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Transcripts For SFGTV 20130313

These work, supervisors, when they were established, we took a snapshot as to how much general fund money these departments received during that year and we grow that amount based on the growth of these general Fund Revenues so in the current year for the municipal railway, we have approximately 154 million that is appropriated to them and an additional 58 Million Dollars for parking and traffic, similarly with the library, 53 million, children services, 115 and this particular baseline is the only one that we overfund that is we provide them with more dollars that is required by formula. The Public Education services baseline, we need to maintain the level of funding that was provided to the school during the years during that 6. 7 million and then re are the amounts for the Public Education enrichment fund. So, taken together, all of these baselines amount to 450 Million Dollars of discretionary funds. And then similar to those baselines, we have others that are specified to be certa

Transcripts For SFGTV 20130315

The Budget Stabilization reserve is our side by side reserve that was created dlu the financial policies through the board of supervisors and it was crafted so that we can continue to put away money in a reserve and be able to withdraw it a little more flexibly than a rainy day reserve allows, we cannot make changes to the rin nee day reserve without going to voters whereas this is locally sponsored and with twothirds vote, we can make changes to the rules of this particular reserve. Again, it augments the rainy day reserve, and itss a designated, mitigates some negative effects of downturns or service requirements, 75 so, the deposit rules are that 75 of certain revenues including property transfer taxes above the average of the last five years are deposited into this reserve, so if we have a very, very high year of property transfer tax, you hear the controller tell you year after year that these are volatile, we cant dountbacker count on them continuing, so 75 of that growth would b

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