HB 2005 Summary

• Appropriates $502.5 million to the Office of Administration for operations, including funding for administrative divisions, information technology services, facilities management, and personnel administration for fiscal year 2014-2015.

• Authorizes $938.8 million for employee benefits including Social Security contributions ($147.8 million), state employees' retirement system ($331.7 million), health care plan contributions ($392.5 million), and workers' compensation ($33.4 million).

• Limits Office of Administration employment to 649.79 full-time equivalent (FTE) positions from the General Revenue Fund and includes $1 million for a disparity study for the State of Missouri.

• Establishes debt service payments totaling approximately $79 million for Board of Public Buildings bonds, lease-purchase agreements, and the Fulton State Hospital Bond project ($14.2 million).

• Authorizes up to $575 million in cash-flow assistance transfers between the Budget Reserve Fund and General Revenue Fund, with required repayment by June 30 of the fiscal year, plus interest.