Meeting Name: Budget and Finance Committee Agenda status: Final
Meeting date/time: 4/8/2020 10:00 AM Minutes status: Final  
Meeting location:
Regular Meeting
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Attachments:
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200296 2 Authorization to Borrow Funds - Short-Term Loan Program for SARS-CoV-2 Impacted Small Businesses - Treasurer-Tax Collector - Line of Credit Amount Not to Exceed $20,000,000OrdinanceKilledOrdinance authorizing the Treasurer to secure a short-term line of credit in an amount not to exceed $20,000,000, or in the alternative, partner with one or more financial institutions, for the purpose of providing short-term emergency unsecured loans to small businesses with a physical location in San Francisco that are unable to meet rent, mortgage, or other fixed operating costs as a result of the economic downturn caused by SARS-CoV-2.TABLEDPass Action details Video Video
200297 1 Appropriation - Short-Term Loan and Interest Proceeds - $20,000,000 - General Reserve $600,000 - Treasurer and Tax Collector’s Office - Individual Loans for Small Businesses Impacted by SARS-COV-2 - Appropriation - Event of Loan Default - $20,000,000OrdinanceKilledOrdinance appropriating $20,000,000 of short-term loan proceeds and $600,000 of the General Reserve to the Office of the Treasurer’s and Tax Collector to administer individual loans for small businesses impacted by SARS-COV-2 , appropriating $20,000,000 for loan default, and authorizing the Controller to reduce the loan default appropriation to the amount defaulted by June 30, 2021.TABLEDPass Action details Video Video
200238 1 Grant Agreement Amendment - Low Income Investment Fund - Child Care Facilities and Technical Assistance - $61,034,611 Total Grant AmountResolutionPassedResolution approving a second modification of the grant between the City and County of San Francisco and Low Income Investment Fund for the provision of child care facilities and technical assistance to support the City’s implementation of the San Francisco Citywide Plan For Early Care and Education, to extend the term up to two years for a total term of July 1, 2017, to June 30, 2022, and to increase the grant amount by $35,657,361 resulting in a revised total grant amount of $61,034,611 to commence following Board approval.CONTINUEDPass Action details Video Video
200212 1 Accept and Expend Grant and Amend the Annual Salary Ordinance - Retroactive - Regional Catastrophic Preparedness Grant Program - United States Homeland Security - $1,406,550OrdinancePassedOrdinance retroactively authorizing the Department of Emergency Management, as a fiscal agent for the Bay Area Urban Areas Security Initiative, to accept and expend a grant in the amount of $1,406,550 from the United States Department of Homeland Security for the Regional Catastrophic Preparedness Grant Program for the period of October 1, 2019, through June 30, 2020; and amending Ordinance No. 170-19 (Annual Salary Ordinance, File No. 190620 for FYs 2019-2020 and 2020-2021) to provide for the addition of two grant-funded part-time positions in Class 0931 Manager III (.30 FTE) and Class 1823 Senior Administrative Analyst (.75 FTE).RECOMMENDEDPass Action details Video Video