rops period. so, i have an example that hopefully will make it easier to understand. for example, we're in rops 13 b which goes from january to june. but let's say you actually made the expenditure related to that item in september. what dos is telling us there is no need to show that again on rops 14, 15 a spending activity. you can treat that as if it was rops 14 b. graphickically, rops 13 14 b [speaker not understood]. we tended to think $80 spent come july 1st needed to be under [speaker not understood] to capture all our activity. now what they're saying is, well, you have up until october 1st is the next reporting due date with dos. that's when we'll do the rops 1415 b true up report, the prior period adjustment and cash balances report in the fall rops submittal. so, really the january up to that point of when you report can be -- can be counted as the rops 13 14 period. we can accrue expenditures to that. there is no need to continue to roll those forward on rops. clean 14, 15 a makes that

so, in general, what changed since you last saw the rops? there's been ups and downs depending on the funding [speaker not understood] category. the bond proceeds have increased. and i will say again these numbers are still draft so we'll be refining up to the last moment. but as of right now these are the total and the current draft column. the bond proceeds increased mainly because we continued to refine our estimates on how much the mission bay infrastructure utilization of those bond proceeds will be and also adding in those excess bond proceed i just referred to. on the reserve balance it went down quite a bit because we realized there were thing we were rolling over because he we thought maybe we'll spend it in july instead of june and now we don't need to do that because we can accrue it to 13 14 b, same with other funds. on the rptts, it went up again primarily for mission bay. we're just continuing to he refine what the estimates of the tax increment will be and we always like to add a cushion for supplementals that might come in or

the rops is due, the oversight board will consider this on monday. the final date by which the successor agencies need to turn this in is about a week later in march, but due to the schedule the oversight board meeting, we will do our final mailing to the oversight board tomorrow. since you've last been updated on the rops, things have come out through the workshop, through the oversight board, and other dialogue with stakeholders as well as other city departments that might be implementers of item on the rops. and there are a couple of items that were left off and then a couple of new changes that we'd like to present to you for your feedback. so, with that, [speaker not understood], deputy director of ocii will present those changes. >> thank you, director. good afternoon, co

well that we can remind them as well, this is how you directed us to [speaker not understood] the rops. >> excellent, thank you very much. this is not an action item so we can move on to the next item, madam secretary. >> thank you. next item is item 6, public comment. madam chair. >> thank you very much. do we have any speaker cards? >> oscar james. >>> oscar james again. i want to bring up two things that -- well, three things that's been bothering me. one, certificate of preference holders in south -- well, i would say down by moscone center, that area, there were people that were relocated out in those houses, too, that had certificates that has not been brought up. and i think they should be added onto the list of certificate holders. the other thing i want to bring up is turnkey housing. back in '73, '74, i served on a committee, honorable [speaker not understood] and burton and i brought up the suggestion of about homeless housing and also turnkey housing, people who are coming out of foster care, [speaker not understood] housing. out of the 540 acre that's in the shipyard, they

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other proposals had been takingn people off those ropes.hose rop >> would cuts in the food sts in program uch as walmart? art? you described yoarlier. >> the ave been some interesting studies done on th when you give people a subsidy they tend to buy more food than they normally would. the food stamp program channelss dollars to these companies. if you reduce the dollars, theth dollars may go somewhere else. >> thank you v>> thankalan about the erabl. the dow adds .5 of 1%. 1the nasdaq gained 34. g ♪hanks for "tang stock."ng s

bit,ropping a little basically -- stocks dropped. watch out for the swiss franc, also the dollar.hese are the bloomberg top headlines. the chinese government is set to be targeting export growth. 7.5% this year, that is a lower target than last year's pays. that is according to people with direct knowledge of the matter. the goal has been distributed to economy evaded ministries and local governments. rose 7.9% in 2013 according to official data. unemployment rate climbed to the highest level in more than 10 years last month. that's in the aussie dollar to its biggest decline in a most three weeks. toyota, gm and ford have all said they are closing plants in the nation as a result of high-cost and a strong currency. the french finance minister says france is open to foreign business. he made his case to peter cook in an exclusive interview. >> france is back on track. we are an innovative, creative country and we are open to business, to foreign business. i say, welcome to american investment. of bnp are lower after france's largest bank posted a surprise drop in fourth-quarter pr