Be zero by enterprise. It can be anywhere. Maybe somebody comes up negative five and that balances it somehow. I dont care where it is. I wanted to leave it to you and staff to figure out how to accomplish that. All right. Well give it a shot. Again, the process has achieved part of the objective. I will say twothirds of it. You have done a lot of work already to trade things off and its also very transparent. I can look at those and the objectives. Its the closed piece, that last piece is what im looking at and also it should go without saying that it doesnt sacrifice my favorite projects or the president s favorite project. Thats often the tendency and thats how we gain budget process. Second item is the desaul project. Some of the defunding for that has been deferred. I dont know what the answer is. Let me tell you what my concern is we need to be able to restore the yield to 265. There is only handful of projects that have a chance of doing that. The ground water storage and recove
Flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised thatd ringing of and use of cell phones, pagers and similar soundproducing devices are prohibited at this meeting. Please be advised the chair may order the removal from the meeting room of any person responsible for the ringing of or use of a cell phone, pager or other similar soundproducing advice. Please be advised a member of the public has up to 3 minutes. Item 5, items be listed on the agenda. Item 6a, executive directors report. Good afternoon, commissioners, port staff and our two member s of the public that have joined us three, sorry, thank you for coming. You can always tell when were doing our financials by the incredible turn out that we have of the public. Having said that, i do have a very short executive directors report and then i want to mention a new section of our agenda called the commissioners report.
Please be advised the chair may order the removal from the meeting room of any person responsible for the ringing of or use of a cell phone, pager or other similar soundproducing advice. Please be advised a member of the public has up to 3 minutes. Item 5, items be listed on the agenda. Item 6a, executive directors report. Good afternoon, commissioners, port staff and our two member s of the public that have joined us three, sorry, thank you for coming. You can always tell when were doing our financials by the incredible turn out that we have of the public. Having said that, i do have a very short executive directors report and then i want to mention a new section of our agenda called the commissioners report. First is that the on february 13th, which is this thursday, we will be welcoming the maiden call of the asmara club west. This will be her first call to the port of San Francisco and she will be arriving february 13 and staying for two nights so she and her guests will be here fo
Financial plans for water heche and power and thats as you develop the heche plan would need to revolve that. The final is a question, one of the things that i had asked for at the beginning of this was some kind of review of the Commission Adopted policies to see how this budget either accomplishes or fails to accomplish the objectives this commission has set up in policies. I know you have done a lot of work on that. Todd has this incredible binder on every policy we have on that and going back on it. Are we going to get a summary of how that looks . There are over a dozen policies. We are comprised in the enterprise tab we break it down by Key Commission goal as well as Key Commission objective much of overlap your policies to Community Investment and final stewardship and ratepayer assurance and we worked with the Controllers Office to public our ratepayer scorecard and as commissioner moran mentioned we have as the companions to that a detail checklist of all the budget discretion
In the maritime revenue. So for operating expenses the drivers of our future expense are primarily labor, a lot of it is what we have and paying for increases in fringe benefit costs and cola adjustments, et cetera, and the other part is from adding new resources and positions that we believe are critical to meet operating efficiencies, protect our revenue and respond to who we are today. Also in prior years we had that noncash adjustment for pier 70, the reduction of that environmental liability that we dont project having into the future. So this graphic just shows the main drivers, personnel expenses in the dark blue, charges for other city departments, other expenses, professional services. So Expense Growth is projected to outpace Revenue Growth resulting in a negative net income position throughout the projected period. Atz i said, it still shows we can cover operating and almost get to renewal, but its really the grants and contributed capital line again that small line starts a