11 million in non housing funds for bond proceeds and ill touch on those again and then as part of this solution, we complete our obligation, Affordable Housing, significant assets, and those all get transferred either to the private development community, auction sale, pursuant to those contracts or in many cases, certain assets like gardens, south beach and completing those and transferring them to the city. Moving onto slide three, ttrends overall in our budget. Our total budget is 377 million. Its still 50. 6 ftes down from discollusion from two and a half years ago. That one time transfer to the city because of the steps through dissolution is complete. The issue is the Key Development in our areas and theyll be a lot of development fees, Land Transfers that will be pumped back into those Key Development areas, miss bay, trans bay. A third of our budget was for Affordable Housing, everything from 4 million homeless to working families. Because we have created that certainty, almos
The mission bay agreement for infrastructure and that tax increment for the folsom street and then that loan back to city. Moving on. You see 50 percent of the uses for housing, both for program work and other fees like we get like the ucff services and that will go back into the funds. We expect help from the Controllers Office to provide for additional saves, four to six million by 2018. More savings to the general fund. And just drilling down to the actual use of property tax, the new, new property tax. That 5 million, its nominal for rsp going on. In summary, slide 16, a slight increase but well the 3 percent cap on administrative cost, were using other sources to make sure there are other appropriate uses of the valuable property tax for the citys general fund. Slight increase in terms of salary. Its because of the acceleration and the work program well over a billion dollars of activities contracting, construction under way right now with a really lien efficient staff at 50. 6 ft
The folsom street and then that loan back to city. Moving on. You see 50 percent of the uses for housing, both for program work and other fees like we get like the ucff services and that will go back into the funds. We expect help from the Controllers Office to provide for additional saves, four to six million by 2018. More savings to the general fund. And just drilling down to the actual use of property tax, the new, new property tax. That 5 million, its nominal for rsp going on. In summary, slide 16, a slight increase but well the 3 percent cap on administrative cost, were using other sources to make sure there are other appropriate uses of the valuable property tax for the citys general fund. Slight increase in terms of salary. Its because of the acceleration and the work program well over a billion dollars of activities contracting, construction under way right now with a really lien efficient staff at 50. 6 fte and key focus of our programs to benefit the communities that we serve
The mission bay agreement for infrastructure and that tax increment for the folsom street and then that loan back to city. Moving on. You see 50 percent of the uses for housing, both for program work and other fees like we get like the ucff services and that will go back into the funds. We expect help from the Controllers Office to provide for additional saves, four to six million by 2018. More savings to the general fund. And just drilling down to the actual use of property tax, the new, new property tax. That 5 million, its nominal for rsp going on. In summary, slide 16, a slight increase but well the 3 percent cap on administrative cost, were using other sources to make sure there are other appropriate uses of the valuable property tax for the citys general fund. Slight increase in terms of salary. Its because of the acceleration and the work program well over a billion dollars of activities contracting, construction under way right now with a really lien efficient staff at 50. 6 ft
Analyst. The department appreciates the support of the Mayors Office and the support of the public and the Budgets Office as we continue to serve public safety. Ill take any questions. Colleagues, any questions. Seeing none, mr. Rose can we go to your report speaker mr. Chairman and members of the committee, on page 91 of our report, our recommended report totals 161, 462 in 1415 and these reductions will allow an increase of 1 million or 4. 9 percent. Our reductions in the budget to theal 194, 833 in 2015 and 166, 538 are on going savings. These reductions will still allow an increase of 3 million or 5. 2 percent. As the director stated, were working with the department and well report back to the committee next week. Okay. Thank you, mr. Rose. Colleagues, any questions for mr. Rose or the staff at this time. Okay. Well see you back here next week. So at this point in time, were done with our Department Budget for today. Should we continue items 1 and 2. We have a motion to do so and