Reso 2019-001 PFA - Laserfiche WebLink

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44 MULTI-YEAR FORECAST ASSUMPTIONS -ALL FUNDS Miscellaneous Employer Employer Plan Rate Change Safety Plan Rate Change 2015-16 27.00% -1.82% 2015-16 42.60% 36.98% 2016-17 29.10% 7.78% 2016-17 48.40% 13.62% 2017-18 31.70% 8.93% 2017-18 54.80% 13.22% 2018-19 33.50% 5.68% 2018-19 62.26% 13.61% 2019-20 37.10% 10.75% 2019-20 69.41% 11.48% 2020-21 39.42% 6.25% 2020-21 75.40% 8.63% 2021-22 41.78% 5.99% 2021-22 80.70% 7.03% 2022-23 43.40% 3.88% 2022-23 84.46% 4.66% 2023-24 43.88% 1.11% 2023-24 85.90% 1.70% 2024-25 44.53% 1.48% 2024-25 87.20% 1.51% Employee Contribution rates are fully paid for by City Staff effective 7/1/2015. Sworn staff contribute to the Employer's Portion effective 7/1/17 at 1%for 2017-18, 2%for 2018-19 and 3%for 2019-20 and subsequent fiscal years. Workers' Compensation The City is 100% self-insured for Workers' Compensation. The biennial budget includes over $2.3 million in funding for workers' compensation claims in each fiscal year. The City historically budgets for workers' compensation on a pay-as-you go basis; however, the fund is fully funded based on an "expected" confidence level as ascertained by the City's outside actuary. Workers' Compensation rates are calculated on payroll by classification rate. The forecast expenditures fluctuate with salary costs in subsequent years. OTHER BUDGET IMPACTS General Liability On July 1, 2012 the City's Self Insured Retention (SIR) through the California Joint Powers Risk Management Authority (CJPRMA) risk pool was decreased from $1,000,000 to $500,000 for claim incidents occurring on or after July 1, 2012. Therefore, claims in excess of $500,000 will now be covered by CJPRMA as per the Memorandum of Coverage (MOC). The CJPRMA has a membership of almost 100 agency jurisdictions, of which San Leandro is a member. The biennial budget includes over $1.7 million in funding for general liability claims in each fiscal year. These costs are forecast to remain level in subsequent years. Debt Service Payments Debt Service payments are based upon established debt payment schedules for General Fund debt and loans, Special Assessment Funds Debt, Water Pollution Control Plant debt, Successor Agency debt, Shoreline Enterprise Fund debt, and San Leandro Public Financing Authority debt. These debt payment schedules were used for the forecast projections of debt service in subsequent years. ................................................................................................................................................... 'ti tPoYNMYYYY,.