📋
Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
Nevada County Grand Jury
• 2017-2018
Response to June 11,2018 Grand Jury Report (Unfunded Pension Liabilities)
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Recommendations 3
-
R2Page 83Public agencies and public employee unions should explore how increasing employee pension contributions can reduce non-funded pension liabilities. Parcially Agree - The recommendation is being researched presently Our retirement policy mimics that of Nevada County's. The District plans to research pension options and add greater personal retirement participation for (new) employees.
-
R3Page 83For 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. Agree - The recommendation has been implemented Our audited financial statements for years 1999 through 2Ol7 and summary pension data reports for 20 l5 and 2Ol7 have been uploaded to our website. The summary pension data report for 2Ol8 will be uploaded to our website when it is received. 80
-
R4Page 84Public agencies should consider implementing the suggestions from the League of California Cities. Dlsagree - The recommendation will not be implemented at the present time The District maintains a secure funding stream and is not confronted with city-size issues and funding. Our district is too small and has too few employees to make implementing the suggestions from the League of California Cities feasible. We do, however, receive Annual Unfunded Accrued Liability invoices from CaIPERS and pay them when received. Nevada County Resource Conservation District Board of Directors Robert G. lngram, President l,2Ol8 luly 1 81 Truchee Cemetery Dlstrlct P.O. Box 2803 Truchee, Callfornla 96160 (s30) s87-6s53 ttU,f& 1"9 {tb{ November L,2018 The Honorable Thomas Anderson Supervising Judge of the Grand Jury 201 Church St. Nevada City, CA 95959 Dear Sir: ln response to the recommendation R3 in the Nevada County Grand Jury report entitled "Willthe Public Suffer Because of Unfunded Pension Liabilities" the Truckee Cemetery District will implement the recommendation by posting the last 3 years' audited financial statements on the District website :*try.W*t{SiiiqereLt-tqgefyd"ts<L;qI. The District maintains no pension plan. Sincerely, Tricia Cook, Secretary Truckee Cemetery District Board of Trustees 82 TRucxee Tenoe Arnponr Dlsrntcr DrRecrons 10356 Truckee Airport Rd. LISAWALLACE Truckee, CA 96161 TERESA O'DETTE (530)5874119 tel JOHN JONES RUCKEE (530) 587-2984 fax AHOE JAMES W. MORRISON IRPORT www.TRucKEETAHoeAr RpoRr.coM RICK STEPHENS fua August 28,2018 Honorable Thomas Anderson Supervising Judge of the Grand Jury 201 Church Street Nevada City, CA 95959 Re: Response to June 11,2018 Grand Jury Report (Unfunded Pension Liabilities) Dear Judge Anderson: Pursuant to the 2017 -18 Grand Jury Report regarding unfunded liabilities, this District was requested to respond to recommendations R2 and R4. our responses are below: