This meeting will come to order.

Uh this is the April 21st, 2021 budget and appropriations committee meeting.

I'm Matt Heaney, Chair of the Budget and Appropriations Committee.

I'm joined by committee members President Walton, Supervisors Ronan Safai and Marr.

I believe we are here all here.

Our clerk is Ms.

Linda Wong.

I would like to thank Galina Mendoza and Jim Smith from SFGov TV for broadcasting this meeting.

Madam Clerk, do you have any announcements?

Yes, Mr.

Chair, due to the COVID-19 health emergency and to protect board members, city employees, and the public, the board of supervisors, legislative chamber, and committee room are closed.

However, members will be participating in the meeting remotely.

This precaution is taken pursuance to the various local, state, and federal orders, declarations and directives.

Committee members will attend the meeting through a video conference and participate in the meeting to the same extent as if they're physically present.

Public comments will be available on each item on this agenda, Channel 26, 7899 and SFGTV.

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Finally, items added upon today are expected to appear on the Board of Supervisors agenda of April 27, unless otherwise did it.

Thank you, Mr.

Chair.

Thank you, Madam Clerk.

Can you please call item one?

Yes, item number one is a hearing to request the budget and legislative analyst to provide a budget and policy analyst of miscellaneous funds held by city departments, including various reserve accounts, review of the controls over such funds, and an analysis of how those funds could be used to meet the immediate needs of the city.

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Great.

Thank you, Madam Clerk.

Colleagues, as you are aware, uh going into the budget season uh and process, uh, there are some issues where we want to have a deeper dive with the support of our budget uh and legislative analysts office.

And uh this is the first of those presentations that we're going to be hearing in the coming weeks.

Uh and this is one that uh that I requested uh to to have a deeper look into some of the special and miscellaneous funds, uh, which I think uh are critical for us to make sure all of the funds are being used for their appropriate purposes and that um if there are any um you know um uh situations where those are available for more immediate or effective needs.

Uh that's something we can consider as we go into the budget uh process this spring.

Um so with that I am going to turn it over to uh Miss Campbell uh and uh for I believe a presentation.

Okay.

Uh yes, uh good afternoon, Chair Haney, members of the committee.

Seven Campbell from the budget legislative analyst office.

I do have a brief presentation on our report uh for this committee.

And let's see, I hopefully it is showing correctly.

Um we were asked, as Supervisor Haney said, to look at city reserves and a department of funds.

We focused our report on governmental funds.

This is the category of funds that account for the day-to-day operations of government.

And our report area really focused on two things um general fund reserves and special revenue funds.

So we took uh our information from the city's comprehensive annual financial report.

And in looking at that report, it shows that the city's general fund balance increased by 21% from $2.2 billion in June of 2018 to uh $2.7 billion in June of 2020.

And this slide shows the various categories of the general fund balance.

So as you'll see, there is some component of the general fund balance that is restricted.

That means that it would take, in this case, it would take an act of the voters to change the use of the restricted portion of the fund.

And I will talk about that more.

I'll also talk a little bit more about what we call the committed and the unassigned fund balance, which are considered to be part of the unrestricted general fund balance.

So the restricted fund balance of the 230 million, 229 million is actually the rainy day reserve.