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Committee advances Fisherman's Wharf CBD annual reports; officials highlight public-realm plan and grants
Summary
OEWD and the Fisherman's Wharf Association presented annual financial and performance reports showing compliance with management plans, a combined budget of about $850,000, and carryover funds; OEWD recommended clearer reporting of carryover and contingency-line spending. The committee moved the resolution forward without objection.
The committee advanced a resolution approving annual reports for the Fisherman—s Wharf Community Benefit Districts after presentations from the Office of Economic and Workforce Development and the Fisherman—s Wharf Association.
Lisa Pagan of the Office of Economic and Workforce Development said OEWD and the controller—s office reviewed the CBDs— CPA financial reviews and performance reports for multiple fiscal years and found the districts in compliance with city contract requirements and management plans. OEWD noted the CBDs stayed within the 10-percentage-point variance required by their management plans and met a target of raising 5—8% of revenues from non-assessment sources.
Kevin Carroll, executive director of the Fisherman—s Wharf Association, described the districts— operations, saying the land-side and port-side assessment districts together manage about $850,000 in annual budgeted revenue and run programs for street operations, marketing, beautification and special-event sponsorships. Carroll described a two-year, $80,000 grant from the Department of Environment to pursue a zero-waste designation, a $25,000 mayoral grant to expand a flower-basket program and the CBD—s sponsorship of major events such as Fleet Week.
OEWD recommended the CBD provide more-detailed annual reporting on how carryover funds and contingency reserves are expended. Pagan said the CBDs— budgets showed carryover balances and that staff want the entities to include explicit budget-versus-actual detail and contingency-line explanations in future annual reports.
Supervisor Maxwell asked whether administrative costs that exceeded initial budgets reflected poor original estimates or growth in services. Carroll said as the CBD matured it needed more staff support and that the organization has aimed to stay within its management-plan percentage targets while balancing administration and services.
Jay Edwards of the Port of San Francisco, who identified himself as the port—s senior property manager and chair of the CBD—s sustainability committee, told the committee the Port has worked closely with the CBD on projects such as the Taylor Street reconstruction and Pier 43 promenade and praised the district—s partnership role.
Without objection, the committee moved the resolution forward with a recommendation. The item will appear on the Board of Supervisors agenda on Dec. 21.
