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SFPUC audit and budget updates: open recommendations, franchise fee audits, and surplus water revenues
Summary
SFPUC staff reported 37 audit projects (16 completed) with 29 open recommendations (87% completion rate), highlighted an SSIP pre-construction audit and steps to tighten review of wholesale revenue calculations, and said water revenues are about $50 million above budget while wastewater is ~3.5% above; commissioners pressed for schedules to close long-open audits.
Nancy Hahn, Deputy Chief Financial Officer for Assurance and Internal Controls, presented the Q3 audit and performance report. She said the agency had 37 projects in Q3, 16 completed and 12 in progress; three new audits began this quarter including a PG&E interconnection cost audit and two franchise-fee audits (PG&E and NRG Energy Center franchise-fee reviews). The City Services Auditor completed a highlighted SSIP planning and pre-construction audit and recommended the development of written project-development and risk-management…
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