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And of the two totes onehundred and 6505 would still allow a savings of 1 million plus in the department 2013 and fourteen budget. Part of that would result in the saves of the city general fund and our recommended savings would be ongoing savings and one time savings still allow an increase of 89, 10th percent and that would result in savings to the general fund in 2013 and fourteen and well report back to you next week any questions for mr. Rose or staff at this time. Colleagues at this time why dont we suggest going into re good afternoon, everyone. Welcome back to the budget and finance Co...

Facility rental costs and thats the our satellite as well as the bernal street. And there is the replacement of vehicles that were required by city ordinance. So, were replacing 12 vehicles. Major initiatives that were involved in, the creation of the db unit which was in part by your support. Were getting ready actually to get that unit rolling this month. Well be inviting all of you actually to our opening. Another thing that we started this year is we started with a d. A. Staff. Its the beginning of creating metrics in the system to look at performance to assess areas where we can approve u...

Approve the proposed resolution as amended. Just to clarify, the budget amount recommends amending file 5 with regards to the fund and in addition, it looks Like Department also submited some language to change for item 6. Currently it reads that the clerk of board is directed to file a copy of said form of prepayment agreet with minutes of this motmeting. Amended language should read, the general manager shall submit a copy of the prepayment agreement for the clerk of the board for inclusion in file 121203 i. E. , and that is a request from the department to make amendment. There are two amen...

Quickly distinguish who would be our wholesale customers versus retail . Our whorl sale customers are primarily san mateo, santa clara and alameda counties. They are 26 agencies that provide water to aapproximately 1. 5 Million People outside of San Francisco. Inside of San Francisco, are our retail customers and our retail customers will also benefit from this, because they will see lower bills than they would have otherwise seen with the capital repayment. The Commission Approved this back in december. It provides for ratepayer relief in the flare term, specifically in the next 810 years for...

Dagen and connell it is yours. Dagen thank you very much. Will that topic come up this hour because the president is set to speak at the white house . Maybe he will hit republicans over the head with his reasons for raising our Borrowing Limit in this country. Connell thats expected to be the main focus. We will see. We have other big stories today, including apple. Stocks on sale getting hammered on word the company is ordering fewer iphone parts, not enough demand apparently for the iphone. Dagen lets look at that stock among others. Nicole petallides is on the floor at the New York Stock Ex...