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Committee reviews Noe Valley and Ocean Avenue Community Benefit District annual reports; mixed benchmark results
Summary
OEWD and CBD directors presented annual reports for Noe Valley and Ocean Avenue CBDs. Noe Valley failed two OEWD benchmarks (budget variance and non-assessment revenue) but highlighted programmatic achievements and prior grant-funded capital work; Ocean Avenue met all four benchmarks and reported 18.21% non-assessment revenue.
The Government Audit and Oversight Committee heard annual report reviews March 15 for the Noe Valley and Ocean Avenue Community Benefit Districts (CBDs). OEWD staff and CBD executive directors presented financial and programmatic results for fiscal year 2015-16, benchmarked against OEWD's four review criteria.
Noe Valley CBD: OEWD staff said Noe Valley (formed February 2005, a small district of roughly eight city blocks and approximately 250 parcels) did not meet two benchmarks: (1) variance between the…
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