[inaudible] or whether or not we would be getting [inaudible]. Not in the materials that i went through tonight, but yesterday i sent an email with scenarios and calculations to you. Its hard to tell because its speculative. We dont know what the among other things, we dont know what the policymakers of the city would do in the future, including the near future about making draws or appropriations to the district under the current language so its part of this depends on one zone predictions about how likely and for how long the city would continue to appropriate funds from the rainy day reserve to the district so in my view, it is certainly not guaranteed that the city would continue to make appropriations to the district as theyve done for the last four or five years, at least indefinitely, especially as our own revenues hopefully will continue to increase as the lcff rolls outs and gets implemented. We could see that each year wed certainly make the case, but even in bad years weve h
Problem. If thats done im okay. Any other questions, comments . You mentioned none of this is set in stone, so can we 60, 40, instead of 75, 25 . Just kidding. My suggestion about this is [inaudible] or whether or not we would be getting [inaudible]. Not in the materials that i went through tonight, but yesterday i sent an email with scenarios and calculations to you. Its hard to tell because its speculative. We dont know what the among other things, we dont know what the policymakers of the city would do in the future, including the near future about making draws or appropriations to the district under the current language so its part of this depends on one zone predictions about how likely and for how long the city would continue to appropriate funds from the rainy day reserve to the district so in my view, it is certainly not guaranteed that the city would continue to make appropriations to the district as theyve done for the last four or five years, at least indefinitely, especiall
Percent of the current balance and the district would receive 25 percent. And then if the say if and when the city in any year where they would make an additional deposit to the reserve then the same per centages would apply. In other words, we would use the funds to avoid lay offs rather than rescinding lay offs and thats proving to be a very process. The second change is who decides whether a draw should be taken. This change would allow the board of education without needing approval to decide to take a draw under certain conditions. The third change is that all of this is subject for the board to weigh in on and none of it is set in stone. Its just proposals were bringing to you. The third is to increase the withdrawal allowance from 25 percent to 50 percent. Now, this would be 50 percent of the districts reserve, of the district portion of the reserve. And then here are three, possibly among others, but three different options for conditions for the withdrawals so one is to in a w
Deputy superintendent. Were going to press our luck with a third powerpoint presentation. We know how you all love powerpoint, but this is going to be a brief presentation. At least its only six slides long, so hopefully it wont take terribly long, but we did want to do a couple of things this evening, just the latest in a series of discussions that weve been bringing information to the board about renewal effort for the Public Education Enrichment Fund so one is to provide a process update, kind of where things stands in the proceedings, especially over at city hall with respect to the drafting of legislation that would extends the Public Education Enrichment Fund and create Collaborative Structures and and secondly we wanted to have a discussion regarding some possible changes to the rainy day reserve, which is a future of the current city charter and weve provided some information to all the commissioners in prior meetings about some of the concepts in the rainy day reserve. I think
Reserve, but those would need to be made through a Charter Amendment which would require a voter approval. The process for that is because this is not a component thats related to any legislation thats been introduced, then additional legislation would need to be introduced by the mayor or supervisor, and that would need to happen by next tuesday. If it is introduced, then by the citys process, that language could be incorporated into a single ballot measure, along with peef and perhaps Childrens Fund and the childrens of family counsel as well. That remains to be seen. Just a recap of the provisions, one this is about how money gets into the reserve under the existing language so if year to year growth in the city general funds, total revenues exceed 5 percent, in other words if the growth is more than 5 percent, then half of the xe excess above 5 percent is directed to the rainy day reserve. Thats how money makes its way into the citys rainy day reserve and thats not proposed to chan