City Council/Public Financing Authority
June 20, 2023

City of Huntington Beach
Draft Costing Summary City Proposal #1 6‐13‐23
Proposed Term: 3 years
Year 1Y e a r  2Y e a r  3
MOU
Item # Description
Estimated YOY
Impact
Estimated YOY
Impact
Estimated YOY
Impact
Total Cost of
Proposal Ongoing  Cost *Y e a r  1Y e a r  2Y e a r  3
% Cost
Increase Notes:
1T e r m :   3 years (Jul 1, 2023 ‐ Jun 30, 2026)
Salary Increases
Sworn 253,923                267,102               280,727                801,752                       940,343                        5.10% 5.36% 5.63% 16.09% Advanced POST
Sworn 70,495                  3,596                    3,779                     77,870                         77,870                          1.41% 0.07% 0.08% 1.56% Longevity Pay
Sworn 137,181                6,998                    7,355                     151,533                       151,533                        2.75% 0.14% 0.15% 3.04% General Leave Accrual
Sworn ‐                         ‐                         ‐                          ‐                                ‐                                  0.00% Compensatory Time Cashout
Sworn ‐                         ‐                         ‐                          ‐                                ‐                                  0.00% Health Benefits
Sworn 7,368                     13,506                 6,138                     27,012                         27,012                          0.15% 0.27% 0.12% 0.54% Total Cost of Proposal 468,967                 291,202               297,999                1,058,167                    1,196,758                     9.41% 5.84% 5.98% 21.24% * Ongoing Cost includes impact of proposed contract increases on the City's UAL.  Additional liabilities are incurred during FY's 26/27 ‐ 28/29 due to a lag in PERS reporting. 2 5%, 5%, 5%.  Total increase = 16.09%
3 Increase by 2% from 6% to 8%
6 New ‐ ability to cash out twice per year
7 Increase to monthly contributions beg. Jan 1,
2024 and Jan 1, 2025
4 Increase by 5% for 20+ yrs of service, from 11% to
16%
5 Based on total sworn experience, rather than only
at COHB.