Title
Minutes of the Special Joint City Council and SACIC Meeting Held on March 6, 2018. [SACIC] (City Clerk)
Body
UNAPPROVED
MINUTES OF THE SPECIAL JOINT MEETING OF THE
CITY COUNCIL AND SUCCESSOR AGENCY
TO THE COMMUNITY IMPROVEMENT COMMISSION (SACIC)
TUESDAY- -MARCH 6, 2018- -6:59 P.M.
Mayor/Chair Spencer convened the meeting at 7:01 p.m. and led the Pledge of Allegiance.
ROLL CALL - Present: Councilmembers/Commissioners Ezzy Ashcraft, Matarrese, Oddie, Vella and Mayor/Chair Spencer - 5.
Absent: None.
ORAL COMMUNICATIONS, NON-AGENDA
None.
CONSENT CALENDAR
Mayor Spencer announced the Financial Statements [paragraph no. 18- CC/18- SACIC] was removed from the Consent Calendar for discussion.
Vice Mayor/Commissioner Vella moved approval of the remainder of the Consent Calendar.
Councilmember/Commissioner Matarrese seconded the motion, which carried by unanimous voice vote - 5. [Items so enacted or adopted are indicated by an asterisk preceding the paragraph number.]
(*18- CC/18- SACIC) Minutes of the Joint City Council and SACIC Meeting Held on February 6, 2018. Approved.
(18- CC/18- SACIC) Recommendation to Accept the Fiscal Year 2016-17 Audited Financial Statements and Compliance Reports.
The City Auditor made comments regarding liabilities that will be in upcoming Financial Statements; urged caution on future budgets.
Mayor/Chair Spencer requested clarification on the amount of the unfunded pension liabilities.
The City Auditor responded the net pension liabilities is $227,324,871; Other Post-Employment Benefits (OPEB) is $39,668,326.
Mayor/Chair Spencer inquired whether there is an estimate of the deferred maintenance.
The City Auditor responded the deferred maintenance does not appear in the financials because it is not required.
Mayor/Chair Spencer inquired whether there is a payment plan for the unfunded pension liabilities.
The City Manager responded Council has set aside money towards paying the amount down; stated ...
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