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From YouTube: San Bruno City Council Meeting June 10, 2014 10a. SBCF
Description
San Bruno City Council Meeting June 10, 2014
10a. Approve San Bruno Community Foundation's 501(c)(3) Application and 3-Year Budget
A
Me
just
say
one
thing
mark
just
so
everyone
knows
everyone
knows
I
just
want
to
reiterate.
This
is
not
a
full-blown
comprehensive
report
on
what
everybody's
been
doing
up
to
date.
It's
pretty
much
a
highlight
of
where
they
are
at
this
point
in
time,
but
we
will
be
getting
a
full
report
from
the
entire
foundation
board,
probably
within
the
next
two
months.
B
Thank
you
for
for
that
comment.
We
we
are
here
tonight
on
this
item,
to
review
and
at
your
discretion,
approve
the
San,
Bruno
Community
Foundation's
three-year
budget,
and
that's
a
budget
that
accompanies
the
501c3
application
that
the
foundation
is
intending
to
file
with
both
the
internal
revenue
service
and
then
the
state
of
California
to
obtain
tax-exempt
status
as
you've
indicated.
This
is
a
big
step
for
the
foundation
as
it
moves
forward
toward
full
operations,
which
it's
been
working
diligently
on
in
the
last
many
months.
B
The
staff
report
in
front
of
you
details
all
of
the
steps
that
you,
the
city
council,
took
since
last
March
informing
that
organization
and,
as
you've
indicated,
the
San,
Bruno,
Community,
Foundation,
President
and
other
board
members
will
be
coming
to
you
at
a
subsequent
meeting
to
tell
you
all
about
their
activities.
But
tonight's
action
is
limited
to
review
and
approval
of
the
three-year
budget
and
the
501
C
3
application.
I
do
see
that
treasure
been
cone,
is
here
from
the
foundation
to
introduce
himself
and
answer
any
questions.
B
B
Let's
take
a
minute
and
tell
you
a
bit
about
the
staff
report,
it
does
explain
the
numbers
and
assumptions
that
are
behind
the
budget
and
it's
important
to
keep
in
mind
that
this
budget
is
required
to
be
a
good
faith
estimate.
That's
what
the
IRS
says:
it's
not
an
operating
budget,
that's
something
that
the
board
is
going
to
do
separately
and
independently
at
the
appropriate
time,
so
the
budget
can
be
modified
at
a
later
date.
This
budget
is
really
just
for
the
purposes
of
filing
the
501
C
3.
B
It's
required
to
be
filed
along
with
it,
because
the
IRS
wants
to
know
what's
the
organization's
plan.
So
in
summary,
the
budget
anticipates
about
a
seven
percent
return
on
funds
and
about
a
five
percent
pay
out
in
the
next
two
fiscal
years.
What
is
that
based
on?
Well?
It's
based
on
the
development
of
grant
making
and
investment
policies
and
those
policies
are
yet
to
occur.
So
that's
something
that
we
and
the
consultants
will
be
helping
the
foundation
do
over
the
next
coming
months.
B
B
I
won't
go
through
them
unless
you
have
any
any
questions,
they
were
all
based
on
a
couple
of
things:
first,
input
from
the
consultant
at
the
Silicon
Valley
Community
Foundation,
but
also
the
board
of
directors
appointed
a
sub
committee
consisting
of
board
members,
headley,
Boehm
and
John
McLaughlin,
who
isn't
here
tonight,
and
they
worked
closely
with
staff
and
the
consultant
to
develop
the
information.
That's
that's
in
the
budget
and
we'd
like
to
thank
them
for
their
assistance
with
that.
So
attached
to
your
staff
report
tonight
is
the
staff
report
we
prepared
for
the
foundation.
B
When
this
item
went
before
them.
They
review
the
budget.
They
had
a
couple
of
tweaks
to
it.
We
corrected
some
typos
and
they
eventually,
as
you
can
see,
adopted
a
resolution
approving
the
budget
and
the
entire
501c3
application.
We
did
spare
you
from
that
70
page
application.
It
is
online.
You
can
find
it
if
you
wish
on
the
city's
website
under
the
San
Bruno
Community
Foundation,
and
it's
listed
as
one
of
the
agenda
items
or
the
Community
Foundation's
staff
report
for
their
may
15
2014
meeting.
So
that
concludes
my
report.
C
Good
evening,
mr.
mayor
members
of
the
council,
as
was
mentioned,
my
name
is
Ben
Cohen
I'm,
the
treasurer
of
the
San
Bruno
Community
Foundation
joined
by
a
couple
of
my
fellow
board
members
here,
and
those
that
couldn't
make
it
this
evening
send
their
regards
I
just
like
to
sort
of
reiterate
how
important
this
milestone
is
for
the
foundation
and
our
progress
and
moving
forward.
C
It
was
a
real
collective
effort
of
the
board
city
staff,
our
council
and
consultants,
and
I
think
that
we've
worked
exceptionally
well
together
to
this
point
and
are
very
happy
to
have
arrived
at
this
moment.
To
put
this
application
and
budget
before
you
for
your
approval.
I'd
also
like
to
just
mention
that
you
know
a
budget
is
really
more
than
a
financial
document.
C
It
really
speaks
to
the
values
of
an
organization
whether
the
federal
budget
to
the
family
budget,
whatever
it
may
be,
and
I
think
that
in
looking
through
our
budget
and
our
application,
you'll
really
find
our
commitment
to
the
community.
Our
commitment
to
prudence
and
due
diligence
and
the
work
that
we're
doing
and
I
think
that
I
can
speak
for
all
the
board.
Members
and
say
that
we're
all
very
honored
and
privileged
to
to
be
able
to
serve
in
this
capacity,
and
we
look
forward
to
what
lies
ahead.
Thank.
D
If,
if
I
can
ask
question
we're
talking
70
million
dollars,
that's
start
up
for
this
for
the
foundation.
Is
it
because
it's
truly
that
much
money
that
this
whole
setup
in
the
process
is
this
involved
I've
been
affiliated
with
service
organizations
that
have
gotten
501c3
status
and
and
also
smaller
foundations?
You
know
under
a
half
a
million
dollars,
basic
paperwork
things,
and
you
know
nothing
of
this
scale.
So
could
you
just
if
you
heard
right.
B
There's
really
I
think
a
couple
of
key
reasons
why
this
process
has
been
so
complicated.
The
first
one
is,
you
indicated,
is
yes,
it's
a
tremendous
amount
of
money,
and
so
I
think
everybody
wants
to
make
sure
that
they're
doing
it
right
the
first
time,
because,
with
that
much
money,
you
don't
really
get
a
second
chance.
The
second
reason
why
it's
so
complex
is
because,
unlike
other
foundations
with
seed
money,
this
foundation
was
started
with
money.
That
was
the
result
of
a
legal
settlement
between
the
city
and
PG&E.
B
That's
a
very
unusual
circumstance,
and
that
has
resulted
in
both
the
attorneys
and
our
consultants
wanting
to
make
sure
they're
cautious
about
each
step
of
the
way,
making
sure
that
all
of
the
legalities
are
taken
care
of.
The
third
reason
why
it's
so
different
is
because,
unlike
other
foundations,
this
foundation
lives
in
a
world
that
is
neither
entirely
nonprofit
nor
entirely
public
entity.
It's
both
most
foundations
are
simply
nonprofits
they're
governed
by
the
corporation's
code.
This
foundation
is
governed
by
both
corporations
code
and
the
government
code,
the
same
code
that
you
all
are
governed
by.
B
So
whenever
we
have
documents
to
look
at
or
policies
to
prepare,
we
have
to
make
sure
that
they
comply
with
both
sets
of
rules,
and
it's
been
remarkably
challenging
to
do
that.
Lastly,
this
is
one
of
those
things
that
I
don't
think
anybody
has
ever
done
before
and
so
in
a
way
both
are
outside
counsel
myself
off
the
staff
and
our
consultants
are
inventing
something
that
has
never
never
previously
existed
and
I
think
those
are
the
reasons
why
it's
been
such
a
difficult,
but
also
very
rewarding
process
and.
D
B
What
we
want
to
do
is
make
sure
that
the
foundation
has
in
place
all
of
the
policies
or
the
critical
policies
that
are
necessary
for
its
operation,
because
if
they
start
operations
before
those
policies
are
implemented,
then
somebody's
likely
to
say
well
how
come
you
didn't
do
this
or
how
come
you
didn't
do
that,
so
we
think
it's
critical
for
those
policies
to
be
in
place
before
important
community
decisions
are
made
in
addition
to
that,
there's
also
going
to
to
be
I.
Think,
as
you
expected
a
public
process
for
all
of
that
to
occur.
B
We
do
know
that
the
IRS
could
take
up
to
18
months
to
approve
the
application,
but
that's
not
going
to
stop
the
foundation
from
diligently
continuing
to
meet
every
month,
as
it
has
in
the
last
over
five
or
six
months
to
get
all
of
those
policies
squared
away
we're
hopeful.
It
will
be
in
the
next
fiscal
year.
Okay,.
A
E
Rico
I'm
just
gonna,
say
and
I
think
the
city
attorney
said
it
is
that
it
is
something
again
unchartered
and
so
it's
a
matter
of
getting
the
right
there
under
the
brown
act
as
far
as
provisions
and
posting
meetings,
and
it
may
take
longer
to
get
things
done,
but
it's
certainly
done
with
transparency.
It's
also
done
I
think
with
a
lot
of
thought
through
the
process,
just
as
we
try
to
come
up
with
bylaws
that
had
to
last
for
three
years
my
understanding
on
this
particular
issue
with
the
budget.
E
It's
something
that
we
need
to
get
down
and
have
something
of
a
starting
point,
but
it
doesn't
necessarily
put
anyone
within
the
parameters
of
the
budget,
but
something
the
process
must
begin
somewhere.
So
I
would
say
that
the
the
board
is
in
operation
and
has
been
since
his
appointment
by
this
council,
so
I
think
they're
up
and
running
and
I
think
they're
taking
a
task
that
will
have
rewards
in
the
end,
but
obviously
we'll
have
a
slow
process
to
get
to
those
and
I
commend
them.
E
F
I
just
want
to
thank
that
each
member
of
the
board
and
remind
the
public
that
these
are
dedicated
volunteers.
They
put
hours
and
hours
into
this
I'm
a
lot
of
thought
and
attention
and
when
you
corral
them
at
the
grocery
store
hey,
how
are
you
doing
this
out
of
the
goodness
of
their
heart
and
for
the
love
of
the
community?
So
please
keep
that
in
mind
and
don't
harangue
them.
Thank
you.
A
A
I
would
also
like
to
add
my
sincere
appreciation
to
the
entire
board.
I'm
sure
you're,
all
delighted
that
you
volunteered
for
this,
but
it's
going
to
it,
is
rewarding
and
it's
going
to
be
very
rewarding.
You
started
with
a
blank
sheet.
Nobody's
ever
really
done
this
type
of
thing
before
it's
a
real,
hybrid
and
walking
through
this
a
little
minefield
of
federal
regulations
and
the
Brown
Act
and
everything
else
that
a
lot
of
other
nonprofits
don't
have
to
negotiate.
So
it's
been
quite
a
ride.
It's
not
over
yet,
but
you're
doing
a
great
job.