1960
Statement of Revenues and Expenses
Our Statement of Revenues and Expenses demonstrates that our prudent operational and fiscal management
has effectively controlled our operating costs to not exceed revenues. Our sources have grown from planned
rate increases, interest subsidies, and increased power sales, despite reduced water consumption and sewer
treatment, however our expenses have only increased slightly.
Revenues
Expenses
Personnel services
During the fiscal year, operating expenses, which excluded interest expense and other non-operating expenses,
decreased by $22.1 million to $560 million. Charges for services, which excluded interest and investment income,
rental income, other operating and non-operating revenues, increased by $52.6 million to $631.8 million.
Depreciation expense
Interest expense
Contractual services
Construction of Cherry
Powerhouse and Eleanor
Power tunnels to expand
hydroelectric power system
2010
2009
2008
$204M
$216M
$212M
$175M
1967-68
Construction of Kirkwood
and New Moccasin
powerhouses to
increase generation
1974
Adoption of master plan
to improve wasterwater
treatment and reduce
combined sewer discharge
1993
Completion of Oceanside
Plant and 4.5-mile ocean
outfall; installation of
transport/storage boxes
along City’s edge
2002
1996
Transfer of wastewater
management to SFPUC
2001
City funding of municipal
solar energy program
Voter passage of bond
measure to restore and
seismically upgrade
Hetch Hetchy Water System
2010-11
50% completion of
the Water System
Improvement Program.
Water, Power, Sewer
$709M
$237M
EXPENSES:
$64M
$32M
$765M
$171M
EXPENSES: $655M
$45M
$36M
REVENUES: $635M
$214M
$100M
EXPENSES: $563M
$47M
$27M
REVENUES: $614M
EXPENSES: $588M
REVENUES: $620M
EXPENSES: $512M
$92M
$164M
$115M
$106M
$96M
$52M
$30M
$225M
REVENUES:
2007
2011
Materials, supplies
and other expenses
Five-Year Comparison of Revenues and Expenses by Category
REVENUES: $574M
Financial Performance
Annual Report for the Fiscal Year Ending June 30, 2011
2010-11
Number of municipal solar
installations reaches nine
for total yearly production
of 7.2 megawatts
$124M
$35M
$196M
2010-11
Launching of 30-year
Sewer System
Improvement Program
then and now