REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
PREPARED BY: Marissa Sur, Assistant City Manager
Subject:
title
Presentation of Finance Commission Subcommittee’s Review of Financial Impact of Proposed Police Officers Association (POA) Memorandum of Understanding (MOU) to the General Fund and Recommendations, and Staff Review of Long Range Financial Projections Including Labor Contracts, Unfunded Pension Liabilities, and Reserve Levels
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Statement of Issue:
At its August 18, 2026, meeting, City Council directed the Finance Commission to create a subcommittee to look into the financial impact of the MOU contract to the General Fund and provide options to avoid bankruptcy. City Council also directed the City Manager and CFO, in conjunction with the City Treasurer, to prepare a 5-10 year financial analysis of the city’s finances and bankruptcy risk in light of the POA MOU and other upcoming labor contracts, unfunded pension liabilities and reserve levels. They were also directed to prepare a series of financial options available for the City Council to avoid bankruptcy in the 5-10 year financial timelines.
Financial Impact:
Non Applicable – Administrative Item
Recommended Action:
recommendation
Consider information and recommendations presented by the Finance Commission Subcommittee and City staff.
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Alternative Action(s):
Do not approve recommended action and direct staff accordingly.
Analysis:
Background
At the August 18, 2026, meeting, City Council directed the Finance Commission to create a subcommittee to look into the financial impact of the MOU contract to the General Fund and provide options to avoid bankruptcy. City Council also directed the City Manager and CFO, in conjunction with the City Treasurer, to prepare a 5-10 year financial analysis of the city’s finances and bankruptcy risk in light of the POA MOU and other upcoming labor contracts, unfunded ...
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