Should be submitted to the clerk. Items acted upon today will appear on the july 29th board of supervisors agenda unless otherwise stated. Okay, thank you, madam clerk. Can you call item number 1 . Item number 1 is a resolution approving a contract with Brookville Equipment Corporation for the rehabilitation of 16 president s Conference Committee historic streetcars and related tools, training, and spare parts in an amount not to exceed 34,482,428 and for a term not to exceed six years, to commence following board approval. ~ 34. 5 million and for a term not to exceed sixyear. Thanks. Do we have anyone from sfmta to speak on this item . Good morning. Im louis [speaker not understood], senior light rail engineer for muni. Thank you, supervisor mar and chair farrell for allowing us to present this project to overhaul 16 of the muni historic [speaker not understood] streetcars. [speaker not understood] and theyve been in regular Service Since then. Just due to normal wear and tear, they n
With a publically traded company we design based on understanding of the trust as to the absence of the material in the statement in the Financial Statement and this means that we develop an audit performance materiality and we audit to that threshold so we sample transactions and analytically test accounts so we do not test all transactions. We also perform a systems compliance with regulation with laws and contracts only to the level that can have a direct material effect on the Financial Statement and last well pine on the Financial Statement and compliance based on audit results as indicated earlier. We had two clean opinions. Okay we communicate significant accounts that require judgments or estimates. We consider these areas higher inherent risk because of the significance to the Financial Statement and because of the possibility of future events affecting that may differ from managements current judgment. The significant estimate hyphenated by systems in the reserve claims and e
Not to exceed 34,482,428 and for a term not to exceed six years, to commence following board approval. ~ 34. 5 million and for a term not to exceed sixyear. Thanks. Do we have anyone from sfmta to speak on this item . Good morning. Im louis [speaker not understood], senior light rail engineer for muni. Thank you, supervisor mar and chair farrell for allowing us to present this project to overhaul 16 of the muni historic [speaker not understood] streetcars. [speaker not understood] and theyve been in regular Service Since then. Just due to normal wear and tear, they need to be overhauled again. This overhaul will be a ground up restoration so the cars will be essentially new when they come back and we expect to get another 20 years out of them. Were only going to be taking four cars out of service at a time, so, service wont be affected during the project. The contract is with brookville equipment, Contract Value is 34. 4 million. And if you have any questions, wed be glad to answer the
Actionary analysis for debts incurred but not reported. Our audit consist of our own actuaries analysis reviewing the method and data and as far as the audit procedure we test the underlying data that both actuaries reviewed and were reasonable and fall within the range allowable understand the standards. In terms of the audit adjustments, overall noting the department does have the materially clean and reconciled books. We have no disagreement or difficulties with management. The finance and Accounting Department were prompt with request and had knowledgeable staff and complied with all of our audit request and we appreciate the assistance of pamela and her team of getting the audit completed on time for the citys requirement. In regards to no consultation with other accountants. We note to the board that to the best of our knowledge that management has not consulted due to management not agreeing with our analysis or interpretation of accounting literature. We have no major issues di
Item number 1 is a resolution approving a contract with Brookville Equipment Corporation for the rehabilitation of 16 president s Conference Committee historic streetcars and related tools, training, and spare parts in an amount not to exceed 34,482,428 and for a term not to exceed six years, to commence following board approval. ~ 34. 5 million and for a term not to exceed sixyear. Thanks. Do we have anyone from sfmta to speak on this item . Good morning. Im louis [speaker not understood], senior light rail engineer for muni. Thank you, supervisor mar and chair farrell for allowing us to present this project to overhaul 16 of the muni historic [speaker not understood] streetcars. [speaker not understood] and theyve been in regular Service Since then. Just due to normal wear and tear, they need to be overhauled again. This overhaul will be a ground up restoration so the cars will be essentially new when they come back and we expect to get another 20 years out of them. Were only going t