Paradise City Council
May 13, 2025

Town of Paradise
Community Development Department
Request for Proposals (RFP)

COMPREHENSIVE GENERAL PLAN UPDATE,

ENVIRONMENTAL IMPACT REPORT, AND ZONING CODE

AMENDMENTS
Issued by:

Town of Paradise
5555 Skyway
Paradise, CA 95969
Susan Hartman
Community Development Director
(530) 872-6291 ext. 424
[email protected]
Proposals Due by: Wednesday, June 25, 2025, at 4:00 PM
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Town of Paradise
Request for Proposals
for Professional Services
The following schedule of events will be followed to the extent achievable; however, the Town reserves the right to adjust or make changes to the schedule as needed.

Estimated Timeline of Events
Date Activity
May 14, 2025 Release of Request for Proposals (RFP)
June 11, 2025 Deadline to Submit Questions
June 25, 2025 Submission of Proposals due by 4:00
PM
June 30-July 11,
2025
Review of Proposals
Week of July 21st Interviews / Presentations for highestrated firms Week of July 28th Notification of Final Selection
2 weeks following
next available
Council meeting
(August 12th)
Professional Service Agreement
Processed (pending award during
previous Town Council meeting)
Beginning of
following month
(September 2nd)
Professional Service Agreement Start
Date
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1.0 Preface
The Town of Paradise invites qualified consulting firms to submit proposals for Professional Services to prepare a comprehensive update to the Town of Paradise General Plan. The chosen Consultant(s) will conduct an environmental analysis, produce an Environmental Impact Report (EIR) to include background and technical documents, and all deliverables to prepare the draft General Plan. The Town anticipates the General Plan Update will be completed over a three-year period to include the completion of subsequent zoning code updates.

1.1 Introduction
The Town of Paradise Community Development Department (Planning Division) is seeking proposals from qualified Consultant(s) with expertise in drafting general plans to assist the Planning staff in the preparation of a comprehensive update to the Town’s General Plan. In addition, the qualified Consultant(s) shall prepare the environmental analysis of the completed general plan draft and zoning amendments by producing an Environmental Impact Report (EIR) in accordance with the California Environmental Quality Act (CEQA). The Consultant shall have a proven ability to assess a Town’s current conditions and demonstrate knowledge of current State and Federal regulations as it applies to the completion of general plan updates, zoning amendments and CEQA compliance.

The focus of this project is to respond to changes in the community and in circumstances that affect the future direction of the Town following the destructive 2018 Camp Fire through the comprehensive update to the existing General Plan. The Consultant shall conduct field studies and research as necessary, modify and add text focusing on policies and programs relevant to issues of existing Planning staff concerns, modify and add diagrams and maps, ensure that each element conforms to state law, and extend the General Plan’s horizon to year 2045. The updated General Plan will be based upon the results of a comprehensive visioning process and public engagement program to ensure that all facets of the community participate and are fully represented in shaping the Town of Paradise’s future.

The Town proposes to utilize the Consultant’s resources to manage and contribute to the update.

It is anticipated that one firm with ample staffing, or a team of qualified firms, will be selected to support the Town in the update of General Plan, including creating a detailed work plan for the update, conducting specialized technical analysis, preparing necessary studies, prepare current land use inventory, assist Planning staff to conduct public outreach, and preparing the EIR and coordinating EIR review by the public and interested agencies.

Amendments to the Zoning Code must be made to ensure compliance with the updated general plan and State planning and zoning law. The scope of this effort may include targeted zoning ordinances amendments or a comprehensive update of the Town’s Zoning Ordinance.

The Consultant’s work plan will address project budget parameters, including cost limitation mechanisms, creative approaches that use existing Town resources, and suggestions of which tasks will benefit from Town staff involvement and to what degree. Consultants are expected to propose cost effective methods that will deliver an updated product that satisfies the Town’s project goals. The Town anticipates the General Plan Update and EIR to be completed and ready for adoption within 24-30 months from execution of the Consultant contract and zoning code updates to be completed in the 6 months following that.

1.2 Project Location and Background
The Town of Paradise is located within Butte County in the northern central part of California.

Currently, Paradise is Butte County’s third largest incorporated jurisdiction with a January 2025 Dept of Finance population estimate of 10,691.
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On November 8, 2018, the most destructive wildfire in California history began in Butte County, California, and quickly spread to the Town of Paradise. After burning for over three weeks, the fire ultimately destroyed over 12,000 residential units, 400 commercial structures, and 3,000 accessory structures within the Town limits alone, with an estimated property loss of over $9 billion.

The Town of Paradise, incorporated in 1979, is located in eastern Butte County in the western foothills of the Cascade-Sierra Nevada Mountains. Located on a ridge with elevations ranging from 1,800 to 2,800 feet above sea level, Paradise is twelve miles east of Chico and ninety miles north of Sacramento. North of Paradise are the smaller unincorporated communities of Magalia, Paradise Pines, Nimshew and DeSabla, known collectively as the Upper Ridge. To the south of the town is the Lime Saddle and Lake Oroville State Recreation Areas.

1.3 General Plan Setting
The Town’s existing General Plan consists of seven elements. The Housing Element is the only element within the Town’s General Plan that has been continuously maintained and updated while the Safety Element was most recently updated to comply with SB 1035.

Element Adoption Year
Circulation (mandatory) 1994
Open Space/Conservation (mandatory) 1994
Land Use (mandatory) 1994
Noise (mandatory) 1994
Education & Social Services 1994
Safety (mandatory) 2024
Housing (mandatory) 2022
For the purpose of this RFP, at a minimum, the Town of Paradise is requesting updates to the mandatory Land Use, Noise, Circulation, and Open Space/Conservation Elements. The Town has updated and adopted post-Camp Fire Housing and Safety Elements reviewed and approved by the CA Department of Housing and Community Development and Board of Forestry, respectively. Through discussion with the selected consultant, the Town is also interested in feedback regarding whether existing elements should be combined, split, or if additional optional elements should be prepared as part of the update such as climate adaptation and resiliency and economic development in addition to or in lieu of the existing Education and Social Services Element.

A comprehensive update for the General Plan is necessary to satisfy State compliance with statutory requirements, internal consistency, and inclusion of Town planning programs. A new visioning document is needed to define the Town’s current and long-range planning goals for the next 20 years. The Town of Paradise needs to rely upon the General Plan to ensure that growth within the Town and infrastructure and services occur in a deliberate, guided, and intentional manner to ensure the Town is prepared for the next generation of development and growth. 607

1.4 Project Objectives
The objective of the Town of Paradise General Plan Update effort is to develop a comprehensive and internally consistent General Plan with Goals, Policies, Objectives, Land Use Designations, Program Policies, and Process Policies that are consistent with major policy directions of the Town of Paradise, and which provide guidance to the Town for the next 20 years. As part of this comprehensive update, the Town will engage the community and stakeholders for their input, as well as work with the Consultant(s) to analyze current and future trends, including advancements in technology, changes in industry, and other local and regional trends that impact local land use and the economy. This analysis will help the Town develop policies and recommendations that will best meet the current and future needs of the community. The final draft of the General Plan shall be comprehensive, internally consistent, and conform to state law requirements.

The completed General Plan shall address the following themes:
o Vision and Guiding Principles
 The new General Plan will include a vision for the future of Paradise created by the community. The community’s vision will be presented to the Town decision makers at the beginning of the process for their review and confirmation of the direction for the new General Plan. The General Plan shall incorporate a set of Guiding Principles, each with key strategies for achieving the community’s vision. o Authenticity
 The new General Plan will identify, evaluate, and highlight the physical, social, and cultural identities and community assets of Paradise’s communities and provide policies to enable community cohesion.
o Sustainability
 The new General Plan should integrate sustainability policies throughout and provide a path to improving outcomes on a range of environmental, economic, and social measures. This would be accomplished by analyzing the sustainability of community infrastructure systems and identifying potential sustainable infrastructure projects and improvements that touch on multiple elements of the Plan such as recreation, conservation, health, and economy, as well as sustainability.
o Community Enhancement
 This new General Plan update allows for consideration of specific needs experienced by existing communities and an opportunity to identify potential General Plan enhancement strategies and implementation measures. o Healthy Communities
 The new Plan should make improved health outcomes a key objective against which policies are measured. In addition to physical health outcomes, a broad definition of health may also consider well-being, happiness, and kindness. The Plan should explore the initiatives in each element to ensure that Paradise is a community that supports healthy and active living from youth through old age. 608

o Community Resiliency
 The new Plan must include extreme weather events and mitigation policies and strategies, in compliance with State law and to increase the resiliency of the Town and its most vulnerable communities through an integrated “in all policies” approach.
o Fiscal and Economic Development
 The Town of Paradise is committed to responsibly fostering economic development. Through economic and fiscal analyses of existing and projected conditions, the draft General Plan shall enhance economic development activities, business retention and expansion, and shall optimize the mix, amount, types, and location of land uses with the goal of achieving the highest possible quality of life and best future fiscal and economic health for the Town. Identifying underutilized land will be key in this analysis.
o Implementation
 The Town is committed to creating a Plan that is immediately ready for implementation. The Plan must include short, medium, and long-term steps for Town leadership and departments to implement its policies and objectives. Each of these should be paired with measurable, tangible indicators against which progress can be assessed.

2.0 Scope of Work
Services the successful Proposer will be expected to provide, include but are not limited to:

Proposers should feel free to include any other services not specified that they deem necessary to achieve the goals of this RFP.

Task 1.0 Project Administration

1.1 Project Management and Coordination
 Management and oversight of project and deliverables, as well as invoicing.  The Town will hold periodic meetings (initially, expectation is monthly and then can go bimonthly should the project schedule allow) and check-in calls with the Consultant(s) to ensure good communication on upcoming tasks and to confirm project deliverables are on schedule and within budget.
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1.2 Project Kick-Off Meeting and Town Tour
 Review and discuss overall format and organization of the General Plan update products.  Establish the roles and responsibilities of Town staff and the Consultant in preparing the General Plan, EIR, and involvement in public outreach efforts.
 Determine a schedule for work products and a method by which comments should be compiled.  Determine/confirm the planning area and community boundaries.  Identify all available GIS mapping data with assistance from the Town.  Refine the project schedule and work program.
 Discuss potential engagement with the Planning Commission and Town Council.  Establish monthly status reporting and project status meeting protocols.  Determine consultation and coordination of the GP update with appropriate governmental agencies.

1.3 Project and Community Outreach
 The Town will form a Technical Advisory Committee (TAC) consisting of 3-5 members from Town departments, the Planning Commission, and qualified individuals from agencies and the public as well may be appointment by the Planning Director, led by the Planning Division. The TAC will provide technical input and review of administrative draft documents throughout the GP update. The Consultant(s) and Town staff will facilitate the TAC meetings at keys phases in the update process, including the Background Report; Issues and Assets, Opportunities and Vision; Alternatives; General Plan preparation, and Draft EIR.
 Consultant(s) and the Town will hold a number of public outreach meetings/workshops and events to meet State requirements.
 The Consultant(s) will lead a community survey to understand the community’s wants, needs, and concerns regarding Paradise.
 A website will be crafted and created for the General Plan Update, so residents can follow along with the project timeline as well as important dates.
 Consultant(s) and Planning staff will use information gained during workshops to prepare the Draft Community Vision and Guiding Principles that represent the future for the Town of Paradise.  Creation and presentation of materials to the Planning Commission and/or Town Council, as needed.
 Consultant(s) to attend any public hearings or community workshops regarding the General Plan.

Task 2.0 Existing Conditions Background Report

2.1 Evaluation of Existing General Plan and Zoning Ordinance  Evaluation of Goals, Policies, and Objectives.
 Evaluation of land use designations.
 Evaluation of land development regulations.
 Evaluation of planning programs and policies.
 An overall evaluation to analyze the existing GP and zoning ordinance strengths and weaknesses and the efficiency and effectiveness of its policies and implementation programs. Town staff will detail the experience working with the existing GP and zoning ordinance and prioritize a list of major policy issues.
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2.2 Existing Conditions Information Review
 Consultant(s) to review existing conditions produced by Town staff and information collected from other departments to assess the usefulness of information to the update effort. The Consultant(s) shall then identify the additional research, data collection and growth, and economic trends analysis tasks necessary to complete the Background Report, GP update, and EIR.

2.3 Administrative Draft Existing Conditions Background Report  Consultant(s) shall produce an “Administrative Draft Existing Conditions Background Report”, which besides serving as the Existing Setting section for the General Plan and EIR, shall identify future opportunities and constraints, and where appropriate, lay the groundwork for policy development on the full range of environmental, land use and public service issues. The report shall also evaluate the Town’s regional context. The sections of the report will include land use, population, employment and housing, circulation and transportation, biological resources, cultural resources, economics, infrastructure, public services, noise, air quality, safety and hazards, geology, hydrology, and water quality.
 The Draft Report will be presented by the Consultant(s) to both the Planning Commission and the Town Council.

2.4 Final Background Report
 The Consultant(s) and Planning staff will facilitate TAC review of the draft report.  Based on TAC comments, the Consultant(s) will revise and update the document to create the Final Background Report.
 The Final Report will be presented to both the Planning Commission and the Town Council.

Task 3.0 Evaluating Alternatives

3.1 Land Use Alternative Concepts and Policy Option Topics  The Consultant(s) and staff will develop an existing trends scenario and alternative Land Use concepts. The Consultant(s) will prepare at least one land use alternative concept that focuses on future growth and development to the existing undeveloped and/or underutilized areas within the Town. In addition to land use concepts, the Consultants and Town staff will identify policy option topics to address key programmatic issues and opportunities. The Consultants and staff will review existing land use designations and develop a set of updated land use designations on which to base the land use alternative concepts. The land use designations will include allowed uses and standards of population density and building intensity. The designations will be illustrated with graphics and images to show the intended development outcome. The Consultants will provide technical analysis to estimate a balanced land supply for the different components of market demand through the planning horizon year. 3 611

3.2 Evaluate Growth Alternatives and Identify Policy Options  Using the Alternatives Concepts, the Consultant and staff will develop population and employment projections based on buildout of each alternative. The Consultant will evaluate the land use alternatives in terms of impacts on an identified set of topics, such as existing/programmed public facilities or networks, the natural environment, the economy, GHG emission reduction, and Town finances. The Consultant will address the fiscal implications of each alternative in fiveyear increments within the 20- year planning horizon. The Consultants and staff will develop policy options to address identified key assets, issues, and opportunities.

3.3 VMT Analysis
 The Consultant will conduct a Vehicle Miles Traveled (VMT) analysis per SB 743 for environmental clearance purposes. Through this process, a SB 743 screening criteria will be created in order to provide VMT thresholds.
 Types of screening criteria may include: located in a VMT efficient area, small projects, proximity to transit, retail and recreational, local-servicing public facilities, affordable housing, mixed-use projects, or redevelopment projects.
 Through this process, the Town will have adopted VMT thresholds, project screening criteria, and mitigation strategies in order to streamline CEQA projects within the Town.  VMT analysis should follow Governor’s Office of Land Use and Climate Innovation’s (LCI) recommended methodology to screen out VMT impacts by using project size, maps, transit availability, and affordable housing provisions.
 VMT analysis should also follow Caltrans methodology from their Transportation Impact Study Guidelines in addition to their SB 743 publications.

3.4 Fiscal Impact Analysis
 The Consultants will perform a fiscal analysis and report based on the land use alternatives.

Identifying underutilized commercial and industrial land will be key in this analysis. Through economic and fiscal analyses of existing and projected conditions, the draft General Plan shall optimize the mix, amount, types, and location of land uses.

3.5 Alternatives Report
 Consultants will compile the land use alternatives evaluation and policy options and key issues into an “Administrative Draft Alternatives Report” for TAC review. Following the review, the Consultant will revise the Alternatives Report to reflect changes directed by staff and produce and publish the Alternatives Report.

3.6 Preferred Alternative
 Based on direction from the Planning Commission and the Town Council, the Consultants and staff will prepare a Preferred Alternative land use diagram and description, as well as a set of preferred policy options to address identified assets, issues, and opportunities. 612

Task 4.0 General Plan Preparation

4.1 Goals, Policies, and Objectives Development
The General Plan update will be a comprehensive rewrite to accommodate the Town’s post-Camp Fire growth projections, address current community issues, and meet new statutory requirements. The focus of this task will be the development of new goals, policies, and objectives for each of the elements, which will include new focus areas, based on the Community Vision and Guiding Principals and the preferred alternative land use diagram and description. Potential environmental impacts should be considered in the development and evaluation of the draft goals, policies and objectives. Plan policies that serve as mitigation measures will be identified, so the need for additional mitigation should be limited.

The Town of Paradise’s existing General Plan consists of seven elements: the mandatory Land Use, Circulation, Housing, Safety, Noise, Open Space/Conservation (combined) and an optional Education and Social Services Element. The Consultant will confer with Planning staff on this format of the elements, and recommend whether existing elements should be combined, split, or if additional elements should be prepared as part of the update such as climate adaptation and resiliency and economic development. While the Housing and Safety Elements were recently updated, Town staff understand that amendments may be necessary to ensure consistency with the other elements of the updated Plan.

4.2 General Plan Draft
 Consultant(s) will prepare a draft General Plan for publication and environmental review.  Consultant(s) shall ensure the draft confirms to all State, County, and other legal requirements such as the General Plan Guidelines prepared by the State Governor’s Office of Land Use and Climate Innovation’s (LCI).
 Expected products/deliverables include:
o Draft General Plan Elements: 15 copies.
o Large-scale exhibits for workshops and public hearings. o Copies of all digital files used to inform and create the General Plan. o Conformances with current State Legislation.
 Consultant(s) is expected to consult with appropriate Federal, State, regional agencies, local agencies, and tribal agencies.
 The draft must meet applicable California Accessibility Standards.

4.3 Final General Plan
 The Final General Plan must meet applicable California Accessibility Standards.  Expected products/deliverables include:
o Adopted General Plan in hardcopy format: 10 copies.
o Adopted General Plan in Microsoft Word, and digital PDF file formats suitable for posting to the Town’s Website, for printing, and for distribution. o Color Land Use Element Exhibits: 10 copies.

Task 5.0 California Environmental Quality Act (CEQA) Program Environmental Impact Report (EIR)

5.1 Notice of Preparation
 Consultant will prepare a Notice of Preparation (NOP) of an Initial Study and Draft Environmental 613

Impact Report and circulate to the State Clearinghouse; Responsible Agencies; Trustee Agencies; other interested and affected State, County, and local governmental agencies; local Native American tribal representatives; and other groups and individuals that may have interested in the General Plan EIR.
 NOP will consist of a one-page form letter with a brief description of the scope of the project, the name and address of a town staff contact to submit comments to, and a map of the Town’s planning area.
 Town staff will produce, mail, and track all notices.  The NOP must meet applicable California Accessibility Standards.

5.2 Scoping Meeting
 Consultant and Planning staff will organize public scoping meeting(s) to solicit public comments concerning the environmental impact topics of concern and suggested approaches to avoid or reduce impacts of the Draft General Plan.
 Consultant and Town staff will lead the scoping meeting.  Consultant will record the meeting minutes.
 NOP shall serve as notice for the scoping meeting.

5.3 Draft EIR
 Consultant will prepare a comprehensive EIR containing all information required by Sections 15120 through 15132 of the CEQA Guidelines.
 The EIR will also fulfill requirements for the General Plan as identified in Government Code Section 65302, to fully characterize the environmental setting.  EIR will include Thresholds of Significance in order to streamline Town projects.  Consultant will produce and circulate Draft EIR for the mandatory 45-day public review period with the Notice of Availability (NOA).
 The NOA will identify the project and explain the public review process.  Town staff will be responsible for publication in the local newspaper and sending out other required notices.
 The Draft EIR must meet applicable California Accessibility Standards.  Consultant will prepare written responses to all written comments submitted to the Town.  If a substantial number of comments express the same concern(s), the Consultant will prepare a “master response” to that (those) comment(s).
 Consultant will respond to one round of staff comments on the draft responses.  Consultant will prepare Findings required under Section 15091 and if necessary, a Statement of Overriding Considerations (SOC) pursuant to Section 15093.  Consultant will submit the draft Findings and SOC for one round of review by staff and the Planning Commission and make one set of revisions for each.

5.4 Final EIR
 Consultant may make minor revisions to EIR text and exhibits, if warranted, to correct errors and/or provide clarifications or additional information.  Consultant will include responses to comments in the Final EIR.  Hardcopies will be provided for decision-making bodies.  Final EIR will be provided in Microsoft Word and PDF file formats suitable for posting to the 614

Town’s Website, for printing, and for distribution.
 The Final EIR must adhere to applicable State Accessibility Standards.

5.5 Notice of Determination
 Consultant will draft the Notice of Determination (NOD) for distribution upon adoption of the EIR by the Town Council.
 The NOD must meet applicable California Accessibility Standards.

Task 6 .0 Zoning Ordinance Review and Update

6.1 General Scope of Work
The following is a tentative scope of work for the Zoning Ordinance Review and Update. The Town expects the responding firms to provide a proposal response that will minimize the use of the Town staff, be cost effective and produce an exceptional product. The ordinance update will support and be consistent with the Town’s planning policies, including the Housing Element. Significant content from the existing ordinance is anticipated to be incorporated into the updated ordinance, with that content reviewed and revised.

6.2 Current Zoning Ordinance Review
 Consultant will review the current zoning ordinance for possible legal issues, antiquated content and inconsistent standards, and recommend amendments to the ordinances as an interim prior to the adoption of the revised document.
 A summary is to be provided to the Town for review and confirmation of the items that warrant immediate attention.

6.3 Draft Zoning Ordinance
 The Consultant shall provide all aspects of work required to prepare an updated zoning ordinance that is accurate, complete, and meets all requirements of planning, zoning, and land use law.
 The Consultant will prepare drafts of the zoning ordinance, including graphics and a digitized and updated zoning map, for review by Planning staff and the Planning Commission, culminating in a final version to be acted up.
 The revision should support the updated General Plan, new economic trends, future community needs, and utilize innovative zoning approaches when appropriate. The revision would include, but not be limited to:
o Appropriate revision of all zoning districts, including listing of permitted uses and uses allowed by a conditional use permit.
o Potential consolidation or simplification of existing zoning districts. o Appropriate revision of review procedures for proposed developments. o Appropriate revisions of development standards and standards of approval for site plans, conditional use permits, variances and municipal code amendments, etc. o Appropriate revisions of basic rules and regulations, such as setbacks, and separation distances; density, lot area and coverage; landscaping, screening and buffering requirements signage, parking and loading space allocation, etc. o Establishment or revision of rules and regulations for various uses considered uses permitted by conditional use permits.
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6.4 Public Outreach
 The Consultant will develop a public outreach strategy designed to inform community stakeholders and hear suggestions for improvements from the public.  The Consultant shall prepare public outreach/comment notices, required formal and summary discussion notes.

6.5 Public Hearings
 The Consultant should plan on attending at least three (3) public hearings or forums before the Planning Commission and Town Council, as needed.

6.6 Environmental Review
 Upon approval of the conceptual draft of the Zoning Ordinance, environmental review in compliance with state and federal laws will be conducted. The Consultant will be responsible for completing the proper level of review.
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3.0 Submission Requirements
Proposal Format: Proposals must contain the following:

1. Cover Letter
a. Please provide the Proposer's name, address, and telephone number. The letter must be signed by a representative authorized to enter into contracts on behalf of the Proposer.

2. Qualifications
a. Provide specific information concerning the Proposer's experience with the services specified in this RFP. Examples of completed projects, as current as possible, should be submitted as appropriate.

3. Company Profile
a. Provide a brief description of your company, including business structure, address, the total number of employees, overall industry experience, certifications, affiliations, and relevant experience. Support your capacity to perform the services detailed in this RFP.

4. Approach:
a. A thorough explanation of the Consultant’s proposed course of action. References should be made to the RFP requirements and the Consultant’s plans for meeting those requirements.
b. An itemized description of the proposed project schedule and the end products to be produced.
c. A project schedule shall indicate the logical breakdown of project tasks and completion deadlines. It should be designed to provide time for staff input. The Consultant should specify all scheduled meetings with staff. The schedule shall indicate all milestones, the critical path necessary for the project, and the anticipated completion timeframe upon notice to proceed. Time frames should be stated in terms of the number of calendar days required to complete the specified tasks. Timing for the preparation of the General Plan update and the EIR shall be overlapping. d. Preparation of a draft work plan identifying and describing in detail: tasks, meetings, products, Planning staff commitment needed, key personnel involvement, length of time to complete tasks, and budget.

5. References:
a. Please include at least three (3) references, including name, address, telephone number, and Email, for whom similar services have been provided.

6. Price Proposal:
a. Provide a transparent fee schedule that outlines all of the costs associated with the required services, broken down by category of products and services, and all on-going costs for recommended or required services.
b. Proposals should reflect time required to prepare for and attend, at a minimum:
i. Monthly coordination meetings with Planning staff, with an appropriate mix of in-person meetings and conference calls.
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ii. 1 internal kick-off meeting with Planning staff and other Town staff. iii. 10 community meetings/events-general plan.
iv. 5 Planning Commission meetings.
v. 7 Town Council meetings.
vi. 1 CEQA scoping meeting.
vii. Attendance and presentation at technical advisory body meetings as required.

The above meeting occurrences are tentative, and proposers are allowed to suggest a different set of meeting occurrences to better meet the needs and intent of the General Plan Update.

The proposal must include all requirements as listed and correlate to the Scope of Work outlined under this RFP.

Conflict of Interest: Proposer(s) shall disclose to the Town any interest, direct or indirect, which could conflict in any manner or degree with the performance of service required. At the Town's discretion, a potential conflict of interest, to the extent it is waivable, may be waived or factored into the final award decisions and/or a modified Scope of Work.

4.0 Selection Process
The proposals received in response to this RFP will be screened by a selection committee. The selection committee will consider only the proposals which have been considered responsive to the RFP. Any proposal that fails to meet the RFP's requirements will be regarded as non-responsive and may be rejected. A proposal, which is in any way incomplete, irregular, or conditional, at the Town's discretion, may be rejected. The following criteria, in weighted order, will be used in the evaluation of the potential consultants:

1. Qualifications

2. Understanding and approach

3. Personnel

4. Proposal format (completeness)

5. Experience and references

6. Proposed costs
The Town may meet or interview any or all of the proposers during the evaluation process. A contract will be negotiated with one or more qualified entities selected during the evaluation process. Proposals not selected in the evaluation process may be awarded a contract should negotiations with the selected Proposer(s) prove unsuccessful. The Town reserves the right to reject any and all proposals and reserves the right to waive any non-substantive defects in the proposals.

5.0 General Information
The Proposal, consisting of three (3) hard copies and one (1) electronic copy must be received by mail, recognized carrier, or hand delivered no later than 4:00 p.m. on Wednesday, June 25, 2025. Late Proposals will not be considered and will be returned, unopened.

Proposers are asked to direct all inquiries related to the project(s) to Susan Hartman, Community Development Director by email, [email protected] or by phone at (530) 872-6291 x424. 618

Proposals shall be addressed to:

Town of Paradise
Community Development Department
Attn: Susan Hartman, CDD Director
5555 Skyway
Paradise CA 95969
Proposal shall be clearly labeled “PROPOSAL for Professional Services – Town of Paradise Comprehensive General Plan Update, Environmental Impact Report and Zoning Amendments.” The Town will provide the following to assist the selected entity(s):
 Designate a person to act as the Town’s point of contact with respect to the work performed under the contract.
 Information, as legally allowed and reasonably attainable, in possession of the Town that relates to the requirements of the project(s), or which is relevant for the project(s).  Facilitate coordination with other entities, local agencies, organizations, and individuals if necessary.
 Advice on the project scope of work.
 Review and validation of project deliverables.
 Contract Schedule.

A contract award resulting from this RFP will be made without discrimination on any basis prohibited under state or federal law.

6.0 Attachments/Links
 Town of Paradise General Plan
 Town of Paradise Housing Element
 Town of Paradise Safety Element
 Town of Paradise Zoning Ordinance
 Town of Paradise Transportation Master Plan
 Town of Paradise CDBG-DR Infrastructure Action Plan
 Town of Paradise Long-Term Recovery Plan
 Town of Paradise Sewer Project
 Town of Paradise Standard Professionals Services Agreement (attached) 619

Town of Paradise
Council Agenda Summary
Date: May 13, 2025
Agenda Item: 6(e)
ORIGINATED BY: Jessica Erdahl, Supervising Project Manager REVIEWED BY: Jim Goodwin, Town Manager
SUBJECT: Award Construction Contract – On-System Road
Rehabilitation Project– Clark Road 2025

LONG TERM
RECOVERY PLAN:

Yes, Tier 1
COUNCIL ACTION REQUESTED:

1. Adopt Resolution No. 2025- , “ A Resolution of the Town Council of the Town of Paradise Awarding Construction Contract No. 7303.4 CON, On-System Road Rehabilitation Project – Clark Road 2025, to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid and designating authority to the Town Manager to Execute an Agreement with Baldwin Contracting Company, Inc. dba Knife River Construction and to approve contingency expenditures not exceeding 10%”. (ROLL CALL VOTE)
Background:

Due to the ongoing recovery effort and debris removal operations within the Town and Butte County, the Town’s on-system roadway infrastructure sustained heavy damage in the wake of the Camp Fire. The pavement structural sections were damaged in two ways:

1. Pavement scarring due to car fires – On the day of the Camp Fire, several motorists were required to abandon their vehicles and continue evacuating on foot. The subsequent car fires damaged the pavement, justifying the need for repair.

2. Pavement structural section damage due to heavy truck traffic – Following the Camp Fire, the Town experienced a staggering level of truck traffic. During the CALOES Debris Removal effort, over 3.7 million tons of material was removed, equivalent to approximately 300,000 truckloads. During that same period, PG&E, Comcast, and AT&T restored their damaged distribution infrastructure. Additionally, PG&E removed over 92,000 trees, and an additional 100,000 trees were removed in 2020 as part of the Hazard Tree Removal Program. The volume of trucks using the Town’s on-system roads has resulted in damage to the pavement structural section, justifying the need for rehabilitation.

The Town coordinated with Caltrans and Federal Highways Administration (FHWA) to secure Emergency Relief permanent restoration funding to repair damaged on-system roads town wide.

Through the Emergency Relief Program, the Town of Paradise has been approved for $55,439,200 for the on-system road rehabilitation project. The approved project is located on Federal-Aid “On-System” roads – meaning the Town’s primary collectors and arterials such as Skyway, Clark, Pearson, Elliott, Bille, Wagstaff, Pentz, etc.

On November 10, 2020, Paradise Town Council awarded master on-call contracts to Mark 620
Thomas, Dokken Engineering, GHD, Inc., Wood Rodgers, Inc. and Dewberry Drake Haglan to perform on-call professional civil engineering services for a variety of local, state, and federallyfunded projects. Subsequently, in January 2021, task orders were issued to Mark Thomas, Dokken Engineering, and Wood Rodgers, Inc. to perform civil design services on the on-system road rehabilitation project.

The overall scope of work for the combined Road Rehabilitation and HSIP Project can be summarized as follows:
 Repair Camp Fire damaged on-system roads to achieve a pre-fire condition.  Improve safety at two stop-controlled intersection with a combination of striping, warning/regulatory signs, improved pavement markings and providing improved sight triangles.

On June 14, 2022 Paradise Town Council awarded Contract No. 7303.1.CON, 2022 On-System Roadway Rehabilitation –Skyway (Project 1) to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid plus additive bid #1,$5,069,864.78.

On January 10, 2023 Paradise Town Council awarded Contract No. 7303.2.CON, 2023 OnSystem Roadway Rehabilitation – Pearson (Project 2) to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid,$5,339,517.50.

On June 18, 2024 Paradise Town Council awarded Contract No. 7303.3 CON, REBID 2024 OnSystem Road Rehabilitation /HSIP Systemic Intersection Safety Improvement Project (Project 3) to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid, $4,835,562.88.

On February 11, 2025 Paradise Town Council adopted a resolution approving the Plans, Specifications and Estimate for the On-System Road Rehabilitation Project– Clark Road 2025.

Council further directed staff to advertise for bids.

A vicinity map of the project limits is provided in this Agenda Summary.

Analysis:

On March 18, 2025, 3 bids were received by the Town Clerk and publicly opened. A list of bids received are shown in the table below:

Bid No. Contractor Base Bid Amount
X Engineer's Estimate $ 6,586,289.63
1 Mountain Cascade, Inc $ 6,113,510.42
2 Baldwin Contracting Company dba Knife River
Construction $ 6,445,840.80
3 DeSilva Gates Construction LLC $ 6,999,888.00
Per the contract specifications, the award of the contract, if it be awarded, will be to the lowest responsible, responsive bidder based upon the base bid plus additive bid (if applicable) whose bid complies with all the requirements prescribed.
621
The apparent low bidder at bid opening was Mountain Cascade, Inc. with a base bid of $6,113,510.42. On March 25, 2025 Balwin Contracting Company, Inc. dba Knife River Construction submitted a formal bid protest of the bid submitted by Mountain Cascade, Inc. citing the following deficiencies:

1. Mountain Cascade, Inc. submitted an inaccurate and false 15-G DBE Commitment form.

Mountain Cascade, Inc. has claimed DBE participation of $1,286,178 for 21.04% of their bid amount. Upon review, the DBE dollar amounts submitted by Mountain Cascade only add up to $1,058,531.84 or 17.31 % of their bid. In California, a contractor is responsible for submitting a complete and accurate 15-G DBE Commitment form within the time specified in the Special Provisions. Failure to do so results in the bid being a nonresponsive bid.

2. Per Section 2. G of the Special Provisions, "In accordance with Public Contract Code 4104 (a)(2)(B), the Town requires a completed subcontractor list at the bid opening. An incomplete subcontractors list results in a non-responsive bid." In addition, Section 2.G states: For each subcontractor listed, the Subcontractor List form must show:

Portion of work subcontractor will perform. Show the portion of the work by:
a. Bid item numbers for the subcontracted work
b. Dollar amount associated with the subcontracted work for each bid item listed c. Description of the subcontracted work if the percentage of the bid item listed is less than 100 percent.

Mountain Cascade did not comply with Section 2.G of the Special Provisions See attached Bid Protest letters for additional details. Mountain Cascade, Inc. did not provide a response to the Bid Protest letter.

Upon staff review of the bid proposal and subsequent Disadvantaged Business Enterprises and Section 3 paperwork, the following deficiencies were identified:

1. Exhibit 15-G Contract DBE Commitment – Bidder submittal was inaccurate and contained several errors.
a. Contract DBE Goal listed as 10%. Advertised DBE Goal was 21%. b. Total Claimed DBE participating listed was $1,286,178. Calculated at $1,058,531.84
c. Claimed DBE participating % listed was 21.04%. Calculated at 17.31%. d. Total dollar amount of ALL subcontractors listed was $4,245,313.30. Calculated at $2,595,311.78.

2. Section 3 Compliance - The work to be performed under this contract is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended, 12 U.S.C. 1701u (Section 3).
a. Form 3 List of Permanent Employees – This form is required for all Section 3- triggered projects and must be submitted per bid specifications for the prime contractor and all subcontractors. Form 3 was submitted with “TBD.” Bidder failed to list all current employees for self and subcontractors and indicate Section3/targeted Section 3 status.
b. Form 4 Documentation of Qualitative Efforts - This form is required for all Section 3-triggered projects and must be submitted per bid specifications. Form 4 was submitted with “ See GFE Binder” for all questions. GFE binder identifies qualitative efforts to solicit DBE/MBE/WBE firms and fails to solicit Section 3 workers. Section 3 is to ensure that employment and other economic opportunities generated by HUD assistance or HUD-assisted projects to the greatest extent 622
feasible, be directed to low- and very low-income persons and is not equivalent to DBE/MBE/WBE firms. Bidder failed to provide documentation of qualitative efforts to solicit Section3/targeted Section 3 workers.

3. Exhibit 12-B Bidder’s List of Subcontractors – Part 1 - Bidder submittal was inaccurate and contained several errors.
a. Subcontracted amount and % listed on form is inconsistent with subcontract amount calculated using bid item schedule for all subcontractors, excepting Action Sweeping Services.

As a result, staff is recommending the bid submitted by Mountain Cascade, Inc. be deemed nonresponsive, and an award to the next lowest responsible and responsive bidder, Baldwin Contracting Company, Inc. dba Knife River Construction with a base bid of $6,445,840.80. Their submittal exceeded the DBE goal with a 21.4% commitment and included an adequate GFE for both DBE and Section 3 requirements. Knife River Construction’s bid is $332,330.38 (5.4%) higher than the low bidder. This recommendation is made after careful review of the Knife River Constructions bid submittals including required Disadvantaged Business Enterprise (DBE)/Section 3 Commitment, DBE/Section 3 Good Faith efforts and subcontractor listings.

Financial Impact:

FHWA Emergency Relief funds have been authorized for construction and construction engineering phases at actual documented cost incurred.

The total estimated construction and construction engineering cost for the On-System Road Rehabilitation Project– Clark Road 2025 is $8,057,301. The estimated funding breakdown is shown below.

On-System Road Rehabilitation Project– Clark Road 2025
Contract Items
Total
Estimated Cost
ER 38Y0(012)

75.25%

CDBG-DR ER
Match

24.75%
NonParticipating
(Utility
Adjustments)
Construction Project 4 - 2025 Clark
$
6,445,840.80
$
4,772,611.45
$
1,569,729.35
$
103,500.00
Contingency (10%)
$
644,584.08
$
477,261.15
$
156,972.93
$
10,350.00
Construction Management (15%)
$
966,876.12
$
727,574.28
$
239,301.84
Total
$
8,057,301.00
$
5,977,446.88
$
1,966,004.12
$
113,850.00
Total Available Funding $35,331,942.88
$
25,831,018.50
$
8,549,714.38
$
951,210.00
Balance
$
27,274,641.88
$
19,853,571.62
$
6,583,710.26
$
837,360.00
Required On-System Road matching funds, $1,966,004.12 (24.75%), will be funded by the Community Development Block Grant-Disaster Recovery fund.

Attachments:

A. Resolution
B. Clark Road 2025 Project Map
C. Town Analysis of Mountain Cascade Bid
623
D. Bid Protest 1: Baldwin Contracting Company, Inc. dba Knife River Construction E. Bid Protest 2: Baldwin Contracting Company, Inc. dba Knife River Construction 624
1 TOWN OF PARADISE
RESOLUTION NO. 2025-_______

A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PARADISE AWARDING CONSTRUCTION CONTRACT NO. 7303.4 CON, ON-SYSTEM ROAD REHABILITATION PROJECT – CLARK ROAD 2025TO BALDWIN CONTRACTING COMPANY, INC. DBA

KNIFE RIVER CONSTRUCTION IN THE AMOUNT OF THEIR BASE BID AND

DESIGNATING AUTHORITY TO THE TOWN MANAGER TO EXECUTE AN AGREEMENT WITH BALDWIN CONTRACTING COMPANY, INC. DBA KNIFE RIVER CONSTRUCTION AND TO APPROVE CONTINGENCY EXPENDITURES NOT EXCEEDING 10% WHEREAS, on-system roads sustained damage as a result of the Camp Fire; and,
WHEREAS, the Town of Paradise has received a $55,439,200 allocation of Federal Highway Administration Emergency Relief Program funds; and, WHEREAS, the purpose of the Emergency Relief Program is Repair or reconstruction of Federal-aid highways and roads (“On-System”) which have suffered serious damage as a result of natural disasters.

WHEREAS, eligible repairs may include, but are not limited to, damage occurring to pavement or other surface courses, shoulders, embankments, cut slopes, roadside development, and stream channels, whether man-made or natural. Pavement repairs or reconstruction may also include rock slope protection, cribbing, or other stream bank control features, bridges, retaining walls, culverts and debris removal, including other deposits from roadway drainage channels and the traveled way.

WHEREAS, the On-System Road Rehabilitation Project – Clark Road 2025 is consistent with priorities identified in the Paradise Long-Term Recovery Plan prepared in response to the 2018 Camp Fire.

WHEREAS, the Town Council approved the Plans, Specification and Estimates and authorized advertisement for bids on the On-System Road Rehabilitation Project – Clark Road 2025 on the11th day of February 2025.

NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Paradise as follows:

Section 1. The Town Manager is authorized to award and execute the construction contract to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid for the On-System Road Rehabilitation Project – Clark Road 2025 and designate authority to the Public Works Director to approve continency expenditures not exceeding 10%.
625
2 PASSED AND ADOPTED by the Town Council of the Town of Paradise on this 13th day of May 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

By:

Steve Crowder, Mayor
ATTEST:

Melanie Elvis, Town Clerk
APPROVED AS TO FORM:

Scott E. Huber, Town Attorney
626
Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO, USGS, FAO, NPS, NRCAN, GeoBase, IGN, Kadaster NL, Ordnance Survey, Esri Japan, METI, Esri China (Hong Kong), (c) OpenStreetMap contributors, and the GIS User Community ±
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OONN--SSYYSSTTEEMM RROOAADD RREEHHAABBIILLIITTAATTIIOONN PPRROOJJEECCTT -- CCLLAARRKK RROOAADD 22002255

FFHHWWAA

TOWN OF PARADISE

PUBLIC WORKS DEPARTMENT
5555 Skyway Road
Paradise, California 95969 J ERDAHL
JAN 2025

PROJECT

LOCATION
MAP
Clark Road
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Town of Paradise
Council Agenda Summary
Date: May 13, 2025
Agenda Item: 6(f)
ORIGINATED BY: Marc Mattox, Town Engineer
REVIEWED BY: Jim Goodwin, Town Manager
SUBJECT: Public Utility Easement Abandonment – Deodora Way

LONG TERM
RECOVERY PLAN:

No.

COUNCIL ACTION REQUESTED:

1. Adopt Resolution No. 2025-____” A Resolution of the Town Council of the Town of Paradise Providing for the Summary Vacation of the Existing 12-foot-wide Public Utility Easement along the South Property Line of Lots 15 and 16 of the Woodland Acres Subdivision, Recorded in Book 22 of Maps at Page 38, located in County of Butte, Paradise California; APN 053-300-046 and 053-300-016.” (ROLL CALL VOTE) Background:

The “Woodland Acres Subdivision” which was filed for record December 12, 1962 in Book 28 of Maps at Page 29 and 30, depicts a 12-foot public utility easement along the rear property line of all properties within the subdivision.

The applicants, Roger and Brenda Greene are seeking additional flexibility for their property that necessitates the vacation of the above-referenced public utility easement, as it could affect the use of their property for septic installation or other needs.

Analysis:

The specific application request is for the following:

Abandon the existing 12-foot-wide Public Utility Easements along the southern property line of Lots 15 and 16 of the Woodland Acres Subdivision, Recorded in Book 22 of Maps at Page 38, located in County of Butte, Paradise California; APN 053-300-046 and 053- 300-016.

The applicants have filed a request of the proposed abandonments to PG&E, AT&T, PID and Comcast. These four utility providers issued a letter indicating they have no objection to the abandonments of the public utility easement (see attached letters).

The Town of Paradise has no facilities within the easements, and no new facilities are planned within the easements proposed to be vacated. Additionally, the Town has not utilized these easements and has not expended any public funding on facilities within these easements.

This summary vacation was prepared for Town Council consideration in accordance with the Streets and Highways Code Sections 8333, 8335 and 8336. 652
Financial Impact:

There is no financial impact associated with this abandonment. The costs associated with the processing of this abandonment application have been borne by the applicants. 653
1 TOWN OF PARADISE
RESOLUTION NO. 2025-____

A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PARADISE PROVIDING FOR THE SUMMARY VACATION OF THE EXISTING 12-FOOT-WIDE PUBLIC UTILITY EASEMENT ALONG THE SOUTH PROPERTY LINE OF LOTS 15 AND 16 OF THE WOODLAND ACRES SUBDIVISION, RECORDED IN BOOK 22 OF MAPS AT PAGE 38, LOCATED IN COUNTY OF BUTTE, PARADISE CALIFORNIA; APN 053-300-046 AND 053-300-016.

WHEREAS, the Town of Paradise has received an application from Roger and Brenda Greene, requesting the abandonment of an existing 12-foot public utility easement described shown on the south property line of Lots 15 and 16 of the Woodland Acres Subdivision, recorded in Book 22 of Maps at Page 38, located in County of Butte, Paradise California; APN 053-300-046 and 053-300-016; and WHEREAS, a Public Utility Easement may be summarily vacated pursuant to the provisions of Streets and Highway Code Sections 8333 and 8335 if subject easement(s) have not been used for its intended purpose for five years immediately preceding the proposed vacation.

NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town of Paradise as follows:

SECTION 1. The Council finds, from all evidence submitted, that the 12-foot public utility easement along the south property line of Lots 15 and 16 of the Woodland Acres Subdivision, recorded in Book 22 of Maps at Page 38, located in County of Butte, Paradise California; APN 053-300-046 and 053-300-016 has not been used for its intended purpose for the preceding five years and that it is unnecessary for present or prospective use,
SECTION 2. that no public funds have been expended on this easement within the past five years,
SECTION 3. that this vacation is made under division 9, part 3, Chapter 4 of the Streets and Highways Code,
SECTION 4. that the 12-foot public utility easement described is hereby vacated, SECTION 5. that the Town Clerk shall cause a certified copy of this resolution, attested by the Clerk under seal, to be recorded without acknowledgement, or further proof in the Office of the Recorder of the County of Butte. Upon such recordation the vacation shall be complete.
654
2 PASSED AND ADOPTED by the Town Council of the Town of Paradise on this 13 th day of May 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

By:

Steve Crowder, Mayor
ATTEST:

Melanie Elvis, Town Clerk
APPROVED AS TO FORM:

Scott E. Huber, Town Attorney
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Town of Paradise
Council Agenda Summary
Date: May 13, 2025
Agenda Item: 6(g)
ORIGINATED BY: Jessica Erdahl, Supervising Project Manager REVIEWED BY: Jim Goodwin, Town Manager
SUBJECT: Award Construction Contract –On-System Road
Rehabilitation – Misc 2025 /HSIP Systemic Intersection
Safety Improvement Project

LONG TERM
RECOVERY PLAN:

Yes, Tier 1
COUNCIL ACTION REQUESTED:

1. Consider adopting Resolution No. 2025- , “ A Resolution of the Town Council of the Town of Paradise Awarding Construction Contract No. 7303.5 CON, On-System Road Rehabilitation – Misc 2025 /HSIP Systemic Intersection Safety Improvement Project, to All-American Construction, Inc. in the amount of their base bid of $8,416,590.87 and designating authority to the Town Manager to Execute an Agreement with All-American Construction, Inc. and to approve contingency expenditures not exceeding 10%”. (ROLL CALL VOTE)
Background:

Due to the ongoing recovery effort and debris removal operations within the Town and Butte County, the Town’s on-system roadway infrastructure sustained heavy damage in the wake of the Camp Fire. The pavement structural sections were damaged in two ways:

1. Pavement scarring due to car fires – On the day of the Camp Fire, several motorists were required to abandon their vehicles and continue evacuating on foot. The subsequent car fires damaged the pavement, justifying the need for repair.

2. Pavement structural section damage due to heavy truck traffic – Following the Camp Fire, the Town experienced a staggering level of truck traffic. During the CALOES Debris Removal effort, over 3.7 million tons of material was removed, equivalent to approximately 300,000 truckloads. During that same period, PG&E, Comcast, and AT&T restored their damaged distribution infrastructure. Additionally, PG&E removed over 92,000 trees, and an additional 100,000 trees were removed in 2020 as part of the Hazard Tree Removal Program. The volume of trucks using the Town’s on-system roads has resulted in damage to the pavement structural section, justifying the need for rehabilitation.

The Town coordinated with Caltrans and Federal Highways Administration (FHWA) to secure Emergency Relief permanent restoration funding to repair damaged on-system roads town wide.

Through the Emergency Relief Program, the Town of Paradise has been approved for $55,439,200 for the on-system road rehabilitation project. The approved project is located on Federal-Aid “On-System” roads – meaning the Town’s primary collectors and arterials such as Skyway, Clark, Pearson, Elliott, Bille, Wagstaff, Pentz, etc. 681
Additionally, in 2018 the Town was approved for $1,229,300 in Cycle 9 Highway Safety Improvement Program (HSIP) funds to improve safety at thirteen stop-controlled intersections at various locations. The countermeasure will be to systemically improve minor street approaches with a combination of additional intersection warning/regulatory signs, improved pavement markings, and providing improved sight triangles. For efficiency this project will be bid and constructed with the On-System Road Rehabilitation projects.

On November 10, 2020, Paradise Town Council awarded master on-call contracts to Mark Thomas, Dokken Engineering, GHD, Inc., Wood Rodgers, Inc. and Dewberry Drake Haglan to perform on-call professional civil engineering services for a variety of local, state, and federallyfunded projects. Subsequently, in January 2021, task orders were issued to Mark Thomas, Dokken Engineering, and Wood Rodgers, Inc. to perform civil design services on the on-system road rehabilitation project.

The overall scope of work for the combined Road Rehabilitation and HSIP Project can be summarized as follows:
 Repair Camp Fire damaged on-system roads to achieve a pre-fire condition.  Improve safety at two stop-controlled intersection with a combination of striping, warning/regulatory signs, improved pavement markings and providing improved sight triangles.

On June 14, 2022 Paradise Town Council awarded Contract No. 7303.1.CON, 2022 On-System Roadway Rehabilitation –Skyway (Project 1) to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid plus additive bid #1, $5,069,864.78.

On January 10, 2023 Paradise Town Council awarded Contract No. 7303.2.CON, 2023 OnSystem Roadway Rehabilitation – Pearson (Project 2) to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid, $5,339,517.50.

On June 18, 2024 Paradise Town Council awarded Contract No. 7303.3 CON, REBID 2024 OnSystem Road Rehabilitation /HSIP Systemic Intersection Safety Improvement Project (Project 3) to Baldwin Contracting Company, Inc. dba Knife River Construction in the amount of their base bid, $4,835,562.88.

On February 11, 2025 Paradise Town Council adopted a resolution approving the Plans, Specifications and Estimate for the On-System Road Rehabilitation Project– Clark Road 2025 (Project 4). Council further directed staff to advertise for bids.

On March 11, 2025 Paradise Town Council adopted a resolution approving the Plans, Specifications and Estimate for the On-System Road Rehabilitation Project– Misc 2025 /HSIP Systemic Intersection Safety Improvement Project (Project 5). Council further directed staff to advertise for bids.

A vicinity map of the Project 5 limits is provided in this Agenda Summary.

Analysis:

On April 24, 2025, 5 bids were received by the Town Clerk and publicly opened. A list of bids received are shown in the table below:
682
Bid No. Item Description Base Bid Amount
X Engineer's Estimate $ 9,462,167.87
1 All-American Construction, Inc. $ 8,416,590.87
2 DeSilva Gates Construction LLC $ 8,670,670.00
3 Argonaut Constructors, Inc. $ 9,014,786.80
4 McGuire and Hester $ 9,166,165.00
5 Baldwin Contracting Company dba Knife River $ 9,291,053.75 Per the contract specifications, the award of the contract, if it be awarded, will be to the lowest responsible, responsive bidder based upon the base bid plus additive bid whose bid complies with all the requirements prescribed.

Staff is recommending award of Contract No. 7303.5 CON On-System Road Rehabilitation – Misc 2025 /HSIP Systemic Intersection Safety Improvement Project to All-American Construction, Inc. in the amount of their base bid of $8,416,590.87. This recommendation is made after careful review of the Contractor’s bid submittals including required Disadvantaged Business Enterprise (DBE)/Section 3 Commitment, DBE/Section 3 Good Faith efforts and subcontractor listings.

Financial Impact:

FHWA Emergency Relief funds have been authorized for construction and construction engineering phases at actual documented cost incurred.

The total estimated construction and construction engineering cost for the On-System Road Rehabilitation – Misc 2025 /HSIP Systemic Intersection Safety Improvement Project is $10,482,698.59. The estimated funding breakdown is shown below.

On-System Road Rehabilitation – Misc 2025 /HSIP Systemic Intersection Safety Improvement Project
Contract Items
Total
Estimated
Cost
ER 38Y0(012)

75.25%

CDBG-DR ER
Match

24.75%
HSIPL 5425
(041) 90%
HSIP
Match LTF
10%
NonParticipating
(Utility
Adjustments)
Construction
Project 5 -Misc
2025
$
8,416,590.87
$
6,054,222.77
$
1,991,256.00
$
105,760.89
$
11,751.21 $ 253,600.00
Contingency
(10%)
$
841,659.09
$
605,422.28
$
199,125.60 $ 10,576.09
$
1,175.12 $ 25,360.00
Construction
Management
(15%)
$
1,224,448.63
$
908,133.42
$
298,688.40 $ 15,864.13
$
1,762.68
683
Total
$
10,482,698.59
$
7,567,778.47
$
2,489,069.99
$
132,201.11
$
14,689.01 $ 278,960.00
Total Available
Funding
$
27,643,888.88
$
19,853,571.62
$
6,583,710.26
$
332,322.30
$
36,924.70 $ 837,360.00
Balance
$
17,161,190.29
$
12,285,793.15
$
4,094,640.26
$
200,121.18
$
22,235.69 $ 558,400.00
Required On-System Road matching funds, $2,489,069.99 (24.75%), will be funded by Community Development Block Grant-Disaster Recovery funds. Required HSIP matching funds, $14,689.01 (10%), will be funded by Local Transit Funds.

Attachments:

A. Resolution
B. Project Map – Misc 2025
684
1 TOWN OF PARADISE
RESOLUTION NO. 2025-_______

A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PARADISE AWARDING CONSTRUCTION CONTRACT NO. 7303.5 CON, ON-SYSTEM ROAD REHABILITATION – MISC 2025 /HSIP SYSTEMATIC INTERSECTION SAFETY IMPROVEMENT PROJECT, TO ALL-AMERICAN CONSTRUCTION, INC. IN THE AMOUNT OF THEIR BASE BID OF $8,416,590.87 AND DESIGNATING AUTHORITY

TO THE TOWN MANAGER TO EXECUTE AN AGREEMENT WITH ALL-AMERICAN CONSTRUCTION, INC. AND TO APPROVE CONTINGENCY EXPENDITURES NOT EXCEEDING 10%
WHEREAS, on-system roads sustained damage as a result of the Camp Fire; and, WHEREAS, the Town of Paradise has received a $55,439,200 allocation of Federal Highway Administration Emergency Relief Program funds; and, WHEREAS, the purpose of the Emergency Relief Program is Repair or reconstruction of Federal-aid highways and roads (“On-System”) which have suffered serious damage as a result of natural disasters; and,
WHEREAS, eligible repairs may include, but are not limited to, damage occurring to pavement or other surface courses, shoulders, embankments, cut slopes, roadside development, and stream channels, whether man-made or natural. Pavement repairs or reconstruction may also include rock slope protection, cribbing, or other stream bank control features, bridges, retaining walls, culverts and debris removal, including other deposits from roadway drainage channels and the traveled way; and, WHEREAS, the Town of Paradise has received a $1,229,300 allocation of Federal Highway Administration Highway Safety Improvement Program funds; and, WHEREAS, the purpose of the Highway Safety Improvement Program is to achieve a significant reduction in traffic fatalities and serious injuries on public roads; and, WHEREAS, the On-System Road Rehabilitation – Misc 2025/HSIP Systematic Intersection Safety Improvement Project is consistent in scope with the approved Emergency Relief and Highway Safety Improvement Program funds; and, WHEREAS, the On-System Road Rehabilitation – Misc 2025/HSIP Systematic Intersection Safety Improvement Project is consistent with priorities identified in the Paradise Long-Term Recovery Plan prepared in response to the 2018 Camp Fire; and, WHEREAS, the Town Council approved the Plans, Specification and Estimates and authorized advertisement for bids on the On-System Road Rehabilitation- Misc 2025/HSIP Systematic Intersection Safety Improvement Project on the 11th day of March 2025.
685

TOWN OF PARADISE
RESOLUTION NO. 2025-___
2 NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Paradise as follows:

Section 1. The Town Manager is authorized to award and execute the construction contract with All-American Construction, Inc. in the amount of their base bid. for the OnSystem Road Rehabilitation – Misc 2025/HSIP Systematic Intersection Safety Improvement Project and designate authority to the Public Works Director to approve continency expenditures not exceeding 10%.

PASSED AND ADOPTED by the Town Council of the Town of Paradise on this 13th day of May 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

By:

Steve Crowder, Mayor
ATTEST:

Melanie Elvis, Town Clerk
APPROVED AS TO FORM:

Scott E. Huber, Town Attorney
686
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!(
Elliott Rd
Pentz Rd
Pearson Rd
Bille Rd W Bille Rd
Buschmann Rd
Skyway S
Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO, USGS, FAO, NPS, NRCAN, GeoBase, IGN, Kadaster NL, Ordnance Survey, Esri Japan, METI, Esri China (Hong Kong), (c) OpenStreetMap contributors, and the GIS User Community ±
0 0.5 1
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OONN--SSYYSSTTEEMM RROOAADD RREEHHAABBIILLIITTAATTIIOONN PPRROOJJEECCTT

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FFHHWWAA

TOWN OF PARADISE

PUBLIC WORKS DEPARTMENT
5555 Skyway Road
Paradise, California 95969 J ERDAHL
FEB 2025

PROJECT

LOCATION
MAP
Legend
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687

Town of Paradise
Council Agenda Summary
Date: May 13, 2025
Agenda Item: 6(h)
ORIGINATED BY: Aimee Beleu, Finance Director / Town Treasurer REVIEWED BY: Jim Goodwin, Town Manager
SUBJECT: FY 2024-25 Operating and Capital Budget Update COUNCIL ACTION REQUESTED:

1. After presentation, review and file the financial information provided by staff concerning the FY 2024-25 operating and capital budgets; and,

2. Adopt Resolution No. 2025- ____ “A Resolution of the Town Council of the Town of Paradise Adopting Budget Amendment to the 2024/2025 Fiscal Year Budget” (ROLL CALL VOTE)
Background:

The fiscal year (FY) 2024-25 operating and capital budgets were adopted July 9, 2024. The General Fund was adopted with a balanced budget, which was achieved through a transfer from the PRO Settlement funds to compensate for revenue shortfalls resulting from the 2018 Camp Fire.

Currently, about 10 months of transactions have been recorded for the current fiscal year.

Revenues and expenditures from the beginning of FY 2024-25 through the end of April 2025 have been recorded and reviewed in preparation of the analysis below. Staff will continue to closely monitor costs and prepare recommended budget updates regularly to keep the Town Council and community appraised of any significant changes.

Analysis:

New projects have occurred after the adoption of the 2024/2025 budget. As a result, Revenues and Expenses need to be updated within the budget. Below are the details of those projects.

F2298 Roe Road Phase 1
Revenue $58,036
Expense $58,036
Impact: 0
2301 CDBG-DR - Roe Road Extension Phase II
Revenue $1,126,754
Expense $1,126,754
Impact: 0
Financial Impact:

There will be no financial impact on the General Fund. The budget has been augmented to reimbursable Funds.
688

TOWN OF PARADISE
RESOLUTION NO. 2025-__

A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PARADISE ADOPTING BUDGET AMENDMENTS TO THE 2024/2025 FISCAL YEAR BUDGET
WHEREAS, the FY 2024/25 budget was adopted July 9, 2024; and WHEREAS, throughout the year budget modifications are needed to account for shifts in revenue and unanticipated expenditures incurred throughout the year; and WHEREAS, deviations in budget should be recorded to project current financial standing; and,
WHEREAS, the Finance Department has identified budget items in need of adjustment.

NOW, THEREFORE, the Town Council of the Town of Paradise does resolve as follows:

The Town Council hereby approves the requested budget modifications for the 2024/25 budget year as presented in Exhibit “A” Budget Amendments Report, Exhibit “B” Budget by Fund Category Report Fund 2298, and Exhibit “C” Budget by Fund Category Report Fund 2301.

PASSED AND ADOPTED by the Town Council of the Town of Paradise this 13 th day of May,
2025, by the following vote:

AYES:

NOES:

ABSENT:

NOT VOTING:
_________________________
Steve Crowder, Mayor
ATTEST:
_______________________________
Melanie Elvis, Town Clerk
APPROVED AS TO FORM:
________________________________
Scott Huber, Town Attorney
689
Account G/L Date Journal Description Increases Decreases Amended Balance Fund: 2298 Grants Miscellaneous Federal
Department: 45 Public Works
Program: 9428 Roe Road Phase 1
3310.099 - Federal Funding Federal Grants Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Revenue $58,036.00 $0.00 $58,036.00 $58,036.00 $0.00 $58,036.00
5101 - Salaries - Permanent Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $43,452.00 $0.00 $43,452.00 $43,452.00 $0.00 $43,452.00
5109.101 - Allowances Boot Allowance Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $150.00 $0.00 $150.00
$150.00 $0.00 $150.00
5111 - Medicare Amended Balance as of: 7/1/2024 $0.00
05/01/2025 2025-00001439 Wage $594.00 $0.00 $594.00
$594.00 $0.00 $594.00
5112.101 - GASB 68 - Pension Expense PERS Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $4,152.00 $0.00 $4,152.00 $4,152.00 $0.00 $4,152.00
5113 - Worker's Compensation Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $131.00 $0.00 $131.00
$131.00 $0.00 $131.00
5114.101 - Health Insurance Medical Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $3,266.00 $0.00 $3,266.00 $3,266.00 $0.00 $3,266.00
5114.102 - Health Insurance Dental Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $64.00 $0.00 $64.00
$64.00 $0.00 $64.00
user: Aimee Beleu Pages 1 of 5 Tuesday, May 6, 2025
Budget Amendments Report

TOWN OF PARADISE
From Date: 7/1/2024 - To Date: 5/31/2025
Exhibit "A"
690
Account G/L Date Journal Description Increases Decreases Amended Balance Fund: 2298 Grants Miscellaneous Federal
Department: 45 Public Works
Program: 9428 Roe Road Phase 1
5114.103 - Health Insurance Vision Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $34.00 $0.00 $34.00
$34.00 $0.00 $34.00
5115 - Unemployment Compensation Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $263.00 $0.00 $263.00
$263.00 $0.00 $263.00
5116.101 - Life and Disability Insurance Life & Disab. Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $88.00 $0.00 $88.00
$88.00 $0.00 $88.00
5116.102 - Life and Disability Insurance Long Term/Short Term Disability Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $423.00 $0.00 $423.00
$423.00 $0.00 $423.00
5199.130 - Other Payroll Expenses Interfund Payroll Transfers Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Wage $5,352.00 $0.00 $5,352.00 $5,352.00 $0.00 $5,352.00
5216.100 - Communications General Services Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001439 Communication $67.00 $0.00 $67.00 $67.00 $0.00 $67.00
Program: 9428 Roe Road Phase 1 Totals: $116,072.00 $0.00 Department: 45 Public Works Totals: $116,072.00 $0.00
Fund Totals: Grants Miscellaneous Federal $116,072.00 $0.00 user: Aimee Beleu Pages 2 of 5 Tuesday, May 6, 2025
Budget Amendments Report

TOWN OF PARADISE
From Date: 7/1/2024 - To Date: 5/31/2025
691
Account G/L Date Journal Description Increases Decreases Amended Balance Fund: 2301 CDBG-DR
Department: 45 Public Works
Program: 9434 Roe Road Extension Phase II
3310.099 - Federal Funding Federal Grants Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Revenue $26,754.00 $0.00 $26,754.00 $26,754.00 $0.00 $26,754.00
5101 - Salaries - Permanent Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $22,211.00 $0.00 $22,211.00 $22,211.00 $0.00 $22,211.00
5109.101 - Allowances Boot Allowance Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $75.00 $0.00 $75.00
$75.00 $0.00 $75.00
5111 - Medicare Amended Balance as of: 7/1/2024 $0.00
05/01/2025 2025-00001437 Wage $303.00 $0.00 $303.00
$303.00 $0.00 $303.00
5112.101 - GASB 68 - Pension Expense PERS Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $2,087.00 $0.00 $2,087.00 $2,087.00 $0.00 $2,087.00
5113 - Worker's Compensation Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $35.00 $0.00 $35.00
$35.00 $0.00 $35.00
5114.101 - Health Insurance Medical Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $1,587.00 $0.00 $1,587.00 $1,587.00 $0.00 $1,587.00
5114.102 - Health Insurance Dental Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $18.00 $0.00 $18.00
$18.00 $0.00 $18.00
user: Aimee Beleu Pages 3 of 5 Tuesday, May 6, 2025
Budget Amendments Report

TOWN OF PARADISE
From Date: 7/1/2024 - To Date: 5/31/2025
692
Account G/L Date Journal Description Increases Decreases Amended Balance Fund: 2301 CDBG-DR
Department: 45 Public Works
Program: 9434 Roe Road Extension Phase II
5114.103 - Health Insurance Vision Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $17.00 $0.00 $17.00
$17.00 $0.00 $17.00
5115 - Unemployment Compensation Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $134.00 $0.00 $134.00
$134.00 $0.00 $134.00
5116.101 - Life and Disability Insurance Life & Disab. Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $46.00 $0.00 $46.00
$46.00 $0.00 $46.00
5116.102 - Life and Disability Insurance Long Term/Short Term Disability Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Wage $222.00 $0.00 $222.00
$222.00 $0.00 $222.00
5216.100 - Communications General Services Amended Balance as of: 7/1/2024 $0.00 05/01/2025 2025-00001437 Communications $19.00 $0.00 $19.00 $19.00 $0.00 $19.00
Program: 9434 Roe Road Extension Phase II Totals: $53,508.00 $0.00 Program: 9435 PID Tank Liners
3320.100 - Federal Revenue - Other Refunds and Reimbursements Amended Balance as of: 7/1/2024 $0.00 07/16/2024 2025-00000026 Project 9435 $1,100,000.00 $0.00 $1,100,000.00 $1,100,000.00 $0.00 $1,100,000.00
user: Aimee Beleu Pages 4 of 5 Tuesday, May 6, 2025
Budget Amendments Report

TOWN OF PARADISE
From Date: 7/1/2024 - To Date: 5/31/2025
693
Account G/L Date Journal Description Increases Decreases Amended Balance Fund: 2301 CDBG-DR
Department: 45 Public Works
Program: 9435 PID Tank Liners
5213.100 - Services, Professional and Contract Services General Amended Balance as of: 7/1/2024 $0.00 07/16/2024 2025-00000026 Project 9435 $1,100,000.00 $0.00 $1,100,000.00 $1,100,000.00 $0.00 $1,100,000.00
Program: 9435 PID Tank Liners Totals: $2,200,000.00 $0.00 Department: 45 Public Works Totals: $2,253,508.00 $0.00 Fund Totals: CDBG-DR $2,253,508.00 $0.00
Grand Totals: $2,369,580.00 $0.00
user: Aimee Beleu Pages 5 of 5 Tuesday, May 6, 2025
Budget Amendments Report

TOWN OF PARADISE
From Date: 7/1/2024 - To Date: 5/31/2025
694
Account Classification Adopted Budget
Budget
Amendments Amended Budget
Current Month
Transactions
YTD
Encumbrances
YTD
Transactions
Budget - YTD
Transactions
% Used/
Rec'd Prior Year Total
GOVERNMENTAL - Governmental Funds
Revenue
050 - Intergovernmental Revenues $0.00 $58,036.00 $58,036.00 $0.00 $0.00 $0.00 $58,036.00 0% $0.00 Revenue Totals $0.00 $58,036.00 $58,036.00 $0.00 $0.00 $0.00 $58,036.00 0% $0.00 Expense
010 - Salaries and Wages $0.00 $57,969.00 $57,969.00 $0.00 $0.00 $57,963.58 $5.42 100% $0.00 015 - Other Employee Costs $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $0.00 040 - Utilities $0.00 $67.00 $67.00 $0.00 $0.00 $66.09 $0.91 99% $0.00 050 - Services $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $0.00 095 - Other Financing Uses $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $0.00 Revenue Totals: $0.00 $58,036.00 $58,036.00 $0.00 $0.00 $0.00 $58,036.00 0% $0.00 Expenditure Totals: $0.00 $58,036.00 $58,036.00 $0.00 $0.00 $58,029.67 $6.33 100% $0.00 GOVERNMENTAL - Governmental
Funds Net Totals:
$0.00 $0.00 $0.00 $0.00 $0.00 ($58,029.67) $58,029.67 $0.00 Revenue Grand Totals: $0.00 $58,036.00 $58,036.00 $0.00 $0.00 $0.00 $58,036.00 0% $0.00 Expenditure Grand Totals: $0.00 $58,036.00 $58,036.00 $0.00 $0.00 $58,029.67 $6.33 100% $0.00 Grand Totals: $0.00 $0.00 $0.00 $0.00 $0.00 ($58,029.67) $58,029.67 $0.00 user: Aimee Beleu Pages 1 of 1 Tuesday, May 6, 2025
Budget by Fund Category Report

TOWN OF PARADISE
05/06/2025
Prior Fiscal Year Activity Included
Exhibit "B"
695
Account Classification Adopted Budget
Budget
Amendments Amended Budget
Current Month
Transactions
YTD
Encumbrances
YTD
Transactions
Budget - YTD
Transactions
% Used/
Rec'd Prior Year Total
GOVERNMENTAL - Governmental Funds
Revenue
040 - Investment Revenue $0.00 $0.00 $0.00 $0.00 $0.00 $160,484.69 ($160,484.69) +++ $0.00 050 - Intergovernmental Revenues $58,943,843.00 $1,126,754.00 $60,070,597.00 $0.00 $0.00 $20,159,732.56 $39,910,864.44 34% $20,179,903.39 070 - Other Revenues $0.00 $0.00 $0.00 $0.00 $0.00 $625.00 ($625.00) +++ $0.00 080 - Other Financing Sources $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $193.17 Revenue Totals $58,943,843.00 $1,126,754.00 $60,070,597.00 $0.00 $0.00 $20,320,842.25 $39,749,754.75 34% $20,180,096.56 Expense
010 - Salaries and Wages $34,113.00 $26,735.00 $60,848.00 $0.00 $0.00 $380,542.37 ($319,694.37) 625% $418,057.44 015 - Other Employee Costs $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $0.00 020 - Supplies $1,300.00 $0.00 $1,300.00 $0.00 $0.00 $0.00 $1,300.00 0% $0.00 030 - Postage Printing and Advertising $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $850.96 040 - Utilities $0.00 $19.00 $19.00 $0.00 $0.00 $248.71 ($229.71) 1,309% $527.21 050 - Services $29,397,699.00 $1,100,000.00 $30,497,699.00 $0.00 $22,349,684.15 $5,752,644.81 $2,395,370.04 92% $5,893,162.06 060 - Employee Development $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +++ $0.00 070 - Other Costs $0.00 $0.00 $0.00 $0.00 $0.00 $79.87 ($79.87) +++ $0.00 075 - Special Costs $29,506,731.00 $0.00 $29,506,731.00 $0.00 ($10,789,161.44) $13,319,261.19 $26,976,631.25 9% $11,553,410.42 080 - Capital Outlay $4,000.00 $0.00 $4,000.00 $0.00 $0.00 $0.00 $4,000.00 0% $0.00 095 - Other Financing Uses $0.00 $0.00 $0.00 $0.00 $0.00 ($1,605.75) $1,605.75 +++ ($11,713.60) Revenue Totals: $58,943,843.00 $1,126,754.00 $60,070,597.00 $0.00 $0.00 $20,320,842.25 $39,749,754.75 34% $20,180,096.56 Expenditure Totals: $58,943,843.00 $1,126,754.00 $60,070,597.00 $0.00 $11,560,522.71 $19,451,171.20 $29,058,903.09 52% $17,854,294.49 GOVERNMENTAL - Governmental
Funds Net Totals:
$0.00 $0.00 $0.00 $0.00 ($11,560,522.71) $869,671.05 $10,690,851.66 $2,325,802.07 Revenue Grand Totals: $58,943,843.00 $1,126,754.00 $60,070,597.00 $0.00 $0.00 $20,320,842.25 $39,749,754.75 34% $20,180,096.56 Expenditure Grand Totals: $58,943,843.00 $1,126,754.00 $60,070,597.00 $0.00 $11,560,522.71 $19,451,171.20 $29,058,903.09 52% $17,854,294.49 Grand Totals: $0.00 $0.00 $0.00 $0.00 ($11,560,522.71) $869,671.05 $10,690,851.66 $2,325,802.07 user: Aimee Beleu Pages 1 of 1 Tuesday, May 6, 2025
Budget by Fund Category Report

TOWN OF PARADISE
05/06/2025
Prior Fiscal Year Activity Included
Exhibit "C"
696

Town of Paradise
Council Agenda Summary
Date: May 13, 2025
Agenda Item: 6(i)
ORIGINATED BY: Aimee Beleu, Finance Director/Town Treasurer REVIEWED BY: Jim Goodwin, Town Manager
SUBJECT: Actuarial Valuation of Retiree Health Benefits

LONG TERM
RECOVERY PLAN:

No
COUNCIL ACTION REQUESTED:

1. Following the Town Council’s review of the actuarial valuation of retiree health benefits, concur with staff recommendation to accept and file the GASB 75 reports as presented; or

2. Refer the matter back to staff for further analysis and development.

Background:

GASB Statement No. 75 (GASB 75) is an accounting standard issued by the Governmental Accounting Standards Board that requires public sector employers to recognize and report the full liability of other post-employment benefits (OPEB) on their financial statements. It replaces the previous standard (GASB 45) and aims to improve transparency and consistency by requiring the net OPEB liability to be reported on the balance sheet, rather than just as a footnote. This change provides a clearer picture of the long-term financial obligations related to retiree healthcare and other non-pension benefits, enabling stakeholders to better assess the financial health of government entities.

Historically, the Town has committed to paying a portion of the monthly premiums for a medical plan for each of its five employee units, up to a specified maximum amount. These units include the General Employees Unit, the Management Group, the Confidential and Mid-Management Association, the Police Management and Mid-Management Association, and the Police Officers Association.

Analysis:

Cost Analysis of Proposed Change to Medical Benefit Premium Cost Share The change in the actuarial valuation of the OPEB obligation is driven by two key factors:

1. An increase in the number of employees.

2. A shift from a capped medical contribution plan to an employer contribution of 80% of tiered medical costs.

The Town of Paradise and its five employee units currently operate under a capped medical allocation, effective through June 30, 2025, as outlined in the current Memorandum of Understanding, as detailed below:
697
 Employee: $504.15
 Employee plus one: $1,008.29
 Employee plus two or more $1,310.79
As part of the negotiation process between the Town of Paradise and its five employee units, the Town is considering a change to the medical premium structure, adopting an 80/20 costsharing model in which the Town would cover 80% of the monthly premiums for the medical plan. The following amounts reflect the current medical premium percentage split for the period from July 1, 2025, through December 31, 2025.
 Employee: $810.96
 Employee plus one: $1,621.92
 Employee plus two or more: $2,108.50
Due to the adjustment in the monthly medical premium contributions agreed upon by the Town for both active and retired employees, the Town's total obligation for providing other postemployment benefits (OPEB) has increased.

The actuarial analysis projects a total OPEB obligation of $19,467,530 as of June 30, 2024. This reflects an increase of $7,420,995, driven by the following factors:
 A $6,061,263 increase in the accrued OPEB obligation due to the proposed changes in employer medical premiums, as determined by the actuarial analysis.  An additional increase of $1,359,732, primarily attributable to discrepancies between expected and actual experience, including changes in census data and variations in claims and premiums.

Financial Impact:

The actuarial valuation of the Town’s Net OPEB obligation has increased from $11,791,874 as of the previous valuation date to $19,185,887 as of June 30, 2023.

Staff is currently evaluating strategies for prudent management and reduction of the total OPEB obligation and will present recommendations to the Council for consideration as soon as they are available.
698
Town of Paradise
Caps Increase in 2025 & Every Year Thereafter
GASB 75 OPEB Valuation Report Measured as of June 30, 2023 for Disclosures for the Fiscal Year Ending June 30, 2024 May 6, 2025
11750 Atwood Road
Auburn, California 95603
t: (415) 801‒5987 f: (415) 358‒8500
www.PrecisionActuarial.com
699
11750 Atwood Road
Auburn, California 95603
www.PrecisionActuarial.com
(415) 801‒5987
May 6, 2025
Aimee Beleu
Finance Director/Town Treasurer
Town of Paradise
5555 Skyway Road
Paradise, California 95969
Re: Town of Paradise GASB 75 OPEB Plan Valuation Report Measured as of June 30, 2023 Dear Ms. Beleu:

At your request, we completed an actuarial valuation of the retiree health and welfare benefits valued as of June 30, 2023, and measured as of June 30, 2023, for the Town of Paradise. This is a full valuation. Please use the information in this report for your financial statements for the fiscal year ending June 30, 2024. This valuation is based on input from the Town and from CalPERS, as well as our understanding of GASB Statement No. 75 “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions” (GASB 75).

We greatly appreciate your business. If you have any questions, please feel free to call us at (415) 801‒5987.

Best Regards,
Roger T. Burton, FSA, MAAA, FCA
Corporate Solutions for the Modern World
Healthcare • Pension • Valuations • Financial Reporting • Claim Liabilities Self-Funded Plans • Actuarial Attestations • Creditable Coverage • Expert Witness DUNS: 079861610 CAGE: 7EC83 CA Supplier: 1798304
700
Executive Summary
Overview 1
Accounting Summary 3
Reconciliation of the Change in the Total OPEB Liability 4 Accounting Information
Statement of Fiduciary Net Position 5
Statement of Changes to the Fiduciary Net Position 6
Changes in the Net OPEB Liability 7
Development of Deferred Outflows and Inflows of Resources 8 Expense and Deferred Outflows and Inflows 10
Interest on the Liability and Earnings, and Investment Gain/Loss 11 Reconciliation of Expense 12
Impact on the Statement of Net Position 13
Sample Journal Entries 14
Amortization of the Net OPEB Liability 16
Actuarially Determined Contribution (ADC) 17
Projection of Benefit Payments 18
Projection of Benefit Payments Chart 19
Projection of Contributions 20
Projection of Contributions Charts 21
Projection of Fiduciary Net Position (FNP) 22
Depletion Date Projection 23
Depletion Date Projection Chart 24
Schedule of Implicit Subsidy Liability (Not a Required Schedule) 25 Schedule of Deferred Outflows and Inflows of Resources 26 Schedule of Changes in the Net OPEB Liability and Related Ratios 27 Schedule of Changes in the Net OPEB Liability and Related Ratios Chart 28 Schedule of Investment Returns 29
Schedule of Contributions 30
Draft Notes to the Financial Statements 31
Basis of Valuation
Substantive Plan 37
Participant Summary 38
Participant Summary Charts 39
Actuarial Assumptions 40
Appendix
About GASB 75 43
Decrement Tables 48
Contents
701
Executive Summary
Purpose of the Report
Valuation Date: June 30, 2023
Measurement Date: June 30, 2023
Report Date: June 30, 2024
Application to Financials
Changes Since the Prior Valuation
Statement on Future Measurements
• Healthcare trends
• Merit increase rates
• Assets
Future actuarial measurements may differ significantly from the current measurements presented in this report due to factors such as the following: plan experience differing from that anticipated by the economic or demographic assumptions; increases or decreases expected as part of the natural operation of the methodology used for these measurements (such as the end of an amortization period or additional cost or contribution requirements based on the plan's funded status); and changes in plan provisions or applicable law. Due to the limited scope of our assignment, we did not perform an analysis of the potential range of such future measurements.
• Benefit cap increases in 2025 & every year thereafter Overview
Precision Actuarial prepared this report to meet employer financial accounting requirements under GASB Statement No. 75 “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions” (GASB 75), issued in June 2015, as amended by GASB Statement No. 85. This report includes information with respect to the obligation to provide future retiree health and welfare benefits for the fiscal year ending June 30, 2024.

The Town should use the liabilities, assets, and expense measured as of June 30, 2023, for its financial statements for the year ending June 30, 2024.

This valuation is a full valuation. We updated:
• Contributions
This report provides assets, liabilities, and expenses for use in the Town's 2024 financial reports.

The report also provides the actuarially determined contributions (ADCs) for funding purposes for reporting for the fiscal years ending June 30, 2025, 2026, and 2027. The ADC for the fiscal year ending June 30, 2027 is an estimate and we recommend that the Town have a roll-forward report produced for the fiscal year ending June 30, 2025, that updates this estimate.
• Discount rate from 4.27% to 3.89%
• Benefit payments
• Census
• Premiums
• Disability rates
• Decrement timing
• Spouse coverage rates
Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 1
702
Executive Summary
Actuarial Certification
Roger T. Burton, FSA, MAAA, FCA E. Scott Lanham, FSA, MAAA, FCA, EA Chief Actuary Senior Consulting Actuary
The undersigneds are members of the American Academy of Actuaries and meet the Qualification Standards of the American Academy of Actuaries to render the actuarial opinion contained herein.

There is no relationship between Precision Actuarial, its owners, subcontractors, or staff; TrueComp; or the Town of Paradise beyond the contractual services that we perform for the Town of Paradise.

No third-party recipient of Precision Actuarial's work product should rely solely on Precision Actuarial's work product. Any third-party recipient should engage qualified professionals for advice appropriate to their own needs.

Overview
We based the results in this report on this information, along with the actuarial assumptions and methods used herein. In our opinion, the assumptions used represent reasonable expectations of anticipated plan experience.

We reviewed the census information for reasonableness, but we did not audit it.

Actuarial computations under GASB 75 fulfill employer accounting and financial reporting requirements. The calculations are consistent with our understanding of GASB 75. Determinations for purposes other than meeting employer financial accounting requirements may be significantly different from the results in our report.

Accordingly, additional determinations may be necessary for other purposes, such as judging benefit security at termination.

On the basis of the foregoing, we hereby certify that, to the best of our knowledge and belief, the report is complete and accurate and that we prepared it in accordance with generally recognized and accepted actuarial principles and practices which are consistent with the applicable "Actuarial Standards of Practice" and "Actuarial Compliance Guidelines" as promulgated by the American Academy of Actuaries.

Our determinations reflect the provisions and methods prescribed by GASB 75. In preparing this report, we relied on assets, employee census, plan design, and administrative fees provided directly or indirectly by the plan sponsor, and demographic assumptions provided by CalPERS. CalPERS' actuaries set the premium rates using community rating. We did not attempt to verify that the community-rated premium rates represent the true cost of claims and administrative fees.

It is our professional judgment that the combined effect of the assumptions and methods applied in developing this report, other than those prescribed, set by law, or that we did not select and are unable to assess for reasonableness for the purpose of the measurement, is expected to have no significant bias on the results.

We measured the plan's benefit obligations in this valuation using the appropriate methods prescribed by GASB and Actuarial Standards of Practice. We measured the plan's assets using the market value. The funded status measure reflects the comparison of plan assets to obligations. The funded status measure is appropriate for assessing the sufficiency of the plan's assets to cover the estimated cost of settling the plan's benefit obligations. The funded status measure shows what percentage of the plan's benefit obligations are covered by the plan's assets. The measure is also appropriate for assessing the need for, or amount of, future contributions, as those amounts are recalculated periodically to reflect updates in the obligations and assets.

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Executive Summary
A summary of the key valuation results follows. Prior Report Current Report Valuation Date: June 30, 2021 June 30, 2023
Measurement Date: June 30, 2022 June 30, 2023
Report Date: June 30, 2023 June 30, 2024
Present Value of Future Benefits (PVFB)
Active Employees 5,970,587 $ 21,375,820 $
Retirees + 9,374,564 13,288,560
Total Present Value of Future Benefits = 15,345,151 34,664,380 Present Value of Future Normal Costs (PVFNC) − 3,298,616 15,196,850 Total OPEB Liability (TOL) = 12,046,535 $ 19,467,530 $
OPEB Liability
Active Employees 2,671,971 $ 6,178,970 $
Retirees + 9,374,564 13,288,560
Total OPEB Liability (TOL) = 12,046,535 19,467,530
Fiduciary Net Position (FNP) − 254,661 281,643
Net OPEB Liability (NOL) = 11,791,874 $ 19,185,887 $
Plan FNP as a Percentage of the TOL 2.11% 1.45%
Plan FNP as a Percentage of the PVFB 1.66% 0.81%
Covered Payroll 5,128,559 $ 6,756,552 $
Net OPEB Liability as a Percentage of Covered Payroll 229.93% 283.96% Measurement Period: 2021–2022 2022–2023
Reporting Period: 2022–2023 2023–2024
Expense $ 1,607,112 $ 7,342,970
Actuarially Determined Contribution (ADC)* 863,005 878,029 *The Actuarially Determined Contribution includes the implicit subsidy. It is not the amount that the Town contributes directly to the fund. See page 17 for the Town's direct contribution.

Accounting Summary
Net Position Chart (NOL not shown if  0)
FNP
$254,661
FNP
$281,643
NOL
$11,791,874
NOL
$19,185,887
TOL
$12,046,535
TOL
$19,467,530
2023 2024
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Executive Summary
Total OPEB Liability as of Measurement Date June 30, 2022 / Report Date June 30, 2023 $ 12,046,535
Service Cost 325,798
Interest Cost 511,261
Change in Benefit Terms 6,061,263
Differences Between Expected and Actual Experience
Change in Census 585,733
Change in Claims and Premiums 915,940
Total Differences Between Expected and Actual Experience 1,501,673 Changes of Assumptions
Change in Healthcare Trends 1,902
Change in Payroll Growth Rate (352,877)
Change in Discount Rate from 4.27% to 3.89% 473,962
Change in Other Assumptions (303,953)
Total Changes of Assumptions (180,966)
Benefit Payments (706,148)
Implicit Subsidy (91,886)
Total OPEB Liability as of Measurement Date June 30, 2023 / Report Date June 30, 2024 $ 19,467,530
Reconciliation of the Change in the Total OPEB Liability Reconciliation of the Change in the Total OPEB Liability A detailed reconciliation of the changes to the Total OPEB Liability since the prior valuation report follows. ($352,877)
($303,953)
($706,148)
($91,886)
$325,798
$511,261
$6,061,263
$585,733$915,940$1,902 $473,962
$12,046,535
$19,467,530
$5.0 M
$10.0 M
$15.0 M
$20.0 M
$25.0 M
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Accounting Information
Measurement Date: June 30, 2023
Report Date: June 30, 2024
Assets
Cash and Deposits $ -
Securities Lending Cash Collateral -
Total Cash -
Receivables:

Contributions -
Due from Broker for Investments Sold -
Investment Income (Interest on Investments) -
Other -
Total Receivables -
Investments:

Domestic Fixed Income Securities -
Domestic Equities -
Investment Funds 281,643
International Equities -
Real Estate -
Total Investments 281,643
Total Assets $ 281,643
Liabilities
Payables:

Investment Management Fees $ -
Due to Broker for Investments Purchased -
Collateral Payable for Securities Lending -
Other -
Total Liabilities $ -
Net Position Restricted for Postemployment Benefits Other than Pensions $ 281,643 Statement of Fiduciary Net Position
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Accounting Information
Prior Report Current Report
Measurement Date: June 30, 2022 June 30, 2023
Report Date: June 30, 2023 June 30, 2024
Additions
Investment Income:

Net Appreciation in the Fair Value of Investments $ 26,982 (26,800) $ Interest and Dividends - -
Less Investment Expense, Other than from Securities Lending − - - Net Income from Investing, Other than from Securities
Lending (26,800) 26,982
Securities Lending Income - -
Less Securities Lending Expense − - -
Net Income from Securities Lending - -
Other Income/(Expense) - -
Net Investment Income (a) 26,982 (26,800)
Contributions:

Employer — Town's Contributions 706,148 673,872
Employer — Implicit Subsidy 91,886 95,962
Total Contributions (b) 798,034 769,834
Total Additions (c) = (a) + (b) 825,016 743,034
Deductions
Benefit Payments 706,148 673,872
Implicit Subsidy Credit 91,886 95,962
Administrative Expense - 572
Total Deductions (d) 770,406 798,034
Net Increase in Net Position = (c) − (d) (27,372) 26,982 Net Position Restricted for Postemployment Benefits Other than Pensions Beginning of Year 282,033 254,661
Net Increase in Net Position 26,982 (27,372)
End of Year $ 281,643 254,661 $
Statement of Changes to the Fiduciary Net Position
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Accounting Information
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability
(a) (b) (c) = (a) ‒ (b)
Balance as of:

Measurement Date June 30, 2022 /
Report Date June 30, 2023 $ 254,661 12,046,535 $ 11,791,874 $ Changes for the year:

Service Cost 325,798 325,798
Interest 511,261 511,261
Changes of Benefit Terms 6,061,263 6,061,263
Differences Between Expected and Actual
Experience 1,501,673 1,501,673
Changes of Assumptions (180,966) (180,966)
Net Investment Income 26,982 (26,982)
Contributions
Employer — Town's Contributions 706,148 (706,148)
Employer — Implicit Subsidy 91,886 (91,886)
Benefit Payments (706,148) (706,148) -
Implicit Subsidy (91,886) (91,886) -
Administrative Expense - -
Other Miscellaneous Income/(Expense) - - -
Net Change 26,982 7,420,995 7,394,013
Balance as of:

Measurement Date June 30, 2023 /
Report Date June 30, 2024 $ 281,643 19,467,530 $ 19,185,887 $ The funded status of the Plan as of the fiscal year-end, as well as other required disclosure information, follows.

Increase / (Decrease)
Changes in the Net OPEB Liability
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Accounting Information
Balances as of Measurement Date June 30, 2023 / Report Date June 30, 2024Deferred Outflows and Inflows of Resources Arising from Differences Between Expected and Actual Experience Measurement Date — June 30:

Experience Losses
(a)
Experience Gains
(b)
Amounts Recognized in Expense Through
Measurement Date June 30, 2023
(c)
Deferred Outflows of
Resources
(a) − (c)
Deferred Inflows of
Resources
(b) − (c)
2017 - $ - $ - $ - $ - $
2018 - - - - -
2019 - (424,055) (365,565) - (58,490)
2020 - - - - -
2021 - (436,000) (261,600) - (174,400)
2022 68,844 - 22,948 45,896 -
2023 1,501,673 - 234,637 1,267,036 -
Total $ (232,890) 1,312,932 $
Deferred Outflows and Inflows of Resources Arising from Changes in Assumptions Measurement Date — June 30:

Increase in Total
Liability
(a)
Decrease in Total
Liability
(b)
Amounts Recognized in Expense Through
Measurement Date June 30, 2023
(c)
Deferred Outflows of
Resources
(a) − (c)
Deferred Inflows of
Resources
(b) − (c)
2017 - $ - $ - $ - $ - $
2018 - - - - -
2019 - (19,451) (16,770) - (2,681)
2020 - - - - -
2021 3,981,641 - 2,388,984 1,592,657 -2022 - (2,336,582) (778,680) - (1,557,902) 2023 - (180,966) (28,276) - (152,690)
Total $ 1,592,657 $ (1,713,273)
Development of Deferred Outflows and Inflows of Resources Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 8
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Accounting Information
Balances as of Measurement Date June 30, 2023 / Report Date June 30, 2024Deferred Outflows and Inflows of Resources Arising from Differences Between Projected and Actual Earnings on Investments Measurement Date — June 30:

Investment Earnings
Less Than Projected
(a)
Investment Earnings
Greater Than
Projected
(b)
Amounts Recognized
in Expense Through
Measurement Date
June 30, 2023
(c)
Deferred Outflows of
Resources
(d) = (a) − (c)
Deferred Inflows of
Resources
(e) = (b) − (c)
Net
(f) = (d) + (e)
2017 - $ (5,100) $ (5,100) $ - $ - $
2018 - (2,846) (2,846) - -
2019 518 - 518 - -
2020 14,478 - 11,584 2,894 -
2021 - (49,451) (29,670) - (19,781)
2022 45,114 - 18,046 27,068 -
2023 - (10,429) (2,086) - (8,343)
Total $ (28,124) 29,962 $ 1,838 $
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Accounting Information
Measurement Period: 2022–2023
Reporting Period: 2023–2024
Expense
Service Cost $ 325,798
Interest on Total OPEB Liability 511,261
Changes of Benefit Terms 6,061,263
Recognized Differences Between Expected and Actual Experience 85,798 Recognized Changes of Assumptions 375,358
Projected Earnings on OPEB Plan Investments (16,553)
Recognized Differences Between Projected and Actual Earnings 45 Administrative Expense -
Other Miscellaneous (Income)/Expense -
Total Expense $ 7,342,970
Deferred Outflows and Inflows of Resources
Deferred Outflows of
Resources
(Deferred Inflows of
Resources)
Differences Between Expected and Actual Experience $ 1,312,932 $ (232,890) Changes of Assumptions 1,592,657 (1,713,273)
Net Difference Between Projected and Actual Earnings on Plan Investments 1,838 -
Contributions Subsequent to the Measurement Date 822,432 - Total $ (1,946,163) 3,729,859 $
Report Year Ending June 30:

Deferred
Outflows/(Inflows)
2025 $ 476,393
2026 534,670
2027 (164,569)
2028 (174,132)
2029 206,361
Remaining 82,541
Expense and Deferred Outflows and Inflows
Report Year Ending June 30, 2024
Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

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Accounting Information
For the report year ending June 30, 2024
Interest on Total OPEB Liability
Amount for
Period
(a)
Portion of
Period
(b)
Interest Rate
(c)
Interest on the Total
OPEB Liability
(d) = (a) × (b) × (c)
Beginning Total OPEB Liability $ 100% 4.27% 514,387 12,046,535 $ Service Cost 100% 4.27% 13,912 325,798
Benefit Payments 50% 4.27% (15,076) (706,148)
Implicit Subsidy 50% 4.27% (1,962) (91,886)
Total Interest on Total OPEB Liability $ 511,261
Projected Earnings on Plan
Investments
Amount for
Period
(a)
Portion of
Period
(b)
Projected Rate
of Return
(c)
Projected Earnings
(d) = (a) × (b) × (c)
Beginning Plan Fiduciary Net
Position Excluding Receivables $ 100% 6.50% 16,553 254,661 $ Employer Contributions - 50% 6.50% -
Benefit Payments from Trust - 50% 6.50% -
Administrative Expense - 50% 6.50% -
Other Miscellaneous
Income/(Expense) 100% 6.50% - -
Total Projected Earnings 16,553
(Investment Expense) -
Net Projected Earnings $ 16,553
Investment Gain / Loss Amount
Net Projected Earnings $ 16,553
Actual Net Earnings − 26,982
Investment (Gain) / Loss $ (10,429)
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Accounting Information
Asset / (Liability) Deferred Outflows / (Inflows) Expense / (Credit) Asset / (Liability) Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability
Differences
Between
Expected and
Actual
Experience
Changes in
Assumptions
Differences
Between
Projected and
Actual Earnings
on Investments
Contributions
Subsequent to the
Measurement Date Net Deferrals Expense
Impact on the
Statement of Net
Position
(a) (b) (c) = (a) + (b) (d) (e) (f) (g) (h) = ∑[(d):(g)] (i) (j) = (c) + (h) − (i) Balance as of:Measurement Date June 30, 2022 /Report Date June 30, 2023 $ (12,046,535) $ 254,661 $ (11,791,874) $ (335,833) $ 435,708 $ 12,312 $ 798,034 $ 910,221 $ (10,881,653) Service Cost (325,798) (325,798) 325,798Interest on Total OPEB Liability (511,261) (511,261) 511,261Changes of Benefit Terms (6,061,263) (6,061,263) 6,061,263 Differences Between Expected and Actual Experience (1,501,673) (1,501,673) 1,501,673 1,501,673 -Changes in Assumptions 180,966 180,966 (180,966) (180,966) - Differences Between Projected and Actual Earnings on Investments 10,429 10,429 (10,429) (10,429) - Projected Earnings on OPEB Plan Investments 16,553 16,553 (16,553) Contributions
Employer — Town's Contribution 706,148 706,148 706,148
Employer — Implicit Subsidy 91,886 91,886 91,886
Benefit Payments 706,148 (706,148) - -Implicit Subsidy 91,886 (91,886) - - Administrative Expense - - -
Other Income/(Expense) - - -
Recognition of Differences Between Expected and Actual Experience (85,798) (85,798) 85,798Recognition of Changes in Assumptions (375,358) (375,358) 375,358 Recognition of Differences Between Projected and Actual Earnings on Investments (45) (45) 45 Recognition of Contributions Subsequent to the Measurement Date (798,034) (798,034) (798,034) Contributions Subsequent to the Measurement Date 822,432 822,432 822,432 Annual Expense $ (7,342,970) 7,342,970
Net Change (7,420,995) 26,982 (7,394,013) 1,415,875 (556,324) (10,474) 24,398 873,475 (6,520,538) Balance as of:Measurement Date June 30, 2023 /Report Date June 30, 2024 $ 281,643 (19,467,530) $ (19,185,887) $ 1,080,042 $ (120,616) $ $ 1,838 $ 822,432 $ 1,783,696 $ (17,402,191) Reconciliation of Expense
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Accounting Information
Impact on the Statement of Net Position
Measurement Date: June 30, 2022 June 30, 2023
Report Date: June 30, 2023 June 30, 2024
Total OPEB Liability / (Asset) $ 12,046,535 $ 19,467,530 $ 7,420,995 (Fiduciary Net Position) (254,661) (281,643) (26,982)
Net OPEB Liability / (Asset) 11,791,874 19,185,887 7,394,013 Deferred Amounts
Deferred Inflows 2,346,480 1,946,163 (400,317)
(Deferred Outflows) (3,256,701) (3,729,859) (473,158)
Differences between Projected and Actual
Investment Earnings (12,312) (1,838) 10,474
Net Deferred Inflows / (Outflows) (910,221) (1,783,696) (873,475) Impact on the Statement of Net Position 10,881,653 17,402,191 6,520,538 Change in Net Position During Report Year
Measurement Date: June 30, 2023
Report Date: June 30, 2024
Impact on the Statement of Net Position, Report
Year Ending June 30, 2023 10,881,653
OPEB Expense / (Income) 7,342,970
(Employer Contributions Reported for the Year) (822,432) (Adjustment to Employer Contributions Reported
in the Prior Year) -
Impact on the Statement of Net Position for
the Report Year Ending June 30, 2024 17,402,191
OPEB Expense
Measurement Date: June 30, 2023
Report Date: June 30, 2024
Deterioration / (Improvement) in Net Position 6,520,538 Employer Contributions Reported for the Year 822,432
Adjustment to Employer Contributions Reported
in the Prior Year -
OPEB Expense / (Income) for the Report Year
Ending June 30, 2024 7,342,970
Impact on the Statement of Net Position
Change During Period
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Accounting Information
Debit (Outflow) Credit (Inflow)
Net OPEB Liability/Asset $ 11,791,874 - $
Differences between Expected and Actual
Experience 393,203 57,370
Changes of Assumptions 1,953,277 2,388,985
Differences between Projected and Actual
Investment Earnings - 12,312
Contributions Subsequent to the
Measurement Date - 798,034
Impact on Statement of Net Position - 10,881,653
Debit (Outflow) Credit (Inflow)
Net OPEB Liability/Asset $ 19,185,887 - $
Differences between Expected and Actual
Experience 232,890 1,312,932
Changes of Assumptions 1,713,273 1,592,657
Differences between Projected and Actual
Investment Earnings - 1,838
Contributions Subsequent to the
Measurement Date - 822,432
Impact on Statement of Net Position - 17,402,191
Debit Credit
Net OPEB Liability/Asset $ 7,394,013 - $
Deferred Outflows - 1,255,562
Deferred Inflows - 160,313
Deferred Outflows 796,328 -
Deferred Inflows - 240,004
Deferred Outflows 10,474 -
Deferred Inflows - -
Contributions Subsequent to the
Measurement Date Deferred Outflows - 24,398
OPEB Expense/Credit 6,520,538 -
Total 8,200,815 8,200,815
Change to the Impact on the Statement of
Net Position - 6,520,538
Differences between Expected and Actual
Experience
Changes of Assumptions
Differences between Projected and Actual
Investment Earnings
Sample Journal Entries
Suggested Journal Entries for the Report Year ending June 30, 2024 Beginning Balance
Ending Balance
OPEB-Expense Journal Entries
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Accounting Information
Debit Credit
$ 798,034 $ -
- 798,034
822,432 -
- 822,432
(798,034) -
- (798,034)
Debit Credit
$ 706,148 $ -
- 706,148
Debit Credit
$ 91,886 $ -
- 91,886
Adjustment to Employer Contributions in the Prior Year
OPEB Expense
1 The entries here assume that when cash is used to pay benefits that the trust does not reimburse, an account called "Employer Contributions for Retiree Benefits During the Fiscal Year" was debited (increased).

These entries reassign the benefit payments to the OPEB Expense. If the OPEB Expense account was originally debited, then these entries are unnecessary.
2 These entries assume that when premiums are paid for active employees, an account called "Premium Expense During the Fiscal Year" is debited (increased). This entry reverses the portion of the premium payments that represent implicit subsidies, recorded as a retiree liability, and assigns that value to the OPEB Expense.

Premium Expense During the Fiscal Year
Sample Journal Entries
Suggested Journal Entries for the Report Year ending June 30, 2024 Journal Entries — Deferred Outflows
Journal Entries — Implicit Subsidy2
OPEB Expense
Contributions Subsequent to the Measurement Date:

Fiscal Year 2023–2024
Contributions Expense
OPEB Expense
Employer Contributions for Retiree Benefits During the Fiscal Year
Journal Entries — Benefits Paid Outside of the Trust1
Net OPEB Liability/Asset
Contributions Subsequent to the Measurement Date:

Fiscal Year 2022–2023
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Accounting Information
18 years
Historical Estimated
Measurement Period: 2023–2024 2024–2025 2025–2026
Report Date (June 30): 2025 2026 2027
Total OPEB Liability $ 9,894,765 9,856,154 $ 21,656,532 $ Fiduciary Net Position − 270,689 302,173 319,447
Net OPEB Liability = 9,585,465 $ 9,592,592 $ 21,337,085 $ All values measured at the beginning of the measurement period.

Amortization Type Closed Closed Closed
Interest Rate Used to Determine Amortization 6.50% 6.50% 3.89% Assumed Rate of Payroll Growth 2.80% 2.80% 2.80%
Amortization Period 18 years 17 years 16 years
Amount Recognized, Beginning of Year $ 737,637 707,274 $ 1,441,639 $ It is the policy of the Town to allow negative amortizations.

A summary of the information used to establish the amortization amount for the current year and the following year, with respect to the Net OPEB Liability, follows. If the Net OPEB Liability is negative, it is an asset.

Amortization of the Net OPEB Liability
The Town is amortizing the Net OPEB Liability using a level-percent-of-pay method on a closed basis. Remaining years of amortization as of the report date of June 30, 2024:

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Accounting Information
Historical Estimated
Measurement Period: 2023–2024 2024–2025 2025–2026
Report Date (June 30): 2025 2026 2027
Service Cost $ 235,325 226,187 $ 1,218,042 $
Amortization of the Net OPEB Liability 707,274 737,637 1,441,639 Administrative Expense - - -
Interest 60,675 63,243 103,462
ADC $ 994,136 $ 1,036,205 $ 2,763,143
Discount Rate for ADC Calculation 6.50% 6.50% 3.89%
ADC Components
Town's Contribution to the Trust Fund $ 171,704 $ 145,464 $ 1,753,387 Credit for Retiree Benefit Payments Outside of the Trust 652,606 716,947 828,468 Credit for Implicit Subsidy 169,826 173,794 181,288
ADC 994,136 $ 1,036,205 $ 2,763,143 $
ADC as a Percentage of Payroll 14.31% 14.51% 37.64%
Town's Funding Policy
The plan's funding policy will produce high contrbiution amounts until the unfunded amount is fully amortized in 2042, and then will reduce to an amount to cover the service cost, with interest, going forward.

Actuarially Determined Contribution (ADC)
The calculation of the Actuarially Determined Contribution (ADC) follows. The ADC is based on the Town's funding policy. The ADC is calculated as of the end of the year.

The ADC is the sum of the service cost, the amortization of the net OPEB liability, and the administrative expense, plus interest (if applicable). For payment of the ADC, however, it comprises three parts: the benefit payments paid outside ofTown the Trust Fund, the credit for the implicit subsidy, and the contribution to the Trust Fund. If the total of the service cost, amortization, and administrative expense is less than the total of the benefit payments and implicit subsidy (if benefit payments are paid outside of the Trust Fund), the contribution to the Trust Fund will be negative and is typically set to zero.

The Town's funding policy is to contribute to the Trust Fund when possible and pay benefits outside of the Trust Fund, until the Trust Fund is fully funded.

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Accounting Information
Current Retirees Future Retirees Total Current Retirees Future Retirees Total 2024 $ 693,429 $ 7,224 $ 700,653 $ 165,141 $ 4,685 $ 169,826 $ 870,479 2025 694,656 22,291 716,947 157,898 15,896 173,794 890,741 2026 770,487 57,981 828,468 148,669 32,619 181,288 1,009,756 2027 785,794 88,184 873,978 159,633 50,469 210,102 1,084,080 2028 793,533 119,415 912,948 153,015 64,487 217,502 1,130,450 2029 786,152 157,927 944,079 134,919 81,236 216,155 1,160,234 2030 761,464 199,940 961,404 91,094 95,888 186,982 1,148,386 2031 755,239 228,681 983,920 91,675 99,002 190,677 1,174,597 2032 753,387 271,377 1,024,764 106,133 111,633 217,766 1,242,530 2033 743,853 316,330 1,060,183 97,602 112,834 210,436 1,270,619 2034 724,935 370,853 1,095,788 80,541 133,906 214,447 1,310,235 2035 703,018 425,264 1,128,282 53,988 151,492 205,480 1,333,762 2036 678,280 472,428 1,150,708 33,797 165,303 199,100 1,349,808 2037 658,264 536,983 1,195,247 28,371 200,525 228,896 1,424,1432038 643,949 587,379 1,231,328 29,522 196,259 225,781 1,457,1092039 627,840 653,849 1,281,689 30,702 220,873 251,575 1,533,2642040 609,964 725,841 1,335,805 31,913 251,829 283,742 1,619,5472041 590,455 773,733 1,364,188 33,152 237,989 271,141 1,635,3292042 549,443 850,329 1,399,772 - 292,674 292,674 1,692,446 2043 526,393 924,622 1,451,015 - 322,036 322,036 1,773,051 2044 502,356 999,519 1,501,875 - 360,694 360,694 1,862,569 2045 477,573 1,081,372 1,558,945 - 403,381 403,381 1,962,326 2046 452,313 1,154,150 1,606,463 - 425,036 425,036 2,031,499 2047 426,869 1,188,394 1,615,263 - 380,023 380,023 1,995,286 2048 401,488 1,261,113 1,662,601 - 399,712 399,712 2,062,313 2049 376,379 1,303,202 1,679,581 - 368,938 368,938 2,048,519 ⇣⇣ ⇣ ⇣ ⇣ ⇣ ⇣ ⇣
Projection of Benefit Payments
Projected Retiree Benefit Payments Projected Implicit Subsidy Grand Total
Measurement Period Ending June 30:

Projected benefit payments for current participants follow. "Future Retirees" are employees currently working, but projected to retire and receive benefits. The projections do not include benefits for employees hired in the future.

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Accounting Information
$-
$500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000
Projected Benefit Payments for Current Participants
Current Retirees Benefit Payments Future Retirees Benefit Payments Current Retirees Implicit Subsidy Future Retirees Implicit Subsidy Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 19
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Accounting Information
(a) (b) (c) (d) = (f) − (e) (e) = (b) × 17.24%** (f)
2024 6,945,735 6,945,735 - 870,479 - 870,479
2025 6,778,368 334,734 7,113,102 833,033 57,708 890,741 2026 6,694,684 585,785 7,280,469 908,767 100,989 1,009,756 2027 6,611,001 836,836 7,447,836 939,810 144,270 1,084,080 2028 6,527,317 1,087,886 7,615,203 942,898 187,552 1,130,450 2029 6,443,634 1,422,620 7,866,254 914,974 245,260 1,160,234 2030 6,276,267 1,841,038 8,117,305 830,991 317,395 1,148,386 2031 6,192,583 2,175,772 8,368,355 799,494 375,103 1,174,597 2032 6,108,899 2,510,507 8,619,406 809,719 432,811 1,242,530 2033 5,941,532 2,928,924 8,870,457 765,672 504,947 1,270,619 2034 5,774,165 3,347,342 9,121,507 733,153 577,082 1,310,235 2035 5,690,482 3,682,076 9,372,558 698,972 634,790 1,333,762 2036 5,523,115 4,100,494 9,623,609 642,883 706,925 1,349,808 2037 5,439,431 4,435,228 9,874,659 659,510 764,633 1,424,143 2038 5,272,064 4,853,646 10,125,710 620,340 836,769 1,457,109 2039 5,104,697 5,272,064 10,376,761 624,360 908,904 1,533,264 2040 4,937,330 5,690,482 10,627,811 638,508 981,039 1,619,547 2041 4,769,963 6,192,583 10,962,546 567,728 1,067,601 1,635,329 2042 4,518,912 6,778,368 11,297,280 523,855 1,168,591 1,692,446 2043 4,267,861 7,364,153 11,632,014 503,471 1,269,580 1,773,051 2044 4,016,811 7,949,938 11,966,748 492,000 1,370,569 1,862,569 2045 3,765,760 8,535,723 12,301,482 490,767 1,471,559 1,962,326 2046 3,514,709 9,121,507 12,636,217 458,951 1,572,548 2,031,499 2047 3,179,975 9,790,976 12,970,951 307,322 1,687,964 1,995,286 ⇣⇣ ⇣ ⇣ ⇣ ⇣ ⇣
*The contributions for the first three years are calculated separately. Contributions for subsequent years use the percentages shown.**The service cost percentage was determined in the prior report. If benefit payments are higher, they are used in place of the calculated amount.

Projection of Contributions
Payroll Projected Contributions*
Measurement Period Ending June 30:

Related to Payroll of
Future Employees
Total = Benefit
Current Employees Future Employees Total Current Participants Payments Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 20
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Accounting Information
Projection of Contributions Charts
Projected Payroll for Current and Future Employees
Projected Employer Contributions for Current and Future Plan Participants $5.0 M
$10.0 M
$15.0 M
$20.0 M
$25.0 M
$30.0 M
Projected Payroll
Current Participants — Employer Future Employees
$0.5 M
$1.0 M
$1.5 M
$2.0 M
$2.5 M
Projected Employer Contributions
Current Participants Future Participants
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Accounting Information
Measurement Period Ending June 30:

Investment
Rate of
Return
(a)
Projected
Beginning FNP
(b)
Total Contributions
for Current
Participants
(c)
Projected Benefit
Payments (Including
Implicit Subsidy)
(d)
Projected
Administrative
Expense
(e)
Projected
Investment
Earnings
(f)
Projected Ending
FNP
(g) =  [(b) : (f)]
2024 6.50% $ 281,643 $ 870,479 $ (870,479) $ - $ 18,307 $ 299,950 2025 6.50% 299,950 833,033 (890,741) - 17,621 259,863
2026 6.50% 259,863 908,767 (1,009,756) - 13,609 172,483 2027 6.50% 172,483 939,810 (1,084,080) - 6,523 34,736
2028 6.50% 34,736 942,898 (1,130,450) - - -
2029 6.50% - 914,974 (1,160,234) - - -2030 6.50% - 830,991 (1,148,386) - - -2031 6.50% - 799,494 (1,174,597) - - -2032 6.50% - 809,719 (1,242,530) - - -2033 6.50% - 765,672 (1,270,619) - - -2034 6.50% - 733,153 (1,310,235) - - -2035 6.50% - 698,972 (1,333,762) - - -2036 6.50% - 642,883 (1,349,808) - - -2037 6.50% - 659,510 (1,424,143) - - -2038 6.50% - 620,340 (1,457,109) - - - 2039 6.50% - 624,360 (1,533,264) - - -2040 6.50% - 638,508 (1,619,547) - - -2041 6.50% - 567,728 (1,635,329) - - -2042 6.50% - 523,855 (1,692,446) - - -2043 6.50% - 503,471 (1,773,051) - - -2044 6.50% - 492,000 (1,862,569) - - -2045 6.50% - 490,767 (1,962,326) - - -2046 6.50% - 458,951 (2,031,499) - - -2047 6.50% - 307,322 (1,995,286) - - -2048 6.50% - 273,359 (2,062,313) - - - ⇣⇣ ⇣ ⇣ ⇣ ⇣ ⇣ ⇣
Projection of Fiduciary Net Position (FNP)
Current Participants Only
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Accounting Information
The investment earnings are determined using an investment rate of return of 6.50%.

Measurement Period Ending June 30:

Projected
Beginning
Fiduciary Net
Position
Total Projected
Benefit Payments
Funded Portion
of Benefit
Payments
Unfunded Portion
of Benefit
Payments
Present Value of
Funded Benefit
Payments at the
Investment Rate
of Return
Present Value of
Unfunded Benefit
Payments at

3.86%
Present Value of
Benefit Payments
at an Equivalent
Single Discount
Rate of 3.89%
2024 $ 870,479 281,643 $ 281,643 $ 588,836 $ 272,913 $ 577,790 $ 854,027 $ 2025 299,950 890,741 299,950 590,791 272,913 558,163 841,184 2026 259,863 1,009,756 259,863 749,893 222,009 682,148 917,872 2027 172,483 1,084,080 172,483 911,597 138,364 798,424 948,535 2028 34,736 1,130,450 34,736 1,095,714 26,164 924,017 952,071 2029 - 1,160,234 - 1,160,234 - 942,063 940,5682030 - 1,148,386 - 1,148,386 - 897,788 896,1042031 - 1,174,597 - 1,174,597 - 884,151 882,2382032 - 1,242,530 - 1,242,530 - 900,526 898,3182033 - 1,270,619 - 1,270,619 - 886,658 884,2292034 - 1,310,235 - 1,310,235 - 880,323 877,6572035 - 1,333,762 - 1,333,762 - 862,825 859,9642036 - 1,349,808 - 1,349,808 - 840,752 837,722 2037 1,424,143 - 1,424,143 - - 854,085 850,762
2038 1,457,109 - 1,457,109 - - 841,379 837,862
2039 1,533,264 - 1,533,264 - - 852,448 848,641
2040 1,619,547 - 1,619,547 - - 866,954 862,833
2041 1,635,329 - 1,635,329 - - 842,868 838,619
2042 1,692,446 - 1,692,446 - - 839,887 835,412
2043 1,773,051 - 1,773,051 - - 847,186 842,429
2044 1,862,569 - 1,862,569 - - 856,884 851,825
2045 1,962,326 - 1,962,326 - - 869,225 863,845
2046 2,031,499 - 2,031,499 - - 866,422 860,810
⇣⇣ ⇣ ⇣ ⇣ ⇣ ⇣ ⇣
Depletion Date Projection
Current Participants Only
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Accounting Information
$0.5 M$1.0 M$1.5 M$2.0 M$2.5 M
Depletion Date Projection
Funded Portion of Benefit Payments Unfunded Portion of Benefit Payments Projected Beginning Fiduciary Net Position Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 24
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Accounting Information
Measurement Date (June 30): 2021 2022 2023
Report Date (June 30): 2022 2023 2024
Retiree Benefit Payments $ 10,691,469 12,235,749 $ 17,104,325 $ Implicit Subsidy 1,479,772 1,355,066 2,363,205
Total OPEB Liability $ 12,046,535 13,715,521 $ 19,467,530 $ Discount Rate 2.60% 4.27% 3.89%
Schedule of Implicit Subsidy Liability (Not a Required Schedule) Actuarial standard of practice (ASOP) number 6, "Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Program Periodic Costs or Actuarially Determined Contributions," requires the inclusion of the implicit subsidy in OPEB valuations.The implicit subsidy arises when an employer allows a retiree and the retiree's dependents to continue on the plans for active employees, and pay the active-employee premiums. Retirees are not paying the true cost of their benefits because they have higher costs than active employees, and therefore are partially subsidized by the active employees. Once a retiree reaches Medicare eligibility, the rates are set for Medicare retirees separately, and are set to be sufficient to cover the true costs of the Medicare retirees. Thus, there is no implicit subsidy for Medicare retirees. $12.2M $10.7M
$17.1M
$1.5M
$1.4M
$2.4M
$13.7M
$12.0M
$19.5M
2022 2023 2024
Retiree Benefit Payments and Implicit Subsidy
Implicit SubsidyRetiree Benefit Payments
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Accounting Information
Schedule of Deferred Outflows and Inflows of Resources
Recognized Deferred
2023 2024 2025 2026 2027 20282024 2025 2026 2027 2028 2029 2016–2017 $ - - $ n/a n/a - $ - $ - $ - $ - $ - $ - $
2017–2018 - - n/a n/a - - - - - - -
2018–2019 (292,452) (424,055) 5.8 1.8 (73,113) (58,490) - - - - - 2019–2020 - - 5.8 2.8 - - - - - - -2020–2021 (174,400) (436,000) 5.0 3.0 (87,200) (87,200) (87,200) - - - - 2021–2022 11,474 68,844 6.0 5.0 11,474 11,474 11,474 11,474 11,474 - - 2022–2023 - 1,501,673 6.4 6.4 234,637 234,637 234,637 234,637 234,637 234,637 93,8512016–2017 - - n/a n/a - - - - - - -2017–2018 - - n/a n/a - - - - - - - 2018–2019 (19,451) (13,416) 5.8 1.8 (3,354) (2,681) - - - - - 2019–2020 - - 5.8 2.8 - - - - - - -
2020–2021 3,981,641 1,592,656 5.0 3.0 796,328 796,328 796,329 - - - - 2021–2022 (2,336,582) (389,340) 6.0 5.0 (389,340) (389,340) (389,340) (389,340) (389,882) - - 2022–2023 (180,966) - 6.4 6.4 (28,276) (28,276) (28,276) (28,276) (28,276) (28,276) (11,310) 2016–2017 (5,100) (5,100) 5.0 0.0
2017–2018 (2,846) (2,846) 5.0 0.0
2018–2019 518 416 5.0 1.0 102
2019–2020 14,478 8,688 5.0 2.0 2,896 2,894
2020–2021 (49,451) (19,780) 5.0 3.0 (9,890) (9,890) (9,891) 2021–2022 45,114 9,023 5.0 4.0 9,023 9,023 9,023 9,0222022–2023 (10,429) - 5.0 5.0 (2,086) (2,086) (2,086) (2,086) (2,085) Summary of Deferred Outflows and Inflows of Resources
Measurement Period: July 1, 2022 – June 30, 2023
Fiscal Reporting Period: July 1, 2023 – June 30, 2024
Measurement Years Ending June 30: 2023 2024 2025 2026 2027 2028 Report Years Ending June 30: 2024 2025 2026 2027 2028 2029 Differences Between Expected and Actual Experience $ 85,798 $ 100,421 $ 158,911 $ 246,111 $ 246,111 $ 234,637 $ 93,851Changes of Assumptions 375,358 376,031 378,713 (417,616) (418,158) (28,276) (11,310) Differences Between Projected and Actual Earnings 45 (59) (2,954) 6,936 (2,085) - - Total $ 461,201 $ 476,393 $ 534,670 $ (164,569) $ (174,132) $ 206,361 $ 82,541 RemainingRemaining
Schedule of Deferred Outflows and Inflows of Resources
Increase/(Decrease) in Expense: Measurement / Report Years Ending June 30:

Measurement Period Base Amount
Recognition
Period
Remaining
Period
Changes of AssumptionsDifferences Between Projected and Actual EarningsDifferences Between Expected and Actual Experience Amount
Previously
Recognized
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Accounting Information
GASB 75 requires a disclosure of the changes in the Net OPEB Liability for the last ten fiscal years, or for as many years as are available.

Measurement Date (June 30): 2017 2018 2019 2020 2021 2022 2023 Report Date (June 30): 2018 2019 2020 2021 2022 2023 2024 Total OPEB Liability
Service Cost $ 145,035 $ 149,386 $ 153,868 $ 107,237 $ 110,454 $ 402,152 $ 325,798 Interest 661,041 661,804 663,993 637,764 643,913 357,116 511,261 Changes of Benefit Terms - - - - - 609,318 6,061,263
Differences Between Expected and
Actual Experience - - (424,055) - (436,000) 68,844 1,501,673 Changes of Assumptions - - (19,451) 3,981,641 - (2,336,582) (180,966) Benefit Payments (792,419) (783,788) (771,250) (784,503) (676,315) (673,872) (706,148) Implicit Subsidy - - - - (72,678) (95,962) (91,886)
Net Change in Total OPEB Liability 13,657 27,402 (396,895) (39,502) 3,551,015 (1,668,986) 7,420,995 Total OPEB Liability — Beginning 10,573,501 10,559,844 10,600,903 10,204,008 10,164,506 13,715,521 12,046,535 Total OPEB Liability — Ending (a) 10,573,501 $ 10,600,903 $ 10,204,008 $ 10,164,506 $ 13,715,521 $ 12,046,535 $ 19,467,530 $ Plan Fiduciary Net Position
Net Investment Income $ 11,016 $ 11,096 $ 12,915 $ (227) $ 63,661 $ (26,800) $ 26,982 Employer — Town's Contributions 817,419 852,682 771,250 784,503 676,315 673,872 706,148 Employer — Implicit Subsidy - - - - 72,678 95,962 91,886 Benefit Payments (792,419) (783,788) (771,250) (784,503) (676,315) (673,872) (706,148) Implicit Subsidy Credit - - - - (72,678) (95,962) (91,886) Administrative Expense - (198) (323) (323) (487) (572) - Other Miscellaneous
Income/(Expense) - - - - - - -
Net Change in Plan Fiduciary Net
Position 79,792 36,016 12,592 (550) 63,174 (27,372) 26,982 Plan Fiduciary Net Position —
Beginning 127,025 91,009 206,817 219,409 218,859 282,033 254,661 Plan Fiduciary Net Position — Ending
(b) $ 206,817 127,025 $ 219,409 $ 218,859 $ 282,033 $ 254,661 $ 281,643 $ Net OPEB Liability
Town's Net OPEB Liability — Ending
= (a) ‒ (b) $ 10,394,086 10,446,476 $ 9,984,599 $ 9,945,647 $ 13,433,488 $ 11,791,874 $ 19,185,887 $ Plan Fiduciary Net Position as a
Percentage of the Total OPEB
Liability 1.2% 2.0% 2.2% 2.2% 2.1% 2.1% 1.4%
Covered Payroll $ 4,290,581 3,854,764 $ 3,849,529 $ 3,834,730 $ 4,579,309 $ 5,128,559 $ 6,756,552 $ Town's Net OPEB Liability as a
Percentage of Covered Payroll 271.0% 242.3% 259.4% 259.4% 293.4% 229.9% 284.0% Notes to schedule: the Town adopted GASB 75 for the fiscal year ending June 30, 2018.

Schedule of Changes in the Net OPEB Liability and Related Ratios Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 27
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Accounting Information
$10.6M $10.6M $10.2M $10.2M
$13.7M
$12.0M
$19.5M
$0.1M $0.2M $0.2M $0.2M $0.3M $0.3M $0.3M
271.0%
242.3%
259.4%
259.4%
293.4%
229.9%
284.0%

1.2% 2.0% 2.2% 2.2% 2.1% 2.1% 1.4% 0.0%

50.0%100.0%150.0%200.0%250.0%300.0%
$5.0 M
$10.0 M$15.0 M$20.0 M$25.0 M
2018 2019 2020 2021 2022 2023 2024
Schedule of Changes in the Net OPEB Liability and Related Ratios Total OPEB Liability Fiduciary Net Position Net OPEB Liability as a % of Covered Payroll Funded Ratio Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 28
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Accounting Information
Measurement Date (June 30): 2017 2018 2019 2020 2021 2022 2023 Report Date (June 30): 2018 2019 2020 2021 2022 2023 2024 Annual Money-Weighted Rate of Return, Net of
Investment Expense 10.64% 6.88% 6.25% -0.10% 29.12% -9.51% 10.60% Schedule of Investment Returns
A schedule of investment returns for the last ten fiscal years, or for as many years as are available if less than ten years are available, follows.The annual money-weighted rate of return, net of investment expenses, is the net investment income for the year divided by the average net position for the year (less investment expenses).

10.64%

6.88% 6.25%
-0.10%

29.12%
-9.51%

10.60%
-15.00%-10.00%
-5.00%

0.00%5.00%

10.00%15.00%20.00%25.00%30.00%35.00%
2018 2019 2020 2021 2022 2023 2024
Investment Returns
Investment Return
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Accounting Information
2018 2019 2020 2021 2022 2023 2024
Actuarially Determined
Contribution (ADC) $ 1,165,684 $ 701,420 $ 709,387 n/a $ 863,005 $ 878,029 $ 994,136 Less: Contributions Made in
Relation to the ADC − 852,682 771,250 784,503 748,993 769,834 798,034 822,432 Contribution Deficiency
(Excess) 313,002 (69,830) (75,116) n/a 93,171 79,995 171,704 Covered Payroll $ 4,290,581 $ 3,849,529 $ 3,834,730 $ 4,579,309 $ 5,128,559 $ 6,756,552 $ 6,945,735 Contributions as a Percentage
of Covered Payroll 19.87% 20.03% 20.46% 16.36% 15.01% 11.81% 11.84% Notes to Schedule:

Assumptions and Methods
Actuarial Cost Method: Entry-age normal, level percent of pay Amortization Method: Closed period, level percent of pay Amortization Period: 24 years
Inflation:

Assumed Payroll Growth:

Healthcare Trend Rates: 7.40%, trending down to 4.14%
Rate of Return on Assets:

Mortality Rate: CalPERS Rates. See appendix.

Retirement Rates: CalPERS Rates. See appendix.

2.80%6.50%
Schedule of Contributions
GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available.

2.30%
Employer Fiscal-Year End
(June 30):

19.87% 20.03% 20.46%

16.36%

15.01%

11.81% 11.84%
$0.2 M$0.4 M$0.6 M$0.8 M$1.0 M$1.2 M$1.4 M
2018 2019 2020 2021 2022 2023 2024
ADC, Contributions, and Percentage of Payroll
Actuarially Determined Contribution (ADC) Contributions Made in Relation to the ADC Contributions as a Percentage of Covered Payroll Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 30
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Accounting Information
Summary of Significant Accounting Policies
Other Postemployment Benefits Other Than Pensions (OPEB) Note X — Other Post-Employment Benefits (OPEB)
Category Count
Inactive employees, spouses, or beneficiaries currently receiving benefit payments: 80 Inactive employees entitled to but not yet receiving benefit payments: 0 Active employees: 83
Total 163
Draft Notes to the Financial Statements
Employees Covered by Benefit Terms
At June 30, 2023 (the census date), the benefit terms covered the following employees:

A draft of the required notes to the Town's financial statements, based on the requirements of GASB 75 and our understanding of the Town's retiree health plan, follows.

Notes to the Financial Statements
for the Year Ended June 30, 2024
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB and the OPEB expense information about the fiduciary net position of the Town's OPEB Plan (the Plan) and additions to/deductions from the Plan's fiduciary net position have been determined on the same basis as they are reported by the Plan. For this purpose, the Plan recognizes benefit payments when due and payable in accordance with the benefit terms.

Plan Description
The Town administers a single employer defined-benefit post-employment healthcare plan (the Plan).

Dependents are eligible to enroll, and benefits continue to surviving spouses.

Benefits Provided
The Town provides lifetime retiree health benefits for employees who retire within 120 days of separation while receiving benefits from CalPERS. Eligibility requires a minimum of five years of CalPERS service, with retirement age thresholds varying based on membership date. Spouses or domestic partners may continue coverage at a retiree's death if contributions are maintained. The Town does not subsidize dental, vision, life insurance, or Medicare Part B reimbursements. Employer subsidies vary by coverage type. Retirees contribute any remaining premium costs beyond employer subsidies.

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Accounting Information
Contributions
Contribution rate: 37.64% for 18 years,

17.24% thereafter.

Reporting period contributions: $ (Includes implicit subsidy credit.) 798,034 Financial Report
Net OPEB Liability
Actuarial Assumptions
Measurement Date: June 30, 2022 June 30, 2023
Discount Rate 4.27% 3.89%
Investment Rate of Return 6.50% 6.50%
Inflation 2.30% 2.30%
Healthcare Cost Trend Rates
Pre-Medicare 5.50% 7.40% *
Medicare 5.30% 4.20% *
Salary Increases 2.80% 2.80% **
Mortality Rates
Discount Rate
Draft Notes to the Financial Statements
The Town makes contributions based on an actuarially determined rate.

The Town's total OPEB liability was valued as of June 30, 2023, and was used to calculate the net OPEB liability measured as of June 30, 2023.

The total OPEB liability in the June 30, 2023 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:
• Experience studies come from the CalPERS Pension Assumption Model, effective November 17, 2021. • Projections of the sharing of benefit-related costs are based on an established pattern of practice.

Based on CalPERS Tables
*Trending down to 4.14% over 52 years. Applies to calendar years. **Additional merit-based increases based on CalPERS merit salary increase tables.

The Town issues a stand-alone financial report that is available to the public. The report is available at:
• Inactive employees (retirees) pay the cost of benefits in excess of the Town's contribution. • There were no ad hoc postemployment benefit changes (including ad hoc COLAs) to the plan.

GASB 75 allows the use of a discount rate that is up to the expected long-term rate of return on the assets in the Trust set aside to pay benefits, if the plan sponsor makes regular contributions to the Trust such that the assets are not depleted at any point in the future. If the Plans' actuary determines that contributions are not sufficient to keep the Trust funded, a blend of the long-term rate of return and the yield or index rate for 20- year, tax-exempt municipal bonds will be used for the periods when the Trust funds are not sufficient to cover benefit payments. Based on this requirement, and with the approval of the plan sponsor, the discount rate used to measure the total OPEB liability is 3.89%.
• There were no changes between the measurement date and the report date that are expected to have a significant effect on the net OPEB liability.
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Accounting Information
Long-Term Expected Real Rate of Return
Asset Class
Cash/MMkt 4.61%
Fixed Income 18.62%
Large Cap 30.18%
Mid Cap 3.54%
Small Cap 11.28%
International 6.12%
Commodity/Nat Resource 3.18%
Emerging Markets 2.94%
Other 19.53%
Total 100.00%
Inflation 2.3%
Expected Compound Return 6.50%
Short-Term/Long-Term Liabilities
Amount
Current OPEB Liability $ 853,871
Non-Current OPEB Liability 18,613,659
Total OPEB Liability $ 19,467,530
Expected Average Remaining Service Lives (EARSL)
EARSL: 6.4 years
The long-term expected rate of return is determined using the long-term rates of return developed SISC for their Moderate Growth funds. We used the same rate of return as the last valuation, given that there is little change in expected rates of return between the valuation dates.

Draft Notes to the Financial Statements
The effects on the total OPEB liability of (1) changes of economic and demographic assumptions or of other inputs and (2) differences between expected and actual experience are required to be included in the OPEB expense in a systematic and rational manner over a closed period equal to the average of the expected remaining service lives of all employees that are provided with benefits through the OPEB plan (active employees and inactive employees), beginning in the current period. The expected average remaining service lives (EARSL) for the current period follows. Note, however, that for calculation purposes, we use 1 when calculating amortizations if the EARSL is less than 1 year.

Allocation
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Accounting Information
Changes in the Net OPEB Liability
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability
(a) (b) (c) = (a) − (b)
Balance as of Report Date June 30, 2023 $ 12,046,535 $ 254,661 $ 11,791,874 Changes for the Year:

Service Cost 325,798 325,798
Interest 511,261 511,261
Changes of Benefit Terms 6,061,263 6,061,263
Differences Between Expected and Actual
Experience
1,501,673 1,501,673
Changes of Assumptions (180,966) (180,966)
Contributions
Employer — Town's Contributions 706,148 (706,148)
Employer — Implicit Subsidy 91,886 (91,886)
Net Investment Income 26,982 (26,982)
Benefit Payments (706,148) (706,148) -
Implicit Subsidy (91,886) (91,886) -
Administrative Expense - -
Other Miscellaneous Income/(Expense) - - -
Net Change 26,982 7,420,995 7,394,013
Balance as of Report Date June 30, 2024 $ 281,643 19,467,530 $ 19,185,887 $ Increase/(Decrease)
Draft Notes to the Financial Statements
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Accounting Information
Sensitivity of Liabilities to Changes in the Discount Rate and Healthcare Cost Trend Rate 1% Decrease Discount Rate 1% Increase

2.89% 3.89% 4.89%
Total OPEB Liability (Asset) $ 19,467,530 22,204,596 $ 17,231,902 $ Increase (Decrease) 2,737,066 (2,235,628)
% Change 14.1% -11.5%
Net OPEB Liability (Asset) 21,922,953 $ 19,185,887 $ 16,950,259 $ Increase (Decrease) 2,737,066 (2,235,628)
% Change 14.3% -11.7%
1% Decrease Trend Rate 1% Increase

6.40% 7.40% 8.40%
Total OPEB Liability (Asset) $ 17,089,879 $ 19,467,530 $ 22,472,065 Increase (Decrease) (2,377,651) 3,004,535
% Change -12.2% 15.4%
Net OPEB Liability (Asset) $ 16,808,236 $ 19,185,887 $ 22,190,422 Increase (Decrease) (2,377,651) 3,004,535
% Change -12.4% 15.7%
Draft Notes to the Financial Statements
Sensitivity of the total and net OPEB liability to changes in the discount rate. The total and net OPEB liability of the Town, as well as what the Town's total and net OPEB liability would be if they were calculated using a discount rate that is one percentage point lower (2.89%) or one percentage point higher (4.89%) follows:

Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates.The healthcare trend for this valuation started at 7.40% and decreased to 4.14% over 52 years. The total OPEB liability of the Town, as well as what the Town's total OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower (6.40%) or one percentage point higher (8.40%) than current healthcare cost trend rates follows:

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Accounting Information
Deferred Outflows of
Resources
Deferred Inflows of
Resources
Differences Between Actual and Expected Experience $ 1,312,932 $ (232,890) Changes of Assumptions 1,592,657 (1,713,273)
Net Difference Between Projected and Actual Earnings on OPEB Plan Investments 1,838 -
Contributions Subsequent to the Measurement Date 822,432 - Total $ 3,729,859 (1,946,163) $
Report Year Ending June 30: Amount
2025 $ 476,393
2026 534,670
2027 (164,569)
2028 (174,132)
2029 206,361
Remaining 82,541
OPEB Expense and Deferred Inflows and Outflows of Resources Related to OPEB Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

For the report year ended June 30, 2024, the Town recognized an OPEB expense of $7,342,970. The Town reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Draft Notes to the Financial Statements
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Basis of Valuation
Duration
Minimum Age
Minimum Service
Eligibility
Membership Date Requirements Requirements
Before 1/1/2013
On/After 1/1/2013
Spouse Benefits
Dependent Benefits
Ancillary Benefits
Employer Subsidy
Coverage 2023 Subsidy 2025 Subsidy*
Employee Only $ 504.15 810.96
Employee + Spouse 1,008.29 1,621.92
Family 1,310.79 2,108.50
* Caps increase with medical trend after 2025 so that they remain equal to 80% of the Pre-Medicare PERS Gold rates.

Age 52 with 5 years of CalPERS service.

Employees are allowed to elect spousal or domestic partner coverage at retirement. Retiree medical coverage continues to surviving spouses or dependent domestic partners at the death of retirees as long as the required contributions are made or the marriage or partnership is dissolved. There is no surviving spouse coverage at the death of active employees.

The Town pays up to these amounts each month for those who retire from the Town under CalPERS. Non-Safety employees receive the same level of subsidy as Safety members as of June 2022. Changes made in 2025 and later do not impact Fire retirees.

Substantive Plan
A summary of the substantive plan used as the basis of the valuation follows.

All Retirees — Description of Benefits
Lifetime
50, 52 for PEPRA New employees
Five Years
Employees are eligible for lifetime retiree health benefits once they retire within 120 days from date of separation and the retiree must be receiving benefits from California Public Employees Retirement System (CalPERS). The earliest service retirement eligibility requirements under CalPERS are as follows:

There is no Town-subsidized dental, vision, life insurance benefit, or Medicare Part B reimbursement at retirement.

Age 50 with 5 years of CalPERS service.

Retirees may cover their children.

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Basis of Valuation
Census Date:

Age and service determined as of the census date.
< 1 1–4 5–9 10–14 15–19 20–24 25–29 30–34 35–39 40+
< 25
25–29 25 4 11
30–34 22 2 6
35–39 26 3 1 12
40–44 58 3 3 19
45–49 8111 11
50–54 12 1 1 5
55–59 51232 13
60–64 21 3
65–69 12 3
70+
Total 13 38 16 4 9 3 83
Average Active Participant Age: 44.4
Changes from Prior Census Average Years of Service: 6.0 Active Participants Count
Prior Census 65 Age Retiree Spouse Total
Hires 28 < 50 11 2
Terminations* (7) 50–54 33 6
Retirements (3) 55–59 65 11
Current Census 83 60–64 67 13
65–69 13 9 22
70–74 21 15 36
Inactive Participants Retiree Spouse Total 75–79 17 9 26 Prior Census 81 51 132 80–84 71 8
Retirements 3 2 5 85-89 53 8
Deaths* (4) 0 (4) 90+ 1 1
Current Census 80 53 133 Total 80 53 133
*Includes withdrawals Average Inactive Participant Age: 71.0 Inactive Participants
Participant Summary
Age
Years of Service
Total
Active Participants
June 30, 2023
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Basis of Valuation
Census Date: June 30, 2023
Age and service determined as of the census date.

Prior Report: 42.6
Current: 44.4
Change: 1.8
% Change: 4.2%
Prior Report: 6.1
Current: 6.0
Change: (0.1)
% Change: -1.6%
Prior Report: 70.9
Current: 71.0
Change: 0.1
% Change: 0.1%
Participant Summary Charts
Average Active
Participant Age
Average Years of
Service
Average Inactive
Participant Age
5 10
15 20
< 25 25–29 30–34 35–39 40–44 45–49 50–54 55–59 60–64 65–69 70+ Actives by Age Bracket
Prior Current
5 10
15 20
25 30
35 40
< 1 1–4 5–9 10–14 15–19 20–24 25–29 30–34 35–39 40+
Actives by Years of Service
Prior Current
5 10
15 20
25 < 50 50–54 55–59 60–64 65–69 70–74 75–79 80–84 85-89 90+ Inactives by Age Bracket
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Basis of Valuation
Assumption Rates
Actuarial Cost Method Entry-Age Normal, Level Percentage of Salary Valuation Date
Measurement Date
Report Date
Discount Rate
Mortality
Termination Rates
Disability
Retirement
Annual Per Capita Claims
Cost
Males Females
45 15,861$ 12,958$
50 14,157 14,169
55 16,848 15,436
60 19,674 17,432
Average Per Capita Cost for
Implicit Subsidy Calculation
Actuarial Assumptions
June 30, 2023
June 30, 2023
June 30, 2024
Developed based on premiums for the Town's enrollment by plan, family demographics from CalPERS plans, and risk scores (both HMO and PPO) for the CalPERS population.

A summary of the actuarial assumptions used for this valuation follows. We considered the reasonableness of each assumption independently based on its own merits, consistent with each other assumption, and the combined impact of all assumptions.

The discount rate selected is 3.89%. GASB 75 allows the use of a discount rate that is up to the expected long-term rate of return on the assets in the Trust set aside to pay benefits, if the plan sponsor makes regular contributions to the Trust such that the assets are not depleted at any point in the future. If the Plans' actuary determines that contributions are not sufficient to keep the Trust funded, a blend of the long-term rate of return and the yield or index rate for 20-year, tax-exempt municipal bonds will be used for the periods when the Trust funds are not sufficient to cover benefit payments.

Same as CalPERS. See appendix.

Same as CalPERS. See appendix.

Developed using CalPERS experience to calculate age-related risk scores, but using the Town's actual premiums for all other purposes. Assumed annual per capita claims costs follow:

Same as CalPERS. See appendix. Also known as "turnover".

Same as CalPERS. See appendix.

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Basis of Valuation
Assumption
Aging or Morbidity Factors
Participant Contributions
Salary Increases
Inflation Rate
Marital Status
Spouse Gender
Spouse Age Difference
Health Plan Election
Participation
Rates
Based on actual CalPERS HMO and PPO population data.

Based on service at retirement and employee group.

2.80% The salary increase is used to determine the growth in the aggregate payroll.

Individual Salary Increases: 2021 CalPERS Merit Salary Increases.

2.30%. Same as CalPERS.

Current Retirees: Actual spouse coverage is used.

Future retirees: 75% of future retirees are assumed to cover a spouse.

Assumes spouse of opposite gender for current and future retirees.

Actual spouse age is used for current retirees. Assumes males are three years older than females for future retirees.

Current Retirees: Assumes current elections continue until decrement.

Future Retiree: Assumes 100% elect coverage at retirement.

Actuarial Assumptions
All participants are assumed to continue with the same medical plan in retirement for both pre-Medicare and Medicare plans.

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Basis of Valuation
Assumption Rates
Premiums Premiums used to develop aged claims.

Effective Januay 1, 2023
Plan Plan Single Two-Party Family
$ 2,070.42 1,035.21 $ 2,691.55 $
1,651.22 825.61 2,146.59
2,400.24 1,200.12 3,120.31
1,875.00 825.00 2,300.00
2,007.80 1,003.90 2,610.14
1,899.00 935.00 2,250.00
Effective Januay 1, 2024
Region Plan Single Two-Party Family
$ 2,153.68 1,076.84 $ 2,799.78 $
1,829.64 914.82 2,378.53
2,628.54 1,314.27 3,417.10
2,117.00 931.00 2,651.00
2,293.72 1,146.86 2,981.84
2,144.00 1,056.00 2,540.00
Trend Rates
Calendar Year
Pre-Medicare
Trend
Medicare
Trend
2023 7.40% 4.20%
2024 6.80% 4.17%
2025 6.20% 4.14%
2026 5.60% 4.14%
2027 5.50% 4.14%
2028 5.39% 4.14%
2029 5.29% 4.14%
2030 5.18% 4.14%
2031–2074 … …
2075+ 4.14% 4.14%
PORAC — Out of State
Actuarial Assumptions
Medical long-term trends from Society of Actuaries "Long Term Healthcare Cost Trends Model v2023_1f" using baseline assumptions. Applied to claims, premiums and benefit caps.

Blue Shield Access+ — Region 1
PERS Gold — Region 1
PERS Platinum — Region 1
PORAC — Region 1
PERS Platinum — Out of State
PORAC — Out of State
Blue Shield Access+ — Region 1
PERS Gold — Region 1
PERS Platinum — Region 1
PORAC — Region 1
PERS Platinum — Out of State
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Appendix
About GASB 75
This section includes a brief summary of GASB 75, as well as definitions of some of the key terminology used in this report.

About GASB 75
In General. In June 2015 the Governmental Accounting Standards Board released GASB 75, “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions”. GASB 75 replaced GASB 45 for fiscal years beginning after June 15, 2017, for employers that sponsor OPEB plans. The provisions in GASB 75 are similar to the provisions of GASB 68 for pensions.

Accounting. GASB 75 requires a liability known as the Net OPEB Liability (NOL). The employer recognizes the NOL on its balance sheet. The employer also recognizes an OPEB expense in the income statement. GASB 45 recorded the Unfunded Accrued Actuarial Liability (UAAL) in the notes to the financial statement, whereas GASB 75 records the NOL, which is very similar to the UAAL with just a few technical differences, on the balance sheet.

Financial Statement Impact (Employers). One of the biggest changes to the financial statements of governmental employers that provide OPEB is the reporting of the OPEB liability on the face of the statements rather than in the footnotes. Governments that do not provide OPEB through a trust are required to recognize the entire OPEB liability in the financial statements. For governments that provide OPEB through an OPEB plan that is administered through a trust, the government’s OPEB liability is recognized net of the amount of the OPEB plan’s fiduciary net position.

Changes to the Measurement of the Total OPEB Liability. Measurement of the OPEB liability includes discounting future benefit payments for current and former employees and their beneficiaries to their present value and allocating the present value over past and future periods of the employee service (total OPEB liability), less the amount of the OPEB plan’s fiduciary net position. The calculation continues to include employee-related events, such as projected salary increases and projected years of service, if they affect the amount of OPEB payments employees will receive, as well as provisions for automatic cost-of-living adjustments (COLAs) and other automatic benefits. Additionally, ad hoc COLAs and other ad hoc benefit changes, which are made at the discretion of the government, are included in projections as well, if they routinely recur.

GASB 75 requires governments to discount projected OPEB payments to their present value. Under the new standard, governments discount the projected OPEB payments to be made in each year and the amount of plan assets (if a government administers the OPEB through a trust) available for providing those benefits to current active and inactive employees and their beneficiaries. Similar to the pension standards, the discount rate used is based on whether the plan assets are projected to be sufficient to make future payments. If the plan assets are sufficient, governments discount future payments using the long-term expected rate of return. If projected plan assets are insufficient to make all future payments to current and inactive employees and their beneficiaries, or if there are no plan assets held in trust, the discount rate is based on a high-quality 20-year tax-exempt general obligation municipal bond yield or index rate. “High-quality” is defined as being rated AA or higher (or an equivalent rating).

Cost Method. The Entry Age Normal Cost method must be used.

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Appendix
About GASB 75
About GASB 75 (continued)
Factors that affect a government’s OPEB liability, such as actual earnings on plan investments when the OPEB plan is administered as a trust, employee compensation changes, interest on the outstanding OPEB liability, contributions from employees and employers, and actual demographic and economic changes that are not in line with assumptions made in the actuarial calculations, are considered when determining the government’s OPEB expense. A government’s annual OPEB expense is calculated with consideration for factors affecting the OPEB liability within the reporting period. Several causes of changes in OPEB liability are immediately factored into the calculation of OPEB expense for the period, such as benefits earned each year, interest on the total OPEB liability, changes in benefit terms, and projected earnings on plan investments, if administered through a trust.

Governments are required to recognize deferred outflows of resources or deferred inflows of resources and then introduce into the expense calculation, systematically and rationally over the average remaining years of employment (active employees and inactive employees, including retirees), the effect on the total OPEB liability of differences between assumptions and actual experience.

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Appendix
Actuarially Determined
Contribution
A target or recommended contribution to a defined benefit OPEB plan for the reporting period, determined in conformity with Actuarial Standards of Practice based on the most recent measurement available when the contribution for the reporting period was adopted.

Actuarial Present Value
of Projected Benefit
Payments
Projected benefit payments discounted to reflect the expected effects of the time value (present value) of money and the probabilities of payment.

Agent Employer An employer whose employees are provided with OPEB through an agent multipleemployer defined-benefit OPEB plan.

Closed Period A specific number of years that is counted from one date, which declines to zero with the passage of time. For example, if the recognition period initially is five years on a closed basis, four years remain after the first year, three years after the second year, and so forth until no years remain.

Contributions Additions to an OPEB plan's fiduciary net position for amounts from employers, nonemployer contributing entities, or employees.

Dates and Periods
• Census Date The date of the census. It is usually the same as the Valuation Date. • Measurement Date The date on which assets are measured. The liabilities are rolled forward to this date from the Valuation Date, should it differ, using actuarial roll-forward techniques.
• Measurement Period The year ending on the Measurement Date. • Report Date The date on which the amounts are reported in the financial statements. It is the same as the fiscal year-end. It may be up to one year ahead of the Measurement Date, with no roll-forward of liabilities or assets required. • Reporting Period The year ending on the Report Date. It is the same as the fiscal year. • Valuation Date The date on which the liabilities are valued.

Deferred Inflows and
Outflows of Resources
The portion of the changes in the Net OPEB Liability that are not recognized in the current pension expense and are recognized in later periods. The changes deferred include differences between expected and actual experience, changes in assumptions, and differences between expected and actual earnings on OPEB plan investments.

Key Terminology
About GASB 75
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Appendix
Defined-Benefit OPEB OPEB for which the benefits that the employee will receive at or after separation from employment are defined by the benefit terms. The OPEB may be stated as (a) a specified dollar amount (b) an amount that is calculated based on one or more factors such as age, years of service, and compensation, or (c) a type or level of coverage such as prescription drug coverage or a percentage of health insurance premiums. OPEB that does not have all of the terms of defined contribution OPEB is classified as defined-benefit OPEB.

Discount Rate The single rate of return that reflects the following:
a. The long-term expected rate of return on OPEB plan investments that are expected to be used to finance the payment of benefits, to the extent that (1) the OPEB plan's fiduciary net position is projected to be sufficient to make projected benefit payments, and (2) OPEB plan assets are expected to be invested using a strategy to achieve that return.
b. A yield or index rate for 20-year, tax-exempt general-obligation municipal bonds with an average rating of AA/Aa or higher (or equivalent quality on another scale), to the extent that the conditions in (a) are not met.

Fiduciary Net Position The market value of assets as of the Measurement Date.

Implicit Subsidy The implicit subsidy arises when an employer allows a retiree and the retiree's dependents to continue on the plans for active employees, and pay the activeemployee premiums. Retirees are not paying the true cost of their benefits because they have higher costs than active employees, and therefore are partially subsidized by the active employees. Once a retiree reaches Medicare eligibility, the rates are set for Medicare retirees separately, and are set to be sufficient to cover the true costs of the Medicare retirees. Thus, there is no implicit subsidy for Medicare retirees.

Net OPEB Liability The Total OPEB Liability minus the Fiduciary Net Position.

Normal Cost See Service Cost.

Other Postemployment
Benefits (OPEB)
Benefits (such as death benefits, life insurance, disability, and long-term care) that are paid in the period after employment and that are provided separately from a pension plan, as well as healthcare benefits paid in the period after employment, regardless of the manner in which they are provided. OPEB does not include termination benefits or termination payment for sick leave.

Projected Benefit
Payments
All benefits estimated to be payable through OPEB plan to current active and inactive employees as a result of their past service and their expected future service.

Key Terminology (continued)
About GASB 75
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Appendix
Service Cost The portions of the actuarial present value of projected benefit payments that are attributed to valuation years. Also called Normal Cost.

Substantive Plan The plan terms as understood by the employer and the plan members at the time of the valuation, including only changes to plan terms that have been made and communicated to employees.

Total OPEB Liability The liability of employers and non-employer contributing entities to employees for benefits provided through a defined-benefit OPEB plan that is administered through a trust that meets the criteria in paragraph 4 of GASB 75.

About GASB 75
Key Terminology (continued)
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Appendix
Mortality Source Table
Miscellaneous Employees Mort and Disb Rates_PA Misc
Police Employees Mort and Disb Rates_PA Police
Disability Source Table
Miscellaneous Employees Mort and Disb Rates_PA Misc
Police Employees Mort and Disb Rates_PA Police
Terminated Refund Rates
Miscellaneous Employees Term Refund Rates_PA Misc Male
Police Employees Term Refund Rates_Police Male
Terminated Vested Rates
Miscellaneous Employees Term Vested Rates_PA Misc Male
Police Employees Term Vested Rates_Police Male
Salary Scale Rates
Miscellaneous Employees Salary Scale Rates_PA Misc
Police Employees Salary Scale Rates_PA Police
Service Retirement Rates
Miscellaneous Employees
• 2.0% at 55 Rx PA Misc 2% @ 55
• 2.0% at 60 Rx PA Misc 2% @ 60
• 2.0% at 62 Rx PA Misc 2% @ 62
Police Employees
• 2.7% at 57 Rx PA Safety Police 2.7% @ 57
• 3.0% at 50 Rx Safety Police 3% @50
• 3.0% at 55 Rx Safety Police 3% @55
Decrement Tables
The valuation used the following decrement tables from the CalPERS OPEB Assumption Model, dated November 17, 2021:

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Public Agency Miscellaneous
Attained
Age
Non
Industrial
Death
Industrial
Death
Non
Industrial
Death
Industrial
Death
Healthy
Recipients
Non
Industrially
Disabled
Industrially
Disabled
Healthy
Recipients
Non
Industrially
Disabled
Industrially
Disabled
Non
Industrial
Disability
Industrial
Disability
Non
Industrial
Disability
Industrial
Disability
1 0.000160 0.000000 0.000030 0.000000 0.000150 0.000150 0.000150 0.000150 0.000150 0.000150 0.000000 0.000000 0.000000 0.000000 5 0.000160 0.000000 0.000030 0.000000 0.000100 0.000100 0.000100 0.000070 0.000070 0.000070 0.000000 0.000000 0.000000 0.000000 10 0.000160 0.000000 0.000030 0.000000 0.000090 0.000090 0.000090 0.000080 0.000080 0.000080 0.000000 0.000000 0.000000 0.00000015 0.000180 0.000000 0.000100 0.000000 0.000170 0.000170 0.000170 0.000090 0.000090 0.000090 0.000000 0.000000 0.000000 0.00000020 0.000390 0.000000 0.000140 0.000000 0.000390 0.004110 0.001460 0.000140 0.002330 0.000530 0.000070 0.000000 0.000040 0.00000025 0.000330 0.000000 0.000130 0.000000 0.000330 0.003360 0.001540 0.000130 0.001870 0.000690 0.000070 0.000000 0.000090 0.00000030 0.000440 0.000000 0.000190 0.000000 0.000440 0.004520 0.001820 0.000190 0.003010 0.000990 0.000170 0.000000 0.000330 0.00000035 0.000580 0.000000 0.000290 0.000000 0.000580 0.006030 0.002080 0.000290 0.005040 0.001360 0.000350 0.000000 0.000650 0.00000040 0.000750 0.000000 0.000390 0.000000 0.000750 0.007790 0.002440 0.000390 0.007300 0.001770 0.000910 0.000000 0.001190 0.00000045 0.000930 0.000000 0.000540 0.000000 0.000930 0.011200 0.003140 0.000540 0.010190 0.002270 0.001490 0.000000 0.001850 0.00000050 0.001340 0.000000 0.000810 0.000000 0.002710 0.017270 0.004370 0.001990 0.014390 0.003110 0.001540 0.000000 0.001930 0.00000055 0.001980 0.000000 0.001230 0.000000 0.003910 0.022170 0.006230 0.003250 0.017340 0.005500 0.001390 0.000000 0.001290 0.00000060 0.002870 0.000000 0.001790 0.000000 0.005750 0.026810 0.009350 0.004550 0.019620 0.008680 0.001240 0.000000 0.000940 0.00000065 0.004030 0.000000 0.002500 0.000000 0.008560 0.033320 0.013930 0.006120 0.022760 0.011900 0.001090 0.000000 0.000830 0.00000070 0.005940 0.000000 0.004040 0.000000 0.013400 0.040560 0.021890 0.009960 0.029100 0.018580 0.000970 0.000000 0.000540 0.00000075 0.009330 0.000000 0.006880 0.000000 0.024000 0.054650 0.034980 0.017830 0.041600 0.031340 0.000970 0.000000 0.000350 0.00000080 0.015150 0.000000 0.011490 0.000000 0.043800 0.080440 0.059320 0.034030 0.061120 0.051830 0.000970 0.000000 0.000350 0.00000085 0.000000 0.000000 0.000000 0.000000 0.082740 0.116950 0.102440 0.061660 0.093850 0.080450 0.000970 0.000000 0.000350 0.00000090 0.000000 0.000000 0.000000 0.000000 0.145390 0.167700 0.167390 0.110860 0.143960 0.124340 0.000970 0.000000 0.000350 0.00000095 0.000000 0.000000 0.000000 0.000000 0.247020 0.247020 0.247020 0.203640 0.203640 0.203640 0.000000 0.000000 0.000000 0.000000 100 0.000000 0.000000 0.000000 0.000000 0.361980 0.361980 0.361980 0.315820 0.315820 0.315820 0.000000 0.000000 0.000000 0.000000105 0.000000 0.000000 0.000000 0.000000 0.522290 0.522290 0.522290 0.446790 0.446790 0.446790 0.000000 0.000000 0.000000 0.000000110 0.000000 0.000000 0.000000 0.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000115 0.000000 0.000000 0.000000 0.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000120 0.000000 0.000000 0.000000 0.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000 Notes:
1) Pre-Retirement and Post-Retirement mortality rates include generational mortality improvement at 80% of the MP 2020 table published by the Society of Actuaries.2) Miscellaneous Plans usually have Industrial Death rates set to zero unless the agency has specifically contracted for Industrial Death benefits. If so, each Non-Industrial Death rate shown above will be split into two components: 99% will become the Non-Industrial Death rate and 1% will become the Industrial Death rate.3) The Miscellaneous Non-Industrial Disability rates are used for Local Prosecutors.4) Normally, Industrial Disability rates are zero for miscellaneous plans unless the agency has specifically contracted for Industrial Disability benefits. If so, each miscellaneous non-industrial disability rate will be split into two components: 50% will become the Non-Industrial Disability rate and 50% will become the Industrial Disability rate.

Sample Mortality and Disability Rates
Pre-Retirement Mortality Post-Retirement Mortality Disability Male Assumptions Female Assumptions Male Assumptions Female Assumptions Male Assumptions Female Assumptions Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 49
750
Public Agency Police
Attained
Age
Non
Industrial
Death
Industrial
Death
Non
Industrial
Death
Industrial
Death
Healthy
Recipients
Non
Industrially
Disabled
Industrially
Disabled
Healthy
Recipients
Non
Industrially
Disabled
Industrially
Disabled
Non
Industrial
Disability
Industrial
Disability
Non
Industrial
Disability
Industrial
Disability
1 0.000160 0.000030 0.000030 0.000030 0.000150 0.000150 0.000150 0.000150 0.000150 0.000150 0.000000 0.000000 0.000000 0.000000 5 0.000160 0.000030 0.000030 0.000030 0.000100 0.000100 0.000100 0.000070 0.000070 0.000070 0.000000 0.000000 0.000000 0.000000 10 0.000160 0.000030 0.000030 0.000030 0.000090 0.000090 0.000090 0.000080 0.000080 0.000080 0.000000 0.000000 0.000000 0.00000015 0.000160 0.000020 0.000090 0.000010 0.000170 0.000170 0.000170 0.000090 0.000090 0.000090 0.000000 0.000000 0.000000 0.00000020 0.000380 0.000040 0.000140 0.000020 0.000390 0.004110 0.001460 0.000140 0.002330 0.000530 0.000060 0.000000 0.000060 0.00000025 0.000340 0.000040 0.000180 0.000020 0.000330 0.003360 0.001540 0.000130 0.001870 0.000690 0.000060 0.001650 0.000060 0.00165030 0.000420 0.000050 0.000250 0.000030 0.000440 0.004520 0.001820 0.000190 0.003010 0.000990 0.000110 0.004760 0.000110 0.00476035 0.000480 0.000050 0.000340 0.000040 0.000580 0.006030 0.002080 0.000290 0.005040 0.001360 0.000170 0.007880 0.000170 0.00788040 0.000550 0.000060 0.000420 0.000050 0.000750 0.007790 0.002440 0.000390 0.007300 0.001770 0.000230 0.011000 0.000230 0.01100045 0.000660 0.000070 0.000530 0.000060 0.000930 0.011200 0.003140 0.000540 0.010190 0.002270 0.000280 0.014120 0.000280 0.01412050 0.000920 0.000100 0.000730 0.000080 0.002710 0.017270 0.004370 0.001990 0.014390 0.003110 0.000450 0.018460 0.000450 0.01846055 0.001380 0.000150 0.001060 0.000120 0.003910 0.022170 0.006230 0.003250 0.017340 0.005500 0.000740 0.047850 0.000740 0.04785060 0.002210 0.000250 0.001510 0.000170 0.005750 0.026810 0.009350 0.004550 0.019620 0.008680 0.001130 0.060240 0.001130 0.06024065 0.003460 0.000380 0.001940 0.000220 0.008560 0.033320 0.013930 0.006120 0.022760 0.011900 0.001130 0.072770 0.001130 0.07277070 0.006060 0.000670 0.003580 0.000400 0.013400 0.040560 0.021890 0.009960 0.029100 0.018580 0.001130 0.085490 0.001130 0.08549075 0.010990 0.001220 0.006990 0.000780 0.024000 0.054650 0.034980 0.017830 0.041600 0.031340 0.001130 0.098420 0.001130 0.09842080 0.020270 0.002250 0.014100 0.001570 0.043800 0.080440 0.059320 0.034030 0.061120 0.051830 0.001130 0.111610 0.001130 0.11161085 0.000000 0.000000 0.000000 0.000000 0.082740 0.116950 0.102440 0.061660 0.093850 0.080450 0.001130 0.000000 0.001130 0.00000090 0.000000 0.000000 0.000000 0.000000 0.145390 0.167700 0.167390 0.110860 0.143960 0.124340 0.001130 0.000000 0.001130 0.00000095 0.000000 0.000000 0.000000 0.000000 0.247020 0.247020 0.247020 0.203640 0.203640 0.203640 0.000000 0.000000 0.000000 0.000000 100 0.000000 0.000000 0.000000 0.000000 0.361980 0.361980 0.361980 0.315820 0.315820 0.315820 0.000000 0.000000 0.000000 0.000000105 0.000000 0.000000 0.000000 0.000000 0.522290 0.522290 0.522290 0.446790 0.446790 0.446790 0.000000 0.000000 0.000000 0.000000110 0.000000 0.000000 0.000000 0.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000115 0.000000 0.000000 0.000000 0.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000120 0.000000 0.000000 0.000000 0.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000 Notes:
1) Pre-Retirement and Post-Retirement mortality rates include generational mortality improvement at 80% of the MP 2020 table published by the Society of Actuaries.2) The Police Non-Industrial Disability rates are used for Other Safety, Local Sheriff, and School Police.3) The Police Industrial Disability rates are used for Local Sheriff and Other Safety.4) One Percent of the Police Industrial Disability rates are used for Local Prosecutors.5) Fifty Percent of the Police Industrial Disability Rates are used for School Police.

Sample Mortality and Disability Rates
Pre-Retirement Mortality Post-Retirement Mortality Disability Male Assumptions Female Assumptions Male Assumptions Female Assumptions Male Assumptions Female Assumptions Precision Actuarial Inc. / TrueComp 5/6/2025 Page | 50
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Appendix
Sample Terminated Refund Rates (Male)
Entry Ages Public Agency Miscellaneous
Service 15 20 25 30 35 40 45 50 55 59
0 0.18514 0.18514 0.17686 0.16306 0.14927 0.14899 0.14871 0.15086 0.15301 0.154735 0.04625 0.04625 0.04232 0.03576 0.02921 0.02611 0.02301 0.02387 0.02474 0.02543 10 0.01124 0.01124 0.01013 0.00828 0.00644 0.00484 0.00325 0.00324 0.00324 0.0032315 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000020 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000025 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000030 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000035 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000040 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000045 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000050 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 Sample Terminated Vested Rates (Male)
Entry Ages Public Agency Miscellaneous
Service 15 20 25 30 35 40 45 50 55 59
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.000005 0.03808 0.03808 0.03808 0.03576 0.03344 0.03007 0.02670 0.02221 0.00000 0.00000 10 0.02646 0.02646 0.02646 0.02544 0.02441 0.01965 0.01489 0.00000 0.00000 0.0000015 0.01804 0.01804 0.01804 0.01660 0.01515 0.01190 0.00000 0.00000 0.00000 0.0000020 0.01410 0.01410 0.01410 0.01097 0.00785 0.00000 0.00000 0.00000 0.00000 0.0000025 0.00844 0.00844 0.00844 0.00642 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000030 0.00471 0.00471 0.00471 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000035 0.00378 0.00378 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000040 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000045 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000050 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 Notes:

When a member is eligible to retire, the termination with vested benefits probability is set to zero.

Sample Termination Rates
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Appendix
Sample Terminated Refund Rates (Male)
Entry Ages Public Agency Police
Service 15 20 25 30 35 40 45 50 55 59
0 0.12981 0.12981 0.12981 0.12981 0.12981 0.12981 0.12981 0.12981 0.12981 0.129815 0.01129 0.01129 0.01129 0.01129 0.01129 0.01129 0.01129 0.01129 0.01129 0.01129 10 0.00319 0.00319 0.00319 0.00319 0.00319 0.00319 0.00319 0.00319 0.00319 0.0031915 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000020 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000025 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000030 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000035 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000040 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000045 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000050 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 Sample Terminated Vested Rates (Male)
Entry Ages Public Agency Police
Service 15 20 25 30 35 40 45 50 55 59
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.000005 0.01557 0.01557 0.01557 0.01557 0.01557 0.01557 0.01557 0.00000 0.00000 0.00000 10 0.01133 0.01133 0.01133 0.01133 0.01133 0.01133 0.00000 0.00000 0.00000 0.0000015 0.00825 0.00825 0.00825 0.00825 0.00825 0.00000 0.00000 0.00000 0.00000 0.0000020 0.00600 0.00600 0.00600 0.00600 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000025 0.00417 0.00417 0.00417 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000030 0.00209 0.00209 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000035 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000040 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000045 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.0000050 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 Notes:

When a member is eligible to retire, the termination with vested benefits probability is set to zero.

Sample Termination Rates
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Appendix
Entry Ages Public Agency Miscellaneous
Service 15 20 25 30 35 40 45 50 55 60 65 70 75 79
0 0.0764 0.0764 0.0764 0.0621 0.0621 0.0521 0.0521 0.0521 0.0521 0.0521 0.0521 0.0521 0.0521 0.05215 0.0378 0.0378 0.0378 0.0276 0.0276 0.0187 0.0187 0.0187 0.0187 0.0187 0.0187 0.0187 0.0187 0.0187 10 0.0201 0.0201 0.0201 0.0126 0.0126 0.0108 0.0108 0.0108 0.0108 0.0108 0.0108 0.0108 0.0108 0.010815 0.0155 0.0155 0.0155 0.0102 0.0102 0.0071 0.0071 0.0071 0.0071 0.0071 0.0071 0.0071 0.0071 0.007120 0.0119 0.0119 0.0119 0.0083 0.0083 0.0047 0.0047 0.0047 0.0047 0.0047 0.0047 0.0047 0.0047 0.004725 0.0091 0.0091 0.0091 0.0067 0.0067 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.003130 0.0070 0.0070 0.0070 0.0054 0.0054 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.002035 0.0070 0.0070 0.0070 0.0054 0.0054 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.002040 0.0070 0.0070 0.0070 0.0054 0.0054 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.002045 0.0070 0.0070 0.0070 0.0054 0.0054 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.002050 0.0070 0.0070 0.0070 0.0054 0.0054 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 0.0020 Entry Ages Public Agency Police
Service 15 20 25 30 35 40 45 50 55 60 65 70 75 79
0 0.1181 0.1181 0.1181 0.1051 0.1051 0.0653 0.0653 0.0653 0.0653 0.0653 0.0653 0.0653 0.0653 0.06535 0.0365 0.0365 0.0365 0.0290 0.0290 0.0235 0.0235 0.0235 0.0235 0.0235 0.0235 0.0235 0.0235 0.0235 10 0.0185 0.0185 0.0185 0.0155 0.0155 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.011815 0.0183 0.0183 0.0183 0.0150 0.0150 0.0131 0.0131 0.0131 0.0131 0.0131 0.0131 0.0131 0.0131 0.013120 0.0181 0.0181 0.0181 0.0145 0.0145 0.0145 0.0145 0.0145 0.0145 0.0145 0.0145 0.0145 0.0145 0.014525 0.0179 0.0179 0.0179 0.0141 0.0141 0.0161 0.0161 0.0161 0.0161 0.0161 0.0161 0.0161 0.0161 0.016130 0.0178 0.0178 0.0178 0.0136 0.0136 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.017935 0.0178 0.0178 0.0178 0.0136 0.0136 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.017940 0.0178 0.0178 0.0178 0.0136 0.0136 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.017945 0.0178 0.0178 0.0178 0.0136 0.0136 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.017950 0.0178 0.0178 0.0178 0.0136 0.0136 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 0.0179 Sample Salary Scale Rates
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Appendix
Attained Ages Public Agency Miscellaneous 2% @ 55
Service 50 55 60 65 70 75 79
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 5 0.01400 0.04500 0.05900 0.16700 0.22900 1.00000 1.00000 10 0.01400 0.04200 0.06400 0.18700 0.22900 1.00000 1.00000 15 0.01700 0.05300 0.08300 0.21000 0.22900 1.00000 1.00000 20 0.02100 0.08600 0.11500 0.26200 0.22900 1.00000 1.00000 25 0.02300 0.09800 0.15400 0.28800 0.22900 1.00000 1.00000 30 0.02400 0.12300 0.17000 0.29100 0.22900 1.00000 1.00000 35 0.02400 0.16400 0.18600 0.29100 0.22900 1.00000 1.00000 40 0.00000 0.18400 0.18800 0.29100 0.22900 1.00000 1.00000 45 0.00000 0.00000 0.18800 0.29100 0.22900 1.00000 1.00000 50 0.00000 0.00000 0.00000 0.29100 0.22900 1.00000 1.00000 Attained Ages Public Agency Miscellaneous 2% @ 60
Service 50 55 60 65 70 75 79
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 5 0.01000 0.01200 0.06300 0.13800 0.20000 1.00000 1.00000 10 0.01100 0.01600 0.06900 0.16000 0.20000 1.00000 1.00000 15 0.01400 0.02400 0.07400 0.21400 0.20000 1.00000 1.00000 20 0.01400 0.03200 0.09000 0.21600 0.20000 1.00000 1.00000 25 0.01700 0.03600 0.13700 0.23700 0.20000 1.00000 1.00000 30 0.01700 0.03600 0.11600 0.28300 0.20000 1.00000 1.00000 35 0.01700 0.03600 0.12500 0.31300 0.20000 1.00000 1.00000 40 0.00000 0.03600 0.12500 0.31300 0.20000 1.00000 1.00000 45 0.00000 0.00000 0.12500 0.31300 0.20000 1.00000 1.00000 50 0.00000 0.00000 0.00000 0.31300 0.20000 1.00000 1.00000 Attained Ages Public Agency Miscellaneous 2% @ 62
Service 50 55 60 65 70 75 79
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 5 0.00000 0.01000 0.03100 0.10800 0.12000 1.00000 1.00000 10 0.00000 0.01900 0.05100 0.14100 0.15600 1.00000 1.00000 15 0.00000 0.02800 0.07100 0.17300 0.19300 1.00000 1.00000 20 0.00000 0.03600 0.09100 0.20600 0.22900 1.00000 1.00000 25 0.00000 0.06100 0.11100 0.23900 0.26500 1.00000 1.00000 30 0.00000 0.09600 0.13800 0.30000 0.33300 1.00000 1.00000 35 0.00000 0.15200 0.18300 0.34800 0.38700 1.00000 1.00000 40 0.00000 0.18000 0.20400 0.36000 0.40000 1.00000 1.00000 45 0.00000 0.00000 0.20400 0.36000 0.40000 1.00000 1.00000 50 0.00000 0.00000 0.00000 1.00000 1.00000 1.00000 1.00000 Matrix of Sample Service Retirement Assumption Rates
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Appendix
Attained Ages Public Agency Police 2.7% @ 57
Service 50 55 60 65 70 75 79
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 5 0.05000 0.06800 0.15000 1.00000 1.00000 1.00000 1.00000 10 0.05000 0.06800 0.15000 1.00000 1.00000 1.00000 1.00000 15 0.05000 0.06800 0.15000 1.00000 1.00000 1.00000 1.00000 20 0.05000 0.09100 0.15000 1.00000 1.00000 1.00000 1.00000 25 0.05000 0.13400 0.15000 1.00000 1.00000 1.00000 1.00000 30 0.10000 0.24200 0.22800 1.00000 1.00000 1.00000 1.00000 35 0.11000 0.38800 0.35000 1.00000 1.00000 1.00000 1.00000 40 0.00000 0.38800 0.35000 1.00000 1.00000 1.00000 1.00000 45 0.00000 0.00000 0.35000 1.00000 1.00000 1.00000 1.00000 50 0.00000 0.00000 0.00000 1.00000 1.00000 1.00000 1.00000 Attained Ages Public Agency Police 3% @ 50
Service 50 55 60 65 70 75 79
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 5 0.12400 0.06900 0.34300 1.00000 1.00000 1.00000 1.00000 10 0.10300 0.07400 0.18000 1.00000 1.00000 1.00000 1.00000 15 0.11300 0.08100 0.15900 1.00000 1.00000 1.00000 1.00000 20 0.14300 0.11300 0.18800 1.00000 1.00000 1.00000 1.00000 25 0.24400 0.20900 0.24700 1.00000 1.00000 1.00000 1.00000 30 0.37600 0.30500 0.24700 1.00000 1.00000 1.00000 1.00000 35 0.43800 0.33600 0.24700 1.00000 1.00000 1.00000 1.00000 40 0.00000 0.33600 0.24700 1.00000 1.00000 1.00000 1.00000 45 0.00000 0.00000 0.24700 1.00000 1.00000 1.00000 1.00000 50 0.00000 0.00000 0.00000 1.00000 1.00000 1.00000 1.00000 Attained Ages Public Agency Police 3% @ 55
Service 50 55 60 65 70 75 79
0 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 5 0.01900 0.00600 0.15500 1.00000 1.00000 1.00000 1.00000 10 0.05300 0.11500 0.15500 1.00000 1.00000 1.00000 1.00000 15 0.04500 0.14100 0.15500 1.00000 1.00000 1.00000 1.00000 20 0.05400 0.19900 0.15500 1.00000 1.00000 1.00000 1.00000 25 0.05700 0.23100 0.15500 1.00000 1.00000 1.00000 1.00000 30 0.06100 0.25900 0.15500 1.00000 1.00000 1.00000 1.00000 35 0.06100 0.25900 0.15500 1.00000 1.00000 1.00000 1.00000 40 0.00000 0.25900 0.15500 1.00000 1.00000 1.00000 1.00000 45 0.00000 0.00000 0.15500 1.00000 1.00000 1.00000 1.00000 50 0.00000 0.00000 0.00000 1.00000 1.00000 1.00000 1.00000 Notes:

Matrix of Sample Service Retirement Assumption Rates
These rates also apply to County Peace officers, Local Prosecutors, Local Sheriff, School Police, and Other Safety.

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