kind of wanted to go slow, they miss some moneys, maybe some contribution to the campaign coffers, whatever, but always reminding you to do the right thing. the time will come, of renew the scale of the good, the that, and the ugly. thank you very much. supervisor mar: next speaker please. >> ♪ transportation island in the street that is what we are there's firemen it seems sail away with me to a better road and we rely on the commission oh-oh island in the budget stream

that is what we are better roads, environment, it seems sail away with me to a better price it will be mighty nice sail away islands in the budget transportation stream that is what we are and you know what i mean the sale away with me to a better road and we rely on you, commission oh-oh sail away ♪ supervisor campos: thank you. is there any other member of the public who would like to speak? colleagues, this is an action item. motion by commission avalos when you have a second. can we take that without objection? without objection. thank you.

>> good morning, commissioners. this item begins on page 225 in your packets. i'm just going to schedule the importance slides. on the first slide, this is the key document that will maintain our cities eligibility in gas tax. regional priorities, the regional transportation improvement program will be adopted. so if you go to slide 5, these

are basically the key findings to monitor how the congestion monitoring program network forms every number of years. you can see we basically have very flat travel speeds from 2009 to 2011 with the exception of amt freeways. there is a decrease in speed, and a number of reasons for that. we are positing that a number of people were deciding to look for employment coming out of the recession, perhaps looking for more regional head of freeways, and there could be many reasons, but that could be one of them. another reason to look at the congestion monitoring program is the transit, how it compares to auto travel speeds. we find that transit tends to be one-and-a-half times or two and a half times longer than a bottle crawlspace, particularly on the segments we are focusing, like the ad and a -- like the

avenue where i could get up to as much as four times the amount of trouble as i could buy auto. this is all again to make sure that our investment portion and policies are in conformance with updates. there are a number of other initiatives to help manage congestion, including the transportation sustainability fees that we will be looking at when we measure congestion and impacts in the city among other local policies as well. with that, i will take any questions after that brief presentation. and another two large enclosures that are the studies and entities included in the packet. supervisor campos: any questions? why don't we open it up to public comment? any member of the public that would like to speak on this

item, please come forward. >> in january, at the board of supervisors meeting, eric mar at the time of the hearing has said it will be appropriate for the gentleman to say exactly what he has stated. but my main focus is the concern -- i did make a reflection, but i wanted to sit down with him and review the project. thanks very much. supervisor campos: thank you. next speaker. >> ♪ long and congested road and lead me back to your heart you left me standing congested there from the very start do not leave it congested there

won't you fix this mark many times it has been crowded many times i have cried many times you have fixed it up still, you lead me back and fix the crowd and congested there and make it fit now ♪ supervisor campos: thank you. is there any other member of the public would like to speak? seeing none, public comment is closed. motion from commissioner wiener. can we take that without objection? can you call the next item? >> i intend, personal items, information items supervisor campos:. any new items? -- supervisor campos: any new items?

thank you. is there any member of the public who would like to speak on any new items? good luck with all -- >> ♪ good luck with all of all the new thanks to all of you and president chiu thanks again all the transportation new it is time to begin once again it is time to begin we've got transportation we are going to win it is time to begin anew thanks to you president chiu ♪ supervisor campos: thank you. any other members of the public? seeing none, public comment is closed. >> public comment. supervisor campos: any item on

the agenda within the jurisdiction of the committee. seeing none, public comment is closed. meeting adjourned. thank you.

>> the question when i started 11 years ago when i started doing resolution work is can anything be presented on a really low resolution device where it is potentially a digital image? can anything be presented that way? or will it feel cold and electronic?

>> the imagery will change. there will be four different sets. it is a two dimensional image. it is stretched out into three dimensions. the device is part of the experience. you cannot experience the image without the device as being part of what you are seeing. whereas with the tv you end up ignoring it. i make gallery work more self and budget and public art work where i have to drop this of indulgence and think about how people will respond.

and one of the things i was interested in the work and also a little fearful of, it is not until you get to the first and second floor were the work is recognizable as an image. it is an exploration and perception is what it is. what are you seeing when you look at this image? one of the things that happens with really low resolution images like this one is you never get the details, so it is always kind of pulling you in kind of thing. you can keep watching it. i think this work is kind of experience in a more analytical way. in other words, we look at an image and there

supervisor mar: good morning, everyone. welcome to the regular meeting of the transportation authority finance committee. my name is eric mar.

i'm joined by supervisors elsbernd, kim, cohen, and farrell. i would also like to thank them -- take a moment to thank sfgtv for broadcasting as this moment. please call the next item. >> approve the minutes of the november 8, 2011 meeting. supervisor mar: without objection, approval of the minutes? do we open this up for public comment? is there anyone from the public at like to speak on this item? seeing none, public comment is closed. without objection, let's move this forward. madam clerk, please call item 3. >> recommend acceptance of the audit report for the fiscal year ended june 30, 2011. >> good morning, commissioners. this starts on page 5 of your package. as you all know, and fiscal

policies of authority, we are required to undergo annual audits. the authority awarded an audit contract three years ago, and we have cynthia, a partner, here with us today to walk you through the fiscal audit report. i will turn it over to her. supervisor mar: 90. thanks, -- thank you. thanks for a great audit. >> thank you. as discussed on page 11 of your package and page one of the financial statement, the scope of our arctic includes the authorities and four major governmental funds. construction management agency program, transportation for clean air, and a new fund this year, the vehicle registration fee for transportation

improvement program. the program was established with passage last year, and the main source of information, which accounts for the program. the responsibility of these financial statements rests with the authority on this financial statements based on our audit. in the quarter -- we performed our audit in accordance with the generally accepted auditing standards. financial statements presented are without qualifications or exceptions and these financial statements are represented in accordance with generally accepted accounting principles. it is the best type of reported auditing you may receive from an external auditor. in terms of the financial statements, i just want to highlight a few items. on page 21 and 23, the authority had asked us about the entity as

a whole in the amount of $13.30 million, and in the sales tax program, the amount of $32.2 million. due primarily to its outstanding balance and the commercial paper notes, the authority has $150 million of these notes outstanding to pay for capital projects and other department of projects for organizations. the authority does not hold or retain title to these projects. there are authorities in the department organizations who are responsible for the assets. on page 23, i want to highlight another item. that the environmental funds by balance have been recast, pursuant to a new accounting standards. the accounting standards are described on page 32 and 33 of the financial statements. for the authority, the

classification district fund balance associated are with prescriptive forces for debt service capital projects, and they - and the fine balance in the sales tax program will be discussed earlier as it relates to the commercial paper balance -- the negative undefined ballots appear on page 57, we show a summary of the results of the financial statement and federal compliance audits. we did not note any significant internal control deficiencies or witnesses. with that, i am available for questions supervisor mar:. any questions, colleagues -- i am available for questions. supervisor mar: any questions, colleagues? is there anyone from the public that would like to speak? >> normally, we would have the city agencies.

we have access to thecontroller -- to the controller's office. i think -- i have been coming to the san francisco county transportation authority meetings for a long time, and in the general language of this audit, basically what this audit is saying is that without qualification, meeting shall not go into the details this way or whatever way, generally speaking, accepting that general principles are audited, she finds everything to be fair, whatever that means. we listen to the san francisco county transportation authority at these meetings, as they spend thousands and thousands of dollars -- in many cases, billions of dollars. we would like to see how those monies are expended by giving

out line items. bis has nothing to do directly with the audit, but it have something to do with the general sense of when such matters come before us here at this meeting. but i would like in the future -- i do not know how you are going to recommend this to the auditor -- that at least on the major projects where san francisco county transportation authority expends money, that we get some sort of narrative and some sort of scale linked to evaluation to find out how to profit, moving, hopefully, to a better place. i say this because when you

attend the metropolitan transportation commission meetings, they have a different system. i know it is going to be very difficult for you, the chair, to adjudicate or make up your mind on what i am saying, but if you reduce something and i can follow up with an e-mail -- if you review something and i can follow-up with an e-mail, how they go about that. and that the constituents of san francisco have a better idea line item by line item on the major projects how our monies are expended. thank you very much. supervisor mar: thank you. is there anyone else in the

public would like to speak? seeing none, public comment is closed. thank you for the i it. again, there is no deficiency for weakness and no recommendations for improvements. director, did you have follow- up? >> just mention that the aec will be at the regular physical meeting. there is no fiscal impact for this item appeared with that, this is an action item. >> colleagues, let's move this forward. without objection. supervisor mar: without objection appear next item. >> recommend authorizing the executive director to execute a member of agreement with the treasure of the development authority in an amount not to exceed $100,000 for the fiscal year 2011-2012 operating budget and work plan to initiate implementation of the treasure island transportation program and authorizing the executive director to negotiate agreement terms and conditions. >> in october 2011 we brought

before you a recommendation to designate an authority as the treasure island mobility management agency. the purpose is to integrate a comprehensive and integrated program to manage traffic on the island as the project develops. in october, you approved the authority for the tima and tida to work together for a program to put before the board by march, -- march 21, 2012. what i put before you today is the first step of the implementation. for them to have a work plan and budget for the remaining part of fiscal year 2011-2012. over the next seven months, we anticipate we will be spending approximately $100,000 toward staff-led efforts and for construction efforts towards

implementation of the project, for any opportunities that will be coming up in the next four months. the work plan -- administration could provisions would be for city attorney fees, outside attorney fees, and any consultants will be used for ground lighting purposes. we had an opportunity with the federal highway pilot program, and we anticipate submitting an application for that funding. we also anticipate the regional transportation plan with more opportunities. in terms of fiscal impact, tida will be reimbursing the authority for 100% of all the costs. there will be no proposition k

or authority of managed funds used toward the contract. we are recommending to authorize to execute in an amount not to exceed $100,000 for fiscal year 2011-2012 operating plan and work plan and to initiate the implementation of the treasure island transportation program and authorized the executive director to negotiate and create permit conditions. if you have any questions, i would be more than happy to answer supervisor mar:. -- i would be more than happy to answer. supervisor mar: treasure island mobility and management agency -- could you remind us what their responsibility is? >> why don't i pass this question over to the deputy director for planning? >> good morning, commissioners. the mobility management agency is meant to implement the project as envisioned in the transportation plan of the ea