Sfgtv for taping this meeting. Clerk, any announcements . Yes, chair, please silence all phones and submit documents to be submitted to the clerk, as today will appear on the may 33 meeting. Call item 1. Item 1, proposed budget and appropriation ordinance for selected departments as of may 1, 2014, fiscal yearending june 30, 2015 to june 30, 2016. Item 2, proposed annual salary ordinance for selected departments for yearending june 30, 2015 and june 30, 2016. Item 3, hearing for mayors proposed budget for selected departments, for fiscal year 20142015, and 20152016. Thank you very much, we have a continuing number of city departments coming before us, three departments, Child Support services, retirement system and municipal transportation agency, with that we will start with Child Support services. Good morning chair farrell and members of the committee, i am carol roy, head of child services, i would like to thank you for rin vieting the department to present before you today. In the
Do more to assist all parents in their effort to overcome barriers and to successfully compete in jobs. We understand that this requires a concerted effort and Child Support must be a part of that effort. We can and must do three things, continue to grow partnerships with other service providers, continue to grow and enhance Case Management to barriers that reflect our client demographics, and continue to develop realistic orders that are reliable and make sense for both parents. We have created initiatives to confront the challenges these parents face. In my experience a good budget offers Practical Solutions to the problem of its time. And Practical Solutions work. We have made meaningful progress, we have proven to our colleagues, our Child Support colleagues in other counties and other states, that fresh thinking leads to strong performance. Of the 58 california counties in San Francisco, San Francisco is ranked fourth in statewide collections. And although the majority of our pare
And the actuary value is 16. 3. Again we dont have to make, we are investing more money than the actuary assumes we have and make it easy to meet the target of 7. 5. And we are making 14. 5 through the end of april. Not predicting a dive in the market, that will continue to compound itself. What happens once we invest more than the actuary assumes and hopefully make the gap larger, and that we are meeting the required return assumption, b bah because we are able to invest more than the actuary. And they measure the assumptions and grow the trust based on 7. 75 as it was in the 200809. Can you remind me what we obligated as the city to fund, dont we have a requirement . Yes, there is a required per contribution that is currently 28 , and however with the cost sharing where the active employees based on their salary level have an additional contribution, the net number is 23 or 24. Is there a funding level market or actuaryial that we hold . The charter doesnt require that there be 100 f
To be submitted to the clerk, as today will appear on the may 33 meeting. Call item 1. Item 1, proposed budget and appropriation ordinance for selected departments as of may 1, 2014, fiscal yearending june 30, 2015 to june 30, 2016. Item 2, proposed annual salary ordinance for selected departments for yearending june 30, 2015 and june 30, 2016. Item 3, hearing for mayors proposed budget for selected departments, for fiscal year 20142015, and 20152016. Thank you very much, we have a continuing number of city departments coming before us, three departments, Child Support services, retirement system and municipal transportation agency, with that we will start with Child Support services. Good morning chair farrell and members of the committee, i am carol roy, head of child services, i would like to thank you for rin vieting the department to present before you today. In the interest of time, i will keep my remarks brief. The presentation i will provide today will be a highlevel review of
Am mark farrell, i will chairing this meeting, and want to thank sfgtv for taping this meeting. Clerk, any announcements . Yes, chair, please silence all phones and submit documents to be submitted to the clerk, as today will appear on the may 33 meeting. Call item 1. Item 1, proposed budget and appropriation ordinance for selected departments as of may 1, 2014, fiscal yearending june 30, 2015 to june 30, 2016. Item 2, proposed annual salary ordinance for selected departments for yearending june 30, 2015 and june 30, 2016. Item 3, hearing for mayors proposed budget for selected departments, for fiscal year 20142015, and 20152016. Thank you very much, we have a continuing number of city departments coming before us, three departments, Child Support services, retirement system and municipal transportation agency, with that we will start with Child Support services. Good morning chair farrell and members of the committee, i am carol roy, head of child services, i would like to thank you f