City Council

27. City Council/\nHDB/CDC:\nStaff recommends that the City Council, the Community 25-846\nDevelopment Commission, and the Harbor District Board\ntake the following actions to adopt the FY 2025-26\nOperating and Capital Improvement Program Budgets; and\nauthorize a lump-sum prepayment to CalPERS:\n1. Adopt a resolution approving the Appropriation\nLimitation as required by Article XIII-B of the State\nConstitution, as modified by Proposition 111 for FY 202526. (Attachment A)\n2. Adopt a resolution approving the FY 2025-26 City of\nOceanside Operating Budget. (Attachment B)\n3. Adopt a resolution approving the FY 2025-26 City of\nOceanside Measure X Operating Budget. (Attachment C)\n4. Adopt a resolution approving the FY 2025-26 City of\nOceanside Capital Improvements Program Budget.\n(Attachment D)\n5. Adopt a resolution approving the FY 2025-26\nCommunity Development Commission (CDC) Operating\nBudget. (Attachment E)\n6. Adopt a resolution approving the FY 2025-26 Small\nCraft Harbor District Operating Budget. (Attachment F)\n7. Adopt a resolution approving the FY 2025-26 Small\nCraft Harbor District Capital Improvements Program\nBudget. (Attachment G)\n8. Approve a lump-sum prepayment to CalPERS\nestimated at $24.74 million for the City’s annual required\nUnfunded Liability contribution for both Safety and\nMiscellaneous Retirement Plans; prepayment will provide\nan estimated $827,165 in savings which will be directly\napplied to the City’s CalPERS Unfunded Liability.\n(Attachment H)\nPage 8 of 14\nCity Council\nAgenda -\nJune 4, 2025\nA) Mayor opens public hearing\nB) Mayor requests disclosure of Councilmember and constituent contacts\nand correspondence\nC) Clerk presents correspondence and/or petitions\nD) Testimony beginning with Jill Moya, Financial Services Director\nE) Recommendation - adopt the resolutions and approve the lump-sum\npayment to CalPERS