Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Claim Your Spot

Get email alerts on the Interagency Governance topic

No spam. Unsubscribe anytime.

LAFCO requests partial allocation as reserves shrink; committee files budget presentation

San Francisco Board of Supervisors Budget and Finance Committee · May 6, 2015
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Local Agency Formation Commission (LAFCO) presented a near-term budget and said reserves have been drawn down; the committee filed the presentation and LAFCO plans to return with minor adjustments after May meetings.

Jason Fried, executive officer of the Local Agency Formation Commission (LAFCO), briefed the committee on LAFCO's annual budget, reserve policy and planned studies.

Fried said LAFCO's annual allocated amount is $297,342 but that the commission has historically returned unspent funds to the city to draw on reserves. He said reserves have been drawn down over several years and that the commission expects to have approximately $116,000 remaining in its reserve account by year-end. Because of declining reserves, LAFCO proposed taking half of its allocated amount from the city and returning the remainder, and said it has instituted cost-saving measures such as bringing executive duties in-house and establishing a formal reserve policy.

Fried described upcoming projects including the community choice aggregation (CCA) program work, an open-source election study and a utilities undergrounding/fiber study requested by a supervisor. The committee moved to file the LAFCO presentation; Fried said a small adjustment to the requested amount after the May LAFCO meeting would be communicated to the city.

CivIQMessage your representative