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SFPUC reports fourth straight clean audits; commission authorizes wastewater bond refunding
Summary
KPMG delivered a clean opinion on SFPUC finances and staff outlined actions on assistance program eligibility; the commission authorized up to $250 million in wastewater refunding bonds and up to $420 million in new bonds, with projected savings around $43 million.
The San Francisco Public Utilities Commission heard the independent audit partner and CFO present the annual financial audits and then authorized a bond refunding aimed at saving ratepayer dollars.
Todd Reedstrom, assistant general manager and CFO, said the SFPUC received unqualified (clean) audit opinions for the water, wastewater and Hetch Hetchy enterprises — the fourth consecutive year with no material…
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