City Council

10D. Presentation of the City’s Annual Comprehensive Financial Report (ACFR) for the Fiscal Year ended June 30, 2024 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 Person: Finance Manager Attili 1/17/25, 2:27 PM encinitas.granicus.com/GeneratedAgendaViewer.php?view_id=7&event_id=5017 Recommended Action: 1) Accept and file the Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2024; and 2) Adopt Resolution 2025-06, titled "A Resolution of The City Council of The City of Encinitas, California, Amending the Fiscal Year 2024-25 Budget" to authorize an additional discretionary payment to CalPERS in the amount of $500,000 to reduce the City of Encinitas unfunded pension liability. 2025-01-22 Item 10D Fiscal Year 2023-24 ACFR and Payment to PERS