09-27-21 Regular City Commission Adopted Minutesi+.a. i,..),, MINUTESr
Regular City Commission Meeting
V ` Monday, September 27, 2021 - 6:30 PM
t /- Commission Chamber
INVOCATION AND PLEDGE OF ALLEGIANCE
CALL TO ORDER:
Following the Pledge of Allegiance, Mayor Glasser called the meeting to order at 6:30 PM. City Clerk
Bartle called the roll.
ATTENDANCE:
Present: Ellen Glasser, Mayor- Seat 1
Bruce Bole, Commissioner- Seat 2
Michael Waters, Commissioner- Seat 3
Candace Kelly, Commissioner- Seat 4
Brittany Norris, Mayor Pro Tern/Commissioner- Seat 5
Also Present: Brenna Durden, City Attorney(CA)
Shane Corbin, City Manager(CM)
Donna Bartle, City Clerk(CC)
Kevin Hogencamp, Deputy City Manager(DCM)
Kim Flower, Records Clerk(RC)
1 APPROVAL OF MINUTES
1A. Approve minutes of the August 9,2021 Regular Commission meeting.
Mayor Glasser asked if there were any corrections or changes to the minutes.There were
no corrections or changes to the minutes. Mayor Glasser stated the minutes stand as
submitted.
2 COURTESY OF FLOOR TO VISITORS
PUBLIC COMMENT
Mayor Glasser explained the process for public comments and opened the Courtesy of the Floor
to Visitors. There were no speakers.
3 CITY MANAGER REPORTS
3A. Accept the 90-Day Calendar(October through December 2021)
There was CONSENSUS to accept the 90-Day Calendar with the addition of the Public
Hearing of 1220 Selva Marina Circle WAIVER Request on October 18,2021 at 5:15 pm
Regular City Commission
September 27,2021
and the Town Hall meeting at Jordan Park Community Center 10:00 am, October 16,
2021.
3B. City Vision and Mission
CM Corbin reported on the status of the Vision and Mission Initiative. Since its launch,
the City has received over 400 responses from the public survey. He spoke about the
purpose and intent of the initiative. Once the themes are narrowed down, the proposed
themes would be brought to the Commission for review and discussion.
3C. Permitting Survey
CM Corbin reported on the status of streamlining the current permitting process. As a
priority set by the Commission, he explained that a public survey would seek feedback
from the community. The public survey would cover topics such as building permits,
site planning, tree mitigation, and recreation permits.
3D. 0 Lily Street
CM Corbin reported on the status of the 0 Lily Street project. He researched and found
that in the past,East Duval Mosquito Control District operated landfills along the marsh
to elevate the land. He explained with the use of GIS mapping and historical records, it
shows trash buried under 0 Lily Street. CE Swann estimated the cost to remove the trash
from the land as $148,000 to $186,000.
CM Corbin explained the City notified the current landowners and proposed splitting the
cost. The landowners were not agreeable to that idea but plan to email a counter offer
soon to the City.
CA Durden remarked the landowner had signed an extension until October 15, 2021.
Commissioner Water questioned why Mosquito Control or DEP is not responsible for
remediation. CA Durden gave a summary of the legal protocol regarding the removal of
the trash.
Commissioner Norris asked if additional measures would need to be taken for future
development in these specific areas and if the current homeowners would be notified.
CM explained possible environmental testing might need to be done before additional
development, and the City most likely would notify the current residents.
Discussion ensued regarding the possibility of underground trash in other areas of Lily
Street. CM Corbin said the maps and tests do not show signs of other debris locations.
Commissioner Norris and Mayor Glasser agreed that the value of the land has
significantly changed, and the amount to be purchased has lowered. Mayor stated she
would not want to pay more than 140,000.
Regular City Commission
September 27,2021
Commissioner Waters expressed his concern about the future issues of the property and
how it could negatively affect the environment and possibly set a precedent for other
developers.
CM explained the E-scooters moratorium will be a future topic and asked for feedback
from the Commission if their opinions changed from not allowing e-scooters. Mayor
Glasser asked for the Commission to be updated regarding the decisions of the
surrounding beach communities.
CM said he would provide an update regarding the Mayport murals at the next
Commission meeting.
4 REPORTS AND/OR REQUESTS FROM CITY COMMISSIONERS
Commissioner Bole expressed he feels the City made a good call on the new garbage contract,
but the City may need to publicize that recycling is still available.
Commissioner Kelly spoke about FEMA running out of money and the City to think about the
possibility of creating local committees in neighborhoods and the importance of following the
emergency response plan.
Commissioner Waters spoke about his reaction to the recent conversation regarding
playgrounds within Atlantic Beach. He spoke about the importance of funding the
improvements of these playgrounds, hopefully with the assistance of Friends of Atlantic Beach
Elementary(FABE).
Mayor Glasser responded to Commissioner Waters request for funding for the local
playgrounds. She mentioned it could possibly be a topic of discussion during the budget
approval. She said she spoke about creating an Advisory Committee and asked for interested
people to contact City Administration. She spoke about the Jacksonville Environmental
Protection Board listed nominations for their awards, and the City of Atlantic Beach was a
recipient of an award. She informed the Commission that a group Commission photo would be
taken at the next meeting.
5 UNFINISHED BUSINESS FROM PREVIOUS MEETINGS
None.
6 CONSENT AGENDA
Mayor Glasser read the Consent Agenda.
6A. Acknowledge receipt of the Monthly Financial Report for August 2021.
CM Corbin noted a correction to page 24 of the Monthly Financial Report for Paid
Parking Revenues for July 2021 from $87,462.85 to $8,724.00 and as a result adjusting
the total revenues received in FY20 from $186,509.48 to $107,770.63.
Regular City Commission
September 27,2021
Commissioner Kelly pulled Item 6A and referred to page 22 of the agenda packet,
Recreation Programs under Expenditures, and requested clarification regarding the
Recreation revenue operating at 67% and what programs were not offered as a result of
the lack of funding. Cultural Arts and Recreation Director(CARD)Johnson spoke about
the list of programs not offered.
MOTION: Approve Consent Agenda Item 6A as written with the aforementioned correction
to the Monthly Financial Report regarding the Paid Parking Revenues of July 2021 from
87,462.85 to 8,724.00 and adjusting the total revenues received in FY20 from $186,509.48 to
107,770.63).
Motion: Brittany Norris
Second: Candace Kelly
Ellen Glasser For
Bruce Bole For
Michael Waters For
Candace Kelly(Seconded By) For
Brittany Norris (Moved By) For
Motion passed 5 to 0.
7 COMMITTEE REPORTS
None.
8 ACTION ON RESOLUTIONS
8A. Resolution No. 21-53
A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA,
AWARDING BID 2021-16 FOR THE MILLING AND PAVING 2021 PROJECT.
Mayor Glasser read the Resolution by title.
CM Corbin explained no milling and paving was done last year, and the City is getting
back on track.
PW Director Williams spoke regarding the Milling and Paving project as detailed in the
Agenda Packet.
Commission Kelly explained the sidewalks on Ahern Street are in disrepair and
suggested the sidewalks be worked on. PW Director Williams responded Ahem Street
could be addressed at a later time. CM Corbin clarified there is no defined sidewalk
behind Ragtime. A few different concepts have been put together, and community
outreach regarding parking needs to occur before any work is done. This issue is planned
to be addressed next year.
Regular City Commission
September 27,2021
Commissioner Norris asked when the funds for Better Jax runs out. Mayor Glasser
responded in 2030, but COAB would be getting funds from the gas tax increase.
PW Director Williams mentioned people could call in to report potholes.
Commissioner Norris asked about resiliency and raising roads due to climate change.
PW Director Williams explained that each road would need to be surveyed and that a lot
of planning would need to be completed before raising roads due to water drainage.
Mayor Glasser asked about street patching. PW Director Williams explained each road
individually would need to be surveyed, and water drainage is involved and can cost
millions of dollars.
MOTION: Adopt Resolution No. 21-53.
Motion: Brittany Norris
Second: Michael Waters
Michael Waters (Seconded By)For
Brittany Norris (Moved By) For
Ellen Glasser For
Bruce Bole For
Candace Kelly For
Motion passed 5 to 0.
8B. Resolution No.21-54
A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA,
APPROVING RENEWAL OF ALL LIABILITY INSURANCES AND
WORKERS' COMPENSATION INSURANCE WITH PREFERRED
GOVERNMENTAL INSURANCE TRUST FOR 2021-2022, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE THE MEMORANDUM
OF UNDERSTANDING.
Mayor Glasser read the Resolution by title.
HR Director Varian spoke regarding Resolution No. 21-54 as detailed in the agenda
packet.
MOTION: Adopt Resolution No. 21-54.
Motion: Brittany Norris
Second: Candace Kelly
Ellen Glasser For
Regular City Commission
September 27,2021
Bruce Bole For
Michael Waters For
Candace Kelly (Seconded By) For
Brittany Norris (Moved By) For
Motion passed 5 to 0.
8C. Resolution No.21-55
A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA
APPROVING A 3% SALARY INCREASE FOR THE CITY CLERK,
RETROACTIVE TO 10/1/2020.
Mayor Glasser read the Resolution by title.
HR Director Varian explained the retroactive pay for Donna Bartle, City Clerk.
MOTION: Adopt Resolution No. 21-55.
Motion: Michael Waters
Second: Brittany Norris
Ellen Glasser For
Bruce Bole For
Michael Waters (Moved By) For
Candace Kelly For
Brittany Norris (Seconded By) For
Motion passed 5 to 0.
8D. Resolution No. 21-52, Public Hearing on Adoption of Resolution No. 21-52 for the
Millage Rate.
A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA LEVYING
THE AD VALOREM PROPERTY TAX MILLAGE RATE FOR MUNICIPAL
PURPOSES ON ALL TAXABLE PROPERTY WITHIN THE CITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30,
2022; STATING THE PERCENTAGE BY WHICH THE MILLAGE TO BE
LEVIED EXCEEDS THE ROLLED-BACK RATE; AND PROVIDING AN
EFFECTIVE DATE.
Mayor Glasser read the Resolution by title.
CM Corbin explained the amended Staff Report (which is attached hereto and made part
of this official record as Attachment A) as provided to the Commission.
Regular City Commission
September 27,2021
Commissioner Norris asked for clarification regarding the Rollback Millage Rate of
3.0836 and how much a family would be saving with that amount. DF Burns said less
than$50 a year.
Mayor Glasser opened the Public Hearing.
No one wished to speak regarding the resolution.
Mayor Glasser closed the Public Hearing.
Commissioner Bole asked about the comparison of Millage Rates to Jacksonville Beach
and Neptune Beach. DF Burns answered COAB has the lowest Millage Rate.
CM Corbin shared information regarding the breakdown of property taxes.
Attachment A
MOTION: Adopt Resolution No. 21-52, setting a Final Millage Rate for operating purposes
of 3.2285.
Motion: Brittany Norris
Second: Bruce Bole
Mayor Glasser read the following:
The Tentative Millage Rate is 3.2285
The Roll-Back Rate is 3.0836
The Tentative Millage Rate is 4.70%higher than the Roll-Back Rate.
The purpose for adopting the millage rate of 3.2285 is to maintain a level of ad valorem
tax revenue sufficient to maintain adequate funding for the existing level of services at
the estimated cost and to continue to maintain the City's infrastructure.
Mayor Glasser asked if there was anyone who wanted to speak if she were to reopen the Public
Hearing. Hearing no response,the Public Hearing was not reopened.
Ellen Glasser For
Bruce Bole (Seconded By) For
Michael Waters For
Candace Kelly For
Brittany Norris (Moved By) For
Regular City Commission
September 27,2021
Motion passed 5 to 0.
9 ACTION ON ORDINANCES
9A. Ordinance No. 20-21-161, Public Hearing and Final Reading on adoption of
Ordinance 20-21-161,establishing the Operating Budget for Fiscal Year 2021/2022.
AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE CITY OF ATLANTIC BEACH,
FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2021 AND ENDING SEPTEMBER
30, 2022.
Mayor Glasser read the Ordinance by title.
CM Corbin explained changes made to the previous budget presented to the
Commission.
Finance Director Burns reviewed a presentation regarding Fiscal Year 21-22 Budget
Hearing#2 (which is attached hereto and made part of this official record as Attachment
B).
Mayor Glasser opened the public hearing.
Jane Stevens spoke about being opposed to the last minute add-on of adding money to
the Atlantic Beach Elementary playground. She believes the City should take a long-
term look at what is best for all the children of Atlantic Beach. She explained, as a
member of the Cultural Arts and Recreation Committee, they are trying really hard to
balance everyone's needs.
Mayor Glasser closed the Public Hearing.
Commissioner Norris expressed concern about making last-minute add-ons to the budget
and did not support the process.
Mayor Glasser expressed the City has supported Atlantic Beach Elementary (ABE) for
many years. She explained future budget efforts should be closely looked at to support
ABE. She suggested bringing up ABE budget for discussion at a future meeting, and
suggested maybe adjusting the future budget to assist surrounding schools.
Commissioner Waters expressed any amount of money would be helpful to ABE.
Attachment B
MOTION: Adopt Ordinance No. 20-21-161, establishing the Operating Budget for Fiscal
Year 2021/2022 of$54,640,926.
Motion: Brittany Norris
Second: Candace Kelly
Regular City Commission
September 27,2021
Ellen Glasser For
Bruce Bole For
Michael Waters For
Candace Kelly (Seconded By) For
Brittany Norris (Moved By) For
Motion passed 5 to 0.
10 MISCELLANEOUS BUSINESS
10A. Charter Officers FY 20-21 Annual Performance Evaluations
DCM Hogencamp discussed the Charter Officers' Evaluations as detailed in the agenda
packet.
There was unanimous consensus to affirm the three Charter Officers.
10B. Report on results of Actuarial Valuation of Police and General Employee Pension
Funds.
Finance Director Burns spoke regarding the pension funds as detailed in the agenda
packet and presented a PowerPoint City of Atlantic Beach Actuarial Valuations as of
October 1, 2020 (which is attached hereto and made part of this official record as
Attachment C). Discussion ensued regarding the funding ratio.
Attachment C
10C. Recreation User Fees
Cultural Arts and Recreation Director Timmy Johnson presented a slide show about
Recreation User Fees and answered questions on how the fees were decided, cost
comparisons, where alcohol is allowed, and onsite security process.
CARD Johnson explained his recommendations and answered questions regarding the
application and approval process,condition of the facilities after use, and cost differences
between First Act and ABAA.
Commissioner Norris requested that staff provide the actual amount ABAA invests in
the Parks and a cost comparison of other local facilities.
Commissioner Bole would like to see the city manager decide on issues.
Mayor Glasser questioned how something is designated as a city event and wants to see
Veteran's Day and Memorial Day events supported by the Recreation Department. She
also spoke about the permitting survey.
Regular City Commission
September 27,2021
Commissioner Norris suggested having a standard process approved by the Commission
that would dictate how contracts are handled, instead of having each contract come to
the Commission for approval.
It was decided that an ordinance and other information requested come back to the
Commission after the survey is completed.
CARD Johnson answered questions about the Neptune Beach Senior Center.
11 CITY ATTORNEY/CITY CLERK REPORTS AND/OR REQUESTS
CA Durden expressed her gratitude for the comments in her evaluation and appreciated the
confidence the City has bestowed.
CC Bartle thanked the Commission for the pay raise. In addition, CC Bartle explained the
Commissioners would need to be present at 5:45 on October 11th for the group Commission
picture.
12 CLOSING COMMENTS BY CITY COMMISSIONERS AND CITY MANAGER
Commissioner Bole thanked our Charter employees for a great job.
Commissioner Kelly requested an update on child care center licensing.
CM Corbin thanked the Commission for a great year and is looking ahead to the fall festival for
employee appreciation.
Mayor Glasser said she is hoping to see and review the tree resolution soon. She asked about
the status of the ESC, looking into one of the Commission's priorities to establish reduction of
plastic use in City facilities, specifically the use of polystyrene and confetti. She referenced
legislation in Boca Raton as a reference. He asked CM Corbin to follow-up and place this topic
on the calendar for review.
13 ADJOURNMENT
There being no further discussion, Mayor Glasser declared the meeting adjourned at 8:30 p.m.
Attest:
47/44,2
Donna L. Bartle, City Clerk Ell ser, Mayor
Date Approved:
2/3/2 O z/
Regular City Commission
September 27,2021
Attachment A
9-27-21 Minutes
AMEN U
CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: Public Hearings on adopting Resolution No. 21-52 for the Millage Rate
and adopting Ordinance 20-21-161 establishing the Operating Budget for
fiscal year 2021/2022.
SUBMITTED BY: Melissa Burns, Director of Finance (10
TODAY'S DATE: September 14, 2021
MEETING DATE: September 27, 2021
BACKGROUND: In order to adopt a millage rate and operating budget,the City Commission
must adhere to a strict process per state law. Attached is an outline for the public hearings to be held on
September 27th in the Commission Chambers at 6:30pm. The format is the same as in previous years and
is to be read into the record as presented in order to assure compliance with the TRIM laws(s.200.065,
F.S.).
Prior to these hearings, the City Manager presented a Proposed Operating Budget; held two workshops
and discussions at regular Commission meetings to review and make adjustments to the budget with the
City Commission's guidance. The Proposed Operating Budget is funded using the millage rate of 3.2285
mills. This is the same as the current rate.
This is only public hearing required to adopt the millage by resolution and the second public hearing Ibr
the final adoption of the Operating Budget, Ordinance 20-21-161.
BUDGET:None
RECOMMENDATION: Hold two public hearings us described in the attached outline to approve
both the final Millage Rate of 3.2285 mills and the Operating Budget Ordinance 20-21-161 with total
expenditures of$54,640,926.
ATTACHMENT(S): Outline for Public Hearings
Resolution No.21-52
Ordinance 20-21-161
LINK: FY2022t'rppuscd I3utl_get-Online Version
w.:\424,62
ft
i
REVIEWED BY CITY MANAGER:
Attachment A
9-27-21 Minutes
ADOPTION OF THE FINAL MILLAGE RATE AND OPERATING BUDGET FOR
FISCAL YEAR 2021/2022
First item to be considered:
Adoption of the Millage Rate by Resolution 21-52
State the following:
The Tentative Millage Rate is 3.2285
The Roll—Back Rate is 3.0836
The Tentative Millage Rate is 4.70%higher than the Roll-Back Rate.
The purpose for adopting the millage rate of 3.2285 is to maintain a level of ad
valorem tax revenue sufficient to maintain adequate funding for the existing level
of services at the estimated cost and to continue to maintain the City's
infrastructure.
Open Public Hearing
Close Public Hearing
Motion to adopt a final Millage Rate for operating purposes of 3.2285
Discussion and Vote
Second item to be considered:
Ordinance 20-21-161 establishing the Operating Budget for fiscal year 2021/2022 of
54,640,926
Open a Public Hearing
Close Public Hearing
Motion to adopt Ordinance 20-21-161 establishing the Operating Budget for fiscal
year 2021/2022
Discussion and Vote
Attachment B
9-27-21 Minutes
40-
s
iJ * "
SS- Fiscal Year 21-22 Budget
Budget Hearing #2 .,„„
1,
Attachment B
9-27-21 Minutes
fs ATLANTIC BEACH
l V
CITY BUDGET PROCESS UNDER WAY;
HEARINGS SET FUR SEPT. 13, SEPT. 21
The City of Atlantic Beach is developing its budget for fiscal year
2021-22, which begins Oct. 1. 2021 Public input to City staff and the
City Commission is welcome throughout the process.
Here is the FY 2021-22 budget workshop and public hearing calendar,
which is subject to change:
July 22 Budget workshop; 6 p.m.
Aug. 19 Budget workshop; 6 p.m.
Sept. 13 First of two City Commission public hearings and votes on
the budget/millage rate
Sept. 27 Second of two City Commission public hearings and votes
on the budget/millage rate
FOR MORE INFORMATION, OR TO PROVIDE INPUT TO CITY STAFF, CALL 241.5804 OR EMAIL INFOOCOAB.US.
TO PROVE INPUT TO THE CITY COMMISSION, EMAIL EEECTEDOFFICIALS@COAB.US.
Attachment B
9-27-21 Minutes
ATLANTIC BEACH
18.
71,11 -
1
1
FY2022 BUDGET OVERVIEW
Millage remains at 3.2285
Personnel Includes:
3% wage increase
Police Department - 2 new officers
Requested Police Union Salary Adjustment
Public Works - 1 Park Ranger
Overall revenues increased 40.3% due to grant funding in the
Enterprise Funds and the American Rescue Plan Act funds.
Overall expenditures increase 26.8% due to investment in capital
outlay in the Enterprise Funds.
Attachment B
9-27-21 Minutes
ATLANTIC BEACH
FY2022 BUDGET WHAT'S CHANGED
Changed :
Added $5,000 to the Planning Department's budget as requested for the
Environmental Stewardship Committee*
Increased liability insurance costs — Previously a 10% increase was budgeted,
the actual increase is 13%.*
Included a Justice Administration Grant awarded to the Police Department;
increased both revenue and expenditures by $52,858.
Did not affect overall budget, was able to adjust expense/expenditures to off-set
Attachment B
9-27-21 Minutes
ATLANTIC BEACH
73
FY2022 BUDGET - FUND BALANCE
The City recently adopted a formal fund balance policy which stipulates that
there must be no less than 25% of budgeted operating expenditures in the
unassigned fund balance but no more than 50%.
The City already assigns (or reserves) 25% of operating expenditures to
ensure the compliance with the policy. It is projected that at the end of the
current fiscal year, the fund balance will be approximately 47% of operating
expenditures.
The City could continue to operate for a period of approximately 6 months in
during a time where no revenues were available i.e. after a disaster
Attachment C
9-27-21 Minutes
1474:
ATLANTIC BEACH
City of Atlantic Beach
Actuarial Valuations as of
October 1 , 2020
Attachment C
9-27-21 Minutes
ATLANTIC BEACH
1—,Y s r
Actuarial Valuation
Determines the City's Required Contribution to the Pension
Funds
Funding ration in relation to being 100% Funded
Change in an assumption — Ordinance No. 58-20-45 (General
Employees Pension ) and Ordinance No. 58-20-46 ( Police
Officers'Pension )increased the required minimum
distribution age from 70 1/2 to 72 to be compliance with the
change in the Internal Revenue Code
Affected the funding ration in both plans
Attachment C
9-27-21 Minutes
ATLANTIC BEACH
p.,..,
General Employees Pension
ACTUAR1AllV DETERMINED CONTRIBUTION(ADa
Currently funded at 90.6%
compared to 85.9% last year.
A. Valuation Date October1,Gttobet1,2020 October 1,2017
Ajter.4ssunWtion 8ejareAssUrnpnon
Change Change
Without the change in the plan B. ADC to Be Paid During
Filial Year Ending 9/30/2022 9/30/2022 9/30/2011
the funded ratio would have been C. Assumed Date(s)of Employer Contnbution Monthly Monthly Monthly
89.20 D. Annual Payment toAmortixe
Unfunded Actuarial Liability
if Paid on the Valuation Date 5 801,478 S 852,697 5 902.922
E Employer Nomtal Cost
including Administrative Expenses)
City's Actuarial Determined if Paid on the Valuation Date 192.509 197,591 225,474
F. ADC if Paid on the Valuation
Contribution (ADC) will be Date:D+E 993,987 1,050.288 1,12630.
1,099,876 in Fiscal Year 2021- G. ADC Adjstedrequencyof
Payments InterestandInterest to Required Time
of Contribution 1,099,876 L162,175 1,248604
2022 compared to $1,248,604 for
H. Payroll Expectedfor ConnbutionYear 1,425,306 1425,306 1,642562
Fiscal Year 2020-2021. i. ADC as%of Covered Payroll in
Contribution Year:G=H 77.17 % 81.54 % 7602 %
1. Acmanally Determined Contribution
if Paid on the First Day of the Contribution Year 1,061,080 1,121,182 1.204,562
Attachment C
9-27-21 Minutes
J
J '•-
5'-'''''%:);-;.,
ATLANTIC BEACHi
Police Officers'
i -
Pension
Currently funded at 87.4% compared ACM AP,,IALLYDETERMINEDCONTRIBUTION[ADC(
to 81.4% last year. Without the A. Valuation Date October 1,2020 Oct°ber1,2020 Odober1,2019
After Assurnpdon ReforeAss umpdon
change, the funded ratio would have Chonge Change
6. ADCto Be Paid During
been 85.00/
0
Fiscal Year Ending 903/2022 9/33,2022 3/)3JXJ21
C. Assumed Elvers)of[mployerContribution Monthly Monthly Monthly
City's Actuarial Determined D. Annual Payment tO Amort iae
Unfunded Actuarial liability
Contribution (ADC) will be $579,249 if Pa id on the Valuation Date S 249,047 S 277,742 5 336,395
E Employing Noma
in FY 2021-2022 compared to
Cost
including Expenses)
if Pa id on the Valuation 274,435 290,000 268045
668,499 for FY 2020-2021. F. Actua ria IN Determined Contribution(ADC)
it Pa id on the Valuation Date. D+C 523,482 557,742 604,140
The actuary will be doing an analysis G.ADC Adjusted for Frequencyof
Payments and Interest to Required Time
on the effect on the plan if the of Contribution 579,249 617,1 666,499
H. Covered Payrol for Contribution Year 1,952,035 1,952,005 1,853,464
multiplier goes from 2% to 3% which
I ADCas%of Expected Covered
Payroll Contribution 29.68 % 3162 %3607 %could affect the overall funded ratio.
J. Estimate of State Revenue in
Contribution Year' 136,427 136,427 272,454
K. Actuarially Determined Contribution
in Contribution Year 442,422 493,731 395,645
L ADECas%of Covered Payroll in
Contribution Year:K-H 22.69 % 24.67 %2130 %
M.Actuarially Determined Contribution
if Pa id on the First Dayof the Contnbut ion Year 427,202 463,775 381,693