City Council

23. City Council/CDC/HDB: Adoption of resolutions for the following: (1) approving the Appropriation Limitation as required by Article XIII-B of the State Constitution, as modified by Proposition 111 for FY 2024-25; (2) approving the FY 2024-25 City of Oceanside Operating Budget; (3) approving the FY 2024-25 Measure X Operating Budget; (4) approving the FY 2024-25 City of Oceanside Capital Improvements Program Budget; (5) approving the FY 2024-25 Community Development Commission Operating Budget; (6) approving the FY 2024-25 Small Craft Harbor District Operating Budget; (7) approving the FY 2024-25 Small Craft Harbor District Capital Improvements Program Budget; and (8) approval of a lump-sum prepayment to CalPERS estimated at $21.91 million for the City’s annual required Unfunded Liability contribution for both Safety and Miscellaneous Retirement Plans; prepayment will provide an estimated $732,562 in savings which will be directly applied to the City’s CalPERS Unfunded Liability A) Mayor opens public hearing B) Mayor requests disclosure of Councilmember and constituent contacts and correspondence C) Clerk presents correspondence and/or petitions D) Testimony beginning with Jill Moya, Financial Services Director E) Recommendation – adopt the resolutions and approve the lump-sum payment to CalPERS