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viii liabilities. In June 2021, the City Council authorized the establishment of a Section 115 Pension Trust to buy down the City’s unfunded pension liability. $6.5 million in contributions will be transferred to the trust account in fiscal year 2021-22. At the end of fiscal year 2020-21, the City’s OPEB plan was 89% funded – a healthy funded status. Long-term Perspective The City adopts a biennial budget employing long-term planning as the framework for fiscal decisions. While San Leandro’s underlying economy is viewed as positive in the long-term, today’s economic challenges, notably in the General Fund, must be dealt with now to ensure long-term fiscal sustainability. The City Council has implemented on-going cost cutting measures after staffing peaked in 2008-09, producing recurring budget savings to address its financial challenges. Passage of Measure Z in November 2010, Measure HH in 2014, and Measures OO, PP, NN in 2016, and Measure VV in 2020 have improved revenues enough to restore and maintain services. The City has also implemented strategies to control costs such as soft hiring freeze to mitigate the impact from the COVID-19 pandemic. City Council unrestricted reserves total $66.5 million in the General Fund on June 30, 2021. The restricted reserves total $17.2 million. MAJOR INITIATIVES AND ACCOMPLISHMENTS The City is committed to providing innovative and responsive services to the community. In its role of providing policy direction and general oversight, the City Council establishes major goals for City service delivery. The City initiated and completed a list of major programs/projects during 2020-21 that helped achieve the City’s mission of serving the public and enhancing the quality of life in San Leandro. Certain programs were created in response to the COVID-19 pandemic, which helped to reduce the combined health, social, and economic impacts of the pandemic. Some of these major initiatives and accomplishments include:  Street Rehabilitation and Sealing – The City completed design and advertised bidding for construction of a $6.0 million street sealing project. This is the largest street sealing project that the City has undertaken in the past 25 years and will cover 28 lane miles of city roadways. The City also awarded and started construction on $12.0 million of street reconstruction and rehabilitation (7.6 miles).  Boys and Girls Club Pool Resurfacing Project & Farrelly Pool Replacement Project – The City completed a $1.4 million Boys and Girls Club Pool Resurfacing Project and the $8.6 million Farrelly Pool Replacement Project. At the Farrelly site, the City completed the construction of a new swimming pool facility to replace the aged existing complex.  Crosstown Class IV Corridors Study – The City awarded a consulting agreement with Fehr & Peers to complete the Crosstown Class IV Corridors Study. This $447,000 study funded with Caltrans Sustainable Transportation Planning Sustainable Communities Grant will seek to review and identify how to improve safety, access, and mobility for all roadway users along Bancroft Avenue and Williams Street. 253