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8.B. - Page 100 of 122
<br />APPENDIX A - CITIES' PENSION DATA
<br />(Based on the Cities' Annual Financial Reports for FY 2014-2015, FY 2015-2016 and FY 2016-2017)
<br />All dollar amounts in thousands.
<br />CITIES
<br />I Fiscal Year
<br />Covered
<br />Payroll
<br />Contribution
<br />Payments
<br />Contribution
<br />Rate (i.e.,
<br />Contribution
<br />Payments as
<br />% of
<br />Covered
<br />Payroll)
<br />Unfunded
<br />Liability
<br />Funded
<br />Percentage
<br />Unfunded
<br />Liability if
<br />Discount
<br />Rate Is
<br />Reduced 1
<br />Percentage
<br />Point
<br />General
<br />Fund Total
<br />Expenditures
<br />Contribution
<br />Payments as
<br />% of General
<br />Fund Total
<br />Expenditures*
<br />Atherton
<br />2016-2017
<br />$4,327
<br />$1,155
<br />26.7%
<br />$13,982
<br />74.3%
<br />$21,344
<br />$11,437
<br />10.1%
<br />2015-2016
<br />$4,261
<br />$617
<br />14.5%
<br />$10,674
<br />80.4%
<br />$17,326
<br />$10,611
<br />5.8%
<br />2014-2015
<br />$3,988
<br />$826
<br />20.7%
<br />$9,253
<br />81.9%
<br />$16,088
<br />$11,622
<br />7.1%
<br />Belmont
<br />2016-2017
<br />$15,198
<br />$3,582
<br />23.6%
<br />$32,835
<br />72.0%
<br />$48,680
<br />$18,344
<br />19.5%
<br />2015-2016
<br />$11,794
<br />$4,191
<br />35.5%
<br />$26,626
<br />76.2%
<br />$41,855
<br />$16,800
<br />24.9%
<br />2014-2015
<br />$14,176
<br />$2,788
<br />19.7%
<br />$25,059
<br />76.7%
<br />$39,412
<br />$16,777
<br />16.6%
<br />Brisbane
<br />2016-2017
<br />$7,916
<br />$1,713
<br />21.6%
<br />$18,227
<br />74.8%
<br />$27,989
<br />$15,521
<br />11.0%
<br />2015-2016
<br />$7,101
<br />$883
<br />12.4%
<br />$13,952
<br />79.9%
<br />$23,410
<br />$14,850
<br />5.9%
<br />2014-2015
<br />6,152
<br />1,153
<br />18.7%
<br />12,074
<br />82.2%
<br />$21,119
<br />$13,247
<br />8.7%
<br />Burlingame
<br />2016-2017
<br />$18,617
<br />$5,294
<br />28.4%
<br />$57,694
<br />73.4%
<br />$86,051
<br />$49,707
<br />10.7%
<br />2015-2016
<br />$17,654
<br />$3,840
<br />21.8%
<br />$46,987
<br />77.8%
<br />$75,062
<br />$47,459
<br />8.1%
<br />2014-2015
<br />16,713
<br />3,822
<br />22.9%
<br />41,762
<br />80.1%
<br />$69,042
<br />$44,405
<br />8.6%
<br />Colma
<br />2016-2017
<br />$4,031
<br />$1,048
<br />26.0%
<br />$9,449
<br />74.2%
<br />$14,008
<br />$13,323
<br />7.9%
<br />2015-2016
<br />$3,749
<br />$937
<br />25.0%
<br />$7,747
<br />74.7%
<br />$11,969
<br />$13,410
<br />7.0%
<br />2014-2015
<br />$3,604
<br />$939
<br />26.1%
<br />$6,885
<br />76.1%
<br />$10,724
<br />$12,948
<br />7.3%
<br />Daly City
<br />2016-2017
<br />$40,070
<br />$11,631
<br />29.0%
<br />$139,861
<br />75.7%
<br />$213,918
<br />$77,139
<br />15.1%
<br />2015-2016
<br />$42,608
<br />$12,081
<br />28.4%
<br />$112,195
<br />80.0%
<br />$185,217
<br />$79,062
<br />15.3%
<br />2014-2015
<br />42,226
<br />8,862
<br />21.0%
<br />99,631
<br />81.9%
<br />$169,965
<br />$72,649
<br />12.2%
<br />East Palo
<br />Alto
<br />2016-2017
<br />8,464
<br />1,493
<br />17.6%
<br />9,459
<br />74.1%
<br />13,750
<br />$18,109
<br />8.2%
<br />2015-2016
<br />$8,408
<br />$1,372
<br />16.3%
<br />$8,112
<br />78.4%
<br />$12,086
<br />$17,735
<br />7.7%
<br />2014-2015
<br />7,926
<br />1,477
<br />18.6%
<br />7,856
<br />70.6%
<br />$11,417
<br />$16,524
<br />8.9%
<br />Foster City
<br />2016-2017
<br />$19,875
<br />$7,209
<br />36.3%
<br />$69,207
<br />68.7%
<br />$98,575
<br />$36,416
<br />19.8%
<br />2015-2016
<br />$18,724
<br />$5,294
<br />28.3%
<br />$56,390
<br />76.7%
<br />$84,686
<br />$33,048
<br />16.0%
<br />2014-2015
<br />17,696
<br />4,552
<br />25.7%
<br />50,458
<br />78.2%
<br />$77,534
<br />$31,322
<br />14.5%
<br />Half Moon
<br />Bay
<br />2016-2017
<br />$2,423
<br />$594
<br />24.5%
<br />$9,502
<br />74.6%
<br />$14,557
<br />$10,418
<br />5.7%
<br />2015-2016
<br />$2,014
<br />$583
<br />28.9%
<br />$7,319
<br />80.1%
<br />$12,332
<br />$8,781
<br />6.6%
<br />2014-2015
<br />1,987
<br />529
<br />26.6%
<br />6,736
<br />81.6%
<br />$11,620
<br />$8,352
<br />6.3%
<br />Hillsborough
<br />2016-2017
<br />$8,661
<br />$2,158
<br />24.9%
<br />$22,387
<br />74.5%
<br />$34,262
<br />$21,224
<br />10.2%
<br />2015-2016
<br />$9,089
<br />$1,893
<br />20.8%
<br />$17,187
<br />80.2%
<br />$28,063
<br />$19,693
<br />9.6%
<br />2014-2015
<br />8,625
<br />1,605
<br />18.6%
<br />14,770
<br />79.8%
<br />$25,822
<br />$18,721
<br />8.6%
<br />*Note: Covered Payroll amounts in CAFRs may include compensation paid to certain employees whose activities are not accounted for as part of
<br />General Fund activities, and their compensation would not be included in General Fund Total Expenditures. As a result, the percentage of
<br />General Fund Total Expenditures represented by Covered Payroll may somewhat overstate the percentage represented by General Fund Covered
<br />Payroll. Some experts have estimated that this might result in an overstatement of the percentage by 10 - 30 percent, such that a Contribution
<br />Payment as a % of General Fund Total Expenditures of 10 percent might actually be somewhere between 7 and 9 percent.
<br />Appendix A-1
<br />326
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