HomeMy WebLinkAbout2016-0329 Joint Council-Parks PACKET
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CITY OF
ASHLAND
AGENDA FOR JOINT MEETING
ASHLAND CITY COUNCIL
ASHLAND PARKS & RECREATION COMMISSION
March 29, 2016
Council Chambers
1175 E. Main Street
5:30 p.m.
1. CALL TO ORDER
II. ROLL CALL
III. PUBLIC INPUT
IV. UPDATE ON SWIMMING POOL (MICHAEL BLACK)
V. UPDATE ON PERFORMANCE AUDIT (MICHAEL BLACK)
VI. UPDATE ON PERS (DAVE KANNER)
VII. FOOD & BEVERAGE TAX PROPOSAL (DAVE KANNER)
VIII. RECREATION DIVISION MOVE TO THE GROVE (MICHAEL BLACK)
IX. OTHER BUSINESS FROM THE COUNCIL AND PARKS COMMISSION
X. ADJOURNMENT
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this
meeting, please contact the City Administrator's office at (541) 488-6002 (TTY phone number 1-800-735-
2900). Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to
ensure accessibility to the meeting (28 CFR 35.102-35.104 ADA Title 1).
PERS Overview
March 29, 2016
I
City of Ashland
NEW
CURRENT RATE
PERS Categories RATE 11112017 INCREASE CHANGE
PERS General Service Tier 1 & 2 17.43% 21.27% 3.84% 22.0%
PERS Police & Fire Tier 1 & 2 20.89% 26.09% 5.20% 24.9%
OPSRP General Service 11.55% 14.00% 2.45% 21.2%
OPSRP Police & Fire 15.66% 18.80% 3.14% 20.1%
i
2013: 60% PERS, 40%OPSRP
Today: 42% PERS, 58% OPSRP
PEERS Rabe Change hWaCt COMPaFbM
PI*CiBd R*cAed IAC kW Pvajvdvd rtvv lbm P*cild
SANiM CMWd CGd S3WW PEGS COd P(17 saiaiw Pr tt PEES cod
FY2n7 PM10PSRP FY2916 2016 FYM19 2619
41313NLFI # 7,166,68 # 1,2iJO, # TXIA 6 3 1.6Q0,966 # 323jn # 7A57.GrA # 355.6!5 # 1,J532,965
CWG 21.114 2,117 ~ 21AN ~ 3`05 # 878 t 22,611 # 09 # 3,06
stREErRM SPUR 96.76 s 12DAID # DAM # 6mum # 26.6S ~ 122~M
CPF=d 199,,512 Km 213.533 # 13= # &RI # 2UAK # 9.371 # 41,157
m7m tm mm" 163SO # IJW2.= $ 2036150 # 3UN $ 1,Ot15 # # 207 13
V&%STLW%T®tnm 741141 97A K # 719= # t2l.= # 23.1 ~ 732,592 # 25" $ t23,1ro1
EUETWFU D AAKA6 732JW ! IJHw T # 2S6,SW # %.I= $ 11656, u # 61.976 # 291,667
1H.ECtl FLM 11%M 61,321 419= # 76,157 # 11,6366 $ 4u" # 16.3® $ 77,10
VF AWDA9 497.985 FWA78 # 129.9:1 3AJW # 132,693 # 636816
Ce11RALSS
116NR411CE sms fim 64M7 11266 WAS # 13,66 # 2.150 ~ 67.661 # 3.121 # 16255
EcAmplawfu D 291JM ASS ' 297N S # ;%1,567 # 16.611 3636631 # 11.732 # Win
PAtIMSAWRECHU7MRIFt= 2J131,W 276,166 $ 2,162.163 # 313,1125 # 66,119 $ 2:fl3W t 73.49 # 3WAS
PARMSCIPFL61D Stan 10,366 # skm S MAN $ 2,566 ; 61.99fi # 2,796 # 13,176
# 1T # t 17XW0 W 36M@,= # MOO # 'MM761 # 76MM $ 3.9t.00
Eai mpxtmTdm waqw Isim 19An 19.615
ponambrooOaHdoom neimmb 35R
M2015-2M eu 2017-2619
Elided am pEn 7ddeads $ 7, 1/6
emdwes+mvecwand'Aevvv pw
eves n~e®ea~!'~'~~A
The PERS Funding Equation
At the end of each calendar year, the PERS actuaries calculate the
system's funded status using the following basic equation:
B =C + E
BENEFITS =CONTRIBUTIONS + EARNINGS
present value of employer funds to pay future returns on
earned benefits pension benefits invested funds
Set by: Set by: Managed by:
Oregon Legislature PERS Board Oregon Investment Council
Every two years, the PERS Board adjusts contributions so that, over time,
those contributions will be sufficient to fund the benefits earned,
if earnings follow assumptions.
PERSE
System Funded Status and UAL in billions)
12/31/2013 12/31/2014
Actuarial liability $62.6 $73.5
Assets (excluding side accounts) 54.1 55.5
UAL (excluding side accounts) $ 8.5 $18.0
Funded status (excluding side accounts) 86% 76%
Side account assets $ 5.9 5.9
UAL (including side accounts) $ 2.6 $12.1
Funded status (including side accounts) 96% 84%
Sources of 2014 UAL Increase UAL Increase
Expected UAL increase during 2014 $0.2 B
2014 actual investment performance below assumption $0.2 B
Moro adjustment to projected benefits $5.1 B
Decrease in assumed return to 7.50% $1.7 B
Update to mortality assumption $1.8 B
All other assumption changes and actual experience $0.5 B
Total $9.5B
Milliman presentation; September 25, 2015 Board meeting ~C
PERSSM,
Problem: the "B" and "C+E" Don't Align
Present Value of Future Present Value of Future
Normal Cost - Actives: $7.5 Normal Cost -Actives: $7.5
OPSRP Active Members: $2.8 J
a
ier Two - Active Members: Present Value of Future W -
$6.4 UAL Contributions: $18.0 j m < 00
Tier One -Active Members: Q
$13.0_,: j Q J
c 6 OPSRP Employer Pool: .0
Tier One/ Tier Two
Inactive Members: $4.9 Member Accounts: $6.9 Z
} I-
F J ar
J Q ~ aZ►
Q J Tier Oneffier Two =
J W Employer Reserves: $22.8 to
H U
N N
Q Retired Members: $46.4 t
41
W 3
N c0i ~
U
Q Q G
a0
.i N
Tier Oneffier Two
Benefits in Force Reserve: ' m
$23.8 l
Dollars shown
in billions
Obligations ("B") As of 12-31-14 Resources ("C+E")
PEWE
Projected Benefit Payments
Tier One/Tier Two expected benefit payments by status as of 12/3112014
9,000 8,000 -
7,000 - -
6,000
r~
r
5,000
o
4,000 - -
c
0
3,000 '
2,000
1,000 - -
0
2015 2020 2025 2030 2035 2040 2045
Active ww= Inactive In Payment ----1213112013 Valuation
Milliman presentation; September 25, 2015 Board meeting
FtRSEj
F&B Tax proposal
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