identifies what those facts and thus what lafco's options are is an appropriate part of a lafco study. for example, if a hospital receives funding from the city and county of san francisco, lafco may be in a position to recommend that the city condition future receipt of city funds on the nonprofit hospital's compliance with a state mandated community benefit obligation. to the extent that such contractual obligations already exist with the city, lafco may recommend that the city take steps to enforce those obligations. in the case of nonprofit hospitals that receive no city funding and of course these are private, nonprofit agencies, these are not government agencies, there may not be an opportunity to -- for san francisco itself to do something directly, but certainly, lafco could recommend to the city and county of san francisco to pursue some legislative options on the state level to ensure that the state is holding nonprofit hospitals accountable for their community benefit obligations. end of my presentation. >> supervisor fewer: any questions, colleagues? so i have a question.

this next slide is the lafco general fund balance. this slide shows the general fund appropriation expenditures and year-end balance for lafco from 2007 onward, and we have set aside a reserve of about $45,000 or 15% of the annual budget, and again, these expenditures and balance are updated as of may 15, 2018. the current available balance is around $82,000. here is your ex-pentures to date. on this side, lafco spent about $130,000 to date this year. that includes the separation payout for the executive officer -- executive director salary and benefits. legal services cost approximately $43,000. service costs by other department such as sfgovtv, and others around 13,000. th and then, on the cca work order side, the cost charge as of may 15, 2018, is about $2300 for the executive director's salary and benefits that occurred prior to his separation. a refund from nce for an incomplete portion of the study, and then -- mce for an incomplete portion of the study, and then $450 for the executive officer cca work. so here is your proposed

which the panel believed would be a good fit for lafco's required scope of services. per our last meeting they accepted his application as a contractor. in coordination with the contractor, the chair and legal counsel, we prepared an executive officer services contract for lafco's approval today. the scope of services that the contractor will provide include but are not limited to services that entail planning, managing, co-ordinating and evaluating the functions of the commission. this includes form lating and implementing policies and procedure, developing operational objectives and standards, providing advisory services to the commission in fulfilling regulatory and planning responsibilities and acting as a liaison between the commission, the general public and other units of government. the contract will be for a two-year period at a not to exceed hourly rate of $75 per hour on an as-needed basis. the total contract amount will be $312,000 based on a projected budget of 280 hours per year. we have two recommendations for you today. the first includes an amendment

i am teresa stricker, the general counsel for lafco.uested that we provide an overview of some options for the lafco to study hospital community benefits. and the first thing that staff requested is that i clarify what is meant by the term community benefits. that term can mean many different things depending on the context with which you're using it, so i'm going to go over a few areas that local government frequently use the term community benefits and then focus us on what we're looking at here today. sometimes agencies and other cities will in negotiating a development agreement, will -- with a private developer, will agree -- have the developer agree to include certain projects that are often referred to as community benefits or public benefits, such as the development of a park or another public amenity. for example, california pacific medical center development agreement requires the development of a variety of different public amenities. so that is not what we're talking about today, so i just wanted to clarify that. additionall

>> it's an open question, i'll say, and maybe that can be lafco's number one job. we have some legal opinions that have -- that vary about whether you just accept deposits from yourself, are you a bank or are you not? >> supervisor ronen: interesting. very interesting. so in terms of our work on this body, could you give us some of your thoughts about what would be helpful for us to focus on that would be complimentary and useful? >> yeah, absolutely. so i mean, i think what probably makes the most sense, and we discussed this a little bit are around these questions of governance and structure. for instance, would you want the bank to be an llc, would you want it to be a nonprofit? what would the board look like? there's a lot of complicated questions around tax status in that an entity that's owned by the city, how would it be treated under tax purposes? how would it be treated under bank law? and is it a bank holding company which comes with all these legal requirements, but it's not clear if a municipal entity owns a bank, do they all under that subject? so i th

after there, so i would like to make a motion to continue these two items until the next meeting of lafco. >> clerk: madam chair, we still need to take public comment, though. >> supervisor fewer: yes, and now i'd like to take public comment on items six and seven. seeing none, public comment is now closed. [ gavel ]. >> supervisor fewer: colleagues, so can we take that motion without objection to continue the item? thank you very much. [ gavel ]. >> supervisor fewer: madam clerk, can you please call item eight? [agenda item read] >> supervisor fewer: thank you. is there any public comment today? seeing none, public comment is now closed. [ gavel ]. >> supervisor fewer: madam clerk, is there any further items? >> clerk: we still have item number nine, future agenda items. >> supervisor fewer: okay. we need to open that up. is there any further agenda items? >> eric brooks. since you're in a hurry, i'll make this quick. it is vital that on your next agenda, and i've spoken to brian about this, this you take up legislation that is in sacramento so that we can make some decisions about it, p