Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Dbi Finances topic
No spam. Unsubscribe anytime.
DBI reports strong permit revenue, budgeted fleet electrification and $5.7B in active construction
Summary
DBI finance staff reported a projected year‑end balance of about $23.73M driven by permit revenues, budgeted vehicle purchases and infrastructure for partial fleet electrification, and acting director Tom Hui said active construction projects total roughly $5.7 billion.
Deputy Director Pamela Levin presented the department’s 11th‑month financial report on June 19, reporting a projected fiscal‑year balance of about $23.73 million. Levin said that figure reflects approximately $21.48 million in additional revenues compared with budget and $2.25 million in expenditures; the department expects to move $3–5 million into deferred credits and has set aside funds for a stabilization reserve and a $15 million capital reserve for facilities.
Levin told the commission that year‑to‑date revenues are stronger than 2012 (May 2013 revenues were about 21% higher year‑to‑date) and that permit valuation is up roughly 41% over the same period in 2012. The department has been hiring — including clerks, engineers and inspectors — to keep pace with workload.
On fleet electrification, Levin said DBI is budgeting vehicle replacements and charging infrastructure across fiscal years: the initial plan calls for replacing 10 vehicles (eight plug‑in hybrid sedans and two CNG trucks) in 2013–14 and additional replacements in 2014–15, with budget lines for vehicles and infrastructure (charging stations and electrical upgrades). Levin noted that locating parking/charging capacity is a key challenge and that contracts with fleet vendors are in progress.
Acting Director Tom Hui updated commissioners on major projects, saying the city currently has a very large construction pipeline — he estimated about $5.7 billion in active project valuation and observed roughly 35 tower cranes in the city. Commissioners discussed staffing needs, the department’s facility master plan, and potential fee‑deferral programs for targeted incentives.
No formal commission vote was taken on financial items during the hearing; commissioners thanked staff for the budget work and asked for periodic updates on backlogs and staffing as the department executes the budget.
