AgdaPkt 2019-10-14 Joint SA PFA - Laserfiche WebLink

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6.A. - Page 77 of 114 would eventually lead to information about the April 9, 2019 City Council meeting at https:Hci-ssf-ca.legistar.com/McctingDetail.aspx?ID=68332 I &GUID=18367370-F 11 F- 4D7B-9D54-5050862A9304&Options=info&Search= (last accessed on June 8, 2019) a staff report for that meeting regarding, among other things, pensions, 630 and a general fund ten-year forecast attached to that report as "Attachment 8."631 Woodside Pension Contribution Costs - Woodside Woodside's pension contribution costs in FY 2017-18 were $0.39 million, up $0.067 million (20.8 percent) from $0.323 million in FY 2016-17.632 The Town's FY 2017-18 pension contribution costs represented 18.8 percent of that year's covered payroll (up from 16.2 percent the preceding year) and 5.7 percent of its total general fund spending (up from 4.8 percent the preceding year).633 The Town projects its pension contribution costs will increase by $0.316 million (81.2 percent) to $0.706 million by FY 2023-24 and by an additional $0.152 million (21.6 percent) to $0.859 million by FY 2027-28.634 The Town's projected pension contribution costs are not included in its FY 2017-18 financials,635 its FY 2018-19 budget,636 or its FY 2019-21 budget,637 nor was the Grand Jury able to find them in any report that is included in City Council meeting agenda packages from January 1, 2018 to June 15 2019. While the Town's operating budget forecasts contained in its FY 2018-19 budget and FY 2019-21 budget set forth combined annual cost projections for Ca1PERS and "Retiree Health Benefits,"638 the Ca1PERS costs — on a standalone basis — cannot be determined from this. Financial Overview — Woodside Woodside views its financial health as good. The Town projects ending FY 2018-19 with a general fund balance of $7.89 million; equal to 95.5 percent of its projected general fund revenues of $8.24 million for the year 639 and it reports that this allows it the luxury of being able to think long-term.640 631 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. 631 South San Francisco, Attachment 8 (General Fund 10 -year forecast $1M contribution to Ca1PERS) to 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. 632 Appendix A. 633 cold. 63' Appendix A. Email from Woodside dated May 23, 2019. 631 Woodside, Annual Financial Report for the Fiscal Year Ended June 30, 2018 636 Woodside, Adopted Budget Fiscal Year 2018-19. 631 Woodside, Proposed Budget Fiscal Years 2019-21 631 Woodside, Adopted Budget Fiscal Year 2018-19, p. 6. Woodside, Proposed Budget Fiscal Years 2019-21, p. 8. 639 Woodside, Proposed Budget Fiscal Years 2019-21, p. 8. 6" Grand Jury interview. 2018-2019 San Mateo County Civil Grand Jury 70