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Controller recommends roughly $17 million stabilization reserve for DBI; suggests $23 million for one‑time capital projects
Summary
A controller's office analysis recommended the Department of Building Inspection set aside about four months of operating expenses (roughly $17 million) as an economic stabilization reserve and direct roughly $23 million of remaining fund balance to one‑time capital investments, while boosting staffing and conducting a fee study.
Heather McDonald, a performance analyst in the City Services Auditor division of the Controller’s Office, told the Building Inspection Commission on April 17 that her office’s financial analysis recommends DBI set an economic stabilization reserve equal to roughly four months of operating expenses — about $17,000,000 — to protect against cyclical revenue declines tied to construction cycles and emergencies such as earthquakes. McDonald said the recommendation is grounded in an analysis of historical revenues and expenditures and benchmarking against other building inspection agencies, whose targeted reserves ranged from…
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