for our organization, the transportation authority fund sponsors many of the capital projects with caltrans -- i'm sorry caltrain, with bart, with city departments such as m.t.a., b.p.w. -- d.p.w., and tjpa. all they are passioned through these sponsors, but the assets for building these projects are not an asset we book on the authority's books. instead what we have is $150 million commercial paper we issued back in 2004 to fund all these projects. as a result of that where we don't have the option to record these assets on our books, all these assets are recorded on the respondents' backs and leads to a negative number of $108 million. in c0r ands with the budget approved in june, we intend to -- in accordance with the budget approved in june, we will have a positive enough. supervisor mar: let's open up this up for public comment. seeing none, poub comment is closed. colleagues, can we move this forward without objection? >> this is an informational item. >> mrs. cheng, could we have the next report. >> a report on the results of the november 2, 2010 general election. this is an informat

it's my commission and we work closely in partnership with caltrans and previous guests on all aspects of the bridge. in fact the organizationwork for collects all the things, group that i work for, if you broke down on the freeway, my organization does that, as well. if you take transit and you clipper cashed which is an electronic fare payment device that is good on all bay area transit, you are always with mtc. you are place you probably never heard about but we do a lot of goods and services that you use every day. >> speaking of public transportation, how would you rate the public transportation in the bay area? >> we have many different options, they can take the bay bridge, many other bridges but a ferry, too. they can take bart and also a.c. transit bus so we are blessed with options, the bay area has the largest transit system west of chicago, bigger than l.a. but their population is much bigger than us. but we have problems as well. we have funding shortfalls that have manifested themselves with service cuts and fare increases. >> i think a lot of people are saying, what can we do about this, cutting service and ra