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.

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 treasure island development project. the transportation plan includes a multi modal plan, mobility improvements, including new services between treasure island and san francisco, and enhanced bus service between the island and san francisco and the ac transit service. to help pay for these and help manage automobile traffic, there will be a target program for peak periods of car travel. it would also be parking management to help also support the cost of the program, meet the transportation objectives of the item.

supervisor mar: what was the additional number of new residents on the island? >> i believe it is on the order of 7000 units. is that correct? 20,000 new residents in 7000 units. supervisor mar: so the congestion management of that is really important. thank you. colleagues, if there are no questions, let's open this up for public comment. >> this is to the people at home, that with the demise of the san francisco redevelopment agency, everything has changed. the citizens of san francisco really do not know.

using infrastructure financing districts -- using that, that money is on average with what the redevelopment agency would get. are around 20 cents on the dollar, something like that. but anyway, everything has changed. this is a moving target in the sense that those of us who have been participating and looking at an eir and more focused on the infrastructure, which is for agile and flooding liquefaction, stuff like that, and more importantly, condemned the

nation because people think that's treasure island is a treasure island like the treasure island that has been written in some stories. a lot of contamination exists now on treasure island where we have people living. so we now see that the san francisco county transportation authority -- that it is not doing a good job in san francisco involving themselves with treasure island, even though i know treasure island is part of district 6. but the san francisco county transportation authority is not doing a good job. we just had some discussion about issues in a previous meeting. my concern is tida, which was

formed to work with redevelopment -- tida should work with some other agencies, some other independent agencies. rather than expend the resources of san francisco county transportation agency or authorities tida. -- or authority. tida should work with some other agencies. they seem to have some money is left on spent. i do not know how they seem to get it exactly. thank you very much. supervisor mar: is there anyone else from the public that would like to speak? seeing none, public comment is closed. >> i would just like to remind the committee that the item will be discussed tomorrow night. with that, again, i'm available to answer any more questions you may have. supervisor mar: thank you.

see no questions, let's move this item forward. thank you. please call the next item. >> next item, increasing the amount of the legal services contract with nossaman llp by $330,000. >> this item starts on page 37 of your package. this is a contract issued. the work of volume entity, we have special -- specialization designed by staff. currently on the authority legal team, we have the city attorney who advises the authority on routine contract items. we have co-bond counsel for the authority.

we also have authority general legal counsel who specializes in transportation legal services. currently, we are in three-year contract. the original list $630,000. we have nearly expended almost all mainly because of unforeseen litigation regarding the presidio apartment can -- project. in november 2010, a professional engineer in california government and union filed a lawsuit with the california transportation commission caltrans and the authority for the public/private partnership agreement to design, finance, operate, and name the project. we've replaced -- we request an opportunity to review the project. the court ruled against and the

court upheld the ruling in 2011. originally in november 2011, the supreme court rejected a request to hear the appeal on the legal challenge. currently, we have suspended $300,000 for this litigation as almost half of the budget we have had 43 years f --or 3 -- for three years of the contract. i'm here to request to increase the amount to basically replenish the cost we have incurred for this litigation and also to help us with the implementation of the timma. i also want to mention the

requirement of 5% @ -- 5% that has been maintained. also, again, the tec will not be hearing this item until the fifth, our regularly scheduled meeting tomorrow night, and the funding for this contract is a combination of reimbursement from an agreement between city apartments and prop k appropriation and funds. the increase of the contract will be implemented in the fiscal year 2011-2012 budget, which we anticipate bringing before you in the next couple of months. with that, i will be more than happy to answer any questions. we are recommending for the committee to approve the amendment to increase the contract to $930,000. supervisor mar: thank you.

i see no questions from colleagues. any members of the public who wish to speak on this item? seeing none, we will close public comment. with this item for without objection? thank you. please call the next item. >> item 6, introduction of new items. supervisor mar: is there anyone in public that wish is to be heard on this item? seeing none, public comment is closed. next item. >> 7, public comment. supervisor mar: is there anyone from the public that would like to speak? public comment is closed. is there any other business before us? >> item 8, adjournment. supervisor mar: thank you. thanks, everyone. meeting adjourned.

>> sanrio famous for the designs for hello kitty. i thought i would try to make it as cute as possible. that way people might want to read the stories. then people might be open to learn about the deities and the culture.

♪ they reached out to make about five or six years ago because of the book published. they appreciated that my work was clearly driven from my research and investigation. after i contributed my artwork, the museum was really beside themselves. they really took to it. the museum reached out to me to see if i would be interested in my own space inside the museum. i tell them that would be a dream come true. it is the classical, beautiful indian mythology through the lens of modern design and illustration and storytelling. they're all of these great sketch as i did for the maharajah exhibition. i get a lot of feedback on my artwork and books. they complement.

they say how original the work is. i am the first person to say that this is so derived from all of this great artwork and storytelling of the past. the research i put into all of my books and work is a product of how we do things that a-- at pixar. sometimes you will see him depicted monkey-like or as superman. i wanted to honor his monkey coloring. i decided to paint him white with a darker face. it is nice to breathe new life into it in a way that is reverent and honors the past but also lets them breathe and have fun. it is almost a european notion to bring these symbols and

icons from southeast asia. they decorate their deities. it was a god they interacted with every day in a human way. the most important thing has been to create work that is appealing to me. i want to see vishnu to pick did in a modern way. it dawned on me by reinterpreting the deities in a way that is modern and reverent to the history, i am building a bridge for young and old audiences to make friends with the culture and these icons to learn their stories. ♪