OUR MISSION: 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.
525 Golden Gate Avenue, 13th Floor
San Francisco, CA 94102
T 415.934.5707
F 415.554.1877
Date: September 12, 2023
To: Commissioner Newsha K. Ajami, President
Commissioner Sophie Maxwell, Vice President
Commissioner Tim Paulson
Commissioner Tony Rivera
Commissioner Kate H. Stacy
Through: Nancy Hom, CFO and AGM Business Services
From: Laura Busch, Acting Deputy CFO, SFPUC
SUBJECT: Final Changes to FY 2023-24 Budget since Commission Adoption
This memo is to provide an overview of the final changes to the San Francisco Public Utilities Commission’s FY 2023-24 budget since Commission Adoption on February 14, 2023. The final budget adoption by the Mayor and Board of Supervisors occurred on July 26, 2023.
After Commission approval, the budget went through both the Mayor’s and Board of Supervisors’ phases of budget review and several changes were made, as described below.
FY 2023-24 SFPUC Budget Changes
The total operating budget adopted by the Commission was $1,785,419,481 and the final Board adopted budget is $1,787,522,675 for FY 2023-24. The net change from the Commission adopted operating budget is $2,103,194 for FY 2023-24, or less than 0.5%.
The drivers for the budget increase are as follows:
Change driver Note FY2023-24
Change to the county wide cost
allocation plan (COWCAP) 1 2,445,418
Labor cost changes related to
mandatory fringe benefits 2 1,866,392
Changes to power utility workorders 3 (5,556,143)
Changes to other citywide workorders 4 1,457,553
Change to contribution to fund
balance 5 2,377,708
All other changes 6 (478,734)
Total 2,103,194
Notes
1. The Controller’s Office increased the COWCAP (County Wide Cost Allocation Plan) cost by $2.4M.
2. Increases to Mandatory Fringe Benefits including health and pension costs to reflect updated cost assumptions.
3. Reduction in power utility costs for Water and Wastewater with updated rate and volume assumptions.
4. Workorder increases made during Mayor Phase including adding budget for the SF Fellows program, Central Shops, and Department of Human Resources with offsetting decreases to Risk Management.
5. Increase to the contribution of fund balance due to updated revenue assumptions for Water, Wastewater and CleanPowerSF.
6. Other miscellaneous changes.
No changes were made to the adopted FY 2023-24 capital budget nor the 10 year capital plan.