commissioner ajami. >> thank you for your presentation. i have a process question. so you do mention that fiscal year end we will implement to replenish the fund, i'm just wondering, what does need to happen to do this? >> sure. there are various processes that we have in place, so at fiscal year end we'll evaluate what our projected fund balance will be and if we fall below the target then we would adopt rates and/or budgets that would get us to the minimum and target within three years. so we have a biannual budget, so adopt two years of budget. every year we adopt a ten-year financial plan update and proebt what rates should be in years beyond the budget to say, you know, this is what rates look like they will need to be in order to meet this target that perhaps needs to be replenished because we had to dip into reserves a little bit because of the volatile market or something else. >> okay. so, basically then the past, if we pass this, then we have to wait for that to happen, which means at some point you guys will come back to us and say where we are with the b

please call the roll. [ roll call ] vice president ajami is excused. we have a quorum. this meeting is held in person at the san francisco hall room 400 authorized by the california government code and mayor breed's 45th supplement to february 25, 2020 emergency proclamation. i like to remind individuals present and attending in person today, all health and safety protocols and building rules must be adhered to. hand sanitizer stations are

please call the roll. [ roll call ] vice president ajami is excused. we have a quorum. this meeting is held in person at the san francisco hall room 400 authorized by the california government code and mayor breed's 45th supplement to february 25, 2020 emergency proclamation. i like to remind individuals present and attending in person today, all health and safety protocols and building rules must be adhered to. hand sanitizer stations are available throughout the building and masks are available upon request at any of the city hall entrances. i like to ask please silence any electronic devices. we welcome the public participation during public comment period. for each item, you will take two minutes of public comment first. members of the public may provide remote public comment by dialing (415)655-0001. meeting i.d.. you must limit your comments to the topic of the agenda item being discussed. remind you stay on -- if public comment be made in respectful manner and you address the remarks to the commission as a whole not no individual commissioners or staff. been he o

please call the roll. [ roll call ] vice president ajami is excused. we have a quorum. this meeting is held in person at the san francisco hall room 400 authorized by the california government code and mayor breed's 45th supplement to february 25, 2020 emergency proclamation. i like to remind individuals present and attending in person today, all health and safety protocs

please call the roll. [ roll call ] vice president ajami is excused. we have a quorum. this meeting is held in person at the san francisco hall room 400 authorized by the california government code and mayor breed's 45th supplement to february 25, 2020 emergency proclamation. i like to remind individuals present and attending in person today, all health and safety protocols and building rules must be adhered to. hand sanitizer stations are available throughout the building and masks are available upon request at any of the