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Committee reviews annual reports for four Community Benefit Districts and forwards items to full Board
Summary
OEWD and four CBD executive directors reported on FY21–22 annual performance for Yerba Buena, Japantown, East Cut and Tenderloin CBDs, noting benchmarks largely met, a Japantown budget categorization error, and reporting corrections by Tenderloin; the committee voted 3-0 to forward items 2–5 to the full Board.
The Government Audit and Oversight Committee heard OEWD staff and executive directors from four Community Benefit Districts on March 7, 2024 and voted unanimously to forward annual report items for Yerba Buena, Japantown, East Cut and the Tenderloin to the full Board.
OEWD CBD program director Jackie Hazelwood summarized the city’s review process. She said OEWD evaluates CBD performance using four benchmarks: comparison of current year budget to the management plan; confirmation of non-assessment revenue obligations; comparison of budget to actuals; and reporting of carryforward and designated projects. Hazelwood reminded the committee that CBDs are governed by California Streets & Highways Code §36600 and the San Francisco Business and Tax Regulations Code (Article 15).
Yerba Buena CBD…
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