[inaudible] we must replace the parking meters, so that is being maintained as a recommendation. We are shifting ongoing revenues to the operating budget as part of this process. We did need to do a onetime backfill of Capital Projects to make those projects whole, which is the 10 million there, and then, i constantly come to the board talking about operator rest rooms and keeping up our 100yearold facilities, so we have continuously appropriated funding for our maintenance facilities across the city. So as the Current Fund Budget proposal for the next two years. As i stated on slide 32 here, we started with a deficit of 66 million and 77 million. The asks over the twoyear period, ongoing costs, were around 90 million, so that would have been a 167 million problem to solve. All of the departments went back and revised their asks, the Public Feedback and board feedback that we received at the prior workshop. You can see our previous requests. The march 2020 column on slides 33 are the costs that are recommended to be in the budget. We could not afford the maximum requests that divisions had. We were clear about it, but we were able to include Strategic Investments to move a lot of these various elements forward. This includes funding elements of the Muni Working Group, making sure that were ready to open the central subway, including the staffer supervision that is required out on the street, the 9139s, vehicle Maintenance Positions as we have a new fleet and about to go into our first midlife overhaul on the new 40foot fleet, and also critical maintenance of way and other positions necessary for the maintenance of the subway and our fixed guidance infrastructure. So we went through a process to determine when these items were needed. So this is really funding the bare minimum that we need to stablize the existing service. Yes. The things that were not funded, to be clear, we did not fund the 6 and 6 poi. 5 servi expansion. That is not included in the budget. There are 50 other staff positions that we could just not include. A lot of them, julie spoke about, the support that we want to continue to provide to the operators. So while there is line and daytoday service supervision, we want to also, at some point, make sure we have the resources to include that support structure that the operators need. And then, there were other positions related to maintenance and subway maintenance that we could just not fit in the budget. So i want to be very clear about what we could not get, and this is it. Another key element is chairman heinicke do you have a question about that . Ill let you finish your presentation, but id love to hear particularly around the transit stuff ill speed through. The next one is i. T. Related support. The network infrastructure, the maintenance of the systems, and a lot of these projects that were funded as Capital Projects, after we implement these systems with onetime funds, we need the staff in place to make sure that we maintain them and they function. A lot of this was a large ask, 15. 6 million, this was stablizing our Technology Infrastructure to make sure that we can move into the next generation of system managem t management. This is just keeping the existing systems running. Im sorry. Im trying not to interrupt, but since you do that, is this an area where there are funds innovation or any type of funds that we can tap into, grant strategy programs . We did fund a lot of these programs and infrastructure with onetime funds, but to keep them going and paying the Software Licensing fees, but the bill has come due, so weve done our best to keep that going forward. Slide 27, we were fluctuating between 44 and 66, and we went with 66. That has been fully funded in the budget. We do anticipate that largely this cost will be offset by the p. C. O. S doing their business, so that was why we felt fully confident with that ask in the budget. Both the board and the delores blandin report have several asks, and those are in the requisition and included in the budget. Muni request, the original request was 17 positions. We got overwhelming Public Feedback about the positive impact of this program, so 20 positions have been included in this budget. Vision zero education was also a high priority, so we are funding onetime service and supply needs for both the safe routes to school and Vision Education Program and bumping up the staff just a bit to help do the appropriate outreach associated with that. We heard you loud and clear when you said we must fund kimberly ackerman, so her request was fit in. As director tumlin said, the target is budget investment. Its not to get to where we wanted, or where we want to be, but it does set a foundation to do those in the future, which is slide 32. So now its the nerdly part of the presentation. So nerdy part of the presentation. The largest m. T. A. Operating budget has since existed at 1. 3 million and 1. 34 million in fiscal year 22. Im just going to show you heres where we stood revenues wise when we bought it to the board. Youll see this minor tick up between slide 35 and slide 36 showing the revenue adjustments in 2,019. This is where it gets nerdy. You see we bumped it up with the final policy adjustments that you would approve, hopefully, when we get to the budget approval in april. Here it is by source, so youll see the general fund, again, is our highest contributor to our overall budget. Parking traffic season fines is the second largest. Operating grants from the state, largely transit assistance, transit fares, as well. Getting to a balanced budget. Salary continues to be our number one expense and continues to grow to be a large part of our pie, which well have to continue to start thinking about. These are, again, the requests that were in the budget so im not going to cover that again, on slide 50. So get to a balanced budget, we also covered this at the board workshop on january 28. So we made it very clear that we want ongoing sustainable revenues going to ongoing operating costs. We really heard the feedback from the board, so we will shift 30 million of our proposition b general fund setaside. This is Population Based from capital to operating. So we are able to do that in the next two budget in the budget cycle, and we have assumed in our fiveyear financial plan, we will continue to do that. We were able to backfill the project impacted with onetime project impacts with onetime Development Fees that we have now. There was no project impact in the next two years, but it does take a stable source of capital away from the Capital Budget ongoing. We now have one month of the t. N. C. Tax. We are estimating about 10. 8 million in revenue from that program, so youll see the 11 in fiscal year 22. In fiscal year 21, it says 16, because were collecting a halfyear projection. [please stand by] in those years we have gotten more than anticipated. I can reported while we cant on Planning Department projections that dont come in perfect, we have the 25 million in cash now from Higher Development impact fees in prior years. It is okay to approve this. It is out of projection what should come. We have enough in cash to cover that amount in fiscal year 22. That is a onetime source. We shrunk that as small as we could. That is recommended for fiscal year 22. We have the use of the fund balance at the lowest levels we have used in the current fiscal year we have 30 million in fund balance. This is a much lower amount than you have approved in prior years. I am not going to slide 52 again. It is a sum of the things in the budget. Slide 53 shows now the change in our five year financial forecast as a result of all of these policy changes and what we are recommending. We close the structural gap, as you would expect. We must have a balanced budgeted in fiscal year 21 and fiscal year 22. Our costs are growing faster than revenues. If we include the proposition b, 10 million impact fees, our costs will come right back. While the structural deficit is less, it is still something that requires another Revenue Source for us to resolve or we will just constantly be in the cycle. There will be a point where we will not additional expense. As the director said we have no choice to consider what we have to reduce. Is that based upon before this last few weeks projections . Yes, it is. Just quickly on the five Year Capital Improvement Program on slide 56, the board does also approve the five Year Capital Improvement Program, fiscally constrained capital projected. Here are the various programs. Transit optimization is one of the largest capital programs. On slide 58, you will see the sources we did include in the five year cip. We do assume a certain level of grants. Regional measure 3 to a period where we can get it. It has been included. 15 million for vision zero is in proposition d. We hope to get a state grant related to light rail vehicles and other Capital Improvements. That is pending with the state. We get regular formula funds through m. T. C. Which is in the capital program. We did not include the second giobond. We are starting the planning on how to use it. Proposition k reauthorization would additional sales tax. We are holding in the back pocket the ability for an additional revenue bond. We are not recommending it in this budget. If cash flow requirements require a revenue bond, we have an ability to do an issuance if needed. We talked about the regional measure that may or may not happen this november or sometime in the future. That would be the faster proposal. We have gone over this before. Slide 59 is the five year proposal. 157 projects for 2. 4 billion. We close central subway out. The project julie presented lrv replacement is there. A key priority of th the Muni Working Group replacement of computer based train control system in the five year cip. Elements of better Market Street are there. Advancing muni forward. Not entire 500 for the modernization but Niagara Falls to enough t to keep the projt moving. Here is the very detailed elements of the Funding Sources and amounts on slide 60 over the five year period at 2. 4 billion. Slide 61 just shows how much of the pie different Capital Improvement types should get and what we were able to fund. The reason we make this public. They think the m. T. A. Has say on the capital side. We are restricted how sales tax can be used and federal dollars. With a discretionary source we try to be transparent about that. Here is the list of projects on slide 62. Quick build on the transit and street side for the very first time. Very significant in large muni projects. 22 fillmore. Second phase of 14 mission. With the geo bond it is getting shorter projects but more higher dollars and more substantial are included in the five year c ip. In closing on slide 64, all of these investments should support our values. We went through this design. Even after all of this, after this budget is approved by the m. T. A. Board and by the board of supervisors in the summer, we still will have a structural deficit. We still require 756 million to close the backlog and keep the system in state of good repair. We will see the 3. 3 billion backlog grow. Our needs with regard to investment in the system continue to grow. We want to get to all of the things listed on slide 65 fully funding the muni equity strategy, anticipating growth and funding system. Ongoing funding for vision zero education, not when we can afford it. Modernizing facilities, getting to the Technological Infrastructure and mode share. This budget does not do that but it sets a foundation that is what we can do in the next two year cycle. There are opportunities to look for. There were two Transportation Task forces. We are on slide 66. It shows the options before us to help raise revenues to close those gaps that i discussed, and in 2020 and 2021 we will work to advance these. This is today. Based on the feedback on the options we presented today, we hope to return to the seventh on schedule with the final budget for your approval and five Year Capital Improvement Program. If we require additional time or if there are things to look at we will have a additional meeting to approve. The charter requires we get a budget to the board of supervisors and the mayor by ma. Of course that is one of the reasons we are holding this meeting today. Let me say this. Thank you for the thoughtful presentation. Thank you, we recognize the fact you had to put this altogether under the trying circumstances that are going on in if outside world and to you and leo and the team, thank you very much. Any Public Comment. If you have Public Comment i would ask you line up and, of course, maintain the social distancing protocols advised. Mr. Miller, please. Two minutes for each speaker. Yes, i am haven miller. This is kind of like a question. The chase center. Every ticket comes with a muni day pass, i understand. How much money do we get from chase center for that . An idea to make clipper more accessible in outer neighbors that dont have access to downtown metro is putting tbms at rapid bus stops and metro bus stops on the surface. Then getting more proof of payment into the system. I know we had like some Contract Security that is being added to the subway. Maybe just instead of Contract Security putting like prove of payment because then they can provide security while also enforcing the fares. Generally, riders like to see the fares enforced. Thank you very much, mr. Miller. Next speaker, please. I am Sarah Greenwald. Can you move the microphone closer to you, if you care to. Thank you. I am Sarah GreenwaldSan Francisco resident member 350 San Francisco. I appreciate muni doing the utmost under the virus constraints. I want to thank and commend s. F. M. T. A. For that. As you have been saying, we can see muni is not set up for this. Hasnt got support and what it needs to handle these situations. These situations can be expected to recur, to be worse. We now have a clear object case showing that you have got to have funding for emergencies like this. This is a time to insist on it because it is so evident right now. That is going to take extra time, and it is probably going to require some delay in the budget. Now you mentioned the city charter. I am not a lawyer. Getting that to happen is not my job, but i cannot believe as a citizen seeing all of the emergency rules and regulations that have been instituted over the past couple days. Really i have to say that holding this meeting today instead of making at least a slight delay makes it look like you are using this as an excuse to hide from the people. In closing one second. With regard to the budget, i think raising the fare for the monthly pass. Disincentivizes Public Transit. That has a negative effect as a marketing strategy. I advise you to look at that more closely. Thank you very much. Next speaker, please. Good afternoon. I am pj. I hope everyone from the board saw how many people emailed s. F. M. T. A. Opposes the fare increase on all Payment Options in addition to the 800 postcard and 500 signature petition we gave the board on february 18. We know Public Transit is reliable and safe and affordable is important. Our allies cant be here because of Public Health that is happening. They did their part by sending emails and doing phone calls to oppose the fare increase on all Payment Options. Yesterday i was trying to go to work. The bus is late even if there is a time indicator at the 14 bus stop. I attended all board of directors meeting from january to now. When we bring up no fair increase oh, no Payment Option we get the service will suffer if we dont raise the fare. We already are suffering with unreliable unsafe services. Every 10 increase in transit fares decrease ridership by 2 . According to the january 2018 university of California Institute of transportation studies, Mobility Research study on falling transit ridership in california, stop the fare increase on all Payment Options and free muni for all is just inequitable. Thank you. Mr. Weaner. I dont think this issue should have been presented today