Revenue Bond Oversight Committee
We are dedicated to transparency in our financial reporting. This appointed group of San Francisco citizens meets monthly to help keep you informed about bond proceeds and how they are spent.
Regular meetings are held monthly, every second Monday at 9:00 a.m. at the San Francisco Public Utilities Commission Headquarters, 525 Golden Gate Avenue, 2nd Floor Conference Room. Meetings can be canceled and added with proper notice.
In accordance with Governor Newsom’s Executive Order No. N-33-20 declaring a State of Emergency regarding the COVID-19 outbreak and Mayor London N. Breed’s Proclamation declaring a Local Emergency issued on February 25, 2020, including the guidance for gatherings issued by the San Francisco Department of Public Health Officer, aggressive directives were issued to reduce the spread of COVID-19. On March 17, 2020, the Board of Supervisors authorized their Board and Committee meetings to convene remotely (via Microsoft Teams) and will allow remote public comment via teleconference. See the meeting agenda for call-in options.
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Annual Reports and Other Resources
Annual Reports
2022 Annual Report 2020 Annual Report 2019 Annual Report 2017 Annual Report 2018 Annual Report 2016 Annual Report Other Resources
- 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
Meet Our Committee
Claire Veuthey
Seat 4 - Committee Member

As Principal and Founder at Rizoma Ventures, Claire Veuthey works with asset managers and LPs on integrating ESG and impact into their investment work, from thesis through diligence to exit. She also supports companies with ESG strategy design and implementation. Claire has worked in ESG and impact investing in a variety of roles for more than 15 years on 3 continents. She was previously Head of ESG at OpenInvest (acquired by JPMorgan), Head of ESG on the Social Impact Investing team at Wells Fargo, Head of Institutional Sales for Asia-Pacific for Sustainalytics, and a Team Lead on the Custom Research team at MSCI ESG Research. She also served as a Technical Advisor to the Sustainable Accounting Standards Board. Claire holds an MBA from Berkeley-Haas, an MA from King’s College London, and a Licence from the Graduate Institute of International and Development Studies in Geneva.
Seat appointed by the Mayor
Ettore Leale
Seat 1 - Committee Member

Ettore Leale has 25 years of business and non-profit experience in the software and digital education industries. His board of directors experience includes serving on audit and compensation committees. Ettore co-founded a technology investment firm, led Yahoo’s search engine business across emerging markets, launched new digital products and opened new markets for Harvard Business School, Instill, Digital Impact and Adaptec. Earlier in his career, while serving for the Red Cross, Ettore managed mass feeding programs for refugees of the war zones of the former Yugoslavia and the Balkans. Ettore earned his MBA from Harvard Business School and his BA from the School of International Services at the American University.
Seat appointed by the Board of Supervisors
Lars Kamp
Seat 2 - Committee Member

Lars Kamp is a co-founder and CEO of Some Engineering Inc., a San Francisco-based software start-up. He’s been a start-up operator and founder for the past ten years. As a founder, he’s raised both debt and equity financing, and managed global P&Ls.
He began his career at Accenture in 2001, where he worked out of Accenture’s offices in Vienna, Rome and Seoul. He joined Accenture’s San Francisco office in 2006. Lars’ work with Accenture clients comprised the planning, financing and roll-out of global communication and cloud computing infrastructure, with multi-$B capital budgets. The operation of data center infrastructure dealt with the sustainable use of water for cooling systems, as well as developing strategies for long-term water resilience.
Lars has a Master’s Degree in Economics and Business Administration from Passau University, Germany. He’s fluent in German, Italian and French. Lars lives with his family in the Presidio (District 2).
Seat appointed by the Board of Supervisors
Christina Tang
Seat 6 - Committee Vice-Chair

Christina Tang is the Finance Manager for BAWSCA representing its 26 members’ collective interests in their relationship with the SFPUC on matters related to water supply, facility reliability, operations, water quality and wholesale water rates. She has over fifteen years of experience in financial operations with City and County governments and special district governmental entities, including debt issuance and debt management. Christina received her Master of Science degree in Finance from the University of Houston, and her Master of Public Administration from the University of Illinois at Springfield.
Seat appointed by the Bay Area Water Supply and Conservation Agency (BAWSCA)
Reuben Holober
Seat 7 - Committee Member

As an Analyst for the San Francisco Board of Supervisors Budget and Legislative Analyst's Office, Reuben conducts legislative and policy analysis, budget review, and performance audits. Reuben holds a Bachelor's Degree in Political Science and Communication from the University of Washington and a Master's Degree in Public Policy from the Goldman School of Public Policy at UC Berkeley.
Seat appointed by the Budget and Legislative Analyst's Office
There are two vacancies (Seats 1 & 5) on the Public Utilities Commission Revenue Bond Oversight Committee. The Mayor and Controller will appoint these vacancies. More information about these seats can be found here.