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DBI finance update: deferred credits, 7% temporary fee cut and pending fee‑study
Summary
DBI reported it will publish a final fiscal‑year 2013–14 closeout in September after reconciling revenues and expenditures, cited roughly $13 million in deferred‑credit adjustments, and reiterated a temporary 7% staff‑services fee reduction that takes effect the first business day in September pending a fee study.
DBI’s Chief Administrative Officer, Tyrus Madison, told the Building Inspection Commission that the department will defer publication of the final August fiscal close until Controller’s‑office reconciliations complete (the Controller allows reconciliation through Aug. 30). Madison said DBI is finalizing a deferred‑credit schedule that may total approximately $13 million and will present a final fiscal‑year 2013–14 close in September.
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