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San Francisco LAFCO adopts FY2014–15 budget; commissioners debate reserve level
Summary
The San Francisco Local Area Formation Commission approved its FY2014–15 final budget, accepted staffrecommendations and discussed whether to return reserve funds to the city; commissioners were told reserves are about $300,000 while typical annual spending is roughly $100,000 to $125,000.
The San Francisco Local Area Formation Commission approved its final budget for fiscal year 2014–15 and discussed whether to return reserve funds to the city and county or retain them for future projects.
Jason Fried, LAFCOexecutive officer, presented the budget at the meeting's second required hearing and identified a $44,445 reduction tied to changes in city staffing and how LAFCOinteracts with city…
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