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This plan was developed so that the Commission can create annual budgets and link spending to the Strategic Plan, spend down the Sustainability Fund gradually so that it would sustain an appropriate level of support for children and families in San Francisco, and to comply with California state law.
Overview of Plan
- Total spending of $55 million over five years for grant funding and administrative support
- 2008-2009 budget = $13.0 million
- Annual budget will increase 2.5% per year, including cost-of-living adjustments for grantees
- Sustainability Fund of $14.1 million will be used over five years to augment program funding by $13.0 million
- Interest on Reserve Fund will be used for special funding initiatives and emerging needs
|
| ACTUAL
2007-2008 |
BUDGET
2008-2009 |
2009-2010 |
2010-2011 |
2011-2012 |
| Prop 10 Allocation |
$6.8M |
$6.8M |
$6.7M |
$6.6M |
$6.5M |
| Matching Fund Grants |
$1.6M |
$1.6M |
$860K |
$600K |
|
| Interest |
$1.0M |
$654K |
$454K |
$351K |
$222K |
| TOTAL REVENUE |
$9.4M |
$9.1M |
$8.0M |
$7.5M |
$6.7M |
| |
| Expense |
$8.4M |
$13.0M |
$10.9M |
$11.2M |
$11.5M |
| Use of Sustainability Fund (cumulative) |
|
$1.6M |
$4.5M |
$8.2M |
$13.0M |
| Sustainability Fund Ending Balance |
$14.5M |
$13.0M |
$10.0M |
$6.3M |
$1.5M |
| Use of Reserve Fund |
$11.3M |
$9.0M |
$9.1M |
$9.3M |
$9.5M |
|
