expenses and then allowed expenses to grow as we ramped up our capital program and acquired design and engineering and work of other departments. if you look at this chart operating and maintenance is what the port needs to operate and pay for the maintenance costs and depreciation and amortization is in the light green line and that's a very good indicator of what we should be spending on capital renewal and then operating revenues is the blue line that's even a little below in 2009, a little bo below in 2010, then skipping up in 202011, 12 and 13 and showing positive revenue. so on the real estate revenue, it's really the diversity of our portfolio that continues to help us perform so well. and this last 5 years includes a recessionary period and despite that we have seen continued growth in our real estate revenues and it's also the policy of this commission to require market rate adjustments in our lease terms that have really helped to grow this revenue stream. also as the city begins to recover we're seeing enhanced performance in our real estate revenues. we also experienced str

so for operating expenses the drivers of our future expense are primarily labor, a lot of it is what we have and paying for increases in fringe benefit costs and cola adjustments, et cetera, and the other part is from adding new resources and positions that we believe are critical to meet operating efficiencies, protect our revenue and respond to who we are today. also in prior years we had that non-cash adjustment for pier 70, the reduction of that environmental liability that we don't project having into the future. so this graphic just shows the main drivers, personnel expenses in the dark blue, charges for other city departments, other expenses, professional services. so expense growth is projected to outpace revenue growth resulting in a negative net income position throughout the projected period. atz i said, it still shows we can cover operating and almost get to renewal, but it's really the grants and contributed capital line again that small line starts at 25.8 million out to 1.8 in 1718 that is going to enhance our position. so it's other sources of revenue, it's the genera

the expenses for against this account for 2013 include about $800,000 on going expenses annual expenses mostly related to open enrollment materials every year. the preparation of the guides, enrollment application and additional videography and other on going services that we have in addition to the salaries for communications manager and our wellness coordinator. $806,000 are essentially on going expenses to do open enrollment each year. if we look at the funds that are available for 2014, we have -- i'm going to start at the bottom first. carried forward we have every year we use a little bit more than a dollar or less, over all we have a carry forward of $400,000 for the prior years and 2013 you can see the increase went in but it took us time to hire everyone. we have a surplus from 2013 and the $700,000 annual revenue. we have a total of $2.6 million. the recommendation for 2014 is to continue the building that we are doing for the health service system against using these funds to meet the charter requirements for the data analytics state and wellness efforts and initiatives. the

commission oversees and is responsible for will continue to have their exemption for the payroll expense tax and i and third our office will be providing forms and instructions throughout this year to help businesses plan for the change for businesses in san francisco. so how do we get here? i were all very well involved in the process in 2012 and i'm sure the processes the decade before that the board and mayor have been grandpa living with this. the mayor and the board working with the business community came up with a business tax change that was in place before the voters in november 2012 that passed with 70 percent vote for the change. the final step is for the office of the tax collector to implement what the voters 0 approved. and it's important we only implement with the voters approve there might not be gaps in the law or a fair reading of the law has multiple interpretations we can use our regulatory authority & but if there's something about the law that there's a feeling amongst the constituents and a taxpayers that maybe something needs to change or they don't like the categ

they included a $118,000 expense for maze and associates. that's the auditing firm contracted by sam transto catch these mistakes. >> they did do additional testing based on questions that have been raised recently. >> reporter: in november, the cfo told board members not to worry. >> they verbally reported that everything is fine. >> reporter: samtrans insists its audits have come back cle s auditors took a second look. >> it's always a judgment call. >> reporter: this for instancic auditor has more than 30 years of experience. he reviewed samtrans reports and responses. are those proper accounting procedures? >> if that is occurring, i would question whether it is proper. >> reporter: in a statement, samtrans says its actioning were appropriate and consistent with past practices and blamed expenses on ramirez. >> a unilateral action should not be possible in a big organization like this. >> i'd be happy to have my chief financial officer come on air, on camera and explain to you if there was a mistake made. >> reporter: but when we asked t

they included a $118,000 expense for mays arp & associates.t's the auditing firm contracted by sam trans to catch these mistakes. >> they did do additional testing based on questions raised recently. >> reporter: in november, the cfo told board members not to worry. >> they found no exceptions. they verbally reported that everything is fine. >> reporter: sam trans insists its audits have come back clean. but after our first report, auditors took a second look at the account where we founder roars. this time they did too. in a sample, mays found more than a million dollars of expenses that were inflated by staff, but did not deem the amount large enough for the agency to address. >> it's always a judgment call. >> reporter: forensic auditor has more than 30 years of auditing experience, 25 in government accounting. he reviewed sam trans'reports and responses. are those proper accounting procedures? >> if that is occurring, i would question whether it is proper. >> reporter: in a statement sam trans said it's actions were appropriate and consist

these mayor and board the state changed the way i s sf gets paid for they shifted $20 million of expenses that were going by the state to local government and gave us $20 million to pay for it so the city has $20 million more and that will require an appropriation. in the planning department their rover more fees than expenses and has a fee in the department they therefore need to refund fees or increase spending so you'll likely see a fee back that is included in increases budget. this is our general practice with those reports. we take into account those supplementals and this report assumes the ending balances assumes approval of the rent stabilization supplemental that's preponderance of the evidence in this committee for four and a half million dollars >> that's itself full amount. >> that's pending at the moment. so the report includes at the end is the appendix and so this slide is summarizing some of those i lick this table bus it's complicated. it's really showing you a picture in the two years the current fiscal year and the current year you've previously adapted the budget what

i am trying to prevent an expensive loss of teeth and retirement. it costs so much to have an implant that is not covered by your insurance plans. diabetes, i try to keep my sherbert lore. >> is this a good idea or bad idea? >> if paying attention to your health will keep your costs down. if you should focus on that. make sure that you're born into retirement help the and that you have saved enough. i have since situation where people are young, they look healthy and they look to have save money but one couple for example, one lady had breast cancer and her husband had type 2 diabetes. they're trying to take the natural route to keep those things that bay. >> they spend a lot money the most people and retired. that is something that factors in and health-care costs, you have to assume a 5% inflation. five percent on any health care costs. >> that is basically what a lot of people are thinking about. when i was younger i thought that. prescriptions' all add up. how much does a typical retired persons spent on health expenses? >> over the course, not

and expenses are not cut in half in retirement.mebody passes away in retirement, you don't just say, "here's my budget. i will it can in half." it's maybe 25%, 30% less outflow. it's important to model. or what if your spouse goes into a nursing home? how much will you have left over? or a pension. a lot of older people retire with a pension from lockheed martin or military. maybe they took a benefit where if they pass their spouse gets nothing or 50% or 75%. have you modeled that out? do you know if your spouse will have enough if you pass away early? >> let's talk about how long we will live. typically the guy dies at 93 and the woman dying at 95. it takes into account long-term care. cash flow start with a big asset at 60, 65, but it's down to almost 0 by the time you're ready to pass. >> yeah, that's the thing. the way i want to do it is bounce the last check i write the day i die and feel like i won. i'll give everything else and spend everything else that i can. you have to live until you're longer. when my grandfather passed

. >>> -- inflates expenses. i'm vicky nguyen. claims revealing a second set of books at the transit district in charge of cal-tran. we'll show you the money next. >>> and good afternoon. i'm jeff ranieri. after heavy rainfall, we're tracking three chances of potential rainfall over the next week. >>> and then at 6:00, does your child day care have a shady past, how would you know? we exposed a major problem for parents. now everything could be changing. the child reform ♪ what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. . >>> time to take you to the games. for continuing coverage of the 2014 olympics. this is a live look at the burning flame. the weather i

we wanted to ask about a second set of books used to create fake and inflated expenses.september, we asked her boss about hundreds of thousands of dollars in payments made to consultants for insurance. errors the district first denied then called honest mistakes. you insist it's a mistake when the people who made these entries were told to do so? >> absolutely. >> reporter: you say this is intentional? >> yes. >> reporter: david ramirez was an accountant from 2001 to 2012 and says he quit after getting fed up with finance managers ordering him to log fake expenses and to inflate others. he says the district kept this second set of books to keep track of the money. >> so this is where the money really went? >> really is going. >> we're talking millions now. >> reporter: he says this allowed finance leaders to hide millions so they could later spend that money at their discretion and avoid public scrutiny. >> this is something the auditors never saw? >> no. >> reporter: he said the money went into secret buckets for the ceo and cfo. we filed a record's request asking to se

don't go with the object request of the day when beijing and the giving of expensive holiday gift the tent. and now time for question today with engineers to do with their take on issues affecting their lives today we have people mistreat of their top and getting it all began. but the people how to say about the current situation. only ten am and i can keep the authentic and to get from the very rich. only at the price that the factor that i have to contest the claim. i would never do it might be in french it should not be judged on a price tag. i get around to dip each project. these issues. it's all about. there is a market of what you read this and if necessary. he also said something expensive but not extraordinary but i will sentence but you can see the spring. this year as it is important to have a kind heart. so that i seem to pry into my kid eat canned beverage in hand it to happen to you. if you asked me to alcohol and tobacco are not ideal it. for that i would perhaps not normally be willing to pay for it but if it would not want to ensure quality if you like who being you k

olympics kick off in sochi, russia, friday, and it will be the most expensive ever. russia says the $51 billion spent will be worth it, but some locals say they are not seeing any benefit. >> ski slopes, cable cars and stadiums -- altogether, 11 olympic sites over a 50 square kilometer area. none of this was here when the games were awarded six years ago. 25has cost 37 billion euros, times as much as the last winter olympics in vancouver and local authorities say it will bring long-term benefit to the area. >> everything that has been built, the ski slopes, the infrastructure, and the 24,000 hotel rooms will be used after the olympics. believe me, it is a legacy. >> sochi is now much better and acted with 327 kilometers of new road, train stations and a new airport. >> we live in such a good region. sochi was a summer resort before, and now it is also a winter resort. i do not think that in the future these venues will not be used. >> not all local residents agree. some say promised infrastructure has failed to materialize. have beently we connected to the water syst

legal services have found out ways to reduce how many expensive lawyers they need to hire. and that's kind of wrecked our business model and the problems that we're facing is the law schools and the legal profession isn't seeing that -- >> jillian, our profession is deeply cynical. >>> two reenls reasons for this, bmw and a steak, i don't have either. it helps many students realize that stem, science, technology, engineering and math is the best way to go. and programs outside the top 10 are not worth it. less mediocre lawyers are entering the field. and here is tristan. give him a listen. >> with regard to whether law school is worth it, at least at berkeley law, our applicant pool is about where it was last year, relevant to the rest of the country, i think people are still applying to berkeley law. job prospects have been good to me. and the government loan repayment program really gives public interest law a real boost. >> well, paul look. i'm an attorney. we are the golums of america. my digital producer earlier today said, i hate attorneys. most people are saying, you

the post war expense is 4%. government spending, a percentage of gdp is higher than post war and that's sucking money out of the private sector which creates the jobs and tax revenues to fund the government. >> we' always hearing from the liberals that we need government spending to help the economy. well, we n't. apparently government spending doesn't help the economy. >> not only that, it creates multiple effects. we have to pay brazil $147 million a year as a penalty because we violate some free trade thing because we subsidize our own cotton industry. so we're not only paying for the subsidiz rich cotton farmers but we're paying penalties fo doing this. >> john, this is just the way it happens. there's no other way that they know how to do business down there, is there? >> no. and it's got to be remembered, government can only grow at the expense of the private sector and after that we buy tvs from japan, bananas from guatemala, shoes from italy. farm products are no different. if it dippears in the u.s. tom

they still make it an expensive education and winds up saddling people with debt. i love main street lawyers compared with others, they should not be graduating with $150,000 of debt up. >> next we'll hear from a law school grad who has $215,000 in debt. and he can't get a job as a lawyer, his story when we return. also did you know that you can interact with this show on your smart phone or tab he had. there is an app for that. check this out. >>> tv is no longer one way with the stream second screen app, share your thoughts during the life show. disagree with one off you are guests? great, tell us. get exclusive app contest, receive graphs and guest information. interact with other app users in real time. you can be our third co-host. vote, tweet, record video comments and we'll feature them on air. use the app and drive our community's discussion on his live tv. this literally puts you in the control room. download it now at aljazerra.com/ajstreamapp and ♪ >>> i'm a professor of gorge to up, and lawyer in private stream." >> law schools are seeing a huge decline

the bishop's avenue in north london is one of the most expensive streets in europe it's been home to saudi royalty film stars and media tycoon this mansion is on the market for sixty five million pounds but some of the other properties here tell a different story an investigation by the guardian newspaper has revealed that large swathes of the most expensive part of the street have fallen into disrepair because no one is living in them that's about three hundred fifty million pounds worth of property boarded up and standing vacant but even as they stand derelict these houses are getting more expensive a former pakistani minister bought this house back in two thousand and seven for twelve million pounds it's now back on the market and expected to sell for thirty million pounds and it's a wreck there's nothing wrong with the road it is quite normal to have. maybe title twenty percent of the properties as we call it in the state of flux bishops avenue is off the wall and iconic road which is one of the best known names in the world and therefore it protects your investment it's a status

and salaries then were lower, but not as much lower as yale law school is more expensive. and i see this with my own law students which is one of the things that got me interested in this problem. you see people graduating with a lot of student loan debt and getting good-paying jobs and still being strapped. it's easy to graduate from six-figure debt. the highest debt load for a student i have personally known was $400,000, which i stress to add was not accrued at the university of tennessee college of law where i teach, but rather at pricey private undergraduate and graduate institutions attended prior to law school. but, you know, when you get out and you owe $400,000, it almost doesn't matter how much you make. in a job that pays a salary, that's a brutal burden. and the federal reserve recently did a study of the impact of student debt, and they found that students are putting off marriage, putting off car purchases, putting off home purchases and all sorts of things that we normally think of as kind of thing young and middle-aged adults do and that we sort of rely on

available budget, and we have been insurancing that such travel and the reimbursement for travel expenses conform with the controller's guidelines for business travel and we also take an additional step by the port commission, which is the port commission and votes to ratify the travel of any commissioner, which is an unusual step in the city but one that i think that the commissioner has shown great leadership on. and some summarizing the written policy, we have added one more step which would be to request that the traveling commissioner fill out a travel authorization form, this is in keeping with the requirements under the controller's guidelines and which calls for usually on behalf of the staff a similar type of form and again, it complains the travels and assures that the costs are reasonable and the purposes are appropriate and that there is available budget. but the definition of official business is pretty broad. but some examples include, the promotion or the development of court of san francisco programs and methods or administration, and friendship missions tourism or trade.

these wonder bags are very expensive for these people to afford. but through carbon finance, it can subsidize these wonder bags so that people can get them free of charge. >> he is looking forward to returning to his home village, about 300 kilometers away. he also has a dream for the whole of rwanda. >> i am old now. i would like to teach the next generation how to build small hydroelectric power plants. i would like them to continue my work and use all of the water power that rwanda has at its disposal. >> before he sets off back home, he takes one last look, and one last picture of the power plant. that way, he can show other villages how easily the facility works. >> when the global financial crisis -- crisis hit with its full force in 2009, it sent high a demand for diamonds. the global diamond trade is back into the double digits. desperate for the one fine i can secure food for days, weeks, or even months, many sift through the rubble of abandoned mines. there are those who try to survive by finding the raw materials for the insignia of the

the improvement is driven on both the revenue and expense side of the revenue this is driven by property tax and hotel tax and michelle can talk about that in a minute. on the savings side open the department spending side we see net good news in health and those are four pieces of newspapers property and health are the drivers of the good news. significantly when we talk about the budget plan the revenue growth has pushed us over the rainy day threshold. this is a reminder that the voters have adapted and if revenue grows by more than 5 percent the values over that 5 percent value 50 percent are in the reserve which we call the rainy day reserve and an additional 25 percent above the 50 percent line can be spent on one time uses and that's available for the mayor and staff effectively. this is a significant occurrence. this is the first time we've been in rainy day reserve. we continue to see the revenue improvement beyond the revenues we're talking about and 25 percent will be available to solve the deficits we're planning around and the good news will flow to start against the next do

from shale and from paris that happens and such but it's expensive oil it's expensive oil and we're not talking about stuff that you put a hole in the ground and you pump it up for a dollar a barrel we're talking about stuff that it's immensely capital intensive all right and very expensive we're talking the costs. of the oil from bach and places like that we're talking forty fifty dollars sixty dollars a barrel of actual costs and not only that but once it starts producing it tends to have a very very steep decline curve where production will drop off thirty percent forty percent the first year thirty or forty percent of that the next year goes like this was big wells in saudi arabia and such we jumped right in as for decades or so but yes it's something to people and it's going to get more expensive is the answer now we're a ways into that interview and we haven't touched that much on the u.s. yet but does that say anything to you about where the united states is headed in the coming years in your opinion. well it has we mentioned argentina before and it's very clear to me that the us

nice expensive range of lipstick stains. the kind of peace and is a plant scientist discharges is the whole coast the police and anti american towns. and unlike the ultimately uplifting combination. i'm testing a cow named today in lyon in kayaks. st leos like beets military spy aircraft to help protect its offshore oil and gas interests in maritime borders. it really is counting on them owing to the atp has signed an aircraft to dramatically boost its ability to patrol two point five million square kilometers of the maritime jurisdiction in the area according to nearly four percent of the world's oceans yes they sow maritime strike aircraft. yes i am anti submarine aircraft. the buyer also of border security a craft with an enormous capacity to so vile. alrighty sianz. the indian ocean on australia's west coast has become one of the world's most of my two routes for energy and raw material supply with over eighty percent of china's oil imports transmitting through the area. a third suspect has been identified in the twenty

the nice expensive range of my six paints. the kind of peace and is the plan signed up to the disease the holocaust the police and anti american towns. and unlike the act ultimately uplifting combination. by interesting i can infect and one encounters the he missed our family singers maria von trapp has died aged ninety nine she was one of seven children of the top family who escaped from germany and his musical career inspiring defeated the sound of music the family became popular for their singing and started touring around europe after the nineteen thirty five performance at a festival in nineteen thirty eight pronounced it became an active part of my pre germany. the family found it hard to break its hostility towards especially jewish children according to the family biography written by maria had to stay on top in september nineteen thirty eight the family escaped to italy and then traveled to the united states with the became part of the concert audiences and ended up settling in vermont seven children of the von trapp