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AgdaPkt 2019-10-14 Joint SA PFA
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AgdaPkt 2019-10-14 Joint SA PFA
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10/1/2020 1:23:40 PM
Creation date
10/10/2019 5:36:08 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
10/14/2019
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6.A. - Page 89 of 114 <br />APPENDIX B — Table showing information on each of the Cities. <br />2018-19 San Mateo Civil Grand Jury Appendix B-1 <br />93 <br />Long-term <br />Long-term <br />pension cost <br />pension <br />Revenue <br />Long-term <br />Long - <br />projections <br />cost <br />Additional <br />increase <br />general <br />term <br />available <br />projections <br />payments to <br />measures <br />Pension <br />fund <br />forecast <br />online on <br />published <br />Ca1PERS <br />Employee <br />approved since <br />obligation <br />forecast? / <br />included <br />City's <br />in City's <br />currently <br />Pension <br />cost <br />2016 or <br />bonds <br />Period of <br />in <br />City <br />website? <br />budget?planned? <br />reserve fund? <br />sharing?planned? <br />outstd .? <br />forecast? <br />budget? <br />Section 115 <br />trust approved <br />but not <br />Yes. 5 <br />Atherton <br />No. <br />No. <br />No. <br />funded. <br />Yes <br />No <br />No. <br />years <br />No <br />Yes. <br />Sales tax met. <br />Through FY <br />2016.No further <br />Yes. 5 <br />Belmont <br />2048-49. <br />No <br />Yes. $3.65M <br />No. <br />Yes. <br />plans. <br />No. <br />years <br />Yes. <br />No. <br />Forecast <br />Yes. Business <br />Yes. 2006 <br />not <br />Yes. Section <br />license tax <br />for $4.75M <br />available <br />115 Trust. <br />measures in <br />and 2013 for <br />Yes. 5 <br />on City's <br />Brisbane <br />No. <br />No <br />No. <br />$0.92M. <br />No. <br />2017. <br />$1.61M. <br />years <br />website. <br />Yes. Section <br />115 Trust. <br />$8.2M as of <br />Yes. <br />FY 2018-19 <br />Sales tax met. <br />Through FY <br />and more <br />2017. No further <br />Yes. 2006 <br />Yes. 5 <br />Burlingame <br />2029-30 <br />No <br />No. <br />thereafter. <br />Yes. <br />plans. <br />for $33M. <br />years <br />No <br />Yes. Colma <br />Yes. Town <br />included <br />extended <br />pension <br />forecast <br />cost <br />Yes. Section <br />period to <br />projections <br />115 Trust. <br />10 years <br />for the first <br />$1M in FY <br />for first <br />Yes. <br />time in FY <br />2018-19 and <br />time in FY <br />Through FY <br />2019-20 <br />more <br />2019-20 <br />Colma <br />2035-36. <br />budget. <br />Yes. $1.05M <br />thereafter. <br />No. <br />Hotel tax 2018. <br />No. <br />budget <br />Yes. <br />Yes. The <br />City <br />included <br />pension <br />cost <br />projections <br />No. <br />for the first <br />Forecast <br />time in its <br />Hotel and biz <br />not <br />Yes. <br />FY 2019 & <br />Yes. Section <br />license tax <br />Yes. 2004 <br />available <br />Through FY <br />FY 2020 <br />115 Trust. <br />2018. No further <br />for <br />Yes. 10 <br />on City's <br />Daly City <br />2027-28. <br />budget <br />No. <br />$4M. <br />No. <br />plans. <br />$36.24M. <br />years <br />website. <br />Sales tax and <br />biz license tax <br />No forecast <br />met. 2016. <br />exists. City <br />Office space <br />plans to <br />Yes. <br />parcel tax met. <br />develop <br />East Palo <br />Through FY <br />2018. No further <br />one in <br />Alto <br />2027-28. <br />No <br />No. <br />No. <br />No. <br />plan. <br />No. <br />2019. <br />N/A <br />Yes. The <br />City <br />included <br />pension <br />cost <br />Yes, but using <br />projections <br />its balance to <br />through FY <br />make fund <br />2023-24 for <br />portion of <br />the first <br />$3.43M <br />City plans to <br />Yes. <br />time in its <br />additional <br />seek in next <br />Hotel tax iner. <br />Through FY <br />FY 2019-20 <br />pymts. to <br />round of <br />2018. No further <br />Yes. 5 <br />Foster City <br />2048-49. <br />budget <br />Yes. $3.43M. <br />CalPERS. <br />negotiations. <br />plan. <br />No.ears. <br />Yes. <br />Yes. <br />Half Moon <br />Through FY <br />Yes. 5 <br />Bay <br />2028-29. <br />No. <br />No. <br />Yes. V.1M. <br />No. <br />No. <br />No. <br />years. <br />Yes. <br />2018-19 San Mateo Civil Grand Jury Appendix B-1 <br />93 <br />
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