Pismo Beach City Council
April 2, 2024

AGENDA
Pismo Beach City Council
Pismo Beach Public Financing Authority Board
Tuesday, April 2, 2024
Time Meeting Type Physical Location Virtual Participation Option 5:30 p.m. Regular Joint Meeting 1 2 Council Chamber, City Hall https://us02web.zoom.us/j/84823715585 1 Live virtual viewing is offered via Zoom.
2 Broadcast meeting also available for viewing on cable Channel 20 and online at pismobeach.org/agenda.

0.HYBRID MEETING INSTRUCTIONS:

This meeting is being conducted in a hybrid format with both in-person and virtual options. Ways to watch this meeting and submit public comment are provided below.

Watch and participate in person:
•Visit the Council Chamber at City Hall, 760 Mattie Road, Pismo Beach, CA 93449. •To make public comment, please submit an optional blue “speaker slip” to staff; the Mayor will ask you to approach the lectern to speak during the public comment period on your item of interest.

Watch via Zoom:
•Click this link on any computer or mobile device: https://us02web.zoom.us/j/84823715585 . This URL may also be typed into a web browser.

Listen via telephone:
•Call 1-669-900-6833 to join by telephone audio only. Enter Meeting ID 848 2371 5585 when prompted.

Watch online:
•Visit www.pismobeach.org/agenda and scroll to “Upcoming Events.” When the live broadcast begins, an “In Progress” link will appear; click this link to watch the livestream. A recording of the meeting will be available on demand shortly after the meeting ends.

Watch on Channel 20:
•Tune to local cable channel 20 in Pismo Beach; the meeting will be broadcast live. Meetings are also replayed at 9:00 a.m., 6:00 p.m., and 1:00 a.m. each day the following week.

Submit written comment prior to, or during, the meeting:
•In advance of the meeting, written comments may be emailed to [email protected] or mailed or delivered to the City Clerk’s Office, 760 Mattie Road, Pismo Beach, CA 93449. During the Regular Meeting no later than the start of the comment period for your item of interest, written comment may be hand-delivered to staff in the Council Chamber. Emails submitted after the start of the meeting may not be fully considered prior to any action taken on the item.

Submit voicemail comment:
•Call 805-773-7005 and leave a voicemail before the meeting. Voicemails submitted after the start of the meeting may not be fully considered prior to any action taken on the item. This automated voicemail line will not be answered or monitored for other purposes.

Please note:
•In the event a Council Member participates in this meeting by teleconference under the provisions of Government Code Section 54953(f), public comment will be accepted via Zoom, including by telephone audio, as required by law. However, the timing of a request by a Council Member to participate remotely may not allow sufficient time to post an agenda containing information on how the public may participate via Zoom or telephone. In such instances, the City Clerk or another staff member will orally provide such information at the meeting.
•Meetings may begin a few minutes after the scheduled start time. •Meetings will be recorded, except closed sessions; these recordings are public record. •Phone numbers of call-in attendees may be visible to other meeting attendees, or in meeting recordings. •Phone numbers of voicemail commenters may be visible in the public record along with transcripts.

Please contact City Clerk Erica Inderlied at [email protected] with questions.

Council Agenda 4-2-2024

Pismo Beach City Council Agenda April 2, 2024

Regular Joint Meeting—5:30 p.m.

Council Chamber, City Hall, 760 Mattie Road, Pismo Beach, CA 93449 CALL TO ORDER: Mayor Waage

1.ROLL CALL:

City Council:

Mayor: Waage
Mayor Pro Tem: Reiss
Council Members: Guthrie, Inman, Newton
Public Financing Authority Board:

Chair: Waage
Vice-Chair: Reiss
Board Members: Guthrie, Inman, Newton

2.PLEDGE OF ALLEGIANCE

3.ACCEPTANCE OF AGENDA

4.PRESENTATIONS
Item 4.A: Proclamation: Month of the Child (Early Care in Education Planning Council of San Luis Obispo)
Item 4.B: Presentation: Introduction of New Employees
•Cindy Jacinth, Planning Manager (Graham)
•Brianna Whisenhunt, Administrative Secretary (Graham)
•Joe Andrade, Police Officer (Smith)
•Malia Hunsicker, Police Records Technician (Smith)
•Richard Blessing, Wastewater Plant Operator (Fine)
•Daniel Contreras, Capital Projects Manager (Fine)
•Emma Neath, Recreation Coordinator (Jackson)
•Lindsey Overstreet, Recreation Coordinator (Jackson)
•Anita Price, Recreation Coordinator (Jackson)
Item 4.C: Presentation: Recognition of Outgoing Advisory Body Members (Waage) •Charley Allcock: Parks, Recreation, and Beautification Commission •Sharyl Naftal: Conference and Visitors Bureau Board / LBID Advisory Board and Special Events Committee
•Emma Neath: Special Events Committee
•Mark Roemer: Conference and Visitors Bureau Board / LBID Advisory Board
•Eduardo Salame: Parking Advisory Committee
•Shauna Wills: Planning Commission
Council Agenda 4-2-2024

Pismo Beach City Council Agenda April 2, 2024

5.PUBLIC COMMENT PERIOD
At this time, members of the public may comment on any item NOT appearing on the agenda. For items appearing on the agenda, including the Consent Calendar, the public will be invited to make comments during Council consideration of the item. In accordance with state law, matters raised as part of this comment period cannot be discussed or acted upon by the City Council at this time.

However, in response to a matter raised as part of this comment period, the Council may, during Item 13, City Council Comments and Requests, direct staff to assist a speaker, or schedule the matter for consideration on a future agenda.

Please adhere to the following procedures when addressing the Council:
•Please limit your comments to 3 minutes or less.
•Unduly disruptive behavior will not be permitted.

Documents submitted to the Council become public record unless otherwise exempt from disclosure.

6.CITY MANAGER’S REPORT - No action to be taken

7.CITY ATTORNEY’S REPORT / CLOSED SESSION REPORT - No action to be taken

8.COUNCIL COMMITTEE REPORTS

1.Air Pollution Control District, SLO County (Newton/Reiss)

2.California Joint Powers Insurance Authority (Reiss)

3.CAPSLO (Reiss)

4.Central Coast Blue Regional Recycled Water Authority (Waage)

5.Central Coast Community Energy Policy Board (Mayor)

6.Chapman Estate Foundation (Liaison) (Reiss)

7.Coastal Cities Group, League of CA Cities (Waage)

8.Conference and Visitors Bureau / LBID Board (Liaison) (Inman)

9.Friends of Price House Liaison (Waage)

10. Hazard Mitigation & Fire Safety (Inman/Waage)

11. Homeless Services Oversight Council (Guthrie/Reiss)

12. Integrated Waste Management Authority (Newton/Inman)

13. Mobile Home Rent Stabilization Subcommittee (Inman/Reiss)

14. REACH (Newton)

15. Regional Transit Authority, SLO (Waage/Reiss)

16. Shell Beach Improvement Group Liaison (Inman)

17. SLOCOG (Waage/Reiss)

18. South County Chambers Gov’t Affairs (Guthrie/Inman)

19. Visit SLO CAL Advisory Committee (Inman)

20. Water Resources Advisory Committee, SLO (Guthrie/Inman)

21. Zone 3 Water Advisory Committee, SLO (Guthrie/Inman) (Govt Code Section 53232.3)

9.CONSENT CALENDAR
All Consent Calendar items will be acted upon by a single action of the City Council unless otherwise requested by an individual Council Member for separate consideration. Public comment on Consent Calendar items will be invited prior to action on the Calendar.

Item 9.A: Adoption of Meeting Minutes (Inderlied)
Recommendation:

Adopt Minutes of the March 19, 2024 Regular Meeting.

Item 9.B: Payroll Register and Register of Demands (Feeser) Recommendation:

1.Approve the Summary of Payroll Register for March 10, 2024;

2.Approve the Register of Demands for March 8, 2024 and March 15, 2024.

Item 9.C: Monthly Investment Transaction Report of the City’s Cash and Investments for February 2024 of Fiscal Year 2024 (Feeser) Recommendation:

No action recommended; for information only.

Council Agenda 4-2-2024

Pismo Beach City Council Agenda April 2, 2024

Item 9.D: Annual Election of Officers; Pismo Beach Public Financing Authority (Feeser)
Recommendation:

Adopt a Resolution of the Board of Directors of the Pismo Beach Public Financing Authority conducting the annual election of officers.

Item 9.E: Update on January 9, 2023 and January 12, 2017 Emergency Proclamations (Inderlied)
Recommendation:

No action recommended; for information only.

Item 9.F: Annual Report for Fiscal Year 2025 from the Pismo Beach Conference and Visitors Bureau / Lodging Business Improvement District (LBID) Advisory Board; Declaration of the City Council’s Intention to Levy an Annual Assessment for the LBID for FY 2025 (Feeser)
Recommendation:

Adopt a Resolution approving the Annual Report for Fiscal Year 2025 from the Pismo Beach Conference and Visitors Bureau / Lodging Business Improvement District (LBID) Advisory Board, declaring the City Council’s intention to levy an annual assessment for the LBID for FY 2025, and directing the City Clerk to schedule a public hearing for April 16, 2024, to consider levying the assessment.

Item 9.G: California Public Employees’ Retirement System (CalPERS) Additional Payment of $1.0 Million to Reduce the City’s Unfunded Pension Liability (Feeser)
Recommendation:

Adopt a Resolution appropriating $1.0 million from the General Fund unassigned fund balance to provide additional discretionary payments of $500,000 to each of the City’s CalPERS Miscellaneous and Safety Police Tier 1 plans to reduce the City’s unfunded pension liability in Fiscal Year 2024.

10.ITEMS PULLED FROM CONSENT CALENDAR

11.PUBLIC HEARINGS - No earlier than 6:00 p.m.

None.

12.BUSINESS ITEMS - May be reordered and heard prior to Public Hearings Item 12.A: Police Department Semi-Annual Update (Smith) Recommendation:

Receive the Police Department Semi-Annual Update.

Council Agenda 4-2-2024

Pismo Beach City Council Agenda April 2, 2024

13.CITY COUNCIL COMMENTS AND REQUESTS - No action to be taken

14.ADJOURNMENT
To the following meeting(s). Special and Closed Session times may be subject to change, as noticed. Meetings will be held in a hybrid in-person / virtual format unless otherwise noted:

Meeting Time Date Location
Regular Meeting 5:30 p.m. Tuesday, April 16, 2024 Council Chamber, City Hall Regular Council meetings will adjourn by 11:00 p.m. unless four-fifths of the Council votes to continue past that time. If the meeting is adjourned at 11:00 p.m., any remaining agenda items will be continued to the next regular meeting (R-97-04).

AFFIDAVIT OF POSTING
I, Erica Inderlied, City Clerk for the City of Pismo Beach, declare under penalty of perjury that the foregoing agenda for the April 2, 2024 meeting(s) of the Pismo Beach City Council was posted on March 28, 2024, at City Hall, located at 760 Mattie Road, Pismo Beach, CA, as well as on the City’s website.

Erica Inderlied, City Clerk
Meeting Schedule: The City Council of Pismo Beach regularly meets on the first and third Tuesdays of each month at 5:30 p.m., unless otherwise noticed. Closed and Special sessions will be duly noticed as needed.

Council Agendas: Agendas for Regular Meetings are available for public review on the City’s website at pismobeach.org/agenda and upon request from the City Clerk’s Office, typically by 4:00 p.m. on the Thursday prior to the meeting, but no later than 72 hours prior to the meeting. Agendas for Closed Sessions and other Special meetings are made available at least 72 hours prior to the meeting when possible, but no later than 24 hours prior to the meeting.

Related Materials: All materials submitted to the Council relating to items on this agenda are open for public inspection unless otherwise exempt by law. Staff reports and attachments published as part of this agenda packet, as well as copies of correspondence received relating to these agenda items and materials distributed at the meeting, may be obtained 1) in the consolidated online Agenda Center at pismobeach.org/agenda, 2) in the Access Pismo public records portal at pismobeach.org/accesspismo, 3) by request from the City Clerk at [email protected], or 4) in person at the City Clerk's Office, City Hall, 760 Mattie Road, Pismo Beach, Mon–-Fri 8:00 a.m.–-5:00 p.m. Please call (805) 773-7003 with any questions.

Broadcasting: Regular (televised) City Council meetings are available for viewing 24/7 at pismobeach.org/agenda, broadcast live on Channel 20, and re-broadcast during the week following the meeting on Channel 20 at 9:00 a.m., 6:00 p.m., and 1:00 a.m. each day.

Use of Equipment: Please contact the City Clerk’s Office if requesting to use the chamber equipment during public comment or as part of a scheduled presentation, 24 hours prior to the meeting at (805) 773-7003.

Notice Regarding Americans with Disabilities Act
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting or if you need agenda documents provided in an alternative format, please contact the City Clerk’s Office at 773-7003 as soon as possible prior to the meeting to ensure that reasonable arrangements can be made (28CFR 35.102-

35.104 ADA Title II).

Council Agenda 4-2-2024

A PROCLAMATION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH, CALIFORNIA RECOGNIZING APRIL 2024 AS MONTH OF THE CHILD

AND CHILD ABUSE PREVENTION MONTH
WHEREAS, the City of Pismo Beach recognizes that every moment in a child's life is an opportunity for that child to learn, that the quality of these experiences may determine whether a child succeeds in school and in life, and that all children need caring and loving adults in their lives; and
WHEREAS, April—Month of the Child and Child Abuse Prevention Month—marks a time to recognize that our community’s children are precious assets, that the quality of their early years is our collective responsibility, and that we commit ourselves to ensuring that each and every child has access to a high-quality early environment—at home, at child care, at school and in the community—that will promote their optimal growth and development; and WHEREAS, in solidarity with the “We Are The Care Initiative,” we as a community of partners and leaders, envision a San Luis Obispo County where all families can find and afford quality care for their children, and where child care professionals are valued for their critical role in building a solid foundation for children and families to thrive in the world; and WHEREAS, Saturday, April 6, 2024, will commemorate “Day of the Child” at the Annual Children’s Day in the Plaza celebration from 10:00 a.m. to 3:00 p.m. in the San Luis Obispo Mission Plaza, this year’s celebration where children and families will have the opportunity to discover creativity, individuality, diversity while exploring community resources and peaking curiosity around Science, Technology, Engineering and Math; and WHEREAS, Friday, April 26, 2024, San Luis Obispo County will participate in the statewide raising of the Children’s Memorial Flag to honor and raise awareness about the many children in our midst who suffer daily from abuse and neglect, and pledge our support for strategies that strengthen families and protect our young ones as part of the national recognition of April as Child Abuse Prevention Month.

NOW, THEREFORE, the City Council of the City of Pismo Beach hereby proclaims April 2024 as the "Month of the Child” and “Child Abuse Prevention Month.” Dated this 2nd day of April, 2024
________________________
Ed Waage, Mayor
Council Agenda 3-19-2024 4.A-1

PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.A
Meeting Date: April 2, 2024
TITLE:

Adoption of Meeting Minutes
RECOMMENDATION:

Adopt Minutes of the March 19, 2024 Regular Meeting.

DISCUSSION:

Attached for the Council’s consideration are the draft minutes of the subject meetings for review and adoption.

FISCAL IMPACT:

There is no fiscal impact associated with the preparation or adoption of meeting minutes.

ATTACHMENTS:

1.Draft Minutes of the March 19, 2024 Regular Meeting.

Submitted by:

Erica Inderlied, City Clerk
City Manager Approval:

9.A-1Council Agenda 4-2-2024
Packet Page 1

DRAFT MINUTES
Pismo Beach City Council
Tuesday, March 19, 2024
Regular Meeting—5:30 p.m.

Council Chamber, City Hall, 760 Mattie Road, Pismo Beach, CA 93449 The City Council of the City of Pismo Beach met this date in a regular session with Mayor Waage presiding.

CALL TO ORDER: 5:30 p.m.

1.ROLL CALL:

Present: Absent:

Mayor Ed Waage None
Mayor Pro Tem Mary Ann Reiss
Council Member Marcia Guthrie
Council Member Stacy Inman
Council Member Scott Newton
Staff Present:

Nadia Feeser, Administrative Services Director
Scot Graham, Community Development Director
Benjamin Fine, Public Works Director/City Engineer
David Fleishman, City Attorney
Jorge Garcia, City Manager
Erica Inderlied, City Clerk
Gordon Jackson, Director of Tourism and Events
Mike James, Assistant City Manager
Paul Lee, Battalion Chief
Jeff Smith, Chief of Police
Other staff present as noted below

2.PLEDGE OF ALLEGIANCE
Council Member Inman led the Pledge of Allegiance.

3.ACCEPTANCE OF AGENDA
No requests to reorder the agenda.

9.A-2Council Agenda 4-2-2024
Attachment 1
Packet Page 2

4.PRESENTATIONS
None.

5.PUBLIC COMMENT PERIOD
Call for public comment: No comment.

6.CITY MANAGER’S REPORT
City Manager Garcia commented on various topics.

7.CITY ATTORNEY’S REPORT / CLOSED SESSION REPORT
City Attorney Fleishman had nothing to report.

8.COUNCIL COMMITTEE REPORTS
The Council reported on recent and upcoming meetings of various external bodies:

Council Member Inman:

Pismo Beach Conference and Visitors Bureau (CVB) Board / Lodging Business Improvement District (LBID) Advisory Board.

Council Member Newton:

San Luis Obispo County Integrated Waste Management Authority (IWMA) Board.

Mayor Waage:

Central Coast Blue Regional Recycled Water Authority.

9.CONSENT CALENDAR
Call for public comment: No comment.

Action: Adopt Consent Calendar.

Motion: Guthrie
Second: Newton
Vote: The motion passed on the following vote (Items 9.A through 9.D):

Ayes: 5 Guthrie, Newton, Inman, Reiss, Waage
Noes: 0

Absent: 0
Abstain: 0
Recused: 0

9.A-3Council Agenda 4-2-2024
Attachment 1
Packet Page 3

Item 9.A: Adoption of Meeting Minutes (Inderlied)

Recommendation:

Adopt Minutes of the March 5, 2024 Regular Meeting.

Item 9.B: Payroll Register and Register of Demands (Feeser)

Recommendation:

1. Approve the Summary of Payroll Register for February 25, 2024;

2. Approve the Register of Demands for February 16, 2024, February 23, 2024 and March 1, 2024.

Item 9.C: 2023 General Plan Annual Progress Report for the Existing Adopted General Plan (Graham)

Recommendation:

1. Review and accept the 2023 General Plan Annual Progress Report;

2. Direct staff to forward the report to the Governor’s Office of Planning and Research and the Department of Housing and Community Development.

Item 9.D: Purchase of Two Vehicles for the Police Department (Fine)

Recommendation:

Adopt a Resolution authorizing the purchase of two replacement vehicles for the Police Department in an amount not to exceed the revised budget for each vehicle, and appropriating related budget adjustments.

Legislative Record: Resolution R-2024-016 adopted.

10. ITEMS PULLED FROM CONSENT

None.

11. PUBLIC HEARINGS

None.

9.A-4Council Agenda 4-2-2024
Attachment 1
Packet Page 4

12. BUSINESS ITEMS

Item 12.A: SLOCOG Presentation on Countywide Self-Help Measure and Draft Transportation Investment Plan (Garcia)

Recommendation:

Receive a presentation by SLOCOG staff regarding a potential Countywide Self-Help Sales Tax Measure, Draft Transportation Investment Plan, and provide comments if desired.

Guest presenters:

James Worthley, San Luis Obispo Council of Governments

Supplemental material submitted into the record.

Call for public comment: No comment.

Action: No action.

Item 12.B: Shell Beach Road Multi-Use Path Extension Project Report Equivalent (Fine)

Recommendation:

1. Adopt a Resolution approving the Project Report Equivalent for the Shell Beach Road Multi-Use Path Extension Project.

2. Provide staff with direction on how to proceed with the design and funding plan for the Shell Beach Road Multi-Use Path.

Presenting staff:

Jorge Garcia, City Manager

Guest presenters:

Stephen Hanamaikai, San Luis Obispo Council of Governments Jorge Aguilar, Wallace Group

Supplemental material submitted into the record.

Call for public comment: No comment.

Action: Adopt a Resolution approving the Project Report Equivalent for the Shell Beach Road Multi-Use Path Extension Project.

Motion: Reiss
Second: Inman

9.A-5Council Agenda 4-2-2024
Attachment 1
Packet Page 5

Vote: The motion passed on the following vote:

Ayes: 5 Reiss, Inman, Guthrie, Newton, Waage
Noes: 0

Absent: 0
Abstain: 0
Recused: 0
Legislative Record: Resolution R-2024-017 adopted.

Item 12.C: Authorization to Proceed with Financing for the Public Safety Facility Project; Declaration of Intention to Reimburse Certain Expenditures from the Proceeds of Tax-exempt Obligations (Feeser)
Recommendation:

Adopt a Resolution authorizing commencement of proceedings in connection with the financing of design and construction of a new Public Safety Facility; and declaring its intention to reimburse certain expenditures from the proceeds of tax-exempt obligations and directing certain actions with respect thereto as required by United States Department of Treasury regulations section 1.150-2.

Presenting staff:

Nadia Feeser, Administrative Services Director
Jorge Garcia, City Manager
Call for public comment: No comment.

Action: Adopt a Resolution authorizing commencement of proceedings in connection with the financing of design and construction of a new Public Safety Facility; and declaring its intention to reimburse certain expenditures from the proceeds of tax-exempt obligations and directing certain actions with respect thereto as required by United States Department of Treasury regulations section 1.150-2.

Motion: Reiss
Second: Inman
Vote: The motion passed on the following vote:

Ayes: 5 Reiss, Inman, Guthrie, Newton, Waage
Noes: 0

Absent: 0
Abstain: 0
Recused: 0
Legislative Record: Resolution R-2024-018 adopted.

9.A-6Council Agenda 4-2-2024
Attachment 1
Packet Page 6

Item 12.D: Award of Contract to Olympus and Associates, Inc. for the Toucan Terrace Pipeline Recoating Project (Fine)
Recommendation:

Adopt a Resolution authorizing the City Manager to execute a contract with Olympus and Associates, Inc. for construction of the Toucan Terrace Pipeline Recoating Project in the amount of $163,000.

Presenting staff:

Benjamin Fine, Public Works Director/City Engineer
Jorge Garcia, City Manager
Call for public comment: No comment.

Action: Adopt a Resolution authorizing the City Manager to execute a contract with Olympus and Associates, Inc. for construction of the Toucan Terrace Pipeline Recoating Project in the amount of $163,000.

Motion: Newton
Second: Reiss
Vote: The motion passed on the following vote:

Ayes: 5 Newton, Reiss, Guthrie, Inman, Waage
Noes: 0

Absent: 0
Abstain: 0
Recused: 0
Legislative Record: Resolution R-2024-019 adopted.

13.CITY COUNCIL COMMENTS AND REQUESTS
The Council commended Water Division staff for their proactive efforts in reducing water loss from fire hydrants hit by vehicles.

14.ADJOURNMENT
At 6:37 p.m.

APPROVED: ATTEST:
________________________________ ________________________________ Ed Waage, Mayor Erica Inderlied, City Clerk

9.A-7Council Agenda 4-2-2024
Attachment 1
Packet Page 7

PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.B
Meeting Date: April 2, 2024
TITLE:

Payroll Register and Register of Demands
RECOMMENDATION:

1. Approve the Summary of Payroll Register for March 10, 2024;

2. Approve the Register of Demands for March 8, 2024 and March 15, 2024.

DISCUSSION:

Attached are the Summary of Payroll Register(s) and Register(s) of Demands (Check Registers) noted above, provided for Council approval.

FISCAL IMPACT:

As demonstrated in the attached payroll and check registers.

ATTACHMENTS:

1.Payroll Summary

2. Registers of Demands
Submitted by: Nadia Feeser, Administrative Services Director/City Treasurer City Manager Approval:

Council Agenda 4-2-2024 9.B-1
Packet Page 8

FOR PERIOD ENDING 03/10/24
CHECKS DATED 03/15/24
PAYROLL CHECKS AND DIRECT DEPOSIT TRANSACTIONS
Checks 557066‐557067 2
ACH 126

EARNINGS
REGULAR 374,157.15
HOLIDAY 5,420.33
OVERTIME (Includes Comp Time Payouts)18,170.40
Administration
Building
Conference & Visitors Bureau
Police Department 14,211.00
Parking
Engineering
Fire
Recreation
Public Works 291.87
Water 1,487.91
Wastewater 2,179.62
Motor Vehicles
Subtotal‐Overtime 18,170.40$
SALARY ADJUSTMENTS
TRAINING / UNIFORM ALLOWANCE 54.00
OTHER EARNINGS 18,332.25
$416,134.13
LESS AUTHORIZED PAYROLL DEDUCTIONS
FEDERAL WITHHOLDING TAX 39,149.48
FICA & MEDICARE 32,320.32
STATE INCOME TAX 14,740.06
STATE DISABILITY INSURANCE 4,442.39
GARNISHMENTS 529.99
HEALTH 4,092.86
SUPPLEMENTAL DISABILITY 1,509.23
SECTION 125 2,176.56
PERS 35,961.08
DEFERRED COMPENSATION 13,680.56
ADDITIONAL LIFE INSURANCE 390.80
UNION DUES 2,416.06
PISMO ATHLETIC CLUB 426.50
OTHER
NET PAYROLL $264,298.24
DIRECT DEPOSIT DEDUCTION 262,554.70
NET PAYROLL AFTER ACH DEPOSIT 1,743.54
SUMMARY PAYROLL REGISTER
Council Agenda 4-2-2024 9.B-2
Attachment 1
Packet Page 9

City of Pismo Beach
Final Disbursement List Check Date 03/08/2024
US BANK
ACH/ Vendor Check
Check# Number Payee Amount Description
128935 14743 Adlerhorst International LLC 135.00$ K9 Taro Leash & Grooming 128936 12275 Airgas West Inc 44.28 Oxygen ‐ Fire ‐ Feb 2024 128937 11382 Applied Technology Group, Inc.24,457.00 City Hall EOC Antenna System 128938 12623 AT&T 9391012188 4,051.31 Phone Bill 01/10/2024 ‐ 02/09/2024 128939 14036 Big Wakoo Fence, Inc.3,050.00 330 Main ‐ Handrails 128940 UB*01070 ELAINE KASTNER BLAKE ARCHIBALD (T)99.29 Refund Check 018880‐000, 117  PALOMAR #C 128941 14119 Boone Printing & Graphics, Inc.133.44 Business Cards 128942 11392 Brenntag Pacific Inc.1,658.28 Sodium Bisulfite 128943 14717 Brummel, Myrick and Associates 725.00 Server Room Analysis ‐ Jan 2024 128944 13559 California Association of Code Enforcement Officers
600.00 CACEO Online Training
128945 13852 California Diesel & RV LLC 321.71 Fire Truck Maintenance 128946 13065 California State Lands Commission 140.00 Annual Rent 4/20/24 ‐ 4/19/25 Per Lease Agrmt # 6674 128947 14571 Central Coast Blue Regional Recycled Water Auth.21,801.00 JPA Central Coast Blue O&M Mid‐Year Budget Adjustment 128948 12273 Coastal Demo Inc 1,250.00 Demo Concrete at City Hall for Emergency Services Relocation 128949 11227 Cole Chrysler Dodge 73.95 Vehicle Maintenance 128950 11986 Culligan/Central Coast Water 216.00 Car Wash Filtration & Service 2/5/24 128951 14313 Culligan/Santa Maria 268.37 Drinking Water Feb 2024 128952 14782 David E. Sones, M.D., A Medical Corporation 425.00 CalPERS 1010 Form 128953 12628 Dell Marketing LP 1,128.84 Computer Accessories 128954 14519 Matthew Downs 376.00 M&IE: K9 School 3/17‐3/22/24 128955 13401 Rebecca Forcier 952.02 Reimb: Flight 3/18 ‐ 3/23/24 & Per Diem: M&IE 3/18 ‐3/23/24 128956 14506 Foster & Foster Consulting Actuaries, Inc.2,500.00 GASB 75 Accounting Report FY 23 128957 13669 Frontal Security Services of California 175.00 Security: PBVH Event 2/25/24 128958 10797 Geosolutions, Inc.269.38 Compaction Test ‐ 330 Main 128959 12030 Grainger, Inc.1,965.23 Shelving for Fire Relocation Project 128960 12235 Granicus, LLC 4,005.90 Legislative Meeting Web Streaming 01/28/24 ‐ 04/27/24 128961 12952 GSI Water Solutions Inc 6,541.13 NCMA Annual Report ‐ Jan 2024 128962 14246 Hunter Smith Architecture 1,422.50 Chapman Sewer ‐ Jan/Feb 2024 128963 12255 Iron Mountain Information Mgmt, Inc 190.46 Shredding Services City Hall ‐ 01/24/2024 ‐ 02/20/2024 128964 11828 Gordon Jackson 278.00 M&IE: Outlook Forum 3/9‐3/13/24 128965 UB*01073 JEFF & STEPHANIE JEWETT (T)24.62 Refund Check 017966‐000, 135  CUYAMA 128966 11833 Keylock Security Specialists 167.78 Facilities Maintenance 128967 10175 Life‐Assist, Inc.143.10 Medical Supplies
128968 13416 Phoenix Resolutions, Inc Mail Plus 1,010.16 Postage 128969 14042 Merjan Enterprises, Inc.14,510.50 Access Control (AMAG) Active Directory 128970 10097 Miners Hardware 691.61 Maintenance Supplies 128971 UB*01074 NATIVITY OF OUR LADY CATHOLIC CHURCH (T)44.62 Refund Check 018510‐000, 259  MONTECITO 128972 12199 Noble Saw, Inc 221.42 Equipment Maintenance 128973 14343 ODP Business Solutions, LLC 72.63 Office Supplies 128974 13862 Ami Ortloff 300.00 Clam Painting: Clam Island/Mermaid 128975 11202 Pavement Engineering, Inc.12,506.25 Paving Project ESDC ‐ Jan 2024 128976 12070 Michelle Pearson 388.81 M&IE: AFSS Quarterly Meeting 3/13/24‐3/14/24 128977 11220 People's Self‐Help Housing Corporation 1,349.00 Refund: Overpayment on Permit B21‐000010 128978 14550 Phillco 109.90 Soft Water
128979 12335 Procare Janitorial Supply Inc 776.15 Janitorial Supplies 128980 12613 Quinn Company 161,086.25 Compact Track Loader 128981 UB*01075 CAMERON RIGBY (T)117.27 Refund Check 017493‐000, 118  PALISADE #A 128982 13051 Micki Salazar 540.00 M&IE: Outlook Forum 3/10‐3/13/24 128983 12108 Santa Maria Tire, Inc.877.56 Vehicle Maintenance 128984 13994 SBRK Finance Holdings, Inc.589.50 CivicPay IVR Transaction Fees Feb 2024 128985 14738 SCA OF CA, LLC 13,662.62 Street Sweeping Services ‐ December 2023 128986 14557 Securitas Technology Corporation 32.80 Monthly Maintenance & Monitoring ‐ Chapman Estate March 2024 128987 UB*01076 BENJAMIN MORGON SHERI VERMINSKI (T)21.13 Refund Check 017963‐000, 1972  COSTA DEL SOL 128988 14757 Quincy Storm 300.00 Flyer Designs
128989 UB*01072 MICHAEL & JANETTA STOW (T)67.99 Refund Check 019024‐000, 2113  BARCELONA 128990 12461 TJA Advertising 173,812.45 CVB & LBID Advertising & Promotion Services: Jan 2024 128991 14746 Trojan Petroleum, Inc.103.55 Unleaded Fuel Deliveries 1/18/24 Additional Sales Tax 128992 12132 White Flag Pest Control Inc 490.00 Pest Control 128993 UB*01071 YVONNE MEEKS TRUST 144.21 Refund Check 014167‐000, 122  HERMOSA 128994 12897 Zero Waste USA 861.89 Mutt Mitt Dispensers 128995 12074 Zoll Medical Corporation 405.18 Medical Supplies Council Agenda 4-2-2024 9.B-3
Attachment 2
Packet Page 10

City of Pismo Beach
Final Disbursement List Check Date 03/08/2024
US BANK
ACH/ Vendor Check
Check# Number Payee Amount Description
Total: 464,683.04$
Council Agenda 4-2-2024 9.B-4
Attachment 2
Packet Page 11

City of Pismo Beach
Final Disbursement List Check Date 03/15/2024
US BANK
ACH/ Vendor Check
Check# Number Payee Amount Description
ACH 10002 Internal Revenue Service 103,790.12$           Federal Income Tax PD 03/15/24 ACH 11208 SEIU Local 620 AFL/CIO 921.18 SEIU Dues PD 03/15/2024 ACH 11224 Richards, Watson, Gershon Attorneys At Law 57,458.03 Professional Legal Services ‐ Jan 2024 ACH 11305 Public Employees Retirement System 76,198.16 PERS Retirement from Springbrook EE & ER PD 03/15/24 ACH 12211 CA. Public Emp Retirement Sys 112,555.07 Medical Insurance ‐ March 2024 ACH 12260 dba: Mission Square ICMA Retirement Trust ‐ 457 26,520.60 ICMA 457 Deferred Comp EE& ER PD 03/15/24 ACH 12305 Franchise Tax Board 19,143.36 State Income Tax & SDI ‐ PD 03/15/24 ACH 12360 CalPERS 457 Plan 416.67 PERS 457 Deferred Comp EE & ER PD 03/15/24 ACH 12708 dba: Mission Square ICMA Retirement Trust‐Roth IRA
725.00 ICMA Roth IRA PD 03/15/24
ACH 12944 Leaf 1,322.25 Monthly Copier Lease ‐ Mar 2024 ACH 13455 Wex 570.00 Fuel for City Vehicles 02/07/24 ‐ 03/06/24 128997 10434 Abalone Coast Analytical Inc 432.00 Water Analysis 128998 10695 AFLAC 3,108.22 Supplemental Disability Insurance ‐ February 2024 128999 14540 Greg Alex 600.00 PC Meeting Attendance Stipend Q2‐Q4 2023 129000 14302 Donald C. Allcock 25.00 PRBC Meeting Stipend Q4 2023 129001 UB*01078 LUKE SUNDQUIST AMANDA MARSH (T)71.76 Refund Check 018747‐000, 901  FRESNO 129002 11365 American Legal Publishing Corporation 105.72 Ordinance Codification 129003 12624 AT&T 9391012187 8,804.42 PSF Internet ‐ 02/10/2024 ‐ 03/09/2024 129004 12623 AT&T 9391012188 5,492.48 Phone Bill 02/10/2024 ‐ 03/09/2024 129005 13278 AT&T 9391059148 1,933.81 Phone Bill ‐ 02/10/2024 ‐ 03/09/2024 129006 12625 AT&T 9391083592 2,565.97 PD Migration Internet ‐ 01/01/2024 ‐ 02/29/2024 129007 11589 Austin's Wet Pets and Pond Maintenance, Inc 140.00 Chapman Pond Maintenance ‐ February 2024 129008 10888 Bound Tree Medical LLC 506.95 Medical Supplies 129009 11392 Brenntag Pacific Inc.3,098.36 Sodium Bisulfite 129010 13591 Ryan Bullock 212.25 Reimb: Small Water Systems Operations & Maintenance Course 129011 10074 Burdine Printing 2,983.43 Spring 2024 Clam Chronicle Printing & Mailing 129012 14766 C&M Western, Inc 288.15 Safety Boots FY 2024 129013 10110 California Law Enforcement Association of Records 20.00 Reg: CCPOR Training 12/14/23 129014 14414 California State Disbursement Unit 461.53 Tax Withholding Order PD 03/15/24 129015 14771 California State Disbursement Unit 18.46 Tax Withholding Order #2 PD 03/15/24 129016 11451 Channel Islands Technology Integrators' Group 5,601.04 IT Professional Services: ATT Fiber Testing & Remote Support & Watchguard Upload & Account Setup & Inventory
129017 12273 Coastal Demo Inc 370.00 Core Drill Holes in Concrete at Palisades Park 129018 12516 County of San Luis Obispo Health Agency 10,412.50 Animal Shelter Services Q3 FY 23‐24 129019 14202 Crisp Imaging 135.38 Office Supplies
129020 14313 Culligan/Santa Maria 380.50 Drinking Water Feb 2024 129021 12628 Dell Marketing LP 3,486.07 Computer Accessories 129022 12224 Delta Dental Of California 6,626.26 Dental Premiums ‐ March 2024 129023 14217 Deltina Coffee Roasters 62.50 Coffee
129024 13675 Michael Drew Devine 25.00 PRBC Meeting Stipend Q4 2023 129025 14519 Matthew Downs 376.00 M&IE: K9 School 3/24‐3/29/24 129026 14519 Matthew Downs 64.00 M&IE: K9 Dog Selection 3/8/24 Replacement 129027 13147 Engie Services U.S. Inc 38,370.05 Year 5 MV Fees (2024) & Annual Maintenance Fee Jan 2024‐Dec 2024 129028 13586 Famcon Pipe & Supply Inc.242.44 Distribution Maintenance 129029 12123 Farm Supply 43.09 Maintenance Supplies
129030 10191 Nadia Feeser 518.72 M&IE: CSMFO 1/31‐2/2/24 129031 11868 FGL Environmental 575.00 Misc. Analysis & Sub Contractor Analysis 129032 13846 Franchise Tax Board‐Tax Withholding‐2 50.00 Tax Withholding Order PD 03/15/24 129033 12554 Gov Connection, Inc.60.00 Adobe Subscription 129034 10806 Hach Company 461.17 Lab Supplies
129035 14043 Health & Human Resource Center, Inc.159.80 Employee EAP Capitation ‐ April 2024 129036 14481 HPS West, Inc 1,824.00 Water Meters
129037 14246 Hunter Smith Architecture 11,200.50 Chapman ADA Restroom ‐ CM 129038 UB*01077 J.C BALDWIN CONSTRUCTION 225.54 Refund Check 018990‐000, 2575  PRICE 129039 13926 Jack Handley Construction Services 27,930.10 PB Vets Hall Roof Leak Investigation & City Hall Doors ‐ Jan 2024 129040 14125 Natalie Lancor 300.00 Clam Painting: Dolliver/Jellyfish 3/3/24 129041 12668 Rachelle Lapan 350.00 M&IE: CAPE Conference 3/24‐3/29/24 129042 14784 Sean Martin 643.00 Reimb: Filing Fees & Costs 129043 14042 Merjan Enterprises, Inc.46,747.47 Intersection Camera Installation & Parts for Other Locations & Camera System Repairs & St. Jude Tunnel Changes
129044 10097 Miners Hardware 1,392.06 Maintenance Supplies 129045 14405 Mission Linen Supply 2,437.58 Uniforms/Mats/Towels Feb 2024 129046 11172 Mullahey Ford 1,283.15 Vehicle Maintenance 129047 11119 Sandra Nielsen 25.00 PRBC Meeting Stipend Q4 2023 129048 14343 ODP Business Solutions, LLC 106.47 Office & Kitchen Supplies 129049 12315 Pacific Gas & Electric Company 5,697.36 Electricity 02/05/24‐03/07/24 Council Agenda 4-2-2024 9.B-5
Attachment 2
Packet Page 12

City of Pismo Beach
Final Disbursement List Check Date 03/15/2024
US BANK
ACH/ Vendor Check
Check# Number Payee Amount Description
129050 11337 Perry's Electric Motor & Controls, Inc.5,948.78 Motor Repair & Baldor Motor Repair 129051 10633 Pismo Beach Athletic Club Inc 755.00 PBAC Dues March 2024 129052 12022 Pismo Beach Police Officer's Association 1,494.88 POA Dues PD 03/15/24 129053 12453 Polydyne, Inc.4,232.36 Polymer Tote
129054 14079 Clare Malone Prichard 600.00 Planning Commission Meeting Stipends Q2‐Q4 2023 129055 12335 Procare Janitorial Supply Inc 1,275.34 Janitorial Supplies 129056 13201 Rincon Consultants, Inc.4,928.50 Central Coast Blue ‐ Jan 2024 129057 10904 Ron Rodriguez 25.00 PRBC Meeting Stipend Q4 2023 129058 11796 San Luis Powerhouse, Inc.1,478.52 Generator Service Collections 129059 14786 Scangarello Ventures, Inc.1,010.16 Postage 129060 14557 Securitas Technology Corporation 4,706.94 Chapman Estate Security System 129061 10913 Siteone Landscape Supply LLC 92.16 Maintenance Supplies 129062 12570 SLO Roasted Coffee 91.37 Coffee
129063 12223 Smardan‐Hatcher 407.37 City Hall Water Heater 129064 14099 Jeffrey Smith 92.00 M&IE: CPCA BOD Mtg 2/29‐3/1/24 129065 13097 The Standard 1,449.68 Life & Additional Life Insurance Premium 129066 12991 TransUnion Risk and Alternative 150.00 Investigative Services ‐ 2/1/24‐2/29/24 129067 11165 Tri County Office Furniture 9,032.30 Engineering & Suite A‐1 Furniture 129068 12621 UPS 62.87 Evidence Shipping
129069 14095 Reed Van Rozeboom 600.00 Planning Commission Meeting Stipends Q2‐Q4 2023 129070 14034 Vital Records Holdings, LLC 182.83 Document Storage March 2024 129071 13073 VSP‐ Vision Service Plan (CA)1,590.74 VSP Vision Coverage 129072 12132 White Flag Pest Control Inc 421.00 Pest Control 129073 14273 Shauna Wills 400.00 Planning Commission Meeting Stipends Q2‐Q4 2023 Total:639,698.50$
Council Agenda 4-2-2024 9.B-6
Attachment 2
Packet Page 13

PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
Meeting Date: April 2, 2024
TITLE:

Monthly Investment Transaction Report of the City’s Cash and Investments for February 2024 of Fiscal Year 2024
RECOMMENDATION:

No action recommended; for information only.

DISCUSSION:

This report updates the City Council on the City of Pismo Beach’s monthly transactions of the City’s investment portfolio for the month ending February 29, 2024. California State Government Code Section 53607 states that if the authority of the legislative body to invest or reinvest funds for the City is delegated to the City Treasurer, the City Treasurer shall make a monthly report of those transactions to the legislative body.

The attached report includes all transactions of the City’s investments managed by the City, including funds invested in various securities and the City’s pooled funds invested in various financial instruments.
•Attachment 1 provides a summary of the City’s cash, investments, and monthly interest earnings based on book value as of February 29, 2024. •Attachment 2 provides details on the investment transactions for the General Fund Reserve and City Pooled Funds A (for deferred capital projects), including: purchases or deposits; sales, maturities, calls or withdrawals; and interest earnings. •Attachment 3 provides details of the monthly transactions by fund for City Pooled Funds B (for current year expenditures) for the month ending February 29, 2024.

FISCAL IMPACT:

No fiscal impact from the report itself—information only.

ATTACHMENTS:

1.Summary Table for ALL Funds, including Book Values and Earnings Data for Investments in Other Financial Instruments

2.For the General Fund Reserve and City Pooled Funds A—Transactions on Investments in Securities

3.For City Pooled Funds B—Summary of monthly transactions by fund Prepared by: Vanessa Garris, Finance Manager
Submitted by: Nadia Feeser, Administrative Service Director / City Treasurer City Manager Approval:

Council Agenda 4-2-2024 9.C-1
Packet Page 14

City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned February
2024
Actual Year-to-
Date Interest
Earned Ending
2/29/2024 * Data Sources
General Fund Reserves US Bank CDs/GASs/Corp/
Muni Bonds

2.08% avg 7,658,980 3,872$ 93,423$ 1 City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ Muni Bonds/
US Treasury Note

3.20% avg 40,379,939 53,091 848,501 1 Total All Securities 48,038,919$ 56,963$ 941,924$ City Pooled Funds - B US Bank Custody 0.00%-$ 800$ 7,418$ 1 City Pooled Funds - B Local Agency Invest.

Fund
State Investment
Pool

4.00%26,033,457 - 282,535 2
City Pooled Funds - B US Bank Checking 0.00%3,875,302 450 9,694 3 City Pooled Funds - B 29,908,759$ 1,249$ 299,647$ City Pooled Funds total A + B 70,288,698$ 54,340$ 1,148,148$ Funds Held with Fiscal
Agent
Bond funds:

Wilmington Trust
2017 Pier Project 584$ 2$ 591$ 4 Funds Held with Fiscal
Agent
Bond funds:

Wilmington Trust
2017 CREB's
Project
1,017 4 507 4 CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit
Trust Account
Various managed by
CalPERS
5,133,541$ -$ 307,739$ 5 TOTAL, Cash and Investments at February 29, 2024:83,082,820$ 58,219$ 1,550,409$ TOTAL for City Managed Portfolio, Cash and Investments:77,947,678$ 58,213$ 1,241,571$ Notes:
* Data Sources for Book Values and Actual Interest Earned:
1 = Monthly Customer Statement from US Bank
2 = Monthly statement from Local Agency Investment Fund 3 = Monthly reconciled bank statement from US Bank
4 = Monthly statement from Wilmington Trust
5 = Monthly statement from CalPERS Benefit Trust Account Attachment 1: Summary Table for All Funds,
including Book Values and Earnings Data for Investments in Other Financial Instruments Council Agenda 4-2-2024 9.C-2
Attachment 1
Packet Page 15

CITY OF PISMO BEACH
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
February 29, 2024

INVESTMENT ACTIVITY

PURCHASES OR DEPOSITS
02/01/24 Purchase Coastal1 Credit Union 245,000$
02/28/24 Purchase Alabama Credit Union 245,000
Total 490,000$

SALES, MATURITIES, CALLS OR WITHDRAWALS
No Activity -$
Total -$
ACTIVITY TOTAL 490,000$

INTEREST REVENUE

GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments 3,872$

POOLED INVESTMENTS
Interest Earned on Investments 53,091$
TOTAL INTEREST EARNED 56,963$
Data Source: Monthly Download of Transactions from US Bank Council Agenda 4-2-2024 9.C-3
Attachment 2
Packet Page 16

Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:2/29/2024 Bank Account Description Bank ID
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Checking US Bank 11,740,741$ 3,437,882$ (4,871,085)$ 57,763$ (6,490,000)$ 3,875,302$ LAIF LAIF 20,033,457 - - 6,000,000 - 26,033,457 Total all Bank Accounts 31,774,198$ 3,437,882$ (4,871,085)$ 6,057,763$ (6,490,000)$ 29,908,759$ Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Fund
General Fund 1001-10101 7,329,899 1,114,203 (2,012,008) - - 6,432,094 General Fund-Reserve 1001-10105 363,716 7,289 - - - 371,006 Half Cent Sales Tax Fund 1002 1,850,060 (66,515) - - - 1,783,546 Special Revenue Funds
Gas Tax Fund 2001 140,274 37,625 - - - 177,899 LTF - Streets 2002 225,927 45,801 - - - 271,729 PEG Access Fund 2003 85,788 9,068 - - - 94,855 Police Grant Fund 2004 165,819 3,356 - - - 169,175 Housing In Lieu Fund 2005 114,373 47 - - - 114,421 LBID Fund 2006 2,273,090 106,946 (79,547) - - 2,300,488 Chapman House 2007 84,146 4,094 (6,930) - - 81,311 Capital Projects Funds
Capital Projects Fund 3001 582,424 981,364 (966,361) - - 597,426 Public Facilities Fund 3002 891 - - - - 891 Park Development Fund 3003 302,573 (453) - - - 302,120 Circulation Fund 3101 531,596 (3) - - - 531,593 Development Impact Fee Fund 3102 61,915 961 - - - 62,876 Developer Impact Fee Fund 3103 169,601 - - - - 169,601 Underground Utility Fund 3201 16,767 - - - - 16,767 Council Agenda 4-2-2024 9.C-4
Attachment 3
Packet Page 17

Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:2/29/2024 Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
Debt Service Funds
Public Finance Authority Fund 4001 - - - - - - Public Finance Authority Fund 4002 - - - - - - Freeway Foothills AD Fund 4101 776 - - - - 776 Spyglass AD Fund 4102 12,915 - - - - 12,915 Indio-El Portal AD Fund 4112 750 - - - - 750 Visalia Street AD Fund 4113 4,423 392 - - - 4,816 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 3,856,292 503,129 (215,136) - - 4,144,285 Water Construction Fund 6103 847,233 6,188 (6,180) - - 847,242 Water Expansion Fund 6104 880,610 - - - - 880,610 Wastewater Enterprise Fund 6201 1,261,941 89,746 (926,564) - - 425,123 Wastewater Construction Fund 6202 1,421,316 241,166 (1,652) - - 1,660,830 Wastewater Expansion Fund 6203 2,017,444 - - - - 2,017,444 LTF - Transit Fund 6301 28,661 - - - - 28,661 Pier Operations Fund 6401 387 5,777 (5,759) - - 405 Parking Fund 6501 2,462,133 (439,093) (41,130) - - 1,981,910 Internal Service Funds
Technology Service Fund 7101 148,100 118,210 (136,030) - - 130,280 Motor Vehicle Fund 7201 3,098,307 114,651 (73,903) - - 3,139,056 Trust & Agency Funds
SLO County TMD 8201 115,730 85,907 (115,731) - - 85,907 Control Funds
Payroll Control Fund 9301 1,149,507 (264,322) 13,325 - - 898,510 Interest Control Fund 9302 1,245 450 - - - 1,694 Utility Billing Control Fund 9304 167,566 2,182 - - - 169,747 M/R Control Fund 9305 - - - - - - Total all cash funds 31,774,199 2,708,167 (4,573,606) - - 29,908,759 Council Agenda 4-2-2024 9.C-5
Attachment 3
Packet Page 18

Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:2/29/2024 Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance

INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 0 - - - - 0 General Fund - CD's 1001-10404 6,360,033 245,000 - - - 6,605,033 General Fund - Fed Agency 1001-10405 4,049,000 - - - - 4,049,000 GF - Half Cent Sales Tax CD's 1002-10404 735,000 - - - - 735,000 GF - Half Cent Sales Tax Fed Age1002-10405 500,000 - - - - 500,000 GF - Half Cent Sales Tax Mny Mkt1002-10108 0 - - - - 0 GF Reserve Money Mkt Cash 1001-10109 0 - - - - 0 GF Reserve - CD's 1001-10403 3,182,967 - - - - 3,182,967 GF Reserve - Fed Agency 1001-10402 2,208,000 - - - - 2,208,000 GF Reserve - Building 1001-10406 202,000 - - - - 202,000 GF Reserve - Building - Federal A1001-10146 298,000 - - - - 298,000 GF Reserve - Risk Mgmt - CD's 1001-10407 150,000 - - - - 150,000 GF Reserve - Risk Mgmt - Fed Ag1001-10140 50,000 - - - - 50,000 GF Corp Bond - Pooled 1001-10141 529,143 - - - - 529,143 GF Corp Bond - Reserve 1001-10145 500,000 - - - - 500,000 GF Municipal Bonds Pooled 1001-10142 897,022 - - - - 897,022 GF Municipal Bonds Reserve 1001-10143 1,018,013 - - - - 1,018,013 Risk Mgmt Muni Bonds Reserve 1001-10144 50,000 - - - - 50,000 Half Cent Sales Tax - Pooled 1002-10141 - - - - - - Half Cent Sales Tax - Muni Bond 1002-10142 - - - - - - GF CREB's Fiscal Agent 1001-10515 (0) - - - - (0) GF Treasury Note 1001-10410 10,961,122 - - - - 10,961,122 Special Revenue Funds
Housing In Lieu - Mny Mkt Csh 2005-10108 (0) - - - - (0) Housing In Lieu Fund 2005-10404 385,000 - - - - 385,000 Housing In-Lieu Fed Agencies 2005-10405 140,000 - - - - 140,000 Housing In-Lieu Treasury Note 2005-10410 - - - - - - Capital Projects Funds
Park Develop. Fund Mny Mkt 3003-10108 - - - - - - Park Development Fund 3003-10404 - - - - - - Park Develop Federal Agencies 3003-10405 - - - - - - Circulation Fees Mny Mkt 3101-10108 - - - - - - Circulation Fees 3101-10404 - - - - - - Develop. Impact Fee Mny Mkt 3102-10108 0 - - - - 0 Development Impact Fee Fund 3102-10404 245,000 - - - - 245,000 Impact Fees Federal Agencies 3102-10405 - - - - - - Council Agenda 4-2-2024 9.C-6
Attachment 3
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Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:2/29/2024 Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance

INVESTMENTS
Debt Service Funds
Public Fin Fiscal Agent-Pier 4002-10510 581 2 - - - 584 Public Fin Fiscal Agent-CREBs 4002-10515 1,013 4 - - - 1,017 Visalia Street CD's 4113-10404 100,000 - - - - 100,000 Enterprise Funds
Water Fund Money Mrkt Csh 6101-10108 0 - - - - 0 Water Fund CD's 6101-10404 490,000 245,000 - - - 735,000 Wtr Fund Federal Agencies 6101-10405 2,155,000 - - - - 2,155,000 Wtr Fund Corp Bond - Pooled 6101-10141 - - - - - - Water Fund Treasury Note 6101-10410 1,015,796 - - - - 1,015,796 Water Construction Money Mkt 6103-10108 (0) - - - - (0) Water Construction 6103-10404 504,363 - - - - 504,363 Wastewater Fund Money Market C6201-10108 0 - - - - 0 Wastewater Fund CD's 6201-10404 490,000 - - - - 490,000 Wastewater Fund Fed Agencies 6201-10405 2,100,000 - - - - 2,100,000 WWtr Fund Corp Bond - Pooled 6201-10141 1,062,000 - - - - 1,062,000 WWtr Fund Treasury Note 6201-10410 1,015,796 - - - - 1,015,796 Parking Enterprise Money Mrkt 6501-10108 (0) - - - - (0) Parking Fund Corp Bond-Pooled 6501-10141 500,000 - - - - 500,000 Parking Enterprise 6501-10404 980,000 - - - - 980,000 Parking Fund Federal Agencies 6501-10405 1,750,000 - - - - 1,750,000 Parking Fund Treasury Note 6501-10410 899,666 - - - - 899,666 Internal Service Funds
MVR Fund Money Mrkt Csh 7201-10108 0 - - - - 0 MVR Fund CD's 7201-10404 1,526,000 - - - - 1,526,000 MVR Fund Federal Agencies 7201-10405 500,000 - - - - 500,000 CalPers Benefit Trust
OPEB Trust Account 8101-10408 5,133,541 - - - - 5,133,541 Total all Investments 52,684,054$ 490,007$ -$ -$ -$ 53,174,061$ Total all Funds 84,458,253$ 3,198,174$ (4,573,606)$ -$ -$ 83,082,820$ Council Agenda 4-2-2024 9.C-7
Attachment 3
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PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.D
Meeting Date: April 2, 2024

TITLE:

Annual Election of Officers; Pismo Beach Public Financing Authority RECOMMENDATION:

Adopt a Resolution of the Board of Directors of the Pismo Beach Public Financing Authority conducting the annual election of officers.

DISCUSSION:

The purposes of this agenda item of the Public Financing Authority (Authority) are to hold the annual regular meeting and to hold the annual election of specified officers—as required by Authority Resolutions and by the Rules and Regulations of the Authority.

History
The Pismo Beach Public Financing Authority was created pursuant to a Joint Exercise Powers Agreement dated April 2, 1991, by and between the City of Pismo Beach and the Redevelopment Agency of the City of Pismo Beach. The Agreement provides that "The Authority shall be administered by a Board of five (5) Directors…" and that "The members of the City Council of the City […] shall constitute the Directors of the Authority." At its initial meeting on April 2, 1991, the Authority Board of Directors adopted Resolution No. PFA-91-1, electing and designating officers. The Board also adopted Resolution No.

PFA-91-2, which provided for Regular Meetings of the Board to be held annually on the first Tuesday of each April.

Resolution No. PFA-91-2 also established the Rules and Regulations of the Authority.

Section 3.02 of the Rules and Regulations provides that "The Chairperson, Vice Chairperson and Secretary shall be chosen annually by the Board." Section 3.03 provides that "The Board may elect or authorize the appointment of such other officers […] as the business of the Authority may require."
Purpose of the Authority
The Authority has an outstanding debt issuance, the 2012 Series Lease Revenue Bonds to support the Wastewater Treatment Facilities and Loan Match refunding. These bonds were redeemed in Fiscal Year 2024. Staff will continue to keep the Authority active for the near future to complete reporting and also in the event the Authority is needed for the future.

Today
Following the practices of recent annual elections, the attached Resolution (Attachment 1) provides for the election of a Chairperson, Vice Chairperson, and Secretary, and also for the election of an Executive Director, a Legal Advisor, and a Deputy Secretary. The persons named in the attached Resolution are the same persons elected last year.

Section 3.02 of the Agreement provides that "the Treasurer of the City is hereby Council Agenda 4-2-2024 9.D-1
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designated as the Treasurer of the Authority," thus no election needs to be made for the office of Treasurer.

Conclusion and Recommendation
Staff recommends that the City Council, convened as the Board of Directors of the Pismo Beach Public Financing Authority, adopt the attached Resolution (Attachment 1) conducting the annual election of officers.

FISCAL IMPACT:

No direct fiscal impact is associated with the annual election of officers.

ATTACHMENTS:

1. Resolution
Submitted by: Nadia Feeser, Treasurer
Executive Director Approval:

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RESOLUTION NO. PFA-R-2024-XXX

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PISMO BEACH PUBLIC

FINANCING AUTHORITY CONDUCTING THE ANNUAL ELECTION OF OFFICERS WHEREAS, the Pismo Beach Public Financing Authority was created pursuant to a Joint Exercise Powers Agreement dated April 2, 1991, by and between the City of Pismo Beach and the Redevelopment Agency of the City of Pismo Beach; and WHEREAS, said Agreement provides that the Authority shall be administered by a Board of five Directors; and
WHEREAS, said Agreement also provides that the members of the City Council of the City, as such members may change from time to time, shall constitute the Directors of the Authority; and
WHEREAS, the Rules and Regulations of the Authority were established by Authority Resolution No. PFA-91-2, adopted by the Board of Directors on April 2, 1991; and WHEREAS, Article III of The Rules and Regulation of the Authority provides for the election of Officers.

NOW THEREFORE, BE IT RESOLVED by the Board of Directors of the Pismo Beach Public Financing Authority that the following persons be elected to the offices set opposite their names below, as Chairperson, Vice Chairperson and Secretary of the Authority, each to hold office until she or he shall resign or shall be removed, or otherwise shall be disqualified to serve, or her / his successor shall be elected and qualified to serve:

Chairperson Edward Waage
Vice Chairperson Mary Ann Reiss
Secretary Erica Inderlied
BE IT FURTHER RESOLVED by the Board of Directors of the Pismo Beach Public Financing Authority that the following persons be elected to the offices set opposite their names below, as Executive Director, Legal Advisor and Deputy Secretary of the Authority, each of whom shall hold office for such period, have such authority and perform such duties as are provided in the Rules and Regulations, or as the Board from time to time may authorize or determine:

Executive Director Jorge E. Garcia
Legal Advisor David Fleishman
Deputy Secretary Sheila Rothstein
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Attachment 1

UPON MOTION OF Board Member , seconded by Board Member , the foregoing resolution was adopted by the Public Financing Authority of the City of Pismo Beach this 2nd day of April 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

RECUSED:

Approved: Attest:
________________________ ________________________
Ed Waage, Chairperson Erica Inderlied, Secretary
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the Pismo Beach Public Financing Authority, on _______________________. ________________________
Erica Inderlied, Secretary
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Attachment 1

PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.E
Meeting Date: April 2, 2024
TITLE:

Update on January 9, 2023 and January 12, 2017 Emergency Proclamations RECOMMENDATION:

No action recommended; for information only.

DISCUSSION:

Chapter 2.32 of the Pismo Beach Municipal Code empowers the City Manager, acting as the Director of Emergency Services, to proclaim the existence of a local emergency when the City is affected by an emergency and the City Council is not in session. An emergency exists when conditions are beyond the control of the services, personnel, equipment, facilities, and existing laws of the City. The declaration is an acknowledgement of the need for additional resources and expedited procedures to deal with the emergency. The Director of Emergency Services’ declaration is subject to City Council ratification within seven days.

As required by the Emergency Declarations ratified by Resolution R-2023-001 on January 11, 2023, relating to winter storm damage, and by Resolution R-2017-012 on January 17, 2017, relating to winter storm damage, the following status report is provided for information purposes.

January 11, 2023 Proclamation: Winter Storms
The City Council declared a state of emergency on January 11, 2023, via Resolution R- 2023-001, ratifying the Emergency Services Director’s proclamation of a local emergency in response to the January 2023 winter storms. On January 9, 2023, the County of San Luis Obispo declared an emergency which was followed by a declaration by Governor Newsom for the region. On January 14, 2023 President Biden approved a major disaster declaration for the January storms, making federal disaster aid available. The storms, which began the first week of January, took a toll on the community, causing conditions of peril to the safety of persons and property due to flooding, bluff erosion, strong winds and other storm related damages.

Staff took immediate cleanup and protective measures of the sites where possible and has been working with FEMA through the California Governor's Office of Emergency Services (CalOES) for reimbursement for work and funds required to cleanup and secure the various sites. Staff attended a Recovery Scoping Meeting with FEMA on January 18, 2023. Sites that were submitted to FEMA/CalOES include:
Section of bluff on Ocean Boulevard north of Margo Dodd Park between Seaview Avenue and Palisade Avenue
Section of failed bluff at intersection of Palisade Avenue and Ocean Avenue Pier Avenue Storm Drain Outfall

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Eldwayen Park Point (area in park that includes telescope and public bench) Eldwayen Park North (section of park on north end adjacent to Ocean Boulevard Improvement Project)
Price Canyon Slope (section of recently completed slope repair) Summary of Current Events
Staff continues to work with FEMA through the California Governor's Office of Emergency Services (CalOES) for reimbursement for work and funds required to cleanup and secure the various sites from the January storm.

January 12, 2017 Proclamation: Winter Storms
The Pismo Beach City Council declared a state of emergency on January 12, 2017, via Resolution R-2017-0121, in response to the January 2017 winter storms. Shortly after the Council’s declaration, the County of San Luis Obispo declared an emergency which was followed by a declaration by Governor Jerry Brown for the region. On February 14, 2017 and March 16, 2017 President Donald Trump declared a major disaster for the early and late January storms, making federal disaster aid available. The storms, which began the first week of January, took a toll on the community, culminating with a Caltrans storm drain failure on Highway 101, which caused flooding of two hotels on Price Street, blockage of the City’s Franklin storm drain outfall and debris scattered along Highway 101, Price Street and sidewalk, on Franklin Drive and various private parcels on January 20, 2017. Damage from the storms includes but is not limited to the following:
Bluff failure on Ocean Boulevard (Caltrans purview)
Bluff failure at Memory Park (FEMA purview)
Franklin Avenue storm drain failure (FEMA purview)
City Hall storm damage (FEMA purview)
Bluff failure at Ebb Tide Park (FEMA purview)
Bluff failure at Cypress Street at Harloe Avenue (FEMA purview) Storm drain failure on the City’s outfall located adjacent to the Dolphin Bay Resort (FEMA purview)
Storm drain failure on Cliff Avenue at Ocean Boulevard (adjacent to Dinosaur Caves Park) (Caltrans Purview)
Storm drain failure at the end of Harbor View Avenue (FEMA purview) Slope/road failure on Price Canyon Road (Caltrans purview) 1 Full URL:
https://accesspismo.pismobeach.org/WebLink/DocView.aspx?id=107586&dbid=0&repo=Laserfiche

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Summary of Current Events
The consultant is moving forward with work to obtain right-of-way authorization for the Cliff Avenue and Ocean Boulevard site. Staff has submitted a time extension request to Caltrans Local Assistance and is waiting for their review and determination.

FISCAL IMPACT:

There is no direct fiscal impact from this report.

January 2023 Winter Storms
The cost of damage from the January 2023 storms is estimated to be about $26 million.

January 2017 Winter Storms
The cost of damage from the January 2017 storms is approximately $12 million.

ATTACHMENTS:

None.

Prepared by:

Erin Olsen, Senior Management Analyst
Submitted by: Erica Inderlied, City Clerk
City Manager Approval:

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PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.F
Meeting Date: April 2, 2024
TITLE:

Annual Report for Fiscal Year 2025 from the Pismo Beach Conference and Visitors Bureau / Lodging Business Improvement District (LBID) Advisory Board; Declaration of the City Council’s Intention to Levy an Annual Assessment for the LBID for FY 2025
RECOMMENDATION:

Adopt a Resolution approving the Annual Report for Fiscal Year 2025 from the Pismo Beach Conference and Visitors Bureau / Lodging Business Improvement District (LBID) Advisory Board, declaring the City Council’s intention to levy an annual assessment for the LBID for FY 2025, and directing the City Clerk to schedule a public hearing for April 16, 2024, to consider levying the assessment.

EXECUTIVE SUMMARY:

The primary purpose of this agenda item is to present for approval the Conference and Visitors Bureau / Lodging Business Improvement District (CVB/LBID) Advisory Board’s LBID Annual Report for Fiscal Year (FY) 2025, recommend that the Council declare its intention to levy an annual assessment for the LBID for FY 2025, and direct the City Clerk to schedule a public hearing for April 16, 2024, to consider levying the assessment.

Background
The Lodging Business Improvement District (LBID) is an assessment district created by the Pismo Beach City Council on August 4, 2009 via Ordinance No. O-2009-008 at the request and approval of a majority of the lodging businesses operating in the City. These lodging businesses requested to raise money by assessing themselves, and then to use that money to promote Pismo Beach lodging businesses. Each year since then, the City Council has approved an annual assessment for lodging properties at 1% of gross lodging revenues. The assessments have been used to fund promotional activities for lodging and other tourism opportunities within Pismo Beach.

Pismo Beach Municipal Code Section 3.26.110 provided for a three-year sunset provision for the LBID (in early September 2012). After the passage of the LBID ordinance, California voters enacted Proposition 26, which amended the California Constitution to revise the definition of a “tax.” This set in motion the fact that the LBID assessment, in order to be extended beyond the September 2012 sunset date, was subject to compliance with Proposition 26 to avoid being considered a special tax requiring a 2/3 majority vote of the electorate to pass. With the renewal of the LBID following adoption of Proposition 26, the purposes for which LBID assessments could be expended were more limited than when the LBID was initially established. As such, the improvements and activities permitted under Section 3.26.030 of the Pismo Beach Municipal Code include:

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a) The general promotion of lodging operations within the LBID shall include costs of programs and physical improvements as specified in the business plan to be adopted annually;
b) The marketing of conference, group, and vacation business that benefits the local lodging industry in the district;
c) The marketing of the LBID to the travel industry in order to benefit the local lodging industry in the district; and
d) Administration of the LBID, including collection and enforcement of assessments.

Additional 1% LBID Assessment for Physical Improvements Initial Five-Year Phase
In FY 2019, the Advisory Board and City Council approved an additional 1% LBID assessment beginning on January 1, 2019, subject to annual renewal over five years.

This initiative was aimed at funding pivotal projects to enrich the community and support local lodging businesses in Pismo Beach. These initiatives encompassed upgrades to the pier plaza, establishing pedestrian pathways beneath US 101 at Price Street and Spyglass Drive leading to the Pismo Preserve, installation of beach swings, and enhancements in the Addie Street vicinity. The execution of these projects was either completed or is anticipated by the end of FY 2025.
Pier Plaza improvements – Completed
Pedestrian connection under the US 101 at Price Street for entrance into the Pismo Preserve – Completed
Pedestrian connection under the US 101 at Spyglass Drive – Completed Beach swings – Completed
Addie Street restroom – Budgeted in FY 2024, carried forward to FY 2025 The first phase concluded on December 31, 2023.

Subsequent Five-Year Outlook
In March and April 2023, the Advisory Board recommended, and the City Council approved, the sixth year of the LBID 1% for physical improvements, extending the term to December 31, 2024. Proposals for extending this levy through FY 2025 and potentially for an additional three years are under consideration, which would effectively double the initial investment period.

During this next phase, City staff collaborated with lodging properties to curate a new roster of projects aimed at enhancing visitor experiences, along with outlining financial contributions for each (Table 1). The lodging community has approved this refreshed project list and financial commitments.
On March 19, 2024, City staff met with the Pismo Beach Hospitality Association (PBHA) and presented the proposed projects and contribution amounts for each project to its members. The PBHA Board unanimously approved allocating the 1% LBID assessment for physical improvements for the proposed projects.

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On March 21, 2024, City staff presented the proposed projects and contribution amounts for each project to the Advisory Board. The Advisory Board unanimously approved allocating the 1% LBID assessment for physical improvements for the proposed projects.

Table 1: Proposed LBID 1% for Physical Improvements Visitor-Serving Projects for Next Phase
Proposed LBID 1% for Physical Improvements
Visitor Serving Projects
Proposed
Contributions
Shell Beach Road Multi-Use Path Expansion $1,700,000
Butterfly Grove Trail Signage Enhancement $50,000
Butterfly Grove Enhanced Parking and Crosswalk
Safety Design
$100,000
Butterfly Grove Enhanced Parking and Crosswalk
Construction
$500,000
Pier Promenade Transformation $700,000
Improved Maintenance Equipment to clean Promenade
and Bathrooms
$500,000
Pismo Beach Information Center $50K Per Year $250,000
Enhanced Performance Stage for City and Cultural
Events
$250,000
Annual Beautification Fund $50K per Year $250,000
City-Wide Christmas Decorations $50K Per Year $250,000
Special Events and Festival Seed Funding $50K Per
Year
$250,000
Pismo Preserve Additional Parking Shell Beach Road $200,000 Pismo Beach Stewardship Banner Program $100,000
Pismo Beach Ballfield Restrooms, Concession Stand
and Lights
$1,500,000
Total Investment $6,600,000
The realization of these projects will depend on the continued support through the 1% LBID assessment approval process and could span multiple years. Detailed planning and collaborative efforts between City staff, the Advisory Board, and the City Council will be crucial for bringing these visions to life.

Since passage of the LBID, the total amount of assessments collected has been $20.35 million, including $13.95 million from the original 1% assessment and $6.40 million from the 1% assessment for physical improvements.

Annual Report Requirement
Section 3.26.100 of the Pismo Beach Municipal Code states that the Advisory Board shall review the implementation of the code chapter, the implementation of programs and activities funded through the code chapter, and advise the City Council on the amount of Council Agenda 4-2-2024 9.F-3
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the district’s assessments and on the services, programs, and activities to be funded by the assessments, and perform such other duties as required by the Business Improvement District Law, including preparing the Annual Report required by California Streets and Highways Code Section 36533. California Streets and Highways Code Section 36533 requires that the report include information addressing the following six items:
(1) Any proposed changes in the boundaries of the parking and business improvement area or in any benefit zones within the area.
(2) The improvements and activities to be provided for that fiscal year. (3) An estimate of the cost of providing the improvements and the activities for that fiscal year.
(4) The method and basis of levying the assessment in sufficient detail to allow each business owner to estimate the amount of the assessment to be levied against his or her business for that fiscal year.
(5) The amount of any surplus or deficit revenues to be carried over from a previous fiscal year.
(6) The amount of any contributions to be made from sources other than assessments levied pursuant to this part.

At its March 21, 2024 meeting, the CVB/LBID Advisory Board heard from the Pismo Beach Hospitality Association whose members unanimously supported the 2% Assessment. The CVB/LBID Advisory Board moved to recommend that the 2% Assessment be continued in FY 2025, and approved the Annual Report, which addresses the above items (See Attachment 1.A, which will be included as Exhibit A to the Resolution if adopted).

FY 2025 Annual Report
See Attachment 1.A: Updated CVB/LBID Advisory Board Annual Report for FY 2025.

Public Hearing
If the City Council approves the CVB/LBID Advisory Board’s recommendation this evening, a public hearing regarding the assessment will be scheduled for the next City Council meeting. Pismo Beach Municipal Code Section 3.26.060 states that “After approval of the annual report, the Pismo Beach City Council shall follow the hearing process as outlined in [California Streets and Highways Code] Section 36534 of the Law to levy assessments for the ensuing fiscal year. At the public hearing the Pismo Beach City Council shall hear and consider all protests to the levy of assessment. If written protests are received from lodging operations in the district proposed to pay fifty percent (50%) percent or more of the annual assessment, no further proceedings to impose the levy of assessments shall take place during the ensuing fiscal year.” If protests received do not represent 50% or more, the Council may proceed to adopt a resolution imposing an assessment for FY 2025.

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Conclusion and Recommendation
Staff recommends that Council adopt a Resolution (Attachment 1) approving the Annual Report for Fiscal Year (FY) 2025 from the Pismo Beach Conference and Visitors Bureau/ LBID Advisory Board, declaring the City Council’s intention to levy an annual assessment for the LBID for FY 2025, and directing the City Clerk to schedule a public hearing for April 16, 2024, to consider levying the assessment. This date is not less than 10 days after the adoption of the resolution of intention per California Streets and Highways Code Section 36534(a)(6).

FISCAL IMPACT:

If the proposed FY 2025 Annual Report is approved, it is estimated that a 1% LBID annual assessment for FY 2025 would generate $1,375,869 in LBID Assessment Revenues in FY 2025 which, after $145,310 of administrative expenses, could be used to promote the lodging businesses in Pismo Beach. These costs could, in turn, generate transient occupancy tax revenues and other revenues for the City and related agencies.

In addition, the 1% LBID annual assessment for FY 2025 for physical improvements is estimated to generate the same $1,375,869. This assessment could be used to support visitor serving improvements. The FY 2025 proposed budget includes a budgeted $1,200,000 for the Addie Street restroom project and $125,000 for a feasibility study for a Downtown Boardwalk Extension between Main Street and Wadsworth Avenue.

Not passing this or a similar Resolution would preclude the Council from setting an Annual Assessment for the LBID for FY 2025, and thus preclude the LBID from generating an estimated $2,751,738 in Assessment Revenues in FY 2025, which could be used to promote the lodging businesses in Pismo Beach.

ATTACHMENTS:

1. Resolution

1.A Exhibit A to Resolution: CVB/LBID Advisory Board Annual Report and Business Plan for FY 2025
Submitted by: Nadia Feeser, Administrative Services Director City Manager Approval:

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RESOLUTION NO. R-2024-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH, CALIFORNIA APPROVING THE ANNUAL REPORT FOR FISCAL YEAR 2025 FROM

THE PISMO BEACH CONFERENCE AND VISITORS BUREAU / LODGING

BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD, DECLARING THE CITY COUNCIL’S INTENTION TO LEVY AN ANNUAL ASSESSMENT FOR THE LBID FOR FY 2025, AND DIRECTING THE CITY CLERK TO SCHEDULE A PUBLIC HEARING FOR APRIL 16, 2024, TO CONSIDER LEVYING THE ASSESSMENT
WHEREAS, the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq.) authorizes cities to establish parking and business improvement areas for the purpose of imposing assessments on businesses for certain purposes; and
WHEREAS, the Pismo Beach City Council established the Lodging Business Improvement District (“the District” or “LBID”) by the adoption of Ordinance O-2009-008; and
WHEREAS, the Conference and Visitors Bureau / Lodging Business Improvement District Advisory Board has submitted an Annual Report to Council that outlines the activities of the District proposed for Fiscal Year (FY) 2025 as required by California Streets and Highways Code Section 36533; and
WHEREAS, the City Council finds the Annual Report to be complete, to comply with the interests of the District assessees, and to contain the information required by California Streets and Highways Code Section 36533; and
WHEREAS, California Streets and Highways Code Sections 36534 and 36535 require that in order to levy an assessment, the Council must adopt a Resolution of Intention that declares its intent to levy such assessment, and then set a date for a public hearing where interested parties may be heard on the issue.

NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Pismo Beach as follows:

Section 1. The City Council hereby approves the Annual Report for FY 2025, as submitted to the City Clerk by the CVB/LBID Advisory Board attached as Exhibit A.

Section 2. No changes are proposed to the boundaries of the Lodging Business Improvement District.

Section 3. Pursuant to the provisions of Section 36500 et seq. of the California Streets and Highways Code, the City Council declares its intent to levy and collect an annual assessment for the Lodging Business Improvement District for FY 2025. The assessment Council Agenda 4-2-2024 9.F-6
Attachment 1
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shall be calculated based upon 2% of the gross lodging revenues, as that term is defined in Pismo Beach Municipal Code Section 3.26.020(D).

Section 4. The authorized uses for the revenues derived from the assessment are stated in Pismo Beach Municipal Code Section 3.26.030, and no changes to these uses are proposed in the Annual Report for FY 2024. The authorized uses as stated in that section are:
a) The general promotion of lodging operations within the LBID shall include costs of programs and physical improvements as specified in the business plan to be adopted annually;
b) The marketing of conference, group, and vacation business that benefits the local lodging industry in the district;
c) The marketing of the LBID to the travel industry in order to benefit the local lodging industry in the district;
d) Administration of the LBID, including collection and enforcement of assessments.

Section 5. An outline description of the improvements and activities to be provided in FY 2025, the boundaries of the District, and the proposed assessments to be levied upon the businesses within the area are contained within the Annual Report for FY 2025 filed with the City Clerk by the CVB/LBID Advisory Board.

Section 6. A public hearing shall be held before the City Council on April 16, 2024 in the City Council Chamber, 760 Mattie Road, Pismo Beach, California. Following the hearing, Council will consider adoption of a resolution levying the assessment as recommended by the CVB/LBID Advisory Board.

At this hearing, Council will hear all interested persons, and protests may be made orally or in writing. Written protests shall be filed with the City Clerk at or before the hearing. A written protest may be withdrawn in writing at any time before the conclusion of the public hearing. Any protest pertaining to the regularity or sufficiency of the proceedings shall be in writing, and shall clearly set forth the irregularity or defect to which the objection is made. Council may correct minor defects in the proceedings during the hearing.

If written protests against the assessment are received from business owners that will pay fifty percent or more of the proposed assessment, no further proceedings to levy the assessment shall be taken for one year from the date of the finding of a majority protest by Council. If the majority protest by business owners is against the furnishing of a specified improvement or activity within the District, those improvements or activities shall be eliminated. In order to be counted toward a majority protest, each written protest shall be from the business owner and contain a business description sufficient to identify the business. If the protesting person is not shown on the City’s official business license records as owner of the business, the protest shall contain written evidence that the person is the business owner.

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Section 7. The City Clerk is hereby directed to give notice of said hearing by causing the Resolution of Intention to be published once in a newspaper of general circulation in the City of Pismo Beach not less than seven days before the public hearing.

Section 8. This Resolution is effective on its adoption.

UPON MOTION OF Council Member , seconded by Council Member , the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 2nd day of April 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

RECUSED:

Approved: Attest:
________________________ ________________________
Ed Waage, Mayor Erica Inderlied, City Clerk
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Pismo Beach, California, on _______________________. ________________________
Erica Inderlied, City Clerk
Council Agenda 4-2-2024 9.F-8
Attachment 1
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Pismo Beach Lodging Business Improvement District
Annual Report and Business Plan for Fiscal Year 2024-2025 Presented to the Pismo Beach City Council By the City Conference & Visitors Bureau / Lodging Business Improvement District Advisory Board
The City of Pismo Beach’s Conference & Visitors Bureau (CVB) Board at its meeting on March 21, 2024, completed its Pismo Beach Lodging Business Improvement District Updated Annual Report and Business Plan as required by Section 3.26.060 of the Pismo Beach Municipal Code.

Regarding the requirements for the Annual Report, as stated in Section 36533 of the California Streets and Highways Code:

1.The Pismo Beach Lodging Business Improvement District (LBID) Advisory Board did not propose any changes in the Boundaries of the LBID, which were established in Section

3.26.040 to be the boundaries of the City of Pismo Beach.

2.With the renewal of the LBID following adoption of Proposition 26, the purposes for which LBID assessments could be expended were more limited than when the LBID was initially established. As such, the improvements and activities to be provided for in Fiscal Year (FY) 2025 are those services and activities permitted under Section 3.26.030 of the Pismo Beach Municipal Code, which include:

A. The general promotion of lodging operations within the LBID shall include costs of programs and physical improvements as specified in the business plan to be adopted annually;
B. The marketing of conference, group, and vacation business that benefits the local lodging industry in the district;
C. The marketing of the LBID to the travel industry in order to benefit the local lodging industry in the district;
D. Administration of the LBID, including collection and enforcement of assessments.

The continuing initiatives proposed for the original 1% LBID Assessment for FY 2025 include the following: Following the Strategic Plan including smart tourism growth, collaborative partnerships, expanding the brand of Classic California, Wine and Waves and current campaigns that feature stewardship, equity, diversity and inclusivity as well as ExperiencePismoBeach.com.

This will be accomplished by following the 2023-2025 Marketing Plan with ongoing reviews at the CVB/LBID Advisory Board Meetings. Specific initiatives include emphasis on lodging packages, targeted advertising of the four-to-five-hour drive markets of both Southern and Northern California, Fresno, Bakersfield, Ventura County, and Santa Barbara County, as well as San Luis Obispo flight routes from Los Angeles, San Diego, Phoenix, Denver, Seattle, Dallas and San Council Agenda 4-2-2024 9.F-9
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2 Francisco. Continue cooperative advertising with the County Tourism Marketing District and other tourism partners, such as Central Coast Tourism Council and Visit California. There will be a continuing effort to promote off-season events that benefit the lodging industry in Pismo Beach and other marketing efforts with emphasis on all social media platforms. All advertising and marketing efforts will drive customers to the ExperiencePismoBeach.com website to select their lodging preference. These efforts are designed to improve lodging occupancies, RevPAR and TOT taxes which benefit all the residents of Pismo Beach.

The physical improvements proposed for the additional 1% LBID Assessment for FY 2025 include the Addie Street restroom improvements project continued from FY 2024 and a Downtown Boardwalk Extension Feasibility Study between Main Street and Wadsworth. These efforts are designed to improve lodging occupancies, RevPAR and TOT taxes which benefit all the residents of Pismo Beach.

3.Estimated Costs for FY 2024 and FY 2025
FY 2024 Projected Actuals for Original 1% Assessment
•Sources: The FY 2024 projected actual total sources of $2,076,916, made up of $719,530 from fund balance carried over from the prior fiscal year, an estimated $1,348,891 from LBID assessment revenues, and a projected $8,496 in interest earnings and fees. •Uses: The FY 2024 projected actual expenditures are $1,506,471. This total includes $135,233 for administrative costs and $1,371,238 for direct costs.

The following table shows: the FY 2024 projected actuals for the original 1% assessment, followed by summary tables of the total uses by administrative costs, direct costs, and improvements and details on the direct costs.

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3 The next tables summarize the total uses by administrative costs and direct costs, and provides the components of the direct costs.

FY 2024
Original 1%
Beginning Fund Balance 719,530$
Revenues
LBID Assessment Revenues 1,348,891
Interest Earnings 8,496
Total Revenues 1,357,386$
Total Sources 2,076,916$
Expenditures
SALARIES & WAGES 34,203
BENEFITS 7,580
PURCHASE PROFESSIONAL SVCS 122,236
OTHER PURCHASED SERVICES 1,177,002
OPERATIONS & MAINTENANCE 2,300
OTHER EXPENSES 91,149
Sponsorships for Events 52,000
CA Welcome Center Funding 20,000
Total Expenditures 1,506,471$
Net Revs - Exp (149,084)
Carryforward 16,000
Ending Fund Balance 570,446$
FY 2024
Original 1%
Administrative/Overhead 135,233
Direct Costs 1,371,238$
Direct Costs
TJA Agreement 1,283,100
Miscellaneous direct costs 16,138
Contributions/Sponsorships
WSL SLO CAL Open at Pismo Beach 40,000
Pismo Chamber 12,000
California Welcome Center 20,000
Subtotal Contributions 72,000
Total Direct Costs 1,371,238$
Council Agenda 4-2-2024 9.F-11
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4 FY 2024 Projected Actuals for 1% Assessment for Physical Improvements •Sources: The FY 2024 projected actual total sources of $1,852,518, made up of $495,132 from fund balance carried over from the prior fiscal year, an estimated $1,348,891 from LBID assessment revenues, and a projected $8,496 in interest earnings and fees. •Uses: The FY 2024 projected actual expenditures are $15,083. This total includes: $7,084 to replace the beach playground equipment at Main Street and Addie Street and $7,999 for beach wheelchairs. The Addie Street Restroom Improvements project is carried forward to FY 2025.

The following table shows: the FY 2024 projected actuals for the 1% assessment for physical improvements.

FY 2025 Proposed Budget for Original 1% Assessment
•Sources: The FY 2025 proposed budget total sources of $1,954,810, made up of $570,446 from fund balance carried over from the prior fiscal year, an estimated $1,375,869 from LBID assessment revenues, and a projected $8,496 in interest earnings and fees. •Uses: The FY 2025 proposed budget expenditures are $1,646,703. This total includes $145,310 for administrative costs and $1,501,393 for direct costs.

The following table shows: the FY 2025 proposed budget sources and uses, followed by summary tables of the total uses by administrative costs, direct costs, and improvements and details on the direct costs.

FY 2024
Physical
Improvements
Beginning Fund Balance 495,132$
Revenues
LBID Assessment Revenues 1,348,891
Interest Earnings 8,496
Total Revenues 1,357,386$
Total Sources 1,852,518$
Expenditures
FY23 Beach swing replacement 7,084
FY24 Beach wheelchairs 7,999
FY24 Addie St Restroom Improvements
-
Total Expenditures 15,083$
Net Revs - Exp 1,342,304
Carryforward
Ending Fund Balance 1,837,436$
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5 The next tables summarize the total uses by administrative costs and direct costs, and provides the components of the direct costs.

FY 2025
Original 1%
Beginning Fund Balance 570,446$
Revenues
LBID Assessment Revenues 1,375,869
Interest Earnings 8,496
Total Revenues 1,384,364$
Total Sources 1,954,810$
Expenditures
SALARIES & WAGES 34,946
BENEFITS 7,800
PURCHASE PROFESSIONAL SVCS 130,166
TOT Audit 16,000
OTHER PURCHASED SERVICES 1,235,227
OPERATIONS & MAINTENANCE 2,300
OTHER EXPENSES 100,264
Sponsorships for Events 100,000
CA Welcome Center Funding 20,000
Total Expenditures 1,646,703$
Net Revs - Exp (262,339)
Carryforward
Ending Fund Balance 308,107$
FY 2025
Original 1%
Administrative/Overhead 145,310$
Direct Costs 1,501,393
Direct Costs
TJA Agreement 1,347,255$
Miscellaneous direct costs 82,138
Contributions/Sponsorships
WSL SLO CAL Open at Pismo Beach 40,000
Pismo Chamber 12,000
California Welcome Center 20,000
Subtotal Contributions 72,000
Total Direct Costs 1,501,393$
Council Agenda 4-2-2024 9.F-13
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6 FY 2025 Proposed Budget for 1% Assessment for Physical Improvements •Sources: The FY 2025 proposed budget total sources of $3,221,800, made up of $1,837,436 from fund balance carried over from the prior fiscal year, an estimated $1,375,869 from LBID assessment revenues, and a projected $8,496 in interest earnings and fees. •Uses: The FY 2025 proposed budget expenditures include $1,200,000 for the Addie Street restroom improvements project carried forward from the prior fiscal year and $125,000 for a Downtown Boardwalk Extension Feasibility Study between Main Street and Wadsworth.

The following table shows: the FY 2025 proposed budget for the 1% assessment for physical improvements.

As the revenues and expenditures in this report reflect projections, it is prudent to continue to monitor these items over the course of the fiscal year.

4.No change in the LBID method or basis of levying the assessment was proposed for FY 2025.

The CVB/LBID Advisory Board approved a motion to recommend that the 2% Assessment be continued in FY 2025.

5.The FY 2024 LBID budget for the original 1% assessment is projected to include a $570,446 surplus left over for carryover into FY 2025. The FY 2024 LBID budget for the 1% assessment for physical improvements is projected to include a $1,837,436 surplus left over for carryover into FY 2025.

FY 2025
Physical
Improvements
Beginning Fund Balance 1,837,436$
Revenues
LBID Assessment Revenues 1,375,869
Interest Earnings 8,496
Total Revenues 1,384,364$
Total Sources 3,221,800$
Expenditures
FY24 Addie St Restroom Improvements 1,200,000
FY25 Downtown Boardwalk Extension
Feasibility Study between Main Street
and Wadsworth
125,000
Total Expenditures 1,325,000$
Net Revs - Exp 59,364
Carryforward
Ending Fund Balance 1,896,800$
Council Agenda 4-2-2024 9.F-14
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7 6.The FY 2025 LBID Projected Actuals includes $16,991 in projected interest earnings, which comes from investments from the 2% assessment levied on transient rentals, and fund balance carried over from the prior fiscal year. The CVB/LBID Advisory Board did not recommend that any other contributions be budgeted for FY 2025.

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PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.G
Meeting Date: April 2, 2024

TITLE:

California Public Employees’ Retirement System (CalPERS) Additional Payment of $1.0 Million to Reduce the City’s Unfunded Pension Liability RECOMMENDATION:

Adopt a Resolution appropriating $1.0 million from the General Fund unassigned fund balance to provide additional discretionary payments of $500,000 to each of the City’s CalPERS Miscellaneous and Safety Police Tier 1 plans to reduce the City’s unfunded pension liability in Fiscal Year 2024.

DISCUSSION:

The City of Pismo Beach provides retirement benefits for full-time employees through the California Public Employees' Retirement System (CalPERS). Due to past investment earnings that did not achieve targeted earnings, as of June 30, 2022, CalPERS only has an estimated 70.3% of the funds required to pay estimated retirement benefits due to retirees. Although the funded rate is a moving target depending on the amount of contributions into CalPERS and the market value of CalPERS investments, an 85% to 90% funded rate would better allow CalPERS to support current and future retirement benefits, while a 50% funded rate could mean that the pension system may not be able to deliver promised benefits. As a result of past losses, increases in life span, retirement enhancements, and other factors, public agencies are now having to pay this unfunded amount, at a 6.8% interest rate.

Staff recognizes the City Council’s past decisions that demonstrated fiscal discipline to use the prior fiscal years’ personnel cost savings to fund additional discretionary payments to CalPERS. This action, if continued, will reduce the City’s interest costs on its outstanding debt and help manage increasing unfunded accrued liability (UAL) payments in the future.

Staff reviewed the benefit of contributing $1.0 million from the General Fund CalPERS prepayment set-aside (General Fund available fund balance set aside from the FY 2022 through FY 2023 personnel cost savings) towards the UAL in one lump sum. Based on this review and the projected savings, staff recommends that the Council adopt a Resolution (Attachment 1) to contribute $1.0 million directly to CalPERS to prefund its UAL for the Tier 1 retirement plans for Miscellaneous and Safety Police, including related budget adjustments.

Background
CalPERS retirement plans provide a defined benefit to each retired employee based on a set percentage of an employee’s salary multiplied by the number of years that the employee contributed to the CalPERS system, starting at the stated retirement age of each Plan tier. The City has three main retirement plans, each with two or three benefit tiers, as illustrated in Chart 1:

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Chart 1: City’s CalPERS Retirement Plans
Each tier within each plan calls for a different Employer and Employee cost, with the 1st tier costing the most and the 3rd tier costing the least to the employer.

How are Employee Pensions Funded?
Normal (Current) Costs
Individual employee contributions make up about 11% of their retirement benefits. City employees contribute a percentage of their salary depending on their plan and fiscal year. Miscellaneous employees currently contribute 8.0% of their salary to their retirement for tiers 1 and 2, and 9.5% for tier 3 employees. Safety Police employees contribute 12.0% of their salary to their retirement for tiers 1 and 2, and 14.25% for tier 3 employees. Safety Fire employees contribute 9.0% for tier 1 employees and

12.0% for tier 3 employees.
Employer contributions make up 33% of employees’ retirement. The City contributes a percentage of the employees’ salary towards the employees’ retirement benefits, ranging from 5.93% for the tier 3 miscellaneous employees to 24.11% for a Sworn police officer in tier 1.

Table 1 illustrates the City and Employee contributions for the current fiscal year, FY 2024.

Miscellaneous Plan (All
Employees except
Sworn Police Officers)
• First tier provides a
benefit of 2.5% at age
55 • Second tier provides a
benefit of 2.0% at age
60 • Third tier provides a
benefit of 2.0% at age
62 Safety Police Plan (for
Sworn Police Officers)
• First tier provides a
benefit of 3.0% at age
50 • Second tier provides a
benefit of 3.0% at age
55 • Third tier provides a
benefit of 2.7% at age
57 Safety Fire Plan
• First tier provides a
benefit of 2.0% at age
50 • Third tier provides a
benefit of 2.7% at age
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Table 1: City and Employee Contributions to CalPERS
CalPERS investments fund 56% of the employees’ retirement. CalPERS investments have varied every year, largely dependent on the overall economy. Including the most recent FY 2023 investment earnings of 5.8%, earnings have averaged: 7.1% per year over the past 10 years, 7.0% per year over the past 20 years, and 7.5% per year for the past 30 years.

In total, 67% of the pension costs are funded by CalPERS investment earnings and employee contributions, leaving 33% funded by the City. The following graphic illustrates the percentages, or cents per dollar, of contributions per each dollar of public employee pension costs.

Unfunded Pension Costs (Recovering from Past Investment Earnings Lower than Target) In addition to paying the normal or current pensions costs for the year, the City also contributes an amount each year (UAL payment) to help make up for past years where the above three factors did not meet its target earnings rate. Although, on average, the CalPERS has met its target investment earnings, CalPERS experience significant losses during the recession in 2000 and 2001 of 7.2% and 6.1%, respectively, in investment Plan
City
Rate
Employee
Rate
Miscellaneous - T1 14.06% 8.00%
Miscellaneous - T2 9.10% 8.00%
Miscellaneous - T3 (PEPRA)5.93% 9.50%
Police - T1 24.11% 12.00%
Police - T2 19.83% 12.00%
Police - T3 (PEPRA)13.04% 14.25%
Fire - T1 0.00% 9.00%
Fire - T3 (PEPRA)0.00% 12.00%

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earnings; during the Great Recession in 2008 and 2009 of 5.1% and 24.0%, respectively, of investment earnings; and in FY 2022 with a loss of 6.1% of investment earnings.

Consequently, CalPERS has large unfunded pension costs that it cannot earn its way out using just investment earnings. In order to manage the past investment earnings lower than target and still provide its promised benefits, CalPERS has amortized these payments across 20 to 30 years to be paid back by public agency contributions. As a result, these unfunded pension costs are significant.

Impact of the Normal Cost and UAL cost on Annual Budgets The normal pensions costs that are paid by the City and the employee to pay for retirement benefits were approximately $926 thousand in FY 2023. The UAL payment (catching up for earnings not achieved in prior years) was $1.6 million in FY 2023. To put this into context with the City’s all funds operating costs, the City pays 2% of its operating budget to normal or current pension costs. The City pays 4% of its operating budget for unfunded liability payments. Table 2 shows these normal costs, unfunded liability payments, all funds operating budget, and the percentage of the pension costs compared to the operating budget.

Table 2: FY 2021 to FY 2025 Pension Costs Compared to Operating Budgets The unfunded liability payments are increasing significantly and, based on the latest CalPERS valuation, they will continue to increase and peak in FY 2031, then start decreasing (assuming no additional retirement benefit enhancements) after that. Chart 2 illustrates the City’s UAL payments projected from FY 2024 to FY 2043 based on the June 30, 2022 CalPERS actuarial valuation.

Fiscal
Year
Normal
(current)
Pension
Costs
Unfunded
Liability
Payment
(Principal and
Interest)
All Funds
Operating
Budget
Normal
Pension
as % of
Operating
Budget
CalPERS
Unfunded
Liability as
% of
Operating
Budget
FY 2021 823,816$ 1,288,444$ 34,816,106$ 2% 4% FY 2022 845,851 1,481,671 41,030,496 2% 4% FY 2023 925,642 1,603,821 42,008,617 2% 4% FY 2024 1,136,083 1,429,749 51,646,934 2% 3% FY 2025 1,170,627 1,852,773 50,717,338 2% 4%

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Funded Status and Total Unfunded Accrued Liability
Funded Status as of June 30, 2022 Valuation: 74%
The funded status of the City’s retirement plans are determined by comparing the assets it needs to cover all its long-term obligations using various actuarial assumptions compared to the market value of its existing assets. As of the most recent, June 30, 2022, CalPERS actuarial valuation, the funded status of each retirement plan is 74% for all three plans. The tier 1 plans range from 70.8% to 74.1% funded, while the tier 2 and 3 (PEPRA) plans range from 84.8% to 90.3% funded status. The unfunded portion of the City’s retirement plans, or the Unfunded Accrued Liability (UAL), as of June 30, 2022 for all funds is $22.3 million, including $11.0 million for the Miscellaneous Plan tier 1 and $9.0 million for the Safety Police Plan tier 1. The City also has a Safety Fire Plan for former fire employees which have a total UAL of $1.5 million as of June 30, 2022. The following Table 3 illustrates the funded status of the eight retirement plans, including the total UAL.

Taking the weighted average of all plans, the funded status of all the City’s plans is 74%. $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
Chart 2: CalPERS Unfunded Accrued Liability Payments
POA Tier 1 POA Tier 2 POA Tier 3 Misc Tier 1
Misc Tier 2 Misc Tier 3 Fire Tier 1 Fire Tier 3

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Table 3: Funded Status of Each Retirement Plan
Future Projected Funded Status over Next Decade: Better Positioned Due to various uncertain economic factors including global unrest, preliminary investment earnings, longer projected lifespans, and other market impacts, there will likely be more volatility over the next decade in its investment earnings, which would impact the funded status. Looking at CalPERS current investments for FY 2024 through September 30, 2023, investments earnings were -2.5%, which may signal that CalPERS will not achieve the 6.8% earnings rate it is expected to meet, potential reducing its funded status for FY 2024. Fortunately, despite these upcoming uncertain projections, CalPERS and public agencies are better positioned to weather some economic downturns through various strategies implemented after the last two economic downturns experienced double digit lost earnings in multiple years. These strategies included pension reform in 2013 that established new tier 3 retirements with reduced benefits and lower costs, CalPERS implemented additional policies to help reduce its earnings target from 7.5% per year to

6.8%, shifting its investment strategy from higher earning riskier investments to more stable and conservative investments to avoid large drops due to market pressures, and public agencies increasing contributions to CalPERS.

Funded Status, One Measure Reflecting Health of the Retirement Plans Although the funded rate is a moving target depending on the amount of contributions into CalPERS and the market value of CalPERS investments, an 85% to 90% funded rate would allow CalPERS to support current and future retirement benefits, while a 50% funded rate would mean that the pension system would likely not be able to earn sufficient amounts to deliver promised benefits. Since the City is currently at approximately 74% funding as of the June 30, 2022 valuation, and CalPERS earnings were 5.8% in FY 2023, the City’s funded status should improve in the next valuation.

Still Large Unfunded Liability Payments Due to CalPERS, Peaking in FY 2031 There still remain large unfunded accrued liabilities (UAL) from promised defined benefits compared to the fiscal health of the CalPERS system. This UAL for the City is $22.3 Plan
Funded
Status % as
of 6/30/22
Unfunded
Accrued Liability
(UAL) as of
6/30/22
% of
total
UAL
% funded
all plans
Miscellaneous - T1 72.50% 11,009,226 49% 35.8% Miscellaneous - T2 90.30% 166,627 1% 0.7%
Miscellaneous - T3 (PEPRA)89.30% 259,275 1% 1.0%
Police - T1 74.10% 8,982,338 40% 29.9%
Police - T2 88.70% 101,684 0% 0.4%
Police - T3 (PEPRA)85.60% 224,682 1% 0.9%
Fire - T1 70.80% 1,526,524 7% 4.9%
Fire - T3 (PEPRA)84.80%12,232 0% 0.0%
22,282,588 74%

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million as of the June 30, 2022 valuation. In order to pay down this UAL, public agencies have been making payments amortized over 20 to 30 years. As the valuation and funded status assumes a 6.8% earnings rate, these payments reflect a 6.8% interest rate, a high interest rate compared to all the other City’s debt obligations. As shown in Chart 1, these UAL payments are only expected to increase and finally peak in FY 2031. So instead of paying 4% of the City’s operating costs to CalPERS, this percentage will increase. Other than CalPERS consistently exceeding its earnings target to make up for its past investment losses, the best most cost-effective way to help manage these costs is to pay down this debt. Paying down the unfunded liability earlier than the current amortization schedule not only reduces the City’s unfunded liability and the high interest costs, but also reduces the City’s operating costs over that period.

In other words, although the plans are potentially reaching a more sustainable funded status, the City still has increasingly large debt payments, reflecting a 6.8% interest rates.

As such, it is in the best interest of the City’s financial portfolio to pay this down to reduce this interest cost. In fact, several public agencies, including the City of Pismo Beach, have made additional discretionary payments to reduce the high interest costs and pay down this debt. To date, Pismo Beach has paid $4.0 million toward its UAL ($1.0 million in 2015, $2.0 million in 2018, and $1.0 million in 2022), saving hundreds of thousands in interest costs, negotiated new retirement tiers, and increased employee contributions.

Strategies to Pay Down UAL Debt
There are multiple proactive strategies that staff has explored over the past few years to help minimize this high interest debt burden, including direct CalPERS additional discretionary payments, setting aside funds in an irrevocable IRS Section 115 Trust for pension stabilization, reduce the City’s plan to a shorter amortization period, or issue pension obligation bonds. The most direct way to reduce the City’s interest costs are to make direct CalPERS additional discretionary payments.
Section 115 Trust: City staff could establish an Irrevocable Pension Trust under Internal Revenue Service Section 115 to prefund future CalPERS contributions and help the City stabilize its contributions to CalPERS. The City could transfer the same CalPERS prepayment set-aside from the General Fund unassigned fund balance into this Trust account. The $1.0 million plus earnings could be drawn upon in future years, likely around the peak years in FY 2031 and FY 2032, to support CalPERS pension costs, but cannot be used for any other purposes. This option does not directly reduce CalPERS interest cost savings and therefore does not provide direct CalPERS UAL payment savings in the first five years. If this was implemented, staff could draw from this account in future years to offset future rate spikes and pension costs increases, while still maintaining operations and earning a better rate of return than in the City’s managed portfolio. As the funds are placed in a trust where the funds can only be used for pension costs, these would show up as an asset on the City’s balance sheet.

The benefit of establishing a Trust could allow the City to earn a greater rate of return on the $1.0 million than the City’s investment policy allows per California Government Code. However, like any higher-yielding investment, this Trust is subject to the same

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economic downturns as CalPERS investments. The benefit of investing in the Trust is achieving a greater rate of return than the 6.8% interest cost on the UAL, but that also means that it could lose even more. Looking at historic earnings rates offset by administrative fees, a 4.9% earnings would be the City’s most likely investment strategy. As such, based on past investment earnings history, it is more beneficial to pay down the City’s debt/UAL with 6.8% interest costs rather than invest in the market earning 4.9%. Further, in the event of an economic downturn, the CalPERS pension costs would increase, which is when the City would want to draw funds from this account to offset those spikes. However, it is likely that the Trust would experience the same economic impact as evidenced by historic losses, which would reduce the amount the City would have to offset those spikes in costs.

At this point, staff does not recommend this option. Staff views this option as beneficial to prefund future CalPERS payments to help stabilize future cost increases. Once the City’s retirement plans are closer to fully funded and do not have significant increasing UAL payments, then this would be a good investment option. Amortize the City’s plans to a 20-year amortization period: The City has the option to change some or all of the retirement plans’ tiers from its current amortization schedule to a shorter amortization period. This option could take the $1.0 million and spread it across the various plans to reduce interest costs and the City’s UAL payment in the long term. However, in the short-term, the City’s UAL payments would increase. As the City is trying to reduce its CalPERS UAL payments from now until FY 2031, this option is not in line with the City’s resources.
Pension obligation bonds (POBs): POBs are taxable bonds (debt) issued by a public agency to fund all or a portion of the unfunded actuarially accrued liability for pension costs at that point in time. An agency would issue POBs to eliminate their unfunded liability to a retirement plan at that specific point in time. However, future new retirement benefits and other actuarial dynamics can create a new UAL or even produce an actuarial surplus. In the long run, the actual investment performance of the retirement plan will determine the final financial consequences of issuing the POB.

Issuing a POB will usually produce near-term savings in contributions to the retirement plan. However, it is difficult to predict in advance whether the POB will produce any long-term savings. This will be a function of CalPERS performance and future changes to benefit obligations, which could result in either an additional UAL or an actuarial funding surplus. Since POBs involve considerable investment risk, this strategy is still speculative. In recent years, that has been a renewed focus on POBs due to the previously lower interest rate environment and increasing pension costs.

However, due to numerous past issues running up to 2015 where public agencies issued POBs at the wrong time, public agencies have had to pay not only the POB debt service, but all the UAL when the retirement fund did not perform as anticipated.

As the City is currently interested in reducing its 6.8% interest costs and not seeking to issue more speculative debt at this time, staff does not recommend this approach.

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 Direct CalPERS Additional Discretionary Payment (ADP): Providing an additional discretionary payment (ADP) to CalPERS provides a direct benefit to reducing the City’s interest on its unfunded liability and helps to reduce the City’s UAL payments over time. Staff worked with its CalPERS Actuary to determine the results of contributing $500 thousand to each of the tier 1 Miscellaneous and Public Safety Police plans.

Maximize Savings in Next 10 Years to decrease UAL Payments Staff used the CalPERS Managing ER Contributions tool to determine how to best allocate the $1.0 million across the various plans. Staff’s focus in previous years was to maximize interest cost savings overall. However, based on the projected UAL payments exceeding $2.4 million in FY 2029 through FY 2035, staff’s goal is to reduce the total payments due in the peak years.

Accordingly, staff applied the $500 thousand for each plan to the shortest amortization period to achieve the greatest reduction in upcoming payments. Based on this review, the total $1.0 million prepayment to CalPERS will reduce the City’s UAL payments in the next 10 years by $1,261,151 and save the City $453,002 in interest costs from FY 2025 to FY 2044. The average annual savings in total UAL payments for both plans is $72,650 during FY 2025 to FY 2044, reducing the City’s operating costs. Table 4 includes the proposed option and corresponding savings.

Table 4: CalPERS Prepayment Projected Savings to Maximize Costs Savings during FY 2027 to FY 2023

Plan Prepayment
FY 2025 to
FY 2034 UAL
Payment
Savings
Total Interest
Savings
FY 2025 to
FY 2044
Police Safety
Plan Tier 1 $500,000 $655,941 $205,342 $35,267
Miscellaneous
Plan Tier 1 $500,000 $605,210 $247,660 $37,383
TOTAL $1,000,000 $1,261,151 $453,002 $72,650

The annual payments by year are reflected in the Safety Police Plan Prepayment (Attachment 2) and Miscellaneous Plan Prepayment (Attachment 3). The following charts illustrate the savings to the City for the Police Safety Plan tier 1 (Chart 3) and the Miscellaneous Plan tier 1 (Chart 4).

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Chart 3: Police Safety Plan Tier 1 Annual Payments
Before and After $500,000 Prepayment
Chart 4: Miscellaneous Plan Tier 1 Annual Payments
Before and After $500,000 Prepayment
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Police Tier 1 Current Schedule  Police Tier 1 Schedule with $500K ADP $-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Misc Tier 1 Current Schedule Misc Tier 1 Schedule with $500K ADP

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Alternatives
Alternatives to staff’s recommendation have been analyzed in the Strategies section above.

Conclusion and Recommendation
Staff recommends that the Council adopt a Resolution (Attachment 1) appropriating $1.0 million from the General Fund unassigned fund balance to provide additional discretionary payments of $500,000 to each of the City’s CalPERS Miscellaneous and Safety Police Tier 1 plans to reduce the City’s unfunded pension liability in FY 2024.

FISCAL IMPACT:

The fiscal impact of adopting the attached Resolution is an initial cost of $1.0 million in FY 2024, which will reduce the General Fund available fund balance and deplete the CalPERS prepayment set-aside. The total $1.0 million prepayment to CalPERS will reduce the City’s UAL payments in the next 10 years by $1,261,151 and save the City $453,002 in interest costs from FY 2025 to FY 2044. The average annual savings in total UAL payments for both plans is $72,650 during FY 2025 to FY 2044, reducing the City’s operating costs.

In order to implement this payment, staff recommends that Council appropriate $1.0 million from the General Fund to pay an additional discretionary payment in FY 2024 and remove the CalPERS Prepayment Set-Aside in FY 2024.

Table 5: CalPERS Prepayment Projected Savings
Plan Prepayment
FY 2025 to
FY 2034 UAL
Payment Savings
Total
Interest
Savings
FY 2025 to FY
2044
Average Annual
Savings
Police Safety
Plan Tier 1 $500,000 $655,941 $205,342 $35,267
Miscellaneous
Plan Tier 1 500,000 $605,210 247,660 $37,383
TOTAL $1,000,000 $1,261,151 $453,002 $72,650
ATTACHMENTS:

1. Resolution

2. Annual Savings for Safety Police Plan Prepayment

3. Annual Savings for Miscellaneous Plan Prepayment
Submitted by: Nadia Feeser, Administrative Services Director City Manager Approval:

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RESOLUTION NO. R-2024-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH, CALIFORNIA APPROPRIATING $1.0 MILLION FROM THE GENERAL FUND

UNASSIGNED FUND BALANCE TO PROVIDE ADDITIONAL DISCRETIONARY PAYMENTS OF $500,000 TO EACH OF THE CITY’S CALPERS MISCELLANEOUS AND SAFETY POLICE TIER 1 PLANS TO REDUCE THE CITY’S UNFUNDED

PENSION LIABILITY
WHEREAS, the City of Pismo Beach provides retirement benefits for full-time employees through the California Public Employees' Retirement System (CalPERS); and WHEREAS, during the recession in 2000 and 2001, CalPERS had losses of 7.2% and

6.1%, respectively, in investment earnings and during the Great Recession in 2008 and 2009, CalPERS suffered losses of 5.1% and 24.0%, respectively, of investment earnings and since then, has been struggling to recover those losses; and WHEREAS, as a result of past investment losses, increases in retiree life span, retirement enhancements, and other factors, public agencies now have to pay this unfunded amount, at a 6.8% interest rate, which costs the City of Pismo Beach over $1.9 million per year and growing; and
WHEREAS, in order to help reduce the impact of the increasing unfunded accrued liability (UAL) costs, the City may contribute an additional discretionary payment of $500,000 from the General Fund unassigned fund balance CalPERS Prepayment set-aside toward the Miscellaneous Plan Tier 1 UAL and $500,000 from the General Fund unassigned fund balance CalPERS Prepayment set-aside towards the Safety Police Plan Tier 1 UAL for a projected combined $1,261,151 of the total projected savings to be realized in the first 10 years from FY 2025 and FY 2034 as a reduction in the City’s UAL and ongoing operating costs, $453,002 in CalPERS interest savings, averaging $72,650 of savings per year, and an improvement of the City’s retirement plans’ funded status.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pismo Beach hereby appropriates $500,000 from the General Fund unassigned fund balance CalPERS Prepayment set-aside to prepay the Safety Police Plan Tier 1 UAL and $500,000 from the General Fund unassigned fund balance CalPERS Prepayment set-aside to prepay the Miscellaneous Plan Tier 1 UAL in FY 2024.

UPON MOTION OF Council Member , seconded by Council Member , the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 2nd day of April 2024, by the following vote:

AYES:

NOES:

ABSENT:

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ABSTAIN:

RECUSED:

Approved: Attest:
________________________ ________________________
Ed Waage, Mayor Erica Inderlied, City Clerk
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Pismo Beach, California, on _______________________. ________________________
Erica Inderlied, City Clerk

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Safety Police Plan Tier 1 Unfunded Accrued Liability Payments with $500,000 Additional Discretionary Payment (ADP)
Fiscal
Year
Police Tier 1
Current Schedule
Police Tier 1
Schedule with
$500K ADP Net Savings
Projected
Funded Ratio
2025 721,510$ 659,609$ (61,901)$ 77.5% 2026 782,808 719,173 (63,635) 78.5% 2027 841,740 776,324 (65,416) 79.7% 2028 887,421 820,172 (67,249) 81.0% 2029 1,004,624 935,492 (69,132) 82.5% 2030 1,024,317 953,251 (71,066) 84.1% 2031 1,044,561 971,504 (73,057) 85.8% 2032 1,065,372 990,270 (75,102) 87.5% 2033 1,050,189 988,426 (61,763) 89.2% 2034 1,033,560 985,940 (47,620) 91.0% 2035 1,001,937 969,302 (32,635) 92.7% 2036 950,087 933,313 (16,774) 94.3% 2037 860,639 860,639 (0) 95.9% 2038 537,573 537,576 3 96.8% 2039 473,637 473,637 (0) 97.6% 2040 421,394 421,394 (0) 98.3% 2041 386,622 386,623 1 98.9% 2042 298,644 298,644 (0) 99.4% 2043 203,063 203,063 0 99.7% 2044 171,756 171,761 5 100.0% 14,761,454$ 14,056,112$ (705,342)$
Total Savings (205,342)$
Avgerage Annual savings (35,267)$
10 Year Savings (655,941)$

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Miscellaneous Plan Tier 1 Unfunded Accrued Liability Payments with $500,000 Additional Discretionary Payment (ADP)
Fiscal
Year
Misc Tier 1
Current
Schedule
Misc Tier 1
Schedule with
$500K ADP Net Savings
Projected
Funded Ratio
2025 904,510$ 851,229$ (53,281)$ 76.6% 2026 977,345 922,572 (54,773) 77.9% 2027 1,047,574 991,268 (56,306) 79.3% 2028 1,102,649 1,044,767 (57,882) 80.8% 2029 1,237,800 1,178,296 (59,504) 82.6% 2030 1,263,147 1,201,976 (61,171) 84.4% 2031 1,289,199 1,226,315 (62,884) 86.3% 2032 1,315,982 1,251,338 (64,644) 88.2% 2033 1,301,459 1,235,006 (66,453) 90.0% 2034 1,285,351 1,217,038 (68,313) 91.8% 2035 1,251,914 1,181,688 (70,226) 93.6% 2036 1,197,496 1,125,302 (72,194) 95.2% 2037 686,728 686,727 (1) 96.2% 2038 620,120 620,122 2 97.0% 2039 549,515 549,516 1 97.8% 2040 492,713 492,715 2 98.4% 2041 453,653 453,652 (1) 99.0% 2042 351,706 351,705 (1) 99.4% 2043 243,064 243,063 (1) 99.7% 2044 249,170 249,140 (30) 100.0% 17,821,095$ 17,073,435$ (747,660)$
Total Savings (247,660)$
Avgerage Annual savings (37,383)$
10 Year Savings (605,210)$

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PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #12.A
Meeting Date: April 2, 2024
TITLE:

Police Department Semi-Annual Update
RECOMMENDATION:

Receive the Police Department Semi-Annual Update.

DISCUSSION:

The Police Department is set to present an overview of its activities from January 2023 to December 2023. This report to the City Council encompasses crime trends and statistics, staffing updates, dispatch operations, parking matters, the Community Service Technician position, and community engagement initiatives. The City Council will receive insights into both the achievements and the difficulties encountered by the department throughout the 2023 calendar year.

Semi-Annual Department Update:

Among the key updates to be presented to the City Council is the revision of reporting requirements for the National Incident-Based Reporting System (NIBRS), which came into effect in the current year. Previously, crime statistics were classified into Part 1 and Part 2 Crimes. However, the FBI has implemented a new reporting framework, categorizing offenses into Group A and Group B. Group A offenses encompass all incidents occurring within the jurisdiction of a law enforcement agency, irrespective of whether an arrest is made. Examples of Group A offenses include arson, burglary, drug/narcotic offenses, and vandalism. On the other hand, Group B offenses are solely utilized for reporting arrest data related to specified crimes within the group. Group A reporting category further divides into Crimes Against Persons, Crimes Against Property, and Crimes Against Society, while Group B reporting is predominantly made up of Crimes Against Society. Examples of Group B offenses include writing a bad check, driving under the influence, and trespassing.

During the period from January 2023 to December 2023, the Police Department observed a noteworthy 13% decrease in overall workload compared to the previous year.

Specifically, there was a 21% decrease in Group A crimes and a 13% decrease in Group B. This decline in reportable incidents may be attributed to various factors, including staffing vacancies, a reduction in visitor numbers to the city, and changes in booking protocols at the county jail.

Despite these positive trends, the Police Department experienced some challenges throughout 2023, particularly concerning officer vacancies stemming from long-term injuries and unfilled positions. This issue mirrors a broader trend evident in law enforcement agencies across California and the nation, characterized by high turnover rates, an uptick in officers on medical leave, and difficulties in recruiting qualified candidates.

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However, amidst these challenges, there have been signs of progress. In December 2023, the department welcomed a new Police Officer who successfully graduated from the police academy. This officer has exhibited commendable progress during field training and is anticipated to operate independently before the onset of summer. Furthermore, there are several promising candidates currently undergoing the background verification process, which is a favorable indicator that the Police Department will achieve full staffing levels soon.

This report encapsulates both the achievements and the ongoing efforts of the Police Department in navigating the complexities of law enforcement and serving the community of Pismo Beach.

FISCAL IMPACT:

There is no direct fiscal impact from this report.

ATTACHMENTS:

None
Submitted by: Jeff Smith, Police Chief
City Manager Approval:

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