Page 50 - Budget Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome to the board of supervisors San Francisco budget finance subcommittee for wednesday, april 9, 2014. My name is march farrell im joined by vice chair supervisor mar and supervisor avalos i want to thank the staff for covering this meeting and clerk linda wong and madam clerk, any announcements . Phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room and this agenda will appear on the next meeting. Item one is a resolution thats needed for the agencies to a participate in th...

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 ...

And the and five Million Dollars and budgeted the support to the sites under mtsf and increase by 4. 4 Million Dollars. And i just want to point out there is a new chart, and a new exhibit, and in the book that shows the resources under these central allocations that each school receives. And increases in the retirement and that is about 4. 3 Million Dollars. And special education, as we explained, and the last time. And because of the 13, 14 contribution coming in. Slightly lower than what was budgeted and comparing that level to the contribution for 14 15 it shows a 4. 1 million increase and...

Increase in the 14, 15 expenditure budget are due to a number of factor and most that are highlighted that the salary and related benefit increases due to the collective bargaining that is about ten Million Dollars. And that is built into the budget. That sight based allocations and the and five Million Dollars and budgeted the support to the sites under mtsf and increase by 4. 4 Million Dollars. And i just want to point out there is a new chart, and a new exhibit, and in the book that shows the resources under these central allocations that each school receives. And increases in the retiremen...

Change the local lcap process to become a year round context building and it is not so important what we plug into the template especially what numbers we plug into the template, if we have done the out reach and the communication and the sort of Educational Campaign with our community internally and in the School District and the schools externally, too on a continuous basis, because it is the only way that we are ever not be rushing. And it will not have anything to do with us. It has to do with the fact that in a budget cycle, which we all know is extremely difficult for us in the old syste...