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Committee approves release of $113.5 million in PUC planning reserves based on budget analyst recommendation
Summary
The Budget & Finance Committee accepted the budget analyst's recommendation and released $113,543,274 in reserve funds for preconstruction, design and environmental work on four PUC water projects, holding back about $23.1 million pending further reconciliation.
The Budget & Finance Committee on Jan. 28 approved the release of $113,543,274 in reserve funds for the San Francisco Public Utilities Commission's Water System Improvement Program after accepting the budget analyst's recommendation to withhold a $23,078,965 balance.
Todd Reedstrom, CFO and assistant general manager of the PUC, said about 75% of the…
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