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DBI reports improved reserve outlook but seeks controller review of accounting
Summary
DBI reported year‑to‑date operating revenue of $33.46 million through March 2008 and projected fiscal‑year revenue of $42.73 million; staff said projections reduced the anticipated reserve drawdown to about $1.1 million but commissioners asked for a controller office reconciliation to resolve an $8 million perceived discrepancy.
At the May 21 meeting the Department of Building Inspection presented its monthly financial report and said revenues are stronger than originally budgeted but still down slightly from earlier expectations.
Director Hassan told the commission that year‑to‑date operating revenue through March 2008 is $33,460,000 and that projected fiscal‑year revenue is $42,730,000, “representing a $2,370,000 projected surplus over what we…
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