Print Friendly HOUSE BILL NO. 294 – Approp, Public Employee Retirement
HOUSE BILL NO. 294
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H0294.....................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$6,234,900 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2006; provides legislative intent that moneys
appropriated for the Portfolio Investment Program are for administrative
costs of the program; reappropriates unexpended and unencumbered balances
for expenditures related to business process reengineering; and limits the
number of authorized full-time equivalent positions to 63.
03/04 House intro - 1st rdg - to printing
03/07 Rpt prt - to 2nd rdg
03/08 2nd rdg - to 3rd rdg
03/09 3rd rdg - PASSED - 67-0-3
AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer,
Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Bradford, Cannon,
Chadderdon, Clark, Collins, Crow, Denney, Edmunson, Ellsworth,
Eskridge, Field(18), Field(23), Garrett, Hart, Harwood, Henbest,
Henderson, Jaquet, Jones, Kemp, Lake, LeFavour, Loertscher, Martinez,
Mathews, McGeachin, McKague, Miller, Mitchell, Moyle, Nielsen,
Nonini, Pasley-Stuart, Pence, Raybould, Ring, Ringo, Roberts, Rusche,
Rydalch, Sali, Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley,
Skippen, Smith(30), Smylie, Snodgrass, Stevenson, Trail, Wood, Mr.
Speaker
NAYS -- None
Absent and excused -- Deal, Smith(24), Wills
Floor Sponsor - Bolz
Title apvd - to Senate
03/10 Senate intro - 1st rdg - to Fin
03/11 Rpt out - rec d/p - to 2nd rdg
03/14 2nd rdg - to 3rd rdg
03/15 3rd rdg - PASSED - 34-0-0, 1 vacancy
AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett,
Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis,
Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst,
Little, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce, Richardson,
Schroeder, Stegner, Stennett, Sweet, Werk, Williams
NAYS -- None
Absent and excused -- (District 21 seat vacant)
Floor Sponsor - Marley
Title apvd - to House
03/16 To enrol
03/17 Rpt enrol - Sp signed
03/18 Pres signed
03/21 To Governor
03/23 Governor signed
Session Law Chapter 147
Effective: 07/01/05
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature First Regular Session - 2005
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 294
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2006; CLARIFYING THE APPROPRIATION FOR THE PORTFOLIO INVESTMENT PROGRAM;
4 REAPPROPRIATING CERTAIN UNEXPENDED AND UNENCUMBERED MONEYS; AND LIMITING
5 THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. There is hereby appropriated to the Office of the Governor for
8 the Public Employee Retirement System the following amounts to be expended for
9 the named programs according to the designated expense classes from the listed
10 funds for the period July 1, 2005, through June 30, 2006:
11 FOR FOR FOR
12 PERSONNEL OPERATING CAPITAL
13 COSTS EXPENDITURES OUTLAY TOTAL
14 I. RETIREMENT ADMINISTRATION:
15 FROM:
16 PERSI Administrative
17 Fund $2,984,500 $2,508,100 $ 93,700 $5,586,300
18 II. PORTFOLIO INVESTMENT:
19 FROM:
20 PERSI Special
21 Fund $ 432,100 $ 199,500 $ 17,000 $ 648,600
22 GRAND TOTAL $3,416,600 $2,707,600 $110,700 $6,234,900
23 SECTION 2. Notwithstanding Section 59-1311(4)(d), Idaho Code, moneys
24 appropriated in Section 1 of this act for the Portfolio Investment Program are
25 for administrative costs of the Portfolio Investment Program as provided in
26 Section 59-1311(3), Idaho Code. Amounts necessary to pay all other investment
27 expenses related to the Portfolio Investment Program are perpetually appropri-
28 ated to the Public Employee Retirement System Board as provided in Section
29 59-1311(4)(a), (b) and (c), Idaho Code.
30 SECTION 3. There is hereby reappropriated to the Public Employee Retire-
31 ment System Board for the period July 1, 2005, through June 30, 2006, the
32 unexpended and unencumbered cash balance not to exceed $2,200,000 of the
33 appropriation made to the Public Employee Retirement System Board from the
34 PERSI Administrative Fund for fiscal year 2005, to be used only for expendi-
35 tures related to business process reengineering.
36 SECTION 4. In accordance with Section 67-3519, Idaho Code, the Public
37 Employee Retirement System is authorized no more than sixty-three (63) full-
38 time equivalent positions at any point during the period July 1, 2005, through
39 June 30, 2006, for the programs specified in Section 1 of this act, unless
40 specifically authorized by the Governor. The Joint Finance-Appropriations Com-
2
1 mittee will be notified promptly of any increased positions so authorized.
| Statement of Purpose |
| RS14355 |
This the Fiscal Year 2006 appropriation for the Public Employee Retirement System of Idaho (PERSI) in the amount of $6,234,900.
.
 
| FY 2005 Original Appropriation |
63.00 |
0 |
8,984,500 |
0 |
8,984,500 |
| HB 805 One-time 1% Salary Increase |
0.00 |
0 |
27,300 |
0 |
27,300 |
| FY 2005 Total Appropriation |
63.00 |
0 |
9,011,800 |
0 |
9,011,800 |
| Budgeted Reversion |
0.00 |
0 |
(11,400) |
0 |
(11,400) |
| FY 2005 Estimated Expenditures |
63.00 |
0 |
9,000,400 |
0 |
9,000,400 |
| Removal of One-Time Expenditures |
0.00 |
0 |
(2,995,000) |
0 |
(2,995,000) |
| Base Adjustments |
0.00 |
0 |
9,600 |
0 |
9,600 |
| FY 2006 Base |
63.00 |
0 |
6,015,000 |
0 |
6,015,000 |
| Benefit Costs |
0.00 |
0 |
42,700 |
0 |
42,700 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
151,900 |
0 |
151,900 |
| Nonstandard Adjustments |
0.00 |
0 |
(10,000) |
0 |
(10,000) |
| Change in Employee Compensation |
0.00 |
0 |
0 |
0 |
0 |
| 27th Payroll |
0.00 |
0 |
0 |
0 |
0 |
| FY 2006 Program Maintenance |
63.00 |
0 |
6,199,600 |
0 |
6,199,600 |
| Enhancements |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Business Process Re-engineering |
0.00 |
0 |
35,300 |
0 |
35,300 |
| FY 2006 Total |
63.00 |
0 |
6,234,900 |
0 |
6,234,900 |
| Chg from FY 2005 Orig Approp |
0.00 |
0 |
(2,749,600) |
0 |
(2,749,600) |
| % Chg from FY 2005 Orig Approp. |
0.0% |
|
(30.6%) |
|
(30.6%) |
.
Contact: Matt Freeman 334-4740
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H294 |