OCII previews $527.3 million FY2021 budget, flags COVID-era adjustments and equity review

The Commission on Community Investment and Infrastructure held a remote workshop on June 2, 2020, to review OCII’s proposed fiscal year 2021 budget of $527.3 million and to hear project-level plans for Mission Bay, Transbay and Hunters Point/Candlestick Point.

Mina Yu, Financial Reporting and Management Analyst for OCII, told commissioners the total FY2021 budget is "$527,300,000," with the majority funded by prior-period authority, followed by property tax and fund balance. She said programmatic expenditures total about $362.2 million, with the remainder going to operations, debt and funds remitted to the Transbay Joint Powers Authority (TJPA).

The presentation broke the budget into major areas. OCII’s infrastructure and non-housing work totals roughly $237.5 million, much of it earmarked for development infrastructure reimbursements that cover work developers complete on the ground and then submit for payment, Yu said. In Mission Bay, project manager Mark Slutskin said OCII plans to complete the final streets and construct three parks (P3, P19 and P27), continue work on Bayfront Park (P22) and begin construction of a final stormwater pump station. Slutskin said the $178.3 million figure for Mission Bay includes reimbursement for prior-year work as well as funds for upcoming work and listed line items such as $2.3 million for plan and permit review and $900,000 for consultant review.

Sally Orth, deputy director for projects, presented the Transbay budget…