City Council

9. BUDGETARY - FISCAL YEAR 2024 PENSION STABILIZATION TRUST\nCONTRIBUTION\nThat the City Council:\na. Approve the annual contribution of $2,000,000 from Measure X Reserves Fund\n120 to the Pension Stabilization Trust Fund 485.\nb. Approve the Pension Stabilization Trustee Board’s recommendation to contribute\n$4,050,000 of the Fiscal Year 2023 General Fund 110 year-end surplus to the\nPension Stabilization Trust Fund 485.\nc. Authorize the City Manager, or his designee, to make the necessary budget and\naccounting adjustments for the Fiscal Year 2024 contribution.