DATE: June 3, 2026
TO: Honorable Mayor and City Councilmembers
FROM: Financial Services Department
TITLE: PUBLIC HEARING TO ADOPT THE FY 2026-27 OPERATING BUDGET AND THE FY 2026-27 CAPITAL IMPROVEMENT PROGRAM BUDGET; AND AUTHORIZE A LUMP SUM PREPAYMENT TO CALPERS
RECOMMENDATION
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Staff recommends that the City Council, the Community Development Commission, and the Harbor District Board take the following actions to adopt the FY 2026-27 Operating and Capital Improvement Program Budgets; and authorize a lump-sum prepayment to CalPERS:
1. Adopt a resolution approving the Appropriation Limitation as required by Article XIII-B of the State Constitution, as modified by Proposition 111 for FY 2026-27. (Attachment A)
2. Adopt a resolution approving the FY 2026-27 City of Oceanside Operating Budget. (Attachment B)
3. Adopt a resolution approving the FY 2026-27 City of Oceanside Measure X Operating Budget. (Attachment C)
4. Adopt a resolution approving the FY 2026-27 City of Oceanside Capital Improvements Program Budget. (Attachment D)
5. Adopt a resolution approving the FY 2026-27 Community Development Commission (CDC) Operating Budget. (Attachment E)
6. Adopt a resolution approving the FY 2026-27 Small Craft Harbor District Operating Budget. (Attachment F)
7. Adopt a resolution approving the FY 2026-27 Small Craft Harbor District Capital Improvements Program Budget. (Attachment G)
8. Approve a lump-sum prepayment to CalPERS estimated at $25.97 million for the City's annual required Unfunded Liability contribution for both Safety and Miscellaneous Retirement Plans; prepayment will provide an estimated $868,524 in savings which will be directly applied to the City's CalPERS Unfunded Liability. (Attachment H)
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BACKGROUND AND ANALYSIS
Presented for consideration are the Fiscal Year 2026-27 budgets for the City of Oceanside, the CDC, and the Harbor District, inclusive of the Capital Improvement Program (CIP). The FY 2026-27 total appropriati...
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