Audits, public-perception survey, and spring bond issuance plans detailed to oversight committee

City services auditors and performance staff updated the committee on ongoing work and planned deliverables. Mark De La Rosa, director of audits, said the office is completing three public-integrity assessments and will soon issue a 24-month status update on public-integrity recommendations; audits in the work plan include a landfill-agreement audit and an SFPUC contracting and procurement assessment.

Natasha Michal, city performance director, said the office is finalizing an annual performance-measure report and a public-perception survey, with findings expected at the committee's December meeting; the survey data and interactive graphics will be published on the city website and open-data portal.

Vishal Trivedi from the Office of Public Finance presented a forward calendar for planned spring bond issuances and said staff are exploring grouping three issuances into a single transaction: a 2019 affordable housing issuance (roughly $175 million), a planned issuance tied to the 2018 seawall program (estimate roughly $80–100 million, subject to coordination with the port), and a Rec Park issuance tied to the health and recovery bonds (estimated $25–30 million for Rec Park projects). Trivedi explained that issuance sizing and timing depend on project readiness and coordination of other funding sources.

Committee members asked clarifying questions about lingering bond-proceeds balances from earlier programs and the mechanics of issuing and spending proceeds; staff explained that some small residual proceeds remain in city accounts to be spent down during closeout and that interest rules and IRS arbitrage reporting apply.