>> >> the city of san francisco sfgtv meeting of the san francisco transportation authority occurring november 18, 2014, will begin shortly.

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>> good morning. >> are you ready? >> okay. >> good morning, the meeting will now come to order. welcome to the regular meeting of the transportation authority finance committee, i'm cohen, share of the committee and to high left is tang and to my right, scott weiner, david chiu has officially resigned from

the transportation authority finance committee. and will be moving on. and madam, clerk, the clerk is steve. sorry. >> and also, would i like to thank, charles our friend up at sfgovt tv for broadcasting this meeting, mr. clerk, could you please call item number 2 item one one? >> roll call. >> cohen? >> present. >> commissioner farrell? >> absent. >> tang? >> present. >> commissioner weiner. >> present. >> we have a quor up. >> could you call the next item? >> consent calendar, 2 and 3 comprise the consent calendar, these are routine and not presenting but prepared to present if desired, any of them may be removed and considered separately. >> thank you very much. >> is there a staff presentation on items 2 and 3,

no let's take public comment on item two and three. >> seeing that there is no members of the public that would like to comment on these two items, and this item is a roll call volt for item two and three. >> cohen. >> question. yes. >> farrell. >> absent. >> tang. >> aye. >> weiner. >> aye. >> consent calendar passes. >> all right. thank you very much. please call the next item. >> item four, recommend acceptance of the audit report for the fiscal year ending june 30, 2014. this is a action item. >> we have the presentation. >> today we have the fiscal year, 13, 1 4, audit, we have our auditor is here to present the result and in addition to

ad iting the financial statements also a single audit over the programs in the authority since we have received more than $500,000 of federal funds, i would turn to over to cindy she is a partner, and she is the auditor on the audit, thank you. >> welcome. >> thank you. >> good morning. thank you for this opportunity to present the results of our audit. the scope of the transportation audit includes the financial statements of the transportation authority as a whole along with its four major programs, the sales tax, congestion management and the transportation fund for clean air and the vehicle registration fee and programs and the federal compliance audit of the federal award program, the results of the 2014, audit are found in two deliverables and the annual report f, found on page 30 of

your packet and the report to the finance committee found on page 88 of your packet. the purpose of the audit is to obtain reasonable assurance that the financial statements are fairly stated and that the applicable framework of the audit includes generally accepted accounting principals, auditing standards and prom gated by the gaap and accepted by the aicpa. >> and the gao. >> and a summary of the results of the audit is found on page 55 of the annual financial report or 86 of your packet in it we rendered an unmodified,

and we did not have weaknesses over the financial reporting to report. and this is a favorable out come. >> and we performed a compliance audit on the transportation authority, federal expenditures since the authority had more than 500,000 of federal expenditures during this past year, the u.s. department of transportation requires that we perform additional compliance tests work on the authority's management and control activities, and we also issued and did not have materialal weaknesses or any other findings over the compliance to report as well. >> >> the second report is the report to the finance committee and under the professional standards we are to provide, the oversight bodies with

information on the following seven items as listed in the slight prepttation, and this is included in the report to the committee. as related to the aspects of the accounting practices the authority was required to implement the renewed accounting standards this past year and these new standards did not impact the authority financial statement of the presentation, and the authority also changed the revenue recognition of the period from 120 to 90 days to conform with the city's change and the other communications are nothing out of the ordinary and we did not encounter any differents or disagreements with the management. >> and i would like to thank the authority staff for facilitating the audit process which started in june, and it earlier of this, this month. and it was a smooth as it can

be, and given the authority was in the midst of a new system conversion project as well. and with that, i would like to turn this back over to ... >> thank you, no irregularities or any red flags or anything of concern. >> yeah, thank you. >> i just want to clarify a little bit on a single audit, the federal audit, they took a look at the island ramp and bridge structure the e-fleet, car program, the integrated public, private and partnership and the san francisco value and pricing and regulation study, treasure island mowbility management program, and the congestion management agency planning and programming and the surface transportation program and all of this was funded by federal funds and the audits came back clean and i would like to just mention that

it was a huge effort to share with the new implementation happening and i would like to give a heartfelt thank you to the staff and especially (inaudible) hew, who kelley (inaudible) and i mean that this year was one of those years that we had more work than normal and we were able to come out with the clean audit and implement the erp system on time too. with the really good year for us. thank you, and with that, i am more than happy to answer any questions and so is miss pawn. >> colleagues are there any questions? >> seeing none, no questions at this time. >> thank you, let's take the public comment on this item? >> public comment is opened. seeing no comment, public comment is closed. >> could you call the next item. >> a roll call vote. >> yes. >> item number 4. >> cohen. >> aye. >> farrell. >> absent. >> taning? >> aye. >> weiner aye.

>> the item passes. >> thank you, could you call the next item. >> introduction of new items. >> thank you. >> are there any supervisors or commissioner tang has a new item for introduction. >> thank you. so, today, i wanted to request that the transportation authority conduct a strategic analysis report and by way of background, what our office is looking and hoping to do in partnership with the ta is really to examine some of the transportation needs and specifically, in connection to certain nodes that would help to better our out lying neighborhoods as well as the sunset district and others. >> and so we work with the community to put together the sunset district, blueprint and the road map for what we would like to see happen and of course, one of the biggest issues that we always face is the transportation, and the public transportation and so one of it is things that we know, but as well as through the ta's san francisco, transportation plan is that there really are a geographic

disparities, but not just my district but supervisor cohen as well and a lot of the out lying neighborhoods and the idea is that we would like to explore the ways that we can better shuttle our residents through certain transit nodes and whether it be local such as through the west portal or a regional connection, such as to the bart and call train and so i am hoping to also address some of the emerging needs that do exist as well, such as with the taxi industry or even the ride sharing industry and how we can be really proactive and thinking about how we manage some of those programs. and so, we of course, look forward to working with the ta in developing a scope for this strategic analysis, report. and hoping to receive a scope by december, and look forward to again, looking with our ta staff and our community and in developing this, with that, i submit. >> great. >> see if there is any members of the public that would like to speak? >> would you like to make a

comment? >> chief deputy, thank you, and commissioners tang, just for the benefit of the committee and those folks watching, we do budget each year to do one to three strategic analysis report and they typically are on policy issue and topics where you are looking for a quick information to support a policy decision or a scoping to lead to the next step and the procedure is once, the commissioner, requests this we will return with a scope that is subject to the approval by the board before you are authorized to begin the work and we will do that next week. >> just in two short weeks. >> thank you. >> let's go to public comment. >> public comment seeing none, public comment is closed. >> let's go to the next item. >> 6, public comment. >> general public comment is open. >> okay. general public comment is closed of >> is there anything else.

>> there is item 7, adjournle. >> thank you, this meeting is officially adjourned.you.

>> what do you think about working at an airport and i love it is busy all the time. >> we want it to be an those away was this is a venture if i

didn't love it i'll be an accountant. >> we want the experience that is a non-airport experience the negative stigma we're trying to erase that. >> everything is in a bad food to excite them about the food and they have time to learn about us. >> people are imitated by traveling and the last thing to do is come to a place fill of chaos. >> telling me how the extent of napa a farms came about. >> it was a vision of the airport director he had a suspicion of a really cool gourmet speciality market locally friendly products this market local flavors this is the best. >> can we get a little tour.

>> absolutely (laughter) ♪ ♪ >> so first on our tour. >> we have the clock we like to call it. >> this is coordinating it is made in san francisco. >> what about the customer presence. >> we like to get the permanent farther i love the cappuccino and you have to go to multiple places for the cupcakes the cup a cakes from kari's people want to live here they're longing phone call for one thing in one spot in you know anything about san francisco the cheese the most popular cheesy think a lot of the people from the west coast say so this the real san francisco sour dough and they're

curious. >> you find people respond to the idea of organic and absolutely. >> this is autumn. >> thank you, thank you and there's a lot of personal touch. >> i see san francisco. >> it's very hands on. >> what's the most popular items. >> this is quite surprising our fresh jotting this is the chronicle special a bowl of warm oats and coconut that's mites farther. >> and speaking of drinks tell me again the cocktail scenes is that one, the things your known for . >> the cocktails are fantastic. >> really. >> fresh ingredients we don't have a mixture it to order this

is our marcus bloody mayor. >> farmer's market bloody mary the bloody marys in the airport are great shikz it up. and then we're going to garnish it with olives. and some lime and a fresh stalk of selly. right on. >> we like

>> ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ it looks at good and tastes good