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Funding Strategies <br /> <br />•POB financing saved $1.48 million on PV basis <br />•Budget forecast assumes increase in City’s OPEB <br />and PERS contributions <br />•Future new employees will have lower benefits due <br />to Public Employees’ Pension Reform Act of 2013 <br />(PEPRA) <br />•City will continue payment of ARC for CalPERS and <br />endeavor to pay ARC for OPEB <br />•Reduce costs by reducing services <br />•Soft hiring freeze and static headcount <br />•Strengthening our revenue streams <br />•Future employee bargaining unit agreements to <br />seek employee contributions toward CalPERS <br /> <br />9