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City's transactions and use tax on November 6, 2018. Measure X increased the City's sales tax by one and one-
<br />half (1.5) cents until 2029, then it reduces to one (1) cent until 2039.
<br />CITY OF SANTA ANA
<br />Taxable Sales by Category
<br />Last Five Fiscal Years
<br />(in thousands of dollars)
<br />Cateeory
<br />2023
<br />2022
<br />2021
<br />2020
<br />2019
<br />General Retail
<br />$1,125,656
<br />$1,198,512
<br />$1,053,321
<br />$ 892,136
<br />$ 987,259
<br />Food Products
<br />951,935
<br />899,763
<br />748,869
<br />749,169
<br />811,103
<br />Transportation
<br />1,334,415
<br />1,292,315
<br />979,352
<br />890,337
<br />982,554
<br />Construction
<br />633,543
<br />567,508
<br />508,109
<br />445,367
<br />466,522
<br />Business to Business
<br />1,055,587
<br />1,109,496
<br />1,005,516
<br />926,200
<br />1,148,295
<br />Miscellaneous(')
<br />59,509
<br />50,144
<br />41,171
<br />29,665
<br />38,693
<br />Total
<br />$5,160,645
<br />$5,117,739
<br />$4,336,338
<br />$3,932,874
<br />$4,434,427
<br />Miscellaneous category includes health & government.
<br />Source: City of Santa Ana Audited Comprehensive Financial
<br />Report
<br />dated as of June 30, 2023.
<br />City's Pension Plans
<br />The City contributes to the California Public Employees Retirement System ("PERS"), a multiple -
<br />employer, public employee defined benefit plan, which acts as a common investment and administrative agent for
<br />participating public entities within the State. The City's membership is reported as miscellaneous and safety
<br />members. The Authority's employees are eligible to participate in the City's miscellaneous plan. The City
<br />allocates approximately 1.94% of the City's net pension liability and pension -related transactions to the Authority.
<br />For Fiscal Year 2022-23, the Water System is responsible for approximately $7,451,957 in PERS pension costs
<br />(unfunded actuarial liability). PERS issues a separate comprehensive annual financial report, and annual actuarial
<br />reports for the City's retirement plans. Copies of PERS' annual financial report may be obtained from their
<br />executive office at 400 "P" Street, Sacramento, California 95814, or at their website at http://www.calpers.ca.gov.
<br />The foregoing reference to an internet website is made for reference and convenience only; the information
<br />contained within the website has not been reviewed by the City or the Authority and is not incorporated in this
<br />Official Statement by reference.
<br />All Authority personnel are eligible to participate in PERS upon becoming vested after five years of
<br />service. Members with five years of total service are eligible to retire at age 50 to 62 with statutorily reduced
<br />benefits. For employees hired on or before December 31, 2012 ("classic" employees), the benefits are calculated
<br />at the highest consecutive 12 months for miscellaneous employees and safety employees multiplied by a total
<br />number of years employed. For new (PEPRA) members, hired January 1, 2013 or later, final compensation is the
<br />average annual pensionable compensation for a 36-consecutive-month period of employment. Monthly retirement
<br />benefits are payable for life in an amount equal to a specified percentage as follows:
<br />Hire Date
<br />Benefit formula
<br />Benefit vesting schedule
<br />Benefit payments
<br />Retirement age
<br />Required employee contribution rate
<br />Required employer contribution rate
<br />Miscellaneous Risk Pool
<br />Classic Plan
<br />PEPRA Misc. Plan
<br />On or Before
<br />On or After
<br />31-Dec-12
<br />1-Jan-13
<br />2.0% to 2.7%
<br />1.0% to 2.5%
<br />5 years of service
<br />5 years of service
<br />Monthly for life
<br />Monthly for life
<br />50
<br />52 - 67
<br />8.00%
<br />7.00%
<br />11.90%
<br />11.90%
<br />For employees hired on or before December 31, 2012, required employee contributions to PERS are
<br />8.00% of compensation for miscellaneous employees. Under the California Public Employees' Pension Reform
<br />Act of 2013 (PEPRA), for new employees hired on or after January 1, 2013, the required employee contributions
<br />
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