>> first of all, i also want to take time to say a very special thank you to leslie katz. having the time to work with leslie, she was very hard working. her heart and soul was in san francisco. being a former supervisor, being a commissioner, and leslie's commitment to social justice and politics, and leslie was always very proud that her dad was one of the attorneys that represented dr. martin luther king, and so we will definitely miss leslie. thank you, corrine for that touching shout out about leslie. well deserved. i want to say to commissioners gilman and makras, welcome. you jump right in. thank you so much for that. and doreen and kimberly, thank you for the time that we've had on the commission. i just want to bring the commissioners up to date on what we were doing. i missed the last meeting. i was in melbourne, australia, and i went to nashville, tennessee for the anniversary of the assassination of dr. martin luther king. we need to talk about the seawall commercials and to use it right here and bring it down home so that we can really get the seawall going. an

it says, "in appreciation of leslie katz, port commissioner for her exemplary stewardship and legendary contributions to the port of san francisco, march 2011 to may 2018." [applause] >> okay. everybody, let's take a picture with leslie. [inaudible] >> after your comments that i have things to say, i'm actually at a little bit of a loss for words at the moment. i just can't begin to thank all of you enough for your wonderful kind comments and support. kind of funny being on the other side of the microphone here, or the other side of the dais. but it really was a walk down memory lane as we're recounting all the projects that happened. it actually seems like it was a relatively short period of time that all of that has transpired. i started -- i actually did try to put together a little bit of a list of people i really wanted to acknowledge and thank. and i know sometimes burman, kathrin purcha kathrin purcell. when the public comes down to the waterfront, i don't think they know what's been involved in keeping the port pristine. we have the unique feature of being up against the vibrant

with commissioner adams, in the long-term in the port, we put that 100 million in the port, as leslie katz said, but we say, when are we going to get that 150, that 200 million? if you do it year by year, inch by inch, you're not going to get there. you have to kind of think of it in terms of the leaps forward that you have to make. there are some things -- i think one of the things that you mentioned when i was about to interrupt you, you know, i understand on the pension expense which is obviously on an accrual basis. i would like to know what the crossover with the budget side is that when you actually have to payout on the pension side, is -- do you budget for that, or does that just come out -- in accrual accounting it just goes on the balance sheet. it's a cash item for you. you're actually paying out, but it doesn't show in your budget. >> that's correct. >> so that's one thing for us to realize because that's going to be a bigger and bigger number. so you're actually paying it out in cash. it's not showing up in your budget, but it's certainly going to affect your audited statement