City Council

4. Review and approve the FY 2026-27 Preliminary Citywide Budget for Internal Service Fund: • Equipment Replacement Fund includes $197,700 in annual charges for reserves and interest earnings, and $401,922 in expenditures. • Employee Pension Service Fund includes $400,000 in Transfers-In and $781,000 in CalPERS payments, including $100,000 in proposed additional payment towards the City's Unfunded Accrued Liability for CalPERS with no impact to the General Fund; and