Attachment 4 - FY 2020 2021 Budget Balancing OptionsBudget Balancing Strategies Pros Cons
Use of either the Budget Stabilization or
Catastrophic Reserves
• Sufficient funding available in
each reserve
• Funds are required to be
replenished
Cancelation of the annual OPEB actuarial
contribution funding
• Legally viable
• $600k in FY 20/21 and $500k in FY
21/22
• Counter to past funding
objectives
• Potential rating agency
implications
Utilization of the OPEB IRS 115 Trust for annual
Pay Go healthcare expenses
• Legally viable
• $1.3M in FY 20/21 and $1.3M in
FY 21/22
• Counter to past funding
objectives
Cancel programmed GF GFAR contribution for FY
21/22
• $600k • Counter to the Commissions CIP
funding objective
ARPA • $1.4M FY 20/21 and $650k FY
21/22
• Depletes resources available for
other ARPA eligible purposes
ATTACHMENT 4