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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 anticipated or budgeted for.” He said projected year‑end expenditures are lower than budgeted and that the department currently anticipates dipping into reserves by about $1,100,000; the unrestricted fund balance was projected at approximately $600,000.
Commissioner Walker queried a different reserve figure—recalling a roughly $10,000,000 surplus in a prior report—and asked whether the department would request a controller assessment. Director Hassan and staff agreed to work with the Controller’s Office, present a clearer breakdown of obligated versus unobligated reserve funds, and return to the commission in June with a more detailed explanation. “We’re gonna work with the controller’s office. We’re gonna make a presentation and we’ll have somebody from the controller’s office here also present to answer any questions that might come up,” Hassan said.
The commission agreed to continue discussion of deteriorating DBI special fund details (item 7) to the June meeting to allow staff time to refine the analysis and to bring a controller representative if needed.
No formal budget adoption or transfers were approved at the meeting; commissioners asked for a clearer accounting so they could evaluate the department’s staffing and program options during the budget cycle.
