City Council

27. City Council/ HDB/CDC: Staff recommends that the City Council, the Community 25-846 Development Commission, and the Harbor District Board take the following actions to adopt the FY 2025-26 Operating and Capital Improvement Program Budgets; and authorize a lump-sum prepayment to CalPERS: 1. Adopt a resolution approving the Appropriation Limitation as required by Article XIII-B of the State Constitution, as modified by Proposition 111 for FY 202526. (Attachment A) 2. Adopt a resolution approving the FY 2025-26 City of Oceanside Operating Budget. (Attachment B) 3. Adopt a resolution approving the FY 2025-26 City of Oceanside Measure X Operating Budget. (Attachment C) 4. Adopt a resolution approving the FY 2025-26 City of Oceanside Capital Improvements Program Budget. (Attachment D) 5. Adopt a resolution approving the FY 2025-26 Community Development Commission (CDC) Operating Budget. (Attachment E) 6. Adopt a resolution approving the FY 2025-26 Small Craft Harbor District Operating Budget. (Attachment F) 7. Adopt a resolution approving the FY 2025-26 Small Craft Harbor District Capital Improvements Program Budget. (Attachment G) 8. Approve a lump-sum prepayment to CalPERS estimated at $24.74 million for the City’s annual required Unfunded Liability contribution for both Safety and Miscellaneous Retirement Plans; prepayment will provide an estimated $827,165 in savings which will be directly applied to the City’s CalPERS Unfunded Liability. (Attachment H) Page 8 of 14 City Council Agenda - June 4, 2025 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