Welcome to countdown. Im anna edwards. Just pass 6 00. Bloomberg reporters are standing by across the world, ready to deliver the stories. Hans nichols is covering pfizers bid for astor zeneca. David tweed is in berlin covering airbus and earnings are breaking now for that business. Big with countdown for interviews. First, an exclusive interview live from the Goldman Sachs india idea summit. Who would hear from the head of International Asset management division, coming up later. Ceo, we will speak with the peter long, right after those earnings break at the top of the next hour. We will also get numbers from easyjet as well as insight into those numbers from the ceo of the lowcost airline. Be releaseds will in about 58 minutes. Sweetens planning to its bid for astor zeneca as the ceos of both Companies Face their first joint trial and the u. K. , testimony. Hans nichols has the details from westminster. Hans . Anna, good morning to you. We will find out after this hearing potentially
Remaining balance on the citys state revenue last reserve fund of [speaker not understood] 810,605. We point out we recommend approval of that 6. 6 million. We are recommending approval of 3,8,000,9 34 shown on page 5 of our report. And that is for monies that would cover unavoidable or already incurred costs. And then the balance of 3,580,4 61 which is shown in table 6 on page 36 of our report, we consider that to be a policy matter only because the board determines the priorities of what should be expended from the city state Revenue Reserve lost fund. So, our recommendation are on the bottom of page 36. We recommend that you amend the ordinance to delete the Human Service agencies, appropriation for inhouse supported Services Administration and reduce a million 114,76 total requested appropriation by 581,300. That would reflect revised total of 5 34,0 06 remaining for the department of Public Health. And we recommend that you amendedth proposed ordinance on page 2 to reduce ,169,175
Thank you. We have ms. Howard here from our Mayors Office of budget. Good afternoon, supervisors, kate howard, [speaker not understood]. Im here before you to approve an event over the supplemental thats before you appropriating fund from our state revenue lost reserve to a variety of programs that were reduced in the governors budget last year. I also have with me staff from the Human Services agency, the department of aging Adult Services, juvenile probation, the department of Public Health, and the Arts Commission in the event that there are specific questions about any of the appropriations. As you will remember, last year the governors budget proposed and it was adopted by the legislature a number of reductions in both local revenues and direct cuts to services that affect the city of San Francisco. In anticipation of those cuts, the city appropriated 15 million pending final approval of the budget and so those funds are set aside in the event of state cuts. We are recommending in
The city state Revenue Reserve lost fund. So, our recommendation are on the bottom of page 36. We recommend that you amend the ordinance to delete the Human Service agencies, appropriation for inhouse supported Services Administration and reduce a million 114,76 total requested appropriation by 581,300. That would reflect revised total of 5 34,0 06 remaining for the department of Public Health. And we recommend that you amendedth proposed ordinance on page 2 to reduce ,169,175 offsetting appropriation from state loss Revenue Reserve by the same 580,300 to 6,589,585. And our second recommendation is to amend the ordinance on page 2 to delete the 1,800,000 source of funding for the children with families commission. And on page 5 to delete that same 1,800,000 appropriation no longer needed by the commission. They have sufficient funds in their budget. So, its not under budgeting that. It would be fully it would be fully budgeted. Its simply that in this request its no longer needed. And
To this . How will you cobble together your budget in the future to that would be part of costs of operating so we will make adjustments to the grant. We will look at amortizing that over a lot of Funding Sources. We anticipate, because we get a lot of different grants, that the 2,000 a month amortized overall of the Funding Sources will be very small. So there wont be any impact on programs at the department. You mentioned you are required to have some lead certification in your construction and building in your furniture. Where do those come from, are they actually mandates or things that you aspire to do . That is part of the environment code. All municipal projects as of 2011 are required to be lead gold. Those are city requirements, that all are required to follow. We actually have a lead consultant, simon and associates that guides us through the lead process and helps us figure out where we can get points while we are doing the value engineering. Simon and associates i believe w