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6.A. - Page 73 of 114 reserves described above will be drawn down from $44.76 million in FY 2017-18 to zero in FY 2029-30.s9s Long -Term Financial Forecast — San Mateo San Mateo's general fund long-term financial forecasting is based on a ten-year period. The City included this long-term forecast it its readily -accessible FY 2017-18 and FY 2019-20 budgets.596 South San Francisco Pension Contribution Costs - South San Francisco South San Francisco's pension contribution costs in FY 2017-18 were $15.49 million, up $2.19 million (16.5 percent) from $13.3 million in FY 2016-17. The City's FY 2017-18 pension contribution costs represented 34 percent of that year's covered payroll (up from 27.2 percent the preceding year) and 16 percent of its total general fund spending (up from 14.4 percent the preceding year).597 The City projects its pension contribution costs will increase by at least $9.42 million (60.8 percent) to $24.91 million by FY 2023-24 and by an additional $2.51 million (10.1 percent) to $27.42 million by FY 2027-28.591 The City's projected, annual pension contribution costs are not included in its FY 2017-18 CAFR, or in its FY 2018-19 budget.599 In order to find these projected costs online, it is necessary to manually search through City Council meeting agenda packages, which can be accessed at the following website: hgps://ci-ssf-ca.legistar.com/Calendar.aspx. (Last accessed on June 8, 2019.) That search would eventually lead to agenda information about the September 26, 2018 City Council meeting at https://ci-ssf- ca.legistar.com/Meeting Detail.aspx?ID=621621 &GUID=3C2F6C 1 E-F701-4040-8E44- 2DAB2DBCF52D&Options=info&Search (last accessed on June 8, 2019), a staff report for that meeting regarding pensions 600 and a set of pension contribution projections 595 San Mateo, Adopted 2017-18 Budget, pp. 46-47. San Mateo, Proposed 2019-20 Budget, pp. 44-45 & 54. 596 lbid., pp. 44-45. 597 Appendix A. "I Attachment 4 to South San Francisco, Staff Report for City Council meeting on April 9, 2019 re: Study session regarding a comprehensive financial review of the City of South San Francisco, including pension costs. This report contains pension cost data through FY 2027-28. The City also has pension cost projections going out to FY 2045-46 that were prepared for a September 26, 2018 City Council meeting. They are Attachment 2 to the Staff Report for the September 26, 2018 City Council meeting re: Report regarding a resolution approving and authorizing the City Manager to sign a response to the San Mateo County Grand Jury Report "Soaring City Pension Costs — Time for Hard Choices." "I South San Francisco, Comprehensive Annual Financial Report for Year Ended June 30, 2018. South San Francisco, Adopted Operating Budget for Fiscal Year 2018-19. 601 South San Francisco, Staff Report for City Council meeting on September 26, 2018 re: Report regarding a resolution approving and authorizing the City Manager to sign a response to the San Mateo County Grand Jury Report "Soaring City Pension Costs — Time for Hard Choices." 2018-2019 San Mateo County Civil Grand Jury 66 77