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Committee releases $12.3 million rainy-day reserve to support SFUSD payment
Summary
The Budget and Finance Committee released $12,287,500 from the rainy-day reserve to the Department of Children, Youth and Their Families for payment to the San Francisco Unified School District after finding the release conditions satisfied; the motion passed by consent.
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The Budget and Finance Committee approved release of $12,287,500 from rainy-day reserve funds to the Department of Children, Youth and Their Families for payment to the San Francisco Unified School District. The chair said the reserve'release conditions had been met, including receipt of the district's report on use of the funds, and Vice Chair (Supervisor) moved to release the funds; supervisors took the motion without objection.
The committee opened public comment on the item, heard none, and approved the recommendation to release the reserve to allow payments to proceed.
