Item Coversheet

ASSEMBLY AGENDA/MANAGER'S REPORT
THE CITY AND BOROUGH OF JUNEAU, ALASKA

Ordinance 2020-10(C) An Ordinance Appropriating $700,000 for a Portion of the Juneau School District's Fiscal Year 2021 Public Employees' Retirement System (PERS) and Teacher Retirement System (TRS) Contribution; Funding Provided by State Revenue.

MANAGER'S REPORT:

This ordinance would appropriate $700,000 for a portion of the State of Alaska’s FY2021 8.85% PERS and 17.91% TRS benefit rate paid on-behalf of the Juneau School District.

 

Funding is provided by the Alaska Department of Administration, authorized by the passage of HB205 during the 2020 legislative session.

 

The Juneau School District is required to budget these on-behalf contributions in their annual request. However, the FY21 budget was inadvertently based on prior-year rates. This ordinance reconciles the differences between the appropriated FY21 budget and the actual on-behalf contributions made by the state. This is a housekeeping ordinance to properly account for these on-behalf contributions, and has no impact on JSD or CBJ finances.

 

The Juneau School District Board will review this request at the September 14, 2021 meeting. The Systemic Racism Review Committee will review this request at the September 14, 2021 meeting. The Assembly Finance Committee will review this request at the September 29, 2021 meeting. 

RECOMMENDATION:

The City Manager recommends the Assembly introduce this ordinance and set it for public hearing at the next regular Assembly meeting.

ATTACHMENTS:
DescriptionUpload DateType
Ordinance 2020-10(C)9/9/2021Appropriating Ordinance