Year reductions the mayor requested in october. If you look at the total bottom line of 178 million of 98 or 96 million was already known at the time we published the last report. Departments had responded to the mayors request to provide mid year reductions or revenues. Most it was known at the time. It is from our last projection. 82 Million Dollars. 7 from Public Health revenues. What is going on there higher patient census and rates at the general. Some other one time revenues. For like safety net hospital and. S safety net hospitals like that one for graduate medical education. And couple others coming in higher. If you are looking and wondering yet Mayors Office has 30 Million Dollars of good news, 22 of that is a land sale that was budgeted in the prior year and we closing out budget for the expenditure side. Revenue is not happening the land sale revenue will not come in we closed out revenue budget this is representing the related expenditures, which will not happen. Other than that, just a positive balances you see down the list here and im happy to answer questions on specifics. Through the chair, all of the net surplus is all mid year cuts no. If you look at the bottom line there is 178 that is to the good. Yea. 90 i will double check. 98. 3d ph. Im referring to the like, emergency communications, economic and workforce development. Human rights. Yep. Those numbers are whatever they gave in the mid year cuts plus whatever we know about since thenful a total. So the mid year we knew about 96. 4 million of the and our last projection. And now we say we are 178 so it is 82 Million Dollars improvement from that time unusual report in we dont have changes like this. Changes to the budget this early in the year that we are now having to remember. I gallon to reserves. This table is showing we are having no, no anticipated deposits or with drawls from the Economic Stabilization reserves were not eligible we dont have a revenue short fall. Nor do we have projected revenues we deposit under the formula. And in the lines below what you are seeing is budgeted use of reserves. And upon approved budget we are using 100 million in the current year and 71 million in approved budget you approved for fiscal 25. Just briefly. Does this factor in on the last slide the Current Situation with fema . Um for fema, we have not changed the projections. So in case it is helpful, last october the direct of the fema region 9 told all jurisdictions a couple of what were to us new rules on cost eligibility the main one being that stays in sip hotels would be limited to 20 days and anything above that not reimbursed that was new orleanses and everybody in cal camp awfuls prepositioning vacant rooms. There is back and forth there is communication and lobbying going on. Including work with the state. We have not yet changed our revenue forecast. For fema reimburse ams to reflect that yet. We are still waiting to see a bit more kwhat real outcome might be. Remember to your point supervisor supervisor peskin we had a federal and state emergency grant disallowance reserve. Which is long title. We have 40 Million Dollars remaining in that. After the budgeted draw. That would be when we look to. That would be one of the source we look to to help fill short fall. That we could look to in the revenue that is a choice made. Part of when we set this up for is fema in a regular old emergency takes a good 1015 years to close out claims. If they are closing out we submitted 880 mission expenditures for the covid pandemic. Tell take a long time to audit those and expect a decade somebody will come and the rules will be different. That is part of what this was for. Was that when that happens or when we submitted we find out sooner that they will not allow that. It was just00 zoo it was for that. Thank you. You have it as a risk second risk. Not news just that the appeals board is currently hearing 2021 case. They heard some 2022 commercial case but i dont see decisions on 2023. The issue is that our office is projecting what we think the out economist deliberations will be and reflecting that in our forecast. The best thing to have their decisions and know the reduction are so it is just until we have Actual Experience through the assessment appeals board, there will be a question of like what should the reserves be and are we holding the right amount . And we just spoke about the fema reimburse ams for shelters those other 3 top line risks at the moment. You know we will be working with the budget and legislative analyst and Mayors Office on an update to the 5 year forecast. And that will come out the end of march. Plus update the current year in the 9 month report in mid may. More to come on all of this. And im happy to answer additional questions. I dont see names roster. Go back to the slide 6 specific low on the reserves. I want to dive deeper about what is available to us. Could you walk us through a bit just those are where we seat reserves we want to maintain the general fund like can you walk us through the total reserves we have . What is the percentage . Roughly . Of the reserve that we have versus the general fund . Available you to . We one of our Performance Measures we have a target. 10 for Economic Stabilization reserves. So that 390 million in Economic Stabilization is over sick of general fund revenue. If you ad it up, see. 12 . More than that. 15. You are lead including other reserves i keep in mind, though, some of the policies the use of the different reserves the general reserve which is 128. 7. It is designed for issues in the current year. And has to be reimburse in the the budget year. What you do spend it, you have to it creates like deposit required in the budget year. Unless you near a situation you are eligible to with draw from your stabilization reserves the deposit falls, too. Looking at our other reserves, it is minor butt School District reserve a mission is theirs. Not ours. And um the Public HealthRevenue Management reserve is reflecting you will of the other enterprise and it is general funds have reserves. We created this was created because our largest single learningest department had no operating reserves of its own. So for a 3 billion dollars operation, did not seem fiscally prudent to have no revenue reserves. This was established at about 5 of net patient revenue per year should there be fluctuations in rates. Other Budget Stabilization and fiscal cliff, state reserve um those are balance that can be appropriated by mayor and board. And the fiscal reserves i remember, it was from the federal will federal bail out money during covid, is that correct . Yes. And using it already. And spending it. It was createed spend it down so we received an unpresident ed amount of federal stimulus funding during the pandemic and the idea was this we should spends it down because that the money came in faster than recovery would happen. We got the 625 million and a couple hundred million from cares. It came in quickly and this was to spread the funding out over time. With the fiscal cliff reserves we have and i know we are continuing to spends it down but at that time, i believe that you know there was participation that we have the fema reimburse ams now that we have slowed down we have issues with it. And i think in the report it is saying it does not impact different year but we know tell impact us. When will we know the impact. The time the fema decisions. I think zoel a good idea on the current year by the 9 month report. We got obligation this is is why we did not bring down our forecast we are seeing the obligations not cash yet but it is coming. We are showing na. I think that it would pend communication from fema office in dc. Reviewing our requests to look at this policy that has been come out last october. How and when they do that im not sure. I know that our delegation is communicating with fema directly and working through officials on this. So i dont know. Would it be fair to assume that we will not have this information or the update about the fema reimburse ams for this fiscal year in terms of, say with this budget conversation upcoming in june . Fair to assume . I would not assume that. I think we will push hard to know something because it is a pretty big risk. The extent we can get more solid information about this we will push hard for that. It materialally affects the forecast. Yea. Yea. So with that, okay. I think that anticipation is the commitment as a city we will Work Together and trying to figure out a way that we will have this information from fema and commitment and understanding. We will have these issue clarify that before june arrives. And just love to have you walk us through the excess ehraf that we participate in the part. With that trying to walk us, help us and walk us through. We have been having the conversation about ehraf and we understand the state is, special 38 billion dollars of deficits. I look forward to seeing the upon governors revised budget this may. It is coming soon and quickly. And i look forward to seeing that how that would impact. Do you have any information that can help us understand you know what we could expect in may . This is like fema at the state level we lobbet Governors Office to kind of explain hat impact of the proposal is to local governments. Service impact, to us we estimated. This will be the current year of ehraf is okay. It is Going Forward and this is a long running disagreement with the state and the counties about how ehraf should or should the amount should be allocated to School Districts to pass on to Charter Schools. So the counties have soap far received the state Controllers Office agreement that are calculations are correct and lower court judgment. Nought governor proposeed change the law. To what they would like to see. Which is that Charter Schools get the full lcsf amount. And so i think it is another fema and this ehraf issue are the two largest problems coming out us from levels of governments we lobby with governments about. Variables. Joy think the third questions i have, you discussed a bit about the transfer tax projection. It is down. And from previous while it was up from previous year, you know, just the last year like i think you said 3. 6 but consistent lowdown. And [inaudible]. With is this within this presentation and this projection, what was the calculation in the past of prop c that transfer tax happening exemption does pass. Is this inclusive of this . No. So our reports would not assume any the outcome of any policy or voter approved measure that has not been approved. So, thank you. I mean, colleagues my think suggest that for me when i go over this presentation and this report those other 3 key things that stands out for me to stay the variables on the excess ehraf the foama reimbest of your memorieses and transfer tax potentially passage of prop c and how that would impact our projection. I look forward to learning more and seeing when it is close are. I also look forward to seeing the 5 year projection and help us understands. I dont see anymoring names on the roster. And i dont expect you have a magic wand and bring us very, very different news. I think this was for those of us including you know supervisor walton and president supervisor peskin i think tracking for a Time Temperature is not too far off from what we already knew from last year. We appreciate it. And thank you very much for your work and with that go to Public Comments on this item. Yes, we invite the public who joined us who wish to speak on this hearing on the sick month budget status report to approach and i will start your time at two minutes. First a quick comment, i was happy to seat irish flag raising Sexual Harassment earlier today begin leadership ireland shown in supporting human principles. They did not have the inconvenience of additional security measures that you see in france and other countries. The hotel tax a pierce absorbed by the health and welfare realignment i wondered what was the realignment and the Hotel Tax Rate and does the growth up rate of revenue include air b b and tax amounts thank you for comments. If you have members who wish to address the Committee Regarding this hearing . That completes our queue Public Comment is closed. Colleagues i would like to file this make the motion to file and file this hearing and with that, second. Yes, i need a second. Roll call. On that motion vice chair chan seconded by supervisor peskin this hearing heard and filed. Vice chair mandelman aye member melgar. Aye yooch member walton. Aye member peckin. Aye. Member chan aye we have 5 that concludes our business. Youre watching San Francisco rising with chris manors. Todays special guest is mary chu. Hi. Im chris manors, and youre rising on San Francisco rising. The show thats focused on rebuilding, reimagining, and restarting our city. Our guest today is mary chu, and shes here to talk with us about art and the San Francisco art commission. Well come, miss chu. Thanks for having me. Its great to have you. Lets talk about art in the city and how art installations are funded. The Arts Committee was funded in 1932 and support civic review, design investments and art galleries. Projects we have are funded by the citys art enrichment ordinance which provides 2 of Construction Costs for public art. So art is tied to construction. Theres been a great deal in the southwest of the city. Can you talk about some of the projects there . Sure. Our city has some exciting projected in the bayviewhunters point coming up. One artist created a photo collage. In the picture pavilion, one artist formed a collage of her oneyear residency coming together with residents, and anchoring the new center is a landmark bronze sculpture, inspired by traditional ivory coast currency which the artists significantly enlarges to mark that its a predominantly African American community in bayview hunters point. Are there any art installations around town that uses light as a medium . Yes. The first is on van ness between ofarrell and geary. Its funded with the m. T. A. S van ness geary street project. Another project is for the central subway. It is one of ten artworks commissioned for the new line. Its over 650 feet long, consists of 550 l. E. D. Panels between the powell street station and the union street station. Its called lucy in the sky, and the lights are patterned with unique sequences so that commuters can experience a unique pattern each time they pass through. Perfect. What about the early day sculpture that was removed from the civic center . This is a question that cities have been grappling with nationwide. Following the removal of early days in 2018, there was a toppling of statues in Golden Gate Park as well as the removal of the Christopher Columbus statue. We are partnering with the Parks Department as well as the community to engage with the public to develop guidelines to evaluate the existing monuments and memorials in the civic arts collection and evaluate the removal of a monument or statue but also installing new ones. Finally, it seems like the weather might be nice this weekend. If i fancy taking a walk and seeing some outdoor art, where would you suggest i go . Well, i would suggest the embarcadero. This work was commissioned with funds from the fire station 35. This suggests the bow of a boat and the glass panel surrounding the structure depict the history of fireboats in the bay area. And where can i go from there . Then, i would walk up to the Justin Herman plaza to check out the work of the art vendors. Then check out the monuments like the mechanics monument. Also, be sure to check out the poster series, installed in bus kiosks along market street, which features four artists each year. Well, thank you. I appreciate you coming on the show, miss chu. Thank you for your time today. Thank you, chris. Thats it for this episode. Well be back with another show shortly. For San Francisco t. V. , im chris manors. Thanks for watching. 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