Page 3 - Payment Authority News Today

In case there are delays in the transfer. Next shore view park. Ocii has obligations of the park until we can transfer it to the city. Accordingly rops 15 and 16a includes funds for Property Management and 1. 5 million for Capital Improvements and deferred maintenance. Next the western edition. As you know ocii has continued obligations as a Property Owner of portions of the Fillmore Heritage Center. Accordingly this rops include 200000 for payments to the operator of the Fillmore Heritage Cente...

From the prior here, and were allowing a small amount of increase for Retiree Health which is the other agency wide costs i am showing here. We spend a Million Dollars a year to the commitment for the retirees that we give the support for the health insurance. This is another look at the admin costs. Down by the more detailed break out of really the administrative support costs. You can see the salaries increasing by 7. 7 partly due to coalace the pension contributions and as i mentioned one add...

The pension up to full funding. Well, really calpers has decided and makes a lot of sense actually to split the two apart so in terms of percent of payroll it will go down to 9 but theyre going to charge a dollar amount and to bring it up to full funding requires the contribution regardless of how much staff we have and estimated that for 537,000. Its going to go up theyre phasing it in and go up over the next couple of years and then stabilize and go down hopefully. They give a discount if you ...

You in april i believe, the First Commission meeting in april. So about it says here about 47 of this administrative budget is coming from property tax in items one and seven and the other 53 is from were still using some of the taxable housing bonds for the staff costs related to housing that isnt reimbursed from other sources so while we still have that available were using that and there are other funds as well that help support over half of the costs developer reimbursements and charge staff...

Authority. Theyre delivering a turn key of this project and entered into the design can construction phase and thats how were delivering this i still see we need to restore the reserves of two 36,000 for again another set of unforeseen costs to go up. Yes. Construction is currently about 35 complete so there is still a ways to go before its finalized and typically you would budget so there is 600,000 say we decide on that. Then there is another two 36,000 that reserved part of that almost 600,00...

This announcement was via an office memorandum dated December 6, 2023 by the Ministry of Personnel, Public Grievances and Pensions.