president heldfond you may the retirement meeting of august 14, 2024. >> roll call, please. >> president thomas. >> present.nt. >> driscoll >> bridges. >> present. you, quorum, mr. president. >> thank s apologize number one for the noise. anyone wants a good humor about this vocation, yoat happens to wamo in across that alley. i'll let all the horns went off. >> yeah. >> anyhow, let's do the next one. >> item number 2, communications. we welcome thn during public comment period. there will be an opportunitent at this meeting and there will be an opportunity to commaction item

on the agenda. each commis limited to two minutes. in-person and remotely by call-in.comment first by people attending erson and then remotely. comments are opportunities to comment period are available by phone by access pound again. connect that meeting discussions and you will be in listening mode only. when your item of interest comes up, to be on speaker line. speak slowly and turn down your computer. please note city policies prohibit ployees and others during public meetings and will more over public comment is d only matters within the jurisdiction of this body and we thank you >> thank you. >> item number 3 general public comment. a reminder that public comment

is limited to two minutes.any in-person public comment? on this item? seeing none, moderator, do we have any callers on thecretary there are no callers on the queue. >> thank you, callers, public comment is now closed. >> next item please. >> 4, action item minutes of july 10 20 >> move to adopt the minutes of july 10th meeting. >> thank you very much. and we'll call for public comment please. >> thank you do we have any in-person public seeing none, moderator are there any ca >> madam secretary, there are no callers in the queue.hearing no callers, public comment is now closed. >> okay. so it's been moved and seconded, all those in y aye. >> aye. >> those opposed say nay. motion passes. next item, but first of let me first of all, this

is--commissioner, you're here, okay. go ahead.to attendance of all the on so far in 2024 and it makes it makes to conduct our business and i really appreciate it. okay. >> thank yo5, action item consent calendar. >> move to adopt the consent calendar. >> second.secretary, you want to have--. >> i have one quest >> the travel request starts board meeting day, i just >> thank you. >> public comment. >> do we any in-person comment on the line?s on the line?

>> madam secretary, there s on the queue.is closeds. >> those in favor? >> aye. >> those opposed? motion passes. >> next item, vacancy on and approve proposed selection schedule.is a stit is an action item so o'connor's term expires on febthe standard process, the board needs tothis upcoming vacancy and approved a draft will be shared and finalized the election team we've put in the materials straightforward but happy address any questions that you may have. >> any questions or comments? i wish commissioner o'connor all the luck, and if you we appreciate your dedication to being a good commissioner.

okay. okay, is an action item. >> we need a motion >> >> second? >> second. >> is that a motion >> yes. >> thank you. >> do we have any in-person publ seeing none, moderator are there any callers >> madam secretary there are no callers on the queue. hearing no callers, public comment is now closed. >> okay, it's been moved and second those in favor say aye. >> aye. >> those opposed say nay. >> item number item, chief executive officers re >> commissioners in a moment i'll turn it over to karen to go gh the member services dashboard. first i wanted to couple of items, the forward calendar that appears in your goes through june of 2025. i've been working with various committee

calendarthe committee meeting, we're in the procof finalizing the dates for our next board meeting, there the committee chair reports where we'll set out the exact pics to be covered for the year. i turn it over to karen,well aware of, but all the three that impact firefighters and with respect on the ballot in november. and unlts there are any questions, i will turn >> having this, this was my terms of getting, having ballot measures that we were we were for stepping up when we're asked to do what we do.

and commissioners much work goes into just seeming, hey, can you do this? and. continue. >> you have before you ard hopefully it's mostly self explanatory. there were a couple of items i want today point out. our online webinars been extremely successful. one consistent piece ck we've received is that we do them at e able to attend but many people have asked if them and have them online. and beginning in september to regard them and then posting them. so have feedback with the next quarter withat we have recorded and measure whether we get in the off hours.

the other item that i is you may notice that processed over 200 benefits last month between may and june.those are our high, very intensive retirement time of the year.we are finalizing, i mean that's a have over rements processes.wanted to highlight and staff during this time of year 's extremely busy, we get a lot of requests you can see that in we processed 262 bene other than that, i'm happy to t how much time before the we go online.

>> for don't know the answer to that yet. will know better when they start to record them, they have begun recording yet. they're getting ready to do that beginning in septem and it will be probably be the most well attended. to do anytime. i assume that, from information. the webinar are pretty iding.is not really changing. so there for a

long period of we're changing the text. >> a good library. >> i don't know that. >> speakers see themselves doing it with a co they realize, hey i can improve figure out if the audience understood what they were ng to say. >> and i appreciate that it can a learning tool for staff. >> thank you. >> any let's call for public comment. >> thank you, do we inperson public comment on this item? seeing noany callers to please press star-3 ed to the speaker line. moderator are th >> madam secretary, there are no callers on the queue. >> thaning no calls, public comment is now closed. >> next item please. >> item 8, discussion item, annual review of security lending program fiscal year, ending june 30, 2024.

>> we'll r the lending program for the fiscal year just ended in june. i'm joined by alba mart who oversees efforts. the security lending effort is market focus program. werisk team and monitoring the program. ella will cover the bulk of today's update.also joined by mike. mike, thank for joining us, he took an early east coast to join us.bit about

industry trends.hand it over to he will ella, a few highlights which la will cover in detail. our custodian, the is designed to generate an again ella will return a return or how st couple of years. we earn that return in the cash that we get, highly we talk about that. we design a program 's flexible so if we have securities, we can der to loan the proxies. and potential source of liquidity. so with that i'll turn it over to ella an >> thank you, kirk morning, board members. i'll start off by covering why we have then discuss what the ow it is structured at first.mike to highlight market trends over the year with an update of security lending

program for al year-ending june 30th, 2024.rms of why we have a security program, as kirk mentioned it allows to allow incremental return in of how we do that, and structure at sfers, collect your attention to three. representative sfers as investor securities. on thright of this diagram we have participant and to bar o some of the securitie sfers lends the securities for for a bar borrower fee. as kirk mentioned, the cash collateral is reinvested and managed in a conser manner with guidelines similar to the market fund. melon performs two roles in this prothe mediate

between the lenders first and borrowers and they also manage the collatpage 4, we covered some of this already. but the course borrowing fee that borrow as well as the income reinvestment of the cash collateral pool.that impact revenue, the overall amount available to lend and how much assets. this metric expressed at a utilization percentage.to lendable assets. the drivers demand interest rates, spreads, borrowing fees, and elements like volatility and the in terms of potentialof time mitigaters in the there is a risk that the borrower might default.sk that the securities that are lent are not in the timely fashion. they're related to 3 that covers the borrowing of the securities.related to the

bottom lag ram three, the reinvestment pool. these assets are invested and as with any investment there is a risk of loss. to address these risks, that's primented a lending program with a couple of features listed on page 5. toll address the ridefault and potential non deliveries as a to address the investment risk to sfers collateral reinvestment program, firstly, fully segregated in a account and secondly, as mentioned that account is conservative guidelines which are consisfor a money market fund.program, include the controls sfers has the right to stop es or recall securities if we think it may impact to vote proxies.the cash release credit facilities.

this crallows to borrow from the reinvestment ac this facilities is additional it was not used during fiscal year 2024. now page 7, i ask mike to discuss high >> alo and alo had mentioned a fe buzz when we look back into the were a ere. one was volatility and the other interest rate environment. so as alo mentioned, a of the revenue, is investing fund. the last couple of years, a change from the but we've been seeing, we have seeing consistent rate hikes throughout the course of the fiscal year.that really serves to do is raise the ceiling in went through the last fiscal year, you had the

december calendar year-end, a wall street participant looking to shore up financing for the calendar year turn and what that served to do is widen the spread that were generated by investing the cash collaqv once we got through 131 and we began to see market participant start to go price the expectations that rates will come down at the this year or next year. an impact on tam pg down on the spreads and of revenue available to be earned. throughout the cou year around the globe, most 's been a really strong year in equity that does for our latility is a good in our business why somebody securities because of that volatility. so seeing that, broadly there was not much so was in certain pockets of industry that have been in demand for a while. we listed a few here. electric vehicles is one.

phenomenal ha. as that happens, it continues see it in certain pockets, the headline level, volatility is low which is great for the low assets the lending environment, it limits the ability for us to and then, when you think about what we for sfers specifically, you have a very larto u.s. government bond which mentioned there are re reasons why participants want to borrow those and the capabilithe things that sfers to do, we were able to take advant you think of the sfers asset mix, that was driver just generally. so those are the where and how the revenue came from, i'll it back >> thanks, mike.

there will be six billion time the on the pool of assets, 24 basis points net. evenly split between income earned frofee and reinvestment revenue. on the net basis the were loaned about 24 basis points as i mentioned.relative to the pool of assets lending, sfers earned 5 basis points net.to page 8, here year over year trend of earnings from the program.of 2.8 million were lower than last year but in line storical and expected ranges. page 9, we drill into the slight decline of thi the overall suitization of 20 percent was prior years and in particular a dip during the first as mike mentioned by the rallying ma market volatility and therefore on

this page breaks down the program by quarter. on page 10, we break down the ogram on asset clause basis. the top driver of was the earnings on lending out ou our treasury had a high the other top earner though they had a lower utu.s. corporate debt, we had more securities to lend, to be the 2 contributor this year. on page 11, we see the as mike mentioned, here we see the spreads begin to ining january as market began to price course of and repurpose facility. on page 12, again a monthly summary, this time the program.and the net return on the pool of asset loaned

on page 13, we provided a rew llateral pool. backing up the billion as of end of of 30, 2024, we held 1dollars collateral. it was non cash. the overall pool is six and half percent moving to review of the aspect of this portfolio yielding a 5.5 peconservative manner, the details credit and maturity profile are listed on this page.percent yield that this reinvestment is easee the trend on page 50. while base rates moved a the year, the yield on the overall reinvestment portfolio decrease came down as the beginning of of tighter spreads. that concludes

program update portion. i will to mike to discuss >> so the regulatory environment is a big driver our business both creating opportunities and forcing us business better to respond to the various reguwere a couple of major ones that we've been lookering at over thard and regulatory initiatives.just came into affect this summer was dtc's move to one-day settlementin u.s. which means if you sell a stock today you have tomorrow. well if i have that on loan to somebody that sort of complicates things. so we undertook a both improve our technology, improve our tools as well as with some vair firms for to* make us better and faster allow us to betthat means is sells an asset

that is out online. i very rarely do i have to ask and ask for that back. i have more of those in my program have them available. so we don't have to call on the borrows for so what that serves to do is maintain the transparen is security lending program should have to sf your investment managers. that happened in minimum impact to date on it and i think speaks to the things that i just mentioned. another major change that we're preparing for coming in 2026, will be the mandatory clearing of u.s. treasury securities. so make the market safer and which is massive, the fcc proposed a december that all trading and government securities would have to be cleared. that impacts the that we do.

so you're already have done all the in terms of updating the program and to allow to continue trading. so beyond that, there are a number of oilding up for lenders to help with the transition.major area of focus for us.we knew was coming and prepared for team has understood that as well. and has been ready for change for a number of years now. a third major fcc rule 10c1 which is actually just delayed again indefinitely, but it is a coming that will security lending market. what it will essentially do is obligation on the bny number of data points related to the tradyday in an effort to increase market transparency. in the eurozone, we already do that again. so this is something that we're

doing for sfers continue to do with no impact to your i so those are some of the biggest things that we've had going on any questions that any of the commissioners would have today.as a review for the board, today we have discussed why sfers has the securities of our program including the we discussed specific features, market trdate from our custodian and provided an update on the performance of sfers program. i may to the board for any questions?ons? i have one. are are we expect commencerate fee on the next renewal of our arrangement? >> discussed will warrant that, sfers team and we've been able to do a number of helped

investment staff and things like that. that's this point. >> thank you. >> the of the page four, list two leads. were there any suchin the portfolio run by jp? >> of bny?you, i asked tim. >> the answer is no. >> second question. those dollars are soft dollars, thank you for helpthank you tony melon, how many of your time average is applied to this program? >> over the course of a quarter about four hours. >> good.few other hours, kirk has to watch you're doing, about four a week? >> four a quarter. >> thank >> thank you for this presentation. >> ofan and the

returns and bny melon manages their program is very webeing the largest custodian. i back the collateralization, is that because of the i'm curious why you have the big buffer theri'll take a stab. >> it represents a conservative position board, over conservative. >> right but i'm surprised, they >> it's dictated by the assets in as collateral. as you said ask for more because we're dealing with convertingdollars into euro to replace and there is also depending on the, if in securities as collateral and when we look of the basket that we're looking at, we'll to start 107, 110, 112, things like that.

>> exactly, that's what i want today know.that collateralization would be? >> that's not something, that's not what our program does.would be your form for clad racing. speaking euros and sterling securities listed, ets of the same sort and this is sort of leverage, they're very well understood government bonds, u.s. and other g-20 nations. the most developed economies in the world.certain types of high grade corporate.rves to do is create a number outlets, pledging preferred by it's beneficial, that's the line they want of our securities and you're at the front of it. >> okay. and then, on 10c which i've been foon the transparency issue, is our main, the i guess, the u.s. the u.s. arm of securities are they focusing in or are they working to help

like? >> absolutely. so bny has a number of our senior s like rma and things like that and yeah, at the table in terms of shaping this. we wanted we're doing in europe and it's something that d important but we wanted to make sure that t of view, we want to make sure that the security lending market4of players that get charged differently because of who and what they are so it's not just like rity where you want to pay as little as you can so some the initial requirements in the rules seem ownerous and some has changed.clearing the transparencyregulators that look is a great goal and we think that's >> and it keeps changing, that's why i ask. >> yeah. >> and in the past year, did default or any problems, not in th overall program? >> no.

and review borrows from time to time and each has a credit limit that is determined outside and that's a wide of limitations and, we do eliminate borrowers from the program. if do we keep underwriting them but in terms or something, no, we have not had anything like that. >> and subjecthe annual review? >> it's much more frequent it's a quarter review. daily review, we have credit professionals that are they see these things as they come in. so something that we're frequently concerned with.the way the sfers is written, and so, there is a loght put into the risk management because it's obligation to observe any sort of impacts from the borrower default. it's important for all the of money on the balance sheet set u so much, it's

a great program. at sfers has done a great job managing, so thank you. >> any other questions? comments? th appreciate your partnership. do you want to call next item.ent. >> public comment, sorry. >> do we ny in-house public comment? seeing none, moderator are >> madam secretary, there are no callers on the line. callers, public comment is now closed. >> okay, before we is the next item a shorter item? let's do item 9. call the next item. >>next item is >> commissioners as you know, we continue to review policies and make sure that they are currently the policy itself. so what you see be of the

securities litigation policy the placement account policy. we've inclthe materials the current policy and a sorry, a red line to the existing policy and a clean e looking for your approval on. thesi first updated to our current you see is the change of the words but not of putting it intoa new format because that would be difficult. we just wanted to state the changes that you see in are to update and be consistent with policy approach. in particular on policy, we wanted clarify the role ofcity attorney and securities evaluation council 's consistent with how we've been operating for quite sometime.making a change or proposing a change to the threshold for claims million to 4 million. it will think this is don't want to miss out on opportunities that

e significant work where we can make ring we have the opportunity to review and discuss and discuss how we want again, that is really, lowering the threshold opportunity with a recognition of using and then on placement policy, really there, the changes to reflect current titles, the fact that we current investment delegation.go through with more details. >> i have a question. it concerns responsibility and litigation that is goes beyond expertise of the city attorney. and who makes the call when we need to find outside counsel and alike.well, for the reason that we don't have thdon't have as much as some external do outside counsel monitoring the portfolio king recommendations to us about when it may bemore appropriate to participate as

lead counsel. and evaluate that internally before we bring in any to participate more actively.okay, so you, run that by me in terms of, you have securities litigation the city attorney's office arranges 's outside the city tonser office. >> t we have four firms, they do not charge anything for that the attention to the city attorney's office. >> okay, you >> any questions? comments? >> does not look like you've got one.make sure, you obviously understood answers, they will decide who the attorney will be, not us. >> right >> okay it's always been a bone to pick. >> yes, express beyond this issue, a lot but i got what i needed to know.to make a motion to adopt. >> okay.policies for security and

placement agent. >> for concluding the red line version. >> thank you. >> okay. thank you, do we have any in-person public seeing none moderator, are there any callers on >> madam secretary, there are no callers on the line.thank you, hearing no calls, public comment is now closed. >> commissioner thomas. >> i just wanted echo tracy driscoll's comment s. >> it's nded all those in favor say aye. >> aye. >> those opposed. motion passes. can we bare witwhile we go in front of you. let's take, let's in closed session

commitment of 75 million enter technology partner. we committed 35 to closed on july 31, 2024. this is a out within the pe portfolio.the tres opportunity six under delegated invested 75 million in the opportunity fund.on july 29, this is a credit opportunities private credit portfolio. and it was not in materials, but because it just but wanted to verbally provide the update credit solutions 3 at the board meeting on the board approved in closed session an investment of to 75 million, our n to the fund closed on july 7th within sfers portfolio. that's what i had reports and happy to address

any questions. >> thank you. the recognitions the staff are tremendous it makes, i always said that having the have from top to bottoma director commissioner much easier.can only thank everybody ng they do. >> i want ho commissioner's comments. i cannot say we received accolades. our staff has continued to to go and deal with other organizations and go to a training and understand how much work it is into every meeting that we have or decision that while i'm proud, i'm not surprised. >> any fucall the next item. public comment. >> thank have any in-person public comment on this item? >> sanchez, protect our

benefits as a for us to acknowledge when there is accolades coming to so congratulations here and staff. i think it's important to watch when you're doing things you don't like and we do to address when we think you're doing things that are very good. >> thank you, commissioner. >> thank you for your comment. do we have further in-house public comment? seeing none, moderator, do we have any callers on the line? >> madam secretary, there are no callers on the line.hearing no callers, public comment is now closed. >> next item please. >> thank you, item number item, san francisco differplanned review. >> thank you, ms. armaninyou come bearing gifts. [laughter] >> good afternoon, thank you so much for being here. today the quarterly update where we drill down an four pillars of the plan which investment

operations next is operations, crediting rate for 3.14 for stable value is considered r for conservative invest holds almost a billion. our stabinvestment manager has a 5-year contract with the plan that as much the plan is un our consultant and the timeline actually has been provided can we move to the next page. i'm pleato say, when we get to the next page. i'm pleaat we are operating ahead of schedule are potentially inviting semifinalist to present at october dcc meeting galyard also published a quarter update that's been inyour materials for reference t.highlights outlook, inflation forecast and key economic indicators.

and speaking of markets, i've asked our consulto provide some key insides quarter's performance as well as the last current market. if we d to the quarterly update which is at the end of this memo please. thank yo >> great good be doing the update in september meet have through june in front of you, there is a lot of good of is more of the same, growth continues to be the top performing fund, and i'm looking performancst over 20 percent. from that's the largest area. your active managers, 5 are out performers their benchmark . one is even with it and that's one is under performing and that's the estate fund.

and that process is well as under way on implementation basis. so big picture again, stocks did very wel small cap and intern we've seen. the bond market you'll active core manager up 12 basis points.the third quarter, the bond market has back and up over 3 percent on a page but just as a reminder, volatility does happen.paying attention to inflation, what mes you see that forecast pretty quick in the changes e stock and bond market. and largely i'll finish by the funds. range between 3 and a half percent and almost almost 10 percelonger dated funds and they're all either above their benchmark. so pause there and see >> any questions?

>> no questions, i would like to move to the next pillar, which is marketing. launching a targeted direct mail campaign. can we 5 in my memo. this is where we can details in the targeted method. we included versions, which was defined for five separate cohorts. this was received in early dropped in july and received in early august and ail was sent this week. details can be 4 and we've included samples in the back.a new webinar and the estimate of healthcare cost and retirement such as probability of long term care needs but dental covered by benefits and how if you retire before medicare eligibility.is a sample of sfers benefit statemaugust, this is a

there is always a spike in after members receive this statement. and finally, i'm pl announce that our theme for retirement security your own influencer. of social media, we thought would resonate well with our prospects. some samples have provided for reference, if you move to page 6, you can see a hat that will like nrsm will continue through the september and the plan will be at the benefit fares that are held board members have been provided a sample the gift that participant may choose after attending our annual in-person seminar at the library on october 16th at noon.forward to meeting our participants be prepared to answer questions and enrolled onsite.tions on marketing, i would like to move

on to operations. on the operations front, on july 19th, not even three weeks ago, the ed new and final proposed for distributions, rmds. this will take place and will be affective january the regulations do impact ans and helps clarify when our parteficiaries must take their distributions.then, interpreted by secure one and two and pension protection act allows us to reasonable standard for compliance. speak ing ds, rmd will be based on their detailed for those born in the beneficiary rules vary by type. for instance, you can surviving spouse or child or other individuals or state. there is a percent ex sighs that--excise tax this. was e

prior 50 percent tax and they're lowering o? it could be further reduce 10 percent if corrective actions are ma go align with these regulation sxz planned december of 2029.assets were excluded from and roth participants were all informed. we are also coordinating across departments to implement the new catch up limits for january 2025, this iver i believe 60 catch up where if yoages 60, 621, 62 and 63 you higher catch up amount verse being up goes away once so these changes require a lot pay roll calculations and data programming so that we're at the right age so that people don't get if there is no questions on to

the last pillar which is thand then i'll turn to is from our record keeper. voya has been our record since 2015, that ends this month with the three one-year extension.extend our contract by one year due to voya's they have provided a fee schedule with guarantee which continue to our partnership add voya has redashboard, their participate dashboard on our to enhance the financial planning experience.clude inter account i have, models for life events, a better ue,

user experience.to provide quarterly review which dives a little to customer trends. mr. bucking, would you like to? >> yes, and thank you commissioners for your time. i'll go to page 4 of the quarterly report so thank you. justng to have done the last four to highlight the participant, an over the last two years, and the numbers n. and another increase of percent within the plan of the quarter.as well as you heard from greg is calinmarket activity has benefit thed the plan. significant as the last the growth of point 2 percent. this can slide six as well as you look at cash flow, of new participants, have resulted and should say decrease has

resulted. if we skip slide 26, just wanted touch briefly with regard to activity. we have seen the increase wait times as people were calling into the call center. we have that decrease this quarterback to what historical averages, at 21 seconds.manner where we have changed our out reach, so we believe that we have taken have resolved the calls coming in call have resultincreased answered times as well. and then on slide 28 just a comment with regard to ak sifity, remains strong, dipped a little bit in june, due to vacation time that went across the whole team but as far go from annual perspective, we're at this point of the year and goals as we close the second half of the with that, i'll answer any questions that you may have for us. >> i have t

three or one. >> semifinalis >> thank you, i look forward to reading the en they become available. that was done pursuant to the board.if we voted on voya?authority to extend the contra we did discuss it in the dcc. >> remember the discussion. okay. thank you. >> any other questions? are you done? report. >> very concise, thank you. and thanks for the gift bag. >> they were very very the staff so i hope you enjoy. >> they don't match the swear. >>--sweater.ry well thought through. >> okay, do we need to do

we have any in-person public comment on this item?none, moderator are there any callers on the lin >> madam secretary, there are no callers on the queue. >> thank you, public comment is now closed. >> next item please.>> item number 12, discussion item retirement board member en i was looking through, i think i might be schedule of trainings that in the ceo or is was it moved? i just have missed it. >> it should be >> okay. >> i didn't see it >> i didn't see it either.get it to every one.on september 25th, i know lot of work. well. so hopefully we'll have you will not be there?

>> any further >> motion to adjourn then. >> can >> do we have any in-person public comment on this item? there any callers? no callers on the line. >> thank you, hearin >> next item. >> item numb thank you every one.

[music] maintaining fire safety is everyone's responsibility. an active fire or fire safety hazzard, report it immediately. here are tips on fire safety hazards in san francisco. call 911 or 311 the city24/7 customer service center. when to call 911 when you see a fire or open source in public. call using open flame device you believe will injury or property damage. call 911 if you bench an open flame in public location involving flammable materials like wood paper and liquid fuel propane or gasoline used fo or other purposes. call 91 or outside a building. call detector sounds here hear a fire be sure to provide the location where this is >> fire safety concerns

that don't involve an active or or property it is best to conta submitting a request on 3 lon or the sf upon . reported built up of blocking a sidewalk or a structure. 311 to report encampments that don't have criminal activities associated with311 to report a fire safety hazzard, does not involve an open report lost or blocked exits paths out of a ntact 3 thrown report a malfunctioning or out of service building. and contact 311 fire safety concern or complaint that does notate threat to life or upon prosecute. >> reme can save lives you can report un to ask a fire inspection question call francisco fire department 58-3300. to finds outer more about the

san francisco fire department visit our and learn more about the 311ce >> many parks as we can, you have a value garden and not too many can claim that and you been redone in a beautiful fashion and ósu have that beautiful outdoor ping-pong table and you have got involved and if you look at them, and we can particularly the came in, and that is extraordinary. and so these tiles, i every park come and look at this park, because i think that the way that you have acknlereally first class.

>> it me and play and we have been driving by for kind of nice. >> all of the people that are here ♪ ♪ >> san francisco! ♪ >> this is ans departments highlighting different artworks from our an important part of the dialogue. in many is

contemporary. all of this artwork is from 9th century and spans all the way to t the exhibition is organized into seven differentemes such as activities, others.by culture or time period but different affinitin the artwork. activities for example, looks at the role of gender and how placed as masculine. we have a print uharo that looks at different activities that derisionly performed by men. it's looking at the theme of music. three women playing traditional japan'b instruments that would otherwise be played by men at that time. we have that is looking within the context of relationships. also with how people are question idea of pairing in the first place.

we have three different cultures, tibet china and japan. this is sell vanity stot relevant because gender has been fluid in periods in cultures. sometimes being female in but often male and evoking features associated with gen binaries and sometimes in between. it's a lovely all the themes together in this collection. gender and sexuality, speaking my culture specifically, is something at that hasn't be discussed. this gender and sexuality are been consideredd complicated by dialogue through the work of artists and thinking specifically a sculpture we have of the hindu deities because it's half pee male and half it turns into a different theme

in a way and ispresentation of how gender hasn't been seen as one thing or we see that it i modest concept. in a way, i feel we have a l historical references and touch points throughout all the and in asian cultures. iisco has close to 40% asian. it's a it's important that we awk about and open up the discussion around gender. what we've learned from organizing this exhibition at is that gender has been something that has come up in all through all the time periods as something that is important andn francisco bay area we feel that it's conversations that people are having today. we can carry that outside of the museum evening.

meeting to order. charles good evening. this is a me san francisco commission on the environment. the date is monday, august 26th. 5:06 p.m. please note that the ringing and use of cell phones, pagers, and similar devices is prohibited. please be advised that the removal from the meeting room of anyone using similar device. public comment will be available for each