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DBI projects revenue shortfall but expects net positive year‑end outcome
Summary
DBI projects recovering about 63.1% of a $58.8M revenue budget, creating a $4.4M gap offset by $5.0M in expenditure savings for a net $600,000 positive projection to be deposited to reserves.
Deputy Director Alex Koskinen reported to the Building Inspection Commission on April 17 that DBI expects to recover roughly 63.1% of its $58.8 million revenue budget for the year, creating a $4.4 million shortfall that will be largely offset by projected operating expenditure savings of $5.0 million.
Koskinen said the department had budgeted to use $22.9 million in fund balance this year but that if the current projection holds…
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