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PowerPoint: 2012-13 CC Winter Planning 1-26-13 (final)
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Packet 2013 0126
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PowerPoint: 2012-13 CC Winter Planning 1-26-13 (final)
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1/28/2013 10:29:24 AM
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1/28/2013 10:29:01 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
1/26/2013
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_CC Agenda 2013 0126 SP
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General Fund Seven Year Forecast Assumptions <br />2012-13 thru 2018-19 <br />28 <br />EXPENDITURES <br />2012-13 <br />Budget <br />2013-14 <br />Budget <br />2014-15 <br />Budget <br />2015-16 <br />Budget <br />2016-17 <br />Budget <br />2017-18 <br />Budget <br />2018-19 <br />Budget Notes <br />Salary adjustments 0.5%0.5%0.5%2.5%2.5%2.5%2.5%step increases and possible adjustments <br />Medical rates 5.0%10.0%10.0%10.0%10.0%10.0%10.0%estimated health care cost increases <br />PERS rates: <br />Safety (refinanced 2012)35.40%40.20%42.20%44.20%46.20%48.20%20.70% <br />Miscellaneous 29.78%33.45%35.75%36.50%38.50%40.50%25.10% <br />Retiree Medical *$900k $950k $1,000k $1,000k $1,000k $1,000k $1,000k increase in retiree's and medical costs <br />Services and supplies 1.0%1.0%1.0%1.0%1.0%1.0%1.0% <br />Consulting 2.0%2.0%2.0%2.0%2.0%2.0% <br />Legal fees 3.0%2.8%3.0%3.0%3.0%3.0%3.0%CPI <br />Fire service fees 3.8%3.0%3.0%3.0%3.0%3.0%3.0%CPI <br />OPEB trust account *$250k $750k $750k $500k $500k $500k $500k increased trust account to average $500k per year <br />Description <br />based on 10/2012 CalPERS forecast; <br />estimated 2017, 2018 & 2019. 1/1/18 50/50 <br />employees share EE portion <br />* The ARC is $1,639,000 per year and is partially funded in the Retiree Medical and OPEB trust <br />accounts.
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