City Council

27. Staff recommends that the City Council, the Community 26-1481\nDevelopment Commission, and the Harbor District Board\ntake the following actions to adopt the FY 2026-27\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 2026-\n27. (Attachment A)\n2. Adopt a resolution approving the FY 2026-27 City of\nOceanside Operating Budget. (Attachment B)\n3. Adopt a resolution approving the FY 2026-27 City of\nOceanside Measure X Operating Budget. (Attachment C)\n4. Adopt a resolution approving the FY 2026-27 City of\nOceanside Capital Improvements Program Budget.\n(Attachment D)\n5. Adopt a resolution approving the FY 2026-27\nCommunity Development Commission (CDC) Operating\nBudget. (Attachment E)\n6. Adopt a resolution approving the FY 2026-27 Small\nCraft Harbor District Operating Budget. (Attachment F)\n7. Adopt a resolution approving the FY 2026-27 Small\nCraft Harbor District Capital Improvements Program\nBudget. (Attachment G)\n8. Approve a lump-sum prepayment to CalPERS\nestimated at $25.97 million for the City’s annual required\nUnfunded Liability contribution for both Safety and\nMiscellaneous Retirement Plans; prepayment will provide\nan estimated $868,524 in savings which will be directly\napplied to the City’s CalPERS Unfunded Liability.\n(Attachment H)\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) Discussion\nF) Recommendation - Adopt Budget