and only available to the largest institutional investors and highly regulated by the office of corin woods of the curtesy and the state banking regulators to reduce administrative and operational costs for unlike mature funds the sec for equity to complete the processes like issuing a perspective or creating a board of directors finance of funds that there's increase the costs that are passed down to the investors with the institutional we have boards and people making sure that the investments are um, appropriate and performing i'd like to move to the market given the success of the webinar in the security month of october of last year, we created on demand webinar to view on you may also watch live at www.sfgovtv.org i believe at the request of board member bridges and planning for a lifetime of caregivers make up over 21 portion of america population. the disadvantage community is the largest minor group in the u.s. which includes the aging population of the folks who have herbicides and dementia and mobility issues we 10 thousand baby boomers during 65 evidence to 20307 out of 10 will

. >> the next slide from the corin woods budget kickoff meeting they held in 2023 where is the mayor's office arraignment the instructions for the and with the priority of the public safety reducing homelessness and transforming the mental health and as an overview shared the rate of expenditures is far out pacing the general fund revenues which is creating a 200 and giving million dollars deft in 2025-2026 and a $54 million from 2025-2026 with diversities in the coming years they asked the department to russet they're general fund by 10 percent in each fiscal year. the general fund will have a deficit and reference last year was a deficit of $728 million. some reasons behind the deficit include a high office vacancies and increased litigation from the tax revenue and lower than 0 reform and hospitality industry and reduce the local and sales tax and one time into our own department for the economic cycles have a soft and continue to do so as well as the revenue compared to previous years. in terms of revenue we reduced the general fund by $920,000 that was instructed by the mayor's of

the board of supervisors and with the terminal and provided insight to the sheriff issue and the corin woods and among i apologize to dr. colfax for not getting this statement to him a timely manner and we see increased violence in san francisco i urge you to work with dr. colfax and the leadership at h s f. thank you. >> thank you. >> anyone else in the room like to make a public comment? all right. one hand up online and please unmute the caller. >> thank you. >> what about the agenda number 2 on the meeting minutes from january you stick that agenda item i want to speak on it. >> so no hands were up? general public comment you're welcome to make the public comment right now use your time. >> okay. so i'm not hearing to please mute the caller. >> office of the inspector general so that's the only public comment. >> thank you. >> next item on the agenda is an honoring and the director for laguna honda to present the resolution. >> afternoon commissioners. >> oh, please continue mr. picking i think so. thank you. mash. >> good afternoon, commissioners it is my pleasure to say a few words abo