morning, supervisors. happy new year. we are with the community planning group responsible for allocating federal dollars. as a part of our deliberation, we are required to look at the needs of people who live with hiv, including underinsured and low-income people. we have reduced services as our federal grant has dropped. i want you to hear from us on the planning council that there are no other cuts that can be made to these life-saving services without losing essential programs that are keeping people with hiv alive. these are budget cuts that can very well mean life or death for people living with hiv in san and cisco. we are asking for your support for this short term replacement of federal funds and we look forward to working with you, the health department, and the

mayor's office, to come up with longer-term solutions. supervisor chu: thank you. next speaker. >> good afternoon, supervisors. my name is douglas. i would like to speak on behalf of this ordinance. it is something that is necessary. the month -- the money would benefit so many patients. as a precaution, i would like to thank the budget analyst for revising the amount downward. i am sure that he had good reason to. i think that this is a good idea, revising the amount down word, for whatever reason he sees fit. to use this money effectively, i would like to say for -- who knows how many times -- the department of public health must be closely monitored to avoid inefficiency. in my 20 years of expense --

expertise -- experience, i got into many difficult questions surrounding waste and inefficiency. that if we were going to use this money for the benefit of the patient, we should closely monitor the department of public health. i will make the recommendation that they must be audited formally as a complete unit and, according to my information, that has never been done in the history of the d p h. let's do the audit and use the money effectively so that the patients benefit the most. thank you. supervisor chu: thank you. are there any other speakers on this item? item number four? seeing no one, the item is closed. supervisor kim? supervisor kim: how much money is currently left in our state revenue fund now?

maybe i will ask my second question as well. how much more do we anticipate, given the recent needs from the state? i want to get a sense for what we have lost and how much we are expecting in supplementals before the 30th of june. why is it that we are not de appropriating the entire amount, given that the adult day health centers are now funded by the state? >> to the chair, supervisor kim, as shown on page 3-4 of the report, if you approve and then fine return on the balance, 1.5 million back to the state revenue last reserve fund,

there will be a new balance. however, i would add that this comment was written without our recommended reduction of the $200,000 plus, so you would add an additional $200,000 to the $13.2 million balance. supervisor kim: that was my misunderstanding. i thought that we were only de appropriating the amount that is now being requested. but it is the entire dollar amount? >> correct. the balance would go back into the state revenue reserve fund. supervisor kim: this is the only supplemental be made to the state reserve? >> i would defer to the mayor's office about what they have pending before them. supervisor chu: from the mayor's

budget office, i believe that we have allocated a certain amount for the adult day care. it wound up not being used. there was a previous request for child care subsidies, but that was not the source of money. it was actually through dpys. i believe that that is all for now supervisor kim: i what -- for now. supervisor kim: i wanted to get a sense of what we might be anticipating, since there are so many worthy funds to come before us. >> good morning. we are working on a six month budget status report, which will be completed likely on february 8, or thereabouts. part of that analysis, they are working for the upcoming week and it includes reconciling reserves. but we do not know about the cuts, the biggest picture beyond the reductions talked about here, there is continued uncertainty regarding a series

of losses of federal or state money and the department of public health. of course, there is the news regarding the dissolution of the redevelopment agency and the financial impact of that, which will be provided in the report. there are reductions that have been approved by the state legislature for other social service programs in social -- in san francisco. many of them have been approved by the courts, and they may ultimately wind up being implemented. and then there is the reduction where there are changes in a way that the city is required to reimburse the state for certain expenses for juvenile probation that are under way and somewhat driven by the population. those are the big picture costs that you have either not seen as supplementals -- many of them are still uncertain because they are being temporarily blocked by

the courts and they may not ultimately wind up being implemented by the state. we will give you a much fuller update on the reserve and the remaining cuts to be mayor may not see at the end of the fiscal year. supervisor kim: i do plan on supporting this today. i think that this is a good use of our state reserve loss funds. i think that these services are incredibly important. similar to adult day health care, a lot of the services that people depend on through june until we can fear out how to fill in gaps. but it would be important to get a sense of the fund. i know that everything coming to us will be just as important to lots of members of our community. we want a sense of how we are looking at that overall $15 million. supervisor avalos: i will be supportive of this supplemental as well. i also want to make sure that we are doing our due diligence to

make sure that we can find the funding to keep the programs going into the next fiscal year as well. key life giving in life affirming services, we want to make sure we can carry on with them. supervisor chu: to lie detect a motion to amend the item as recommended by the budget analyst? a reduction from the $1,846,000 to $1,500,000? and the department agrees with that. we can take that without objection. on the item itself? supervisor chu: motion to send it forward. -- supervisor avalos: motion to send it forward as articulated. supervisor chu: i am fine with sending this forward, but i want to articulate my reservations about the certainty for funding in the upcoming year. we are competing with a lot of

different, very worthy causes, whether it is igshss or cuts to other programs. i am not sure what will happen in the coming year, it is to be determined. again, i hope that people understand that this one action to restore the full value of its for the remainder of this year, there is still a question as to what will be possible for the next year. i want to be sure that everyone's here is aware of that and that that is actually on the public record as well. i want to thank all the members of the public that came to speak on this issue. we have a motion and we will take that without objection. ok. just a notice on this item, since it was amended can i ask with the department to work with our clerk to make sure that we

have copies of any amended legislation? we have had problems in the past where we have not gotten be amended issue ended held up our agenda for the board. with that, we are adjourned. thank you.

>> good morning, everyone. i am one of the founders of foundersne end. this is a space for more entrepreneurs, technology and innovation. supporting it is near and dear to our heart. we are happy to welcome ron and mayor lee here. founders and that is almost one year old. we have had 40 companies come through here to raise over $40 million in venture-capital. without further ado, i want to introduce you to one of our most preeminent angel investors, ron conaway. [applause] >> thank you and welcome. for those of you who do not know me, i am a third-generation san

francisco and, for better or for worse. it was a decision my parents made in high school to move to atherton. i ended up staying there until three years ago and have been active in civic activities ever since. it is important to be involved in civic and philanthropic activities. my day job -- and i am still very active in this job -- as an angel investor investing in bay area companies when they are what we call babies. these are start-ups that have two or three people, and sv angels funds those start-ups. one of the starters -- smartest decisions i made was only to invest in internet and software. we have invested in over 600 companies, many of them in the

city of san francisco. for sure, today, we have set a record for any city in the country that has rallied and united the tech community to support collective, civic action. this never happened before. we are in the perfect storm with the election of mayor ed lee, to make this happen and to accomplish a lot. ed lee, as interim mayor, stepped up for the tech community, he kept twitter in san francisco, got private stock option tech abolished, with the help of david chiu, and convened last april the ad hoc council, which i know he plans to reconvene as mayor. it was not easy to get ed lee to run for mayor. warren hellman and myself, and i

know dianne feinstein and mayer brown as well, helped convince the end lead to run. it is one of the best meetings that warren and i have had, when we sat in his office for one hour, and we felt like we meant some headway, and we must have, because he is here. it is not a coincidence -- it is a coincidence, that the tech community it is following the example that warren hellman has set for this community. warren hellman and i were very close friends, and i think upstairs right now, he has a huge smile on his face. he cared as much about san francisco as any of us. he loved the tech community. a majority of his investments

were in tech. he really gets what we are trying to do, and we should advance his cause of civic engagement. after ed decided to run, the tech community rallied around him. in an effort today, not to lose any of them momentum, we are forming this organization called sf citi. we do not want to lose the momentum for the tech agenda in san francisco, and we think this is an exciting day for us. we heard from ed in his neck inauguration when he declared san francisco the innovation capital of the world, and that is the charter that sf citi wants to but -- promote. his inauguration speech was not just a speech, but a call for

action, and the tech community is responding today, less than one week after he gave that speech. we represent the new economy in san francisco, and with this partnership, we hope to create thousands of new jobs. that will be our first quarter. -- charter. we witnessed mayor ed delete during his inauguration be the first elected official as far as we know who ever treated during their inauguration. not only did he tweet, he tweeted an infographic. a couple of people stayed up all night creating this, and guess what, it is all about jobs. both of them are here, and we want to thank them. [applause] before i tell me more about s.f.

citi, i want to introduce our elected officials here. scott wiener, mark farrell, david chiu, the president of the board of supervisors, and christina olague, our newest supervisor. [applause] jane kim is here. awesome. we are in jane kim's district. jane and zynga have been the forbearers of the jobs issue, raising our consciousness about that. ed lee adopting that as well. there is somebody in the room, if we could of educated him fast enough, we could have had him stand here instead of me because he is the best speaker i have met. where is mayer brown?

[applause] -- mayor brown? [applause] if you were at the dinner last saturday or the inauguration, he can be a stand-up. ed lee announced jay knapf as the chief innovation officer. he is the chief innovation officer, but his nickname is chief heck officer. because we are going to adopt a charter to create jobs in san francisco, we want to think back to where jobs really originate, where people start their work ethic, and that is in grade school. we are to partner with community organizations in san francisco, and we have with us today chuck

collins from the ymca, robert connolly from the boys and girls club, and eric mcdonald from united way. as we grow, we will put in a structured programs to give kids a path to employment. now let's talk about the team that will execute our vision. that is our member companies, many of whom are here. in your packets, there is a list of all of our member companies. we could not be prouder of the number of tech companies in san francisco who have already joined s.f. citi. at 5:00 yesterday, we had 72 members. this morning, we had 85 members.

from 7:00 -- yes, we should clap. [applause] why don't any member company not standing, stand. [applause] this is s.f. citi, really not the people up here. it is the member companies that have adopted us. s.f. citi -- the power of s.f. citi is in our membership. from 7:00 this morning, the following companies have also joined who are not on a placard. yelp, rippleseed, advent, yammer, and we have added a new organization to s.f. citi, the black founders, who are here.

every time we have a new member company, it will go on our website. please watch the list grow. our member companies today represent 90% of the tech jobs in san francisco today. need this to say, we represent the tech community. let's talk about the structure of s.f. citi. i am going to be the chairman of the governing board of s.f. citi. the governing board members initially will be representatives from salesforce.com, zynga, and jawbone. there will also be an executive board for other companies to contribute donations to s.f. citi for the day to day operations. everyone in the tech community could not be more excited than our vice chairman of s.f. citi,

none of them heather hardy, a folk hero. [applause] >> she is already standing, so we cannot get her to stick out. heather was ceo of techcrunch, the company that announced 90% of these companies -- they announced their existence. techcrunch is the fabric of technology here in san francisco. heather just less rigid left the company and agreed to take the volunteer position as vice chairman of s.f. citi. before that, she was at news corp. and went to harvard business school. we are not holding out against her. in the meantime, we have an executive search going on for an executive director. in the meantime, it is important for everyone here to know that we have five people working

full-time already for s.f. citi in an interim capacity. judge ginsburg, brian brokaw, alex turk, kelley oil and, and the sixth wheel is takes after stain. i do not know anyone at "the chronicle." however, this team is very well connected, they do their job and produced this great article today with "the chronicle." we are in good hands with the day to day, because all of you know i am busy with my day job. we will be raising a budget to hire the executive director and donate money to other causes that fill our mission. code for america, who you will be hearing from, is an example of that. i want to talk about our logo

for a second. and our logo, which is right behind me, and there is a write- up in your press kit, has some tech folklore in it, too. it was designed by a twitter engineer and designer. andre is here, introduced to me by way of biz stone, the founder of twitter, and he uses standard coding conventions, using parentheses and semicolons, in keeping with tech and open source, the code designed by another member company employee at google. on the jobs front, which is what we would like to switch to and

talk about now, we think jobs is the biggest initiative where we can make a big impact on san francisco very quickly. today, there are 30,000 jobs in san francisco. the people in this room represent a huge majority of that. it is interesting to note, there is a migration of tech companies to cities nationwide. just in the bay area, in the sv angel portfolio, 50% of our portfolio was out of san francisco, 25% was here. that has put plot. the number of tech companies in san francisco has doubled, and now 50% of our pulp folio is in san francisco. -- flip-flopped.

social media and community websites, it is no coincidence. they have to be in cities with lots of people. mayor lee understands what the tech sector can do to help. he has a 17-point plan. probably a third of that has to do with job creation. mark pincus and zynga will be a key partner on that initiative. zynga will be the lead tech company on the jobs initiative. we have already started work on that. we know there is a skills gap, and an experience gap with the implied base in san francisco, but with training, we can fill those gaps and employ more san franciscans in san francisco. all of our member companies will

get their h.r. departments involved and analyze their hiring for the next year, give that to the zynga jobs team, we will aggregate those, and develop programs to employ and educate the job force to fill those positions. san francisco already has a great web site, hiresf, it's akin to monster.com, and the tech community will be going to the website to try to fill positions posted there. ed lee said in his inauguration is the year of the dragon. that represents confronting challenges and embracing innovation. that is what we are going to do. we are the city of the 100%. we are partnering closely with code for america.

we would not be a tech organization without a website. our url is sfciti.com. with the headquarters city of twitter, it would be heresy not to have a twitter handle. #sfciti. with that, i want to introduce our great mayor, mayor ed lee. [applause] >> thank you for that very detailed explanation. first of all, i want to thank the board of supervisors. they are my partners here. president david chiu, you and i, jane kim, have spoken, mark farrell, christine olague, have spoken in depth about what our future holds for us. i want you to know that i am sharing this excitement