Attachment 04Expenditure Baselines and Projection Factors
ATTACHMENT 4
Type of Expenditure FY 2018/19
FY
2019/20
Forecast
FY
2020/21
Forecast
FY
2021/22
Forecast
FY
2022/23
Forecast
FY
2023/24
Forecast
Salaries* 2.5% 3% 0% 0% 0% 0%
Benefit - Medical**
Current baseline
set by FY 2018/19
Adopted Budget
7% 7% 7% 7% 7%
Operating
Expenditures***
Current baseline
set by FY 2018/19
Adopted Budget
3% 3% 3% 3% 3%
Grants & Awards
Current baseline
set by FY 2016/17
Adopted Budget
0% 0% 0% 0% 0%
Utilities***
Current baseline
set by FY 2018/19
Adopted Budget
3% 3% 3% 3% 3%
Internal Service
Charges***
Current baseline
set by FY 2018/19
Adopted Budget
3% 3% 3% 3% 3%
Debt Service
Current baseline
set by FY 2018/19
Adopted Budget
Debt Service Schedules
* Salary increases are based on actual step increases and bargaining units’ negotiation.
** Benefit increase estimates are provided by CalPERS/Public Employees’ Medical and
Hospital Care Act (PEMHCA)
*** Based on historical trends.
The Town’s required contribution estimates toward retirement and unfunded liabilities are
provided by CalPERS as a percentage of current payroll. The actual percentages used in the
forecast are summarized in the table on the next page. CalPERS employer contributions are
shown as percentage of payroll.
Expenditure Baselines and Projection Factors
Page Two
Type of
Expenditure FY 2018/19
FY
2019/20
Forecast
FY
2020/21
Forecast
FY
2021/22
Forecast
FY
2022/23
Forecast
FY
2023/24
Forecast
Safety
POA 46.085% 55.222% 58.059% 62.792% 66.560% 46.360%
Safety
POA - PEPRA 13.961% 15.019% 15.045% 15.174% 15.294% 15.315%
Miscellaneous
TEA/Confidential/
Management
30.87% 33.175% 37.431% 40.141% 42.417% 43.749%
Miscellaneous
TEA/Confidential/
Management
PEPRA
30.87%
Separate PEPRA rate for
Miscellaneous has not
been established yet by
CalPERS.
33.175% 37.431% 40.141% 42.417% 43.749%