pages: FinanceAndManagementCommittee/2014-05-27.pdf, 2
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FinanceAndManagementCommittee | 2014-05-27 | *Finance & Management Meeting Minutes May 27,2014 Committee 4 Subject: Budget Process Improvement Recommendations From: Office Of The City Administrator Recommendation: Receive An Informational Report From The Goldman School Of Public Policy At UC Berkeley On Recommended Improvements To The Biennial Budget Process 13-0549 *Received and Filed View Report.pdf 5 Subject: California Employer's Retiree Benefit Trust (CERBT) From: Office Of The City Administrator Recommendation: Adopt A Resolution Authorizing The City Administrator Or His Designee To Allocate Payments To The City Received Pursuant To The Recognized Obligation Payment Schedule ("ROPS") As Follows: (1) To Allocate All ROPS Payments Received By The City To Address Pension Obligations To The California Public Employees Retirement System (CalPers) To CalPers; And (2) To Allocate All ROPS Payments Received By The City To Address Other Post Employment Benefits (OPEB) Unfunded Obligations To The City's CalPers California Employers' Retiree Benefit Trust (CERBT) Fund, And Authorizing The City Administrator Or His Designee To Execute The Required Delegation Of Authority To Request Disbursement Form; And (3) To Allocate $534,500 Set Aside Funds For Payment Of Long-Term Unfunded Liabilities To City's CERBT Fund 13-0550 A motion was made that this matter be *Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on June 3, 2014. The motion carried by the following vote: Votes: Councilmember Excused: Council President Kernighan Councilmember Aye: Member Brooks, President Pro Tempore Kaplan and Chair Schaaf View Report.pdf 85016.M.S.pdf City of Oakland Page 2 Printed on 8/15/14 | 2 | FinanceAndManagementCommittee/2014-05-27.pdf |