Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
SFPUC reports drought‑related revenue shortfalls but meets reserve targets
Summary
The SFPUC reported year‑end pre‑audit numbers showing drought‑related revenue declines across water, wastewater and power enterprises; mitigation with one‑time savings left reserve and coverage ratios within policy targets. Staff previewed the biennial budget adjustments and next steps for policy reviews.
San Francisco — At its Sept. 27 meeting the San Francisco Public Utilities Commission reviewed Q4 pre‑audit financials and a biennial budget recap covering fiscal years '17–'18.
Eric Sandler, CFO and Assistant General Manager of Business Services, told commissioners drought conditions reduced revenues: the Water Enterprise declined about $57 million (the largest share from a $43 million drop in wholesale revenues), Wastewater about $11 million and Power…
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
