Revenue Bond Oversight Committee
The sunset of the Revenue Bond Oversight Committee (RBOC) occurred on January 1, 2025, pursuant to Administrative Code Section 5 A.36.
The SFPUC Audit Bureau has assumed the oversight responsibilities previously held by RBOC, namely, to ensure that revenue bond proceeds are:
- Used lawfully and in accordance with the authorizing bond resolution,
- Expended solely for uses, purposes and projects authorized in the bond resolution, and
- Appropriately expended for authorized capital improvements
To accomplish these objectives, the Audit Bureau will include relevant and appropriate audits in the SFPUC Annual Audit Plan to be carried out in collaboration with the Controller’s Office’s City Services Auditor and/or through the engagement of independent auditors.
Agenda and Minutes
Review past agendas and minutes of the Revenue Bond Oversight Committee.
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Annual Reports and Other Resources
Annual Reports
- 2023 Annual Report
- 2022 Annual Report
- 2020 Annual Report
- 2019 Annual Report
- 2018 Annual Report
- 2017 Annual Report
Other Resources
- Revenue Bond Funds Audit Report - August 30, 2023
- SFPUC RBOC Management Letter - February 9, 2022
- SFPUC Performance Audit of Select Revenue Bond Expenditures - December 23, 2021
- RBOC Bylaws
- CS-363 Final Report: Construction Management Services – RBOC Evaluation of Lessons Learned Water System Improvement Program – October 22, 2015
- CS-363 RBOC Construction Management Services Lessons Learned: SSIP Projects and Procedures Information – April 1 , 2014
- CS-254 Final Report: Evaluation of the Water System Improvement Program – May 9, 2013
- Office of the Controller, City Services Auditor: The Department Appropriately Categorized Program Management Costs, but Should Improve Its Method of Allocating Those Costs to Projects – February 13, 2012
- Office of the Controller, City Services Auditor Expenditures of the Lake Merced Pump Station Essential Upgrade Project Are in Accordance With Bond Resolutions; However SFPUC Should Improve Its Recognition of Costs – February 13, 2012
- Review of the Independent Review Panel's Final Report Dated December 28, 2011 Concerning the WSIP – January 19, 2012
- Office of the Controller, City Services Auditor: Expenditures of the Bay Division Pipeline Reliability Upgrade – Pipeline Project Appear Reasonable – November 22, 2011
- Office of the Controller, City Services Auditor: Expenditures of the Mission and Mount Vernon Street Sewer Improvement Project Appear Reasonable – November 22, 2011
- Independent Review of Water System Improvement Project Construction Management Program – December 28, 2011
- Responses to Comments Independent Review Panel Draft Reports – December 28, 2011
- 2009 Audit:Robert Kuo Consulting LLC, RW Block Consulting, and Lawrence Doyle: Review of the Sunset Reservoir - North Basin Project
- 2007 Audit: Robert Kuo Consulting, LLC with Lawrence Doyle, Shannon Gaffney Consulting, and EPC Consultants, Inc.: Financial Review of Aspects of the WSIP
- 2006 Audit: Robert Kuo Consulting, LLC and Lawrence Doyle: Review of WSIP Expenditures Under PUC’s Commercial Paper Program