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Home My WebLink About2022-06-07 1:30PM WORKSHOP SESSIONBRAZOS COUNTY B RYAN, :TEXAS NOTICE OF MEETING AND AGENDA WORKSHOP SESSION BRAZOS COUNTY COMMISSIONERS COURT b 1011 JUN - 3 A 10. 21 f �! - .S' 3 BRAZOS COUNTY COMMISSIONERS WILL MEET INAWORKSHOP SESSIONAS FOLLOWS: MEETING DATE: June 7, 2022 MEETING TIME: 1:30--PM MEETING PLACE: Brazos County Administration Building, 200 South Texas Avenue, Suite 106, Bryan, TX 1. Call to Order 2. Presentation and discussion of the FY 2022-23 County Budget: • a. Open discussion of 22-23 Proposed Budget • b. County wide cost of living adjustments, merit allocation and budget policy regarding both. 3. Adjourn The Brazos County Administration Building, 200 South Texas Avenue, Suite 106, Bryan, TX is wheelchair accessible. Handicap parking spaces are available. Any request for sign interpretive services must be made two working days before the meeting. To make arrangements, please call (979) 361-4102. Vol. .�. �_ / • pg. /.31/ MINUTES J U N E 7, 2022 BRAZOS COUNTY COMMISSIONERS COURT WORKSHOP SESSION Call to Order - - A workshop session of the Commissioners' Court of Brazos County, Texas was held in the Brazos County Commissioners Courtroom in the Administration Building, 200 South Texas Avenue, in Bryan, Brazos County, Texas, beginning at 1:30 p.m. on Tuesday, June 7, 2022 with the following members of the Court present: Duane Peters, County Judge, Presiding; Steve Aldrich, Commissioner of Precinct 1; Russ Ford, Commissioner of Precinct 2; Nancy Berry, Commissioner of Precinct 3; Irma Cauley, Commissioner of Precinct 4; Karen McQueen, County Clerk. The attached sheets contain the names of the citizens and officials that were in attendance. 2. Presentation and discussion of the FY 2022-23 County Budget: • a. Open discussion of 22-23 Proposed Budget • b. County wide cost of living adjustments, merit allocation and budget policy regarding both. Auditor Katie Conner presented the preliminary projected numbers for the FY 2023 Budget prior to any decisions being made by the Commissioners Court. Ms. Conner then walked the Court through the changes that have been made thus far and explained the amount of increased revenue the Commissioners Court will be able to utilize in funding COLA, Merit and additional County needs next fiscal year. Budget Analyst Nina Payne then gave a presentation on COLA and Merit. She began by discussing the history of the County's decisions on COLA and Merits, and estimates on the cost of COLA's up to ten percent. Vol. 3 6 (- - pg, l.�S The Court entered into discussion on the options at hand. Commissioner Berry is ' concerned about the state of the current economy and the negative financial impacts that will have on County staff members. She stated that she would be in favor of a 7.5% COLA to alleviate some of the financial burden on the staff. Commissioner Aldrich expressed concern over varying too much from past. percentages, stating that he is in favor of a more conservative and incremental approach of 4.5% COLA for a period of two years. Katie Conner invited Sheriff Wayne Dicky to give insight on the issues he is having retaining staff due to low salaries in a competitive market. Sheriff Dicky stated that the Sheriff's Office is entering a level of crisis with 34 vacant positions they are unable to fill. He asked that the Commissioners Court consider making the salaries more competitive, detailing a measured approach that includes both COLA and Merit. Commissioner Berry and Commissioner Cauley continued advocating for a larger COLA and a one percent merit, while Commissioner Aldrich stated he is more inclined to go with a 4.5% COLA. Facility Services Director Ernest Stutts spoke to the hardships his staff members are enduring as lower paid employees in a time of economic struggle. He stated that he's had a significant increase in the number of employees requesting a raise this year, in desperate need to make ends meet. He added that until COLA reaches at least 7%, it will not do much to help the employees who make lower wages. Commissioner Aid rich asked for Human Resources perspective on the discussion. Human Resources Director Jennifer Salazar shared that her staff has looked into what other counties are doing this year in terms of COLA and the majority appear to be leaning toward much higher COLA's. She said that Brazos County is generally below market and needs to be more competitive with salaries in order to retain personnel. After further consideration, the Commissioners Court advised that it would like to tentatively use the 7.5% COLA and 1 % Merit as the baseline though, numbers may change depending on the needs of the County. It was emphasized that the priority for FY 2023 is to take care of staff. 3. Adjourn VOio �_. _ Po % The foregoing minutes of the Commissioners Court Workshop Session held June 7, 2022, have been examined and are approved in open Court this the 5th day of Jul., in Bryan, Brazos County, Texas. Duane Peters County Judge Russ Ford Commissioner, Precinct 2 I a Cau ey Commissioner, Prejet ct 4 Attest: Karen McQueen County Clerk Steve Aldrich Commissioner, Precinct 1 Nancy Berry Commissioner, Precinct 3 E -316.1 P , �S 7 Pgfof Z BRAZOS COUNTY COMMISSIONER'S COURT DAY ' Aft / ga& Name (PLEASE PRINT) A�QE c .1 GA, V, lmc (,v tiUvv, CwNLLV5 v.lc�ntnT �Mnq 14 -6 *-'7-RVS C14 Lj_�, 6,,6Lesl�� 0(-TwAyv� Organization (PLEASE PRINT) boo Cj/�� r f3�/--5 1242.c0451^ & �PQI 7:/ Vol. Pg. /� Pgyof� BRAZOS COUNTY COMMISSIONER'S COURT 7 DAY )•'3D Name (PLEASE PRINT) OF , 20 A�, AM/PM9, Organization (PLEASE PRINT) - . &t,/- 54 /k Z- - (� C1 (�oMm CF Vol. — 3 6 pg. /sf BRAZOS COUNTY, TEXAS GENERAL FUND ANTICIPATED UNRESERVED FUND BALANCE For The Year Ending September 30, 2022 Fund Balance at October 1, 2021 $ 102,374,471 Reserved Balances: Nonspendable Fund Balances: For Prepaid Expenditures 1,122,315 For Inventories 1,380,398 Restricted Fund Balances: For Pre -Trail Bond Program 494,540 For Drug Court Programs 75,129 For Vital Statistics 55,844 For Title IV-E Programs 31,028 For Family Protection Services 89,115 For Revenue Replacement FY 20 6,419,821 For Revenue Replacement FY 21 8,445,192 For Operations and Emergency 10,000,000 Unreserved, Unrestricted Fund Balance 10/01/2021 For The Year Ending September 30, 2022: Estimated Revenues Estimated Expenditures Estimated Unreserved and Unrestricted Fund Balance (September 30, 2022) Estimated revenues is based on budgeted revenues less budgeted uses of fund balance Estimated expenditures based on expending 95% of the budgeted expenditures., Vol. fig. 11�0 2,502,713 25,610,669 $ 74,261,089 124,766,572 (118,528,243) $ 80,499,418 Brazos County, -Texas Budgeted Revenue Adopted Proposed FY 21-22. FY 22-23 Difference Taxes $ .1111'571,000 $ 111,571,000 $ - Charges for Service! 1.1,230,348 11,154,043 (76,30.5.) Interest 467,000 340;000 (127,000) Other Revenue -682,224 1,5991320 9171096 Intergovernmental 766,000 804,500 38,50.0 Transfers In 50,000 5.0,000 - Reserves 17,120,340 . (1) 5,611,801 (2) (11,508,539) $ ' 141,886,912 $ 1+31,130,664 $(10,756,248) Budgeted Expenditures Adopted Proposed FY 21-22 FY 22-23 Difference Salaries & Wages $ 49,155,485 $ 49,155,485 $ - Outside Labor Costs 1281000 .1.43,000 15,000 Benefits 30,396,000 30,662,956 266,956 Departmental Suppor 16,677,024 15,554,583 (3) (1422,441) Repairs & Maintenarn 10;045,241 9,25.1,715 (793;526) Contracts For Service: 6,719,882 6,744,277 24,395 Professional Services 11,059,343 12,839,348 1,780,005 Contracts For COMM 5,661,494 .5,867,126 205,632 Capital Outlay 8/804/000 11,541,500 2,737;500 Transfers to Other Fu 3,240,443 924,163 7 (2,316,280) $ 141,886,912 $ 797,241 (1) Reduced budget by ARP funds, transfers to capital improvement fund and transfer to non capital fund (2) Includes reserves for contigency of $5,457,800 (3) Includes contingency of $5,684,701 Vole Pg. ��'� FY22 FY23 FY23 FY23 Final Working Working Working Budget Budget Budget Budget iar_Total Ongoing One -Time. Year —Total 0000000 No Value Total 10000100 County Judge Total 10002000 Veteran Services Total 10003000 Pre-Trial.Bond Supervision Total 10500000,, Budget Office Total 10500006 Budget Office - Non Capital Total 11000006 Commissioners' Court - Non Capital Total 11000100 Commissioners Court -Administration Total 11000500 Non -Departmental Total 11001000 Boonville Cemetery Total 11001500 Contingency Total 11002000 Community Support Total 11003000 County Fire Protection. Total 11004000 County Welfare,Total 11010000 Court Support - Criminal Total 11020000 Court Support - Civil Total 11022720 Court Support- Child Protective Svc - 272nd Total 11023610 Court Support - Child Protective Svc - 361st Total 11028500 Court Support - Child Protective Svc- 85th Total 11030000 Court Support -Mental Health Total 11040000 Court Support- Child Support Enforcement Total 11050000 Court Support - Guardianship Total 11660000 Court Support -Probate Total 11100000 Fleet Shop - UghtEquipment Total 11200200 Collections Total 11210020 Elections Administrator Total 11210026 Elections Administrator- Non Capital Total 12000100.County Treasurer- Administration Total /2500006 Risk Management - Non Capital Total 12500100 Risk Management - Administration Total 13000100 Tax Assessor - Collector - Administration Total 14000006 Information Technology - Non Capital Total 14000100 Information Technology - Administration Total 14000200 Information Technology Services Total 15000006 Human Resources- Non Capital Total 15000100 Human Resources -Administration Total 16000006 County Auditor- Non Capital Total 16000100 County Auditor - Administration Total 16500006 Purchasing Administration - Non Capital Total 16500100 Purchasing - Administration Total 17000006 Facility Services - Non Capital Total 17000100 Facilities Services - Administration Total 17000200 Landscaping Total 17000300 Facility Services - Parking Garage Total 18000100 County Attorney - Administration Total 19000100 District Attorney - Administration Total 19010000 District Attorney - Child Protective Services Total. 20000100 District Clerk - AdministrationTotal 20010000 District Clerk - Jury ServicesTotal, 21000100 County Clerk - Administration Total 21010000 Vital, Statistics/Preservation Total 22000100 85th District Court - Administration Total 22100006 272nd District Court - Non Capital Total' 22100100 272nd District Court -Administration Total 22200006361st District. Court - Non Capital Total 22200100 361st District Court -Administration Total Increase/ (Decrease) FY22 FY23 FY23 FY23 final Working Working Working Budget Budget Budget Budget Year Total Ongoing One -Time Year Tota 22200200 361st D istrict'Court- Judicial Support Tota I 22200300 361st District Court - Staff Support Total 22500100 Juvenile Court Referee Total 22600100 Associate Judge #1- Administration Total 22700100 County Specialty Court Program Total 22800100 Associate Judge'42 - Administration Total 23000100 County Court at Law #1- Administration Total, 23000200 County Court at Law #1- Judicial Support Total 23000300 County Court at Law #1 - Staff Support Total 23100160 County Court at Law q2 - Administration Total 24301100 Justice of Peace - Precinct 1-Administration Total 24201100Justice of Peace - Precinct 2 -:Administration Total 24361100 Justice of Peace - Precinct 3-Administration Total 24401100 Justice of Peace- Precinct 4 - Administration Total 26001000 Community Supervision - Support Total 26002000 Health Department - Support Total 26002006 Health Department -Support- Non Capital Total 28000100 Sheriff Office -Administration Total 28002000Sheriff Office -.Jail. Administration Total 28002006 Sheriff Office - Jail - Non Capital Total 28003000Jail Medical Services Total 28004000 Sheriff Office - CSISD School Security Total 30101100. Constable Precinct l - Administration Total 30201100 Constable, Precinct,2 - Administration Total 30301100 Constable Precinct 3 - Adminstration Total 30401100 Constable Precinct 4 - Administration Total 31000006 Juvenile Services - Non Capital Total 31000100 Juvenile Services - Administration Probation Total 31000110 Juvenile Services - Administration CourtTotal 31000130Juvenile Services -Administration Community Based Total 31000140'Juvenile Services -Administration Community Based, Mental Health 31000220 Juvenile Services - Detention (220) Total 31000330 Academy -Community Based Total 310400301JAEP -Community Based Total 31900000 Juvenile Services - Commodities Total 34000100,indigent Health Care -Administration Total 35500100 Emergency Management - Administration Total 36000006 Exposition Center- Non Capital Total 36000100 Exposition Center -Administration Total 36100100 Fair Administration Total 36500006 Brazos Center - Non Capital Total 36500100 Brazos Center- Administration Total 37000100 County Agriculture Extension -Administration Total 38000100 Child Protective Services --Administration Total 39000100 Family Protection Service -Administration Total 50000100 County Records Management - Administration Total 56001000 Road & Bridge - Administration Total 56002000 Fleet Shop - Heavy Equipment Total 56005000 Environmental Protection Total Grand Total Increase/ (Decrease) Brazos County, Texas Indigent Health Care Services Fiscal Year Final Budget Actual Remaining Budget Unspent 2020-2021 $ 7,083,101 $ 1,348,414 $ 5,734,687 81% 2019-2020 5,994,970 1,317,638 4,677,332 78% 2018-2019 5,351,859 1,350,569 4,001,290 75% 2017-2018 4,862,259 1,135,004 3,727,255 77% 2016-2017 $' 4,239,859 $ 1,091,216 $ 3,148,643 74% Average Unspent Last 5 Years: 77% For consideration: Section 61.037 of the Texas Health and Safety Code requires that the County spend at least eight percent of the county general revenue levy for that year to provide health care services to eligible county residents, before requesting assistance from the State. Section 61.010 of the Texas Health and Safety Code states "if the governing body of a governmental entity adopts a property tax rate that exceeds the rate calculated under Section 26.04 of the Tax Code, by more than 8%, and if a portion of the tax rate was designated to provide revenue for indigent health care services required by this chapter, the revenue produced by the portion of the tax rate designated for that purpose may be spent only to provide indigent health care services." Brazos County has budgeted 8% of the county general revenue levy for many, many years, however has never had expenditures exceed the 8%. Does the Court want to set aside a portion of the general fund balance to cover the amount not spent each year, say $5 million? This would provide the County with the 8% budget required by statute but also provide a revenue source (fund balance) separate and apart from current property taxes. , Another way to say it would be to use savings for the usually unspent amount and not tax the taxpayers every year. Vol. rNg, Brazos County, Texas Cost -of -Living and Merit Increases Year COLA Merit FY 08 ' 5% FY 09w 5.59/c4'---___� FY 10 0% W FY ' 11 . 1%: FY 12 0% ° F -Y 13; 2% 1% M,erit.: a FY 14 0% 1% Merit FY 16 4% 1% Merit FY 17 3% .; 1% Merit FY 18 3% 1% Merit F_Y 19 ,3%� 1 % M:eri�t FY 20 3% 1% Merit FY 22 3% 1% Merit Individual Increases have been granted every year on a case by case basis. V01. 3pg. 274 F:\Budget Books\2023 Budget\Personnel\COLA Info\Yearly COLA increases l J General Fund (01000) COLA Estimate - FY 23 Salary and Wages $ 48,679,310 $ 49,0.9.4,365 $ 49,582,1.55. $ 50,0,69,946 _$ 50,55.7,737 $ '61.,045,52:7 .$ 52,02.1.,109 $ 52,265,.004 $ 53,484,481 $ 415,055 $ 902,845 $ 1,390,636 - $ 1,878,427 $ 2,366,217 $ 3,341,799 $ 3,585,694 $ 4,805,171- Benefits Budget ;1.% 2% 3% . 4% 5%` .. 7% 7 5%" $ 12,399,564 $ 12,504,988 $ 12,628,887 $ 12,752,786 $ 12,876,.684 $ .13,000,583 $ 13,248,381 $ 13,310,330 $ 13,620,077 $: 105,424 $ .229,323 $ 353,222 $ 477,120 $ 601,019 $ 848,817 $ 910,766 $ 1;220,513- General Fund Increase .based on COL_ A Est. Estimated Additional Salary & Benefits 3%:: $ 520,479 $ 1,132,168 $ 1,743,858 $ 2,355,547 $ 2,967,237: $ 4,190,616 $ 4,496',460 $ 6,025,684 - COLA estimates include the General Fund Transfer to.Courthouse. Security Fund that helps fund the salary & benefits on a.yearly basis..... F:\Budget Books\2023: Budget\Personnel\COLA Est. FY 23 5.20.22 0 Cost -of -Living Comparison 9.0°,6 i 7.0% 6.0% i I 5.09,6 4.(rA t 3.0% 2.05/6 �1 1.0% 0.046 IY 08 FY 09 FY10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 -1.056 ■Brazos County COLA ■ Social Security COLA* a USA CPI •` •AII Sodal Security Cost -of -Living Adjustments data came from https://www.ssa.e.0v/coca/ •• All USA CPI data came from https://data.bls.pov ••• FY 22 USA CPI is based on the average rate for January, February, Marchand April of 20222. Vol. fig. Brazos County COLA vs. USA CPI vs. H . ouston CPI Percent Increases 9.0% 8.0% 6.0% 5.10% 4.0% 3.0% 2.0% FY 13 FY 14 FY 15 FY 26 FY 17 FY 18 FY 19 FY 20 -1.0% ■ Brazos County COLA U United States CPI E Houston CPI --All US and Houston G`J data came from FY 22 USA CPI is based on the average rate for January, February, Marchand April of 20222. E voi. P9._&9 Pg—L 'FY 22 CPI - Forecast '.2013` - 1.5% '. 2014 1.5% 2015. 0;1%. ' 2016 1.3% 2017 2:1%.' 2018 2.4% 2019 1.8% 2020 1.2% 2021 4.7%, 2022 8.5% 8.5% 8.5% 8.5% .2023 9.1% 5.8% 12.3% 2024 9.6% 5.0% 14:2% 2025 16.2% '4.6% 15.89/ 16.0°,6 - - - .. _ . . . . 14.0-/a - 12.0% 10.0% 8.0% 6.0% 4.0%, - - - 0.0-A 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —United States CPI —Forecast(United States CPQ —Lower Confidence Bound[United States CPI) — Upper Confidence BOundJUnited States CPt) \/ol:vo -:-- Pg L Percent Change in Texas Median House Price vs Brazos.County COLA 20.00% _ .. .. .. .__ ._ .. ... .. 18.00% 10.00% 5.00% 0.00% -s.00% -10.00% FY 09 fY10 FY 11 FY12 FY 13 FY 14 FY 18 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 —COLA —Texas Housing Prices ••• ••^ Linear (COLA) Linear. (Texas Housing Prices)' •AIL Median Home Prices from Teems A&M Texas Real Estate Research Center hn .11= tmmmii.edu/cfamfhwslng,ictivkv/:tl/actMtv/State/Te�% Vol. ( Pga 170 _ Living Wage HBrazo ,Conn Lowest Wage Poverty Wage Minimum Wage Living Wage Calculation for Texas 2021-2022 Update 1 Adult 0 Children i Child 2 Children 3 Children $ 16.41 $ 31.63 $ 38.97 $ . 51.02. [$ff1"T-jl R 81iJ FAFI 811 $ 6.19 $ 8.38 $ 10:56 $ 12.74 $ 7.25 $ 7.25 $ 7.25 5 7.25 - 0 Children 1 Child 12 Children 13 Children �$ 25.12 .$ 30.64. $ 35.15 $ 39.24 $ 8.38 :$ 10.56 $ 12.74 $ 14.92 $ . 7:25 $ 7.25 $ 7.25 $ 7.25 ' 2_ AduIts ',(eoth Working) 0 Children 1 Child ' 2 Children 13 Children $ . 12.56_ .$.17.44 [$ 13:82 $ 22.10 [$W3.81 $ 25.96 [$ 13.8 -21 $ 4.19 $ 5.28 $ .'6.31 $ 7.47 $ 7.25 $ 7.25 $ 7.25 $ 7.25 Living Wage vs. Brazos County's Lowest Wage by Percent -19% -129% -182% -269% -82% -122% -159% -194% 9% -26% -605% 48% Study was performed by the Department of Urban Studies and Planning at the Massachusetts Institute of Technology. This infomration was updated as on 5/10/2022. https://Iivingwage.mit.edu/states/48 httos•//Iivingwage mit edu/resources/Living-Wage-Users-Guide-Technical-Documentation-2022-05-10.pdf L, xgom� fnu m M 11):c 0.0o wm mfDo or°o° N N' (mP N 7 CAN '(D m m N N N U) . Lx -n O� W m>0ga� m < -- o w m. � N 7 N n .0C• c 7 Q _. m. C.00'61 U> p 7 7 N 0. :�:N 67 m r. O 2 l 7 N.0 7 a 3_ N N 0, D7 - D 7 N mNO m L o, y (11 N 0 OA1' O: - O O CD fA fA w fA fA. W. A A A. Ol fA m ffl W fA W 1-0 C. fA 1-1 0 m. I'll1A. El, A m 1A. m fA m. O :ON C 3 :ON m m (n O mOm(D-4 m J N W m O m m O A., U(an �C OD W O W CT WOt W N ANON,mNfJWOOoo -* jmA-4O(D A W W O: A m G d to o m C fA fA ffl fA fA fA ffl to fA 69 fA fA fA fA fA fA -: N W A m' ? A m W W A m. m m, W A' J C W 3 m(DONCD(OJNm O. W(O V m 07 (OA O,m O V(Tm co viO V jN(n WmOOJ m mO Ut O yO� p� m. jAAw Oo W A'p mpAti -+W Cn A O :D, O Vco —O'O. v, A W O L CO m y 0 -I OD'. A A v A tJ -� 6) J bo m. Ut.. � 0p' v m V O O O y::� p M go CD N m C CD m 3 Q y m y O m 7 m y � 0.. fA fA Eg, fA fA W A 69 m, VA W. (A N ff)fA U7 fo m EA UT fA fA N A mfA mJ 0 �A .(D_ (JtmAOCl7 � J10C O-4 NAB D. 010 titm�A�Ns(O(D IJ wJ �'< A:(D O)JOmmW O O -O, O O O O O Om O .m O: O Wmw O O. O O W O C/ m A N UR ID fA 63 EA ffl (A Cl) A A A A ffl m fA W fA N fA m 69 J fA m f9 V E 9 fA W A 69 m 69 J m W m'.Jm NAO�� W (n X A. Of (O - m i Co Co O'�(DJONNNO[D (D A G7 W A V UtN (D W to J m m-N CD O O O O O O 00 O O O O O o O - fo fA 64 63 ffl (AAmAA fA Uf ffl W fA W:Am to to fA m V) a) ff), 69 W,'AcnV fA fA C W 3 W (D J m (DAbm OIw Ut AA'm V mmJ Ut(D co N WmOOJ Ut 8m mO (J7 O y{C y ,m. -gym WUY m m.m AcnN ED O> —O y 7 .01 y o < fA fA fA (A fA fA fA ffi Efl to E9 [A !A fA fA fA 0 3 m Cl) A A A A N A (D :A Cn m W. W N N J m (7i m W_ W m A W A A m m A J m (p O_ O 4 m -4 (D O m. W -4 (D W Cn.(D. W N Ol N (D A m N N. N (O. Ot O Oo V co 'W V Ot 0 A O O A O m W m m •� O 7 p7 U) v 0 CD LU TEXAS o roaNTv c O O15 TRIGT REYIREHEHT " SYSTEM Plan Assessment for Plan Year 2023 Brazos County — 120 Participation Date — 1 / 111968 It's that time of year again — time to look at your TCDRS retirement plan and decide whether or not your benefits are adequate and affordable. This plan assessment will give you an overview of the benefits you provide as well as how much it will cost to provide these benefits in the upcoming plan year, 2023 Plan Basic Plan 0O ption ! RE Employee Deposit Rate 7% Employer Matching 225% Prior Service Credit No Employees Eligible(1) Retirement Eligibility y _ _ Age 60 (Vesting) 8 years of service Rule of 75 years total age + service At Any Age 30 years of service Optional enefits x (:. >. ` F Partial Lump Sum No Group Term Life None RetitemcintPlan Funding r '' t a Total Normal Cost Rate .� 14.97% Employee Deposit Rate -7 00% Employer -Paid Normal Cost Rate 7.97% UAAL / (OAAL) Rate 6.62% Required Rate 14.59% Elected Rate 16.75% "Total ContrittutionRa Retirement Plan Rate 16.75% (greater of required and elected rate) Group Term Life Rate N/A Total Contribution Rate 16.75% fog ec�31, 2021} t K Actuarial Accrued Liability $311,761,106 Actuarial Value of Assets S265,879,169 Unfunded / (Overfunded) AAL $45,881,937 Funded Ratio 85.3% Notes: Buyback adopted: 1991 Last COLA: 2008 1.1Vo ntemberr weir hiizd befog the employer began participation in TCDRS, so prior rervicr does notpty. 800-651-3848 * WDR&ORC✓ MPLOYER Vol. Pg. / 70 _Y or What You Are Providing 'The TCDRS benefit is based on employee deposits, which cam 7% compound interest each year, and employer matching at retirement. The following chart shows the estimated TCDRS benefit as a percentage of final salary prior to retirement for anew hire; 1'20% 100% 80% 60% 40% 20% 0% % of Salary that TCDRS Benefit Replaces at Retirement Hired at 55 Hired at 50 Hired at 45 Hired at 40 Hired at 35 Retired at 65 Retired at 65 Retired at 65 Retired at 65 Retired at 65 Assumptions • Employees are new hires and will work for you until retirement. • Your current plan provisions will remain in effect through an employee's retirement. • Current laws governing TCDRS will continue as they are. • Graded salary scales give bigger raises early in careers, with smaller raises later in careers (see Summary Valuation Report at TCDRS.oMffi nployer). 9 Based on Single Life benefit. 800-651-380 * TCORS.ORC/EMPLOYER 2 3/2g/2022 Reasons for Rate Change Below is a record of your required rate history for your retirement plan over the last five years. 16% 14% 12% 10% 8% 6% 4% 2% 0% 2019 2020 2021 2022 2023 Reasons for Rate Change Beginning Rate Plan Changes Adopted Investment Return Elected Rate/Lump Sum Demographic/Other Changes Assumptions /Methods (l) Ending Rate • aiu""U" i cai Funded Ratio 2019-2020 13.75% 0.00% 0.75% -0.10% 0.02% 0.00% 2020-2021 14.42% 0.00% 0.05% -0.11 % -0.30% 0.00% 14.42% 14.06% 2018 2019 85.6% 86.6% 2021-2022 14.06% 0.00% 0.05% -0.13% 0.13% 1.10% 15.21% 2020 83.9% 2022-2023 15.21% N/A -0.18% -0.13% .' 0.23% -0.54% 14.59% . 2021 85.3% 1. 2022-2023: Reflects changes to the demograjihic assumptions (mortality, termination, service retirement, etc.) A complete Summary Valuation Report for the Dec. 31, 2021 valuation will be available mid -May at TCDRS.org/Employer. Next Steps If you are interested in making plan changes, please contact your Employer Services Representative at 800-651-3848. Your benefit selections are due by Dec. 15, 2022. ------- 800-651-3848 * TMRS.ORC/EMPLOYER 3 pg. 3/29/2022 i fv 3 -' Require ;' N a O .A v M N W U7 O W V d, Plan 0 ��o,��-��Rate 0 N 0 Cn 0 A 0 fn 0 C37 0 CO 0 00 0 O 0 -I 0 4 0 ma r � -n �3 3¢ W U1 U1 P P W N Elcl 51 4 V cnwcnocn0000M-44 ate 4. 0 0 0 0 0 0 0 0 0 IR 0 �010 0 �00 .._O f �— O N A Ql N�__ 91 W O O O O O O O O O O' O O O O O O O O O OI n v X X N 0 C• CT Q VI y m CD CL 0) rqL y Vol. &4- l pg , / 7 4:, _ ,0 oo c c.c,cZ c c c ocn� rn o � o 0 cn cEn Q. .� m m v cn w. .--I.-1 v w c� (1) m Qo_o'v o c n. N �' CD X rn D 7 Cr (° CI) w cn CD — 0 CD`< cr `� v m :3 U) . CD 3 w mm�m o w 3 :� o CDr, Q o o =3 CDv (n — ..� m _ ° 3 CD � w o cn 3 .3 c m 3 m I Vol. pg.. � � -7 _ General Fund (01000) COLA Estimate FY 23 and 48,286,566 $ 49,094,365_ $ _49,582,155 "$ 50 069,946 $ 50,557,737 $ 51,045,527 $ 62,021,109 $ 52,265,004 $ 53,484,481 $ 807,799 $. 1,295,589 $ 1,783,380 $ 2,271,171 $ 2,758,961 $ 3,734,543 $ 3,978,438 $ 5,197,915 Benefits Budget i _ , 1% _ _ -" ' 2%. ~T 3°/u �M 4% Soo 7%Y V VY 7. 5%` ' M P% $ 12,299 800 $ 12,504 981 $ 12,628,880 $ 12 752,779 $ 12,876,677 $ 13 000,576 $ 13.248 374 $ 13,310,323 $ 13.620 070 $ 205,181 $ 329,080 $ 452,979 $ 576,877 $ 700,776 $ 948,574 $ 1,010,523 $ 1,320,270 ueneral Fund Increase based on COLA Est. Additional Salary & Benefits 7"/0 7 5% - $ 1.012.980 $ 1,624,ARA $ 2,236,359 $ 2,848,048 $ 3.459,738 $ 4,683.117 $ 4,988,961 $ 6,518,185 Note - COLA estimates include the General Fund Transfer to Courthouse Security Fund that helps fund the salary & benefits on a yearly basis. F:\Budget Books\2023 Budget\Personnel\COLA Est. FY 23 5.20.22 Vol. db / Pg. 17 �