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Board adopts FY20-21 budget amid concern over falling surcharges and reserve drawdown
San Francisco Board of Appeals · February 20, 2019
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Summary
The Board of Appeals adopted its proposed two-year budget for FY20-21. Staff reported a projected FY19 deficit (~$177,616), a reserve of $955,773, an estimated $160,000 one-time move cost and a preliminary FY21 rent estimate of $130,000; commissioners asked the Controller to review surcharge levels.
The San Francisco Board of Appeals on Feb. 20 adopted its proposed budget for fiscal years 2020 and 2021 after staff outlined revenue and expenditure projections and commissioners discussed possible adjustments to surcharge rates.
Staff told the board that approximately 96% of the…
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