erica ching is our clerk. i would like to thank bob and bill from sfgtv pfor providing access to this meeting. >> this is an actuioion item. >> any correction to the minutes? is there anyone from the public wishing to speak? public comment is closed. any comment? we move it forward without objection. ms. ching, can you call the next item? >> the 2012 annual budget and work program. >> this is cynthia fong. >> good morning, commissioners. yes or the deputy director of finance and administration. why have before you starts with the fiscal year annual budget. this budget was brought to you at the preliminary stage for the information in. they have not received any changes from last month, and i have a short power. presentation for you to recap what we saw in the budget. as you may recall, the budget includes six different pieces. we have the tax revenue and a federal state and regional revenue, the capital expenditures operating with the service costs. this package includes four components, and the first attachme