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OCII adopts $377.5 million FY2014–15 budget, shifts funding toward affordable housing
Summary
The Commission adopted a $377.5 million budget for fiscal 2014–15 emphasizing affordable housing (about 49% of the plan), restored several project items, and included programming of $9.2 million in excess pre‑2011 bond proceeds; staff said the package preserves flexibility subject to ROPS and Department of Finance review.
The Commission on Community Investment and Infrastructure unanimously adopted its FY2014–15 budget, authorizing Executive Director discretion to make nonmaterial adjustments during subsequent Mayor’s Office and Board of Supervisors review.
Deputy Director Leo Levinson told commissioners the agency’s proposed budget is $377.5 million — a $53.5 million increase from the prior year — primarily because of anticipated affordable housing fees and a planned drawdown of prior‑year fund balances. Table summaries presented by staff show roughly 49 percent of the spending plan allocated to affordable housing, 31 percent to debt service, 11 percent to infrastructure, and the remainder to asset management and project administration. Levinson said the budget includes modest restorations and additions to program lines: $250,000 for a Hunters Point surety-bond assistance program, $79,000 returned to an international African marketplace account in the shipyard, $275,000 (combined) for Mission Bay public art and Yerba Buena Gardens planning adjustments, and $150,000 for temporary-staffing capacity.
Staff also explained that a recent finding of completion from the Department of Finance freed up previously restricted pre‑2011 bond proceeds and allowed programming of $9.2 million of those balances (about $8.1M in housing‑designated tax‑exempt bond balances and $1.1M non‑housing tax‑exempt bond balances). Levinson said a DOF calculation also allows paying back certain pre‑dissolution loans up to 50 percent of the freed increment; the staff estimate for that programmatic repayment was approximately $2.95 million in the current plan.
Commissioners asked whether South Beach Harbor positions remain in the OCII payroll; staff replied the harbor had not yet transferred to the Port and the positions are budgeted to continue until formal lease termination by July/September. Questions about salary ranges drew an explanation that the budget provides authority for positions and ranges but that salary‑setting changes (for example, through labor negotiations) would follow separate ordinances. Staff noted the budget will be forwarded to the Mayor’s Office and included in the citywide submission to the Board of Supervisors; DOF and ROPS reviews remain required for certain items.
The commission adopted the budget by roll-call vote (five ayes). Staff will forward the budget to the Mayor’s Office and the Board of Supervisors and will return with any material changes as needed.
