city of Chula Vista

File #: 20-0385    Name: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ACKNOWLEDGING RECEIPT OF COUNCIL POLICY NO. ______, THE CITY OF CHULA VISTA PENSION & OPEB RESERVE FUND POLICY; AMENDING THE GENERAL FUND RESERVE POLICY - FISCAL HEALTH PLAN; AND DELEGATING PENSION
Type: Action Item Status: Passed
In control: City Council
On agenda: 11/3/2020 Final action: 11/3/2020
Title: CONSIDERATION OF ADOPTING THE PENSION AND OTHER PENSION EMPLOYMENT BENEFITS (OPEB) RESERVE FUND POLICY, AMENDING THE GENERAL FUND RESERVE POLICY, AND DELEGATING PENSION AND OPEB RESERVE FUND ACTIVITY TO THE DIRECTOR OF FINANCE/TREASURER RESOLUTION NO. 2020-254 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING THE PENSION & OPEB (OTHER PENSION EMPLOYMENT BENEFITS) RESERVE FUND POLICY, AMENDING THE GENERAL FUND RESERVE POLICY - FISCAL HEALTH PLAN, AND DELEGATING PENSION AND OPEB RESERVE FUND ACTIVITY TO THE DIRECTOR OF FINANCE/TREASURER
Attachments: 1. Staff Report, 2. Resolution, 3. Attachment 1 - Pension Reserve Policy, 4. Attachment 2 - General Fund Reserves Policy Amendment, 5. POB Policy Presentation

Title

CONSIDERATION OF ADOPTING THE PENSION AND OTHER PENSION EMPLOYMENT BENEFITS (OPEB) RESERVE FUND POLICY, AMENDING THE GENERAL FUND RESERVE POLICY, AND DELEGATING PENSION AND OPEB RESERVE FUND ACTIVITY TO THE DIRECTOR OF FINANCE/TREASURER

 

RESOLUTION NO. 2020-254 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING THE PENSION & OPEB (OTHER PENSION EMPLOYMENT BENEFITS) RESERVE FUND POLICY, AMENDING THE GENERAL FUND RESERVE POLICY - FISCAL HEALTH PLAN, AND DELEGATING PENSION AND OPEB RESERVE FUND ACTIVITY TO THE DIRECTOR OF FINANCE/TREASURER

 

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RECOMMENDED ACTION

Recommended Action

Council adopt the resolution.

 

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ENVIRONMENTAL NOTICE

Environmental Notice

The activity is not a "Project" as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required.