.0 0.0Retirement System Appropriated (Appropriated)

500.0 0.0 0.0 0.0

Fund Source Total: 500.0 0.0 0.0 0.0






Program: SLI One-Time IT Expenses


Appropriated

0000 3.5 0.0 0.0 0.0FTE6000 354.0 0.0 0.0 0.0Personal Services6100 100.6 0.0 0.0 0.0Employee Related Expenses6200 45.4 0.0 0.0 0.0Professional and Outside Services6500 0.0 0.0 0.0 0.0Travel In-State6600 0.0 0.0 0.0 0.0Travel Out of State6700 0.0 0.0 0.0 0.0Food6800 0.0 0.0 0.0 0.0Aid to Organizations and Individuals7000 0.0 0.0 0.0 0.0Other Operating Expenses8000 0.0 0.0 0.0 0.0Equipment8100 0.0 0.0 0.0 0.0Capital Outlay8600 0.0 0.0 0.0 0.0Debt Service9000 0.0 0.0 0.0 0.0Cost Allocation9100 0.0 0.0 0.0 0.0Transfers

500.0 0.0 0.0 0.0Appropriated Total:

Fund Total: 500.0 0.0 0.0 0.0

Program Total For Selected Funds: 500.0 0.0 0.0 0.0



SLI One-Time IT ExpensesProgram:

FY 2019 Actual

FY 2020 Expd. Plan



354.0 0.0Personal Services0.0 0.0Boards and Commissions



100.6 0.0Employee Related Expenses100.6 0.0Expenditure Category Total


0.0Professional and Outside Services0.0External Prof/Outside Serv Budg And Appn0.0External Investment Services0.0Other External Financial Services0.0Attorney General Legal Services0.0External Legal Services0.0External Engineer/Architect Cost - Exp0.0External Engineer/Architect Cost- Cap0.0Other Design0.0Temporary Agency Services0.0Hospital Services0.0Other Medical Services0.0Institutional Care0.0Education And Training0.0Vendor Travel0.0Professional & Outside Services Excluded from Cost Alloca0.0Vendor Travel - Non Reportable0.0External Telecom Consulting Services0.0Costs related to those in custody of the State0.0Non - Confidential Specialist Fees0.0Confidential Specialist Fees0.0Outside Actuarial Costs

45.4Other Professional And Outside Services




FY 2019 Actual

FY 2020 Expd. Plan







0.0Other Operating Expenses0.0Other Operating Expenditures Budg Approp0.0Other Operating Expenditures Excluded from Cost Allocati0.0Risk Management Charges To State Agency0.0Risk Management Deductible - Indemnity0.0Risk Management Deductible - Legal0.0Risk Management Deductible - Medical0.0Risk Management Deductible - Other0.0Gen Liab- Non Physical-Taxable- Self Ins0.0Gross Proceeds Payments To Attorneys0.0General Liability- Non-Taxable- Self Ins0.0Medical Malpractice - Self-Insured0.0Automobile Liability - Self Insured0.0General Property Damage - Self- Insured0.0Automobile Physical Damage-Self Insured0.0Liability Insurance Premiums0.0Property Insurance Premiums0.0Workers Compensation Benefit Payments0.0Self Insurance - Administrative Fees0.0Self Insurance - Premiums0.0Self Insurance - Claim Payments0.0Self Insurance - Pharmacy Claims0.0Premium Tax On Altcs0.0Other Insurance-Related Charges0.0Internal Service Data Processing0.0Internal Service Data Proc- Pc/Lan0.0External Programming-Mainframe/Legacy0.0External Programming- Pc/Lan/Serv/Web0.0External Data Entry0.0Othr External Data Proc-Mainframe/Legacy0.0Othr External Data Proc-Pc/Lan/Serv/Web




FY 2019 Actual

FY 2020 Expd. Plan

0.0Pmt for AFIS Development & Usage0.0Internal Service Telecommunications0.0External Telecom Long Distance-In-State0.0External Telecom Long Distance-Out-State0.0Other External Telecommunication Service0.0Electricity0.0Sanitation Waste Disposal0.0Water0.0Gas And Fuel Oil For Buildings0.0Other Utilities0.0Building Rent Charges To State Agencies0.0Priv Lease To Own Bld Rent Chrgs To Agy0.0Cert Of Part Bld Rent Chrgs To Agy0.0Rental Of Land And Buildings0.0Rental Of Computer Equipment0.0Rental Of Other Machinery And Equipment0.0Miscellaneous Rent0.0Interest On Overdue Payments0.0All Other Interest Payments0.0Internal Acct/Budg/Financial Svcs0.0Other Internal Services0.0Repair And Maintenance - Buildings0.0Repair And Maintenance - Vehicles0.0Repair And Maint - Mainframe And Legacy0.0Repair And Maint-Pc/Lan/Serv/Web0.0Repair And Maintenance - Other Equipment0.0Other Repair And Maintenance0.0Software Support And Maintenance0.0Uniforms0.0Inmate Clothing0.0Security Supplies0.0Office Supplies0.0Computer Supplies0.0Housekeeping Supplies0.0Bedding And Bath Supplies0.0Drugs And Medicine Supplies0.0Medical Supplies0.0Dental Supplies0.0Automotive And Transportation Fuels0.0Automotive Lubricants And Supplies0.0Rpr And Maint Supplies-Not Auto Or Build0.0Repair And Maintenance Supplies-Building0.0Other Operating Supplies0.0Publications0.0Aggregate Withheld Or Paid Commissions0.0Lottery Prizes0.0Lottery Distribution Costs0.0Material for Further Processing0.0Other Resale Supplies0.0Loss On Sales Of Capital Assets0.0Loss on Sales of Investments




FY 2019 Actual

FY 2020 Expd. Plan

0.0Employee Tuition Reimbursement-Graduate0.0Employee Tuition Reimb Under-Grad/Other0.0Conference Registration-Attendance Fees0.0Other Education And Training Costs0.0Advertising0.0Sponsorships0.0Internal Printing0.0External Printing0.0Photography0.0Postage And Delivery0.0Document shredding and Destruction Services0.0Translation and Sign Language Services0.0Distribution To State Universities0.0Other Intrastate Distributions0.0Awards0.0Entertainment And Promotional Items0.0Dues0.0Books- Subscriptions And Publications0.0Costs For Digital Image Or Microfilm0.0Revolving Fund Advances0.0Credit Card Fees Over Approved Limit0.0Relief Bill Expenditures0.0Surplus Property Distr To State Agencies0.0Security Services0.0Judgments - Damages0.0ICA Payments to Claimants Confidential0.0Jdgmnt-Confidential Restitution To Indiv0.0Judgments - Non-Confidential Restitution0.0Judgments - Punitive And Compensatory0.0Pmts Made to Resolve/Disputes/Avoid Costs of Litigation0.0Pmts For Contracted State Inmate Labor0.0Payments To State Inmates0.0Bad Debt Expense0.0Interview Expense0.0Employee Relocations-Nontaxable0.0Employee Relocations-Taxable0.0Non-Confidential Invest/Legal/Law Enf0.0Conf/Sensitive Invest/Legal/Undercover0.0Fingerprinting, Background Checks, Etc.0.0Other Miscellaneous Operating0.0 0.0Expenditure Category Total

0.0Current Year Expenditures0.0Capital Equipment Budget And Approp0.0Vehicles Capital Purchase0.0Vehicles Capital Leases0.0Furniture Capital Purchase0.0Depreciable Works Of Art & Hist Treas/Coll Capital Purcha0.0Non Depr Works Of Art & Hist Treas/Coll Cap Purchase0.0Furniture Capital Leases




FY 2019 Actual

FY 2020 Expd. Plan

0.0Computer Equipment Capital Purchase0.0Computer Equipment Capital Lease0.0Telecommunication Equip-Capital Purchase0.0Telecommunication Equip-Capital Lease0.0Other Equipment Capital Purchase0.0Other Equipment Capital Leases0.0Purchased Or Licensed Software-Website0.0Internally Generated Software-Website0.0Development in Progress0.0Right-Of-Way/Easement/Extraction Rights0.0Oth Int Assets purchased, licensed or internally generate0.0Other intangible assets acquired by capital lease0.0Other Capital Asset Purchases0.0Leasehold Improvement-Capital Purchase0.0Other Capital Asset Leases0.0Non-Capital Equip Budget And Approp0.0Vehicles Non-Capital Purchase0.0Vehicles Non-Capital Leases0.0Furniture Non-Capital Purchase0.0Works Of Art And Hist Treas-Non Capital0.0Furniture Non-Capital Leases0.0Computer Equipment Non-Capital Purchase0.0Computer Equipment Non-Capital Lease0.0Telecomm Equip Non-Capital Purchase0.0Telecomm Equip Non-Capital Leases0.0Other Equipment Non-Capital Purchase0.0Weapons Non-Capital Purchase0.0Other Equipment Non-Capital Lease0.0Purchased Or Licensed Software/Website0.0Internally Generated Software/Website0.0LICENSES AND PERMITS0.0Right-Of-Way/Easement/Extraction Exp0.0Other Intangible Assets - Purchased, Licensed or Internall0.0Noncapital Software/Web By Capital Lease0.0Other Intangible Assets Acquired by Capital Lease0.0Other Long Lived Tangible Assets to be Expenses0.0Non-Capital Equipment Excluded from Cost Allocation0.0 0.0Expenditure Category Total




0.0 0.0Transfers




FY 2019 Actual

FY 2020 Expd. Plan

0.0 0.0Expenditure Category Total


0.00.0 0.0


Total FTE

Personal Services



Program: Administration and Support




FTE Positions0000 38.9 28.9 0.0 28.9

Program Summary

Administration and Support2-1 5,899.8 5,278.3 8.7 5,287.0

Program Summary Total: 5,899.8 5,278.3 8.7 5,287.0

Personal Services6000 2,933.3 2,798.9 0.0 2,798.9Employee Related Expenses6100 958.8 955.1 0.0 955.1Professional and Outside Services6200 1,075.5 707.2 0.0 707.2Travel In-State6500 2.9 8.0 0.0 8.0Travel Out of State6600 12.9 20.0 0.0 20.0Food6700 0.0 0.0 0.0 0.0Aid to Organizations and Individuals6800 0.0 0.0 0.0 0.0Other Operating Expenses7000 900.6 759.1 8.7 767.8Equipment8000 8.8 20.0 0.0 20.0Capital Outlay8100 0.0 0.0 0.0 0.0Debt Service8600 0.0 0.0 0.0 0.0Cost Allocation9000 0.0 0.0 0.0 0.0Transfers9100 7.0 10.0 0.0 10.0

Expenditure Categories Total: 5,899.8 5,278.3 8.7 5,287.0 Fund Source

Appropriated FundsRetirement System Appropriated (Appropriated)RT1401-A 5,254.8 4,594.6 0.0 4,594.6


Arizona State Retirement System (Non-AppropriatRT1407-N 645.0 683.7 8.7 692.4645.0 683.7 8.7 692.4











Administration and Support2-1 5,254.8 4,594.6 0.0 4,594.6

5,254.8 4,594.6 0.0 4,594.6Total



Personal Services 2,933.3 2,798.9 0.0 2,798.9Employee Related Expenses 958.8 955.1 0.0 955.1Professional and Outside Services 805.4 432.2 0.0 432.2Travel In-State 2.9 8.0 0.0 8.0Travel Out of State 12.9 20.0 0.0 20.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 525.7 350.4 0.0 350.4Equipment 8.8 20.0 0.0 20.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 7.0 10.0 0.0 10.0


5,254.8 4,594.6 0.0 4,594.6Fund RT1401-A Total:

5,254.8 4,594.6 0.0 4,594.6Program 2 Total:










Administration and Support2-1 645.0 683.7 8.7 692.4

645.0 683.7 8.7 692.4Total



Personal Services 0.0 0.0 0.0 0.0Employee Related Expenses 0.0 0.0 0.0 0.0Professional and Outside Services 270.1 275.0 0.0 275.0Travel In-State 0.0 0.0 0.0 0.0Travel Out of State 0.0 0.0 0.0 0.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 374.9 408.7 8.7 417.4Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0


645.0 683.7 8.7 692.4Fund RT1407-N Total:

645.0 683.7 8.7 692.4Program 2 Total:




Arizona State Retirement SystemAgency:Program: Administration and Support



FTE0000 38.9 28.9 0.0 28.9Personal Services6000 2,933.3 2,798.9 0.0 2,798.9Employee Related Expenses6100 958.8 955.1 0.0 955.1Professional and Outside Services6200 1,075.5 707.2 0.0 707.2Travel In-State6500 2.9 8.0 0.0 8.0Travel Out of State6600 12.9 20.0 0.0 20.0Food6700 0.0 0.0 0.0 0.0Aid to Organizations and Individuals6800 0.0 0.0 0.0 0.0Other Operating Expenses7000 900.6 759.1 8.7 767.8Equipment8000 8.8 20.0 0.0 20.0Capital Outlay8100 0.0 0.0 0.0 0.0Debt Service8600 0.0 0.0 0.0 0.0Cost Allocation9000 0.0 0.0 0.0 0.0Transfers9100 7.0 10.0 0.0 10.0


Fund Source

Appropriated FundsRT1401-A 5,254.8 4,594.6 0.0 4,594.6Retirement System Appropriated (Appropriated)


RT1407-N 645.0 683.7 8.7 692.4Arizona State Retirement System (Non-Appropriat

645.0 683.7 8.7 692.4









Appropriated

0000 38.9 28.9 0.0 28.9FTE6000 2,933.3 2,798.9 0.0 2,798.9Personal Services6100 958.8 955.1 0.0 955.1Employee Related Expenses6200 805.4 432.2 0.0 432.2Professional and Outside Services6500 2.9 8.0 0.0 8.0Travel In-State6600 12.9 20.0 0.0 20.0Travel Out of State6700 0.0 0.0 0.0 0.0Food6800 0.0 0.0 0.0 0.0Aid to Organizations and Individuals7000 525.7 350.4 0.0 350.4Other Operating Expenses8000 8.8 20.0 0.0 20.0Equipment8100 0.0 0.0 0.0 0.0Capital Outlay8600 0.0 0.0 0.0 0.0Debt Service9000 0.0 0.0 0.0 0.0Cost Allocation9100 7.0 10.0 0.0 10.0Transfers


Fund Total: 5,254.8 4,594.6 0.0 4,594.6








RT1407-NFund: Arizona State Retirement System

Non-Appropriated

0000 0.0 0.0 0.0 0.0FTE6000 0.0 0.0 0.0 0.0Personal Services6100 0.0 0.0 0.0 0.0Employee Related Expenses6200 270.1 275.0 0.0 275.0Professional and Outside Services6500 0.0 0.0 0.0 0.0Travel In-State6600 0.0 0.0 0.0 0.0Travel Out of State6700 0.0 0.0 0.0 0.0Food6800 0.0 0.0 0.0 0.0Aid to Organizations and Individuals7000 374.9 408.7 8.7 417.4Other Operating Expenses8000 0.0 0.0 0.0 0.0Equipment8100 0.0 0.0 0.0 0.0Capital Outlay8600 0.0 0.0 0.0 0.0Debt Service9000 0.0 0.0 0.0 0.0Cost Allocation9100 0.0 0.0 0.0 0.0Transfers

645.0 683.7 8.7 692.4Non-Appropriated Total:

Fund Total: 645.0 683.7 8.7 692.4

Program Total For Selected Funds: 645.0 683.7 8.7 692.4



Administration and SupportProgram:

FY 2019 Actual

FY 2020 Expd. Plan



2,933.3 2,798.9Personal Services0.0 0.0Boards and Commissions


2,933.3 2,798.9Retirement System Appropriated (Appropriated)RT1401-A2,933.3 2,798.92,933.3 2,798.9Fund Source Total

958.8 955.1Employee Related Expenses958.8 955.1Expenditure Category Total


707.2Professional and Outside Services0.0External Prof/Outside Serv Budg And Appn0.0External Investment Services0.0Other External Financial Services

215.1Attorney General Legal Services223.5External Legal Services

0.0External Engineer/Architect Cost - Exp0.0External Engineer/Architect Cost- Cap0.0Other Design0.0Temporary Agency Services0.0Hospital Services0.0Other Medical Services0.0Institutional Care0.0Education And Training6.2Vendor Travel0.0Professional & Outside Services Excluded from Cost Alloca0.0Vendor Travel - Non Reportable0.0External Telecom Consulting Services0.0Costs related to those in custody of the State0.0Non - Confidential Specialist Fees0.0Confidential Specialist Fees

270.1Outside Actuarial Costs360.6Other Professional And Outside Services




FY 2019 Actual

FY 2020 Expd. Plan

1,075.5 707.2Expenditure Category TotalAppropriated

805.4 432.2Retirement System Appropriated (Appropriated)RT1401-A805.4 432.2


1,075.5 707.2Fund Source Total







759.1Other Operating Expenses0.0Other Operating Expenditures Budg Approp0.0Other Operating Expenditures Excluded from Cost Allocati

279.6Risk Management Charges To State Agency0.0Risk Management Deductible - Indemnity0.0Risk Management Deductible - Legal0.0Risk Management Deductible - Medical0.0Risk Management Deductible - Other0.0Gen Liab- Non Physical-Taxable- Self Ins0.0Gross Proceeds Payments To Attorneys0.0General Liability- Non-Taxable- Self Ins0.0Medical Malpractice - Self-Insured0.0Automobile Liability - Self Insured0.0General Property Damage - Self- Insured0.0Automobile Physical Damage-Self Insured0.0Liability Insurance Premiums0.0Property Insurance Premiums0.0Workers Compensation Benefit Payments0.0Self Insurance - Administrative Fees0.0Self Insurance - Premiums




FY 2019 Actual

FY 2020 Expd. Plan

0.0Self Insurance - Claim Payments0.0Self Insurance - Pharmacy Claims0.0Premium Tax On Altcs0.0Other Insurance-Related Charges0.0Internal Service Data Processing0.0Internal Service Data Proc- Pc/Lan0.0External Programming-Mainframe/Legacy0.0External Programming- Pc/Lan/Serv/Web0.0External Data Entry0.0Othr External Data Proc-Mainframe/Legacy0.0Othr External Data Proc-Pc/Lan/Serv/Web0.0Pmt for AFIS Development & Usage0.0Internal Service Telecommunications0.0External Telecom Long Distance-In-State0.0External Telecom Long Distance-Out-State0.0Other External Telecommunication Service0.0Electricity0.0Sanitation Waste Disposal0.0Water0.0Gas And Fuel Oil For Buildings0.0Other Utilities0.0Building Rent Charges To State Agencies0.0Priv Lease To Own Bld Rent Chrgs To Agy0.0Cert Of Part Bld Rent Chrgs To Agy

374.9Rental Of Land And Buildings1.2Rental Of Computer Equipment0.0Rental Of Other Machinery And Equipment0.0Miscellaneous Rent0.0Interest On Overdue Payments0.0All Other Interest Payments0.0Internal Acct/Budg/Financial Svcs0.0Other Internal Services0.0Repair And Maintenance - Buildings0.0Repair And Maintenance - Vehicles0.0Repair And Maint - Mainframe And Legacy0.0Repair And Maint-Pc/Lan/Serv/Web0.0Repair And Maintenance - Other Equipment0.5Other Repair And Maintenance0.0Software Support And Maintenance0.0Uniforms0.0Inmate Clothing0.0Security Supplies6.1Office Supplies0.0Computer Supplies0.0Housekeeping Supplies0.0Bedding And Bath Supplies0.0Drugs And Medicine Supplies0.0Medical Supplies0.0Dental Supplies0.0Automotive And Transportation Fuels0.0Automotive Lubricants And Supplies




FY 2019 Actual

FY 2020 Expd. Plan

0.0Rpr And Maint Supplies-Not Auto Or Build0.0Repair And Maintenance Supplies-Building0.0Other Operating Supplies0.0Publications0.0Aggregate Withheld Or Paid Commissions0.0Lottery Prizes0.0Lottery Distribution Costs0.0Material for Further Processing0.0Other Resale Supplies0.0Loss On Sales Of Capital Assets0.0Loss on Sales of Investments0.0Employee Tuition Reimbursement-Graduate0.0Employee Tuition Reimb Under-Grad/Other5.2Conference Registration-Attendance Fees

27.4Other Education And Training Costs8.6Advertising0.0Sponsorships0.0Internal Printing

28.0External Printing0.0Photography

48.3Postage And Delivery8.9Document shredding and Destruction Services0.0Translation and Sign Language Services0.0Distribution To State Universities0.0Other Intrastate Distributions6.5Awards0.0Entertainment And Promotional Items

64.6Dues40.6Books- Subscriptions And Publications0.0Costs For Digital Image Or Microfilm0.0Revolving Fund Advances0.0Credit Card Fees Over Approved Limit0.0Relief Bill Expenditures0.0Surplus Property Distr To State Agencies0.0Security Services0.0Judgments - Damages0.0ICA Payments to Claimants Confidential0.0Jdgmnt-Confidential Restitution To Indiv0.0Judgments - Non-Confidential Restitution0.0Judgments - Punitive And Compensatory0.0Pmts Made to Resolve/Disputes/Avoid Costs of Litigation0.0Pmts For Contracted State Inmate Labor0.0Payments To State Inmates0.0Bad Debt Expense0.0Interview Expense0.0Employee Relocations-Nontaxable0.0Employee Relocations-Taxable0.0Non-Confidential Invest/Legal/Law Enf0.0Conf/Sensitive Invest/Legal/Undercover0.0Fingerprinting, Background Checks, Etc.0.2Other Miscellaneous Operating




FY 2019 Actual

FY 2020 Expd. Plan


525.7 350.4Retirement System Appropriated (Appropriated)RT1401-A525.7 350.4

Non-Appropriated374.9 408.7Arizona State Retirement System (Non-Appropriated)RT1407-N374.9 408.7900.6 759.1Fund Source Total

20.0Current Year Expenditures0.0Capital Equipment Budget And Approp0.0Vehicles Capital Purchase0.0Vehicles Capital Leases0.0Furniture Capital Purchase0.0Depreciable Works Of Art & Hist Treas/Coll Capital Purcha0.0Non Depr Works Of Art & Hist Treas/Coll Cap Purchase0.0Furniture Capital Leases0.0Computer Equipment Capital Purchase0.0Computer Equipment Capital Lease0.0Telecommunication Equip-Capital Purchase0.0Telecommunication Equip-Capital Lease0.0Other Equipment Capital Purchase0.0Other Equipment Capital Leases0.0Purchased Or Licensed Software-Website0.0Internally Generated Software-Website0.0Development in Progress0.0Right-Of-Way/Easement/Extraction Rights0.0Oth Int Assets purchased, licensed or internally generate0.0Other intangible assets acquired by capital lease0.0Other Capital Asset Purchases0.0Leasehold Improvement-Capital Purchase0.0Other Capital Asset Leases0.0Non-Capital Equip Budget And Approp0.0Vehicles Non-Capital Purchase0.0Vehicles Non-Capital Leases8.8Furniture Non-Capital Purchase0.0Works Of Art And Hist Treas-Non Capital0.0Furniture Non-Capital Leases0.0Computer Equipment Non-Capital Purchase0.0Computer Equipment Non-Capital Lease0.0Telecomm Equip Non-Capital Purchase0.0Telecomm Equip Non-Capital Leases0.0Other Equipment Non-Capital Purchase0.0Weapons Non-Capital Purchase0.0Other Equipment Non-Capital Lease0.0Purchased Or Licensed Software/Website0.0Internally Generated Software/Website0.0LICENSES AND PERMITS0.0Right-Of-Way/Easement/Extraction Exp0.0Other Intangible Assets - Purchased, Licensed or Internall0.0Noncapital Software/Web By Capital Lease




FY 2019 Actual

FY 2020 Expd. Plan

0.0Other Intangible Assets Acquired by Capital Lease0.0Other Long Lived Tangible Assets to be Expenses0.0Non-Capital Equipment Excluded from Cost Allocation8.8 20.0Expenditure Category Total





7.0 10.0Transfers7.0 10.0Expenditure Category Total



0.02.0 455.4


Total FTE

Personal Services

Retirement System FTEPersonalServices

Employee Retirement Coverage

Fund#Arizona State Retirement System 25.2 2,395.6 RT1401-A

ASRS – return to work 3.7 403.3 RT1401-A



Program: Investment Management




FTE Positions0000 11.0 11.0 0.0 11.0

Program Summary

Investment Management3-1 95,955.1 133,198.6 5,068.8 138,267.4

Program Summary Total: 95,955.1 133,198.6 5,068.8 138,267.4

Personal Services6000 1,374.3 1,414.3 0.0 1,414.3Employee Related Expenses6100 413.5 442.4 0.0 442.4Professional and Outside Services6200 91,220.5 128,022.3 4,815.3 132,837.6Travel In-State6500 0.4 0.0 0.0 0.0Travel Out of State6600 15.2 20.3 0.0 20.3Food6700 0.0 0.0 0.0 0.0Aid to Organizations and Individuals6800 0.0 0.0 0.0 0.0Other Operating Expenses7000 2,931.2 3,299.3 253.5 3,552.8Equipment8000 0.0 0.0 0.0 0.0Capital Outlay8100 0.0 0.0 0.0 0.0Debt Service8600 0.0 0.0 0.0 0.0Cost Allocation9000 0.0 0.0 0.0 0.0Transfers9100 0.0 0.0 0.0 0.0

Expenditure Categories Total: 95,955.1 133,198.6 5,068.8 138,267.4 Fund Source

Appropriated FundsRetirement System Appropriated (Appropriated)RT1401-A 293.9 309.4 0.0 309.4

293.9 309.4 0.0 309.4Non-Appropriated Funds

Arizona State Retirement System (Non-AppropriatRT1407-N 95,661.2 132,889.2 5,068.8 137,958.095,661.2 132,889.2 5,068.8 137,958.0

Fund Source Total: 95,955.1 133,198.6 5,068.8 138,267.4










Investment Management3-1 293.9 309.4 0.0 309.4

293.9 309.4 0.0 309.4Total



Personal Services 242.5 252.1 0.0 252.1Employee Related Expenses 51.4 57.3 0.0 57.3Professional and Outside Services 0.0 0.0 0.0 0.0Travel In-State 0.0 0.0 0.0 0.0Travel Out of State 0.0 0.0 0.0 0.0Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 0.0 0.0 0.0 0.0Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0 0.0Cost Allocation 0.0 0.0 0.0 0.0Transfers 0.0 0.0 0.0 0.0


293.9 309.4 0.0 309.4Fund RT1401-A Total:

293.9 309.4 0.0 309.4Program 3 Total:










Investment Management3-1 95,661.2 132,889.2 5,068.8 137,958.0

95,661.2 132,889.2 5,068.8 137,958.0Total



Personal Services 1,131.8 1,162.2 0.0 1,162.2Employee Related Expenses 362.1 385.1 0.0 385.1Professional and Outside Services 91,220.5 128,022.3 4,815.3 132,837.6Travel In-State 0.4 0.0 0.0 0.0Travel Out of State 15.2 20.3 0.0 20.3Food 0.0 0.0 0.0 0.0Aid to Organizations and Individuals 0.0 0.0 0.0 0.0Other Operating Expenses 2,931.2 3,299.3 253.5 3,552.8Equipment 0.0 0.0 0.0 0.0Capital Outlay 0.0 0.0 0.0 0.0Debt Service 0.0 0.0 0.0

Documents

State of Arizona Budget Request - Arizona State Retirement System · 2020. 1. 2. · Sources and Uses of Funds Agency: Arizona State Retirement System Estimate FY 2020 Actual FY 2019