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
And engaging Pilot Program and id also like to thank you for your vision in adopting this program back in 2011 because it really is a tangible example of our Good Neighbor policy in action and id like to start quickly by explaining the implementation approach and you initially identified 3 sites for us to explore urban agriculture or growing food on land and work closely with the local communities as well as with our Sister Agency at rec and park that now houses this broader citywide Agriculture Program to ensure that our work not only helps bring benefits to the local areas but also these broader citywide goal and see in so doing what is the landscape of existing food growing in the city and whats missing and we asked the communities of the local sites what can the puc as the water power sewer help contribute to those broader goals and efforts and the first phase is the learning garden in be r. N. Na l heights and what you are looking at is a rendering from the Landscape Architect and
Current ratio is that even though we show it on our budget variance report to you, its not a requirement. It doesnt say that we absolutely have to keep a certain level of can reserves given how much revenue were generating within the year versus taking fund balance out of the equation so the money is actually held in reserve and invested with the the citys treasurers pool and not idol or lost in that regard but showing that the 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
Changing the expense side. That is happening right now. I think that is an area where you could see some consensus. One that i also think was messed in the whole debate over obamacare. Frivolous lawsuits. There is some issue with regard to the federal versus state role. There is a clear opportunity to reduce cost. The Budget Office has laid it out for us repeatedly. It is over 50 billion over 10 years. There is some areas here where you can find some common ground. What about Medicaid Expansion in your state . This is a decision that our state made. The governor and legislature. We will see what happens. My concern has been that i think these important programs, unsustainable programs on the entitlement side, need to be addressed. A vital program, but we need a way to pay for it. Right now, these programs, medicaid, medicare and social security, are not sustainable. I am curious that some in the other party are talking about expanding these programs at a time when they are already look
For the others. Okay. Next item. Item 12 b, update on proposed legislation. Bill sterns, commissioners, again i think weve gone through some of the Key Highlights already. Pat 36 already filled in on the seismic retrofitting. I would say as i understand it supervisor kim has come trailing legislation also tied to the retrofit on hardship through issues and that will help at the committee when at the board during the month of september. Im told the Land Use Committee and full board will probably approve those amendments relative to the board of examiners and some of those technical issues that mr. Roslyni just described to you. That will get approved in the next month. On our side i will say that we have now published through the reproduction office in english, cantonese and spanish an information borrow brochure on the retrofit program. Well begin handing those out in chinatown when director was showing off his ping pong skills this past saturday. A number of people are beginning to pi