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Supervisors accept OEWD review and recommend six Community Benefit District reports to full Board
Summary
The Government Audit & Oversight Committee reviewed OEWD’s fiscal and governance findings for six San Francisco property‑based Community Benefit Districts (Yerba Buena, Ocean Avenue, Castro/Upper Market, Noe Valley, Discover Polk and Lower Polk) and voted to recommend the resolutions to the full Board.
The Government Audit and Oversight Committee on Feb. 6 reviewed the Office of Economic and Workforce Development’s findings on six property‑based Community Benefit Districts (CBDs) and voted to recommend their annual reports to the full Board of Supervisors. The committee took items 1 through 6 together and advanced the resolutions by a unanimous roll call of the three members present.
OEWD program director Chris Corgas summarized the office’s audit approach and the four fiscal benchmarks it uses to assess CBDs: variance from management‑plan budgets, non‑assessment revenue targets, budget actuals versus budgeted service‑category percentages, and identification of carry‑forward funds and planned…
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