City Council

10B. Presentation of the City’s Annual Comprehensive Financial Report (ACFR) for the Fiscal Year ended June 30, 2022 and authorization of an additional discretionary payment to CalPERS to reduce the City of Encinitas unfunded pension liability. Environmental Considerations: The action being considered by the City Council is exempt from the California Environmental Quality Act (CEQA) because it is not a project under Section 15378(b)(5) of CEQA Guidelines. The action involves an organizational or administrative activity of government that will not result in the direct or indirect physical change in the environment. Contact Persons: Assistant Director of Finance Gallup and Finance Manager Attili Recommended Action: 1) Accept and file the Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2022; and 2) Adopt City Council Resolution 2023-05, titled "A Resolution of the City Council of the City of Encinitas Amending the Fiscal Year 2022-23 Budget" to authorize an additional discretionary payment to CalPERS in the amount of $500,000 to reduce the City of Encinitas unfunded pension liability. 2023-01-25 Item 10B Annual Comprehensive Financial Report Fiscal Year 2021-22 and Payment to Calpers