Page 70 - CPAAC_Fall2015

11/13/2015

One Time Payments

 Council/Board resolution to use a portion
of one time money to reduce unfunded liability,
e. g.

 1/3 to one time projects
 1/3 to replenish reserves and
 1/3 to pay down unfunded liability

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Establish Internal Service Fund

 Could be used for rate stabilization

 Restricted investments:

 Likely low (0.5%-1.0%) investment returns
 Short term/high quality
 Designed for preservation of principal

 Assets could be used by Board/Council for other
purposes

 Does not reduce GASB 68 Net Pension Liability

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