and i believe meghan was misspelled and nancy hom is correct in seat number four. again, i support all three appointees and look forward to their continued service on the treasury oversight committee. thanks for listening. >> public comment is now closed. >> okay. i would, colleagues, like to make a motion to amend all three motions by removing in the long title the word reject and at line three and at line 17 in the moved clause, remove the word reject. i note that the subject resolution for ms. wallace has the name spelled correctly in the resolution. on that motion, a roll call to amend all three items to have them only read approving and approves. a roll call please. [roll call vote] >> the motion passes without objection. >> i will motor vehicle a motion to be send all three items with recommendation to the board of supervisors. roll call please. >> yes, on that motion. supervisor chan. >> yay. >> chan, aye. >> vice chair mandelman. >> aye. >> mandelman, aye. >> chair peskin. >> aye. >> peskin, aye. >> the motion passes without objection. >> please read items

. >> good afternoon commissioners this is nancy hom i am the director of puc commission control. are based senior management are done internally. the agency values these activity and takes into consideration all recommendation that is made by visiting auditors. >>> are highlighted executive summary report had a total of 42% of individual cooperation. as we continue throughout this year this may continue to increase as we continue with our plan and with individual audits. we had completed audits this past quarter of a total of 17% in total. this present quarter shifted more towards a national audit, this is a result of recent conditions in our financial statement and are financial market. >>> again of the 8 projects that were completed in order and in addition to the financial audits the following were completed. the data processing for the trade year. as previously reported in the previous commission meeting those evaluation of lessons learned in the wsip and applied by ssip i kevin shenk. and finally the citywide procurement assessment and no recommendations were made regarding

nancy hom. i'm joined here today by my colleague lisa avis, managing director for kping who will later deliver the second portion of this presentation. i'm pleased to report to the commission that the sfpuc issued its fiscal 2016-2017 audited financial statements on november 8, 2017. this is also the first year that the clean power s.f. program reported its own set of financial statements as a subfund within the hetch hetchy enterprise. kpmg note add clean audit with no material in the financial statements. in summary, the awe to objectives were to obtain reasonable assurance that the financial statements were free of material misstatement, but not to express opinion on the effectiveness of said internal control. they evaluated appropriateness of accounting policies and reasonableness of significant accounting estimates used as well as those presented in the statements. notable highlights include, again, this is the first year for clean power s.f. to present their operating results separately an

my name is nancy hom. today i'm happy to present to you the quarterly performance report for our current fiscal year. our agency finished the second quarter with 34 projects in total? and of this figure, 12 were completed and ten were in progress. the audits that began in d 2 -- [ inaudible ] -- for fiscal year 16-17, and also a political funds compliance analysis for fiscal year 15-16. the randomly selected vendor was alan williams consulting, and the auditor that is performing this is the city auditor. in q-2, we finished seven audits. they're listed here, and they include one for the association of bay area governments, proposition 84 grant audit. here, they reviewed two grants that we received. 1.4 million to partially fund the regional groundwater storage and 200,000 to partially fund the large landscape water conservation program. in november , we issued the audited financial statements for prior fiscal year 16-17 for each of our enterprises, east water, hetch hetchy water, as well as create a green

reechb field, item 36 appoint -- rosenfield, item 36 appoints meghan wallace, and item 37 appoints nancy hom, all to a term ending june 17, 2026. >> president walton: seeing no names on the roster, we will take these items same house, same call, and without objection, these motions are passed unanimously. madam clerk, please call item 39. >> clerk: item 39 is a motion -- this motion was recommended as amended with a new title. this motion approved the mayor's nomination for the appointment of paul woolford to the public works commission for a term ending july 2, 2026. >> president walton: thank you, madam clerk. seeing no one on the roster, we will take this item same house, same call, and without objection, this motion is approved unanimously. madam clerk, please call item number 40. >> clerk: item 40, this motion was amended with a new title. this is a motion approving the president of the board of supervisors shamann walton's nomination for the appointment of alec lemberg to the board of appeals for a four-year term ending july 1, 2024. >> president walton: thank you, madam clerk. i'd lik

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun

my name is nancy hom. i'm chief financial officer and assistant general manager for business services. thank you for spending your morning with us. i'd like to first go over the biannual budget process and extensive work that we've done together as an agency to bring forward this two year budget for these special hearings, this workflow here that you see on this chart is how our budget process, which began over six months ago, in may last year when we opened up our capital planning process to perform a review of current projects. we also did a baseline review of the operating budget, reviewed historic savings, identified key challenges and potential areas for new investment budget instructions were issued in august and the process began to ramp up quickly. each enterprise and bureau made their operating and capital proposals, and then these were then rigorously reviewed in by the finances budget team. the budget proposal continued to weekly steering committee meetings, at which the executive team deliberat

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun

. >> good afternoon commissioners this is nancy hom i am the director of puc commission control. are based senior management are done internally. the agency values these activity and takes into consideration all recommendation that is made by visiting auditors. >>> are highlighted executive summary report had a total of 42% of individual cooperation. as we continue throughout this year this may continue to increase as we continue with our plan and with individual audits. we had completed audits this past quarter of a total of 17% in total. this present quarter shifted more towards a national audit, this is a result of recent conditions in our financial statement and are financial market. >>> again of the 8 projects that were completed in order and in addition to the financial audits the following were completed. the data processing for the trade year. as previously reported in the previous commission meeting those evaluation of lessons learned in the wsip and applied by ssip i kevin shenk. and finally the citywide procurement assessment and no recommendations were made regarding

with that, i'll hand off to nancy hom our chief financial officer laura bush and aaron [indiscernible] financial planning director. they present overview of the four items before you today for approval. over to nancy. >> thank you dennis. good afternoon. my name is nancy hom, chief financial officer. later on laura bush and aaron will present the remaining items for 9, 10 and 11. this budget capital financial plans are the product of many hours of hard work by our agency staff over the past 6 months and want to express gratitude for their time and commitment to this process. also like to thank members of the public for their engagement as we appreciate input and insight to our budget and financial capital plans. we are here to adopt items 8-11 on the agenda, which is our biannual operating capital budget, 10 year capital plan and 10 year financial plan. this our agenda today. recap of the budget hearings and commission actions and then revisit our budget priorities. continue with the operating budget summary, capital budget and 10 year capital improvement plan summary and then the 10

. >> good afternoon commissioners this is nancy hom i am the director of puc commission control. are based senior management are done internally. the agency values these activity and takes into consideration all recommendation that is made by visiting auditors. >>> are highlighted executive summary report had a total of 42% of individual cooperation. as we continue throughout this year this may continue to increase as we continue with our plan and with individual audits. we had completed audits this past quarter of a total of 17% in total. this present quarter shifted more towards a national audit, this is a result of recent conditions in our financial statement and are financial market. >>> again of the 8 projects that were completed in order and in addition to the financial audits the following were completed. the data processing for the trade year. as previously reported in the previous commission meeting those evaluation of lessons learned in the wsip and applied by ssip i kevin shenk. and finally the citywide procurement assessment and no recommendations were made regarding

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun

nancy hom to report regularly on the adjustments that we're making at the p.u.c. to address some of the issues that have been raised and to ensure integrity. we have -- okay. next slide. thank you. so just to summarize, you know here are the budget highlights and here's how we believe we've addressed the priorities, as i mentioned, the biggest change in the budget is the additional power purchase and distribution costs. that's $16.7 million. we have just under 2-point -- we have just under 2.9 million for racial equity and shoring up i.t. response. there's 2.5 million for covid response, 4.2 million related to maintenance investments. in addition to the audit manager, we have $2.5 million of existing funds in our city services work order that we can dedicate to a whole audit plan. and then, i think, commissioner moran, you had asked about ensuring that we have proper funding for water supply development and appropriate positions. i just wanted to highlight, they're not necessarily additions, but we have existing funding, $36 million in the capital budget and $8 mi

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun

chair chan, vice chair mandelman and supervisor melgar and-my name is nancy hom, the chief financial officer for sfpuc and assistant general manager for business service. the resolution is to request approval from the board of supervisors to disperse funds total amount of $754.139.82 back to san francisco puc customers. oliver de silva and sunol agpark and alameda county for utility. the history behind this was back in june 2018, pacific gas and electric transferred the electric service account at to the power enterprise of the puc. in 2023, oliver desilva informed the power enterprise it had been charging the tax rate at 7.5 percent instead of the alameda county user utility tax rate of 6.5. asked for refund of the 1 percent it over-paid and when staff investigated the overpayment in addition to charging the wrong tax rate it improperly remitted the taxes to san francisco tax collector instead of alameda county treasurer tax collectser. a similar problem discovered for customer sunol agpark who as a government agency should have been exempt from tax charges. the total amount collect

nancy hom. >> can i have the slides, please? good afternoon president and commissioners. as you are aware the performance [inaudible] sfpuc for the past fiscal year. provides a 12 month historical forward calendar of all praunlect squz highlights, the breath and depth of oversight [inaudible] takes into consideration our recommendation made by auditors and agencies. we fenshed 2014/15 with 65 individual assurance projects. 22 audits and projects completed by [inaudible] with 29 pregress and 17 scheduled. the majority are performance related [inaudible] compriced of 51 percent of the portfolio. the next largest audit type is financial related and conducted by external [inaudible] in 4th quarter 2 projects were completed, the first is phase one of south east [inaudible] framework. the first phase provided program project models data collection and reporting programs and internal and external audiences. the framework serves to support the program planning and management such as improvement, [inaudible] and also increased transparency, accountability, public awareness and fun