Off of the power procurement process and i think its key and critical and im not going to disagree with keeping the the 90 days in the timeline but be ready for it to to go quicker that way were getting everything done and i had two more comments making sure while staff is checking in, if theres a window where they are not checking in, we should make sure its being agendized and there will be regular questions that should be asked and regular times to check in and finally ensuring or engaging with labor as quickly as possible and those discussions and id encourage us to get those discussions going tomorrow but calling them tomorrow and saying can we get these meetings rolling again and starting that process again. Thank you. Thank you jason. Next speaker is eric brooks. Are you starting the clock already . Hi commissioners. Eric brooks San Francisco green party our city San Francisco and cocoordinator and first ill say the good part which is this is pretty goodlooking document. This is
There will be regular questions that should be asked and regular times to check in and finally ensuring or engaging with labor as quickly as possible and those discussions and id encourage us to get those discussions going tomorrow but calling them tomorrow and saying can we get these meetings rolling again and starting that process again. Thank you. Thank you jason. Next speaker is eric brooks. Are you starting the clock already . Hi commissioners. Eric brooks San Francisco green party our city San Francisco and cocoordinator and first ill say the good part which is this is pretty goodlooking document. This is getting towards what we need we need to happen. A quick side note something that will speed all of this up im sure i do not know why were not talking about hiring kim malcolm back. Her work is stellar and we need to hire her back and that will save time on on job search and im happy that director kelly feels like he has the capacity for this but we need somebody who really knows
That way when the time comes you can get the rfo out quicker and it will save us 2 months off of the power procurement process and i think its key and critical and im not going to disagree with keeping the the 90 days in the timeline but be ready for it to to go quicker that way were getting everything done and i had two more comments making sure while staff is checking in, if theres a window where they are not checking in, we should make sure its being agendized and there will be regular questions that should be asked and regular times to check in and finally ensuring or engaging with labor as quickly as possible and those discussions and id encourage us to get those discussions going tomorrow but calling them tomorrow and saying can we get these meetings rolling again and starting that process again. Thank you. Thank you jason. Next speaker is eric brooks. Are you starting the clock already . Hi commissioners. Eric brooks San Francisco green party our city San Francisco and cocoordin
Credit markets that were able to with stand now and the water enterprise. Some of the reserves, once you have built them, you dont have to keep build them. Thats right. You can fill it up and stop filling it up at some point when you think you have enough so that when we talk about the amount of money that needs to be added its a target to achieve over time. Thats right. Are you suggesting that you would be coming back to us at some future meeting with proposed changes to the reserve policy . I think based on this conversation, if there is if it sounds like that is something that would be acceptable i would at a minimum request adding the Current Ratio to our policy i think that would be a prudent thing r if us thing for us to do at a minimum. At what level . At least 1. 0 and that will show the credit markets that were not only watching our fund balance levels but that were actually looking at our operating revenues within the year and we do show that as part of our budget variance re
That minimum level doesnt unfairly burden the rate payers meaning if we set rates higher than minimum thresholds it and thats a promise to the rate payers and we want to make sure were collecting moneys to pay the bills and infrastructure work reserves are important but we want to balance the need to have an appropriate level of reserves and thats more the point. Future considerations we wanted to share with you ideas theres no action items for your consideration i think what wed like to hear from you is whether you feel an update may be warranted and well bring that back for your consideration in the future and one idea is looking at the different components of the reserves and increasing from 15 to 25 percent as an example and that would move us from 2 to 3 months of reserves and the typical agency has between 3 to 6 months of reserves set aside and were on the lower end of that and one consideration that we could bring back to you is to increase our reserve levels from the 2 to 3mon