Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
SFPUC Q2 budget update: retail sales below budget, water overtime rising during Hetch Hetchy outage
Summary
New SFPUC finance staff told commissioners second-quarter actuals (through December 2024) show retail sales below budget across enterprises, offset by non-personnel and wholesale revenues; the water enterprise is over budget on overtime related to an Hetch Hetchy shutdown.
SFPUC finance staff reported the agency remains within policy targets despite a mix of revenue shortfalls and expense offsets in the second-quarter budget status report, but commissioners were warned that retail sales are lower than budget and water overtime spending is a near-term pressure.
Anna Dooney, who said she had recently taken responsibility for the quarterly budget reports, presented Q2 actuals through December 2024 and told commissioners, "The main takeaway here is that, despite these ups and downs, they largely balance out, we are on track, and importantly, we're continuing to meet our financial targets." She…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
