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6.A. - Page 79 of 114 <br />for the first time and it is incorporated into the Town's readily -accessible FY 2019-21 <br />budget.6so <br />FINDINGS <br />Important eUlanatory note for the Cities in responding to the Findings: Each City is to respond <br />to each Finding solely with respect to itself and not with regard to any other City. <br />Data Set Forth in Appendix A <br />F1. Each City's audited annual financial report for the fiscal year ending June 30, 2018 <br />reported combined covered payroll for the City's pension plans for each of FY 2014-15, <br />FY 2015-16, FY 2016-17 and FY 2017-18 in the amounts set forth beside its name for <br />that year in Appendix A. <br />F2. Each City's audited annual financial report for the fiscal year ending June 30, 2018 <br />reported combined contribution payments to Ca1PERS on the City's pension plans for <br />each of FY 2014-15, FY 2015-16, FY 2016-17 and FY 2017-18 in the amounts set forth <br />beside its name for that year in Appendix A. <br />F3. Each City's audited annual financial report for the fiscal year ending June 30, 2018 <br />reported combined Unfunded Liabilities (as defined in this report) for the City's pension <br />plans for each of FY 2014-15, FY 2015-16, FY 2016-17 and FY 2017-18 in the amounts <br />set forth beside its name for that year in Appendix A. Each City has been required to <br />make large Amortization Cost (as defined in this report) payments of principal and <br />interest to Ca1PERS on those Unfunded Liabilities. These payments have diverted money <br />that could otherwise have been used to provide public services or to add to reserves. <br />F4. Each City's audited annual financial report for the fiscal year ending June 30, 2018 <br />reported combined Funded Percentages (as defined in the prior report) for the City's <br />pension plans for each of FY 2014-15, FY 2015-16, FY 2016-17 and FY 2017-18 in the <br />amounts set forth beside its name for that year in Appendix A. <br />F5. Each City's audited annual financial report for the fiscal years ending June 30, 2015, <br />June 30, 2016, June 30, 2017, and June 30, 2018 reported what the combined Unfunded <br />Liabilities (as defined in the prior report) for the City's pension plans for each of FY <br />2014-15, FY 2015-16, FY 2016-17 and FY 2017-18 would have been if the applicable <br />Discount Rate applied to calculate them had been one percentage point lower in the <br />amount set forth beside its name for that year in Appendix A. <br />F6. Each City's audited annual financial report for the fiscal years ending June 30, 2015, <br />June 30, 2016, June 30, 2017, and June 30, 2018 reported general fund total expenditures <br />651 Woodside, Proposed Budget Fiscal Years 2019-21, Budget Overview, p. 8. <br />2018-2019 San Mateo County Civil Grand Jury 72 <br />83 <br />