PUBLIC SCHOOL TEACHERS' PENSION AND RETIREMENT FUND OF CHICAGO
Administrative & Investment Expense Analysis
		INTERIM				% of			Year		Year
		Ending		Budget		Budget			Ending		Ending
		6/30/2009		YE 2009		To Date			6/30/2008		6/30/2007
Salaries		$  3,994,082		$  4,433,530		90%			$  3,926,578		$  3,994,113
Actuary fees		60,500		61,000		99%			67,200		48,956
Audit and Tax		90,275		100,000		90%			45,000		46,565
Banking Fees		48,334		48,000		101%			46,195		17,861
Consulting Fees		25,000		5,000		500%			1,268		28,630
Data processing expense		63,287		85,000		74%			76,493		87,797
Election expense		189,611		204,000		93%			53,506		178,385
Employee's health insurance		499,915		516,500		97%			485,094		461,990
Field Services/Pension Rep		50,624		75,000		67%			66,399		80,620
Health insurance consulting		26,315		40,000		66%			42,687		33,174
Insurance premiums		32,934		37,000		89%			35,628		36,595
Legal fees		176,616		160,000		110%			168,192		222,008
Legislative expense		118,821		114,069		104%			111,048		105,760
Maintenance of equipment, systems,
software and support		341,627		424,220		81%			316,086		303,581
Medical fees		36,955		50,000		74%			45,804		59,445
Membership dues, subscriptions		8,967		16,400		55%			8,080		13,876
Office forms and supplies		35,265		55,000		64%			51,685		36,451
Office rent and utilities		907,807		932,300		97%			524,897		704,629
Postage and Delivery		192,262		225,000		85%			191,727		212,044
Publications/Communication		190,431		200,000		95%			217,163		245,947
Records Management		4,900		10,000		49%			20,653		22,483
Studies and investigation		18,025		81,300		22%			13,080		3,638
System Consulting		530,103		575,000		92%			556,620		571,465
Trustee conferences, seminars, and meetings		131,003		147,000		89%			96,356		128,448
Tuition/Training/Educ. Conf.		46,357		106,480		44%			43,139		29,820
Miscellaneous		21,483		22,100		97%			26,495		31,824
Total Administrative Budget		$  7,841,499		$  8,723,899		90%			$  7,237,073		$  7,706,105
Depreciation -Non Cash Item			#						590,503		728,583
Total Administrative with
Depreciation		$  7,841,499		$  8,723,899		90%			$  7,827,576		$  8,434,688
Custodial		$     500,000		$     500,000		100%			$     500,000		$     500,000
Consulting		525,000		520,000		101%			480,000		480,000
Manager fees		32,791,863		41,000,000		80%			39,510,555		35,823,483
Fees for foreign exchange
and real estate		14,869		-		-			1,035,336		322,452
Total Investment		$ 33,831,732		$ 42,020,000		81%			$ 41,525,891		$ 37,125,935
Fixed Assets( cost)		82,857		125,000		66%			76,060		46,837
Database (Pension Gold) project		25,311		100,000		25%			51,432		104,533
Total Capital Expenditures		$     108,168		$     225,000		48%			$     127,492		$     151,370