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Extraído del Informe Consolidado
Esta investigación fue publicada originalmente como parte de un informe consolidado más amplio que contiene múltiples investigaciones. Consulte el PDF consolidado para ver el documento completo.
Nevada County Grand Jury
• 2017-2018
Pbnn Valley Fire Protection District Fire Chief Directors Don Wagner David Fanell, Chairperson P.o. Box 180 Kurt
⚠️ Aviso de traducción: Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings 10 findings
F1
Page 68
Nearly every Nevada County agency has a Net Pension Liability. Agree
F2
Page 68
Many Nevada County agencies, especially schools, lack a sufficient Net Position to successfully comply with the requirement to reduce their Net Pension Liability. Agree.
F3
Page 68
Some Nevada County agencies, especially schools have a negative Net Position. Agree. However, TFPD does not have a negative Net Position.
F4
Page 68
Transparency demands that financial statements provided by the office of the Superintendent of Schools identify each charter schools Net Pension Liability. Agree.
F5
Page 68
The strain on Nevada County agency budgets is likely to require cutbacks in services to balance pension contribution increases. 10049 Donner Pass Road . Post oIlice Box2T68. Truckee, california 96160 . (530) 582-7gso . FAx (s30) sg2-78s4
F6
Page 66
Many agencies may spend down their reserves to avoid cutbacks in services. Partially agree. lt is possible some agencies will spend down their reserves in order to avoid cutting back their services.
F7
Page 66
New sources of revenue may be requested by many agencies to avoid cutbacks in services or reduction of reserves. Partially agree. lt is possible some agencies will look for new sources of income to avoid spending down their reserves so they can avoid service cutbacks.
F8
Page 66
The public bears most of the risk if CaIPERS and CaISTRS investments continue to underperform. Partially agree. CaIPERS and CaISTRS employees bear a good amount of risk as well. lf the investments underperform, CaIPERS can increase the employees'contribution percentage to cover the shortfalls.
F9
Page 66
Higgins Fire Protection District is out of compliance with Government Code 26909 by not filing an audited financial statement for 2075-2016. Agree
F10
Page 66
Nevada City School of the Arts'financial statements should reflect their Net Pension Liability. Agree 63
Recommendations 3
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R2Page 67Public agencies and public employee unions should explore how increasing employee pension contributions can reduce non-funded pension liabilities. The recommendation is being implemented. PEPRA employees, those who became members of CaIPERS after Janua ry 7.,20t3, pay approximately half of their pension contribution toward CaIPERS. The District does not pay the employees' share for the PEPRA employees. The majority of the PVFPD staff pay their own pension contributions and this portion will only increase as more employees are hired and subject to PEPRA rules.
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R3Page 67For the purposes of transparency and easy access, each agency should provide links to three years of audited financial statements and summary pension data for the same period on the financial page of its public website. The recommendation will be implemented. The PVFPD website has been updated to include three years of audited financial statements. The links to these documents can be found in the Board of Directors section of the website.
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R4Page 67Public agencies should consider implementing the suggestions from the League of California Cities. The recommendation will be implemented to the extent applicable. As previously stated, the PVFPD has the most conservative CaIPERS contribution plan offered. ln addition, approximately 8.6% of the General Fund was spent on pension liabilities for Fiscal Year 2OL7-18. This is well below the LL.Z% cited in the report from the League of California Cities. Starting with Fiscal Year 2018-20L9, CaIPERS reduced the payback time period for unfunded liabilities for all agencies. This accelerated payback will reduce long term costs. !n the future the PVFPD may consider a ballot measure to help alleviate increasing pension and other direct operating costs. At this time the timing is unknown for such an event. 3 64 Tmckee Fire Protection District Board of Directors Proudlg prouiding seruice to portiors of both Neuada anL Gary R. Botto Victor R. Hernandez Placer Counties andthe Toun of Truckee Gerald W. Henick Erin E. Prado Paul D.ltilford €ue* Fire Chief tr4tilliam G. Seline Division Chiefs Craig A. Ilarvey August 21,2018 / Rod A. Brock { The Honorable Thomas Anderson Supervising Judge of the Grand Jury 201 Church Street Nevada City, CA 95959 RE: Required Responses to the 2017-2018 Nevada County Grand Jury Report Dear Honorable Thomas Anderson, The Truckee Fire Protection District Board of Directors and Administration has reviewed the 2017-2018 Nevada County Grand Jury report and has prepared the following required responses.