Information from your City Offices | Meetings/Events this Week | Things Happening Around our Community
| INFORMATION FROM YOUR CITY OFFICES
A Letter to our Residents from Charlie Francis, Director of Administrative Services/Treasurer
RE: City’s Pension Debt
Recently, a letter to the MarinScope editor claimed that the City of Sausalito’s pension debt is $40 million; and that this debt is growing. The total pension liability of the City is definitively not $40 million, and the City has taken specific actions to substantially reduce its total remaining pension liability to less than $5 million.
On the agenda of March 27, 2012, during the open and regularly scheduled City Council meeting, staff reported that the Unfunded Actuarial Accrued Liability (UAAL) for all three City pension plans was $4,547,328 as of the latest June 30, 2010 CalPERS actuarial valuation. This amount was determined using the methodology prescribed to the City Council at the January 10, 2012 open and regularly scheduled City Council meeting by the City’s Actuary, John Bartel.
Actuary John Bartel further recommended to the City Council in his report that “the City can realize significant savings by paying off its “Side Fund” balances for each plan (Miscellaneous, Fire Safety & Police Safety) early because balances are charged 7.75%.” The Pension Side Funds total an additional $4,879,925.
Accordingly, the City Council adopted the FY13 budget that includes an appropriation from unencumbered and available funds to pay-off the Fire and Miscellaneous Side Funds (approximately $2 million). The remaining Police Side Fund obligation of $2.8 million is scheduled to be liquidated within the next 3 to 5 years.
In another significant step to further reduce its pension liability, the City negotiated agreements with its labor force that includes substantial pension reform for both current employees and for future employees. Not only do all City employees pay 100% of the employee’s share of pension costs (as promulgated by the Governors Public Employees Pension Reform Act “PEPRA”) but all employees are paying a portion of the City’s share of pension costs! Additionally, all future employees will be in a lower pension tier than existing employees.
As of June 30, 2012, the net assets of the City exceed its liabilities by over $47 million. The City’s UAAL is less than $5 million. The City has a long-term fiscal plan that provides resources to continue balancing the budget, to preserve providing the excellent level of services, to preserve the City’s infrastructure with a robust capital improvement program, and with adequate reserves to safeguard future challenges. As the City’s annual financial reports confirm: the City can pay its bills, and the City’s ability to pay its bills is improving year over year.
More information , including the City’s complete actuarial reports, can be found on the City’s website or by calling me at 289-4105.
PARKS AND RECREATION
On Wednesday, October 31 the Halloween Festivities will ramp up for a fun evening of events beginning at 4:30 pm. Come and have a wonderful, safe, and fun Halloween experience:
|| Start the evening enjoying a BBQ with a Firefighter at the Fire Station
(Caledonia & Johnson)
|| The Parade Lineup begins
|| The Parade leaves the Fire Station and heads down Caledonia
|| Trick or Treat Lane opens at 420 Litho Street
|| The Haunted House opens in City Hall
|| Howl’O’Ween Dog Costume Contest will be held in Robin Sweeny Park
SAUSALICIOUS! - A community event celebrating local education, art, music and delicious Sausalito Restaurants
In celebration of Willow Creek Academy's 11th Anniversary, Willow Creek Foundation and the City of Sausalito Parks & Recreation Department present Sausalicious!.
Come and view over 20 local artists in their studios and enjoy some of Sausalito's best restaurants; Plate Shop, Osteria Divino, Sartaj India Cafe, Saylor’s Restaurant, Sushi Ran and many more offering some of their best dishes to celebrate this wonderful community event. Everyone is welcome to join in the fun.
Where: 10 Liberty Ship Way, Artist Studio’s Bay 2, Sausalito
When: Saturday, November 10th
Time: 5:00 to 7:00 pm
Cost: $25 per person
Willow Creek Foundation and Sausalito Parks & Recreation will stage a Silent Auction to benefit children’s programs with many coveted auction items such as special getaway vacation packages, Jazz by the Bay tables & picnics, 49er 50yardline tickets, dinners and gift certificates to all your favorite places. All proceeds benefit Willow Creek Academy and Robin Sweeny Park Playground.
Children’s Halloween Event
Big Pumpkin: A Halloween Puppet Show from Teatro Calamari Puppets
A pumpkin too big to move . . . a small bat with gumption . . .join us for Big Pumpkin, a whimsical show combining puppetry, masks and fun! From Teatro Calamari Puppets. Everyone is welcome.
Tuesday October 30, 3:30 pm - Free!
Vehicle Amnesty Days
Do you have a vehicle in your private driveway or in your garage that you want to get rid of? Running or not, ownership documents or not, the Marin County Sheriff’s Department and Pick-n-Pull are offering to pick it up and tow it away. Now through November 17 you can call for limited free towing to have your vehicle removed. Call 866-520-9749. For additional information about this program, call Deputy Andy Smith at 479-2311. Vehicles will only be removed if it is on your residential property and you can prove so. (all vehicles will be verified before being removed)
|MEETINGS / EVENTS THIS WEEK
(subject to cancellation)
| Oct 28
|| 10:00 am
|| Farmers Market
|| Dunphy Park
| Oct 31
|| 9:40 am
|| Toddler Story Time (kids 3 yrs & younger)
|| Council Chambers
| Oct 31
|| 4:00 pm
|| Halloween BBQ, Parade, & Trick or Treat Lane
|| (see above)
| Oct 31
|| 6:30 pm
|| Planning Commission Mtg
|| Council Chambers
Storytime with Phil
|THINGS HAPPENING AROUND OUR COMMUNITY
Explore Sausalito’s Paths and Walkways
Dorothy Gibson will once again begin her famous walks throughout Sausalito’s Paths and Walkways. Meet at the Historical Society’s Visitor Center (the Ice House at Bridgeway and Bay) at 10:00 am. The walks are held every Saturday beginning November 3 and ending December 15. It is the 10th year that she will be doing this – RAIN OR SHINE. Allow three hours. Call 415.332.1935 if you have any questions.
Sausalito Historical Society hosts their fall fundraiser, Wine Tasting & House Tour at The Pines
The Pines: Wine Tasting & House Tour will be held from 3 to 6 p.m.on Sunday, November 4, 2012, at the fully restored 1888 Sausalito mansion, The Pines. This is a rare opportunity to visit the private home as the property is seldom open to the public. Local wineries will be featured along with entertainment by Bay Area musician Marilyn Cooney. Light hors d’oeuvres will be served.
Roxanne Sheridan and Gil Purcell are opening their home to friends and guests of the Sausalito Historical Society for a wine tasting and self-guided house tour. The 14,000 square-foot, 23-room Queen Anne Victorian home was originally built by Major Orson C. Miller. Over the years the home underwent many alterations until the Sausalito couple bought the property and began their own meticulous restorations.
Tickets are $40 for members and $45 for non-members; and can be purchased at the
organization’s History Room at City Hall on Litho Street or at The Ice House. Proceeds support the Society's programs and events. For additional information, please contact (415) 289-4117 or www.sausalitohistoricalsociety.com. Only 200 tickets will be sold. There will be no parking at the venue; shuttle service will be provided.
Celebrate the 2nd Anniversary of Sausalito Village
Thursday, November 8, 4-6 pm at The Bay Model
Music, Drinks, Appetizers, Exhibit of Sausalito Village Artists, and More
You are invited to celebrate with us and to learn about this volunteer group of Sausalito
residents committed to helping all of our residents live independently, safely and confidently in their own Sausalito homes as they grow older, and to lead active, socially connected and productive lives.
Membership is only $200 a year for a household of one or two members and new members are very welcome.
Please phone Betsy Stroman at 331-1464 if you have any questions or for further information.