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SFPUC adopts biennial operating, capital and 10-year financial plans
Summary
On Feb. 8 the San Francisco Public Utilities Commission voted to adopt the two-year operating and programmatic budget, the two-year capital budget, and the 10-year capital and financial plans. The roll included corrected language on item 11 and staff highlighted Clean Power SF costs included in the operating budget.
The San Francisco Public Utilities Commission on Feb. 8 voted to adopt its biennial operating and programmatic budget (Item 11), the two-year capital budget (Item 12), the 10-year capital plan (Item 13) and the 10-year financial plan (Item 14).
Staff summarized the package and noted several points for commissioners: previously approved water and sewer rate increases (presented as water ~10.7% and sewer ~7.11 in staff slides) are already reflected in the revenue projections; Clean Power SF was added as a new commodity revenue source with associated operating costs (approximately $26 million in FY2017 and $30 million in FY2018 reflected in the operating budget presentation); and debt service plus revenue-funded capital represent the largest uses of funds (about 402--42% combined).
Deputy General Manager Michael Carlin and CFO Eric Sandler walked through program-level sources and uses, the 2-year capital appropriation (about $1.5 billion over two years, with about 70% of near-term appropriations directed to the Sewer System Improvement Program/wastewater enterprise) and the 10-year capital plan (approximately $7.9 billion with about $5.5 billion for wastewater efforts over the 10-year horizon). Staff said the 10-year plan decreased by roughly 3.3% versus the prior plan but still emphasizes wastewater capital and major projects such as mountain-tunnel work and Calaveras-related items.
Commissioners discussed a supplemental transmittal/resolution text to urge the Mayor and Board of Supervisors to preserve SFPUC priorities as the city budget process proceeds and to consider municipal power-rate adjustments supporting the power enterprise; staff agreed to prepare a letter of transmittal with key points for broader circulation.
Votes: the commission called and passed each item by voice vote with no roll-call tallies announced on the record. Item 11 passed with a correction; Items 12, 13 and 14 passed on subsequent motions and voice votes. The Commission then adjourned.
