in the new stationsis that something we can hear about at some point? >> i will discuss this with the project team before you report back. blacks item number 11 on your regular calendar is a presentation regarding fiscal year 2013 and 2014 capital operating budgets. >> ok. >> we will do this together. we have two different presentations to walk you through. one is on the operating budget. one is on the capital budget. this is really just an update for you. we will be having our first public hearing here at the next meeting, wind up the votes to take place. this is just to give you an update of where we are compared to when we last presented the budget to you at the november workshop. i think that we will start with operating budget. those are going to help to drive the power point and answer the difficult questions. i will walk through an answer them. so, first we want to start with just a review of what we presented previously. as we work to get this up, we will walk through our preliminary budget. what we have changed, what has changed in the overall