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Reso 2020-033 CAFR for Fiscal Year Ended June 30, 2019
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Reso 2020-033 CAFR for Fiscal Year Ended June 30, 2019
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4/13/2020 1:41:02 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
4/6/2020
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8H Consent 2020 0406
(Reference)
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\City Clerk\City Council\Agenda Packets\2020\Packet 2020 0406
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CITY OF SAN LEANDRO <br />Notes to Required Supplementary Information <br />For the year ended June 30, 2019 <br />City of San Leandro <br />Cost -Sharing Multiple Employer Defined Pension Plan - Safety Plan <br />For the Fiscal Year Ended June 30, 2019 <br />S CBMULE OF CONTRIBUTIONS <br />Last 10 Years* <br />* - Fiscal year 2015 was the 1st year of implementation <br />ftj <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 <br />Actuarially detennined contribution <br />$ 2,992,821 $ <br />5,482,854 <br />$ 5,233,646 <br />$ 6,062,560 <br />$ 7,027,678 <br />Contributions in relation to the <br />actuarially detenrrined contnbutions <br />(2,992,821) <br />(5,482,854) <br />(5,233,646) <br />(6,062,560) <br />(7,027,678) <br />Contribution deficiency (excess) <br />$ $ <br />_ <br />$ _ <br />$ _ <br />$ _ <br />Covered payroll <br />$ 10,794,582 $ <br />11,439,904 <br />$ 11,316,753 <br />$ 12,841,859 <br />$ 13,169,196 <br />Contributions as a percentage of <br />covered payroll <br />27.73% <br />47.93% <br />46.25% <br />47.21% <br />53.36% <br />* - Fiscal year 2015 was the 1st year of implementation <br />ftj <br />
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