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Program A: State Contributions

Program Authorization: R.S. 11:101-103

PROGRAM DESCRIPTION

Until Fiscal Year 1997, this program provided funding for state contributions toward retiree payments and the amortization of the unfunded accrued liability of this system over a twenty year period as required by statute. Starting with Fiscal Year 1997, the annual funding for this program has been budgeted in the Department of Public Safety - Office of State Police (Schedule 08-419) budget. The State Legislature appropriated in the Fiscal Year 1997 Basic Supplemental Appropriations Act (Act 471) one-time funding to continue the acceleration of the payoff of the unfunded accrued liability. This appropriation was from the Mineral Revenue Audit and Settlement Fund and the payment was made pursuant to a plan developed by the Commissioner of Administration and the Legislative Auditor to achieve the maximum reduction in total unfunded accrued liability.

RESOURCE ALLOCATION FOR THE PROGRAM

SOURCE OF FUNDING

The source of funding for this program was the Mineral Revenue Audit and Settlement Fund that was applied to the unfunded accrued liability of this system. (Per R.S. 39:32B.(8), see table below for a listing of expenditures out of each statutory dedicated fund).

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

 

DESCRIPTION

 

 

 

 

 

$0

$0

0

 

ACT 18 FISCAL YEAR 1997-1998

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$0

$0

0

 

EXISTING OPERATING BUDGET - December 10, 1997

 

 

 

 

 

$0

$0

0

 

None

 

 

 

 

 

$0

$0

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$0

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

Annual funding costs for retiree benefits and unfunded accrued liability payments to the State Police Retirement System are contained in the Department of Public Safety and Corrections - Office of State Police (08-419). Actual Fiscal Year 1997 funding, reflected in schedule number 18-587, was a one-time appropriation applied to the payoff of the unfunded accrued liability of this retirement system.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1998-1999.

OTHER CHARGES

This program does not have funding for Other Charges for Fiscal Year 1998-1999.

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.


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