through tjpa-owned parcels n and n' at no cost to the tjpa, to allow for construction of the transit center. >> is there a motion to approve the consent calendar? >> second. >> all those in favor? suppose? passes unanimously. let us move now to the regular calendar. >> moving into the regular calendar. item eight. presentation of and public hearing for draft fiscal year 2011-12 capital budget in an amount not to exceed $220,296,000 and draft fy 2011- 12 operating budget in an amount not to exceed $4,239,000. >> sarah will report on this item. >> good morning, directors. this is the presentation of the draft budget for next fiscal year and it is for information only. i am happy to answer any questions. next month, we will bring you the final budget for adoption. it is a proposed $220 million budget for the capital side, $4.2 million on operating side. the largest percentage of the capital budget, 94%, it is for professional and specialized services. we keep our staff size small and we use consultants and contractors to assist us in moving the program along on schedule and within budge

this is the budget outlook under the tjpa budget policy. we do the fiscal year budget in a three-step process. we bring you the outlook, which is sort of a broad overview narrative. in may, we will bring you a draft budget. in june, we will bring you the final budget. we are really managing this project under the baseline budget that you have approved. the 1.589. the fiscal year budget is really just a slice of that capital budget. each year, we aggressively estimate expenditures and bring to you what we believe is our best estimates of the slice of the overall capital project, but because we are funded by grants and those grants do not expire, if we were to excel expenditures, construction was occurring ahead of schedule, we could always of men the fiscal year budget to bring things forward as long as we are within our overall capital budget. as in years past, this fiscal year budget will look very much like previous fiscal year budgets, other than, of course, the construction line items will be much greater. the major expenditure categori

it is our advice to the tjpa border of directors that you do just that. the cac would like to see this item put on calendar for a more thorough discussion. the cac continues to work with staff and we would like to call to your attention the wonderful work that has been done by our staff liaison and harassed secretary, who worked well with us. thank you very much. >> thank you. >> [inaudible] >> okay, moving into the consent calendar. >> [inaudible]

it is our advice to the tjpa border of directors that you do just that. the cac would like to see this item put on calendar for a more thorough discussion. the cac continues to work with staff and we would like to call to your attention the wonderful work that has been done by