FILE NO ORDINANCE NO R0#17004 SA#40-4

Transcription

1 FILE NO ORDINANCE NO. 1-1 R0#17004 SA# [Appropriation - Revenue Bonds, Hetch Hetchy Revenue, Cap, and Trade Allowance of $158, 1,530 - Re-Appropriation of $11,332,750, and De-Appropriation of $4,2,02 - Hetch Hetchy Water and Power Capital Improvements - FYs and ] Ordinance appropriating a total of $158, 1,530 of Hetch Hetchy revenue, Cap and Trade Revenue and Power and Water Revenue Bonds for the San Francisco Public Utilities Commission (SFPUC) Hetch Hetchy Capital Improvement Program for FY at $5,0,3 and for FY at $93,0,21; and reappropriation of $11,332,750 in Power Revenue Bonds fund projects in FY ; de-appropriation of $4,2,02 CEC loan and revenue funded projects; and placing $32,483,088 of Power Bonds, $44,234,848 of Water Bonds, and $4,200,000 of Cap and Trade Revenue, by project on Controller's reserve subject to the Controller's certification of funds availability, including proceeds of indebtedness, and for construction related expenditures (excluding program management, planning and design) for these projects, as applicable, is also subject to the prior occurrence of the SFPUC's and the Board of Supervisors' discretionary adoption of California Environmental Quality Act (CEQA) Findings for projects, following review and consideration of completed project related environmental analysis, where required Note: Unchanged Code text and uncodified text are in plain Arial font. Additions to Codes are in single-:underline italics Times New Roman font. Deletions to Codes are in strikethrough italics Times Ne;v Roman f(mt. Board amendment additions are in double-underlined Arial font. Board amendment deletions are in strikethrough Arial font. Asterisks (* * * *) indicate the omission of unchanged Code Subsections or parts of tables. Be it ordained by the People of the City and County of San Francisco: Mayor Lee Page 1

2 'I 1 Section 1. The sources of funding outlined below are herein appropriated to reflect the 2 funding available for Fiscal Year SOURCES Appropriation 5 Fund Index Code I Subobject Description Amount Project Code 7 5T CPF 17A- 2017A *HHP5TCPF17 A I Proceeds From $,717,720 8 Hetchy Water Revenue CUH30000 Sale of Bonds 9 Bonds (Water Bonds) 11 5T AAA ACP - Hetchy UHUHZZZB505T I 9505T Hetch Hetchy $38,270, Continuing Capital CUHZZZOO Revenue 13 Project Fund 15 5T CPF SIM- *HHP5TCPFSIM I Developer $5,937,594 1 Developer Fees CUH1 Mitigation 17 Revenue 19 5T AAAACP- HHPCAPAAAACP/ Cap and Trade $2,0, Cap and Trade CUHCAPOO Revenue 21 Allowance 23 Total SOURCES Appropriation $5,0,3 Mayor Lee Page 2

3 1 Section 2. The uses of funding outlined below are herein appropriated in Subobject Buildings Structures and Improvements, 081C4 Internal Audits, 0700 Revenue Bond 3 Oversight Committee, and Financing Costs and reflects the projected uses of 4 funding to support the Hetch Hetchy Capital Improvement Program at the San Francisco 5 Public Utilities Commission for Fiscal Year USES Appropriation 8 Fund Index Code I Subobject Description Amount 9 Project Code ST AAAACP- S91 I Buildings Streetlight $3,S, Hetchy Continuing CUH8901 Structures and Improvement 12 Capital Project Fund Improvements Program 13 ST AAAACP- S701 I Buildings Distribution $20,000, Hetchy Continuing CUH87001 Structures and Services Retail 1 Capital Project Fund Improvements Customers 17 ST AAAACP- HHPCAPAAAACP/ Buildings Generation - $1,000, Cap and Trade CUHCAPOO Structures and Small 20 Allowance Improvements Renewables 21 ST AAAACP- HHPCAPAAAACP/ Buildings Generation - $0, Cap and Trade CUHCAPOO Structures and Small Hydro I I Allowance Improvements Mayor Lee Page 3

4 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 5T AAAACP- HHPCAPAAAACP/ Buildings Civic Center $300,000 4 Cap and Trade CUHCAPOO Structures and Energy Efficiency 5 Allowance Improvements 7 5T AAAACP- HHPCAPAAAACP/ Buildings General Fund $700,000 8 Cap and Trade CUHCAPOO Structures and Energy Efficiency 9 Allowance Improvements 11 5T AAAACP Buildings Treasure Island $2,0, Hetchy Continuing CUH98001 Structures and Capital 13 Capital Project Fund Improvements Improvements 15 5T AAAACP Buildings Alice Griffith/ $4,000,000 1 Hetchy Continuing CUH8400 Structures and Candlestick Point 17 Capital Project Fund Improvements 19 5T CPF 17A- 2017A HHPX5TCPF17 A I Buildings Hetchy Water - $5,0, Hetchy Water CUH000 Structures and Water 21 Revenue Bonds Improvements Infrastructure 23 5T AAAACP I Buildings Hetchy Water - $5,800,000 Hetchy Continuing CUH0 Structures and Power Capital Project Fund Improvements Infrastructure Mayor Lee Page4

5 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 5T CPF 17A-2017A HHPX5TCPF17 A I Buildings Hetchy Joint $2,340,000 4 Hetchy Water CUH200 Structures and Projects - Water 5 Revenue Bonds Improvements 7 5T AAAACP I Buildings Hetchy Joint $2,80,000 8 Hetchy Continuing CUH200 Structures and Projects - Power 9 Capital Project Fund Improvements 11 5TCPF 17A-2017A HHPX5TCPF17A I Buildings Mountain Tunnel $9,272,0 12 Water Enterprise CUH0 Structures and - Joint Water 13 Revenue Bonds Improvements 15 5T CPF SIM- HHP15TCPFSIM Buildings Power System $5,937,594 1 Developer Fees CUH0 Structures and Impact Mitigation 17 Improvements 19 5T CPF 17A- 2017A HHPX5TCPF17A I Bond Hetchy Water $1,8,00 20 Hetchy Water CUH30000 issuance Cost Financing Costs 21 Revenue Bonds 23 5T CPF 17A- 2017A HHPX5TCPF17A I 081C4 Internal City Services $130,051 Hetchy Water CUH30000 Audits Auditor Revenue Bonds I I Mayor Lee Page 5

6 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 ST CPF 17A- 2017A HHPX5TCPF17 A I 0700 Revenue Bond $9,359 4 Water Enterprise CUH30000 Programmatic Oversight 5 Revenue Bonds Project Budget Committee 7 8 Total USES Appropriation $5,0,3 9 Section 3: Of the above appropriated amount, $130,051 representing 0.2% of the expenditure budget net of bond financing and audit costs, is to be allocated and 11 available to support the Controller's Audit Fund, pursuant to Charter Appendix F1.113; 12 and $9,359 representing 0.05% of gross bond proceeds is to be allocated and available 13 to support the Public Utilities Commission Revenue Bond Oversight Committee, pursuant to Administrative Code Section 5A.31. These appropriations may be increased 15 or decreased by the Controller based on changes to expenditure appropriations or 1 actual gross bond proceeds to conform to the applicable Charter and Administrative 17 Code formulas. 19 Section 4: $20,817,720 of the total appropriation is hereby placed on Controller's 20 Appropriation Reserve by project. Release of appropriation reserves by the Controller 21 is subject to the Controller's certification of funds availability, including proceeds of indebtedness, and for construction related expenditures (excluding program 23 management, planning and design) for these projects, as applicable, is also subject to the prior occurrence of the SFPUC's and the Board of Supervisors' discretionary 1 adoption of California Environmental Quality Act (CEQA) Findings for projects, following Mayor Lee Page

7 1 1 review and consideration of completed project related environmental analysis, where 2 required. 3 4 Section 5: Associated Bond financing costs up to $1,8,00 is also hereby 5 appropriated, including but not limited to, issuance costs, debt service reserve, capitalized interest, rating agency, and disclosure costs, all on Controller's reserve 7 pending receipt of bond proceeds. To the extent that net available bond proceeds after 8 financing costs are more than budgeted, the Department may use such surplus bond 9 proceeds as a substitute for other sources budgeted in this appropriation. 11 Section : The Controller is authorized to record transfers between funds and adjust 12 the accounting treatment of sources and uses appropriated in this ordinance as 13 necessary to conform to Generally Accepted Accounting Principles. 15 Section 7. The sources of funding outlined below are herein appropriated to reflect the 1 funding available for Fiscal Year SOURCES Appropriation 19 Fund Index Code I Subobject Description Amount 20 Project Code 21 5T CPF *HHP5TCPF17B I Proceeds From $32,483,088 Hetchy Power Revenue CUH30000 Sale of Bonds 23 Bonds (Power bonds) Mayor Lee Page 7

8 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 5TCPF 17A-2017A *HHP5TCPF17 A I Proceeds From $,517, Hetchy Water Revenue CUH30000 Sale of Bonds 5 Bonds (Water Bonds) 7 5T AAA ACP - Hetchy UHUHZZZB505T I 9505T Hetch Hetchy $33,000,000 8 Continuing Capital CUHZZZOO Revenue 9 Project Fund 11 5T AAAACP- HHPCAPMMCP/ Cap and Trade $2, 0, Cap and Trade CUHCAPOO Revenue 13 Allowance 15 Total SOURCES Appropriation $93,0,21 1 Section 8. The uses of funding outlined below are herein appropriated in Subobject Buildings Structures and Improvements, 081 C4 Internal Audits, 0700 Revenue Bond Oversight Committee and Financing Costs reflects the projected uses of 19 funding to support the Hetch Hetchy Capital Improvement Program at the San 20 Francisco Public Utilities Commission for Fiscal Year Mayor Lee Page 8

9 1 USES Appropriation 2 Fund Index Code I Subobject Description Amount 3 Project Code 4 ST AAAACP- S91 I Buildings Streetlight $3,S,000 5 Hetchy Continuing CUH8901 Structures and Improvement Capital Project Fund Improvements Program 7 8 ST AAAACP- S701 I Buildings Distribution $20,000,000 9 Hetchy Continuing CUH87001 Structures and Services Retail Capital Project Fund Improvements Customers ST AAAACP- HHPCAPAAAACP Buildings Generation - $1,000, Cap and Trade I CUHCAPOO Structures and Small Renewables Allowance Improvements 15 1 ST AAAACP- HHPCAPAAAACP Buildings Generation - $0, Cap and Trade I CUHCAPOO Structures and Small Hydro Allowance Improvements ST AAAACP- HHPCAPAAAACP Buildings Civic Center $300, Cap and Trade I CUHCAPOO Structures and Energy Efficiency Allowance Improvements 23 ST AAAACP- HHPCAPMAACP Buildings General Fund $700,000 Cap and Trade I CUHCAPOO Structures and Energy Efficiency Allowance Improvements Mayor Lee I Page 9

10 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 5T AAAACP Buildings Treasure Island $2, 0,000 4 Hetchy Continuing CUH98001 Structures and Capital 5 Capital Project Fund Improvements Improvements 7 5T AAAACP Buildings Alice Griffith/ $5,000,000 8 Hetchy Continuing CUH8401 Structures and Candlestick Point 9 Capital Project Fund Improvements 11 5TCPF17A- HHPX5TCPF17 A I Buildings Hetchy Water - $,000, A Hetchy Water CUH000 Structures and Water 13 Revenue Bonds Improvements Infrastructure 15 5T AAAACP I Buildings Hetchy Water - $2,390,000 1 Hetchy Continuing CUH0 Structures and Power 17 Capital Project Fund Improvements Infrastructure 19 5T CPF 17B- HHPX5TCPF17B I Buildings Hetchy Water - $13,4, B Hetchy Water CUH0 Structures and Power 21 Revenue Bonds Improvements Infrastructure 23 5T CPF 17A- HHPX5TCPF17A/ Buildings Hetchy Joint $8, A HetchyWater CUH200 Structures and Projects - Water Revenue Bonds Improvements I Mayor Lee Page

11 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 ST CPF 17B- HHPXSTCPF17B I Buildings Hetchy Joint $990, B Hetchy Water CUH200 Structures and Projects - Power 5 Revenue Bonds Improvements 7 ST CPF 17B- HHPXSTCPF17B I Buildings Mountain Tunnel - $,33,8SO B Hetchy Water CUH0 Structures and Joint Power 9 Revenue Bonds Improvements 11 STCPF17A- HHPXSTCPF17A/ Buildings Mountain Tunnel - $11,973,1SO A Hetchy Water CUH0 Structures and Joint Water 13 Revenue Bonds Improvements 15 ST CPF 17A- HHPXSTCPF17 A I Bond Hetchy Water $2,70, A Hetchy Water CUH30000 issuance Cost Financing Costs 17 Revenue Bonds 19 STCPF17A- HHPXSTCPF17A I 081 C4 Internal City Services $S1, A Hetchy Water CUH30000 Audits Auditor 21 Revenue Bonds 23 STCPF17A- HHPXSTCPF17A I 0BOO Programmatic Revenue Bond $12,7S A Hetchy Water CUH30000 Project Budget Oversight Revenue Bonds Committee Mayor Lee Page 11

12 1 Fund Index Code I Subobject Description Amount 2 Project Code 3 5T CPF 17B - HHPX5TCPF17B I Bond Hetchy Power $3,297, B Hetchy CUH30000 issuance Cost Financing Costs 5 Power Revenue Bonds 7 8 5T CPF 17B - HHPX5TCPF17B I 081 C4 Internal City Services $135, B Hetchy CUH30000 Audits Auditor Power Revenue 11 Bonds T CPF 17B - HHPX5TCPF17B I 0700 Programmatic Revenue Bond $1,2 2017B Hetchy CUH30000 Project Budget Oversight 15 Power Revenue Committee 1 Bonds 17 Total USES Appropriation $93,0, Section 9: Of the above appropriated amount, $,200 representing 0.2% of the expenditure budget net of bond financing and audit costs, is to be allocated and available to support the Controller's Audit Fund, pursuant to Charter Appendix F1.113; and $29,000, representing 0.05% of gross bond proceeds is to be allocated and 1 available to support the Public Utilities Commission Revenue Bond Oversight Committee, pursuant to Administrative Code Section 5A.31. These appropriations may Mayor Lee Page 12

13 1 be increased or decreased by the Controller based on changes to expenditure 2 appropriations or actual gross bond proceeds to conform to the applicable Charter and 3 Administrative Code formulas. 4 5 Section : $0, 0,21 of the total appropriation is hereby placed on Controller's Appropriation Reserve by project. Release of appropriation reserves by the Controller 7 is subject to the Controller's certification of funds availability, including proceeds of 8 indebtedness, and for construction related expenditures (excluding program 9 management, planning and design) for these projects, as applicable, is also subject to the prior occurrence of the SFPUC's and the Board of Supervisors' discretionary 11 adoption of California Environmental Quality Act (CEQA) Findings for projects, following 12 review and consideration of completed project related environmental analysis, where 13 required. 15 Section 11: Associated Bond financing costs up to $5,98,01 is also hereby 1 appropriated, including but not limited to, issuance costs, debt service reserve, 17 capitalized interest, rating agency, and disclosure costs, all on Controller's reserve pending receipt of bond proceeds. To the extent that net available bond proceeds after 19 financing costs are more than budgeted, the Department may use such surplus bond 20 proceeds as a substitute for other sources budgeted in this appropriation. 21 Section 12: The Controller is authorized to record transfers between funds and adjust 23 the accounting treatment of sources and uses appropriated in this ordinance as necessary to conform to Generally Accepted Accounting Principles. Mayor Lee Page 13

14 1 Section 13. De-appropriation and Re-appropriation of $11,332,750 in Power Revenue 2 Bonds. The uses of funding outlined below are herein de-appropriated and re- 3 appropriated in subobject 0700 Building Structures and Improvements and reflect the 4 projected uses to fund the Water Enterprise Capital Budget for Fiscal Year USES De-appropriation 7 Fund Index Code I Subobject Description Amount 8 Project Code 9 5T CPF 15B HHPX5TCPF15B Buildings Power Only $11,332, 750 Power Enterprise I CUH0 Structures and 11 Revenue Bonds Improvements Total USES De - Appropriation $11,332, USES Re-appropriation 1 Fund Index Code I Subobject Description Amount 17 Project Code 5T CPF B HHPX5TCPF15B Buildings Mountain Tunnel - $11,332, Power Enterprise I CUH20 Structures and Power 20 Revenue Bonds Improvements I Total USES Re - Appropriation $11,332,750 Mayor Lee Page

15 1 Section - De-Appropriation of $3,000,000 CEC loan and $1,2,02 Hetch Hetchy 2 Revenue Funded Capital Projects. 3 4 Sources De-Appropriation 5 Fund Index Code I Subobject Description Amount Project Code 7 5T CPF CEC- *HHP5TCPFCEC I Proceeds Other LIT $3,000,000 8 Californian Energy CUH8901 Obligations 9 Commission Loan 11 5T AAAACP- UHUHZZZB505T I 9505T ITI FR 5T - HETCH $500, Hetchy Continuing CUH99301 HETCHY FUNDS 13 Project Operating FD 15 5T AAAACP- UHUHZZZB505T I 9505T ITI FR 5T - HETCH $7,02 1 Hetchy Continuing CUH99401 HETCHY FUNDS 17 Project Operating FD 19 Total Sources De-Appropriation $4,2, Section 15 - De-Appropriation of uses in 0COO Capital Projects Budgets Carryforward and request the release of $4,2,02 of Hetch Hetchy funds on Controllers Reserve. 23 Mayor Lee Page 15

16 1 Uses De-Appropriation 2 Fund Index Code I Subobject Description Amount 3 Project Code 4 ST CPF CEC- *HHPXSTCPFCEC 0COO Capital Project $3,000,000 5 Californian Energy I CUH8901 Budget- Commission Loan Streetlights 7 8 ST AAAACP- S19941 I 0COO Capital Project $7,02 9 Hetchy Continuing CUH99401 Budget - Small Project Operating FD Hydro ST AAAACP- S19931 I 0COO Capital Project $SOO,OOO 13 Hetchy Continuing CUH99301 Budget - Small Project Operating FD Renewables 15 1 Total Uses De-Appropriation $4,2, Mayor Lee Page 1

17 APPROVED AS TO FORM: DENNIS J. HERRERA, City Attorney By: (J /~ / 7/ I T~O~~ / o\jit~ /~/\-< Deputy Cit/Attorney FUNDS AVAILABLE BEN ROSENFIELD By: ontroller Edwin M. Lee Office of the Mayor Page 17of17

18 City and County of San Francisco Tails Ordinance City Hall 1 Dr. Carlton B. Goodlett Place San Francisco, CA File Number: Date Passed: June, 201 Ordinance appropriating a total of $158, 1,530 of Hetch Hetchy revenue, Cap and Trade Revenue and Power and Water Revenue Bonds for the San Francisco Public Utilities Commission (SFPUC) Hetch Hetchy Capital Improvement Program for FY at $5,0,3 and for FY at $93, 0,21; and re-appropriation of $11,332,750 in Power Revenue Bonds fund projects in FY ; de-appropriation of $4,2,02 CEC loan and revenue funded projects; and placing $32,483,088 of Power Bonds, $44,234,848 of Water Bonds, and $4,200,000 of Cap and Trade Revenue, by project on Controller's reserve subject to the Controller's certification of funds availability, including proceeds of indebtedness, and for construction related expenditures (excluding program management, planning and design) for these projects, as applicable, is also subject to the prior occurrence of the SFPUC's and the Board of Supervisors' discretionary adoption of California Environmental Quality Act (CEQA) Findings for projects, following review and consideration of completed project related environmental analysis, where required. May, 201 Budget and Finance Committee - RECOMMENDED June 07, 201 Board of Supervisors - PASSED, ON FIRST READING Ayes: 11 - Avalos, Breed, Campos, Cohen, Farrell, Kim, Mar, Peskin, Tang, Wiener and Yee June, 201 Board of Supervisors - Fl NALLY PASSED Ayes: 11 -Avalos, Breed, Campos, Cohen, Farrell, Kim, Mar, Peskin, Tang, Wiener and Yee File No I hereby certify that the foregoing Ordinance was FINALLY PASSED on //201 by the Board of Supervisors of the City and County of San Francisco. Date Approved City and County of San Francisco Page Printed at :54 am