Finding F15
Pinole’s Section 115 Trust was funded in 2018 from proceeds from a one-time asset sale for $16.3 million to help offset the unfunded pension liability.
Jury report: Pinole’s Financial Future: It’s a Rough Road · PDF page 16
Permanent linkOfficial response
Pinole City Council
Agrees with the finding without additional explanation.
Read official response · PDF page 3Explicit agreement engages F15; the response adds no finding-specific reasoning or independently checkable support. Agreement is not independent verification.
This review evaluates the response document. Implementation claims have not been independently verified.