gQy p Annual Comprehensive Financial Report (Fiscal Year 2021-22 — CleanPowerSF Sfpuc Commission, March 14, 2023 (part 2 of 2)

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
contribute 50% of the maximum 1% of pre-tax compensation. Additional or existing contribution requirements may be established or modified by amendment to the City’s Charter.

F iscal Year 2022
For the fiscal year ended June 30, 2022, the City’s funding was based on “pay-as-you-go” plus a contribution of $41,841 to the Retiree Healthcare Trust Fund. The “pay-as-you-go” portion paid by the City was $211,205 for a total contribution of $252,866 for the fiscal year ended June 30, 2022.

The SFPUC’s proportionate share of contributions for fiscal year 2022 was $15,560: $9,873 for Water Enterprise, $3,365 for the Wastewater Enterprise, $975 for Hetchy Water, $1,192 for Hetchy Power, and $155 for CleanPowerSF for fiscal year 2022 and will be recognized as a reduction of the net OPEB liability in the subsequent fiscal period.

F iscal Year 2021
For the fiscal year ended June 30, 2021, the City’s funding was based on “pay-as-you-go” plus a contribution of $39,555 to the Retiree Healthcare Trust Fund. The “pay-as-you-go” portion paid by the City was $206,439 for a total contribution of $245,994 for the fiscal year ended June 30, 2021.

The SFPUC’s proportionate share of contributions for fiscal year 2021 was $15,087: $9,572 for Water Enterprise, $3,263 for the Wastewater Enterprise, $929 for Hetchy Water, $1,136 for Hetchy Power, and $187 for CleanPowerSF.

O PEB Liabilities, OPEB Expenses and Deferred Outflows/Inflows of Resources R elated to OPEB
F iscal Year 2022
As of June 30, 2022, the City reported net OPEB liabilities related to the Plan of $3,691,122. The SFPUC’s proportionate share of the City’s net OPEB liability as of June 30, 2022 was $227,147:
$144,115 for Water Enterprise, $49,123 for the Wastewater Enterprise, $14,240 for Hetchy Water, $17,405 for Hetchy Power, and $2,264 for CleanPowerSF.

For the year ended June 30, 2022, the City’s recognized OPEB expense was $272,001. Amortization of the City’s deferred outflows and inflows is included as a component of OPEB expense. The SFPUC’s proportionate share of the City’s OPEB expense was $22,932: $14,566 for Water Enterprise, $5,364 for the Wastewater Enterprise, $1,874 for Hetchy Water, $2,291 for Hetchy Power, offset by $1,163 for CleanPowerSF.

As of June 30, 2022, the SFPUC’s reported its proportionate share of the City’s deferred outflows and inflows of resources related to OPEB from the following sources:

Hetchy Hetchy SFPUC
Fiscal Year 2022 Water Wastewater Water Power Total
Contribution subsequent to the $ 9,873 3,365 975 1,192 155 15,560 measurement date
Differences between expected and 4,330 1,476 428 523 68 6,825 actual experience
6,091 2,076 602 735 96 9,600
12,151 5,981 1,267 1,549 479 21,427
$ 32,445 12,898 3,272 3,999 798 53,412
Hetchy Hetchy SFPUC
Fiscal Year 2022 Water Wastewater Water Power CleanPowerSF Total Differences between expected and $ 22,191 7,564 2,193 2,680 348 34,976 actual experience
Net difference between projected and actual 2,728 930 269 329 43 4,299 429 146 272 333 1,203 2,383
$ 25,348 8,640 2,734 3,342 1,594 41,658
Schedule of Deferred Outflows of Resources
Schedule of Deferred Inflows of Resources
Change in proportion
CleanPowerSF
Total
Changes in assumptions
Total
earnings on plan investments
Change in proportion
Hetchy Hetchy SFPUC
Fiscal Year 2022 Water Wastewater Water Power Total
Contribution subsequent to the $ 9,873 3,365 975 1,192 155 15,560 measurement date
Differences between expected and 4,330 1,476 428 523 68 6,825 actual experience
6,091 2,076 602 735 96 9,600
12,151 5,981 1,267 1,549 479 21,427
$ 32,445 12,898 3,272 3,999 798 53,412
Hetchy Hetchy SFPUC
Fiscal Year 2022 Water Wastewater Water Power CleanPowerSF Total Differences between expected and $ 22,191 7,564 2,193 2,680 348 34,976 actual experience
Net difference between projected and actual 2,728 930 269 329 43 4,299 429 146 272 333 1,203 2,383
$ 25,348 8,640 2,734 3,342 1,594 41,658
Schedule of Deferred Outflows of Resources
Schedule of Deferred Inflows of Resources
Change in proportion
CleanPowerSF
Total
Changes in assumptions
Total
earnings on plan investments
Change in proportion
151 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
Hetchy Hetchy SFPUC
Fiscal years Water Wastewater Water Power CleanPowerSF Total 2023 $ (313) 291 (105) (128) (264) (519) 2024 (324) 288 (106) (130) (264) (536) 2025 (286) 301 (103) (125) (264) (477) 2026 (263) 231 46 57 (167) (96) 2027 (669) 95 (43) (53) (59) (729) Thereafter (921) (313) (126) (156) 67 (1,449) Total $ (2,776) 893 (437) (535) (951) (3,806) Amounts reported as deferred outflows, exclusive of contributions made after the measurement date, and deferred inflows of resources will be amortized annually and recognized in OPEB (benefit)/expense as follows:

F iscal Year 2021
As of June 30, 2021, the City reported net OPEB liabilities related to the Plan of $3,823,334. The SFPUC’s proportionate share of the City’s net OPEB liability as of June 30, 2021 was $234,488:
$148,771 for Water Enterprise, $50,711 for the Wastewater Enterprise, $14,444 for Hetchy Water, $17,653 for Hetchy Power, and $2,909 for CleanPowerSF.

For the year ended June 30, 2021, the City’s recognized OPEB expense was $320,684. Amortization of the City’s deferred outflows and inflows is included as a component of OPEB expense. The SFPUC’s proportionate share of the City’s OPEB expense was a net credit of $14,011: $5,978 for Water Enterprise, $6,174 for the Wastewater Enterprise, $1,480 for Hetchy Water, $1,809 for Hetchy Power, offset by $1,430 expense for CleanPowerSF.

As of June 30, 2021, the SFPUC’s reported its proportionate share of the City’s deferred outflows and inflows of resources related to OPEB from the following sources:

Amounts reported as deferred outflows, exclusive of contributions made after the measurement date, and deferred inflows of resources will be amortized annually and recognized in OPEB expense as follows:

Hetchy Hetchy SFPUC
Fiscal Year 2021 Water Wastewater Water Power Total
Contribution subsequent to the $ 9,572 3,263 929 1,136 187 15,087 measurement date
Differences between expected and 5,394 1,839 524 640 106 8,503 actual experience
7,531 2,567 731 894 147 11,870
Net difference between projected and actual 97 33 9 12 2 153 15,168 7,407 1,532 1,870 — 25,977
$ 37,762 15,109 3,725 4,552 442 61,590
Hetchy Hetchy SFPUC
Fiscal Year 2021 Water Wastewater Water Power CleanPowerSF Total Differences between expected and $ 21,315 7,265 2,070 2,529 417 33,596 actual experience
— — 15 19 1,496 1,530
$ 21,315 7,265 2,085 2,548 1,913 35,126
CleanPowerSF
Changes in assumptions
Schedule of Deferred Outflows of Resources
earnings on pension plan investments
Change in proportion
Total
Total
Schedule of Deferred Inflows of Resources
Change in proportion
Hetchy Hetchy SFPUC
Fiscal years Water Wastewater Water Power CleanPowerSF Total 2022 $ 1,266 829 90 110 (328) 1,967 2023 1,324 849 96 117 (326) 2,060 2024 1,312 846 94 116 (326) 2,042 2025 1,351 859 99 120 (326) 2,103 2026 1,368 788 245 299 (222) 2,478 Thereafter 254 410 87 106 (130) 727 Total $ 6,875 4,581 711 868 (1,658) 11,377 152 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
A ctuarial Assumptions
F iscal Year 2022
A summary of the actuarial assumptions and methods used to calculate the total OPEB liability as of June 30, 2021 (measurement date) is provided below:

Key Actuarial Assumptions
Valuation Date June 30, 2020 updated to June 30, 2021
Measurement Date June 30, 2021
Actuarial Cost Method The Entry Age Actuarial Cost Method is used to measure the Plan's Total OPEB Liability Healthcare Cost Trend Rates Pre-Medicare trend starts at 6.74% trending down to ultimate rate of 4.04% in 2075 Medicare trend starts at 7.24% trending down to ultimate rate of 4.04% in 2075 10-County average trend starts at 5.50% trending down to ultimate rate of 4.04% in 2075 Vision and expenses trend remains a flat 3.00% for all years Expected Rate of Return on Plan Assets
Salary Increase Rate Wage Inflation Component: 3.25%
Additional Merit Component (dependent on years of service):

Police: 0.50% - 7.50%
Fire: 0.50% - 14.00%
Muni Drivers: 0.00% - 16.00%
Craft: 0.50% - 3.75%
Misc: 0.30% - 5.50%
Inflation Rate Wage Inflation: 3.25% compounded annually Consumer Price Inflation: 2.50% compounded annually
Mortality Tables
Non-Annuitants
Male Female
Miscellaneous 0.834 0.866
Safety 1.011 0.979
Healthy Retirees
Male Female
Miscellaneous 1.031 0.977
Safety 0.947 1.044
Disabled Retirees
Male Female
Miscellaneous 1.045 1.003
Safety 0.916 0.995
Beneficiaries
Male Female
Miscellaneous 1.031 0.977
Safety 1.031 0.977
Adjustment Factor
Adjustment Factor
Published Table
PubG-2010 Employee
Adjustment Factor
PubG-2010 Employee
Published Table
PubG-2010 Employee
Published Table

7.00%
PubG-2010 Employee
PubS-2010 Employee
Published Table
Base mortality tables are developed by multiplying a published table by an adjustment factor developed in SFERS experience study for the period ending June 30, 2019.

Adjustment Factor
PubS-2010 Employee
PubS-2010 Employee
PubG-2010 Employee
The mortality rates in the base tables are projected generationally from the base year using the MP– 2019 projection scale.

153 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
F iscal Year 2021
A summary of the actuarial assumptions and methods used to calculate the total OPEB liability as of June 30, 2020 (measurement date) is provided below:

Key Actuarial Assumptions
Valuation Date June 30, 2020
Measurement Date June 30, 2020
Actuarial Cost Method The Entry Age Actuarial Cost Method is used to measure the Plan's Total OPEB Liability Healthcare Cost Trend Rates Pre-Medicare trend starts at 4.00% in 2022, 7.00% in 2023, trending down to ultimate rate of 4.04% in 2075 Medicare trend starts at 1.00% in 2022, 7.50% in 2023, trending down to ultimate rate of 4.04% in 2075 10-County average trend starts at 4.50% in 2022, 5.50% in 2023, trending down to ultimate rate of 4.04% in 2075 Vision and expenses trend remains a flat 3.00% for all years Expected Rate of Return on Plan Assets
Salary Increase Rate Wage Inflation Component: 3.25%
Additional Merit Component (dependent on years of service):

7.00%
PubG-2010 Employee
PubS-2010 Employee
Base mortality tables are developed by multiplying a published table by an adjustment factor developed in SFERS experience study for the period ending June 30, 2019.

Published Table
Adjustment Factor
PubG-2010 Employee
PubS-2010 Employee
PubG-2010 Employee
PubG-2010 Employee
PubS-2010 Employee
Published Table
Published Table
Adjustment Factor
PubG-2010 Employee
Adjustment Factor
The mortality rates in the base tables are projected generationally from the base year using the MP– 2019 projection scale.

S ensitivity of Liabilities to Changes in the Healthcare Cost Trend Rate and D iscount Rate
The following presents the SFPUC’s proportionate share of the City’s net OPEB liability calculated using the healthcare cost trend rate, as well as what its allocation of the City’s net OPEB liability would be if it were calculated using a healthcare cost trend rate that is 1% lower or 1% higher than the current rate as of June 30, 2022 and June 30, 2021:

Hetchy Hetchy
Water Wastewater Water Power CleanPowerSF Total 2022
$ 122,667 41,812 12,121 14,814 1,927 193,341 144,115 49,123 14,240 17,405 2,264 227,147 170,851 58,236 16,882 20,634 2,685 269,288 Healthcare Trend
1% Decrease
1% Increase
154 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
D iscount Rate
F iscal Year 2022
The discount rate used to measure the Total OPEB Liability as of June 30, 2021 was 7.0%. Based on the assumption that plan member contributions will continue to be made at the rates specified in the Charter, it was determined that the Plan’s projected fiduciary net position will be greater than or equal to the benefit payments projected for each future period. As such, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

The long-term expected rate of return on OPEB plan investments was 7.0% based on expected future returns and historical returns experienced by the Trust Fund. Expected future returns were determined based on 10-year and 20-year capital market assumptions for the Trust Fund’s asset allocation.

Target allocation for each major asset class and best estimates of geometric real rates of return are summarized in the following table:

The following presents the SFPUC’s proportionate share of the City’s net OPEB liability calculated using the discount rate, as well as what the SFPUC’s proportionate share of the City’s net OPEB liability would be if it were calculated using a discount rate that is 1% lower or 1% higher than the current rate:

Hetchy Hetchy
Water Wastewater Water Power CleanPowerSF Total 2021
$ 128,633 43,846 12,488 15,264 2,515 202,746 148,771 50,711 14,444 17,653 2,909 234,488 175,020 59,657 16,992 20,767 3,422 275,858 1% Decrease
Healthcare Trend
1% Increase
Hetchy Hetchy SFPUC
Water Wastewater Water Power CleanPowerSF Total
$ 168,520 57,442 16,652 20,352 2,648 265,614 144,115 49,123 14,240 17,405 2,264 227,147 124,181 42,328 12,271 14,997 1,951 195,728 1% Increase 8.00% Fiscal Year 2022
1% Decrease 6.00%
Discount Rate 7.00%
Asset Class
Target
Allocation
Long-term
Expected Real
Rate of Return
Equities
U.S. Large Cap 28.0 % 8.2 %
U.S. Small Cap 3.0 9.5
Developed Market Equity (non-U.S.) 15.0 8.9
Emerging Market Equity 13.0 11.0
Credit
Bank Loans 3.0 4.4
High Yield Bonds 3.0 4.4
Emerging Market Bonds 3.0 4.3
Rate Securities
Investment Grade Bonds 9.0 1.9
Long-term Government Bonds 4.0 3.2
Short-term Treasury Inflation-Protected Securities (TIPS) 4.0 1.5 Private Markets
Private Equity 5.0 13.0
Core Private Real Estate 5.0 6.2
Risk Mitigating Strategies
Global Macro 5.0 4.4
Total 100.0 %
155 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
F iscal Year 2021
The discount rate used to measure the Total OPEB Liability as of June 30, 2020 was 7.0%. Based on the assumption that plan member contributions will continue to be made at the rates specified in the Charter, it was determined that the Plan’s projected fiduciary net position will be greater than or equal to the benefit payments projected for each future period. As such, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

Target allocation for each major asset class and best estimates of geometric real rates of return are summarized in the following table:

The asset allocation targets summarized have a 20-year return estimate of 6.90%, which was weighted against a 10-year model estimating a 6.93% return, resulting in the ultimate long-term expected rate of return of 7.00%.

Asset Class
Target
Allocation
Long-term
Expected Real
Rate of Return
Equities
U.S. Large Cap 28.0 % 8.4 %
U.S. Small Cap 3.0 9.8
Developed Market Equity (non-U.S.) 15.0 9.6
Emerging Market Equity 13.0 11.7
Credit
Bank Loans 3.0 4.9
High Yield Bonds 3.0 4.9
Emerging Market Bonds 3.0 4.8
Rate Securities
Investment Grade Bonds 9.0 2.2
Long-term Government Bonds 4.0 3.1
Short-term Treasury Inflation-Protected Securities (TIPS) 4.0 1.9 Private Markets
Private Equity 5.0 12.5
Core Private Real Estate 5.0 6.4
Risk Mitigating Strategies
Global Macro 5.0 4.1
Total 100.0 %
Hetchy Hetchy SFPUC
Water Wastewater Water Power CleanPowerSF Total
$ 172,646 58,848 16,761 20,486 3,376 272,117 148,771 50,711 14,444 17,653 2,909 234,488 129,281 44,067 12,551 15,341 2,528 203,768 Discount Rate 7.00%
1% Increase 8.00%
Fiscal Year 2021
1% Decrease 6.00%
156 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
City issues a publicly available financial report that includes the complete note disclosures and required supplementary information related to the City’s post-employment health care obligations. The report may be obtained by writing to the City and County of San Francisco, Office of the Controller, 1 Dr. Carlton B. Goodlett Place, Room 316, San Francisco, California 94102, or by calling (415) 554-7500. (14) R elated Parties
Various common costs incurred by the Commission are allocated proratably between Water, Wastewater, Hetchy Water and Hetchy Power and CleanPowerSF. The allocations are based on the Commission management’s best estimate and may change from year to year depending on the activities incurred by each enterprise and the information available.

The following tables show the administrative costs including COVID-19 Project expenses for the years ended June 30, 2022 and 2021:

SFPUC’s 75-year lease agreement with the San Francisco Recreation and Parks Department (SFRPD), for the use of parking spaces for its fleet of vehicles at the Civic Center Garage, commenced on February 1, 2011. The total payment under this agreement is $6,274, which was fully made as of fiscal year 2015. The expenses and prepayments among the three SFPUC Enterprises are based on 525 Golden Gate occupancy.

The following tables show the allocable share of expenses and prepayments for the years ended June 30, 2022 and 2021:

Water Enterprise
The Water Enterprise purchases water from Hetch Hetchy Water. The amounts, totaling $45,815 and $44,149 for the years ended June 30, 2022 and 2021, respectively, have been included in the services provided by other departments in the accompanying financial statements.

The Water Enterprise purchases electricity from Hetch Hetchy Power at market rates. The amounts, totaling $11,394 and $9,790 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.

The Water Enterprise sold water to the Wastewater Enterprise at retail rates. This amount, totaling $1,819 and $1,308 for the years ended June 30, 2022 and 2021, respectively, has been included in charges for services in the accompanying financial statements.

Since fiscal year 2008, the Water Enterprise has charged City departments for water usage with the exception of fire hydrants, which are used for general public safety. In fiscal years 2022 and 2021, the Water Enterprise Fiscal SFPUC
Years Total
2022 $ 52,769 49.2% 32,212 30.0% 10,886 10.2% 8,820 8.2% 2,515 2.4% 107,202 2021 48,374 49.4% 29,457 30.0% 4,585 4.7% 13,202 13.5% 2,312 2.4% 97,930 Hetchy PowerHetchy WaterWastewaterWater CleanPowerSF
Hetchy Hetchy SFPUC
Water Wastewater Water Power Total
Allocable share of expenses $ 44 22 5 13 84 Allocable share of prepayment 3,265 1,145 151 753 5,314 Hetchy Hetchy SFPUC
Water Wastewater Water Power Total
Allocable share of expenses $ 45 21 4 13 83 Allocable share of prepayment 3,309 1,167 156 766 5,398 2022
2021
157 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
delivered water for fire hydrant purposes totaling $8 and $7, respectively, based on metered usage and applicable water rates, and the amount has been excluded from operating revenues in the accompanying financial statements.

A variety of City departments provide services such as engineering, purchasing, legal, data processing, telecommunications, and human resources to the Water Enterprise and charge amounts designed to recover those departments’ costs. These charges, totaling $15,951 and $16,239 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.

During the fiscal year ended June 30, 2022, the Water Enterprise transferred $30,000 to Hetch Hetchy Water to fund various Mountain Tunnel projects, $500 to the Department of Public Works for the UN Plaza Large Alternative Water Source project and purchase of capital assets, $134 to the Arts Commission for arts enrichment fund for the new CDD Headquarters, and $32 to the Office of the City Administrator for the Water Enterprise’s contribution to the Surety Bond Program. The Water Enterprise received $15,030 for the Earthquake Safety and Emergency Response program, and $5 from the General Fund for low income assistance programs.

As of June 30, 2022, the Water Enterprise had interfund receivables of $102 from DPW relating to custom work projects and $69 from Academy of Sciences for unpaid interdepartmental services. As of June 30, 2021, the Water Enterprise had $248 due from DPW for custom work projects.

The Water Enterprise had receivables due from the Office of Community Investment and Infrastructure for capacity fees of $195 and from Treasure Island Development Authority for custom work projects of $7 for the year ended June 30, 2022. As of June 30, 2021, the Water Enterprise had no receivables due from component units.

Wastewater Enterprise
The Wastewater Enterprise purchases electricity from Hetch Hetchy Power at market rates. This amount, totaling $11,887 and $10,122 for the years ended June 30, 2022 and 2021, respectively, has been included in services provided by other departments in the accompanying financial statements.

The Wastewater Enterprise purchases water from Water Enterprise at retail rates. This amount, totaling $1,819 and $1,308 for the years ended June 30, 2022 and 2021, respectively, has been included in services provided by other departments in the accompanying financial statements.

The Wastewater Enterprise provides sewer services to other City departments at non-residential rates established by the Commission, and through the Customer Services Bureau, bills and collects sewer service charges on behalf of the Wastewater Enterprise.

The City’s Department of Public Works provides certain engineering and other services to the Wastewater Enterprise and charges amounts designed to recover its costs. These services are primarily related to street cleaning, engineering, building repair, and sewer repair. These amounts totaling approximately $13,099 and $15,088 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.

A variety of other City departments provide services such as purchasing, legal, data processing, telecommunications, and human resources to the Wastewater Enterprise and charge amounts designed to recover those departments’ costs. These charges totaling approximately $12,840 and $11,795 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.
158 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
As of June 30, 2022 and 2021, the Wastewater Enterprise has payables in the amount of $629 and $739, respectively, which is associated with the SFPUC Headquarters Living Machine system. As of June 30, 2022 and 2021, the Wastewater Enterprise has payable of $0 to the City Attorney’s Office for legal services provided.

As of June 30, 2022, the Wastewater Enterprise has interfund receivable of $224, of which $118 from DPW for custom work projects and $106 from the Academy of Sciences for sewer charges. In fiscal year 2021, the Wastewater Enterprise has interfund receivable of $261, of which $237 from the DPW and $24 from the San Francisco Port for the Islais Creek Project.

As of June 30, 2022, the Wastewater Enterprise has receivables due of $1,015, consisting of $1,014 from the Treasure Island Development Authority for capacity charges and $1 from the Office of Community Investment and Infrastructure (OCII) for the Candlestick Point Project. In fiscal year 2021, the Wastewater Enterprise has receivable of $20 due from OCII.

SFPUC’s 30-year lease agreement with the San Francisco Port Commission, for the use of approximately 4,833 square feet of land located within Seawall Lot 345 and within the public right-of-way on Terry A. Francois Boulevard and on Illinois Street, commenced on September 1st, 2018. SFPUC intends to use the premises for the reconstruction of the Mariposa Pump Station and Force Main Improvements. Total payment under this agreement is $502, which was fully made as of fiscal year 2019. As of June 30, 2022, the Wastewater Enterprise’s expenses and prepayment were $17 and $438, respectively, and as of June 30, 2021 were $17 and $455, respectively.

Hetchy Water
The Water Enterprise purchases water from Hetchy Water. Included in the operating revenues are the water assessment fees of $45,815 and $44,149 for the years ended June 30, 2022 and 2021, respectively. The water assessment fees represent a recovery to fund upcountry, water-related costs that are not otherwise funded through Hetchy water-related revenue or Water revenue bonds.

A variety of City departments provide direct services such as engineering, purchasing, legal, data processing, telecommunication, and human resources to Hetchy Water and charge amounts designed to recover those departments’ costs. These charges totaling approximately $3,129 and $2,517 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.

Hetchy Water received $30,001 and $16,000 for the years ended June 30, 2022 and 2021, respectively, from the Water Enterprise to fund upcountry projects.

Hetchy Power
As of June 30, 2022, and 2021, operating revenues in sales of power to departments within the City were $116,334 and $82,129, respectively.

A variety of City departments provide direct services such as engineering, purchasing, legal, data processing, telecommunication, and human resources to Hetchy Power and charge amounts designed to recover those departments’ costs. These charges totaling approximately $6,253 and $6,137 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.

The Water Enterprise also purchases electricity and gas from Hetchy Power. This amount totaled $11,394 and $9,790 for the years ended June 30, 2022 and 2021, respectively. 159 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
The Wastewater Enterprise purchases electricity and gas from Hetchy Power. This amount totaled $11,887 and $10,122 for the years ended June 30, 2022 and 2021, respectively.

The Low Carbon Fuel Standard (LCFS) program is a regulatory program overseen by the California Air Resources Board (CARB). The LCFS program seeks to reduce the carbon intensity of California’s transportation fuel by 20% by 2030. Transportation fuel suppliers can achieve this goal by either reducing the carbon intensity of their fuels or purchasing LCFS credits from other fuel suppliers that have a lower carbon intensity. In 2017, the San Francisco Municipal Transportation Agency (SFMTA) joined the LCFS program, signing up its transit fleet of electric buses, cable cars, and light rail vehicles and generating LCFS credits. Through a Memorandum of Understanding (MOU) with SFMTA, approved by the SFPUC Commission in Resolution 17-0199, net proceeds from the sale of LCFS credits would be shared 50/50 between SFMTA and Hetchy Power. Under the MOU, Hetchy Power would take responsibility for selling the LCFS credits. In Ordinance 0199-19, the Board of Supervisors authorized Hetchy Power to establish the Low Carbon Fuel Standard Fund to account for the revenue and expenditure from the sale of LCFS credits. The Ordinance also allowed Hetchy Power to sell LCFS credits on behalf of other City agencies.

As of June 30, 2022 and 2021, Hetchy Power received total payments of $2,367 and $2,362, respectively, 50% ($1,184 in fiscal year 2022 and $1,181 in fiscal year 2021) was reallocated to SFMTA and the remaining portion was reported as other non-operating revenues on the Statements of Revenues, Expenses, and Change in Net Position.

Due from other City departments was $11,804 and $12,406 for the years ended June 30, 2022 and 2021, respectively. Hetchy Power serves as the City’s department for energy efficiency projects and maintains the Sustainable Energy Account (SEA) (formerly known as the Mayor’s Energy Conservation Account) fund to sponsor and financially support such projects at various City departments. In this role, Hetchy Power may secure low- interest financing to supplement funds available in the SEA fund. At June 30, 2022 and 2021, projects completed or under way throughout the City amounted to $4,050 and $4,556, respectively, and are recorded as due from other government agencies.

Hetch Hetchy funded a project for the Treasure Island Development Authority and recorded a receivable in connection with an upgraded submarine power cable for the Treasure Island as due from other government agencies. This amount totaled $6,666 and $6,627 for the years ended June 30, 2022 and 2021, respectively. 160 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
As of June 30, 2022 and 2021, Hetchy Power recorded receivables of $629 and $739, respectively, due from Wastewater Enterprise for its share of costs relating to SFPUC Headquarters Living Machine System. Details of due from other City departments are as follows:

As of June 30, 2022, Hetchy Power had payables in the amount of $380, of which $369 to the Port of San Francisco for Pier 70 Shoreside Power Project and $11 to the Department of Public Works for painting of light poles. As of June 30, 2021, Hetchy Power had payables of $369 to the Port of San Francisco for Pier 70 Shoreside Power Project.

CleanPowerSF
As of June 30, 2022, and 2021, operating revenue in sales of power to Hetchy Power were $2,332 and $1,072, respectively. Operating expenses in purchase of power from Hetchy Power were $1,589 and $2,456, respectively.

Wholesale sales of energy, capacity and/or other electric power related products may be made between the CleanPowerSF and Hetchy Power, when available. CleanPowerSF and Hetchy Power transact for such products at prevailing market prices.

A variety of City departments provide direct services such as engineering, purchasing, legal, data processing, telecommunication, and human resources to CleanPowerSF and charge amounts designed to recover those departments’ costs. These charges totaling approximately $3,621 and 3,928 for the years ended June 30, 2022 and 2021, respectively, have been included in services provided by other departments in the accompanying financial statements.

CleanPowerSF received program support services from Hetchy Power. This amount totaled $1,861 and $2,224 for the years ended June 30, 2022 and 2021, respectively. (15) R isk Management
The SFPUC’s Risk Management program includes both self-insured (i.e., self-retention) and insured exposures at risk. Risk assessments and purchasing of insurance coverage are collaboratively coordinated by SFPUC Enterprise Risk Management and the City’s Office of Risk Management. With certain exceptions, the City and the SFPUC’s general approach is to first evaluate the exposure at risk for self-insurance. Based on this analysis, internal mitigation strategies and financing through a self-retention mechanism are generally more economical as the SFPUC in coordination with the City Attorney’s Office administers, adjusts, settles, defends, and pays claims from budgeted resources (i.e., pay-as-you-go fund). When economically more viable or when required by debt financing covenants, the SFPUC obtains commercial insurance. At least annually, the City actuarially determines general liability and workers’ compensation risk exposures. The SFPUC does not maintain commercial earthquake coverage, with certain minor exceptions, such as a sub-limit for fire-sprinkler leakage due to earthquake under the SFPUC Property Insurance program. In the past three years, there was no settlements that exceeded insurance coverage.

2022 2021
Treasure Island Development Authority $ 6,666 6,627
SEA-related projects - Moscone Center 4,050 4,556
Wastewater - 525 Golden Gate Headquarters Project 629 739 San Francisco Recreation and Park 314 419
Department of Public Works 145 65
Total due from other City departments 11,804 12,406
Less: current portion (867) (7,413)
Long-term portion as of June 30, net $ 10,937 4,993
161 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
a) G eneral Liability
Through coordination with the Controller and the City Attorney’s Office, the general liability risk exposure is actuarially determined and is addressed through pay-as-you-go funding as part of the budgetary process. Associated costs and estimates are booked as expenses as required under GAAP for financial statement purposes for both the SFPUC and the City and County of San Francisco’s Annual Comprehensive Financial Report. The claim expense allocations are determined based on actuarially determined anticipated claim payments and the projected timing of disbursement.

The changes for the general liability (damage claims) for the years ended June 30, 2022 and 2021 are as follows:
b) W orkers’ Compensation
The City actuarially determines and allocates workers’ compensation costs to the SFPUC according to a formula based on the following: (i) the dollar amount of claims; (ii) yearly projections of payments based on historical experience; and (iii) the size of the SFPUC’s payroll. The administration of workers’ compensation claims and payouts are handled by the Workers’ Compensation Division of the City’s Department of Human Resources. Statewide workers’ compensation reforms have resulted in budgetary savings in recent years. The City continues to develop and implement improved programs, such as return-to-work programs, to lower or mitigate the growth of workers’ compensation costs. Programs include accident prevention, investigation, and duty modification for injured employees with medical restrictions so return to work can occur as soon as possible.

Risks
(a) General liability Self-Insured
(b) Workers’ compensation Self-Insured through Citywide Pool (c) Property Purchased Insurance and Self-Insured
(d) Public officials liability Purchased Insurance
(e) Employment practices liability Purchased Insurance
(f) Cyber Liability Purchased Insurance
(g) Crime Purchased Insurance
(h) Electronic data processing Purchased Insurance and Self-Insured (i) Surety bonds Purchased and Contractual Risk Transfer (j) Errors and omissions Purchased and Contractual Risk Transfer (k) Builders’ risk Contractual Risk Transfer
Coverage Approach
Water Wastewater
Hetchy
Water
Hetchy
Power CleanPowerSF
SFPUC
Total
Beginning of year $ 36,723 16,713 525 1,108 6 55,075
Claims and changes in estimates 452 8,812 253 2,005 1,582 13,104 Claims paid (1,106) (13,480) (151) (2,090) (1,556) (18,383) End of year $ 36,069 12,045 627 1,023 32 49,796
Water Wastewater
Hetchy
Water
Hetchy
Power CleanPowerSF
SFPUC
Total
Beginning of year $ 10,767 15,891 558 2,222 106 29,544
Claims and changes in estimates 27,643 6,428 478 4,212 153 38,914 Claims paid (1,687) (5,606) (511) (5,326) (253) (13,383) End of year $ 36,723 16,713 525 1,108 6 55,075
2022
2021
162 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
The changes in the liabilities for workers’ compensation for the years ended June 30, 2022 and 2021 are as follows:

* CleanPowerSF had no workers’ compensation liability as of June 30, 2022 and 2021. c) Property
The SFPUC’s property risk management approach varies depending on whether the facility is currently under construction, the property is part of revenue-generating operations, the property is of high value, or is mission-critical in nature. During the course of construction, the SFPUC requires each contractor to provide its own insurance, while ensuring the full scope of work be covered with satisfactory levels to limit the SFPUC’s risk exposure. Once construction is complete, the SFPUC performs an assessment to determine whether liability/loss coverage will be obtained through the commercial property policy or self-insurance. The majority of property scheduled in the insurance program is for: 1. revenue generating facilities, 2. debt financed facilities, 3. mandated coverage to meet statutory requirements for bonding of various public officials, or 4. high-value, mission-critical property or equipment. d) Pu blic Officials Liability
All SFPUC public officials with financial oversight responsibilities are provided coverage through a commercial Public Officials Liability Policy.
e) E mployment Practices Liability
An Employment Practices Liability Policy is retained to protect against employment-related claims and liabilities.
f) C yber Liability
A Cyber Liability Policy is retained to protect against cyber-related claims and liabilities. g) Crime
The SFPUC also retains a Commercial Crime Policy, in lieu of bonding its employees, to provide coverage against liabilities or losses due to third-party crime or employee fraud.

Water Wastewater
Hetchy
Water
Hetchy
Power
SFPUC
Total
Beginning of year $ 8,828 6,582 1,120 2,118 18,648
Claims and changes in estimates 2,793 3,207 233 322 6,555 Claims paid (2,648) (2,243) (125) (190) (5,206)
End of year $ 8,973 7,546 1,228 2,250 19,997
Water Wastewater
Hetchy
Water
Hetchy
Power
SFPUC
Total
Beginning of year $ 9,174 6,051 1,187 2,200 18,612
Claims and changes in estimates 1,912 2,616 18 95 4,641 Claims paid (2,258) (2,085) (85) (177) (4,605)
End of year $ 8,828 6,582 1,120 2,118 18,648
2022*
2021*
163 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
h) E lectronic Data Processing
The Electronic Data Processing policy protects selected high-value electronic property in case of damage or loss.
i) S urety Bonds
Bonds are required in most phases of the public utilities construction contracting process for such phases as bid, performance, and payment or maintenance. Additionally, bonds may be required in other contracts where goods or services are provided to ensure compliance with applicable terms and conditions such as warranty.
j) E rrors and Omissions
Errors and omissions, also known as Professional Liability, are commonly transferred through contract to the contracted professional, or retained through self insurance on a case-by-case basis depending on the size, complexity, or scope of construction or professional service contracts. Examples of such contracts are inclusive of services provided by engineers, architects, design professionals, and other licensed or certified professional service providers.
k) B uilders’ Risk
Builders’ Risk policies of insurance are required to be provided by the contractor on all construction projects for the full value of construction.
l) E nergy Risk Management
Similar to other electric utilities with a heavy reliance on hydroelectric generation, Hetch Hetchy is exposed to risks that could impact its ability to generate net revenues to fund operating and capital investment activities. Hydroelectric generation facilities in the Sierra Nevada are the primary source of electricity for Hetch Hetchy. For this reason, the Hetch Hetchy revenues can vary with watershed hydrology, unexpected generator outages, and market prices for energy. Given the inherent risk for all hydroelectric generation, several risk management interventions have been developed to mitigate exposure. m) E nterprise Risk Management
The Power Enterprise adopted the ISO 31000 standard for Hetchy Power and the CleanPowerSF program as the framework for implementing Enterprise Risk Management (ERM). The SFPUC utilizes this framework to systematically and proactively identify and mitigate risks that threatens its business objectives. Since not all risks are insurable or transferable contractually, the ERM program provides an additional method to manage risks and protect the SFPUC’s current and expanding business allowing for increased operational resiliency and the ability to capitalize on opportunities. (16) Co mmitments and Litigation
a) Commitments
SFPUC has outstanding commitments with third parties for various capital projects and other purchase agreements for materials and services. As of June 30, 2022 and 2021, the Water Enterprise had outstanding commitments with third parties of $322,132 and $185,161, respectively. As of June 30, 2022 and 2021, the Wastewater Enterprise had outstanding commitments with third parties of $1,037,607 and $633,255, respectively. As of June 30, 2022 and 2021, Hetch Hetchy had outstanding commitments with third parties of $199,283 and $143,404, respectively. 164 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
H etchy Water
To meet certain requirements of the Don Pedro Reservoir operating license, the City entered into an agreement with the Modesto Irrigation District (MID) and Turlock Irrigation District (TID) in which the Districts would be responsible for an increase in water flow releases from the reservoir in exchange for annual payments from the City, which are included in Hetchy Water’s operating expenses. The payment amounts were $5,129 and $5,069 for fiscal years 2022 and 2021, respectively. The payments are to be made for the duration of the license, but may be terminated with one year’s prior written notice after 2001. The City and the Districts have also agreed to monitor the fisheries in the lower Tuolumne River for the duration of the license. A maximum monitoring expense of $1,400 is to be shared between the City and the Districts over the term of the license. The City’s share of the monitoring costs is 52%, while the Districts are responsible for 48% of the costs.

H etchy Power
W holesale Distribution Tariff (WDT) and Key Operating Agreements for Grid Access Upon expiration of the City’s previous Interconnection Agreement with PG&E, the City began taking service in 2015 under the Wholesale Distribution Tariff (WDT) for distribution service and under the CAISO Open-Access Transmission Tariff for transmission service. The FERC-regulated Wholesale Distribution Tariff is implemented by PG&E through the City specific Service Agreements and Interconnection Agreements. The terms of these agreements have been in contention since the effective date. The City continues to negotiate with PG&E and, where necessary, file complaints and protests at FERC.

In September 2020, PG&E filed a revised WDT. Under the terms of the new WDT, the City would pay substantially higher rates, at least twice to potentially four times the current charges, and be required to install costly and inefficient equipment not needed for technical, safety or reliability of operations. In addition, Hetchy Power would no longer be allowed to connect to the “network” grid in the center of San Francisco; have new secondary interconnections; and/or serve any small, typically unmetered loads, such as streetlights, traffic signal and bus shelters.

Staff prepare regular reporting to the Board of Supervisors outlining on-going disputes with PG&E over project requirements, costs and delays. During fiscal years 2022 and 2021, Hetchy Power purchased distribution services for $22,404 and $8,868, respectively, from PG&E under the terms of the Service Agreements and Interconnection Agreements that implement the WDT. The City continues to litigate and dispute these terms at FERC and in the court systems; and pursue the purchase of PG&E’s electric grid in San Francisco.

W estern System Power Pool and other Market Purchases and Sales Hetchy Power may purchase or sell energy and other related products (such as ancillary services, spinning reserves, resource adequacy products, and congestion revenue rights) with different market entities through the Western System Power Pool (WSPP) and the CAISO. During fiscal years 2022 and 2021, Hetchy Power purchased $4,152 and $0 of power and other related products, respectively. Sales of excess power, after meeting Hetch Hetchy’s obligations, were $0 for 2022 and $469 or 110,043 MWh for 2021, respectively.

P ower Purchase Agreement (PPA)
Hetchy Power (Buyer) purchases energy, capacity, and environmental attributes from a local solar photovoltaic project located at Sunset Reservoir (the facility) pursuant to the 2009 25-year PPA with SFCity1, LP, owned by Duke Energy (Seller). In November 2010, the facility commenced commercial operation and began to provide Hetchy Power energy generated by the facility.

The PPA sets the starting purchase price of generated energy at $235/MWh, increasing by 3% each year throughout the term of the agreement, and it is expected that the facility will generate 6,560 MWh 165 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
per year. In fiscal year 2022, the facility generated 6,460 MWh and the rate was at $334/MWh. In the event that the facility generates more energy than expected due to better than normal meteorological conditions, the PPA requires the Buyer to purchase all the excess energy but generation in excess of 120% of expected is purchased at no cost. The PPA also requires the Seller to generate a minimum amount of energy from the facility annually. If energy production falls below 50% of expected, the Seller must provide replacement power, and if energy falls below 90% of expected, the price for energy generated is lowered. In fiscal years 2022 and 2021, purchases of energy under the Agreement were $2,225, or 6,460 MWh, and $2,127, or 6,598 MWh, respectively.

A PX, Inc
Hetchy Power and CleanPowerSF participate in the California Independent System Operator (CAISO) energy markets which requires the SFPUC to have a contract with a certified Scheduling Coordinator (SC). In June 2022, CleanPowerSF renewed a 5-year contract with APX, Inc with contract amount not to exceed $134,743 to fulfill this requirement. APX, Inc provides a number of services including but not limited to an interface with the CAISO’s energy scheduling portal, manage invoice payments to the CAISO and communications between the CAISO and the SFPUC, and dispatch of the Hetch Hetchy plant 24 hours a day, seven days a week. The contract also provides that APX, Inc will act as the SC for renewable generation plants under some of CleanPowerSF’s Power Purchase Agreements. Hetchy Power’s share was $456 and $472 as of June 30, 2022 and 2021, respectively. CleanPowerSF’s share was $192 as of June 30, 2022 and 2021.

CleanPowerSF
CleanPowerSF has added multiple additional short-term and medium-term contracts with multiple counterparties pursuant to master agreements, including the WSPP Master Agreement, to purchase renewable, carbon-free and conventional energy and resource adequacy capacity. CleanPowerSF has also entered into long-term contracts for renewable energy and capacity with renewable energy developers including sPower, Terra-Gen, NextEra and EDF Renewables. These contracts have been entered to allow CleanPowerSF to meet its existing retail sales obligations, to support future retail sales from citywide enrollment into the CleanPowerSF program, and to comply with state law requiring that 65% of CleanPowerSF’s RPS compliance targets be fulfilled by RPS-eligible electricity from contracts of 10 or more years. Citywide enrollment was substantively completed with the enrollment of residential accounts in April 2019. Since it began serving customers in 2016, CleanPowerSF’s cumulative opt-out rate is 4.3% of all enrolled accounts. The total power purchase cost, net of wholesale sales, equaled $238,149 and $188,533 in fiscal years 2022 and 2021, respectively.

CleanPowerSF contracts with Calpine Energy Solutions to provide meter data management, billing and customer care support. Calpine is responsible for calculating and providing CleanPowerSF charges to Pacific Gas & Electric (PG&E), which in turn bills both CleanPowerSF and PG&E customers for electricity transmission, distribution, and CleanPowerSF generation services. PG&E remits payments received from customers for CleanPowerSF charges to the City. During fiscal years 2022 and 2021, amounts paid were $4,730 and $6,664, respectively.

C leanPowerSF Power Purchase Agreement (PPA)
In November 2021, CleanPowerSF amended an existing Renewable Power Purchase Agreement with Blythe Solar IV, LLC (seller) to purchase a storage product from the solar powered generation facility located in Blythe, California pursuant to the 20-year PPA. Under the revised agreement, the project in Blythe, California, will add batteries to the operating 62-MW solar photovoltaic power plant. The contract, including the new battery component, is for $196,399 over 20 years.

In November 2020, CleanPowerSF executed a Power and Storage Purchase Agreement to purchase solar product and storage product from a solar powered generation facility and battery storage facility 166 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
located at Livermore pursuant to the 25-year PPA with IP Aramis, LLC (Seller). As of June 30, 2022 and 2021, CleanPowerSF received cash collateral of $9,000 for Development Assurance and Performance Assurance from the Seller.

C leanPowerSF Guarantee
In March 2018, CleanPowerSF entered into a five-year, $75,000 Credit Agreement with JPMorgan Chase Bank, National Association (“Bank”) to provide letters of credit or loans from the Bank to guarantee certain power purchase agreement payment obligations of CleanPowerSF and to meet working capital needs, if necessary. In November 2021 the Credit Agreement was decreased (at the request of CleanPowerSF) the available amount from $75,000 to $20,000, and the stated term of the agreement was extended to March 2024. Additional changes to the agreement effected by the November 2021 Amendments include elimination of target reserve requirements, revisions to debt service coverage (allowing for a liquidity test two times in the aggregate for any consecutive four quarters) and rate-setting covenants, changes to ongoing reporting requirements to the Bank, and changes to events of default, including the addition of an event of default if CleanPowerSF’s long-term unenhanced credit rating is downgraded below investment grade or suspended, withdrawn or otherwise unavailable. In May 2022 CleanPowerSF executed another amendment to its Credit Agreement to eliminate and change certain financial covenants contained in the 2018 Credit Agreement. Specifically, this Amendment eliminated the covenant of the Commission to maintain a specified debt service coverage ratio and changed such financial covenant to commit the Commission to maintain a specified level of Day Liquidity on Hand (as defined in the Credit Agreement).The Credit Agreement is secured by CleanPowerSF’s net revenues; there is no pledge of, or lien on net revenues that ranks senior to the obligations under the Credit Agreement. The Bank issued letters of credit in the face amounts totaling $5,847 and $13,810 for fiscal years ending June 30, 2022 and 2021, respectively. CleanPowerSF did not draw on the Credit Agreement during fiscal years 2022 and 2021. Accordingly, the uncommitted credit capacity under the Credit Agreement was $14,153 and $61,190 during fiscal years 2022 and 2021, respectively Original financial covenants include that CleanPowerSF maintain a Debt Service Coverage Ratio as defined in the Credit Agreement of not less than 1.05 for each fiscal quarter, as determined for the four consecutive fiscal quarter periods ended on the last day of such fiscal quarter. As of June 30, 2021, CleanPowerSF was not in compliance with this financial covenant as calculated for the four consecutive fiscal quarters ended on such date, resulting in a covenant event of default under the Credit Agreement.

In connection with subsequent amendments to the Credit Agreement, JPMorgan Chase granted a waiver of such event of default for the period ended June 30, 2021. CleanPowerSF was in compliance with other covenants and requirements of the Credit Agreement as of June 30, 2021. CleanPowerSF was in compliance with all covenants and requirements of the Credit Agreement as amended as of June 30, 2022.

GASB Statement No. 88, Certain Disclosures Related to Debt, Including Direct Borrowings and Direct Placements, requires the disclosure of certain information related to debt, including unused letters of credit. Significant events of default under the Credit Agreement, include 1) non-payment, 2) material breach of warranty, representation, or other non-remedied breach of covenants as specified in the agreement and 3) bankruptcy and insolvency events, which could result in all outstanding loans under the Credit Agreement to be immediately due and payable; or the immediate termination of the Bank’s commitment to issue letters of credit or make loans under the Credit Agreement.

G reen Tariff and Community Solar Green Tariff Programs for Disadvantaged Communities In June 2018. the California Public Utilities Commission (CPUC) established the Disadvantaged Communities-Green Tariff (DAC-GT) and Community Solar Green Tariff (CSGT) program to address barriers to solar adoption faced by low-income electric customers in neglected communities. The 167 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
DAC-GT program provides a 20% rate discount on 100% Renewable Portfolio Standard (RPS) eligible electricity service to income-qualified customers residing in Disadvantaged Communities (DACs) as defined by the California Environmental Protection Agency’s (Cal EPA). Similar to DAC-GT, the CSGT program allows primarily for the DACs to benefit from the development of solar generation projects located in their own or nearby DACs. CSGT projects must also have a local community-based sponsor that supports site selection and customer enrollment.

The CPUC approved CleanPowerSF’s application to establish DAC-GT and CSGT programs in April 2021 and to receive funds to cover program administration and a portion of electricity supply costs.

CleanPowerSF began enrolling customers in the DAC-GT program branded as “SuperGreen Saver” on June 1, 2022. The CSGT program is expected to start serving customers during fiscal year 2025, once CleanPowerSF is able to procure electricity from a CSGT-eligible solar project(s). As of June 30, 2022, CleanPowerSF received $1,150 from a combination of ratepayer funds and California Cap and Trade Auction proceeds.
b) Grants
Grants that the SFPUC received are subject to audit and final acceptance by the granting agency. Current and prior year costs of such grants are subject to adjustment upon audit. c) Litigation
The SFPUC is a defendant in various legal actions and claims that arise during the normal course of business. The final disposition of these legal actions and claims is not determinable. However, in the opinion of management, the outcome of any litigation of these matters will not have a material effect on the financial position or changes in net position of SFPUC. d) E nvironmental Issue
Water
As of June 30, 2022 and 2021, the pollution remediation liability of $1,271 related to the Pacific Rod & Gun Club site.

Wastewater
As of June 30, 2022, and 2021, the Wastewater Enterprise recorded $8,060 and $7,800 in pollution remediation liability, respectively. The increase of $260 in pollution remediation liability in fiscal year 2022 is due to violation penalties of $240 at the Southeast Plant for the discharge of secondary treated and disinfected wastewater and $20 at the Oceanside Plant for failure to meet the District permit condition-imposed standards relating to gas released into the atmosphere from digesters. As of June 30, 2022 the pollution remediation liability of $8,060 consisted of $7,800 for the Yosemite Creek toxic sediments and $260 aggregate violation fines at the Southeast Plant and Oceanside Plant. In fiscal year 2021, the pollution liability of $7,800 was based on cleanup cost estimates for the toxic sediments at Yosemite Creek.

H etch Hetchy
Hetch Hetchy had no pollution remediation liability as of June 30, 2022 and 2021. 168 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Notes to Basic Financial Statements
June 30, 2022 and 2021
(Dollars in thousands, unless otherwise stated)
(17) S ubsequent Events
a) S FPUC Extension on the Moratorium on Shutoff of Electric Service On September 13, 2022, the Commission approved to extend moratorium on shutoff of water service and sewer service for the residents in the City and electric service for residential retail customers in the City through June 30, 2023 and granted the General Manager discretion to restart severance and liens processes to multi-family residential accounts carrying balances greater than $25 which are 90 days or more past due. In addition, the temporary suspension of the return of delinquent residential CleanPowerSF customers to PG&E has also been extended through June 30, 2023. b) W astewater Revenue Bonds 2022 Series B Issuances
On July 6, 2022, the SFPUC issued its San Francisco Wastewater Revenue Bonds, 2022 Sub-Series B (Refunding) with an aggregate principal of $137,080 to refund a portion of the SFPUC’s outstanding 2013 Series A and 2013 Series B Wastewater Revenue Bonds. c) W astewater Interim Funding Program – Credit Providers On July 7, 2022, the SFPUC entered into a $75,000 Revolving Credit and Term Loan Agreement with TD Bank N.A. (TD Bank) (Series A-4) which expires July 6, 2027. The Series A-4 Revolving Credit and Term Loan Agreement replaced the $75,000 Revolving Credit and Term Loan Agreement from the Toronto Dominion Bank which expired July 8, 2022.

Required Supplementary Information
(Unaudited)
Schedules of the Proportionate Share of the Net Pension (Asset)/Liability Schedules of Employer Contributions – Pension Plan
Schedules of Changes in Total Pension Liability and Related Ratios – Replacement Benefits Plan
Schedules of Changes in Other Post-employment Benefits Liability and Related Ratio - Other Post-employment Healthcare Benefits Plan Schedules of Employer Contributions – Other Post-employment Healthcare Benefits Plan
Supplementary Information (Proprietary Funds)
Schedule of Changes in Net Position – Dollar and Percentage Change vs.

Prior Year
Schedule of Changes in Revenues, Expenses, and Net Position – Dollar and Percentage Change vs. Prior Year

170 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 * Fiscal year 2015 was the first year of implementation of GASB Statement No. 68, Accounting and Financial Reporting for Pensions . Therefore only seven eight years data shown. RSI will be provided for 10 years as it becomes available. **Changes of Assumptions - There were no changes in the discount rate for the measurement period ended June 30, 2021 and 2020. For the measurement period ended June 30, 2019, the discount rate was decreased from 7.50% to 7.40%. There were no changes in the discount rate for the measurement pension ended June 30, 2018. For the measurement period ended June 30, 2017, the discount rate was increased from 7.46% to

7.50%.
^ Water, Wastewater, Hetchy Water, Hetchy Power, CleanPowerSF and SFPUC covered payroll is calculated based on the percentage of proportion of net pension (asset)/liability by the Total covered payroll from SFERS (www.mysfers.org). The total covered payroll for SFERS includes the City, San Francisco Unified School District, San Francisco Community College District, and the San Francisco Courts.

Source: Office of the Controller, City and County of San Francisco and San Francisco Employees’ Retirement System (SFERS) See accompanying auditors’ report.
2015* 2016** 2017** 2018 2019** 2020 2021 2022
(MP 2014) (MP 2015) (MP 2016) (MP 2017) (MP 2018) (MP 2019) (MP 2020) (MP 2021) Proportion of net pension liability 93.78% 93.90% 94.22% 94.07% 94.10% 94.13% 94.39% 94.64% Proportionate share of the net pension (asset)/liability $ 1,660,365 2,156,049 5,476,654 4,697,131 4,030,207 4,213,808 5,107,270 (2,446,564) Covered payroll (City and County only) $ 2,398,979 2,529,879 2,681,695 2,880,112 3,045,153 3,186,405 3,378,945 3,434,713 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 69.21% 85.22% 204.22% 163.09% 132.35% 132.24% 151.15% -71.23% Plan fiduciary net position
as a percentage of total pension (asset)/liability 91.84% 89.90% 77.61% 81.78% 85.20% 85.30% 83.10% 107.80% Water
Proportion of net pension liability 5.08% 5.00% 4.75% 4.45% 4.35% 4.23% 4.21% 4.27% Proportionate share of the net pension (asset)/liability $ 84,374 108,024 259,956 209,003 175,429 178,133 215,240 (100,407) Covered payroll^ 127,364 132,138 134,734 135,361 140,137 142,781 150,170 154,740 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 66.25% 81.75% 192.94% 154.40% 125.18% 124.76% 143.33% -64.89% Wastewater
Proportion of net pension liability 2.27% 2.20% 2.17% 2.15% 2.11% 2.05% 2.03% 1.99% Proportionate share of the net pension (asset)/liability $ 37,615 48,177 118,907 100,973 85,037 86,235 103,746 (48,770) Covered payroll^ 56,913 58,141 61,552 65,399 67,975 69,197 72,410 72,116 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 66.09% 82.86% 193.18% 154.40% 125.10% 124.62% 143.28% -67.63% Hetchy Water
Proportion of net pension liability 0.56% 0.57% 0.57% 0.54% 0.50% 0.51% 0.52% 0.57% Proportionate share of the net pension (asset)/liability $ 9,242 12,093 31,235 25,216 20,390 21,477 26,645 (13,912) Covered payroll^ 14,040 15,064 16,168 16,426 16,108 17,215 18,548 20,656 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 65.83% 80.28% 193.19% 153.51% 126.59% 124.76% 143.65% -67.35% Hetchy Power
Proportion of net pension liability 0.68% 0.69% 0.70% 0.65% 0.62% 0.62% 0.64% 0.69% Proportionate share of the net pension (asset)/liability $ 11,295 14,781 38,177 30,819 24,920 26,249 32,566 (17,004) Covered payroll 17,049 18,235 19,855 19,772 19,974 20,928 22,829 25,005 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 66.25% 81.06% 192.27% 155.87% 124.76% 125.43% 142.65% -68.00% CleanPowerSF
Proportion of net pension liability 0.02% 0.03% 0.04% 0.06% 0.07% Proportionate share of the net pension (asset)/liability $ 1,087 1,070 1,805 3,008 (1,833) Covered payroll^ 608 966 1,350 2,140 2,537 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 178.68% 110.71% 133.69% 140.55% -72.26% SFPUC Total
Proportion of net pension liability 8.59% 8.46% 8.19% 7.81% 7.61% 7.45% 7.46% 7.59% Proportionate share of the net pension (asset)/liability $ 142,526 183,075 448,275 367,098 306,846 313,899 381,205 (181,926) Covered payroll^ 215,365 223,577 232,309 237,566 245,159 251,471 266,098 275,054 Proportionate share of the net pension (asset)/liability as a percentage of covered payroll 66.18% 81.88% 192.96% 154.52% 125.16% 124.83% 143.26% -66.14% City - San Francisco Employee's Retirement
System (SFERS) Plan and Measurement Period (MP)

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Required Supplementary Information (Unaudited)
Schedules of the Proportionate Share of the Net Pension (Asset)/Liability Fiscal Years Ended 2015 to 2022
(In thousands)
Data not available - CleanPowerSF
launched in May 2016.
171 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022

(continued)
1Contractually required contributions is an actuarially contribution for all cost-sharing plans. *Fiscal year 2015 was the first year of implementation of GASB Statement No. 68, Accounting and Financial Reporting for Pensions. Therefore only eight seven years data shown.

RSI will be provided for 10 years as it becomes available. ** In fiscal year 2015, the actuarially determined contributions were based on an estimated. Due to the early implementation of GASB Statement No. 82, Pension Issues, the City decreased the actuarially determined contributions for the City SFERS plan to deduct the employer pickup in the amount of $8.6 million. (City and County only.) ^Water, Wastewater, Hetchy Water, Hetchy Power, CleanPowerSF and SFPUC covered payroll is calculated based on the latest available measurement period percentage of propor- tion of net pension (asset)/liability by the Total covered payroll from SFERS (www.mysfers.org). The total covered payroll for SFERS includes the City, San Francisco Unified School District, San Francisco Community College District and the San Francisco Courts. For fiscal year 2021, the percentage of proportion of net pension liability is updated to be based on measuring period 2021. Fiscal year 2022 is an estimated percentage of proportion of net pension liability based on measuring period 2021.

Source: Office of the Controller, City and County of San Francisco and San Francisco Employees’ Retirement System (SFERS) See accompanying auditors’ report.

Source: Office of the Controller, City and County of San Francisco.See accompanying auditors’ report. 2015* 2016 2017 2018 2019 2020 2021 2022
(MP 2015) (MP 2016) (MP 2017) (MP 2018) (MP 2019) (MP 2020) (MP 2021) (MP 2022) Actuarially determined contributions 1** $ 556,511 496,343 519,073 582,568 607,408 701,307 791,736 729,578 Contributions in relations to the
actuarially determined contributions 1 (556,511) (496,343) (519,073) (582,568) (607,408) (701,307) (791,736) (729,578) Contribution deficiency (excess) $ — — — — — — — — Covered payroll $ 2,529,879 2,681,695 2,880,112 3,045,153 3,186,405 3,378,945 3,434,713 3,553,859 Contributions as a percentage of
covered payroll 22.00% 18.51% 18.02% 19.13% 19.06% 20.76% 23.05% 20.53% Water
Actuarially determined contributions 1 $ 28,280 24,497 24,638 25,922 26,440 29,647 33,367 31,151 Contributions in relations to the
actuarially determined contributions 1 (28,280) (24,497) (24,638) (25,922) (26,440) (29,647) (33,367) (31,151) Contribution deficiency (excess) $ — — — — — — — — Covered payroll^ $ 132,138 134,734 135,361 140,137 142,781 150,170 154,740 159,803 Contributions as a percentage of
covered payroll 21.40% 18.18% 18.20% 18.50% 18.52% 19.74% 21.56% 19.49% Wastewater
Actuarially determined contributions 1 $ 12,608 10,930 11,270 12,523 12,816 14,352 16,083 14,543 Contributions in relations to the
actuarially determined contributions 1 (12,608) (10,930) (11,270) (12,523) (12,816) (14,352) (16,083) (14,543) Contribution deficiency (excess) $ — — — — — — — — Covered payroll^ $ 58,141 61,552 65,399 67,975 69,197 72,410 72,116 74,475 Contributions as a percentage of
covered payroll 21.69% 17.76% 17.23% 18.42% 18.52% 19.82% 22.30% 19.53% Hetchy Water
Actuarially determined contributions 1 $ 3,097 2,806 2,961 3,128 3,073 3,574 4,130 4,149 Contributions in relations to the
actuarially determined contributions 1 (3,097) (2,806) (2,961) (3,128) (3,073) (3,574) (4,130) (4,149) Contribution deficiency (excess) $ — — — — — — — — Covered payroll^ $ 15,064 16,168 16,426 16,108 17,215 18,548 20,656 21,332 Contributions as a percentage of
covered payroll 20.56% 17.36% 18.03% 19.42% 17.85% 19.27% 19.99% 19.45% Hetchy Power
Actuarially determined contributions 1 $ 3,786 3,430 3,618 3,822 3,756 4,369 5,048 5,071 Contributions in relations to the
actuarially determined contributions 1 (3,786) (3,430) (3,618) (3,822) (3,756) (4,369) (5,048) (5,071) Contribution deficiency (excess) $ — — — — — — — — Covered payroll^ $ 18,235 19,855 19,772 19,974 20,928 22,829 25,005 25,823 Contributions as a percentage of
covered payroll 20.76% 17.27% 18.30% 19.14% 17.95% 19.14% 20.19% 19.64% CleanPowerSF
Actuarially determined contributions 1 $ 135 161 300 466 546 Contributions in relations to the
actuarially determined contributions 1 (135) (161) (300) (466) (546) Contribution deficiency (excess) $ — — — — —
Covered payroll^ 966 1,350 2,140 2,537 2,620 Contributions as a percentage of
covered payroll 13.97% 11.92% 14.02% 18.37% 20.84%
SFPUC Total
Actuarially determined contributions 1 $ 47,771 41,663 42,487 45,530 46,246 52,242 59,094 55,460 Contributions in relations to the
actuarially determined contributions 1 (47,771) (41,663) (42,487) (45,530) (46,246) (52,242) (59,094) (55,460) Contribution deficiency (excess) $ — — — — — — — — Covered payroll^ $ 223,577 232,309 236,958 245,159 251,471 266,098 275,054 284,053 Contributions as a percentage of
covered payroll 21.37% 17.93% 17.93% 18.57% 18.39% 19.63% 21.48% 19.52% (continued)

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Required Supplementary Information (Unaudited)
Schedules of Employer Contributions - Pension Plan
Fiscal Years Ended 2015 to 2022
(In thousands)
City - SFERS Plan and Measurement
Period (MP)
Data not available - CleanPowerSF
launched in May 2016.
172 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 Methods and assumptions updated per Office of the Controller.

Source: Office of the Controller, City and County of San Francisco.

Fiscal Year 2022 Fiscal Year 2021
Valuation date.................................. July 1, 2019 July 1, 2018 Actuarial cost method....................... Entry-age normal cost method Entry-age normal cost method Amortization method........................ Level annual percentage of payroll Level annual percentage of payroll Remaining amortization period........ Closed 15-year period Closed 15-year period Asset valuation method.................... 5 year smoothed market 5 year smoothed market Investment rate of return.................. 7.40% (net of investment expenses) 7.40% (net of investment expenses) Inflation............................................. 2.75% 3.00% compounded annually Projected salary increase................. Wage inflation component: 3.50% Wage inflation component: 3.50% Fiscal Year 2020 Fiscal Year 2019
Valuation date.................................. July 1, 2017 July 1, 2016 Actuarial cost method....................... Entry-age normal cost method Entry-age normal cost method Amortization method........................ Level annual percentage of payroll Level annual percentage of payroll Remaining amortization period........ Closed 15-year period Closed 15-year period Asset valuation method.................... 5 year smoothed market 5 year smoothed market Investment rate of return.................. 7.50% (net of investment expenses) 7.50% (net of investment expenses) Inflation............................................. 3.00% compounded annually 3.25% compounded annually Projected salary increase................. Wage inflation component: 3.50% Wage inflation component: 3.75% Fiscal Year 2018 Fiscal Year 2017
Valuation date.................................. July 1, 2015 July 1, 2014 Actuarial cost method.......................

Entry-age normal cost method Entry-age normal cost method Amortization method........................ Level annual percentage of payroll Level annual percentage of payroll Remaining amortization period........ Closed 15-year period Closed 15-year period Asset valuation method.................... 5 year smoothed market 5 year smoothed market Investment rate of return.................. 7.50% (net of investment expenses) 7.50% (net of investment expenses) Inflation............................................. 3.25% compounded annually 3.25% compounded annually Projected salary increase................. Wage inflation component: 3.75% Wage inflation component: 3.75% Fiscal Year 2016 Fiscal Year 2015
Valuation date.................................. July 1, 2013 July 1, 2012 Actuarial cost method....................... Entry-age normal cost method Entry-age normal cost method Amortization method........................ Level annual percentage of payroll Level annual percentage of payroll Remaining amortization period........ Rolling 15-year period Rolling 15-year period Asset valuation method.................... 5 year smoothed market 5 year smoothed market Investment rate of return.................. 7.58% (net of investment expenses) 7.58% (net of investment expenses) Inflation............................................. 3.33% compounded annually 3.33% compounded annually Projected salary increase................. Wage inflation component: 3.83% Wage inflation component: 3.83%

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Required Supplementary Information (Unaudited)
Schedules of Employer Contributions - Pension Plan
Fiscal Years Ended 2015 to 2022
Methods and assumptions used to determine contribution rates to SFERS Plan 173 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 * Fiscal year 2021 was the first year SFPUC Water Enterprise have Replacement Benefits Plan. RSI will be provided for 10 years as it becomes available.

No assets are accumulated in a trust that meet the criteria in GASB Statement No. 73 to pay related benefits.

Source: Office of the Controller, City and County of San Francisco.

See accompanying auditors’ report.

2021* 2022
City Replacement Benefits Plan (MP 2020) (MP 2021)
Plan total pension liability:

Service Cost….................................................................X $ 1,976 2,571 Interest…................................................................... X 4,776 4,076 Changes of benefits…...................................................X — — Differences between expected and X
actual experience….................................................X 7,800 24,547 Changes of assumptions…..........................................X 37,013 7,274 Benefit payments….......................................................X (3,634) (4,097) Net change in total pension liability……...................... X 47,931 34,371 Total pension liability, beginning…..................................X 137,272 185,203 Plan total pension liability, ending…...................... X $ 185,203 219,574 Covered-employee payroll................................................X $ 3,414,923 3,470,495 Plan total pension liability as a percentage
of the covered-employee payroll ................................X $ 5.42% 6.33% Water Enterprise
Plan total pension liability:

Service Cost….................................................................X $ 13 47 Interest…................................................................... X 30 75 Changes of benefits…...................................................X — — Differences between expected and X
actual experience…................................................X 50 453 Changes of assumptions…..........................................X 235 134 Benefit payments….......................................................X (23) (76) Net change in total pension liability……...................... X 305 635 Total pension liability, beginning…..................................X — 1,177 Adjustments to pension............................................ X 872 2,244 Plan total pension liability, ending…...................... X $ 1,177 4,056 Covered-employee payroll................................................X $ 21,695 64,104 Plan total pension liability as a percentage
of the covered-employee payroll ................................X $ 0.03% 0.12% Water Enterprise's allocation of the City's proportionate share: 0.64% 1.85%

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Required Supplementary Information (Unaudited)
Schedules of Changes in Total Pension Liability and Related Ratios - Replacement Benefits Plan Fiscal Years 2021 to 2022
(In thousands)
174 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 (continued)
*Fiscal year 2018 was the first year of implementation of GASB Statement No. 75, Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions . Therefore five years data is shown. RSI will be provided for 10 years as it becomes available. ^ Water, Wastewater, Hetchy Water, Hetchy Power, CleanPowerSF and SFPUC covered payroll is based on the percentage of proportion of net OPEB liability to the City’s covered payroll.

Source: Office of the Controller, City and County of San Francisco.

See accompanying auditors’ report.

City Plan and Measurement Period (MP) 2018* 2019 2020 2021 2022 (MP 2017) (MP 2018) (MP 2019) (MP 2020) (MP 2021)
Total Other Postemployment Benefits (OPEB) Liability
Service Cost $ 125,195 127,850 133,736 141,642 155,840 Interest (includes interest on service cost) 272,942 290,029 283,520 314,907 300,122 Differences between expected and actual experience — (385,732) 194,068 (381,922) (151,947) Changes of assumptions — 111,119 — 151,725 — Benefits payments, including refunds of
member contributions (165,470) (178,019) (185,839) (196,445) (206,439) Net change in total OPEB liability 232,667 (34,753) 425,485 29,907 97,576 Total OPEB liability - beginning 3,659,019 3,891,686 3,856,933 4,282,418 4,312,323 Adjustments to OPEB — — — (2) —
Total OPEB liability - ending $ 3,891,686 3,856,933 4,282,418 4,312,323 4,409,899 Plan fiduciary net position
Contributions - employer $ 183,898 203,858 218,625 235,963 245,994 Contributions - member 31,686 41,682 51,024 60,236 61,582 Net investment income 17,368 14,105 26,959 22,746 128,916 Benefit payments, including refunds of
member contributions (165,470) (178,019) (185,839) (196,445) (206,439) Administrative expense (109) (137) (132) (113) (265) Net change in plan fiduciary net position 67,373 81,489 110,637 122,387 229,788 Plan fiduciary net position - beginning 107,104 174,477 255,966 366,603 488,989 Adjustments to OPEB — — — (1) —
Plan fiduciary net position - ending 174,477 255,966 366,603 488,989 718,777 Net OPEB liability - ending $ 3,717,209 3,600,967 3,915,815 3,823,334 3,691,122 Plan fiduciary net position as a
percentage of the total OPEB liability 4.48% 6.64% 8.56% 11.34% 16.30% Covered payroll $ 3,393,658 3,583,448 3,763,446 3,951,792 3,955,498 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% Water
Proportion of net OPEB liability $ 166,336 150,771 163,684 148,771 144,115 Percentage of proportion of net OPEB liability 4.47% 4.19% 4.18% 3.89% 3.90% Covered payroll 151,858 150,037 157,315 153,769 154,437 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% Wastewater
Proportion of net OPEB liability $ 59,517 53,567 58,183 50,711 49,123 Percentage of proportion of net OPEB liability 1.60% 1.49% 1.49% 1.33% 1.33% Covered payroll 54,337 53,306 55,919 52,415 52,641 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% Hetchy Water
Proportion of net OPEB liability $ 15,872 15,404 16,350 14,444 14,240 Percentage of proportion of net OPEB liability

0.43% 0.43% 0.42% 0.38% 0.39%
Covered payroll 14,490 15,329 15,714 14,929 15,260 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% Hetchy Power
Proportion of net OPEB liability $ 19,400 18,826 19,983 17,653 17,405 Percentage of proportion of net OPEB liability 0.52% 0.52% 0.51% 0.46% 0.47% Covered payroll 17,711 18,734 19,205 18,246 18,652 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% CleanPowerSF
Proportion of net OPEB liability $ 728 1,242 2,197 2,909 2,264 Percentage of proportion of net OPEB liability 0.02% 0.03% 0.06% 0.08% 0.06% Covered payroll 665 1,236 2,112 3,007 2,426 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% SFPUC Total
Proportion of net OPEB liability $ 261,853 239,810 260,397 234,488 227,147 Percentage of proportion of net OPEB liability 7.04% 6.66% 6.66% 6.14% 6.15% Covered payroll 239,061 238,643 250,265 242,366 243,416 Net OPEB liability as a percentage of covered payroll 109.53% 100.49% 104.05% 96.75% 93.32% (continued)
(In thousands)

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Required Supplementary Information (Unaudited)
Schedules of Changes in Other Post-employment Benefits Liability and Related Ratios Other Post-employment Healthcare Benefits Plan
Fiscal Years Ended 2018 to 2022
175 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 *Fiscal year 2018 was the first year of implementation of GASB Statement No. 75, Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions . Therefore five years data is shown. RSI will be provided for 10 years as it becomes available. ** Fiscal year 2021 and 2020 covered payroll data and percentage updated in fiscal year 2022. ^ Water, Wastewater, Hetchy Water, Hetchy Power, CleanPowerSF and SFPUC covered payroll is calculated based on the percentage of proportion of net OPEB liability by the Total covered payroll. For fiscal year 2022, the percentage of proportion of net OPEB liability is based on FY2021.

Source: Office of the Controller, City and County of San Francisco.

See accompanying auditors’ report.

2018* 2019 2020 2021** 2022
(MP 2018) (MP 2019) (MP 2020) (MP 2021) (MP 2022)
Charter Required or Actuarially determined contributions (ADC) $ 203,858 218,625 235,963 245,992 252,866 Contributions in relations to charter required contribution or ADC (203,858) (218,625) (235,963) (245,992) (252,866) Contribution deficiency (excess) $ — — — — —
Covered payroll $ 3,583,448 3,763,446 3,951,792 3,955,498 4,267,680 Contributions as a percentage of covered payroll 5.69% 5.81% 5.97% 6.22% 5.93% Water
Charter Required or Actuarially determined contributions (ADC) $ 9,122 9,154 9,863 9,572 9,873 Contributions in relations to charter required contribution or ADC (9,122) (9,154) (9,863) (9,572) (9,873) Contribution deficiency (excess) $ — — — — —
Covered payroll^ $ 150,037 157,315 153,769 154,437 166,626 Contributions as a percentage of covered payroll 6.08% 5.82% 6.41% 6.20% 5.93% Wastewater
Charter Required or Actuarially determined contributions (ADC) $ 3,264 3,252 3,506 3,263 3,365 Contributions in relations to charter required contribution or ADC (3,264) (3,252) (3,506) (3,263) (3,365) Contribution deficiency (excess) $ — — — — —
Covered payroll^ $ 53,306 55,919 52,415 52,641 56,796 Contributions as a percentage of covered payroll 6.12% 5.82% 6.69% 6.20% 5.92% Hetchy Water
Charter Required or Actuarially determined contributions (ADC) $ 870 935 985 929 975 Contributions in relations to charter required contribution or ADC (870) (935) (985) (929) (975) Contribution deficiency (excess) $ — — — — —
Covered payroll^ $ 15,329 15,714 14,929 15,260 16,464 Contributions as a percentage of covered payroll 5.68% 5.95% 6.60% 6.09% 5.92% Hetchy Power
Charter Required or Actuarially determined contributions (ADC) $ 1,064 1,143 1,204 1,136 1,192 Contributions in relations to charter required contribution or ADC (1,064) (1,143) (1,204) (1,136) (1,192) Contribution deficiency (excess) $ — — — — —
Covered payroll^ $ 18,734 19,205 18,246 18,652 20,124 Contributions as a percentage of covered payroll 5.68% 5.95% 6.60% 6.09% 5.92% CleanPowerSF
Charter Required or Actuarially determined contributions (ADC) $ 40 75 132 187 155 Contributions in relations to charter required contribution or ADC (40) (75) (132) (187) (155) Contribution deficiency (excess) $ — — — — —
Covered payroll^ 1,236 2,112 3,007 2,426 2,618 Contributions as a percentage of covered payroll 3.24% 3.55% 4.39% 7.71% 5.92% SFPUC Total
Charter Required or Actuarially determined contributions (ADC) $ 14,360 14,559 15,690 15,087 15,560 Contributions in relations to charter required contribution or ADC (14,360) (14,559) (15,690) (15,087) (15,560) Contribution deficiency (excess) $ — — — — —
Covered payroll^ $ 238,642 250,265 242,366 243,416 262,628 Contributions as a percentage of covered payroll 6.02% 5.82% 6.47% 6.20% 5.92% City - City Plan and Measurement Period

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Required Supplementary Information (Unaudited)
Schedules of Employer Contributions - Other Post-employment Healthcare Benefits Plan Fiscal Years Ended 2018 to 2022
(In thousands)
176 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 See accompanying auditors’ report.

Assets $ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change Current assets:

Cash and investments with City Treasury........................................................................................................................................................................................................................$ (22,873) (4.7) 3,457 1.2 4,817 5.4 (1,078) (0.6) (34,604) (38.1) — — (50,281) (4.4) Cash and investments outside City Treasury.....................................................................................................................................................................................................................xx 17 5.6 31 8.5 — — (595) (97.4) — — — — (547) (42.8) Receivables: xx
Charges for services (net of allowance for doubtful xx
accounts of $3,915, $4,273, $0, $1,297, and $6,330 in 2022 and xx $5,445, $5,369, $0, $1,258, and $5,485 in 2021).................................................................................................................................................................................................................xx 6,267 11.3 7,240 21.9 33 7.5 (8,835) (46.4) 20,438 72.3 — — 25,143 18.4 Due from other City departments, current portion................................................................................................................................................................................................................................xx (70) (28.2) (56) (19.9) — — (6,546) (88.3) — — (1) (0.9) (6,673) (85.2) Due from other governments..........................................................................................................................................................................................................xx (16) (100.0) 25 100.0 (67) (11.6) 31 11.6 — — — — (27) (3.1) Interest ...........................................................................................................................................................................................................................................xx 142 55.3 125 66.1 19 90.5 76 60.8 6 10.9 — — 368 56.9 Interest-Leases ...........................................................................................................................................................................................................................................xx 25 2.9 — — — — — — — — — — 25 2.9 Restricted due from other governments................................................................................................................................................................................................................xx (41,993) (84.8) 182,040 877.1 — — — — — — — — 140,047 199.2 Leases receivable, current portion….........................................................................xx 36 1.1 — — — — — — — — — — 36 1.1 Restricted interest and other receivable (net of allowance for doubtful accounts of $146, $385, $0, $0 and $0 in 2022 and
$24, $68, $0, $0 and $0 in 2021)..................................................................................xx 159 4.0 (540) (19.0) — — (7,497) (63.5) — — — — (7,878) (42.3) Total current receivables..............................................................................................................................................................................................................................................xx (35,450) (31.2) 188,834 330.4 (15) (1.4) (22,771) (58.9) 20,444 72.2 (1) (0.9) 151,041 63.3 Prepaid charges, advances, and other receivables, current portion..............................................................................................................................................................................................................................xx 6,033 98.1 (531) (60.5) (186) (46.3) (755) (28.3) 8,366 383.1 — — 12,927 105.3 Inventory....................................................................................................................................................................................................................................................xx 865 14.6 301 11.3 8 4.2 (142) (7.8) — — — — 1,032 9.7 Restricted cash and investments outside City Treasury, current portion....................................................................................................................................................................................................................................................xx (46,102) (80.6) 15,289 5,130.5 — — 5,075 3,317.0 — — — — (25,738) (44.7) Total current assets...........................................................................................................................................................................................................................................xx (97,510) (14.6) 207,381 60.5 4,624 5.1 (20,266) (8.6) (5,794) (4.8) (1) (0.9) 88,434 6.1 Non-current assets: xx
Net pension asset..............................................................................................................................................................................................................................xx 100,407 100.0 48,770 100.0 13,912 100.0 17,004 100.0 1,833 100.0 — — 181,926 100.0 Restricted cash and investments with City Treasury....................................................................................................................................................................................................xx 9,299 100.0 — — (6,990) (100.0) (5,241) (100.0) — — — — (2,932) (24.0) Restricted cash and investments outside City Treasury, less current portion.................................................................................................................................................................................................xx (794) (1.2) 13,873 140.2 — — 5,134 139.1 — — — — 18,213 23.0 Leases receivable, less current portion….........................................................................xx (2,981) (6.5) — — — — — — — — — — (2,981) (6.5) Restricted interest and other receivable, and prepaid (net of allowance for doubtful accounts of $8, $29, $0, $0, and $0 in 2022 and xx $8, $29, $0, $0, and $0 in 2021)……………...............................................................................xx — — (16) (3.6) — — — — — — — — (16) (3.5) Lease assets, net of accumulated amortization...............................................................................................................................................................................................................xx (1,425) (33.6) (2,325) (39.3) (13) (17.6) (17) (18.9) (345) (60.0) — — (4,125) (37.9) Charges for services, less current portion (net of allowance for doubtful accounts of $656, $567, $0, $0, and $0 in 2022 and xx
$658, $569 $0, $0, and $0 in 2021)…………....................................................................………….xx — — 1 0.3 — — — — — — — — 1 0.2 Prepaid charges, advances, and other receivables, less current portion.............................xx 243 6.9 (27) (2.3) (6) (3.9) 8,637 1,147.0 12,236 100.0 — — 21,083 376.1 Capital assets, not being depreciated and amortized............................................................................................................................................................................................................................xx (79,155) (12.4) 383,773 27.6 18,805 48.8 91,217 52.3 — — — — 414,640 18.5 Capital assets, net of accumulated depreciation and amortization...............................................................................................................................................................................................................xx 108,950 2.2 55,828 2.5 4,721 3.4 2,363 0.7 — — — — 171,862 2.3 Due from other City departments, less current portion.............................................................xx — — — — — — 5,944 119.0 — — 111 17.6 6,055 138.7 Total non-current assets........................................................................................................................................................................................................................................xx 134,544 2.4 499,877 13.8 30,429 16.5 125,041 24.7 13,724 2,386.8 111 17.6 803,726 8.0 Total assets................................................................................................................................xx 37,034 0.6 707,258 17.8 35,053 12.7 104,775 14.1 7,930 6.5 110 14.9 892,160 7.8 Deferred outflows of resources
Unamortized loss on refunding of debt.........................................................................................xx (15,510) (10.0) (58) (63.7) — — — — — — — — (15,568) (10.0) Pensions..................................................................................................................................................................xx (11,945) (18.4) (4,850) (16.0) (1,103) (14.1) (1,348) (14.1) 49 6.1 — — (19,197) (17.0) Other post-employment benefits..................................................................................................................................................................xx (5,317) (14.1) (2,211) (14.6) (453) (12.2) (553) (12.1) 356 80.5 — — (8,178) (13.3) Total deferred outflows of resources.......................................................................................................................$ (32,772) (12.7) (7,119) (15.7) (1,556) (13.5) (1,901) (13.5) 405 32.5 — — (42,943) (13.0) (Continued)
Eliminations
Business Type Activities – Proprietary Funds
SFPUC TotalWater Hetchy PowerWastewater CleanPowerSFHetchy Water

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Schedule of Changes in Net Position – Dollar and Percentage Change vs. Prior Year Proprietary Funds
June 30, 2022 and 2021
(In thousands)
177 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 See accompanying auditors’ report.
$ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change Liabilities
Current liabilities:

Accounts payable...............................................................................................................................................................................................................................................$ 6,669 41.2 7,306 47.8 4,192 98.4 (6,241) (27.2) 7,667 48.3 — — 19,593 26.3 Accrued payroll................................................................................................................................................................................................................................................xx 650 6.6 255 4.1 56 5.4 88 3.4 82 28.2 — — 1,131 5.7 Accrued vacation and sick leave, current portion...............................................................................................................................................................................................................xx 101 1.5 (332) (5.7) (25) (2.4) (30) (1.7) 74 36.1 — — (212) (1.4) Accrued workers’ compensation, current portion.................................................................................................................................................................................................................xx 6 0.4 195 16.3 18 9.1 22 5.8 — — — — 241 7.0 Due to other City departments, current portion......................................................................................................................................................................xx — — 1 0.9 — — 11 3.0 — — (1) (0.9) 11 3.0 Damage claims liability, current portion....................................................................................................................................................................................................................xx (4,209) (29.2) 3,431 58.2 10 4.6 (51) (12.5) 9 150.0 — — (810) (3.9) Unearned revenues, refunds, and other, current portion.......................................................................................................................................................................................................................................xx 171 0.9 792 14.8 2 9.1 782 15.2 3,168 308.2 — — 4,915 16.1 Bond, loan and lease interest payable.................................................................................................................................................................................................................................xx (757) (2.1) 4,184 24.2 — — 868 189.1 (1) (100.0) — — 4,294 8.0 Bonds, current portion.................................................................................................................................................................................................................................xx 16,785 15.5 11,465 50.1 — — 38 2.0 — — — — 28,288 21.2 Certificates of participation, current portion....................................................................................................................................................xx 168 5.7 45 5.7 — — 22 5.4 — — — — 235 5.6 Commercial paper...............................................................................................................................................................................................................................................xx 100,435 94.9 (259,361) (40.6) — — (74,652) (65.1) — — — — (233,578) (27.2) State revolving funds loans payable, current portion……………...…xx 1,616 96.9 (2) (0.1) — — — — — — — — 1,614 38.9 Lease liability, current portion….................................................... xx (373) (27.0) 27 1.2 (13) (81.3) (16) (84.2) (113) (32.8) — — (488) (12.0) Wholesale balancing account, current portion....................................................................xx 26,884 124.8 — — — — — — — — — — 26,884 124.8 Current liabilities payable from restricted assets.............................................................................................................................................................................................................xx (1,910) (7.0) (77) (0.1) (2,733) (30.2) 3,666 23.8 — — — — (1,054) (0.7) Total current liabilities......................................................................................................................................................................................................................................xx 146,236 39.2 (232,071) (28.5) 1,507 9.5 (75,493) (45.4) 10,886 61.4 (1) (0.9) (148,936) (10.7) Long-term liabilities: xx
Other post-employment benefits obligations.......................................................................................................................................................................................................................xx (4,656) (3.1) (1,588) (3.1) (204) (1.4) (248) (1.4) (645) (22.2) — — (7,341) (3.1) Net pension liability....................................................................................xx (216,417) (100.0) (103,746) (100.0) (26,645) (100.0) (32,566) (100.0) (3,008) (100.0) — — (382,382) (100.0) Accrued vacation and sick leave, less current portion..........................................................................................................................................................................................................xx (288) (4.0) (425) (7.3) 9 0.8 10 0.5 72 36.9 — — (622) (3.9) Accrued workers’ compensation, less current portion............................................................................................................................................................................................................xx 139 1.9 769 14.3 90 9.8 110 6.3 — — — — 1,108 7.3 Due to other City departments, less current portion........................xx — — (111) (17.6) — — — — — — 111 17.6 — — Damage claims liability, less current portion...............................................................................................................................................................................................................xx 3,555 15.9 (8,099) (74.8) 92 30.0 (34) (4.9) 17 100.0 — — (4,469) (13.1) Unearned revenues, refunds, and other, less current portion.......................................................................................................................................................................................................................................xx — — — — (6) (5.2) (48) (5.6) — — — — (54) (0.5) Bonds, less current portion............................................................................................................................................................................................................................xx (150,625) (3.1) 329,866 21.1 — — 148,136 333.8 — — — — 327,377 5.0 Notes, less current portion............................................................................................................................................................................................................................xx — — 350,356 100.0 — — — — — — — — 350,356 100.0 Certificates of participation, less current portion.......................................................................................................................................................................................................................................xx (3,193) (3.3) (844) (3.3) — — (433) (3.3) — — — — (4,470) (3.3) State revolving funds loans payable, less current portion…………..xx 12,738 12.0 194,102 183.0 — — — — — — — — 206,840 97.7 Lease liability, less current portion…....................................................xx (1,008) (35.2) (2,341) (64.3) (3) (4.8) (3) (4.0) (232) (100.0) — — (3,587) (52.2) Wholesale balancing account, less current portion....................................................................xx (8,598) (21.9) — — — — — — — — — — (8,598) (21.9) Pollution remediation obligations.........................................................................................................................................................................................................xx — — 260 3.3 — — — — — — — — 260 2.9 Total long-term liabilities....................................................................................................................................................................................................................................xx (368,353) (6.7) 758,199 40.2 (26,667) (61.1) 114,924 101.9 (3,796) (24.7) 111 17.6 474,418 6.2 Total liabilities..............................................................................................................................................................................................................................................xx (222,117) (3.8) 526,128 19.5 (25,160) (42.3) 39,431 14.1 7,090 21.4 110 14.9 325,482 3.6 Deferred inflows of resources xx
Related to pensions..............................................................................................................................................................................................................................................xx 243,819 4,991.2 112,522 5,238.5 33,489 3,389.6 40,931 3,391.1 4,321 395.3 — — 435,082 4,215.5 Leases…....................................................................................... xx (3,527) (7.3) — — — — — — — — — — (3,527) (7.3) Other post-employment benefits..................................................................................................................................................................xx 4,033 18.9 1,375 18.9 649 31.1 794 31.2 (319) (16.7) — — 6,532 18.6 Total deferred inflows of resources....................................................xx 244,325 328.8 113,897 1,210.0 34,138 1,110.9 41,725 1,111.2 4,002 133.1 — — 438,087 468.3 Net position xx
Net investment in capital assets................................................................................................................................................................................................................xx 20,342 3.9 (161,084) (12.8) 23,526 13.3 29,096 9.0 — — — — (88,120) (3.9) Restricted for debt service....................................................................................................................................................................................................................................xx (30,915) (67.8) 2,399 80.2 — — 41 41.4 — — — — (28,475) (58.5) Restricted for capital projects................................................................................................................................................................................................................................xx (22,319) (100.0) 114,657 100.0 — — — — — — — — 92,338 413.7 Unrestricted...................................................................................................................................................................................................................................................xx 14,946 22.6 104,142 227.5 993 2.1 (7,419) (5.0) (2,757) (3.2) — — 109,905 27.8 Total net position...............................................................................................................................................................................................................................................$ (17,946) (2.8) 60,114 4.6 24,519 10.9 21,718 4.6 (2,757) (3.2) — — 85,648 3.1

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Schedule of Changes in Net Position – Dollar and Percentage Change vs. Prior Year Proprietary Funds
June 30, 2022 and 2021
(In thousands)
Business Type Activities – Proprietary Funds
Water Wastewater SFPUC TotalHetchy Power EliminationsHetchy Water CleanPowerSF 178 Financial Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 See accompanying auditors’ report.
$ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change $ Change % Change Operating revenues:

Charges for services..............................................................................................................$ (10,780) (2.0) 37,805 11.9 2,221 4.7 36,858 27.1 50,195 24.2 116,299 9.2 Rents and concessions........................................................................................................................xx 30 0.2 63 9.8 1 0.9 1 0.7 — — 95 0.6 Capacity fees........................................................................................................................xx 837 63.1 2,570 69.3 — — — — — — 3,407 67.7 Other revenues......................................................................................................................................................xx 594 3.5 779 15.3 — — — — — — 1,373 6.2 Total operating revenues.................................................................................................................................xx (9,319) (1.6) 41,217 12.6 2,222 4.7 36,859 27.0 50,195 24.2 121,174 9.3 Operating expenses: xx
Personnel services.....................................................................................................................xx (49,143) (37.1) (26,993) (29.8) (4,235) (21.3) (6,110) (15.0) (3,474) (45.5) (89,955) (30.9) Contractual services......................................................................................................................xx (572) (4.1) 2,626 15.9 456 19.0 899 10.3 143 2.1 3,552 7.4 Transmission/distribution and other power costs......................................................................................................................xx — — — — — — 14,810 40.3 (820) (81.0) 13,990 37.1 Purchased electricity.........................................................................................................................................................................xx — — — — — — 749 12.5 49,569 26.1 50,318 25.7 Materials and supplies......................................................................................................................xx 2,544 19.3 2,753 30.3 90 7.1 280 14.1 7 26.9 5,674 22.2 Depreciation and amortization.............................................................................................................................................................................................xx 2,460 1.7 3,232 4.3 277 4.6 1,978 12.6 — — 7,947 3.3 Services provided by other departments..............................................................................................................................................................................xx 3,072 4.4 1,332 3.5 612 24.3 116 1.9 (307) (7.8) 4,825 4.0 General and administrative and other.......................................................................................................................xx (5,357) (7.3) (17,952) (28.3) 4,584 24.9 (2,015) (6.8) 4,289 138.2 (16,451) (8.7) Total operating expenses..................................................................................xx (46,996) (10.5) (35,002) (12.0) 1,784 3.5 10,707 7.4 49,407 23.2 (20,100) (1.7) Operating income (loss).....................................................................................................xx 37,677 28.2 76,219 214.7 438 (12.8) 26,152 282.5 788 (15.7) 141,274 93.3 Non-operating revenues (expenses): xx
Federal and state grants.....................................................................................................xx (8,898) (60.0) 20,711 100.0 (899) (66.6) 3,441 232.0 2,424 100.0 16,779 95.0 Interest and investment income (loss)...................................................................................xx (12,270) (893.0) (5,900) 497.1 (2,700) 1,163.8 (4,025) (16,770.8) (1,337) (2,621.6) (26,232) (87,440.0) Interest expenses...............................................................................................................xx (28,990) (15.7) (42,799) (122.5) 1 50.0 (3,652) (185.2) 21 80.8 (75,419) (34.0) Amortization of premium, discount, refunding loss, and issuance costs..............xx 2,093 26.9 (75) (0.9) — — (411) (187.7) — — 1,607 9.7 Net gain from sale of assets..............................................................................................xx (1,477) (57.8) 4 22.2 7 100.0 9 100.0 — — (1,457) (56.6) Other non-operating revenues.......................................................................................xx 6,372 22.4 (172) (3.5) 19 633.3 (6,960) (39.1) (592) (63.9) (1,333) (2.6) Other Non-operating expenses.....................................................................................xx 1,380 62.5 (73) (17.8) 26 41.3 311 34.5 — — 1,644 45.9 Net non-operating revenues (expenses)........................................................xx (41,790) (31.7) (28,304) (122.4) (3,546) (336.1) (11,287) (67.8) 516 54.2 (84,411) 61.9 Change in net position before capital contributions and transfers.....................................................................xx (4,113) (228.8) 47,915 387.7 (3,108) (130.9) 14,865 201.3 1,304 (32.1) 56,863 376.4 Capital contributions.................................................................................................................xx (4,180) 100.0 — — — — — — — — (4,180) (100.0) Transfers from the City and County of San Francisco.................................................................................................................xx (5,990) (28.5) (1,440) (100.0) 14,001 87.5 — — — — 6,571 17.1 Transfers to the City and County of San Francisco..............................................................................................................xx (14,012) 84.1 4,027 (96.2) — — — — — — (9,985) 46.7 Net capital contributions and transfers…....................................................xx (24,182) (282.8) 2,587 (94.1) 14,001 87.5 — — — — (7,594) (35.7) Change in net position....................................................................................................................................xx (28,295) (273.4) 50,502 525.4 10,893 79.9 14,865 216.9 1,304 (32.1) 49,269 135.4 Net position at beginning of year....................................................................................................................................................................................................................................................................................................................................................................................................................................... year…………………………………………………………………………..…………………………………………………………..…………………………………………………………..xx 10,349 1.6 9,612 0.7 13,626 6.5 6,853 1.5 (4,061) (4.5) 36,379 1.3 Net position at end of year.................................................................................................$ (17,946) (2.8) 60,114 4.6 24,519 10.9 21,718 4.6 (2,757) (3.2) 85,648 3.1 Water

THE SAN FRANCISCO PUBLIC UTILITIES COMMISSION
Schedule of Changes in Revenues, Expenses, and Net Position – Dollar and Percentage Change vs. Prior Year Proprietary Funds
June 30, 2022 and 2021
(In thousands)
Business Type Activities – Proprietary Funds
SFPUC TotalWastewater Hetchy Water Hetchy Power CleanPowerSF

KPMG LLP
Sui
te 1400
55 Second Street
San Francisco, CA 94105
KPMG LLP , a Delaware limited liability partnership and a membe r firm of
the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Compliance and Other Matters Based on an Audit of Fina ncial Statements Performed in Accordance With Government Auditing Standards The Honorable Mayor and Board of Supervisors
City and County of San Francisco:

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the business-type activities and each major fund of San Francisco Public Utilities Commission (SFPUC), as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the SFPUC basic financial
sta
tements, and have issued our report thereon dated February 28, 2023.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered SFPUC financial reporting (internal control) as a basis for desi gning audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of SFPUC ess an opi
nion on the effectiveness of SFPUC internal control.

A d
eficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in statements will not be prevented, or detected and corre cted, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether SFPUC financial statements are free from material miss
tatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of This Report
The
purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of SFPUC internal control or on com
pliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the internal control and compliance. Accordingly, this communi cation is not suitable for any other purpose.

San Francisco, California
February 28, 2023

Statistical Section
(Unaudited)
Financial Trends
These schedules contain trend information to help understand how SFPUC’s financial performance and well-being have changed over time.

Revenue Capacity
These schedules contain information to help the reader assess SFPUC’s revenues sources and rate structures.

Debt Capacity
These schedules contain information to help the reader assess the affordability of the SFPUC’s current levels of outstanding debt and its ability to issue additional debt in the future.

Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which SFPUC’s financial activities take place.

Operating Information
These schedules contain service and infrastructure data to enhance the reader’s ability to understand how the information in the SFPUC financial report relates to the services it provides and the activities it performs.

The San Francisco Public Utilities Commission
An Enterprise Department of the City and County of San Francisco, California Statistical Section
Financial Trends
Comparative Highlights of Revenues and Expenses
Changes in Net Position
Summary of Net Position by Component
Investments in Capital Assets
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022183 2022 Revenues - $1,482,570 2021 Revenues - $1,373,639
Financial Trends
Department-wide
Comparative Highlights of Revenues & Expenses
Fiscal Years Ended 2022 and 2021^
(Dollars in Thousands)
Charges for services $1,375,765 92.8%
Other $106,805 7.2%
Rents and concessions $14,719 1.0%
Other operating revenues $31,962 2.2%
Interest and investment loss $(26,202) -1.8%
Net gain from sale of assets $1,117 0.1%
Federal and State grants $34,440 2.3%
Other non-operating revenues $50,769 3.4%
Charges for services $1,259,466 91.6%
Other $114,173 8.4%
Rents and concessions $14,624 1.1%
Other operating revenues $27,182 2.0%
Interest and investment loss $30 0.0%
Net gain from sale of assets $2,574 0.2%
Federal and State grants $17,661 1.3%
Other non-operating revenues $52,102 3.8%
2022 Expenses - $1,410,599 2021 Expenses - $1,358,531
Personnel services $201,290 14.3%
Contractual services $51,851 3.7%
Purchased power & related costs $297,990 21.1%
Materials and supplies $31,228 2.2%
Depreciation and amortization $249,757 17.7%
Services provided by other
departments $125,955 8.9%
General & administrative and
Other operating expenses $171,654 12.2%
Interest Expense $278,936 19.8%
Non-operating expenses $1,938 0.1%
Personnel services $291,245 21.5%
Contractual services $48,687 3.6%
Purchased power & related costs $233,682 17.2%
Materials and supplies $25,554 1.9%
Depreciation and amortization $241,423 17.8%
Services provided by other
departments $121,130 8.9%
General & administrative and
Other operating expenses $188,105 13.9%
Interest Expense $205.124 15.0%
Non-operating expenses $3,582 0.3%
*Interest expenses includes net of amortization of premium, discount, refunding loss, and issuance costs. ^Rents and concessions, Interest and investment income (loss), Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022184 2022 Revenues - $604,092 2021 Revenues - $629,684
Financial Trends
Water Fund
Comparative Highlights of Revenues & Expenses
Fiscal Years Ended 2022 and 2021^
(Dollars in Thousands)
Charges for services $550,306 87.4%
Other $79,378 12.6%
Rents and concessions $13,735 2.2%
Capacity fees $1,326 0.2%
Other operating revenues $17,069 2.7%
Interest and investment income $1,374 0.2%
Net gain from sale of assets $2,556 0.4%
Federal and State grants $14,829 2.4%
Other non-operating revenues $28,489 4.5%
Charges for services $539,526 89.3%
Other $64,566 10.7%
Rents and concessions $13,765 2.3%
Capacity fees $2,163 0.4%
Other operating revenues $17,663 2.8%
Interest and investment income $(10,896) -1.8%
Net gain from sale of assets $1,079 0.2%
Federal and State grants $5,931 1.0%
Other non-operating revenues $34,861 5.8%
2022 Expenses - $606,407 2021 Expenses - $627,886
Personnel services $83,385 13.8%
Contractual services $13,457 2.2%
Materials and supplies $15,719 2.6%
Depreciation and amortization $147,904 24.4%
Services provided by other
departments $73,307 12.1%
General & administrative and
Other operating expense $68,014 11.2%
*Interest Expense $203,793 33.6%
Non-operating expenses $828 0.1%
Personnel services $132,528 21.1%
Contractual services $14,029 2.2%
Materials and supplies $13,175 2.1%
Depreciation and amortization $145,444 23.2%
Services provided by other
departments $70,235 11.2%
General & administrative and
Other operating expense $73,371 11.6%
*Interest Expense $176,896 28.2%
Non-operating expenses $2,208 0.4%
*Interest expenses includes net of amortization of premium, discount, refunding loss, and issuance costs. ^Rents and concessions, Interest and investment income (loss), Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022185 2022 Revenues - $ 387,249 2021 Revenues - $331,389
Financial Trends
Wastewater Fund
Comparative Highlights of Revenues & Expenses
Fiscal Years Ended 2022 and 2021^
(Dollars in Thousands)
Charges for services $318,236 96.1%
Other $13,153 3.9%
Rents and concessions $642 0.2%
Capacity fees $3,710 1.1%
Other operating revenues $5,077 1.5%
Interest and investment income $(1,187) -0.4%
Net gain from sale of assets $18 0.0%
Other non-operating revenues $4,893 1.5%
Charges for services $356,041 92.0%
Other $31,208 8.0%
Rents and concessions $705 0.2%
Capacity fees $6,280 1.6%
Other operating revenues $5,856 1.5%
Interest and investment income $(7,087) -1.8%
Net gain from sale of assets $22 0.0%
Federal and State grants $20,711 5.3%
Other non-operating revenues $4,721 1.2%
2022 Expenses - $326,974 2021 Expenses - $319,029
Personnel services $63,456 19.5%
Contractual services $19,115 5.8%
Materials and supplies $11,844 3.6%
Depreciation and amortization $77,575 23.7%
Services provided by other
departments $39,645 12.1%
General & administrative and
Other operating expense $45,536 13.9%
*Interest Expense $69,321 21.3%
Non-operating expenses $482 0.1%
Personnel services $90,449 28.4%
Contractual services $16,489 5.2%
Materials and supplies $9,091 2.8%
Depreciation and amortization $74,343 23.3%
Services provided by other
departments $38,313 12.0%
General & administrative and
Other operating expense $63,488 19.9%
*Interest Expense $26,447 8.3%
Non-operating expenses $409 0.1%
*Interest expenses includes net of amortization of premium, discount, refunding loss, and issuance costs. ^Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022186 2022 Revenues - $46,859 2021 Revenues - $48,210
Financial Trends
Hetchy Water Fund
Comparative Highlights of Revenues & Expenses
Fiscal Years Ended 2022 and 2021^
(Dollars in Thousands)
2022 Expenses - $52,341 2021 Expenses - $50,584
Personnel services $19,871 39.3%
Contractual services $2,398 4.7%
Materials and supplies $1,272 2.5%
Depreciation and amortization $6,028 11.9%
Services provided by other
departments $2,517 5.0%
General and administrative
and Other $18,433 36.4%
Interest Expense $2 0.0%
Non-operating expenses $63 0.1%
Personnel services $15,636 29.9%
Contractual services $2,854 5.5%
Materials and supplies $1,362 2.6%
Depreciation and amortization $6,305 12.0%
Services provided by other
departments $3,129 6.0%
General and administrative
and Other $23,017 44.0%
Interest Expense $1 0.0%
Non-operating expenses $37 0.0%
^Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Charges for services $49,200 105.0%
Other $(2,341) -5.0%
Rents and concessions $112 0.2%
Interest and investment loss $(2,932) -6.3%
Net gain from sale of assets $7 0.0%
Federal and State grants $450 1.0%
Other non-operating revenues $22 0.1%
Charges for services $46,979 97.5%
Other $1,231 2.5%
Rents and concessions $111 0.2%
Interest and investment loss $(232) -0.5%
Federal and State grants $1,349 2.8%
Other non-operating revenues $3 0.0%
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022187 Financial Trends
Hetchy Power Fund
Comparative Highlights of Revenues & Expenses
Fiscal Years Ended 2022 and 2021^
(Dollars in Thousands)
*Interest expenses includes net of amortization of premium, discount, refunding loss, and issuance costs. ^Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements. 2021 Revenues - $155,6802022 Revenues - $185,004
2022 Expenses - $162,754 2021 Expenses - $148,295
Personnel services $40,756 27.5%
Contractual services $8,705 5.9%
Purchased power & related costs $42,693 28.8%
Materials and supplies $1,990 1.3%
Depreciation and amortization $15,650 10.5%
Services provided by
other departments $6,137 4.1%
General and administrative
and Other $29,709 20.0%
Interest Expense $1,753 1.2%
Solar incentive program $760 0.5%
Non-operating expenses $142 0.1%
Personnel services $34,646 21.3%
Contractual services $9,604 5.9%
Purchased power & related costs $58,252 35.9%
Materials and supplies $2,270 1.4%
Depreciation and amortization $17,628 10.8%
Services provided by
other departments $6,253 3.8%
General and administrative
and Other $27,694 17.0%
Interest Expense $5,816 3.6%
Solar incentive program $395 0.2%
Non-operating expenses $196 0.1%
Charges for services $173,105 93.5%
Other $11,899 6.5%
Rents and concessions $137 0.1%
Interest and investment loss $(4,001) -2.2%
Net gain from sale of assets $9 0.0%
Federal and State grants $4,924 2.7%
Other non-operating revenues $10,830 5.9%
Charges for services $136,247 87.5%
Other $19,433 12.5%
Rents and concessions $136 0.1%
Interest and investment income/loss $24 0.0%
Federal and State grants $1,483 1.0%
Other non-operating revenues $17,790 11.4%
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022188 Financial Trends
CleanPowerSF
Comparative Highlights of Revenues & Expenses
Fiscal Years Ended 2022 and 2021^
(Dollars in Thousands)
^Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements. 2021 Revenues - $208,6762022 Revenues - $259,366
2022 Expenses - $262,123 2021 Expenses - $212,737
Personnel services $7,641 3.6%
Contractual services $6,678 3.1%
Purchased power & related costs $190,989 89.8%
Materials and supplies $26 0.0%
Depreciation and amortization $345 0.2%
Services provided by
other departments $3,928 1.8%
General and administrative
and Other $3,104 1.5%
Interest Expense $26 0.0%
Personnel services $4,167 1.6%
Contractual services $6,821 2.6%
Purchased power & related costs $239,738 91.5%
Materials and supplies $33 0.0%
Depreciation and amortization $345 0.1%
Services provided by
other departments $3,621 1.4%
General and administrative
and Other $7,393 2.8%
Interest Expense $5 0.0%
Charges for services $257,893 99.5%
Other $1,473 0.5%
Interest and investment loss $(1,286) -0.5%
Federal and State grants $2,424 0.9%
Other non-operating revenues $335 0.1%
Charges for services $207,698 99.5%
Other $978 0.5%
Interest and investment income $51 0.0%
Other non-operating revenues $927 0.5%

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022189 (Continued)
*Include a one-time early repayment of $356,139 from BAWSCA for capital costs recovery. ^Rents and concessions and Interest and investment income (loss) categories were restated due to the implementation of GASB Statement No. 87, Leases.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Department-wide - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenues: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Charges for services $ 1,069,674 733,746 792,199 807,259 895,472 989,842 1,172,573 1,303,411 1,259,466 1,375,765 Rents and concessions 10,736 11,727 13,336 13,096 9,734 13,813 13,989 13,135 14,624 14,719 Other operating revenues 27,541 28,944 24,317 25,672 22,445 29,043 32,296 32,217 27,182 31,962 Subtotal operating revenues 1,107,951 774,417 829,852 846,027 927,651 1,032,698 1,218,858 1,348,763 1,301,272 1,422,446 Interest and investment income (loss) 38 15,083 8,175 6,060 8,511 11,694 46,639 32,103 30 (26,202) Other non-operating revenues 67,989 41,946 63,430 51,972 58,422 55,705 52,483 129,198 72,337 86,326 Subtotal non-operating revenues 68,027 57,029 71,605 58,032 66,933 67,399 99,122 161,301 72,367 60,124 Total revenues $ 1,175,978 831,446 901,457 904,059 994,584 1,100,097 1,317,980 1,510,064 1,373,639 1,482,570 Financial Trends
Department-wide - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
*
^
172 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 12:15 PM $0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Department-wide Revenues
Other non-operating revenues
Interest and investment income (loss)
Other operating revenues
Rents and concessions
Charges for services
172 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 12:16 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022190 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65.

Fiscal year 2021 Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases.
#Include transfer in of $63,075 from the Department of Public Works related to the improvement of the Auxiliary Water Supply System Earthquake Safety and Emergency Response project.
*Capital contributions of $678 in FY 2014 was from Department of Emergency Management and $4,180 in FY2021 was from Department of Public Works.
~The beginning net position for fiscal year 2015 has been restated for the retrospective application of GASB Statement No. 68. **The Wastewater Enterprise recorded certain immaterial corrections to the 2018 financial statement to eliminate the recognition of certain capital assets that are recorded by another fund. The impact of the change was to decrease beginning position as of July 2017 by $6,767 and increase fiscal year 2018 expenses by $28,313.
⌂The beginning net position for fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. ^^ Non-operating expenses include net loss from sale of assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Department-wide - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
($50,000)
$50,000
$150,000
$250,000
$350,000
$450,000
$550,000
$650,000
$750,000
$850,000
$950,000
$1,050,000
$1,150,000
$1,250,000
$1,350,000
$1,450,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Department-wide Expenses, Capital Contributions and Transfers Capital contributions
Transfers in (out)
Non-operating expenses
Interest expenses net of amortized costs
General and administrative an Other operating expenses
Services provided by other departments
Depreciation and amortization
Materials and supplies
Purchased power & related costs
Contractual services
Personnel services
172 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 12:17 PM Expenses: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Personnel services $ 249,927 252,068 220,385 227,930 365,494 271,888 248,189 275,892 291,245 201,290 Contractual services 32,082 30,133 35,216 34,915 31,563 39,408 44,832 50,821 48,299 51,851 Purchased power & related costs 20,891 26,215 20,296 26,792 43,407 64,732 170,275 223,601 233,682 297,990 Materials and supplies 26,557 26,411 24,842 26,128 23,972 28,024 25,130 26,695 25,554 31,228 Depreciation and amortization 137,252 152,742 163,525 173,978 191,997 193,457 200,712 226,194 241,810 249,757 Services provided by other departments 98,533 96,918 104,535 106,476 105,417 102,199 108,043 109,444 121,130 125,955 General and administrative and
Other operating expenses 74,917 101,473 88,559 88,615 98,327 106,960 130,003 136,755 188,105 171,654 Subtotal operating expenses 640,159 685,960 657,358 684,834 860,177 806,668 927,184 1,049,402 1,149,825 1,129,725 Interest expenses 169,105 165,345 161,712 178,864 179,819 192,183 224,867 237,271 221,622 297,041 Amortization of premium, discount,
refunding loss, and issuance costs (5,607) (13,908) (10,554) (11,950) (15,090) (19,188) (23,722) (22,627) (16,498) (18,105) Non-operating expenses 5,986 5,206 7,916 4,439 4,466 4,129 3,766 1,652 3,582 1,938 Subtotal non-operating expenses 169,484 156,643 159,074 171,353 169,195 177,124 204,911 216,296 208,706 280,874 Total expenses 809,643 842,603 816,432 856,187 1,029,372 983,792 1,132,095 1,265,698 1,358,531 1,410,599 Change in net position before capital contributions,
transfers and extraordinary item 366,335 (11,157) 85,025 47,872 (34,788) 116,305 185,885 244,366 15,108 71,971 Capital contributions — 678 * — — — — — — 4,180 * —
Transfers in (out) 64,176 386 52,806 17,899 (30,644) (28,371) 1,360 (805) 17,091 13,677 Extraordinary item:

Rim fire — loss — (6,843) — — — — — — — —
Change in net position 430,511 (16,936) 137,831 65,771 (65,432) 87,934 187,245 243,561 36,379 85,648 Net position at beginning of year
Beginning of year, as previously reported 1,971,500 2,366,565 2,349,629 2,225,451 2,292,646 2,225,790 2,270,925 2,458,170 2,701,731 2,738,110 Cumulative effect of accounting change due to error — — — — — (6,767) — — — — Cumulative effect of accounting change (35,446) — (262,009) — — (36,032) — — — — Less: CleanPowerSF beginning net position — — — — (1,424) — — — — — Beginning of year as restated 1,936,054 2,366,565 2,087,620 2,225,451 2,291,222 2,182,991 2,270,925 2,458,170 2,701,731 2,738,110 Net position at end of year $ 2,366,565 2,349,629 2,225,451 2,291,222 2,225,790 2,270,925 2,458,170 2,701,731 2,738,110 2,823,758 Financial Trends
Department-wide - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
^^
#
^ ⌂
^^
**
~
^
172 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 12:17 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022191 (Continued)
*Include a one-time early repayment of $356,139 from BAWSCA for capital costs recovery. ^Rents and concessions and Interest and investment income (loss) categories were restated due to the implementation of GASB Statement No. 87, Leases.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenues: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Charges for services $ 700,513 354,827 400,023 393,582 438,207 495,138 509,703 550,753 550,306 539,526 Rents and concessions 9,599 10,675 12,284 12,081 8,813 12,906 13,010 12,124 13,735 13,765 Other operating revenues 11,358 14,380 13,740 13,853 13,311 17,595 19,678 20,474 18,395 19,826 Subtotal operating revenues 721,470 379,882 426,047 419,516 460,331 525,639 542,391 583,351 582,436 573,117 Interest and investment income (loss) (281) 10,907 5,789 3,595 4,331 6,448 15,650 10,517 1,374 (10,896) Other non-operating revenues 37,921 29,197 47,314 31,253 37,405 39,064 32,399 94,734 45,874 41,871 Subtotal non-operating revenues 37,640 40,104 53,103 34,848 41,736 45,512 48,049 105,251 47,248 30,975 Total revenues $ 759,110 419,986 479,150 454,364 502,067 571,151 590,440 688,602 629,684 604,092 Financial Trends
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Water - Changes in Net Position
*
^
173 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 12:20 PM $100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Water Revenues
Other non-operating revenues
Interest and investment income (loss)
Other operating revenues
Rents and concessions
Charges for services
173 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 12:21 PM Water Revenues
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022192 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65.

Fiscal year 2021 Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases.
*Fiscal year 2014 of $678 in capital asset from the Department of Emergency Management and fiscal year 2021 $4,180 from Department of Public Works.
#Include transfer in of $63,075 from the Department of Public Works related to the improvement of the AWSS Earthquake Safety and Emergency Response project.
~Fiscal year 2015 has been restated for the retrospective application of GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Expenses: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Personnel services $ 119,151 119,849 99,192 103,027 182,034 128,295 111,594 119,943 132,528 83,385 Contractual services 12,819 10,921 12,729 13,451 10,664 14,131 13,715 14,523 14,029 13,457 Materials and supplies 13,074 12,154 12,667 12,896 12,564 15,936 13,421 14,050 13,175 15,719 Depreciation and amortization 75,448 89,026 95,384 106,666 118,826 118,751 120,815 142,228 145,444 147,904 Services provided by other departments 57,684 54,856 60,365 60,868 59,173 56,860 59,751 61,128 70,235 73,307 General and administrative and
Other operating expenses 25,563 46,749 16,613 17,878 38,566 36,174 37,798 46,245 73,371 68,014 Subtotal operating expenses 303,739 333,555 296,950 314,786 421,827 370,147 357,094 398,117 448,782 401,786 Interest expenses 147,741 136,645 137,106 153,258 148,075 164,001 177,998 191,246 184,678 213,668 Amortization of premium, discount, refunding loss,
and issuance costs (5,002) (6,169) (6,100) (8,849) (9,029) (13,540) (17,788) (13,752) (7,782) (9,875) Non-operating expenses 2,327 2,089 4,829 2,210 2,607 1,920 1,388 529 2,208 828 Subtotal non-operating expenses 145,066 132,565 135,835 146,619 141,653 152,381 161,598 178,023 179,104 204,621 Total expenses 448,805 466,120 432,785 461,405 563,480 522,528 518,692 576,140 627,886 606,407 Change in net position before capital contributions
and transfers 310,305 (46,134) 46,365 (7,041) (61,413) 48,623 71,748 112,462 1,798 (2,315) Capital contributions — 310 — — — — — — 4,180 —
Transfers in (out) 63,484 405 50,995 33,244 (59,988) (30,986) (19,134) (13,585) 4,371 (15,631) Change in net position 373,789 (45,419) 97,360 26,203 (121,401) 17,637 52,614 98,877 10,349 (17,946) Net position at beginning of year
Beginning of year, as previously reported 358,495 699,631 654,212 596,465 622,668 501,267 489,524 542,138 641,015 651,364 Cumulative effect of accounting change (32,653) — (155,107) — — (29,380) — — — — Beginning of year as restated 325,842 699,631 499,105 596,465 622,668 471,887 489,524 542,138 641,015 651,364 Net Position at end of year $ 699,631 654,212 596,465 622,668 501,267 489,524 542,138 641,015 651,364 633,418 Financial Trends
Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
~^
#
⌂
*
^
174 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:06 PM ($65,000)
$10,000
$85,000
$160,000
$235,000
$310,000
$385,000
$460,000
$535,000
$610,000
$685,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Water Expenses, Capital Contributions and Transfers
Personnel services
Contractual services
Materials and supplies
Depreciation and amortization
Services provided by other departments
General and Administrative and Other operating Expenses Interest expenses net of amorized costs
Non-operating expenses
Transfers in (out) Capital contributions
174 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:08 PM Water Expenses, Capital Contributions and Transfer
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022193 (Continued)
Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Wastewater - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenues: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Charges for services $ 235,479 244,705 244,604 249,203 267,601 303,037 317,761 331,721 318,236 356,041 Rents and concessions 892 828 821 753 606 611 702 664 642 705 Other operating revenues 16,183 14,564 10,577 11,819 9,134 11,448 12,618 11,743 8,787 12,136 Subtotal operating revenues 252,554 260,097 256,002 261,775 277,341 315,096 331,081 344,128 327,665 368,882 Interest and investment income (loss) 524 2,400 1,207 1,185 2,327 2,317 20,701 12,137 (1,187) (7,087) Other non-operating revenues 24,886 6,882 6,564 8,263 8,633 5,330 6,164 5,596 4,911 25,454 Subtotal non-operating revenues 25,410 9,282 7,771 9,448 10,960 7,647 26,865 17,733 3,724 18,367 Total revenues $ 277,964 269,379 263,773 271,223 288,301 322,743 357,946 361,861 331,389 387,249 Financial Trends
Wastewater - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
175 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:09 PM $100,000
$130,000
$160,000
$190,000
$220,000
$250,000
$280,000
$310,000
$340,000
$370,000
$400,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Wastewater Revenues
Rents and concessions
Other non-operating revenues
Interest and investment income (loss)
Other operating revenues
Charges for services
175 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:09 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022194 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65.

Fiscal year 2021 Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases.
*The Wastewater Enterprise recorded certain immaterial corrections to the 2018 financial statement to eliminate the recognition of certain capital assets that are recorded by another fund. The impact of the change was to decrease beginning position as of July 2017 by $6,767 and increase fiscal year 2018 expenses by $28,313.
~Fiscal year 2015 has been restated for the retrospective application of GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. ^^Non-operating expense includes net loss/gain from sales of assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Wastewater - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Expenses: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Personnel services $ 84,155 85,114 76,396 79,088 115,288 91,977 80,693 91,013 90,449 63,456 Contractual services 13,418 14,314 13,841 15,069 13,825 16,061 19,040 19,357 16,489 19,115 Materials and supplies 10,481 10,830 9,815 10,192 8,736 9,446 9,853 8,991 9,091 11,844 Depreciation and amortization 46,347 48,402 50,254 50,799 55,441 55,591 60,033 62,967 74,343 77,575 Services provided by other departments 34,141 35,274 36,212 36,157 36,832 36,374 36,629 37,309 38,313 39,645 General and administrative and
Other operating expenses 19,718 22,406 29,967 30,248 14,098 29,457 53,565 42,622 63,488 45,536 Subtotal operating expenses 208,260 216,340 216,485 221,553 244,220 238,906 259,813 262,259 292,173 257,171 Interest expenses 19,723 27,126 22,791 22,251 28,474 24,978 43,803 43,216 34,944 77,743 Amortization of premium, refunding loss,
and issuance costs (612) (7,711) (5,347) (2,979) (5,806) (5,400) (5,697) (8,647) (8,497) (8,422) Non-operating expenses 566 533 280 485 383 414 1,013 52 409 482 Subtotal non-operating expenses 19,677 19,948 17,724 19,757 23,051 19,992 39,119 34,621 26,856 69,803 Total expenses 227,937 236,288 234,209 241,310 267,271 258,898 298,932 296,880 319,029 326,974 Change in net position before transfers 50,027 33,091 29,564 29,913 21,030 63,845 59,014 64,981 12,360 60,275 Transfers in (out) 888 19 (232) (16,025) (30,707) (26,960) (3,996) (1,188) (2,748) (161) Change in net position 50,915 33,110 29,332 13,888 (9,677) 36,885 55,018 63,793 9,612 60,114 Net position at beginning of year
Beginning of year, as previously reported 1,100,353 1,148,757 1,181,867 1,142,052 1,155,940 1,146,263 1,174,125 1,229,143 1,292,936 1,302,548 Cumulative effect of accounting change due to error — — — — — (6,767) — — — — Cumulative effect of accounting change (2,511) — (69,147) — — (2,256) — — — — Beginning of year as restated 1,097,842 1,148,757 1,112,720 1,142,052 1,155,940 1,137,240 1,174,125 1,229,143 1,292,936 1,302,54 8 Net Position at end of year $ 1,148,757 1,181,867 1,142,052 1,155,940 1,146,263 1,174,125 1,229,143 1,292,936 1,302,548 1,362,662 Financial Trends
Wastewater - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
^^
^ ~ ⌂
*
^
176 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:11 PM $0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Wastewater Expenses and Transfers
Transfers in (out)
Non-operating expenses
Interest expenses net of amortized costs
General and administrative and Other operating expenses Services provided by other departments
Depreciation and amortization
Materials and supplies
Contractual services
Personnel services
176 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:12 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022195 (Continued)
Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenues: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Charges for services $ 37,284 35,521 38,731 38,624 35,008 33,427 33,880 34,797 46,979 49,200 Rents and concessions 110 101 104 118 142 133 125 156 111 112 Subtotal operating revenues 37,394 35,622 38,835 38,742 35,150 33,560 34,005 34,953 47,090 49,312 Interest and investment income (loss) (344) 487 (74) (38) 46 218 2,670 1,932 (232) (2,932) Other non-operating revenues 290 69 250 200 616 1,237 3,013 3,861 1,352 479 Subtotal non-operating revenues (54) 556 176 162 662 1,455 5,683 5,793 1,120 (2,453) Total revenues $ 37,340 36,178 39,011 38,904 35,812 35,015 39,688 40,746 48,210 46,859 Financial Trends
Hetchy Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
177 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:12 PM $20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Water Revenues
Other non-operating revenues
Interest and investment income (loss)
177 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:13 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022196 *Include transfer of $166 in capital asset from the Department of Emergency Management. #The beginning net position for fiscal year 2015 has been restated for the retrospective application of GASB Statement No. 68. ⌂The beginning net position for fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. ^Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Expenses: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Personnel services $ 13,057 13,343 11,557 12,183 21,998 14,516 13,707 16,304 19,871 15,636 Contractual services 889 835 794 902 1,017 1,524 1,205 1,642 2,398 2,854 Materials and supplies 1,331 1,352 1,321 1,191 1,161 1,101 1,133 1,337 1,272 1,362 Depreciation and amortization 4,378 4,186 4,102 3,874 4,505 5,066 5,380 5,276 6,028 6,305 Services provided by other departments 1,706 1,211 1,979 2,054 1,962 1,572 1,622 1,853 2,517 3,129 General and administrative and
Other operating expenses 13,540 14,098 18,948 16,332 19,456 16,013 27,258 18,461 18,433 23,017 Subtotal operating expenses 34,901 35,025 38,701 36,536 50,099 39,792 50,305 44,873 50,519 52,303 Interest expenses — — — — — — — — 2 1
Non-operating expenses 68 99 313 68 68 68 — 11 63 37
Total expenses 34,969 35,124 39,014 36,604 50,167 39,860 50,305 44,884 50,584 52,341 Change in net position before capital contributions
transfers and extraordinary item 2,371 1,054 (3) 2,300 (14,355) (4,845) (10,617) (4,138) (2,374) (5,482) Capital contributions — 166 — — — — — — — —
Transfers in (out) — — — — 60,000 30,000 20,000 14,000 16,000 30,001 Extraordinary item:

Rim fire — loss — (2,709) — — — — — — — —
Change in net position 2,371 (1,489) (3) 2,300 45,645 25,155 9,383 9,862 13,626 24,519 Net position at beginning of year
Beginning of year, as previously reported 136,522 138,893 137,404 120,411 122,711 168,356 191,790 201,173 211,035 224,661 Cumulative effect of accounting change — — (16,990) — — (1,721) — — — — Beginning of year as restated 136,522 138,893 120,414 120,411 122,711 166,635 191,790 201,173 211,035 224,661 Net position at end of year $ 138,893 137,404 120,411 122,711 168,356 191,790 201,173 211,035 224,661 249,180 Financial Trends
Hetchy Water - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
⌂#
*
^
178 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:14 PM ($100)
$19,900
$39,900
$59,900
$79,900
$99,900
$119,900
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Water Expenses, Capital Contributions and Transfers Capital contributions
Transfers in (out)
Non-operating expenses
General and administrative and Other operating expenses Services provided by other departments
Depreciation and amortization
Materials and supplies
Contractual services
Personnel services
178 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:14 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022197 (Continued)
Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Power - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenues: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Charges for services $ 96,398 98,693 108, 841 125,850 120,789 118,672 143,409 140,680 136,247 173,105 Rents and concessions 135 123 127 144 173 163 152 191 136 137 Subtotal operating revenues 96,533 98, 816 108,968 125,994 120,962 118,835 143,561 140,871 136,383 173,242 Interest and investment income (loss) 139 1,289 1,253 1,318 1,718 2,537 6,883 5,746 24 (4,001) Other non-operating revenues 4,892 5,798 9, 302 12,256 11,764 10,073 10,907 25,006 19,273 15,763 Subtotal non-operating revenues 5,031 7,087 10,555 13,574 13,482 12,610 17,790 30,752 19,297 11,762 Total revenues $ 101,564 105,903 119,523 139,568 134,444 131,445 161,351 171,623 155,680 185,004 Financial Trends
Hetchy Power - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
179 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:15 PM $75,000
$85,500
$96,000
$106,500
$117,000
$127,500
$138,000
$148,500
$159,000
$169,500
$180,000
$190,500
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Power Revenues
Rents and concessions
Other non-operating revenues
Interest and investment income (loss)
Charges for services
179 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:16 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022198 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65.

Fiscal year 2021 Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases.
#Include transfer of $202 in capital asset from the Department of Emergency Management. *Fiscal year 2015 has been restated for the retrospective application of GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Power - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Expenses: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Personnel services $ 33,564 33,762 33,240 33,632 44,961 34,950 37,583 40,712 40,756 34,646 Contractual services 4,956 4,063 7,852 5,493 4,916 5,526 6,086 7,742 8,705 9,604 Purchased power & related costs 20,891 26,215 20,296 26,792 20,970 34,435 47,437 48,831 42,693 58,252 Materials and supplies 1,671 2,075 1,039 1,849 1,510 1,541 672 2,260 1,990 2,270 Depreciation and amortization 11,079 11,128 13,785 12,639 13,225 14,049 14,484 15,723 15,650 17,628 Services provided by other departments 5,002 5,577 5,979 7,397 6,716 5,848 6,833 6,426 6,137 6,253 General and administrative and
Other operating expenses 16,096 18,220 23,031 24,157 24,637 23,046 9,593 26,433 29,709 27,694 Subtotal operating expenses 93,259 101,040 105,222 111,959 116,935 119,395 122,688 148,127 145,640 156,347 Interest expenses 1,641 1,574 1,815 3,355 3,200 3,103 2,936 2,740 1,972 5,624 Amortization of premium, discount,
and issuance costs 7 (28) 893 ( 122) (255) (248) (237) (228) (219) 192 Non-operating expenses 3,025 2,485 2, 494 1,676 1,408 1,727 1,365 1,060 902 591 Total expenses 97,932 105,071 110,424 116,868 121,288 123,977 126,752 151,699 148,295 162,754 Change in net position before capital contributions
transfers and extraordinary item 3,632 832 9,099 22,700 13,156 7,468 34,599 19,924 7,385 22,250 Capital contributions — 202 — — — — — — — —
Transfers in (out) (196) (38) 2,043 680 51 (425) 4,490 (32) (532) (532) Extraordinary item:

Rim fire — loss — (4,134) — — — — — — — —
Change in net position 3,436 (3,138) 11,142 23,380 13,207 7,043 39,089 19,892 6,853 21,718 Net position at beginning of year
Beginning of year, as previously reported 376,130 379,284 376,146 366,523 389,903 401,686 406,626 445,715 465,607 472,460 Cumulative effect of accounting change (282) — (20,765) — — (2,103) — — — — Less: CleanPowerSF beginning net position — — — — (1,424) — — — — — Beginning of year as restated 375,848 379,284 355,381 366,523 388,479 399,583 406,626 445,715 465,607 472,460 Net position at end of year $ 379,284 376,146 366,523 389,903 401,686 406,626 445,715 465,607 472,460 494,178 Hetchy Power - Changes in Net Position
Financial Trends
(Dollars in Thousands)
Fiscal Years Ended 2013 to 2022
⌂*^
#
^
180 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:16 PM $20,000
$35,000
$50,000
$65,000
$80,000
$95,000
$110,000
$125,000
$140,000
$155,000
$170,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Power Expenses, Capital Contributions and Transfers Capital contributions
Transfers in (out)
Non-operating expenses
Interest expenses net of amortized costs
General and administrative and Other operating expenses Services provided by other departments
Depreciation and amortization
Materials and supplies
Purchased power & related costs
Contractual services
Personnel services
180 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:17 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022199 (Continued)
*CleanPowerSF was presented as part of Hetchy Power in fiscal year 2016. #Increase in charges for services is due to completion of city-wide enrollment.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
CleanPowerSF - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenues: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Charges for services $ — — — — 33,867 39,568 167,820 245,460 207,698 257,893 Rents and concessions — — — — — — — — — —
Subtotal operating revenues — — — — 33,867 39,568 167,820 245,460 207,698 257,893 Interest and investment income (loss) — — — — 89 174 735 1,771 51 (1,286) Other non-operating revenues — — — — 4 1 — 1 927 2,759
Subtotal non-operating revenues — — — — 93 175 735 1,772 978 1,473 Total revenues $ — — — — 33,960 39,743 168,555 247,232 208,676 259,366 CleanPowerSF - Changes in Net Position
Fiscal Years Ended 2017 to 2022
(Dollars in Thousands)
*Data not available ‐ CleanPowerSF
launched in May 2016.
#
181 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:18 PM $25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
CleanPowerSF Revenues
Rents and concessions
Other non-operating revenues
Interest and investment income (loss)
Charges for services
*Data not available -
CleanPowerSF
launched in May 2016.
181 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:18 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022200 *CleanPowerSF was presented as part of Hetchy Power in fiscal year 2016. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. #Increase in purchased power and related costs is due to higher enrollment and electricity sales. ^Contractual services, and Depreciation and amortization categories were restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
CleanPowerSF - Changes in Net Position
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Expenses: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Personnel services $ 1,213 2,150 4,612 7,920 7,641 4,167 Contractual services 1,141 2,166 4,786 7,557 6,678 6,821 Purchased power & related costs 22,437 30,297 122,838 174,770 190,989 239,738 Materials and supplies 1 — 51 57 26 33 Depreciation and amortization — — — — 345 345
Services provided by other departments 734 1,545 3,208 2,728 3,928 3,621 General & administrative and
other operating expenses 1,570 2,270 1,789 2,994 3,104 7,393 Subtotal operating expenses — — — — 27,096 38,428 137,284 196,026 212,711 262,118 Interest expenses — — — — 70 101 130 69 26 5
Total expenses — — — — 27,166 38,529 137,414 196,095 212,737 262,123 Change in net position - - - - 6,794 1,214 31,141 51,137 (4,061) (2,757) Net position at beginning of year - - - - Beginning of year, as previously reported 1,424 8,218 8,860 40,001 91,138 87,077 Cumulative effect of accounting change — (572) — — — — Beginning of year as restated 1,424 7,646 8,860 40,001 91,138 87,077 Net position at end of year $ - - - - 8,218 8,860 40,001 91,138 87,077 84,320 Financial Trend
CleanPowerSF - Changes in Net Position
Fiscal Years Ended 2017 to 2022
(Dollars in Thousands)
*Data not available ‐ CleanPowerSF
launched in May 2016.
⌂
#
^
182 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:19 PM $0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
CleanPowerSF Expenses
Interest expenses net of amortized costs
General & administrative and Other operating expenses
Services provided by other departments
Depreciation and amortization
Materials and supplies
Purchased power & related costs
Contractual services
Personnel services
*Data not available -
CleanPowerSF launched in May
2016.
182 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:20 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022201 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65. *Fiscal year 2015 have been restated for the cumulative effect of accounting change per GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. @Unrestricted restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Department-wide - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net investment in capital assets $ 1,762,526 1,769,815 1,859,439 2,011,814 1,979,445 2,087,816 2,147,756 2,194,130 2,271,638 2,183,518 Restricted for debt service 33,683 25,990 1,704 13,409 12,451 25,079 18,617 17,285 48,677 20,202 Restricted for capital projects 114,299 131, 590 120,496 60,357 39,557 44,690 26,906 49,635 22,319 114,657 Unrestricted 456,057 422,234 243,812 205,642 194,337 113,340 264,891 440,681 395,476 505,381 Total net position $ 2,366,565 2,349,629 2,225,451 2,291,222 2,225,790 2,270,925 2,458,170 2,701,731 2,738,110 2,823,758 Financial Trends
Department-wide - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
@^ * ⌂
183 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:21 PM $0
$570,000
$1,140,000
$1,710,000
$2,280,000
$2,850,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Department-wide Net Position by Component
Net investment in capital assets Restricted for debt service Restricted for capital projects Unrestricted
Total net position
183 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:22 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022202 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65. *Fiscal year 2015 have been restated for the cumulative effect of accounting change per GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. @Unrestricted restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Water - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net investment in capital assets $ 364,863 366,799 425,073 543,327 495,868 504,476 563,457 527,856 517,302 537,644 Restricted for debt service 32,723 25,356 1,053 12,122 10,989 22,933 16,193 15,916 45,586 14,671 Restricted for capital projects 103,616 103,154 95,735 40,743 37,904 32,978 — 43,122 22,319 — Unrestricted 198,429 158,903 74,604 26,476 (43,494) (70,863) (37,512) 54,121 66,157 81,103 Total net position $ 699,631 654,212 596,465 622,668 501,267 489,524 542,138 641,015 651,364 633,418 Financial Trends
Water - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
^* ⌂ @
184 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:23 PM -$80,000
$20,000
$120,000
$220,000
$320,000
$420,000
$520,000
$620,000
$720,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Water Net Position by Component
Net investment in capital assets Restricted for debt service Restricted for capital projects Unrestricted
Total net position
184 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:23 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022203 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65. *Fiscal year 2015 have been restated for the cumulative effect of accounting change per GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. @Unrestricted restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Wastewater - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net investment in capital assets $ 1,074,526 1,066,814 1,088,552 1,098,723 1,095,165 1,172,623 1,133,662 1,183,288 1,253,789 1,092,705 Restricted for debt service 960 634 349 981 977 1,312 1,279 1,227 2,992 5,391 Restricted for capital projects 2,931 22,929 20,327 18,205 1,653 — 18,505 — — 114,657 Unrestricted 70,340 91,490 32,824 38,031 48,468 190 75,697 108,421 45,767 149,909 Total net position $ 1,148,757 1,181,867 1,142,052 1,155,940 1,146,263 1,174,125 1,229,143 1,292,936 1,302,548 1,362,662 Financial Trends
Wastewater - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
^ * ⌂ @
185 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:24 PM $0
$250,000
$500,000
$750,000
$1,000,000
$1,250,000
$1,500,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Wastewater Net Position by Component
Net investment in capital assets Restricted for debt service Restricted for capital projects Unrestricted
Total net position
185 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:25 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022204 *Fiscal year 2015 have been restated for the cumulative effect of accounting change per GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. @Unrestricted restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Water - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net investment in capital assets $ 91,228 95,186 104,330 113,867 127,731 139,799 149,103 160,782 177,481 201,007 Restricted for debt service — — — — — — — — — —
Restricted for capital projects 7,752 5,507 4,434 1,409 — 11,712 8,401 6,513 — — Unrestricted 39,913 36,711 11,647 7,435 40,625 40,279 43,669 43,740 47,180 48,173 Total net position $ 138,893 137,404 120,411 122,711 168,356 191,790 201,173 211,035 224,661 249,180 Financial Trends
Hetchy Water - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
⌂*
@
186 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:25 PM $0
$55,000
$110,000
$165,000
$220,000
$275,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Water Net Position by Component
Net investment in capital assets Restricted for capital projects Unrestricted Restricted for debt service
Total net position
186 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:26 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022205 ^Fiscal year 2013 have been restated for the retrospective application of GASB Statement No. 65. *Fiscal year 2015 have been restated for the cumulative effect of accounting change per GASB Statement No. 68. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. @Unrestricted restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Power - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net investment in capital assets $ 231,909 241,016 241,484 255,897 260,681 270,918 301,534 322,204 323,066 352,162 Restricted for debt service — — 302 306 485 834 1,145 142 99 140 Restricted for capital projects — — — — — — — — — —
Unrestricted 147,375 135,130 124,737 133,700 140,520 134,874 143,036 143,261 149,295 141,876 Total net position $ 379,284 376,146 366,523 389,903 401,686 406,626 445,715 465,607 472,460 494,178 Financial Trends
Hetchy Power - Summary of Net Position by Component
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
^ * ⌂ @
187 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:26 PM $0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Power Net Position by Component
Net investment in capital assets Restricted for capital projects Unrestricted Restricted for debt service
Total net position
187 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:27 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022206 * CleanPowerSF fiscal year 2016 two months of financial data was reported with Hetchy Power. ⌂Fiscal year 2018 has been restated for the retrospective application of GASB Statement No. 75. ^ Increase in fiscal year 2020 is due to completion of citywide enrollment. @Unrestricted restated due to the implementation of GASB Statement No. 87, Leases .

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
CleanPowerSF - Summary of Net Position by Component
Fiscal Years Ended 2017 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020^ 2021 2022
Net investment in capital assets $ — — — — — —
Restricted for debt service — — — — — —
Restricted for capital projects — — — — — —
Unrestricted 8,218 8,860 40,001 91,138 87,077 84,320 Total net position $ 8,218 8,860 40,001 91,138 87,077 84,320 Financial Trend
CleanPowerSF - Summary of Net Position by Component
Fiscal Years Ended 2017 to 2022
(Dollars in Thousands)
*Data not available - CleanPowerSF
launched in May 2016.
⌂ @
188 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:27 PM $0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
2013 2014 2015 2016 2017 2018 2019 2020^ 2021 2022
Dollars in Thousands
CleanPowerSF Net Position by Component
Net investment in capital assets Restricted for capital projects Unrestricted Restricted for debt service
Total net position
*Data not available -
CleanPowerSF launched in
May 2016.
188 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:28 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022207 * Include amortizable and non-amortizable intangible assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Department-wide Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Buildings, equipment and structures $ 6,238,702 6,790,353 7,800,455 8,565,038 8,736,914 9,084,980 10,483,615 10,957,712 11,369,02 5 11,783,944 Less accumulated depreciation (2,266,290) (2,413,969) (2,572,737) (2,742,700) (2,930,531) (3,120,191) (3,316,443) (3,538,382) (3,773,696 ) (4,016,382) Subtotal 3,972,412 4,376,384 5,227,718 5,822,338 5,806,383 5,964,789 7,167,172 7,419, 330 7,595,329 7,767,562 Intangible assets, net of amortization* 41,525 39,122 38,885 36,674 34,904 36,956 34,853 32,528 35,102 34,731 Land and rights-of-way 64,764 67,290 67,213 67,213 67,301 70,947 71, 228 155,089 154,001 163,194 Construction work in progress 1,789,980 2,012,810 1,625, 592 1,436,187 1,841,297 2,161,089 1,387,840 1,592,097 2,079,754 2,485,20 1 Total capital assets, net of
depreciation and amortization $ 5,868,681 6,495,606 6,959,408 7,362,412 7,749,885 8,233,781 8,661,093 9,199, 044 9,864,186 10,450,688 Financial Trends
Department-wide Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
189 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:29 PM -$1,200,000
$300,000
$1,800,000
$3,300,000
$4,800,000
$6,300,000
$7,800,000
$9,300,000
$10,800,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Department-wide Investments in Capital Assets
Intangible assets Land and rights-of-way
Construction work in progress Buildings, equipment and structures Total capital assets, net of depreciation and amortization Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022208 * Include amortizable and non-amortizable intangible assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Water - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Buildings, equipment and structures $ 3,177,874 3,594,412 4,497,411 5,036,587 5,100,680 5,217,106 6,399,688 6,577,333 6,739,364 6,993,164 Less accumulated depreciation (876,972) (962,863) (1,054,987) (1,158,520) (1,274,504) (1,391,274) (1,509,481) (1,648,895) (1,791,178) (1,936,417) Subtotal 2,300,902 2,631,549 3,442,424 3,878,067 3,826,176 3,825,832 4,890,207 4,928,438 4,948,186 5,056,747 Intangible assets, net of amortization* 8,030 6,896 7,244 5,843 4,671 7,321 5,816 4,089 2,763 3,152 Land and rights-of-way 24,307 26,811 26,811 26,811 26,777 30,029 30,029 105,336 104,248 113,441 Construction work in progress 1,525,689 1,662,294 1,176,805 987,780 1,195,840 1,400,051 462,606 492,682 532,602 444,254 Total capital assets, net of
depreciation and amortization $ 3,858,928 4,327,550 4,653,284 4,898,501 5,053,464 5,263,233 5,388,658 5,530,545 5,587,799 5,617,594 (Dollars in Thousands)
Financial Trends
Water - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
190 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:30 PM $0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Water Investments in Capital Assets
Intangible assets Land and rights-of-way
Construction work in progress Buildings, equipment and structures Total capital assets, net of depreciation and amortization Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022209 * Include amortizable and non-amortizable intangible assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Wastewater - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Buildings, equipment and structures $ 2,481,895 2,588,575 2,665,863 2,842,648 2,904,499 3,094,871 3,271,188 3,520,624 3,702,375 3 ,832,594 Less accumulated depreciation (1,038,309) (1,085,418) (1,134,843) (1,185,275) (1,240,172) (1,295,323) (1,354,209) (1,416,292) (1,488,148) (1,562,239) Subtotal 1,443,586 1,503,157 1,531,020 1,657,373 1,664,327 1,799,548 1,916,979 2,104,332 2,214,227 2,270,355 Intangible assets, net of amortization* 4,809 4,023 3,921 3,594 3,457 3,320 3,183 3,046 7,407 7,107 Land and rights-of-way 35,737 35,737 35,737 35,737 35,737 35,737 36,018 44,572 44,572 44,572 Construction work in progress 176,711 262,642 362,110 362,958 548,179 652,521 765,624 910,338 1,340,644 1,724,417 Total capital assets, net of
depreciation and amortization $ 1,660,843 1,805,559 1,932,788 2,059,662 2,251,700 2,491,126 2,721,804 3,062,288 3,606,850 4,046,451 Financial Trends
Wastewater - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
191 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:31 PM $0
$1,100,000
$2,200,000
$3,300,000
$4,400,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Wastewater Investments in Capital Assets
Intangible assets Land and rights-of-way
Construction work in progress Buildings, equipment and structures Total capital assets, net of depreciation and amortization Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022210 * Include amortizable and non-amortizable intangible assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Water - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Buildings, equipment and structures $ 213,936 216,910 221,345 242,936 261,139 276,177 281,562 311,783 323,486 334,499 Less accumulated depreciation (158,796) (162,724) (166,546) (170,199) (174,352) (179,139) (184,312) (189,350) (195,151) (201,236) Subtotal 55,140 54,186 54,799 72,737 86,787 97,038 97,250 122,433 128,335 133,263 Intangible assets, net of amortization* 12,239 12,032 11,825 11,618 11,410 11,203 10,996 10,789 10,581 10,374 Land and rights-of-way 3,028 3,038 3,003 3,003 3,055 3,232 3,232 3,232 3,232 3,232 Construction work in progress 20,821 25, 922 34,703 26,509 26,479 28,326 37,625 24,328 35,333 54,138 Total capital assets, net of
depreciation and amortization $ 91,228 95,178 104,330 113,867 127,731 139,799 149,103 160,782 177,481 201,007 (Dollars in Thousands)
Financial Trends
Hetchy Water - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
192 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:33 PM $0
$70,000
$140,000
$210,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Water Investments in Capital Assets
Intangible assets Land and rights-of-way
Construction work in progress Buildings, equipment and structures Total capital assets, net of depreciation and amortization Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022211 * Include amortizable and non-amortizable intangible assets.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Financial Trends
Hetchy Power - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Buildings, equipment and structures $ 364,997 390,456 415,836 442,867 470,596 496,826 531,177 547,972 603,800 623,687 Less accumulated depreciation (192,213) (202,964) (216,361) (228,706) (241,503) (254,455) (268,441) (283,845) (299,219) (316,490) Subtotal 172,784 187,492 199,475 214,161 229,093 242,371 262,736 264,127 304,581 307,197 Intangible assets, net of amortization* 16,447 16,171 15,895 15,619 15,366 15,112 14,858 14,604 14,351 14,098 Land and rights-of-way 1,692 1,704 1,662 1,662 1,732 1,949 1,949 1,949 1,949 1,949 Construction work in progress 66,759 61,952 51,974 58,940 70,799 80,191 121,985 164,749 171,175 262,392 Total capital assets, net of
depreciation and amortization $ 257,682 267,319 269,006 290,382 316,990 339,623 401,528 445,429 492,056 585,636 (Dollars in Thousands)
Financial Trends
Hetchy Power - Investments in Capital Assets
Summary of Intangible Assets, Property, Plant and Equipment Fiscal Years Ended 2013 to 2022
193 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:34 PM $0
$75,000
$150,000
$225,000
$300,000
$375,000
$450,000
$525,000
$600,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Hetchy Power Investments in Capital Assets
Intangible assets Land and rights-of-way
Construction work in progress Buildings, equipment and structures Total capital assets, net of depreciation and amortization Revenue Capacity
Water Rates History
Wastewater Rates History
Hetchy Power Electric Rates History
CleanPowerSF Electric Rates History
Net Revenue and Debt Service Coverage
Statistical Section
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022213 1Monthly service charge for 5/8” meter. Larger meter sizes charged at different rates. 2Rates approved on May 13, 2014.
3Effective July 1, 2015, the Single-Family Residential Tier 1 changed from 0-3 ccf to 0-4 ccf. 4The percentage increase/(decrease) is based on an average monthly bill of 6 ccf for Single-Family and 4 ccf for Multiple-Family. 5Rates approved on May 8, 2018.

Source: San Francisco Public Utilities Commission Annual Disclosure Reports and Rate Schedules.

Revenue Capacity
Water Rate History
Fiscal Years Ended 2013 to 2022
Rates Per Hundred Cubic Feet
Fiscal
Years
Ended
June 30
Service
Charge
($)¹
Volume
Charge
($/ccf)
(0-3 ccf)
Volume
Charge
($/ccf)
(over 3 ccf)
% Increase/
(Decrease)4
Volume
Charge
($/ccf)
(0-3 ccf)
Volume
Charge ($/ccf)
(over 3 ccf)
% Increase/
(Decrease)4
Volume
Charge
($/ccf)
% Increase/
(Decrease)
Volume
Charge
($/ccf)
% Increase/
(Decrease)
2013 7.90 3.90 5.20 12.5 4.20 5.50 13.0 5.10 12.8 2.93 11.4 2014 8.40 4.20 5.50 6.5 4.50 5.90 6.9 5.40 5.9 2.45 (16.4) Fiscal
Years
Ended
June 30
Service
Charge
($)¹
Volume
Charge
($/ccf)
(0-4 ccf)
Volume
Charge ($/ccf)
(over 4 ccf)
% Increase/
(Decrease)4
Volume
Charge
($/ccf)
(0-3 ccf)
Volume
Charge ($/ccf)
(over 3 ccf)
% Increase/
(Decrease)4
Volume
Charge
($/ccf)
% Increase/
(Decrease)
Volume
Charge
($/ccf)
% Increase/
(Decrease)
2015 8.81 4.86 6.52 10.1 4.98 6.67 9.4 5.79 7.2 2.93 19.6 2016 9.87 5.45 7.31 12.1 5.58 7.48 12.1 6.49 12.1 3.75 28.0 2017 10.86 6.00 8.05 10.1 6.14 8.23 10.0 7.14 10.0 4.10 9.3 2018 11.63 6.42 8.62 7.0 6.57 8.81 7.0 7.64 7.0 4.10 0.0 2019 12.30 7.10 9.10 8.0 7.22 9.26 7.6 8.43 10.3 4.10 0.0 2020 13.28 7.85 9.61 8.5 7.94 9.73 8.4 9.14 8.4 4.10 0.0 2021 14.19 8.68 10.15 8.3 8.73 10.23 8.1 9.81 7.3 4.10 0.0 2022 15.17 9.60 10.71 8.4 9.60 10.76 8.1 10.55 7.5 4.10 0.0 Single-Family Multiple-Family Non-Residential
Retail Wholesale
Single-Family Multiple-Family Non-Residential
Retail Wholesale
Revenue Capacity
Water Rate History
Fiscal Years Ended 2013 to 2022
2, 3
5 5
5 5
194 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:37 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022214 1Effective July 1, 2015, the Single-Family Residential Tier 1 rate structure changed from 0-3 ccf to 0-4 ccf. 2Four years of rates were approved on May 13, 2014.
3The percentage increase/(decrease) is based on an average monthly bill of 5.4 ccf for Single-Family (based on a 90% flow factor) and 3.8 ccf for Multiple-Family (based on a 95% flow factor).
4Effective July 1, 2017, no tiers for wastewater volumetric charges for single-family and multi-family residential wastewater. 5Effective July 1, 2018, all wastewater customers pay a monthly service charge per account. 6Rates approved on May 22, 2018.

Source: San Francisco Public Utilities Commission Annual Disclosure Reports and Rate Schedules.

Revenue Capacity
Wastewater Rate History
Fiscal Years Ended 2013 to 2022
Rates Per Hundred Cubic Feet
Fiscal
Years
Ended
June 30
Volume
Charge
($/ccf)
(0-3 ccf)
Volume Charge
($/ccf)
(over 3 ccf)
% Increase/
(Decrease)3
Volume Charge
($/ccf)
(0-3 ccf)
Volume
Charge
($/ccf)
(over 3 ccf)
% Increase/
(Decrease)3
Volume Charge
($/ccf)
Chemical
Oxygen
Demand Charge
($/lb)
Suspended
Solids
Charge ($/lb)
Oil and
Grease
Charge
($/lb)
2013 7.52 10.03 5.1 7.86 10.49 5.0 6.55 0.22 0.88 1.10
2014 7.90 10.53 5.0 8.25 11.01 5.0 6.62 0.22 0.89 1.11
Fiscal
Years
Ended
June 30
Volume
Charge
($/ccf)
(0-4 ccf)
Volume Charge
($/ccf)
(over 4 ccf)
% Increase/
(Decrease)3
Volume Charge
($/ccf)
(0-3 ccf)
Volume
Charge
($/ccf)
(over 3 ccf)
% Increase/
(Decrease)3
Volume Charge
($/ccf)
Chemical
Oxygen
Demand Charge
($/lb)
Suspended
Solids
Charge ($/lb)
Oil and
Grease
Charge
($/lb)
2015 9.06 11.23 6.1 9.24 11.48 10.0 6.15 0.44 0.83 0.87 2016 9.82 11.34 6.9 9.95 11.51 5.8 6.45 0.46 0.87 0.91
2017 10.84 11.66 9.0 10.91 11.75 7.9 6.90 0.49 0.93 0.97 2018 12.40 12.40 12.2 12.40 12.40 11.8 7.66 0.55 1.03 1.08 Fiscal
Years
Ended
June 30
Service
Charge ($)5
Volume Charge
($/ccf)
% Increase/
(Decrease)3
Volume Charge
($/ccf)
% Increase/
(Decrease)3
Volume
Charge
($/ccf)
Chemical
Oxygen Demand
Charge ($/lb)
Suspended
Solids Charge
($/lb)
Oil and
Grease
Charge ($/lb)
2019 0.98 13.06 4.5 13.06 3.5 7.84 0.52 1.30 1.33
2020 2.19 13.88 6.6 13.88 5.3 8.29 0.56 1.41 1.42
2021 3.60 14.89 9.1 14.89 7.4 8.86 0.60 1.53 1.54
2022 5.21 15.97 8.9 15.97 9.5 9.46 0.65 1.65 1.66
Single-Family
Revenue Capacity
Wastewater Rate History
Fiscal Years Ended 2013 to 2022
Single-Family Multiple-Family Non-Residential
Single-Family Multiple-Family Non-Residential
Multiple-Family Non-Residential
1,2
4 6
6 6
6 195 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:39 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022215 *Residential rates include master-metered multi-family services (EM) and multi-family services (ES). Tiers for Residential Public Power vary between Winter and Summer months.
**TOU stands for time-of-use.
#Prior to fiscal year 2019, the General Fund rate shown was one of six rates being charged to customers. In fiscal year 2019, the six rates were consolidated into one, which was set to a ½ cent per kWh increase from the weighted average of the six prior rates. The decrease in fiscal year 2019 is a function of the change in what this line item represents – rates did not decrease.

The rates shown for each year are average rates per kWh charged in the months including June for residential, commercial, and industrial rates.

Rates are subject to change at any time.

Source: San Francisco Public Utilities Commission Rates Schedules and Fees and PG&E electric rates schedules.

Revenue Capacity
Hetchy Power Electric Rate History
Fiscal Years Ended 2013 to 2022
Rates Per Kilowatt Hour 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Residential*
Residential Services - Multi-family $ 0.18590 0.20052 0.20526 0.21784 0.23073 0.22894 0.23298 0.26429 0.28308 0.33772 Residential - Public Power
Tier 1 0.10931 0.11200 0.11451 0.11705 0.13391 0.14198 0.14610 0.14868 0.15537 0.17781 Tier 2 0.12427 0.12733 0.13018 0.13306 0.15222 0.16139 0.16607 0.16900 0.17661 0.20211 Tier 3 0.25440 0.26065 0.26649 0.27238 0.31160 0.33037 0.33995 0.34595 0.36153 0.41372 Commercial
Small General Service 0.18531 0.19717 0.21152 0.22560 0.23020 0.23786 0.24931 0.26884 0.27749 0.32523 Medium General Demand-Metered Service 0.15876 0.17573 0.18503 0.19667 0.20346 0.21265 0.21889 0.23721 0.24167 0.30162 Medium General Demand-Metered TOU** Service 0.12833 0.13953 0.14761 0.15049 0.15893 0.16176 0.16709 0.18735 0.18959 0.23972 Industrial
Service to Customers with equal to or greater than
Demand of 1,000 Kilowatts or More - Secondary
Voltage

0.13170 0.14434 0.15216 0.15969 0.16868 0.17553 0.18279 0.19804 0.19537 0.23230 Service to Customers with equal to or greater than
Demand of 1,000 Kilowatts or More - Primary Voltage 0.11990 0.13169 0.13908 0.14498 0.15229 0.15874 0.16466 0.17774 0.17627 0.22023 Service to Customers with equal to or greater than
Demand of 1,000 Kilowatts or More - Transmission
Voltage

0.09431 0.10383 0.10608 0.10743 0.11719 0.12501 0.12786 0.14240 0.13414 0.18171 General Fund City Departments
# 0.04250 0.04750 0.05750 0.06750 0.07250 0.07750 0.07377 0.07877 0.08877 0.09877 Streetlights 0.13085 0.13840 0.15045 0.15712 0.15874 0.16451 0.17354 0.18693 0.18754 0.23439 Traffic Signals^ 0.14111 0.14762 0.15866 0.17187 0.18018 0.18432 0.18945 0.20194 0.19768 0.20413 Revenue Capacity
Hetchy Power Electric Rate History
Fiscal Years Ended 2013 to 2022
196 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:40 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022216 The rates shown for each year are the average rates per kWh calculated by the SFPUC and PG&E in its Joint Rate Comparisons prepared in fiscal years 2016 to 2021. Each average rate is calculated using the energy consumption (and if applicable, demand) of a typical customer on that rate schedule in San Francisco and the rates in place during each reported fiscal year. *Rate E-TOUC was a new rate beginning fiscal year 2019, and therefore was not included in the Joint Rate Comparison. The same methodology to calculate average rate was applied.
#Fiscal year 2021, Rates E-TOU-A and EVA are closed as of January 2021. Rate E-20P was not included due to lack of data to provided average rate. **N/A due to new rate classification for fiscal year 2022.

May exclude new rates due to insufficient data for average rate calculation.

Source: San Francisco Public Utilities Commission and PG&E Joint Rate Comparisons. Starting fiscal year 2022, SFPUC CleanPowerSF Management Report.

Revenue Capacity
CleanPowerSF Electric Rate History
Fiscal Years Ended 2016 to 2022
2013 2014 2015 2016^ 2017 2018 2019 2020 2021#
2022
Rates per Kilowatt-hour
Residential
E-1 (Green) $ 0.07267 0.07267 0.06836 0.07163 0.08235 0.06918 N/A E-1 (SuperGreen) 0.09267 0.09267 0.08836 0.08663 0.09235 0.07918 N/A E-6 (Green) 0.06719 0.06693 0.05868 0.06612 0.08197 0.06935 N/A E-6 (SuperGreen) 0.08719 0.08693 0.07868 0.08112 0.09197 0.07935 N/A E-TOUA (Green) N/A 0.06801 0.06283 0.06548 0.07702 N/A N/A E-TOUA (SuperGreen) N/A 0.08801 0.08283 0.08048 0.08702 N/A N/A E-TOUB (Green) N/A 0.06819 0.06285 0.06460 0.07598 0.06223 N/A E-TOUB (SuperGreen) N/A 0.08819 0.08285 0.07960 0.08598 0.07223 N/A E-TOUC* (Green) N/A N/A N/A 0.07010 0.07913 0.06449 N/A E-TOUC* (SuperGreen) N/A N/A N/A 0.08510 0.08913 0.07449 N/A EVA (Green) 0.05837 0.05822 0.05350 0.05358 0.06526 N/A N/A EVA (SuperGreen) 0.07837 0.07822 0.07350 0.06858 0.07526 N/A N/A EVB (Green) N/A 0.04747 0.04263 0.03889 0.04692 0.06154 N/A EVB (SuperGreen) N/A 0.06747 0.06263 0.05389 0.05692 0.07154 N/A Green 0.09112
SuperGreen 0.10112
Non-Residential
Small Commercial Green 0.08833
Small Commercial SuperGreen 0.09333
Medium Commerical Green 0.09415
Medium Commercial SuperGreen 0.09915
Large Commercial Green 0.08003
Large Commercial SuperGreen 0.08503
Industrial Green 0.07752
Industrial SuperGreen 0.08252
Streetlights Green 0.07434
Streetlights SuperGreen 0.07934
Outdoor Lighting Green 0.07999
Outdoor Lighting SuperGreen 0.08499
Agriculture Green 0.06277
Agriculture SuperGreen 0.06777
Commercial
A-1 (Green) 0.07772 0.07740 0.07447 0.07919 0.08011 0.06498 N/A A-1 (SuperGreen) 0.09772 0.09740 0.08847 0.08919 0.08761 0.07248 N/A A-1X (Green) 0.07770 0.07751 0.07509 0.07954 0.08184 0.06600 N/A A-1X (SuperGreen) 0.09770 0.09751 0.08909 0.08954 0.08934 0.07359 N/A A-6 (Green) 0.08883 0.08820 0.08631 0.09491 0.10079 0.09359 N/A A-6 (SuperGreen) 0.10883 0.10820 0.10031 0.10491 0.10829 0.10109 N/A A-10S (Non Time of Use - Green) 0.07940 0.07940 0.07674 0.08355 0.08252 0.06828 N/A A-10S (Non Time of Use - SuperGreen) 0.09940 0.09940 0.09074 0.08855 0.08752 0.07328 N/A A-10SX (Time of Use - Green) 0.07899 0.07813 0.07579 0.08322 0.08185 0.06671 N/A A-10SX (Time of Use - SuperGreen) 0.09899 0.09813 0.08979 0.08822 0.08685 0.07171 N/A E-19S (Green) 0.07925 0.07853 0.07658 0.08336 0.08010 0.06392 N/A E-19S (SuperGreen) 0.09925 0.09853 0.09058 0.08836 0.08510 0.06892 N/A E-19SV (Green) 0.07368 0.07304 0.07104 0.07670 0.07387 0.06150 N/A E-19SV (SuperGreen) 0.09368 0.09304 0.08504 0.08170 0.07887 0.06650 N/A E-20P (Green) 0.07005 0.06895 0.06729 0.07300 0.06958 N/A N/A E-20P (SuperGreen) 0.09005 0.08895 0.08129 0.08300 0.07708 N/A N/A E-20S (Green) 0.07502 0.07395 0.07167 0.07774 0.07434 0.06282 N/A E-20S (SuperGreen) 0.09502 0.09395 0.08567 0.08774 0.08184 0.07032 N/A Revenue Capacity
CleanPowerSF Electric Rate History
Fiscal Years Ended 2016 to 2022
**New rate classification starting fiscal year 2022Data not available - CleanPowerSF
launched in May
2016.
197 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:40 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022217 1Adjustment of investing activities and non-operating revenues to a cash basis. 2As per the Indenture, in addition to current year cash flow, the coverage calculation permits the inclusion of all funds except for Trust and Agency Fund not budgeted to be spent in such months and legally available to pay debt service. 3Revenue debt service is calculated net of capitalized interest and federal interest subsidy the Commission is scheduled to receive during the 12-month period ending June 30 for any series of bonds. 4Net revenues beginning fiscal years 2016 includes appropriated available funds.

Starting in fiscal year 2022, certain types of non operating revenue is included in net revenue. #Starting fiscal year 2021, Treasure Island revenue and expenses are excluded from debt service coverage.

Source: San Francisco Public Utilities Commission Annual Disclosure Reports.

Revenue Capacity
Water - Net Revenue and Debt Service Coverage
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Operating, other and investment revenue $ 721,189 390,789 431,836 423,111 464,662 532,087 558,041 593,868 581,141 565,317 Less operating, other and maintenance expenses (303,739) ( 333,555) (296,950) (314,786) (421,827) (370,147) (357,094) (398,117) (448,690) (401,634) Adjustment to investing activities1 258 (2,438) 732 635 111 (1,245) (4,821) (516) 3,846 13,050 Depreciation and non-cash expenses 78,323 95, 355 98,192 107,268 121,375 119,624 122,248 148,294 150,257 151,114 Changes in working capital 52,193 46,088 (37, 175) (11,062) 63,520 31,060 (11, 073) (20,763) 24,707 (42,906) Appropriated fund balance — — — 23,994 10,747 1,452 4, 318 17,181 27,785 21,977 Net revenue4 548,224 196,239 196,635 229,160 238,588 312,831 311,619 339,947 339,046 306,918 Other available funds2 26,744 287,522 248,390 162,733 155,852 186,752 221,362 241,931 128,692 103,506 Funds available for revenue debt service $ 574, 968 483,761 445,025 391,893 394,440 499, 583 532,981 581,878 467,738 410,424 Revenue debt service3 $ 248,530 141,325 192,312 219,195 207,812 233,959 261,638 269,210 248,427 279,352 Revenue debt service coverage 2.31 3.42 2.31 1.79 1.90 2.14 2.04 2.16 1.88 1.47 Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Revenue Capacity
Water - Net Revenue and Debt Service Coverage
#
198 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:41 PM

2.31 3.42

2.31 1.79 1.90

2.14 2.04 2.16

1.88 1.47

1.0 1.5

2.0 2.5

3.0 3.5

4.0 4.5

5.0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Coverage Ratio
Water Revenue Debt Service Coverage
Fiscal Year
198 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:42 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022218 1Adjustment of investing activities and non-operating revenues to a cash basis. 2As per the Indenture, in addition to current year cash flow, the coverage calculation permits the inclusion of all funds except for Trust and Agency Fund not budgeted to be spent in such 12 months and legally available to pay debt service. 3State revolving fund loan for Sewer System Improvement projects (starting fiscal year 2019) have the same seniority as revenue bonds. 4Starting in fiscal year 2022, certain types of non operating revenue is included in net revenue. ^In January 2013, 2013 Series A refunded the remaining portion of the outstanding state revolving fund loans. *Effective fiscal year 2013, revenue debt service is calculated net of capitalized interest. **In fiscal year 2018 Wastewater financial statements, fiscal year 2017 revenue debt service is presented gross of capitalized interest, $60,407. #Starting fiscal year 2021, Treasure Island revenue and expenses are excluded from debt service coverage.

Source: San Francisco Public Utilities Commission Annual Disclosure Reports.

Revenue Capacity
Wastewater - Net Revenue and Debt Service Coverage
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Operating, other and investment revenue $ 253,078 262,497 257,209 262,960 279,668 317,413 351,782 356,265 325,008 360,756 Less operating, other and maintenance expenses (208,260) ( 216,340) (216,485) (221,553) (244,220) (238,906) (259,813) (262,259) (290,737) (255,010) Adjustment to investing activities1 337 (601) 127 (12) 251 (489) (8,047) 2,950 4,356 8,422 Depreciation and non-cash expenses 52,108 50, 717 51,773 56,285 57,998 60,072 68,568 68,603 78,368 77,806 Changes in working capital (13,795) 12,908 3, 923 2,404 26,292 18,336 (2,125) 523 (8,596) (36,470) State revolving fund loan payments3 (9,421) — — — — — — — — — Net revenue4 74,047 109,181 96,547 100,084 119,989 156,426 150,365 166,082 108,399 155,504 Other available funds2 80,094 109,807 134,413 139,847 131,554 153,596 103,281 215,722 197,778 155,331 Funds available for revenue debt service $ 154, 141 218,988 230,960 239,931 251,543 310, 022 253,646 381,804 306,177 310,835 Revenue debt service* $ 37,921 48,932 48, 878 60,022 48,769 47,003 60, 347 62,797 82,066 86,619 Revenue debt service coverage 4.06 4.48 4.73 4.00 5.16 6.60 4.20 6.08 3.73 3.59 Revenue Capacity
Wastewater - Net Revenue and Debt Service Coverage
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
^
*
#
199 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:41 PM

4.06 4.48 4.73

4.00 5.16

6.60 4.20

6.08 3.73 3.59

0.0 1.0

2.0 3.0

4.0 5.0

6.0 7.0

8.0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Coverage Ratio
Wastewater Revenue Debt Service Coverage
Fiscal Year
199 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:42 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022219 Not Applicable (N/A) debt service for CREBs, QECBs and NCREBs, is subordinate in lien pursuant to Power’s Master Trust Indenture dated May 1, 2015. 1Certain types of non operating revenue is included in net revenue. *Adjustment of investing activities and non-operating revenues to a cash basis. **Series 2015 AB power revenue bonds senior lien debt service is capitalized through fiscal year 2018. So there is no basis for calculating debt service coverage from fiscal years 2015 to 2017.
⌂Starting fiscal year 2019, other available funds are calculated based on percentage of unrestricted net position due to implementation of new financial system, PeopleSoft. Fiscal year 2018 and prior, fund equity was determined by financial activities in the general ledger fund equity account, however it is no longer available in PeopleSoft.
#Starting fiscal year 2021, Treasure Island revenue and expenses are excluded from debt service coverage.

Source: San Francisco Public Utilities Commission Annual Disclosure Reports.

Revenue Capacity
Hetchy Power - Net Revenue and Debt Service Coverage
Fiscal Years Ended 2015 to 2022
(Dollars in Thousands)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Operating, other and investment revenue $ 117,704 122,954 122,187 122,251 152,873 151,835 142,696 176,896 Less operating, other and maintenance expenses (105,222) (110,012) (116,935) (119,395) (122,688) (148,127) (139,566) (142,716) Adjustment to investing activities* (8) 11 29 419 (2,606) 101 1,902 3,297 Depreciation and non-cash expenses 17,654 15,331 14,208 14,131 14,604 27,470 23,037 18,351 Changes in working capital 7,037 (9,214) 11,740 13,281 (2,386) 3,243 (18,641) (2,702) Low Carbon Fuel Standard revenue — — — — — 6,920 1,181 1,184 Net revenue1 37,165 19,070 31,229 30,687 39,798 41,442 10,609 54,310 Other available funds ⌂ 14,031 13,974 32,199 36,525 31,215 39,119 23,569 44,315 Funds available for revenue debt service $ 51,196 33,044 63,428 67,212 71,013 80,561 34,178 98,625 Revenue debt service** $ N/A N/A N/A 2,570 2,569 2,568 2,567 2,565 Revenue debt service coverage N/A N/A N/A 26.15 27.64 31.37 13.31 38.45 No senior lien debt
service coverage prior to
fiscal year 2015
Revenue Capacity
Hetchy Power - Net Revenue and Debt Service Coverage
Fiscal Years Ended 2015 to 2022
(Dollars in Thousands)
#
200 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:43 PM N/A

N/A N/A

26.15 27.64

31.37 13.31

38.45 0.0

5.0 10.0

15.0 20.0

25.0 30.0

35.0 40.0

45.0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Coverage Ratio
Hetchy Power Revenue Debt Service Coverage
Fiscal Year
No senior lien debt
service coverage prior
to fiscal year 2015

200 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:44 PM Statistical Section
Debt Capacity
Debt Ratings
Summary of Debt Outstanding
History of Outstanding Debt by Type
Department-wide – Future Principal and Interest Payments for Debt Issues Water – Future Principal and Interest Payments for Debt Issues Wastewater – Future Principal and Interest Payments for Debt Issues Hetchy Power – Future Principal and Interest Payments for Debt Issues Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022221 *Bonds issued by CCSF and reflects General Fund COP credit rating at issuance. **Hetchy Power revenue bonds are rated AA- by Fitch.
***Power letter of credit is rated F1+ by Fitch.
⌂Power letter of credit is rated F1 by Fitch.

CleanPowerSF did not have any debt outstanding as of June 30, 2022 but had a credit rating of A2 from Moody’s investor service.

Source: Rating agency reports.

Water, Wastewater, Hetchy Power, and CleanPowerSF
Credit Ratings
Fiscal Years Ended 2013 to 2022
Debt Capacity
Debt Ratings
As of June 30, 2022
Debt by Type
Moody's
Investors
Service
Standard
& Poor's
Water
Revenue bonds Aa2 AA-
Commercial paper - $500 million tax-exempt/taxable
$200 million Sumitomo Mitsui Letter of Credit P-1 A-1
$100 million Barclays PLC Letter of Credit P-1 A-1
$100 million Sumitomo Mitsui Letter of Credit P-1 A-1
$100 million US Bank Revolving Credit Agreement N/A N/A Certificates of participation - SFPUC Headquarters Project* Aa1 AA+ Wastewater
Revenue bonds Aa2 AA
Commercial paper - $750 million tax-exempt
$200 million State Street Liquidity Facility P-1 A-1+
$150 million Bank of America Letter of Credit P-1 A-1
$150 million Sumitomo Mitsui Letter of Credit P-1 A-1
$100 million Sumitomo Mitsui Letter of Credit P-1 A-1
$75 million Toronto Dominion Bank Liquidity Facility P-1 A-1+ $75 million US Bank Revolving Credit Agreement N/A N/A
Certificates of participation - SFPUC Headquarters Project* Aa1 AA+ Hetchy Power
Revenue bonds** N/A AA
Commercial paper - $250 million tax-exempt
$125 million Bank of America Letter of Credit*** N/A A-1 $125 million Sumitomo Mitsui Letter of Credit
⌂ N/A A-1
Certificates of participation - SFPUC Headquarters Project* Aa1 AA+ Debt Capacity
Debt Ratings
As of June 30, 2022
Ratings by
201 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 20192/8/2023 1:45 PM 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Moody's Investors Service
Water Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa2 Aa2 Aa2
Wastewater Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa3 Aa2 Aa2 Aa2
CleanPowerSF A2 A2
Standard & Poor's
Water AA- AA- AA- AA- AA- AA- AA- AA- AA- AA-
Wastewater AA- AA- AA- AA AA AA AA AA AA AA
Hetchy Power A+ A+ A+ A+ AA AA AA AA
Fitch Ratings
Hetchy Power AA- AA- AA- AA- AA- AA- AA- AA-
Water, Wastewater, Hetchy Power, and CleanPowerSF
Credit Ratings
Fiscal Years Ended 2013 to 2022
Zero debt prior to
fiscal year 2015
Zero debt prior to
fiscal year 2015
First rating from Moody's assigned on December 9, 2020. 165 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:45 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022222 Amount shown above are inclusive of unamortized bond premium and discount.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Debt Capacity
Water - Summary of Debt Outstanding (Exclude Commercial Paper) As of June 30, 2022
(Dollars in Thousands)
Revenue Bonds and Certificates of Participation
Revenue bonds Amount Use of proceeds
2010 Series B (Build America Bonds) $ 349,170 Water System Improvement Program 2010 Series E (Build America Bonds) 345,233 Water System Improvement Program 2010 Series G (Build America Bonds) 354,405 Water System Improvement Program 2015 Series A 416,606 Refunded remainder of 2006A Bonds and partial refunding of 2009A Bonds 2016 Series A 812,324 Refunded portion of 2009A, 2009B and 2010F Bonds 2016 Series B 75,840 Refunded remainder of 2006B and 2006C Bonds and portion of 2010A 2016 Series C 231,106 Refund all of outstanding taxable commercial paper notes. 2017 Series A 30,074 Water System Improvement Program
2017 Series B 36,691 Non Water System Improvement Program (Non-WSIP) 2017 Series C 17,549 Hetchy Water Improvements
2017 Series D 401,218 Refund 2011A and 2012A Bonds
2017 Series E 55,465 Refund 2011C, 2011D and 2012C1 Bonds 2017 Series F 9,807 Refund 2011B Bonds
2017 Series G 31,960 Refund 2011A Bonds
2019 Series A 591,320 Refunding Federal Taxable WSIP
2019 Series B 16,385 Refunding Federal Taxable Hetch Hetchy 2019 Series B 17,850 Refunding Federal Taxable Local Water Main 2020 Series A 190,672 Water System Improvement Program (Green Bonds) 2020 Series B 74,310 Regional Water
2020 Series C 100,176 Local Water
2020 Series D 52,204 Hetch Hetchy Water
2020 Series E 335,535 Refunding Federal Taxable WSIP
2020 Series F 135,455 Refunding Federal Taxable Non-WSIP 2020 Series G 114,765 Refunding Federal Taxable Local Water 2020 Series H 64,815 Refunding Federal Taxable Hetch Hetchy Water Total revenue bonds 4,860,935
State of California revolving fund loans 121,761
Certificates of participation (COPs)
2009 Series C 3,138 525 Golden Gate Avenue Headquarters Building 2009 Series D (Build America Bonds) 92,499 525 Golden Gate Avenue Headquarters Building Total certificates of participation (COPs) 95,637
Total Water debt outstanding $ 5,078,333
Debt Capacity
Water - Summary of Debt Outstanding (Exclude Commercial Paper) As of June 30, 2022
(Dollars in Thousands)
202 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:46 PM 2010 $1,048,808 20.7%
2015 $416,606 8.2%
2016 $1,119,270 22.0%
2017 $582,764 11.5%
2009C-COP $3,138 0.1%
2009D-COP $92,499 1.8%
SRF Loans $121,761 2.4%
2019 $625,555 12.3%
2020 $1,067,932 21.0%
Water Debt Composition
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022223 Amount shown above are inclusive of unamortized bond premium and discount.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Wastewater Debt Composition
Debt Capacity
Wastewater - Summary of Debt Outstanding (Exclude Commercial Paper) As of June 30, 2022
(Dollars in Thousands)
Revenue Bonds, Notes, Loans and Certificates of Participation Revenue bonds/notes Amount Use of proceeds
2010 Series B (Build America Bonds) $ 192,515 Clean Water Capital Improvement Programs 2013 Series A 15,789 Refunded the remaining portion of the 2003 Series A bonds 2013 Series B 354,304 Sewer System Improvement Program
2016 Series A 271,053 Sewer System Improvement Program
2016 Series B 76,411 Sewer System Improvement Program
2018 Series A 256,016 Sewer System Improvement Program
2018 Series B 213,462 Sewer System Improvement Program
2018 Series C 179,145 Sewer System Improvement Program
2021 Series A 324,013 Sewer System Improvement Program
2021 Series B 48,545 Sewer System Improvement Program
2021 Series A Notes 220,121 Sewer System Improvement Program 2021 Series B Notes 130,235 Sewer System Improvement Program Total revenue bonds/notes 2,281,609
State of California revolving fund loans 302,659 Sewer System Improvement Program Certificates of participation (COPs)
2009 Series C 830 525 Golden Gate Avenue Headquarters Building 2009 Series D (Build America Bonds) 24,458 525 Golden Gate Avenue Headquarters Building Total certificates of participation (COPs) 25,288
Total Wastewater debt outstanding $ 2,609,556
Debt Capacity
Wastewater - Summary of Debt Outstanding (Exclude Commercial Paper) As of June 30, 2022
(Dollars in Thousands)
203 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 1:51 PM 2010 $192,515 7.4%
2013 $370,093 14.2%
2016 $347,464 13.3%
2018 $648,623 24.9%
2021 $372,558 14.3%
2021 Notes $350,356 13.4%
SRF Loans $302,659 11.6%
2009C-COP $830 0.0%
2009D-COP $24,458 0.9%
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022224 Amount shown above are inclusive of unamortized bond premium and discount.

Source: City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements.

Hetchy Power Debt Composition
Debt Capacity
Hetchy Power - Summary of Debt Outstanding (Exclude Commercial Paper) As of June 30, 2022
(Dollars in Thousands)
Bonds and Certificates of Participation
Revenue Bonds Amount Use of proceeds
2015 Series A (Green) $ 35,144 Hetch Hetchy facilities
2015 Series B 3,849 Hetch Hetchy facilities
2021 Series A 90,213 Refinance portion costs of Hetchy Power projects 2021 Series B 60,090 Refinance portion costs of Hetchy Power projects Total revenue bonds 189,296
Other Bonds
Clean Renewable Energy Bonds (CREBs) 415 Solar energy equipment on city facilities Qualified Energy Conservation Bonds (QECBs) 3,138 525 Golden Gate Avenue green energy 2015 New Clean Renewable Energy Bonds (NCREBs) 1,637 City facilities renewable energy Total other bonds 5,190
Certificates of participation (COPs)
2009 Series C 427 525 Golden Gate Avenue Headquarters Building 2009 Series D (Build America Bonds) 12,593 525 Golden Gate Avenue Headquarters Building Total certificates of participation (COPs) 13,020
Total Hetchy Power debt outstanding $ 207,506
Debt Capacity
Hetchy Power - Summary of Debt Outstanding (Exclude Commercial Paper) As of June 30, 2022
(Dollars in Thousands)
204 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:00 PM 2015 A $35,144 16.9%
2015 B $3,849 1.9%
2021 A $90,213 43.4%
2021 B $60,090 29.0%
Clean Renewable Energy Bonds 2008 (CREBs) $415 0.2%
Qualified Energy Conservation bonds 2011 (QECBs) $3,138 1.5% New Clean Renewable Energy Bonds 2015 (NCREBs) $1,637 0.8% 2009C - COP $427 0.2%
2009D - COP $12,593 6.1%

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022225 *No annual payments for Series 1991A Capital Appreciation Bonds. **2022 population was estimated by multiplying 2021 population by the 2020 and 2021 population growth rate. ***Updated from last year’s ACFR with newly available data ^Bonds, Notes, and Certificates of Participation are inclusive of bond premiums and discounts.

Source: San Francisco Public Utilities Commission Water Sewer System and Power Enterprise Billing System, Customer To Meter Billing System, Customer Care and Billing System, Audited Financial Statements, Office of the Controller, City and County of San Francisco and BAWSCA.org.

Debt Capacity
History of Outstanding Debt by Type - Principal Only (Exclude Commercial Paper) Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Department-wide
Capital State
Fiscal Revenue A ppreciation Revolving Certificates
Year Ended Bonds Notes Bonds* Fund Loans of Participation^ Total 2013 $ 5,194,820 $ — $ 4,767 $ — $ 167,219 $ 5,366,806
2014 5,123,609 — 5,107 — 163,934 5,292,650
2015 5,106,187 — 5,471 — 160,615 5,272,273
2016 5,389,447 — 5,860 — 157,207 5,552,514
2017 5,657,792 — 6,278 — 153,673 5,817,743
2018 5,983,428 — 6,725 22,607 150,008 6,162,768
2019 6,513,703 — 2,029 88,032 146,207 6,749,971
2020 6,366,836 — — 161,820 142,265 6,670,921
2021 6,631,009 — — 215,966 138,180 6,985,155
2022 6,986,674 350,356 — 424,420 133,945 7,895,395
Water
State Capital Service Area Number of Debt per
Fiscal Revenue Revolving Appreciation Certificates by Debt per Capita Custome r Customer Account Year Ended Bonds^ Fund Loans Bonds* of Participation^ Total Population (in thousands) Accounts (in thousands) 2013 $ 4,351,610 $ — $ 4,767 $ 119,395 $ 4,475,772 2,550,368 $ 1.75 173,744 $ 25.76 2014 4,322,713 — 5,107 117,049 4,444,869 2,595,166 1.71 173,970 25.55 2015 4,298,827 — 5,471 114,680 4,418,978 2,635,893 1.68 174,111 25.38 2016 4,257,454 — 5,860 112,246 4,375,560 2,657,633 1.65 174,083 25.13 2017 4,554,967 — 6,278 109,722 4,670,967 2,680,705 1.74 174,349 26.79 2018 4,909,041 — 6,725 107,106 5,022,872 2,705,107 1.86 175,054 28.69 2019 4,808,548 — 2,029 104,392 4,914,969 2,710,848 1.81 175,803 27.96 2020 4,695,295 73,271 — 101,578 4,870,144 2,722,925 1.79 176,379 27.61 2021 4,994,775 107,407 — 98,662 5,200,844 2,658,140 1.96 176,246 29.51 2022 4,860,935 121,761 — 95,637 5,078,333 2,637,555 1.93 177,072 28.68 Wastewater
State Service Area Number of Debt per
Fiscal Revenue Revenue Revolving Certificates by Debt per Capita Custome r Customer Account Year Ended Bonds^ Notes Fund Loans of Partici pation^ Total Population (in thousands) Accounts (in thousands) 2013 $ 824,821 $ — $ — $ 31,570 $ 856,391 841,138 $ 1.02 163,445 $ 5.24 2014 783,801 — — 30,950 814,751 852,469 0.96 163,537 4.98 2015 747,185 — — 30,323 777,508 862,004 0.90 163,686 4.75 2016 1,071,883 — — 29,680 1,101,563 876,103 1.26 163,587 6.73 2017 1,044,925 — — 29,013 1,073,938 879,166 1.22 163,738 6.56 2018 1,019,146 — 22,607 28,321 1,073,938 880,696 1.22 163,976 6.55 2019 1,652,609 — 88,032 27,603 1,768,244 881,549 2.01 173,956 10.16 2020 1,621,733 — 88,549 26,859 1,737,141 870,014 2.00 174,516 9.95 2021 1,589,922 — 108,559 26,087 1,724,568 815,201 2.12 174,356 9.89 2022 1,931,253 350,356 302,659 25,288 2,609,556 804,534 3.24 175,171 14.90 Hetchy Power
Number of Debt per
Fiscal Certificates Customer Customer Account
Years Ended Bonds^ of Partici pation^ Total Accounts (in thousands) 2013 $ 18,389 $ 16,254 $ 34,643 2,257 $ 15.35
2014 17,095 15,935 33,030 2,271 14.54
2015 60,175 15,612 75,787 2,305 32.88
2016 60,110 15,281 75,391 2,627 28.70
2017 57,900 14,938 75,391 3,068 24.57
2018 55,241 14,581 72,838 3,547 20.54
2019 52,546 14,212 66,758 3,747 17.82
2020 49,808 13,828 63,636 4,077 15.61
2021 46,312 13,431 59,743 5,385 11.09
2022 194,486 13,020 207,506 5,110 40.61
Debt Capacity
History of Outstanding Debt by Type - Principal Only (Exclude Commercial Paper) Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
**
**
*
*
*
*
205 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:06 PM 226 Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022 May not total due to rounding.
*Principal and interest (net of federal interest subsidy) includes bonds, COPs, and state revolving fund loans and excludes premium and discounts.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Department-wide - Future Principal and Interest and Fee Payments for Debt Issues* (Exclude Commercial Paper)
(Dollars in Thousands)
Total Total Total Total
Payments Principal & Principal & Principal & Principal & Due for Total Total Interest Total Total Interest Total Total Interest Total Total Interest FY Ended Principal Interest Payments Principal Interest Payments Principal Interest Payments Principal Interest Payments 2023 $ 131,692 186,995 318,687 37,652 78,419 116,071 2,397 7,468 9,865 171,741 272,882 444,623 2024 141,904 181,754 323,658 40,961 78,741 119,702 2,035 7,408 9,443 184,900 267,903 452,803 2025 147,464 176,129 323,593 42,914 79,330 122,244 4,062 7,296 11,358 194,440 262,755 457,195 2026 159,088 169,962 329,050 263,121 76,414 339,535 4,231 7,128 11,359 426,440 253,504 679,944 2027 164,979 163,173 328,152 179,295 74,543 253,838 4,399 6,955 11,354 348,673 244,671 593,344 2028 170,663 156,003 326,666 52,293 71,779 124,072 4,284 6,763 11,047 227,240 234,545 461,785 2029 178,221 148,447 326,668 54,504 69,558 124,062 4,184 6,566 10,750 236,909 224,571 461,480 2030 186,990 140,463 327,453 56,824 67,224 124,048 4,380 6,363 10,743 248,194 214,050 462,244 2031 193,781 132,595 326,376 59,263 64,773 124,036 4,592 6,156 10,748 257,636 203,524 461,160 2032 202,850 124,944 327,794 61,822 62,200 124,022 4,794 5,941 10,735 269,466 193,085 462,551 2033 205,791 116,636 322,427 64,504 59,500 124,004 4,929 5,721 10,650 275,224 181,857 457,081 2034 215,933 107,597 323,530 67,246 56,752 123,998 5,063 5,507 10,570 288,242 169,856 458,098 2035 223,957 98,137 322,094 70,027 53,953 123,980 5,287 5,281 10,568 299,271 157,371 456,642 2036 239,674 88,618 328,292 72,937 51,034 123,971 5,526 5,049 10,575 318,137 144,701 462,838 2037 252,241 78,967 331,208 75,983 47,972 123,955 5,778 4,805 10,583 334,002 131,744 465,746 2038 232,135 69,780 301,915 79,088 44,848 123,936 6,031 4,550 10,581 317,254 119,178 436,432 2039 240,756 61,273 302,029 82,259 41,655 123,913 6,300 4,283 10,583 329,315 107,211 436,526 2040 249,228 52,568 301,796 85,498 38,400 123,897 6,575 4,005 10,580 341,301 94,973 436,274 2041 206,900 44,534 251,434 88,808 35,070 123,878 6,866 3,713 10,579 302,574 83,317 385,891 2042 161,479 38,252 199,731 92,260 31,605 123,864 7,166 3,411 10,577 260,905 73,268 334,172 2043 113,564 33,545 147,109 93,975 28,029 122,004 6,500 3,115 9,615 214,039 64,688 278,727 2044 117,692 29,404 147,096 86,290 24,457 110,747 6,790 2,827 9,617 210,772 56,688 267,460 2045 81,090 25,696 106,786 89,853 20,891 110,745 7,090 2,527 9,617 178,033 49,114 227,147 2046 84,843 22,411 107,254 93,529 17,222 110,752 7,405 2,212 9,617 185,777 41,845 227,622 2047 88,763 18,978 107,741 97,356 13,388 110,745 7,720 1,898 9,618 193,839 34,264 228,103 2048 92,877 15,373 108,250 80,217 9,956 90,173 8,035 1,583 9,618 181,129 26,912 208,041 2049 99,252 11,385 110,637 81,204 6,946 88,150 8,360 1,255 9,615 188,816 19,586 208,402 2050 104,183 7,015 111,198 46,053 4,618 50,671 8,705 914 9,619 158,941 12,547 171,488 2051 109,364 2,426 111,790 46,000 2,962 48,962 9,060 558 9,618 164,424 5,946 170,370 2052 4,680 47 4,727 47,427 1,270 48,697 9,430 189 9,619 61,537 1,506 63,043 2053 — — — 8,457 353 8,810 — — — 8,457 353 8,810
2054 — — — 7,555 241 7,796 — — — 7,555 241 7,796
2055 — — — 5,110 144 5,254 — — — 5,110 144 5,254
2056 — — — 5,182 73 5,255 — — — 5,182 73 5,255
Total $ 4,802,034 2,503,103 7,305,137 2,415,468 1,314,320 3,729,788 177,974 131,448 309,422 7,395,476 3,948,871 11,344,347 Debt Capacity
Department-wide - Future Principal and Interest and Fee Payments for Debt Issues* (Exclude Commercial Paper)
(Dollars in Thousands)
Water Wastewater Power SFPUC Total
206 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:08 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022227 (Continued)
May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Payments State COPs COPs
Due for Revolving Series Series
FY Ended Fund Loans 2009C 2009D 2010B 2010E 2010G 2015A 2016A 2016B 2016C 2023 $ 3,283 3,124 — 12,780 12,745 — 16,045 32,790 12,530 5,955 2024 3,542 — 3,267 13,245 13,165 — 28,070 23,590 13,175 6,105 2025 3,577 — 3,402 13,725 13,610 — 29,485 24,800 13,720 6,275 2026 3,613 — 3,545 14,225 14,080 — 30,990 26,050 7,715 6,455 2027 3,649 — 3,695 14,765 14,585 — 20,945 38,150 8,015 6,645 2028 3,686 — 3,852 15,355 15,125 — 20,530 46,305 3,815 6,850 2029 3,723 — 4,013 15,965 15,715 — 21,580 48,655 3,990 7,075 2030 3,760 — 4,180 16,600 16,340 — 22,685 51,135 4,180 7,310 2031 3,797 — 4,359 17,260 16,990 — 23,810 53,460 4,370 7,565 2032 3,835 — 4,545 17,945 17,665 11,060 25,000 34,135 — 7,835 2033 3,874 — 4,737 18,660 18,365 11,575 26,280 35,875 — 8,120 2034 3,912 — 4,941 19,405 19,095 12,110 27,490 37,710 — 8,435 2035 3,952 — 5,155 20,175 19,855 12,665 28,610 39,670 — 8,760 2036 3,991 — 5,373 20,980 20,645 13,255 29,765 41,745 — 9,110 2037 4,031 — 5,605 21,810 21,470 13,865 31,135 43,670 — 9,475 2038 4,071 — 5,844 22,680 22,320 14,505 — 45,455 — 9,860 2039 4,112 — 6,094 23,580 23,210 15,175 — 47,305 — 10,265 2040 4,153 — 6,355 24,520 24,130 15,880 — 49,235 — 10,685 2041 4,195 — 6,625 25,495 25,090 16,610 — — — 11,125
2042 4,237 — 6,912 — — 17,380 — — — 11,585
2043 4,279 — — — — 18,180 — — — 12,070
2044 4,322 — — — — 19,025 — — — 12,590
2045 4,365 — — — — 19,900 — — — 13,125
2046 4,408 — — — — 20,820 — — — 13,685
2047 4,453 — — — — 21,785 — — — 14,270
2048 4,497 — — — — 22,790 — — — —
2049 4,542 — — — — 23,845 — — — —
2050 4,588 — — — — 24,945 — — — —
2051 4,634 — — — — 26,100 — — — —
2052 4,680 — — — — — — — — —
2053 — — — — — — — — — —
2054 — — — — — — — — — —
2055 — — — — — — — — — —
2056 — — — — — — — — — —
Total $ 121,761 3,124 92,499 349,170 344,200 351,470 382,420 719,735 71,510 231,230 (Continued)
Principal Payments
Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:12 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022228 (Continued)
May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Payments
Due for
FY Ended 2017A 2017B 2017C 2017D 2017E 2017F 2017G 2019A 2019B 2019C 2023 $ 2,325 2,835 1,355 1,455 765 700 13,070 3,495 70 75 2024 2,445 2,985 1,425 1,270 795 735 13,665 3,565 70 80 2025 2,570 3,135 1,500 10,230 835 770 5,225 3,640 75 80 2026 2,705 3,295 1,575 20,515 7,425 875 — 3,720 75 80
2027 2,840 3,465 1,660 21,540 7,830 920 — 3,805 80 85
2028 2,990 3,645 1,745 22,615 6,630 965 — 3,900 80 90
2029 3,140 3,830 1,830 23,740 7,080 1,020 — 4,000 85 90 2030 3,300 4,025 1,925 24,935 8,555 855 — 4,105 85 95
2031 — — — 26,140 7,960 905 — 4,215 90 95
2032 — — — 14,980 1,015 960 — 31,095 90 100
2033 — — — 46,855 — — — 4,055 1,340 1,465
2034 — — — 59,875 — — — 4,180 1,385 1,510
2035 — — — 61,540 — — — 4,310 1,425 1,550
2036 — — — 11,105 — — — 63,930 1,470 1,600
2037 4,685 5,715 2,735 — — — — 80,670 1,525 1,660
2038 — — — — — — — 86,145 1,575 1,720
2039 — — — — — — — 38,500 1,630 1,775
2040 — — — — — — — 39,650 1,690 1,835
2041 — — — — — — — 40,970 1,745 1,900
2042 — — — — — — — 42,370 1,800 1,965
2043 — — — — — — — 59,450 — —
2044 — — — — — — — 61,550 — —
2045 — — — — — — — — — —
2046 — — — — — — — — — —
2047 — — — — — — — — — —
2048 — — — — — — — — — —
2049 — — — — — — — — — —
2050 — — — — — — — — — —
2051 — — — — — — — — — —
2052 — — — — — — — — — —
2053 — — — — — — — — — —
2054 — — — — — — — — — —
2055 — — — — — — — — — —
2056 — — — — — — — — — —
Total $ 27,000 32,930 15,750 346,795 48,890 8,705 31,960 591,320 16,385 17,850 (Continued)
Principal Payments
Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:13 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022229 (Continued)
May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Payments Total
Due for Principal
FY Ended 2020 A 2020B 2020C 2020D 2020E 2020F 2020G 2020H Pa yments 2023 $ — — — — 500 — 5,795 — 131,692
2024 — — — — 1,530 1,430 7,065 685 141,904
2025 — — — — 1,575 1,440 7,105 690 147,464
2026 — — — — 1,620 1,450 8,385 695 159,088
2027 — — — — 1,665 1,465 8,475 700 164,979
2028 — — — — 1,715 1,485 8,575 710 170,663
2029 — — — — 1,765 1,505 8,700 720 178,221
2030 — — — — 1,815 1,530 8,840 735 186,990
2031 — — — — 5,300 5,720 9,005 2,740 193,781
2032 — — — — 5,450 5,830 18,520 2,790 202,850
2033 — — — — 5,605 5,955 10,180 2,850 205,791
2034 — — — — 5,770 6,090 1,110 2,915 215,933
2035 — — — — 5,930 6,235 1,140 2,985 223,957
2036 — — — — 6,100 6,385 1,165 3,055 239,674
2037 — — — — 1,645 910 1,200 435 252,241
2038 — — — — 6,560 6,875 1,235 3,290 232,135
2039 — — — — 57,375 7,075 1,275 3,385 240,756
2040 — — — — 59,020 7,280 1,315 3,480 249,228
2041 — — — — 60,715 7,490 1,355 3,585 206,900
2042 — — — — 62,450 7,700 1,395 3,685 161,479
2043 — — — — 6,405 7,940 1,440 3,800 113,564
2044 — — — — 6,600 8,195 1,490 3,920 117,692
2045 10,730 4,300 5,950 3,425 6,795 8,455 — 4,045 81,090 2046 11,445 4,590 6,340 3,660 7,000 8,725 — 4,170 84,843 2047 12,195 4,895 6,760 3,895 7,205 9,000 — 4,305 88,763 2048 19,525 7,840 10,825 6,240 7,425 9,290 — 4,445 92,877 2049 30,970 12,520 17,360 10,015 — — — — 99,252
2050 32,160 13,240 18,550 10,700 — — — — 104,183
2051 33,870 13,945 19,550 11,265 — — — — 109,364
2052 — — — — — — — — 4,680
2053 — — — — — — — — —
2054 — — — — — — — — —
2055 — — — — — — — — —
2056 — — — — — — — — —
Total $ 150,895 61,330 $ 85,335 49,200 335,535 135,455 114,765 64,815 4,802,034 (Continued)
Principal Payments
Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:16 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022230 (Continued)
May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
COPs
Payments State COPs 2009D 2010B 2010E 2010G
Due for Revolving Series Before Before Before Before
FY Ended Fund Loans 2009C Subsidy Subsidy Subsidy Subsidy 2015A 2016A 2016B 2016C 2023 $ 1,142 78 5,968 20,329 19,748 24,427 17,708 32,776 2,723 8,614 2024 1,185 — 5,864 19,613 19,104 24,427 16,643 31,366 2,099 8,463 2025 1,149 — 5,652 18,871 18,417 24,427 15,223 30,157 1,569 8,298 2026 1,114 — 5,431 18,102 17,691 24,427 13,721 28,885 1,209 8,118 2027 1,077 — 5,201 17,269 16,917 24,427 12,421 27,280 894 7,925 2028 1,041 — 4,960 16,365 16,084 24,427 11,385 25,169 639 7,719 2029 1,004 — 4,710 15,426 15,182 24,427 10,332 22,795 464 7,498 2030 967 — 4,450 14,448 14,219 24,428 9,225 20,300 279 7,260 2031 929 — 4,176 13,433 13,219 24,428 8,097 17,952 87 7,007 2032 892 — 3,887 12,376 12,180 24,043 6,915 16,030 — 6,738 2033 853 — 3,585 11,278 11,099 23,256 5,632 14,280 — 6,448 2034 814 — 3,272 10,136 9,976 22,433 4,425 12,440 — 6,138 2035 775 — 2,944 8,950 8,809 21,572 3,303 10,506 — 5,809 2036 736 — 2,603 7,714 7,593 20,672 2,145 8,470 — 5,463 2037 696 — 2,247 6,430 6,329 19,729 778 6,554 — 5,098
2038 655 — 1,875 5,096 5,015 18,743 — 4,771 — 4,712
2039 615 — 1,488 3,708 3,650 17,712 — 2,916 — 4,306
2040 574 — 1,084 2,265 2,229 16,633 — 985 — 3,883
2041 532 — 664 765 753 15,504 — — — 3,443
2042 490 — 224 — — 14,323 — — — 2,985
2043 448 — — — — 13,087 — — — 2,499
2044 405 — — — — 11,794 — — — 1,983
2045 362 — — — — 10,441 — — — 1,445
2046 318 — — — — 9,026 — — — 884
2047 273 — — — — 7,546 — — — 299
2048 229 — — — — 5,997 — — — —
2049 184 — — — — 4,376 — — — —
2050 139 — — — — 2,681 — — — —
2051 93 — — — — 907 — — — —
2052 47 — — — — — — — — —
2053 — — — — — — — — — —
2054 — — — — — — — — — —
2055 — — — — — — — — — —
2056 — — — — — — — — — —
Total $ 19,738 78 70,285 222,574 218,214 500,320 137,953 313,632 9,963 133,033 (Continued)
Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Interest Payments
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:18 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022231 (Continued)
May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Payments
Due for
FY Ended 2017 A 2017B 2017C 2017D 2017E 2017F 2017G 2019A 2019B 2019C 2023 $ 1,292 1,576 754 17,199 2,376 418 706 19,328 558 608 2024 1,173 1,430 684 17,131 2,337 382 343 19,258 556 605 2025 1,047 1,277 611 16,843 2,296 344 76 19,185 553 603 2026 915 1,116 534 16,074 2,090 303 — 19,105 551 600
2027 777 947 453 15,023 1,709 258 — 19,018 549 598
2028 631 770 368 13,919 1,347 211 — 18,924 546 595
2029 478 583 279 12,760 1,004 162 — 18,825 543 592
2030 317 386 185 11,543 613 115 — 18,722 541 589
2031 234 285 136 10,307 220 71 — 18,611 538 586
2032 234 286 137 9,331 20 24 — 18,119 535 583
2033 234 286 137 7,797 — — — 17,623 513 558
2034 234 286 137 5,129 — — — 17,499 470 511
2035 234 286 137 2,094 — — — 17,367 425 463
2036 234 286 137 278 — — — 16,244 377 411
2037 118 142 67 — — — — 13,856 324 353
2038 — — — — — — — 11,101 270 294
2039 — — — — — — — 9,042 213 232
2040 — — — — — — — 7,752 155 168
2041 — — — — — — — 6,385 94 103
2042 — — — — — — — 4,938 32 35
2043 — — — — — — — 3,170 — —
2044 — — — — — — — 1,069 — —
2045 — — — — — — — — — —
2046 — — — — — — — — — —
2047 — — — — — — — — — —
2048 — — — — — — — — — —
2049 — — — — — — — — — —
2050 — — — — — — — — — —
2051 — — — — — — — — — —
2052 — — — — — — — — — —
2053 — — — — — — — — — —
2054 — — — — — — — — — —
2055 — — — — — — — — — —
2056 — — — — — — — — — —
Total $ 8,152 9,942 4,756 155,429 14,011 2,288 1,125 315,141 8,343 9,088 (Continued)
Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Interest Payments
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:19 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022232 Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Total Total
Payments Federal Interest Principal &
Due for Interest Pa yments Interest
FY Ended 2020A 2020B 2020C 2020D 2020E 2020F 2020G 2020H Subsidy Net of Subsidy Payments 2023 $ 7,294 3,067 3,413 1,476 9,522 3, 598 1,837 1,721 (23,260) 186,995 318,687 2024 7,295 3,067 3,413 1,476 9,493 3, 594 1,809 1,720 (22,776) 181,754 323,658 2025 7,295 3,067 3,413 1,477 9,449 3, 586 1,765 1,715 (22,235) 176,129 323,593 2026 7,295 3,067 3,413 1,476 9,404 3, 575 1,704 1,710 (21,668) 169,962 329,050 2027 7,295 3,067 3,414 1,476 9,357 3, 559 1,621 1,703 (21,061) 163,173 328,152 2028 7,295 3,067 3,414 1,476 9,310 3, 541 1,515 1,694 (20,409) 156,003 326,666 2029 7,295 3,067 3,414 1,476 9,261 3, 519 1,387 1,684 (19,719) 148,447 326,668 2030 7,295 3,067 3,414 1,476 9,210 3, 494 1,241 1,672 (18,993) 140,463 327,453 2031 7,295 3,067 3,414 1,476 9,109 3, 429 1,084 1,641 (18,237) 132,595 326,376 2032 7,294 3,066 3,413 1,476 8,958 3, 320 820 1,589 (17,324) 124,944 327,794 2033 7,294 3,066 3,413 1,476 8,801 3, 197 524 1,530 (16,245) 116,636 322,427 2034 7,295 3,066 3,413 1,476 8,641 3, 062 400 1,465 (15,122) 107,597 323,530 2035 7,295 3,067 3,413 1,476 8,476 2, 918 374 1,396 (13,953) 98,137 322,094 2036 7,295 3,067 3,413 1,476 8,306 2, 764 346 1,322 (12,734) 88,618 328,292 2037 7,295 3,067 3,413 1,476 8,196 2, 672 313 1,278 (11,464) 78,967 331,208 2038 7,295 3,066 3,413 1,476 8,080 2, 561 275 1,225 (10,143) 69,780 301,915 2039 7,295 3,066 3,413 1,476 7,177 2, 363 236 1,130 (8,765) 61,273 302,029 2040 7,295 3,066 3,413 1,476 5,533 2, 159 196 1,033 (7,331) 52,568 301,796 2041 7,295 3,066 3,413 1,476 3,842 1,949 155 932 (5,837) 44,534 251,434 2042 7,295 3,066 3,413 1,476 2,102 1,733 112 829 (4,801) 38,252 199,731 2043 7,295 3,067 3,413 1,476 1,126 1,498 68 717 (4,319) 33,545 147,109 2044 7,295 3,067 3,413 1,476 934 1,244 23 595 (3,893) 29,404 147,096 2045 7,026 2,959 3,294 1,425 737 983 — 470 (3,446) 25,696 106,786 2046 6,471 2,737 3,049 1,318 534 712 — 341 (2,979) 22,411 107,254 2047 5,893 2,500 2,787 1,205 325 434 — 207 (2,491) 18,978 107,741 2048 5,131 2,181 2,435 1,053 109 146 — 70 (1,979) 15,373 108,250 2049 3,917 1,672 1,871 809 — — — — (1,444) 11,385 110,637 2050 2,400 1,028 1,153 498 — — — — (885) 7,015 111,198
2051 814 349 391 169 — — — — (299) 2,426 111,790
2052 — — — — — — — — — 47 4,727
2053 — — — — — — — — — — —
2054 — — — — — — — — — — —
2055 — — — — — — — — — — —
2056 — — — — — — — — — — —
Total $ 192,139 80,889 90,071 38,950 165,992 65,610 17,805 31,389 (333,811) 2,503,103 7,305,137 Debt Capacity
Water - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Interest Payments
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:22 PM May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022233 May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Wastewater - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Payments State COPs COPs
Due for Revolving Series Series
FY Ended Fund Loa ns 2009C 2009D 2010B 2013 A 2013B 2016 A 2016B 2023 $ 2,481 826 — 7,280 13,090 — — —
2024 3,192 — 864 7,505 575 8,835 5,475 1,545
2025 5,079 — 900 7,745 610 9,280 5,760 1,625
2026 5,154 — 937 8,000 1,260 9,130 6,055 1,705
2027 8,693 — 977 8,270 — 10,915 6,365 1,795
2028 8,820 — 1,018 8,560 — 11,475 6,690 1,885
2029 8,948 — 1,061 8,860 — 12,065 7,035 1,980
2030 9,078 — 1,106 9,180 — 12,680 7,395 2,085
2031 9,211 — 1,152 9,520 — 13,330 7,775 2,190
2032 9,345 — 1,202 9,875 — 14,015 8,170 2,305
2033 9,481 — 1,253 10,250 — 14,735 8,590 2,420
2034 9,619 — 1,307 10,640 — 15,415 9,030 2,545
2035 9,759 — 1,363 11,045 — 16,045 9,495 2,675
2036 9,902 — 1,420 11,470 — 16,695 9,980 2,815
2037 10,046 — 1,482 11,910 — 17,375 10,495 2,960
2038 10,193 — 1,545 12,365 — 18,090 10,975 3,095
2039 10,342 — 1,612 12,845 — 18,820 11,425 3,220
2040 10,493 — 1,680 13,340 — 19,590 11,890 3,350
2041 10,646 — 1,752 13,855 — 20,390 12,375 3,490
2042 10,802 — 1,828 — — 35,625 12,880 3,630
2043 10,960 — — — — 37,080 13,405 3,780
2044 11,120 — — — — — 13,955 3,935
2045 11,283 — — — — — 14,520 4,095
2046 11,449 — — — — — 15,115 4,260
2047 11,616 — — — — — 15,730 4,435
2048 11,787 — — — — — — —
2049 9,934 — — — — — — —
2050 10,073 — — — — — — —
2051 8,500 — — — — — — —
2052 8,347 — — — — — — —
2053 8,457 — — — — — — —
2054 7,555 — — — — — — —
2055 5,110 — — — — — — —
2056 5,182 — — — — — — —
Total $ 302,659 826 24,458 192,515 15,535 331,585 240,580 67,820 (Continued)
Principal Payments
Debt Capacity
Wastewater - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:23 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022234 May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Wastewater - Future Principal and Interest and Fee Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Payments Total
Due for 2021A 2021B Principal
FY Ended 2018A 2018B 2018C 2021 A 2021B Notes Notes Payments 2023 $ 7,715 6,260 — — — — — 37,652
2024 7,160 5,810 — — — — — 40,961
2025 6,580 5,335 — — — — — 42,914
2026 6,915 5,610 — — — 218,355 — 263,121
2027 7,270 5,900 — — — — 129,110 179,295
2028 7,645 6,200 — — — — — 52,293
2029 8,035 6,520 — — — — — 54,504
2030 8,445 6,855 — — — — — 56,824
2031 8,880 7,205 — — — — — 59,263
2032 9,335 7,575 — — — — — 61,822
2033 9,815 7,960 — — — — — 64,504
2034 10,315 8,375 — — — — — 67,246
2035 10,845 8,800 — — — — — 70,027
2036 11,400 9,255 — — — — — 72,937
2037 11,985 9,730 — — — — — 75,983
2038 12,600 10,225 — — — — — 79,088
2039 13,245 10,750 — — — — — 82,259
2040 13,880 11,275 — — — — — 85,498
2041 14,510 11,790 — — — — — 88,808
2042 15,170 12,325 — — — — — 92,260
2043 15,860 12,890 — — — — — 93,975
2044 11,445 9,305 9,285 23,905 3,340 — — 86,290
2045 — — 31,310 25,130 3,515 — — 89,853
2046 — — 32,590 26,420 3,695 — — 93,529
2047 — — 33,915 27,775 3,885 — — 97,356
2048 — — 35,300 29,050 4,080 — — 80,217
2049 — — 36,745 30,235 4,290 — — 81,204
2050 — — — 31,470 4,510 — — 46,053
2051 — — — 32,755 4,745 — — 46,000
2052 — — — 34,095 4,985 — — 47,427
2053 — — — — — — — 8,457
2054 — — — — — — — 7,555
2055 — — — — — — — 5,110
2056 — — — — — — — 5,182
Total $ 229,050 185,950 179,145 260,835 37,045 218,355 129,110 2,415,468 (Continued)
Principal Payments
Debt Capacity
Wastewater - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:24 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022235 May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Wastewater - Future Principal and Interest and Fee Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
COPs
Payments State COPs 2009D 2010B
Due for Revolving Series Before Before
FY Ended Fund Loans 2009C Subsidy Subsidy 2013A 2013B 2016A 2016B 2018A 2023 $ 1,524 21 1,578 10,516 405 14,428 10,646 3,001 10,551 2024 1,824 — 1,551 10,169 89 14,207 10,509 2,962 10,179 2025 2,481 — 1,494 9,801 63 13,754 10,228 2,883 9,836
2026 2,406 — 1,436 9,409 25 13,294 9,963 2,809 9,498
2027 4,121 — 1,375 8,992 — 12,793 9,683 2,729 9,144
2028 3,995 — 1,312 8,550 — 12,233 9,356 2,637 8,771
2029 3,867 — 1,245 8,084 — 11,645 9,013 2,541 8,379
2030 3,736 — 1,177 7,592 — 11,026 8,652 2,439 7,967
2031 3,604 — 1,104 7,073 — 10,376 8,273 2,333 7,534
2032 3,470 — 1,027 6,523 — 9,692 7,875 2,220 7,078
2033 3,334 — 948 5,945 — 8,973 7,455 2,101 6,599
2034 3,196 — 865 5,344 — 8,297 7,015 1,977 6,096
2035 3,055 — 778 4,720 — 7,667 6,552 1,847 5,567
2036 2,913 — 689 4,073 — 7,013 6,066 1,710 5,011
2037 2,769 — 594 3,397 — 6,331 5,553 1,565 4,426
2038 2,622 — 496 2,690 — 5,622 5,071 1,430 3,812
2039 2,473 — 393 1,957 — 4,884 4,623 1,303 3,166
2040 2,322 — 287 1,194 — 4,116 4,157 1,172 2,557
2041 2,168 — 175 403 — 3,316 3,672 1,035 1,989
2042 2,013 — 59 — — 2,196 3,167 893 1,396
2043 1,855 — — — — 741 2,641 745 775
2044 1,694 — — — — — 2,094 590 228
2045 1,531 — — — — — 1,524 429 —
2046 1,366 — — — — — 932 264 —
2047 1,198 — — — — — 314 88 —
2048 1,028 — — — — — — — —
2049 855 — — — — — — — —
2050 716 — — — — — — — —
2051 575 — — — — — — — —
2052 463 — — — — — — — —
2053 353 — — — — — — — —
2054 242 — — — — — — — —
2055 144 — — — — — — — —
2056 73 — — — — — — — —
Total $ 69,987 21 18,584 116,432 582 182,604 155,034 43,704 130,559 (Continued)
Interest Payments
Debt Capacity
Wastewater - Future Principal and Interest and Fee Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
*
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:24 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022236 May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Wastewater - Future Principal and Interest and Fee Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Total Total
Payments Federal Interest Principal &
Due for Interest Payments Interest
FY Ended 2018B 2018C 2021A 2021B Subsidy Net of Subsidy Payments 2023 $ 9,142 3,808 11,466 1,852 2,183 1,291 (3,992) 78,419 116,071 2024 8,839 5,486 11,466 1,852 2,184 1,291 (3,868) 78,741 119,702 2025 8,560 7,166 11,466 1,852 2,183 1,291 (3,728) 79,330 122,244 2026 8,287 7,166 11,466 1,853 1,091 1,290 (3,579) 76,414 339,535 2027 7,999 7,165 11,466 1,852 — 646 (3,422) 74,543 253,838 2028 7,697 7,165 11,466 1,852 — — (3,255) 71,779 124,072 2029 7,379 7,166 11,466 1,852 — — (3,079) 69,558 124,062 2030 7,044 7,166 11,466 1,853 — — (2,894) 67,224 124,048 2031 6,692 7,165 11,466 1,852 — — (2,698) 64,773 124,036 2032 6,323 7,166 11,466 1,852 — — (2,492) 62,200 124,022 2033 5,935 7,166 11,466 1,853 — — (2,275) 59,500 124,004 2034 5,527 7,166 11,466 1,853 — — (2,050) 56,752 123,998 2035 5,097 7,165 11,466 1,853 — — (1,814) 53,953 123,980 2036 4,646 7,166 11,466 1,853 — — (1,572) 51,034 123,971 2037 4,171 7,166 11,465 1,852 — — (1,317) 47,972 123,955 2038 3,672 7,166 11,466 1,852 — — (1,051) 44,848 123,936 2039 3,148 7,166 11,465 1,852 — — (776) 41,655 123,913
2040 2,597 7,166 11,466 1,853 — — (488) 38,400 123,897
2041 2,020 7,166 11,465 1,852 — — (192) 35,070 123,878
2042 1,418 7,165 11,466 1,852 — — (20) 31,605 123,864
2043 788 7,166 11,465 1,853 — — — 28,029 122,004
2044 233 6,980 10,868 1,769 — — — 24,457 110,747
2045 — 6,168 9,642 1,597 — — — 20,891 110,745
2046 — 4,890 8,353 1,417 — — — 17,222 110,752
2047 — 3,560 6,999 1,228 — — — 13,388 110,745
2048 — 2,176 5,723 1,029 — — — 9,956 90,173
2049 — 734 4,538 819 — — — 6,946 88,150
2050 — — 3,303 599 — — — 4,618 50,671
2051 — — 2,019 368 — — — 2,962 48,962
2052 — — 682 125 — — — 1,270 48,697
2053 — — — — — — — 353 8,810
2054 — — — — — — — 241 7,796
2055 — — — — — — — 144 5,254
2056 — — — — — — — 73 5,255
Total $ 117,213 169,953 292,909 47,851 7,641 5,809 (44,562) 1,314,320 3,729,788 2021A
Notes
2021B
Notes
Interest Payments
Debt Capacity
Wastewater - Future Principal and Interest and Fee Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:25 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022237 May not total due to rounding.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Power - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
Clean Qualified New Clean
Payments Renewable COPs COPs Energ y Renewable Total Due for Energ y Series Series Conservation Energy Principal FY Ended Bonds 2008* 2009C 2009D Bonds 2011 2015A 2015B Bonds 2015 2021A 2021B Payments 2023 $ 421 425 — 555 — 850 146 — — 2,397
2024 — — 445 562 — 880 148 — — 2,035
2025 — — 463 569 — 910 150 1,385 585 4,062
2026 — — 483 576 — 945 152 1,455 620 4,231
2027 — — 503 582 830 150 154 1,530 650 4,399
2028 — — 524 294 1,020 — 156 1,605 685 4,284
2029 — — 546 — 1,075 — 158 1,690 715 4,184
2030 — — 569 — 1,125 — 161 1,775 750 4,380
2031 — — 594 — 1,185 — 163 1,860 790 4,592
2032 — — 619 — 1,240 — 165 1,945 825 4,794
2033 — — 645 — 1,305 — 84 2,035 860 4,929
2034 — — 673 — 1,370 — — 2,115 905 5,063
2035 — — 702 — 1,435 — — 2,200 950 5,287
2036 — — 731 — 1,510 — — 2,290 995 5,526
2037 — — 763 — 1,585 — — 2,385 1,045 5,778
2038 — — 796 — 1,665 — — 2,480 1,090 6,031
2039 — — 830 — 1,745 — — 2,585 1,140 6,300
2040 — — 865 — 1,835 — — 2,690 1,185 6,575
2041 — — 901 — 1,925 — — 2,800 1,240 6,866
2042 — — 941 — 2,020 — — 2,915 1,290 7,166
2043 — — — — 2,125 — — 3,030 1,345 6,500
2044 — — — — 2,230 — — 3,155 1,405 6,790
2045 — — — — 2,340 — — 3,285 1,465 7,090
2046 — — — — 2,460 — — 3,420 1,525 7,405
2047 — — — — — — — 3,560 4,160 7,720
2048 — — — — — — — 3,705 4,330 8,035
2049 — — — — — — — 3,855 4,505 8,360
2050 — — — — — — — 4,010 4,695 8,705
2051 — — — — — — — 4,175 4,885 9,060
2052 — — — — — — — 4,345 5,085 9,430
2053 — — — — — — — — — —
2054 — — — — — — — — — —
2055 — — — — — — — — — —
2056 — — — — — — — — — —
Total $ 421 425 12,593 3,138 32,025 3,735 1,637 74,280 49,720 177,974 (Continued)
Principal Payments
(Dollars in Thousands)
Power - Future Principal and Interest Payments for Debt Issues Debt Capacity
(Exclude Commercial Paper)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:34 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022238 May not total due to rounding.
*No interest payments are required.

Source: San Francisco Public Utilities Commission Official Statements.

Debt Capacity
Power - Future Principal and Interest Payments for Debt Issues (Exclude Commercial Paper)
(Dollars in Thousands)
COPs QECBs NCREBs Total Total
Payments COPs 2009D 2011 2015 Federal Interest Principal & Due for Series Before Before Before Interest Payments Interest FY Ended 2009C Subsidy Subsidy 2015 A 2015B Subsidy 2021 A 2021B Subsidy Net of Subsidy Payments 2023 $ 10 812 142 1,593 124 74 3,085 2,045 (417) 7,468 9,865 2024 — 798 116 1,593 93 67 3,085 2,045 (389) 7,408 9,443 2025 — 769 89 1,593 62 60 3,050 2,030 (357) 7,296 11,358 2026 — 739 62 1,593 25 53 2,979 2,000 (323) 7,128 11,359 2027 — 709 35 1,576 3 47 2,905 1,969 (289) 6,955 11,354 2028 — 675 7 1,534 — 39 2,826 1,935 (253) 6,763 11,047
2029 — 641 — 1,482 — 32 2,744 1,900 (233) 6,566 10,750
2030 — 606 — 1,427 — 25 2,657 1,864 (216) 6,363 10,743
2031 — 568 — 1,369 — 17 2,576 1,825 (199) 6,156 10,748
2032 — 530 — 1,309 — 9 2,491 1,784 (182) 5,941 10,735
2033 — 488 — 1,245 — 2 2,401 1,747 (162) 5,721 10,650
2034 — 446 — 1,178 — — 2,318 1,712 (147) 5,507 10,570
2035 — 400 — 1,108 — — 2,231 1,674 (132) 5,281 10,568
2036 — 354 — 1,034 — — 2,142 1,636 (117) 5,049 10,575
2037 — 307 — 957 — — 2,048 1,594 (101) 4,805 10,583
2038 — 255 — 876 — — 1,951 1,552 (84) 4,550 10,581
2039 — 203 — 790 — — 1,850 1,507 (67) 4,283 10,583
2040 — 148 — 701 — — 1,744 1,461 (49) 4,005 10,580
2041 — 90 — 607 — — 1,634 1,412 (30) 3,713 10,579
2042 — 31 — 508 — — 1,519 1,363 (10) 3,411 10,577
2043 — — — 405 — — 1,401 1,309 — 3,115 9,615
2044 — — — 296 — — 1,277 1,254 — 2,827 9,617
2045 — — — 181 — — 1,149 1,197 — 2,527 9,617
2046 — — — 61 — — 1,014 1,137 — 2,212 9,617
2047 — — — — — — 875 1,023 — 1,898 9,618
2048 — — — — — — 730 853 — 1,583 9,618
2049 — — — — — — 578 677 — 1,255 9,615
2050 — — — — — — 421 493 — 914 9,619
2051 — — — — — — 257 301 — 558 9,618
2052 — — — — — — 87 102 — 189 9,619
2053 — — — — — — — — — — —
2054 — — — — — — — — — — —
2055 — — — — — — — — — — —
2056 — — — — — — — — — — —
Total $ 10 9,569 451 25,016 307 425 56,025 43,401 (3,756) 131,448 309,422 Debt Capacity
Power - Future Principal and Interest Payments for Debt Issues (Dollars in Thousands)
Interest Payments
(Exclude Commercial Paper)
207 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2022 2/8/2023 2:34 PM Statistical Section
Demographic and Economic Information
City and County of San Francisco Economic and General Information Summary of Accounts by Type of Customer
Water Accounts and Billings
Historical Water Sales in Hundred Cubic Feet

Historical Water Sales in Millions of Gallons per Day
Historical Water Sales in Millions of Gallons
Wholesale Water Customers
Accounts and Billings by Type of Customer
Historical Hetchy Water Sales
Historical Hetchy Power Electric Sales
Historical CleanPowerSF Electric Sales
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022240 City and County of San Francisco Economic and General Information The following provides general economic and demographic information about the City and County of San Francisco (the “City”).

San Francisco Area
The corporate limits of the City encompass over 93 square miles, of which approximately 49 square miles are land, with the balance consisting of tidelands and a portion of the San Francisco Bay. The City is located on a peninsula bounded by the Pacific Ocean to the west, the Bay to the east, the entrance to the Bay and the Golden Gate Bridge to the north and San Mateo County to the south.

San Francisco Economy
San Francisco benefits from a highly skilled, educated, and professional labor force. Key industries include high tech, tourism, real estate, banking and finance, retailing, apparel design and manufacturing. Emerging industries include multimedia and bioscience. The City is the economic center of the nine counties contiguous to the Bay: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma Counties (the “Bay Area”). The economy of the Bay Area includes a wide range of industries, supplying local needs as well as the needs of national and international markets. Major business sectors in the Bay Area include retail and entertainment, conventions and tourism, service businesses, banking, professional and financial services, corporate headquarters, international and wholesale trade, technology, multimedia and advertising, biotechnology, and higher education.

As of June 30, 2022, employment have slowly increased by 44,000 or 8.6%, from 510,410 to 554,400 employed, according to California Employment Development Department. The Pandemic did not seem to have an effect on housing for the Bay Area. San Francisco homes continue to rise with median home prices increased by $120,000 from 2021 to 2022 with house prices average to $2 million. Personal income per capita for 2022 is $170,483, and a typical home costs approximately 12 times the typical income, one of the highest home price-to-income ratio in the nation.

San Francisco Population and Income
The City had a population estimated at 804,534 as of fiscal year 2022. The table reflects the population and per capita personal income of the City, as estimated based on the U.S. Census Bureau. 1 2022 population was estimated by multiplying the estimated 2020 population by the 2020 to 2021 population growth rate. Fiscal year 2020 and 2021 has been updated from last year’s ACFR with newly available data.
2Per capita personal income for 2021 was estimated by dividing the estimated personal income for 2021 by the reported population in 2021. Fiscal years 2020 and 2021 are updated from last year’s ACFR with newly available data. FY2022 was estimated by multiplying the latest quarterly State income by 1,000 and dividing by the estimated 2022 population.

Source: Office of the Controller, City and County of San Francisco San Francisco Conventions and Tourism
Conventions are coming back to San Francisco. According to the San Francisco Travel Association (the “Travel Association”), a non-profit membership organization, 34 events are confirmed for Moscone Center with expected 308,700 attendees.

San Francisco International Airport projects there will be over 40 million passengers in 2022. Hotel occupancy is also expected to be 58.6% in 2022, an increase of 67% compared to 2021. While San Francisco tourism is still slightly down from 2019, it is expected to reach back 2019 levels by 2025.

San Francisco Employment
According to the California Employment Development Department, the State and City have achieved comparable employment data to pre-pandemic. The unemployment rate for the City has decreased to 2.2% from 5.9% in June 2021 and the State’s unadjusted unemployment rate also decreased to 4.0% for 2022 from 8.2% in June 2021. This is a significant improvement for the City with labor force increased by 4.5% and unemployment decreased by over 60%.

Fiscal Year Population¹
2018 880,696 131,083
2019 881,549 133,442
2020 870,014 144,250
2021 815,201 166,980
2022 804,534 170,483

CITY AND COUNTY OF SAN FRANCISCO
Population and Income - Fiscal Years 2018-2022
Per Capita
Personal Income2
218 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 20192/8/2023 2:37 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022241 Tables below summarizes information on the civilian labor, employment, and unemployment in the City; and employment by industry from calendar years 2017 to 2021.

1Labor force data reflects the March 2021 benchmark and Census 2021 population controls at the state level. June 2021 data is updated from last year’s ACFR with newly available data.
2Data not seasonally adjusted.

Source: California Employment Development Department, Labor Market Information Division.

Year Area Labor Force Employment Unemployment
June 2022 San Francisco 566,900 554,400 12,600 2.2%
State 19,116,400 18,347,800 768,600 4.0%
June 2021 San Francisco 542,300 510,400 31,900 5.9%
State 18,920,200 17,367,400 1,552,800 8.2%

CITY AND COUNTY OF SAN FRANCISCO
Civilian Labor Force, Employment, and Unemployment 1
June 2021 and 20222
Unemployment
Rate
219 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 20192/8/2023 2:38 PM 2017 2018 2019 2020 2021
Total Farm 200 200 400 200 200
Total Nonfarm 719,300 735,000 762,500 696,300 693,800
Professional & Business Services 194,700 195,400 203,100 200,900 198,500 Leisure & Hospitality 96,900 98,500 101,800 59,100 57,500 Government 96,600 98,200 98,800 98,200 99,400
Educational & Health Services 89,000 90,300 94,100 91,500 93,600 Trade, Transportation & Utilities 81,000 82,600 84,300 73,200 70,900 Financial Activities 56,300 59,900 62,000 60,300 60,500 Information 43,000 46,100 52,500 54,600 57,000
Manufacturing & Construction 34,300 36,400 37,900 36,600 33,900 Other Services 27,700 27,800 28,400 22,100 22,700
Total All Industries 719,500 735,200 762,900 696,500 694,000

CITY AND COUNTY OF SAN FRANCISCO
Estimated Average Annual Employment by Sector - Calendar Years 2017-2021 1 219 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 20192/8/2023 2:39 PM 1Data reflects the March 2021 benchmark and 2020 is updated with newly available data.

Source: California Employment Development Department, Labor Market Information Division.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022242 The table below lists 25 major employers in San Francisco County, as reported by the San Francisco Business Times.

Employer Name
More than 10,000 Employees
City and County of San Francisco
Salesforce
San Francisco Unified School District (SFUSD) Public Education University of California, San Francisco
5,000 - 9,999 Employees
Sutter Health
Uber Technologies Inc. Ride-Sharing Service
Wells Fargo Bank
1,000 - 4,999 Employees
Accenture Professional Services and Technology Consulting Adobe Inc. Digital medial and marketing
Airbnb Inc. Online Vacation Rental Services
Allied Universal Security Systems, Guarding Services
Cisco Systems Inc. Technology, Networking, Security and Digital CommonSpirit Health Health Care System
Cruise Develops all electric, self-driving vehicles
Deloitte Accounting, Audit, Tax, Advisory, Consulting
DoorDash Inc. On-demand logistics platform for local commerce EY Accounting, Audit, Tax, Advisory, Consulting
First Republic Bank Financial Services
Kaiser Permanente Health Care System
Linkedin Corp Online Professional Network
Safeway Northern California Division Grocery stores
Square Inc. Financial and Merchant Services, Mobile payments Twitter Inc. Social Media
United Airlines Airline Carrier
University of San Francisco University Education
City Government
Health Care System
Financial Services
Customer Relationship Management Software
Health Sciences University and Medical Center

CITY AND COUNTY OF SAN FRANCISCO
Major Employers
Industry
220 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 20192/8/2023 2:40 PM Source: Calendar year 2021 San Francisco Business Times and City and County of San Francisco.

San Francisco Taxable Sales
The following table provides information on taxable sales for the City for calendar years 2017 through 2021. Total retail sales increased in 2021 by approximately $1.6 billion compared to 2020. 1Most recent annual data available and may not total due to rounding. 2Other Retail Stores include Health and Personal Care Stores, Sporting Goods, Hobby Book, and Music stores, Miscellaneous Store Retailers, and Non-store Retailers.

Source: California Department of Tax and Fee Administration. 2017 2018 2019 2020 2021 Building Material/Garden Equipment/Supplies $ 605,711 681,369 718,692 642,104 685,895 Clothing and Clothing Accessories Stores 2,056,070 2,046,414 2,029,312 1,163,031 1,587,968 Food and Beverage Stores 863,215 856,217 861,757 746,455 722,410 Food Services and Drinking Places 4,743,633 4,844,464 5,046,263 2,081,728 2,953,373 Gasoline Stations 490,255 583,480 548,509 304,977 432,768 General Merchandise Stores 814,324 790,845 755,350 560,059 667,930 Home Furnishings and Appliance Stores 916,777 1,018,006 1,034,213 768,022 919,239 Motor Vehicle and Parts Dealers 628,666 674,008 601,929 593,476 625,719 Other Retail Stores2 2,373,545 2,535,667 2,671,219 2,690,590 2,508,494 Retails Stores Total $ 13,492,196 14,030,470 14,267,244 9,550,442 11,103,796 All Other Outlets not listed above 5,981,674 6,312,252 6,689,891 4,839,281 5,503,320 Total All Outlets $ 19,473,870 20,342,722 20,957,135 14,389,723 16,607,116

CITY AND COUNTY OF SAN FRANCISCO
Taxable Sales - Calendar Years 2017-20211
($ in Thousands)
220 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:41 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022243 Demographic and Economic Information
San Francisco Population and Income
Fiscal Years Ended 2013 to 2022
Personal Income Per Capita
Year Population 1 (In Thousands) 2 Personal income 2
2013 841,138 $ 72,858,445 $ 86,619
2014 852,469 77,233,279 90,600
2015 862,004 89,533,450 103,867
2016 876,103 96,161,308 109,760
2017 879,166 106,006,635 120,576
2018 880,696 115,444,581 131,083
2019 881,549 117,635,944 133,442
2020 870,014 125,499,720 144,250
2021 815,201 136,122,330 166,980 5 2022 804,534 3 137,159,159 4 170,483 5 Demographic and Economic Information
San Francisco Population and Income
Fiscal Years Ended 2013 to 2022
221 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 20192/8/2023 2:42 PM 750,000
775,000
800,000
825,000
850,000
875,000
900,000
925,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
841,138
852,469 862,004
876,103 879,166 880,696 881,549 870,014
815,201
804,534
Population
221 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:43 PM $75,000
$95,000
$115,000
$135,000
$155,000
$175,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
$86,619
$90,600
$103,867
$109,760
$120,576
$131,083 $133,442
$144,250
$166,980
$170,483
Per Capita Personal Income
(in Dollars)
221 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:43 PM 1Data from US Census Bureau. Fiscal year 2020 and 2021 has been updated from last year’s Annual Comprehensive Financial Report with newly available data.
2Data from US Bureau of Economic Analysis. Fiscal years 2019, 2020 and 2021 are updated from last year’s ACFR with newly available data. 32022 population was calculated by multiplying the estimated 2020 population by the 2020 to 2021 population growth rate. 4Personal income was estimated by assuming that its percentage of state personal income in fiscal years 2020 and 2021 remained at the 2020 level of 4.54 percent.
5Per capita personal income for 2021 was estimated by dividing the estimated personal income for 2021 by the reported population in 2021. 2022 was estimated by multiplying the latest quarterly State income by 1,000 and dividing by the estimated 2022 population.

Source: Office of the Controller, City and County of San Francisco.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022244 Demographic & Economic Information
San Francisco City and County Principal Employers
Employer Employees Rank
Percentage of
Total City
Employment Employees Rank
Percentage of
Total City
Employment
City and County of San Francisco 35,802 1 6.4 % 25,458 1 5.3 % University of California, San Francisco 29,500 2 5.3 22,664 2 4.7 Salesforce 10,603 3 1.9 4,000 9 0.8
San Francisco Unified School District 10,322 4 1.8 8,189 5 1.7 Sutter Health 6,100 5 1.1 — — —
Wells Fargo Bank 5,899 6 1.1 8,300 4 1.7
Uber Technologies Inc. 5,500 7 1.0 — — —
Allied Universal 4,095 8 0.7 — — —
Kaiser Permanente 3,921 9 0.7 3,581 10 0.8
First Republic Bank 3,042 10 0.5 —
Pacific Gas & Electric Corporation — — — 4,415 7 0.9
California Pacific Medical Center — — — 8,559 3 1.8
Gap, Inc. — — — 6,000 6 1.3
State of California — — — 4,184 8 0.9
Total 114,784 20.5 % 95,350 19.9 % Total City Employment3 561,308 477,650
Demographic & Economic Information
San Francisco City and County Principal Employers
20211 20122
222 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:44 PM 1The latest data as of calendar year 2020 is presented from City and County of San Francisco data provided by Office of Controller’s Payroll and Personnel Services Division. The University of California, SF data is from the Data Source Corporate Personnel Data Warehouse. All other data is obtained from the San Francisco Business Times Book of Lists. 2Percentages have been restated based on updated employment information, and as a result, may differ from amounts reported in the fiscal year 2011-12 Annual Comprehensive Financial Report from the City and County of San Francisco. 3Data is from State of California Employee Development Department.

Source: Office of the Controller, City and County of San Francisco.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022245 Demographic & Economic Information
Summary of Water and Sewer Accounts by Type of Customer Fiscal Years Ended 2013 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Water Account Types
Retail - San Francisco
Multi-Family Residential 41,121 41,165 41,279 41,369 41,594 42,101 42,482 42,849 43,360 43,693 Single-Family Residential 110,062 110,144 110,140 110,050 110,118 110,153 110,413 110,584 110,113 110,485 Commercial 20,270 20,354 20,384 20,320 20,344 20,429 20,512 20,509 20,306 20,399 Industrial 83 82 81 81 80 80 81 77 75 72 Municipal 1,826 1,843 1,849 1,885 1,882 1,915 1,939 1,985 2,019 2,049 Subtotal 173,362 173,588 173,733 173,705 174,018 174,678 175,427 176,004 175,873 176,698 Retail - Other
Commercial 89 88 85 85 83 86 87 87 86 87 Municipal 1 1 1 1 1 1 1 1 1 1 Other 3 3 3 3 3 3 2 2 2 2 Residential 208 212 211 211 211 208 208 207 206 206 Subtotal 301 304 300 300 298 298 298 297 295 296 Wholesale
Private utilities 21 21 22 22 22 22 22 22 22 22 Public utilities 60 57 56 56 56 56 56 56 56 56 Subtotal 81 78 78 78 78 78 78 78 78 78 Total water accounts 173,744 173,970 174,111 174,083 174,394 175,054 175,803 176,379 176,246 177,072 Sewer Account Types
Retail & Resale
Multi-Family Residential 36,301 36,248 36,313 36,293 36,323 36,326 36,387 36,467 36,528 36,595 Single-Family Residential 111,007 111,125 111,173 111,137 111,268 111,385 111,681 111,869 111,398 111,786 Commercial2 15,400 15,430 15,460 15,411 15,388 15,494 24,465 24,721 24,941 25,278 Municipal2 729 725 731 738 751 763 1,109 1,150 1,182 1,208 Suburban (Watershed Keepers) 8 9 9 8 8 8 8 7 7 7 Unmetered Properties1 306 302 300 297 Total sewer accounts 163,445 163,537 163,686 163,587 163,738 163,976 173,956 174,516 174,356 175,171 Demographic & Economic Information
Summary of Water and Sewer Accounts by Type of Customer Fiscal Years Ended 2013 to 2022
No data prior to fiscal year 2019
223 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:45 PM 173,744 173,970 174,111 174,083 174,394
175,054
175,803
176,379 176,246
177,072
163,445 163,537 163,686 163,587 163,738 163,976
173,956 174,516 174,356 175,171
162,000
164,000
166,000
168,000
170,000
172,000
174,000
176,000
178,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Number of Accounts
Water and Sewer Accounts
Water Accounts
Sewer Accounts
Fiscal Year
223 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:46 PM 1Beginning in fiscal year 2019, Unmetered Properties accounts are included. 2Large increase in commercial sewer accounts in fiscal year 2019 is due to new requirements that all water accounts for fire-fighting purposes have a corresponding sewer account. Fiscal year 2019 sewer accounts were updated between Commercial and Municipal.

Source: San Francisco Public Utilities Commission Water Sewer System and Customer Care and Billing System as of June 30, 2021 and Rate Schedules.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022246 ^Increase is from completion of citywide enrollment.

Source: Calpine’s customer snapshot reports. Calpine obtains the data from PG&E.

Demographic & Economic Information
Summary of Hetchy Water, Hetchy Power and CleanPowerSF Accounts by Type of Customer Fiscal Years Ended 2013 to 2022
Hetchy Water
Accounts 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Upcountry Water Sales 7 7 7 6 5 5 5 5 5 5 Source: San Francisco Public Utilities Commission Customer Care and Billing System.

Hetchy Power
Electric Meters 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 City Agencies 1,449 1,470 1,480 1,494 1,491 1,511 1,499 1,512 1,489 1,522 Non-City Agencies* 766 758 783 1,090 1,536 1,996 2,209 2,526 3,858 3,551 Moccasin/City of Riverbank 40 41 40 41 39 38 37 37 36 35 Modesto/Turlock Irrigation District 2 2 2 2 2 2 2 2 2 2 Total accounts 2,257 2,271 2,305 2,627 3,068 3,547 3,747 4,077 5,385 5,110 Gas and Steam Meters
Nature Gas (City Agencies) 346 351 352 359 351 355 352 352 352 355 Steam (City Agencies) 12 12 12 12 12 12 12 12 12 12 Total accounts 358 363 364 371 363 367 364 364 364 367 CleanPowerSF
Account 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Residential 364 69,492 74,160 343,807 351,219 352,835 351,350 Commercial
Small Commercial Service 6,256 6,169 6,422 27,750 27,368 27,044 25,852 Medium Commercial Service 541 504 688 2,428 2,381 2,272 2,006 Large Commercial Service 299 314 336 1,812 1,887 1,859 1,827 Agricultural — 3 7 25 25 25 22 Street and Outdoor Lighting — — — 306 299 297 298 Commercial Subtotal 7,096 6,990 7,453 32,321 31,960 31,497 30,005 Total accounts 7,460 76,482 81,613 376,128 383,179 384,332 381,355 ^ Increase is from completetion of citywide enrollment
Demographic & Economic Information
Summary of Hetchy Water, Hetchy Power and CleanPowerSF Accounts by Type of Customer Fiscal Years Ended 2013 to 2022
Source: Calpine’s customer snapshot reports based on data provided by PG&E.

Source: San Francisco Public Utilities Commission Power Enterprise Billing System and starting fiscal year 2021, Customer To Meter Billing System. * Non-City Agencies include electric retail and municipal customers such as Moscone tenants, Exploratorium, and Yerba Buena Gardens. Increases from fiscal years 2016 to 2021 are new accounts in various Redevelopment Projects and the Distributed Antenna System.

Data not available -
CleanPowerSF launched in
May 2016.
^ ^
224 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:47 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022247 *Hundred cubic feet = 748 gallons
**Millions of gallons
Source: Summary of Annual Water Sales reports, San Francisco Public Utilities Commission Water Sewer System and Customer Care and Billing System.

Demographic & Economic Information
Water Accounts and Billings
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Fiscal
Year
Number of
Consumer
Accounts
Water
Consumed
(CCF)*
Water
Consumed
(MG)**
Service
Charges
Billed ($)
Water
Charges
Billed ($)
Total
Amount
Billed ($)
2013 173,744 105,166,558 78,665 29,168 360,354 389,522 2014 173,970 106,183,899 79,425 31,849 339,139 370,988 2015 174,111 92,624,944 69,284 33,561 336,182 369,743 2016 174,083 82,783,466 61,923 37,125 375,020 412,145 2017 174,394 85,169,254 63,706 40,650 425,629 466,279 2018 175,054 92,689,320 69,331 43,748 476,385 520,133 2019 175,803 89,997,393 67,319 44,104 478,448 522,552 2020 176,379 93,495,127 69,934 47,310 548,199 595,509 2021 176,246 91,994,566 68,812 50,391 545,521 595,912 2022 177,072 88,243,491 66,005 53,820 537,588 591,408 Demographic & Economic Information
Water Accounts and Billings
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
225 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:51 PM $0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
0 10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Sales (dollars in thousands)
Consumption (in millions of gallons)
Fiscal Year
Historical Consumption vs. Sales Revenues
Consumption
Sales Revenues
225 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:52 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022248 1Includes Docks and Ships under Commercial.
2From fiscal year 2016 onward, California Water Service Company, Daly City, and San Bruno are participating in the conjunctive use groundwater program. These customers receive a bill credit for regional water system usage in-lieu of groundwater pumping. Totals reported in this table ex - clude water credited under the conjunctive use program. 3Master-metered Treasure Island water sales were included under Commercial from fiscal year 2011 and 2012 and under Suburban Retail from fiscal year 2013 to fiscal year 2016. Beginning in fiscal year 2017, they have been classified under Municipal. Current Treasure Island usage represents purchases by the Treasure Island Development Authority and various commercial, residential, and governmental leasees. As new devel - opment is completed on Treasure Island, customers will open individual accounts under the appropriate commercial or residential line items, and the master-metered amount will be reduced accordingly.
4Beginning in fiscal year 2017, recycled water sales to Harding Park are included under Municipal.

Source: Rate Schedules, Summary of Annual Water Sales reports, San Francisco Public Utilities Commission Customer Care and Billing System.

Demographic & Economic Information
Historical Water Sales in Hundred Cubic Feet
Fiscal Years Ended 2013 to 2022
2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 % of Total Retail Customers
Multi-Family Residential 11,857,405 11,790,707 10,923,723 10,511,291 10,730,224 11,088,325 11,001,321 11,377,523 11,091,058 10,652,590 12.1% Single-Family Residential 7,848,355 8,124,179 7,056,525 6,674,624 6,765,508 6,954,084 6,766,191 7,051,008 7,101,350 6,413,178 7.3% Commercial 1 9,369,923 9,249,884 8,881,095 8,486,990 8,286,580 8,539,377 8,145,347 7,391,713 5,152,409 5,761,374 6.5% Industrial 91,641 96,073 100,995 94,178 92,846 86,555 84,142 73,296 43,251 47,821 0.1% Municipal 3,4,6 1,764,467 1,818,869 1,351,523 1,252,031 1,519,354 1,582,906 1,592,205 1,652,984 1,387,438 1,388,349 1.6% Suburban Retail 3 2,082,763 2,090,360 1,860,949 1,556,586 1,397,568 1,524,511 1,426,850 1,474,800 1,368,225 1,329,569 1.5% Retail water sales 33,014,554 33,170,072 30,174,810 28,575,700 28,792,081 29,775,757 29,016,056 29,021,324 26,143,730 25,592,881 29.0% Wholesale Customers
California Water Service 2 16,104,269 16,478,539 14,177,253 11,442,469 11,853,307 13,437,872 12,823,623 14,158,729 14,422,994 14,163,074 16.0% Hayward Municipal Water 7,552,956 7,402,067 6,634,616 5,979,616 6,281,522 7,101,954 6,821,848 6,929,989 7,098,350 6,854,523 7.8% City of Palo Alto 5,528,554 5,520,468 4,671,433 4,006,084 4,382,560 4,859,576 4,600,987 4,757,199 4,785,384 4,709,184 5.3% Alameda County Water District 4,423,129 5,837,509 3,885,891 2,924,129 3,039,722 3,875,669 3,745,166 3,788,287 4,638,801 4,575,609 5.2% City of Sunnyvale 4,653,481 4,169,463 3,801,695 3,816,230 3,966,024 4,615,487 4,281,432 4,602,280 4,745,166 4,336,157 4.9% City of Redwood City 4,541,338 4,457,196 3,909,265 3,484,888 3,764,419 4,109,993 3,945,340 4,269,768 4,180,327 3,862,674 4.4% City of Mountain View 4,436,942 4,405,542 3,715,499 3,285,167 3,374,726 3,679,915 3,551,507 3,706,595 3,857,685 3,600,525 4.1% City of Milpitas 3,137,125 3,244,023 2,556,289 2,199,649 2,361,244 2,544,956 2,504,392 2,956,102 2,618,214 2,332,408 2.6% City of San Jose 2,197,501 2,263,880 2,189,406 1,990,436 2,017,559 2,198,147 2,104,452 2,065,632 2,052,823 1,975,039 2.2% Estero Municipal Improvement District 1,977,026 1,983,373 1,942,828 1,755,953 1,869,684 2,064,667 1,966,799 2,115,607 2,101,149 1,887,409 2.1% All Other Wholesale Customers 2 17,599,683 17,251,767 14,965,959 13,323,145 13,466,407 14,425,326 14,635,791 15,123,615 15,349,943 14,354,008 16.3% Wholesale water sales 72,152,004 73,013,827 62,450,134 54,207,766 56,377,174 62,913,563 60,981,337 64,473,803 65,850,836 62,650,610 71.0% Total water sales 105,166,558 106,183,899 92,624,944 82,783,466 85,169,254 92,689,320 89,997,393 93,495,127 91,994,566 88,243,491 100.0% % Change from prior year 1.6% 1.0% -12.8% -10.6% 2.9% 8.8% -2.9% 3.9% -1.6% -4.1% Number of accounts 173,744 173,970 174,111 174,083 174,394 175,054 175,803 176,379 176,246 177,072 Retail 173,663 173,892 174,033 174, 005 174,316 174,976 175,725 176,301 176,168 176,994 Wholesale 81 78 78 78 78 78 78 78 78 78
Demographic & Economic Information
Historical Water Sales in Hundred Cubic Feet
Fiscal Years Ended 2013 to 2022
226 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:56 PM 20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Sales in Hundred Cubic Feet
Fiscal Year
Historical Water Sales Volumes
Retail
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022249 1Includes Docks and Ships under Commercial.
2From fiscal year 2016 onward, California Water Service Company, Daly City, and San Bruno are participating in the conjunctive use groundwater program. These customers receive a bill credit for regional water system usage in-lieu of groundwater pumping. Totals reported in this table ex - clude water credited under the conjunctive use program
3Master-metered Treasure Island water sales were included under Commercial from fiscal year 2011 and 2012 and under Suburban Retail from fiscal year 2013 to fiscal year 2016. Beginning in fiscal year 2017, they have been classified under Municipal. Current Treasure Island usage represents purchases by the Treasure Island Development Authority and various commercial, residential, and governmental leasees. As new devel - opment is completed on Treasure Island, customers will open individual accounts under the appropriate commercial or residential line items, and the master-metered amount will be reduced accordingly.
4Beginning in fiscal year 2017, recycled water sales to Harding Park are included under Municipal.

Source: Rate Schedules, Summary of Annual Water Sales reports, San Francisco Public Utilities Commission Customer Care and Billing System.

Demographic & Economic Information
Historical Water Sales in Millions of Gallons per Day
Fiscal Years Ended 2013 to 2022
22002222
22001133 22001144 22001155 22001166 22001177 22001188 22001199 22002200 22002211 22002222 %% ooff TToottaall RReettaaiill CCuussttoommeerrss
Multi-Family Residential 24.3 24.2 22. 4 21.5 22.0 22.7 22.5 23.3 22.7 21.9 12.1% Single-Family Residential 16.1 16.6 14. 5 13.6 13.9 14.3 13.9 14.4 14.6 13.1 7.3% Commercial 1 19.2 19.0 18.2 17.3 17.0 17.5 16.7 15.1 10.6 11.8 6.5% Industrial 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1% Municipal 3,4,6 3.6 3.7 2.8 2.6 3.1 3.2 3.3 3.4 2.8 2.8 1.5% Suburban Retail 3

4.3 4.3 3.8 3.2 2.9 3.1 2.9 3.0 2.8 2.7 1.5%
RReettaaiill wwaatteerr ssaalleess 6677..77 6688..00 6611..99 5588..44 5599..11 6611..11 5599..55 5599..33 5533..66 5522..44 2299..00%% WWhhoolleessaallee CCuussttoommeerrss
California Water Service 2

33.0 33.8 29.1 23.4 24.3 27.5 26.3 29.0 29.6 29.0 16.0% Hayward Municipal Water 15.5 15.2 13. 6 12.2 12.9 14.6 14.0 14.2 14.5 14.0 7.7% City of Palo Alto 11.3 11.3 9.6 8.2 9.0 10.0 9.4 9.7 9.8 9.6 5.3% Alameda County Water District 9.1 12.0 8.0 6.0 6.2 7.9 7.7 7.7 9.5 9.4 5.2% City of Sunnyvale 9.5 8.5 7.8 7.8 8.1 9.5 8.8 9.4 9.7 8.9 4.9% City of Redwood City 9.3 9.1 8.0 7.1 7.7 8.4 8.1 8.8 8.6 7.9 4.4% City of Mountain View 9.1 9.0 7.6 6.7 6.9 7.5 7.3 7.6 7.9 7.4 4.1% City of Milpitas 6.4 6.6 5.2 4.5 4.8 5.2 5.1 6.1 5.4 4.8 2.6% City of San Jose 4.5 4.6 4.5 4.1 4.1 4.5 4.3 4.2 4.2 4.1 2.2% Estero Municipal Improvement District 4.1 4.1 4.0 3.6 3.8 4.2 4.0 4.3 4.3 3.9 2.1% All Other Wholesale Customers 2

36.1 35.4 30.7 27.3 27.6 29.6 30.0 31.0 31.5 29.5 16.3% WWhhoolleessaallee wwaatteerr ssaalleess 114477..99 114499..77 112288..00 111100..88 111155..55 112288..99 112255..00 113311..66 113355..00 112288..44 7711..00%% TToottaall wwaatteerr ssaalleess 221155..66 221177..77 118899..99 116699..22 117744..66 119900..00 118844..55 119900..99 118888..66 118800..88 110000..00%% %% CChhaannggee ffrroomm pprriioorr yyeeaarr 11..66%% 11..00%% --1122..88%% --1100..66%% 22..99%% 88..88%% --22..99%% 33..99%% --11..66%% --44..11%% NNuummbbeerr ooff aaccccoouunnttss 117733,,774444 117733,,997700 117744,,111111 117744,,008833 117744,,339944 175,054 175,803 176,379 117766,,224466 117777,,007722 Retail 173,663 173,892 174,033 174,005 174,316 174,976 175,725 176,301 176,168 176,994 Wholesale 81 78 78 78 78 78 78 78 78 78
DDeemmooggrraapphhiicc && EEccoonnoommiicc IInnffoorrmmaattiioonn HHiissttoorriiccaall WWaatteerr SSaalleess iinn MMiilllliioonnss ooff GGaalllloonnss ppeerr DDaayy FFiissccaall YYeeaarrss EEnnddeedd 22001133 ttoo 22002222 227 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:58 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022250 1Includes Docks and Ships under Commercial.
2From fiscal year 2016 onward, California Water Service Company, Daly City, and San Bruno are participating in the conjunctive use groundwater program. These customers receive a bill credit for regional water system usage in-lieu of groundwater pumping. Totals reported in this table ex - clude water credited under the conjunctive use program
3Master-metered Treasure Island water sales were included under Commercial from fiscal year 2011 and 2012 and under Suburban Retail from fiscal year 2013 to fiscal year 2016. Beginning in fiscal year 2017, they have been classified under Municipal. Current Treasure Island usage represents purchases by the Treasure Island Development Authority and various commercial, residential, and governmental leasees. As new devel - opment is completed on Treasure Island, customers will open individual accounts under the appropriate commercial or residential line items, and the master-metered amount will be reduced accordingly.
4Beginning in fiscal year 2017, recycled water sales to Harding Park are included under Municipal.

Source: Rate Schedules, Summary of Annual Water Sales reports, San Francisco Public Utilities Commission Customer Care and Billing System.

Demographic & Economic Information
Historical Water Sales in Millions of Gallons
Fiscal Years Ended 2013 to 2022
22002222
22001133 22001144 22001155 22001166 22001177 22001188 22001199 22002200 22002211 22002222 %% ooff TToottaall RReettaaiill CCuussttoommeerrss
Multi-Family Residential 8,869 8,819 8,171 7,862 8,026 8,294 8,229 8,510 8,296 7,968 12.1% Single-Family Residential 5,871 6,077 5,278 4,993 5,061 5,202 5,061 5,274 5,312 4,797 7.3% Commercial 1 7,009 6,919 6,643 6,348 6,198 6,387 6,093 5,529 3,854 4,310 6.5% Industrial 69 72 76 70 69 65 63 55 32 36 0.1% Municipal 3,4,6 1,320 1,361 1,011 937 1,136 1,184 1,191 1,236 1,038 1,038 1.6% Suburban Retail 3 1,558 1,564 1,392 1,164 1,045 1,140 1,067 1,103 1,023 995 1.5% RReettaaiill wwaatteerr ssaalleess 2244,,669955 2244,,881111 2222,,557711 2211,,337755 2211,,553366 2222,,227722 2211,,770044 2211,,770088 1199,,555555 1199,,114433 2299..00%% WWhhoolleessaallee CCuussttoommeerrss
California Water Service 2 12,046 12,326 10,605 8,559 8,866 10,052 9,592 10,591 10,788 10,594 16.0% Hayward Municipal Water 5,650 5,537 4,963 4,473 4,699 5,312 5,103 5,184 5,310 5,127 7.8% City of Palo Alto 4,135 4,129 3,494 2,997 3,278 3,635 3,442 3,558 3,579 3,522 5.3% Alameda County Water District 3,309 4,366 2,907 2,187 2,274 2,899 2,801 2,834 3,470 3,423 5.2% City of Sunnyvale 3,481 3,119 2,844 2,855 2,967 3,452 3,203 3,443 3,549 3,243 4.9% City of Redwood City 3,397 3,334 2,924 2,607 2,816 3,074 2,951 3,194 3,127 2,889 4.4% City of Mountain View 3,319 3,295 2,779 2,457 2,524 2,753 2,657 2,773 2,886 2,693 4.1% City of Milpitas 2,347 2,427 1,912 1,645 1,766 1,904 1,873 2,211 1,958 1,745 2.6% City of San Jose 1,644 1,693 1,638 1,489 1,509 1,644 1,574 1,545 1,536 1,477 2.2% Estero Municipal Improvement District 1,479 1,484 1,453 1,313 1,399 1,544 1,471 1,582 1,572 1,412 2.1% All Other Wholesale Customers 2 13,165 12,904 11,195 9,966 10,073 10,790 10,948 11,312 11,482 10,737 16.3% WWhhoolleessaallee wwaatteerr ssaalleess 5533,,997700 5544,,661144 4466,,771133 4400,,554488 4422,,117700 4477,,005599 4455,,661155 4488,,222266 4499,,225577 4466,,886622 7711..00%% TToottaall wwaatteerr ssaalleess 7788,,666655 7799,,442255 6699,,228844 6611,,992233 6633,,770066 6699,,333311 6677,,331199 6699,,993344 6688,,881122 6666,,000055 110000..00%% %% CChhaannggee ffrroomm pprriioorr yyeeaarr 11..66%% 11..00%% --1122..88%% --1100..66%% 22..99%% 88..88%% --22..99%% 33..99%% --11..66%% --44..11%% NNuummbbeerr ooff aaccccoouunnttss 117733,,774444 117733,,997700 117744,,111111 117744,,008833 117766,,337799 175,054 175,803 176,379 117766,,224466 117777,,007722 Retail 173,663 173,892 174,033 174,005 176,301 174,976 175,725 176,301 176,168 176,994 Wholesale 81 78 78 78 78 78 78 78 78 78
DDeemmooggrraapphhiicc && EEccoonnoommiicc IInnffoorrmmaattiioonn HHiissttoorriiccaall WWaatteerr SSaalleess iinn MMiilllliioonnss ooff GGaalllloonnss FFiissccaall YYeeaarrss EEnnddeedd 22001133 ttoo 22002222 228 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 2:59 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022251 Wholesale Water Customers
Map of Bay Area Water Supply and Conservation Agency (BAWSCA) Members *Cordilleras Mutual Water is a SFPUC Wholesale Customer but not a member of BAWSCA.

Source: Bay Area Water Supply and Conservation Agency (BAWSCA), San Mateo County General Plan.

Agency Name:

1. A lameda County Water District 1 3. Mid-Peninsula Water District

2. C ity of Brisbane 1 4. City of Millbrae

3. C ity of Burlingame 1 5. City of Milpitas
4a. C alifornia Water Service Company - Bear Gulch 1 6. City of Mountain View 4b. C alifornia Water Service Company - Mid-Peninsula 1 7. North Coast County Water District 4c. C alifornia Water Service Company - South San Francisco 1 8. City of Palo Alto

5. C oastside County Water District 1 9. Purissima Hills Water District

6. C ity of Daly City 2 0. City of Redwood City

7. C ity of East Palo Alto 2 1. City of San Bruno

8. E stero Municipal Improvement District 2 2. City of San Jose

9. G uadalupe Valley Municipal Improvement District 2 3. City of Santa Clara

10. C ity of Hayward 2 4. Stanford University

11. T own of Hillsborough 2 5. City of Sunnyvale

12. C ity of Menlo Park 2 6. Westborough Water District Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022252 1Includes Docks and Ships and Builders and Contractors under Commercial. 2Beginning in fiscal year 2017, Treasure Island and Harding Park recycled water revenues are included in Municipal. 3All Suburban Retail usage is included in the Non-Residential line item for purposes of calculating the percentage of revenue from each customer type. However, Suburban Retail usage includes some residential usage.

Source: San Francisco Public Utilities Commission Water Sewer System and Customer Care and Billing System.

Demographic & Economic Information
Water Accounts & Billings by Type of Customer
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Customer Type 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Multiple-Family Residential
Number of accounts 41,121 41,165 41,279 41,369 41,594 42,101 42,482 42,849 43,360 43,693 Billings $ 61,681 65,880 68,517 74,055 83,180 91,994 97,879 109,461 115,888 121,922 Single-Family Residential
Number of accounts 110,062 110,144 110,140 110,050 110,118 110,153 110,413 110,584 110,113 110,485 Billings $ 46,361 51,586 50,670 54,209 60,424 66,304 69,840 78,329 85,094 84,328 Commercial
1 Number of accounts 20,270 20,354 20,384 20,320 20,344 20,429 20,512 20,509 20,306 20,399 Billings $ 53,710 56,522 58,416 63,080 67,748 74,720 76,950 76,586 59,883 71,480 Industrial
Number of accounts 83 82 81 81 80 80 81 77 75 72 Billings $ 511 568 644 677 736 738 796 765 528 612 Municipal
2 Number of accounts 1,826 1,843 1,849 1,885 1,882 1,916 1,939 1,985 2,019 2,049 Billings $ 8,663 9,455 8,719 9,274 11,999 13,147 14,253 15,901 14,541 16,224 Suburban Retail
Number of accounts 301 304 300 300 298 297 298 297 295 296 Billings $ 7,525 8,023 8,122 7,845 8,836 10,466 10,313 11,127 11,113 11,668 Wholesale
Number of accounts 81 78 78 78 78 78 78 78 78 78 Billings $ 211,071 178,954 174,655 203,005 233,356 262,764 252,521 303,340 308,865 285,174 Total
Number of accounts 173,744 173,970 174,111 174,083 174,394 175,054 175,803 176,379 176,246 177,072 Billings $ 389,522 370,988 369,743 412,145 466,279 520,133 522,552 595,509 595,912 591,408 Percentage of Revenue
Residential 27.7% 31.7% 32.2% 31.1% 30.8% 30.4% 32.1% 31.5% 33.7% 34.9% Non-residential
3 18.1% 20.1% 20.5% 19.6% 19.2% 19.0% 19.6% 17.5% 14.4% 16.9% Wholesale 54.2% 48.2% 47.3% 49.3% 50.0% 50.6% 48.3% 51.0% 51.9% 48.2% Total Percentage of Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Demographic & Economic Information
Water Accounts & Billings by Type of Customer
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
230 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:07 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022253 1Beginning in fiscal year 2017, Treasure Island revenues are included under Municipal. 2Large increase in commercial sewer accounts in fiscal year 2019 is due to new requirements that all water accounts for fire-fighting purposes have a corresponding sewer account. Fiscal year 2019 sewer accounts were updated between Commercial and Municipal. *Beginning in fiscal year 2019, Unmetered Properties accounts are included. ^Billing amount has been updated.

Source: San Francisco Public Utilities Commission Customer Care and Billing System.

Demographic & Economic Information
Wastewater Accounts, Billings & Discharge by Type of Customer Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Customer Type 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Multiple-Family Residential
Number of accounts 36,301 36,248 36,313 36,293 36,323 36,326 36,387 36,467 36,528 36,595 Hundred cubic feet 11,034,590 10,979,262 10,199,389 9, 854,965 9,996,526 10,282,601 10,222,770 10,536,087 10,262,890 9,909,343 Millions of gallons per day 22.6 22.5 20.9 20.1 20.2 21.1 20.9 21.5 21.0 20.3 Billings $ 95,607 99,603 100,178 101,730 110,829 126,789 133,454 146,548 153,611 161,553 Single-Family Residential
Number of accounts 111,007 111,125 111,173 111,137 111,268 111,385 111,681 111,869 111,398 111,786 Hundred cubic feet 6,975,869 7,220,346 6,296,323 5, 993,115 6,058,304 6,228,159 6,067,155 6,324,480 6,369,781 5,753,733 Millions of gallons per day 14.3 14.8 12.9 12.2 12.3 12.8 12.4 13.0 13.1 11.8 Billings $ 58,683 64,377 61,048 61,177 66,661 76,534 79,971 89,688 95,297 96,687 Commercial
2 Number of accounts 15,400 15,430 15,460 15,411 15,388 15,494 24,465 24,721 24,941 25,278 Hundred cubic feet 7,816,146 7,931,611 7,594,556 7, 366,932 7,171,298 7,230,465 6,978,016 6,246,081 4,154,011 4,818,146 Millions of gallons per day 16.0 16.3 15.6 15.1 15.1 14.8 14.3 12.8 8.5 9.9 Billings $ 74,978 76,740 76,042 77,387 80,968 89,803 91,069 86,650 ^ 61,071 78,207 Municipal 1, 2
Number of accounts 729 725 731 738 751 763 1,109 1,150 1,182 1,208 Hundred cubic feet 701,162 657,708 570,386 588,044 578,015 589,621 585,833 545,917 420,610 476,957 Millions of gallons per day 1.4 1.3 1.2 1.2 1.2 1.2 1.2 1.1 0.9 1.0 Billings $ 6,520 6,205 5,534 5,965 7,586 7,163 9,002 8,885 7,605 8,829 Suburban Retail (Watershed Keepers)
Number of accounts 8 9
98888777
Hundred cubic feet 298 303 259 200 221 321 217 216 203 62 Millions of gallons per day 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Billings $ 2 3 22243332
Unmetered Properties*
Number of accounts 306 302 300 297
Hundred cubic feet N/

A N/A N/A N/A
Millions of gallons per day N/A N/A N/A N/A
Billings $ 82 112 117 118
Total
Number of accounts 163,445 163,537 163,686 163,587 163,738 163,976 173,956 174,516 174,356 175,171 Hundred cubic feet 26,528,064 26,789,230 24,660,912 23,803,256 23,804,362 24,331,167 23,853,991 23,652,781 21,207,495 20,958,241 Millions of gallons per day 54.4 54.9 50.5 48.6 48.8 49.9 48.8 48.4 43.5 43.0 Billings $ 235,790 246,927 242,804 246,261 266,046 300,293 313,581 331,886 317,704 345,396 Percentage of Revenue
Residential 65.4% 66.4% 66.4% 66.2% 66.7% 67.7% 68.1% 71.2% 78.3% 74.8% Non-residential 34.6% 33.6% 33.6% 33.8% 33.3% 32.3% 31.9% 28.8% 21.7% 25.2% Total Percentage of Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Demographic & Economic Information
Wastewater Accounts, Billings & Discharge by Type of Customer Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
No data prior to fiscal year 2019
231 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:08 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022254 Note: May not total due to rounding.

Source
* City and County of San Francisco Financial System and San Francisco Public Utilities Commission Audited Financial Statements. ** San Francisco Public Utilities Commission Customer Care and Billing System. Fiscal year 2015 and prior was Moccasin meter readings.

Demographic & Economic Information
Historical Hetchy Water Sales
Fiscal Years Ended 2013 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Sales*
Groveland Community Services District $ 157,635 151,969 121,840 163,525 168,757 168,377 147,448 160,626 188,208 155,032 Lawrence Livermore 2,035,808 2,037,396 1,787,240 1,836,447 211,771 630,097 132,893 36,863 2,627,028 3,214,043 State of California 7,415 7,875 8,960 9,429 11,430 13,625 13,392 13,139 11,135 12,422 Other Residential Customers 11,581 15,165 13,391 14,368 15,680 14,726 7,943 1,425 3,469 3,979 Water Assessment 35,071,901 33,309,058 36,800,000 36,600,000 34,600,000 32,600,000 33,578,000 34,585,000 44,149,000 45,815,000 Total sales $ 37,284,340 35,521,463 38,731,431 38,623,769 35,007,638 33,426,825 33,879,676 34,797,053 46,978,839 49,200,476 Consumption (hundred cubic feet)**
Groveland Communit
y Services District 210,561 200,328 156,801 161,249 154,319 166,624 143,437 158,037 188,595 151,839 Lawrence Livermore 398,026 376,662 307,606 282,531 28,389 81,029 14,267 2,543 266,323 298,585 State of California 3,466 3,026 1,174 1,230 1,302 1,459 1,346 1,235 960 996 Other Residential Customers 2,209 2,749 2,248 2,152 2,085 1,803 1,986 2,454 2,258 2,105 Total consumption 614,261 582,764 467,829 447,162 186,095 250,915 161,036 164,269 458,136 453,525 Demographic & Economic Information
Historical Hetchy Water Sales
Fiscal Years Ended 2013 to 2022
232 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:12 PM $10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
50,000
150,000
250,000
350,000
450,000
550,000
650,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Sales (in dollars)
Consumption (in hundred cubic feet)
Fiscal Year
Historical Consumption vs. Sales Revenues
Consumption Sales Revenues
232 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:13 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022255 Demographic & Economic Information
Historical Hetchy Power Electric Sales
Fiscal Years Ended 2013 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Sales (Megawatt hours)
General Fund Rate Subsidized ~~ 365,234 367,904 359,519 373,114 366,880 375,327 366,867 348,157 303,588 331,968 Enterprise Rate ~~ 484,628 493,254 487,869 495,272 484,070 471,554 477,477 452,951 404,810 422,200 Wholesale market power sales# 131,200 2,400 — 9,520 29,050 15,900 — 84,574 110,043 — Modesto/Turlock Irrigation Districts 227,544 103,489 115,026 377,981 152,321 46,651 — — — — Non-city Agencies* 116,996 117,289 101,605 99,568 95,297 112,157 146,527 133,805 128,945 132,250 Moccasin/City of Riverbank 7,808 9,206 25,472 30,451 9,114 9,650 8,235 7,220 7,672 20,939 Total sales 1,333,410 1,093,542 1,089,491 1,385,906 1,136,732 1,031,239 999,106 1,026,707 955,058 907,357 Purchases ** 38,702 76,905 45,465 113,154 808 188,052 157,227 58,477 6,598 6,505 Generation ~ 1,312,446 1,032,589 988,649 1,532,068 1,726,072 1,302,461 1,212,348 1,287,848 973,802 1,221,772 Total purchases/generation 1,351,148 1,109,494 1,034,114 1,645,222 1,726,880 1,490,513 1,369,575 1,346,325 980,400 1,228,277 Banked/(Withdrawal) 6,707 17,102 78,391 — — — — — — —
Sales (Dollars in thousands) ***
General Fund Rate Subsidized ~~ $ 13,330 15,006 18,125 22,151 23,668 26,591 28,766 28,990 28,095 34,154 Enterprise Rate ~~ 52,955 60,766 65,022 65,897 67,627 67,598 73,224 74,895 68,696 81,707 Wholesale market power sales# 5,143 127 — 157 755 688 — 2,780 468 — Modesto/Turlock Irrigation Districts 6,538 3,431 4,488 13,634 7,700 2,612 — — — — Non-city Agencies * 14,815 16,305 14,628 15,610 16,350 19,359 23,258 22,255 22,902 24,753 Moccasin/City of Riverbank 486 607 1,100 1,095 550 577 539 625 887 2,377 Total sales $ 93,267 96,242 103,363 118,544 116,650 117,425 125,787 129,545 121,048 142,991 Purchases ** $ 2,494 4,408 2,045 5,546 1,859 8,671 11,832 7,381 6,271 6,430 Number of meters
Electric 2,257 2,271 2,305 2,627 3,068 3,547 3,747 4,077 5,385 5,110 Demographic & Economic Information
Historical Hetchy Power Electric Sales
Fiscal Years Ended 2013 to 2022
◊
◊
⌂
233 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:14 PM *Non-city Agencies include electric retail and municipal customers such as Moscone tenants, Exploratorium, and Yerba Buena Gardens. **Purchases include Western Systems Power Pool (WSPP), Spot Market with Modesto Irrigation District, Sunset Reservoir Photovoltaic generation.

Decrease in fiscal year 2017 was due to no purchases with WSPP. ***Sales in dollars do not include utility and surcharge taxes. ~Includes cogeneration and all in-city solar generation. Generation is generic for all electricity production/output. Cogeneration is specific to the combustion turbines at the Southeast treatment plant.
~~The breakdown for City Agencies is grouped per budget schedule. @Starting fiscal year 2021, 3rd party sale for attributes is added but is not part of the Total average sale per KWh. #No sales in fiscal years 2015 and 2019 due to no excess power for sale. WSPP includes only energy sales. ⌂Closure of the energy bank with PG&E in fiscal year 2015. ◊Purchase agreement ended in December 2017.

Source: San Francisco Public Utilities Commission Power Enterprise Billing System and starting fiscal year 2021, Customer To Meter Billing System.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022256 Demographic & Economic Information
Historical CleanPowerSF Electric Sales
Fiscal Years Ended 2016 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Power Sales (Megawatt hours)*
Residential 163 148,220 233,515 433,541 1,236,988 ^ 1,295,948 1,217,861 Commercial
Small Commercial Service 14,985 111,618 116,296 484,704 463,977 398,230 411,281 Medium Commercial Service 14,129 92,718 88,924 417,703 402,651 331,389 362,464 Large Commercial Service 12,999 93,968 118,327 797,052 870,886 853,230 869,320 Agricultural — 42 1,293 6,043 6,004 7,453 8,835
Street and Outdoor Lighting — — 38 1,452 1,515 1,477 1,467 Commercial Subtotal 42,113 298,346 324,878 1,706,954 1,745,033 1,591,779 1,653,367 Total Power Sales 42,276 446,566 558,393 2,140,495 2,982,021 2,887,727 2,871,228 Sales (Dollars in thousands)*
Residential $ 14 10,782 15,993 30,787 102,434 ^ 98,172 109,135 Commercial
Small Commercial Service 1,226 8,649 8,716 38,830 38,314 29,289 36,411 Medium Commercial Service 1,386 7,278 6,809 34,254 33,505 24,516 33,369 Large Commercial Service 1,109 6,860 8,611 62,595 67,963 58,170 74,068 Agricultural — 3 59 329 326 366 581
Street and Outdoor Lighting — — 3 113 105 91 111
Commercial Subtotal 3,721 22,790 24,198 136,121 140,213 112,432 144,540 Total Sales $ 3,735 33,572 40,191 166,908 242,647 210,604 253,675 Average Sale (in Dollars per Kilowatt hour)
Residential $ 0.08334 0.07274 0.06849 0.07101 0.08281 0.07575 0.08961 Commercial
Small Commercial Service 0.08181 0.07749 0.07495 0.08011 0.08258 0.07355 0.08853 Medium Commercial Service 0.09812 0.07850 0.07657 0.08201 0.08321 0.07398 0.09206 Large Commercial Service 0.08530 0.07300 0.07277 0.07853 0.07804 0.06818 0.08520 Agricultural — — 0.04563 0.05444 0.05430 0.04911 0.06576 Street and Outdoor Lighting — — — 0.07782 0.06931 0.06161 0.07566 Commercial Subtotal 0.08836 0.07639 0.07448 0.07974 0.08035 0.07063 0.08742 Total Average Sales $ 0.08834 0.07518 0.07198 0.07798 0.08137 0.07293 0.08835 Demographic & Economic Information
Historical CleanPowerSF Electric Sales
Fiscal Years Ended 2016 to 2022
Data not available -
CleanPowerSF launched in
May 2016.
234 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:18 PM ^Large increase in residential is due to completion of citywide enrollment. **Starting FY2020, the sales dollar data is based on audited financial statements.

Source: *CleanPowerSF Management Reports.

Statistical Section
Operating Information
Budgeted Full-Time Equivalent (FTEs) Employees by Division Operating and Capacity Indicators
Capacity Charge Revenues and Expenses
Major Water Wholesale, Retail and Sewer Customer Accounts by Revenue
Major Electric Retail and Wholesale Customer Accounts by Revenue Performance Measures
Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022258 Operating Information
Budgeted Full-Time Equivalent (FTEs) Employees by Division Fiscal Years Ended 2013 to 2022
Enterprises and Bureaus 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Water Enterprise
City Distribution & Water Administration 260 259 260 268 276 291 304 307 300 314 Natural Resources 81 81 82 82 84 85 86 87 89 91
Water Quality 76 76 76 81 82 83 85 85 85 86
Water Resources 25 25 24 24 23 23 23 23 22 23
Water Supply & Treatment 236 236 229 229 232 232 229 229 231 239 Total Water 678 677 671 684 697 714 727 731 727 753
Wastewater Enterprise
Administration 12 12 11 14 12 12 12 13 12 18
Source Control* & Wastewater Labs 66 66 66 66 65 66 59 60 59 58 Environmental Engineering 50 51 53 53 54 54 58 58 59 60 Maintenance 146 147 141 141 137 138 135 135 141 149
Bayside Operations 117 117 114 115 114 114 111 113 112 112 Planning & Regulation 43 43 47 47 46 47 46 46 32 33
Sewer Collection Operations 51 51 51 51 51 51 59 59 63 65 Total Wastewater 485 487 483 487 479 482 480 484 478 495 Hetch Hetchy Water and Power Enterprise
Hetchy Water
Water Project Operations 195 195 201 207 203 206 211 216 217 218 Hetchy Power**
Energy Services 30 30 30 30 29 30 27 28 — —
Long Range Planning & Light, Heat, and Power 53 53 51 51 52 52 54 54 109 111 Power Administration 23 23 23 23 20 21 21 21 — —
Subtotal Hetchy Power 106 106 104 104 101 103 102 103 109 111 Total Hetch Hetchy Water and Power 301 301 305 311 304 309 313 319 326 329 CleanPowerSF
Administration
9 11 13 19 26 36
Total CleanPowerSF 9 11 13 19 26 36
Bureaus
Business Services Admin, AIC#, and Financial
Services 70 70 71 71 73 73 73 73 72 74
Customer Services 106 106 106 106 103 103 104 104 103 103 Communications 22 22 22 22 22 22 21 21 21 21
General Manager and Others ^ 13 13 11 11 12 13 18 19 21 28 Strategic Planning, Real Estate Services, and
Community Benefits 17 18 18 18 18 18 17 17 22 23
Human Resource Services 57 57 58 59 58 58 58 58 62 69
Information Technology Services 74 74 78 78 78 78 78 78 79 81 Infrastructure 369 368 384 389 385 385 380 376 377 374 Total Bureaus 728 728 748 754 749 750 749 746 757 773
Total SFPUC annually budgeted positions 2,192 2,193 2,207 2,236 2,238 2,266 2,282 2,299 2,314 2,386 Annual Salary Ordinance Positions (AAO) ~ 2,404 2,404 2,430 2,456 2,473 2,493 2,542 2,557 2,599 2,657 Operating Information
Budgeted Full-Time Equivalent (FTEs) Employees by Division Fiscal Years Ended 2013 to 2022
Data not available - CleanPowerSF launched in May
2016.
~
235 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:19 PM *Fiscal year 2014 and prior is known as BERM, acronym for Bureau of Environmental Regulation Management. **Beginning fiscal year 2021, Hetchy Power positions are reported under Long Range Planning and Light, Heat, and Power. #AIC is acronym for Assurance and Internal Controls. Effective Feb 2019, AIC was realigned to two teams: 1. Audit and Compliance and 2. Strategy, Innovation and Change.
^FTEs were added for Security in fiscal year 2011 and Enterprise Workforce Planning in fiscal year 2017. ~AAO includes temporary positions and attrition.

Source: Annual Salary Ordinance.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022259 Operating Information
Water Operating & Capacity Indicators
Fiscal Years Ended 2013 to 2022
Water 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Water mains (miles)^^ 1,240 1,240 1,240 1,718 1,717 1,718 1,719 1,719 1,719 1,719 Water main breaks repaired 113 116 97 136 102 133 168 142 161 191 New service installations 350 1,144 837 710 1,162 733 628 610 543 428 Meter installed and replaced 994 1,030 1,360 1,395 2,209 1,888 1,699 1,817 1,835 718 Responses to fire alarms 37 28 22 20 20 24 13 12 16 14
Production and Consumption (millions of gallons)#
Water production 79,935 80,582 69,553 64,454 68,995 73,330 71,272 75,034 73,767 68,271 Average daily production 219 221 191 176 189 201 195 205 202 187 Maximum daily production 302 300 255 242 283 272 275 277 274 237 Water consumption 78,665 79,425 69,284 61,932 63,706 69,331 67,319 69,934 68,812 66,005 Average daily consumption 215.6 217.7 189.9 169.2 174.6 190.0 184.5 190.9 188.6 180.8 Watershed area (acres)
Alameda 37,314 37,314 37,314 37,314 37,314 37,314 37,314 38,306 38,306 38,944 Peninsula 22,854 22,854 22,854 22,854 22,854 22,854 22,854 22,854 22,854 22,854 Total 60,168 60,168 60,168 60,168 60,168 60,168 60,168 61,160 61,160 61,798 Reservoir storage (millions of gallons)**
Calaveras@ 6,337 5,488 6,491 8,774 11,986 8,220 13,026 20,390 19,170 19,533 Crystal Springs 17,191 16,707 17,380 17,103 17,385 16,192 17,015 16,940 16,711 16,251 Pilarcitos 864 815 767 783 872 773 838 849 622 776
San Andreas 5,622 5,603 5,626 5,786 5,935 5,587 5,483 5,381 5,123 5,113 San Antonio 13,456 13,579 14,433 14,927 14,576 13,263 14,835 14,434 14,917 14,587 Total 43,470 42,192 44,697 47,373 50,754 44,035 51,197 57,994 56,543 56,260 Treatment plant average capacity (millions of gallons)
Harry Tracy 26.0 21.2 29.3 35.9 45.3 33.2 38.0 34.7 31.7 29.9 Sunol Valley 22.3 10.0 16.9 27.0 39.6 16.5 26.1 11.1 6.9 22.6 Total 48.3 31.2 46.2 62.9 84.9 49.7 64.1 45.8 38.6 52.5 Operating Information
Water Operating & Capacity Indicators
Fiscal Years Ended 2013 to 2022
^
***
^
236 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:24 PM *The increase in fiscal year 2012 included approximately 3.5 miles of pipe that was installed as part of the Mission Bay development project. **In addition to these regional reservoirs, San Francisco Public Utilities Commission has In-city system storage capacity of 413 million gallons (value revised based on current reservoir storage operation limits). ***The decrease in fiscal years 2014, 2018, 2020 and 2021 was due to a reduction in treating local reservoir water (Calaveras and San Antonio) in favor of increasing use of Hetchy Water which was not filtered at the plant. Increasing Hetchy Water use reduced treatment costs and conserved local supplies.
^The increase in fiscal year 2016 included the suburban mains of 245.9 miles, upcountry mains of 229.5 miles and an increase of approximately 2.8 miles of pipe that was installed as part of the Mission Bay, Candlestick Point and Hunter’s View project. The decrease in fiscal year 2017 is mainly related to Pilarcitos Aqueduct.
^^Starting fiscal year 2016, water mains (miles) include suburban. @The Increase of water in the reservoir storage started in fiscal year 2019 due to the completion of the new Calaveras dam. #Consumption data updated from fiscal years 2012 to 2014 and 2020.

Source: Water Monthly Operating Report, Hetch Hetchy Capital Outlays Summary, Treatment Plant Influent Flow and Sewer Service Charge Calculation Reports.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022260 Operating Information
Wastewater, Hetchy Water and Hetchy Power Operating & Capacity Indicators Fiscal Years Ended 2013 to 2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Wastewater
Collection System pipes (miles)@ 1,123 1,125 1,131
Sanitary sewers (miles)@ 993 993 993 993 993 993 993 N/A N/A N/A Transport/storage sewers (miles)@ 24 17 17 17 17 17 17 N/A N/A N/A Sewer breaks repaired 927 861 1,663 1,520 1,481 912 819 810 531 920 Inspection performed (miles) 135 90 156 80 93 135 215 191 61 56 Sewer replaced (miles) 20.6 12.8 14.9 19.5 13.6 11.0 11.4 15.2 8.9 3.8 Responses to customer calls 7,124 8,697 16,190 10,863 8,260 8,410 7,885 8,510 6,779 6,929 Treatment plant/ facilities average daily flow
(millions of gallons per day)
Oceanside plant 16.5 15.4 15.6 16.0 18.4 15.3 16.5 14.5 13.9 13.9 North Point plant 4.8 3.1 4.7 7.1 11.8 2.7 4.2 1.1 0.9 2.4 Southeast plant 67.0 66.4 64.4 65.4 74.7 61.9 70.2 56.1 48.7 52.2 Yerba Buena & Treasure Island 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.3 0.3 0.3 Total 88.6 85.2 85.0 88.8 105.2 80.2 91.3 72.1 63.8 68.8 Hetchy Water
Watershed area (square miles)
Hetch Hetchy 459 459 459 459 459 459 459 459 459 459
Lake Eleanor 79 79 79 79 79 79 79 79 79 79
Lake Lloyd (Cherry) 114 114 114 114 114 114 114 114 114 114 Total 652 652 652 652 652 652 652 652 652 652
Reservoir storage (millions of gallons)*
Hetch Hetchy 117,359 114,354 110,745 117,424 111,755 117,231 113,020 116,653 101,808 115,948 Lake Eleanor 7,671 7,731 7,731 8,677 7,610 8,186 8,677 8,398 8,429 8,614 Lake Lloyd (Cherry) 85,358 72,627 64,025 88,478 77,951 83,067 87,829 86,332 82,150 85,989 Total 210,388 194,712 182,501 214,579 197,316 208,484 209,526 211,383 192,387 210,551 Hetchy Power
Hydroelectric generation (megawatt hours)
Holm 533,719 382,689 436,499 654,952 919,492 431,659 508,060 538,201 339,180 535,177 Kirkwood 440,950 318,379 283,922 528,724 482,996 510,888 401,779 422,278 328,410 390,066 Moccasin 327,054 320,577 255,778 338,005 319,691 356,004 295,766 325,194 304,325 294,705 Moccasin Low-Head # 2,775 22 — 1,359 — — — — — —
Total 1,304,498 1,021,667 976,199 1,523,040 1,722,179 1,298,551 1,205,605 1,285,673 971,915 1,219,948 Operating Information
Wastewater, Hetchy Water and Hetchy Power Operating & Capacity Indicators Fiscal Years Ended 2013 to 2022
⌂
**** ^^ **
Data not available FY2019 and prior
237 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:26 PM @Starting FY2020, sanitary sewers and Transport/storage sewers is Included in the Collection System pipes category, which includes combined storm and sanitary collection system pipes, sewer mains, transport/storage boxes, other storage structures, and tunnels. *In addition to these regional reservoirs, San Francisco Public Utilities Commission has In-City System Storage Capacity of 413 million gallons (value revised based on current reservoir storage operation limits). ⌂The decrease in fiscal year 2017 was mainly due to repair work at Lake Lloyd. **The decrease in fiscal years 2014, 2015 and 2018 was mainly due to the dry year condition which resulted in less water available for hydroelectric generation.
#Moccasin Low-Head was out of service in fiscal years 2015, 2017- 2022. ^The increase in fiscal years 2016 and 2017 was due to higher precipitation and lower water bank.

Source: Wastewater Monthly Operating Report, Hetch Hetchy Capital Outlays Summary, Treatment Plant Influent Flow, and Sewer Service Charge Calculation Reports.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022261 Operating Information
Water and Wastewater Capacity Charge Revenues & Expenses Fiscal Year Ended 2021 to 2022
(Dollars in Thousands)
2021 2022
Percent of Total
Project Annual
Spending
2023
Expense
Budget
Water
Beginning Balance $ 6,584 7,236
Revenues 1,315 2,045
Capacity Charges 1,326 2,163
Interest Earnings^ (11) (118)
Expenses 663 262
Local Water Conveyance/Distribution 274 — 0.0% —
Pipeline Replacement 389 262 0.5% 3,134
SF Controller Oversight — — 0.0% 4
Ending Balance $ 7,236 9,019
Wastewater
Beginning Balance $ 13,713 15,785
Revenues 3,703 5,856
Capacity Charges 3,710 6,280
Interest Earnings^ (7) (424)
Expenses 1,631 529
Collection System Renewal & Replacement 1,631 529 1.9% 12,010 Treatment Facilities Renewal & Replacement — — 0.0% 21
SF Controller Oversight — — 0.0% 12
Ending Balance $ 15,785 21,112
Operating Information
Water and Wastewater Capacity Charge Revenues & Expenses Fiscal Year Ended 2021 to 2022
(Dollars in Thousands)
*
Data provided meets Government Code, Section 66013, https://leginfo.legislature.ca.gov . *Fiscal year 2021 is first year of presentation.
^Negative interest earnings due to unrealized loss reported per GASB 31.

Source: San Francisco Public Utilities Commission Water Sewer System.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022262 Operating Information
Major Water and Sewer Customer Accounts by Revenue
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Customer Type 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Water Wholesale Customers
California Water Service Company $ 47,655 47,436 46,911 48,792 57,541 63, 489 60,859 66,944 67,781 64,447 Hayward Municipal Water System 21,475 21, 193 21,475 21,475 28,613 32,316 31,103 31,518 32,130 30,880 City of Palo Alto 16,389 15,855 15, 743 16,946 19,975 21,985 21,134 21,773 21,705 21,323 Alameda County Water District 13,274 16,141 13,213 13,847 14,366 16,947 16,849 17,609 21,089 20,509 City of Sunnyvale 13,767 12,201 12,885 15,600 17,810 21,265 19,800 21,029 21,460 19,768 City of Redwood City 13,488 12,847 13, 151 14,661 17,169 18,781 18,190 19,408 18,948 17,758 City of Mountain View 13,059 12,691 12, 407 13,750 15,340 16,791 16,248 16,790 17,415 16,358 City of Milpitas 9,267 9,311 8,612 9,389 10,722 11,509 11,494 13,284 11,897 10,997 ESD/San Jose Municipal Water System 6,494 6,512 7,185 8,222 9,307 10, 182 9,652 9,576 9,410 8,940 Estero Municipal Improvement District N/A 5,709 6,384 7,216 9,307 9,475 9,015 9,576 9,470 8,630 Water Retail Customers
San Francisco International Airport 2,938 3,046 3,095 3,220 3,907 4, 452 4,880 4,748 3,685 4,420 Lawrence Livermore National Laboratory N/A N/A N/A 1,836 211 631 133 N/A 2,636 3,214 Recreation & Parks Department N/A N/A 878 578 1,393 1,397 1,353 2,679 2,481 2,927 Parkmerced Investors Properties, LLC 1,082 1,311 1,393 1,449 1,678 1, 840 2,088 2,372 1,878 2,615
University of California, San Francisco 1,318 1,364 1,100 1,435 1,534 1,689 1,694 2,185 2,304 2,529 NASA Shared Services Center (NSSC) 1,548 1,551 1,484 1,347 1,741 2, 514 2,243 2,481 2,924 2,399 Golden Gate National Cemetery N/A N/A 649 839 836 946 900 1,320 1,557 1,663 Public Health Department 624 628 672 808 1,040 1,168 1,157 1,318 1,223 1,261 The Presidio N/A 376 505 272 367 756 566 1,273 1,840 991 Menlo Country Club N/A N/A 639 785 785 833 786 951 1,012 859 Sewer Retail Customers
Parkmerced Investors Properties, LLC 1,921 2,281 2,326 2,248 2,493 2, 790 3,098 3,477 2,779 3,878
University of California, San Francisco 2,120 2,078 1,882 2,266 2,068 2,360 2,414 2,852 3,068 3,378 Public Health Department 941 897 647 1,041 1,334 1,547 1,461 1,635 1,513 1,091 1169 Market 701 671 607 579 640 743 694 614 651 894
Recreation & Parks Department N/A 566 308 332 391 431 418 482 574 893 San Francisco State University N/A 601 601 618 648 860 810 803 496 804 Bayside Village N/A 315 325 477 461 525 569 641 701 795 NRG Energy Center San Francisco 819 779 782 874 926 970 1,043 889 653 632 The Stonestown Properties N/A N/A N/A N/A N/A 595 722 761 831 617 1231 Market Street Owner LP N/A N/A N/A N/A N/A N/A N/A 298 523 593 Operating Information
Major Water and Sewer Customer Accounts by Revenue
Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
*
*
239 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:29 PM N/A - No sales in the fiscal year or data not available Highlighted data were not part of major customers for the fiscal year. * Parkmerced Investor Properties, LLC included a prior year billing adjustment.

Source: San Francisco Public Utilities Commission Water Sewer System, and Customer Care and Billing System.

Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022263 Operating Information
Major Electric Retail and Wholesale Customer Accounts by Revenue Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
* Reflects reduced power generation and power available for sale. ** Updated to reflect latest data.
# Excludes sales to CleanPowerSF and CAISO.

N/A - No sales in the fiscal year or data not available.

Highlighted data were not part of major customers.

Source: San Francisco Public Utilities Commission Power Enterprise Billing System and starting fiscal year 2021, Customer To Meter Billing System.

Customer Type 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Retail Customers
San Francisco International Airport $ 33,244 39,199 41,614 42,687 43,070 43,434 44,574 46,248 41,626 51,110 SFPUC - Wastewater Enterprise 8,180 8,861 9,748 9,847 10,397 9,979 10,687 10,531 10,522 10,898 SFPUC - Water Enterprise 8,009 8,582 8,640 7,954 8,950 8,592 9,369 9,831 10,130 10,796 Municipal Transportation Agency 4,805 5,403 6,466 7,631 8,193 8,594 8,249 7,758 6,353 9,607 Administrative Services Agency 2,508 3,025 4,386 5,419 5,442 5,743 9,739 9,919 8,707 9,356 Department of Public Health 983 1,319 1,878 2,842 3,125 3,470 4,837 5,228 5,723 6,358 Port of San Francisco 1,369 1,563 1,971 1,941 1,983 2,294 2,236 2,061 1,639 3,156 San Francisco Unified School
District 1,444 1,588 1,864 2,214 2,285 2,394 2,252 2,193 1,929 3,068 San Francisco Public Library** N/A 703 773 860 887 1,340 1,679 1,682 1,601 1,909 City-owned Parking Garages 1,689 1,780 1,876 1,910 1,924 1,960 1,857 1,524 1,368 1,618 Wholesale Customers
CleanPowerSF $ N/A N/A N/A 367 1,893 3,501 3,026 339 2,456 1,589 Western Systems Power Pool #
5,143 127 N/ A 50 237 668 N/ A 2,780 1 —
Modesto Irrigation District 2,283 1,879 2,666 6,345 8,003 2,422 N/ A N/A N/A N/A Turlock Irrigation District 5,100 3,263 3,331 8,615 387 N/ A N/A N/A N/A N/A Operating Information
Major Electric Retail and Wholesale Customer Accounts by Revenue Fiscal Years Ended 2013 to 2022
(Dollars in Thousands)
Data not available - CleanPowerSF
launched in May 2016.
*
*
*
239 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:33 PM $0
$16,000
$32,000
$48,000
$64,000
$80,000
$96,000
$112,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Dollars in Thousands
Fiscal Year
Electric Retail and Wholesale Revenue
Retail
Turlock Irrigation District and Modesto Irrigation District Western Systems Power Pool
CleanPowerSF
239 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:36 PM Statistical Section | San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022264 Operating Information
Performance Measures
Fiscal Year 2022
Target Projection Actual

1. Reliable Service and Assets
Number of dry weather main sewer overflows per 100 miles of main sewer <2.6 1 1.2 Percent of in-city service connections without water for more than 4 hours due to an unplanned outage 0.10% 0.05% 0.00%
Percent of streetlight outages complying with 48-hour SFPUC response goal; complex streetlights evaluated 100.0% 100.0% 100.0%
System renewal and replacement rates for in-City water distribution mains 11.5 miles 7.5 miles 4.2 miles System renewal and replacement rates for Wastewater pipelines 15miles/year

1.6% 13.5 miles 13 miles

2. Organizational Excellence
Number of employees over the maximum permissible overtime threshold (25% of straight time)

0.0 2.0 16.0

3. Effective Workforce
Number of promotions 168 175 229
Time to hire (days) 233 269 289

4. Financial Sustainability
Average residential Power bill as a percent of median income in San Francisco 0.69% 0.76% 0.72%
Average residential Wastewater bill as a percent of median income in San Francisco 0.85% 0.84% 0.84%
Average residential Water bill as a percent of median income in San Francisco 0.70% 0.69% 0.69%
Operating cost coverage (total operational revenues/total operating costs) for Power 0.97 1.03 1.20 Operating cost coverage (total operational revenues/total operating costs) for Wastewater 1.91 1.79 1.87
Operating cost coverage (total operational revenues/total operating costs) for Water 1.91 1.84 1.91 Power debt service coverage - Indentured Coverage 1.35x N/A 38.45 Wastewater debt service coverage - Indentured Coverage 1.35x N/A 3.59 Water debt service coverage - Indentured Coverage 1.35x N/A 1.47

5. Stakeholder and Community Interest
Number of adults and children who have participated in transformative engagement through SFPUC sponsored education programs 4,600 3,000 2,533 Percent of eligible customers enrolled in California Alternate Rates for Energy (CARE) for CleanPowerSF Customers 80.0% 85.0% 81.0%
Percent of Eligible electric customers receiving low-income discount rate 90.0% 85.0% 46.0% Percent of eligible households enrolled in Community Assistance Program (CAP) 4.84% 8.98% 9.93% Percent of retail customers rating the SFPUC as "good" or better on a customer survey 90.0% 89.0% 89.0%

6. Environmental Stewardship
Average water used by San Francisco residential customers (Gallons Per Capita Per Day - gpcd) 50.0 40.7 43.1
Gallons of stormwater removed annually from the combined sewer system by green infrastructure 107 million gallons 242 million gallons 240 million gallons Percent of biogas going to beneficial uses - Oceanside Plant 75.0% 0.0% 0.0% Percent of biogas going to beneficial uses - Southeast Plant 55.0% 47.0% 44.0% Percent of CleanPowerSF customer account retention rate 90.0% 95.5% 96.0% Percent of water supplied by alternative sources to system as a whole 3.40% 3.90% 3.60% Operating Information
Performance Measures
Fiscal Year 2022
240 | San Francisco Public Utilities Commission Comprehensive Annual Financial Report FY 2019 2/8/2023 3:37 PM Source: Agency Strategic Plan
| San Francisco Public Utilities Commission Annual Comprehensive Financial Report FY 2022265

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Project Team Acknowledgements
Nancy L. Hom
Chief Financial Officer
Assistant General Manager, Business Services
I n c u m b e n t Charles Perl
Deputy Chief Financial Officer D eputy Chief Financial Officer

DIVISIONAL LEADERSHIP
Brendan Conran, Financial Reporting Director V ivian Ai Yi Chen, Accounting Services Director Joey Tse, Manager, Hetchy Power, CleanPowerSF H oward Huang, Accounting Operations Manager Ying Yan, Manager, Water, Hetchy Water, and Wastewater S anda Thaik, Capital Projects/Fixed Assets Accounting Manager Susan Quan, Principal Analyst, Audits & Financial Reports M atthew Low, Finance Project Management Lead

FINANCIAL SERVICES STAFF
Allen Cheuk F rancis San Felipe M aggie Davenport S erena Jiang Amy Zhao H olly Jung M aria Hernandez T iffany Lam Candice Leung J ane Cruz M eici Chan W ai Ling Chan Luk (Cathleen) Cherry Sun J ason Chui M ichael Fenton W ing Lui
Christy Huey Ji ewen Tan M ichael Sawyer Y an Chen Constance Smith J oanne Huang N icholas Martin Y an Zhu Cynthia Papillon J oyce Chan O lena Volynets Y vonne Cheung Dante Mendoza K enneth Pang R ita Kong
David Yeung K im Tran R ossi Chan Budget Division Edward Huang L inwan Lu R ussell Valles Capital Finance Division Eva Costiniano-Jones L olita Cristobal S andy Chen Financial Planning Division Evelyn Diolazo L ucie Chow S aul Beltran

DESIGN AND CONTENT CONTRIBUTORS
External Affairs
Masood Ordikhani, Assistant General Manager
Communications Division
John Cote, Director
Cindy Chu, Manager
Alina Chetcuti
Anthony Cauilan
Joseph Sweiss
Robin Scheswohl
Roi Esguerra
Sabrina Wong
Tran Nguyen
Community Benefits Division
Power Enterprise and CleanPowerSF
Barbara Hale, Assistant General Manager
CleanPowerSF
Operations
Programs and Planning
Infrastructure
Stephen Robinson, Assistant General Manager
Construction Management Bureau
Real Estate Division
Water Enterprise
Steve Ritchie, Assistant General Manager
City Distribution Division
Hetch Hetchy Water
Natural Resources & Lands Management
Water Quality Division
Water Supply & Treatment
Wastewater Enterprise
Greg Norby, Assistant General Manager
Business Strategy and Performance
Collections System Division
Business Services
Nancy L. Hom, CFO and Assistant General Manager
Customer Service Bureau
Information Technology Services
Strategy, Innovation, and Change
Human Resources
Wendy Macy, Chief People Officer
Employment Life Cycle
City and County of San Francisco, Office of the Controller Ben Rosenfield, Controller
Todd L. Rydstrom, Deputy Controller

To provide our customers with high-quality, efficient and reliable water, power and sewer services in a manner
that values environmental and community interests and
sustains the resources entrusted to our care.

Our mission
San Francisco Public Utilities Commission
An Enterprise Department of the City and
County of San Francisco, California
Cover photos: Southeast Wastewater Treatment Plant: Biosolids Digester Facilities Project
Back photo: San Francisco Aquatic Park, Southeast Wastewater Treatment Plant: Flowers at the plant
Photos by: Robin Scheswohl and Sabrina Wong
Communications Division
Date of Publication: February 2023

Financial Services
525 Golden Gate Avenue, 4th Floor
San Francisco, CA 94102-3220
sfpuc.org

CleanPowerSF Sfpuc CommissionMarch 14, 2023

CleanPowerSF Sfpuc Commission
March 14, 2023