Fiduciary duties around investments if you recall a representative of the treasurers did not come and explain how were a part of the large pool of funds and forgetting but still some outstanding questions at least from a board stand point i think that and over attorney will advise us on we may need to address in addition he wanted to you requested of the City Attorney to give the board kind of and then he hope the public who are here in the audience and those who might see that as a late point about the duty of the fiduciary and the multiple of that board sincerely does indeed guide our action and Decision Making lots of and lots of guidance from the Mayors Office from City Attorneys office how to behavior and not have conflict of interest and so on and so forth annual letters around that stuff some core fiduciary requirements this board has that is unique to this board and its role administering the trust fund for the members members of the city and county of San Francisco that are pa
Guidance on one of the turns of reference that we approved as a board a little bit more than 9 months ago it was regarding our fiduciary duties around investments if you recall a representative of the treasurers did not come and explain how were a part of the large pool of funds and forgetting but still some outstanding questions at least from a board stand point i think that and over attorney will advise us on we may need to address in addition he wanted to you requested of the City Attorney to give the board kind of and then he hope the public who are here in the audience and those who might see that as a late point about the duty of the fiduciary and the multiple of that board sincerely does indeed guide our action and Decision Making lots of and lots of guidance from the Mayors Office from City Attorneys office how to behavior and not have conflict of interest and so on and so forth annual letters around that stuff some core fiduciary requirements this board has that is unique to t
Topics and we will precede accordingly, i made a request of our City Attorney to while back over a year ago to give us guidance on one of the turns of reference that we approved as a board a little bit more than 9 months ago it was regarding our fiduciary duties around investments if you recall a representative of the treasurers did not come and explain how were a part of the large pool of funds and forgetting but still some outstanding questions at least from a board stand point i think that and over attorney will advise us on we may need to address in addition he wanted to you requested of the City Attorney to give the board kind of and then he hope the public who are here in the audience and those who might see that as a late point about the duty of the fiduciary and the multiple of that board sincerely does indeed guide our action and Decision Making lots of and lots of guidance from the Mayors Office from City Attorneys office how to behavior and not have conflict of interest and
Balances to fully funded it has to be large enough to pay for the costs as theyre due and thus, the cities total payroll costs cant go over 10 percent. They must allow the payment and theyre limited to no more than 10 percent of the cities account or the governor and the trust board passed it. They would allow only if the agrees fund account or twothirds of the agencies Funding Board and the trust board productive. A yes vote means you want to change the charter from the Health Care Trust funneled only under specified circumstances a no vote i dont want to make those changes. Im here with supervisor marking feral and he proponent of preparing thanks. Having me. Id like to start with supervisor farrell why do you believe this prop a is important i started working on this when our city controller said we have a 4. 4 blindfolds liability. Number one we have retirees who worked long and a hard tossed the city of San Francisco and workers that are feasor full. Thats something we want to avo
Hi, im with sfgovtv im here to discuss prop a that will be before the voters in tuesday the health care truth fund was for health care correspondents that would substantially there. The 5 member board passed the fund they mate not use the fund to pay for the costs until january 20, 0200. Preparing will allow the bodies to make payments from the fund only as the cities account balances to fully funded it has to be large enough to pay for the costs as theyre due and thus, the cities total payroll costs cant go over 10 percent. They must allow the payment and theyre limited to no more than 10 percent of the cities account or the governor and the trust board passed it. They would allow only if the agrees fund account or twothirds of the agencies Funding Board and the trust board productive. A yes vote means you want to change the charter from the Health Care Trust funneled only under specified circumstances a no vote i dont want to make those changes. Im here with supervisor marking feral