. >> we do not allocate funds for positions at private schools we allocate fund for equitable services this is why you see that in the contract we have one program administrator in the office of federal and state programs that does monitor the private school responsibilities terrific thank you. i appreciate that i want to reiterate the things we feel about this is extremely overwhelming our saving grace we appreciate the responds to the questions over the last several weeks but have it the night of we say this every year i hope we come up with a better system to help us i've i mean of we get it in chunks but in some form that allows. >> i've never seen all 7 of us in the back office trying to catch up i know you guys are trying to keep with the changes i don't know how to manage that but it is really difficult to have all of this in front of us the evening of thank you >> commissioner walton. >> again first of all i want to thank the team for this abrupt process you've been definitely responsive to our questions and the questions from the community i want to through another plug in ter

need to submit a complete cast allocation plan to the area. since we don't have cost there we didn't need to submit a allocation plan >> so in orebd words we don't have [inaudible] cost we are contributing to this? >> under food cost >> on any of these areas like they have cash and then they have [inaudible] we don't have anything under that? >> in the nutrition prac we do and if you turn to page 10, no excuse me, page 11, you will see there are a significant amount of inkine and cash match and non match made that-that is all detailed. for example there are programs included that would be funding that comes from each specific sites that gets offset with the state charges or adds to theoverall programs and there is akish and inkine non match >> just not under this category? okay. anybody else? >> i have a general question follow up on the presidents-nutrition program you collect money, is there a requirement that they [inaudible] what is the percentage of inkine cash? >> so under program income that is where that gets reported and from what- >>

council but 5 ftes in security h those allocations are considered what the needs and how we determine the effectiveness in supporting you're safe loefrn environment at that level particularly around the enhancing supportive student learning climate so those were the two questions and then to underscore a point i'm glad we're having this conversation how in the way we allocate our resources we get more even more targeted than we have been around students that very specific needs and some ways a higher level of needs commissioner fewer and commissioner mendoza-mcdonnell and others brought up homeless students and sro's i'll add to that newcomer students for the chinese education center and the m e.c. two schools and many of our other new comers was we see think about how to put equity in action how to make sure we are reflecting that as targeted way as possible i'm not just saying all you know low income students are the same that will really getting to understand where our needs for the students and schools and reflect it into in the m t ss and how we allocate central office and in the

if they go up, you have more to allocate. there is a little bit more than gas prices that will drive that cash flow generation we have. it will be the retirement of assets, capacity prices being drive a certain level of revenue that gives us that capital to allocate. certainly, higher natural gas prices will help that cause as well as. alix: another part of your business is cold. the supreme court gave utilities a break at the end of june. what do companies -- i wanted companies like yourself to clean up their coal plants. did that make you rethink any coal strategies? >> we retired are noneconomic plants. we retired them a couple of years ago. we are supportive of the world requirements. being the difficulties in a power generator in the country is these rules come in and go out. you're talking about assets that last four years and you make will you and with these rules coming in and out come it makes it difficult to plan for the future but for us, we have the portfolio that is environmentally compliant. let's focus on the f

to allocate. as i said before, there is more than gas prices that will drive that gas -- cash flow generation. it will be the retirement of assets, capacity prices that are newg set in the pgm and england marketplaces that will drive revenues that gives us the capital to allocate. gas pricesnatural will hold -- help that causes well. alix: the supreme court gave utilities a break get the end of june ruling against the law that would force companies like yourself to close some old coal or pay up to make them cleaner. did that make you rethink any coal strategy, to put more plants on line, not take plants off-line? >> we retired plants that would need so much environmental expenditures. rulee supportive of the requirements. one of the difficulties is that the rules committee and they go out. -- and the rules come in and they go out. you make billion dollar investments into these assets and with these rules coming in and out it makes it quite difficult to plan for the future. for us, we have the port

just to compare, what is new york city's program was much do they allocate for their program? >> well, a lot more. >> how much is a lot more? >> i'm sorry. i don't have that. i don't have at my fingertips but i can get that to you. the newark city program does have the benefit of being able to apply tax exemptions to the property as a whole, so they have more flexibility in their overall building program than we do. because, once you exceed 80% of area median income you pay property taxes and that adds a lot in operating expenses. so it requires a lot more resources to go into our buildings am about i will find out how much money you are cast in that >> would you guess a lot more is 200 million? just trying to understand about art >> the population is 10 times hours >> that's why i multiplied it by 10 >> that sounds about right but all confer with you >> i guess, my last question is when the budget analysis report on housing needs for seniors the anticipate a huge senior boom and the need for low income seniors to have decent housing. i know the theater i will bridge developme

bracket this to this committee first so we'll be seeing this this month at our meeting for the allocation request item 9 the brt a great deal concern from the interactions from the community level they've told me he they've gotten help and support from the ta 11 level of engagement on the project was concern raised by the cac by the brt public housing we were assured it would create more routes for the housing that's all i have. >> thank you very much for your presentation colleagues, any questions or comments seeing open up for public comment item 2 okay seeing none public comment is closed and mr. clerk, call the consent calendar consent calendar three to four all matters listed hereunder constitute a consent calendar, are considered to be routine staff will present to if you want to my any items might be removed separately. >> items three and four the minutes and the recommendations of the directors pressure release for funding here so i think we have to open up for public comment any public comments on the consent calendar seeing none, public comment is closed. roll call vote >> super

. >> i'm kevin guy with planning department staff the request before you is an allocation of office space under the limitation program it will constrict a new tower with a roof height of 4 hundred 50 feet and the building will contain 7 hundred and 667 gross office space and approximately ground floor retail and bloov parking if i could haveoverhead the lower area in pink is the lower areas of the site but drektd in green it adds 18 thousand square feet of open space at the northwest and southwest of the lot and the tower additional open space around 44 hundred secret is protruded within the redevelopment area there is open space at howard and beale street this open space satisfies the sites for the previous sites at howard and fremont street the lot cantonese a deck with a retail use so this existing open space that be removed and replaced with open space on the block so the open space provided within the block 5 project before you will continue to satisfy the space for the open project the pavilion space will be stored and so getting back to the approvals the property is located between

in prop m we've been working on looking at the issue of the office allocation and whether or not we should be bringing a different approach how you do the office allocation it seems to me we've been thinking about this what is most important about the average office allocation and the intent of the original prop m you've talked about that the three-legged stool the idea was jobs and transportation and education this is the 3 approach and prop m was to be addressed we're thinking rather than taking a new approach now we might need to do that in the coming months number one we feel like that current projects you see are projects we'll likely support within the next few months that meet the goals of plan we've put forward but we think we would like to recommend a larger analysis of the prop m and the related goals of housing production and transportation that the original prop m was addressed he did a radio some of the goals designed to be met how has the context changed in the last thirty years we believe it certainly has how are the economics of the city changed in the last thirty ye

ruth's job will be to figure out the portfolio allocation of resources. i think at a company like google, now that we are 60 billion out of revenue, just that resource allocation around the company that prides itself on innovation, i think that's a major mandate. to make those calls with the right care and in sync with larry. emily: a buy button is coming to google. where do you see the biggest opportunities for them in mobile? >> google has a massive opportunity on mobile to make searches and interaction with their services more efficient. there is no question that mobile opens up an opportunity to get the consumer much closer to the actual purchase. google has taken a bit too much time, spent a lot of time on purchases. i think what you are seeing over the past six to 12 months is more experimentation, directly on the desktop, online, and mobile flow that gets them towards that purchase flow and enabling purchases seamlessly and immediately. i think that has the potential to provide tremendous value to their advertisers and close the loop more quickly t

we will do so with great care regarding resource allocation because there has been some concern about that resource allocation, how much is google spending on moon shots, for example, and on big projects given the yield that it may get from those projects. so some interesting commentary there as the numbers look relative strong here out of the gate. i'm not sure if we checked the stock yet, but i do want to do that before i get back to you. up 8:00 here. strong reaction to these numbers so far. alex: thank you so much julie. i want to take a deep dive into my terminal on something you may have missed in the last few days and that is the mexican peso, it is down over 1% versus a dollar in the last two days, sure, you had a strong dollar, but this was also about a failed oil fail in mexico yesterday. joe: you were really excited about this story. alex: i was so pumped about it and didn't get to talk about it. they sold out 14 blocks and only got allocation for two, bill oil completely left the room, they are not interested even though they are already prequalified. the reason why it's i

our discussion us go with the state there are to options or being able two options the up front allocation or an accrual allocation what we the probability not put in here the state said you you know as a business can say well, you can only utility 3 days of that pay is it doesn't matter if this is up front you can limit the amount you as angle employer pay out san francisco does allow you to pay that out if you have it in our bank to use we didn't include that in our summary of combining into allows. >> the state law precedes local. >> their law didn't supercede where the alu local law would be better provide more. >> i'm - >> as an employee. >> not better for the bits but the employee. >> somewhere down the road this is complicated that portion and this is the one that fits the most small businesses under 10 and you know they're not going to know. >> right right now on the average office of labor standards office website i don't know if they'll provide the guidance that's what we need to - so we need to understand in terms of right now when they do sort of an advisory committee compariso

bracket this to this committee first so we'll be seeing this this month at our meeting for the allocation request item 9 the brt a great deal concern from the interactions from the community level they've told me he they've gotten help and support from the ta 11 level of engagement on the project was concern raised by the cac by the brt public housing we were assured it would create more routes for the housing that's all i have. >> thank you very much for your presentation colleagues, any questions or comments seeing open up for public comment item 2 okay seeing none public comment is closed and mr. clerk, call the consent calendar consent calendar three to four all matters listed hereunder constitute a consent calendar, are considered to be routine staff will present to if you want to my any items might be removed separately. >> items three and four the minutes and the recommendations of the directors pressure release for funding here so i think we have to open up for public comment any public comments on the consent calendar seeing none, public comment is closed. roll call vote >> super

you can run simulations about different asset allocation models and that is education. those are the critical nuts and bolts and what we have told people who is said to last we feel the line between education and bias is blurred or should be drawn differently. our response is how would you do it better and what ideas do you have. we heard feedback to that effect. we attempted to be responsive the first time around and are proposed rule is quite different from the 2010 will in the education of vice contacts. we continue to look forward to hearing more advice. >> for the benefit of the panelists, i will be very strict on the five-minute rule and i appreciate you hold in answers to a concise answer to get everyone's questions answered because we are in a hard stop at 4:00 and i don't want to cut or other testimony short. senator scott. >> afternoon, secretary perez. >> over the last eight years they have a regulator broker-dealers and investment advisers charge with having significant involvement in any effort to revisit standards of care that apply retail security transac

we reduced allocation, that is still overweight oblique -- mobley.his is to focus on the progress we had over six years. we are deep in their recovery, there is no opposite financial conditions to what we had in 2008 or 2009. alix: today we were looking at the dollar and yen relationship, the dollar looks like a 13 year high in a relationship to the yen. what is your education of this --rt and the correlation what is your interpretation of this chart and the correlation? japanese invest in equities you have a different outcome than over the last 20 years. back of folks say banning -- buyback stocks is not growth. but when they had to repair balance sheets for a couple of decades -- benefits from this are higher earnings and a lot of exporters will improve, that will be in the eurozone as well. there was an article this week on hedge funds, it seems they are giving more to cash, what do you take from that? >> i would be aware that as you look at the environment through the year, the third quarter is the only quarter of the year where equities have a n

that will be the order. >> item 9 and a allocate 49 plus in prop k with conditions and appropriate 4 hundred thousand plus in prop k for the schedules this is an action item. >> colleagues, any questions or comments on item 9 public comment seeing none, public comment is closed. >> colleagues what we take item 9 same house, same call? we'll take that without objection. that will be the order. >> item 9 for the potrero hill final report this is an action report. >> colleagues, any questions or comments on item 10 seeing none is there any public comment on item 10 seeing none, public comment is closed. >> ms. brison don't leave yet ms. brison. >> item 11. >> item 11 approve the 2015-2016 transportation fund for clear air project an action item. >> colleagues questions or comments on item 11 any public comment seeing none, public comment is closed. >> colleagues, can we take item 11 same house, same call? we'll take that without objection. that will be the order item 12. >> introduction of new items an informational item. >> colleagues, any introductions supervisor tang. >> thank you ch

bracket this to this committee first so we'll be seeing this this month at our meeting for the allocation request item 9 the brt a great deal concern from the interactions from the community level they've told me he they've gotten help and support from the ta 11 level of engagement on the project was concern raised by the cac by the brt public housing we were assured it would create more routes for the housing that's all i have. >> thank you very much for your presentation colleagues, any questions or comments seeing open up for public comment item 2 okay seeing none public comment is closed and mr. clerk, call the consent calendar consent calendar three to four all matters listed hereunder constitute a consent calendar, are considered to be routine staff will present to if you want to my any items might be removed separately. >> items three and four the minutes and the recommendations of the directors pressure release for funding here so i think we have to open up for public comment any public comments on the consent calendar seeing none, public comment is closed. roll call vote >> super

initial numbers need improvements for that the diverse applicant pool the one way to have funds allocated for men and women in uniform to go out and recruit last year, it didn't get funded all the collective said thought that was money well spent on recruitment for $240,000 and the other large area and it is pulsing to me i know on 3 occasions the department has been criticized and analyzed for a function in 2002 before i was chief the recommendation for nearly a $500,000 spending for the unit for 4 positions we're asking for 3, 13 years later for the same amount of time and we're criticized from all aspects this department does a good job we definitely do not want the positions deleted we'll take the the united states of america cuts and deal with that those o are the two things that remain and it adds up to $279,000 plus. >> could you talk about for year two that number for year two. >> i'll ask the cfo to come up. >> good afternoon mr. chair some of that needs to be the attrition to the second year but in the neighborhood of i believe $300000 and ongoing savings. >> okay let me ask you

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every year from 2008 to 20146.14 million square feet was allocated and leaving square feet vacant at the end of the 2015 it is roughly one .7 square feet. >> from 2008 to 2014 developers constructed one .6 millions secret in the district over half was office space and other was hotel and retail and a small amount of commercial sorry cultural and educational made up the remaining 21 percent hotel and sales tax collection is hotel collection show the sharp rise in 2014 and gop good up to 2 hundred plus percent in 2008 annual business tax collections have increased 5 percent from $387 million to $600 million plus in 2014 part of that increase is due to a new business tax that took effect in 2013 but the city has grown the still level and downtown jobs have grown faster at 13 percent at the end of 2014 there were approximately, six hundred and thirty thousand in san francisco that's at a high point the city added over 85 thousand jobs 40 percent to 2 hundred and 40 plus jobs are in the downtown compared to the city downtown has a higher proportion or proportion of jobs and the pdr for ed

full project for pedestrians and bicyclists there will be a next phase sfmta has come in with an allocation of funds i'll give the microphone from sfmta to talk about the next phase quickly lloyd i'd like to thank the project manager in the audience for pushing that project forward and sarah for the ta who really the an amazing job in terms of carrying the process i'll give the microphone to frank and ask susan representative of the cac to give us your remarks. >> okay thanks david good morning, chair dancing u tilly chang and commissioners i'm frank the transportation planner with the sfmta and looking at your time i'll be brief we anticipate a smooth hand off from the feasibility study to the next phase the prevail study where the mta will took over the project cooperating with the authority and our other partners, of course we'll eventually be operating this service and also an important part of the overall major increase in the transit service needed for to serve the candle stick point shipyard we envision a 6 to 12 months effort we'll be refinancing the alternatives looking at the ligh

is for the success center i'm sidelined to allocate 10 minutes one minute each or if you can be less than one minute per person. (calling names) >> please come up to the podium. >> 10 minutes. >> good afternoon, commissioners sdrum and superintendent carranza i'm listing the executive director of success in san francisco i'm sure you're aware of we partner with the school board around the operations for the early morning study academy one the county day schools it's been grashl offered space i mean in the cottages of the campus of the jewel probation department and offered space across the street but we're leaving 62 hundred square feet and expected to relegate our school down to two classrooms that will effect the integrity of our program we would like to get the district to rethink how we better support the vulnerable students in the district our young people have been had been you will truant and dropped out but we're getting them in school and graduated 80 percent of the county kids consistently that and bring over $7,800,000 dollars of resources and support and pay for graduate

success in the budgeting process, i'm sure you told me this already, but where are you planning to allocate these new 4 members of your staff? has that been decide or are you still considering it? >> where are we going to allocate the staff members or the positions that are authorized to our investigator positions as well as a attorney position as well as information technology position. >> good to know. thank you very much. thank you mrs. fletcher for joining us as well. all right. [inaudible] >>iteal 3 c commission report. commission president report, commissioners reports. >> [inaudible] vice president has nothing to report. anything further? another to report, colleagues? commission announcements and scheduled items. identify for consideration at future meetings is that where we are? >> yes, item 3 d. announcement identified for future meetings. there is no meeting july 29. the next meeting will be august 5 at city hall and then august 12 the meeting will be held at the tenderloin district station which will be at 240 turk street, the crock center. >> that will start 6 p.m.? >> the dist