HomeMy WebLinkAboutReso 2020-254RESOLUTION NO. 2020-254
RESOLUTION 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
WHEREAS, the City of Chula Vista has the need to establish a formal City Pension &
OPEB Reserve Fund Policy; and
WHEREAS, the goal of this Policy is to help mitigate future pension cost increases; and
WHEREAS, this policy amends the General Fund Reserve Policy – Fiscal Health Plan;
and
WHEREAS, pursuant to California Government Code Section 53607, the City Council
may delegate the authority to conduct pension & OPEB Reserve Fund activities of the City to the
Director of Finance/Treasurer on an annual basis.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista, that it adopts the City of Chula Vista Pension & OPEB Reserve Fund Policy and
Guidelines, and amends the existing General Fund Reserve Policy – Fiscal Health Plan (Policy
No. 220-03), each in the form presented, with such minor changes as may be required or
approved by the City Attorney;
BE IT FURTHER RESOLVED that the City Council delegates the authority to conduct
and supervise the Pension & OPEB Reserve Fund Activities of the City to the Director of
Finance/Treasurer, pursuant to the Pension & OPEB Reserve Fund Policy.
[SIGNATURES ON THE FOLLOWING PAGE]
DocuSign Envelope ID: 5C098180-3DD0-4403-BE44-9F5059DA52F5
Resolution No. 2020-254
Page No. 2
Presented by Approved as to form by
David Bilby, MSBA, CPFO Glen R. Googins
Director of Finance/Treasurer City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 3rd day of November 2020 by the following vote:
AYES: Councilmembers: Diaz, Galvez, McCann, Padilla, and Casillas Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Mary Casillas Salas, Mayor
ATTEST:
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2020-254 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 3rd day of November 2020.
Executed this 3rd day of November 2020.
Kerry K. Bigelow, MMC, City Clerk
DocuSign Envelope ID: 5C098180-3DD0-4403-BE44-9F5059DA52F5
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