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Committee backs SFPUC bond and capital amendments, recommends full board review
Summary
The Budget & Finance Committee recommended approval of four SFPUC measures that increase water and power bond authorizations and reallocate capital appropriations, sending the items as a committee report to the full Board of Supervisors.
The San Francisco Budget and Finance Committee on June 14 recommended approval of four measures from the San Francisco Public Utilities Commission that amend the commission's previously approved fiscal capital plan and increase bond-authority limits.
Charles Pearl, deputy chief financial officer for the SFPUC, told the committee the supplemental package includes a $26.1 million increase in water enterprise project spending (including $19 million for water-supply diversification work and $4.5 million shifted forward for a Daly City recycled water project), and $27.9 million in additional Hetch Hetchy/power project spending primarily to add transmission capacity for the Bay Corridor power infrastructure. "What we're bringing forward to you today are amendments to our already approved fiscal 20 capital budget," Pearl said.
The measures also change the source mix for several power projects — shifting some funding from revenues to voter-authorized Prop A bond financing — and reappropriate closed-out balances within the Water System Improvement Program so funds can complete remaining regional projects. The Budget Analyst Office summarized the impact in tables and recommended approval: Severn Campbell said the water combined authorization would rise from about $478 million to roughly $513 million and power authorization from about $155 million to nearly $199 million.
Chair Sandra Lee Fewer made a motion to forward items 1–4 with a positive committee recommendation to the full Board of Supervisors. The committee took the motion without objection and the items will appear on the Board agenda as a committee report.
What happens next: the measures will be considered by the full Board of Supervisors; several items require ordinance adoption and some bond-authority increases may need a two-thirds vote depending on charter rules.
Provenance: Committee listing and staff recitation of the SFPUC items were read into the record (item descriptions) and the SFPUC presentation and BLA recommendation were given during the session (transcript segments where items were introduced and discussed).
