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Committee approves amendment to WSIP budget and release of Calaveras Dam reserves
Summary
The committee forwarded an amended WSIP ordinance that realigns savings and places $144 million in program reserves, and it approved release of $27,283,174 in reserve funds for the Calaveras Dam replacement project; the PUC said scheduling and low bid rates created savings available for reallocation.
The Budget and Finance Committee forwarded an amendment to the Water System Improvement Program (WSIP) ordinance that realigns project budgets to capture savings from recent construction bids and places those savings into a program reserve that would remain under committee oversight.
Todd Reitstrom, Assistant General Manager and CFO of the San Francisco…
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