City Council

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