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 for valentines day, what a terrific place to celebrate. Its a much smaller ship than som
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 at 25. 8 million out to 1.
From continued enhancement in the increase in the number of passengers that are visiting San Francisco from 202,000 projected in 2013 to 261 for our projection period. Were also assuming that 6 passenger facility charge and special events and parking revenue from pier 27 which at the end of the 18, about 1. 8 million. So the cruise investment is paying off 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
Emancipation proclamation. But followed by other historians on the controversy and debate. Part of four days of American History tv at 9 30 on cspan3. The president of the United States [applause] thank you. Happy new year to you. Hello, everybody. Thank you. Everybody have a seat. Good afternoon, everybody. Welcome to the white house. I realize that the last thing you want to hear on new years eve is another speech from me. But i do need to talk about the progress being made in congress today. For the last few days, leaders of both parties are working toward an agreement that will prevent a middleclass tax hike from hitting 98 of all americans starting tomorrow. Preventing that tax hike has been my top priority. The last thing that folks like the folks appear on this stage can afford right now is to pay an extra 2,000 in taxes next year. Middleclass families cannot afford it, businesses cannot afford it, our economy cannot afford it. Today, it appears an agreement to prevent this new
And i think by any terms, he is doing great. He is a household word. Those are just two examples of people who were passionate and knowledgeable and found their way into an area that people were not following. It was extraordinarily, these are the people you should be looking to, not me. My path was weird and cannot be followed. Lets open it up to questions from the audience. When you come to the microphone, please give us your name and where you go to school. If anyone would like to come up. Here is our first inquire. He is adjusting it. Until someone gets the courage up, you mentioned nate silver. He offers the fascinating thesis that it is that talking heads on all the cable channels are the ones who are constantly predicting things that, believe it or not, have the worst prognostication records. He said that the amount of minutes you are on television are inversely proportionate to the accuracy of your predictions. I listen to your show every sunday afternoon. I want to know, i saw