Lakeside FPD: $27,855,000 Pension Obligation Bonds

Lakeside FPD: $27,855,000 Pension Obligation Bonds

February 15, 2022

Lakeside Fire Protection District

The Deal:

Ridgeline Municipal Strategies, LLC served as a municipal advisor to the Lakeside Fire Protection District on a recent issuance of the District's $27,855,000 Taxable Pension Obligation Bonds (2022).

The Scope:

  • Comprehensive pension liability assessment
  • Pension cost optimization strategy
  • Pension liability management policy
  • Issuance of pension obligation bonds

The Outcome:

Ridgeline helped the District develop and implement a comprehensive pension cost optimization strategy and a pension liability management policy. A portion of the Unfunded Accrued Liability with CalPERS was refunded through issuance of pension obligation bonds to achieve cash flow savings. The Project allows for greater fiscal resiliency of the District and better utilization of taxpayer funds.

Ridgeline Municipal Strategies, LLC is an independent registered municipal advisory and financial consulting firm.

Contact Ridgeline to discuss your financing and pension cost optimization needs.