None, Public Comment is closed. We should take Public Comment on item 3 seeing none, Public Comment is closed madam clerk, this is an action item on item 3. Supervisor chiu. Supervisor cowen. Supervisor farrell. Absent commissioner walker. Supervisor wiener. This item passes please call item 4. The preliminary 20142015 an amendment a thought prop k this is an informational item. Good morning, commissioners. What we have before you is a preliminary fiscal year 20142015 you recall this is our first look at the Transportation Authority 20142015 budget well have another opportunity to review the budget at the at the maze Financial Committee were looking for information we have a presentation ill walk through the financial numbers newer the authority and have my colleague talk about the other program just a little bit of why we present this budget to this committee according to the state statutes weve got to adapt a budget by june this is the sales tax revenue and the state and local revenu
Thank you very much. Madam clerk, any announcements . There are no announcements. To meet new requirement ill do roll call. Supervisor chiu absent. Supervisor cowen. Supervisor farrell. Absent. Supervisor tang. Supervisor wiener. We have quorum thank you very much please call item 2. Eight amendment. Are under any members of the public that wish to comment seeding supervisor chiu absent. Supervisor cowen. Supervisor farrell absent. Supervisor tang. Supervisor wiener. The item passes madam clerk, call item 3. That is is an informational slash update action. Thank you very much its nice to travel today on the matrix are 5 bills 3 to recommendation for support and 2 opposition bills. On the support the first measure is recently amended bill sb on page 6 of the matrix. So far attests on the matrix on page 6 it will grant to the recreational Transportation Agency and that definition includes San Francisco ta he the San Francisco bay areas low combroont the authority under current law to use
Project but to the city. The Contractors Center is 5 thomas melon circle in the bayview area open 8 30 to 5 welcom good morning, everyone. The the meeting will come to order. Welcome to the regular meeting of San Francisco Transportation Authority finance committee im mcly cowen the chair of the meeting and to my left a supervisor cowen and to my right is Supervisor Scott Wiener and supervisor farrell will be joining us as well the clerk is erica changing id like to thank our friends jonathan and others for broadcasting in meeting. Thank you very much. Madam clerk, any announcements . There are no announcements. To meet new requirement ill do roll call. Supervisor chiu absent. Supervisor cowen. Supervisor farrell. Absent. Supervisor tang. Supervisor wiener. We have quorum thank you very much please call item 2. Eight amendment. Are under any members of the public that wish to comment seeding supervisor chiu absent. Supervisor cowen. Supervisor farrell absent. Supervisor tang. Superviso
Item byline item in addition to how the break up the capital costs and the administrative cost and attachment d is a line item description of how we came up with the estimates in addition to any projections we anticipate or any changes we expect to see coming up. This chart here is a pie chart of total revenue of the 20142015 budget. We expect to see a total of 1 hundred and 54 million. The revenues we have is our sales tax revenue a piece of information the sales tax revenue represents 80 percent of last year but we expect to see a larger amount of federal and state mainly for the grant revenues the yerba buena idling project were expecting 44. 9 million. This represents the majority of the type grants were receiving in terms of which other revenues 5. 6 million the bulk represents the first payment from the title and this is the first time payment of 3 we anticipate. As i mentioned the state revenue part of it is coming from the yerba buena grant and the other program we have vehicle
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