obviously that's a really hard thing to do especially as you get further and further out in the cip. but that's the best we can do is estimate and we have very skilled people in our infrastructure and enterprise teams that put those cost estimates together and they're thoroughly vetted. once projects are in motion and we can have more accurate information then we kind of figure out where the funding is coming from if it's mid-year. but updating the cip annually and having a rigorous process every two years to really go in depth on those projects allows us for a kind of a rolling approach to acip planning where we can put our best estimates in at the time of adoption. >> okay. >> steve robinson, assistant general manager for infrastructure i'll confess to being distracted not hearing your question if you wouldn't mind repeating it please just take a look at the capital projects and you come up with the these are more important and prioritize them but then it seems that you know affordable already with the contractors. how well do we meet when we we estimate this contract is going to b

. >> and under his leadership, as dennis mentioned, the cip grew from millions of dollars to billionsof dollars which frank often rolled his eyes at. >> he demonstrated unparalleled expertise and insight, institutional knowledge. >> and he was the type of person who could always answer the question why are we doing it this way or what is this way? >> the thing i just came across. he's usually break out an anecdote from 10 or 20 years ago. many times i would come up with a great idea for a process improvement and he'd say oh yeah we tried that in the 90s. >> and he didn't always do his job cheerfully. in fact he had a well deserved reputation for being a bit of a curmudgeon as he tried to defend fiscal responsible, glitzy and budget transparency. he had everyone's respect and affection and everyone trusted his judgment especially me. >> he really cared about his staff and he mentored many, many public finance professionals, some of whom are here today. >> i really want to express my deepest gratitude to frank for his service. we really miss you, frank. i want to recognize your lasting

develop the operating and capital budgets that service budget and capital improvement plan also known as cip in april as staff will present a budget outlook to the board followed by draft budgets at a public hearing in may and finally in june 2025 the tjp board will review and approve the final fiscal year 2526 budgets. the preliminary operating budget is projected at $28,344,000 which is approximately $618,000 less than what was provided to the transit operators in september. >> the projected total operating revenue has increased by close to $2.6 million resulting in a total reduction of $3.2 million. the transit operators contributions. next slide please. >> the increase of 2.5 million in revenue is due to the extension of the supplemental arm to funds for another three years to offset transit operators contributions. mtc has staff completed a thorough review of the five year budget outlook and evaluated the financial necessity of continued supplemental room to additions for additional three years. this recommendation will be presented to the mtc programing and allocation committee in spri