Thank you in light of that its not playing the devils advocate but a lot of the the programs people begin to count on it and i think it would be a mistake if we didnt at least entertain the notation of continuing the agenda item so were continually updated and obviously, the stakeholders and public villaraigosa an opportunity to abstract to the discussion i wouldnt want to find out proposed cuts. I want to have dialog each meeting and if theres nothing to report then so be it but to over discuss it and over analyze it would benefit all of us picture thats my request unless theres objections. I want to pout you are definitely psych we need to come quarterly and give you an update. We laid out our plan of attack and everyone i may ask for saubs in doing things and i think everyone has a stake in that and when we get to a point to reduce costs that will, you know, be, you know, give them information to let them know that programs that weve funded are in jeopardy. We need to do. You notice
So staying true to the conserve fund and limit funds megathats appropriate under our financial circumstances. So no proposed position increases just that vauchlt for the resources to address the development of new customer opportunity this is current; right . Can you provide us with the charter our talking about. Id be happy to ill come back with that. And as transparent as how they relate the positions going out and the new deployment. Sounds like its good. That is slide 14 were summarizing the same information just a different picture of adapting a budget and the requested changes over 14, 15 and 15, 16 with the largest change with the purchase of power and our anticipated increase of costs in invoices from pg e on transmission and distribution. You can see the capital costs stay pretty much the same 3 percent or so that the city budget for and then the real increases occurring in the transmission and distribution costs and where are you in the book. Im on slide 15 under tab one hetc
Satisfy the 15 percent of operating right side and expenses and the debt coverage ratio. So in year one and two were satisfying that debt service so were technical low meeting reserves but by 3 through 10 its no longer substantial. How much is that president ial thats about 27 to 28 million so right now we have 20 million in reserve so were showing that next year and in the two years as well. I want to highlight although were submitting a two year budget its eating into our reserve so i hope to meet quarterly and if we are looking at, you know, not increasing our revenue it would be prudent to start directing our costs. So instead of waiting for year two and our reserves are down to fumes we need to do corrective actions as soon as we know that we know things were planning on pursueing. We probably need to really, you know, pursue a lot of those things were pursuing and get back to you im looking the bar chart that says in the coming fiscal year year one were down to 2. 7 million. That
I was young a and a vicious ambitious. At the same time the Church Committee hearing was televised a and these were the congressional hearings that exposed cia activities misadventures from the 50s and 60s and senator church in big chunks were televised. Weaver on cspan if i am not mistaken bet watching this i do nothing about the cia it had no visibility at all. But it just occurred to me that if the cia did have lawyers it occurred to be theyve made need some so it was a shot in the dark. Host or they may need some new ones because there was some wrongdoing. Guest whenever they would get themselves into a pickle the cry would go out the cia needs more lawyers. I did not know it but i was hired with the first wave of new lawyers. Host people are still confused why the cia is different than any other agency of the u. S. Government. Summarize why do we need the cia and who is in control . Guest of course, it is a secret Intelligence Organization since 1847. 1947 it was shrouded in myste
Theyre trying to determine the fate of 10 japanese employees of Engineering Firm jgc corporation. The company confirmed friday that seven other japanese employees are alive. During the standoff, an algerian tv station aired audio recordings of communications between the countrys Security Forces and the militants. The algerian government is under fire for failing to release updates on the hostages since confirming the deaths of 23 on saturday. Officials say Prime Minister Abdelmalek Sellal will disclose more details at a News Conference later on monday. Dozens of hostages are still missing. Japanese and u. S. Regulators are investigating the company that makes batteries for the boeing 787. They are trying to figure out why the battery produced smoke that forced a pilot to make an Emergency Landing. Officials with japan transport safety board and the u. S. Federal Aviation Administration visited gs yuasa firm the pilot of an ana flight made an Emergency Landing in western japan after a s