City of San Antonio - File #: 15-1246

• File #: 15-1246
• Type: Staff Briefing - Without Ordinance
• In control: City Council B Session
• On agenda: 1/28/2015
• Posting Language: An informational briefing by three independent consultants regarding the following items: A) Financial review of the impact of the City of San Antonio and the San Antonio Police Officers Association collective bargaining proposals on the City’s General Fund Budget. [Michael Nadol, Managing Director, Public Financial Management] B) Actuarial review of the legislative amendments proposed by the San Antonio Fire and Police Pension Fund and review of the financial impact of the proposed legislative amendments on the City’s Credit Rating. [Mark Randall, Executive Vice President, Gabriel, Roeder, Smith & Company; Jorge Rodriguez, Managing Director, Coastal Securities]

Date	Ver.	Action By	Action	Result
1/28/2015	1	City Council B Session

DEPARTMENT: City Manager's Office


DEPARTMENT HEAD: Ben Gorzell, Chief Financial Officer


COUNCIL DISTRICTS IMPACTED: City Wide


SUBJECT:

Presentation of Third Party Reviews Collective Bargaining Proposals and Fire and Police Pension Board Legislative Packet



SUMMARY:

During the Wednesday, January 28 City Council "B" Session, City Council will be provided an informational briefing by three independent consultants regarding the following items:

A. Financial review of the impact of the City of San Antonio and the San Antonio Police Officers Association (SAPOA) collective bargaining proposals on the City's General Fund Budget. Presented by Michael Nadol, Managing Director, Public Financial Management

B. Actuarial review of the legislative amendments proposed by the San Antonio Fire and Police Pension Fund and review of the financial impact of the proposed legislative amendments on the City's Credit Rating. Presented by Mark Randall, Executive Vice President, Gabriel, Roeder, Smith & Company; and Jorge Rodriguez, Managing Director, Coastal Securities



BACKGROUND INFORMATION:

During a press conference on December 1, 2014, the Mayor called for a third party review. On December 3rd, staff submitted a proposed draft scope of work to the Mayor's Office for consideration. The proposed draft scope of work was edited and finalized by the Mayor's Office on December 12th. The final scope of work is primarily comprised of the following:

* Evaluate and validate the impact of the October 21st City Proposal and the November 3rd Union Proposal on the General Fund Budget taking into consideration principals approved by the City Council for the negotiation of police and fire labor union contracts. The City engaged Public Financial Management (PFM) to perform this work.
* Review the legislative amendments proposed by the San Antonio Fire and Police Pension Fund. Given the scope of the review, two firms have been engaged to perform t...