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Public Works explains indirect cost plan; capital overhead rate falls below 82%
Summary
Budget manager Victoria Chan told the commission that Public Works had simplified rates and reduced capital overhead (just under 82%) and operating rates (just under 98%) after reorganization and overhead cuts; staff said many centrally loaded costs (rent, shops maintenance, DT services) are fixed and encouraged securing more project funding to sustain rates.
Victoria Chan, budget manager for San Francisco Public Works, briefed the commission on the department’s indirect cost plan and how the agency allocates compensation, paid time off and overhead to client projects.
Chan broke the plan into two main components: compensation and benefits (direct salaries, fringe benefits and paid time off) and overhead (administrative support, rent, centrally loaded work orders). She explained that certain centrally loaded obligations are largely fixed and…
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