Supervisors agenda for september 27, 2016. Supervisor aaron peskin great. Please read items 1 and 2. Clerk [hearing civil grand jury maintenance budgeting and accounting challenges for general Fund Departments maintenance economics versus maintenance politics pay now or pay more later] sf 11234 2. 160614 [board response civil grand jury maintenance budgeting and accounting challenges for general Fund Departments maintenance economics versus maintenance politics pay now sf 21234 supervisor aaron peskin thank you. These items are reports to the civil grand jury. The first item is a hearing civil grand jury maintenance budgeting accounting challenges for general Fund Departments maintenance economics versus maintenance politics. Please come forward. My name is James Cunningham with the civil grand jury. Thank you, mr. Hopkins, good morning. Good morning. That was quite a deep dive. Thank you for acknowledging that. It was fun to prepare. In fact that report has 19 sets of fingerprints all
A concerted effort with cops and go funds and contributing as well to the sales tax increase to the San Francisco street resurfacing and committed to pavement conditions at 70 and we are on the way to hitting that in the next 2 years or so. We have a Capital Improvement for critical enhancement. We end up with the Capital Budget with the emergencies we had to fund, most notely with the landslides on telegraph hill. Its hard to plan for a landslide. So those are the types of things where we have to have Funds Available and we set aside 10 million a year to do that. And the variable allocation go to infrastructure renewels and facility renewels. I should mention there is talk about Critical Development go funds and now they are being paid through a revolving Capital Planning fund. That was actually a suggestion in the spur report years ago where we were not able to fund it until recently. Again, constantly the Capital Planning committee and various folks at looking at ways to keep this p
The Small Business commission to establish a legacy business registry, authorize an administrative fee for the registry not to exceed 50, and, for the next five years, provide a rebate to qualified legacy businesses that purchase the Real Property from which they operate and to qualified landlords that purchase the Real Property from which legacy businesses operate if the purchaser extends the term of the legacy businesss lease by at least ten years, in an amount equal to the transfer tax levied on the purchase. Okay, thank you, this item is sponsored by supervisor campos and so we will turn it over to him. Thank you, for your cosponsor ship as well and this is an item that we have been working on to address a very real issue that many long time San Francisco businesses that have been in business for decades in San Francisco, what we are calling legacy businesses, are pacing a lot of challenge, and being able to stay in San Francisco. And there are models in other parts of the world wh
And a half percent of revenues, and for the schedule, and pretty existing policy to increase by an additional 2. 5 percent over the next fiscal years and reaching a cap of two percent of fiscal year, 1617, while the general reserve is a reserve that covers losses that occur in a single fiscal year, stabilization reserves are intended to really help the city through the economic cycles and we have two of these, and former supervisor tom amiano proposed and adopted a rainy day reserve for the city in 2004. And that gets fed with extraordinary Revenue Growth during the good times and gets drawn on when the revenues decline, and then five years ago we established a secondary stabilization reserve that compliments that which we called, very cleverry the Budget Stabilization reserve. Those two reserves together, get fed during good times and get drawn down by the city to mitigate the cuts in bad times, our current balance between the two reserves, given our audited financial close for the la
Valet parking stations to insure the Consumer Protection and maximize tax receipts, any questions . I want to say thank you for bringing this forward and like forward for more of this stuff to come. Thank you. We will open it for Public Comment. Anybody wish to comment on item five . You wish to comment . You can come to the podium . inaudible okay, thank you very much, any other member of the public wish to comment on this item . Okay, Public Comment is closed, motion to send this item forward . Great presentation and i move this item forward. Without objection . Okay. Madam clerk, could you call item number six . Ordinance amending the administrative code to revise the binding financial policy under charter, section 9. 120, regarding a general reserve and required funding levels, and to update provisions regarding the rainy day reserve fund. Okay, thank you, we have rosa field our controller to speak on this item and we want to thank him and his entire staff for all of their hard wor