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6.1.C. - Page 32 <br />The average, statewide percentage of Agencies' general fund budgets projected to be paid to <br />Ca1PERS in FY 2017-2018 is 11.2 percent.78 In comparison, the Cities' pension costs in FY <br />2016-2017 represented an average of 13.6 percent of their general fund spending. <br />Percentage of Em -plover Contribution Paid for Amortization Costs. <br />All of the Cities have substantial Unfunded Liabilities 79 and a significant and increasing portion <br />of their contribution payments go to paying Amortization Costs (that is, payments required to <br />pay off Unfunded Liabilities, including accrued interest). Table No. 4 (below) shows that well <br />over half of the Cities' contribution payments in FY 2017-2018 have been applied to payment of <br />Amortization Costs. <br />Table No. 4 - Percentage of Cities' FY 2017-18 Pension Costs that are <br />Amortization Costs <br />($000) <br />Weighted <br />Total Total Average <br />$43,637 $62,001 58.7% <br />California Policy Center, Ca1PERS Actuarial Report Data — Cities ($=M), <br /><httn://califomianolicvicenter.or&wn-content/unloads/2018/02/CatPERS-Actuarial-Report-Data- <br />Cities-and-Counties-w-totals.xlsx>. The California Policy Center provides pension cost data for 14 <br />of the 20 Cities. Data for Atherton, Colma, Foster City, Hillsborough, Portola Valley and Woodside <br />was not provided. <br />�s League of California Cities, 2018 Retirement System Sustainability Study, p. 4. <br />79 Appendix A. <br />2017-2018 San Mateo County Civil Grand Jury 18 <br />% of 2017-2018 <br />Total <br />2017-2018 <br />2017-2018 <br />Contribution <br />Normal <br />Amortization <br />Costs for <br />City <br />Costs <br />Costs <br />Amortization <br />Belmont <br />$1,473 <br />$2,046 <br />58.1% <br />Brisbane <br />$989 <br />$912 <br />48.0% <br />Burlingame <br />$2,552 <br />$3,183 <br />55.5% <br />Daly City <br />$6,281 <br />$7.184 <br />53.4% <br />East Palo Alto <br />$1,024 <br />$635 <br />38.3% <br />Half Moon Bay <br />$174 <br />$654 <br />79.0% <br />Menlo Park <br />$2,841 <br />$2,915 <br />50.6% <br />Millbrae <br />$783 <br />$2,907 <br />78.8% <br />Pacifica <br />$2,084 <br />$2,043 <br />49.5% <br />Redwood City <br />$8,767 <br />$12,479 <br />58.7% <br />San Bruno <br />$3,334 <br />$4,070 <br />55.0% <br />San Carlos <br />$715 <br />$2,565 <br />78.2% <br />City of San Mateo <br />$6,750 <br />$11,239 <br />62.5% <br />South San Francisco <br />$5,872 <br />$9,171 <br />61.0% <br />Weighted <br />Total Total Average <br />$43,637 $62,001 58.7% <br />California Policy Center, Ca1PERS Actuarial Report Data — Cities ($=M), <br /><httn://califomianolicvicenter.or&wn-content/unloads/2018/02/CatPERS-Actuarial-Report-Data- <br />Cities-and-Counties-w-totals.xlsx>. The California Policy Center provides pension cost data for 14 <br />of the 20 Cities. Data for Atherton, Colma, Foster City, Hillsborough, Portola Valley and Woodside <br />was not provided. <br />�s League of California Cities, 2018 Retirement System Sustainability Study, p. 4. <br />79 Appendix A. <br />2017-2018 San Mateo County Civil Grand Jury 18 <br />