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Oceanside adopts five‑year general‑fund forecast and a $1.3 million CalPERS payment
Summary
Council accepted staff's five‑year general‑fund forecast projecting a modest surplus and approved a $1.3 million one‑time appropriation toward CalPERS unfunded accrued liabilities; the policy update on surplus allocation drew requests for more transparency from one council member.
The City Council voted Feb. 4 to accept a five‑year general‑fund financial forecast for fiscal years 2026‑27 through 2030‑31 and approved a one‑time appropriation of $1,300,000 from prior‑year general‑fund surplus toward the city’s CalPERS unfunded accrued liability.
Presentation highlights: Jill Moya, financial services director, said the forecast projects a Year‑1…
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