CC 2017-03-28_12b Supplemental No. 1 MEMORANDUM
TO: CITY COUNCIL
FROM: DEBBIE MALICOAT, DIRECTOR OF ADMINISTRATIVE SERVICES
SUBJECT: SUPPLEMENTAL INFORMATION
AGENDA ITEM 12.B – MARCH 28, 2017 CITY COUNCIL MEETING
FISCAL YEAR 2017-18 PRE-BUDGET DISCUSSION
DATE: MARCH 27, 2017
The staff report displayed estimated cost information for the City’s CalPERS contributions
separated by the two CalPERS categories of “miscellaneous” and “safety” and segregated
into the Normal Cost (NC) and Unfunded Actuarial Liability (UAL) components. Below is a
consolidated chart comparing the costs for miscellaneous and safety by cost component.
Fiscal Year 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Current Discount Rate
Miscellaneous
Normal Cost 239,000 246,000 253,000 261,000 269,000 277,000
UAL 851,937 977,342 1,109,504 1,194,565 1,285,785 958,279
Safety
Normal Cost 301,000 309,000 319,000 328,000 338,000 348,000
UAL 884,034 996,190 544,313 606,320 671,123 718,575
Total cost 2,275,971 2,528,532 2,225,817 2,389,885 2,563,908 2,301,854
New Discount Rate
Miscellaneous
Normal Cost 239,000 258,000 278,000 312,000 322,000 331,000
UAL 852,000 1,002,000 1,165,000 1,344,000 1,511,000 1,174,000
Safety
Normal Cost 301,000 325,000 351,000 395,000 407,000 419,000
UAL 884,000 1,021,000 572,000 682,000 789,000 880,000
Total cost 2,276,000 2,606,000 2,366,000 2,733,000 3,029,000 2,804,000
Difference
Normal Cost - 28,000 57,000 118,000 122,000 125,000
UAL 29 49,468 83,183 225,115 343,092 377,146
Total 29 77,468 140,183 343,115 465,092 502,146
cc: City Manager
City Attorney
City Clerk
Public Review Binder