Financial surplus at the San Francisco Zoo

Tür:

Kitap

Yayın yılı:

1997

Yayıncı:

Board of Supervisors, Budget Analyst

the City, through the Recreation and Park i Zoo lease and management agreement with the San (SFZS), a non-profit corporation. Under this Zoo lease it, the SFZS currently receives an annual $4 million ity and the SFZS keeps all admission fees. In turn, the le ongoing management of the Zoo and operational enses oi me z*oo, wnicn for FY 1996-97 is projected to be approximately $13.4 llion. In addition, the City is reimbursed by the SFZS for Civil Service salary and nge benefit expenses for those City personnel performing direct services for the o, utilities and other miscellaneous (yardwork, heavy machinery) services, which provided by the City. As these Civil Service employees retire, the SFZS will lace these employees with SFZS staff. Such reimbursements paid by the SFZS to j City for FY 1996-97 are estimated to total $4.8 million The lease and nagement agreement expires on June 30, 1998, but provides for automatic tensions for successive five year periods, up to a total term of 99 years, unless her the City or the SFZS gives written notice of termination by November 30 of final fiscal year of the then current five-year term. e irdance with Section 15.10 of the Zoo lease and management ~e SFZS, at its own expense, must arrange for an annual audit of the ZS's books and records by an independent, certified public accountant, that is City's Controller.

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