Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee files hearing after analysts flag growing special revenue and reserve balances
Summary
Budget analysts told the Budget and Appropriations Committee that San Francisco's general fund balance rose from $2.2 billion to $2.7 billion and that 22 special revenue fund categories now hold about $1.8 billion, and the committee filed the hearing and asked departments for follow-up during budget reviews.
Sevin Campbell of the Budget and Legislative Analyst's Office told the Budget and Appropriations Committee on April 21 that the city's general fund balance increased from $2.2 billion in June 2018 to $2.7 billion in June 2020 and that 22 special revenue fund categories together held about $1.8 billion as of June 2020.
"The restricted fund balance is the rainy day reserve," Campbell said, and she described the distinction between restricted, committed and unassigned portions of the general fund. Campbell told the committee the board had assigned roughly $570 million to a COVID response and economic reserve in the 2021…
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
