Agenda packet — Buellton City Council, October 26, 2023 (part 2 of 2)

CalPERS Actuarial Valuation – June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 20 Discount Rate Sensitivity
The discount rate assumption is calculated as the sum of the assumed real rate of return and the assumed annual price inflation, currently 4.5% and 2.3%, respectively. Changing either the price inflation assumption or the real rate of return assumption will change the discount rate. The sensitivity of the valuation results to the discount rate assumption depends on which component of the discount rate is changed. Shown below are various valuation results as of June 30, 2022 assuming alternate discount rates by changing the two components independently. Results are shown using the current discount rate of 6.8% as well as alternate discount rates of

5.8% and 7.8%. The rates of 5.8% and 7.8% were selected since they illustrate the impact of a 1.0% increase or decrease to the 6.8% assumption.

Sensitivity to the Real Rate of Return Assumption
As of June 30, 2022 1% Lower
Real Return Rate
Current
Assumptions
1% Higher
Real Return Rate
Discount Rate 5.8% 6.8% 7.8%
Price Inflation 2.3% 2.3% 2.3%
Real Rate of Return 3.5% 4.5% 5.5%
a) Total Normal Cost 25.47% 20.24% 16.26%
b) Accrued Liability $12,420,848 $11,121,285 $10,029,988 c) Market Value of Assets $7,996,289 $7,996,289 $7,996,289 d) Unfunded Liability/(Surplus) [(b) - (c)] $4,424,559 $3,124,996 $2,033,699 e) Funded Ratio 64.4% 71.9% 79.7%
Sensitivity to the Price Inflation Assumption
As of June 30, 2022 1% Lower
Price Inflation
Current
Assumptions
1% Higher
Price Inflation
Discount Rate 5.8% 6.8% 7.8%
Price Inflation 1.3% 2.3% 3.3%
Real Rate of Return 4.5% 4.5% 4.5%
a) Total Normal Cost 21.25% 20.24% 18.46%
b) Accrued Liability $11,469,726 $11,121,285 $10,280,452 c) Market Value of Assets $7,996,289 $7,996,289 $7,996,289 d) Unfunded Liability/(Surplus) [(b) - (c)] $3,473,437 $3,124,996 $2,284,163 e) Funded Ratio 69.7% 71.9% 77.8%
Mortality Rate Sensitivity
The following table looks at the change in the June 30, 2022 plan costs and funded status under two different longevity scenarios, namely assuming post-retirementrates of mortality are 10% lower or 10% higher than our current mortality assumptions adopted in 2021. This type of analysis highlights the impact on the plan of a change in the mortality assumption.

As of June 30, 2022 10% Lower
Mortality Rates
Current
Assumptions
10% Higher
Mortality Rates
a) Total Normal Cost 20.59% 20.24% 19.92%
b) Accrued Liability $11,380,090 $11,121,285 $10,884,551 c) Market Value of Assets $7,996,289 $7,996,289 $7,996,289 d) Unfunded Liability/(Surplus) [(b) - (c)] $3,383,801 $3,124,996 $2,888,262 e) Funded Ratio 70.3% 71.9% 73.5%

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CalPERS Actuarial Valuation – June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 21 Maturity Measures
As pension plans mature they become more sensitive to risks . Understanding plan maturity and how it affects the ability of a pension plan sponsor to tolerate risk is important in understanding how the pension plan is impacted by investment return volatility, other economic variables, and changes in longevity or other demographic assumptions.

Since it is the employer that bears the risk, it is appropriate to perform this analysis on a pension plan level considering all rate plans. The following measures are for one rate plan only. One way to look at the maturity level of CalPERS and its plans is to look at the ratio of a plan’s retiree liability to its total liability. A pension plan in its infancy will have a very low ratio of retiree liability to total liability. As the pl an matures, the ratio starts increasing. A mature plan will often have a ratio above 60%-65%.

Ratio of Retiree Accrued Liability to
Total Accrued Liability June 30, 2021 June 30, 2022

1. Retired Accrued Liability $7,447,233 $7,662,827

2. Total Accrued Liability 10,566,496 11,121,285

3. Ratio of Retiree AL to Total AL [(1) / (2)] 0.70 0.69 Another measure of maturity level of CalPERS and its plans is to look at the ratio of actives to retirees, also called the support ratio. A pension plan in its infancy will have a very high ratio of active to retired members. As the plan matures and members retire, the ratio declines. A mature plan will often have a ratio near or b elow one.

To calculate the support ratio for the rate plan, retirees and beneficiaries receiving a continuance are each counted as one, even though they may have only worked a portion of their careers as an active member of this rate plan. For this reason, the support ratio, while intuitive, may be less informative than the ratio of retiree liability to total accrued liability above.

For comparison, the support ratio for all CalPERS public agency plans as of June 30, 2021, was 0.78 and was calculated consistently with how it is for the individual rate plan. Note that to calculate the support ratio for all public agency plans, a retiree with service from more than one CalPERS agency is counted as a retiree more than once.

Support Ratio June 30, 2021 June 30, 2022

1. Number of Actives 10 10

2. Number of Retirees 28 29

3. Support Ratio [(1) / (2)] 0.36 0.34

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CalPERS Actuarial Valuation – June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 22 Maturity Measures (continued)
The actuarial calculations supplied in this communication are based on various assumptions about long -term demographic and economic behavior. Unless these assumptions (e.g., terminations, deaths, disabilities, retirements, salary growth, investment return) are exactly realized each year, there will be differences on a yearto-year basis. The year-to-year differences between actual experience and the assumptions are called actuarial gains and losses and serve to lower or raise required employer contributions from one year to the next.

Therefore, employer contributions will inevitably fluctuate, especially due to the ups and downs of investment returns.

Asset Volatility Ratio
Shown in the table below is the asset volatility ratio (AVR), which is the ratio of market value of assets to payroll.

Plans that have higher AVR experience more volatile employer contributions (as a percentage of payroll) due to investment return. For example, a plan with AVR of 8 may experience twice the contribution volatility due to investment return volatility than a plan with AVR of 4. It should be noted that this ratio is a measure of the current situation. It increases over time but generally tends to stabilize as a plan matures.

Liability Volatility Ratio
Also shown in the table below is the liability volatility ratio (LVR), which is the ratio of accrued liability to payroll.

Plans that have a higher LVR experience more volatile employer contributions (as a percentage of payroll) due to changes in liability. For example, a plan with LVR of 8 is expected to have twice the contribution volatility of a plan with LVR of 4. It should be noted that this ratio indicates a longer-term potential for contribution volatility, since the AVR, described above, will tend to move closer to the LVR as the funded ratio approaches 100%.

Contribution Volatility June 30, 2021 June 30, 2022

1. Market Value of Assets $8,792,647 $7,996,289

2. Payroll 801,866 836,456

3. Asset Volatility Ratio (AVR) [(1) / (2)] 11.0 9.6

4. Accrued Liability $10,566,496 $11,121,285

5. Liability Volatility Ratio (LVR) [(4) / (2)] 13.2 13.3 Maturity Measures History
Valuation Date
Ratio of
Retiree Accrued Liability
to
Total Accrued Liability
Support Ratio
Asset
Volatility
Ratio
Liability
Volatility
Ratio
06/30/2017 0.47 0.79 6.2 8.1
06/30/2018 0.46 0.70 7.2 9.6
06/30/2019 0.62 0.48 10.5 14.1
06/30/2020 0.74 0.39 8.8 11.9
06/30/2021 0.70 0.36 11.0 13.2
06/30/2022 0.69 0.34 9.6 13.3

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CalPERS Actuarial Valuation – June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 23 Funded Status – Termination Basis
The funded status measured on a termination basis is an estimate of the financial position of the plan had the contract with CalPERS been terminated as of June 30, 2022. The accrued liability on a termination basis (termination liability) is calculated differently compared to the plan’s ongoing funding liability. For the termination liability calculation, both compensation and service are frozen as of the valuation date and no future pay increases or service accruals are assumed. This measure of funded status is not appropriate for assessing the need for future employer contributions in the case of an ongoing plan, that is, for an employer that continues to provide CalPERS retirement benefits to active employees. Unlike the actuarial cost method used for ongoing plans, the termination liability is the present value of the benefits earned through the valuation date.

A more conservative investment policy and asset allocation strategy was adopted by the board for the Terminated Agency Pool. The Terminated Agency Pool has limited funding sources since no future employer contributions will be made. Therefore, expected benefit payments are secured by risk-free assets and benefit security for members is increased while limiting the funding risk. However, this asset allocation has a lower expected rate of return than the PERF and consequently, a lower discount rate is assumed. The lower discount rate for the Terminated Agency Pool results in higher liabilities for terminated plans.

The effective termination discount rate will depend on actual market rates of return for risk-free securities on the date of termination. As market discount rates are variable, the table below shows a range for the hypothetical termination liability based on the lowest and highest interest rates observed during an approximate 19 -month period from 12 months before the valuation date to seven months after.

Discount Rate: 1.75%
Price Inflation: 2.50%
Discount Rate: 4.50%
Price Inflation: 2.75%
Market
Value of
Assets (MVA)
Termination
Liability1,2
Funded
Ratio
Unfunded
Termination
Liability
Termination
Liability1,2
Funded
Ratio
Unfunded
Termination
Liability
$7,996,289 $21,505,925 37.2% $13,509,636 $14,679,921 54.5% $6,683,632 1 The termination liabilities calculated above include a 5% contingency load. The contingency load and other actuarial assumptions can be found in Appendix A of the Section 2 report. 2 The discount rate used for termination valuations is a w eighted average of the 10-year and 30-year U.S. Treasury yields w here the weights are based on matching asset and liability durations as of the termination date. The discount rates used in the table are based on 20-year Treasury bonds, rounded to the nearest quarter percentage point, which is a good proxy for most plans. The 20-year Treasury yield w as 3.38% on June 30, 2022, the valuation date.

In order to terminate the plan, first contact our Pension Contract Services unit to initiate a Resolution of Intent to Terminate. The completed Resolution will allow the plan actuary to provide a preliminary termination valuation with a more up-to-date estimate of the plan liabilities. Before beginning this process, please consult with the plan actuary.

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CalPERS Actuarial Valuation – June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 24 Participant Data
The table below shows a summary of the plan’s member data upon which this valuation is based:

June 30, 2021 June 30, 2022
Active Members
Counts 10 10
Average Attained Age 54.1 55.1
Average Entry Age to Rate Plan 42.7 42.7
Average Years of Credited Service 11.5 12.5
Average Annual Covered Pay $80,187 $83,646
Annual Covered Payroll $801,866 $836,456
Present Value of Future Payroll $6,032,934 $5,878,954
Transferred Members 5 4
Separated Members 6 6
Retired Members and Beneficiaries*
Counts 28 29
Average Annual Benefits $22,655 $22,960
Total Annual Benefits $634,332 $665,839
Counts of members included in the valuation are counts of the records processed by the valuation. Multiple records may exist for those who have service in more than one valuation group. This does not result in double counting of liabilities.
* Values include community property settlements.

List of Class 1 Benefit Provisions
This plan has the additional Class 1 Benefit Provisions:
• One Year Final Compensation (FAC 1)
• Post-Retirement Survivor Allowance (PRSA)

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CALPERS ACTUARIAL VALUATION - June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 25 Plan’s Major Benefit Options
Shown below is a summary of the major optional benefits for which the agency has contracted. A description of principal standard and optional plan provisions is in Section 2.

Benefit Group
Member Category Misc Misc
Demographics
Actives Yes No
Transfers/Separated Yes No
Receiving Yes Yes
Benefit Group Key 106595 112803
Benefit Provision
Benefit Formula 2% @ 55
Social Security Coverage No
Full/Modified Full
Employee Contribution Rate 7.00%
Final Average Compensation Period One Year
Sick Leave Credit Yes
Non-Industrial Disability Improved
Industrial Disability No
Pre-Retirement Death Benefits
Optional Settlement 2 Yes
1959 Survivor Benefit Level No
Special No
Alternate (firefighters) No
Post-Retirement Death Benefits
Lump Sum $2000 $2000
Survivor Allowance (PRSA) Yes Yes
COLA 2% 2%

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CALPERS ACTUARIAL VALUATION - June 30, 2022
Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 26 Section 2
CAL I F O RNI A P UBL I C EM P L O YEES ’ RET I REM EN T S YS T EM Risk Pool Actuarial Valuation Information
Section 2 may be found on the
CalPERS website (www.calpers.ca.gov)
in the Forms and Publications section

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California Public Employees’ Retirement System
Actuarial Office
400 Q Street, Sacramento, CA 95811 | Phone: (916) 795-3000 | Fax: (916) 795-2744 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 | www.calpers.ca.gov July 2023
PEPRA Miscellaneous Plan of the City of Buellton (CalPERS ID: 7472860304) Annual Valuation Report as of June 30, 2022
Dear Employer,
Attached to this letter is the June 30, 2022 actuarial valuation report for the rate plan noted above. Provided in this report is the determination of the minimum required employer contributions for fiscal year (FY) 2024-25. In addition, the report contains important information regarding the current financial status of the plan as well as projections and risk measures to aid in planning for the future.

Because this plan is in a risk pool, the following valuation report has been separated into two sections:
• Section 1 contains specific information for the plan including the development of the current and projected employer contributions, and
• Section 2 contains the Risk Pool Actuarial Valuation appropriate to the plan as of June 30, 2022.

Section 2 can be found on the CalPERS website (www.calpers.ca.gov). From the home page, go to “Forms & Publications” and select “View All”. In the search box, enter “Risk Pool” and from the results list download the Miscellaneous Risk Pool Actuarial Valuation Report for June 30, 2022.

Actuarial valuations are based on assumptions regarding future plan experience including investment return and payroll growth, eligibility for the types of benefits provided, and longevity among retirees. The CalPERS Board of Administration (board) adopts these assumptions after considering the advice of CalPERS actuarial and investment teams and other professionals. Each actuarial valuation reflects all prior differences between actual and assumed experie nce and adjusts the contribution requirements as needed. This valuation is based on an investment return assumption of 6.8%, which was adopted by the board in November 2021. Other assumptions used in this report are those recommended in the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021.

Required Contributions
The table below shows the minimum required employer contributions and the PEPRA member contribution rate for FY 2024-25 along with estimates of the required contributions for FY 2025-26. Employee contributions other than cost sharing (whether paid by the employer or the employee) are in addition to the results shown below. The required employer contributions in this report do not reflect any cost sharing arrangement between the agency and the employees.

Fiscal Year Employer Normal
Cost Rate
Employer Amortization of
Unfunded Accrued Liability
PEPRA Member
Contribution Rate
2024-25 8.18% $2,994 8.25%
Projected Results
2025-26 8.2% $4,600 TBD

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PEPRA Miscellaneous Plan of the City of Buellton
(CalPERS ID: 7472860304)
Annual Valuation Report as of June 30, 2022

Page 2 ends

The actual investment return for FY 2022-23 was not known at the time this report was prepared. The projections above assume the investment return for that year would be 6.8%. To the extent the actual investment return for FY 2022- 23 differs from 6.8%, the actual contribution requirements for FY 2025-26 will differ from those shown above.

For additional details regarding the assumptions and methods used for these projections,please refer to the “Projected Employer Contributions” in the “Highlights and Executive Summary” section. This section also contains projected required contributions through FY2029-30.

Changes from Previous Year’s Valuations
There are no significant changes in actuarial assumptions or policies in the 2022 actuarial valuation. There may be changes specific to the plan such as contract amendments and funding changes.

Further descriptions of general changes are included in “Highlights and Executive Summ ary” and in Appendix A of the Section 2 report in “Actuarial Methods and Assumptions.” The effects of any changes on the required contributions are included in “Reconciliation of Required Employer Contributions,” also in the Section 2 report.

Questions
A CalPERS actuary is available to answer questions about this report. Other questions may be directed to the Customer Contact Center at (888)-CalPERS or (888-225-7377).

Sincerely,

SCOTT TERANDO, ASA, EA, MAAA, FCA, CFA
Chief Actuary, CalPERS

RANDALL DZIUBEK, ASA, MAAA
Deputy Chief Actuary, Valuation Services, CalPERS

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Actuarial Valuation
as of June 30, 2022
for the
PEPRA Miscellaneous Plan
of the
City of Buellton
(CalPERS ID: 7472860304)
Required Contributions
for Fiscal Year
July 1, 2024 - June 30, 2025

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Table of Contents
Section 1 – Plan Specific Information
Section 2 – Risk Pool Actuarial Valuation Information

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Section 1
CAL I F O RNI A P UBL I C EM P L O YEES ’ RET I REM ENT S YS T EM Plan Specific Information
for the
PEPRA Miscellaneous Plan
of the
City of Buellton
(CalPERS ID: 7472860304)
(Rate Plan ID: 26369)

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Rate Plan belonging to the Miscellaneous Risk Pool
Table of Contents
Actuarial Certification 1
Highlights and Executive Summary
Introduction 3
Purpose of Section 1 3
Required Contributions 4
Additional Discretionary Employer Contributions 5
Funded Status – Funding Policy Basis 6
Projected Employer Contributions 7
Other Pooled Miscellaneous Risk Pool Rate Plans 8
Cost 9
Changes Since the Prior Year’s Valuation 10
Subsequent Events 10
Assets and Liabilities
Breakdown of Entry Age Accrued Liability 12
Allocation of Plan’s Share of Pool’s Experience/Assumption Change 12 Development of Plan’s Share of Pool’s Market Value of Assets 12 Schedule of Amortization Bases 13
Amortization Schedule and Alternatives 14
Employer Contribution History 16
Funding History 16
Risk Analysis
Future Investment Return Scenarios 18
Discount Rate Sensitivity 19
Mortality Rate Sensitivity 19
Maturity Measures 20
Maturity Measures History 21
Funded Status – Termination Basis 22
Participant Data 23
List of Class 1 Benefit Provisions 23
Plan’s Major Benefit Options 24
PEPRA Member Contribution Rates 25

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 1 Actuarial Certification
To the best of our knowledge, this report, comprised of Sections 1 and 2, is complete and accurate and contains sufficient information to disclose, fully and fairly, the funded condition of the PEPRA Miscellaneous Plan of the City of Buellton and satisfies the actuarial valuation requirements of Government Code section 7504. This valuation is based on the member and financial data as of June 30, 2022 provided by the various CalPERS databases and the benefits under this plan with CalPERS as of the date this report was produced. Section 1 of this report is based on the member and financial data for City of Buellton, while Section 2 is based on the corresponding information for all agencies participating in the Miscellaneous Risk Pool to which the plan belongs.

As set forth in Section 2 of this report, the pool actuaries have certified that, in their opinion, the valuation of the Miscellaneous Risk Pool has been performed in accordance with generally accepted actuarial principles, in accordance with standards of practice prescribed by the Actuarial Standards Board, and that the assumptions and methods are internally consistent and reasonable for the risk pool as of the date of this valuation and as prescribed by the CalPERS Board of Administration according to provisions set forth in the California Public Employees’ Retirement Law.

Having relied upon the information set forth in Section 2 of this report and based on the census and benefit provision information for the rate plan, it is my opinion as the plan actuary that the Unfunded Accrued Liability amortization bases as of June 30, 2022 and employer contribution as of July 1, 2024 have been properly and accurately determined in accordance with the principles and standards stated above.

The undersigned is an actuary who satisfies the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States with regard to pensions.

BILL KARCH, ASA, MAAA
Supervising Actuary, CalPERS

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Highlights and Executive Summary
• Introduction
• Purpose of Section 1
• Required Contributions
• Additional Discretionary Employer Contributions
• Funded Status – Funding Policy Basis
• Projected Employer Contributions
• Other Pooled Miscellaneous Risk Pool Rate Plans
• Cost
• Changes Since the Prior Year’s Valuation
• Subsequent Events

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 3 Introduction
This report presents the results of the June 30, 2022 actuarial valuation of the PEPRA Miscellaneous Plan of the City of Buellton of the California Public Employees’ Retirement System (CalPERS). This actuarial valuation sets the minimum required contributions for fiscal year (FY) 2024-25.

Purpose of Section 1
This Section 1 report for the PEPRA Miscellaneous Plan of the City of Buellton of CalPERS was prepared by the Actuarial Office using data as of June 30, 2022. The purpose of the valuation is to:
• Set forth the assets and accrued liabilities of this rate plan as of June 30, 2022; • Determine the minimum required employer contributions for this rate plan for FY July 1, 2024 through June 30, 2025;
• Determine the required member contribution rate for FY July 1, 2024 through June 30, 2025 for employees subject to the California Public Employees' Pension Reform Act of 2013 (PEPRA); and • Provide actuarial information as of June 30, 2022 to the CalPERS Board of Administration (board) and other interested parties.

The pension funding information presented in this report should not be used in financial reports subject to Governmental Accounting Standards Board (GASB) Statement No. 68 for a Cost Sharing Employer Defined Benefit Pension Plan. A separate accounting valuation report for such purposes is available on the CalPERS website (www.calpers.ca.gov).

The measurements shown in this actuarial valuation may not be applicable for other purposes. The agency should contact the plan actuary before disseminating any portion of this report for any reason that is not explicitly described above.

Future actuarial measurements may differ significantly from the current measurements presented in this report due to such factors as the following: plan experience differing from that anticipated by the economic or demographic assumptions; changes in economic or demographic assumptions; changes in actuarial policies; changes in plan provisions or applicable law; and differences between the required contributions determined by the valuation and the actual contributions made by the agency.

Assessment and Disclosure of Risk
This report includes the following risk disclosures consistent with the guidance of Actuarial Standard of Practice No. 51 and recommended by the California Actuarial Advisory Panel (CAAP) in the Model Disclosure Elements document:
• A “Scenario Test,” projecting future results under different investment income returns. • A “Sensitivity Analysis,” showing the impact on current valuation results using alternative discount rates of 5.8% and 7.8%.
• A “Sensitivity Analysis,” showing the impact on current valuation results assuming rates of mortality are 10% lower or 10% higher than our current post-retirement mortality assumptions adopted in 2021. • Plan maturity measures indicating how sensitive a plan may be to the risks noted above.

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 4 Required Contributions
Fiscal Year
Required Employer Contributions 2024-25
Employer Normal Cost Rate 8.18%
Plus
Required Payment on Amortization Bases1 $2,994
Paid either as
1) Monthly Payment $249.50
Or
2) Annual Prepayment Option* $2,897
Required PEPRA Member Contribution Rate 8.25%
The total minimum required employer contribution is the sum of the Plan’s Employer Normal Cost Rate (expressed as a percentage of payroll and paid as payroll is reported) plus the Employer Unfunded Accrued Liability (UAL) Contribution Amount (billed monthly (1) or prepaid annually (2) in dollars). * Only the UAL portion of the employer contribution can be prepaid (which must be received in full no later than July 31).

For additional detail regarding the determination of the required contribution rate for PEPRA members, see “PEPRA Member Contribution Rates” section.

Fiscal Year Fiscal Year
2023-24 2024-25
Development of Normal Cost as a Percentage of Payroll
Base Total Normal Cost for Formula 15.43% 15.62%
Surcharge for Class 1 Benefits 2
a) PRSA 0.82% 0.81%
Phase out of Normal Cost Difference3 0.00% 0.00%
Plan’s Total Normal Cost 16.25% 16.43%
Offset Due to Employee Contributions 8.25% 8.25%
Employer Normal Cost Rate 8.00% 8.18%
1 The required payment on amortization bases does not take into account any additional discretionary payment made after April 28, 2023.
2 Section 2 of this report contains a list of Class 1 benefits and corresponding surcharges. 3 When a rate plan joins the pool, the difference in normal cost betw een the pool and the rate plan is phased out over a fiveyear period in accordance with the CalPERS contribution allocation policy.

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 5 Additional Discretionary Employer Contributions
The minimum required employer contribution towards the Unfunded Accrued Liability (UAL) for this rate plan for FY 2024-25 is $2,994. CalPERS allows agencies to make additional discretionary payments (ADPs) at any time and in any amount. These optional payments serve to reduce the UAL and future required contributions and can result in significant long-term savings. Agencies can also use ADPs to stabilize annual contributions as a fixed dollar amount, percent of payroll or percent of revenue.

Provided below are select ADP options for consideration. Making such an ADP during FY 2024-25 does not require an ADP be made in any future year, nor does it change the remaining amortization period of any portion of unfunded liability. For information on permanent changes to amortization periods, see the “Amortization Schedule and Alternatives” section of the report.

Agencies considering making an ADP should contact CalPERS for additional information.

Minimum Required Employer Contribution for Fiscal Year 2024-25 Estimated
Normal Cost
Minimum UAL
Payment
ADP Total UAL
Contribution
Estimated Total
Contribution
$97,889 $2,994 $0 $2,994 $100,883
The minimum required contribution above is less than interest on the UAL. With no ADP the UAL is projected to increase over the following year. If the minimum UAL payment were split between interest and principal, the principal portion would be negative. This situation is referred to as negative amortization. If only the minimum required contribution is made, contributions are not expected to exceed interest on the UAL until FY 2027-28, as shown in the “Amortization Schedule and Alternatives” s ection of the report (see columns labeled “Current Amortization Schedule”).

Fiscal Year 2024-25 Employer Contribution Necessary to Avoid Negative Amortization Estimated
Normal Cost
Minimum UAL
Payment
ADP1 Total UAL
Contribution
Estimated Total
Contribution
$97,889 $2,994 $3,033 $6,027 $103,916

Alternative Fiscal Year 2024-25 Employer Contributions for Greater UAL Reduction Funding
Horizon
Estimated
Normal Cost
Minimum UAL
Payment
ADP1 Total UAL
Contribution
Estimated Total
Contribution
20 years $97,889 $2,994 $5,243 $8,237 $106,126
15 years $97,889 $2,994 $6,615 $9,609 $107,498
10 years $97,889 $2,994 $9,509 $12,503 $110,392
5 years $97,889 $2,994 $18,507 $21,501 $119,390
1 The ADP amounts are assumed to be made in the middle of the fiscal year. A payment made earlier or later in the fiscal year w ould have to be less or more than the amount show n to have the same effect on the UAL amortization.

Note that the calculations above are based on the projected UAL as of June 30, 2024 as determined in the June 30, 2022 actuarial valuation. New unfunded liabilities can emerge in future years due to assumption or method changes, changes in plan provisions , and actuarial experience different than assumed. Making an ADP illustrated above for the indicated number of years will not result in a plan that is exactly 100 % funded in the indicated number of years. Valuation results will vary from one year to the next and can diverge significantly from projections over a period of several years .

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 6 Funded Status – Funding Policy Basis
The table below provides information on the current funded status of the plan under the funding policy. The funded status for this purpose is based on the market value of assets relative to the funding target produced by the entry age actuarial cost method and actuarial assumptions adopted by the board. The actuarial cost method allocates the total expected cost of a member’s projected benefit (Present Value of Benefits) to individual years of service (the Normal Cost). The value of the projected benefit that is not allocated to future service is referred to as the Accrued Liability and is the plan’s funding target on the valuation date. The Unfunded Accrued Liability (UAL) equals the funding target minus the assets. The UAL is an absolute measure of funded status and can be viewed as employer debt. The funded ratio equals the assets divided by the funding target. The funded ratio is a relative measure of the funded status and allows for comparisons between plans of different sizes.

A funded ratio of 100% (UAL of $0) implies that the funding of the plan is on target and that future contributions equal to the normal cost of the active plan members will be sufficient to fully fund all retirement benefits if future experience matches the actuarial assumptions. A funded ratio of less than 100% (positive UAL) implies that in addition to normal costs, payments toward the UAL will be required. Plans with a funded ratio greater than 100% have a negative UAL (or surplus) but are required under current law to continue contributing the normal cost in most cases, preserving the surplus for future contingencies.

Calculations for the funding target reflect the expected long-term investment return of 6.8%. If it were known on the valuation date that future investment returns will average something greater/less than the expected return, calculated normal costs and accrued liabilities provided in this report would be less/greater than the results shown. Therefore, for example, if actual average future returns are less than the expected return, calculated normal costs and UAL contributions will not be sufficient to fully fund all retirement benefits. Under this scenario, required future normal cost contributions will need to increase from those provided in this report, and the plan will develop unfunded liabilities that will also add to required future contributions. For illustrative purposes, funded statuses based on a 1% lower and higher average future investment return (discount rate) are as follows:

The “Risk Analysis” section of the report provides additional information regarding the sensitivity of valuation results to the expected investment return and other factors. Also provided in that section are measures of funded status that are appropriate for assessing the sufficiency of plan assets to cover estimated termination liabilities.

June 30, 2021 June 30, 2022

1. Present Value of Benefits $1,922,404 $2,432,671

2. Entry Age Accrued Liability 718,571 934,332

3. Market Value of Assets (MVA) 768,002 832,204

4. Unfunded Accrued Liability (UAL) [(2) – (3)] ($49,431) $102,128

5. Funded Ratio [(3) / (2)] 106.9% 89.1%
1% Lower
Average Return
Current
Assumption
1% Higher
Average Return
Discount Rate 5.8% 6.8% 7.8%

1. Entry Age Accrued Liability $1,148,775 $934,332 $768,174

2. Market Value of Assets (MVA) 832,204 832,204 832,204

3. Unfunded Accrued Liability (UAL) [(1) – (2)] $316,571 $102,128 ($64,030)

4. Funded Ratio [(2) / (1)] 72.4% 89.1% 108.3%

Page 171 of 239 ends

CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 7 Projected Employer Contributions
The table below shows the required and projected employer contributions (before cost sharing) for the next six fiscal years. The projection assumes that all actuarial assumptions will be realized and that no further changes to assumptions, contributions, benefits, or funding will occur during the projection period. In particular, the investment return beginning with FY 2022-23 is assumed to be 6.80% per year, net of investment and administrative expenses. Future contribution requirements may differ significantly from those shown below. The actual long-term cost of the plan will depend on the actual benefits and expenses paid and the actual investment experience of the fund.

Required
Contribution
Projected Future Employer Contributions
(Assumes 6.80% Return for Fiscal Year 2022-23 and Beyond) Fiscal Year 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 Rate Plan 26369 Results
Normal Cost % 8.18% 8.2% 8.2% 8.2% 8.2% 8.2%
UAL Payment $2,994 $4,600 $6,300 $7,900 $9,600 $9,600
For ongoing plans, investment gains and losses are amortized using a 5-year ramp up. For more information, please see “Amortization of the Unfunded Actuarial Accrued Liability” under “Actuarial Methods” in Appendix A of the Section 2 Report. This method phases in the impact of the change in UAL over a 5-year period in order to reduce employer cost volatility from year to year. As a result of this methodology, dramatic changes in the required employer contributions in any one year are less likely. However, required contributions can change gradually and significantly over the next five years. In years when there is a large investment loss, the relatively small amortization payments during the ramp up period could result in contributions that are less than interest on the UAL (i.e. negative amortization) while the contribution impact of the increase in the UAL is phased in.

The required contribution for FY 2024-25 is less than interest on the UAL, a situation referred to as negative amortization, as explained in the “Additional Discretionary Employer Contributions” section earlier in this report.

If only the minimum required contribution is made, contributions are not expected to exceed interest on the UAL until FY 2027-28, as shown in the “Amortization Schedule and Alternatives” section of the report (see columns labelled “Current Amortization Schedule”).

For projected contributions under alternate investment return scenarios, please see the “Future Investment Return Scenarios” in the “Risk Analysis” section. Our online pension plan projection tool, Pension Outlook, is available in the Employers section of the CalPERS website. Pension Outlook can help plan and budget pension costs under various scenarios.

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 8 Other Pooled Miscellaneous Risk Pool Rate Plans
All of the results presented in this Section 1 report, except those shown on this page, correspond to rate plan 26369. In many cases, employers have additional rate plans within the same risk pool. For cost analysis and budgeting it is useful to consider contributions for these rate plans as a whole rather than individually. The estimated contribution amounts and rates for all of the employer’s rate plans in the Miscellaneous Risk Pool are shown below and assume that the total employer payroll within the Miscellaneous Risk Pool will grow according to the overall payroll growth assumption of 2.80% per year for three years. In a refinement since the prior year’s report, Classic members who are projected to terminate employment are assumed to be replaced by PEPRA members.

Fiscal Year Fiscal Year
2023-24 2024-25
Estimated Combined Employer Contributions for all Pooled Miscellaneous Rate Plans Projected Payroll for the Contribution Year $1,751,123 $1,942,791 Estimated Employer Normal Cost $185,911 $197,195
Required Payment on Amortization Bases $198,158 $49,844 Estimated Total Employer Contributions $384,069 $247,039 Estimated Total Employer Contribution Rate (illustrative only) 21.93% 12.72%

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 9 Cost
Actuarial Determination of Plan Cost
Contributions to fund the plan are comprised of two components:
• Normal Cost, expressed as a percentage of total active payroll • Amortization of the Unfunded Accrued Liability (UAL), expressed as a dollar amount For fiscal years prior to 2015-16, the Amortization of UAL component was expressed as a percentage of total active payroll. Starting with FY 2015-16, the Amortization of UAL component was expressed as a dollar amount and invoiced on a monthly basis. There is an option to prepay this amount during July of each fiscal year.

The Normal Cost component is expressed as a percentage of active payroll with employer and employee contributions payable as part of the regular payroll reporting process.

The determination of both components requires complex actuarial calculations. The calculations are based on a set of actuarial assumptions which can be divided into two categories:
• Demographic assumptions (e.g., mortality rates, retirement rates, employment termination rates, disability rates)
• Economic assumptions (e.g., future investment earnings, inflation, salary growth rates) These assumptions reflect CalPERS’ best estimate of future experience of the plan and are long term in nature.

We recognize that all assumptions will not be realized in any given year. For example, the investment earnings at CalPERS have averaged 6.9% over the 20 years ending June 30, 2022, yet individual fiscal year returns have ranged from -23.6% to +21.3%. In addition, CalPERS reviews all actuarial assumptions by conducting in-depth experience studies every four years, with the most recent experience study completed in 2021.

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 10 Changes Since the Prior Year’s Valuation
Benefits
The standard actuarial practice at CalPERS is to recognize mandated legislative benefit changes in the first annual valuation following the effective date of the legislation. Voluntary benefit changes by plan amendment are generally included in the first valuation that is prepared after the amendment becomes effective, even if the valuation date is prior to the effective date of the amendment.

This valuation generally reflects plan amendments effective before the date of the report. Please refer to the “Plan’s Major Benefit Options” in this report and Appendix B of the Section 2 Report for a summary of the plan provisions used in this valuation.

In 2022, SB 1168 increased the standard retiree lump sum death benefit from $500 to $2,000 for any death occurring on or after July 1, 2023. For pooled plans this is a Class 3 benefit and there is no normal cost surcharge.

The impact on the unfunded liability is included in the pool’s (gain)/loss.

Actuarial Methods and Assumptions
There are no significant changes to the actuarial methods or assumptions for the June 30, 2022 actuarial valuation.

Subsequent Events
This actuarial valuation report reflects fund investment return through June 30, 2022 and statutory/regulatory changes and board actions through January 2023.

During the time period between the valuation date and the publication of this report, inflation has been significantly higher than the expected inflation of 2.3% per annum. Since inflation influences cost-of-living increases for retirees and beneficiaries and active member pay increases, higher inflation is likely to put at least some upward pressure on contribution requirements and downward pressure on the funded status in the June 30, 2023 valuation. The actual impact of higher inflation on future valuation results will depend on, among other factors, how long higher inflation persists. At this time, we continue to believe the long-term inflation assumption of 2.3% is appropriate.

To the best of our knowledge, there have been no other subsequent events that could materially affect current or future certifications rendered in this report.

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Assets and Liabilities
• Breakdown of Entry Age Accrued Liability
• Allocation of Plan’s Share of Pool’s Experience/Assumption Change • Development of Plan’s Share of Pool’s Market Value of Assets • Schedule of Amortization Bases
• Amortization Schedule and Alternatives
• Employer Contribution History
• Funding History

Page 176 of 239 ends

CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 12 Breakdown of Entry Age Accrued Liability
Active Members $925,477
Transferred Members 5,562
Separated Members 3,293
Members and Beneficiaries Receiving Payments 0
Total $934,332
Allocation of Plan’s Share of Pool’s Experience/Assumption Change
It is the policy of CalPERS to ensure equity within the risk pools by allocating the pool’s experience gains/losses and assumption changes in a manner that treats each employer equitably and maintains benefit security for the members of the System while minimizing substantial variations in employer contributions. The Pool’s experience gains/losses and impact of assumption/method changes is allocated to the plan as follows:

1. Plan’s Accrued Liability $934,332

2. Projected UAL Balance at 6/30/2022 (41,344)

3. Other UAL Adjustments (Golden Handshake, Prior Service Purchase, etc.) 0

4. Adjusted UAL Balance at 6/30/2022 for Asset Share (41,343)

5. Pool’s Accrued Liability1 22,021,735,002

6. Sum of Pool’s Individual Plan UAL Balances at 6/30/20221 2,453,954,297

7. Pool’s 2021-22 Investment (Gain)/Loss1 2,614,071,182

8. Pool’s 2021-22 Non-Investment (Gain)/Loss1 309,490,972

9. Plan’s Share of Pool’s Investment (Gain)/Loss: [(1) - (4)] ÷ [(5) - (6)] × (7) 130,341

10. Plan’s Share of Pool’s Non-Investment (Gain)/Loss: (1) ÷ (5) × (8) 13,131

11. Plan’s New (Gain)/Loss as of 6/30/2022:(9) + (10) 143,472

12. Increase in Pool’s Accrued Liability due to Change in Assumptions1 0

13. Plan’s Share of Pool’s Change in Assumptions: (1) ÷ (5) × (12) 0

14. Increase in Pool’s Accrued Liability due to Funding Risk Mitigation1 0

15. Plan’s Share of Pool’s Change due to Funding Risk Mitigation: (1) ÷ (5) × (14) 0

16. Offset due to Funding Risk Mitigation 0

17. Plan’s Investment (Gain)/Loss: (9) – (16) 130,341

18. Partial Fresh Start Base: (2) + (17) 88,997
1 Does not include plans that transferred to Pool on the valuation date.

Development of the Plan’s Share of Pool’s Market Value
of Assets

19. Plan’s UAL: (2) + (3) + (11) + (13) + (15) $102,128

20. Plan’s Share of Pool’s MVA: (1) - (19) $832,204

Page 177 of 239 ends

CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 13 Schedule of Amortization Bases
Below is the schedule of the plan’s amortization bases. Note that there is a two-year lag between the valuation date and the start of the contribution year. • The assets, liabilities, and funded status of the plan are measured as of the valuation date: June 30, 2022. • The required employer contributions determined by the valuation are for the fiscal year beginning two years after the valuati on date: FY 2024-25.

This two-year lag is necessary due to the amount of time needed to extract and test the membership and financial data, and the need to provide public agencies with their required employer contribution well in advance of the start of the fiscal year.

The Unfunded Accrued Liability (UAL) is used to determine the employer contribution and therefore must be rolled forward two years from the valuation date to the first day of the fiscal year for which the contribution is being determined. The UAL is rolled forward each year by subtracting the expected payment on the UAL for the fiscal year and adjusting for interest. The expected payment for the first fiscal year is determined by the actuarial valuation two years ago and the contribution for the second year is from the actuarial valuation one year ago. Additional discretionary payments are reflected in the Expected Payments column in the fiscal year they were made by the agency.

Reason for Base
Date
Est.

Ramp
Level
2024-25
Ramp
Shape
Escalation
Rate
Amort.

Period
Balance
6/30/22
Expected
Payment
2022-23
Balance
6/30/23
Expected
Payment
2023-24
Balance
6/30/24
Minimum
Required
Payment
2024-25
Non-Investment (Gain)/Loss 6/30/22 No Ramp 0.00% 20 13,131 0 14,024 0 14,978 1,347 Partial Fresh Start 6/30/22 20% Up Only 0.00% 20 88,997 22,554 71,741 0 76,619 1,647 Total 102,128 22,554 85,765 0 91,597 2,994
The (gain)/loss bases are the plan’s allocated share of the risk pool’s (gain)/loss for the fiscal year as disclosed in “Allo cation of Plan’s Share of Pool’s Experience/Assumption Change” earlier in this section. These (gain)/loss bases will be amortized in accordance with the CalPERS amortization policy in effect at the time the base was established.

The partial fresh start base established June 30, 2022 is the sum of the UAL balance from the June 30, 2021 valuati on (projected to June 30, 2022) and the June 30, 2022 investment loss, as shown on the previous page.

Page 178 of 239 ends

CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 14 Amortization Schedule and Alternatives
The amortization schedule on the previous page(s) shows the minimum contributions required according to the CalPERS amortization policy. Many agencies have expressed a desire for a more stable pattern of payments or have indicated interest in paying off the unfunded accrued liabilities more quickly than required. As such, we have provided alternative amortization schedules to help analyze the current amortization schedule and illustrate the potential savings of accelerating unfunded liability payments.

Shown on the following page are future year amortization payments based on 1) the current amortization schedule reflecting the individual bases and remaining periods shown on the previous page, and 2) alternative “fresh start” amortization schedules using two sample periods that would both result in interest savings relative to the current amortization schedule. To initiate a fresh start, please contact the plan actuary.

The Current Amortization Schedule typically contains both positive and negative bases. Positive bases result from plan changes, assumption changes, method changes or plan experience that increase unfunded liability. Negative bases result from plan changes, assumption changes, method changes, or plan experience that decrease unfunded liabili ty. The combination of positive and negative bases within an amortization schedule can result in unusual or problematic circumstances in future years, such as:
• When a negative payment would be required on a positive unfunded actuarial liability; or • When the payment would completely amortize the total unfunded liability in a very short time period, and results in a large change in the employer contribution requirement.

In any year when one of the above scenarios occurs, the actuary will consider corrective action such as replacing the existing unfunded liability bases with a single “fresh start” base and amortizing it over an appropriate period.

The Current Amortization Schedule on the following page may appear to show that, based on the current amortization bases, one of the above scenarios will occur at some point in the future. It is impossible to know today whether such a scenario will in fact arise since there will be additional bases added to the amortization schedule in each future year. Should such a scenario arise in any future year, the actuary will take appropriate action based on guidelines in the CalPERS amortization policy.

Page 179 of 239 ends

CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 15 Amortization Schedule and Alternatives (continued)
Alternate Schedules
Current Amortization
Schedule 20 Year Amortization 15 Year Amortization
Date Balance Payment Balance Payment Balance Payment
6/30/2024 91,597 2,994 91,597 8,237 91,597 9,609
6/30/2025 94,731 4,641 89,313 8,237 87,895 9,609
6/30/2026 96,376 6,288 86,874 8,237 83,942 9,609
6/30/2027 96,431 7,934 84,269 8,237 79,720 9,609
6/30/2028 94,789 9,581 81,487 8,237 75,211 9,609
6/30/2029 91,333 9,581 78,516 8,237 70,395 9,609
6/30/2030 87,642 9,581 75,343 8,237 65,252 9,609
6/30/2031 83,701 9,582 71,954 8,237 59,759 9,609
6/30/2032 79,490 9,581 68,334 8,236 53,892 9,609
6/30/2033 74,994 9,581 64,469 8,237 47,626 9,609
6/30/2034 70,192 9,581 60,340 8,236 40,934 9,609
6/30/2035 65,064 9,582 55,932 8,236 33,787 9,609
6/30/2036 59,586 9,581 51,224 8,237 26,154 9,608
6/30/2037 53,736 9,582 46,195 8,237 18,003 9,608
6/30/2038 47,487 9,580 40,824 8,236 9,298 9,609
6/30/2039 40,816 9,581 35,089 8,237
6/30/2040 33,690 9,581 28,963 8,237
6/30/2041 26,080 9,581 22,420 8,237
6/30/2042 17,952 9,582 15,432 8,236
6/30/2043 9,271 9,581 7,970 8,237
6/30/2044
6/30/2045
6/30/2046
6/30/2047
6/30/2048
6/30/2049
Total 175,156 164,735 144,133
Interest Paid 83,559 73,138 52,536
Estimated Savings 10,421 31,023

Page 180 of 239 ends

CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 16

Employer Contribution History
The table below provides a recent history of the required and discretionary employer contributions for the plan.

The required amounts are based on the actuarial valuation from two years prior without subsequent adjustments, if any. Additional discretionary payments before July 1, 2019 or after April 28, 2023 are not included. [
Fiscal
Year
Employer
Normal Cost
Unfunded Liability
Payment ($)
Additional Discretionary
Payments
2016 - 17 6.930% $88 N/A
2017 - 18 6.908% 235 N/A
2018 - 19 7.266% 330 N/A
2019 - 20 7.072% 2,189 75
2020 - 21 7.874% 803 0
2021 - 22 7.73% 1,276 42
2022 - 23 7.76% 2,072 32,217
2023 - 24 8.00% 0
2024 - 25 8.18% 2,994
Funding History
The table below shows the recent history of the actuarial accrued liability, share of the pool’s market value of assets, unfunded accrued liability, funded ratio, and annual covered payroll.

Valuation
Date
Accrued
Liability
(AL)
Share of Pool’s
Market Value of
Assets (MVA)
Unfunded
Accrued Liability
(UAL)
Funded
Ratio
Annual
Covered
Payroll
06/30/2014 $353 $369 ($16) 104.5% $38,232
06/30/2015 9,490 8,861 629 93.4% 85,708
06/30/2016 31,102 27,975 3,127 89.9% 275,816
06/30/2017 97,121 94,343 2,778 97.1% 354,090
06/30/2018 199,129 186,841 12,288 93.8% 489,703
06/30/2019 330,191 313,752 16,439 95.0% 526,741
06/30/2020 501,537 469,718 31,819 93.7% 759,692
06/30/2021 718,571 768,002 (49,431) 106.9% 810,031
06/30/2022 934,332 832,204 102,128 89.1% 951,870

Page 181 of 239 ends

Risk Analysis
• Future Investment Return Scenarios
• Discount Rate Sensitivity
• Mortality Rate Sensitivity
• Maturity Measures
• Maturity Measures History
• Funded Status – Termination Basis

Page 182 of 239 ends

CalPERS Actuarial Valuation – June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 18 Future Investment Return Scenarios
Analysis using the investment return scenarios from the Asset Liability Management process completed in 2021 was performed to determine the effects of various future investment returns on required employer contributions. The projections below reflect the impact of the CalPERS Funding Risk Mitigation policy. The projections also assume that all other actuarial assumptions will be realized and that no further changes in assumptions, contributions, benefits, or funding will occur.

The first table shows projected contribution requirements if the fund were to earn either 3.0% or 10.8% annually. These alternate investment returns were chosen because 90% of long-term average returns are expected to fall between them over the 20-year period ending June 30, 2042.

Required contributions outside of this range are also possible. In particular, whereas it is unlikely that investment returns will average less than 3.0% or greater than 10.8% over a 20-year period, the likelihood of a single investment return less than 3.0% or greater than 10.8% in any given year is much greater. The following analysis illustrates the effect of an extreme, single year investment return.

The portfolio has an expected volatility (or standard deviation) of 12.0% per year. Accordingly, in any given year there is a 16% probability that the annual return will be -5.2% or less and a 2.5% probability that the annual return will be -17.2% or less. These returns represent one and two standard deviations below the expected return of 6.8%.

The following table shows the effect of a one or two standard deviation investment loss in FY 2022-23 on the FY 2025-26 contribution requirements. Note that a single-year investment gain or loss decreases or increases the required UAL contribution amount incrementally for each of the next five years, not just one, due to the 5 - year ramp in the amortization policy. However, the contribution requirements beyond the first year are also impacted by investment returns beyond the first year. Historically, significant downturns in the market are often followed by higher than average returns. Such investment gains would offset the impact of these single year negative returns in years beyond FY 2025-26.

Assumed Annual Return for
Fiscal Year 2022-23
Required
Employer
Contributions
Projected
Employer
Contributions
2024-25 2025-26
(17.2)% (2 standard deviation loss)
Normal Cost Rate 8.18% 8.2%
UAL Contribution $2,994 $9,500
(5.2)% (1 standard deviation loss)
Normal Cost Rate 8.18% 8.2%
UAL Contribution $2,994 $7,100
• Without investment gains (returns higher than 6.8%) in FY 2023-24 or later, projected contributions rates would continue to rise over the next four years due to the continued phase-in of the impact of the illustrated investment loss in FY 2022-23.
• The Pension Outlook Tool can be used to model projected contributions for these scenarios beyond FY 2025-26 as well as to model other investment return scenarios .

Assumed Annual Return
FY 2022-23
through 2041-42
Projected Employer Contributions
2025-26 2026-27 2027-28 2028-29 2029-30

3.0% (5th percentile)
Normal Cost Rate 8.2% 8.2% 8.2% 8.2% 8.2%
UAL Contribution $5,400 $8,600 $13,000 $17,000 $22,000

10.8% (95th percentile)
Normal Cost Rate 8.4% 8.6% 8.8% 9.0% 8.7%
UAL Contribution $4,000 $4,300 $0 $0 $0

Page 183 of 239 ends

CalPERS Actuarial Valuation – June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 19 Discount Rate Sensitivity
The discount rate assumption is calculated as the sum of the assumed real rate of return and the assumed annual price inflation, currently 4.5% and 2.3%, respectively. Changing either the price inflation assumption or the real rate of return assumption will change the discount rate. The sensitivity of the valuation results to the discount rate assumption depends on which component of the discount rate is changed. Shown below are various valuation results as of June 30, 2022 assuming alternate discount rates by changing the two components independently. Results are shown using the current discount rate of 6.8% as well as alternate discount rates of

5.8% and 7.8%. The rates of 5.8% and 7.8% were selected since they illustrate the impact of a 1.0% increase or decrease to the 6.8% assumption.

Sensitivity to the Real Rate of Return Assumption
As of June 30, 2022 1% Lower
Real Return Rate
Current
Assumptions
1% Higher
Real Return Rate
Discount Rate 5.8% 6.8% 7.8%
Price Inflation 2.3% 2.3% 2.3%
Real Rate of Return 3.5% 4.5% 5.5%
a) Total Normal Cost 20.55% 16.43% 13.30%
b) Accrued Liability $1,148,775 $934,332 $768,174
c) Market Value of Assets $832,204 $832,204 $832,204
d) Unfunded Liability/(Surplus) [(b) - (c)] $316,571 $102,128 ($64,030) e) Funded Ratio 72.4% 89.1% 108.3%
Sensitivity to the Price Inflation Assumption
As of June 30, 2022 1% Lower
Price Inflation
Current
Assumptions
1% Higher
Price Inflation
Discount Rate 5.8% 6.8% 7.8%
Price Inflation 1.3% 2.3% 3.3%
Real Rate of Return 4.5% 4.5% 4.5%
a) Total Normal Cost 17.34% 16.43% 14.93%
b) Accrued Liability $981,671 $934,332 $845,818
c) Market Value of Assets $832,204 $832,204 $832,204
d) Unfunded Liability/(Surplus) [(b) - (c)] $149,467 $102,128 $13,614 e) Funded Ratio 84.8% 89.1% 98.4%
Mortality Rate Sensitivity
The following table looks at the change in the June 30, 2022 plan costs and funded status under two different longevity scenarios, namely assuming post-retirementrates of mortality are 10% lower or 10% higher than our current mortality assumptions adopted in 2021. This type of analysis highlights the impact on the plan of a change in the mortality assumption.

As of June 30, 2022 10% Lower
Mortality Rates
Current
Assumptions
10% Higher
Mortality Rates
a) Total Normal Cost 16.72% 16.43% 16.17%
b) Accrued Liability $953,089 $934,332 $917,037
c) Market Value of Assets $832,204 $832,204 $832,204
d) Unfunded Liability/(Surplus) [(b) - (c)] $120,885 $102,128 $84,833 e) Funded Ratio 87.3% 89.1% 90.7%

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CalPERS Actuarial Valuation – June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 20 Maturity Measures
As pension plans mature they become more sensitive to risks . Understanding plan maturity and how it affects the ability of a pension plan sponsor to tolerate risk is important in understanding how the pension plan is impacted by investment return volatility, other economic variables, and changes in longevity or other demographic assumptions.

Ratio of Retiree Accrued Liability to
Total Accrued Liability June 30, 2021 June 30, 2022

1. Retired Accrued Liability $0 $0

2. Total Accrued Liability 718,571 934,332

3. Ratio of Retiree AL to Total AL [(1) / (2)] 0.00 0.00 Another measure of maturity level of CalPERS and its plans is to look at the ratio of actives to retirees, also called the support ratio. A pension plan in its infancy will have a very high ratio of active to retired members. As the plan matures and members retire, the ratio declines. A mature plan will often have a ratio near or b elow one.

Support Ratio June 30, 2021 June 30, 2022

1. Number of Actives 10 12

2. Number of Retirees 0 0

3. Support Ratio [(1) / (2)] N/A N/A

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CalPERS Actuarial Valuation – June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 21 Maturity Measures (continued)
The actuarial calculations supplied in this communication are based on various assumptions about long -term demographic and economic behavior. Unless these assumptions (e.g., terminations, deaths, disabilities, retirements, salary growth, investment return) are exactly realized each year, there will be differences on a yearto-year basis. The year-to-year differences between actual experience and the assumptions are called actuarial gains and losses and serve to lower or raise required employer contributions from one year to the next.

Therefore, employer contributions will inevitably fluctuate, especially due to the ups and downs of investment returns.

Asset Volatility Ratio
Shown in the table below is the asset volatility ratio (AVR), which is the ratio of market value of assets to payroll.

Liability Volatility Ratio
Also shown in the table below is the liability volatility ratio (LVR), which is the ratio of accrued liability to payroll.

Contribution Volatility June 30, 2021 June 30, 2022

1. Market Value of Assets $768,002 $832,204

2. Payroll 810,031 951,870

3. Asset Volatility Ratio (AVR) [(1) / (2)] 0.9 0.9

4. Accrued Liability $718,571 $934,332

5. Liability Volatility Ratio (LVR) [(4) / (2)] 0.9 1.0 Maturity Measures History
Valuation Date
Ratio of
Retiree Accrued Liability
to
Total Accrued Liability
Support Ratio
Asset
Volatility
Ratio
Liability
Volatility
Ratio
06/30/2017 0.00 N/A 0.3 0.3
06/30/2018 0.00 N/A 0.4 0.4
06/30/2019 0.00 N/A 0.6 0.6
06/30/2020 0.00 N/A 0.6 0.7
06/30/2021 0.00 N/A 0.9 0.9
06/30/2022 0.00 N/A 0.9 1.0

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CalPERS Actuarial Valuation – June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 22 Funded Status – Termination Basis
The funded status measured on a termination basis is an estimate of the financial position of the plan had the contract with CalPERS been terminated as of June 30, 2022. The accrued liability on a termination basis (termination liability) is calculated differently compared to the plan’s ongoing funding liability. For the termination liability calculation, both compensation and service are frozen as of the valuation date and no future pay increases or service accruals are assumed. This measure of funded status is not appropriate for assessing the need for future employer contributions in the case of an ongoing plan, that is, for an employer that continues to provide CalPERS retirement benefits to active employees. Unlike the actuarial cost method used for ongoing plans, the termination liability is the present value of the benefits earned through the valuation date.

Discount Rate: 1.75%
Price Inflation: 2.50%
Discount Rate: 4.50%
Price Inflation: 2.75%
Market
Value of
Assets (MVA)
Termination
Liability1,2
Funded
Ratio
Unfunded
Termination
Liability
Termination
Liability1,2
Funded
Ratio
Unfunded
Termination
Liability
$832,204 $2,097,103 39.7% $1,264,899 $1,076,073 77.3% $243,869 1 The termination liabilities calculated above include a 5% contingency load. The contingency load and other actuarial assumptions can be found in Appendix A of the Section 2 report. 2 The discount rate used for termination valuations is a w eighted average of the 10-year and 30-year U.S. Treasury yields w here the weights are based on matching asset and liability durations as of the termination date. The discount rates used in the table are based on 20-year Treasury bonds, rounded to the nearest quarter percentage point, which is a good proxy for most plans. The 20-year Treasury yield w as 3.38% on June 30, 2022, the valuation date.

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CalPERS Actuarial Valuation – June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 23 Participant Data
The table below shows a summary of the plan’s member data upon which this valuation is based:

June 30, 2021 June 30, 2022
Active Members
Counts 10 12
Average Attained Age 46.9 46.2
Average Entry Age to Rate Plan 42.5 41.6
Average Years of Credited Service 4.4 4.7
Average Annual Covered Pay $81,003 $79,323
Annual Covered Payroll $810,031 $951,870
Present Value of Future Payroll $7,951,242 $9,577,875
Transferred Members 1 1
Separated Members 3 3
Retired Members and Beneficiaries*
Counts 0 0
Average Annual Benefits $0 $0
Total Annual Benefits $0 $0
Counts of members included in the valuation are counts of the records processed by the valuation. Multiple records may exist for those who have service in more than one valuation group. This does not result in double counting of liabilities.
* Values include community property settlements.

List of Class 1 Benefit Provisions
This plan has the additional Class 1 Benefit Provisions:
• Post-Retirement Survivor Allowance (PRSA)

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 24 Plan’s Major Benefit Options
Shown below is a summary of the major optional benefits for which the agency has contracted. A description of principal standard and optional plan provisions is in Section 2.

Benefit Group
Member Category Misc
Demographics
Actives Yes
Transfers/Separated Yes
Receiving No
Benefit Group Key 112802
Benefit Provision
Benefit Formula 2% @ 62
Social Security Coverage No
Full/Modified Full
Employee Contribution Rate 8.25%
Final Average Compensation Period Three Year
Sick Leave Credit Yes
Non-Industrial Disability Improved
Industrial Disability No
Pre-Retirement Death Benefits
Optional Settlement 2 Yes
1959 Survivor Benefit Level No
Special No
Alternate (firefighters) No
Post-Retirement Death Benefits
Lump Sum $2000
Survivor Allowance (PRSA) Yes
COLA 2%

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 25 PEPRA Member Contribution Rates
The California Public Employees’ Pension Reform Act of 2013 (PEPRA) established new benefit formulas, final compensation period, and contribution requirements for “new” employees (generally those first hired into a CalPERS-covered position on or after January 1, 2013). In accordance with Government Code Section 7522.30(b), “new members … shall have an initial contribution rate of at least 50% of the normal cost rate.” The normal cost for the plan is dependent on the benefit levels, actuarial assumptions, and demographics of the risk pool, particularly members’ entry age. Should the total normal cost rate change by more than 1% from the base total normal cost rate, the new member rate shall be 50% of the new normal cost rate rounded to the nearest quarter percent.

The table below shows the determination of the PEPRA member contribution rates effective July 1, 2024, based on 50% of the total normal cost rate as of the June 30, 2022 valuation.

Basis for Current Rate Rates Effective July 1, 2024
Rate Plan
Identifier Benefit Group Name
Total
Normal
Cost
Member
Rate
Total
Normal
Cost
Change Change
Needed
Member
Rate
26369 Miscellaneous PEPRA Level 16.25% 8.25% 16.43% 0.18% No 8.25%

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CALPERS ACTUARIAL VALUATION - June 30, 2022
PEPRA Miscellaneous Plan of the City of Buellton
CalPERS ID: 7472860304
Rate Plan belonging to the Miscellaneous Risk Pool Page 26 Section 2
CAL I F O RNI A P UBL I C EM P L O YEES ’ RET I REM EN T S YS T EM Risk Pool Actuarial Valuation Information
Section 2 may be found on the
CalPERS website (www.calpers.ca.gov)
in the Forms and Publications section

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CITY OF BUELLTON
City Council Agenda Staff Report
City Manager Review: SW
Council Agenda Item No.: 9
To: The Honorable Mayor and City Council
From: Rose Hess, City Engineer
Meeting Date: October 26, 2023
Subject: Approval of Measure A Cooperative Agreement for the McMurray Road/Highway 246 Improvement Project

BACKGROUND
The City has been working on the McMurray Road/Highway 246 Improvement Project for over 15 years and has most recently obtained a Caltrans encroachment permit to complete the work. The Project includes widening of the north leg of McMurray Road at Highway 246 with additional traffic signal improvements. The project also includes road, sidewalk and curb, and gutter and driveway improvements as well as utility relocations and appurtenant work. The project addresses turning movement conflicts between the state highway and local road, specifically northbound McMurray Road.

The McMurray Road/Highway 246 Improvement Project will be partially funded by the City of Buellton’s share of the Measure A Regional Program. All projects that are delivered through the Measure A Regional Program are required to enter into a Cooperative Agreement with SBCAG to ensure timely use of funds and delivery of project.

The Agreement outlines the reimbursement guidelines, in which $800,000.00 of the project construction cost will be reimbursed to the City. The Agreement is provided as Attachment 1.

The SBCAG Board will be reviewing and approving this Agreement at their October 19, 2023 Board meeting.

FISCAL IMPACT
The McMurray Road/Highway 246 Improvement Project is budgeted in the Capital Improvement Project List. (092-307). Funding is appropriated in the 2023/24 Biennial budget for construction ($200,000) and project management/inspections ($50,000) through General Fund, Gas Tax, and Measure A. A budget adjustment will need to be made to increase the construction and project/management/inspections sub-budget

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Measure A Cooperative Agreement Page 2 October 26, 2023 concurrently with the contract award (November 9, 2023). Adjustment amount is still to be determined. The Measure A Regional Funds provided through the Cooperative Agreement will reimburse $800,000.00 of the construction cost to the City.

RECOMMENDATION
That the City Council approve the Measure A Cooperative Agreement with SBCAG and authorize the Mayor to execute the agreement.

ATTACHMENTS
Attachment 1 – SBCAG Cooperative Agreement

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Buellton Circulation Improvements: McMurray Road Improvement Project

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MEASURE A

PROJECT COOPERATIVE AGREEMENT
For the Buellton Circulation Improvements: McMurray Road Improvement Project
This Cooperative Agreement ("Agreement") is entered into by and between the CITY OF BUELLTON ("Sponsor") and the SANTA BARBARA COUNTY ASSOCIATION OF GOVERNMENTS, acting as the Santa Barbara County Local Transportation Authority ("Authority" or “SBCAG”).

RECITALS
WHEREAS, Authority and Sponsor desire to enter into a Cooperative Agreement to coordinate the funding of transportation improvements in Santa Barbara County pursuant to the authority provided by the Road Repair, Traffic Relief and Transportation Safety Measure (“Measure A”), which was approved by the voters of Santa Barbara County on November 4, 2008; and
WHEREAS, the Sponsor has proposed that the Authority provide funding to Sponsor’s project described in Exhibit A as the McMurray Road Improvement Project and specified herein ("Project"); and
WHEREAS, the Authority has determined that the Project is eligible as the Buellton Circulation Improvements in the Measure A Investment Plan; and WHEREAS, the Authority is authorized to issue Measure A funds to Sponsor for eligible projects; and
WHEREAS, any cost savings will be retained by the Authority and may be reprogrammed to other phases of the Buellton Circulation Improvements project; and WHEREAS, the Authority and Sponsor desire to have this Agreement serve as the Agreement for the Authority to provide Measure A funding to Sponsor for eligible projects proposed by Sponsor, provided that such funding has been authorized by the Board of the Authority.

NOW, THEREFORE, in consideration of the mutual promises and undertakings herein made and the mutual benefits to be derived therefrom, the parties hereto represent, covenant, and agree as follows:

SECTION I
Covenants of Sponsor
The Sponsor shall:

1.1 Project Description. The Project description, scope of work, delivery schedule, estimate of cost by activity, anticipated amount and type of funds that will supplement Measure A funds, and the anticipated timing for release of Measure A funds are specified in Exhibit A attached to this Agreement and incorporated herein by

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reference. Sponsor shall be solely responsible for implementing and carrying out the Project.

1.2 Change In Project Description. Any change in the Project Description shall not be eligible for funding by Authority unless approved in writing by the Authority. Any portion of the Project implemented by Sponsor prior to Authority’s written approval shall not be eligible for reimbursement and in no event will any change in scope result in the Authority reimbursing more than the amount specified for the Project.

1.3 Eligible Reimbursement Costs. Eligible project costs are specified in Exhibit A or as may be approved from time to time by the Authority pursuant to Section 1.2. In no event shall expenses incurred prior to the execution of this Agreement be considered eligible reimbursement costs.

1.4 Measure A Percentage Share Defined. Measure A funding is being provided by Authority to Sponsor in accordance with the Measure A Investment Plan Buellton Circulation Improvements for the McMurray Road Improvement Project described in Exhibit A. The percentage share of Measure A funding shall be the Measure A Percentage shown in Exhibit A, and shall not exceed the total Measure A amount shown in the same attachment. Each invoice submitted by Sponsor shall be reimbursed by Authority at this percentage up to the not to exceed total Measure A amount shown in the attachment. Sponsor matching funds shall be used to pay for the remainder of Project costs.

1.5 Invoices and Progress Reports. Starting one month after the execution of this Agreement, Sponsor will submit quarterly progress reports and invoices for activities conducted over the prior unbilled quarter. These documents shall include the following specified information:

1.5.a Invoices. The Sponsor shall provide the Authority with one (1) copy of all invoices submitted to Sponsor by every contractor, subcontractor, consultant, or subconsultant as appropriate and any other backup documentation required to support direct and indirect costs for which a Sponsor submits an invoice.

1.5.b Progress Reports. Progress reports shall include a brief description of the status of the Project including the work completed to date. This summary may be included on the invoices submitted to the Authority or be attached to those invoices.

1.6 Use of Funds. The Sponsor shall use existing Measure A funds consistent with the project description in Exhibit A to this Agreement or as approved by the Authority pursuant to Section 1.2.

1.7 Submittal of Documents. The Sponsor shall provide copies to the Authority of all executed contracts that relate to the Project scope as described in Attachments to this Agreement and Section 1.3 or approved by the Authority pursuant to Section 1.2. The Sponsor shall retain records pertaining to the Project for a five (5) year period following completion of the Project.

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1.8 Completion of Project. Sponsor shall be responsible for meeting the timely use of funds deadlines in Exhibit A. Sponsor shall provide management of any consultant and contractor activities, including responsibility for schedule, timely use of funds, budget and oversight of the services, consistent with the scope of work. This provision shall apply in all instances, including situations where a change in scope has been approved by the Authority pursuant to Section 1.2.

1.8.a Project Completion Report. Sponsor will, within 45 days of the Project becoming operable, provide a letter of Project completion which includes final cost, revenues, and schedule of completed and future activities for construction projects, pictures of the completed project must accompany the letter.

Whenever possible, pictures of the “before” project conditions should also be submitted. This letter shall accompany the final invoice for payment from the Sponsor to provide notice of Agreement account closing by Authority.

1.9 Public Outreach. The Sponsor is responsible for development and administration of a public outreach effort to ensure public awareness and involvement in the Project development and delivery process. The Sponsor shall provide a copy of the public outreach plan and all materials documenting the public outreach activities, including public notices, press releases, flyers, etc. to the Authority. The public outreach plan must accompany the first invoice for payment from Sponsor. The materials documenting the public outreach activities must accompany the final invoice for payment from Sponsor.

1.10 Provision of Signs. Sponsor shall install signs consistent with the Authority’s Project Signs Guidelines and Specifications as adopted by the SBCAG Board on August 18, 2011, or as appropriate.

1.11 Cost Savings and Excess Costs

1.11.a Cost Savings. After the Project has been accepted by the Sponsor and Authority as complete, any positive difference between the cost, as listed in Attachments to this Agreement or approved by the Authority pursuant to Section 1.2, and the total amount invoiced to the Authority shall revert to the Measure A program for re-programming by the Authority on other eligible projects.

1.11.b Excess Costs. In the event the actual Project cost exceeds the estimate shown in Attachments to this Agreement, this amount will be considered an excess cost. Sponsor is solely responsible for all costs over the amount identified in Section 1.3 and pursuant to Section 1.2.

1.11.c Reconciliation of Excess Costs. Excess project costs to complete a project are not eligible for reimbursement unless approved pursuant to Section 1.2. The amount of Measure A funds as identified in Section 1.3 are the maximum funds available for reimbursement to the Sponsor and cannot be increased unless agreed to by the Authority pursuant to Section 1.2. The Sponsor shall request an amendment if needed for this purpose in writing to the Authority. Such

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amended Agreement shall be effective only if signed and approved by the duly authorized representatives of both the Authority and Sponsor.

1.12 Errors and Omissions. The Sponsor shall diligently monitor and manage all aspects of the Project and shall aggressively pursue any and all remedies, including full restitution and damages from any consultant, contractor or sub-contractor and their insureds and sureties suspected of any acts, errors, or omissions committed during business activities that economically or legally damage the project.

1.13 Division of Labor and Materials. Sponsor agrees to furnish or cause to be furnished all labor, materials, equipment, required licenses, permits, fees, and other appropriate legal authorization from all applicable federal, state, and local jurisdictions necessary to perform and complete, per schedule, in a professional manner, the obligations described herein.

1.14 Implementation of Project. Sponsor may implement projects herein through private organizations and nonprofit entities as designated on the Attachment.

SECTION II
Covenants of Authority
The Authority shall:

2.1 Reimbursement Payments. The Authority shall make reimbursement payments to the Sponsor or implementing party designated pursuant to Paragraph 1.14 for eligible project costs within 45 days of receipt of an invoice as specified in the Attachments to this Agreement, except where payment is subject to provisions of Paragraphs 2.1.a through 2.1.b.4.

2.1.a Ineligible Costs. The Authority reserves the right to adjust current or future reimbursement payments to Sponsor if an invoice includes ineligible costs.

2.1.b Suspension of Reimbursement. If the Authority determines that any costs in an invoice are not allowable, or lack supporting progress reports, the Authority shall return the invoice to the Sponsor with an invoice dispute notice outlining the reason for the return and the proposed remedy, if one exists, which would make the invoice acceptable for payment. The Sponsor may re-submit the invoice for payment after reviewing the invoice dispute notice and making any necessary corrections. The Sponsor may also immediately submit a new invoice representing only the amounts which are not in dispute, while setting aside the disputed amounts for review in accordance with the provisions set forth in this Section 2.1.

2.1.b.1 Meeting. Once a dispute has occurred, the Authority shall arrange a meeting between Authority and Sponsor staff to discuss and attempt to resolve the dispute.

2.1.b.2 Subregional Committee. If an agreement cannot be reached at the

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meeting, then the Sponsor or the Authority shall have the option to take the dispute to the Authority's North County Subregional Committee, as appropriate. In this case reimbursement for the disputed cost item(s) will be delayed until a resolution of the matter is reached.

2.1.b.3 Authority’s Board Decision. If the Sponsor or the Authority disagrees with the resolution by the Subregional Committee then the dispute shall be submitted to the Authority’s Board for resolution. If the Board determines that the disputed cost item(s) is ineligible, the Authority shall not provide reimbursement payment to the Sponsor for the disputed item(s). If the Board determines that the disputed cost item(s) is eligible, then the Authority shall provide reimbursement payment to the Sponsor for the disputed cost.

2.1.b.4 Reservation of Rights. By utilizing the above procedures, the Sponsor does not surrender any rights to pursue available legal remedies if the Sponsor disagrees with the Board decision.

2.2 Authority’s Payment shall not constitute Waiver. Authority’s failure to discover or object to any ineligible project cost or billing prior to payment shall not constitute a waiver of Authority’s right to require Sponsor to correct such work or billing or seek any other legal remedy.

2.3 Right to Conduct Audit; Record Keeping. The Authority shall have the right to conduct an audit of all Sponsors’ records pertaining to the Agreement at any time during the course of construction and up to a five (5) year period after completion of the Agreement.

2.4 Records. Sponsor shall keep and provide to Authority or its agents, upon request, accurate financial records (including invoices and published price lists on which this Agreement was based) necessary to enable Authority to review Sponsor’s performance of this Agreement. These records shall demonstrate the funding has been used as described in the Project Description. Sponsor shall maintain all such records for at least five years after completion of the project.

SECTION III
General Covenants

3.1 Term. Sponsor shall commence performance on November 1, 2023 and end performance upon completion, but no later than December 31, 2025 unless otherwise directed by SBCAG or unless earlier terminated. The Sponsor shall commence performance in accordance with the delivery schedule set forth in Exhibit A. The Agreement shall remain in effect until discharged or terminated as provided in Section

3.2 or Section 3.14, unless otherwise directed by SBCAG or unless earlier terminated.

3.2 Discharge. This Agreement shall be subject to discharge as follows:

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3.2.a Termination by Mutual Consent. This Agreement may be terminated at any time by mutual consent of the parties.

3.2.b Discharge Upon Completion of Projects. Except as to any rights or obligations which survive discharge as specified in Section 3.13, this Agreement shall be discharged, and the parties shall have no further obligation to each other, upon completion of the Projects as certified by the Authority.

3.3 Indemnity. Sponsor agrees to indemnify, defend (with counsel reasonably approved by SBCAG) and hold harmless SBCAG and its officers, officials, employees, agents and volunteers from and against any and all claims, actions, losses, damages, judgments and/or liabilities arising out of this Agreement from any cause whatsoever, including the acts, errors or omissions of any person or entity and for any costs or expenses (including but not limited to attorneys’ fees) incurred by SBCAG on account of any claim except where such indemnification is prohibited by law. Sponsor’s indemnification obligation applies to SBCAG’s active as well as passive negligence but does not apply to SBCAG’s sole negligence or willful misconduct.

3.4 Notices. Any notice which may be required under this Agreement shall be in writing and shall be given by personal service, or by certified or registered mail, return receipt requested, to the addresses set forth below:

AUTHORITY
Santa Barbara County Association of
Governments
260 North San Antonio Road, Suite B Santa
Barbara, CA 93110

SPONSOR
City of Buellton
107 W Highway 246
Buellton, CA 93427
Either party may change its address by giving notice of such change to the other party in the manner provided in this Section 3.5. All Other Notices and consents under this section, which are sent by mail, shall be deemed to be received five (5) days following their deposit in the U.S. mail. This Notices section shall not be construed as meaning that either party agrees to service of process except as required by applicable law.

3.5 Additional Acts and Documents. Each party agrees to do all such things and take all such actions, and to make, execute and deliver such other documents and instruments, as shall be reasonably requested to carry out the provisions, intent and purpose of the Agreement.

3.6 Integration. This Agreement represents the entire Agreement of the parties with respect to the subject matter hereof. No representations, warranties, inducements or oral agreements have been made by any of the parties except as expressly set forth herein, or in other contemporaneous written agreements.

3.7 Amendment. In conjunction with the matters considered herein, this Agreement contains the entire understanding and agreement of the parties and there have been no promises, representations, agreements, warranties or undertakings by any of the parties, either oral or written, of any character or nature hereafter binding except as set forth herein. This Agreement may be altered, amended or modified only by an

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instrument in writing, executed by the parties to this Agreement and by no other means. Each party waives their future right to claim, contest or assert that this Agreement was modified, canceled, superseded, or changed by any oral agreements, course of conduct, waiver or estoppel.

3.8 Non-Partnership. This Agreement is not intended by the parties to constitute or create a joint venture, pooling arrangement, or formal business organization of any kind. The rights and obligations of the parties shall be only those expressly set forth herein.

Sponsor and Sponsor’s subcontractors shall perform all services under this Agreement as independent parties and not as employees, officers or agents of the Authority.

3.9 Assignment. The Agreement may not be assigned, transferred, hypothecated, or pledged by any party without the express written consent of the other party.

3.10 Binding on Successors. This Agreement shall be binding upon the successor(s), assignee(s) or transferee(s) of the Authority or as the case may be. This provision shall not be construed as an authorization to assign, transfer, hypothecate or pledge this Agreement other than as provided above.

3.11 Severability. Should any part of this Agreement be determined to be unenforceable, invalid, or beyond the authority of either party to enter into or carry out, such determination shall not affect the validity of the remainder of this Agreement which shall continue in full force and effect; provided that, the remainder of this Agreement can, absent the excised portion, be reasonably interpreted to give effect to the intentions of the parties.

3.12 Counterparts. This Agreement may be executed in one or more counterparts and shall become effective when one or more counterparts have been signed by all of the parties; each counterpart shall be deemed an original but all counterparts shall constitute a single document.

3.13 Survival. The following provisions in this Agreement shall survive discharge:

3.13.a The Sponsor. As to the Sponsor, the following sections shall survive discharge:

Section 1.6 (obligation to apply funds to the Project), Section 1.7 (obligation to provide copies and retain records), Section 1.8 (obligation to continue to manage the Project).

3.13.b The Authority. As to the Authority, the following section shall survive discharge:

Section 2.3 (right to conduct audit).

3.13.c Both Parties. As to both parties, the following section shall survive discharge:

Section 3.3. (mutual indemnities).

3.14 Limitation. All obligations of the Authority under the terms of this Agreement are expressly contingent upon the Authority's continued authorization to collect and expend the sales tax proceeds provided by Measure A. If for any reason the Authority's right or ability to collect or expend such sales tax proceeds is terminated or

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suspended in whole or part so that it materially affects the Authority's ability to fund the Project, the Authority shall promptly notify Sponsor, and the parties shall consult on a course of action. If, after twenty-five (25) working days, a course of action is not agreed upon by the parties, this Agreement shall be deemed terminated. Maintenance of records, right to audit, and indemnification shall survive. Any future obligation to fund this project or any other project or projects of Sponsor, not already specifically covered by separate Agreement, shall arise only upon execution of a new Agreement.

3.15 Time. Time is and shall be of the essence of this Agreement and each and all of its provisions in which performance is a factor.

3.16 Remedies Cumulative. No remedy or election of remedies provided for in this Agreement shall be deemed exclusive, but shall be cumulative with all other remedies at law or in equity. Each remedy shall be construed to give the fullest effect allowed by law.

3.17 Applicable Law. This Agreement shall be governed by, and construed and enforced in accordance with the laws of the State of California. As applicable, the Cycle 2 Guidelines are incorporated herein by reference.

3.18 Captions. The captions in this Agreement are for convenience only and are not a part of this Agreement. The captions do not in any way limit or amplify the provisions of this Agreement and shall not affect the construction or interpretation of any of its provisions.

3.19 No Continuing Waiver. The waiver by any party of any breach of any of the provisions of this Agreement shall not constitute a continuing waiver or a waiver of any subsequent breach of the same, or of any other provision of this Agreement.

3.20 No Rights in Third Parties. Nothing in this Agreement, express or implied, is intended to confer any rights or remedies under or by reason of this Agreement on any third party, nor is anything in this Agreement intended to relieve or discharge the obligation or liability of any third party to any party to this Agreement, nor shall any provision of this Agreement give any third party any right of subrogation or action over or against any party to this Agreement.

3.21 Signator's Warranty. Each party warrants to each other that he or she is fully authorized and competent to enter into this Agreement in the capacity indicated by his or her signature and agrees to be bound by this Agreement as of the day and year first mentioned above upon the execution of this Agreement by each other party. [This area intentionally left blank. Signatures on following page.]

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IN WITNESS WHEREOF, the undersigned parties have executed this Agreement on the day and year first written below.

CITY OF BUELLTON (“Sponsor”)
By:

David King, Mayor
Date:

SBCAG, acting as the SANTA BARBARA COUNTY
LOCAL TRANSPORTATION AUTHORITY:

By:

Jenelle Osborne, Chair
Date:

ATTEST:

By:

Marjie Kirn, Executive Director
APPROVED AS TO FORM:

Rachel Van Mullem
County Counsel
By:

Deputy County Counsel
Exhibit A – Project Scope, Cost, Schedule and Funding Plan for McMurray Road Improvement Project
Exhibit B – Measure A Project Sign

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Buellton Circulation Improvements: McMurray Road Improvement Project

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EXHIBIT A

PROJECT SCOPE, COST, SCHEDULE AND FUNDING PLAN
Project Name: Buellton Circulation Improvements, McMurray Road Improvement Project
Project Contact: Rose Hess

PROJECT SCOPE
Responsible Agency: City of Buellton
Project Limits: The Project location is at the intersection of Highway 246 and McMurray Road, with appurtenant improvements within 100 feet.

Project Scope: The Project includes widening of the north leg of McMurray Road at Highway 246 with additional traffic signal improvements. The project also includes road, sidewalk and curb, and gutter and driveway improvements as well as utility relocations and appurtenant work.

Project Purpose: The purpose of the Project is to rehabilitate and widen McMurray Road. This intersection is on Highway 246 and is immediately adjacent to ramps on Highway 101. The Project will replace the pavement, upgrade the road to meet current roadway standards, and address drainage and multimodal safety issues.

PROJECT COST
Project Work Description Cost
Construction work as described in project scope. $1,100,000

PROJECT SCHEDULE
Project Phase Start End
Timely Use of Funds
Deadline (if applicable)
Construction August 2024 November 2024

PROJECT FUNDING PLAN
Fund Source and Percentage Fund Amount
Measure A Investment Plan Circulation Improvements Project $800,000 Buellton Local Funds $300,000
Total $1,100,000
Notes:

1. No supplemental funds are required.

2. The release of Measure A will be upon presentation of an invoice.

3. The total project cost is a based on City’s current estimate. Any amount above the $1.1 million will be funded by Buellton Local Funds

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Buellton Circulation Improvements: McMurray Road Improvement Project

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Exhibit B

MEASURE A PROJECT SIGN
The City of Solvang shall install two (2) Measure A project signs per measurements below that include the project title, Measure A logo, project completion date, project sponsor logo and Measure A website address. Please see the example below per Measure A Sign Guidelines adopted August 18, 2011.

The signs will be installed within ¼ mile of the ends of the project. The sign will be posted prior to the construction of the project, during the construction of the project and 1 month after the completion of construction.

Example

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CITY OF BUELLTON
City Council Agenda Staff Report
City Manager Review: SW
Council Agenda Item No.: 10
To: The Honorable Mayor and City Council
From: Shannel Zamora, Finance Director
Meeting Date: October 26, 2023
Subject: Resolution No. 23-20 – “A Resolution of the City Council of the City of Buellton, California, for the Purpose of Budget Amendments from Operational Changes Related to Fiscal Year 2023-24 Budget through the First Quarter Ending September 30, 2023”
______________________________________________________________________________

BACKGROUND
On June 8, 2023, the City Council adopted the Biennial Operating and Capital budget for Fiscal Years (FY) 2023-24 and 2024-25. As part of the City’s budget process, staff periodically presents to the City Council for consideration various operational and personnel Amendments during the fiscal year are accomplished at quarterly intervals while staff outlines current economic conditions.

Table 1 below provides an overview of the proposed amended budget for FY 2023-24.

Table 1
Fund Revenue Expenditures
Net Surplus
(Deficit)
001-General Fund $ 15,266,888 $ 13,649,646 $ 1,617,242
005-Wastewater $ 2,350,604 $ 2,350,604 $ -
006-Wastewater Capital $ 315,000 $ 315,000 $ -
020-Water $ 3,934,089 $ 3,934,089 $ -
021-Water Capital $ 385,000 $ 385,000 $ -
023-Housing $ 5,800 $ 3,000 $ 2,800
024- Traffic Mitigation $ 400 $ - $ 400
025-Gas Tax $ 419,009 $ 419,009 $ -
027-LTF $ 147,000 $ 147,000 $ -
029-Transportation Planning $ 45,300 $ 45,000 $ 300
031-Measure A $ 1,221,381 $ 1,221,381 $ -
032 - ARPA $ 1,240,448 $ 1,228,698 $ 11,750
092- Capital Improvement $ 9,126,178 $ 9,126,178 $ -
Total All Funds $ 34,457,097 $ 32,824,605 $ 1,632,492

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Resolution No. 23-20 Page 2 October 26, 2023
Staff is presenting the following additional operational recommendations for incorporation into the 2023-24 budget. Some of the proposed adjustments have been previously authorized by City Council
The total increase in the previously proposed General Fund appropriations is $373,100.

There is sufficient operating surplus to cover the proposed increases in appropriations.

The following are recommended changes to the General Fund:
• 001-402-60710 Travel and Training (City Manager Department): Increase of $3,000 in appropriation to cover the cost of additional conferences for the City Manager.
• 001-410-69600 Undesignated Misc. Support (Non-Departmental): Increase of $8,000 in appropriation to reflect the City’s contribution towards the Buellton Fall Fest Carnival.
• 001-410-60905 CalPERS UAL (Non-Departmental): Increase of $125,000 in appropriations to reflect the cost of issuing an additional discretionary payment (ADP) towards CalPERS unfunded accrued liability (UAL) to allow for interest savings in the next 15 years. Total ADP of $175,000 is allocated between the General, Wastewater and Water Funds.
• 001-410-77000 Transfer to Other Funds (Non-Departmental): Increase of $21,750 in appropriations to cover the full cost of the bid awarded to Unlimited Engineering for Village Park Improvements.
• 001-501-60800 Contract Services (Public Safety Department): $215,350 increase in appropriation to reflect the new law enforcement service contract with the Santa Barbara County Sheriff’s Department.

The total increase in Wastewater Fund appropriations is $25,000 and increase to revenue projections is $25,000. The total net change to the Wastewater Fund is $0. The following are recommended changes to the Wastewater Fund:
• 005-701-60905 CalPERS UAL: Increase of $25,000 in appropriations to reflect the cost of issuing an additional discretionary payment (ADP) towards CalPERS unfunded accrued liability (UAL) to allow for interest savings in the next 15 years. • 005-49652 Transfer from Reserve: Increase of use of reserves by $25,000 to cover the cost of the increase in appropriations. Total ADP of $175,000 is allocated between the General, Wastewater and Water Funds.

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Resolution No. 23-20 Page 3 October 26, 2023
The total increase in Water Fund appropriation is $132,411 and increase to revenue projections is $132,411. The total net change to the Water Fund is $0. The following are recommended changes to the Water Fund:
• 020-601-60905 CalPERS UAL: Increase of $25,000 in appropriations to reflect the cost of issuing an additional discretionary payment (ADP) towards CalPERS unfunded accrued liability (UAL) to allow for interest savings in the next 15 years Total ADP of $175,000 is allocated between the General, Wastewater and Water Funds.
• 020-601-69100 Transfer to Other Funds: Increase of $107,411 in appropriations to cover the full construction cost of the Water Reservoir No. 2 Roof Project. • 020-49661 Transfer from Reserve: Increase of use of reserves by $132,411 to cover the cost of the increase in appropriations.

The total increase in Measure A Fund appropriation is $217,863 and increase to revenue projections is $217,863. The total net change to the Measure A Fund is $0. The following are recommended changes to the Measure A Fund:
• 031-560-77000 Capital Outlay: Increase of $217,863 in appropriations to cover the full cost of the bid awarded to Taylor Jane Construction for the 2022-23 Road Maintenance Project.
• 031-49736 Transfer from Reserve: Increase of use of reserves by $217,863 to cover the cost of the increase in appropriations.

The Capital Improvement Project (CIP) Budget is funded by various funds. Transfers from Other Funds are recorded in this fund. The total increase in CIP appropriations is $347,024 offset with transfers from the Wastewater, Water and Measure A Funds. The following are recommended changes to the Capital Improvement Budget:
• 092-222-74100 Construction and Improvement: Increase in appropriations of $21,750 to cover the full cost of the bid awarded to Unlimited Engineering for Village Park Improvements.
o 092-49727 Transfer from General Fund: Increase in funding allocation of $21,750 for project.
• 092-613-71400 Construction and Improvement: Increase in appropriation of $107,411 for the full construction cost of the Water Reservoir No. 2 Roof Project. o 092-49732 Transfer from Waster Fund: Increase in funding allocation of $107,411 for project.
• 092-321-71000 Construction and Improvement: Increase in appropriation of $217,863 to cover the full cost of the bid awarded to Taylor Jane Construction for FY 2022-23 Road Maintenance Project.
o 092-49728 Transfer from Measure A: Increase in funding allocation of $217,863 for project.

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Resolution No. 23-20 Page 4 October 26, 2023

FISCAL IMPACT
The proposed operational changes are intended to maximize operational efficiencies and enhance service delivery. The proposed amendments to the General Fund increases appropriation in the amount of $373,100. The current operating surplus will be used to offset the increase in General Fund expenditure.

The proposed amendments to the Wastewater Fund increases appropriations by $25,000 offset with a transfer from reserves and results in a net change of $0.

The proposed amendments to the Water Fund increases appropriations by $132,411 offset with a transfer from reserves and results in a net change of $0.

The proposed amendments to the Measure A Fund increases appropriations by $217,863 offset with a transfer of unspent funds and results in a net change of $0.

The proposed Capital Improvement Budget increases appropriation by $347,024. The appropriation is offset by a $21,750 transfer-in from the General Fund, $107,411 from the Water Fund, and $217,863 from Measure A Fund for net change of $0.

RECOMMENDATION
That the City Council consider adoption of Resolution No. 23-20 - “A Resolution of the City Council of the City of Buellton, California, for the Purpose of Budget Amendments from Operational Changes Related to Fiscal Year 2023-24 Budget through the First Quarter ending September 30, 2023”

ATTACHMENTS
Resolution No. 23-20 (Exhibit A)

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RESOLUTION NO. 23-20

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

BUELLTON, CALIFORNIA, FOR THE PURPOSE OF BUDGET

AMENDMENTS FROM OPERATIONAL CHANGES RELATED
TO FISCAL YEAR 2023-24 BUDGET THROUGH THE FIRST
QUARTER ENDING SEPTEMBER 30, 2023
WHEREAS, the City Council adopted the Biennial Fiscal Year 2023-24 and 2024-25 Budget on June 8, 2023; and
WHEREAS, it is necessary to make amendments to Biennial Fiscal Year 2023-24 as part of the First Quarter Budget Review; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Buellton as follows:

That proposed budget amendments on the attached Exhibit A for the Fiscal Year 2023-24 are approved.

The proposed operational changes are intended to maximize operational efficiencies and enhance service delivery. The proposed amendments to the General Fund increases appropriation in the amount of $373,100. The current operating surplus will be used to offset the increase in General Fund expenditure.

The proposed amendments to the Wastewater Fund increases appropriations by $25,000 offset with a transfer from reserves and results in a net change of $0.

The proposed amendments to the Water Fund increases appropriations by $132,411 offset with a transfer from reserves and results in a net change of $0.

The proposed amendments to the Measure A Fund increases appropriations by $217,863 offset with a transfer of unspent funds and results in a net change of $0.

PASSED, APPROVED and ADOPTED this 26th day of October, 2023 ____________________________
Dave King
Mayor
ATTEST:
___________________________
Linda Reid
City Clerk

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October 26, 2023
Exhibit A FY 2023-24 First Quarter
Budget Amendments
City of Buellton
Fiscal Year 2023-24 Budget Amendments - First Quarter
Fund Revenue Expenditures
Surplus
(Deficit)
001- General $ 15,266,888 $ 13,649,646 $ 1,617,242
005- Wastewater $ 2,350,604 $ 2,350,604 $ -
006- Wastewater Capital $ 315,000 $ 315,000 $ -
020- Water $ 3,934,089 $ 3,934,089 $ -
021- Water Capital $ 385,000 $ 385,000 $ -
023- Housing $ 5,800 $ 3,000 $ 2,800
024 - Traffic Mitigation $ 400 $ - $ 400
025- Gas Tax $ 419,009 $ 419,009 $ -
027- Local Transportation $ 147,000 $ 147,000 $ -
029- Transportation Planning $ 45,300 $ 45,000 $ 300
031- Measure A $ 1,221,381 $ 1,221,381 $ -
032 - ARPA Funding $ 1,240,448 $ 1,228,698 $ 11,750
092 - Capital Project $ 9,126,178 $ 9,126,178 $ -
Total $ 34,457,097 $ 32,824,605 $ 1,632,492
Fund Balance Analysis

BUDGET AT A GLANCE
(WITH PROPOSED BUDGET AMENDMENTS)
October 26, 2023
Previous Related Resolutions:

Resolution No. 23- 14
"A Resolution of the City Council of the City of Buellton, California, Adopting the Biennial Fiscal Year 2023-24 and 2024-25 Budget"
Budget Amendment Summary:

The proposed operational changes are intended to maximize operational efficiencies and enhance service delivery. The proposedamendments to the General Fund increases appropriation in the amount of $373,100. The current operating surplus will be used to offset the increase in General Fund expenditure.

The proposed amendments to the Wastewater Fund increases appropriations by $25,000 offset with a transfer from reservesand results in a net change of $0.

The proposed amendments to the Water Fund increases appropriations by $132,411 offset with a transfer from reservesand results in a net change of $0.

The proposed amendments to the Measure A Fund increases appropriations by $217,863 offset with a transfer of unspent funds and results in a net change of $0.

Fund
Beginning Fund
Balance
Operating
Revenue
Operating
Expenditures Transfers In Transfers Out
Use of
Reserve Ending Balance
001- General $ 13,897,197 $ 10,890,963 $ 9,251,971 $ - $ 4,397,675 $ 4,375,925 $ 11,138,514 005- Wastewater $ 2,935,031 $ 1,237,650 $ 1,785,604 $ - $ 565,000 $ 1,112,954 $ 1,822,077 006- Wastewater Capital $ 351,081 $ - $ 15,000 $ 315,000 $ 300,000 $ - $ 351,081 020- Water $ 8,091,369 $ 2,496,670 $ 2,380,674 $ - $ 1,553,415 $ 1,437,419 $ 6,653,950 021- Water Capital $ 306,133 $ - $ 35,000 $ 385,000 $ 350,000 $ - $ 306,133 023- Housing $ 493,853 $ 5,800 $ 3,000 $ - $ - $ - $ 496,653 024 - Traffic Mitigation $ 36,513 $ 400 $ - $ - $ - $ - $ 36,913 025- Gas Tax $ 581,021 $ 352,705 $ 122,000 $ - $ 297,009 $ 66,304 $ 514,717 027- Local Transportation $ 370,086 $ 9,354 $ 87,000 $ 137,646 $ 60,000 $ - $ 370,086 029- Transportation
Planning $ (103,011) $ 45,300 $ 45,000 $ - $ - $ (102,711) 031- Measure A $ 863,258 $ 451,911 $ 182,452 -$ 1,038,929 $ $ 769,470 $ 93,788 032 - ARPA Funding $ 7,194 $ 1,240,448 -$ -$ 1,228,698 $ -$ $ 18,944 092- CIP $ - -$ 9,126,178 $ $ 9,126,178 $ -
Total $ 27,829,726 $ 16,731,201 $ 23,033,879 $ 9,963,824 $ 9,790,726 $ 7,762,072 $ 21,700,146

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October 26, 2023 Exhibit A FY 2023-24 First Quarter
Budget Amendments
City of Buellton Fiscal Year 2023-24 Revenue Budget Amendments Schedule of Revenues
Fund
Original
Budget Current Budget
Proposed
Amendments
Amended
Budget % Change % of Budget
001- General 15,266,888 15,266,888 - 15,266,888 0.00% 60.27% 005- Wastewater 2,325,604 2,325,604 25,000 2,350,604 1.07% 9.28% 006- Wastewater Capital 315,000 315,000 - 315,000 0.00% 1.24% 020- Water 3,801,678 3,801,678 132,411 3,934,089 3.48% 15.53% 021- Water Capital 385,000 385,000 - 385,000 0.00% 1.52% 023- Housing 5,800 5,800 - 5,800 0.00% 0.02%
024 - Traffic Mitigation 400 400 - 400 0.00% 0.00%
025- Gas Tax 419,009 419,009 - 419,009 0.00% 1.65%
027- Local Transportation 147,000 147,000 - 147,000 0.00% 0.58% 029- Transportation Planning 45,300 45,300 - 45,300 0.00% 0.18% 031- Measure A 1,003,518 1,003,518 217,863 1,221,381 21.71% 4.82% 032 - ARPA Funding 1,240,448 1,240,448 - 1,240,448 0.00% 4.90% Total 24,955,645 24,955,645 375,274 25,330,919 1.50% 100.00% By Fund Type
General Fund 15,266,888 15,266,888 - 15,266,888 0.00% 60.27% Enterprise Fund 6,827,282 6,827,282 157,411 6,984,693 2.31% 27.57% Special Revenue Funds 2,861,475 2,861,475 217,863 3,079,338 7.61% 12.16% Total: 24,955,645 24,955,645 375,274 25,330,919 1.50% 100.00% Explanation of Budget Amendments
Fund Budget Action
Adjustment
Amount Council Action
Wastewater $ 25,000
Water $ 25,000
Water $ 107,411
Measure A $ 217,863
Budget Amendments by Account Number
Account Number Budget Item Current Budget
With Proposed
Amendment $ Change % Change
005-49652 Transfer from Reserves $ 1,087,954 $ 1,112,954 $ 25,000 2.30% 020-49661 Transfer from Reserves $ 1,305,008 $ 1,437,419 $ 132,411 10.15% 031-49736 Transfer from Reserves $ 551,607 $ 769,470 $ 217,863 39.50% Amendment Total: $ 375,274
Budget Amendments by Funding Source Type
Fund Current Budget
With Proposed
Amendment $ Change % Change
005-Wastewater $ 2,325,604 $ 2,350,604 $ 25,000 1.07%
020- Water $ 3,801,678 $ 3,934,089 $ 132,411 3.48%
031-Measure A 1,240,448 1,458,311 217,863 17.56%
To be taken on October 26, 2023 Transfer monies from Wastewater reserve to fund CalPERS additional discretionary payment.

Transfer monies from Water Fund reserve to fund the Reservoir No. 2 Roof Repair.

City Council authorized funding source on June
22, 2023
Transfer monies from Measure A to cover the additional construction cost associated with the 2022-23 Road Maintenance Project.

Transfer monies from Water reserve to fund CalPERS additional discretionary payment. To be taken on October 26, 2023
To be taken on October 26, 2023

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October 26, 2023
Exhibit A FY 2023-24 First Quarter
Budget Amendments
City of Buellton Fiscal Year 2023-24 Expenditure Budget Amendments Schedule of Expenditure
Fund Original Budget Current Budget
Proposed
Amendments Amended Budget % Change % of Budget
001- General 13,276,546 13,276,546 373,100 13,649,646 2.81% 57.60% 005- Wastewater 2,325,604 2,325,604 25,000 2,350,604 1.07% 9.92% 006- Wastewater Capital 315,000 315,000 - 315,000 0.00% 1.33% 020- Water 3,801,678 3,801,678 132,411 3,934,089 3.48% 16.60% 021- Water Capital 385,000 385,000 - 385,000 0.00% 1.62% 023- Housing 3,000 3,000 - 3,000 0.00% 0.01%
024 - Traffic Mitigation - - - - 0.00% 0.00%
025- Gas Tax 419,009 419,009 - 419,009 0.00% 1.77%
027- Local Transportation 147,000 147,000 - 147,000 0.00% 0.62% 029- Transportation
Planning 45,000 45,000 - 45,000 0.00% 0.19%
031- Measure A 1,003,518 1,003,518 217,863 1,221,381 21.71% 5.15% 032- ARPA Funding 1,228,698 1,228,698 - 1,228,698 0.00% 5.18% Total 22,950,053 22,950,053 748,374 23,698,427 3.26% 100.00% By Fund Type
General Fund 13,276,546 13,276,546 373,100 13,649,646 2.81% 57.60% Enterprise Fund 6,827,282 6,827,282 157,411 6,984,693 2.31% 29.47% Special Revenue Funds 2,846,225 2,846,225 217,863 3,064,088 7.65% 12.93% Total: 22,950,053 22,950,053 748,374 23,698,427 3.26% 100.00% Explanation of Budget Amendments
Fund Budget Action
Adjustment
Amount
General $ 3,000
General $ 8,000
General $ 21,750
General $ 215,350
General $ 125,000
Wastewater $ 25,000
Water $ 25,000
Water $ 107,411
Measure A $ 217,863
Council Action
Increase in appropriation by $25,000 for an additional discretionary payment towards CalPERS Unfunded Accrual Liability. To be taken on October 26, 2023 Increase appropriations by $8,000 for Buellton Fall Fest Carnival funding. City Council authorized expenditure on September 14, 2023
Increase appropriations by $3,000 to cover costs of attendance of additional conferences for the City Manager.

City Council authorized expenditure on July 27,
2023
To be taken on October 26, 2023 Increase in appropriation by $125,000 for an additional discretionary payment towards CalPERS Unfunded Accrual Liability.

Increase in appropriation by $25,000 for an additional discretionary payment towards CalPERS Unfunded Accrual Liability. To be taken on October 26, 2023 Increase appropriations by $21,750 to cover the full cost of the bid awarded to Unlimited Engineering for Village Park Improvements.

City Council authorized expenditure on
September 14, 2023
Increase appropriations by $215,350 to reflect new contract amount with the Santa Barbara County Sheriff's Department for law enforcement services.

City Council authorized expenditure on
September 28, 2023
City Council authorized expenditure on June
22, 2023
Increase in appropriations by $107,411 for the construction portion of the Reservoir Roof project.

Increase appropriation by $217,763 to cover the full cost of the bid awarded to Taylor Jane Construction for the 2022/23 Road Maintenance project.

City Council authorized expenditure on
September 14, 2023
`

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October 26, 2023
Exhibit A FY 2023-24 First Quarter
Budget Amendments
Budget Amendments by Account Number
Account Budget Item Department Current Budget
With Proposed
Amendment $ Change % Change
001-402-60710 Travel and Training City Manager 4,050 7,050 3,000 74.07% 001-410-69600 Undesignated Misc. Support Non-Departmental 4,000 12,000 8,000 200.00% 001-410-77000 Transfer to Other Funds Non-Departmental 4,335,925 4,357,675 21,750 0.50% 001-410-60905 CalPERS UAL Non-Departmental - 125,000 125,000 #DIV/0! 001-501-60800 Contract Services Public Safety 2,512,018 2,727,368 215,350 8.57% 005-701-60905 CalPERS UAL Wastewater - 25,000 25,000 #DIV/0! 020-601-60905 CalPERS UAL Water - 25,000 25,000 #DIV/0! 020-601-69100 Transfer to Other Funds Water 1,305,008 1,412,419 107,411 8.23% 031-560-77000 Capital Outlay Measure A 906,518 1,124,381 217,863 24.03% Amendment Total: $ 748,374
Department Summary
Fund Department Current Budget
With Proposed
Amendment $ Change % Change
General City Manager 340,172 343,172 3,000 0.88%
General Non-Departmental 5,544,001 5,698,751 154,750 2.79% General Public Safety 2,772,189 2,987,539 215,350 7.77% Wastewater Wastewater 2,325,604 2,350,604 25,000 1.07%
Water Water 3,801,678 3,934,089 132,411 3.48%
Measure A Measure A 1,003,518 1,221,381 217,863 21.71%
Amendment Total: $ 748,374

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October 26, 2023
Exhibit A FY 2023-24 First Quarter
Budget Amendments
City of Buellton Fiscal Year 2023-24 Capital Improvement Budget Amendments Project Number PROJECT DESCRIPTION
FY 2023-24 Original
Budget
FY 2023-24 Current
Budget
FY 2023-24
Additions/
(Deletions)
FY 2023-24
Proposed
Amended Total % Change
092-102 Storm Drain Outfall Repairs & Re-Establishment 40,000 40,000 - 40,000 0.00% 092-205 City Hall Repair (Roof) 50,000 50,000 - 50,000 0.00% 092-207 Santa Ynez River Trail 50,000 50,000 - 50,000 0.00% 092-212 The Avenue Median 3 Improvements 125,000 125,000 - 125,000 0.00% 092-214 City Hall Emergency Generator/Electrical Replacement 40,000 40,000 - 40,000 0.00% 092-217 River View Park Basketball Court Resurfacing 80,000 80,000 - 80,000 0.00% 092-220 Willemsen Parking Lot 1,400,000 1,400,000 - 1,400,000 0.00% 092-221 Willemsen House Renovation 1,545,000 1,545,000 - 1,545,000 0.00% 092-222 Village Park Playground Improvements 80,000 80,000 21,750 101,750 0.00% 092-307 McMurray Road Widening/ TS Improvements 579,452 579,452 - 579,452 0.00% 092-308 North Avenue of Flags Park & Ride 50,000 50,000 - 50,000 0.00% 092-321 Road Maintenance (22/23) 700,000 700,000 217,863 917,863 0.00% 092-322 Road Maintenance (23/24) 800,000 800,000 - 800,000 0.00% 092-401 Misc. River View Park Improvements 50,000 50,000 - 50,000 0.00% 092-603 WTP Facilities Improvement 150,000 150,000 - 150,000 0.00% 092-605 Water Treatment Plant 100,000 100,000 - 100,000 0.00% 092-607 Water Meter Upgrades 100,000 100,000 - 100,000 0.00% 092-609 Supplemental Well/WTP Feasibility 50,000 50,000 - 50,000 0.00% 092-610 Water Distribution System Improvements 100,000 100,000 - 100,000 0.00% 092-613 Reservoir No. 2 Reroof 1,839,702 1,839,702 107,411 1,947,113 0.00% 092-704 Sewer Line Replacement 250,000 250,000 - 250,000 0.00% 092-706 WWTP Facilities Improvements 300,000 300,000 - 300,000 0.00% 092-710 Plant Power Reliability 300,000 300,000 - 300,000 0.00% Total Capital Improvement Budget: 8,779,154 8,779,154 347,024 9,126,178 - Fund Account Description FY 2023-24 Original
Budget
FY 2023-24 Current
Budget
FY 2023-24
Additions/
(Deletions)
FY 2023-24
Proposed
Amended Total
% Change
001 092-49726 Transfer from General Fund 4,375,925 4,375,925 21,750 4,397,675 0% 005 092-49729 Transfer from Sewer Fund 550,000 550,000 - 550,000 0% 020 092-49732 Transfer from Water Fund 1,411,004 1,411,004 107,411 1,518,415 8% 025 092-49726 Transfer from Gas Tax Fund 297,009 297,009 - 297,009 0% 027 092-49733 Transfer from Local Transportation Fund 10,000 10,000 - 10,000 0% 031 092-49728 Transfer from Measure A 906,518 906,518 217,863 1,124,381 24% 032 092-49734 Transfer from American Relief Plan Act 1,228,698 1,228,698 - 1,228,698 0% Total Funding Sources: 8,779,154 8,779,154 347,024 9,126,178 32% Funding Source Budget Action Project No.

Adjustment
Amount Council Action
General Fund 092-222 $ 21,750
Water Fund 092-613 $ 107,411
Measure A 092-321 $ 217,863
Funding Sources
FY 2023-24 1st Quarter CIP Budget Amendment Requests
City Council authorized expenditure on
September 14, 2023
City Council authorized Expenditure on
September 14, 2023
Increase appropriations by $21,750 to cover the full cost of the bid awarded to Unlimited Engineering for Village Park Improvements.

Increase in appropriations by $107,411 for the construction portion of the Reservoir Roof project.

Increase appropriations by $217,863 to cover the full cost of the bid awarded to Taylor Jane Construction for FY 2022-23 Road Maintenance Project
City Council authorized expenditure on
June 22, 2023

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October 26, 2023
Exhibit A FY 2023-24 First Quarter
Budget Amendments
Budget Amendments by Account Number
Account Budget Item Type Current Budget
With Proposed
Amendment $ Change % Change
092-49727 Transfer from General Fund Transfer In 4,375,925 4,397,675 21,750 0.50% 092-222-74100 Construction/Improvement Expenditure 80,000 101,750 21,750 27.19% 092-49732 Transfer from Water Fund Transfer In 1,411,004 1,518,415 107,411 7.61% 092-613-71400 Construction/Improvement Expenditure 1,720,000 1,827,411 107,411 6.24% 092-49728 Transfer from Measure A Transfer In 906,518 1,124,381 217,863 24.03% 092-321-7100 Construction/Improvement Expenditure 540,000 757,863 217,863 40.35%

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CITY OF BUELLTON
City Council Agenda Staff Report
City Manager Review: SW
Council Agenda Item No.: 11

To: The Honorable Mayor and City Council
From: Scott Wolfe, City Manager
Meeting Date: October 26, 2023
Subject: Clarification of Staff Priorities of City Council Requests ______________________________________________________________________________

BACKGROUND
Staff takes direction from the City Council with regard to specific items of concern that should be addressed. Such direction is typically given by the City Council at regular Council meetings during the Council Member Comment portion of the agenda, and per City Council policy, requires a consensus of the City Council.

The number of items of direction has increased dramatically this year. This increase, along with some staffing shortages, the complexity of some of the direction items, and the overall increased workload of the departments tasked with these requests with projects outside the new Council direction, has resulted in the need to have the City Council provide staff with a prioritization of workload to ensure that staff can meet the demands of the City Council in a manner consistent with the City Council’s desires.

The list of Council requests from January to October of this year is included with this report as Attachment 1. This list contains separate requests made by the City Council, although some requests contain more than one topic, and there are a small number of duplicate requests. Also noted in parentheses are the department(s) that would be tasked with each request.

Attachment 2 contains a brief list of major projects or work products that are currently being worked on by each department (excepting the City Attorney). These do not include the “day to day” work conducted by each department in the course of their typical duties, but reflect extraordinary tasks, many of which are statutorily mandated, but all of which work toward the implementation of City Council policy.

Staff is requesting that the City Council review the attached lists and discuss the matter to establish priorities both for the list of new requests, but also to integrate the new requests into the list of existing projects for each department. Given the extent of new requests as well as the current project workload of each department, it may be desirable to have the

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Staff Priorities Page 2 October 26, 2023
City Council review and consider priorities individually for a few weeks and return at an upcoming meeting in November or December to discuss the prioritization. Staff will use this prioritization to determine our work focus for the foreseeable future. It is expected that as future requests come forward, that the City Council will want to establish a priority for them as staff is directed in order to clarify the immediacy of each new request.

FISCAL IMPACT
The establishment of City Council request priorities is not anticipated to result in direct fiscal impacts to the City. Individual priorities may require expenditure of funds which will be addressed at a future date following staff analysis and a report back to the City Council.

RECOMMENDATION
Staff recommends that the City Council review and discuss the materials presented with this report and establish an integrated prioritization for both new requests and the existing list, and direct staff as appropriate.

ATTACHMENTS
Attachment 1 - Council Request List - January 1, 2023 through October 12, 2023 Attachment 2 – Department Major Project lists

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Council Request List - January 1, 2023 to October 12, 2023:

1. Council Member commented on the recent storm and requested that staff review the conditions of approval for BUE 17 and also determine whether the City’s culverts are properly sized to handle future flooding events. (Public Works)

2. Council Member questioned whether the City Council can review some Planning Commission submittals initially, rather than it being an appeal process after a Planning Commission decision is rendered. City Attorney Murphy stated he can bring an item for Council discussion in February related to Council Member’s request. (Planning/City Manager)

3. Council Member requested that staff bring back the Avenue of Flags Specific Plan for review and discussion pertaining to architectural styles. City Manager Wolfe stated this item will be brought back during the upcoming goal setting meeting. (Planning/City Manager)

4. Council Member requested that staff look into traffic calming measures on Highway 246 through Buellton. City Manager Wolfe stated this issue is in progress through the Circulation Element. Council Member also requested that staff look into adding a crosswalk on South Avenue of Flags from Rancho de Maria to Flying Flags RV Resort.

Council Member requested that staff add a California State Flag on the Avenue of Flags.

The City Council agreed by consensus to bring back the items referenced above for further discussion. (Public Works/Planning/City Manager)

5. Council Member requested that staff look into adding truck or large vehicle parking on the Avenue of Flags. (Public Works)

6. Council Member requested that staff look into obtaining grants to help fund the Santa Ynez River Trail and broadband services in Buellton. The Council agreed by consensus to bring this item back for discussion at a future meeting.(City Manager)

7. Council Member requested that staff agendize an item to discuss what flags can be flown on the Avenue of Flags. The Council agreed by consensus to bring this item back for discussion at a future meeting. (Public Works/City Manager)

8. Council Member requested that staff look into upgrading the City’s server, installing Ring cameras around town for safety, and requested traffic safety measures (crosswalks/restriping) be added around Rancho de Maria and Flying Flags RV Resort. (Public Works/City Manager)

9. Council Member requested that the Arts and Culture Committee look into implementing an instrument donation program for kids in need and said he is willing to work with the Committee on this endeavor. (Recreation/City Manager)

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10. Council Member requested that staff look into adding a Ring camera program and additional roadway striping in the City. (Public Works/City Manager)

11. Council Member requested an update on the broadband equity program. (City Manager)

12. Council Member requested and the Council agreed by consensus to have staff look into expanding Library hours. (City Manager)

13. Council Member questioned whether the “skinny 246” concept of reducing the effective width of Highway 246 through Buellton can be brought forward as a discussion item in advance of its inclusion in the future Circulation Element update. (Planning/Public Works/City Manager)

14. Council Member requested and the Council agreed by consensus to have staff look into installing a splash pad in Buellton. (Public Works/Recreation)

15. Council Member requested a status pertaining to the installation of a crosswalk between Rancho de Maria and Flying Flags RV Resort and Campground. (Public Works)

16. Council Member requested that staff move the speed trailer to McMurray Road and look into the purchase of a second speed trailer. Council Member requested a future agenda item to discuss adding bike racks throughout Buellton, which was supported by the Council. Council Member requested a future agenda item to review the current staff holiday calendar and possibly add additional holidays to the list, which was supported by the Council. (Public Works/City Manager)

17. Council Member requested that the Circulation Element be agendized for review and discussion by the City Council. Council Member requested that staff look into replacing the internet exchange server so that email is more accessible. Council Member requested that staff have the speed trailer currently located on Avenue of Flags repaired or reprogramed so the lights are not flashing. (Planning/City Manager /Public Works)

18. Council Member also requested that staff look into replacing the internet exchange server so that email is more accessible. Council Member requested that staff look into adding dog bag stations on Dawn Drive near PAWS Park. (Public Works)

19. Council Member questioned Assembly Bill 43 and it’s relation to slowing traffic on Highway 246. The Council agreed by consensus to agendize this item for further discussion. (City Attorney/City Manager)

20. Council Member requested that staff budget shade structures at River View Park. (Public Works)

21. Council Member requested that staff look into adding a crosswalk between Rancho de Maria and Flying Flags RV Resort and Campground. (Public Works)

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22. Council Member discussed how food truck night could become a monthly event in Buellton and the Council agreed by consensus to agendize this item for further discussion. (City Manager)

23. Council Member discussed how Planning Commissioners are appointed and the Council agreed by consensus to agendize this item for further discussion. (City Manager/City Attorney)

24. Council Member requested that staff look into the purchase of a second speed trailer. (Public Works)

25. Council Member requested that staff begin using Instagram and the Council agreed by consensus to agendize this item for further discussion. (City Manager)

26. Council Member requested that the list of proposed grants being sought be provided to Council on a quarterly basis. (City Manager)

27. Council Member requested that the Buellton Library hours be extended. (City Manager)

28. Council Member requested that staff agendize discussion of the Urban Growth Boundary. (City Manager)

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PUBLIC WORKS DEPARTMENT (Current major projects)
South Ave of Flags Safety Study
Speed Limit study (various locations throughout city)
Ave of flags – flagpole
Village Park playground improvements
Splash Pads
RVP pickleball/basketball court resurfacing and improvements Willemsen House/Library Reno
Willemsen Parking Lot
Willemsen Barn
SYR Trail and grants
Local Roads Safety Plan
Active Transportation Plan (and updated Safe Routes to Schools Study) ADA Transition Plan
West Highway 246 – road improvements (skinny 246)
McMurray/246 intersection project and eminent domain
South Ave of Flags truck parking
Reservoir 2 roof
Jonata HOA consolidation study (state)
Willemsen Farmer run-off NOV
SD cleaning/ Sewer cctv cleaning
SD outfall Repairs
North Ave of Flags Park & Ride
FY 22/23 Rd Maintenance
FY 23/24 Rd Maintenance
WWTP Improvements (Aeration, blowers, clarifiers)
WTP Backwash Reclamation
Supplemental Water Storage – Fire flow and general capacity Supplemental Well and Water Treatment Plant
Sewer Line repairs
McMurray WTP Generator
Vehicle replacements
Loader/Backhoe replacements
City Hall Generator
SB1383 Compliance
Janitorial Service RFP
Lab Services RFP
Water/Wastewater Rates RFP

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PLANNING DEPARTMENT (Current major projects)
Median 3 Conceptual Design Conceptual Design
Housing Element Related Code Amendments
Parking Standards
Pre-designed ADU Plans
Willemsen IS/MND
River Trail (Alignment/Env. Review)
Street Vending Ordinance (SB 946)
Certification for Review Ordinance
Comprehensive Zoning Ordinance
Comprehensive General Plan Amendment
SB 9 Permanent Ordinance
ADU Ordinance (Updated)
Truck parking
Food truck ordinance
Standard Conditions of Approval
Subdivision Ordinance Update
Sign Ordinance Update

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CITY CLERK/HUMAN RESOURCES (Current Major Projects)
Recruitment
RFP – Class & Comp Study
2024 Election
Update Personnel Rules and Policies

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FINANCE (Current Major Projects)
Implementation of Tyler Technologies Interactive Virtual Response (IVR) for utility billing.

FY 2022-23 Annual Comprehensive Financial Report (ACFR) preparation Annual payroll tax filings such as W-2, 1099s.

FY 2023-24 Mid-Year Review and Budget Amendment preparation.

FY 2024-25 Budget Review and Amendments for Supplemental Budget Adoption.

Cost-of-Living Adjustment research and proposal.

FY 2023-24 Third Quarter Financial Report/Budget Amendments preparation.

FY 2023-24 Fourth Quarter Financial Report/Budget Amendments preparation. T FY 2023-24 Interim Audit.

Quarterly payroll and sales tax returns.

End of month journal entries and bank reconcilations.

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RECREATION (Current Major Projects)
Arts and Culture Committee
Holiday Bazaar
Renovation of Bike Skills Course
Resurfacing of Basketball Court
Development of Pickleball Court
Splash Pad research
Regional Acquatics Center
Winterfest
Thanksgiving Break Camps
Winter Break Camps

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CITY MANAGER (Current Major Projects)
Willemsen Property Occupation
City Property Use Licenses
AoF Motel Ordinance
Hwy 246/AoF Economic Development
Coordination/Development of Community Events
Urban Growth Boundary/Sphere of Influence
SYV River Trail
Law Enforcement enhancements
Staff succession planning
Central Coast Community Energy Operations Committee
General Regional Coordination efforts
Arts and Culture Committee (until Rec Dept staffing is complete)

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Buellton City CouncilOctober 26, 2023

Buellton City Council
October 26, 2023