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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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4/13/2020 1:12:22 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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PERM
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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 />Other Postemployment Benefits - Single -Employer Plan <br />Schedule of Contributions <br />Last Ten Fiscal Years (1)(2) <br />Fiscal Year Ended June 30, <br />2017 <br />2018 <br />2019 <br />Actuarially determined contribution <br />$ 892,618 $ <br />1,121,087 $ <br />1,027,403 <br />Contributions in relation to the <br />actuarially determined contribution <br />(7,788,327) <br />(2,286,671) <br />(2,508,460) <br />Contribution deficiency (excess) <br />$ (6,895,709) $ <br />(1,165,584) $ <br />(1,481,057) <br />Covered -employee payroll <br />$ 34,267,955 $ <br />33,357,709 $ <br />42,275,248 <br />Contributions as a percentage of <br />covered -employee payroll <br />22.73% <br />6.86% <br />5.93% <br />Notes: <br />(1) Fiscal year 2017 was the first year of implementation for GASB 74 <br />(2) Fiscal year 2018 was the first year of implementation for GASB 75 <br />M <br />
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