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SFGTV Retirement Board 5916 May 14, 2016

Commissioner cohen is expected later. Commissioner meiberger. Commissioner bridges is on her way. Commissioner driscoll, exhibitioner makras, commissioner stansbury. A quorum is present. Thank you mr. Secretary. First on the agenda is a private session regarding investments. The chair will entertain do you want Public Comment first . How do you want it . First well talk Public Comment to go into private session. Members of the public, shall have the opportunity to address the board on this item. The items are investment items to be discussed in closed session. Any member of the public like to address the board at this time . Hearing none, the chair will entertain a motion to go into closed session. Second. Moved and seconded in closed session. All in favor say aye. Any opposed . The aye have it. So with that note, i raise the quorum. Weve already done the pledge of allegiance ....

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SFGTV November 17, 2014

Overall i believe the process is in place and followed by the system, set by the city and county and we have looked at that, we also confirm the balances with them and evaluate the investment pools that the department, the system does rely and have on their Financial Statement captioned. Does that answer your question in yes. So you have looked at the general process . Yes. Thank you. Any other questions from commissioners in i know there were no adjustments for the materiality factor but were there any past adjustments or misstatements. No. Any other questions . Before we go to Public Comment, i would like to thank you for submitting a clean audit. Many years ago we did not have a clean audit. Thank you very much. Congratulations. Any is there any additional Public Comment . Seeing none,
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SFGTV November 13, 2014

Totally being reconsidered and relooked at as you imagine by the Mayors Office they have not put out instructions yet about any actual cuts that we need to make. This fiscal year or how it would roll into next fiscal year. We expect that to happen sometime around christmas and i hope i can come to you in january to give you information on what our instructions are. If the reduction exceeds the savings we are going to have to do a major reallocation of our expenses. That is a concern and its as i mentioned to senior staff and others its a tight budget this year. We knew that going in after we went through the budget analyst process and we have to be really cognizant of that. But that doesnt mean we cant in next years budget propose things that are really necessary in order for the department to continue operating in a way that is it needs to be for our employers. Any questions . What is the amount . Approximately 50,000. Its about 4 ....

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SFGTV November 15, 2014

The general fund statements we just presented from 92. 8 million as of june 30, 2014 , we are projecting to have it increased to 81. 1 million. The general Fund Administrative budget, this is three 3 months is very difficult doing projections because a lot of the expenses are not things that are allocated across 112 every month. Right now we are projecting a balance of 50,000 for the yearend. We have staffed up and we continue to staff up. We have obligations for contracts that we need to meet and then the big unknown is with the passage of prop b that wasnt considered in the mayors budget because it was placed on the ballot after the mayor and the board finished the 1415 budget. So that is a whole. It was estimated a couple months ago as 20 million shortfall to the general fund. Initially that was allocated to department based on a formula of 1. 5 percent of the general fund budget. However, that is totally being reconsidere ....

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SFGTV May 7, 2014

The subject line sf budget town hall or budget town hall, you can tweet the mayor at mayor ed lee, using the hash tag sf budget or you can post comments on mayor lees youtube page. Im going to put together some of the things all of you said and talk first about city workers salaries and benefits that take up about half the citys budget and that leaves the greater question of how much discretion, mayor, when all is said and done, we talk about an 8 billion dollar spending plan, but on a practical level what you are really dealing with is a much smaller piece of the pie and how to work the benefits and salary fit into that. They very strongly feel that they deserve some good tidings this year after going through the recession and experiencing a lot of pay freezes. One of the, i think one of the nice things about budget season, theres a lot of things that dont look nice during the budget when were arguing over priorities, but i do enjoy, having been a veteran of city work force for over 2 ....

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