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Committee approves release of $3 million reserve to San Francisco Zoo
Summary
By a 3-0 vote the Budget and Finance Committee approved releasing $3,000,000 in reserved funds to the San Francisco Zoological Society for general operating needs after the budget analyst reported improved cooperation on an ongoing audit.
The Budget and Finance Committee on Sept. 17 approved the release of $3 million in reserved funds to the San Francisco Zoological Society, which operates the San Francisco Zoo under contract with the city.
Background: The society operates the zoo under an annual contract with San Francisco; the city had placed $3 million of the $4 million annual subsidy on reserve in June because the Budget and Legislative Analyst office…
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