The sources of funding for Fiscal Year 2023-2024 prior to this legislation included proceeds from various bonds and revenue, specifically from wastewater management and capital funds for the San Francisco Public Utilities Commission.

The proposed legislation outlines a detailed appropriation of funds for Fiscal Year 2023-2024 to various projects within the Wastewater Capital Improvement Program, including the Sewer System Improvement Program (SSIP), Biosolids Digester Project, treatment plants improvements, and green infrastructure projects among others.

The funding will be allocated toward buildings, structures, improvements, capital renewal projects, and oversight committees, with a total uses appropriation matched to the sources appropriation at $1,142,597,402

Although not explicitly stated, the rationale behind the funding appropriations is to support ongoing and new capital improvement projects to enhance the city's wastewater infrastructure, ensuring sustainability, compliance, and resilience.

The appropriations may be adjusted by the Controller to align with the Charter and Administrative Code formulas. A portion of the appropriation is placed on the Controller's Appropriation Reserve, subject to the Controller's certification of funds and the SFPUC's and Board of Supervisors' approval following the California Environmental Quality Act (CEQA) findings where required.

To ensure accountability, $1,943,067 representing 0.2% of the expenditure budget is allocated to support the Controller's Audit Fund, and $523,644 representing 0.05% of gross bond proceeds is allocated to support the Public Utilities Commission Revenue Bond Oversight Committee.