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6.A. - Page 114 of 114 <br />d. The percentage of the City's general fund expenditures, and the percentage of the City's <br />covered payroll, represented by the pension costs described in (a) above (using estimates <br />of general fund expenditures in future fiscal years). <br />Response: This recommendation has not yet been implemented, but will be implemented with the <br />FY 2020-21 Recommended Budget. The City's FY 2019-20 Adopted Budget already contains <br />historical and future total pension contribution costs, current unfunded liability amounts, and <br />current funding status percentages. Staff will incorporate the recommended data listed in (a) -(d) <br />by plan for each of the three preceding fiscal years, and will provide future estimates for the next <br />ten years, in the FY 2019-20 mid -year budget update that will be presented to the City Council in <br />February 2020. In addition, the recommended data will be included in the FY 2020-21 <br />Recommended Budget that will be approved by the City Council in June 2020. <br />Thank you for allowing us to respond to your report and share our perspective. <br />Respectfully, <br />Ian Bain, Mayor <br />cc: Redwood City Council Members <br />Melissa Stevenson Diaz, City Manager <br />Kimbra McCarthy, Assistant City Manager <br />7 <br />118 <br />