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Castro/Upper Market CBD met financial benchmarks but OEWD flagged Brown Act lapse, committee told
Summary
OEWD staff told the Government Audit and Oversight Committee the Castro/Upper Market Community Benefit District met fiscal benchmarks for FY2017–18 and generated nearly half its budget from non-assessment sources, but OEWD found a Brown Act violation tied to board turnover that the district corrected; the committee recommended the report to the full Board.
The Government Audit and Oversight Committee heard that the Castro/Upper Market Community Benefit District met all four OEWD benchmarks for its FY2017–18 annual report but was found to have violated the Brown Act, a staff presentation said.
"They met all benchmarks and requirements," OEWD project specialist Helen Marr told the committee, summarizing OEWD's review of management-plan versus budgets, assessment revenue versus other income, budget-to-actual variances, and disclosure of carryover funds. Marr said the district "was in violation of the Brown Act" and that OEWD believes the lapse was due to governing-board turnover; the…
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