Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
DBI reports $3.5 million shortfall covered by project closures, projects budget trimmed
Summary
The Department of Building Inspection reported a projected FY08-09 revenue shortfall covered by closing projects and discretionary funds; commissioners discussed personnel cuts, reduced project spending and a delayed permit-tracking funding decision.
Vivian Day, director of the Department of Building Inspection (DBI), and Financial Services Manager Pamela Levin told the Building Inspection Commission on Aug. 19 that DBI expects a discretionary fund balance of about $311,000 as of Aug. 10 and a projected net shortfall of roughly $3.5 million for FY2008–09.
Levin said total revenues are below budget by about $8.2 million, driven by an estimated $12 million shortfall in charges for services and a $500,000 decline in interest and investment revenue, offset by approximately $3.8 million in additional revenues and accounting adjustments, including $2.7 million in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
