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6.1.G. - Page 42 <br /> Response <br /> The recommendation has already been implemented as the actuarial <br /> valuation performed to determine the ARC builds into the ARC an <br /> amount that will fully amortize the unfunded OPEB liability, which the City <br /> has interpreted to be the Net OPEB Obligation (NOO). This methodology <br /> is explained in the CAFR Notes to Financial Statements. <br /> On behalf of the Redwood City Council, I would like to thank the Grand Jury for <br /> their interest and work on this report. If there is additional information that I can <br /> provide, please do not hesitate to contact me. <br /> Sincerely, <br /> Brian Ponty <br /> Director of Finance <br />