1 result for “government agenda” · budget
- Budget
The Fresno County Board of Retirement presents the Fiscal Year 2023-24 Recommended Budget totaling $20,561,144, a 1.0% increase of $207,620 from FY 2022-23. The Administrative Budget is proposed at $6,823,295, representing a 1.4% increase of $93,029, with primary increases in Salaries and Benefits due to negotiated wage increases and planned information technology upgrades. The Administrative Budget operates at 9.9 basis points, remaining 11.1 basis points below the state-mandated 21-basis-point cap under Government Code section 31580.2(a). The recommended budget includes funding for a student Investment Analyst position and incorporates cost savings from a digital newsletter launch and reduced Investment Management Expenses. The Board agenda dated June 7, 2023, seeks approval of the budget or directs staff to present revisions at the June 21, 2023 meeting.
AI summary