From the prior here, and were allowing a small amount of increase for Retiree Health which is the other agency wide costs i am showing here. We spend a Million Dollars a year to the commitment for the retirees that we give the support for the health insurance. This is another look at the admin costs. Down by the more detailed break out of really the administrative support costs. You can see the salaries increasing by 7. 7 partly due to coalace the pension contributions and as i mentioned one additional position and the filling of vacancies. Retiree medical insurance. Were allowing for a slight increase in that. Other things are fairly constant. We are allowing for a slight increase in rent. We dont have that charge before you from the city. Weve had savings in insurance costs and were allowing for a small increase in our it costs. That maybe related to refreshing our server and possibly using were still negotiating with the city over we will virtualize our servers with the city or do t
From the prior here, and were allowing a small amount of increase for Retiree Health which is the other agency wide costs i am showing here. We spend a Million Dollars a year to the commitment for the retirees that we give the support for the health insurance. This is another look at the admin costs. Down by the more detailed break out of really the administrative support costs. You can see the salaries increasing by 7. 7 partly due to coalace the pension contributions and as i mentioned one additional position and the filling of vacancies. Retiree medical insurance. Were allowing for a slight increase in that. Other things are fairly constant. We are allowing for a slight increase in rent. We dont have that charge before you from the city. Weve had savings in insurance costs and were allowing for a small increase in our it costs. That maybe related to refreshing our server and possibly using were still negotiating with the city over we will virtualize our servers with the city or do t
The pension up to full funding. Well, really calpers has decided and makes a lot of sense actually to split the two apart so in terms of percent of payroll it will go down to 9 but theyre going to charge a dollar amount and to bring it up to full funding requires the contribution regardless of how much staff we have and estimated that for 537,000. Its going to go up theyre phasing it in and go up over the next couple of years and then stabilize and go down hopefully. They give a discount if you pay up front and 20,000 a year and taking that option of the lump sum payment so if you combine the two together its 5. 8 million. We have an estimated annual amount of 11. 5 million for administrative costs. And im going to go into some more information more detail as we go. These staffing costs this budget does allow for the 6 cola which was approved in the labor agreements that you just approved. That was just implemented and there was a three and a quarter percent of cola for staff and this
And robs authority and we are asking for a prepayment authorized by the state department of finance to be spent at the rops 1415a period and the second bullet point on this slide is for an update to the sbe and the work force participation. The sbe goals for this project are 50 and the Transportation Authority is right there at 50 . For work force the Transportation Authority is using the citys local hire policy which is 30 level, and they are currently at 25 . S stea ooci and oewd will work with the contractor to ensure that the goals or levels have been met, so this concludes staff presentation. There is liz rutman from the Transportation Authority is here and were happy to answer any questions that you may have. Thank you. Do you have any speaker cards . I have one speaker card. Mr. Ace washington. Okay. Maybe i should have been a lawyer and went to school and being educated and maybe i would be respected but i am here talking about these projects that youre talking about. If i had
You in april i believe, the First Commission meeting in april. So about it says here about 47 of this administrative budget is coming from property tax in items one and seven and the other 53 is from were still using some of the taxable housing bonds for the staff costs related to housing that isnt reimbursed from other sources so while we still have that available were using that and there are other funds as well that help support over half of the costs developer reimbursements and charge staff time to developers and we are doing that and lease revenues to support our staffing so i did show this table in the memo that was supplied to you this show you how the cost for the prior year and not just the six months of the rops but what were projecting at this time and we may refine the numbers when we bring the actual budget to you later but this shows a small decline in the bond proceeds. That decline in the other amount of 400,000 is related to our budgeting of how much transbay develope