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DBI reports about $18M net surplus for FY2013–14 after deferred revenue adjustments; hiring and temporary fee cut discussed
Summary
Deputy Director Taris Madison told commissioners DBI ended FY2013–14 with roughly $26–$28 million on hand but, after deferred‑revenue adjustments, about an $18 million net surplus; department highlighted revenue overperformance on plan‑review fees and described an aggressive hiring push and a temporary 7% fee reduction effective Sept. 2.
Deputy Director Taris Madison presented the Department of Building Inspection’s FY2013–14 year‑end financial report to the commission on Sept. 17, saying the department’s recorded balance was roughly $26–$28 million but that deferred‑revenue movements lowered the net surplus to about $18 million.
Madison said DBI collected roughly $22 million more in revenues than budgeted, with particularly strong plan‑review (plan checking) revenue — about $12 million over budget — driven in part by several very large projects ("one…
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