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CITY OF SANTA ANA — Pansion/OPEB Analysis & Financing Solutions p nsio i er,t n_,yt City of Glendora — The City of Glendora hired UFI, after a competitive RFP -- — process, to develop a pension model to help them determine the size of City of Glendora their UAL to pre -pay, and to execute a pension Obligation Bond, June Overholt Additionally, the finance director requested that UFI develop a financial Finance Director forecasting model that incorporates the cash flaws from to pension/OPEB 1626)457,1800 model. The financial forecasting model Is intended to be used with the City Jverholt@cLglendora.ca.us Council to prioritize /designate the use of additional revenues expected to be generated from their newly passed.75 cent sales tax measure. City of Simi Valley —The City of SIMI Valley Issued an RFP for pension/OPEB modeling and financial advisory services. UFI was selected among severalEsaabr!te@s1mIvslIey,org i valley firms, via competitive RFP process, to help the City evaluate and Implementbnte various financial solutions to their rising retirement costs, The engagementnager commenced on March 18". • valley.org Rowland Water District - UFI has developed a pension model, includes 14 individual amortization schedules and well as pay-gocostprojectiansforthe Rowland Water DiStrict District's retiree medical costs, to address the District's outstanding $4.4 Tom Coleman million COWERS liability and $3.6 million retiree medical (OPEB) liability, General Manager Elements of theponslon/OPEBmodel are expected tobeIntegrated Into the (818)898-7a07 District's existing rate model. We will evaluate potential financial solutions, �9�"t°ae'R mwlnndwatgr,&gnt Including the use of tax-exempt exchange and synthetic Fresh Start; and assist the District In the implementation of these solutions. City of San Fernando - The City of San Fernando Issued an RFP for -- pension/OPEB modeling and financial advisory services. UFI was selected City of San Fernando among several firms, via competitive RFP process, to help the City evaluate INick Kimball and Implement various financial solutions to their rising retirement costs. City Manager UF) has developed their pension model and has commenced the analysis and (818) 898-7307 alternatives phase of the assignment. The City of San Fernando is ono of 22 nldmbaa@sfdty,org agencies in California that have a voter -approved pension override tax; therefore, addressing theirOPEB liabilities is expected to be a significant focus, City of Desert Hat Springs - UFI prepared a long-term financial forecast for the City in 2017. The City also requested UFI present to the City a special report explaining the CaIPERS retirement system to the City Council and the Impacts associated with the city's current and projected pension costs. UFI has developed a pension model for the City and written a recommendation for the pre -payment of $1 million of their UAL to CaiPERS. SGVCOG — U FI was hired by the San Gabriel Valley Council of Governments "SGVCOG" to help them model their future retirement costs, including Potential alternatives to CaIPERS such as 401(a), PARS, as well as exiting the CAPERS system (I.e., termination). We developed a customized model, driven by individual employee data (salaries), to estimate termination payments to CaIPERS using different discount rates. l l F1 Desert H7SPrIngsCtiucic MaynaCity Manager (760) 329-64citymarager rg San Gabriel Valley Council of Governments Marisa crater Executive Director (626)457-2800 mcreder@sgvcog,org