the tima board has acted on several things related to the transportation implementation since 2011. there are a number of things we are working on and bringing to the board over the next year. this is a presentation on those things that we are working on now but the background bob covered. maybe i will show this is the new transit that tida calls for and tima is responsible on island shuttle and bus transit will be funded by the toll revenues and fare revenues and transit pass purchases. the bus to the terminal which exists and the new muni service will increase over time as the development goes out per the 2011 plan funded by the city general fund. the same way other muni increases to new development throughout the city. the tima board approved policies in 2016 calling for all travelers regardless of residential status to be eligible for the toll. not only residents but other drivers driving during the congested period would be subject to the tomorrow. most recently in 2019 the board adopted an exemption to the toll for existing residents. those are two key actions that happened. lo

we will be presenting that at the up coming tima board meetings. we also conducted a full review of our operating costs and have taken the following costs to reduce expenditures, including the delay of hiring staff positions, decreasing debt service costs, and reducing administrative operating costs and expenditures. finally, we are proposing to reduce the revolving credit agreement by $50 million from the adopted budget, and this decrease is mainly due to a higher ending fund balance at the end of last year, with capital expenditures coming in lower than anticipated. we will continue to monitor capital spending closely, and if we pull down from the revolver we will bring it to the board for approval. next year we'll be presenting the 2022annual budget and work program for information with the final proposed budget for adoption in june. and with that, i'm happy to take any questions. >> chairman: commissioner melgar? >> yes. thank you. thank you very much for the presentation, ms. yu. i do have a question. in the decreased expenditures from prop "k