director heinicke. director heinicke: thank you for the presentation. first of all, what currently -- these are all about 2010-2011. what is our reserve our fund balance? >> we're actually closing the books in 2010 so our funding balance will depend how we close year end so we will have a better picture for you sometime in the september maybe in the workshop time period. so we expect to end the year off with a slight fund balance. director heinicke: the question is more at the policy level we shouldn't mistake some of this rosey news for a situation where our fund balance has been restored and still the case that we -- we would have limited ability to respond to any significant emergency? >> and that's true, director. actually we are sort of -- you decided not to follow your own policy about funding the reserve these two years so that continues in our projections that we're not refunding the reserve. director heinicke: right. and that's something we may want to revisit in september because there are some implications to that. i am not saying one way or

director heinicke: right. and that's something we may want to revisit in september because there are some implications to that. i am not saying one way or another. that's something we need to revisit to the board as to whether we continue to ignore or defer that policy. chairman nolan: especially as we continue full restoration of our -- according to your policy right now we are at a deficit spending. director heinicke: correct. because whenever there is a surge in energy price, so i appreciate revisiting that in september. second question, $1 million in adjustments to work orders. is there in particular work order or a bunch of them with nickels and dimes? >> across all the work orders. we will update it at the september workshop as well so you will get a detailed number. director hinge he ry: this isn't a -- director heinicke: this isn't a particular number. on the very first line item of the revised operating budget expenditures, you have $10.3 billion of combination of service restoration and the wage incr

chairman nolan: director heinicke. director heinicke: this is a suggestion or request for next time, if possible. these are obviously huge numbers on large-scale projects which are difficult for me and presumably the public to translate to actual service. and one thing that i'm always interested in is, what is -- what effect is our state of good repair in capital system or asset system having on service today? and so if in the future discussions of our state of good repair we could have some presentation as to the current effect on service, you know, so many runs are being missed or whatever because of state of good reparish use, and here's what we anticipate if we don't do what's suggested here. i think that's a good way to make this understandable to us and so folks understands this isn't just money for building shiny monuments. this is money to keep the system running on time. director beach: exactly. excellent point. chairman nolan: thank you very much. >> next item is the joint powers authority has been hosting se

director heinicke: let me ask it three ways. how much did it cost on salaries and maintenance to restore 5% of our service or addback half of the service we -- add back half of the service we cut? how much service did we gain thanks to the other unions and how much are we paying total for this $5.75% increase? >> so let's start off with the savings we got from the other labor unions first. that was somewhere in the $9 million. director heinicke: $9 million for the -- >> local 21. >> the labor increases for the t.w. added up to about $11.2 million in salary line item and another $2.5 million in the trust fund payment. so about $14 million total. director heinicke: $14 million in salary and benefits to restore half of our service cuts? >> no, for the t.w. increase. director heinicke: it cost us $14 million. >> right. director heinicke: how much did it cost us in salaries and benefits to restore the percentage? >> so $4.3 million to add back the service component. director heinicke: thanks in part to $9 million from the other uniyo

director heinicke. director heinicke: thank you for the presentation. first of all, what currently -- these are all about 2010-2011. what is our reserve our fund balance? >> we're actually closing the books in 2010 so our funding balance will depend how we close year end so we will have a better picture for you sometime in the september maybe in the workshop time period. so we expect to end the year off with a slight fund balance. director heinicke: the question is more at the policy level we shouldn't mistake some of this rosey news for a situation where our fund balance has been restored and still the case that we -- we would have limited ability to respond to

chairman nolan: thank you, director heinicke. director beach. director beach: chairman nolan, members of the board, in putting together a budget of this year and next year, one of the things that was a key component to that was the math -- was the m.t.a. being the only parking permit. if staff could bring back a status of where we're at of being the sole issuer of parking permits. this building was surrounded by permits we didn't issue. and my travels throughout the issue i see other parking permits issued by other kinds of public agencies. if we are going to in fact control that we need to get with that and -- because it was a key component of our budget. chairman nolan: would members consent? mr. ford, could you bring something back to us? director ford: yes. chairman nolan: any new unfinished business? seeing none, ok. ms. boomer. secretary boomer: item 7, executive directors worm report. >> good afternoon, mr. chairman, m.t.a. board and the public. i begin by recognizing our staff for the contributions they have made to the agency for the mo