| Date | County | City | Meeting Type | Item Type | Item | Description |
|---|---|---|---|---|---|---|
| 20251028 | LA County | Claremont | City Council | Item | 8. 2024-25 GENERAL FUND FINANCIAL UPDATE ( UNAUDITED) Staff recommends the City Council: A. Allocate $ 500,000 of the 2024-25 General Fund surplus to the City's Operating and Environmental Emergency Reserve, bringing the reserve balance to $ 11,613,060 or thirty percent of estimated 2026-27 General Fund operating expenditures and transfers out; B. Allocate and appropriate $ 1,000,000 of the 2024-25 General Fund surplus for an additional discretionary payment to CalPERS to pay down the unfunded liability on the City's employee pension plans; C. Allocate and appropriate $ 500,000 of the 2024-25 General Fund surplus for a contribution to fund the City's Section 115 Pension Trust; and D. Allocate $ 1,879,060 or any remaining 2024-25 General Fund surplus after completion of the annual audit to the City's Equipment and Facility Revolving Reserve. | October 28, 2025 LA County Claremont City Council Item #8 |