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6.A. - Page 74 of 114 <br />attached to that report as "Attachment 2."601 The search of the City's online City Council <br />meeting agendas would also eventually lead to information about the April 9, 2019 City <br />Council meeting at https:Hci-ssf-ca.legistar.com/ MeetingDetail.aspx?ID=683321& <br />QUID=18367370-F11F-4D7B-9D54-5050862A9304&Options=info&Search= (last <br />accessed on June 8, 2019) a staff report for that meeting regarding, among other things, <br />pensions, 602 and a set of pension contribution projections attached to that report as <br />"Attachment 10."603 In response to this paragraph, the City points out that "The City's <br />current unfunded liability of $179 million and the apex of annual pension payments of $29 <br />million in FY 2028-29 can be found on the City's website <br />www.ssf.net.department/finance.,,604 <br />Financial Overview — South San Francisco <br />South San Francisco city staff does not believe that rising future pension costs represent a <br />major financial issue for the City. Staff believes the City is in a strong financial position <br />with solid future revenue growth.605 <br />The City projects general fund revenues increasing from $109.05 million in FY 2018-19 to <br />$127.38 million in FY 2023-24, to $141.68 million in FY 2027-28.606 The City further <br />projects that its general fund reserves will increase from $21.21 million at the end of FY <br />2018-19 to $25.12 in FY 2023-24, to $27.98 million in FY 2027-28.60 <br />Additional Payments to Ca1PERS - South San Francisco <br />South San Francisco is not currently considering making any additional payments to <br />Ca1PERS beyond its Annual Required Contribution. When staff last investigated this <br />possibility, it concluded that an additional payment of at least $10 million would be <br />required to significantly reduce future pension costs. 608 <br />601 South San Francisco, Attachment 2 — Pension Contributions 2016-2046, linked to Staff Report for City Council <br />meeting on September 26, 2018. <br />hoz South San Francisco, Staff Report for City Council meeting on April 9, 2019 re: Study session regarding a <br />comprehensive financial review of the City of South San Francisco, including pension costs. <br />Eos South San Francisco, Attachment 4 to Staff Report for City Council meeting on April 9, 2019 re: Study session <br />regarding a comprehensive financial review of the City of South San Francisco, including pension costs. <br />boa Email from South San Francisco, dated June 14, 2019. <br />Eos Grand Jury interview. <br />606 Attachment 8, p. 1 to South San Francisco, Staff Report for City Council meeting on April 9, 2019 re: Study <br />session regarding a comprehensive financial review of the City of South San Francisco, including pension costs. <br />607 Attachment 8, p. 2 to South San Francisco, Staff Report for City Council meeting on April 9, 2019 re: Study <br />session regarding a comprehensive financial review of the City of South San Francisco, including pension costs. <br />boa Grand Jury interview. <br />2018-2019 San Mateo County Civil Grand Jury 67 <br />78 <br />