WEBVTT Kind: captions Language: en 00:00:00.140 --> 00:00:01.110 align:start position:0% [Music] 00:00:01.110 --> 00:00:01.120 align:start position:0% [Music] 00:00:01.120 --> 00:00:03.990 align:start position:0% [Music] you're<00:00:01.439> watching<00:00:02.240> bctv 00:00:03.990 --> 00:00:04.000 align:start position:0% you're watching bctv 00:00:04.000 --> 00:00:07.140 align:start position:0% you're watching bctv we're<00:00:04.480> all<00:00:04.720> about<00:00:05.040> brantford 00:00:07.140 --> 00:00:07.150 align:start position:0% we're all about brantford 00:00:07.150 --> 00:00:11.589 align:start position:0% we're all about brantford [Music] 00:00:11.589 --> 00:00:11.599 align:start position:0% [Music] 00:00:11.599 --> 00:00:14.230 align:start position:0% [Music] you're<00:00:11.920> watching<00:00:12.480> bctv<00:00:13.599> brantford 00:00:14.230 --> 00:00:14.240 align:start position:0% you're watching bctv brantford 00:00:14.240 --> 00:00:16.070 align:start position:0% you're watching bctv brantford government<00:00:14.719> television<00:00:15.280> a<00:00:15.599> service<00:00:15.920> of 00:00:16.070 --> 00:00:16.080 align:start position:0% government television a service of 00:00:16.080 --> 00:00:18.390 align:start position:0% government television a service of brantford<00:00:16.640> community<00:00:17.199> television 00:00:18.390 --> 00:00:18.400 align:start position:0% brantford community television 00:00:18.400 --> 00:00:20.550 align:start position:0% brantford community television this<00:00:18.640> program<00:00:19.199> is<00:00:19.359> brought<00:00:19.600> to<00:00:19.760> you<00:00:19.920> in<00:00:20.080> part 00:00:20.550 --> 00:00:20.560 align:start position:0% this program is brought to you in part 00:00:20.560 --> 00:00:22.070 align:start position:0% this program is brought to you in part through<00:00:20.720> the<00:00:20.880> support<00:00:21.359> of<00:00:21.520> the<00:00:21.680> town<00:00:22.000> of 00:00:22.070 --> 00:00:22.080 align:start position:0% through the support of the town of 00:00:22.080 --> 00:00:26.310 align:start position:0% through the support of the town of brantford 00:00:26.310 --> 00:00:26.320 align:start position:0% 00:00:26.320 --> 00:00:28.150 align:start position:0% okay<00:00:26.560> we're<00:00:26.720> going<00:00:26.800> to<00:00:26.880> get<00:00:27.119> started 00:00:28.150 --> 00:00:28.160 align:start position:0% okay we're going to get started 00:00:28.160 --> 00:00:29.990 align:start position:0% okay we're going to get started with<00:00:28.400> the<00:00:28.800> town<00:00:29.039> of<00:00:29.119> brantford<00:00:29.679> board<00:00:29.920> of 00:00:29.990 --> 00:00:30.000 align:start position:0% with the town of brantford board of 00:00:30.000 --> 00:00:33.510 align:start position:0% with the town of brantford board of finance<00:00:30.480> regular<00:00:30.880> meeting<00:00:31.599> september<00:00:32.079> 27th 00:00:33.510 --> 00:00:33.520 align:start position:0% finance regular meeting september 27th 00:00:33.520 --> 00:00:36.389 align:start position:0% finance regular meeting september 27th 2021 00:00:36.389 --> 00:00:36.399 align:start position:0% 2021 00:00:36.399 --> 00:00:38.869 align:start position:0% 2021 and<00:00:36.800> first<00:00:37.040> on<00:00:37.200> the<00:00:37.280> agenda<00:00:38.000> is<00:00:38.160> to<00:00:38.320> approve 00:00:38.869 --> 00:00:38.879 align:start position:0% and first on the agenda is to approve 00:00:38.879 --> 00:00:41.350 align:start position:0% and first on the agenda is to approve minutes<00:00:39.280> of<00:00:39.360> the<00:00:39.520> august<00:00:40.320> 30th 00:00:41.350 --> 00:00:41.360 align:start position:0% minutes of the august 30th 00:00:41.360 --> 00:00:42.310 align:start position:0% minutes of the august 30th to<00:00:41.520> the 00:00:42.310 --> 00:00:42.320 align:start position:0% to the 00:00:42.320 --> 00:00:44.389 align:start position:0% to the 2021<00:00:43.040> meeting 00:00:44.389 --> 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--> 00:00:52.079 align:start position:0% uh meeting was about so i moved to 00:00:52.079 --> 00:00:53.510 align:start position:0% uh meeting was about so i moved to accept 00:00:53.510 --> 00:00:53.520 align:start position:0% accept 00:00:53.520 --> 00:00:55.350 align:start position:0% accept thank<00:00:53.680> you<00:00:54.000> which<00:00:54.239> has<00:00:54.320> been<00:00:54.480> made<00:00:54.640> in<00:00:54.800> second 00:00:55.350 --> 00:00:55.360 align:start position:0% thank you which has been made in second 00:00:55.360 --> 00:00:57.029 align:start position:0% thank you which has been made in second discussion 00:00:57.029 --> 00:00:57.039 align:start position:0% discussion 00:00:57.039 --> 00:00:59.349 align:start position:0% discussion on<00:00:57.360> favor<00:00:57.840> hi 00:00:59.349 --> 00:00:59.359 align:start position:0% on favor hi 00:00:59.359 --> 00:01:03.029 align:start position:0% on favor hi thank<00:00:59.600> you<00:01:00.239> next<00:01:00.559> is<00:01:00.719> citizens<00:01:01.199> communication 00:01:03.029 --> 00:01:03.039 align:start position:0% thank you next is citizens communication 00:01:03.039 --> 00:01:05.910 align:start position:0% thank you next is citizens communication we<00:01:03.440> where<00:01:03.680> we<00:01:04.000> set<00:01:04.239> aside<00:01:04.960> approximately<00:01:05.680> 10 00:01:05.910 --> 00:01:05.920 align:start position:0% we where we set aside approximately 10 00:01:05.920 --> 00:01:09.030 align:start position:0% we where we set aside approximately 10 minutes<00:01:06.240> or<00:01:06.400> so<00:01:06.799> for<00:01:07.119> anyone<00:01:07.439> from<00:01:07.600> the<00:01:07.760> public 00:01:09.030 --> 00:01:09.040 align:start position:0% minutes or so for anyone from the public 00:01:09.040 --> 00:01:10.310 align:start position:0% minutes or so for anyone from the public who<00:01:09.200> would<00:01:09.280> like<00:01:09.520> to 00:01:10.310 --> 00:01:10.320 align:start position:0% who would like to 00:01:10.320 --> 00:01:12.070 align:start position:0% who would like to make<00:01:10.560> comments<00:01:10.960> with<00:01:11.119> regards<00:01:11.520> to<00:01:11.680> tonight's 00:01:12.070 --> 00:01:12.080 align:start position:0% make comments with regards to tonight's 00:01:12.080 --> 00:01:14.070 align:start position:0% make comments with regards to tonight's meeting 00:01:14.070 --> 00:01:14.080 align:start position:0% meeting 00:01:14.080 --> 00:01:15.510 align:start position:0% meeting is<00:01:14.159> there<00:01:14.320> anyone<00:01:14.640> who'd<00:01:14.880> like<00:01:15.040> to<00:01:15.280> come 00:01:15.510 --> 00:01:15.520 align:start position:0% is there anyone who'd like to come 00:01:15.520 --> 00:01:16.710 align:start position:0% is there anyone who'd like to come forward 00:01:16.710 --> 00:01:16.720 align:start position:0% forward 00:01:16.720 --> 00:01:20.149 align:start position:0% forward or<00:01:16.960> speak 00:01:20.149 --> 00:01:20.159 align:start position:0% 00:01:20.159 --> 00:01:23.270 align:start position:0% with<00:01:20.400> none<00:01:20.960> move<00:01:21.200> on<00:01:21.360> to<00:01:21.520> the<00:01:22.240> item<00:01:23.040> you<00:01:23.119> know 00:01:23.270 --> 00:01:23.280 align:start position:0% with none move on to the item you know 00:01:23.280 --> 00:01:26.710 align:start position:0% with none move on to the item you know what<00:01:23.600> i'm<00:01:24.000> sorry<00:01:24.320> we<00:01:24.479> did<00:01:24.720> receive<00:01:25.200> a<00:01:25.439> uh 00:01:26.710 --> 00:01:26.720 align:start position:0% what i'm sorry we did receive a uh 00:01:26.720 --> 00:01:27.590 align:start position:0% what i'm sorry we did receive a uh a 00:01:27.590 --> 00:01:27.600 align:start position:0% a 00:01:27.600 --> 00:01:29.030 align:start position:0% a i<00:01:27.759> did<00:01:28.000> receive<00:01:28.400> an 00:01:29.030 --> 00:01:29.040 align:start position:0% i did receive an 00:01:29.040 --> 00:01:30.390 align:start position:0% i did receive an email<00:01:29.600> from 00:01:30.390 --> 00:01:30.400 align:start position:0% email from 00:01:30.400 --> 00:01:31.830 align:start position:0% email from wayne<00:01:30.720> cook 00:01:31.830 --> 00:01:31.840 align:start position:0% wayne cook 00:01:31.840 --> 00:01:33.590 align:start position:0% wayne cook and<00:01:32.079> i'll<00:01:32.400> give<00:01:32.640> this<00:01:32.799> to<00:01:32.960> the<00:01:33.119> clerk<00:01:33.360> and<00:01:33.439> she 00:01:33.590 --> 00:01:33.600 align:start position:0% and i'll give this to the clerk and she 00:01:33.600 --> 00:01:38.830 align:start position:0% and i'll give this to the clerk and she could<00:01:33.759> be<00:01:33.920> part<00:01:34.079> of<00:01:34.159> the<00:01:34.240> minutes 00:01:38.830 --> 00:01:38.840 align:start position:0% 00:01:38.840 --> 00:01:41.590 align:start position:0% um<00:01:39.840> number<00:01:40.400> three<00:01:40.880> is<00:01:41.200> to<00:01:41.360> hear<00:01:41.520> a 00:01:41.590 --> 00:01:41.600 align:start position:0% um number three is to hear a 00:01:41.600 --> 00:01:43.270 align:start position:0% um number three is to hear a presentation 00:01:43.270 --> 00:01:43.280 align:start position:0% presentation 00:01:43.280 --> 00:01:46.710 align:start position:0% presentation of<00:01:43.439> the<00:01:43.520> fiscal<00:01:43.920> year<00:01:44.240> 2020<00:01:45.040> audit<00:01:45.680> by<00:01:46.159> clifton 00:01:46.710 --> 00:01:46.720 align:start position:0% of the fiscal year 2020 audit by clifton 00:01:46.720 --> 00:01:50.870 align:start position:0% of the fiscal year 2020 audit by clifton larson<00:01:47.280> allen<00:01:47.680> llp 00:01:50.870 --> 00:01:50.880 align:start position:0% 00:01:50.880 --> 00:01:54.550 align:start position:0% and<00:01:51.520> we'll<00:01:51.680> invite<00:01:52.560> ron<00:01:53.280> nosek 00:01:54.550 --> 00:01:54.560 align:start position:0% and we'll invite ron nosek 00:01:54.560 --> 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you<00:02:06.719> have<00:02:07.040> a<00:02:07.600> slide<00:02:08.000> deck 00:02:09.270 --> 00:02:09.280 align:start position:0% i think you have a slide deck 00:02:09.280 --> 00:02:11.750 align:start position:0% i think you have a slide deck printout<00:02:10.160> in<00:02:10.319> front<00:02:10.479> of<00:02:10.640> you 00:02:11.750 --> 00:02:11.760 align:start position:0% printout in front of you 00:02:11.760 --> 00:02:12.949 align:start position:0% printout in front of you that 00:02:12.949 --> 00:02:12.959 align:start position:0% that 00:02:12.959 --> 00:02:15.190 align:start position:0% that will<00:02:13.200> cover<00:02:13.599> the<00:02:14.160> topics<00:02:14.640> i'm<00:02:14.720> going<00:02:14.879> to<00:02:14.959> talk 00:02:15.190 --> 00:02:15.200 align:start position:0% will cover the topics i'm going to talk 00:02:15.200 --> 00:02:16.869 align:start position:0% will cover the topics i'm going to talk about 00:02:16.869 --> 00:02:16.879 align:start position:0% about 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uh<00:02:30.720> our<00:02:30.959> standard<00:02:31.360> communications 00:02:32.229 --> 00:02:32.239 align:start position:0% that uh our standard communications 00:02:32.239 --> 00:02:35.030 align:start position:0% that uh our standard communications derived<00:02:32.800> out<00:02:32.879> of<00:02:33.120> aicpa<00:02:33.920> that<00:02:34.080> we're<00:02:34.319> required 00:02:35.030 --> 00:02:35.040 align:start position:0% derived out of aicpa that we're required 00:02:35.040 --> 00:02:36.229 align:start position:0% derived out of aicpa that we're required your<00:02:35.280> auditors<00:02:35.680> are<00:02:35.760> required<00:02:36.160> to 00:02:36.229 --> 00:02:36.239 align:start position:0% your auditors are required to 00:02:36.239 --> 00:02:37.750 align:start position:0% your auditors are required to communicate<00:02:36.720> to<00:02:36.879> you<00:02:37.040> those<00:02:37.280> charged<00:02:37.599> with 00:02:37.750 --> 00:02:37.760 align:start position:0% communicate to you those charged with 00:02:37.760 --> 00:02:40.150 align:start position:0% communicate to you those charged with governance<00:02:38.160> so<00:02:38.319> we'll<00:02:38.480> go<00:02:38.720> through<00:02:38.959> those 00:02:40.150 --> 00:02:40.160 align:start position:0% governance so we'll go through those 00:02:40.160 --> 00:02:41.589 align:start position:0% governance so we'll go through those uh<00:02:40.400> if<00:02:40.480> you<00:02:40.640> have<00:02:40.720> any<00:02:40.959> questions<00:02:41.280> while<00:02:41.519> i'm 00:02:41.589 --> 00:02:41.599 align:start position:0% uh if you have any questions while i'm 00:02:41.599 --> 00:02:43.750 align:start position:0% uh if you have any questions while i'm moving<00:02:41.920> through<00:02:42.560> please<00:02:42.959> feel<00:02:43.200> free<00:02:43.360> to<00:02:43.519> stop 00:02:43.750 --> 00:02:43.760 align:start position:0% moving through please feel free to stop 00:02:43.760 --> 00:02:45.910 align:start position:0% moving through please feel free to stop me<00:02:44.319> or<00:02:44.720> hold<00:02:44.959> them<00:02:45.040> till<00:02:45.280> the<00:02:45.360> end<00:02:45.599> and<00:02:45.760> i'll 00:02:45.910 --> 00:02:45.920 align:start position:0% me or hold them till the end and i'll 00:02:45.920 --> 00:02:47.830 align:start position:0% me or hold them till the end and i'll address<00:02:46.480> any<00:02:46.720> questions<00:02:47.040> you<00:02:47.200> have<00:02:47.519> if<00:02:47.760> i 00:02:47.830 --> 00:02:47.840 align:start position:0% address any questions you have if i 00:02:47.840 --> 00:02:49.270 align:start position:0% address any questions you have if i can't<00:02:48.080> answer<00:02:48.319> it<00:02:48.400> tonight<00:02:48.720> i'll<00:02:48.879> get<00:02:49.040> back<00:02:49.200> to 00:02:49.270 --> 00:02:49.280 align:start position:0% can't answer it tonight i'll get back to 00:02:49.280 --> 00:02:50.710 align:start position:0% can't answer it tonight i'll get back to you<00:02:49.360> as<00:02:49.440> soon<00:02:49.599> as<00:02:49.680> i<00:02:49.840> possibly<00:02:50.239> can<00:02:50.480> with<00:02:50.560> an 00:02:50.710 --> 00:02:50.720 align:start position:0% you as soon as i possibly can with an 00:02:50.720 --> 00:02:51.990 align:start position:0% you as soon as i possibly can with an answer 00:02:51.990 --> 00:02:52.000 align:start position:0% answer 00:02:52.000 --> 00:02:54.070 align:start position:0% answer thank<00:02:52.160> you<00:02:52.319> ron<00:02:52.720> so<00:02:52.959> relative<00:02:53.680> i'll<00:02:53.840> move 00:02:54.070 --> 00:02:54.080 align:start position:0% thank you ron so relative i'll move 00:02:54.080 --> 00:02:55.990 align:start position:0% thank you ron so relative i'll move through<00:02:54.319> these<00:02:54.879> the<00:02:55.120> reporting<00:02:55.599> slides 00:02:55.990 --> 00:02:56.000 align:start position:0% through these the reporting slides 00:02:56.000 --> 00:02:58.229 align:start position:0% through these the reporting slides pretty<00:02:56.239> quickly<00:02:56.640> i'll<00:02:57.360> slow<00:02:57.599> down<00:02:57.920> and<00:02:58.000> make 00:02:58.229 --> 00:02:58.239 align:start position:0% pretty quickly i'll slow down and make 00:02:58.239 --> 00:02:59.670 align:start position:0% pretty quickly i'll slow down and make sure<00:02:58.400> we're<00:02:58.560> all<00:02:58.720> on<00:02:58.800> the<00:02:58.879> same<00:02:59.120> page<00:02:59.360> when<00:02:59.599> we 00:02:59.670 --> 00:02:59.680 align:start position:0% sure we're all on the same page when we 00:02:59.680 --> 00:03:00.710 align:start position:0% sure we're all on the same page when we get<00:02:59.840> to<00:03:00.000> the 00:03:00.710 --> 00:03:00.720 align:start position:0% get to the 00:03:00.720 --> 00:03:02.550 align:start position:0% get to the reporting<00:03:01.280> results<00:03:02.000> or<00:03:02.159> financial 00:03:02.550 --> 00:03:02.560 align:start position:0% reporting results or financial 00:03:02.560 --> 00:03:04.630 align:start position:0% reporting results or financial highlights<00:03:02.959> i<00:03:03.040> should<00:03:03.280> say 00:03:04.630 --> 00:03:04.640 align:start position:0% highlights i should say 00:03:04.640 --> 00:03:06.390 align:start position:0% highlights i should say but<00:03:04.879> the<00:03:05.040> terms<00:03:05.440> of<00:03:05.519> the<00:03:05.680> engagement<00:03:06.159> or<00:03:06.319> the 00:03:06.390 --> 00:03:06.400 align:start position:0% but the terms of the engagement or the 00:03:06.400 --> 00:03:09.110 align:start position:0% but the terms of the engagement or the scope<00:03:06.720> of<00:03:06.800> the<00:03:06.879> engagement<00:03:07.360> if<00:03:07.519> you<00:03:07.680> will<00:03:08.159> um 00:03:09.110 --> 00:03:09.120 align:start position:0% scope of the engagement if you will um 00:03:09.120 --> 00:03:10.630 align:start position:0% scope of the engagement if you will um you<00:03:09.200> know<00:03:09.280> if<00:03:09.440> you<00:03:09.519> think<00:03:09.760> of<00:03:09.840> this<00:03:10.400> if<00:03:10.480> you 00:03:10.630 --> 00:03:10.640 align:start position:0% you know if you think of this if you 00:03:10.640 --> 00:03:13.110 align:start position:0% you know if you think of this if you thought<00:03:10.879> of<00:03:11.040> it<00:03:11.200> as<00:03:11.599> a<00:03:11.760> pyramid<00:03:12.480> uh<00:03:12.879> the 00:03:13.110 --> 00:03:13.120 align:start position:0% thought of it as a pyramid uh the 00:03:13.120 --> 00:03:15.509 align:start position:0% thought of it as a pyramid uh the primary<00:03:14.000> standards<00:03:14.640> set<00:03:14.879> of<00:03:15.040> standards<00:03:15.440> that 00:03:15.509 --> 00:03:15.519 align:start position:0% primary standards set of standards that 00:03:15.519 --> 00:03:17.430 align:start position:0% primary standards set of standards that we<00:03:15.760> perform<00:03:16.080> the<00:03:16.239> audit<00:03:16.640> uh<00:03:16.959> under<00:03:17.280> our 00:03:17.430 --> 00:03:17.440 align:start position:0% we perform the audit uh under our 00:03:17.440 --> 00:03:19.190 align:start position:0% we perform the audit uh under our generally<00:03:17.840> accepted<00:03:18.239> auditing<00:03:18.640> standards<00:03:19.040> so 00:03:19.190 --> 00:03:19.200 align:start position:0% generally accepted auditing standards so 00:03:19.200 --> 00:03:20.070 align:start position:0% generally accepted auditing standards so that<00:03:19.440> is 00:03:20.070 --> 00:03:20.080 align:start position:0% that is 00:03:20.080 --> 00:03:22.070 align:start position:0% that is the<00:03:20.480> the<00:03:20.640> primary<00:03:21.200> work<00:03:21.440> we<00:03:21.599> do<00:03:21.840> on<00:03:22.000> the 00:03:22.070 --> 00:03:22.080 align:start position:0% the the primary work we do on the 00:03:22.080 --> 00:03:25.190 align:start position:0% the the primary work we do on the financial<00:03:22.560> statements<00:03:23.519> relevant<00:03:24.080> to 00:03:25.190 --> 00:03:25.200 align:start position:0% financial statements relevant to 00:03:25.200 --> 00:03:27.190 align:start position:0% financial statements relevant to gaining<00:03:25.599> enough<00:03:26.080> evidential<00:03:26.640> matter<00:03:27.040> in 00:03:27.190 --> 00:03:27.200 align:start position:0% gaining enough evidential matter in 00:03:27.200 --> 00:03:28.710 align:start position:0% gaining enough evidential matter in order<00:03:27.440> to<00:03:27.599> express<00:03:28.000> our<00:03:28.159> opinion<00:03:28.560> on<00:03:28.640> the 00:03:28.710 --> 00:03:28.720 align:start position:0% order to express our opinion on the 00:03:28.720 --> 00:03:31.350 align:start position:0% order to express our opinion on the financial<00:03:29.200> statements<00:03:30.000> we're<00:03:30.239> also<00:03:30.720> required 00:03:31.350 --> 00:03:31.360 align:start position:0% financial statements we're also required 00:03:31.360 --> 00:03:33.270 align:start position:0% financial statements we're also required because<00:03:31.680> you<00:03:31.920> receive<00:03:32.400> state<00:03:32.720> and<00:03:32.879> federal 00:03:33.270 --> 00:03:33.280 align:start position:0% because you receive state and federal 00:03:33.280 --> 00:03:35.750 align:start position:0% because you receive state and federal funding<00:03:33.680> to<00:03:33.920> perform<00:03:34.400> this<00:03:34.879> under<00:03:35.280> generally 00:03:35.750 --> 00:03:35.760 align:start position:0% funding to perform this under generally 00:03:35.760 --> 00:03:38.470 align:start position:0% funding to perform this under generally accepted<00:03:36.319> governmental<00:03:36.799> auditing<00:03:37.280> standards 00:03:38.470 --> 00:03:38.480 align:start position:0% accepted governmental auditing standards 00:03:38.480 --> 00:03:41.509 align:start position:0% accepted governmental auditing standards which<00:03:39.200> climbs<00:03:39.599> its<00:03:39.760> way<00:03:40.000> up<00:03:40.159> this<00:03:40.400> pyramid 00:03:41.509 --> 00:03:41.519 align:start position:0% which climbs its way up this pyramid 00:03:41.519 --> 00:03:43.270 align:start position:0% which climbs its way up this pyramid and<00:03:41.680> it<00:03:41.760> adds<00:03:42.080> a<00:03:42.159> little<00:03:42.319> bit<00:03:42.560> extra<00:03:42.879> layer 00:03:43.270 --> 00:03:43.280 align:start position:0% and it adds a little bit extra layer 00:03:43.280 --> 00:03:45.509 align:start position:0% and it adds a little bit extra layer relative<00:03:43.760> to<00:03:44.000> our<00:03:44.159> responsibilities<00:03:45.120> to<00:03:45.280> gain 00:03:45.509 --> 00:03:45.519 align:start position:0% relative to our responsibilities to gain 00:03:45.519 --> 00:03:47.430 align:start position:0% relative to our responsibilities to gain an<00:03:45.680> understanding<00:03:46.319> of<00:03:46.400> the<00:03:46.480> internal<00:03:46.879> control 00:03:47.430 --> 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gathered 00:03:53.920 --> 00:03:56.630 align:start position:0% information get gathered and<00:03:54.480> and<00:03:54.799> finalized<00:03:55.680> in<00:03:55.840> order<00:03:56.080> to<00:03:56.239> produce 00:03:56.630 --> 00:03:56.640 align:start position:0% and and finalized in order to produce 00:03:56.640 --> 00:03:58.789 align:start position:0% and and finalized in order to produce financial<00:03:57.120> statements<00:03:57.519> so<00:03:57.680> we<00:03:58.000> we<00:03:58.480> need<00:03:58.720> to 00:03:58.789 --> 00:03:58.799 align:start position:0% financial statements so we we need to 00:03:58.799 --> 00:04:00.309 align:start position:0% financial statements so we we need to gain<00:03:59.040> an<00:03:59.200> understanding<00:03:59.760> of<00:03:59.840> the<00:04:00.000> internal 00:04:00.309 --> 00:04:00.319 align:start position:0% gain an understanding of the internal 00:04:00.319 --> 00:04:02.390 align:start position:0% gain an understanding of the internal control<00:04:00.720> structure<00:04:01.280> around<00:04:01.599> that 00:04:02.390 --> 00:04:02.400 align:start position:0% control structure around that 00:04:02.400 --> 00:04:05.190 align:start position:0% control structure around that and<00:04:02.480> then<00:04:02.799> also<00:04:03.120> gain<00:04:03.360> an<00:04:03.519> understanding<00:04:04.319> of 00:04:05.190 --> 00:04:05.200 align:start position:0% and then also gain an understanding of 00:04:05.200 --> 00:04:07.190 align:start position:0% and then also gain an understanding of the<00:04:05.439> compliance<00:04:05.920> requirements<00:04:06.640> relevant<00:04:07.040> to 00:04:07.190 --> 00:04:07.200 align:start position:0% the compliance requirements relevant to 00:04:07.200 --> 00:04:10.149 align:start position:0% the compliance requirements relevant to the<00:04:07.280> town<00:04:07.760> that<00:04:08.400> in<00:04:08.560> our<00:04:08.799> opinion<00:04:09.360> a<00:04:09.519> violation 00:04:10.149 --> 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they<00:04:18.160> sit<00:04:18.400> side<00:04:18.639> by<00:04:18.959> side<00:04:19.280> if<00:04:19.440> you<00:04:19.519> will<00:04:20.079> is<00:04:20.479> the 00:04:20.550 --> 00:04:20.560 align:start position:0% they sit side by side if you will is the 00:04:20.560 --> 00:04:22.230 align:start position:0% they sit side by side if you will is the federal<00:04:20.959> single<00:04:21.280> audit<00:04:21.680> and<00:04:21.759> the<00:04:21.919> state 00:04:22.230 --> 00:04:22.240 align:start position:0% federal single audit and the state 00:04:22.240 --> 00:04:23.909 align:start position:0% federal single audit and the state single<00:04:22.560> audit 00:04:23.909 --> 00:04:23.919 align:start position:0% single audit 00:04:23.919 --> 00:04:27.590 align:start position:0% single audit we<00:04:24.400> we're<00:04:24.720> required<00:04:25.520> obviously<00:04:26.000> to<00:04:26.160> perform 00:04:27.590 --> 00:04:27.600 align:start position:0% we we're required obviously to perform 00:04:27.600 --> 00:04:28.390 align:start position:0% we we're required obviously to perform work 00:04:28.390 --> 00:04:28.400 align:start position:0% work 00:04:28.400 --> 00:04:30.230 align:start position:0% work relevant<00:04:28.880> to<00:04:29.120> both<00:04:29.360> your<00:04:29.600> federal<00:04:29.919> funding 00:04:30.230 --> 00:04:30.240 align:start position:0% relevant to both your federal funding 00:04:30.240 --> 00:04:32.070 align:start position:0% relevant to both your federal funding and<00:04:30.320> your<00:04:30.479> state<00:04:30.720> funding<00:04:31.199> because<00:04:31.600> you 00:04:32.070 --> 00:04:32.080 align:start position:0% and your state funding because you 00:04:32.080 --> 00:04:33.350 align:start position:0% and your state funding because you receive 00:04:33.350 --> 00:04:33.360 align:start position:0% receive 00:04:33.360 --> 00:04:35.909 align:start position:0% receive enough<00:04:33.680> a<00:04:33.759> high<00:04:34.000> enough<00:04:34.320> level<00:04:34.560> of<00:04:34.720> funding 00:04:35.909 --> 00:04:35.919 align:start position:0% enough a high enough level of funding 00:04:35.919 --> 00:04:38.870 align:start position:0% enough a high enough level of funding in<00:04:36.080> excess<00:04:36.400> of<00:04:36.560> seven<00:04:36.960> in<00:04:37.040> this<00:04:37.199> case<00:04:37.440> 750<00:04:38.320> 000 00:04:38.870 --> 00:04:38.880 align:start position:0% in excess of seven in this case 750 000 00:04:38.880 --> 00:04:40.469 align:start position:0% in excess of seven in this case 750 000 and<00:04:39.040> federal<00:04:39.360> funding<00:04:39.759> triggers<00:04:40.080> a<00:04:40.160> federal 00:04:40.469 --> 00:04:40.479 align:start position:0% and federal funding triggers a federal 00:04:40.479 --> 00:04:44.390 align:start position:0% and federal funding triggers a federal single<00:04:40.800> audit<00:04:41.600> 250<00:04:42.560> 000<00:04:43.199> of<00:04:43.360> state<00:04:43.680> funding 00:04:44.390 --> 00:04:44.400 align:start position:0% single audit 250 000 of state funding 00:04:44.400 --> 00:04:46.390 align:start position:0% single audit 250 000 of state funding triggers<00:04:44.800> a<00:04:45.199> state<00:04:45.440> single<00:04:45.759> audit<00:04:46.080> so<00:04:46.240> we're 00:04:46.390 --> 00:04:46.400 align:start position:0% triggers a state single audit so we're 00:04:46.400 --> 00:04:48.710 align:start position:0% triggers a state single audit so we're required<00:04:46.800> to<00:04:46.960> perform<00:04:47.840> uh<00:04:48.080> single<00:04:48.400> audits 00:04:48.710 --> 00:04:48.720 align:start position:0% required to perform uh single audits 00:04:48.720 --> 00:04:50.310 align:start position:0% required to perform uh single audits over<00:04:48.960> both<00:04:49.199> your<00:04:49.360> federal<00:04:49.600> funding<00:04:49.919> and<00:04:50.080> state 00:04:50.310 --> 00:04:50.320 align:start position:0% over both your federal funding and state 00:04:50.320 --> 00:04:52.870 align:start position:0% over both your federal funding and state funding<00:04:50.960> those<00:04:51.199> are<00:04:51.280> very<00:04:51.680> similar<00:04:52.240> to<00:04:52.639> the 00:04:52.870 --> 00:04:52.880 align:start position:0% funding those are very similar to the 00:04:52.880 --> 00:04:55.430 align:start position:0% funding those are very similar to the governmental<00:04:53.360> auditing<00:04:53.759> standards<00:04:54.320> in<00:04:54.479> that 00:04:55.430 --> 00:04:55.440 align:start position:0% governmental auditing standards in that 00:04:55.440 --> 00:04:56.950 align:start position:0% governmental auditing standards in that we're<00:04:55.919> we're<00:04:56.080> dealing<00:04:56.400> with<00:04:56.560> internal 00:04:56.950 --> 00:04:56.960 align:start position:0% we're we're dealing with internal 00:04:56.960 --> 00:04:58.870 align:start position:0% we're we're dealing with internal control<00:04:57.360> systems<00:04:58.080> and<00:04:58.160> we're<00:04:58.320> dealing<00:04:58.639> with 00:04:58.870 --> 00:04:58.880 align:start position:0% control systems and we're dealing with 00:04:58.880 --> 00:05:01.189 align:start position:0% control systems and we're dealing with compliance<00:04:59.440> requirements<00:05:00.479> uh<00:05:00.800> the<00:05:00.960> only 00:05:01.189 --> 00:05:01.199 align:start position:0% compliance requirements uh the only 00:05:01.199 --> 00:05:03.590 align:start position:0% compliance requirements uh the only difference<00:05:01.600> is<00:05:01.759> the<00:05:02.000> focus<00:05:02.479> is<00:05:02.720> solely<00:05:03.199> on<00:05:03.360> the 00:05:03.590 --> 00:05:03.600 align:start position:0% difference is the focus is solely on the 00:05:03.600 --> 00:05:05.590 align:start position:0% difference is the focus is solely on the major<00:05:04.000> federal<00:05:04.400> program<00:05:04.800> or<00:05:04.960> major<00:05:05.280> state 00:05:05.590 --> 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one of the bound document<00:05:19.759> of<00:05:20.160> the<00:05:20.320> audit<00:05:20.639> report 00:05:21.590 --> 00:05:21.600 align:start position:0% document of the audit report 00:05:21.600 --> 00:05:24.070 align:start position:0% document of the audit report we've<00:05:21.840> issued<00:05:22.160> an<00:05:22.320> unmodified<00:05:23.199> or<00:05:23.680> clean 00:05:24.070 --> 00:05:24.080 align:start position:0% we've issued an unmodified or clean 00:05:24.080 --> 00:05:26.710 align:start position:0% we've issued an unmodified or clean audit<00:05:24.479> opinions<00:05:25.600> uh<00:05:25.919> on<00:05:26.080> the<00:05:26.240> financial 00:05:26.710 --> 00:05:26.720 align:start position:0% audit opinions uh on the financial 00:05:26.720 --> 00:05:29.430 align:start position:0% audit opinions uh on the financial statements<00:05:27.280> which<00:05:27.600> generally<00:05:28.160> state<00:05:28.479> that 00:05:29.430 --> 00:05:29.440 align:start position:0% statements which generally state that 00:05:29.440 --> 00:05:31.110 align:start position:0% statements which generally state that in<00:05:29.680> our<00:05:29.840> opinion<00:05:30.240> the<00:05:30.320> financial<00:05:30.720> statements 00:05:31.110 --> 00:05:31.120 align:start position:0% in our opinion the financial statements 00:05:31.120 --> 00:05:33.510 align:start position:0% in our opinion the financial statements fairly<00:05:31.520> represent<00:05:32.400> the<00:05:32.560> financial<00:05:33.039> position 00:05:33.510 --> 00:05:33.520 align:start position:0% fairly represent the financial position 00:05:33.520 --> 00:05:35.430 align:start position:0% fairly represent the financial position and<00:05:33.680> results<00:05:34.080> of<00:05:34.240> operations<00:05:34.880> of<00:05:34.960> the<00:05:35.120> town 00:05:35.430 --> 00:05:35.440 align:start position:0% and results of operations of the town 00:05:35.440 --> 00:05:37.510 align:start position:0% and results of operations of the town for<00:05:35.600> the<00:05:35.680> fiscal<00:05:36.080> year<00:05:36.400> ended<00:05:36.720> june<00:05:37.039> 30<00:05:37.360> in 00:05:37.510 --> 00:05:37.520 align:start position:0% for the fiscal year ended june 30 in 00:05:37.520 --> 00:05:40.469 align:start position:0% for the fiscal year ended june 30 in this<00:05:37.680> case<00:05:38.000> 2020. 00:05:40.469 --> 00:05:40.479 align:start position:0% this case 2020. 00:05:40.479 --> 00:05:43.430 align:start position:0% this case 2020. i<00:05:40.720> say<00:05:40.960> opinions<00:05:41.520> when<00:05:41.759> i<00:05:41.840> said<00:05:42.080> that<00:05:42.320> because 00:05:43.430 --> 00:05:43.440 align:start position:0% i say opinions when i said that because 00:05:43.440 --> 00:05:45.670 align:start position:0% i say opinions when i said that because there<00:05:43.680> are<00:05:44.000> actually<00:05:44.800> multiple<00:05:45.280> opinion 00:05:45.670 --> 00:05:45.680 align:start position:0% there are actually multiple opinion 00:05:45.680 --> 00:05:47.749 align:start position:0% there are actually multiple opinion units<00:05:46.000> in<00:05:46.160> each<00:05:46.320> governmental<00:05:47.360> financial 00:05:47.749 --> 00:05:47.759 align:start position:0% units in each governmental financial 00:05:47.759 --> 00:05:49.510 align:start position:0% units in each governmental financial statement<00:05:48.080> so<00:05:48.240> we're<00:05:48.400> not<00:05:48.560> just<00:05:48.800> issuing<00:05:49.280> one 00:05:49.510 --> 00:05:49.520 align:start position:0% statement so we're not just issuing one 00:05:49.520 --> 00:05:51.670 align:start position:0% statement so we're not just issuing one opinion<00:05:49.919> we're<00:05:50.479> issuing<00:05:50.960> actually<00:05:51.199> opinions 00:05:51.670 --> 00:05:51.680 align:start position:0% opinion we're issuing actually opinions 00:05:51.680 --> 00:05:53.590 align:start position:0% opinion we're issuing actually opinions over<00:05:51.840> your<00:05:52.000> governmental<00:05:52.560> activities 00:05:53.590 --> 00:05:53.600 align:start position:0% over your governmental activities 00:05:53.600 --> 00:05:55.909 align:start position:0% over your governmental activities your<00:05:53.840> major<00:05:54.240> funds<00:05:54.639> which<00:05:54.880> are<00:05:55.120> in<00:05:55.600> the<00:05:55.680> case 00:05:55.909 --> 00:05:55.919 align:start position:0% your major funds which are in the case 00:05:55.919 --> 00:05:58.230 align:start position:0% your major funds which are in the case of<00:05:56.160> 2020<00:05:56.880> general<00:05:57.199> fund<00:05:57.520> and<00:05:57.840> capital 00:05:58.230 --> 00:05:58.240 align:start position:0% of 2020 general fund and capital 00:05:58.240 --> 00:05:59.590 align:start position:0% of 2020 general fund and capital projects<00:05:58.720> funds 00:05:59.590 --> 00:05:59.600 align:start position:0% projects funds 00:05:59.600 --> 00:06:01.830 align:start position:0% projects funds and<00:05:59.680> then<00:06:00.240> all<00:06:00.560> of<00:06:00.639> the<00:06:00.880> aggregate<00:06:01.360> remaining 00:06:01.830 --> 00:06:01.840 align:start position:0% and then all of the aggregate remaining 00:06:01.840 --> 00:06:03.909 align:start position:0% and then all of the aggregate remaining funds<00:06:02.080> get<00:06:02.319> rolled<00:06:02.639> up<00:06:02.800> into<00:06:03.039> one<00:06:03.360> column<00:06:03.759> and 00:06:03.909 --> 00:06:03.919 align:start position:0% funds get rolled up into one column and 00:06:03.919 --> 00:06:06.070 align:start position:0% funds get rolled up into one column and they<00:06:04.240> too<00:06:04.479> become<00:06:04.880> a<00:06:04.960> stand-alone<00:06:05.600> opinion 00:06:06.070 --> 00:06:06.080 align:start position:0% they too become a stand-alone opinion 00:06:06.080 --> 00:06:08.390 align:start position:0% they too become a stand-alone opinion unit<00:06:06.400> so<00:06:06.639> materiality<00:06:07.520> is<00:06:07.680> set<00:06:08.000> on<00:06:08.160> each 00:06:08.390 --> 00:06:08.400 align:start position:0% unit so materiality is set on each 00:06:08.400 --> 00:06:10.870 align:start position:0% unit so materiality is set on each individual<00:06:09.280> opinion<00:06:09.759> unit<00:06:10.319> the<00:06:10.479> level<00:06:10.720> of 00:06:10.870 --> 00:06:10.880 align:start position:0% individual opinion unit the level of 00:06:10.880 --> 00:06:13.510 align:start position:0% individual opinion unit the level of work<00:06:11.120> we<00:06:11.280> perform<00:06:11.919> is<00:06:12.160> done<00:06:12.479> on<00:06:12.720> each<00:06:12.960> le<00:06:13.199> uh 00:06:13.510 --> 00:06:13.520 align:start position:0% work we perform is done on each le uh 00:06:13.520 --> 00:06:15.029 align:start position:0% work we perform is done on each le uh each<00:06:14.000> each 00:06:15.029 --> 00:06:15.039 align:start position:0% each each 00:06:15.039 --> 00:06:15.990 align:start position:0% each each you<00:06:15.120> know 00:06:15.990 --> 00:06:16.000 align:start position:0% you know 00:06:16.000 --> 00:06:19.029 align:start position:0% you know separate<00:06:16.400> opinion<00:06:16.800> unit 00:06:19.029 --> 00:06:19.039 align:start position:0% separate opinion unit 00:06:19.039 --> 00:06:21.029 align:start position:0% separate opinion unit uh<00:06:19.360> under<00:06:19.919> the<00:06:20.080> governmental<00:06:20.560> auditing 00:06:21.029 --> 00:06:21.039 align:start position:0% uh under the governmental auditing 00:06:21.039 --> 00:06:23.270 align:start position:0% uh under the governmental auditing standards<00:06:21.759> again<00:06:22.080> we're<00:06:22.319> required<00:06:22.720> to<00:06:22.880> report 00:06:23.270 --> 00:06:23.280 align:start position:0% standards again we're required to report 00:06:23.280 --> 00:06:25.189 align:start position:0% standards again we're required to report to<00:06:23.440> you<00:06:23.600> any<00:06:23.840> internal<00:06:24.160> control<00:06:24.639> matters<00:06:25.039> that 00:06:25.189 --> 00:06:25.199 align:start position:0% to you any internal control matters that 00:06:25.199 --> 00:06:25.990 align:start position:0% to you any internal control matters that we 00:06:25.990 --> 00:06:26.000 align:start position:0% we 00:06:26.000 --> 00:06:27.189 align:start position:0% we uh 00:06:27.189 --> 00:06:27.199 align:start position:0% uh 00:06:27.199 --> 00:06:29.749 align:start position:0% uh detect<00:06:27.759> and<00:06:28.080> deem<00:06:28.479> to<00:06:28.639> be<00:06:28.880> either<00:06:29.280> significant 00:06:29.749 --> 00:06:29.759 align:start position:0% detect and deem to be either significant 00:06:29.759 --> 00:06:32.309 align:start position:0% detect and deem to be either significant deficiencies<00:06:30.479> or<00:06:30.560> material<00:06:31.120> weaknesses<00:06:32.160> and 00:06:32.309 --> 00:06:32.319 align:start position:0% deficiencies or material weaknesses and 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there<00:06:40.400> was<00:06:40.800> a 00:06:40.950 --> 00:06:40.960 align:start position:0% the financial statements there was a 00:06:40.960 --> 00:06:43.029 align:start position:0% the financial statements there was a deficiency<00:06:41.759> in<00:06:41.919> internal<00:06:42.240> control<00:06:42.639> that<00:06:42.800> was 00:06:43.029 --> 00:06:43.039 align:start position:0% deficiency in internal control that was 00:06:43.039 --> 00:06:44.469 align:start position:0% deficiency in internal control that was identified<00:06:43.600> and<00:06:43.759> deemed<00:06:44.000> to<00:06:44.160> be<00:06:44.319> a 00:06:44.469 --> 00:06:44.479 align:start position:0% identified and deemed to be a 00:06:44.479 --> 00:06:46.230 align:start position:0% identified and deemed to be a significant<00:06:45.039> deficiency 00:06:46.230 --> 00:06:46.240 align:start position:0% significant deficiency 00:06:46.240 --> 00:06:48.150 align:start position:0% significant deficiency we'll<00:06:46.479> talk<00:06:46.639> about<00:06:46.960> that<00:06:47.280> at<00:06:47.440> the<00:06:47.600> end<00:06:47.840> when<00:06:48.080> i 00:06:48.150 --> 00:06:48.160 align:start position:0% we'll talk about that at the end when i 00:06:48.160 --> 00:06:49.909 align:start position:0% we'll talk about that at the end when i go<00:06:48.319> through<00:06:48.560> the<00:06:49.039> the<00:06:49.440> required 00:06:49.909 --> 00:06:49.919 align:start position:0% go through the the required 00:06:49.919 --> 00:06:51.430 align:start position:0% go through the the required communications 00:06:51.430 --> 00:06:51.440 align:start position:0% communications 00:06:51.440 --> 00:06:54.150 align:start position:0% communications and<00:06:51.919> relative<00:06:52.479> to<00:06:52.960> compliance<00:06:53.520> there<00:06:53.680> were<00:06:53.919> no 00:06:54.150 --> 00:06:54.160 align:start position:0% and relative to compliance there were no 00:06:54.160 --> 00:06:56.230 align:start position:0% and relative to compliance there were no instances<00:06:54.639> of<00:06:54.720> non-compliance<00:06:55.759> or<00:06:56.000> other 00:06:56.230 --> 00:06:56.240 align:start position:0% instances of non-compliance or other 00:06:56.240 --> 00:06:57.830 align:start position:0% instances of non-compliance or other matters<00:06:56.639> that<00:06:56.720> were<00:06:56.960> noted<00:06:57.280> that<00:06:57.440> we<00:06:57.599> would<00:06:57.759> be 00:06:57.830 --> 00:06:57.840 align:start position:0% matters that were noted that we would be 00:06:57.840 --> 00:07:00.710 align:start position:0% matters that were noted that we would be required<00:06:58.240> to<00:06:58.400> report<00:06:58.720> to<00:06:58.880> you 00:07:00.710 --> 00:07:00.720 align:start position:0% required to report to you 00:07:00.720 --> 00:07:03.029 align:start position:0% required to report to you under<00:07:01.039> uniform<00:07:01.599> guidance<00:07:02.080> or<00:07:02.319> federal<00:07:02.720> single 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and<00:07:19.039> there<00:07:19.199> were<00:07:19.360> no 00:07:19.589 --> 00:07:19.599 align:start position:0% were identified and there were no 00:07:19.599 --> 00:07:22.070 align:start position:0% were identified and there were no violations<00:07:20.240> of<00:07:20.479> compliance 00:07:22.070 --> 00:07:22.080 align:start position:0% violations of compliance 00:07:22.080 --> 00:07:23.670 align:start position:0% violations of compliance uh<00:07:22.400> that<00:07:22.560> we<00:07:22.800> detected<00:07:23.280> during<00:07:23.599> the 00:07:23.670 --> 00:07:23.680 align:start position:0% uh that we detected during the 00:07:23.680 --> 00:07:25.749 align:start position:0% uh that we detected during the performance<00:07:24.319> of<00:07:24.479> the<00:07:24.639> work<00:07:25.039> over<00:07:25.199> the<00:07:25.440> major 00:07:25.749 --> 00:07:25.759 align:start position:0% performance of the work over the major 00:07:25.759 --> 00:07:28.950 align:start position:0% performance of the work over the major federal<00:07:26.160> programs<00:07:27.280> uh<00:07:27.520> and<00:07:27.680> on<00:07:27.919> slide<00:07:28.400> seven<00:07:28.720> i 00:07:28.950 --> 00:07:28.960 align:start position:0% federal programs uh and on slide seven i 00:07:28.960 --> 00:07:31.510 align:start position:0% federal programs uh and on slide seven i i<00:07:29.120> do<00:07:29.440> list<00:07:29.680> the<00:07:29.840> major<00:07:30.400> uh<00:07:30.720> federal<00:07:31.120> programs 00:07:31.510 --> 00:07:31.520 align:start position:0% i do list the major uh federal programs 00:07:31.520 --> 00:07:33.110 align:start position:0% i do list the major uh federal programs that<00:07:31.680> we<00:07:31.840> tested 00:07:33.110 --> 00:07:33.120 align:start position:0% that we tested 00:07:33.120 --> 00:07:34.870 align:start position:0% that we tested as<00:07:33.360> part<00:07:33.599> of<00:07:33.680> the<00:07:33.840> federal<00:07:34.160> single<00:07:34.479> audit<00:07:34.720> for 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align:start position:0% education cluster and under department of<00:07:42.479> homeland<00:07:42.880> security<00:07:43.520> the<00:07:43.680> safer<00:07:44.080> grant 00:07:46.469 --> 00:07:46.479 align:start position:0% 00:07:46.479 --> 00:07:49.430 align:start position:0% state<00:07:46.800> single<00:07:47.199> audit<00:07:48.000> same<00:07:48.319> results<00:07:49.199> there 00:07:49.430 --> 00:07:49.440 align:start position:0% state single audit same results there 00:07:49.440 --> 00:07:51.909 align:start position:0% state single audit same results there were<00:07:50.080> no<00:07:50.240> deficiencies<00:07:50.879> in<00:07:51.039> internal<00:07:51.440> control 00:07:51.909 --> 00:07:51.919 align:start position:0% were no deficiencies in internal control 00:07:51.919 --> 00:07:55.270 align:start position:0% were no deficiencies in internal control over<00:07:52.160> compliance<00:07:53.120> and<00:07:54.000> we<00:07:54.319> issued<00:07:54.639> unmodified 00:07:55.270 --> 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through state department 00:08:09.680 --> 00:08:11.189 align:start position:0% grant and then through state department of<00:08:09.840> education 00:08:11.189 --> 00:08:11.199 align:start position:0% of education 00:08:11.199 --> 00:08:12.950 align:start position:0% of education the<00:08:11.360> office<00:08:11.680> of<00:08:11.840> early<00:08:12.080> childhood<00:08:12.560> it<00:08:12.639> was<00:08:12.800> an 00:08:12.950 --> 00:08:12.960 align:start position:0% the office of early childhood it was an 00:08:12.960 --> 00:08:15.110 align:start position:0% the office of early childhood it was an early<00:08:13.440> early<00:08:13.759> care<00:08:14.000> and<00:08:14.160> education<00:08:14.720> program 00:08:15.110 --> 00:08:15.120 align:start position:0% early early care and education program 00:08:15.120 --> 00:08:17.350 align:start position:0% early early care and education program that<00:08:15.280> was<00:08:15.680> uh<00:08:16.160> deemed<00:08:16.479> a<00:08:16.560> major<00:08:16.879> program<00:08:17.280> and 00:08:17.350 --> 00:08:17.360 align:start position:0% that was uh deemed a major program and 00:08:17.360 --> 00:08:18.629 align:start position:0% that was uh deemed a major program and tested 00:08:18.629 --> 00:08:18.639 align:start position:0% tested 00:08:18.639 --> 00:08:21.270 align:start position:0% tested for<00:08:18.800> purposes<00:08:19.280> of<00:08:19.680> states<00:08:19.919> in<00:08:20.000> gulata 00:08:21.270 --> 00:08:21.280 align:start position:0% for purposes of states in gulata 00:08:21.280 --> 00:08:24.309 align:start position:0% for purposes of states in gulata so<00:08:21.680> that<00:08:21.840> would<00:08:22.080> wrap<00:08:22.319> up<00:08:22.800> um 00:08:24.309 --> 00:08:24.319 align:start position:0% so that would wrap up um 00:08:24.319 --> 00:08:25.110 align:start position:0% so that would wrap up um the 00:08:25.110 --> 00:08:25.120 align:start position:0% the 00:08:25.120 --> 00:08:27.189 align:start position:0% the scope<00:08:25.520> and<00:08:25.599> the<00:08:25.759> reporting<00:08:26.240> requirements<00:08:27.039> and 00:08:27.189 --> 00:08:27.199 align:start position:0% scope and the reporting requirements and 00:08:27.199 --> 00:08:29.430 align:start position:0% scope and the reporting requirements and then<00:08:27.840> all<00:08:28.080> of<00:08:28.240> that<00:08:28.560> information<00:08:29.280> quite 00:08:29.430 --> 00:08:29.440 align:start position:0% then all of that information quite 00:08:29.440 --> 00:08:30.550 align:start position:0% then all of that information quite honestly 00:08:30.550 --> 00:08:30.560 align:start position:0% honestly 00:08:30.560 --> 00:08:32.870 align:start position:0% honestly is<00:08:30.800> the<00:08:30.960> only<00:08:31.280> thing<00:08:31.520> in<00:08:31.759> any<00:08:32.000> bound<00:08:32.320> document 00:08:32.870 --> 00:08:32.880 align:start position:0% is the only thing in any bound document 00:08:32.880 --> 00:08:35.430 align:start position:0% is the only thing in any bound document that<00:08:33.039> you<00:08:33.279> have<00:08:34.159> that<00:08:34.399> belongs<00:08:34.880> to<00:08:35.120> us<00:08:35.279> the 00:08:35.430 --> 00:08:35.440 align:start position:0% that you have that belongs to us the 00:08:35.440 --> 00:08:37.990 align:start position:0% that you have that belongs to us the auditors<00:08:36.159> um<00:08:36.719> everything<00:08:37.200> else<00:08:37.519> financial 00:08:37.990 --> 00:08:38.000 align:start position:0% auditors um everything else financial 00:08:38.000 --> 00:08:40.149 align:start position:0% auditors um everything else financial statement<00:08:38.399> wise<00:08:38.719> is<00:08:38.959> actually<00:08:39.599> management's 00:08:40.149 --> 00:08:40.159 align:start position:0% statement wise is actually management's 00:08:40.159 --> 00:08:42.310 align:start position:0% statement wise is actually management's financial<00:08:40.640> statements<00:08:41.200> we<00:08:41.440> do<00:08:41.760> assist<00:08:42.080> in<00:08:42.240> the 00:08:42.310 --> 00:08:42.320 align:start position:0% financial statements we do assist in the 00:08:42.320 --> 00:08:43.829 align:start position:0% financial statements we do assist in the preparation<00:08:42.959> of<00:08:43.039> those 00:08:43.829 --> 00:08:43.839 align:start position:0% preparation of those 00:08:43.839 --> 00:08:46.070 align:start position:0% preparation of those but<00:08:44.080> management<00:08:44.959> owns<00:08:45.200> those<00:08:45.760> and<00:08:45.920> is 00:08:46.070 --> 00:08:46.080 align:start position:0% but management owns those and is 00:08:46.080 --> 00:08:48.230 align:start position:0% but management owns those and is responsible<00:08:46.720> for<00:08:46.880> those<00:08:47.120> we<00:08:47.279> just<00:08:47.680> pine<00:08:48.080> on 00:08:48.230 --> 00:08:48.240 align:start position:0% responsible for those we just pine on 00:08:48.240 --> 00:08:50.070 align:start position:0% responsible for those we just pine on those 00:08:50.070 --> 00:08:50.080 align:start position:0% those 00:08:50.080 --> 00:08:52.150 align:start position:0% those relevant<00:08:50.640> to<00:08:50.880> financial<00:08:51.279> highlights<00:08:51.760> i'm<00:08:51.920> on 00:08:52.150 --> 00:08:52.160 align:start position:0% relevant to financial highlights i'm on 00:08:52.160 --> 00:08:56.630 align:start position:0% relevant to financial highlights i'm on slide<00:08:52.560> nine<00:08:52.959> now<00:08:54.000> this<00:08:54.240> is<00:08:54.399> a<00:08:54.560> snapshot 00:08:56.630 --> 00:08:56.640 align:start position:0% slide nine now this is a snapshot 00:08:56.640 --> 00:08:58.070 align:start position:0% slide nine now this is a snapshot of<00:08:57.040> the 00:08:58.070 --> 00:08:58.080 align:start position:0% of the 00:08:58.080 --> 00:09:00.230 align:start position:0% of the balance<00:08:58.480> sheet<00:08:58.720> if<00:08:58.880> you<00:08:58.959> will<00:08:59.279> as<00:08:59.440> of<00:08:59.600> june<00:08:59.839> 30 00:09:00.230 --> 00:09:00.240 align:start position:0% balance sheet if you will as of june 30 00:09:00.240 --> 00:09:01.509 align:start position:0% balance sheet if you will as of june 30 2020 00:09:01.509 --> 00:09:01.519 align:start position:0% 2020 00:09:01.519 --> 00:09:03.910 align:start position:0% 2020 uh<00:09:01.920> highlights<00:09:02.480> here<00:09:02.640> that<00:09:02.880> i 00:09:03.910 --> 00:09:03.920 align:start position:0% uh highlights here that i 00:09:03.920 --> 00:09:05.509 align:start position:0% uh highlights here that i you<00:09:04.000> know<00:09:04.240> like<00:09:04.399> to<00:09:04.560> walk<00:09:04.800> you<00:09:04.959> through<00:09:05.200> so<00:09:05.360> to 00:09:05.509 --> 00:09:05.519 align:start position:0% you know like to walk you through so to 00:09:05.519 --> 00:09:07.670 align:start position:0% you know like to walk you through so to speak<00:09:06.240> general<00:09:06.640> fund<00:09:06.880> the<00:09:07.040> total<00:09:07.440> thumb 00:09:07.670 --> 00:09:07.680 align:start position:0% speak general fund the total thumb 00:09:07.680 --> 00:09:09.829 align:start position:0% speak general fund the total thumb balance<00:09:08.160> and<00:09:08.399> and<00:09:08.560> i've<00:09:08.800> got 00:09:09.829 --> 00:09:09.839 align:start position:0% balance and and i've got 00:09:09.839 --> 00:09:12.150 align:start position:0% balance and and i've got um<00:09:10.640> all<00:09:10.800> of<00:09:10.880> the<00:09:11.040> areas<00:09:11.440> that<00:09:11.600> i'm<00:09:11.839> talking 00:09:12.150 --> 00:09:12.160 align:start position:0% um all of the areas that i'm talking 00:09:12.160 --> 00:09:15.509 align:start position:0% um all of the areas that i'm talking about<00:09:12.480> and<00:09:12.640> i<00:09:12.800> realize<00:09:13.120> these<00:09:13.360> are<00:09:13.680> 25<00:09:14.480> 35<00:09:15.200> 000 00:09:15.509 --> 00:09:15.519 align:start position:0% about and i realize these are 25 35 000 00:09:15.519 --> 00:09:19.350 align:start position:0% about and i realize these are 25 35 000 foot<00:09:16.240> views<00:09:16.640> on<00:09:16.880> on<00:09:17.120> all<00:09:17.360> of<00:09:17.519> this 00:09:19.350 --> 00:09:19.360 align:start position:0% foot views on on all of this 00:09:19.360 --> 00:09:21.269 align:start position:0% foot views on on all of this but<00:09:19.600> all<00:09:19.839> the<00:09:20.000> areas<00:09:20.399> i'm<00:09:20.560> talking<00:09:20.880> about<00:09:21.120> i 00:09:21.269 --> 00:09:21.279 align:start position:0% but all the areas i'm talking about i 00:09:21.279 --> 00:09:23.910 align:start position:0% but all the areas i'm talking about i have<00:09:21.519> highlighted<00:09:22.160> i<00:09:22.399> i<00:09:22.640> hope<00:09:22.880> they<00:09:23.120> did<00:09:23.600> print 00:09:23.910 --> 00:09:23.920 align:start position:0% have highlighted i i hope they did print 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of the year was 37 million 252 00:09:31.839 --> 00:09:33.269 align:start position:0% the end of the year was 37 million 252 270. 00:09:33.269 --> 00:09:33.279 align:start position:0% 270. 00:09:33.279 --> 00:09:34.310 align:start position:0% 270. uh 00:09:34.310 --> 00:09:34.320 align:start position:0% uh 00:09:34.320 --> 00:09:37.990 align:start position:0% uh 28<00:09:34.880> million<00:09:35.360> 993<00:09:36.320> 999<00:09:37.279> of<00:09:37.360> that<00:09:37.680> was 00:09:37.990 --> 00:09:38.000 align:start position:0% 28 million 993 999 of that was 00:09:38.000 --> 00:09:40.550 align:start position:0% 28 million 993 999 of that was unassigned<00:09:39.040> on<00:09:39.279> a<00:09:39.360> signed<00:09:39.680> fund<00:09:39.920> balance<00:09:40.399> and 00:09:40.550 --> 00:09:40.560 align:start position:0% unassigned on a signed fund balance and 00:09:40.560 --> 00:09:42.949 align:start position:0% unassigned on a signed fund balance and that<00:09:40.959> uh<00:09:41.279> on<00:09:41.519> assigned<00:09:42.000> level<00:09:42.320> represented 00:09:42.949 --> 00:09:42.959 align:start position:0% that uh on assigned level represented 00:09:42.959 --> 00:09:43.750 align:start position:0% that uh on assigned level represented about 00:09:43.750 --> 00:09:43.760 align:start position:0% about 00:09:43.760 --> 00:09:47.509 align:start position:0% about 23<00:09:44.399> represent<00:09:45.000> 23.9<00:09:46.480> of<00:09:46.640> total 00:09:47.509 --> 00:09:47.519 align:start position:0% 23 represent 23.9 of total 00:09:47.519 --> 00:09:49.509 align:start position:0% 23 represent 23.9 of total fund<00:09:47.839> expenditures<00:09:48.480> and<00:09:48.640> transfers<00:09:49.120> out<00:09:49.360> for 00:09:49.509 --> 00:09:49.519 align:start position:0% fund expenditures and transfers out for 00:09:49.519 --> 00:09:51.829 align:start position:0% fund expenditures and transfers out for the<00:09:49.680> fiscal<00:09:50.160> year 00:09:51.829 --> 00:09:51.839 align:start position:0% the fiscal year 00:09:51.839 --> 00:09:53.910 align:start position:0% the fiscal year in<00:09:51.920> your<00:09:52.160> capital<00:09:52.560> project<00:09:52.959> fund 00:09:53.910 --> 00:09:53.920 align:start position:0% in your capital project fund 00:09:53.920 --> 00:09:57.750 align:start position:0% in your capital project fund fund<00:09:54.160> balance<00:09:54.480> is<00:09:54.640> 26<00:09:55.200> million<00:09:55.519> 923<00:09:56.320> 0.44<00:09:57.519> you 00:09:57.750 --> 00:09:57.760 align:start position:0% fund balance is 26 million 923 0.44 you 00:09:57.760 --> 00:10:00.389 align:start position:0% fund balance is 26 million 923 0.44 you do<00:09:58.080> you<00:09:58.240> do<00:09:58.560> have<00:09:58.800> a<00:09:59.200> relatively<00:09:59.760> significant 00:10:00.389 --> 00:10:00.399 align:start position:0% do you do have a relatively significant 00:10:00.399 --> 00:10:02.230 align:start position:0% do you do have a relatively significant receivable<00:10:01.040> sitting<00:10:01.360> in<00:10:01.519> there<00:10:01.839> a<00:10:02.000> little 00:10:02.230 --> 00:10:02.240 align:start position:0% receivable sitting in there a little 00:10:02.240 --> 00:10:04.630 align:start position:0% receivable sitting in there a little over<00:10:02.480> 10<00:10:02.720> million<00:10:03.040> dollars<00:10:03.680> as<00:10:03.920> of<00:10:04.000> june<00:10:04.240> 30 00:10:04.630 --> 00:10:04.640 align:start position:0% over 10 million dollars as of june 30 00:10:04.640 --> 00:10:06.150 align:start position:0% over 10 million dollars as of june 30 2020 00:10:06.150 --> 00:10:06.160 align:start position:0% 2020 00:10:06.160 --> 00:10:08.790 align:start position:0% 2020 that<00:10:06.320> was<00:10:06.640> predominantly<00:10:07.360> represented<00:10:08.079> by 00:10:08.790 --> 00:10:08.800 align:start position:0% that was predominantly represented by 00:10:08.800 --> 00:10:10.230 align:start position:0% that was predominantly represented by reimbursements<00:10:09.519> due<00:10:09.680> to<00:10:09.839> project 00:10:10.230 --> 00:10:10.240 align:start position:0% reimbursements due to project 00:10:10.240 --> 00:10:12.069 align:start position:0% reimbursements due to project expenditures<00:10:10.959> it's<00:10:11.120> all<00:10:11.360> due<00:10:11.519> from<00:10:11.760> the<00:10:11.839> state 00:10:12.069 --> 00:10:12.079 align:start position:0% expenditures it's all due from the state 00:10:12.079 --> 00:10:13.990 align:start position:0% expenditures it's all due from the state of<00:10:12.240> connecticut 00:10:13.990 --> 00:10:14.000 align:start position:0% of connecticut 00:10:14.000 --> 00:10:17.590 align:start position:0% of connecticut we<00:10:14.480> have<00:10:14.800> not<00:10:15.040> begun<00:10:15.600> any<00:10:15.839> work 00:10:17.590 --> 00:10:17.600 align:start position:0% we have not begun any work 00:10:17.600 --> 00:10:20.069 align:start position:0% we have not begun any work relative<00:10:18.000> to<00:10:18.240> 2021<00:10:19.040> i<00:10:19.360> you<00:10:19.519> know<00:10:19.680> i<00:10:19.839> i<00:10:19.920> don't 00:10:20.069 --> 00:10:20.079 align:start position:0% relative to 2021 i you know i i don't 00:10:20.079 --> 00:10:22.550 align:start position:0% relative to 2021 i you know i i don't know<00:10:20.240> where<00:10:20.480> those<00:10:20.720> stand<00:10:21.200> now<00:10:21.920> uh<00:10:22.320> i 00:10:22.550 --> 00:10:22.560 align:start position:0% know where those stand now uh i 00:10:22.560 --> 00:10:24.790 align:start position:0% know where those stand now uh i understand<00:10:23.600> we're<00:10:23.839> talking<00:10:24.320> about 00:10:24.790 --> 00:10:24.800 align:start position:0% understand we're talking about 00:10:24.800 --> 00:10:26.710 align:start position:0% understand we're talking about relatively<00:10:25.440> ancient<00:10:25.760> history<00:10:26.160> here<00:10:26.480> talking 00:10:26.710 --> 00:10:26.720 align:start position:0% relatively ancient history here talking 00:10:26.720 --> 00:10:29.350 align:start position:0% relatively ancient history here talking about<00:10:26.959> june<00:10:27.200> 30<00:10:27.519> 2020<00:10:28.079> financial<00:10:28.480> statements 00:10:29.350 --> 00:10:29.360 align:start position:0% about june 30 2020 financial statements 00:10:29.360 --> 00:10:31.110 align:start position:0% about june 30 2020 financial statements uh<00:10:29.680> but<00:10:29.839> that<00:10:30.079> is<00:10:30.160> where<00:10:30.399> they<00:10:30.560> stood<00:10:30.880> as<00:10:31.040> of 00:10:31.110 --> 00:10:31.120 align:start position:0% uh but that is where they stood as of 00:10:31.120 --> 00:10:33.430 align:start position:0% uh but that is where they stood as of june<00:10:31.360> 3rd<00:10:31.680> 2012. 00:10:33.430 --> 00:10:33.440 align:start position:0% june 3rd 2012. 00:10:33.440 --> 00:10:35.590 align:start position:0% june 3rd 2012. the<00:10:33.600> next<00:10:33.839> slide<00:10:34.399> again<00:10:34.720> focusing<00:10:35.279> on<00:10:35.360> those 00:10:35.590 --> 00:10:35.600 align:start position:0% the next slide again focusing on those 00:10:35.600 --> 00:10:37.670 align:start position:0% the next slide again focusing on those two<00:10:35.760> major<00:10:36.160> funds 00:10:37.670 --> 00:10:37.680 align:start position:0% two major funds 00:10:37.680 --> 00:10:39.350 align:start position:0% two major funds this<00:10:37.920> is<00:10:38.160> the<00:10:38.320> operating<00:10:38.800> statement<00:10:39.200> if<00:10:39.279> you 00:10:39.350 --> 00:10:39.360 align:start position:0% this is the operating statement if you 00:10:39.360 --> 00:10:41.269 align:start position:0% this is the operating statement if you will<00:10:39.600> statement<00:10:40.000> of<00:10:40.079> revenues<00:10:40.560> expenses 00:10:41.269 --> 00:10:41.279 align:start position:0% will statement of revenues expenses 00:10:41.279 --> 00:10:43.910 align:start position:0% will statement of revenues expenses expenditures<00:10:42.000> and<00:10:42.399> changes<00:10:42.800> in<00:10:42.880> fund<00:10:43.120> balance 00:10:43.910 --> 00:10:43.920 align:start position:0% expenditures and changes in fund balance 00:10:43.920 --> 00:10:45.750 align:start position:0% expenditures and changes in fund balance total<00:10:44.240> fund<00:10:44.480> balance<00:10:44.880> in<00:10:44.959> the<00:10:45.120> general<00:10:45.440> fund 00:10:45.750 --> 00:10:45.760 align:start position:0% total fund balance in the general fund 00:10:45.760 --> 00:10:48.790 align:start position:0% total fund balance in the general fund increased<00:10:46.800> year<00:10:47.040> over<00:10:47.279> year<00:10:47.519> by<00:10:47.760> four<00:10:48.000> million 00:10:48.790 --> 00:10:48.800 align:start position:0% increased year over year by four million 00:10:48.800 --> 00:10:50.230 align:start position:0% increased year over year by four million six<00:10:49.040> fifty<00:10:49.440> three 00:10:50.230 --> 00:10:50.240 align:start position:0% six fifty three 00:10:50.240 --> 00:10:51.670 align:start position:0% six fifty three zero<00:10:50.560> zero<00:10:50.880> three 00:10:51.670 --> 00:10:51.680 align:start position:0% zero zero three 00:10:51.680 --> 00:10:53.910 align:start position:0% zero zero three and<00:10:51.760> that's<00:10:52.079> on<00:10:52.240> a<00:10:52.399> gap<00:10:52.640> basis<00:10:53.279> as<00:10:53.440> opposed<00:10:53.760> to 00:10:53.910 --> 00:10:53.920 align:start position:0% and that's on a gap basis as opposed to 00:10:53.920 --> 00:10:56.310 align:start position:0% and that's on a gap basis as opposed to budgetary<00:10:54.480> basis<00:10:55.360> and<00:10:55.519> this<00:10:55.760> was<00:10:56.000> due 00:10:56.310 --> 00:10:56.320 align:start position:0% budgetary basis and this was due 00:10:56.320 --> 00:10:58.150 align:start position:0% budgetary basis and this was due primarily<00:10:57.040> there's<00:10:57.200> a<00:10:57.279> budget<00:10:57.600> statement<00:10:58.000> in 00:10:58.150 --> 00:10:58.160 align:start position:0% primarily there's a budget statement in 00:10:58.160 --> 00:10:59.590 align:start position:0% primarily there's a budget statement in here<00:10:58.320> so<00:10:58.480> we'll<00:10:58.640> go<00:10:58.800> through<00:10:58.959> that<00:10:59.120> but<00:10:59.279> it<00:10:59.360> was 00:10:59.590 --> 00:10:59.600 align:start position:0% here so we'll go through that but it was 00:10:59.600 --> 00:11:01.829 align:start position:0% here so we'll go through that but it was it<00:10:59.760> was<00:11:00.320> uh<00:11:00.560> primarily<00:11:01.120> due<00:11:01.279> to<00:11:01.360> the<00:11:01.519> fact<00:11:01.680> that 00:11:01.829 --> 00:11:01.839 align:start position:0% it was uh primarily due to the fact that 00:11:01.839 --> 00:11:04.470 align:start position:0% it was uh primarily due to the fact that your<00:11:02.560> your<00:11:02.800> actual<00:11:03.200> revenues<00:11:03.680> outperformed 00:11:04.470 --> 00:11:04.480 align:start position:0% your your actual revenues outperformed 00:11:04.480 --> 00:11:05.509 align:start position:0% your your actual revenues outperformed what<00:11:04.720> you 00:11:05.509 --> 00:11:05.519 align:start position:0% what you 00:11:05.519 --> 00:11:07.430 align:start position:0% what you set<00:11:05.839> the<00:11:05.920> budget<00:11:06.560> um<00:11:07.040> you<00:11:07.120> know<00:11:07.279> your 00:11:07.430 --> 00:11:07.440 align:start position:0% set the budget um you know your 00:11:07.440 --> 00:11:09.990 align:start position:0% set the budget um you know your projected<00:11:07.920> revenues<00:11:08.480> relative<00:11:08.880> to<00:11:09.040> budget 00:11:09.990 --> 00:11:10.000 align:start position:0% projected revenues relative to budget 00:11:10.000 --> 00:11:13.269 align:start position:0% projected revenues relative to budget uh<00:11:10.399> and<00:11:10.560> your<00:11:10.720> expenditures<00:11:11.680> um<00:11:12.079> were<00:11:12.320> managed 00:11:13.269 --> 00:11:13.279 align:start position:0% uh and your expenditures um were managed 00:11:13.279 --> 00:11:16.310 align:start position:0% uh and your expenditures um were managed well<00:11:13.600> under<00:11:14.000> what<00:11:14.160> the<00:11:14.640> the<00:11:14.880> the<00:11:15.440> appropriated 00:11:16.310 --> 00:11:16.320 align:start position:0% well under what the the the appropriated 00:11:16.320 --> 00:11:18.230 align:start position:0% well under what the the the appropriated uh<00:11:16.720> or<00:11:16.880> the<00:11:17.040> appropriations<00:11:17.760> were<00:11:18.000> for 00:11:18.230 --> 00:11:18.240 align:start position:0% uh or the appropriations were for 00:11:18.240 --> 00:11:20.550 align:start position:0% uh or the appropriations were for expenditures<00:11:18.800> for<00:11:18.959> the<00:11:19.040> fiscal<00:11:19.440> year<00:11:19.760> so 00:11:20.550 --> 00:11:20.560 align:start position:0% expenditures for the fiscal year so 00:11:20.560 --> 00:11:22.310 align:start position:0% expenditures for the fiscal year so clearly<00:11:21.040> you're<00:11:21.279> you're<00:11:21.600> you're<00:11:21.839> gaining<00:11:22.240> on 00:11:22.310 --> 00:11:22.320 align:start position:0% clearly you're you're you're gaining on 00:11:22.320 --> 00:11:23.910 align:start position:0% clearly you're you're you're gaining on the<00:11:22.399> revenue<00:11:22.800> stream<00:11:23.279> and<00:11:23.680> you're 00:11:23.910 --> 00:11:23.920 align:start position:0% the revenue stream and you're 00:11:23.920 --> 00:11:25.509 align:start position:0% the revenue stream and you're controlling<00:11:24.399> the<00:11:24.560> expenditure<00:11:25.040> stream<00:11:25.360> so 00:11:25.509 --> 00:11:25.519 align:start position:0% controlling the expenditure stream so 00:11:25.519 --> 00:11:28.150 align:start position:0% controlling the expenditure stream so that's<00:11:25.760> going<00:11:25.839> to<00:11:26.000> generate<00:11:26.399> some<00:11:26.560> surplus 00:11:28.150 --> 00:11:28.160 align:start position:0% that's going to generate some surplus 00:11:28.160 --> 00:11:30.470 align:start position:0% that's going to generate some surplus the<00:11:28.320> capital<00:11:28.720> project<00:11:29.200> fund 00:11:30.470 --> 00:11:30.480 align:start position:0% the capital project fund 00:11:30.480 --> 00:11:33.030 align:start position:0% the capital project fund uh<00:11:30.880> total<00:11:31.200> fund<00:11:31.440> balance<00:11:32.320> as<00:11:32.560> i<00:11:32.720> stated 00:11:33.030 --> 00:11:33.040 align:start position:0% uh total fund balance as i stated 00:11:33.040 --> 00:11:38.230 align:start position:0% uh total fund balance as i stated earlier<00:11:33.440> 20<00:11:33.680> million<00:11:34.079> 759<00:11:34.959> 642<00:11:35.920> june<00:11:36.240> 30.<00:11:37.120> um 00:11:38.230 --> 00:11:38.240 align:start position:0% earlier 20 million 759 642 june 30. um 00:11:38.240 --> 00:11:40.710 align:start position:0% earlier 20 million 759 642 june 30. um and<00:11:38.880> that<00:11:39.440> that<00:11:39.600> was<00:11:39.839> actually<00:11:40.079> the<00:11:40.320> increase 00:11:40.710 --> 00:11:40.720 align:start position:0% and that that was actually the increase 00:11:40.720 --> 00:11:42.710 align:start position:0% and that that was actually the increase year<00:11:40.959> over<00:11:41.200> year<00:11:41.360> and<00:11:41.440> that's 00:11:42.710 --> 00:11:42.720 align:start position:0% year over year and that's 00:11:42.720 --> 00:11:45.430 align:start position:0% year over year and that's really<00:11:43.040> solely<00:11:43.519> due<00:11:43.680> to<00:11:43.920> uh<00:11:44.160> 45<00:11:44.640> million 00:11:45.430 --> 00:11:45.440 align:start position:0% really solely due to uh 45 million 00:11:45.440 --> 00:11:47.509 align:start position:0% really solely due to uh 45 million debt<00:11:45.680> issuance<00:11:46.079> that<00:11:46.640> transpired<00:11:47.200> during 00:11:47.509 --> 00:11:47.519 align:start position:0% debt issuance that transpired during 00:11:47.519 --> 00:11:49.190 align:start position:0% debt issuance that transpired during fiscal<00:11:47.920> 20. 00:11:49.190 --> 00:11:49.200 align:start position:0% fiscal 20. 00:11:49.200 --> 00:11:51.110 align:start position:0% fiscal 20. under<00:11:49.440> governmental<00:11:50.000> accounting 00:11:51.110 --> 00:11:51.120 align:start position:0% under governmental accounting 00:11:51.120 --> 00:11:53.509 align:start position:0% under governmental accounting debt<00:11:51.360> issuance<00:11:52.240> comes<00:11:52.639> in<00:11:52.880> as<00:11:53.040> an<00:11:53.200> other 00:11:53.509 --> 00:11:53.519 align:start position:0% debt issuance comes in as an other 00:11:53.519 --> 00:11:55.269 align:start position:0% debt issuance comes in as an other financing<00:11:54.160> source<00:11:54.560> as<00:11:54.720> opposed<00:11:55.040> to 00:11:55.269 --> 00:11:55.279 align:start position:0% financing source as opposed to 00:11:55.279 --> 00:11:57.269 align:start position:0% financing source as opposed to commercial<00:11:55.760> accounting<00:11:56.160> it<00:11:56.240> would<00:11:56.399> just<00:11:56.959> slap 00:11:57.269 --> 00:11:57.279 align:start position:0% commercial accounting it would just slap 00:11:57.279 --> 00:11:58.470 align:start position:0% commercial accounting it would just slap right<00:11:57.519> on<00:11:57.600> the<00:11:57.680> balance<00:11:58.000> sheet<00:11:58.240> as<00:11:58.399> a 00:11:58.470 --> 00:11:58.480 align:start position:0% right on the balance sheet as a 00:11:58.480 --> 00:12:01.750 align:start position:0% right on the balance sheet as a liability 00:12:01.750 --> 00:12:01.760 align:start position:0% 00:12:01.760 --> 00:12:05.030 align:start position:0% so<00:12:02.240> the<00:12:02.399> next<00:12:02.639> slide<00:12:03.360> is<00:12:03.680> your<00:12:04.399> budgetary 00:12:05.030 --> 00:12:05.040 align:start position:0% so the next slide is your budgetary 00:12:05.040 --> 00:12:07.590 align:start position:0% so the next slide is your budgetary statement<00:12:05.440> for<00:12:05.600> the<00:12:05.760> general<00:12:06.160> fund<00:12:06.880> and<00:12:07.200> my 00:12:07.590 --> 00:12:07.600 align:start position:0% statement for the general fund and my 00:12:07.600 --> 00:12:10.389 align:start position:0% statement for the general fund and my focus<00:12:08.079> here<00:12:08.480> really<00:12:08.880> is<00:12:09.040> that<00:12:09.839> far<00:12:10.079> right 00:12:10.389 --> 00:12:10.399 align:start position:0% focus here really is that far right 00:12:10.399 --> 00:12:13.030 align:start position:0% focus here really is that far right column<00:12:10.800> the<00:12:10.959> positive<00:12:11.440> variance 00:12:13.030 --> 00:12:13.040 align:start position:0% column the positive variance 00:12:13.040 --> 00:12:15.030 align:start position:0% column the positive variance or<00:12:13.200> the<00:12:13.360> variance<00:12:14.160> be<00:12:14.320> it<00:12:14.480> positive<00:12:14.880> or 00:12:15.030 --> 00:12:15.040 align:start position:0% or the variance be it positive or 00:12:15.040 --> 00:12:16.470 align:start position:0% or the variance be it positive or negative 00:12:16.470 --> 00:12:16.480 align:start position:0% negative 00:12:16.480 --> 00:12:17.670 align:start position:0% negative i'm 00:12:17.670 --> 00:12:17.680 align:start position:0% i'm 00:12:17.680 --> 00:12:19.910 align:start position:0% i'm presenting<00:12:18.160> to<00:12:18.320> you<00:12:18.560> all<00:12:18.880> the<00:12:19.519> revenue 00:12:19.910 --> 00:12:19.920 align:start position:0% presenting to you all the revenue 00:12:19.920 --> 00:12:22.790 align:start position:0% presenting to you all the revenue functions<00:12:20.399> and<00:12:20.480> the<00:12:20.639> expenditure<00:12:21.279> functions 00:12:22.790 --> 00:12:22.800 align:start position:0% functions and the expenditure functions 00:12:22.800 --> 00:12:24.550 align:start position:0% functions and the expenditure functions the<00:12:22.959> original<00:12:23.360> budget<00:12:23.760> final<00:12:24.079> budget<00:12:24.480> and 00:12:24.550 --> 00:12:24.560 align:start position:0% the original budget final budget and 00:12:24.560 --> 00:12:26.389 align:start position:0% the original budget final budget and then<00:12:25.040> what<00:12:25.360> actually<00:12:25.680> happened<00:12:26.000> so<00:12:26.160> your 00:12:26.389 --> 00:12:26.399 align:start position:0% then what actually happened so your 00:12:26.399 --> 00:12:28.710 align:start position:0% then what actually happened so your actual<00:12:26.720> data<00:12:27.040> relative<00:12:27.920> so 00:12:28.710 --> 00:12:28.720 align:start position:0% actual data relative so 00:12:28.720 --> 00:12:31.350 align:start position:0% actual data relative so um<00:12:29.279> if<00:12:29.440> you<00:12:29.600> look<00:12:29.920> at<00:12:30.079> it<00:12:30.320> from<00:12:30.560> a<00:12:30.720> budgetary 00:12:31.350 --> 00:12:31.360 align:start position:0% um if you look at it from a budgetary 00:12:31.360 --> 00:12:33.910 align:start position:0% um if you look at it from a budgetary perspective<00:12:32.160> from<00:12:32.399> balance<00:12:32.800> increased 00:12:33.910 --> 00:12:33.920 align:start position:0% perspective from balance increased 00:12:33.920 --> 00:12:36.069 align:start position:0% perspective from balance increased three<00:12:34.079> million<00:12:34.560> eight<00:12:34.800> thirty<00:12:35.200> oh<00:12:35.440> one<00:12:35.760> three 00:12:36.069 --> 00:12:36.079 align:start position:0% three million eight thirty oh one three 00:12:36.079 --> 00:12:38.069 align:start position:0% three million eight thirty oh one three so<00:12:36.240> a<00:12:36.320> little<00:12:36.560> bit<00:12:36.880> less<00:12:37.200> than<00:12:37.360> the<00:12:37.519> gap<00:12:37.839> from 00:12:38.069 --> 00:12:38.079 align:start position:0% so a little bit less than the gap from 00:12:38.079 --> 00:12:40.150 align:start position:0% so a little bit less than the gap from balance<00:12:38.639> and<00:12:38.720> that<00:12:39.040> really<00:12:39.360> is<00:12:39.440> primarily<00:12:40.000> due 00:12:40.150 --> 00:12:40.160 align:start position:0% balance and that really is primarily due 00:12:40.160 --> 00:12:42.870 align:start position:0% balance and that really is primarily due to<00:12:40.320> how<00:12:40.720> encumbrances<00:12:41.519> are<00:12:41.680> handled<00:12:42.560> under 00:12:42.870 --> 00:12:42.880 align:start position:0% to how encumbrances are handled under 00:12:42.880 --> 00:12:46.069 align:start position:0% to how encumbrances are handled under gap<00:12:43.200> as<00:12:43.360> opposed<00:12:43.680> to<00:12:43.920> under<00:12:44.079> budgetary 00:12:46.069 --> 00:12:46.079 align:start position:0% gap as opposed to under budgetary 00:12:46.079 --> 00:12:47.829 align:start position:0% gap as opposed to under budgetary but<00:12:46.240> again<00:12:46.560> if<00:12:46.720> you<00:12:46.959> if<00:12:47.040> you<00:12:47.200> focus<00:12:47.600> out<00:12:47.760> on 00:12:47.829 --> 00:12:47.839 align:start position:0% but again if you if you focus out on 00:12:47.839 --> 00:12:50.470 align:start position:0% but again if you if you focus out on that<00:12:48.079> right<00:12:48.480> right<00:12:48.639> hand<00:12:48.959> column<00:12:49.360> you'll<00:12:49.680> see 00:12:50.470 --> 00:12:50.480 align:start position:0% that right right hand column you'll see 00:12:50.480 --> 00:12:54.069 align:start position:0% that right right hand column you'll see all<00:12:50.639> the<00:12:50.800> positive<00:12:51.360> variances<00:12:52.399> that<00:12:52.880> uh 00:12:54.069 --> 00:12:54.079 align:start position:0% all the positive variances that uh 00:12:54.079 --> 00:12:55.030 align:start position:0% all the positive variances that uh you<00:12:54.160> know 00:12:55.030 --> 00:12:55.040 align:start position:0% you know 00:12:55.040 --> 00:12:57.590 align:start position:0% you know were<00:12:55.360> recognized<00:12:56.480> relative<00:12:56.959> to<00:12:57.120> the<00:12:57.200> revenue 00:12:57.590 --> 00:12:57.600 align:start position:0% were recognized relative to the revenue 00:12:57.600 --> 00:12:59.590 align:start position:0% were recognized relative to the revenue function<00:12:58.079> so<00:12:58.720> um 00:12:59.590 --> 00:12:59.600 align:start position:0% function so um 00:12:59.600 --> 00:13:02.069 align:start position:0% function so um you<00:12:59.760> know<00:13:00.240> overall<00:13:00.800> total<00:13:01.120> revenues<00:13:01.600> came<00:13:01.920> in 00:13:02.069 --> 00:13:02.079 align:start position:0% you know overall total revenues came in 00:13:02.079 --> 00:13:04.310 align:start position:0% you know overall total revenues came in a<00:13:02.160> little<00:13:02.399> over<00:13:02.720> four<00:13:02.959> million<00:13:03.279> dollars 00:13:04.310 --> 00:13:04.320 align:start position:0% a little over four million dollars 00:13:04.320 --> 00:13:05.670 align:start position:0% a little over four million dollars in<00:13:04.560> excess<00:13:04.959> of<00:13:05.040> what<00:13:05.200> the<00:13:05.279> revenue 00:13:05.670 --> 00:13:05.680 align:start position:0% in excess of what the revenue 00:13:05.680 --> 00:13:08.389 align:start position:0% in excess of what the revenue projections<00:13:06.320> were<00:13:06.560> for<00:13:06.720> the<00:13:06.800> fiscal<00:13:07.200> year 00:13:08.389 --> 00:13:08.399 align:start position:0% projections were for the fiscal year 00:13:08.399 --> 00:13:09.829 align:start position:0% projections were for the fiscal year and<00:13:08.560> then<00:13:08.720> if<00:13:08.880> you<00:13:08.959> go<00:13:09.120> down<00:13:09.440> into<00:13:09.680> the 00:13:09.829 --> 00:13:09.839 align:start position:0% and then if you go down into the 00:13:09.839 --> 00:13:12.310 align:start position:0% and then if you go down into the expenditure<00:13:10.480> section<00:13:11.200> uh<00:13:11.440> you'll<00:13:11.760> see<00:13:12.000> that 00:13:12.310 --> 00:13:12.320 align:start position:0% expenditure section uh you'll see that 00:13:12.320 --> 00:13:13.670 align:start position:0% expenditure section uh you'll see that expenditures 00:13:13.670 --> 00:13:13.680 align:start position:0% expenditures 00:13:13.680 --> 00:13:15.910 align:start position:0% expenditures and<00:13:13.920> working<00:13:14.240> towards<00:13:14.560> the<00:13:14.639> bottom 00:13:15.910 --> 00:13:15.920 align:start position:0% and working towards the bottom 00:13:15.920 --> 00:13:17.509 align:start position:0% and working towards the bottom of<00:13:16.079> the<00:13:16.240> overall 00:13:17.509 --> 00:13:17.519 align:start position:0% of the overall 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of your 00:13:25.519 --> 00:13:27.110 align:start position:0% zero eighty eight uh over all of your expenditures<00:13:26.160> and<00:13:26.320> again<00:13:26.560> you<00:13:26.720> can<00:13:26.880> see 00:13:27.110 --> 00:13:27.120 align:start position:0% expenditures and again you can see 00:13:27.120 --> 00:13:30.310 align:start position:0% expenditures and again you can see function<00:13:27.519> by<00:13:27.680> function<00:13:28.560> uh<00:13:28.959> where<00:13:29.200> those 00:13:30.310 --> 00:13:30.320 align:start position:0% function by function uh where those 00:13:30.320 --> 00:13:33.190 align:start position:0% function by function uh where those variances<00:13:30.959> lie 00:13:33.190 --> 00:13:33.200 align:start position:0% variances lie 00:13:33.200 --> 00:13:34.790 align:start position:0% variances lie overall<00:13:33.839> when<00:13:34.000> you<00:13:34.160> look<00:13:34.399> at<00:13:34.480> it<00:13:34.560> from<00:13:34.720> the 00:13:34.790 --> 00:13:34.800 align:start position:0% overall when you look at it from the 00:13:34.800 --> 00:13:36.949 align:start position:0% overall when you look at it from the perspective<00:13:35.440> of<00:13:35.600> a<00:13:35.680> budgetary 00:13:36.949 --> 00:13:36.959 align:start position:0% perspective of a budgetary 00:13:36.959 --> 00:13:39.990 align:start position:0% perspective of a budgetary variance<00:13:37.519> it<00:13:37.920> it<00:13:38.320> it<00:13:38.560> basically<00:13:39.120> generates<00:13:39.680> a 00:13:39.990 --> 00:13:40.000 align:start position:0% variance it it it basically generates a 00:13:40.000 --> 00:13:42.550 align:start position:0% variance it it it basically generates a budgetary<00:13:40.639> variance<00:13:41.120> surplus<00:13:41.760> of<00:13:42.240> a<00:13:42.399> little 00:13:42.550 --> 00:13:42.560 align:start position:0% budgetary variance surplus of a little 00:13:42.560 --> 00:13:44.550 align:start position:0% budgetary variance surplus of a little over<00:13:42.880> seven<00:13:43.120> million<00:13:43.440> dollars 00:13:44.550 --> 00:13:44.560 align:start position:0% over seven million dollars 00:13:44.560 --> 00:13:45.670 align:start position:0% over seven million dollars um 00:13:45.670 --> 00:13:45.680 align:start position:0% um 00:13:45.680 --> 00:13:47.670 align:start position:0% um you<00:13:46.079> basically<00:13:46.560> get<00:13:46.800> you<00:13:46.959> get<00:13:47.120> to<00:13:47.279> the<00:13:47.440> seven 00:13:47.670 --> 00:13:47.680 align:start position:0% you basically get you get to the seven 00:13:47.680 --> 00:13:49.910 align:start position:0% you basically get you get to the seven million<00:13:48.000> dollars<00:13:48.399> by<00:13:48.639> the<00:13:48.800> fact<00:13:49.040> that<00:13:49.680> your 00:13:49.910 --> 00:13:49.920 align:start position:0% million dollars by the fact that your 00:13:49.920 --> 00:13:52.150 align:start position:0% million dollars by the fact that your revenue<00:13:50.240> is<00:13:50.399> outperformed<00:13:51.040> by<00:13:51.360> four 00:13:52.150 --> 00:13:52.160 align:start position:0% revenue is outperformed by four 00:13:52.160 --> 00:13:54.870 align:start position:0% revenue is outperformed by four expenditures<00:13:52.959> outperformed<00:13:53.680> by<00:13:54.000> two 00:13:54.870 --> 00:13:54.880 align:start position:0% expenditures outperformed by two 00:13:54.880 --> 00:13:57.509 align:start position:0% expenditures outperformed by two um<00:13:55.680> you<00:13:55.920> actually<00:13:56.320> your<00:13:56.560> original<00:13:57.040> budget<00:13:57.440> if 00:13:57.509 --> 00:13:57.519 align:start position:0% um you actually your original budget if 00:13:57.519 --> 00:13:59.910 align:start position:0% um you actually your original budget if you<00:13:57.600> look<00:13:57.839> down<00:13:58.079> at<00:13:58.160> that<00:13:58.560> last<00:13:59.040> line 00:13:59.910 --> 00:13:59.920 align:start position:0% you look down at that last line 00:13:59.920 --> 00:14:02.150 align:start position:0% you look down at that last line your<00:14:00.160> original<00:14:00.639> budget<00:14:01.120> was<00:14:01.519> planning<00:14:01.920> on 00:14:02.150 --> 00:14:02.160 align:start position:0% your original budget was planning on 00:14:02.160 --> 00:14:05.189 align:start position:0% your original budget was planning on taking<00:14:02.560> 2.8<00:14:03.279> million<00:14:03.680> dollars<00:14:04.720> from<00:14:04.959> fund 00:14:05.189 --> 00:14:05.199 align:start position:0% taking 2.8 million dollars from fund 00:14:05.199 --> 00:14:06.550 align:start position:0% taking 2.8 million dollars from fund balance 00:14:06.550 --> 00:14:06.560 align:start position:0% balance 00:14:06.560 --> 00:14:07.670 align:start position:0% balance there<00:14:06.800> were<00:14:06.959> also<00:14:07.279> additional 00:14:07.670 --> 00:14:07.680 align:start position:0% there were also additional 00:14:07.680 --> 00:14:10.550 align:start position:0% there were also additional appropriations<00:14:08.639> that<00:14:08.800> were<00:14:09.519> passed<00:14:10.000> during 00:14:10.550 --> 00:14:10.560 align:start position:0% appropriations that were passed during 00:14:10.560 --> 00:14:12.790 align:start position:0% appropriations that were passed during the<00:14:10.880> course<00:14:11.199> of<00:14:11.279> the<00:14:11.440> fiscal<00:14:11.920> year 00:14:12.790 --> 00:14:12.800 align:start position:0% the course of the fiscal year 00:14:12.800 --> 00:14:15.189 align:start position:0% the course of the fiscal year that<00:14:13.040> actually<00:14:13.440> really<00:14:13.920> increases<00:14:14.720> what<00:14:15.040> you 00:14:15.189 --> 00:14:15.199 align:start position:0% that actually really increases what you 00:14:15.199 --> 00:14:17.670 align:start position:0% that actually really increases what you were<00:14:15.600> expecting<00:14:16.240> to<00:14:16.480> pull<00:14:16.800> from<00:14:17.040> from<00:14:17.279> balance 00:14:17.670 --> 00:14:17.680 align:start position:0% were expecting to pull from from balance 00:14:17.680 --> 00:14:19.910 align:start position:0% were expecting to pull from from balance in<00:14:17.839> order<00:14:18.079> to<00:14:18.160> balance<00:14:18.560> this<00:14:18.720> budget<00:14:19.440> so<00:14:19.600> that 00:14:19.910 --> 00:14:19.920 align:start position:0% in order to balance this budget so that 00:14:19.920 --> 00:14:22.470 align:start position:0% in order to balance this budget so that went<00:14:20.160> up<00:14:20.320> to<00:14:20.560> 3.2<00:14:21.360> million<00:14:21.760> three<00:14:22.000> two<00:14:22.240> one 00:14:22.470 --> 00:14:22.480 align:start position:0% went up to 3.2 million three two one 00:14:22.480 --> 00:14:25.509 align:start position:0% went up to 3.2 million three two one four<00:14:22.800> five<00:14:23.040> fifty<00:14:23.440> seven<00:14:24.240> so<00:14:24.880> effectively 00:14:25.509 --> 00:14:25.519 align:start position:0% four five fifty seven so effectively 00:14:25.519 --> 00:14:26.629 align:start position:0% four five fifty seven so effectively what<00:14:25.680> we're<00:14:25.839> saying<00:14:26.160> here<00:14:26.320> with<00:14:26.480> your 00:14:26.629 --> 00:14:26.639 align:start position:0% what we're saying here with your 00:14:26.639 --> 00:14:28.829 align:start position:0% what we're saying here with your modified<00:14:27.120> budget<00:14:27.600> is<00:14:27.680> that<00:14:28.000> you<00:14:28.160> were 00:14:28.829 --> 00:14:28.839 align:start position:0% modified budget is that you were 00:14:28.839 --> 00:14:30.790 align:start position:0% modified budget is that you were expecting 00:14:30.790 --> 00:14:30.800 align:start position:0% expecting 00:14:30.800 --> 00:14:31.829 align:start position:0% expecting um 00:14:31.829 --> 00:14:31.839 align:start position:0% um 00:14:31.839 --> 00:14:34.230 align:start position:0% um a<00:14:32.000> deficit<00:14:32.480> of<00:14:32.560> 3.2<00:14:33.199> million<00:14:33.440> dollars<00:14:33.920> and<00:14:34.000> you 00:14:34.230 --> 00:14:34.240 align:start position:0% a deficit of 3.2 million dollars and you 00:14:34.240 --> 00:14:38.150 align:start position:0% a deficit of 3.2 million dollars and you actually<00:14:34.959> obtained<00:14:35.680> a<00:14:36.160> surplus<00:14:36.639> of<00:14:36.720> 3.8<00:14:37.440> so<00:14:37.839> uh 00:14:38.150 --> 00:14:38.160 align:start position:0% actually obtained a surplus of 3.8 so uh 00:14:38.160 --> 00:14:39.189 align:start position:0% actually obtained a surplus of 3.8 so uh the<00:14:38.480> the 00:14:39.189 --> 00:14:39.199 align:start position:0% the the 00:14:39.199 --> 00:14:40.310 align:start position:0% the the that 00:14:40.310 --> 00:14:40.320 align:start position:0% that 00:14:40.320 --> 00:14:41.829 align:start position:0% that you<00:14:40.480> know<00:14:40.639> that<00:14:40.880> that<00:14:41.040> again<00:14:41.360> is<00:14:41.519> going<00:14:41.600> to<00:14:41.680> get 00:14:41.829 --> 00:14:41.839 align:start position:0% you know that that again is going to get 00:14:41.839 --> 00:14:43.509 align:start position:0% you know that that again is going to get you<00:14:42.000> to<00:14:42.079> that<00:14:42.320> seven<00:14:42.560> million<00:14:42.880> dollar<00:14:43.120> budget 00:14:43.509 --> 00:14:43.519 align:start position:0% you to that seven million dollar budget 00:14:43.519 --> 00:14:45.269 align:start position:0% you to that seven million dollar budget areas 00:14:45.269 --> 00:14:45.279 align:start position:0% areas 00:14:45.279 --> 00:14:48.069 align:start position:0% areas um<00:14:45.920> the<00:14:46.079> next<00:14:46.320> slide<00:14:46.639> is<00:14:46.720> your<00:14:46.959> long-term<00:14:47.519> debt 00:14:48.069 --> 00:14:48.079 align:start position:0% um the next slide is your long-term debt 00:14:48.079 --> 00:14:50.629 align:start position:0% um the next slide is your long-term debt and<00:14:48.880> this<00:14:49.040> is<00:14:49.199> just<00:14:49.440> a 00:14:50.629 --> 00:14:50.639 align:start position:0% and this is just a 00:14:50.639 --> 00:14:52.629 align:start position:0% and this is just a table<00:14:51.040> out<00:14:51.279> of<00:14:51.519> the<00:14:51.680> notes<00:14:52.000> of<00:14:52.079> the<00:14:52.160> financial 00:14:52.629 --> 00:14:52.639 align:start position:0% table out of the notes of the financial 00:14:52.639 --> 00:14:53.750 align:start position:0% table out of the notes of the financial statements 00:14:53.750 --> 00:14:53.760 align:start position:0% statements 00:14:53.760 --> 00:14:55.750 align:start position:0% statements i'm<00:14:54.000> not<00:14:54.160> going<00:14:54.240> to<00:14:54.320> spend<00:14:54.639> a<00:14:54.720> lot<00:14:54.880> of<00:14:54.959> time<00:14:55.279> on 00:14:55.750 --> 00:14:55.760 align:start position:0% i'm not going to spend a lot of time on 00:14:55.760 --> 00:14:57.269 align:start position:0% i'm not going to spend a lot of time on on<00:14:56.079> this 00:14:57.269 --> 00:14:57.279 align:start position:0% on this 00:14:57.279 --> 00:14:59.269 align:start position:0% on this really<00:14:57.839> providing<00:14:58.320> it<00:14:58.399> to<00:14:58.560> you<00:14:58.720> just<00:14:58.880> so<00:14:59.040> you 00:14:59.269 --> 00:14:59.279 align:start position:0% really providing it to you just so you 00:14:59.279 --> 00:15:00.870 align:start position:0% really providing it to you just so you see<00:14:59.440> the<00:14:59.600> ebb<00:14:59.839> and<00:15:00.000> flow<00:15:00.320> from<00:15:00.560> beginning 00:15:00.870 --> 00:15:00.880 align:start position:0% see the ebb and flow from beginning 00:15:00.880 --> 00:15:02.389 align:start position:0% see the ebb and flow from beginning balance<00:15:01.199> to<00:15:01.360> ending<00:15:01.600> balance<00:15:01.920> for<00:15:02.000> the<00:15:02.079> fiscal 00:15:02.389 --> 00:15:02.399 align:start position:0% balance to ending balance for the fiscal 00:15:02.399 --> 00:15:03.750 align:start position:0% balance to ending balance for the fiscal year<00:15:02.639> the<00:15:02.800> one<00:15:02.959> thing 00:15:03.750 --> 00:15:03.760 align:start position:0% year the one thing 00:15:03.760 --> 00:15:05.030 align:start position:0% year the one thing i<00:15:04.000> i<00:15:04.240> just 00:15:05.030 --> 00:15:05.040 align:start position:0% i i just 00:15:05.040 --> 00:15:07.189 align:start position:0% i i just always<00:15:05.360> feel<00:15:05.600> compelled<00:15:06.160> to<00:15:06.880> bring<00:15:07.040> your 00:15:07.189 --> 00:15:07.199 align:start position:0% always feel compelled to bring your 00:15:07.199 --> 00:15:09.189 align:start position:0% always feel compelled to bring your attention<00:15:07.680> to<00:15:08.000> is<00:15:08.079> the<00:15:08.240> net<00:15:08.480> pension<00:15:08.959> and<00:15:09.040> the 00:15:09.189 --> 00:15:09.199 align:start position:0% attention to is the net pension and the 00:15:09.199 --> 00:15:11.590 align:start position:0% attention to is the net pension and the net<00:15:09.440> op<00:15:09.839> liability<00:15:10.560> and<00:15:10.800> in<00:15:10.959> this<00:15:11.199> case<00:15:11.440> the 00:15:11.590 --> 00:15:11.600 align:start position:0% net op liability and in this case the 00:15:11.600 --> 00:15:13.829 align:start position:0% net op liability and in this case the net<00:15:11.760> op<00:15:12.160> liability<00:15:12.959> is 00:15:13.829 --> 00:15:13.839 align:start position:0% net op liability is 00:15:13.839 --> 00:15:18.470 align:start position:0% net op liability is is<00:15:14.160> is<00:15:14.399> rather<00:15:14.800> tremendous<00:15:15.279> news<00:15:15.920> um 00:15:18.470 --> 00:15:18.480 align:start position:0% 00:15:18.480 --> 00:15:20.550 align:start position:0% probably<00:15:18.800> not<00:15:18.959> to<00:15:19.120> you<00:15:19.360> you<00:15:19.600> guys<00:15:20.240> were 00:15:20.550 --> 00:15:20.560 align:start position:0% probably not to you you guys were 00:15:20.560 --> 00:15:22.870 align:start position:0% probably not to you you guys were involved<00:15:20.959> in<00:15:21.120> all<00:15:21.360> those<00:15:21.600> decisions<00:15:22.480> uh<00:15:22.720> it 00:15:22.870 --> 00:15:22.880 align:start position:0% involved in all those decisions uh it 00:15:22.880 --> 00:15:24.629 align:start position:0% involved in all those decisions uh it was<00:15:23.279> tremendous<00:15:23.760> news<00:15:24.000> to<00:15:24.160> us<00:15:24.320> as<00:15:24.480> the 00:15:24.629 --> 00:15:24.639 align:start position:0% was tremendous news to us as the 00:15:24.639 --> 00:15:26.310 align:start position:0% was tremendous news to us as the auditors<00:15:25.120> when<00:15:25.440> when<00:15:25.600> we<00:15:25.760> saw<00:15:26.000> what<00:15:26.160> it 00:15:26.310 --> 00:15:26.320 align:start position:0% auditors when when we saw what it 00:15:26.320 --> 00:15:27.750 align:start position:0% auditors when when we saw what it transpired 00:15:27.750 --> 00:15:27.760 align:start position:0% transpired 00:15:27.760 --> 00:15:30.150 align:start position:0% transpired um<00:15:28.160> but<00:15:28.320> that<00:15:28.560> net<00:15:28.720> pension<00:15:29.120> liability<00:15:29.920> at<00:15:30.000> the 00:15:30.150 --> 00:15:30.160 align:start position:0% um but that net pension liability at the 00:15:30.160 --> 00:15:33.030 align:start position:0% um but that net pension liability at the end<00:15:30.320> of<00:15:30.399> the<00:15:30.480> fiscal<00:15:30.880> year<00:15:31.199> is<00:15:31.680> uh<00:15:31.920> 42<00:15:32.560> million 00:15:33.030 --> 00:15:33.040 align:start position:0% end of the fiscal year is uh 42 million 00:15:33.040 --> 00:15:35.670 align:start position:0% end of the fiscal year is uh 42 million five<00:15:33.279> one<00:15:33.519> five<00:15:33.759> seven<00:15:34.320> four<00:15:34.959> the<00:15:35.199> opeb 00:15:35.670 --> 00:15:35.680 align:start position:0% five one five seven four the opeb 00:15:35.680 --> 00:15:38.870 align:start position:0% five one five seven four the opeb liability<00:15:36.399> is<00:15:36.560> 200<00:15:37.120> and<00:15:37.360> just<00:15:37.600> under<00:15:37.839> 295 00:15:38.870 --> 00:15:38.880 align:start position:0% liability is 200 and just under 295 00:15:38.880 --> 00:15:40.550 align:start position:0% liability is 200 and just under 295 thousand<00:15:38.959> 000 00:15:40.550 --> 00:15:40.560 align:start position:0% thousand 000 00:15:40.560 --> 00:15:41.910 align:start position:0% thousand 000 the<00:15:40.880> next 00:15:41.910 --> 00:15:41.920 align:start position:0% the next 00:15:41.920 --> 00:15:43.110 align:start position:0% the next um 00:15:43.110 --> 00:15:43.120 align:start position:0% um 00:15:43.120 --> 00:15:46.150 align:start position:0% um three<00:15:43.440> slides<00:15:44.079> actually<00:15:44.800> are<00:15:45.120> are<00:15:45.279> really 00:15:46.150 --> 00:15:46.160 align:start position:0% three slides actually are are really 00:15:46.160 --> 00:15:49.269 align:start position:0% three slides actually are are really similar<00:15:46.639> information<00:15:47.600> uh<00:15:47.920> the<00:15:48.079> first<00:15:48.480> is<00:15:48.720> the 00:15:49.269 --> 00:15:49.279 align:start position:0% similar information uh the first is the 00:15:49.279 --> 00:15:50.710 align:start position:0% similar information uh the first is the the<00:15:49.440> police<00:15:49.839> plan 00:15:50.710 --> 00:15:50.720 align:start position:0% the police plan 00:15:50.720 --> 00:15:54.310 align:start position:0% the police plan the<00:15:50.959> second<00:15:51.440> is<00:15:51.759> the<00:15:52.160> volunteer<00:15:52.800> fire<00:15:53.120> plan 00:15:54.310 --> 00:15:54.320 align:start position:0% the second is the volunteer fire plan 00:15:54.320 --> 00:15:56.310 align:start position:0% the second is the volunteer fire plan and<00:15:54.399> then<00:15:54.560> the<00:15:54.720> third<00:15:55.040> is<00:15:55.120> that<00:15:55.360> opec<00:15:55.839> plan<00:15:56.160> and 00:15:56.310 --> 00:15:56.320 align:start position:0% and then the third is that opec plan and 00:15:56.320 --> 00:15:57.990 align:start position:0% and then the third is that opec plan and these<00:15:56.560> are<00:15:56.880> the 00:15:57.990 --> 00:15:58.000 align:start position:0% these are the 00:15:58.000 --> 00:15:59.590 align:start position:0% these are the basically<00:15:58.399> the<00:15:58.560> ebb<00:15:58.800> and<00:15:58.959> flow<00:15:59.279> of<00:15:59.440> the 00:15:59.590 --> 00:15:59.600 align:start position:0% basically the ebb and flow of the 00:15:59.600 --> 00:16:02.629 align:start position:0% basically the ebb and flow of the liability<00:16:00.399> year<00:16:00.639> over<00:16:00.880> year<00:16:01.199> and<00:16:01.360> it's<00:16:01.600> also 00:16:02.629 --> 00:16:02.639 align:start position:0% liability year over year and it's also 00:16:02.639 --> 00:16:05.670 align:start position:0% liability year over year and it's also giving<00:16:02.959> you<00:16:03.440> historical<00:16:04.160> information 00:16:05.670 --> 00:16:05.680 align:start position:0% giving you historical information 00:16:05.680 --> 00:16:08.790 align:start position:0% giving you historical information back<00:16:06.000> to<00:16:06.639> uh<00:16:07.040> in<00:16:07.199> the<00:16:07.279> case<00:16:07.519> of<00:16:07.680> the<00:16:08.240> fire 00:16:08.790 --> 00:16:08.800 align:start position:0% back to uh in the case of the fire 00:16:08.800 --> 00:16:11.509 align:start position:0% back to uh in the case of the fire police<00:16:09.199> plan<00:16:09.519> for<00:16:09.959> 2014 00:16:11.509 --> 00:16:11.519 align:start position:0% police plan for 2014 00:16:11.519 --> 00:16:14.230 align:start position:0% police plan for 2014 in<00:16:11.680> the<00:16:11.759> case<00:16:12.000> of<00:16:12.160> the<00:16:12.240> fire<00:16:12.560> plan<00:16:12.880> 2015<00:16:14.000> and<00:16:14.160> in 00:16:14.230 --> 00:16:14.240 align:start position:0% in the case of the fire plan 2015 and in 00:16:14.240 --> 00:16:17.030 align:start position:0% in the case of the fire plan 2015 and in the<00:16:14.320> case<00:16:14.560> of<00:16:14.639> the<00:16:14.720> op<00:16:15.199> plan<00:16:15.519> back<00:16:15.759> to<00:16:15.959> 2017 00:16:17.030 --> 00:16:17.040 align:start position:0% the case of the op plan back to 2017 00:16:17.040 --> 00:16:18.710 align:start position:0% the case of the op plan back to 2017 that<00:16:17.360> they<00:16:17.519> don't<00:16:17.680> go<00:16:17.920> back<00:16:18.160> further<00:16:18.560> because 00:16:18.710 --> 00:16:18.720 align:start position:0% that they don't go back further because 00:16:18.720 --> 00:16:20.389 align:start position:0% that they don't go back further because we<00:16:18.880> don't<00:16:19.040> have<00:16:19.199> the<00:16:19.440> information<00:16:20.000> relative 00:16:20.389 --> 00:16:20.399 align:start position:0% we don't have the information relative 00:16:20.399 --> 00:16:22.230 align:start position:0% we don't have the information relative to<00:16:20.560> that<00:16:20.720> but<00:16:20.959> it'll<00:16:21.199> build<00:16:21.519> out<00:16:21.759> as<00:16:21.920> you<00:16:22.000> move 00:16:22.230 --> 00:16:22.240 align:start position:0% to that but it'll build out as you move 00:16:22.240 --> 00:16:23.189 align:start position:0% to that but it'll build out as you move forward 00:16:23.189 --> 00:16:23.199 align:start position:0% forward 00:16:23.199 --> 00:16:25.430 align:start position:0% forward but<00:16:23.519> what<00:16:23.680> i<00:16:24.160> what<00:16:24.320> i<00:16:24.399> do<00:16:24.560> have<00:16:24.800> highlighted 00:16:25.430 --> 00:16:25.440 align:start position:0% but what i what i do have highlighted 00:16:25.440 --> 00:16:26.629 align:start position:0% but what i what i do have highlighted and<00:16:25.519> what<00:16:25.759> i 00:16:26.629 --> 00:16:26.639 align:start position:0% and what i 00:16:26.639 --> 00:16:27.990 align:start position:0% and what i always 00:16:27.990 --> 00:16:28.000 align:start position:0% always 00:16:28.000 --> 00:16:32.629 align:start position:0% always think<00:16:28.240> is<00:16:28.480> is<00:16:28.720> of<00:16:29.040> value<00:16:30.000> is<00:16:30.160> to<00:16:30.399> see<00:16:30.720> that<00:16:31.199> um 00:16:32.629 --> 00:16:32.639 align:start position:0% think is is of value is to see that um 00:16:32.639 --> 00:16:35.030 align:start position:0% think is is of value is to see that um that<00:16:32.880> that<00:16:33.199> funded<00:16:33.680> percentage 00:16:35.030 --> 00:16:35.040 align:start position:0% that that funded percentage 00:16:35.040 --> 00:16:37.189 align:start position:0% that that funded percentage that<00:16:35.440> you<00:16:35.680> have<00:16:36.079> in<00:16:36.160> the<00:16:36.320> plan<00:16:36.639> at<00:16:36.800> the<00:16:36.880> end<00:16:37.040> of 00:16:37.189 --> 00:16:37.199 align:start position:0% that you have in the plan at the end of 00:16:37.199 --> 00:16:39.110 align:start position:0% that you have in the plan at the end of each<00:16:37.360> fiscal<00:16:37.759> year<00:16:38.079> and<00:16:38.240> you<00:16:38.320> can<00:16:38.480> see<00:16:38.720> the<00:16:38.880> ebb 00:16:39.110 --> 00:16:39.120 align:start position:0% each fiscal year and you can see the ebb 00:16:39.120 --> 00:16:40.230 align:start position:0% each fiscal year and you can see the ebb and<00:16:39.360> flow 00:16:40.230 --> 00:16:40.240 align:start position:0% and flow 00:16:40.240 --> 00:16:42.870 align:start position:0% and flow of<00:16:40.480> that<00:16:40.720> plan<00:16:41.120> as<00:16:41.279> you<00:16:41.519> as<00:16:41.680> you<00:16:41.759> move<00:16:42.000> along 00:16:42.870 --> 00:16:42.880 align:start position:0% of that plan as you as you move along 00:16:42.880 --> 00:16:46.310 align:start position:0% of that plan as you as you move along now<00:16:43.120> in<00:16:43.440> in<00:16:43.600> the<00:16:43.759> cases<00:16:44.560> of<00:16:44.880> the<00:16:45.120> fire<00:16:45.519> plan<00:16:46.160> and 00:16:46.310 --> 00:16:46.320 align:start position:0% now in in the cases of the fire plan and 00:16:46.320 --> 00:16:48.389 align:start position:0% now in in the cases of the fire plan and the<00:16:46.480> pension<00:16:46.880> and<00:16:46.959> the<00:16:47.120> police<00:16:47.519> plan<00:16:48.240> the 00:16:48.389 --> 00:16:48.399 align:start position:0% the pension and the police plan the 00:16:48.399 --> 00:16:51.269 align:start position:0% the pension and the police plan the liabilities<00:16:49.360> actually<00:16:50.240> went<00:16:50.480> up<00:16:50.720> the<00:16:50.880> funding 00:16:51.269 --> 00:16:51.279 align:start position:0% liabilities actually went up the funding 00:16:51.279 --> 00:16:53.749 align:start position:0% liabilities actually went up the funding percentage<00:16:51.920> went<00:16:52.160> down<00:16:52.880> just<00:16:53.120> a<00:16:53.360> you<00:16:53.440> know<00:16:53.600> a 00:16:53.749 --> 00:16:53.759 align:start position:0% percentage went down just a you know a 00:16:53.759 --> 00:16:56.389 align:start position:0% percentage went down just a you know a tad<00:16:54.240> year<00:16:54.480> over<00:16:54.720> year<00:16:55.440> but<00:16:55.680> the<00:16:55.839> fact<00:16:56.160> of<00:16:56.240> the 00:16:56.389 --> 00:16:56.399 align:start position:0% tad year over year but the fact of the 00:16:56.399 --> 00:16:58.790 align:start position:0% tad year over year but the fact of the matter<00:16:56.800> is<00:16:57.360> the<00:16:57.519> contributions<00:16:58.320> you<00:16:58.480> made<00:16:58.639> to 00:16:58.790 --> 00:16:58.800 align:start position:0% matter is the contributions you made to 00:16:58.800 --> 00:17:00.949 align:start position:0% matter is the contributions you made to the<00:16:58.959> plans<00:16:59.360> were<00:16:59.600> actually<00:17:00.079> in<00:17:00.240> excess<00:17:00.720> of<00:17:00.800> the 00:17:00.949 --> 00:17:00.959 align:start position:0% the plans were actually in excess of the 00:17:00.959 --> 00:17:04.470 align:start position:0% the plans were actually in excess of the actuarial<00:17:02.000> uh<00:17:02.160> determined<00:17:02.839> contribution<00:17:04.000> um 00:17:04.470 --> 00:17:04.480 align:start position:0% actuarial uh determined contribution um 00:17:04.480 --> 00:17:07.110 align:start position:0% actuarial uh determined contribution um if<00:17:04.720> you<00:17:05.039> i<00:17:05.280> i'm<00:17:05.839> not<00:17:06.079> an<00:17:06.240> actuary<00:17:06.720> but<00:17:06.880> if<00:17:07.039> you 00:17:07.110 --> 00:17:07.120 align:start position:0% if you i i'm not an actuary but if you 00:17:07.120 --> 00:17:09.110 align:start position:0% if you i i'm not an actuary but if you believe<00:17:07.439> in<00:17:07.600> actuarial<00:17:08.240> science<00:17:08.720> and<00:17:08.959> and 00:17:09.110 --> 00:17:09.120 align:start position:0% believe in actuarial science and and 00:17:09.120 --> 00:17:10.789 align:start position:0% believe in actuarial science and and make<00:17:09.280> the<00:17:09.439> contributions<00:17:10.160> like<00:17:10.400> they're 00:17:10.789 --> 00:17:10.799 align:start position:0% make the contributions like they're 00:17:10.799 --> 00:17:13.270 align:start position:0% make the contributions like they're telling<00:17:11.120> you<00:17:11.600> you<00:17:11.839> you<00:17:12.000> need<00:17:12.240> to<00:17:12.319> make<00:17:12.880> you<00:17:13.120> are 00:17:13.270 --> 00:17:13.280 align:start position:0% telling you you you need to make you are 00:17:13.280 --> 00:17:15.270 align:start position:0% telling you you you need to make you are going<00:17:13.439> to<00:17:13.520> fund<00:17:13.760> the<00:17:13.919> plan<00:17:14.240> over<00:17:14.559> time 00:17:15.270 --> 00:17:15.280 align:start position:0% going to fund the plan over time 00:17:15.280 --> 00:17:18.470 align:start position:0% going to fund the plan over time appropriately<00:17:16.079> so<00:17:16.480> um<00:17:16.959> i<00:17:16.959> i<00:17:17.439> applaud<00:17:17.760> you<00:17:18.079> for 00:17:18.470 --> 00:17:18.480 align:start position:0% appropriately so um i i applaud you for 00:17:18.480 --> 00:17:21.270 align:start position:0% appropriately so um i i applaud you for for<00:17:18.880> being<00:17:19.199> aggressive<00:17:19.760> on<00:17:19.839> that<00:17:20.160> end 00:17:21.270 --> 00:17:21.280 align:start position:0% for being aggressive on that end 00:17:21.280 --> 00:17:23.909 align:start position:0% for being aggressive on that end finally<00:17:22.079> relative<00:17:22.480> to<00:17:22.640> the<00:17:22.959> the<00:17:23.120> opec<00:17:23.520> plan<00:17:23.839> as 00:17:23.909 --> 00:17:23.919 align:start position:0% finally relative to the the opec plan as 00:17:23.919 --> 00:17:26.470 align:start position:0% finally relative to the the opec plan as i<00:17:24.079> stated<00:17:24.720> and<00:17:24.959> and<00:17:25.120> you<00:17:25.199> can<00:17:25.439> see<00:17:25.679> that<00:17:26.240> that 00:17:26.470 --> 00:17:26.480 align:start position:0% i stated and and you can see that that 00:17:26.480 --> 00:17:29.590 align:start position:0% i stated and and you can see that that thing<00:17:26.799> is<00:17:27.360> 99.09 00:17:29.590 --> 00:17:29.600 align:start position:0% thing is 99.09 00:17:29.600 --> 00:17:32.150 align:start position:0% thing is 99.09 funded<00:17:30.080> so<00:17:30.640> effectively<00:17:31.280> it's<00:17:31.440> fully<00:17:31.760> funded 00:17:32.150 --> 00:17:32.160 align:start position:0% funded so effectively it's fully funded 00:17:32.160 --> 00:17:33.669 align:start position:0% funded so effectively it's fully funded at<00:17:32.240> this<00:17:32.400> point<00:17:32.640> in<00:17:32.799> time 00:17:33.669 --> 00:17:33.679 align:start position:0% at this point in time 00:17:33.679 --> 00:17:35.510 align:start position:0% at this point in time uh<00:17:34.000> the<00:17:34.160> contribution 00:17:35.510 --> 00:17:35.520 align:start position:0% uh the contribution 00:17:35.520 --> 00:17:38.070 align:start position:0% uh the contribution that<00:17:35.760> was<00:17:36.080> made<00:17:36.400> to<00:17:36.559> the<00:17:36.720> plan<00:17:37.120> was<00:17:37.520> far<00:17:37.840> in 00:17:38.070 --> 00:17:38.080 align:start position:0% that was made to the plan was far in 00:17:38.080 --> 00:17:40.470 align:start position:0% that was made to the plan was far in excess<00:17:38.480> of<00:17:38.559> the<00:17:38.720> actuarial<00:17:39.520> and<00:17:39.840> determined 00:17:40.470 --> 00:17:40.480 align:start position:0% excess of the actuarial and determined 00:17:40.480 --> 00:17:42.230 align:start position:0% excess of the actuarial and determined contribution<00:17:41.360> which 00:17:42.230 --> 00:17:42.240 align:start position:0% contribution which 00:17:42.240 --> 00:17:44.230 align:start position:0% contribution which you<00:17:42.480> were<00:17:42.640> well<00:17:42.880> aware<00:17:43.200> of<00:17:43.360> and<00:17:43.760> that's<00:17:44.000> really 00:17:44.230 --> 00:17:44.240 align:start position:0% you were well aware of and that's really 00:17:44.240 --> 00:17:47.750 align:start position:0% you were well aware of and that's really what<00:17:44.400> put<00:17:44.640> that<00:17:44.880> in<00:17:45.360> into<00:17:45.600> a<00:17:45.679> funded<00:17:46.080> position 00:17:47.750 --> 00:17:47.760 align:start position:0% what put that in into a funded position 00:17:47.760 --> 00:17:49.750 align:start position:0% what put that in into a funded position the<00:17:47.919> fir<00:17:48.240> the<00:17:48.480> police<00:17:48.799> and<00:17:48.960> fire<00:17:49.360> if<00:17:49.440> you<00:17:49.600> add 00:17:49.750 --> 00:17:49.760 align:start position:0% the fir the police and fire if you add 00:17:49.760 --> 00:17:51.510 align:start position:0% the fir the police and fire if you add up<00:17:49.919> those<00:17:50.160> liabilities<00:17:50.880> they<00:17:51.120> don't<00:17:51.360> they 00:17:51.510 --> 00:17:51.520 align:start position:0% up those liabilities they don't they 00:17:51.520 --> 00:17:53.270 align:start position:0% up those liabilities they don't they won't<00:17:51.760> tie<00:17:52.000> out<00:17:52.160> to<00:17:52.320> that<00:17:52.640> total<00:17:52.960> pension 00:17:53.270 --> 00:17:53.280 align:start position:0% won't tie out to that total pension 00:17:53.280 --> 00:17:55.029 align:start position:0% won't tie out to that total pension liability<00:17:54.080> on<00:17:54.240> the 00:17:55.029 --> 00:17:55.039 align:start position:0% liability on the 00:17:55.039 --> 00:17:58.390 align:start position:0% liability on the the<00:17:55.200> grid<00:17:55.520> that<00:17:55.679> i<00:17:55.840> had<00:17:56.480> a<00:17:56.640> few<00:17:56.880> slides<00:17:57.440> forward 00:17:58.390 --> 00:17:58.400 align:start position:0% the grid that i had a few slides forward 00:17:58.400 --> 00:18:00.789 align:start position:0% the grid that i had a few slides forward that's<00:17:58.720> because<00:17:59.120> there's<00:17:59.840> in<00:17:59.919> that<00:18:00.160> liability 00:18:00.789 --> 00:18:00.799 align:start position:0% that's because there's in that liability 00:18:00.799 --> 00:18:02.870 align:start position:0% that's because there's in that liability there's<00:18:01.039> also<00:18:01.600> a<00:18:01.840> couple<00:18:02.080> of<00:18:02.240> state<00:18:02.480> plans 00:18:02.870 --> 00:18:02.880 align:start position:0% there's also a couple of state plans 00:18:02.880 --> 00:18:04.549 align:start position:0% there's also a couple of state plans that<00:18:02.960> you<00:18:03.120> participate<00:18:03.840> in 00:18:04.549 --> 00:18:04.559 align:start position:0% that you participate in 00:18:04.559 --> 00:18:06.150 align:start position:0% that you participate in you<00:18:04.720> don't<00:18:04.880> really<00:18:05.120> control<00:18:05.600> those<00:18:05.840> so<00:18:06.080> i 00:18:06.150 --> 00:18:06.160 align:start position:0% you don't really control those so i 00:18:06.160 --> 00:18:07.029 align:start position:0% you don't really control those so i don't<00:18:06.320> know 00:18:07.029 --> 00:18:07.039 align:start position:0% don't know 00:18:07.039 --> 00:18:09.110 align:start position:0% don't know what<00:18:07.200> the<00:18:07.440> value<00:18:08.000> is<00:18:08.160> to<00:18:08.480> present<00:18:08.880> that 00:18:09.110 --> 00:18:09.120 align:start position:0% what the value is to present that 00:18:09.120 --> 00:18:10.549 align:start position:0% what the value is to present that information<00:18:09.679> to<00:18:09.840> you 00:18:10.549 --> 00:18:10.559 align:start position:0% information to you 00:18:10.559 --> 00:18:13.270 align:start position:0% information to you you<00:18:11.200> you<00:18:11.760> can't<00:18:12.000> contribute<00:18:12.640> more<00:18:12.880> you<00:18:13.039> can 00:18:13.270 --> 00:18:13.280 align:start position:0% you you can't contribute more you can 00:18:13.280 --> 00:18:14.710 align:start position:0% you you can't contribute more you can you<00:18:13.360> know<00:18:13.520> you're<00:18:13.760> you're<00:18:14.000> basically<00:18:14.400> making 00:18:14.710 --> 00:18:14.720 align:start position:0% you know you're you're basically making 00:18:14.720 --> 00:18:16.150 align:start position:0% you know you're you're basically making contributions<00:18:15.360> based<00:18:15.600> on<00:18:15.679> what<00:18:15.840> the<00:18:15.919> state<00:18:16.080> of 00:18:16.150 --> 00:18:16.160 align:start position:0% contributions based on what the state of 00:18:16.160 --> 00:18:18.789 align:start position:0% contributions based on what the state of connecticut<00:18:16.640> tells<00:18:16.880> you<00:18:17.280> to<00:18:17.440> contribute<00:18:18.000> so 00:18:18.789 --> 00:18:18.799 align:start position:0% connecticut tells you to contribute so 00:18:18.799 --> 00:18:21.350 align:start position:0% connecticut tells you to contribute so but<00:18:19.280> there<00:18:19.600> are<00:18:19.760> other<00:18:20.080> liabilities 00:18:21.350 --> 00:18:21.360 align:start position:0% but there are other liabilities 00:18:21.360 --> 00:18:23.830 align:start position:0% but there are other liabilities uh<00:18:21.919> relative<00:18:22.320> to<00:18:22.480> the<00:18:22.640> mers<00:18:23.120> and<00:18:23.280> the<00:18:23.440> teachers 00:18:23.830 --> 00:18:23.840 align:start position:0% uh relative to the mers and the teachers 00:18:23.840 --> 00:18:25.990 align:start position:0% uh relative to the mers and the teachers plan<00:18:24.080> that<00:18:24.240> are<00:18:24.400> in<00:18:24.480> there 00:18:25.990 --> 00:18:26.000 align:start position:0% plan that are in there 00:18:26.000 --> 00:18:28.789 align:start position:0% plan that are in there so<00:18:26.240> finally<00:18:26.720> to<00:18:27.200> to<00:18:27.440> end<00:18:27.600> my<00:18:28.000> uh 00:18:28.789 --> 00:18:28.799 align:start position:0% so finally to to end my uh 00:18:28.799 --> 00:18:30.789 align:start position:0% so finally to to end my uh my<00:18:29.120> time<00:18:29.440> here<00:18:29.600> with<00:18:29.840> you 00:18:30.789 --> 00:18:30.799 align:start position:0% my time here with you 00:18:30.799 --> 00:18:32.950 align:start position:0% my time here with you just<00:18:31.039> real<00:18:31.280> quick<00:18:31.520> we'll<00:18:31.679> go<00:18:31.919> through<00:18:32.160> the<00:18:32.640> uh 00:18:32.950 --> 00:18:32.960 align:start position:0% just real quick we'll go through the uh 00:18:32.960 --> 00:18:35.029 align:start position:0% just real quick we'll go through the uh required<00:18:33.520> communications 00:18:35.029 --> 00:18:35.039 align:start position:0% required communications 00:18:35.039 --> 00:18:38.710 align:start position:0% required communications um<00:18:35.760> and<00:18:36.080> again<00:18:36.480> these<00:18:36.799> are<00:18:37.360> um<00:18:38.000> promulgated<00:18:38.559> by 00:18:38.710 --> 00:18:38.720 align:start position:0% um and again these are um promulgated by 00:18:38.720 --> 00:18:40.789 align:start position:0% um and again these are um promulgated by the<00:18:38.880> aicpa<00:18:39.840> these<00:18:40.080> are 00:18:40.789 --> 00:18:40.799 align:start position:0% the aicpa these are 00:18:40.799 --> 00:18:44.070 align:start position:0% the aicpa these are topically<00:18:41.440> all<00:18:41.600> the<00:18:41.760> bullets<00:18:42.240> if<00:18:42.320> you<00:18:42.480> will 00:18:44.070 --> 00:18:44.080 align:start position:0% topically all the bullets if you will 00:18:44.080 --> 00:18:47.029 align:start position:0% topically all the bullets if you will are<00:18:44.240> not<00:18:44.559> things<00:18:44.960> that<00:18:45.280> i<00:18:45.520> make<00:18:45.840> up<00:18:46.080> or<00:18:46.400> or<00:18:46.799> my 00:18:47.029 --> 00:18:47.039 align:start position:0% are not things that i make up or or my 00:18:47.039 --> 00:18:49.990 align:start position:0% are not things that i make up or or my firm<00:18:47.360> makes<00:18:47.760> up<00:18:48.000> in<00:18:48.160> order<00:18:48.480> to<00:18:48.640> talk<00:18:48.880> to<00:18:48.960> you<00:18:49.600> or 00:18:49.990 --> 00:18:50.000 align:start position:0% firm makes up in order to talk to you or 00:18:50.000 --> 00:18:51.909 align:start position:0% firm makes up in order to talk to you or communicate<00:18:50.559> to<00:18:50.720> you<00:18:50.880> relevant<00:18:51.440> to<00:18:51.679> things 00:18:51.909 --> 00:18:51.919 align:start position:0% communicate to you relevant to things 00:18:51.919 --> 00:18:53.510 align:start position:0% communicate to you relevant to things that<00:18:52.000> we<00:18:52.240> think<00:18:52.480> are<00:18:52.640> important<00:18:53.200> these<00:18:53.360> are 00:18:53.510 --> 00:18:53.520 align:start position:0% that we think are important these are 00:18:53.520 --> 00:18:55.750 align:start position:0% that we think are important these are standardized<00:18:54.320> communications 00:18:55.750 --> 00:18:55.760 align:start position:0% standardized communications 00:18:55.760 --> 00:18:56.390 align:start position:0% standardized communications the 00:18:56.390 --> 00:18:56.400 align:start position:0% the 00:18:56.400 --> 00:18:57.750 align:start position:0% the uh<00:18:57.039> the 00:18:57.750 --> 00:18:57.760 align:start position:0% uh the 00:18:57.760 --> 00:19:00.230 align:start position:0% uh the the<00:18:58.000> purpose<00:18:58.400> of<00:18:58.559> them<00:18:59.280> uh 00:19:00.230 --> 00:19:00.240 align:start position:0% the purpose of them uh 00:19:00.240 --> 00:19:03.990 align:start position:0% the purpose of them uh per<00:19:00.400> the<00:19:00.559> aicpa<00:19:01.679> and<00:19:02.000> i<00:19:02.160> do<00:19:02.320> believe<00:19:02.720> this 00:19:03.990 --> 00:19:04.000 align:start position:0% per the aicpa and i do believe this 00:19:04.000 --> 00:19:06.710 align:start position:0% per the aicpa and i do believe this in<00:19:04.160> essence<00:19:04.559> what<00:19:04.720> they<00:19:04.960> are<00:19:05.120> designed<00:19:05.679> to<00:19:05.840> do 00:19:06.710 --> 00:19:06.720 align:start position:0% in essence what they are designed to do 00:19:06.720 --> 00:19:09.510 align:start position:0% in essence what they are designed to do is<00:19:06.880> to<00:19:07.120> vet<00:19:07.440> out<00:19:07.760> any<00:19:08.080> instances 00:19:09.510 --> 00:19:09.520 align:start position:0% is to vet out any instances 00:19:09.520 --> 00:19:10.390 align:start position:0% is to vet out any instances that 00:19:10.390 --> 00:19:10.400 align:start position:0% that 00:19:10.400 --> 00:19:11.350 align:start position:0% that may 00:19:11.350 --> 00:19:11.360 align:start position:0% may 00:19:11.360 --> 00:19:12.390 align:start position:0% may you<00:19:11.440> know<00:19:11.679> may 00:19:12.390 --> 00:19:12.400 align:start position:0% you know may 00:19:12.400 --> 00:19:15.430 align:start position:0% you know may may<00:19:12.720> show<00:19:13.120> or<00:19:13.360> present<00:19:14.240> bias<00:19:14.720> on<00:19:14.880> behalf<00:19:15.280> of 00:19:15.430 --> 00:19:15.440 align:start position:0% may show or present bias on behalf of 00:19:15.440 --> 00:19:17.190 align:start position:0% may show or present bias on behalf of management<00:19:16.000> relevant<00:19:16.480> to<00:19:16.640> the<00:19:16.720> financial 00:19:17.190 --> 00:19:17.200 align:start position:0% management relevant to the financial 00:19:17.200 --> 00:19:19.750 align:start position:0% management relevant to the financial statements<00:19:17.679> meaning<00:19:18.480> uh<00:19:18.799> is<00:19:19.039> management 00:19:19.750 --> 00:19:19.760 align:start position:0% statements meaning uh is management 00:19:19.760 --> 00:19:21.590 align:start position:0% statements meaning uh is management trying<00:19:20.080> to<00:19:20.240> make<00:19:20.480> the<00:19:20.640> financial<00:19:21.039> statements 00:19:21.590 --> 00:19:21.600 align:start position:0% trying to make the financial statements 00:19:21.600 --> 00:19:24.230 align:start position:0% trying to make the financial statements look<00:19:21.919> better<00:19:22.400> or<00:19:22.960> conceivably<00:19:23.600> look<00:19:23.919> worse 00:19:24.230 --> 00:19:24.240 align:start position:0% look better or conceivably look worse 00:19:24.240 --> 00:19:25.830 align:start position:0% look better or conceivably look worse than<00:19:24.400> they<00:19:24.640> are 00:19:25.830 --> 00:19:25.840 align:start position:0% than they are 00:19:25.840 --> 00:19:27.190 align:start position:0% than they are at<00:19:26.240> you<00:19:26.400> know 00:19:27.190 --> 00:19:27.200 align:start position:0% at you know 00:19:27.200 --> 00:19:28.950 align:start position:0% at you know as<00:19:27.440> of<00:19:27.600> the<00:19:27.840> the<00:19:28.080> reporting<00:19:28.559> date<00:19:28.720> of<00:19:28.799> the 00:19:28.950 --> 00:19:28.960 align:start position:0% as of the the reporting date of the 00:19:28.960 --> 00:19:30.150 align:start position:0% as of the the reporting date of the financials 00:19:30.150 --> 00:19:30.160 align:start position:0% financials 00:19:30.160 --> 00:19:32.070 align:start position:0% financials so<00:19:30.480> from<00:19:30.640> the<00:19:30.720> perspective<00:19:31.280> of<00:19:31.360> qualitative 00:19:32.070 --> 00:19:32.080 align:start position:0% so from the perspective of qualitative 00:19:32.080 --> 00:19:33.750 align:start position:0% so from the perspective of qualitative aspects<00:19:32.720> of 00:19:33.750 --> 00:19:33.760 align:start position:0% aspects of 00:19:33.760 --> 00:19:35.510 align:start position:0% aspects of of<00:19:33.919> accounting<00:19:34.320> practices<00:19:34.880> this<00:19:35.039> really 00:19:35.510 --> 00:19:35.520 align:start position:0% of accounting practices this really 00:19:35.520 --> 00:19:37.430 align:start position:0% of accounting practices this really represents<00:19:36.080> the<00:19:36.320> estimates<00:19:36.799> that<00:19:36.960> are<00:19:37.280> that 00:19:37.430 --> 00:19:37.440 align:start position:0% represents the estimates that are that 00:19:37.440 --> 00:19:39.669 align:start position:0% represents the estimates that are that are<00:19:37.600> embedded<00:19:38.080> in<00:19:38.160> financial<00:19:38.640> statements 00:19:39.669 --> 00:19:39.679 align:start position:0% are embedded in financial statements 00:19:39.679 --> 00:19:40.870 align:start position:0% are embedded in financial statements so 00:19:40.870 --> 00:19:40.880 align:start position:0% so 00:19:40.880 --> 00:19:43.110 align:start position:0% so the<00:19:41.120> life<00:19:41.360> of<00:19:41.520> your<00:19:41.760> assets<00:19:42.320> so<00:19:42.559> that<00:19:42.880> that 00:19:43.110 --> 00:19:43.120 align:start position:0% the life of your assets so that that 00:19:43.120 --> 00:19:45.270 align:start position:0% the life of your assets so that that affects<00:19:43.440> depreciation<00:19:44.320> levels 00:19:45.270 --> 00:19:45.280 align:start position:0% affects depreciation levels 00:19:45.280 --> 00:19:48.549 align:start position:0% affects depreciation levels uh<00:19:45.600> your<00:19:46.000> net<00:19:46.480> op<00:19:46.960> liability<00:19:47.760> is<00:19:47.919> an<00:19:48.080> estimate 00:19:48.549 --> 00:19:48.559 align:start position:0% uh your net op liability is an estimate 00:19:48.559 --> 00:19:50.390 align:start position:0% uh your net op liability is an estimate the<00:19:48.720> pension<00:19:49.039> liability<00:19:49.600> is<00:19:49.760> an<00:19:49.840> estimate<00:19:50.240> so 00:19:50.390 --> 00:19:50.400 align:start position:0% the pension liability is an estimate so 00:19:50.400 --> 00:19:52.150 align:start position:0% the pension liability is an estimate so those<00:19:50.559> are<00:19:50.720> all<00:19:50.880> significant<00:19:51.440> estimates<00:19:51.919> that 00:19:52.150 --> 00:19:52.160 align:start position:0% those are all significant estimates that 00:19:52.160 --> 00:19:54.230 align:start position:0% those are all significant estimates that are<00:19:52.559> in<00:19:52.640> the<00:19:52.799> financial<00:19:53.280> statements<00:19:54.000> we 00:19:54.230 --> 00:19:54.240 align:start position:0% are in the financial statements we 00:19:54.240 --> 00:19:56.789 align:start position:0% are in the financial statements we evaluate<00:19:54.880> those<00:19:55.200> year<00:19:55.440> over<00:19:55.679> year<00:19:56.080> and<00:19:56.640> you 00:19:56.789 --> 00:19:56.799 align:start position:0% evaluate those year over year and you 00:19:56.799 --> 00:19:58.310 align:start position:0% evaluate those year over year and you know<00:19:56.960> from<00:19:57.200> a<00:19:57.360> from<00:19:57.600> a<00:19:57.679> conclusive 00:19:58.310 --> 00:19:58.320 align:start position:0% know from a from a conclusive 00:19:58.320 --> 00:19:59.909 align:start position:0% know from a from a conclusive perspective<00:19:58.880> the<00:19:59.039> financial<00:19:59.440> statements<00:19:59.840> in 00:19:59.909 --> 00:19:59.919 align:start position:0% perspective the financial statements in 00:19:59.919 --> 00:20:01.029 align:start position:0% perspective the financial statements in our<00:20:00.080> opinion 00:20:01.029 --> 00:20:01.039 align:start position:0% our opinion 00:20:01.039 --> 00:20:02.630 align:start position:0% our opinion financial<00:20:01.520> statement<00:20:01.760> disclosure<00:20:02.320> is<00:20:02.400> found 00:20:02.630 --> 00:20:02.640 align:start position:0% financial statement disclosure is found 00:20:02.640 --> 00:20:05.590 align:start position:0% financial statement disclosure is found to<00:20:02.720> be<00:20:02.880> neutral<00:20:03.280> and<00:20:03.360> consistent<00:20:03.919> and<00:20:04.080> clear 00:20:05.590 --> 00:20:05.600 align:start position:0% to be neutral and consistent and clear 00:20:05.600 --> 00:20:07.590 align:start position:0% to be neutral and consistent and clear difficulties<00:20:06.480> encountered<00:20:07.039> in<00:20:07.120> performing 00:20:07.590 --> 00:20:07.600 align:start position:0% difficulties encountered in performing 00:20:07.600 --> 00:20:08.950 align:start position:0% difficulties encountered in performing the<00:20:07.760> audit 00:20:08.950 --> 00:20:08.960 align:start position:0% the audit 00:20:08.960 --> 00:20:11.029 align:start position:0% the audit there<00:20:09.120> were<00:20:09.280> no<00:20:09.919> you<00:20:10.080> know<00:20:10.240> difficulties<00:20:10.880> from 00:20:11.029 --> 00:20:11.039 align:start position:0% there were no you know difficulties from 00:20:11.039 --> 00:20:13.029 align:start position:0% there were no you know difficulties from the<00:20:11.200> personality<00:20:11.919> perspective<00:20:12.480> but<00:20:12.640> we<00:20:12.799> did 00:20:13.029 --> 00:20:13.039 align:start position:0% the personality perspective but we did 00:20:13.039 --> 00:20:16.470 align:start position:0% the personality perspective but we did experience<00:20:13.600> delays<00:20:14.559> clearly 00:20:16.470 --> 00:20:16.480 align:start position:0% experience delays clearly 00:20:16.480 --> 00:20:18.470 align:start position:0% experience delays clearly we<00:20:16.640> did<00:20:16.880> experience<00:20:17.360> delays<00:20:17.760> in<00:20:17.919> completing 00:20:18.470 --> 00:20:18.480 align:start position:0% we did experience delays in completing 00:20:18.480 --> 00:20:20.149 align:start position:0% we did experience delays in completing our<00:20:18.640> attitude<00:20:19.039> to<00:20:19.120> delays<00:20:19.520> in<00:20:19.600> the<00:20:19.760> financial 00:20:20.149 --> 00:20:20.159 align:start position:0% our attitude to delays in the financial 00:20:20.159 --> 00:20:21.590 align:start position:0% our attitude to delays in the financial close<00:20:20.559> process 00:20:21.590 --> 00:20:21.600 align:start position:0% close process 00:20:21.600 --> 00:20:24.470 align:start position:0% close process uh<00:20:21.919> and<00:20:22.080> that<00:20:22.400> that<00:20:22.720> is<00:20:23.120> is<00:20:23.440> is<00:20:23.679> related<00:20:24.159> to<00:20:24.320> the 00:20:24.470 --> 00:20:24.480 align:start position:0% uh and that that is is is related to the 00:20:24.480 --> 00:20:25.750 align:start position:0% uh and that that is is is related to the finding<00:20:24.880> that<00:20:25.039> we'll<00:20:25.200> talk<00:20:25.360> about<00:20:25.520> when<00:20:25.679> we 00:20:25.750 --> 00:20:25.760 align:start position:0% finding that we'll talk about when we 00:20:25.760 --> 00:20:27.270 align:start position:0% finding that we'll talk about when we get<00:20:25.919> to<00:20:26.080> that 00:20:27.270 --> 00:20:27.280 align:start position:0% get to that 00:20:27.280 --> 00:20:28.390 align:start position:0% get to that point 00:20:28.390 --> 00:20:28.400 align:start position:0% point 00:20:28.400 --> 00:20:30.710 align:start position:0% point uncorrected<00:20:29.039> misstatements<00:20:29.679> so<00:20:29.840> these<00:20:30.080> are 00:20:30.710 --> 00:20:30.720 align:start position:0% uncorrected misstatements so these are 00:20:30.720 --> 00:20:32.310 align:start position:0% uncorrected misstatements so these are what<00:20:30.880> we<00:20:31.120> call 00:20:32.310 --> 00:20:32.320 align:start position:0% what we call 00:20:32.320 --> 00:20:34.470 align:start position:0% what we call past<00:20:32.799> audit<00:20:33.200> adjustments<00:20:33.679> so<00:20:33.919> they're 00:20:34.470 --> 00:20:34.480 align:start position:0% past audit adjustments so they're 00:20:34.480 --> 00:20:36.710 align:start position:0% past audit adjustments so they're they're<00:20:34.880> minor<00:20:35.280> or<00:20:35.440> de<00:20:35.600> minimis<00:20:36.080> in<00:20:36.159> nature 00:20:36.710 --> 00:20:36.720 align:start position:0% they're minor or de minimis in nature 00:20:36.720 --> 00:20:38.870 align:start position:0% they're minor or de minimis in nature they're<00:20:36.960> below<00:20:37.360> materiality 00:20:38.870 --> 00:20:38.880 align:start position:0% they're below materiality 00:20:38.880 --> 00:20:41.909 align:start position:0% they're below materiality um<00:20:39.600> and<00:20:40.080> sometimes<00:20:41.120> you<00:20:41.280> know<00:20:41.360> we'll<00:20:41.520> talk<00:20:41.760> to 00:20:41.909 --> 00:20:41.919 align:start position:0% um and sometimes you know we'll talk to 00:20:41.919 --> 00:20:43.430 align:start position:0% um and sometimes you know we'll talk to management<00:20:42.320> relevant<00:20:42.799> to<00:20:42.960> something<00:20:43.200> we 00:20:43.430 --> 00:20:43.440 align:start position:0% management relevant to something we 00:20:43.440 --> 00:20:46.310 align:start position:0% management relevant to something we found<00:20:44.320> and<00:20:44.720> we<00:20:44.880> may<00:20:45.120> pass<00:20:45.520> on<00:20:45.679> posting<00:20:46.080> that 00:20:46.310 --> 00:20:46.320 align:start position:0% found and we may pass on posting that 00:20:46.320 --> 00:20:47.990 align:start position:0% found and we may pass on posting that adjustment<00:20:46.799> and<00:20:46.960> management<00:20:47.440> they<00:20:47.600> pass<00:20:47.919> up 00:20:47.990 --> 00:20:48.000 align:start position:0% adjustment and management they pass up 00:20:48.000 --> 00:20:49.590 align:start position:0% adjustment and management they pass up posting<00:20:48.400> that<00:20:48.559> adjustment 00:20:49.590 --> 00:20:49.600 align:start position:0% posting that adjustment 00:20:49.600 --> 00:20:52.070 align:start position:0% posting that adjustment that<00:20:49.840> that<00:20:50.080> adjustment<00:20:50.559> that<00:20:50.720> was<00:20:50.960> the<00:20:51.120> case 00:20:52.070 --> 00:20:52.080 align:start position:0% that that adjustment that was the case 00:20:52.080 --> 00:20:54.470 align:start position:0% that that adjustment that was the case um<00:20:52.720> here<00:20:53.039> there<00:20:53.200> was<00:20:53.440> one<00:20:53.760> pass<00:20:54.000> adjustment 00:20:54.470 --> 00:20:54.480 align:start position:0% um here there was one pass adjustment 00:20:54.480 --> 00:20:56.390 align:start position:0% um here there was one pass adjustment related<00:20:54.799> to<00:20:54.960> board<00:20:55.440> board<00:20:55.679> of<00:20:55.840> ed<00:20:56.000> impressed 00:20:56.390 --> 00:20:56.400 align:start position:0% related to board board of ed impressed 00:20:56.400 --> 00:20:58.549 align:start position:0% related to board board of ed impressed account<00:20:57.200> that<00:20:57.440> is<00:20:57.600> carrying<00:20:58.000> a<00:20:58.159> year-end 00:20:58.549 --> 00:20:58.559 align:start position:0% account that is carrying a year-end 00:20:58.559 --> 00:21:04.470 align:start position:0% account that is carrying a year-end balance<00:20:59.120> of<00:20:59.280> 255<00:21:00.320> 000.<00:21:01.200> um 00:21:04.470 --> 00:21:04.480 align:start position:0% 00:21:04.480 --> 00:21:05.669 align:start position:0% i<00:21:04.559> don't<00:21:04.720> know<00:21:04.880> who's 00:21:05.669 --> 00:21:05.679 align:start position:0% i don't know who's 00:21:05.679 --> 00:21:07.190 align:start position:0% i don't know who's familiar<00:21:06.080> with<00:21:06.159> an<00:21:06.320> impressed<00:21:06.720> account<00:21:07.039> or 00:21:07.190 --> 00:21:07.200 align:start position:0% familiar with an impressed account or 00:21:07.200 --> 00:21:09.110 align:start position:0% familiar with an impressed account or not<00:21:07.440> but<00:21:07.679> typically<00:21:08.000> they're<00:21:08.320> zero<00:21:08.640> they're 00:21:09.110 --> 00:21:09.120 align:start position:0% not but typically they're zero they're 00:21:09.120 --> 00:21:12.950 align:start position:0% not but typically they're zero they're basically<00:21:10.080> uh<00:21:10.559> the<00:21:11.200> the<00:21:11.440> bank<00:21:11.760> balance<00:21:12.720> is 00:21:12.950 --> 00:21:12.960 align:start position:0% basically uh the the bank balance is 00:21:12.960 --> 00:21:14.630 align:start position:0% basically uh the the bank balance is equal<00:21:13.280> to<00:21:13.520> the<00:21:13.600> amount<00:21:13.840> of<00:21:14.000> outstanding 00:21:14.630 --> 00:21:14.640 align:start position:0% equal to the amount of outstanding 00:21:14.640 --> 00:21:17.110 align:start position:0% equal to the amount of outstanding checks<00:21:15.440> against<00:21:15.840> that<00:21:16.000> bank<00:21:16.320> balance<00:21:16.799> and<00:21:16.880> so 00:21:17.110 --> 00:21:17.120 align:start position:0% checks against that bank balance and so 00:21:17.120 --> 00:21:19.270 align:start position:0% checks against that bank balance and so the<00:21:17.440> reconcile<00:21:18.080> balance<00:21:18.400> is<00:21:18.559> zero<00:21:18.880> that's<00:21:19.120> not 00:21:19.270 --> 00:21:19.280 align:start position:0% the reconcile balance is zero that's not 00:21:19.280 --> 00:21:22.470 align:start position:0% the reconcile balance is zero that's not the<00:21:19.520> case<00:21:19.760> here<00:21:20.480> board<00:21:20.720> of<00:21:20.880> ed<00:21:21.120> is<00:21:21.520> uh<00:21:22.000> from<00:21:22.240> our 00:21:22.470 --> 00:21:22.480 align:start position:0% the case here board of ed is uh from our 00:21:22.480 --> 00:21:24.630 align:start position:0% the case here board of ed is uh from our understandings<00:21:23.200> continued<00:21:23.679> to<00:21:24.000> continuing 00:21:24.630 --> 00:21:24.640 align:start position:0% understandings continued to continuing 00:21:24.640 --> 00:21:26.870 align:start position:0% understandings continued to continuing to<00:21:24.799> vet<00:21:25.039> that<00:21:25.280> out<00:21:25.520> and<00:21:26.000> figure<00:21:26.320> out<00:21:26.559> what 00:21:26.870 --> 00:21:26.880 align:start position:0% to vet that out and figure out what 00:21:26.880 --> 00:21:29.029 align:start position:0% to vet that out and figure out what generated<00:21:27.360> that<00:21:27.600> balance<00:21:28.000> so<00:21:28.240> i<00:21:28.480> would<00:21:28.720> assume 00:21:29.029 --> 00:21:29.039 align:start position:0% generated that balance so i would assume 00:21:29.039 --> 00:21:30.630 align:start position:0% generated that balance so i would assume it's<00:21:29.120> going<00:21:29.280> to<00:21:29.280> be<00:21:29.440> resolved 00:21:30.630 --> 00:21:30.640 align:start position:0% it's going to be resolved 00:21:30.640 --> 00:21:33.350 align:start position:0% it's going to be resolved within<00:21:30.960> the<00:21:31.120> next<00:21:31.360> fiscal<00:21:31.760> audit 00:21:33.350 --> 00:21:33.360 align:start position:0% within the next fiscal audit 00:21:33.360 --> 00:21:34.870 align:start position:0% within the next fiscal audit corrected<00:21:33.840> misstatements<00:21:34.559> so<00:21:34.720> we're 00:21:34.870 --> 00:21:34.880 align:start position:0% corrected misstatements so we're 00:21:34.880 --> 00:21:36.789 align:start position:0% corrected misstatements so we're required<00:21:35.280> to<00:21:35.440> report<00:21:35.760> to<00:21:35.919> you<00:21:36.240> any<00:21:36.559> any 00:21:36.789 --> 00:21:36.799 align:start position:0% required to report to you any any 00:21:36.799 --> 00:21:38.549 align:start position:0% required to report to you any any material<00:21:37.360> corrected<00:21:37.760> misstatements<00:21:38.320> there 00:21:38.549 --> 00:21:38.559 align:start position:0% material corrected misstatements there 00:21:38.559 --> 00:21:39.830 align:start position:0% material corrected misstatements there were<00:21:38.880> none 00:21:39.830 --> 00:21:39.840 align:start position:0% were none 00:21:39.840 --> 00:21:41.750 align:start position:0% were none so<00:21:40.000> there's<00:21:40.159> nothing<00:21:40.480> to<00:21:40.720> report 00:21:41.750 --> 00:21:41.760 align:start position:0% so there's nothing to report 00:21:41.760 --> 00:21:43.669 align:start position:0% so there's nothing to report disagreements<00:21:42.480> with<00:21:42.720> management<00:21:43.520> no 00:21:43.669 --> 00:21:43.679 align:start position:0% disagreements with management no 00:21:43.679 --> 00:21:46.870 align:start position:0% disagreements with management no disagreements<00:21:44.400> arose<00:21:45.120> during<00:21:45.440> our<00:21:45.679> audit 00:21:46.870 --> 00:21:46.880 align:start position:0% disagreements arose during our audit 00:21:46.880 --> 00:21:48.870 align:start position:0% disagreements arose during our audit management<00:21:47.440> representations<00:21:48.400> this<00:21:48.559> is<00:21:48.640> just 00:21:48.870 --> 00:21:48.880 align:start position:0% management representations this is just 00:21:48.880 --> 00:21:51.029 align:start position:0% management representations this is just to<00:21:48.960> tell<00:21:49.120> you<00:21:49.280> that<00:21:49.440> we<00:21:49.760> do 00:21:51.029 --> 00:21:51.039 align:start position:0% to tell you that we do 00:21:51.039 --> 00:21:52.870 align:start position:0% to tell you that we do request<00:21:51.440> a<00:21:51.600> management<00:21:52.080> representation 00:21:52.870 --> 00:21:52.880 align:start position:0% request a management representation 00:21:52.880 --> 00:21:54.710 align:start position:0% request a management representation letter<00:21:53.200> from<00:21:53.440> management<00:21:53.919> that<00:21:54.080> was<00:21:54.240> dated<00:21:54.559> on 00:21:54.710 --> 00:21:54.720 align:start position:0% letter from management that was dated on 00:21:54.720 --> 00:21:56.870 align:start position:0% letter from management that was dated on august<00:21:55.039> 4th<00:21:55.440> 2021 00:21:56.870 --> 00:21:56.880 align:start position:0% august 4th 2021 00:21:56.880 --> 00:21:58.950 align:start position:0% august 4th 2021 basically<00:21:57.520> it's<00:21:57.760> about<00:21:58.080> a<00:21:58.320> nine<00:21:58.640> page 00:21:58.950 --> 00:21:58.960 align:start position:0% basically it's about a nine page 00:21:58.960 --> 00:22:01.750 align:start position:0% basically it's about a nine page document<00:21:59.919> that 00:22:01.750 --> 00:22:01.760 align:start position:0% document that 00:22:01.760 --> 00:22:04.070 align:start position:0% document that expresses<00:22:02.400> the<00:22:02.799> the<00:22:03.039> fact<00:22:03.360> that<00:22:03.600> management 00:22:04.070 --> 00:22:04.080 align:start position:0% expresses the the fact that management 00:22:04.080 --> 00:22:05.590 align:start position:0% expresses the the fact that management owns<00:22:04.320> the<00:22:04.480> financial<00:22:04.880> statements<00:22:05.280> and<00:22:05.360> takes 00:22:05.590 --> 00:22:05.600 align:start position:0% owns the financial statements and takes 00:22:05.600 --> 00:22:07.029 align:start position:0% owns the financial statements and takes responsibility<00:22:06.400> for<00:22:06.559> the<00:22:06.640> financial 00:22:07.029 --> 00:22:07.039 align:start position:0% responsibility for the financial 00:22:07.039 --> 00:22:08.549 align:start position:0% responsibility for the financial statements 00:22:08.549 --> 00:22:08.559 align:start position:0% statements 00:22:08.559 --> 00:22:10.710 align:start position:0% statements management's<00:22:09.280> consultations<00:22:10.159> with<00:22:10.400> other 00:22:10.710 --> 00:22:10.720 align:start position:0% management's consultations with other 00:22:10.720 --> 00:22:12.630 align:start position:0% management's consultations with other independent<00:22:11.280> accountants<00:22:11.840> to<00:22:12.000> our<00:22:12.240> knowledge 00:22:12.630 --> 00:22:12.640 align:start position:0% independent accountants to our knowledge 00:22:12.640 --> 00:22:13.750 align:start position:0% independent accountants to our knowledge no<00:22:12.880> such 00:22:13.750 --> 00:22:13.760 align:start position:0% no such 00:22:13.760 --> 00:22:15.510 align:start position:0% no such consultations<00:22:14.559> occurred<00:22:15.039> this<00:22:15.280> would 00:22:15.510 --> 00:22:15.520 align:start position:0% consultations occurred this would 00:22:15.520 --> 00:22:18.470 align:start position:0% consultations occurred this would basically<00:22:16.159> fall<00:22:16.480> under<00:22:16.880> a<00:22:17.520> scenario<00:22:18.159> where 00:22:18.470 --> 00:22:18.480 align:start position:0% basically fall under a scenario where 00:22:18.480 --> 00:22:20.630 align:start position:0% basically fall under a scenario where management<00:22:18.960> perhaps<00:22:19.360> didn't<00:22:19.600> agree<00:22:20.080> with<00:22:20.480> a 00:22:20.630 --> 00:22:20.640 align:start position:0% management perhaps didn't agree with a 00:22:20.640 --> 00:22:22.470 align:start position:0% management perhaps didn't agree with a position<00:22:21.039> we<00:22:21.200> were<00:22:21.360> taking<00:22:21.760> be<00:22:22.000> it<00:22:22.080> relevant 00:22:22.470 --> 00:22:22.480 align:start position:0% position we were taking be it relevant 00:22:22.480 --> 00:22:24.310 align:start position:0% position we were taking be it relevant to<00:22:22.640> gaap<00:22:22.960> or<00:22:23.120> auditing<00:22:23.520> procedures<00:22:24.080> and<00:22:24.159> they 00:22:24.310 --> 00:22:24.320 align:start position:0% to gaap or auditing procedures and they 00:22:24.320 --> 00:22:25.830 align:start position:0% to gaap or auditing procedures and they reached<00:22:24.640> out<00:22:24.720> to<00:22:24.880> another<00:22:25.200> firm<00:22:25.440> to<00:22:25.520> get<00:22:25.760> a 00:22:25.830 --> 00:22:25.840 align:start position:0% reached out to another firm to get a 00:22:25.840 --> 00:22:27.590 align:start position:0% reached out to another firm to get a second<00:22:26.159> opinion 00:22:27.590 --> 00:22:27.600 align:start position:0% second opinion 00:22:27.600 --> 00:22:29.270 align:start position:0% second opinion significant<00:22:28.240> issues<00:22:28.640> discussed<00:22:29.039> with 00:22:29.270 --> 00:22:29.280 align:start position:0% significant issues discussed with 00:22:29.280 --> 00:22:31.590 align:start position:0% significant issues discussed with management<00:22:29.760> prior<00:22:30.080> to<00:22:30.240> the<00:22:30.400> engagement<00:22:31.360> all 00:22:31.590 --> 00:22:31.600 align:start position:0% management prior to the engagement all 00:22:31.600 --> 00:22:33.350 align:start position:0% management prior to the engagement all of<00:22:31.679> our<00:22:31.840> discussions<00:22:32.559> occurred<00:22:32.960> within<00:22:33.200> the 00:22:33.350 --> 00:22:33.360 align:start position:0% of our discussions occurred within the 00:22:33.360 --> 00:22:34.789 align:start position:0% of our discussions occurred within the normal<00:22:33.679> course<00:22:34.000> of<00:22:34.159> our<00:22:34.320> professional 00:22:34.789 --> 00:22:34.799 align:start position:0% normal course of our professional 00:22:34.799 --> 00:22:36.870 align:start position:0% normal course of our professional relationship<00:22:35.600> and<00:22:35.760> our<00:22:35.919> responses<00:22:36.480> were<00:22:36.720> not 00:22:36.870 --> 00:22:36.880 align:start position:0% relationship and our responses were not 00:22:36.880 --> 00:22:37.669 align:start position:0% relationship and our responses were not con 00:22:37.669 --> 00:22:37.679 align:start position:0% con 00:22:37.679 --> 00:22:39.430 align:start position:0% con we're<00:22:37.840> not<00:22:38.080> a<00:22:38.159> condition<00:22:38.559> of<00:22:38.720> our<00:22:39.200> our 00:22:39.430 --> 00:22:39.440 align:start position:0% we're not a condition of our our 00:22:39.440 --> 00:22:40.950 align:start position:0% we're not a condition of our our engagement<00:22:40.000> so<00:22:40.159> it's 00:22:40.950 --> 00:22:40.960 align:start position:0% engagement so it's 00:22:40.960 --> 00:22:43.909 align:start position:0% engagement so it's basically<00:22:41.760> uh<00:22:42.400> designed<00:22:42.799> to<00:22:42.960> vet<00:22:43.280> out<00:22:43.440> duress 00:22:43.909 --> 00:22:43.919 align:start position:0% basically uh designed to vet out duress 00:22:43.919 --> 00:22:47.510 align:start position:0% basically uh designed to vet out duress if<00:22:44.559> we<00:22:44.720> were<00:22:44.960> told<00:22:45.600> yeah<00:22:46.080> we<00:22:46.240> do<00:22:46.480> x<00:22:46.640> y<00:22:46.880> and<00:22:47.039> z<00:22:47.280> or 00:22:47.510 --> 00:22:47.520 align:start position:0% if we were told yeah we do x y and z or 00:22:47.520 --> 00:22:49.510 align:start position:0% if we were told yeah we do x y and z or we<00:22:47.679> don't<00:22:47.840> do<00:22:48.000> the<00:22:48.080> work<00:22:48.559> um<00:22:49.039> you<00:22:49.200> know<00:22:49.280> we'd 00:22:49.510 --> 00:22:49.520 align:start position:0% we don't do the work um you know we'd 00:22:49.520 --> 00:22:51.830 align:start position:0% we don't do the work um you know we'd have<00:22:49.679> to<00:22:49.760> communicate<00:22:50.320> that<00:22:50.480> to<00:22:50.640> you 00:22:51.830 --> 00:22:51.840 align:start position:0% have to communicate that to you 00:22:51.840 --> 00:22:53.510 align:start position:0% have to communicate that to you significant<00:22:52.400> findings<00:22:52.880> or<00:22:53.039> issues<00:22:53.280> that<00:22:53.360> were 00:22:53.510 --> 00:22:53.520 align:start position:0% significant findings or issues that were 00:22:53.520 --> 00:22:55.590 align:start position:0% significant findings or issues that were discussed<00:22:54.080> or<00:22:54.320> subject<00:22:54.720> of<00:22:54.880> correspondence 00:22:55.590 --> 00:22:55.600 align:start position:0% discussed or subject of correspondence 00:22:55.600 --> 00:22:58.310 align:start position:0% discussed or subject of correspondence with<00:22:55.760> management<00:22:56.720> uh<00:22:57.280> this<00:22:57.520> again<00:22:57.840> relates 00:22:58.310 --> 00:22:58.320 align:start position:0% with management uh this again relates 00:22:58.320 --> 00:23:00.070 align:start position:0% with management uh this again relates back<00:22:58.480> to<00:22:58.880> the<00:22:59.039> significant<00:22:59.520> deficiency 00:23:00.070 --> 00:23:00.080 align:start position:0% back to the significant deficiency 00:23:00.080 --> 00:23:01.590 align:start position:0% back to the significant deficiency internal<00:23:00.480> control<00:23:00.880> over<00:23:01.120> financial 00:23:01.590 --> 00:23:01.600 align:start position:0% internal control over financial 00:23:01.600 --> 00:23:03.669 align:start position:0% internal control over financial reporting<00:23:02.000> that<00:23:02.159> was<00:23:02.400> identified<00:23:03.520> the 00:23:03.669 --> 00:23:03.679 align:start position:0% reporting that was identified the 00:23:03.679 --> 00:23:05.669 align:start position:0% reporting that was identified the deficiency<00:23:04.400> was<00:23:04.640> related<00:23:05.039> to<00:23:05.200> the<00:23:05.280> collection 00:23:05.669 --> 00:23:05.679 align:start position:0% deficiency was related to the collection 00:23:05.679 --> 00:23:07.270 align:start position:0% deficiency was related to the collection of<00:23:05.760> delinquent<00:23:06.240> taxes<00:23:06.720> in<00:23:06.799> the<00:23:06.960> tax 00:23:07.270 --> 00:23:07.280 align:start position:0% of delinquent taxes in the tax 00:23:07.280 --> 00:23:10.630 align:start position:0% of delinquent taxes in the tax collection<00:23:07.840> office 00:23:10.630 --> 00:23:10.640 align:start position:0% 00:23:10.640 --> 00:23:14.149 align:start position:0% and<00:23:11.280> that<00:23:11.840> was<00:23:12.400> and<00:23:12.720> is<00:23:13.039> in<00:23:13.280> both<00:23:13.520> your<00:23:13.760> federal 00:23:14.149 --> 00:23:14.159 align:start position:0% and that was and is in both your federal 00:23:14.159 --> 00:23:16.630 align:start position:0% and that was and is in both your federal single<00:23:14.480> audit<00:23:15.280> and<00:23:15.440> state<00:23:15.760> single<00:23:16.159> audit 00:23:16.630 --> 00:23:16.640 align:start position:0% single audit and state single audit 00:23:16.640 --> 00:23:18.789 align:start position:0% single audit and state single audit documents<00:23:17.679> uh<00:23:18.000> relevant<00:23:18.480> to<00:23:18.640> the 00:23:18.789 --> 00:23:18.799 align:start position:0% documents uh relevant to the 00:23:18.799 --> 00:23:21.669 align:start position:0% documents uh relevant to the governmental<00:23:19.360> auditing<00:23:20.400> standards<00:23:21.200> uh 00:23:21.669 --> 00:23:21.679 align:start position:0% governmental auditing standards uh 00:23:21.679 --> 00:23:24.430 align:start position:0% governmental auditing standards uh report<00:23:22.400> and<00:23:22.640> it's<00:23:22.799> listed<00:23:23.200> as<00:23:23.440> finding 00:23:24.430 --> 00:23:24.440 align:start position:0% report and it's listed as finding 00:23:24.440 --> 00:23:28.230 align:start position:0% report and it's listed as finding 2020-r20<00:23:25.600> yeah<00:23:26.200> 2020-001<00:23:27.280> it's<00:23:27.520> it's<00:23:27.760> in<00:23:27.919> both 00:23:28.230 --> 00:23:28.240 align:start position:0% 2020-r20 yeah 2020-001 it's it's in both 00:23:28.240 --> 00:23:29.110 align:start position:0% 2020-r20 yeah 2020-001 it's it's in both of<00:23:28.320> those 00:23:29.110 --> 00:23:29.120 align:start position:0% of those 00:23:29.120 --> 00:23:32.390 align:start position:0% of those and<00:23:29.360> written<00:23:29.679> out<00:23:30.000> in<00:23:30.320> detail<00:23:30.960> as<00:23:31.120> to<00:23:31.600> um<00:23:31.919> or 00:23:32.390 --> 00:23:32.400 align:start position:0% and written out in detail as to um or 00:23:32.400 --> 00:23:34.870 align:start position:0% and written out in detail as to um or summary<00:23:32.960> if<00:23:33.039> you<00:23:33.200> will<00:23:33.600> uh<00:23:33.840> as<00:23:34.080> to<00:23:34.240> what<00:23:34.559> but<00:23:34.799> it 00:23:34.870 --> 00:23:34.880 align:start position:0% summary if you will uh as to what but it 00:23:34.880 --> 00:23:36.470 align:start position:0% summary if you will uh as to what but it transpired 00:23:36.470 --> 00:23:36.480 align:start position:0% transpired 00:23:36.480 --> 00:23:38.310 align:start position:0% transpired so<00:23:37.200> that<00:23:37.520> will 00:23:38.310 --> 00:23:38.320 align:start position:0% so that will 00:23:38.320 --> 00:23:39.510 align:start position:0% so that will conclude 00:23:39.510 --> 00:23:39.520 align:start position:0% conclude 00:23:39.520 --> 00:23:41.110 align:start position:0% conclude what<00:23:39.760> i<00:23:39.919> was<00:23:40.159> going<00:23:40.320> to<00:23:40.400> discuss<00:23:40.799> with<00:23:40.960> you 00:23:41.110 --> 00:23:41.120 align:start position:0% what i was going to discuss with you 00:23:41.120 --> 00:23:42.549 align:start position:0% what i was going to discuss with you this<00:23:41.360> evening 00:23:42.549 --> 00:23:42.559 align:start position:0% this evening 00:23:42.559 --> 00:23:44.630 align:start position:0% this evening my<00:23:42.799> contact<00:23:43.360> information<00:23:43.919> along<00:23:44.159> with<00:23:44.400> mike 00:23:44.630 --> 00:23:44.640 align:start position:0% my contact information along with mike 00:23:44.640 --> 00:23:47.430 align:start position:0% my contact information along with mike popham<00:23:45.200> who<00:23:45.440> is<00:23:45.679> the<00:23:46.080> engagement<00:23:46.720> manager<00:23:47.200> or 00:23:47.430 --> 00:23:47.440 align:start position:0% popham who is the engagement manager or 00:23:47.440 --> 00:23:48.950 align:start position:0% popham who is the engagement manager or director 00:23:48.950 --> 00:23:48.960 align:start position:0% director 00:23:48.960 --> 00:23:51.110 align:start position:0% director is<00:23:49.200> in<00:23:49.360> there<00:23:49.679> if<00:23:49.840> you<00:23:50.159> care<00:23:50.400> to<00:23:50.559> reach<00:23:50.880> out<00:23:50.960> to 00:23:51.110 --> 00:23:51.120 align:start position:0% is in there if you care to reach out to 00:23:51.120 --> 00:23:53.510 align:start position:0% is in there if you care to reach out to either<00:23:51.440> of<00:23:51.520> the<00:23:51.679> two<00:23:51.919> of<00:23:52.080> us<00:23:52.480> um 00:23:53.510 --> 00:23:53.520 align:start position:0% either of the two of us um 00:23:53.520 --> 00:23:55.590 align:start position:0% either of the two of us um we<00:23:53.679> would<00:23:53.919> prefer<00:23:54.559> communications<00:23:55.360> came 00:23:55.590 --> 00:23:55.600 align:start position:0% we would prefer communications came 00:23:55.600 --> 00:23:57.669 align:start position:0% we would prefer communications came through<00:23:55.760> the<00:23:55.840> finance<00:23:56.320> office<00:23:56.720> but<00:23:57.039> if<00:23:57.360> any<00:23:57.520> of 00:23:57.669 --> 00:23:57.679 align:start position:0% through the finance office but if any of 00:23:57.679 --> 00:23:59.350 align:start position:0% through the finance office but if any of you<00:23:57.840> call<00:23:58.240> we're<00:23:58.559> going<00:23:58.640> to<00:23:58.720> take<00:23:58.880> the<00:23:59.039> call 00:23:59.350 --> 00:23:59.360 align:start position:0% you call we're going to take the call 00:23:59.360 --> 00:24:01.590 align:start position:0% you call we're going to take the call and<00:23:59.760> do<00:24:00.000> the<00:24:00.080> best<00:24:00.320> we<00:24:00.480> can<00:24:00.720> to 00:24:01.590 --> 00:24:01.600 align:start position:0% and do the best we can to 00:24:01.600 --> 00:24:02.870 align:start position:0% and do the best we can to give<00:24:01.760> you<00:24:01.840> an<00:24:02.000> answer<00:24:02.240> as<00:24:02.400> to<00:24:02.480> what<00:24:02.640> your 00:24:02.870 --> 00:24:02.880 align:start position:0% give you an answer as to what your 00:24:02.880 --> 00:24:04.390 align:start position:0% give you an answer as to what your inquiry<00:24:03.279> is 00:24:04.390 --> 00:24:04.400 align:start position:0% inquiry is 00:24:04.400 --> 00:24:05.990 align:start position:0% inquiry is so<00:24:04.640> i'll<00:24:04.880> take<00:24:05.120> any<00:24:05.279> questions<00:24:05.679> you<00:24:05.760> might 00:24:05.990 --> 00:24:06.000 align:start position:0% so i'll take any questions you might 00:24:06.000 --> 00:24:08.149 align:start position:0% so i'll take any questions you might have<00:24:06.159> at<00:24:06.320> this<00:24:06.480> point 00:24:08.149 --> 00:24:08.159 align:start position:0% have at this point 00:24:08.159 --> 00:24:10.470 align:start position:0% have at this point thank<00:24:08.400> you<00:24:08.640> thank<00:24:08.799> you<00:24:09.039> ron<00:24:09.360> charlie 00:24:10.470 --> 00:24:10.480 align:start position:0% thank you thank you ron charlie 00:24:10.480 --> 00:24:19.430 align:start position:0% thank you thank you ron charlie uh<00:24:10.720> ron<00:24:11.039> and<00:24:11.279> slide<00:24:11.919> nine 00:24:19.430 --> 00:24:19.440 align:start position:0% 00:24:19.440 --> 00:24:22.950 align:start position:0% under<00:24:19.840> fund<00:24:20.080> balance<00:24:20.880> with<00:24:21.200> non-spendable 00:24:22.950 --> 00:24:22.960 align:start position:0% under fund balance with non-spendable 00:24:22.960 --> 00:24:25.269 align:start position:0% under fund balance with non-spendable 18<00:24:23.520> 000.<00:24:23.840> what<00:24:24.000> is<00:24:24.159> that 00:24:25.269 --> 00:24:25.279 align:start position:0% 18 000. what is that 00:24:25.279 --> 00:24:28.070 align:start position:0% 18 000. what is that uh<00:24:25.520> non-spendable<00:24:26.400> fund<00:24:26.640> balance<00:24:27.279> is<00:24:27.840> is 00:24:28.070 --> 00:24:28.080 align:start position:0% uh non-spendable fund balance is is 00:24:28.080 --> 00:24:30.950 align:start position:0% uh non-spendable fund balance is is basically<00:24:28.720> um<00:24:29.520> inventory<00:24:30.400> usually<00:24:30.799> it's 00:24:30.950 --> 00:24:30.960 align:start position:0% basically um inventory usually it's 00:24:30.960 --> 00:24:33.669 align:start position:0% basically um inventory usually it's inventory<00:24:31.600> it<00:24:31.679> might<00:24:31.840> be<00:24:32.000> some<00:24:32.240> other<00:24:32.640> oh 00:24:33.669 --> 00:24:33.679 align:start position:0% inventory it might be some other oh 00:24:33.679 --> 00:24:34.950 align:start position:0% inventory it might be some other oh there<00:24:33.760> could<00:24:33.919> be<00:24:34.080> other<00:24:34.240> things<00:24:34.559> that<00:24:34.720> fall 00:24:34.950 --> 00:24:34.960 align:start position:0% there could be other things that fall 00:24:34.960 --> 00:24:36.870 align:start position:0% there could be other things that fall into<00:24:35.200> that<00:24:35.440> prepaid<00:24:35.919> expenses<00:24:36.559> things<00:24:36.799> of 00:24:36.870 --> 00:24:36.880 align:start position:0% into that prepaid expenses things of 00:24:36.880 --> 00:24:38.549 align:start position:0% into that prepaid expenses things of that<00:24:37.039> nature 00:24:38.549 --> 00:24:38.559 align:start position:0% that nature 00:24:38.559 --> 00:24:40.149 align:start position:0% that nature okay<00:24:38.880> probably<00:24:39.360> given<00:24:39.679> that<00:24:39.840> it's<00:24:40.000> in<00:24:40.080> the 00:24:40.149 --> 00:24:40.159 align:start position:0% okay probably given that it's in the 00:24:40.159 --> 00:24:43.350 align:start position:0% okay probably given that it's in the general<00:24:40.480> fund<00:24:40.720> it's<00:24:40.880> prepaids 00:24:43.350 --> 00:24:43.360 align:start position:0% general fund it's prepaids 00:24:43.360 --> 00:24:44.950 align:start position:0% general fund it's prepaids okay<00:24:43.600> one<00:24:43.760> other<00:24:44.000> question 00:24:44.950 --> 00:24:44.960 align:start position:0% okay one other question 00:24:44.960 --> 00:24:48.630 align:start position:0% okay one other question you picking<00:24:45.120> on<00:24:45.919> slide<00:24:46.240> 17<00:24:46.799> where<00:24:46.880> you<00:24:47.039> said 00:24:48.630 --> 00:24:48.640 align:start position:0% you picking on slide 17 where you said 00:24:48.640 --> 00:24:50.710 align:start position:0% you picking on slide 17 where you said management<00:24:49.200> consultations 00:24:50.710 --> 00:24:50.720 align:start position:0% management consultations 00:24:50.720 --> 00:24:53.590 align:start position:0% management consultations with<00:24:50.960> other<00:24:51.200> independent<00:24:52.000> accountants<00:24:52.799> yep 00:24:53.590 --> 00:24:53.600 align:start position:0% with other independent accountants yep 00:24:53.600 --> 00:24:56.230 align:start position:0% with other independent accountants yep management<00:24:54.240> disagrees<00:24:55.039> with<00:24:55.760> say<00:24:56.000> your 00:24:56.230 --> 00:24:56.240 align:start position:0% management disagrees with say your 00:24:56.240 --> 00:24:57.430 align:start position:0% management disagrees with say your auditing 00:24:57.430 --> 00:24:57.440 align:start position:0% auditing 00:24:57.440 --> 00:24:59.430 align:start position:0% auditing then<00:24:57.840> they<00:24:58.000> want<00:24:58.159> to<00:24:58.320> reach<00:24:58.640> out<00:24:58.799> to<00:24:58.960> another 00:24:59.430 --> 00:24:59.440 align:start position:0% then they want to reach out to another 00:24:59.440 --> 00:25:01.830 align:start position:0% then they want to reach out to another firm<00:24:59.760> to<00:24:59.919> get<00:25:00.159> another<00:25:00.559> opinion<00:25:01.279> and<00:25:01.440> perhaps 00:25:01.830 --> 00:25:01.840 align:start position:0% firm to get another opinion and perhaps 00:25:01.840 --> 00:25:03.830 align:start position:0% firm to get another opinion and perhaps strengthen<00:25:02.320> their<00:25:02.640> argument<00:25:03.360> what's<00:25:03.679> wrong 00:25:03.830 --> 00:25:03.840 align:start position:0% strengthen their argument what's wrong 00:25:03.840 --> 00:25:05.190 align:start position:0% strengthen their argument what's wrong with<00:25:04.000> that<00:25:04.320> there's<00:25:04.480> nothing<00:25:04.720> wrong<00:25:04.880> with<00:25:05.039> it 00:25:05.190 --> 00:25:05.200 align:start position:0% with that there's nothing wrong with it 00:25:05.200 --> 00:25:06.950 align:start position:0% with that there's nothing wrong with it oh<00:25:05.440> i<00:25:05.520> mean<00:25:05.919> well<00:25:06.320> then<00:25:06.400> why<00:25:06.559> do<00:25:06.640> you<00:25:06.720> have<00:25:06.799> to 00:25:06.950 --> 00:25:06.960 align:start position:0% oh i mean well then why do you have to 00:25:06.960 --> 00:25:07.990 align:start position:0% oh i mean well then why do you have to report 00:25:07.990 --> 00:25:08.000 align:start position:0% report 00:25:08.000 --> 00:25:09.269 align:start position:0% report because 00:25:09.269 --> 00:25:09.279 align:start position:0% because 00:25:09.279 --> 00:25:12.070 align:start position:0% because the<00:25:09.440> aicpa<00:25:10.480> deems<00:25:10.880> that<00:25:11.200> something<00:25:11.600> that<00:25:11.840> you 00:25:12.070 --> 00:25:12.080 align:start position:0% the aicpa deems that something that you 00:25:12.080 --> 00:25:18.149 align:start position:0% the aicpa deems that something that you should<00:25:12.240> be<00:25:12.400> aware<00:25:12.840> of<00:25:13.440> oh<00:25:14.080> okay 00:25:18.149 --> 00:25:18.159 align:start position:0% 00:25:18.159 --> 00:25:20.870 align:start position:0% okay<00:25:18.559> other<00:25:18.880> questions<00:25:19.520> on<00:25:19.679> the<00:25:20.159> particular 00:25:20.870 --> 00:25:20.880 align:start position:0% okay other questions on the particular 00:25:20.880 --> 00:25:24.310 align:start position:0% okay other questions on the particular on<00:25:21.039> the<00:25:21.120> audits 00:25:24.310 --> 00:25:24.320 align:start position:0% 00:25:24.320 --> 00:25:38.789 align:start position:0% sure 00:25:38.789 --> 00:25:38.799 align:start position:0% 00:25:38.799 --> 00:25:39.669 align:start position:0% sorry 00:25:39.669 --> 00:25:39.679 align:start position:0% sorry 00:25:39.679 --> 00:25:41.669 align:start position:0% sorry okay 00:25:41.669 --> 00:25:41.679 align:start position:0% okay 00:25:41.679 --> 00:25:44.870 align:start position:0% okay regarding<00:25:42.240> 18<00:25:42.640> the<00:25:42.799> deficiency<00:25:43.360> related 00:25:44.870 --> 00:25:44.880 align:start position:0% regarding 18 the deficiency related 00:25:44.880 --> 00:25:45.990 align:start position:0% regarding 18 the deficiency related um 00:25:45.990 --> 00:25:46.000 align:start position:0% um 00:25:46.000 --> 00:25:47.990 align:start position:0% um when<00:25:46.159> this<00:25:46.480> occurs 00:25:47.990 --> 00:25:48.000 align:start position:0% when this occurs 00:25:48.000 --> 00:25:49.029 align:start position:0% when this occurs um 00:25:49.029 --> 00:25:49.039 align:start position:0% um 00:25:49.039 --> 00:25:50.630 align:start position:0% um do<00:25:49.279> you<00:25:49.440> meet<00:25:49.760> with 00:25:50.630 --> 00:25:50.640 align:start position:0% do you meet with 00:25:50.640 --> 00:25:53.029 align:start position:0% do you meet with the<00:25:50.799> first<00:25:51.039> selectmen 00:25:53.029 --> 00:25:53.039 align:start position:0% the first selectmen 00:25:53.039 --> 00:25:55.510 align:start position:0% the first selectmen the<00:25:53.200> director<00:25:53.679> of<00:25:53.760> finance<00:25:54.720> the 00:25:55.510 --> 00:25:55.520 align:start position:0% the director of finance the 00:25:55.520 --> 00:25:57.029 align:start position:0% the director of finance the tax<00:25:55.840> collector 00:25:57.029 --> 00:25:57.039 align:start position:0% tax collector 00:25:57.039 --> 00:25:58.789 align:start position:0% tax collector i<00:25:57.200> mean 00:25:58.789 --> 00:25:58.799 align:start position:0% i mean 00:25:58.799 --> 00:26:01.350 align:start position:0% i mean you<00:25:58.960> write<00:25:59.200> it<00:25:59.360> up<00:25:59.600> it's<00:25:59.760> here<00:26:00.080> we<00:26:00.480> have<00:26:01.120> both 00:26:01.350 --> 00:26:01.360 align:start position:0% you write it up it's here we have both 00:26:01.360 --> 00:26:03.909 align:start position:0% you write it up it's here we have both discussions<00:26:02.080> that<00:26:02.159> you<00:26:02.320> put<00:26:02.559> in 00:26:03.909 --> 00:26:03.919 align:start position:0% discussions that you put in 00:26:03.919 --> 00:26:07.110 align:start position:0% discussions that you put in both<00:26:04.159> documents<00:26:04.799> on<00:26:04.960> page<00:26:05.279> nine 00:26:07.110 --> 00:26:07.120 align:start position:0% both documents on page nine 00:26:07.120 --> 00:26:10.390 align:start position:0% both documents on page nine which<00:26:07.840> gives<00:26:08.159> good<00:26:08.320> headings<00:26:09.039> in<00:26:09.440> certain 00:26:10.390 --> 00:26:10.400 align:start position:0% which gives good headings in certain 00:26:10.400 --> 00:26:12.070 align:start position:0% which gives good headings in certain general 00:26:12.070 --> 00:26:12.080 align:start position:0% general 00:26:12.080 --> 00:26:14.470 align:start position:0% general sometimes<00:26:12.640> specific<00:26:13.440> language 00:26:14.470 --> 00:26:14.480 align:start position:0% sometimes specific language 00:26:14.480 --> 00:26:16.470 align:start position:0% sometimes specific language but<00:26:14.720> where<00:26:14.880> do<00:26:15.039> you<00:26:15.200> go<00:26:15.440> from<00:26:15.679> here<00:26:16.000> on<00:26:16.080> that 00:26:16.470 --> 00:26:16.480 align:start position:0% but where do you go from here on that 00:26:16.480 --> 00:26:17.669 align:start position:0% but where do you go from here on that you<00:26:16.720> just 00:26:17.669 --> 00:26:17.679 align:start position:0% you just 00:26:17.679 --> 00:26:19.750 align:start position:0% you just leave<00:26:17.919> it<00:26:18.000> here<00:26:18.240> with<00:26:18.480> us 00:26:19.750 --> 00:26:19.760 align:start position:0% leave it here with us 00:26:19.760 --> 00:26:22.830 align:start position:0% leave it here with us yes<00:26:20.400> um<00:26:20.799> if<00:26:21.039> it<00:26:21.200> were 00:26:22.830 --> 00:26:22.840 align:start position:0% yes um if it were 00:26:22.840 --> 00:26:26.549 align:start position:0% yes um if it were um<00:26:23.919> really<00:26:24.240> our<00:26:24.480> our<00:26:24.720> responsibility<00:26:25.840> ends 00:26:26.549 --> 00:26:26.559 align:start position:0% um really our our responsibility ends 00:26:26.559 --> 00:26:27.590 align:start position:0% um really our our responsibility ends with 00:26:27.590 --> 00:26:27.600 align:start position:0% with 00:26:27.600 --> 00:26:29.590 align:start position:0% with uh<00:26:27.840> communicating<00:26:28.720> to 00:26:29.590 --> 00:26:29.600 align:start position:0% uh communicating to 00:26:29.600 --> 00:26:32.950 align:start position:0% uh communicating to um<00:26:30.240> the<00:26:30.880> next<00:26:31.200> level<00:26:31.520> of<00:26:31.679> management<00:26:32.320> to<00:26:32.480> be<00:26:32.799> to 00:26:32.950 --> 00:26:32.960 align:start position:0% um the next level of management to be to 00:26:32.960 --> 00:26:34.549 align:start position:0% um the next level of management to be to be<00:26:33.120> quite<00:26:33.279> honest<00:26:33.600> with<00:26:33.760> you 00:26:34.549 --> 00:26:34.559 align:start position:0% be quite honest with you 00:26:34.559 --> 00:26:38.549 align:start position:0% be quite honest with you that<00:26:34.799> is<00:26:35.360> um<00:26:36.240> a<00:26:37.039> of<00:26:37.679> a<00:26:36.840> little<00:26:38.000> of<00:26:38.159> an<00:26:38.320> odd 00:26:38.549 --> 00:26:38.559 align:start position:0% that is um a of a little of an odd 00:26:38.559 --> 00:26:40.950 align:start position:0% that is um a of a little of an odd situation<00:26:39.200> here<00:26:39.440> because<00:26:40.000> uh<00:26:40.480> the<00:26:40.640> tax 00:26:40.950 --> 00:26:40.960 align:start position:0% situation here because uh the tax 00:26:40.960 --> 00:26:44.230 align:start position:0% situation here because uh the tax collector<00:26:41.600> is<00:26:41.919> is<00:26:42.080> an<00:26:42.159> election<00:26:42.480> intellectual 00:26:44.230 --> 00:26:44.240 align:start position:0% collector is is an election intellectual 00:26:44.240 --> 00:26:47.430 align:start position:0% collector is is an election intellectual um<00:26:45.120> but<00:26:45.360> in<00:26:45.520> the<00:26:45.600> case<00:26:45.919> of<00:26:46.000> this<00:26:46.320> issue 00:26:47.430 --> 00:26:47.440 align:start position:0% um but in the case of this issue 00:26:47.440 --> 00:26:51.350 align:start position:0% um but in the case of this issue um<00:26:48.159> if<00:26:48.799> you<00:26:48.880> know<00:26:49.120> first<00:26:49.440> i<00:26:49.600> would<00:26:49.760> say<00:26:50.080> that 00:26:51.350 --> 00:26:51.360 align:start position:0% um if you know first i would say that 00:26:51.360 --> 00:26:55.350 align:start position:0% um if you know first i would say that we<00:26:51.600> believed<00:26:52.559> and<00:26:52.960> verified<00:26:53.760> that<00:26:54.320> that<00:26:54.559> the 00:26:55.350 --> 00:26:55.360 align:start position:0% we believed and verified that that the 00:26:55.360 --> 00:26:57.909 align:start position:0% we believed and verified that that the amounts<00:26:55.919> in<00:26:56.159> question<00:26:56.799> were<00:26:57.039> immaterial<00:26:57.760> to 00:26:57.909 --> 00:26:57.919 align:start position:0% amounts in question were immaterial to 00:26:57.919 --> 00:27:00.630 align:start position:0% amounts in question were immaterial to the<00:26:58.000> financial<00:26:58.480> statements 00:27:00.630 --> 00:27:00.640 align:start position:0% the financial statements 00:27:00.640 --> 00:27:03.750 align:start position:0% the financial statements and<00:27:01.039> it<00:27:01.200> was<00:27:01.520> not<00:27:01.919> something<00:27:02.320> that<00:27:02.640> we 00:27:03.750 --> 00:27:03.760 align:start position:0% and it was not something that we 00:27:03.760 --> 00:27:06.390 align:start position:0% and it was not something that we detected<00:27:04.480> during<00:27:04.799> the<00:27:04.960> performance<00:27:05.760> of<00:27:06.000> our 00:27:06.390 --> 00:27:06.400 align:start position:0% detected during the performance of our 00:27:06.400 --> 00:27:08.470 align:start position:0% detected during the performance of our procedures<00:27:07.360> it<00:27:07.520> was<00:27:07.760> something<00:27:08.080> that<00:27:08.240> was 00:27:08.470 --> 00:27:08.480 align:start position:0% procedures it was something that was 00:27:08.480 --> 00:27:10.390 align:start position:0% procedures it was something that was communicated<00:27:09.279> to<00:27:09.600> us<00:27:10.000> during<00:27:10.320> the 00:27:10.390 --> 00:27:10.400 align:start position:0% communicated to us during the 00:27:10.400 --> 00:27:12.710 align:start position:0% communicated to us during the performance<00:27:10.960> of<00:27:11.120> our<00:27:11.360> audit 00:27:12.710 --> 00:27:12.720 align:start position:0% performance of our audit 00:27:12.720 --> 00:27:15.430 align:start position:0% performance of our audit from<00:27:12.960> a<00:27:13.120> member<00:27:13.600> of<00:27:14.640> of 00:27:15.430 --> 00:27:15.440 align:start position:0% from a member of of 00:27:15.440 --> 00:27:16.630 align:start position:0% from a member of of management 00:27:16.630 --> 00:27:16.640 align:start position:0% management 00:27:16.640 --> 00:27:17.510 align:start position:0% management or 00:27:17.510 --> 00:27:17.520 align:start position:0% or 00:27:17.520 --> 00:27:21.350 align:start position:0% or employees<00:27:18.159> that<00:27:18.640> work<00:27:18.960> in<00:27:19.120> town<00:27:19.520> so 00:27:21.350 --> 00:27:21.360 align:start position:0% employees that work in town so 00:27:21.360 --> 00:27:23.510 align:start position:0% employees that work in town so our<00:27:21.600> responsibility<00:27:22.320> at<00:27:22.399> that<00:27:22.640> point<00:27:23.200> was<00:27:23.360> to 00:27:23.510 --> 00:27:23.520 align:start position:0% our responsibility at that point was to 00:27:23.520 --> 00:27:25.430 align:start position:0% our responsibility at that point was to go<00:27:23.679> to<00:27:23.760> gym 00:27:25.430 --> 00:27:25.440 align:start position:0% go to gym 00:27:25.440 --> 00:27:26.549 align:start position:0% go to gym jim 00:27:26.549 --> 00:27:26.559 align:start position:0% jim 00:27:26.559 --> 00:27:29.029 align:start position:0% jim at<00:27:26.799> our<00:27:27.360> request<00:27:28.080> went<00:27:28.399> to<00:27:28.640> the<00:27:28.720> first 00:27:29.029 --> 00:27:29.039 align:start position:0% at our request went to the first 00:27:29.039 --> 00:27:31.830 align:start position:0% at our request went to the first election<00:27:29.840> and<00:27:30.240> from<00:27:30.480> that<00:27:30.720> perspective<00:27:31.600> our 00:27:31.830 --> 00:27:31.840 align:start position:0% election and from that perspective our 00:27:31.840 --> 00:27:33.510 align:start position:0% election and from that perspective our responsibilities<00:27:32.880> relative<00:27:33.279> to 00:27:33.510 --> 00:27:33.520 align:start position:0% responsibilities relative to 00:27:33.520 --> 00:27:35.750 align:start position:0% responsibilities relative to communication<00:27:34.480> are<00:27:34.720> done 00:27:35.750 --> 00:27:35.760 align:start position:0% communication are done 00:27:35.760 --> 00:27:38.789 align:start position:0% communication are done we<00:27:36.000> do<00:27:36.320> have<00:27:36.880> by<00:27:37.520> accounting<00:27:38.000> standards<00:27:38.640> the 00:27:38.789 --> 00:27:38.799 align:start position:0% we do have by accounting standards the 00:27:38.799 --> 00:27:40.310 align:start position:0% we do have by accounting standards the requirement<00:27:39.520> that 00:27:40.310 --> 00:27:40.320 align:start position:0% requirement that 00:27:40.320 --> 00:27:42.310 align:start position:0% requirement that if<00:27:40.559> we<00:27:40.880> feel<00:27:41.200> as<00:27:41.360> though 00:27:42.310 --> 00:27:42.320 align:start position:0% if we feel as though 00:27:42.320 --> 00:27:44.950 align:start position:0% if we feel as though a<00:27:42.640> criminal<00:27:43.039> violation<00:27:43.760> occurs 00:27:44.950 --> 00:27:44.960 align:start position:0% a criminal violation occurs 00:27:44.960 --> 00:27:45.990 align:start position:0% a criminal violation occurs and 00:27:45.990 --> 00:27:46.000 align:start position:0% and 00:27:46.000 --> 00:27:50.070 align:start position:0% and we're<00:27:46.240> not<00:27:46.960> satisfied<00:27:47.840> with<00:27:48.399> the<00:27:48.880> position<00:27:49.679> or 00:27:50.070 --> 00:27:50.080 align:start position:0% we're not satisfied with the position or 00:27:50.080 --> 00:27:53.350 align:start position:0% we're not satisfied with the position or reaction<00:27:51.120> that<00:27:51.360> management<00:27:51.840> has<00:27:52.000> taken 00:27:53.350 --> 00:27:53.360 align:start position:0% reaction that management has taken 00:27:53.360 --> 00:27:55.750 align:start position:0% reaction that management has taken where<00:27:53.679> we<00:27:53.840> would<00:27:54.000> be<00:27:54.240> required<00:27:54.720> in<00:27:54.799> that<00:27:55.039> case 00:27:55.750 --> 00:27:55.760 align:start position:0% where we would be required in that case 00:27:55.760 --> 00:27:58.149 align:start position:0% where we would be required in that case to<00:27:55.919> go<00:27:56.080> to<00:27:56.159> the<00:27:56.320> authorities<00:27:57.120> but<00:27:57.600> that<00:27:57.840> is<00:27:58.000> not 00:27:58.149 --> 00:27:58.159 align:start position:0% to go to the authorities but that is not 00:27:58.159 --> 00:28:00.070 align:start position:0% to go to the authorities but that is not the<00:27:58.320> case<00:27:58.640> here 00:28:00.070 --> 00:28:00.080 align:start position:0% the case here 00:28:00.080 --> 00:28:01.430 align:start position:0% the case here so 00:28:01.430 --> 00:28:01.440 align:start position:0% so 00:28:01.440 --> 00:28:03.430 align:start position:0% so in<00:28:01.679> summary<00:28:02.240> if<00:28:02.399> you<00:28:02.559> will<00:28:02.799> that's<00:28:03.200> that's 00:28:03.430 --> 00:28:03.440 align:start position:0% in summary if you will that's that's 00:28:03.440 --> 00:28:06.389 align:start position:0% in summary if you will that's that's what<00:28:03.600> our<00:28:03.760> responsibilities<00:28:04.640> are 00:28:06.389 --> 00:28:06.399 align:start position:0% what our responsibilities are 00:28:06.399 --> 00:28:08.070 align:start position:0% what our responsibilities are so<00:28:06.640> that<00:28:06.799> your<00:28:07.039> staff<00:28:07.360> that<00:28:07.520> was<00:28:07.760> out<00:28:07.840> in<00:28:08.000> the 00:28:08.070 --> 00:28:08.080 align:start position:0% so that your staff that was out in the 00:28:08.080 --> 00:28:09.830 align:start position:0% so that your staff that was out in the field<00:28:08.320> here<00:28:08.640> doing<00:28:08.880> it<00:28:08.960> did<00:28:09.200> they<00:28:09.360> have<00:28:09.520> any 00:28:09.830 --> 00:28:09.840 align:start position:0% field here doing it did they have any 00:28:09.840 --> 00:28:11.909 align:start position:0% field here doing it did they have any interaction<00:28:10.399> with<00:28:10.720> tax<00:28:11.039> collector<00:28:11.520> on<00:28:11.679> these 00:28:11.909 --> 00:28:11.919 align:start position:0% interaction with tax collector on these 00:28:11.919 --> 00:28:14.470 align:start position:0% interaction with tax collector on these issues<00:28:12.559> um<00:28:13.440> we<00:28:13.679> worked<00:28:13.919> with<00:28:14.080> the<00:28:14.240> tax 00:28:14.470 --> 00:28:14.480 align:start position:0% issues um we worked with the tax 00:28:14.480 --> 00:28:15.909 align:start position:0% issues um we worked with the tax collector's<00:28:14.960> office<00:28:15.360> through<00:28:15.600> throughout 00:28:15.909 --> 00:28:15.919 align:start position:0% collector's office through throughout 00:28:15.919 --> 00:28:19.110 align:start position:0% collector's office through throughout the<00:28:16.080> engagement<00:28:16.640> yes<00:28:17.120> yeah<00:28:17.760> yeah<00:28:18.320> relative<00:28:18.799> to 00:28:19.110 --> 00:28:19.120 align:start position:0% the engagement yes yeah yeah relative to 00:28:19.120 --> 00:28:20.070 align:start position:0% the engagement yes yeah yeah relative to this 00:28:20.070 --> 00:28:20.080 align:start position:0% this 00:28:20.080 --> 00:28:22.230 align:start position:0% this particular<00:28:21.120> pointed 00:28:22.230 --> 00:28:22.240 align:start position:0% particular pointed 00:28:22.240 --> 00:28:25.029 align:start position:0% particular pointed incident<00:28:22.960> our<00:28:23.120> incidents<00:28:23.760> i<00:28:24.320> i<00:28:24.720> you<00:28:24.880> know 00:28:25.029 --> 00:28:25.039 align:start position:0% incident our incidents i i you know 00:28:25.039 --> 00:28:26.710 align:start position:0% incident our incidents i i you know might<00:28:25.279> pop<00:28:25.520> them<00:28:25.679> around<00:28:25.840> that<00:28:26.080> field<00:28:26.320> work<00:28:26.640> i 00:28:26.710 --> 00:28:26.720 align:start position:0% might pop them around that field work i 00:28:26.720 --> 00:28:27.669 align:start position:0% might pop them around that field work i can<00:28:26.880> get<00:28:27.039> it 00:28:27.669 --> 00:28:27.679 align:start position:0% can get it 00:28:27.679 --> 00:28:29.269 align:start position:0% can get it get<00:28:27.840> an<00:28:28.000> answer<00:28:28.320> to<00:28:28.480> you 00:28:29.269 --> 00:28:29.279 align:start position:0% get an answer to you 00:28:29.279 --> 00:28:31.269 align:start position:0% get an answer to you uh<00:28:29.520> i<00:28:29.679> don't<00:28:29.919> know<00:28:30.399> if<00:28:30.559> he<00:28:30.720> interfaced<00:28:31.120> with 00:28:31.269 --> 00:28:31.279 align:start position:0% uh i don't know if he interfaced with 00:28:31.279 --> 00:28:33.269 align:start position:0% uh i don't know if he interfaced with the<00:28:31.360> tax<00:28:31.600> collector<00:28:32.080> or<00:28:32.240> not 00:28:33.269 --> 00:28:33.279 align:start position:0% the tax collector or not 00:28:33.279 --> 00:28:35.350 align:start position:0% the tax collector or not i<00:28:33.520> think<00:28:33.679> it's<00:28:33.840> significant 00:28:35.350 --> 00:28:35.360 align:start position:0% i think it's significant 00:28:35.360 --> 00:28:37.590 align:start position:0% i think it's significant you<00:28:35.520> know<00:28:35.760> um<00:28:36.240> because<00:28:36.720> maybe<00:28:36.960> i'll<00:28:37.120> step<00:28:37.520> in 00:28:37.590 --> 00:28:37.600 align:start position:0% you know um because maybe i'll step in 00:28:37.600 --> 00:28:39.110 align:start position:0% you know um because maybe i'll step in here<00:28:37.760> harry<00:28:38.080> for<00:28:38.240> a<00:28:38.320> second 00:28:39.110 --> 00:28:39.120 align:start position:0% here harry for a second 00:28:39.120 --> 00:28:41.110 align:start position:0% here harry for a second is<00:28:39.279> that<00:28:39.679> um 00:28:41.110 --> 00:28:41.120 align:start position:0% is that um 00:28:41.120 --> 00:28:43.830 align:start position:0% is that um and<00:28:41.679> what<00:28:41.919> i'm<00:28:42.399> again<00:28:42.799> as<00:28:43.039> you<00:28:43.279> pointed<00:28:43.600> out 00:28:43.830 --> 00:28:43.840 align:start position:0% and what i'm again as you pointed out 00:28:43.840 --> 00:28:44.789 align:start position:0% and what i'm again as you pointed out ron 00:28:44.789 --> 00:28:44.799 align:start position:0% ron 00:28:44.799 --> 00:28:47.350 align:start position:0% ron um<00:28:45.279> it's<00:28:45.840> the<00:28:46.080> deep<00:28:46.399> some<00:28:46.559> of<00:28:46.640> the 00:28:47.350 --> 00:28:47.360 align:start position:0% um it's the deep some of the 00:28:47.360 --> 00:28:49.350 align:start position:0% um it's the deep some of the the<00:28:47.840> overview 00:28:49.350 --> 00:28:49.360 align:start position:0% the overview 00:28:49.360 --> 00:28:51.430 align:start position:0% the overview and<00:28:49.679> some<00:28:49.919> details<00:28:50.480> included<00:28:50.880> in<00:28:51.039> the<00:28:51.120> single 00:28:51.430 --> 00:28:51.440 align:start position:0% and some details included in the single 00:28:51.440 --> 00:28:53.830 align:start position:0% and some details included in the single audit<00:28:51.679> and<00:28:51.840> federal<00:28:52.240> audit<00:28:52.799> act 00:28:53.830 --> 00:28:53.840 align:start position:0% audit and federal audit act 00:28:53.840 --> 00:28:54.710 align:start position:0% audit and federal audit act um 00:28:54.710 --> 00:28:54.720 align:start position:0% um 00:28:54.720 --> 00:28:56.389 align:start position:0% um and<00:28:54.880> i<00:28:55.039> also<00:28:55.360> might<00:28:55.600> point<00:28:55.840> out<00:28:56.000> that<00:28:56.159> it's<00:28:56.320> the 00:28:56.389 --> 00:28:56.399 align:start position:0% and i also might point out that it's the 00:28:56.399 --> 00:28:57.909 align:start position:0% and i also might point out that it's the board<00:28:56.640> of<00:28:56.720> finance<00:28:57.120> that<00:28:57.279> engages<00:28:57.760> the 00:28:57.909 --> 00:28:57.919 align:start position:0% board of finance that engages the 00:28:57.919 --> 00:29:01.430 align:start position:0% board of finance that engages the auditors<00:28:58.880> so<00:28:59.279> technically<00:28:59.760> they<00:28:59.919> work<00:29:00.159> for<00:29:00.399> us 00:29:01.430 --> 00:29:01.440 align:start position:0% auditors so technically they work for us 00:29:01.440 --> 00:29:02.549 align:start position:0% auditors so technically they work for us okay 00:29:02.549 --> 00:29:02.559 align:start position:0% okay 00:29:02.559 --> 00:29:04.070 align:start position:0% okay yes<00:29:02.799> they<00:29:03.039> interact<00:29:03.520> through<00:29:03.679> the<00:29:03.840> first 00:29:04.070 --> 00:29:04.080 align:start position:0% yes they interact through the first 00:29:04.080 --> 00:29:05.669 align:start position:0% yes they interact through the first selectmen's<00:29:04.720> office<00:29:05.039> and<00:29:05.120> the<00:29:05.200> finance 00:29:05.669 --> 00:29:05.679 align:start position:0% selectmen's office and the finance 00:29:05.679 --> 00:29:07.269 align:start position:0% selectmen's office and the finance office<00:29:05.919> but<00:29:06.080> they<00:29:06.399> report<00:29:06.720> to<00:29:06.880> us<00:29:07.039> and<00:29:07.120> they 00:29:07.269 --> 00:29:07.279 align:start position:0% office but they report to us and they 00:29:07.279 --> 00:29:08.870 align:start position:0% office but they report to us and they work<00:29:07.520> for<00:29:07.760> us 00:29:08.870 --> 00:29:08.880 align:start position:0% work for us 00:29:08.880 --> 00:29:09.990 align:start position:0% work for us um 00:29:09.990 --> 00:29:10.000 align:start position:0% um 00:29:10.000 --> 00:29:11.110 align:start position:0% um so 00:29:11.110 --> 00:29:11.120 align:start position:0% so 00:29:11.120 --> 00:29:13.990 align:start position:0% so what<00:29:11.360> i'm<00:29:11.520> going<00:29:11.679> to<00:29:11.919> do<00:29:12.320> is<00:29:12.480> to<00:29:12.720> just 00:29:13.990 --> 00:29:14.000 align:start position:0% what i'm going to do is to just 00:29:14.000 --> 00:29:17.350 align:start position:0% what i'm going to do is to just in<00:29:14.159> order<00:29:14.399> to<00:29:14.720> move<00:29:15.279> through<00:29:15.520> this<00:29:15.840> tonight 00:29:17.350 --> 00:29:17.360 align:start position:0% in order to move through this tonight 00:29:17.360 --> 00:29:19.909 align:start position:0% in order to move through this tonight is<00:29:17.600> to<00:29:18.240> touch<00:29:18.559> on 00:29:19.909 --> 00:29:19.919 align:start position:0% is to touch on 00:29:19.919 --> 00:29:21.830 align:start position:0% is to touch on some<00:29:20.080> of<00:29:20.159> the<00:29:20.320> details<00:29:20.960> that<00:29:21.120> are<00:29:21.360> in<00:29:21.600> this 00:29:21.830 --> 00:29:21.840 align:start position:0% some of the details that are in this 00:29:21.840 --> 00:29:22.950 align:start position:0% some of the details that are in this report 00:29:22.950 --> 00:29:22.960 align:start position:0% report 00:29:22.960 --> 00:29:23.990 align:start position:0% report and 00:29:23.990 --> 00:29:24.000 align:start position:0% and 00:29:24.000 --> 00:29:26.149 align:start position:0% and um 00:29:26.149 --> 00:29:26.159 align:start position:0% um 00:29:26.159 --> 00:29:29.669 align:start position:0% um and<00:29:26.320> it's<00:29:26.640> basically<00:29:27.200> as<00:29:27.600> uh<00:29:28.000> ron<00:29:28.399> pointed<00:29:28.799> out 00:29:29.669 --> 00:29:29.679 align:start position:0% and it's basically as uh ron pointed out 00:29:29.679 --> 00:29:30.950 align:start position:0% and it's basically as uh ron pointed out um 00:29:30.950 --> 00:29:30.960 align:start position:0% um 00:29:30.960 --> 00:29:33.909 align:start position:0% um on<00:29:31.120> page<00:29:31.600> nine<00:29:32.159> it<00:29:32.399> says<00:29:32.880> with<00:29:33.039> regards<00:29:33.520> to<00:29:33.760> the 00:29:33.909 --> 00:29:33.919 align:start position:0% on page nine it says with regards to the 00:29:33.919 --> 00:29:35.190 align:start position:0% on page nine it says with regards to the financial 00:29:35.190 --> 00:29:35.200 align:start position:0% financial 00:29:35.200 --> 00:29:37.430 align:start position:0% financial statement<00:29:35.760> findings<00:29:36.880> and<00:29:36.960> the<00:29:37.120> tax 00:29:37.430 --> 00:29:37.440 align:start position:0% statement findings and the tax 00:29:37.440 --> 00:29:38.950 align:start position:0% statement findings and the tax collections 00:29:38.950 --> 00:29:38.960 align:start position:0% collections 00:29:38.960 --> 00:29:41.510 align:start position:0% collections it's<00:29:39.279> the<00:29:39.679> type<00:29:39.919> of<00:29:40.159> finding<00:29:40.720> a<00:29:40.880> significant 00:29:41.510 --> 00:29:41.520 align:start position:0% it's the type of finding a significant 00:29:41.520 --> 00:29:43.510 align:start position:0% it's the type of finding a significant deficiency<00:29:42.159> and<00:29:42.320> internal<00:29:42.720> control<00:29:43.200> over 00:29:43.510 --> 00:29:43.520 align:start position:0% deficiency and internal control over 00:29:43.520 --> 00:29:46.470 align:start position:0% deficiency and internal control over financial<00:29:43.919> reporting 00:29:46.470 --> 00:29:46.480 align:start position:0% financial reporting 00:29:46.480 --> 00:29:48.630 align:start position:0% financial reporting then<00:29:46.640> i'm<00:29:46.799> going<00:29:46.960> to<00:29:47.120> go<00:29:47.520> to<00:29:47.760> the 00:29:48.630 --> 00:29:48.640 align:start position:0% then i'm going to go to the 00:29:48.640 --> 00:29:50.389 align:start position:0% then i'm going to go to the um 00:29:50.389 --> 00:29:50.399 align:start position:0% um 00:29:50.399 --> 00:29:52.310 align:start position:0% um the<00:29:50.640> cause 00:29:52.310 --> 00:29:52.320 align:start position:0% the cause 00:29:52.320 --> 00:29:54.470 align:start position:0% the cause on<00:29:52.559> page<00:29:52.960> 10 00:29:54.470 --> 00:29:54.480 align:start position:0% on page 10 00:29:54.480 --> 00:29:56.230 align:start position:0% on page 10 again<00:29:54.880> not<00:29:55.120> hitting<00:29:55.520> some<00:29:55.679> of<00:29:55.760> the<00:29:55.919> all<00:29:56.080> of 00:29:56.230 --> 00:29:56.240 align:start position:0% again not hitting some of the all of 00:29:56.240 --> 00:29:59.669 align:start position:0% again not hitting some of the all of this<00:29:56.880> the<00:29:57.039> specifics<00:29:57.679> that<00:29:57.840> are<00:29:58.000> here<00:29:58.720> tonight 00:29:59.669 --> 00:29:59.679 align:start position:0% this the specifics that are here tonight 00:29:59.679 --> 00:30:01.750 align:start position:0% this the specifics that are here tonight the<00:29:59.919> cause<00:30:00.240> is<00:30:00.480> controls<00:30:00.880> within<00:30:01.200> the<00:30:01.440> tax 00:30:01.750 --> 00:30:01.760 align:start position:0% the cause is controls within the tax 00:30:01.760 --> 00:30:03.830 align:start position:0% the cause is controls within the tax department<00:30:02.399> we're<00:30:02.640> either<00:30:03.039> insufficient<00:30:03.679> or 00:30:03.830 --> 00:30:03.840 align:start position:0% department we're either insufficient or 00:30:03.840 --> 00:30:05.590 align:start position:0% department we're either insufficient or the<00:30:04.000> controls<00:30:04.480> were<00:30:04.720> circumvented<00:30:05.360> or 00:30:05.590 --> 00:30:05.600 align:start position:0% the controls were circumvented or 00:30:05.600 --> 00:30:08.470 align:start position:0% the controls were circumvented or overwritten<00:30:06.080> to<00:30:06.320> allow<00:30:06.559> the<00:30:06.720> occurrence<00:30:08.000> of 00:30:08.470 --> 00:30:08.480 align:start position:0% overwritten to allow the occurrence of 00:30:08.480 --> 00:30:10.470 align:start position:0% overwritten to allow the occurrence of above<00:30:08.799> noted<00:30:09.200> items 00:30:10.470 --> 00:30:10.480 align:start position:0% above noted items 00:30:10.480 --> 00:30:12.950 align:start position:0% above noted items their<00:30:10.720> recommendation 00:30:12.950 --> 00:30:12.960 align:start position:0% their recommendation 00:30:12.960 --> 00:30:14.950 align:start position:0% their recommendation is<00:30:13.120> the<00:30:13.279> audit<00:30:13.520> recommendation<00:30:14.559> the 00:30:14.950 --> 00:30:14.960 align:start position:0% is the audit recommendation the 00:30:14.960 --> 00:30:16.950 align:start position:0% is the audit recommendation the auditor's<00:30:15.440> recommendation 00:30:16.950 --> 00:30:16.960 align:start position:0% auditor's recommendation 00:30:16.960 --> 00:30:18.870 align:start position:0% auditor's recommendation is<00:30:17.200> to<00:30:17.520> we<00:30:17.760> recommend 00:30:18.870 --> 00:30:18.880 align:start position:0% is to we recommend 00:30:18.880 --> 00:30:20.310 align:start position:0% is to we recommend and<00:30:19.039> not<00:30:19.200> to<00:30:19.279> put<00:30:19.440> words<00:30:19.679> in<00:30:19.760> him<00:30:19.919> up<00:30:20.000> but<00:30:20.159> this 00:30:20.310 --> 00:30:20.320 align:start position:0% and not to put words in him up but this 00:30:20.320 --> 00:30:22.549 align:start position:0% and not to put words in him up but this is<00:30:20.480> cla<00:30:21.039> correct<00:30:21.600> correct 00:30:22.549 --> 00:30:22.559 align:start position:0% is cla correct correct 00:30:22.559 --> 00:30:24.310 align:start position:0% is cla correct correct we<00:30:22.799> recommend<00:30:23.279> that<00:30:23.440> the<00:30:23.600> town<00:30:23.840> review<00:30:24.159> the 00:30:24.310 --> 00:30:24.320 align:start position:0% we recommend that the town review the 00:30:24.320 --> 00:30:25.909 align:start position:0% we recommend that the town review the procedures<00:30:24.880> in<00:30:25.039> the<00:30:25.120> tax<00:30:25.440> department 00:30:25.909 --> 00:30:25.919 align:start position:0% procedures in the tax department 00:30:25.919 --> 00:30:27.590 align:start position:0% procedures in the tax department specifically<00:30:26.559> the<00:30:26.720> procedures<00:30:27.279> over<00:30:27.440> the 00:30:27.590 --> 00:30:27.600 align:start position:0% specifically the procedures over the 00:30:27.600 --> 00:30:30.070 align:start position:0% specifically the procedures over the collection<00:30:28.000> of<00:30:28.159> taxes<00:30:29.120> the<00:30:29.360> reporting<00:30:29.840> of 00:30:30.070 --> 00:30:30.080 align:start position:0% collection of taxes the reporting of 00:30:30.080 --> 00:30:32.470 align:start position:0% collection of taxes the reporting of unpaid<00:30:30.559> motor<00:30:30.960> vehicles<00:30:31.279> to<00:30:31.440> dmv<00:30:32.240> and<00:30:32.320> the 00:30:32.470 --> 00:30:32.480 align:start position:0% unpaid motor vehicles to dmv and the 00:30:32.480 --> 00:30:34.470 align:start position:0% unpaid motor vehicles to dmv and the record<00:30:32.799> retention<00:30:33.360> policy 00:30:34.470 --> 00:30:34.480 align:start position:0% record retention policy 00:30:34.480 --> 00:30:36.950 align:start position:0% record retention policy these<00:30:34.960> processes<00:30:35.760> and<00:30:35.919> procedures<00:30:36.559> should<00:30:36.720> be 00:30:36.950 --> 00:30:36.960 align:start position:0% these processes and procedures should be 00:30:36.960 --> 00:30:39.350 align:start position:0% these processes and procedures should be formally<00:30:37.440> documented<00:30:38.080> and<00:30:38.240> enhanced<00:30:39.120> to 00:30:39.350 --> 00:30:39.360 align:start position:0% formally documented and enhanced to 00:30:39.360 --> 00:30:41.350 align:start position:0% formally documented and enhanced to ensure<00:30:39.919> compliance<00:30:40.480> with<00:30:40.720> all<00:30:40.960> laws<00:30:41.279> and 00:30:41.350 --> 00:30:41.360 align:start position:0% ensure compliance with all laws and 00:30:41.360 --> 00:30:44.149 align:start position:0% ensure compliance with all laws and regulation 00:30:44.149 --> 00:30:44.159 align:start position:0% 00:30:44.159 --> 00:30:45.029 align:start position:0% and 00:30:45.029 --> 00:30:45.039 align:start position:0% and 00:30:45.039 --> 00:30:47.909 align:start position:0% and then<00:30:45.279> there<00:30:45.520> is<00:30:45.919> a<00:30:46.480> response 00:30:47.909 --> 00:30:47.919 align:start position:0% then there is a response 00:30:47.919 --> 00:30:50.950 align:start position:0% then there is a response from<00:30:48.320> the<00:30:48.640> town's<00:30:49.039> leadership<00:30:50.320> which<00:30:50.640> says<00:30:50.880> in 00:30:50.950 --> 00:30:50.960 align:start position:0% from the town's leadership which says in 00:30:50.960 --> 00:30:52.870 align:start position:0% from the town's leadership which says in the<00:30:51.120> opinion<00:30:51.520> of<00:30:51.600> the<00:30:51.760> town's<00:30:52.159> leadership 00:30:52.870 --> 00:30:52.880 align:start position:0% the opinion of the town's leadership 00:30:52.880 --> 00:30:55.029 align:start position:0% the opinion of the town's leadership town<00:30:53.200> leadership<00:30:54.159> that<00:30:54.320> the<00:30:54.480> presence<00:30:54.880> of<00:30:54.960> an 00:30:55.029 --> 00:30:55.039 align:start position:0% town leadership that the presence of an 00:30:55.039 --> 00:30:57.909 align:start position:0% town leadership that the presence of an elected<00:30:55.679> tax<00:30:56.000> collector<00:30:56.559> is<00:30:56.720> seemingly 00:30:57.909 --> 00:30:57.919 align:start position:0% elected tax collector is seemingly 00:30:57.919 --> 00:30:59.590 align:start position:0% elected tax collector is seemingly acronistic 00:30:59.590 --> 00:30:59.600 align:start position:0% acronistic 00:30:59.600 --> 00:31:02.310 align:start position:0% acronistic given<00:30:59.840> the<00:31:00.000> complexity<00:31:00.799> of<00:31:01.440> today's<00:31:01.919> modern 00:31:02.310 --> 00:31:02.320 align:start position:0% given the complexity of today's modern 00:31:02.320 --> 00:31:04.070 align:start position:0% given the complexity of today's modern tax<00:31:02.640> system<00:31:03.039> laws<00:31:03.440> and<00:31:03.519> compliance 00:31:04.070 --> 00:31:04.080 align:start position:0% tax system laws and compliance 00:31:04.080 --> 00:31:05.830 align:start position:0% tax system laws and compliance requirements<00:31:04.640> as<00:31:04.799> a<00:31:04.880> result<00:31:05.279> the<00:31:05.440> town<00:31:05.679> is 00:31:05.830 --> 00:31:05.840 align:start position:0% requirements as a result the town is 00:31:05.840 --> 00:31:08.310 align:start position:0% requirements as a result the town is contemplating<00:31:06.480> code<00:31:07.200> or<00:31:07.440> charter<00:31:07.760> revisions 00:31:08.310 --> 00:31:08.320 align:start position:0% contemplating code or charter revisions 00:31:08.320 --> 00:31:10.070 align:start position:0% contemplating code or charter revisions to<00:31:08.480> change<00:31:08.720> the<00:31:08.880> position<00:31:09.279> of<00:31:09.440> tax<00:31:09.679> collector 00:31:10.070 --> 00:31:10.080 align:start position:0% to change the position of tax collector 00:31:10.080 --> 00:31:12.149 align:start position:0% to change the position of tax collector to<00:31:10.159> a<00:31:10.240> non-elected<00:31:10.799> position 00:31:12.149 --> 00:31:12.159 align:start position:0% to a non-elected position 00:31:12.159 --> 00:31:13.990 align:start position:0% to a non-elected position again<00:31:12.399> that<00:31:12.640> is<00:31:12.720> not<00:31:12.960> that<00:31:13.360> that<00:31:13.600> is<00:31:13.679> not<00:31:13.840> the 00:31:13.990 --> 00:31:14.000 align:start position:0% again that is not that that is not the 00:31:14.000 --> 00:31:16.310 align:start position:0% again that is not that that is not the position<00:31:14.559> of<00:31:14.720> this<00:31:15.039> board<00:31:15.760> but<00:31:15.919> it<00:31:16.080> is 00:31:16.310 --> 00:31:16.320 align:start position:0% position of this board but it is 00:31:16.320 --> 00:31:19.509 align:start position:0% position of this board but it is included<00:31:16.720> in<00:31:16.880> this<00:31:17.120> audit<00:31:18.240> so 00:31:19.509 --> 00:31:19.519 align:start position:0% included in this audit so 00:31:19.519 --> 00:31:22.149 align:start position:0% included in this audit so my<00:31:19.840> thought<00:31:20.080> for<00:31:20.320> tonight 00:31:22.149 --> 00:31:22.159 align:start position:0% my thought for tonight 00:31:22.159 --> 00:31:26.389 align:start position:0% my thought for tonight is<00:31:22.320> that<00:31:22.960> we<00:31:23.200> would 00:31:26.389 --> 00:31:26.399 align:start position:0% 00:31:26.399 --> 00:31:28.870 align:start position:0% adopt<00:31:27.279> the 00:31:28.870 --> 00:31:28.880 align:start position:0% adopt the 00:31:28.880 --> 00:31:30.710 align:start position:0% adopt the resolution 00:31:30.710 --> 00:31:30.720 align:start position:0% resolution 00:31:30.720 --> 00:31:35.190 align:start position:0% resolution which<00:31:30.960> i've<00:31:31.440> drafted<00:31:32.000> in<00:31:32.240> some<00:31:32.480> rough<00:31:32.880> form 00:31:35.190 --> 00:31:35.200 align:start position:0% which i've drafted in some rough form 00:31:35.200 --> 00:31:37.110 align:start position:0% which i've drafted in some rough form which<00:31:35.760> states 00:31:37.110 --> 00:31:37.120 align:start position:0% which states 00:31:37.120 --> 00:31:39.590 align:start position:0% which states um 00:31:39.590 --> 00:31:39.600 align:start position:0% 00:31:39.600 --> 00:31:41.590 align:start position:0% i<00:31:39.840> propose<00:31:40.320> this<00:31:40.640> resolve<00:31:41.039> that<00:31:41.200> the<00:31:41.279> board<00:31:41.519> of 00:31:41.590 --> 00:31:41.600 align:start position:0% i propose this resolve that the board of 00:31:41.600 --> 00:31:43.750 align:start position:0% i propose this resolve that the board of finance<00:31:42.240> adopts 00:31:43.750 --> 00:31:43.760 align:start position:0% finance adopts 00:31:43.760 --> 00:31:47.430 align:start position:0% finance adopts the<00:31:44.240> fiscal<00:31:44.720> year<00:31:45.360> 6<00:31:45.600> 30<00:31:46.000> 20<00:31:46.399> single<00:31:46.720> audit 00:31:47.430 --> 00:31:47.440 align:start position:0% the fiscal year 6 30 20 single audit 00:31:47.440 --> 00:31:49.830 align:start position:0% the fiscal year 6 30 20 single audit report<00:31:48.240> financial<00:31:48.720> statement<00:31:49.200> findings 00:31:49.830 --> 00:31:49.840 align:start position:0% report financial statement findings 00:31:49.840 --> 00:31:52.070 align:start position:0% report financial statement findings regarding<00:31:50.399> tax<00:31:50.720> collection 00:31:52.070 --> 00:31:52.080 align:start position:0% regarding tax collection 00:31:52.080 --> 00:31:54.149 align:start position:0% regarding tax collection the<00:31:52.240> board<00:31:52.480> of<00:31:52.880> board<00:31:53.120> of<00:31:53.279> finance<00:31:53.760> chairmen 00:31:54.149 --> 00:31:54.159 align:start position:0% the board of board of finance chairmen 00:31:54.159 --> 00:31:56.950 align:start position:0% the board of board of finance chairmen shall<00:31:54.399> confer<00:31:54.880> with<00:31:55.039> the<00:31:55.120> town's<00:31:55.519> auditors 00:31:56.950 --> 00:31:56.960 align:start position:0% shall confer with the town's auditors 00:31:56.960 --> 00:31:59.509 align:start position:0% shall confer with the town's auditors the<00:31:57.200> town<00:31:57.519> council<00:31:58.320> and<00:31:58.480> the<00:31:58.720> town's<00:31:59.039> finance 00:31:59.509 --> 00:31:59.519 align:start position:0% the town council and the town's finance 00:31:59.519 --> 00:32:01.269 align:start position:0% the town council and the town's finance director<00:31:59.919> in<00:32:00.000> order<00:32:00.320> to<00:32:00.559> improve<00:32:00.880> internal 00:32:01.269 --> 00:32:01.279 align:start position:0% director in order to improve internal 00:32:01.279 --> 00:32:03.190 align:start position:0% director in order to improve internal controls<00:32:01.760> within<00:32:02.080> the<00:32:02.240> tax 00:32:03.190 --> 00:32:03.200 align:start position:0% controls within the tax 00:32:03.200 --> 00:32:05.509 align:start position:0% controls within the tax tax<00:32:03.519> department<00:32:04.480> and<00:32:04.640> to<00:32:04.799> recommend<00:32:05.279> other 00:32:05.509 --> 00:32:05.519 align:start position:0% tax department and to recommend other 00:32:05.519 --> 00:32:08.870 align:start position:0% tax department and to recommend other changes<00:32:05.919> or<00:32:06.080> improvements<00:32:06.720> as<00:32:06.880> appropriate 00:32:08.870 --> 00:32:08.880 align:start position:0% changes or improvements as appropriate 00:32:08.880 --> 00:32:12.950 align:start position:0% changes or improvements as appropriate i'll<00:32:09.039> move<00:32:09.279> the<00:32:09.360> resolution 00:32:12.950 --> 00:32:12.960 align:start position:0% 00:32:12.960 --> 00:32:16.630 align:start position:0% motion's<00:32:13.440> been<00:32:13.679> made<00:32:14.000> in<00:32:14.240> seconded 00:32:16.630 --> 00:32:16.640 align:start position:0% motion's been made in seconded 00:32:16.640 --> 00:32:20.630 align:start position:0% motion's been made in seconded discussion 00:32:20.630 --> 00:32:20.640 align:start position:0% 00:32:20.640 --> 00:32:23.029 align:start position:0% please<00:32:20.960> note<00:32:21.200> that<00:32:21.440> uh<00:32:22.080> bob<00:32:22.320> has<00:32:22.640> accused 00:32:23.029 --> 00:32:23.039 align:start position:0% please note that uh bob has accused 00:32:23.039 --> 00:32:25.029 align:start position:0% please note that uh bob has accused himself<00:32:23.360> thank<00:32:23.600> you<00:32:23.760> forever 00:32:25.029 --> 00:32:25.039 align:start position:0% himself thank you forever 00:32:25.039 --> 00:32:27.990 align:start position:0% himself thank you forever any<00:32:25.279> discussion<00:32:25.919> charlie 00:32:27.990 --> 00:32:28.000 align:start position:0% any discussion charlie 00:32:28.000 --> 00:32:29.669 align:start position:0% any discussion charlie these<00:32:28.399> findings 00:32:29.669 --> 00:32:29.679 align:start position:0% these findings 00:32:29.679 --> 00:32:33.909 align:start position:0% these findings have<00:32:29.919> any<00:32:30.240> effect<00:32:30.640> on<00:32:30.799> our<00:32:30.960> foundry 00:32:33.909 --> 00:32:33.919 align:start position:0% 00:32:33.919 --> 00:32:34.870 align:start position:0% do<00:32:34.000> you<00:32:34.159> think 00:32:34.870 --> 00:32:34.880 align:start position:0% do you think 00:32:34.880 --> 00:32:36.470 align:start position:0% do you think no<00:32:35.120> i<00:32:35.279> i<00:32:35.600> don't<00:32:35.760> believe<00:32:36.000> so<00:32:36.159> i<00:32:36.240> think<00:32:36.399> the 00:32:36.470 --> 00:32:36.480 align:start position:0% no i i don't believe so i think the 00:32:36.480 --> 00:32:38.870 align:start position:0% no i i don't believe so i think the operative<00:32:36.880> word<00:32:37.120> that<00:32:37.679> ron<00:32:38.000> used<00:32:38.320> was<00:32:38.640> uh 00:32:38.870 --> 00:32:38.880 align:start position:0% operative word that ron used was uh 00:32:38.880 --> 00:32:40.310 align:start position:0% operative word that ron used was uh materiality 00:32:40.310 --> 00:32:40.320 align:start position:0% materiality 00:32:40.320 --> 00:32:43.110 align:start position:0% materiality uh<00:32:40.960> it<00:32:41.360> would<00:32:41.600> not<00:32:41.760> be 00:32:43.110 --> 00:32:43.120 align:start position:0% uh it would not be 00:32:43.120 --> 00:32:44.789 align:start position:0% uh it would not be out<00:32:43.279> of<00:32:43.360> the<00:32:43.519> realm<00:32:43.840> if<00:32:43.919> they<00:32:44.159> if<00:32:44.320> they<00:32:44.559> ask 00:32:44.789 --> 00:32:44.799 align:start position:0% out of the realm if they if they ask 00:32:44.799 --> 00:32:46.870 align:start position:0% out of the realm if they if they ask about<00:32:45.039> it<00:32:45.200> because<00:32:45.440> they<00:32:46.080> they<00:32:46.320> do<00:32:46.559> see<00:32:46.720> the 00:32:46.870 --> 00:32:46.880 align:start position:0% about it because they they do see the 00:32:46.880 --> 00:32:49.350 align:start position:0% about it because they they do see the audit<00:32:47.679> uh<00:32:48.080> primarily<00:32:48.640> when<00:32:48.799> it<00:32:48.880> relates<00:32:49.200> to 00:32:49.350 --> 00:32:49.360 align:start position:0% audit uh primarily when it relates to 00:32:49.360 --> 00:32:50.870 align:start position:0% audit uh primarily when it relates to the<00:32:49.440> collection<00:32:49.840> of<00:32:49.919> revenue<00:32:50.320> because<00:32:50.640> one<00:32:50.799> of 00:32:50.870 --> 00:32:50.880 align:start position:0% the collection of revenue because one of 00:32:50.880 --> 00:32:52.470 align:start position:0% the collection of revenue because one of the<00:32:51.039> things<00:32:51.279> that<00:32:51.440> they<00:32:51.600> look<00:32:51.760> at 00:32:52.470 --> 00:32:52.480 align:start position:0% the things that they look at 00:32:52.480 --> 00:32:53.990 align:start position:0% the things that they look at is<00:32:52.640> your<00:32:52.880> operations<00:32:53.519> revenue<00:32:53.840> and 00:32:53.990 --> 00:32:54.000 align:start position:0% is your operations revenue and 00:32:54.000 --> 00:32:55.509 align:start position:0% is your operations revenue and expenditures 00:32:55.509 --> 00:32:55.519 align:start position:0% expenditures 00:32:55.519 --> 00:32:57.750 align:start position:0% expenditures fortunately<00:32:56.000> the<00:32:56.159> town<00:32:56.640> uh 00:32:57.750 --> 00:32:57.760 align:start position:0% fortunately the town uh 00:32:57.760 --> 00:32:59.990 align:start position:0% fortunately the town uh has<00:32:58.159> done<00:32:58.399> well<00:32:58.640> in<00:32:58.720> that<00:32:58.960> area<00:32:59.360> as<00:32:59.679> as<00:32:59.840> he's 00:32:59.990 --> 00:33:00.000 align:start position:0% has done well in that area as as he's 00:33:00.000 --> 00:33:01.909 align:start position:0% has done well in that area as as he's pointed<00:33:00.399> out 00:33:01.909 --> 00:33:01.919 align:start position:0% pointed out 00:33:01.919 --> 00:33:04.070 align:start position:0% pointed out so<00:33:02.159> i<00:33:02.480> don't<00:33:02.640> think<00:33:02.880> they<00:33:03.039> will<00:33:03.360> but 00:33:04.070 --> 00:33:04.080 align:start position:0% so i don't think they will but 00:33:04.080 --> 00:33:05.190 align:start position:0% so i don't think they will but uh 00:33:05.190 --> 00:33:05.200 align:start position:0% uh 00:33:05.200 --> 00:33:07.110 align:start position:0% uh you<00:33:05.279> know<00:33:05.679> we<00:33:05.919> anticipate<00:33:06.559> that<00:33:06.720> we<00:33:06.799> could<00:33:06.960> get 00:33:07.110 --> 00:33:07.120 align:start position:0% you know we anticipate that we could get 00:33:07.120 --> 00:33:10.789 align:start position:0% you know we anticipate that we could get a<00:33:07.279> question 00:33:10.789 --> 00:33:10.799 align:start position:0% 00:33:10.799 --> 00:33:15.029 align:start position:0% other<00:33:11.200> questions 00:33:15.029 --> 00:33:15.039 align:start position:0% 00:33:15.039 --> 00:33:16.389 align:start position:0% motions<00:33:15.360> we've<00:33:15.519> made<00:33:15.679> at<00:33:15.840> second<00:33:16.080> at<00:33:16.240> all<00:33:16.320> in 00:33:16.389 --> 00:33:16.399 align:start position:0% motions we've made at second at all in 00:33:16.399 --> 00:33:20.230 align:start position:0% motions we've made at second at all in favor<00:33:16.960> hi<00:33:17.360> hi<00:33:17.760> hi 00:33:20.230 --> 00:33:20.240 align:start position:0% 00:33:20.240 --> 00:33:21.990 align:start position:0% okay<00:33:21.039> uh 00:33:21.990 --> 00:33:22.000 align:start position:0% okay uh 00:33:22.000 --> 00:33:23.909 align:start position:0% okay uh is<00:33:22.159> there<00:33:22.480> anything<00:33:22.880> else<00:33:23.120> you'd<00:33:23.360> like<00:33:23.600> to 00:33:23.909 --> 00:33:23.919 align:start position:0% is there anything else you'd like to 00:33:23.919 --> 00:33:27.350 align:start position:0% is there anything else you'd like to express<00:33:24.799> no<00:33:25.279> just<00:33:25.600> again<00:33:26.320> any<00:33:26.559> questions<00:33:27.200> i'm 00:33:27.350 --> 00:33:27.360 align:start position:0% express no just again any questions i'm 00:33:27.360 --> 00:33:29.430 align:start position:0% express no just again any questions i'm more<00:33:27.600> than<00:33:27.679> happy<00:33:27.919> to<00:33:28.000> address<00:33:28.399> it<00:33:28.799> okay<00:33:29.279> thank 00:33:29.430 --> 00:33:29.440 align:start position:0% more than happy to address it okay thank 00:33:29.440 --> 00:33:36.470 align:start position:0% more than happy to address it okay thank you<00:33:29.919> thank<00:33:30.080> you<00:33:30.399> appreciate<00:33:30.880> it 00:33:36.470 --> 00:33:36.480 align:start position:0% 00:33:36.480 --> 00:33:40.389 align:start position:0% okay<00:33:37.039> next<00:33:38.000> on<00:33:38.159> the<00:33:38.240> agenda<00:33:39.120> is 00:33:40.389 --> 00:33:40.399 align:start position:0% okay next on the agenda is 00:33:40.399 --> 00:33:44.389 align:start position:0% okay next on the agenda is to<00:33:40.640> consider 00:33:44.389 --> 00:33:44.399 align:start position:0% 00:33:44.399 --> 00:33:47.110 align:start position:0% and<00:33:44.640> if<00:33:44.799> appropriate<00:33:46.000> approve<00:33:46.399> a<00:33:46.480> request 00:33:47.110 --> 00:33:47.120 align:start position:0% and if appropriate approve a request 00:33:47.120 --> 00:33:49.590 align:start position:0% and if appropriate approve a request from<00:33:47.440> the<00:33:48.080> sustainability<00:33:49.039> compliance 00:33:49.590 --> 00:33:49.600 align:start position:0% from the sustainability compliance 00:33:49.600 --> 00:33:50.950 align:start position:0% from the sustainability compliance manager<00:33:50.000> for<00:33:50.159> the<00:33:50.240> following<00:33:50.640> budget 00:33:50.950 --> 00:33:50.960 align:start position:0% manager for the following budget 00:33:50.960 --> 00:33:54.070 align:start position:0% manager for the following budget transfer<00:33:51.360> for<00:33:51.519> the<00:33:51.600> current<00:33:51.840> fiscal<00:33:52.240> year 00:33:54.070 --> 00:33:54.080 align:start position:0% transfer for the current fiscal year 00:33:54.080 --> 00:33:57.669 align:start position:0% transfer for the current fiscal year from<00:33:54.320> contingency<00:33:55.120> 56<00:33:55.919> 000<00:33:56.720> into<00:33:57.039> consulting 00:33:57.669 --> 00:33:57.679 align:start position:0% from contingency 56 000 into consulting 00:33:57.679 --> 00:34:00.630 align:start position:0% from contingency 56 000 into consulting services<00:33:58.559> 56<00:33:59.279> 000. 00:34:00.630 --> 00:34:00.640 align:start position:0% services 56 000. 00:34:00.640 --> 00:34:02.870 align:start position:0% services 56 000. jim<00:34:00.880> what's<00:34:01.200> our<00:34:01.600> contingency<00:34:02.320> budget<00:34:02.720> at 00:34:02.870 --> 00:34:02.880 align:start position:0% jim what's our contingency budget at 00:34:02.880 --> 00:34:05.020 align:start position:0% jim what's our contingency budget at this<00:34:03.039> time 00:34:05.020 --> 00:34:05.030 align:start position:0% this time 00:34:05.030 --> 00:34:09.990 align:start position:0% this time [Music] 00:34:09.990 --> 00:34:10.000 align:start position:0% 00:34:10.000 --> 00:34:12.389 align:start position:0% with<00:34:10.159> the<00:34:10.320> items<00:34:10.639> on<00:34:10.800> tonight's<00:34:11.280> agenda<00:34:11.760> if 00:34:12.389 --> 00:34:12.399 align:start position:0% with the items on tonight's agenda if 00:34:12.399 --> 00:34:14.629 align:start position:0% with the items on tonight's agenda if this<00:34:12.879> and<00:34:13.119> the<00:34:13.280> other<00:34:13.520> contingency<00:34:14.159> transfer 00:34:14.629 --> 00:34:14.639 align:start position:0% this and the other contingency transfer 00:34:14.639 --> 00:34:17.669 align:start position:0% this and the other contingency transfer were<00:34:14.800> to<00:34:14.879> be<00:34:15.040> approved<00:34:15.440> it<00:34:15.520> would<00:34:15.679> be<00:34:15.839> 7.79 00:34:17.669 --> 00:34:17.679 align:start position:0% were to be approved it would be 7.79 00:34:17.679 --> 00:34:22.149 align:start position:0% were to be approved it would be 7.79 uh<00:34:18.000> i'm<00:34:18.159> sorry<00:34:18.639> 7<00:34:19.040> 16<00:34:19.599> 892. 00:34:22.149 --> 00:34:22.159 align:start position:0% uh i'm sorry 7 16 892. 00:34:22.159 --> 00:34:27.430 align:start position:0% uh i'm sorry 7 16 892. 768.<00:34:23.520> 716<00:34:24.480> 892. 00:34:27.430 --> 00:34:27.440 align:start position:0% 00:34:27.440 --> 00:34:29.109 align:start position:0% thanks 00:34:29.109 --> 00:34:29.119 align:start position:0% thanks 00:34:29.119 --> 00:34:31.750 align:start position:0% thanks okay<00:34:29.919> um 00:34:31.750 --> 00:34:31.760 align:start position:0% okay um 00:34:31.760 --> 00:34:33.750 align:start position:0% okay um diane<00:34:32.159> how<00:34:32.320> are<00:34:32.399> you<00:34:32.720> i'm<00:34:32.960> fine<00:34:33.280> thank<00:34:33.440> you<00:34:33.599> how 00:34:33.750 --> 00:34:33.760 align:start position:0% diane how are you i'm fine thank you how 00:34:33.760 --> 00:34:36.230 align:start position:0% diane how are you i'm fine thank you how are<00:34:33.839> you<00:34:34.240> good<00:34:34.480> good<00:34:34.720> thanks 00:34:36.230 --> 00:34:36.240 align:start position:0% are you good good thanks 00:34:36.240 --> 00:34:37.990 align:start position:0% are you good good thanks um 00:34:37.990 --> 00:34:38.000 align:start position:0% um 00:34:38.000 --> 00:34:41.349 align:start position:0% um diana<00:34:38.720> so<00:34:39.359> um<00:34:39.919> we<00:34:40.159> did<00:34:40.399> receive<00:34:40.800> your<00:34:41.119> letter 00:34:41.349 --> 00:34:41.359 align:start position:0% diana so um we did receive your letter 00:34:41.359 --> 00:34:42.629 align:start position:0% diana so um we did receive your letter would<00:34:41.520> you<00:34:41.679> like<00:34:41.839> to 00:34:42.629 --> 00:34:42.639 align:start position:0% would you like to 00:34:42.639 --> 00:34:45.109 align:start position:0% would you like to hit<00:34:42.960> the<00:34:43.200> highlights<00:34:43.839> of<00:34:44.000> this<00:34:44.320> and<00:34:44.800> where 00:34:45.109 --> 00:34:45.119 align:start position:0% hit the highlights of this and where 00:34:45.119 --> 00:34:47.349 align:start position:0% hit the highlights of this and where this<00:34:45.359> is<00:34:45.440> taking<00:34:45.839> us 00:34:47.349 --> 00:34:47.359 align:start position:0% this is taking us 00:34:47.359 --> 00:34:49.190 align:start position:0% this is taking us um<00:34:47.760> also<00:34:48.159> i<00:34:48.480> i 00:34:49.190 --> 00:34:49.200 align:start position:0% um also i i 00:34:49.200 --> 00:34:51.030 align:start position:0% um also i i handed<00:34:49.599> out<00:34:49.919> or<00:34:50.079> sorry<00:34:50.320> at<00:34:50.399> least<00:34:50.639> i<00:34:50.720> handed 00:34:51.030 --> 00:34:51.040 align:start position:0% handed out or sorry at least i handed 00:34:51.040 --> 00:34:53.669 align:start position:0% handed out or sorry at least i handed out<00:34:51.200> on<00:34:51.280> my<00:34:51.440> behalf<00:34:52.320> um<00:34:52.800> just<00:34:53.440> two 00:34:53.669 --> 00:34:53.679 align:start position:0% out on my behalf um just two 00:34:53.679 --> 00:34:55.750 align:start position:0% out on my behalf um just two spreadsheets<00:34:54.320> that<00:34:54.399> i<00:34:54.639> wanted<00:34:54.879> to<00:34:55.119> share<00:34:55.520> with 00:34:55.750 --> 00:34:55.760 align:start position:0% spreadsheets that i wanted to share with 00:34:55.760 --> 00:34:57.510 align:start position:0% spreadsheets that i wanted to share with the<00:34:55.919> board<00:34:56.240> to<00:34:56.399> sort<00:34:56.639> of<00:34:56.800> set<00:34:57.040> a<00:34:57.119> little 00:34:57.510 --> 00:34:57.520 align:start position:0% the board to sort of set a little 00:34:57.520 --> 00:34:58.950 align:start position:0% the board to sort of set a little context 00:34:58.950 --> 00:34:58.960 align:start position:0% context 00:34:58.960 --> 00:35:01.109 align:start position:0% context um<00:34:59.440> because<00:34:59.920> i<00:35:00.160> i<00:35:00.240> don't<00:35:00.400> know<00:35:00.560> how<00:35:00.720> familiar 00:35:01.109 --> 00:35:01.119 align:start position:0% um because i i don't know how familiar 00:35:01.119 --> 00:35:03.510 align:start position:0% um because i i don't know how familiar everybody<00:35:01.599> is<00:35:01.680> with<00:35:01.839> the<00:35:02.000> solid<00:35:02.320> waste<00:35:02.720> budget 00:35:03.510 --> 00:35:03.520 align:start position:0% everybody is with the solid waste budget 00:35:03.520 --> 00:35:07.030 align:start position:0% everybody is with the solid waste budget it<00:35:03.680> is<00:35:03.839> definitely<00:35:04.480> a<00:35:04.880> large<00:35:05.839> broad-reaching 00:35:07.030 --> 00:35:07.040 align:start position:0% it is definitely a large broad-reaching 00:35:07.040 --> 00:35:08.630 align:start position:0% it is definitely a large broad-reaching budget<00:35:07.440> and<00:35:07.520> department 00:35:08.630 --> 00:35:08.640 align:start position:0% budget and department 00:35:08.640 --> 00:35:09.750 align:start position:0% budget and department um 00:35:09.750 --> 00:35:09.760 align:start position:0% um 00:35:09.760 --> 00:35:11.750 align:start position:0% um and<00:35:10.000> probably<00:35:10.400> not<00:35:10.560> the<00:35:10.720> most<00:35:10.960> glamorous<00:35:11.520> one 00:35:11.750 --> 00:35:11.760 align:start position:0% and probably not the most glamorous one 00:35:11.760 --> 00:35:14.150 align:start position:0% and probably not the most glamorous one to<00:35:11.920> follow<00:35:12.800> uh<00:35:13.119> so<00:35:13.359> i<00:35:13.440> thought<00:35:13.680> i'd<00:35:13.839> provide 00:35:14.150 --> 00:35:14.160 align:start position:0% to follow uh so i thought i'd provide 00:35:14.160 --> 00:35:16.150 align:start position:0% to follow uh so i thought i'd provide this<00:35:14.320> just<00:35:14.480> so<00:35:14.640> we<00:35:14.720> have<00:35:14.880> a<00:35:14.880> little<00:35:15.119> background 00:35:16.150 --> 00:35:16.160 align:start position:0% this just so we have a little background 00:35:16.160 --> 00:35:17.030 align:start position:0% this just so we have a little background um 00:35:17.030 --> 00:35:17.040 align:start position:0% um 00:35:17.040 --> 00:35:18.069 align:start position:0% um the 00:35:18.069 --> 00:35:18.079 align:start position:0% the 00:35:18.079 --> 00:35:21.510 align:start position:0% the the<00:35:18.240> bigger<00:35:18.480> one<00:35:18.720> that<00:35:18.880> you're<00:35:19.040> seeing<00:35:19.359> here 00:35:21.510 --> 00:35:21.520 align:start position:0% the bigger one that you're seeing here 00:35:21.520 --> 00:35:23.109 align:start position:0% the bigger one that you're seeing here i'm<00:35:21.839> sorry<00:35:22.079> everybody<00:35:22.400> else<00:35:22.560> does<00:35:22.720> not<00:35:22.880> have 00:35:23.109 --> 00:35:23.119 align:start position:0% i'm sorry everybody else does not have 00:35:23.119 --> 00:35:25.270 align:start position:0% i'm sorry everybody else does not have that<00:35:23.760> uh<00:35:24.079> these<00:35:24.320> are<00:35:24.480> all<00:35:24.640> different 00:35:25.270 --> 00:35:25.280 align:start position:0% that uh these are all different 00:35:25.280 --> 00:35:27.990 align:start position:0% that uh these are all different recycling<00:35:25.920> revenue<00:35:26.400> streams<00:35:27.200> and<00:35:27.760> the 00:35:27.990 --> 00:35:28.000 align:start position:0% recycling revenue streams and the 00:35:28.000 --> 00:35:30.550 align:start position:0% recycling revenue streams and the credits<00:35:28.480> that<00:35:28.640> the<00:35:28.800> town<00:35:29.119> has<00:35:29.359> earned 00:35:30.550 --> 00:35:30.560 align:start position:0% credits that the town has earned 00:35:30.560 --> 00:35:33.589 align:start position:0% credits that the town has earned uh<00:35:30.800> from<00:35:31.040> these<00:35:31.200> recyclables<00:35:32.079> over<00:35:32.640> the<00:35:32.800> past 00:35:33.589 --> 00:35:33.599 align:start position:0% uh from these recyclables over the past 00:35:33.599 --> 00:35:35.910 align:start position:0% uh from these recyclables over the past i<00:35:33.760> don't<00:35:33.839> know<00:35:34.079> 10<00:35:34.320> years<00:35:34.640> or<00:35:34.800> so 00:35:35.910 --> 00:35:35.920 align:start position:0% i don't know 10 years or so 00:35:35.920 --> 00:35:37.910 align:start position:0% i don't know 10 years or so so<00:35:36.400> the<00:35:36.560> recyclables<00:35:37.200> that<00:35:37.359> you<00:35:37.440> put<00:35:37.680> out<00:35:37.839> at 00:35:37.910 --> 00:35:37.920 align:start position:0% so the recyclables that you put out at 00:35:37.920 --> 00:35:41.030 align:start position:0% so the recyclables that you put out at your<00:35:38.079> curb<00:35:38.720> you<00:35:39.040> take<00:35:39.520> time<00:35:39.839> to<00:35:40.079> wash 00:35:41.030 --> 00:35:41.040 align:start position:0% your curb you take time to wash 00:35:41.040 --> 00:35:43.109 align:start position:0% your curb you take time to wash and<00:35:41.440> dry<00:35:41.760> hopefully<00:35:42.000> you<00:35:42.160> dry<00:35:42.320> them<00:35:42.720> and<00:35:42.880> put 00:35:43.109 --> 00:35:43.119 align:start position:0% and dry hopefully you dry them and put 00:35:43.119 --> 00:35:45.750 align:start position:0% and dry hopefully you dry them and put them<00:35:43.280> out<00:35:43.440> at<00:35:43.520> your<00:35:43.760> curb<00:35:44.160> sorted<00:35:44.880> uh<00:35:45.280> then<00:35:45.520> get 00:35:45.750 --> 00:35:45.760 align:start position:0% them out at your curb sorted uh then get 00:35:45.760 --> 00:35:46.870 align:start position:0% them out at your curb sorted uh then get collected 00:35:46.870 --> 00:35:46.880 align:start position:0% collected 00:35:46.880 --> 00:35:48.950 align:start position:0% collected and<00:35:47.520> uh<00:35:47.920> processed<00:35:48.400> brought<00:35:48.560> back<00:35:48.800> to<00:35:48.880> the 00:35:48.950 --> 00:35:48.960 align:start position:0% and uh processed brought back to the 00:35:48.960 --> 00:35:51.030 align:start position:0% and uh processed brought back to the transfer<00:35:49.359> station<00:35:50.000> and<00:35:50.160> eventually<00:35:50.560> sold<00:35:50.880> off 00:35:51.030 --> 00:35:51.040 align:start position:0% transfer station and eventually sold off 00:35:51.040 --> 00:35:53.270 align:start position:0% transfer station and eventually sold off on<00:35:51.200> the<00:35:51.280> market<00:35:52.079> right<00:35:52.320> so<00:35:52.480> that<00:35:52.640> has<00:35:52.800> been<00:35:53.040> a 00:35:53.270 --> 00:35:53.280 align:start position:0% on the market right so that has been a 00:35:53.280 --> 00:35:55.190 align:start position:0% on the market right so that has been a that's<00:35:53.520> been<00:35:53.680> a<00:35:53.760> revenue<00:35:54.160> stream 00:35:55.190 --> 00:35:55.200 align:start position:0% that's been a revenue stream 00:35:55.200 --> 00:35:57.030 align:start position:0% that's been a revenue stream for<00:35:55.359> the<00:35:55.520> town<00:35:55.920> and<00:35:56.400> various<00:35:56.800> different 00:35:57.030 --> 00:35:57.040 align:start position:0% for the town and various different 00:35:57.040 --> 00:35:59.349 align:start position:0% for the town and various different recycling<00:35:57.520> markets<00:35:58.320> appear<00:35:58.720> and<00:35:58.880> disappear 00:35:59.349 --> 00:35:59.359 align:start position:0% recycling markets appear and disappear 00:35:59.359 --> 00:36:00.630 align:start position:0% recycling markets appear and disappear over<00:35:59.599> time<00:35:59.839> and<00:35:59.920> that's<00:36:00.079> sort<00:36:00.320> of<00:36:00.400> what<00:36:00.480> we're 00:36:00.630 --> 00:36:00.640 align:start position:0% over time and that's sort of what we're 00:36:00.640 --> 00:36:01.910 align:start position:0% over time and that's sort of what we're looking<00:36:00.880> at<00:36:01.040> here 00:36:01.910 --> 00:36:01.920 align:start position:0% looking at here 00:36:01.920 --> 00:36:03.349 align:start position:0% looking at here um 00:36:03.349 --> 00:36:03.359 align:start position:0% um 00:36:03.359 --> 00:36:05.670 align:start position:0% um at<00:36:03.520> the<00:36:03.760> high<00:36:04.079> points<00:36:04.880> we<00:36:05.040> were<00:36:05.200> seeing 00:36:05.670 --> 00:36:05.680 align:start position:0% at the high points we were seeing 00:36:05.680 --> 00:36:10.550 align:start position:0% at the high points we were seeing anywhere<00:36:06.160> from<00:36:06.720> 120<00:36:07.760> to<00:36:07.920> 140<00:36:08.800> 000<00:36:09.520> a<00:36:09.680> year<00:36:10.400> in 00:36:10.550 --> 00:36:10.560 align:start position:0% anywhere from 120 to 140 000 a year in 00:36:10.560 --> 00:36:12.790 align:start position:0% anywhere from 120 to 140 000 a year in recyclable<00:36:11.280> credits 00:36:12.790 --> 00:36:12.800 align:start position:0% recyclable credits 00:36:12.800 --> 00:36:15.430 align:start position:0% recyclable credits so<00:36:12.960> that's<00:36:13.280> one<00:36:13.520> piece<00:36:13.920> of<00:36:14.079> the 00:36:15.430 --> 00:36:15.440 align:start position:0% so that's one piece of the 00:36:15.440 --> 00:36:17.910 align:start position:0% so that's one piece of the solid<00:36:15.920> waste<00:36:16.320> and<00:36:16.400> recycling<00:36:17.040> pie 00:36:17.910 --> 00:36:17.920 align:start position:0% solid waste and recycling pie 00:36:17.920 --> 00:36:19.510 align:start position:0% solid waste and recycling pie the<00:36:18.079> other<00:36:18.320> one<00:36:18.480> i<00:36:18.640> just<00:36:18.720> want<00:36:18.880> to<00:36:19.119> bring<00:36:19.359> your 00:36:19.510 --> 00:36:19.520 align:start position:0% the other one i just want to bring your 00:36:19.520 --> 00:36:21.510 align:start position:0% the other one i just want to bring your attention<00:36:20.000> to<00:36:20.240> is<00:36:20.400> the<00:36:20.560> other<00:36:20.960> spreadsheet 00:36:21.510 --> 00:36:21.520 align:start position:0% attention to is the other spreadsheet 00:36:21.520 --> 00:36:23.589 align:start position:0% attention to is the other spreadsheet i've<00:36:21.680> provided 00:36:23.589 --> 00:36:23.599 align:start position:0% i've provided 00:36:23.599 --> 00:36:25.430 align:start position:0% i've provided and<00:36:23.760> this<00:36:23.920> one<00:36:24.079> looks<00:36:24.320> at<00:36:24.480> just<00:36:24.800> more<00:36:24.960> of<00:36:25.119> a 00:36:25.430 --> 00:36:25.440 align:start position:0% and this one looks at just more of a 00:36:25.440 --> 00:36:27.910 align:start position:0% and this one looks at just more of a closer<00:36:25.760> snapshot<00:36:26.320> about<00:36:26.560> six<00:36:26.800> or<00:36:26.880> seven<00:36:27.200> years 00:36:27.910 --> 00:36:27.920 align:start position:0% closer snapshot about six or seven years 00:36:27.920 --> 00:36:30.150 align:start position:0% closer snapshot about six or seven years so<00:36:28.079> it's<00:36:28.240> got<00:36:28.400> the<00:36:28.800> the<00:36:29.440> the<00:36:29.599> recycling 00:36:30.150 --> 00:36:30.160 align:start position:0% so it's got the the the recycling 00:36:30.160 --> 00:36:33.030 align:start position:0% so it's got the the the recycling credits<00:36:30.480> on<00:36:30.720> one<00:36:30.960> end<00:36:31.280> which<00:36:31.920> you<00:36:32.000> know<00:36:32.160> 2016 00:36:33.030 --> 00:36:33.040 align:start position:0% credits on one end which you know 2016 00:36:33.040 --> 00:36:35.430 align:start position:0% credits on one end which you know 2016 17<00:36:33.520> 18<00:36:34.000> we're<00:36:34.160> looking<00:36:34.480> at<00:36:34.800> you<00:36:34.960> know<00:36:35.119> some 00:36:35.430 --> 00:36:35.440 align:start position:0% 17 18 we're looking at you know some 00:36:35.440 --> 00:36:38.150 align:start position:0% 17 18 we're looking at you know some solid<00:36:35.920> numbers<00:36:36.320> that<00:36:36.400> look<00:36:36.640> good<00:36:37.359> um<00:36:37.839> and<00:36:37.920> then 00:36:38.150 --> 00:36:38.160 align:start position:0% solid numbers that look good um and then 00:36:38.160 --> 00:36:40.790 align:start position:0% solid numbers that look good um and then also<00:36:38.400> the<00:36:38.720> the<00:36:38.880> cost<00:36:39.200> of<00:36:39.839> disposing<00:36:40.640> of 00:36:40.790 --> 00:36:40.800 align:start position:0% also the the cost of disposing of 00:36:40.800 --> 00:36:43.910 align:start position:0% also the the cost of disposing of recyclables<00:36:41.599> so<00:36:41.920> when<00:36:42.079> the<00:36:42.160> markets<00:36:42.560> fall<00:36:42.880> out 00:36:43.910 --> 00:36:43.920 align:start position:0% recyclables so when the markets fall out 00:36:43.920 --> 00:36:46.390 align:start position:0% recyclables so when the markets fall out uh<00:36:44.160> when<00:36:44.320> they<00:36:44.480> no<00:36:44.640> longer<00:36:45.040> want<00:36:45.440> our<00:36:45.760> plastic 00:36:46.390 --> 00:36:46.400 align:start position:0% uh when they no longer want our plastic 00:36:46.400 --> 00:36:50.069 align:start position:0% uh when they no longer want our plastic or<00:36:46.560> our<00:36:46.800> glass<00:36:47.599> or<00:36:47.839> our<00:36:48.079> cardboard<00:36:49.119> um<00:36:49.599> it<00:36:49.839> goes 00:36:50.069 --> 00:36:50.079 align:start position:0% or our glass or our cardboard um it goes 00:36:50.079 --> 00:36:53.030 align:start position:0% or our glass or our cardboard um it goes from<00:36:50.240> a<00:36:50.320> revenue<00:36:50.960> to<00:36:51.119> being<00:36:51.440> a<00:36:51.599> cost<00:36:52.480> a<00:36:52.640> burden 00:36:53.030 --> 00:36:53.040 align:start position:0% from a revenue to being a cost a burden 00:36:53.040 --> 00:36:55.910 align:start position:0% from a revenue to being a cost a burden of<00:36:53.119> the<00:36:53.280> town<00:36:54.160> um<00:36:54.480> and<00:36:54.640> so<00:36:55.119> you're<00:36:55.280> looking<00:36:55.599> at 00:36:55.910 --> 00:36:55.920 align:start position:0% of the town um and so you're looking at 00:36:55.920 --> 00:36:57.910 align:start position:0% of the town um and so you're looking at the<00:36:56.320> the<00:36:56.480> same<00:36:56.880> you<00:36:57.040> know<00:36:57.119> six<00:36:57.359> to<00:36:57.440> seven<00:36:57.680> years 00:36:57.910 --> 00:36:57.920 align:start position:0% the the same you know six to seven years 00:36:57.920 --> 00:36:59.430 align:start position:0% the the same you know six to seven years back<00:36:58.160> to<00:36:58.240> back<00:36:58.560> here 00:36:59.430 --> 00:36:59.440 align:start position:0% back to back here 00:36:59.440 --> 00:37:02.310 align:start position:0% back to back here and<00:36:59.920> and<00:37:00.320> there's<00:37:00.560> been<00:37:00.720> a<00:37:00.880> huge<00:37:01.359> increase<00:37:02.240> in 00:37:02.310 --> 00:37:02.320 align:start position:0% and and there's been a huge increase in 00:37:02.320 --> 00:37:04.710 align:start position:0% and and there's been a huge increase in the<00:37:02.480> cost<00:37:02.880> over<00:37:03.040> the<00:37:03.119> past<00:37:03.440> four<00:37:03.760> years 00:37:04.710 --> 00:37:04.720 align:start position:0% the cost over the past four years 00:37:04.720 --> 00:37:06.069 align:start position:0% the cost over the past four years of<00:37:04.880> having<00:37:05.119> to<00:37:05.280> dispose<00:37:05.760> of<00:37:05.920> these 00:37:06.069 --> 00:37:06.079 align:start position:0% of having to dispose of these 00:37:06.079 --> 00:37:07.430 align:start position:0% of having to dispose of these recyclables<00:37:06.720> where<00:37:06.880> the<00:37:06.960> markets<00:37:07.359> have 00:37:07.430 --> 00:37:07.440 align:start position:0% recyclables where the markets have 00:37:07.440 --> 00:37:08.630 align:start position:0% recyclables where the markets have dropped<00:37:07.760> out 00:37:08.630 --> 00:37:08.640 align:start position:0% dropped out 00:37:08.640 --> 00:37:10.150 align:start position:0% dropped out and<00:37:08.800> there's<00:37:09.040> a<00:37:09.119> variety<00:37:09.520> of<00:37:09.599> reasons<00:37:10.000> for 00:37:10.150 --> 00:37:10.160 align:start position:0% and there's a variety of reasons for 00:37:10.160 --> 00:37:11.030 align:start position:0% and there's a variety of reasons for that 00:37:11.030 --> 00:37:11.040 align:start position:0% that 00:37:11.040 --> 00:37:12.790 align:start position:0% that um<00:37:11.440> where<00:37:11.760> at<00:37:11.839> least<00:37:12.000> we<00:37:12.160> can<00:37:12.320> assume<00:37:12.640> there's 00:37:12.790 --> 00:37:12.800 align:start position:0% um where at least we can assume there's 00:37:12.800 --> 00:37:15.349 align:start position:0% um where at least we can assume there's a<00:37:12.880> variety<00:37:13.119> of<00:37:13.280> reasons<00:37:13.599> for<00:37:13.760> that<00:37:14.400> one<00:37:14.640> being 00:37:15.349 --> 00:37:15.359 align:start position:0% a variety of reasons for that one being 00:37:15.359 --> 00:37:17.030 align:start position:0% a variety of reasons for that one being there<00:37:15.520> was<00:37:16.160> something<00:37:16.400> called<00:37:16.560> the<00:37:16.720> china 00:37:17.030 --> 00:37:17.040 align:start position:0% there was something called the china 00:37:17.040 --> 00:37:18.870 align:start position:0% there was something called the china sword<00:37:17.359> where<00:37:17.520> china<00:37:17.920> just<00:37:18.079> sort<00:37:18.240> of<00:37:18.320> decided 00:37:18.870 --> 00:37:18.880 align:start position:0% sword where china just sort of decided 00:37:18.880 --> 00:37:21.270 align:start position:0% sword where china just sort of decided okay<00:37:19.599> i'm<00:37:19.839> cutting<00:37:20.160> off<00:37:20.320> all<00:37:20.560> recycling<00:37:21.040> ties 00:37:21.270 --> 00:37:21.280 align:start position:0% okay i'm cutting off all recycling ties 00:37:21.280 --> 00:37:22.630 align:start position:0% okay i'm cutting off all recycling ties with<00:37:21.440> the<00:37:21.440> united<00:37:21.760> states<00:37:22.079> i<00:37:22.240> don't<00:37:22.320> want<00:37:22.480> your 00:37:22.630 --> 00:37:22.640 align:start position:0% with the united states i don't want your 00:37:22.640 --> 00:37:24.790 align:start position:0% with the united states i don't want your material<00:37:23.599> and<00:37:23.680> they<00:37:23.839> stopped<00:37:24.079> buying<00:37:24.400> it<00:37:24.560> from 00:37:24.790 --> 00:37:24.800 align:start position:0% material and they stopped buying it from 00:37:24.800 --> 00:37:25.510 align:start position:0% material and they stopped buying it from us 00:37:25.510 --> 00:37:25.520 align:start position:0% us 00:37:25.520 --> 00:37:27.270 align:start position:0% us and<00:37:25.839> they<00:37:26.000> were<00:37:26.160> the<00:37:26.240> ones<00:37:26.480> who<00:37:26.800> really<00:37:27.119> were 00:37:27.270 --> 00:37:27.280 align:start position:0% and they were the ones who really were 00:37:27.280 --> 00:37:30.150 align:start position:0% and they were the ones who really were pushing<00:37:28.079> single<00:37:28.400> stream<00:37:28.880> right<00:37:29.520> while<00:37:29.920> most 00:37:30.150 --> 00:37:30.160 align:start position:0% pushing single stream right while most 00:37:30.160 --> 00:37:31.910 align:start position:0% pushing single stream right while most towns<00:37:30.400> went<00:37:30.560> to<00:37:30.720> single<00:37:31.040> stream<00:37:31.359> branford 00:37:31.910 --> 00:37:31.920 align:start position:0% towns went to single stream branford 00:37:31.920 --> 00:37:33.349 align:start position:0% towns went to single stream branford stayed 00:37:33.349 --> 00:37:33.359 align:start position:0% stayed 00:37:33.359 --> 00:37:36.310 align:start position:0% stayed very<00:37:33.599> strategically<00:37:34.480> at<00:37:34.720> assorted<00:37:35.359> recycling 00:37:36.310 --> 00:37:36.320 align:start position:0% very strategically at assorted recycling 00:37:36.320 --> 00:37:37.589 align:start position:0% very strategically at assorted recycling program 00:37:37.589 --> 00:37:37.599 align:start position:0% program 00:37:37.599 --> 00:37:39.270 align:start position:0% program and<00:37:37.680> that's<00:37:38.000> really<00:37:38.320> benefited<00:37:38.800> the<00:37:38.960> town 00:37:39.270 --> 00:37:39.280 align:start position:0% and that's really benefited the town 00:37:39.280 --> 00:37:41.670 align:start position:0% and that's really benefited the town financially<00:37:39.920> believe<00:37:40.160> it<00:37:40.320> or<00:37:40.400> not<00:37:41.040> um<00:37:41.520> the 00:37:41.670 --> 00:37:41.680 align:start position:0% financially believe it or not um the 00:37:41.680 --> 00:37:43.589 align:start position:0% financially believe it or not um the cost<00:37:42.000> that<00:37:42.160> we<00:37:42.320> pay<00:37:42.560> right<00:37:42.720> now<00:37:42.880> for<00:37:43.040> disposing 00:37:43.589 --> 00:37:43.599 align:start position:0% cost that we pay right now for disposing 00:37:43.599 --> 00:37:46.230 align:start position:0% cost that we pay right now for disposing of<00:37:43.680> recycling<00:37:44.320> and<00:37:44.560> and<00:37:44.720> waste<00:37:45.599> is<00:37:45.760> a<00:37:45.839> lot<00:37:46.000> less 00:37:46.230 --> 00:37:46.240 align:start position:0% of recycling and and waste is a lot less 00:37:46.240 --> 00:37:48.230 align:start position:0% of recycling and and waste is a lot less than<00:37:46.320> what<00:37:46.480> a<00:37:46.560> lot<00:37:46.720> of<00:37:46.880> other<00:37:47.040> towns<00:37:47.440> pay<00:37:47.680> for 00:37:48.230 --> 00:37:48.240 align:start position:0% than what a lot of other towns pay for 00:37:48.240 --> 00:37:50.150 align:start position:0% than what a lot of other towns pay for for<00:37:48.400> example<00:37:48.720> our<00:37:48.880> tipping<00:37:49.200> fee<00:37:49.440> at<00:37:49.520> covanta 00:37:50.150 --> 00:37:50.160 align:start position:0% for example our tipping fee at covanta 00:37:50.160 --> 00:37:53.190 align:start position:0% for example our tipping fee at covanta is<00:37:50.240> about<00:37:50.560> 64<00:37:51.599> a<00:37:51.680> ton<00:37:52.400> and<00:37:52.560> other<00:37:52.800> towns<00:37:53.119> are 00:37:53.190 --> 00:37:53.200 align:start position:0% is about 64 a ton and other towns are 00:37:53.200 --> 00:37:56.390 align:start position:0% is about 64 a ton and other towns are paying<00:37:53.440> upwards<00:37:53.760> of<00:37:53.920> 95<00:37:54.480> to<00:37:54.560> 140<00:37:55.520> a<00:37:55.599> ton 00:37:56.390 --> 00:37:56.400 align:start position:0% paying upwards of 95 to 140 a ton 00:37:56.400 --> 00:37:58.230 align:start position:0% paying upwards of 95 to 140 a ton so 00:37:58.230 --> 00:37:58.240 align:start position:0% so 00:37:58.240 --> 00:37:59.510 align:start position:0% so there's<00:37:58.400> a<00:37:58.480> lot<00:37:58.640> of<00:37:58.800> moving<00:37:59.040> parts<00:37:59.280> when<00:37:59.440> it 00:37:59.510 --> 00:37:59.520 align:start position:0% there's a lot of moving parts when it 00:37:59.520 --> 00:38:01.589 align:start position:0% there's a lot of moving parts when it comes<00:37:59.760> to<00:37:59.839> waste<00:38:00.160> and<00:38:00.240> recycling 00:38:01.589 --> 00:38:01.599 align:start position:0% comes to waste and recycling 00:38:01.599 --> 00:38:02.950 align:start position:0% comes to waste and recycling um<00:38:02.079> but 00:38:02.950 --> 00:38:02.960 align:start position:0% um but 00:38:02.960 --> 00:38:04.790 align:start position:0% um but when<00:38:03.200> you<00:38:03.359> look<00:38:03.520> at<00:38:03.599> the<00:38:03.839> difference<00:38:04.240> between 00:38:04.790 --> 00:38:04.800 align:start position:0% when you look at the difference between 00:38:04.800 --> 00:38:06.069 align:start position:0% when you look at the difference between the<00:38:04.960> credits 00:38:06.069 --> 00:38:06.079 align:start position:0% the credits 00:38:06.079 --> 00:38:07.670 align:start position:0% the credits that<00:38:06.320> we<00:38:06.480> get<00:38:06.880> for<00:38:07.119> selling<00:38:07.440> off<00:38:07.599> our 00:38:07.670 --> 00:38:07.680 align:start position:0% that we get for selling off our 00:38:07.680 --> 00:38:08.790 align:start position:0% that we get for selling off our recycling 00:38:08.790 --> 00:38:08.800 align:start position:0% recycling 00:38:08.800 --> 00:38:09.829 align:start position:0% recycling streams 00:38:09.829 --> 00:38:09.839 align:start position:0% streams 00:38:09.839 --> 00:38:11.349 align:start position:0% streams versus<00:38:10.240> the<00:38:10.400> cost 00:38:11.349 --> 00:38:11.359 align:start position:0% versus the cost 00:38:11.359 --> 00:38:13.670 align:start position:0% versus the cost they've<00:38:11.680> changed<00:38:12.400> right<00:38:13.119> so<00:38:13.359> now<00:38:13.520> we're 00:38:13.670 --> 00:38:13.680 align:start position:0% they've changed right so now we're 00:38:13.680 --> 00:38:15.349 align:start position:0% they've changed right so now we're paying<00:38:13.920> a<00:38:14.000> lot<00:38:14.240> more<00:38:14.560> to<00:38:14.720> dispose<00:38:15.119> of<00:38:15.280> our 00:38:15.349 --> 00:38:15.359 align:start position:0% paying a lot more to dispose of our 00:38:15.359 --> 00:38:18.310 align:start position:0% paying a lot more to dispose of our recycling<00:38:16.480> um<00:38:17.040> than<00:38:17.280> we<00:38:17.440> were<00:38:17.839> then<00:38:18.000> we<00:38:18.160> are 00:38:18.310 --> 00:38:18.320 align:start position:0% recycling um than we were then we are 00:38:18.320 --> 00:38:19.670 align:start position:0% recycling um than we were then we are earning<00:38:18.720> credits 00:38:19.670 --> 00:38:19.680 align:start position:0% earning credits 00:38:19.680 --> 00:38:22.230 align:start position:0% earning credits and<00:38:19.839> so<00:38:20.240> that's<00:38:20.720> definitely<00:38:21.280> impacted<00:38:22.000> our 00:38:22.230 --> 00:38:22.240 align:start position:0% and so that's definitely impacted our 00:38:22.240 --> 00:38:23.910 align:start position:0% and so that's definitely impacted our our<00:38:22.480> budget 00:38:23.910 --> 00:38:23.920 align:start position:0% our budget 00:38:23.920 --> 00:38:25.510 align:start position:0% our budget so<00:38:24.079> that's<00:38:24.320> just<00:38:24.560> a<00:38:24.640> little<00:38:24.800> background<00:38:25.359> i 00:38:25.510 --> 00:38:25.520 align:start position:0% so that's just a little background i 00:38:25.520 --> 00:38:27.670 align:start position:0% so that's just a little background i wanted<00:38:25.760> to<00:38:25.920> give<00:38:26.079> you<00:38:26.240> on<00:38:26.400> that<00:38:26.800> um<00:38:27.359> just<00:38:27.520> so 00:38:27.670 --> 00:38:27.680 align:start position:0% wanted to give you on that um just so 00:38:27.680 --> 00:38:29.670 align:start position:0% wanted to give you on that um just so you<00:38:27.760> have<00:38:28.000> it<00:38:28.079> for<00:38:28.320> fun<00:38:28.560> you<00:38:28.720> know<00:38:28.960> to 00:38:29.670 --> 00:38:29.680 align:start position:0% you have it for fun you know to 00:38:29.680 --> 00:38:32.950 align:start position:0% you have it for fun you know to to<00:38:29.839> read<00:38:30.000> later<00:38:30.320> on<00:38:30.880> so<00:38:31.359> um<00:38:32.160> the<00:38:32.320> solid<00:38:32.640> waste 00:38:32.950 --> 00:38:32.960 align:start position:0% to read later on so um the solid waste 00:38:32.960 --> 00:38:35.270 align:start position:0% to read later on so um the solid waste commission<00:38:33.839> has<00:38:34.079> been<00:38:34.320> dealing 00:38:35.270 --> 00:38:35.280 align:start position:0% commission has been dealing 00:38:35.280 --> 00:38:38.710 align:start position:0% commission has been dealing with<00:38:35.520> how<00:38:35.680> to<00:38:35.920> address<00:38:36.720> these<00:38:37.119> issues<00:38:37.920> so 00:38:38.710 --> 00:38:38.720 align:start position:0% with how to address these issues so 00:38:38.720 --> 00:38:40.470 align:start position:0% with how to address these issues so they're<00:38:39.200> they're<00:38:39.440> aware<00:38:39.839> of<00:38:39.920> what's<00:38:40.160> going<00:38:40.320> on 00:38:40.470 --> 00:38:40.480 align:start position:0% they're they're aware of what's going on 00:38:40.480 --> 00:38:42.230 align:start position:0% they're they're aware of what's going on in<00:38:40.560> the<00:38:40.640> market<00:38:41.440> they<00:38:41.680> understand<00:38:42.160> that 00:38:42.230 --> 00:38:42.240 align:start position:0% in the market they understand that 00:38:42.240 --> 00:38:43.910 align:start position:0% in the market they understand that there's<00:38:42.480> a<00:38:42.640> problem 00:38:43.910 --> 00:38:43.920 align:start position:0% there's a problem 00:38:43.920 --> 00:38:46.150 align:start position:0% there's a problem you<00:38:44.079> know<00:38:44.240> we<00:38:44.480> know<00:38:44.720> that<00:38:45.200> other<00:38:45.520> towns<00:38:45.839> are 00:38:46.150 --> 00:38:46.160 align:start position:0% you know we know that other towns are 00:38:46.160 --> 00:38:48.069 align:start position:0% you know we know that other towns are are<00:38:46.320> not<00:38:46.560> even<00:38:46.720> as<00:38:46.960> successful<00:38:47.440> as<00:38:47.599> brantford 00:38:48.069 --> 00:38:48.079 align:start position:0% are not even as successful as brantford 00:38:48.079 --> 00:38:49.990 align:start position:0% are not even as successful as brantford right<00:38:48.160> now<00:38:48.320> when<00:38:48.480> it<00:38:48.560> comes<00:38:48.800> to<00:38:49.040> recycling<00:38:49.599> but 00:38:49.990 --> 00:38:50.000 align:start position:0% right now when it comes to recycling but 00:38:50.000 --> 00:38:51.589 align:start position:0% right now when it comes to recycling but branford<00:38:50.480> is<00:38:50.560> not<00:38:50.720> at<00:38:50.800> the<00:38:50.880> level<00:38:51.200> it<00:38:51.280> used<00:38:51.520> to 00:38:51.589 --> 00:38:51.599 align:start position:0% branford is not at the level it used to 00:38:51.599 --> 00:38:52.310 align:start position:0% branford is not at the level it used to be 00:38:52.310 --> 00:38:52.320 align:start position:0% be 00:38:52.320 --> 00:38:54.470 align:start position:0% be um<00:38:52.640> and<00:38:52.800> we<00:38:52.960> believe<00:38:53.280> it<00:38:53.440> could<00:38:53.599> be<00:38:54.000> we<00:38:54.160> believe 00:38:54.470 --> 00:38:54.480 align:start position:0% um and we believe it could be we believe 00:38:54.480 --> 00:38:56.470 align:start position:0% um and we believe it could be we believe that<00:38:54.640> we<00:38:54.800> can<00:38:55.280> you<00:38:55.359> know<00:38:55.599> swing<00:38:56.000> it<00:38:56.079> back<00:38:56.320> the 00:38:56.470 --> 00:38:56.480 align:start position:0% that we can you know swing it back the 00:38:56.480 --> 00:38:58.150 align:start position:0% that we can you know swing it back the other<00:38:56.640> way<00:38:56.880> so<00:38:57.040> that<00:38:57.200> it's<00:38:57.359> more 00:38:58.150 --> 00:38:58.160 align:start position:0% other way so that it's more 00:38:58.160 --> 00:39:01.109 align:start position:0% other way so that it's more of<00:38:58.800> a<00:38:58.960> revenue<00:38:59.440> generating<00:39:00.079> process<00:39:00.640> from<00:39:00.960> our 00:39:01.109 --> 00:39:01.119 align:start position:0% of a revenue generating process from our 00:39:01.119 --> 00:39:03.270 align:start position:0% of a revenue generating process from our waste<00:39:01.440> and<00:39:01.520> recycling<00:39:02.560> so<00:39:02.880> out<00:39:03.040> of<00:39:03.119> the 00:39:03.270 --> 00:39:03.280 align:start position:0% waste and recycling so out of the 00:39:03.280 --> 00:39:05.270 align:start position:0% waste and recycling so out of the conversation<00:39:03.920> of<00:39:04.000> watching<00:39:04.560> the<00:39:04.720> markets<00:39:05.200> and 00:39:05.270 --> 00:39:05.280 align:start position:0% conversation of watching the markets and 00:39:05.280 --> 00:39:08.069 align:start position:0% conversation of watching the markets and watching<00:39:05.839> um<00:39:06.160> the<00:39:06.320> budgets<00:39:06.800> really<00:39:07.680> the<00:39:07.839> solid 00:39:08.069 --> 00:39:08.079 align:start position:0% watching um the budgets really the solid 00:39:08.079 --> 00:39:09.829 align:start position:0% watching um the budgets really the solid waste<00:39:08.320> commission<00:39:08.880> came<00:39:09.040> up<00:39:09.200> with<00:39:09.280> an<00:39:09.440> idea<00:39:09.760> to 00:39:09.829 --> 00:39:09.839 align:start position:0% waste commission came up with an idea to 00:39:09.839 --> 00:39:12.390 align:start position:0% waste commission came up with an idea to do<00:39:10.000> a<00:39:10.160> study<00:39:10.560> to<00:39:10.720> hire<00:39:11.040> a<00:39:11.119> consultant<00:39:12.240> and 00:39:12.390 --> 00:39:12.400 align:start position:0% do a study to hire a consultant and 00:39:12.400 --> 00:39:13.990 align:start position:0% do a study to hire a consultant and their<00:39:12.640> first<00:39:12.880> step<00:39:13.200> in<00:39:13.280> that<00:39:13.440> direction<00:39:13.839> was 00:39:13.990 --> 00:39:14.000 align:start position:0% their first step in that direction was 00:39:14.000 --> 00:39:16.069 align:start position:0% their first step in that direction was to<00:39:14.160> draft<00:39:14.480> a<00:39:14.560> scope<00:39:14.880> of<00:39:14.960> work 00:39:16.069 --> 00:39:16.079 align:start position:0% to draft a scope of work 00:39:16.079 --> 00:39:18.390 align:start position:0% to draft a scope of work um<00:39:16.560> which<00:39:16.720> they<00:39:16.880> came<00:39:17.119> up<00:39:17.280> with 00:39:18.390 --> 00:39:18.400 align:start position:0% um which they came up with 00:39:18.400 --> 00:39:20.790 align:start position:0% um which they came up with and<00:39:18.560> to<00:39:18.720> put<00:39:18.960> out<00:39:19.119> a<00:39:19.200> request<00:39:19.599> for<00:39:19.760> proposals 00:39:20.790 --> 00:39:20.800 align:start position:0% and to put out a request for proposals 00:39:20.800 --> 00:39:23.109 align:start position:0% and to put out a request for proposals the<00:39:20.960> request<00:39:21.280> for<00:39:21.440> proposals<00:39:21.920> was<00:39:22.079> deliberate 00:39:23.109 --> 00:39:23.119 align:start position:0% the request for proposals was deliberate 00:39:23.119 --> 00:39:24.230 align:start position:0% the request for proposals was deliberate not<00:39:23.359> a<00:39:23.440> bid 00:39:24.230 --> 00:39:24.240 align:start position:0% not a bid 00:39:24.240 --> 00:39:26.950 align:start position:0% not a bid a<00:39:24.400> bid's<00:39:24.720> very<00:39:25.200> restrictive<00:39:25.839> it's<00:39:26.000> very<00:39:26.480> rigid 00:39:26.950 --> 00:39:26.960 align:start position:0% a bid's very restrictive it's very rigid 00:39:26.960 --> 00:39:29.190 align:start position:0% a bid's very restrictive it's very rigid a<00:39:27.040> requester<00:39:27.599> proposal<00:39:28.240> allows<00:39:28.640> experts<00:39:29.119> in 00:39:29.190 --> 00:39:29.200 align:start position:0% a requester proposal allows experts in 00:39:29.200 --> 00:39:31.030 align:start position:0% a requester proposal allows experts in the<00:39:29.359> industry<00:39:30.079> to<00:39:30.240> come<00:39:30.480> at<00:39:30.640> us<00:39:30.720> with<00:39:30.880> what 00:39:31.030 --> 00:39:31.040 align:start position:0% the industry to come at us with what 00:39:31.040 --> 00:39:33.349 align:start position:0% the industry to come at us with what their<00:39:31.280> recommendations<00:39:32.079> are 00:39:33.349 --> 00:39:33.359 align:start position:0% their recommendations are 00:39:33.359 --> 00:39:35.190 align:start position:0% their recommendations are they<00:39:33.520> have<00:39:33.760> time<00:39:34.000> to<00:39:34.160> do<00:39:34.320> things<00:39:34.560> like<00:39:34.720> that 00:39:35.190 --> 00:39:35.200 align:start position:0% they have time to do things like that 00:39:35.200 --> 00:39:37.990 align:start position:0% they have time to do things like that they<00:39:35.359> are<00:39:36.000> more<00:39:36.320> in<00:39:36.560> tuned<00:39:36.960> into<00:39:37.200> all<00:39:37.440> of<00:39:37.599> the 00:39:37.990 --> 00:39:38.000 align:start position:0% they are more in tuned into all of the 00:39:38.000 --> 00:39:39.670 align:start position:0% they are more in tuned into all of the nuances<00:39:38.560> of<00:39:38.640> the<00:39:38.720> variety<00:39:39.040> of<00:39:39.119> markets<00:39:39.520> that 00:39:39.670 --> 00:39:39.680 align:start position:0% nuances of the variety of markets that 00:39:39.680 --> 00:39:41.190 align:start position:0% nuances of the variety of markets that are<00:39:39.839> out<00:39:40.000> there<00:39:40.160> right<00:39:40.320> now 00:39:41.190 --> 00:39:41.200 align:start position:0% are out there right now 00:39:41.200 --> 00:39:43.750 align:start position:0% are out there right now um<00:39:41.760> so<00:39:42.079> that's<00:39:42.320> what<00:39:42.480> they<00:39:42.640> did<00:39:43.119> they<00:39:43.440> they 00:39:43.750 --> 00:39:43.760 align:start position:0% um so that's what they did they they 00:39:43.760 --> 00:39:46.069 align:start position:0% um so that's what they did they they presented<00:39:44.480> a<00:39:44.800> scope<00:39:45.119> of<00:39:45.200> work<00:39:45.440> we<00:39:45.599> presented 00:39:46.069 --> 00:39:46.079 align:start position:0% presented a scope of work we presented 00:39:46.079 --> 00:39:49.750 align:start position:0% presented a scope of work we presented it<00:39:46.720> to<00:39:47.200> um<00:39:47.839> to<00:39:48.079> to<00:39:48.320> jamie<00:39:48.720> we<00:39:48.880> got<00:39:49.200> approval 00:39:49.750 --> 00:39:49.760 align:start position:0% it to um to to jamie we got approval 00:39:49.760 --> 00:39:51.750 align:start position:0% it to um to to jamie we got approval that<00:39:49.920> was<00:39:50.000> the<00:39:50.160> recommendation<00:39:50.720> to<00:39:50.880> go<00:39:51.040> out<00:39:51.599> we 00:39:51.750 --> 00:39:51.760 align:start position:0% that was the recommendation to go out we 00:39:51.760 --> 00:39:53.829 align:start position:0% that was the recommendation to go out we went<00:39:52.000> out<00:39:52.320> for<00:39:52.800> bid 00:39:53.829 --> 00:39:53.839 align:start position:0% went out for bid 00:39:53.839 --> 00:39:56.710 align:start position:0% went out for bid excuse<00:39:54.240> me<00:39:54.480> proposals<00:39:55.599> and<00:39:55.760> we<00:39:55.920> got<00:39:56.160> back<00:39:56.480> six 00:39:56.710 --> 00:39:56.720 align:start position:0% excuse me proposals and we got back six 00:39:56.720 --> 00:40:00.790 align:start position:0% excuse me proposals and we got back six different<00:39:57.040> proposals<00:39:58.079> and<00:39:58.240> they<00:39:58.400> were 00:40:00.790 --> 00:40:00.800 align:start position:0% 00:40:00.800 --> 00:40:02.310 align:start position:0% you<00:40:00.880> know<00:40:01.040> anywhere<00:40:01.440> from 00:40:02.310 --> 00:40:02.320 align:start position:0% you know anywhere from 00:40:02.320 --> 00:40:06.069 align:start position:0% you know anywhere from you<00:40:02.480> know<00:40:02.720> 40<00:40:03.280> to<00:40:04.000> 99<00:40:04.640> 000<00:40:05.280> for<00:40:05.440> a<00:40:05.520> variety<00:40:06.000> of 00:40:06.069 --> 00:40:06.079 align:start position:0% you know 40 to 99 000 for a variety of 00:40:06.079 --> 00:40:07.270 align:start position:0% you know 40 to 99 000 for a variety of different<00:40:06.400> work 00:40:07.270 --> 00:40:07.280 align:start position:0% different work 00:40:07.280 --> 00:40:08.069 align:start position:0% different work um 00:40:08.069 --> 00:40:08.079 align:start position:0% um 00:40:08.079 --> 00:40:09.750 align:start position:0% um the<00:40:08.240> one<00:40:08.480> that<00:40:08.640> we<00:40:08.880> ended<00:40:09.119> up<00:40:09.280> we<00:40:09.359> went<00:40:09.520> through 00:40:09.750 --> 00:40:09.760 align:start position:0% the one that we ended up we went through 00:40:09.760 --> 00:40:11.670 align:start position:0% the one that we ended up we went through a<00:40:10.079> selection<00:40:10.640> committee<00:40:11.040> a<00:40:11.119> selection 00:40:11.670 --> 00:40:11.680 align:start position:0% a selection committee a selection 00:40:11.680 --> 00:40:12.710 align:start position:0% a selection committee a selection process 00:40:12.710 --> 00:40:12.720 align:start position:0% process 00:40:12.720 --> 00:40:15.190 align:start position:0% process uh<00:40:12.960> we<00:40:13.200> shortlisted<00:40:13.680> the<00:40:13.839> proposals<00:40:14.240> we<00:40:14.400> got 00:40:15.190 --> 00:40:15.200 align:start position:0% uh we shortlisted the proposals we got 00:40:15.200 --> 00:40:17.829 align:start position:0% uh we shortlisted the proposals we got then<00:40:15.599> we<00:40:15.839> interviewed<00:40:16.640> uh<00:40:16.880> the<00:40:17.040> short<00:40:17.359> list 00:40:17.829 --> 00:40:17.839 align:start position:0% then we interviewed uh the short list 00:40:17.839 --> 00:40:20.309 align:start position:0% then we interviewed uh the short list the<00:40:18.079> candidates<00:40:18.640> who<00:40:19.200> we<00:40:19.599> really<00:40:19.839> enjoyed 00:40:20.309 --> 00:40:20.319 align:start position:0% the candidates who we really enjoyed 00:40:20.319 --> 00:40:22.150 align:start position:0% the candidates who we really enjoyed reading<00:40:20.560> their<00:40:20.720> proposals<00:40:21.599> and<00:40:21.760> there<00:40:21.920> was<00:40:22.079> a 00:40:22.150 --> 00:40:22.160 align:start position:0% reading their proposals and there was a 00:40:22.160 --> 00:40:24.790 align:start position:0% reading their proposals and there was a clear<00:40:22.480> winner<00:40:22.880> of<00:40:23.119> rrt<00:40:23.760> just<00:40:24.000> the 00:40:24.790 --> 00:40:24.800 align:start position:0% clear winner of rrt just the 00:40:24.800 --> 00:40:27.589 align:start position:0% clear winner of rrt just the the<00:40:25.200> expertise<00:40:26.160> in<00:40:26.319> the<00:40:26.480> industry<00:40:27.359> the 00:40:27.589 --> 00:40:27.599 align:start position:0% the expertise in the industry the 00:40:27.599 --> 00:40:29.829 align:start position:0% the expertise in the industry the knowledge<00:40:28.160> of<00:40:28.319> the<00:40:28.480> markets<00:40:29.040> evaluating<00:40:29.760> the 00:40:29.829 --> 00:40:29.839 align:start position:0% knowledge of the markets evaluating the 00:40:29.839 --> 00:40:31.589 align:start position:0% knowledge of the markets evaluating the markets<00:40:30.160> their<00:40:30.400> experience<00:40:31.040> in<00:40:31.200> the<00:40:31.280> state<00:40:31.520> of 00:40:31.589 --> 00:40:31.599 align:start position:0% markets their experience in the state of 00:40:31.599 --> 00:40:32.790 align:start position:0% markets their experience in the state of connecticut 00:40:32.790 --> 00:40:32.800 align:start position:0% connecticut 00:40:32.800 --> 00:40:36.069 align:start position:0% connecticut um<00:40:33.359> and<00:40:33.680> and<00:40:34.000> it<00:40:34.079> was<00:40:34.319> just<00:40:34.560> a<00:40:35.200> clear 00:40:36.069 --> 00:40:36.079 align:start position:0% um and and it was just a clear 00:40:36.079 --> 00:40:39.430 align:start position:0% um and and it was just a clear clear<00:40:36.400> winner<00:40:36.839> no-brainer<00:40:38.000> um<00:40:38.640> on 00:40:39.430 --> 00:40:39.440 align:start position:0% clear winner no-brainer um on 00:40:39.440 --> 00:40:41.910 align:start position:0% clear winner no-brainer um on and<00:40:39.599> who<00:40:39.760> would<00:40:39.920> be<00:40:40.160> a<00:40:40.319> great<00:40:40.640> consultant<00:40:41.280> for 00:40:41.910 --> 00:40:41.920 align:start position:0% and who would be a great consultant for 00:40:41.920 --> 00:40:44.950 align:start position:0% and who would be a great consultant for this<00:40:42.160> type<00:40:42.400> of<00:40:42.640> project<00:40:43.119> so<00:40:43.839> um<00:40:44.160> we<00:40:44.400> also<00:40:44.800> we 00:40:44.950 --> 00:40:44.960 align:start position:0% this type of project so um we also we 00:40:44.960 --> 00:40:46.950 align:start position:0% this type of project so um we also we weren't<00:40:45.280> sure<00:40:45.760> exactly<00:40:46.319> what<00:40:46.480> we<00:40:46.640> would<00:40:46.800> be 00:40:46.950 --> 00:40:46.960 align:start position:0% weren't sure exactly what we would be 00:40:46.960 --> 00:40:48.790 align:start position:0% weren't sure exactly what we would be looking<00:40:47.200> for<00:40:47.440> financially<00:40:48.079> so<00:40:48.240> we<00:40:48.400> didn't<00:40:48.640> set 00:40:48.790 --> 00:40:48.800 align:start position:0% looking for financially so we didn't set 00:40:48.800 --> 00:40:51.190 align:start position:0% looking for financially so we didn't set a<00:40:48.960> price<00:40:49.200> tag<00:40:49.520> on<00:40:49.680> that<00:40:50.319> we<00:40:50.480> were<00:40:50.640> curious<00:40:51.040> what 00:40:51.190 --> 00:40:51.200 align:start position:0% a price tag on that we were curious what 00:40:51.200 --> 00:40:53.829 align:start position:0% a price tag on that we were curious what the<00:40:51.280> market<00:40:51.599> would<00:40:51.839> communicate<00:40:52.400> back<00:40:52.640> to<00:40:52.880> us 00:40:53.829 --> 00:40:53.839 align:start position:0% the market would communicate back to us 00:40:53.839 --> 00:40:56.630 align:start position:0% the market would communicate back to us um<00:40:54.240> and<00:40:54.319> so<00:40:54.480> that's<00:40:54.720> how<00:40:54.880> we<00:40:55.200> we<00:40:55.440> landed<00:40:55.920> on 00:40:56.630 --> 00:40:56.640 align:start position:0% um and so that's how we we landed on 00:40:56.640 --> 00:41:00.710 align:start position:0% um and so that's how we we landed on this<00:40:57.280> consulting<00:40:57.839> proposal<00:40:58.720> from<00:40:59.119> rrt<00:40:59.839> for<00:41:00.240> a 00:41:00.710 --> 00:41:00.720 align:start position:0% this consulting proposal from rrt for a 00:41:00.720 --> 00:41:03.510 align:start position:0% this consulting proposal from rrt for a real<00:41:01.040> comprehensive<00:41:02.319> waste<00:41:02.720> and<00:41:02.800> recycling 00:41:03.510 --> 00:41:03.520 align:start position:0% real comprehensive waste and recycling 00:41:03.520 --> 00:41:07.670 align:start position:0% real comprehensive waste and recycling evaluation<00:41:04.319> and<00:41:04.480> study<00:41:05.200> for<00:41:05.440> the<00:41:05.599> town 00:41:07.670 --> 00:41:07.680 align:start position:0% evaluation and study for the town 00:41:07.680 --> 00:41:08.630 align:start position:0% evaluation and study for the town so 00:41:08.630 --> 00:41:08.640 align:start position:0% so 00:41:08.640 --> 00:41:10.150 align:start position:0% so um 00:41:10.150 --> 00:41:10.160 align:start position:0% um 00:41:10.160 --> 00:41:11.750 align:start position:0% um diana<00:41:10.640> where<00:41:10.800> does<00:41:11.040> this 00:41:11.750 --> 00:41:11.760 align:start position:0% diana where does this 00:41:11.760 --> 00:41:13.510 align:start position:0% diana where does this take<00:41:12.000> us 00:41:13.510 --> 00:41:13.520 align:start position:0% take us 00:41:13.520 --> 00:41:15.030 align:start position:0% take us as<00:41:13.760> far<00:41:14.000> as 00:41:15.030 --> 00:41:15.040 align:start position:0% as far as 00:41:15.040 --> 00:41:18.630 align:start position:0% as far as if<00:41:15.280> mr<00:41:15.680> shelton<00:41:16.079> were<00:41:16.240> to<00:41:16.400> ask<00:41:16.800> us<00:41:17.359> ask<00:41:17.680> me 00:41:18.630 --> 00:41:18.640 align:start position:0% if mr shelton were to ask us ask me 00:41:18.640 --> 00:41:21.190 align:start position:0% if mr shelton were to ask us ask me next<00:41:18.960> year's<00:41:19.280> budget<00:41:19.680> or<00:41:19.760> the<00:41:19.280> budget<00:41:20.319> after 00:41:21.190 --> 00:41:21.200 align:start position:0% next year's budget or the budget after 00:41:21.200 --> 00:41:23.750 align:start position:0% next year's budget or the budget after is<00:41:21.359> there<00:41:21.839> any<00:41:22.160> capital<00:41:23.040> expenses 00:41:23.750 --> 00:41:23.760 align:start position:0% is there any capital expenses 00:41:23.760 --> 00:41:26.230 align:start position:0% is there any capital expenses anticipated<00:41:24.560> in<00:41:24.720> this<00:41:25.119> well<00:41:25.440> i'm<00:41:25.839> hoping<00:41:26.160> that 00:41:26.230 --> 00:41:26.240 align:start position:0% anticipated in this well i'm hoping that 00:41:26.240 --> 00:41:28.230 align:start position:0% anticipated in this well i'm hoping that there<00:41:26.480> is<00:41:26.560> a<00:41:26.720> great<00:41:26.960> impact<00:41:27.599> i'm<00:41:27.760> hoping<00:41:28.079> it's 00:41:28.230 --> 00:41:28.240 align:start position:0% there is a great impact i'm hoping it's 00:41:28.240 --> 00:41:30.470 align:start position:0% there is a great impact i'm hoping it's a<00:41:28.319> positive<00:41:28.800> impact<00:41:29.280> on<00:41:29.440> our<00:41:29.520> budget<00:41:30.319> i'm 00:41:30.470 --> 00:41:30.480 align:start position:0% a positive impact on our budget i'm 00:41:30.480 --> 00:41:32.150 align:start position:0% a positive impact on our budget i'm hoping<00:41:30.720> we<00:41:30.880> start<00:41:31.119> to<00:41:31.359> turn<00:41:31.599> the<00:41:31.760> tides<00:41:32.079> and 00:41:32.150 --> 00:41:32.160 align:start position:0% hoping we start to turn the tides and 00:41:32.160 --> 00:41:34.870 align:start position:0% hoping we start to turn the tides and get<00:41:32.319> back<00:41:32.480> to<00:41:32.560> where<00:41:32.800> we<00:41:32.960> were<00:41:33.760> um<00:41:34.160> as<00:41:34.319> far<00:41:34.480> as 00:41:34.870 --> 00:41:34.880 align:start position:0% get back to where we were um as far as 00:41:34.880 --> 00:41:37.270 align:start position:0% get back to where we were um as far as you<00:41:34.960> know<00:41:35.280> our<00:41:35.520> recycling<00:41:36.240> revenue 00:41:37.270 --> 00:41:37.280 align:start position:0% you know our recycling revenue 00:41:37.280 --> 00:41:39.990 align:start position:0% you know our recycling revenue um<00:41:37.760> but<00:41:37.920> it's<00:41:38.079> a<00:41:38.160> 10-year<00:41:38.640> plan<00:41:39.440> we're<00:41:39.680> asking 00:41:39.990 --> 00:41:40.000 align:start position:0% um but it's a 10-year plan we're asking 00:41:40.000 --> 00:41:42.150 align:start position:0% um but it's a 10-year plan we're asking this<00:41:40.400> this<00:41:40.640> consulting<00:41:41.200> firm<00:41:41.440> to<00:41:41.599> come<00:41:41.920> back 00:41:42.150 --> 00:41:42.160 align:start position:0% this this consulting firm to come back 00:41:42.160 --> 00:41:44.309 align:start position:0% this this consulting firm to come back with<00:41:42.480> a<00:41:42.640> 10-year<00:41:43.200> plan 00:41:44.309 --> 00:41:44.319 align:start position:0% with a 10-year plan 00:41:44.319 --> 00:41:45.990 align:start position:0% with a 10-year plan you<00:41:44.480> know<00:41:44.720> utilizing<00:41:45.200> all<00:41:45.359> of<00:41:45.440> the<00:41:45.520> resources 00:41:45.990 --> 00:41:46.000 align:start position:0% you know utilizing all of the resources 00:41:46.000 --> 00:41:48.550 align:start position:0% you know utilizing all of the resources that<00:41:46.079> we<00:41:46.240> have<00:41:46.800> in<00:41:46.960> the<00:41:47.040> town<00:41:47.280> departments 00:41:48.550 --> 00:41:48.560 align:start position:0% that we have in the town departments 00:41:48.560 --> 00:41:50.069 align:start position:0% that we have in the town departments in<00:41:48.640> the<00:41:48.800> community<00:41:49.280> down<00:41:49.520> at<00:41:49.599> the<00:41:49.680> transfer 00:41:50.069 --> 00:41:50.079 align:start position:0% in the community down at the transfer 00:41:50.079 --> 00:41:52.390 align:start position:0% in the community down at the transfer station<00:41:50.800> their<00:41:51.040> knowledge<00:41:51.440> and<00:41:51.520> expertise 00:41:52.390 --> 00:41:52.400 align:start position:0% station their knowledge and expertise 00:41:52.400 --> 00:41:54.230 align:start position:0% station their knowledge and expertise we're<00:41:52.640> hoping<00:41:52.960> that<00:41:53.280> you<00:41:53.440> know<00:41:53.599> what<00:41:54.000> comes 00:41:54.230 --> 00:41:54.240 align:start position:0% we're hoping that you know what comes 00:41:54.240 --> 00:41:56.470 align:start position:0% we're hoping that you know what comes back<00:41:54.400> to<00:41:54.640> us<00:41:54.800> is<00:41:54.880> something<00:41:55.200> that<00:41:55.440> is 00:41:56.470 --> 00:41:56.480 align:start position:0% back to us is something that is 00:41:56.480 --> 00:41:58.390 align:start position:0% back to us is something that is less<00:41:56.720> expensive<00:41:57.200> than<00:41:57.359> what<00:41:57.760> what<00:41:58.000> is<00:41:58.079> going 00:41:58.390 --> 00:41:58.400 align:start position:0% less expensive than what what is going 00:41:58.400 --> 00:42:00.309 align:start position:0% less expensive than what what is going on<00:41:58.640> every<00:41:58.800> single<00:41:59.119> year<00:41:59.359> as<00:41:59.520> far<00:41:59.680> as<00:42:00.160> our 00:42:00.309 --> 00:42:00.319 align:start position:0% on every single year as far as our 00:42:00.319 --> 00:42:02.470 align:start position:0% on every single year as far as our program<00:42:00.720> and<00:42:00.880> our<00:42:00.960> processes<00:42:01.599> increases 00:42:02.470 --> 00:42:02.480 align:start position:0% program and our processes increases 00:42:02.480 --> 00:42:04.230 align:start position:0% program and our processes increases jamie<00:42:02.800> did<00:42:02.880> you<00:42:02.960> want<00:42:03.119> to<00:42:03.200> add<00:42:03.280> to<00:42:03.440> that 00:42:04.230 --> 00:42:04.240 align:start position:0% jamie did you want to add to that 00:42:04.240 --> 00:42:07.109 align:start position:0% jamie did you want to add to that joe<00:42:04.480> sure<00:42:04.720> just<00:42:04.960> may<00:42:05.200> add<00:42:05.520> yes<00:42:05.760> thank<00:42:06.000> you<00:42:06.319> um 00:42:07.109 --> 00:42:07.119 align:start position:0% joe sure just may add yes thank you um 00:42:07.119 --> 00:42:09.270 align:start position:0% joe sure just may add yes thank you um because<00:42:07.359> i<00:42:07.599> think<00:42:07.760> there<00:42:07.920> was<00:42:08.079> a<00:42:08.480> lot<00:42:08.640> of<00:42:08.800> focus 00:42:09.270 --> 00:42:09.280 align:start position:0% because i think there was a lot of focus 00:42:09.280 --> 00:42:09.990 align:start position:0% because i think there was a lot of focus and 00:42:09.990 --> 00:42:10.000 align:start position:0% and 00:42:10.000 --> 00:42:10.790 align:start position:0% and uh 00:42:10.790 --> 00:42:10.800 align:start position:0% uh 00:42:10.800 --> 00:42:13.750 align:start position:0% uh regarding<00:42:11.359> the<00:42:11.760> recycling<00:42:12.400> market<00:42:13.119> uh<00:42:13.440> which 00:42:13.750 --> 00:42:13.760 align:start position:0% regarding the recycling market uh which 00:42:13.760 --> 00:42:17.270 align:start position:0% regarding the recycling market uh which certainly<00:42:14.240> impacted<00:42:14.880> uh<00:42:16.160> not<00:42:16.400> only<00:42:16.800> you<00:42:16.960> know 00:42:17.270 --> 00:42:17.280 align:start position:0% certainly impacted uh not only you know 00:42:17.280 --> 00:42:19.349 align:start position:0% certainly impacted uh not only you know every<00:42:17.520> municipality<00:42:18.480> not<00:42:18.640> only<00:42:18.880> across<00:42:19.200> the 00:42:19.349 --> 00:42:19.359 align:start position:0% every municipality not only across the 00:42:19.359 --> 00:42:21.990 align:start position:0% every municipality not only across the state<00:42:19.599> but<00:42:19.760> beyond<00:42:20.720> um<00:42:21.200> they're<00:42:21.440> all<00:42:21.680> faced 00:42:21.990 --> 00:42:22.000 align:start position:0% state but beyond um they're all faced 00:42:22.000 --> 00:42:24.150 align:start position:0% state but beyond um they're all faced with<00:42:22.240> that<00:42:22.880> i<00:42:23.119> think 00:42:24.150 --> 00:42:24.160 align:start position:0% with that i think 00:42:24.160 --> 00:42:25.829 align:start position:0% with that i think but<00:42:24.400> i<00:42:24.640> don't<00:42:24.800> want<00:42:24.880> to<00:42:24.960> lose<00:42:25.280> sight<00:42:25.520> and<00:42:25.599> where 00:42:25.829 --> 00:42:25.839 align:start position:0% but i don't want to lose sight and where 00:42:25.839 --> 00:42:26.630 align:start position:0% but i don't want to lose sight and where that's 00:42:26.630 --> 00:42:26.640 align:start position:0% that's 00:42:26.640 --> 00:42:28.829 align:start position:0% that's through<00:42:26.960> the<00:42:27.359> information<00:42:27.839> that<00:42:28.079> diana<00:42:28.560> has 00:42:28.829 --> 00:42:28.839 align:start position:0% through the information that diana has 00:42:28.839 --> 00:42:31.670 align:start position:0% through the information that diana has provided<00:42:29.680> i'm<00:42:30.400> very<00:42:30.720> clear<00:42:31.040> we<00:42:31.119> can<00:42:31.280> see<00:42:31.520> what 00:42:31.670 --> 00:42:31.680 align:start position:0% provided i'm very clear we can see what 00:42:31.680 --> 00:42:33.910 align:start position:0% provided i'm very clear we can see what that<00:42:31.920> impact<00:42:32.319> has<00:42:32.480> been<00:42:32.720> over<00:42:32.960> the<00:42:33.040> last<00:42:33.760> four 00:42:33.910 --> 00:42:33.920 align:start position:0% that impact has been over the last four 00:42:33.920 --> 00:42:35.910 align:start position:0% that impact has been over the last four or<00:42:34.079> five<00:42:34.400> years 00:42:35.910 --> 00:42:35.920 align:start position:0% or five years 00:42:35.920 --> 00:42:37.829 align:start position:0% or five years however<00:42:36.319> i<00:42:36.400> think<00:42:36.560> there's<00:42:36.720> more<00:42:36.960> some<00:42:37.520> other 00:42:37.829 --> 00:42:37.839 align:start position:0% however i think there's more some other 00:42:37.839 --> 00:42:40.790 align:start position:0% however i think there's more some other subtle<00:42:38.400> impacts<00:42:38.960> to<00:42:39.119> our<00:42:39.760> budget 00:42:40.790 --> 00:42:40.800 align:start position:0% subtle impacts to our budget 00:42:40.800 --> 00:42:43.109 align:start position:0% subtle impacts to our budget may<00:42:40.960> recall<00:42:41.680> uh 00:42:43.109 --> 00:42:43.119 align:start position:0% may recall uh 00:42:43.119 --> 00:42:46.069 align:start position:0% may recall uh i<00:42:43.200> think<00:42:43.359> it<00:42:43.440> was<00:42:43.599> roughly<00:42:43.920> around<00:42:44.240> 2012<00:42:45.040> 2013 00:42:46.069 --> 00:42:46.079 align:start position:0% i think it was roughly around 2012 2013 00:42:46.079 --> 00:42:47.670 align:start position:0% i think it was roughly around 2012 2013 the<00:42:46.240> solid<00:42:46.480> waste<00:42:46.720> commission<00:42:47.200> went<00:42:47.440> out<00:42:47.599> to 00:42:47.670 --> 00:42:47.680 align:start position:0% the solid waste commission went out to 00:42:47.680 --> 00:42:50.230 align:start position:0% the solid waste commission went out to bid<00:42:47.920> they<00:42:48.079> had<00:42:48.319> two<00:42:48.640> proposals 00:42:50.230 --> 00:42:50.240 align:start position:0% bid they had two proposals 00:42:50.240 --> 00:42:52.069 align:start position:0% bid they had two proposals uh<00:42:50.960> in 00:42:52.069 --> 00:42:52.079 align:start position:0% uh in 00:42:52.079 --> 00:42:53.309 align:start position:0% uh in uh 00:42:53.309 --> 00:42:53.319 align:start position:0% uh 00:42:53.319 --> 00:42:54.950 align:start position:0% uh 2018 00:42:54.950 --> 00:42:54.960 align:start position:0% 2018 00:42:54.960 --> 00:42:56.790 align:start position:0% 2018 around<00:42:55.280> that<00:42:55.520> time<00:42:55.920> they<00:42:56.079> went<00:42:56.319> out<00:42:56.400> to<00:42:56.480> be 00:42:56.790 --> 00:42:56.800 align:start position:0% around that time they went out to be 00:42:56.800 --> 00:42:59.910 align:start position:0% around that time they went out to be they<00:42:56.880> had<00:42:57.200> one<00:42:58.160> uh<00:42:58.640> contractor 00:42:59.910 --> 00:42:59.920 align:start position:0% they had one uh contractor 00:42:59.920 --> 00:43:00.710 align:start position:0% they had one uh contractor uh 00:43:00.710 --> 00:43:00.720 align:start position:0% uh 00:43:00.720 --> 00:43:04.230 align:start position:0% uh bid<00:43:01.200> on<00:43:01.520> our<00:43:02.079> collection<00:43:02.720> service 00:43:04.230 --> 00:43:04.240 align:start position:0% bid on our collection service 00:43:04.240 --> 00:43:06.950 align:start position:0% bid on our collection service so<00:43:04.880> i<00:43:05.040> think<00:43:05.200> there's<00:43:05.440> a<00:43:06.079> a 00:43:06.950 --> 00:43:06.960 align:start position:0% so i think there's a a 00:43:06.960 --> 00:43:08.790 align:start position:0% so i think there's a a argument<00:43:07.359> to<00:43:07.520> be<00:43:07.599> made<00:43:07.920> that<00:43:08.160> are<00:43:08.319> we<00:43:08.480> getting 00:43:08.790 --> 00:43:08.800 align:start position:0% argument to be made that are we getting 00:43:08.800 --> 00:43:11.829 align:start position:0% argument to be made that are we getting competitive<00:43:09.440> pricing<00:43:10.000> for<00:43:10.240> how<00:43:10.480> we<00:43:10.839> collect 00:43:11.829 --> 00:43:11.839 align:start position:0% competitive pricing for how we collect 00:43:11.839 --> 00:43:15.270 align:start position:0% competitive pricing for how we collect our<00:43:12.240> uh<00:43:12.960> our<00:43:13.359> municipal<00:43:14.000> solid<00:43:14.319> waste<00:43:15.119> the 00:43:15.270 --> 00:43:15.280 align:start position:0% our uh our municipal solid waste the 00:43:15.280 --> 00:43:17.430 align:start position:0% our uh our municipal solid waste the curbside<00:43:15.760> collection<00:43:16.160> and<00:43:16.319> recycling 00:43:17.430 --> 00:43:17.440 align:start position:0% curbside collection and recycling 00:43:17.440 --> 00:43:18.390 align:start position:0% curbside collection and recycling um 00:43:18.390 --> 00:43:18.400 align:start position:0% um 00:43:18.400 --> 00:43:19.990 align:start position:0% um you<00:43:18.560> know<00:43:18.720> we<00:43:18.960> there's 00:43:19.990 --> 00:43:20.000 align:start position:0% you know we there's 00:43:20.000 --> 00:43:22.550 align:start position:0% you know we there's as<00:43:20.880> you<00:43:20.960> know<00:43:21.119> diana<00:43:21.680> mentioned<00:43:22.319> you<00:43:22.400> know 00:43:22.550 --> 00:43:22.560 align:start position:0% as you know diana mentioned you know 00:43:22.560 --> 00:43:23.589 align:start position:0% as you know diana mentioned you know that 00:43:23.589 --> 00:43:23.599 align:start position:0% that 00:43:23.599 --> 00:43:25.589 align:start position:0% that this<00:43:23.839> is<00:43:24.000> a<00:43:24.079> pretty<00:43:24.400> large 00:43:25.589 --> 00:43:25.599 align:start position:0% this is a pretty large 00:43:25.599 --> 00:43:26.870 align:start position:0% this is a pretty large department 00:43:26.870 --> 00:43:26.880 align:start position:0% department 00:43:26.880 --> 00:43:29.270 align:start position:0% department in<00:43:27.040> terms<00:43:27.359> of<00:43:27.599> cost<00:43:28.079> associated<00:43:28.720> with<00:43:28.960> it<00:43:29.200> in 00:43:29.270 --> 00:43:29.280 align:start position:0% in terms of cost associated with it in 00:43:29.280 --> 00:43:30.870 align:start position:0% in terms of cost associated with it in comparison<00:43:29.760> to<00:43:29.920> others<00:43:30.240> in<00:43:30.319> town<00:43:30.720> it's 00:43:30.870 --> 00:43:30.880 align:start position:0% comparison to others in town it's 00:43:30.880 --> 00:43:33.750 align:start position:0% comparison to others in town it's probably<00:43:31.200> our<00:43:31.599> single<00:43:32.240> largest<00:43:32.800> contract 00:43:33.750 --> 00:43:33.760 align:start position:0% probably our single largest contract 00:43:33.760 --> 00:43:35.910 align:start position:0% probably our single largest contract that<00:43:33.920> the<00:43:34.079> town<00:43:34.400> holds 00:43:35.910 --> 00:43:35.920 align:start position:0% that the town holds 00:43:35.920 --> 00:43:38.230 align:start position:0% that the town holds but<00:43:36.160> it<00:43:36.400> also<00:43:37.119> entails<00:43:37.599> a<00:43:37.680> lot<00:43:37.839> of<00:43:37.920> different 00:43:38.230 --> 00:43:38.240 align:start position:0% but it also entails a lot of different 00:43:38.240 --> 00:43:41.030 align:start position:0% but it also entails a lot of different components<00:43:38.800> it's<00:43:39.119> how<00:43:39.440> people<00:43:39.839> are<00:43:40.079> sorting 00:43:41.030 --> 00:43:41.040 align:start position:0% components it's how people are sorting 00:43:41.040 --> 00:43:43.030 align:start position:0% components it's how people are sorting separating<00:43:42.240> their 00:43:43.030 --> 00:43:43.040 align:start position:0% separating their 00:43:43.040 --> 00:43:45.190 align:start position:0% separating their waste<00:43:43.680> and<00:43:43.760> the<00:43:43.920> recycling 00:43:45.190 --> 00:43:45.200 align:start position:0% waste and the recycling 00:43:45.200 --> 00:43:46.790 align:start position:0% waste and the recycling how<00:43:45.440> that<00:43:45.680> is<00:43:45.920> then 00:43:46.790 --> 00:43:46.800 align:start position:0% how that is then 00:43:46.800 --> 00:43:48.230 align:start position:0% how that is then set<00:43:47.040> at<00:43:47.200> the<00:43:47.359> curb 00:43:48.230 --> 00:43:48.240 align:start position:0% set at the curb 00:43:48.240 --> 00:43:50.230 align:start position:0% set at the curb the<00:43:48.480> process<00:43:49.040> of<00:43:49.200> collecting<00:43:49.760> it<00:43:50.000> is<00:43:50.160> a 00:43:50.230 --> 00:43:50.240 align:start position:0% the process of collecting it is a 00:43:50.240 --> 00:43:52.550 align:start position:0% the process of collecting it is a separate<00:43:50.560> contract<00:43:51.520> where<00:43:51.839> those<00:43:52.079> are<00:43:52.240> being 00:43:52.550 --> 00:43:52.560 align:start position:0% separate contract where those are being 00:43:52.560 --> 00:43:54.230 align:start position:0% separate contract where those are being delivered<00:43:53.040> in<00:43:53.200> the<00:43:53.280> markets<00:43:53.680> they're<00:43:53.920> going 00:43:54.230 --> 00:43:54.240 align:start position:0% delivered in the markets they're going 00:43:54.240 --> 00:43:55.030 align:start position:0% delivered in the markets they're going to 00:43:55.030 --> 00:43:55.040 align:start position:0% to 00:43:55.040 --> 00:43:56.309 align:start position:0% to and 00:43:56.309 --> 00:43:56.319 align:start position:0% and 00:43:56.319 --> 00:43:58.309 align:start position:0% and and<00:43:56.720> and<00:43:56.880> how<00:43:57.200> those<00:43:57.520> markets<00:43:57.920> are<00:43:58.000> handling 00:43:58.309 --> 00:43:58.319 align:start position:0% and and how those markets are handling 00:43:58.319 --> 00:44:00.390 align:start position:0% and and how those markets are handling because<00:43:58.480> that<00:43:58.880> has<00:43:59.119> a<00:43:59.359> trickle-down<00:44:00.000> effect 00:44:00.390 --> 00:44:00.400 align:start position:0% because that has a trickle-down effect 00:44:00.400 --> 00:44:03.109 align:start position:0% because that has a trickle-down effect on<00:44:00.800> on<00:44:01.040> our<00:44:01.280> costs<00:44:02.160> so 00:44:03.109 --> 00:44:03.119 align:start position:0% on on our costs so 00:44:03.119 --> 00:44:05.670 align:start position:0% on on our costs so it<00:44:03.280> is<00:44:03.440> very<00:44:03.760> comprehensive<00:44:04.560> there<00:44:04.800> is<00:44:05.359> very 00:44:05.670 --> 00:44:05.680 align:start position:0% it is very comprehensive there is very 00:44:05.680 --> 00:44:07.510 align:start position:0% it is very comprehensive there is very wide<00:44:06.160> in<00:44:06.240> terms<00:44:06.640> of 00:44:07.510 --> 00:44:07.520 align:start position:0% wide in terms of 00:44:07.520 --> 00:44:11.990 align:start position:0% wide in terms of where<00:44:08.000> where<00:44:08.480> impact<00:44:09.200> cost<00:44:09.599> impacts<00:44:10.079> are 00:44:11.990 --> 00:44:12.000 align:start position:0% where where impact cost impacts are 00:44:12.000 --> 00:44:14.230 align:start position:0% where where impact cost impacts are hitting<00:44:12.319> the<00:44:12.480> town<00:44:13.200> other<00:44:13.520> than<00:44:13.760> just<00:44:14.079> the 00:44:14.230 --> 00:44:14.240 align:start position:0% hitting the town other than just the 00:44:14.240 --> 00:44:16.150 align:start position:0% hitting the town other than just the recycling<00:44:14.880> costs<00:44:15.280> and<00:44:15.440> credits<00:44:15.839> i<00:44:15.920> just<00:44:16.000> think 00:44:16.150 --> 00:44:16.160 align:start position:0% recycling costs and credits i just think 00:44:16.160 --> 00:44:18.390 align:start position:0% recycling costs and credits i just think that's<00:44:16.480> important<00:44:17.200> so<00:44:17.760> i<00:44:17.839> think<00:44:18.079> we're 00:44:18.390 --> 00:44:18.400 align:start position:0% that's important so i think we're 00:44:18.400 --> 00:44:19.990 align:start position:0% that's important so i think we're looking<00:44:18.640> at<00:44:18.880> i<00:44:19.040> think<00:44:19.359> from<00:44:19.520> what<00:44:19.680> i<00:44:19.760> heard 00:44:19.990 --> 00:44:20.000 align:start position:0% looking at i think from what i heard 00:44:20.000 --> 00:44:23.510 align:start position:0% looking at i think from what i heard from<00:44:20.160> the<00:44:20.560> commission<00:44:21.520> uh<00:44:21.920> who<00:44:22.319> decided<00:44:22.800> to 00:44:23.510 --> 00:44:23.520 align:start position:0% from the commission uh who decided to 00:44:23.520 --> 00:44:25.430 align:start position:0% from the commission uh who decided to move<00:44:23.760> forward<00:44:24.079> with<00:44:24.240> this<00:44:24.560> study 00:44:25.430 --> 00:44:25.440 align:start position:0% move forward with this study 00:44:25.440 --> 00:44:26.550 align:start position:0% move forward with this study um 00:44:26.550 --> 00:44:26.560 align:start position:0% um 00:44:26.560 --> 00:44:28.630 align:start position:0% um is<00:44:26.960> that<00:44:27.119> they<00:44:27.280> want<00:44:27.520> to<00:44:27.599> look<00:44:27.839> at<00:44:28.079> this<00:44:28.319> isn't 00:44:28.630 --> 00:44:28.640 align:start position:0% is that they want to look at this isn't 00:44:28.640 --> 00:44:29.990 align:start position:0% is that they want to look at this isn't a<00:44:28.720> matter<00:44:29.119> of 00:44:29.990 --> 00:44:30.000 align:start position:0% a matter of 00:44:30.000 --> 00:44:32.790 align:start position:0% a matter of you<00:44:30.160> know<00:44:30.720> tweaking<00:44:31.440> we<00:44:31.599> don't<00:44:31.839> expect<00:44:32.480> one 00:44:32.790 --> 00:44:32.800 align:start position:0% you know tweaking we don't expect one 00:44:32.800 --> 00:44:34.870 align:start position:0% you know tweaking we don't expect one aspect<00:44:33.280> of<00:44:33.440> it<00:44:33.599> it's<00:44:33.760> not<00:44:33.920> a<00:44:34.000> matter<00:44:34.319> of<00:44:34.560> hey 00:44:34.870 --> 00:44:34.880 align:start position:0% aspect of it it's not a matter of hey 00:44:34.880 --> 00:44:38.150 align:start position:0% aspect of it it's not a matter of hey help<00:44:35.200> us<00:44:35.359> with<00:44:35.920> communication<00:44:36.720> so<00:44:36.960> people<00:44:37.359> are 00:44:38.150 --> 00:44:38.160 align:start position:0% help us with communication so people are 00:44:38.160 --> 00:44:40.150 align:start position:0% help us with communication so people are sorting<00:44:38.640> to<00:44:38.880> how<00:44:39.040> we<00:44:39.200> want<00:44:39.440> them<00:44:39.520> to<00:44:39.680> sort<00:44:40.000> it 00:44:40.150 --> 00:44:40.160 align:start position:0% sorting to how we want them to sort it 00:44:40.160 --> 00:44:43.109 align:start position:0% sorting to how we want them to sort it under<00:44:40.400> our<00:44:40.560> current<00:44:40.880> system<00:44:41.599> there<00:44:41.920> this 00:44:43.109 --> 00:44:43.119 align:start position:0% under our current system there this 00:44:43.119 --> 00:44:47.349 align:start position:0% under our current system there this consultant<00:44:44.319> as<00:44:44.560> diana<00:44:44.960> had<00:44:45.520> uh<00:44:46.000> mentioned 00:44:47.349 --> 00:44:47.359 align:start position:0% consultant as diana had uh mentioned 00:44:47.359 --> 00:44:48.470 align:start position:0% consultant as diana had uh mentioned has 00:44:48.470 --> 00:44:48.480 align:start position:0% has 00:44:48.480 --> 00:44:50.390 align:start position:0% has a<00:44:48.880> lot<00:44:49.040> of<00:44:49.280> expertise 00:44:50.390 --> 00:44:50.400 align:start position:0% a lot of expertise 00:44:50.400 --> 00:44:51.910 align:start position:0% a lot of expertise in<00:44:50.720> the<00:44:51.119> uh 00:44:51.910 --> 00:44:51.920 align:start position:0% in the uh 00:44:51.920 --> 00:44:54.390 align:start position:0% in the uh in<00:44:52.000> this<00:44:52.319> field<00:44:53.119> uh<00:44:53.599> knowledge<00:44:54.079> of<00:44:54.240> the 00:44:54.390 --> 00:44:54.400 align:start position:0% in this field uh knowledge of the 00:44:54.400 --> 00:44:57.430 align:start position:0% in this field uh knowledge of the markets<00:44:55.359> uh<00:44:55.680> experience<00:44:56.400> with<00:44:56.640> connecticut 00:44:57.430 --> 00:44:57.440 align:start position:0% markets uh experience with connecticut 00:44:57.440 --> 00:44:59.670 align:start position:0% markets uh experience with connecticut uh 00:44:59.670 --> 00:44:59.680 align:start position:0% uh 00:44:59.680 --> 00:45:03.190 align:start position:0% uh regulations<00:45:00.720> uh<00:45:01.040> regarding<00:45:01.680> uh<00:45:02.400> waste<00:45:02.880> and 00:45:03.190 --> 00:45:03.200 align:start position:0% regulations uh regarding uh waste and 00:45:03.200 --> 00:45:04.390 align:start position:0% regulations uh regarding uh waste and recycling 00:45:04.390 --> 00:45:04.400 align:start position:0% recycling 00:45:04.400 --> 00:45:05.270 align:start position:0% recycling um 00:45:05.270 --> 00:45:05.280 align:start position:0% um 00:45:05.280 --> 00:45:06.150 align:start position:0% um so 00:45:06.150 --> 00:45:06.160 align:start position:0% so 00:45:06.160 --> 00:45:07.750 align:start position:0% so they're<00:45:06.400> going<00:45:06.480> to<00:45:06.720> give<00:45:07.040> come<00:45:07.280> back<00:45:07.440> with<00:45:07.680> a 00:45:07.750 --> 00:45:07.760 align:start position:0% they're going to give come back with a 00:45:07.760 --> 00:45:10.710 align:start position:0% they're going to give come back with a recommendation<00:45:08.480> that<00:45:08.720> may<00:45:09.119> actually<00:45:09.680> have 00:45:10.710 --> 00:45:10.720 align:start position:0% recommendation that may actually have 00:45:10.720 --> 00:45:11.750 align:start position:0% recommendation that may actually have uh 00:45:11.750 --> 00:45:11.760 align:start position:0% uh 00:45:11.760 --> 00:45:13.829 align:start position:0% uh a 00:45:13.829 --> 00:45:13.839 align:start position:0% a 00:45:13.839 --> 00:45:16.309 align:start position:0% a change<00:45:14.160> in<00:45:14.400> how<00:45:14.640> we're<00:45:14.800> doing<00:45:15.599> our<00:45:15.839> handling 00:45:16.309 --> 00:45:16.319 align:start position:0% change in how we're doing our handling 00:45:16.319 --> 00:45:19.349 align:start position:0% change in how we're doing our handling our<00:45:16.960> recycling<00:45:17.520> and<00:45:17.599> waste<00:45:18.000> now 00:45:19.349 --> 00:45:19.359 align:start position:0% our recycling and waste now 00:45:19.359 --> 00:45:22.710 align:start position:0% our recycling and waste now but<00:45:19.520> the<00:45:19.760> the<00:45:20.000> goal<00:45:20.720> is<00:45:20.960> to<00:45:21.599> get<00:45:21.760> some<00:45:22.000> control 00:45:22.710 --> 00:45:22.720 align:start position:0% but the the goal is to get some control 00:45:22.720 --> 00:45:25.030 align:start position:0% but the the goal is to get some control on<00:45:22.960> these<00:45:23.280> escalating<00:45:24.000> costs 00:45:25.030 --> 00:45:25.040 align:start position:0% on these escalating costs 00:45:25.040 --> 00:45:27.589 align:start position:0% on these escalating costs as<00:45:25.200> well<00:45:25.520> as<00:45:25.680> what<00:45:25.920> we<00:45:26.319> often<00:45:26.640> strive<00:45:27.040> for 00:45:27.589 --> 00:45:27.599 align:start position:0% as well as what we often strive for 00:45:27.599 --> 00:45:29.270 align:start position:0% as well as what we often strive for provide<00:45:28.079> stability 00:45:29.270 --> 00:45:29.280 align:start position:0% provide stability 00:45:29.280 --> 00:45:32.069 align:start position:0% provide stability for<00:45:29.920> a<00:45:30.079> number<00:45:30.319> of<00:45:30.480> years<00:45:30.880> out<00:45:31.359> so<00:45:31.520> we<00:45:31.680> can<00:45:31.839> have 00:45:32.069 --> 00:45:32.079 align:start position:0% for a number of years out so we can have 00:45:32.079 --> 00:45:34.790 align:start position:0% for a number of years out so we can have some<00:45:32.480> avoid<00:45:32.880> this<00:45:33.040> continuum<00:45:33.520> of<00:45:33.599> volatility 00:45:34.790 --> 00:45:34.800 align:start position:0% some avoid this continuum of volatility 00:45:34.800 --> 00:45:37.510 align:start position:0% some avoid this continuum of volatility within<00:45:35.200> the<00:45:35.520> uh<00:45:35.839> collection<00:45:36.880> yeah<00:45:37.200> thanks 00:45:37.510 --> 00:45:37.520 align:start position:0% within the uh collection yeah thanks 00:45:37.520 --> 00:45:39.430 align:start position:0% within the uh collection yeah thanks jamie<00:45:38.079> i<00:45:38.160> guess<00:45:38.319> one<00:45:38.480> of<00:45:38.560> my<00:45:38.800> questions<00:45:39.200> before 00:45:39.430 --> 00:45:39.440 align:start position:0% jamie i guess one of my questions before 00:45:39.440 --> 00:45:41.589 align:start position:0% jamie i guess one of my questions before i<00:45:39.520> turn<00:45:39.760> over<00:45:39.920> to<00:45:40.079> the<00:45:40.560> other<00:45:40.880> board<00:45:41.119> members 00:45:41.589 --> 00:45:41.599 align:start position:0% i turn over to the other board members 00:45:41.599 --> 00:45:44.150 align:start position:0% i turn over to the other board members is<00:45:42.160> is<00:45:42.319> that<00:45:42.800> there's<00:45:43.119> times<00:45:43.359> when<00:45:43.760> you<00:45:43.839> do<00:45:44.000> a 00:45:44.150 --> 00:45:44.160 align:start position:0% is is that there's times when you do a 00:45:44.160 --> 00:45:46.950 align:start position:0% is is that there's times when you do a study<00:45:44.880> then<00:45:45.040> that<00:45:45.280> leads<00:45:45.520> to<00:45:45.680> capital<00:45:46.160> items 00:45:46.950 --> 00:45:46.960 align:start position:0% study then that leads to capital items 00:45:46.960 --> 00:45:49.190 align:start position:0% study then that leads to capital items and<00:45:47.040> that<00:45:47.200> leads<00:45:47.440> to<00:45:48.079> bonding<00:45:48.800> and<00:45:48.960> other 00:45:49.190 --> 00:45:49.200 align:start position:0% and that leads to bonding and other 00:45:49.200 --> 00:45:52.230 align:start position:0% and that leads to bonding and other authorizations<00:45:50.480> and<00:45:50.720> so<00:45:51.119> do<00:45:51.280> you<00:45:51.520> anticipate 00:45:52.230 --> 00:45:52.240 align:start position:0% authorizations and so do you anticipate 00:45:52.240 --> 00:45:55.589 align:start position:0% authorizations and so do you anticipate any<00:45:52.560> of<00:45:52.880> the<00:45:53.440> capital<00:45:54.000> requests<00:45:54.720> coming<00:45:55.359> as<00:45:55.520> a 00:45:55.589 --> 00:45:55.599 align:start position:0% any of the capital requests coming as a 00:45:55.599 --> 00:45:57.750 align:start position:0% any of the capital requests coming as a result<00:45:55.920> of<00:45:56.000> the<00:45:56.160> study<00:45:56.400> or<00:45:56.640> is<00:45:56.720> it<00:45:56.880> more 00:45:57.750 --> 00:45:57.760 align:start position:0% result of the study or is it more 00:45:57.760 --> 00:46:00.390 align:start position:0% result of the study or is it more based<00:45:58.160> for<00:45:58.400> the<00:45:58.640> operational<00:45:59.440> budget 00:46:00.390 --> 00:46:00.400 align:start position:0% based for the operational budget 00:46:00.400 --> 00:46:02.309 align:start position:0% based for the operational budget this<00:46:00.640> is<00:46:00.880> more<00:46:01.200> looking<00:46:01.440> at<00:46:01.599> the<00:46:01.680> operational 00:46:02.309 --> 00:46:02.319 align:start position:0% this is more looking at the operational 00:46:02.319 --> 00:46:03.829 align:start position:0% this is more looking at the operational budget 00:46:03.829 --> 00:46:03.839 align:start position:0% budget 00:46:03.839 --> 00:46:06.630 align:start position:0% budget i<00:46:04.000> don't<00:46:04.640> i<00:46:04.800> mean<00:46:04.960> i<00:46:05.040> don't<00:46:05.280> anticipate<00:46:06.079> um<00:46:06.560> you 00:46:06.630 --> 00:46:06.640 align:start position:0% i don't i mean i don't anticipate um you 00:46:06.640 --> 00:46:07.589 align:start position:0% i don't i mean i don't anticipate um you know<00:46:06.800> any 00:46:07.589 --> 00:46:07.599 align:start position:0% know any 00:46:07.599 --> 00:46:09.829 align:start position:0% know any capital<00:46:08.000> projects<00:46:08.400> coming<00:46:08.640> out<00:46:08.800> of<00:46:08.960> this<00:46:09.599> but 00:46:09.829 --> 00:46:09.839 align:start position:0% capital projects coming out of this but 00:46:09.839 --> 00:46:11.430 align:start position:0% capital projects coming out of this but i<00:46:10.000> wouldn't<00:46:10.319> um 00:46:11.430 --> 00:46:11.440 align:start position:0% i wouldn't um 00:46:11.440 --> 00:46:13.910 align:start position:0% i wouldn't um i<00:46:11.680> wouldn't<00:46:12.160> uh 00:46:13.910 --> 00:46:13.920 align:start position:0% i wouldn't uh 00:46:13.920 --> 00:46:16.550 align:start position:0% i wouldn't uh you<00:46:14.000> know<00:46:14.240> say<00:46:14.400> that<00:46:14.960> it's<00:46:15.200> out<00:46:15.359> of<00:46:15.440> the<00:46:15.599> realm 00:46:16.550 --> 00:46:16.560 align:start position:0% you know say that it's out of the realm 00:46:16.560 --> 00:46:18.710 align:start position:0% you know say that it's out of the realm um<00:46:16.880> we<00:46:17.040> have<00:46:17.280> asked<00:46:17.520> them<00:46:17.839> to<00:46:18.079> look<00:46:18.400> at<00:46:18.480> the 00:46:18.710 --> 00:46:18.720 align:start position:0% um we have asked them to look at the 00:46:18.720 --> 00:46:20.550 align:start position:0% um we have asked them to look at the difference<00:46:19.280> between 00:46:20.550 --> 00:46:20.560 align:start position:0% difference between 00:46:20.560 --> 00:46:21.510 align:start position:0% difference between um 00:46:21.510 --> 00:46:21.520 align:start position:0% um 00:46:21.520 --> 00:46:23.829 align:start position:0% um continuing<00:46:22.240> to<00:46:22.480> outsource 00:46:23.829 --> 00:46:23.839 align:start position:0% continuing to outsource 00:46:23.839 --> 00:46:26.069 align:start position:0% continuing to outsource one<00:46:24.079> of<00:46:24.240> uh<00:46:24.720> you<00:46:24.880> know<00:46:25.119> the<00:46:25.280> system<00:46:25.760> that<00:46:25.920> we 00:46:26.069 --> 00:46:26.079 align:start position:0% one of uh you know the system that we 00:46:26.079 --> 00:46:27.589 align:start position:0% one of uh you know the system that we have<00:46:26.319> now<00:46:26.720> so 00:46:27.589 --> 00:46:27.599 align:start position:0% have now so 00:46:27.599 --> 00:46:30.390 align:start position:0% have now so if<00:46:28.000> one<00:46:28.240> of<00:46:28.400> our<00:46:28.560> issues<00:46:28.960> is<00:46:29.440> uh<00:46:29.920> quality 00:46:30.390 --> 00:46:30.400 align:start position:0% if one of our issues is uh quality 00:46:30.400 --> 00:46:32.069 align:start position:0% if one of our issues is uh quality control<00:46:30.880> at<00:46:30.960> the<00:46:31.119> curb 00:46:32.069 --> 00:46:32.079 align:start position:0% control at the curb 00:46:32.079 --> 00:46:33.109 align:start position:0% control at the curb and 00:46:33.109 --> 00:46:33.119 align:start position:0% and 00:46:33.119 --> 00:46:34.550 align:start position:0% and there<00:46:33.280> are<00:46:33.440> residents<00:46:33.920> out<00:46:34.000> there<00:46:34.160> who<00:46:34.319> have 00:46:34.550 --> 00:46:34.560 align:start position:0% there are residents out there who have 00:46:34.560 --> 00:46:37.190 align:start position:0% there are residents out there who have sent<00:46:34.800> us<00:46:34.960> videos<00:46:35.359> of<00:46:35.520> the<00:46:35.680> curbside<00:46:36.160> collector 00:46:37.190 --> 00:46:37.200 align:start position:0% sent us videos of the curbside collector 00:46:37.200 --> 00:46:39.510 align:start position:0% sent us videos of the curbside collector mixing<00:46:37.599> recycling<00:46:38.160> in<00:46:38.240> with<00:46:38.400> the<00:46:38.480> trash 00:46:39.510 --> 00:46:39.520 align:start position:0% mixing recycling in with the trash 00:46:39.520 --> 00:46:41.670 align:start position:0% mixing recycling in with the trash and<00:46:39.839> and<00:46:40.000> we<00:46:40.240> we<00:46:40.400> don't<00:46:40.560> want<00:46:40.720> that<00:46:40.960> so<00:46:41.119> if<00:46:41.520> the 00:46:41.670 --> 00:46:41.680 align:start position:0% and and we we don't want that so if the 00:46:41.680 --> 00:46:43.910 align:start position:0% and and we we don't want that so if the end<00:46:41.920> result<00:46:42.240> is<00:46:42.400> a<00:46:42.480> recommendation<00:46:43.200> to<00:46:43.760> you 00:46:43.910 --> 00:46:43.920 align:start position:0% end result is a recommendation to you 00:46:43.920 --> 00:46:45.910 align:start position:0% end result is a recommendation to you really<00:46:44.079> need<00:46:44.240> to<00:46:44.400> own<00:46:44.720> your<00:46:44.960> own<00:46:45.359> collection 00:46:45.910 --> 00:46:45.920 align:start position:0% really need to own your own collection 00:46:45.920 --> 00:46:47.670 align:start position:0% really need to own your own collection process<00:46:46.880> then<00:46:47.200> that<00:46:47.359> will<00:46:47.440> be<00:46:47.599> the 00:46:47.670 --> 00:46:47.680 align:start position:0% process then that will be the 00:46:47.680 --> 00:46:49.510 align:start position:0% process then that will be the recommendation<00:46:48.240> at<00:46:48.319> the<00:46:48.400> end<00:46:48.560> of<00:46:48.640> the<00:46:49.280> the 00:46:49.510 --> 00:46:49.520 align:start position:0% recommendation at the end of the the 00:46:49.520 --> 00:46:50.710 align:start position:0% recommendation at the end of the the study<00:46:49.760> and<00:46:49.839> that<00:46:50.079> is<00:46:50.160> one<00:46:50.319> thing<00:46:50.480> that<00:46:50.640> the 00:46:50.710 --> 00:46:50.720 align:start position:0% study and that is one thing that the 00:46:50.720 --> 00:46:52.230 align:start position:0% study and that is one thing that the solid<00:46:50.960> waste<00:46:51.200> commission<00:46:51.599> has<00:46:51.839> asked<00:46:52.000> them<00:46:52.160> to 00:46:52.230 --> 00:46:52.240 align:start position:0% solid waste commission has asked them to 00:46:52.240 --> 00:46:53.910 align:start position:0% solid waste commission has asked them to look<00:46:52.480> into<00:46:52.800> they<00:46:52.960> want<00:46:53.119> to<00:46:53.200> see 00:46:53.910 --> 00:46:53.920 align:start position:0% look into they want to see 00:46:53.920 --> 00:46:55.510 align:start position:0% look into they want to see you<00:46:54.000> know<00:46:54.160> the<00:46:54.319> economics<00:46:54.800> between<00:46:55.200> both<00:46:55.440> of 00:46:55.510 --> 00:46:55.520 align:start position:0% you know the economics between both of 00:46:55.520 --> 00:46:57.910 align:start position:0% you know the economics between both of those<00:46:55.760> processes<00:46:56.720> but<00:46:56.960> as<00:46:57.119> far<00:46:57.280> as<00:46:57.599> you<00:46:57.680> know<00:46:57.839> a 00:46:57.910 --> 00:46:57.920 align:start position:0% those processes but as far as you know a 00:46:57.920 --> 00:46:59.670 align:start position:0% those processes but as far as you know a big<00:46:58.240> capital<00:46:58.640> project<00:46:58.960> down<00:46:59.119> at<00:46:59.200> the<00:46:59.280> transfer 00:46:59.670 --> 00:46:59.680 align:start position:0% big capital project down at the transfer 00:46:59.680 --> 00:47:00.950 align:start position:0% big capital project down at the transfer station<00:46:59.920> i<00:47:00.000> don't<00:47:00.240> anticipate<00:47:00.720> that 00:47:00.950 --> 00:47:00.960 align:start position:0% station i don't anticipate that 00:47:00.960 --> 00:47:02.150 align:start position:0% station i don't anticipate that absolutely 00:47:02.150 --> 00:47:02.160 align:start position:0% absolutely 00:47:02.160 --> 00:47:03.270 align:start position:0% absolutely yeah<00:47:02.400> and 00:47:03.270 --> 00:47:03.280 align:start position:0% yeah and 00:47:03.280 --> 00:47:05.670 align:start position:0% yeah and joe<00:47:03.599> i<00:47:03.680> would<00:47:03.839> just<00:47:04.079> add<00:47:04.400> if<00:47:04.880> if<00:47:05.119> something<00:47:05.599> i 00:47:05.670 --> 00:47:05.680 align:start position:0% joe i would just add if if something i 00:47:05.680 --> 00:47:08.280 align:start position:0% joe i would just add if if something i mean<00:47:05.839> we're<00:47:06.079> looking<00:47:06.400> at<00:47:07.040> the<00:47:07.280> total<00:47:07.680> cost<00:47:08.079> so 00:47:08.280 --> 00:47:08.290 align:start position:0% mean we're looking at the total cost so 00:47:08.290 --> 00:47:09.589 align:start position:0% mean we're looking at the total cost so [Music] 00:47:09.589 --> 00:47:09.599 align:start position:0% [Music] 00:47:09.599 --> 00:47:11.910 align:start position:0% [Music] if<00:47:09.839> something<00:47:10.160> was<00:47:10.400> to<00:47:10.560> be<00:47:11.119> uh<00:47:11.359> recommended 00:47:11.910 --> 00:47:11.920 align:start position:0% if something was to be uh recommended 00:47:11.920 --> 00:47:14.309 align:start position:0% if something was to be uh recommended self-perform<00:47:12.720> obviously<00:47:13.680> we<00:47:13.839> would<00:47:14.079> come 00:47:14.309 --> 00:47:14.319 align:start position:0% self-perform obviously we would come 00:47:14.319 --> 00:47:16.550 align:start position:0% self-perform obviously we would come back<00:47:14.560> and<00:47:14.720> evaluate<00:47:15.359> or<00:47:15.680> they<00:47:15.839> would<00:47:16.079> evaluate 00:47:16.550 --> 00:47:16.560 align:start position:0% back and evaluate or they would evaluate 00:47:16.560 --> 00:47:18.950 align:start position:0% back and evaluate or they would evaluate the<00:47:16.720> total<00:47:17.280> uh<00:47:17.520> the<00:47:17.760> cost<00:47:18.079> in<00:47:18.240> the<00:47:18.319> constant 00:47:18.950 --> 00:47:18.960 align:start position:0% the total uh the cost in the constant 00:47:18.960 --> 00:47:20.230 align:start position:0% the total uh the cost in the constant because<00:47:19.280> we<00:47:19.520> do 00:47:20.230 --> 00:47:20.240 align:start position:0% because we do 00:47:20.240 --> 00:47:21.430 align:start position:0% because we do thank<00:47:20.400> you 00:47:21.430 --> 00:47:21.440 align:start position:0% thank you 00:47:21.440 --> 00:47:22.829 align:start position:0% thank you questions 00:47:22.829 --> 00:47:22.839 align:start position:0% questions 00:47:22.839 --> 00:47:26.230 align:start position:0% questions charlie<00:47:24.079> what's<00:47:24.400> the<00:47:24.640> timing<00:47:25.119> of<00:47:25.200> this<00:47:25.839> study 00:47:26.230 --> 00:47:26.240 align:start position:0% charlie what's the timing of this study 00:47:26.240 --> 00:47:28.230 align:start position:0% charlie what's the timing of this study then<00:47:26.480> when<00:47:26.640> do<00:47:26.800> we<00:47:26.960> get<00:47:27.119> to<00:47:27.280> see<00:47:27.440> the 00:47:28.230 --> 00:47:28.240 align:start position:0% then when do we get to see the 00:47:28.240 --> 00:47:30.390 align:start position:0% then when do we get to see the uh<00:47:28.480> the<00:47:28.640> result<00:47:29.119> of<00:47:29.200> this<00:47:29.680> you<00:47:29.839> know<00:47:30.000> 10-year 00:47:30.390 --> 00:47:30.400 align:start position:0% uh the result of this you know 10-year 00:47:30.400 --> 00:47:34.069 align:start position:0% uh the result of this you know 10-year plan<00:47:31.119> about<00:47:31.359> 18<00:47:31.760> weeks<00:47:32.319> 18<00:47:32.800> weeks<00:47:33.200> 16<00:47:33.599> to<00:47:33.760> 18 00:47:34.069 --> 00:47:34.079 align:start position:0% plan about 18 weeks 18 weeks 16 to 18 00:47:34.079 --> 00:47:36.710 align:start position:0% plan about 18 weeks 18 weeks 16 to 18 weeks<00:47:34.319> yes<00:47:34.880> sir 00:47:36.710 --> 00:47:36.720 align:start position:0% weeks yes sir 00:47:36.720 --> 00:47:39.349 align:start position:0% weeks yes sir 18<00:47:37.119> weeks<00:47:37.359> from<00:47:37.680> when<00:47:38.319> um<00:47:38.880> i<00:47:38.960> believe<00:47:39.200> from 00:47:39.349 --> 00:47:39.359 align:start position:0% 18 weeks from when um i believe from 00:47:39.359 --> 00:47:41.829 align:start position:0% 18 weeks from when um i believe from when<00:47:39.599> it's<00:47:39.760> approved<00:47:40.319> or<00:47:40.960> after<00:47:41.280> it's<00:47:41.680> been 00:47:41.829 --> 00:47:41.839 align:start position:0% when it's approved or after it's been 00:47:41.839 --> 00:47:44.150 align:start position:0% when it's approved or after it's been voted<00:47:42.160> once<00:47:42.480> next<00:47:42.720> rtm<00:47:43.200> funding<00:47:43.520> is<00:47:43.680> in<00:47:43.920> place 00:47:44.150 --> 00:47:44.160 align:start position:0% voted once next rtm funding is in place 00:47:44.160 --> 00:47:46.630 align:start position:0% voted once next rtm funding is in place so<00:47:44.400> if<00:47:44.559> it<00:47:44.640> were<00:47:44.800> to<00:47:45.280> pass<00:47:45.520> tonight<00:47:46.160> it<00:47:46.319> goes<00:47:46.559> to 00:47:46.630 --> 00:47:46.640 align:start position:0% so if it were to pass tonight it goes to 00:47:46.640 --> 00:47:49.750 align:start position:0% so if it were to pass tonight it goes to the<00:47:46.720> rtm<00:47:47.280> next<00:47:47.520> week<00:47:47.760> funding<00:47:48.079> is<00:47:48.240> in<00:47:48.319> place 00:47:49.750 --> 00:47:49.760 align:start position:0% the rtm next week funding is in place 00:47:49.760 --> 00:47:52.870 align:start position:0% the rtm next week funding is in place contractual<00:47:50.640> the<00:47:50.800> contracted<00:47:51.440> states 00:47:52.870 --> 00:47:52.880 align:start position:0% contractual the contracted states 00:47:52.880 --> 00:47:55.109 align:start position:0% contractual the contracted states deliverable<00:47:53.520> in<00:47:53.760> 18<00:47:54.240> weeks 00:47:55.109 --> 00:47:55.119 align:start position:0% deliverable in 18 weeks 00:47:55.119 --> 00:47:57.109 align:start position:0% deliverable in 18 weeks the<00:47:55.280> goal<00:47:55.599> is<00:47:55.760> really<00:47:56.160> um 00:47:57.109 --> 00:47:57.119 align:start position:0% the goal is really um 00:47:57.119 --> 00:47:59.589 align:start position:0% the goal is really um you<00:47:57.280> know<00:47:57.440> just<00:47:57.920> try<00:47:58.160> to<00:47:58.480> you<00:47:58.559> know<00:47:58.800> get<00:47:58.960> this 00:47:59.589 --> 00:47:59.599 align:start position:0% you know just try to you know get this 00:47:59.599 --> 00:48:02.950 align:start position:0% you know just try to you know get this back<00:47:59.839> and<00:47:59.920> have<00:48:00.160> understand<00:48:00.800> you<00:48:00.880> know 00:48:02.950 --> 00:48:02.960 align:start position:0% back and have understand you know 00:48:02.960 --> 00:48:05.829 align:start position:0% back and have understand you know prior<00:48:03.599> so<00:48:03.760> we<00:48:03.920> can<00:48:04.000> make<00:48:04.240> some<00:48:04.480> decisions<00:48:05.440> uh 00:48:05.829 --> 00:48:05.839 align:start position:0% prior so we can make some decisions uh 00:48:05.839 --> 00:48:07.670 align:start position:0% prior so we can make some decisions uh if<00:48:06.000> there<00:48:06.160> has<00:48:06.319> to<00:48:06.400> be<00:48:06.559> a<00:48:06.640> change<00:48:06.880> in<00:48:07.040> contracts 00:48:07.670 --> 00:48:07.680 align:start position:0% if there has to be a change in contracts 00:48:07.680 --> 00:48:09.589 align:start position:0% if there has to be a change in contracts and<00:48:07.760> we<00:48:07.920> do<00:48:08.079> have<00:48:08.240> some<00:48:08.720> contracts<00:48:09.280> that<00:48:09.440> are 00:48:09.589 --> 00:48:09.599 align:start position:0% and we do have some contracts that are 00:48:09.599 --> 00:48:12.790 align:start position:0% and we do have some contracts that are expiring<00:48:10.400> june<00:48:10.640> 30th<00:48:11.119> 2022. 00:48:12.790 --> 00:48:12.800 align:start position:0% expiring june 30th 2022. 00:48:12.800 --> 00:48:13.910 align:start position:0% expiring june 30th 2022. so 00:48:13.910 --> 00:48:13.920 align:start position:0% so 00:48:13.920 --> 00:48:16.230 align:start position:0% so we're<00:48:14.079> going<00:48:14.240> to<00:48:14.319> be<00:48:14.480> in<00:48:14.800> good<00:48:15.040> shape<00:48:15.760> yeah 00:48:16.230 --> 00:48:16.240 align:start position:0% we're going to be in good shape yeah 00:48:16.240 --> 00:48:18.150 align:start position:0% we're going to be in good shape yeah it's<00:48:16.720> from<00:48:16.960> when<00:48:17.119> we<00:48:17.200> go<00:48:17.440> out<00:48:17.599> i'm<00:48:17.760> sorry<00:48:18.000> if<00:48:18.079> i 00:48:18.150 --> 00:48:18.160 align:start position:0% it's from when we go out i'm sorry if i 00:48:18.160 --> 00:48:19.670 align:start position:0% it's from when we go out i'm sorry if i may<00:48:18.400> just<00:48:18.559> had<00:48:18.640> add 00:48:19.670 --> 00:48:19.680 align:start position:0% may just had add 00:48:19.680 --> 00:48:21.349 align:start position:0% may just had add thank<00:48:19.920> you<00:48:20.400> um 00:48:21.349 --> 00:48:21.359 align:start position:0% thank you um 00:48:21.359 --> 00:48:22.150 align:start position:0% thank you um you<00:48:21.440> know 00:48:22.150 --> 00:48:22.160 align:start position:0% you know 00:48:22.160 --> 00:48:25.430 align:start position:0% you know in<00:48:22.319> order<00:48:22.720> to<00:48:23.040> start<00:48:23.520> new<00:48:24.000> uh<00:48:24.400> contracts<00:48:24.960> july 00:48:25.430 --> 00:48:25.440 align:start position:0% in order to start new uh contracts july 00:48:25.440 --> 00:48:26.309 align:start position:0% in order to start new uh contracts july 1 00:48:26.309 --> 00:48:26.319 align:start position:0% 1 00:48:26.319 --> 00:48:28.470 align:start position:0% 1 um<00:48:26.800> we<00:48:26.960> need<00:48:27.119> to<00:48:27.280> give<00:48:27.839> companies<00:48:28.319> the 00:48:28.470 --> 00:48:28.480 align:start position:0% um we need to give companies the 00:48:28.480 --> 00:48:30.309 align:start position:0% um we need to give companies the opportunity<00:48:29.040> to<00:48:29.520> make<00:48:29.680> sure<00:48:29.839> they<00:48:30.000> have<00:48:30.160> the 00:48:30.309 --> 00:48:30.319 align:start position:0% opportunity to make sure they have the 00:48:30.319 --> 00:48:32.390 align:start position:0% opportunity to make sure they have the right<00:48:30.559> equipment<00:48:31.200> which<00:48:31.440> is<00:48:31.599> roughly<00:48:32.079> three 00:48:32.390 --> 00:48:32.400 align:start position:0% right equipment which is roughly three 00:48:32.400 --> 00:48:33.430 align:start position:0% right equipment which is roughly three months 00:48:33.430 --> 00:48:33.440 align:start position:0% months 00:48:33.440 --> 00:48:35.190 align:start position:0% months um<00:48:34.079> so<00:48:34.400> you<00:48:34.480> know 00:48:35.190 --> 00:48:35.200 align:start position:0% um so you know 00:48:35.200 --> 00:48:36.710 align:start position:0% um so you know june<00:48:35.920> may 00:48:36.710 --> 00:48:36.720 align:start position:0% june may 00:48:36.720 --> 00:48:40.150 align:start position:0% june may april<00:48:37.440> so<00:48:37.760> our<00:48:38.079> you<00:48:38.160> know<00:48:38.319> our<00:48:38.559> rfp<00:48:39.440> time<00:48:39.760> frame 00:48:40.150 --> 00:48:40.160 align:start position:0% april so our you know our rfp time frame 00:48:40.160 --> 00:48:42.710 align:start position:0% april so our you know our rfp time frame is<00:48:40.400> around<00:48:40.880> the<00:48:41.040> end<00:48:41.200> of<00:48:41.359> february<00:48:41.920> march<00:48:42.640> and 00:48:42.710 --> 00:48:42.720 align:start position:0% is around the end of february march and 00:48:42.720 --> 00:48:44.390 align:start position:0% is around the end of february march and we<00:48:42.880> need<00:48:43.040> to<00:48:43.119> give<00:48:43.280> this<00:48:43.440> organization<00:48:44.160> time 00:48:44.390 --> 00:48:44.400 align:start position:0% we need to give this organization time 00:48:44.400 --> 00:48:46.790 align:start position:0% we need to give this organization time to<00:48:44.559> review<00:48:44.960> our<00:48:45.119> contracts<00:48:46.240> so<00:48:46.400> that<00:48:46.480> we<00:48:46.640> make 00:48:46.790 --> 00:48:46.800 align:start position:0% to review our contracts so that we make 00:48:46.800 --> 00:48:48.150 align:start position:0% to review our contracts so that we make sure<00:48:47.040> we're<00:48:47.200> going<00:48:47.359> out<00:48:47.520> with<00:48:47.680> our<00:48:47.760> best<00:48:48.000> foot 00:48:48.150 --> 00:48:48.160 align:start position:0% sure we're going out with our best foot 00:48:48.160 --> 00:48:49.190 align:start position:0% sure we're going out with our best foot forward 00:48:49.190 --> 00:48:49.200 align:start position:0% forward 00:48:49.200 --> 00:48:52.790 align:start position:0% forward good<00:48:49.839> thank<00:48:50.000> you<00:48:50.319> sure<00:48:50.720> thanks 00:48:52.790 --> 00:48:52.800 align:start position:0% good thank you sure thanks 00:48:52.800 --> 00:48:54.549 align:start position:0% good thank you sure thanks thank<00:48:52.960> you<00:48:53.040> mr<00:48:53.359> chairman<00:48:53.839> so<00:48:54.079> just<00:48:54.240> a<00:48:54.319> couple 00:48:54.549 --> 00:48:54.559 align:start position:0% thank you mr chairman so just a couple 00:48:54.559 --> 00:48:56.950 align:start position:0% thank you mr chairman so just a couple of<00:48:54.720> questions<00:48:55.200> so<00:48:55.599> i<00:48:55.839> look<00:48:56.000> at<00:48:56.079> this<00:48:56.319> chart<00:48:56.720> so 00:48:56.950 --> 00:48:56.960 align:start position:0% of questions so i look at this chart so 00:48:56.960 --> 00:48:59.190 align:start position:0% of questions so i look at this chart so it's<00:48:57.200> cost<00:48:57.680> versus<00:48:58.160> credits 00:48:59.190 --> 00:48:59.200 align:start position:0% it's cost versus credits 00:48:59.200 --> 00:49:01.030 align:start position:0% it's cost versus credits so<00:48:59.839> we're<00:49:00.000> not<00:49:00.160> going<00:49:00.240> to<00:49:00.319> get<00:49:00.480> any<00:49:00.720> higher 00:49:01.030 --> 00:49:01.040 align:start position:0% so we're not going to get any higher 00:49:01.040 --> 00:49:03.670 align:start position:0% so we're not going to get any higher credits<00:49:02.240> correct 00:49:03.670 --> 00:49:03.680 align:start position:0% credits correct 00:49:03.680 --> 00:49:05.670 align:start position:0% credits correct i<00:49:03.839> think<00:49:04.079> i<00:49:04.160> think<00:49:04.400> we<00:49:04.559> will<00:49:05.119> how<00:49:05.280> do<00:49:05.440> we<00:49:05.520> do 00:49:05.670 --> 00:49:05.680 align:start position:0% i think i think we will how do we do 00:49:05.680 --> 00:49:06.630 align:start position:0% i think i think we will how do we do that 00:49:06.630 --> 00:49:06.640 align:start position:0% that 00:49:06.640 --> 00:49:08.309 align:start position:0% that that's<00:49:06.880> a<00:49:07.040> great<00:49:07.359> question 00:49:08.309 --> 00:49:08.319 align:start position:0% that's a great question 00:49:08.319 --> 00:49:09.190 align:start position:0% that's a great question um 00:49:09.190 --> 00:49:09.200 align:start position:0% um 00:49:09.200 --> 00:49:11.190 align:start position:0% um so<00:49:09.359> i<00:49:09.440> think<00:49:09.599> if<00:49:09.760> the<00:49:09.920> process<00:49:10.400> is<00:49:10.880> think<00:49:11.119> of 00:49:11.190 --> 00:49:11.200 align:start position:0% so i think if the process is think of 00:49:11.200 --> 00:49:15.270 align:start position:0% so i think if the process is think of like<00:49:11.440> a<00:49:11.839> chain<00:49:12.559> and<00:49:12.800> every<00:49:13.119> link<00:49:13.599> is<00:49:13.760> a<00:49:13.839> little 00:49:15.270 --> 00:49:15.280 align:start position:0% like a chain and every link is a little 00:49:15.280 --> 00:49:17.510 align:start position:0% like a chain and every link is a little broken<00:49:15.680> needs<00:49:15.920> a<00:49:16.000> little<00:49:16.240> tlc 00:49:17.510 --> 00:49:17.520 align:start position:0% broken needs a little tlc 00:49:17.520 --> 00:49:18.390 align:start position:0% broken needs a little tlc um 00:49:18.390 --> 00:49:18.400 align:start position:0% um 00:49:18.400 --> 00:49:19.270 align:start position:0% um and 00:49:19.270 --> 00:49:19.280 align:start position:0% and 00:49:19.280 --> 00:49:22.309 align:start position:0% and and<00:49:19.599> so<00:49:20.240> we<00:49:20.400> need<00:49:20.640> to<00:49:20.720> work<00:49:20.960> on<00:49:21.119> that<00:49:21.680> the<00:49:21.920> the 00:49:22.309 --> 00:49:22.319 align:start position:0% and so we need to work on that the the 00:49:22.319 --> 00:49:25.750 align:start position:0% and so we need to work on that the the first<00:49:22.720> issue<00:49:23.440> with<00:49:23.760> these<00:49:24.000> recycling<00:49:24.640> streams 00:49:25.750 --> 00:49:25.760 align:start position:0% first issue with these recycling streams 00:49:25.760 --> 00:49:27.829 align:start position:0% first issue with these recycling streams is<00:49:26.000> you<00:49:26.079> know<00:49:26.319> is<00:49:26.480> subject<00:49:26.800> to<00:49:26.960> the<00:49:27.040> market 00:49:27.829 --> 00:49:27.839 align:start position:0% is you know is subject to the market 00:49:27.839 --> 00:49:29.510 align:start position:0% is you know is subject to the market right<00:49:28.160> correct<00:49:28.640> and<00:49:28.720> you<00:49:28.880> have<00:49:28.960> no<00:49:29.119> control 00:49:29.510 --> 00:49:29.520 align:start position:0% right correct and you have no control 00:49:29.520 --> 00:49:31.510 align:start position:0% right correct and you have no control over<00:49:29.680> that<00:49:30.160> we<00:49:30.319> don't<00:49:30.640> right<00:49:30.880> and<00:49:31.040> i<00:49:31.200> can<00:49:31.359> tell 00:49:31.510 --> 00:49:31.520 align:start position:0% over that we don't right and i can tell 00:49:31.520 --> 00:49:33.750 align:start position:0% over that we don't right and i can tell you<00:49:31.599> right<00:49:31.839> now<00:49:32.160> scrap<00:49:32.559> metal<00:49:32.960> has<00:49:33.119> been<00:49:33.440> the 00:49:33.750 --> 00:49:33.760 align:start position:0% you right now scrap metal has been the 00:49:33.760 --> 00:49:35.990 align:start position:0% you right now scrap metal has been the best<00:49:34.079> friend<00:49:34.480> the<00:49:34.559> town<00:49:34.800> of<00:49:34.880> brantford<00:49:35.839> for 00:49:35.990 --> 00:49:36.000 align:start position:0% best friend the town of brantford for 00:49:36.000 --> 00:49:38.710 align:start position:0% best friend the town of brantford for the<00:49:36.079> past<00:49:36.400> 10<00:49:36.640> years<00:49:36.960> that<00:49:37.359> market<00:49:37.760> has<00:49:37.920> been 00:49:38.710 --> 00:49:38.720 align:start position:0% the past 10 years that market has been 00:49:38.720 --> 00:49:41.670 align:start position:0% the past 10 years that market has been stable<00:49:39.599> um<00:49:39.920> over<00:49:40.160> the<00:49:40.240> past<00:49:40.640> four<00:49:40.960> months 00:49:41.670 --> 00:49:41.680 align:start position:0% stable um over the past four months 00:49:41.680 --> 00:49:43.750 align:start position:0% stable um over the past four months we've<00:49:41.920> seen<00:49:42.240> the<00:49:42.480> cardboard<00:49:43.119> market<00:49:43.520> come 00:49:43.750 --> 00:49:43.760 align:start position:0% we've seen the cardboard market come 00:49:43.760 --> 00:49:44.630 align:start position:0% we've seen the cardboard market come back 00:49:44.630 --> 00:49:44.640 align:start position:0% back 00:49:44.640 --> 00:49:47.510 align:start position:0% back tremendously<00:49:45.760> i<00:49:45.839> think<00:49:46.160> uh<00:49:46.800> last<00:49:47.119> i<00:49:47.280> checked 00:49:47.510 --> 00:49:47.520 align:start position:0% tremendously i think uh last i checked 00:49:47.520 --> 00:49:49.910 align:start position:0% tremendously i think uh last i checked it<00:49:47.599> was<00:49:47.760> about<00:49:48.480> 60<00:49:49.200> a<00:49:49.280> ton<00:49:49.520> that<00:49:49.680> we<00:49:49.760> were 00:49:49.910 --> 00:49:49.920 align:start position:0% it was about 60 a ton that we were 00:49:49.920 --> 00:49:51.030 align:start position:0% it was about 60 a ton that we were getting 00:49:51.030 --> 00:49:51.040 align:start position:0% getting 00:49:51.040 --> 00:49:53.670 align:start position:0% getting um<00:49:51.359> so<00:49:51.760> we<00:49:52.000> see<00:49:52.240> that<00:49:52.400> market<00:49:52.800> come<00:49:52.960> back<00:49:53.280> where 00:49:53.670 --> 00:49:53.680 align:start position:0% um so we see that market come back where 00:49:53.680 --> 00:49:55.510 align:start position:0% um so we see that market come back where a<00:49:53.839> year<00:49:54.079> or<00:49:54.160> two<00:49:54.319> ago<00:49:54.640> it<00:49:54.880> wasn't<00:49:55.200> at<00:49:55.280> that 00:49:55.510 --> 00:49:55.520 align:start position:0% a year or two ago it wasn't at that 00:49:55.520 --> 00:49:56.470 align:start position:0% a year or two ago it wasn't at that price 00:49:56.470 --> 00:49:56.480 align:start position:0% price 00:49:56.480 --> 00:49:59.109 align:start position:0% price um<00:49:57.200> same<00:49:57.440> thing<00:49:57.599> with<00:49:58.079> you<00:49:58.160> know<00:49:58.400> bottles 00:49:59.109 --> 00:49:59.119 align:start position:0% um same thing with you know bottles 00:49:59.119 --> 00:50:01.589 align:start position:0% um same thing with you know bottles bottles<00:49:59.440> and<00:49:59.599> cans<00:50:00.079> plastic<00:50:00.559> and<00:50:00.720> glass 00:50:01.589 --> 00:50:01.599 align:start position:0% bottles and cans plastic and glass 00:50:01.599 --> 00:50:03.270 align:start position:0% bottles and cans plastic and glass you<00:50:01.680> know<00:50:01.839> the<00:50:02.000> indicators<00:50:02.559> are<00:50:02.640> that<00:50:02.880> there's 00:50:03.270 --> 00:50:03.280 align:start position:0% you know the indicators are that there's 00:50:03.280 --> 00:50:05.190 align:start position:0% you know the indicators are that there's things<00:50:03.680> coming<00:50:04.000> down<00:50:04.240> the<00:50:04.319> pipeline<00:50:04.960> with 00:50:05.190 --> 00:50:05.200 align:start position:0% things coming down the pipeline with 00:50:05.200 --> 00:50:07.430 align:start position:0% things coming down the pipeline with these<00:50:05.359> various<00:50:05.839> markets<00:50:06.720> and<00:50:06.880> so<00:50:07.040> they<00:50:07.200> do 00:50:07.430 --> 00:50:07.440 align:start position:0% these various markets and so they do 00:50:07.440 --> 00:50:11.510 align:start position:0% these various markets and so they do shift<00:50:07.760> they<00:50:07.920> do<00:50:08.079> change<00:50:08.720> yeah<00:50:09.119> so<00:50:09.520> so<00:50:09.760> that's 00:50:11.510 --> 00:50:11.520 align:start position:0% shift they do change yeah so so that's 00:50:11.520 --> 00:50:12.390 align:start position:0% shift they do change yeah so so that's i<00:50:11.599> guess 00:50:12.390 --> 00:50:12.400 align:start position:0% i guess 00:50:12.400 --> 00:50:13.910 align:start position:0% i guess part<00:50:12.559> of<00:50:12.640> the<00:50:12.720> resolution<00:50:13.359> right<00:50:13.599> that's<00:50:13.760> part 00:50:13.910 --> 00:50:13.920 align:start position:0% part of the resolution right that's part 00:50:13.920 --> 00:50:15.829 align:start position:0% part of the resolution right that's part of<00:50:14.000> the<00:50:14.079> resolution<00:50:14.559> only<00:50:14.880> part<00:50:15.040> of<00:50:15.200> it<00:50:15.680> the 00:50:15.829 --> 00:50:15.839 align:start position:0% of the resolution only part of it the 00:50:15.839 --> 00:50:17.829 align:start position:0% of the resolution only part of it the rest<00:50:16.079> is<00:50:16.319> operational 00:50:17.829 --> 00:50:17.839 align:start position:0% rest is operational 00:50:17.839 --> 00:50:20.150 align:start position:0% rest is operational um<00:50:18.240> some<00:50:18.480> of<00:50:18.640> it<00:50:18.720> is<00:50:18.880> operational<00:50:19.760> some<00:50:19.920> of<00:50:20.079> it 00:50:20.150 --> 00:50:20.160 align:start position:0% um some of it is operational some of it 00:50:20.160 --> 00:50:21.670 align:start position:0% um some of it is operational some of it is<00:50:20.319> educational 00:50:21.670 --> 00:50:21.680 align:start position:0% is educational 00:50:21.680 --> 00:50:23.750 align:start position:0% is educational so<00:50:22.000> i<00:50:22.559> you<00:50:22.720> know<00:50:22.800> don't<00:50:23.040> want<00:50:23.119> to<00:50:23.200> put<00:50:23.359> anybody 00:50:23.750 --> 00:50:23.760 align:start position:0% so i you know don't want to put anybody 00:50:23.760 --> 00:50:25.190 align:start position:0% so i you know don't want to put anybody on<00:50:23.839> the<00:50:23.920> spot<00:50:24.240> and<00:50:24.319> i<00:50:24.400> won't<00:50:24.640> question<00:50:25.040> your 00:50:25.190 --> 00:50:25.200 align:start position:0% on the spot and i won't question your 00:50:25.200 --> 00:50:26.790 align:start position:0% on the spot and i won't question your knowledge<00:50:25.520> about<00:50:25.920> how<00:50:26.079> good<00:50:26.319> you<00:50:26.480> are<00:50:26.640> at 00:50:26.790 --> 00:50:26.800 align:start position:0% knowledge about how good you are at 00:50:26.800 --> 00:50:29.349 align:start position:0% knowledge about how good you are at curbside<00:50:27.280> recycling<00:50:27.920> in<00:50:28.000> town<00:50:28.480> i'm<00:50:28.800> excellent 00:50:29.349 --> 00:50:29.359 align:start position:0% curbside recycling in town i'm excellent 00:50:29.359 --> 00:50:30.950 align:start position:0% curbside recycling in town i'm excellent i<00:50:29.680> believe<00:50:30.079> that 00:50:30.950 --> 00:50:30.960 align:start position:0% i believe that 00:50:30.960 --> 00:50:32.710 align:start position:0% i believe that um<00:50:31.359> but 00:50:32.710 --> 00:50:32.720 align:start position:0% um but 00:50:32.720 --> 00:50:34.309 align:start position:0% um but i'm<00:50:32.960> sure<00:50:33.440> you<00:50:33.520> know 00:50:34.309 --> 00:50:34.319 align:start position:0% i'm sure you know 00:50:34.319 --> 00:50:36.950 align:start position:0% i'm sure you know i'm<00:50:34.800> sure<00:50:34.960> if<00:50:35.040> i<00:50:35.119> was<00:50:35.280> to<00:50:35.440> list<00:50:35.680> off<00:50:35.839> a<00:50:36.640> you<00:50:36.720> know 00:50:36.950 --> 00:50:36.960 align:start position:0% i'm sure if i was to list off a you know 00:50:36.960 --> 00:50:38.549 align:start position:0% i'm sure if i was to list off a you know a<00:50:37.040> few<00:50:37.280> materials<00:50:37.839> people<00:50:38.000> would<00:50:38.160> say<00:50:38.400> i 00:50:38.549 --> 00:50:38.559 align:start position:0% a few materials people would say i 00:50:38.559 --> 00:50:39.589 align:start position:0% a few materials people would say i actually<00:50:38.800> don't<00:50:38.880> know<00:50:39.040> what<00:50:39.200> to<00:50:39.280> do<00:50:39.359> with<00:50:39.440> that 00:50:39.589 --> 00:50:39.599 align:start position:0% actually don't know what to do with that 00:50:39.599 --> 00:50:41.910 align:start position:0% actually don't know what to do with that or<00:50:39.760> that<00:50:39.920> goes<00:50:40.160> in<00:50:40.240> my<00:50:40.400> blue<00:50:40.640> bin<00:50:41.280> um<00:50:41.599> and<00:50:41.839> and 00:50:41.910 --> 00:50:41.920 align:start position:0% or that goes in my blue bin um and and 00:50:41.920 --> 00:50:43.190 align:start position:0% or that goes in my blue bin um and and there<00:50:42.079> are<00:50:42.240> little<00:50:42.400> tiny<00:50:42.720> things<00:50:42.960> like<00:50:43.040> that 00:50:43.190 --> 00:50:43.200 align:start position:0% there are little tiny things like that 00:50:43.200 --> 00:50:46.390 align:start position:0% there are little tiny things like that that<00:50:43.359> we<00:50:43.599> can<00:50:44.319> uh<00:50:44.720> work<00:50:44.960> within<00:50:45.280> the<00:50:45.440> community 00:50:46.390 --> 00:50:46.400 align:start position:0% that we can uh work within the community 00:50:46.400 --> 00:50:47.589 align:start position:0% that we can uh work within the community to<00:50:46.640> correct 00:50:47.589 --> 00:50:47.599 align:start position:0% to correct 00:50:47.599 --> 00:50:50.069 align:start position:0% to correct so<00:50:47.760> that<00:50:47.920> we<00:50:48.079> know<00:50:48.559> this<00:50:48.960> the<00:50:49.359> materials<00:50:49.839> going 00:50:50.069 --> 00:50:50.079 align:start position:0% so that we know this the materials going 00:50:50.079 --> 00:50:51.589 align:start position:0% so that we know this the materials going out<00:50:50.240> at<00:50:50.319> the<00:50:50.400> curb<00:50:50.720> are<00:50:50.880> the<00:50:51.040> best<00:50:51.200> stream 00:50:51.589 --> 00:50:51.599 align:start position:0% out at the curb are the best stream 00:50:51.599 --> 00:50:52.630 align:start position:0% out at the curb are the best stream possible 00:50:52.630 --> 00:50:52.640 align:start position:0% possible 00:50:52.640 --> 00:50:54.790 align:start position:0% possible for<00:50:52.960> us<00:50:53.520> so<00:50:53.680> we're<00:50:53.920> going<00:50:54.000> to<00:50:54.079> stay<00:50:54.319> with<00:50:54.559> dual 00:50:54.790 --> 00:50:54.800 align:start position:0% for us so we're going to stay with dual 00:50:54.800 --> 00:50:56.950 align:start position:0% for us so we're going to stay with dual stream<00:50:55.119> not<00:50:55.280> go<00:50:55.440> to<00:50:55.520> a<00:50:55.599> single<00:50:56.000> stream 00:50:56.950 --> 00:50:56.960 align:start position:0% stream not go to a single stream 00:50:56.960 --> 00:50:58.870 align:start position:0% stream not go to a single stream so<00:50:57.359> kind<00:50:57.520> of<00:50:57.599> what<00:50:58.160> yeah<00:50:58.319> i<00:50:58.400> think<00:50:58.559> we<00:50:58.720> actually 00:50:58.870 --> 00:50:58.880 align:start position:0% so kind of what yeah i think we actually 00:50:58.880 --> 00:51:00.790 align:start position:0% so kind of what yeah i think we actually want<00:50:59.040> to<00:50:59.119> go<00:50:59.280> even<00:50:59.520> further<00:50:59.839> away<00:51:00.160> from<00:51:00.480> single 00:51:00.790 --> 00:51:00.800 align:start position:0% want to go even further away from single 00:51:00.800 --> 00:51:02.630 align:start position:0% want to go even further away from single stream<00:51:01.040> we<00:51:01.119> want<00:51:01.280> to<00:51:01.440> try<00:51:01.599> to<00:51:01.680> get<00:51:01.839> back<00:51:02.000> to<00:51:02.559> you 00:51:02.630 --> 00:51:02.640 align:start position:0% stream we want to try to get back to you 00:51:02.640 --> 00:51:06.470 align:start position:0% stream we want to try to get back to you know<00:51:02.960> three<00:51:03.680> four<00:51:04.000> four<00:51:04.640> we<00:51:04.960> actually<00:51:05.280> have 00:51:06.470 --> 00:51:06.480 align:start position:0% know three four four we actually have 00:51:06.480 --> 00:51:09.270 align:start position:0% know three four four we actually have dual<00:51:06.720> stream<00:51:07.119> is<00:51:07.440> sort<00:51:07.680> of<00:51:07.839> um 00:51:09.270 --> 00:51:09.280 align:start position:0% dual stream is sort of um 00:51:09.280 --> 00:51:10.950 align:start position:0% dual stream is sort of um i<00:51:09.359> would<00:51:09.520> say<00:51:09.680> it's<00:51:09.839> inaccurate<00:51:10.400> for<00:51:10.559> the<00:51:10.640> town 00:51:10.950 --> 00:51:10.960 align:start position:0% i would say it's inaccurate for the town 00:51:10.960 --> 00:51:12.790 align:start position:0% i would say it's inaccurate for the town right<00:51:11.520> you<00:51:11.680> think<00:51:11.839> of<00:51:11.920> dual<00:51:12.160> stream<00:51:12.480> right<00:51:12.720> at 00:51:12.790 --> 00:51:12.800 align:start position:0% right you think of dual stream right at 00:51:12.800 --> 00:51:14.870 align:start position:0% right you think of dual stream right at your<00:51:12.960> curb<00:51:13.280> but<00:51:13.440> really<00:51:14.160> people<00:51:14.400> sort<00:51:14.720> their 00:51:14.870 --> 00:51:14.880 align:start position:0% your curb but really people sort their 00:51:14.880 --> 00:51:16.309 align:start position:0% your curb but really people sort their cardboard<00:51:15.599> they<00:51:15.760> have<00:51:15.839> their<00:51:16.000> paper 00:51:16.309 --> 00:51:16.319 align:start position:0% cardboard they have their paper 00:51:16.319 --> 00:51:17.589 align:start position:0% cardboard they have their paper materials<00:51:16.960> and<00:51:17.119> then<00:51:17.280> they<00:51:17.359> have<00:51:17.520> their 00:51:17.589 --> 00:51:17.599 align:start position:0% materials and then they have their 00:51:17.599 --> 00:51:19.750 align:start position:0% materials and then they have their bottles<00:51:18.000> and<00:51:18.160> cans<00:51:18.960> so<00:51:19.200> you<00:51:19.280> have<00:51:19.520> three 00:51:19.750 --> 00:51:19.760 align:start position:0% bottles and cans so you have three 00:51:19.760 --> 00:51:21.829 align:start position:0% bottles and cans so you have three streams<00:51:20.160> there 00:51:21.829 --> 00:51:21.839 align:start position:0% streams there 00:51:21.839 --> 00:51:23.430 align:start position:0% streams there what<00:51:22.000> happens<00:51:22.319> when<00:51:22.480> the<00:51:22.640> collector<00:51:23.040> picks<00:51:23.280> it 00:51:23.430 --> 00:51:23.440 align:start position:0% what happens when the collector picks it 00:51:23.440 --> 00:51:25.589 align:start position:0% what happens when the collector picks it up<00:51:23.599> is<00:51:24.000> something<00:51:24.319> we're<00:51:24.480> working<00:51:24.880> on<00:51:25.440> so 00:51:25.589 --> 00:51:25.599 align:start position:0% up is something we're working on so 00:51:25.599 --> 00:51:27.030 align:start position:0% up is something we're working on so that's<00:51:25.839> another<00:51:26.160> process<00:51:26.480> that<00:51:26.640> has<00:51:26.800> to<00:51:26.880> be 00:51:27.030 --> 00:51:27.040 align:start position:0% that's another process that has to be 00:51:27.040 --> 00:51:28.710 align:start position:0% that's another process that has to be fixed<00:51:27.440> and<00:51:27.599> resolved<00:51:28.000> but<00:51:28.160> then<00:51:28.319> when<00:51:28.480> you<00:51:28.559> get 00:51:28.710 --> 00:51:28.720 align:start position:0% fixed and resolved but then when you get 00:51:28.720 --> 00:51:30.549 align:start position:0% fixed and resolved but then when you get to<00:51:28.880> the<00:51:28.960> transfer<00:51:29.359> station<00:51:30.160> you<00:51:30.400> have<00:51:30.480> a 00:51:30.549 --> 00:51:30.559 align:start position:0% to the transfer station you have a 00:51:30.559 --> 00:51:32.150 align:start position:0% to the transfer station you have a variety<00:51:30.880> of<00:51:31.040> other<00:51:31.200> materials<00:51:31.920> that<00:51:32.079> are 00:51:32.150 --> 00:51:32.160 align:start position:0% variety of other materials that are 00:51:32.160 --> 00:51:34.390 align:start position:0% variety of other materials that are collected<00:51:32.559> down<00:51:32.720> there<00:51:32.960> another<00:51:33.359> 10. 00:51:34.390 --> 00:51:34.400 align:start position:0% collected down there another 10. 00:51:34.400 --> 00:51:35.589 align:start position:0% collected down there another 10. some<00:51:34.559> of<00:51:34.720> them<00:51:34.880> are 00:51:35.589 --> 00:51:35.599 align:start position:0% some of them are 00:51:35.599 --> 00:51:37.910 align:start position:0% some of them are have<00:51:35.839> market<00:51:36.160> value<00:51:36.559> right<00:51:36.720> now<00:51:37.359> and<00:51:37.520> some<00:51:37.760> had 00:51:37.910 --> 00:51:37.920 align:start position:0% have market value right now and some had 00:51:37.920 --> 00:51:40.309 align:start position:0% have market value right now and some had market<00:51:38.240> value<00:51:38.960> you<00:51:39.119> know<00:51:39.440> a<00:51:39.520> few<00:51:39.760> years<00:51:40.000> ago 00:51:40.309 --> 00:51:40.319 align:start position:0% market value you know a few years ago 00:51:40.319 --> 00:51:43.349 align:start position:0% market value you know a few years ago and<00:51:40.880> and<00:51:40.960> that<00:51:41.119> will<00:51:41.280> continue<00:51:41.760> to<00:51:41.920> shift<00:51:42.240> but 00:51:43.349 --> 00:51:43.359 align:start position:0% and and that will continue to shift but 00:51:43.359 --> 00:51:45.270 align:start position:0% and and that will continue to shift but brantford<00:51:43.760> has<00:51:44.000> a 00:51:45.270 --> 00:51:45.280 align:start position:0% brantford has a 00:51:45.280 --> 00:51:47.349 align:start position:0% brantford has a a<00:51:45.680> great<00:51:46.240> transfer<00:51:46.720> station<00:51:47.040> a<00:51:47.119> great 00:51:47.349 --> 00:51:47.359 align:start position:0% a great transfer station a great 00:51:47.359 --> 00:51:49.190 align:start position:0% a great transfer station a great facility<00:51:47.839> right<00:51:48.000> there<00:51:48.160> for<00:51:48.319> sorting<00:51:49.040> a 00:51:49.190 --> 00:51:49.200 align:start position:0% facility right there for sorting a 00:51:49.200 --> 00:51:51.349 align:start position:0% facility right there for sorting a variety<00:51:49.599> of<00:51:49.760> materials<00:51:50.559> so 00:51:51.349 --> 00:51:51.359 align:start position:0% variety of materials so 00:51:51.359 --> 00:51:53.430 align:start position:0% variety of materials so um<00:51:52.079> the<00:51:52.160> state<00:51:52.400> of<00:51:52.480> connecticut<00:51:53.040> is<00:51:53.119> coming 00:51:53.430 --> 00:51:53.440 align:start position:0% um the state of connecticut is coming 00:51:53.440 --> 00:51:55.190 align:start position:0% um the state of connecticut is coming down<00:51:54.000> real<00:51:54.319> hard<00:51:54.559> that<00:51:54.720> they're<00:51:54.960> trying<00:51:55.119> to 00:51:55.190 --> 00:51:55.200 align:start position:0% down real hard that they're trying to 00:51:55.200 --> 00:51:57.430 align:start position:0% down real hard that they're trying to move<00:51:55.520> everybody<00:51:56.000> away<00:51:56.240> from<00:51:56.400> single<00:51:56.800> stream 00:51:57.430 --> 00:51:57.440 align:start position:0% move everybody away from single stream 00:51:57.440 --> 00:51:59.109 align:start position:0% move everybody away from single stream and<00:51:57.599> we're<00:51:57.839> already<00:51:58.160> positioned<00:51:58.720> very<00:51:58.880> well 00:51:59.109 --> 00:51:59.119 align:start position:0% and we're already positioned very well 00:51:59.119 --> 00:51:59.990 align:start position:0% and we're already positioned very well for<00:51:59.280> that 00:51:59.990 --> 00:52:00.000 align:start position:0% for that 00:52:00.000 --> 00:52:01.349 align:start position:0% for that so<00:52:00.160> what<00:52:00.400> are<00:52:00.480> you<00:52:00.640> going<00:52:00.800> to<00:52:00.960> do<00:52:01.200> to 00:52:01.349 --> 00:52:01.359 align:start position:0% so what are you going to do to 00:52:01.359 --> 00:52:03.190 align:start position:0% so what are you going to do to discipline<00:52:01.920> the<00:52:02.079> vendor 00:52:03.190 --> 00:52:03.200 align:start position:0% discipline the vendor 00:52:03.200 --> 00:52:04.470 align:start position:0% discipline the vendor to<00:52:03.359> make<00:52:03.520> sure<00:52:03.680> that<00:52:03.839> they're<00:52:04.079> doing<00:52:04.319> this 00:52:04.470 --> 00:52:04.480 align:start position:0% to make sure that they're doing this 00:52:04.480 --> 00:52:07.589 align:start position:0% to make sure that they're doing this correctly<00:52:05.280> honestly<00:52:05.760> it's<00:52:05.920> like<00:52:06.079> we 00:52:07.589 --> 00:52:07.599 align:start position:0% correctly honestly it's like we 00:52:07.599 --> 00:52:10.230 align:start position:0% correctly honestly it's like we we<00:52:07.760> can't<00:52:08.000> do<00:52:08.160> enough<00:52:08.480> we<00:52:08.640> have<00:52:08.880> a<00:52:09.119> real<00:52:09.839> tight 00:52:10.230 --> 00:52:10.240 align:start position:0% we can't do enough we have a real tight 00:52:10.240 --> 00:52:11.349 align:start position:0% we can't do enough we have a real tight process 00:52:11.349 --> 00:52:11.359 align:start position:0% process 00:52:11.359 --> 00:52:12.870 align:start position:0% process in<00:52:11.520> place<00:52:11.839> right<00:52:12.079> now 00:52:12.870 --> 00:52:12.880 align:start position:0% in place right now 00:52:12.880 --> 00:52:15.750 align:start position:0% in place right now um<00:52:13.280> folks<00:52:13.680> call<00:52:14.000> in<00:52:14.559> and<00:52:14.720> they<00:52:14.960> say<00:52:15.440> issues 00:52:15.750 --> 00:52:15.760 align:start position:0% um folks call in and they say issues 00:52:15.760 --> 00:52:17.589 align:start position:0% um folks call in and they say issues that<00:52:15.920> are<00:52:16.079> happening<00:52:16.960> sometimes<00:52:17.359> they<00:52:17.440> can 00:52:17.589 --> 00:52:17.599 align:start position:0% that are happening sometimes they can 00:52:17.599 --> 00:52:19.750 align:start position:0% that are happening sometimes they can provide<00:52:17.920> us<00:52:18.079> with<00:52:18.240> photo<00:52:18.559> evidence<00:52:19.440> you<00:52:19.520> know 00:52:19.750 --> 00:52:19.760 align:start position:0% provide us with photo evidence you know 00:52:19.760 --> 00:52:22.150 align:start position:0% provide us with photo evidence you know video<00:52:20.240> evidence<00:52:21.119> sometimes<00:52:21.599> it's<00:52:21.760> just<00:52:22.000> you 00:52:22.150 --> 00:52:22.160 align:start position:0% video evidence sometimes it's just you 00:52:22.160 --> 00:52:24.230 align:start position:0% video evidence sometimes it's just you know<00:52:22.720> we<00:52:22.880> know<00:52:23.040> the<00:52:23.119> folks<00:52:23.359> they've<00:52:23.920> called 00:52:24.230 --> 00:52:24.240 align:start position:0% know we know the folks they've called 00:52:24.240 --> 00:52:25.589 align:start position:0% know we know the folks they've called week<00:52:24.480> after<00:52:24.720> week<00:52:24.960> after<00:52:25.119> week<00:52:25.359> there's 00:52:25.589 --> 00:52:25.599 align:start position:0% week after week after week there's 00:52:25.599 --> 00:52:28.390 align:start position:0% week after week after week there's issues<00:52:26.480> and<00:52:26.720> and<00:52:27.200> we<00:52:27.440> implement<00:52:28.000> fees 00:52:28.390 --> 00:52:28.400 align:start position:0% issues and and we implement fees 00:52:28.400 --> 00:52:30.870 align:start position:0% issues and and we implement fees accordingly<00:52:29.040> fines<00:52:29.440> and<00:52:29.520> fees<00:52:29.760> accordingly 00:52:30.870 --> 00:52:30.880 align:start position:0% accordingly fines and fees accordingly 00:52:30.880 --> 00:52:34.309 align:start position:0% accordingly fines and fees accordingly um<00:52:31.440> i<00:52:31.520> can<00:52:31.680> tell<00:52:31.920> you<00:52:32.240> over<00:52:32.480> the<00:52:32.640> past<00:52:33.200> 12 00:52:34.309 --> 00:52:34.319 align:start position:0% um i can tell you over the past 12 00:52:34.319 --> 00:52:36.309 align:start position:0% um i can tell you over the past 12 12<00:52:34.720> months<00:52:35.040> those<00:52:35.359> those<00:52:35.599> numbers<00:52:36.000> are<00:52:36.079> just 00:52:36.309 --> 00:52:36.319 align:start position:0% 12 months those those numbers are just 00:52:36.319 --> 00:52:38.470 align:start position:0% 12 months those those numbers are just increasing<00:52:37.040> every<00:52:37.280> single<00:52:37.599> month 00:52:38.470 --> 00:52:38.480 align:start position:0% increasing every single month 00:52:38.480 --> 00:52:39.190 align:start position:0% increasing every single month so 00:52:39.190 --> 00:52:39.200 align:start position:0% so 00:52:39.200 --> 00:52:41.750 align:start position:0% so the<00:52:39.359> fees<00:52:39.920> the<00:52:40.240> fees<00:52:40.720> yep<00:52:41.040> absolutely<00:52:41.520> yeah 00:52:41.750 --> 00:52:41.760 align:start position:0% the fees the fees yep absolutely yeah 00:52:41.760 --> 00:52:43.349 align:start position:0% the fees the fees yep absolutely yeah that<00:52:41.839> means<00:52:42.000> you're<00:52:42.160> not<00:52:42.319> doing<00:52:42.559> their<00:52:42.800> job 00:52:43.349 --> 00:52:43.359 align:start position:0% that means you're not doing their job 00:52:43.359 --> 00:52:45.430 align:start position:0% that means you're not doing their job correct<00:52:44.079> yeah<00:52:44.480> there's<00:52:44.800> a<00:52:44.880> problem<00:52:45.200> there<00:52:45.520> we 00:52:45.430 --> 00:52:45.440 align:start position:0% correct yeah there's a problem there we 00:52:45.440 --> 00:52:48.549 align:start position:0% correct yeah there's a problem there we we<00:52:45.920> report<00:52:46.319> them<00:52:46.800> we<00:52:46.960> are<00:52:47.200> working<00:52:47.520> with<00:52:47.680> them 00:52:48.549 --> 00:52:48.559 align:start position:0% we report them we are working with them 00:52:48.559 --> 00:52:50.630 align:start position:0% we report them we are working with them um<00:52:49.040> every<00:52:49.280> time<00:52:49.520> something<00:52:49.839> happens<00:52:50.319> you<00:52:50.480> know 00:52:50.630 --> 00:52:50.640 align:start position:0% um every time something happens you know 00:52:50.640 --> 00:52:52.470 align:start position:0% um every time something happens you know we'll<00:52:51.040> we'll<00:52:51.280> report 00:52:52.470 --> 00:52:52.480 align:start position:0% we'll we'll report 00:52:52.480 --> 00:52:54.710 align:start position:0% we'll we'll report there's<00:52:52.720> only<00:52:52.960> so<00:52:53.119> much<00:52:53.359> i<00:52:53.440> can<00:52:53.680> do<00:52:53.920> as<00:52:54.079> far<00:52:54.319> as 00:52:54.710 --> 00:52:54.720 align:start position:0% there's only so much i can do as far as 00:52:54.720 --> 00:52:56.790 align:start position:0% there's only so much i can do as far as you<00:52:54.800> know<00:52:55.440> reprimanding<00:52:56.079> a<00:52:56.160> company<00:52:56.559> for 00:52:56.790 --> 00:52:56.800 align:start position:0% you know reprimanding a company for 00:52:56.800 --> 00:52:59.190 align:start position:0% you know reprimanding a company for having<00:52:57.119> to<00:52:57.760> cancel<00:52:58.079> a<00:52:58.160> recycling<00:52:58.720> route<00:52:59.040> for 00:52:59.190 --> 00:52:59.200 align:start position:0% having to cancel a recycling route for 00:52:59.200 --> 00:53:00.549 align:start position:0% having to cancel a recycling route for three<00:52:59.440> days<00:52:59.680> because<00:52:59.920> they're<00:53:00.079> cruising 00:53:00.549 --> 00:53:00.559 align:start position:0% three days because they're cruising 00:53:00.559 --> 00:53:02.710 align:start position:0% three days because they're cruising quarantine 00:53:02.710 --> 00:53:02.720 align:start position:0% quarantine 00:53:02.720 --> 00:53:04.549 align:start position:0% quarantine there's<00:53:02.960> only<00:53:03.200> so<00:53:03.359> much<00:53:03.520> i<00:53:03.599> can<00:53:03.680> do<00:53:03.920> right<00:53:04.160> but 00:53:04.549 --> 00:53:04.559 align:start position:0% there's only so much i can do right but 00:53:04.559 --> 00:53:06.390 align:start position:0% there's only so much i can do right but for<00:53:04.800> some<00:53:04.960> of<00:53:05.040> the<00:53:05.200> other<00:53:05.760> issues<00:53:06.079> that<00:53:06.240> are 00:53:06.390 --> 00:53:06.400 align:start position:0% for some of the other issues that are 00:53:06.400 --> 00:53:07.430 align:start position:0% for some of the other issues that are happening 00:53:07.430 --> 00:53:07.440 align:start position:0% happening 00:53:07.440 --> 00:53:09.349 align:start position:0% happening um<00:53:07.839> you<00:53:08.000> know<00:53:08.160> we<00:53:08.319> report<00:53:08.720> them<00:53:08.960> we<00:53:09.119> make 00:53:09.349 --> 00:53:09.359 align:start position:0% um you know we report them we make 00:53:09.359 --> 00:53:11.109 align:start position:0% um you know we report them we make recommendations<00:53:10.480> you<00:53:10.559> know<00:53:10.720> we're<00:53:10.880> working 00:53:11.109 --> 00:53:11.119 align:start position:0% recommendations you know we're working 00:53:11.119 --> 00:53:12.870 align:start position:0% recommendations you know we're working with<00:53:11.280> them<00:53:11.440> regularly<00:53:12.000> to<00:53:12.160> try<00:53:12.319> to<00:53:12.480> correct 00:53:12.870 --> 00:53:12.880 align:start position:0% with them regularly to try to correct 00:53:12.880 --> 00:53:14.549 align:start position:0% with them regularly to try to correct some<00:53:13.040> of<00:53:13.119> this<00:53:13.359> stuff 00:53:14.549 --> 00:53:14.559 align:start position:0% some of this stuff 00:53:14.559 --> 00:53:16.790 align:start position:0% some of this stuff thanks<00:53:15.040> thank<00:53:15.200> you<00:53:15.599> sure 00:53:16.790 --> 00:53:16.800 align:start position:0% thanks thank you sure 00:53:16.800 --> 00:53:17.670 align:start position:0% thanks thank you sure um 00:53:17.670 --> 00:53:17.680 align:start position:0% um 00:53:17.680 --> 00:53:19.910 align:start position:0% um other<00:53:18.160> questions 00:53:19.910 --> 00:53:19.920 align:start position:0% other questions 00:53:19.920 --> 00:53:21.109 align:start position:0% other questions jamie<00:53:20.240> did<00:53:20.319> you<00:53:20.400> have<00:53:20.559> something<00:53:20.800> just 00:53:21.109 --> 00:53:21.119 align:start position:0% jamie did you have something just 00:53:21.119 --> 00:53:23.190 align:start position:0% jamie did you have something just briefly<00:53:21.520> just<00:53:21.680> to<00:53:21.760> wrap<00:53:22.000> it<00:53:22.160> up 00:53:23.190 --> 00:53:23.200 align:start position:0% briefly just to wrap it up 00:53:23.200 --> 00:53:26.630 align:start position:0% briefly just to wrap it up and<00:53:23.359> answer<00:53:23.760> more<00:53:24.000> questions<00:53:24.720> but<00:53:24.960> uh 00:53:26.630 --> 00:53:26.640 align:start position:0% and answer more questions but uh 00:53:26.640 --> 00:53:27.990 align:start position:0% and answer more questions but uh you<00:53:26.800> know<00:53:26.960> i<00:53:27.040> mean<00:53:27.200> i<00:53:27.280> think<00:53:27.359> what<00:53:27.599> bob<00:53:27.839> is 00:53:27.990 --> 00:53:28.000 align:start position:0% you know i mean i think what bob is 00:53:28.000 --> 00:53:30.390 align:start position:0% you know i mean i think what bob is really<00:53:28.400> touching<00:53:28.800> on<00:53:29.040> is<00:53:29.200> the<00:53:29.440> uh<00:53:29.839> the 00:53:30.390 --> 00:53:30.400 align:start position:0% really touching on is the uh the 00:53:30.400 --> 00:53:32.309 align:start position:0% really touching on is the uh the compliance<00:53:31.119> end<00:53:31.280> of<00:53:31.440> it<00:53:31.599> or<00:53:31.760> those<00:53:32.000> who<00:53:32.240> are 00:53:32.309 --> 00:53:32.319 align:start position:0% compliance end of it or those who are 00:53:32.319 --> 00:53:35.109 align:start position:0% compliance end of it or those who are adhering<00:53:32.720> to<00:53:33.200> i<00:53:33.280> think<00:53:33.760> you<00:53:33.839> know<00:53:34.079> we<00:53:34.240> would 00:53:35.109 --> 00:53:35.119 align:start position:0% adhering to i think you know we would 00:53:35.119 --> 00:53:36.790 align:start position:0% adhering to i think you know we would going<00:53:35.440> to<00:53:35.599> a<00:53:35.680> single<00:53:36.000> stream<00:53:36.240> will<00:53:36.400> never<00:53:36.640> have 00:53:36.790 --> 00:53:36.800 align:start position:0% going to a single stream will never have 00:53:36.800 --> 00:53:38.710 align:start position:0% going to a single stream will never have any<00:53:36.960> credits<00:53:37.359> right<00:53:37.599> it's<00:53:37.760> all<00:53:38.000> liability<00:53:38.640> and 00:53:38.710 --> 00:53:38.720 align:start position:0% any credits right it's all liability and 00:53:38.720 --> 00:53:40.150 align:start position:0% any credits right it's all liability and that's<00:53:38.880> where<00:53:39.119> brantford's<00:53:39.520> been<00:53:39.680> fortunate 00:53:40.150 --> 00:53:40.160 align:start position:0% that's where brantford's been fortunate 00:53:40.160 --> 00:53:42.390 align:start position:0% that's where brantford's been fortunate that<00:53:40.240> we<00:53:40.400> have<00:53:40.720> maintained<00:53:41.599> uh 00:53:42.390 --> 00:53:42.400 align:start position:0% that we have maintained uh 00:53:42.400 --> 00:53:45.349 align:start position:0% that we have maintained uh level<00:53:42.800> of<00:53:43.040> you<00:53:43.200> know<00:53:43.359> multi-stream<00:53:44.400> recycling 00:53:45.349 --> 00:53:45.359 align:start position:0% level of you know multi-stream recycling 00:53:45.359 --> 00:53:47.670 align:start position:0% level of you know multi-stream recycling what<00:53:45.520> we<00:53:45.680> want<00:53:45.839> to<00:53:46.000> do<00:53:46.240> is<00:53:46.319> see<00:53:46.800> that<00:53:47.280> when<00:53:47.440> we 00:53:47.670 --> 00:53:47.680 align:start position:0% what we want to do is see that when we 00:53:47.680 --> 00:53:50.150 align:start position:0% what we want to do is see that when we set<00:53:47.920> that<00:53:48.240> up<00:53:48.480> back<00:53:49.119> you<00:53:49.280> know 00:53:50.150 --> 00:53:50.160 align:start position:0% set that up back you know 00:53:50.160 --> 00:53:52.069 align:start position:0% set that up back you know 20<00:53:50.480> 30<00:53:50.800> years<00:53:51.119> ago 00:53:52.069 --> 00:53:52.079 align:start position:0% 20 30 years ago 00:53:52.079 --> 00:53:54.150 align:start position:0% 20 30 years ago is<00:53:52.319> that<00:53:52.880> still<00:53:53.280> what 00:53:54.150 --> 00:53:54.160 align:start position:0% is that still what 00:53:54.160 --> 00:53:56.950 align:start position:0% is that still what does<00:53:54.319> the<00:53:54.480> market<00:53:54.960> and<00:53:55.040> the<00:53:55.200> industry<00:53:56.240> uh<00:53:56.800> is 00:53:56.950 --> 00:53:56.960 align:start position:0% does the market and the industry uh is 00:53:56.960 --> 00:53:59.030 align:start position:0% does the market and the industry uh is there<00:53:57.119> still<00:53:57.280> a<00:53:57.440> market<00:53:57.760> for<00:53:58.160> how<00:53:58.400> we're<00:53:58.880> you 00:53:59.030 --> 00:53:59.040 align:start position:0% there still a market for how we're you 00:53:59.040 --> 00:54:01.109 align:start position:0% there still a market for how we're you know<00:53:59.680> even<00:53:59.920> though<00:54:00.079> we<00:54:00.319> have<00:54:00.720> a<00:54:00.800> couple 00:54:01.109 --> 00:54:01.119 align:start position:0% know even though we have a couple 00:54:01.119 --> 00:54:03.349 align:start position:0% know even though we have a couple streams<00:54:01.839> glass<00:54:02.240> for<00:54:02.400> instance<00:54:02.800> okay<00:54:03.200> but 00:54:03.349 --> 00:54:03.359 align:start position:0% streams glass for instance okay but 00:54:03.359 --> 00:54:04.870 align:start position:0% streams glass for instance okay but there's<00:54:03.680> there<00:54:03.920> may<00:54:04.079> be<00:54:04.240> some<00:54:04.559> things 00:54:04.870 --> 00:54:04.880 align:start position:0% there's there may be some things 00:54:04.880 --> 00:54:06.390 align:start position:0% there's there may be some things happening<00:54:05.280> in<00:54:05.359> the<00:54:05.520> industry<00:54:06.000> right<00:54:06.160> here<00:54:06.319> in 00:54:06.390 --> 00:54:06.400 align:start position:0% happening in the industry right here in 00:54:06.400 --> 00:54:10.150 align:start position:0% happening in the industry right here in connecticut<00:54:07.200> where<00:54:07.359> that<00:54:07.680> liability<00:54:08.839> that's 00:54:10.150 --> 00:54:10.160 align:start position:0% connecticut where that liability that's 00:54:10.160 --> 00:54:12.150 align:start position:0% connecticut where that liability that's dr<00:54:10.559> you<00:54:10.640> know<00:54:10.880> impacting<00:54:11.359> those<00:54:11.680> credits 00:54:12.150 --> 00:54:12.160 align:start position:0% dr you know impacting those credits 00:54:12.160 --> 00:54:14.790 align:start position:0% dr you know impacting those credits significantly<00:54:13.440> now<00:54:13.680> we<00:54:13.839> can<00:54:14.079> pull<00:54:14.480> that<00:54:14.640> we 00:54:14.790 --> 00:54:14.800 align:start position:0% significantly now we can pull that we 00:54:14.800 --> 00:54:16.390 align:start position:0% significantly now we can pull that we may<00:54:15.119> be<00:54:15.280> able<00:54:15.440> to<00:54:15.520> pull<00:54:15.680> that<00:54:15.920> out<00:54:16.160> and<00:54:16.240> bring 00:54:16.390 --> 00:54:16.400 align:start position:0% may be able to pull that out and bring 00:54:16.400 --> 00:54:17.990 align:start position:0% may be able to pull that out and bring that<00:54:16.640> somewhere<00:54:16.960> else<00:54:17.280> bringing<00:54:17.599> up<00:54:17.680> those 00:54:17.990 --> 00:54:18.000 align:start position:0% that somewhere else bringing up those 00:54:18.000 --> 00:54:20.309 align:start position:0% that somewhere else bringing up those credits<00:54:18.319> on<00:54:18.480> those<00:54:18.800> that<00:54:18.960> other<00:54:19.200> material 00:54:20.309 --> 00:54:20.319 align:start position:0% credits on those that other material 00:54:20.319 --> 00:54:22.790 align:start position:0% credits on those that other material that<00:54:20.559> was<00:54:20.960> uh<00:54:21.680> that<00:54:21.920> you<00:54:22.000> know<00:54:22.160> still<00:54:22.400> may<00:54:22.640> have 00:54:22.790 --> 00:54:22.800 align:start position:0% that was uh that you know still may have 00:54:22.800 --> 00:54:24.870 align:start position:0% that was uh that you know still may have some<00:54:23.040> value<00:54:23.599> and<00:54:23.680> then<00:54:23.920> bring<00:54:24.160> that<00:54:24.319> glass<00:54:24.720> to 00:54:24.870 --> 00:54:24.880 align:start position:0% some value and then bring that glass to 00:54:24.880 --> 00:54:26.710 align:start position:0% some value and then bring that glass to somewhere<00:54:25.520> where<00:54:25.680> it's<00:54:25.920> less<00:54:26.160> costly<00:54:26.559> to 00:54:26.710 --> 00:54:26.720 align:start position:0% somewhere where it's less costly to 00:54:26.720 --> 00:54:29.349 align:start position:0% somewhere where it's less costly to dispose<00:54:27.280> of<00:54:27.440> or<00:54:27.839> perhaps<00:54:28.559> eventually<00:54:29.040> get<00:54:29.200> to 00:54:29.349 --> 00:54:29.359 align:start position:0% dispose of or perhaps eventually get to 00:54:29.359 --> 00:54:31.190 align:start position:0% dispose of or perhaps eventually get to a<00:54:29.440> point<00:54:29.680> where<00:54:29.839> there<00:54:30.000> is<00:54:30.079> a<00:54:30.240> credit<00:54:30.480> so<00:54:30.960> these 00:54:31.190 --> 00:54:31.200 align:start position:0% a point where there is a credit so these 00:54:31.200 --> 00:54:32.950 align:start position:0% a point where there is a credit so these are<00:54:31.359> all<00:54:31.440> the<00:54:31.599> things<00:54:32.240> you<00:54:32.319> know<00:54:32.480> it's<00:54:32.720> more 00:54:32.950 --> 00:54:32.960 align:start position:0% are all the things you know it's more 00:54:32.960 --> 00:54:34.950 align:start position:0% are all the things you know it's more than<00:54:33.200> just<00:54:33.839> you<00:54:34.000> know<00:54:34.160> looking<00:54:34.400> at<00:54:34.559> how<00:54:34.800> we're 00:54:34.950 --> 00:54:34.960 align:start position:0% than just you know looking at how we're 00:54:34.960 --> 00:54:37.589 align:start position:0% than just you know looking at how we're doing<00:54:35.200> it<00:54:35.359> today<00:54:36.079> and<00:54:36.319> getting<00:54:36.640> people<00:54:37.040> to<00:54:37.440> do 00:54:37.589 --> 00:54:37.599 align:start position:0% doing it today and getting people to do 00:54:37.599 --> 00:54:40.710 align:start position:0% doing it today and getting people to do it<00:54:37.760> correctly<00:54:38.720> the<00:54:38.880> rules<00:54:39.680> uh<00:54:40.240> you<00:54:40.400> know<00:54:40.559> not 00:54:40.710 --> 00:54:40.720 align:start position:0% it correctly the rules uh you know not 00:54:40.720 --> 00:54:43.190 align:start position:0% it correctly the rules uh you know not for<00:54:41.200> you<00:54:41.280> know<00:54:41.760> have<00:54:42.480> uh<00:54:42.720> they're<00:54:42.960> you<00:54:43.040> know 00:54:43.190 --> 00:54:43.200 align:start position:0% for you know have uh they're you know 00:54:43.200 --> 00:54:45.750 align:start position:0% for you know have uh they're you know that's<00:54:43.440> a<00:54:44.000> part<00:54:44.240> of<00:54:44.400> it<00:54:44.720> but<00:54:44.960> also<00:54:45.280> the<00:54:45.440> rules 00:54:45.750 --> 00:54:45.760 align:start position:0% that's a part of it but also the rules 00:54:45.760 --> 00:54:47.750 align:start position:0% that's a part of it but also the rules have<00:54:45.920> changed<00:54:46.160> you<00:54:46.319> know<00:54:46.880> the<00:54:46.960> state<00:54:47.280> level 00:54:47.750 --> 00:54:47.760 align:start position:0% have changed you know the state level 00:54:47.760 --> 00:54:50.150 align:start position:0% have changed you know the state level and<00:54:47.920> in<00:54:48.240> in<00:54:48.559> the<00:54:48.720> industry<00:54:49.440> so<00:54:49.599> that's<00:54:49.839> what<00:54:50.000> we 00:54:50.150 --> 00:54:50.160 align:start position:0% and in in the industry so that's what we 00:54:50.160 --> 00:54:52.390 align:start position:0% and in in the industry so that's what we have<00:54:50.240> to<00:54:50.400> that's<00:54:50.559> what<00:54:50.720> he<00:54:50.799> made<00:54:51.040> is<00:54:51.200> very<00:54:52.000> uh 00:54:52.390 --> 00:54:52.400 align:start position:0% have to that's what he made is very uh 00:54:52.400 --> 00:54:54.150 align:start position:0% have to that's what he made is very uh comp<00:54:52.799> you<00:54:52.960> know<00:54:53.040> there's<00:54:53.280> a<00:54:53.520> comprehensive 00:54:54.150 --> 00:54:54.160 align:start position:0% comp you know there's a comprehensive 00:54:54.160 --> 00:54:56.789 align:start position:0% comp you know there's a comprehensive look<00:54:54.400> at<00:54:54.720> how<00:54:54.880> we're<00:54:55.040> handling<00:54:55.440> material 00:54:56.789 --> 00:54:56.799 align:start position:0% look at how we're handling material 00:54:56.799 --> 00:54:58.630 align:start position:0% look at how we're handling material thanks<00:54:57.119> jamie 00:54:58.630 --> 00:54:58.640 align:start position:0% thanks jamie 00:54:58.640 --> 00:55:00.710 align:start position:0% thanks jamie other<00:54:58.880> questions<00:54:59.599> joe<00:54:59.839> i'd<00:54:59.920> like<00:55:00.079> to<00:55:00.240> move<00:55:00.480> it 00:55:00.710 --> 00:55:00.720 align:start position:0% other questions joe i'd like to move it 00:55:00.720 --> 00:55:01.829 align:start position:0% other questions joe i'd like to move it um 00:55:01.829 --> 00:55:01.839 align:start position:0% um 00:55:01.839 --> 00:55:03.430 align:start position:0% um sure<00:55:02.160> i<00:55:02.240> think<00:55:02.400> this<00:55:02.559> helped<00:55:02.799> us<00:55:02.880> put<00:55:03.040> our<00:55:03.200> arms 00:55:03.430 --> 00:55:03.440 align:start position:0% sure i think this helped us put our arms 00:55:03.440 --> 00:55:05.829 align:start position:0% sure i think this helped us put our arms around<00:55:03.680> our<00:55:03.839> own<00:55:04.000> operation<00:55:04.400> here<00:55:04.559> in<00:55:04.720> town 00:55:05.829 --> 00:55:05.839 align:start position:0% around our own operation here in town 00:55:05.839 --> 00:55:06.870 align:start position:0% around our own operation here in town personally<00:55:06.160> i've<00:55:06.319> seen<00:55:06.480> some<00:55:06.720> things 00:55:06.870 --> 00:55:06.880 align:start position:0% personally i've seen some things 00:55:06.880 --> 00:55:09.270 align:start position:0% personally i've seen some things happening<00:55:07.359> with<00:55:07.680> collections<00:55:08.160> that's<00:55:08.480> curb 00:55:09.270 --> 00:55:09.280 align:start position:0% happening with collections that's curb 00:55:09.280 --> 00:55:10.549 align:start position:0% happening with collections that's curb and<00:55:09.599> um 00:55:10.549 --> 00:55:10.559 align:start position:0% and um 00:55:10.559 --> 00:55:13.349 align:start position:0% and um there's<00:55:10.799> a<00:55:10.799> lot<00:55:10.960> of<00:55:11.040> changes<00:55:11.520> nationally 00:55:13.349 --> 00:55:13.359 align:start position:0% there's a lot of changes nationally 00:55:13.359 --> 00:55:15.109 align:start position:0% there's a lot of changes nationally i<00:55:13.440> have<00:55:13.680> a<00:55:13.920> little<00:55:14.079> bit<00:55:14.240> of<00:55:14.319> experience<00:55:14.720> my<00:55:14.880> son 00:55:15.109 --> 00:55:15.119 align:start position:0% i have a little bit of experience my son 00:55:15.119 --> 00:55:16.390 align:start position:0% i have a little bit of experience my son actually<00:55:15.440> worked<00:55:15.680> for<00:55:15.760> a<00:55:15.839> broker<00:55:16.160> that<00:55:16.319> was 00:55:16.390 --> 00:55:16.400 align:start position:0% actually worked for a broker that was 00:55:16.400 --> 00:55:18.630 align:start position:0% actually worked for a broker that was buying<00:55:16.720> recyclables<00:55:17.440> and<00:55:17.839> it<00:55:18.000> is<00:55:18.079> a<00:55:18.160> big<00:55:18.319> mess 00:55:18.630 --> 00:55:18.640 align:start position:0% buying recyclables and it is a big mess 00:55:18.640 --> 00:55:21.349 align:start position:0% buying recyclables and it is a big mess out<00:55:18.720> there<00:55:19.359> and<00:55:19.839> i<00:55:20.160> think<00:55:20.319> there's<00:55:20.559> a<00:55:21.119> a<00:55:21.200> good 00:55:21.349 --> 00:55:21.359 align:start position:0% out there and i think there's a a good 00:55:21.359 --> 00:55:22.710 align:start position:0% out there and i think there's a a good step<00:55:21.599> for<00:55:21.760> brantford<00:55:22.079> to<00:55:22.319> be<00:55:22.400> able<00:55:22.480> to<00:55:22.559> put 00:55:22.710 --> 00:55:22.720 align:start position:0% step for brantford to be able to put 00:55:22.720 --> 00:55:24.870 align:start position:0% step for brantford to be able to put your<00:55:22.880> arms<00:55:23.119> around<00:55:23.440> it<00:55:23.599> and<00:55:24.240> move<00:55:24.480> forward<00:55:24.720> and 00:55:24.870 --> 00:55:24.880 align:start position:0% your arms around it and move forward and 00:55:24.880 --> 00:55:26.069 align:start position:0% your arms around it and move forward and address<00:55:25.200> the<00:55:25.280> issues<00:55:25.599> that<00:55:25.760> might<00:55:25.920> be 00:55:26.069 --> 00:55:26.079 align:start position:0% address the issues that might be 00:55:26.079 --> 00:55:27.510 align:start position:0% address the issues that might be affecting<00:55:26.480> us 00:55:27.510 --> 00:55:27.520 align:start position:0% affecting us 00:55:27.520 --> 00:55:29.430 align:start position:0% affecting us thanks<00:55:27.839> jeff<00:55:28.079> motion's<00:55:28.480> been<00:55:28.720> seconded<00:55:29.280> made 00:55:29.430 --> 00:55:29.440 align:start position:0% thanks jeff motion's been seconded made 00:55:29.440 --> 00:55:30.470 align:start position:0% thanks jeff motion's been seconded made in<00:55:29.599> second 00:55:30.470 --> 00:55:30.480 align:start position:0% in second 00:55:30.480 --> 00:55:32.309 align:start position:0% in second additional<00:55:30.960> discussion 00:55:32.309 --> 00:55:32.319 align:start position:0% additional discussion 00:55:32.319 --> 00:55:34.470 align:start position:0% additional discussion one<00:55:32.640> favor<00:55:33.200> all<00:55:33.280> right 00:55:34.470 --> 00:55:34.480 align:start position:0% one favor all right 00:55:34.480 --> 00:55:37.670 align:start position:0% one favor all right thank<00:55:34.720> you<00:55:35.200> thank<00:55:35.440> you 00:55:37.670 --> 00:55:37.680 align:start position:0% 00:55:37.680 --> 00:55:39.349 align:start position:0% number<00:55:38.079> five<00:55:38.319> is<00:55:38.480> to<00:55:38.640> consider<00:55:39.040> an<00:55:39.200> if 00:55:39.349 --> 00:55:39.359 align:start position:0% number five is to consider an if 00:55:39.359 --> 00:55:41.109 align:start position:0% number five is to consider an if appropriate<00:55:40.000> approval<00:55:40.480> request<00:55:40.880> from<00:55:41.040> the 00:55:41.109 --> 00:55:41.119 align:start position:0% appropriate approval request from the 00:55:41.119 --> 00:55:44.390 align:start position:0% appropriate approval request from the assessor<00:55:41.599> for<00:55:41.760> the<00:55:41.920> following<00:55:42.480> fiscal<00:55:42.960> 22 00:55:44.390 --> 00:55:44.400 align:start position:0% assessor for the following fiscal 22 00:55:44.400 --> 00:55:45.829 align:start position:0% assessor for the following fiscal 22 budget<00:55:44.799> transfer 00:55:45.829 --> 00:55:45.839 align:start position:0% budget transfer 00:55:45.839 --> 00:55:48.390 align:start position:0% budget transfer from<00:55:46.400> regulars<00:55:47.359> wages<00:55:47.760> and<00:55:47.920> salaries 00:55:48.390 --> 00:55:48.400 align:start position:0% from regulars wages and salaries 00:55:48.400 --> 00:55:50.950 align:start position:0% from regulars wages and salaries fourteen<00:55:48.799> thousand<00:55:49.200> seven<00:55:49.520> twenty<00:55:49.760> six 00:55:50.950 --> 00:55:50.960 align:start position:0% fourteen thousand seven twenty six 00:55:50.960 --> 00:55:53.030 align:start position:0% fourteen thousand seven twenty six and<00:55:51.200> from<00:55:51.520> seasonal<00:55:52.000> and<00:55:52.079> part<00:55:52.400> time<00:55:52.720> four 00:55:53.030 --> 00:55:53.040 align:start position:0% and from seasonal and part time four 00:55:53.040 --> 00:55:54.870 align:start position:0% and from seasonal and part time four thousand<00:55:53.520> four<00:55:53.760> oh<00:55:54.000> two 00:55:54.870 --> 00:55:54.880 align:start position:0% thousand four oh two 00:55:54.880 --> 00:55:56.549 align:start position:0% thousand four oh two for<00:55:55.040> a<00:55:55.119> total<00:55:55.440> of<00:55:55.599> nineteen<00:55:56.000> thousand<00:55:56.319> one 00:55:56.549 --> 00:55:56.559 align:start position:0% for a total of nineteen thousand one 00:55:56.559 --> 00:55:58.630 align:start position:0% for a total of nineteen thousand one twenty<00:55:56.880> eight<00:55:57.200> transferring<00:55:57.760> into<00:55:58.079> overtime 00:55:58.630 --> 00:55:58.640 align:start position:0% twenty eight transferring into overtime 00:55:58.640 --> 00:56:01.750 align:start position:0% twenty eight transferring into overtime nineteen<00:55:59.119> thousand<00:56:00.000> one<00:56:00.240> twenty<00:56:00.559> eight 00:56:01.750 --> 00:56:01.760 align:start position:0% nineteen thousand one twenty eight 00:56:01.760 --> 00:56:03.910 align:start position:0% nineteen thousand one twenty eight welcome<00:56:02.160> barbara<00:56:02.559> neal<00:56:02.880> our<00:56:03.040> assessor<00:56:03.680> how 00:56:03.910 --> 00:56:03.920 align:start position:0% welcome barbara neal our assessor how 00:56:03.920 --> 00:56:06.470 align:start position:0% welcome barbara neal our assessor how are<00:56:04.079> you<00:56:04.640> welcome<00:56:05.280> i<00:56:05.520> just<00:56:05.839> want<00:56:06.000> to<00:56:06.079> say<00:56:06.319> the 00:56:06.470 --> 00:56:06.480 align:start position:0% are you welcome i just want to say the 00:56:06.480 --> 00:56:09.109 align:start position:0% are you welcome i just want to say the last<00:56:06.799> time<00:56:07.200> i<00:56:07.359> was<00:56:08.000> in<00:56:08.240> front<00:56:08.559> of<00:56:08.799> board<00:56:09.040> of 00:56:09.109 --> 00:56:09.119 align:start position:0% last time i was in front of board of 00:56:09.119 --> 00:56:11.349 align:start position:0% last time i was in front of board of finance<00:56:09.680> for<00:56:09.839> a<00:56:10.079> transfer 00:56:11.349 --> 00:56:11.359 align:start position:0% finance for a transfer 00:56:11.359 --> 00:56:14.470 align:start position:0% finance for a transfer was<00:56:11.599> in<00:56:11.760> 2002 00:56:14.470 --> 00:56:14.480 align:start position:0% was in 2002 00:56:14.480 --> 00:56:17.510 align:start position:0% was in 2002 when<00:56:14.720> we<00:56:15.119> came<00:56:15.359> in<00:56:15.520> for<00:56:15.599> a<00:56:15.760> transfor<00:56:16.880> transfer 00:56:17.510 --> 00:56:17.520 align:start position:0% when we came in for a transfor transfer 00:56:17.520 --> 00:56:19.589 align:start position:0% when we came in for a transfor transfer for<00:56:17.760> a<00:56:17.920> new<00:56:18.160> rat<00:56:18.559> new<00:56:18.799> company<00:56:19.200> to<00:56:19.359> do 00:56:19.589 --> 00:56:19.599 align:start position:0% for a new rat new company to do 00:56:19.599 --> 00:56:21.829 align:start position:0% for a new rat new company to do revaluation<00:56:20.960> so<00:56:21.119> you've<00:56:21.280> got<00:56:21.440> a<00:56:21.520> pretty<00:56:21.680> good 00:56:21.829 --> 00:56:21.839 align:start position:0% revaluation so you've got a pretty good 00:56:21.839 --> 00:56:24.230 align:start position:0% revaluation so you've got a pretty good record<00:56:22.160> there<00:56:22.640> yeah 00:56:24.230 --> 00:56:24.240 align:start position:0% record there yeah 00:56:24.240 --> 00:56:26.950 align:start position:0% record there yeah okay<00:56:24.720> this<00:56:25.040> request<00:56:25.680> is<00:56:26.160> um 00:56:26.950 --> 00:56:26.960 align:start position:0% okay this request is um 00:56:26.960 --> 00:56:28.309 align:start position:0% okay this request is um we're<00:56:27.440> i 00:56:28.309 --> 00:56:28.319 align:start position:0% we're i 00:56:28.319 --> 00:56:30.390 align:start position:0% we're i we<00:56:28.559> lost<00:56:28.880> two<00:56:29.119> full-time<00:56:29.520> positions<00:56:30.079> in<00:56:30.160> one 00:56:30.390 --> 00:56:30.400 align:start position:0% we lost two full-time positions in one 00:56:30.400 --> 00:56:32.069 align:start position:0% we lost two full-time positions in one part-time<00:56:30.880> position 00:56:32.069 --> 00:56:32.079 align:start position:0% part-time position 00:56:32.079 --> 00:56:34.069 align:start position:0% part-time position we<00:56:32.240> were<00:56:32.400> able<00:56:32.640> to<00:56:32.880> fill<00:56:33.200> one<00:56:33.680> full-time 00:56:34.069 --> 00:56:34.079 align:start position:0% we were able to fill one full-time 00:56:34.079 --> 00:56:35.990 align:start position:0% we were able to fill one full-time position<00:56:34.640> and<00:56:34.720> we've<00:56:34.880> had<00:56:35.119> a<00:56:35.200> very<00:56:35.440> difficult 00:56:35.990 --> 00:56:36.000 align:start position:0% position and we've had a very difficult 00:56:36.000 --> 00:56:38.950 align:start position:0% position and we've had a very difficult time<00:56:36.799> filling<00:56:37.119> the<00:56:37.440> other<00:56:38.160> and<00:56:38.480> also<00:56:38.799> the 00:56:38.950 --> 00:56:38.960 align:start position:0% time filling the other and also the 00:56:38.960 --> 00:56:42.069 align:start position:0% time filling the other and also the part-timer<00:56:39.599> in<00:56:39.760> my<00:56:39.920> office<00:56:40.799> so<00:56:41.119> the<00:56:41.359> staff<00:56:41.920> has 00:56:42.069 --> 00:56:42.079 align:start position:0% part-timer in my office so the staff has 00:56:42.079 --> 00:56:44.069 align:start position:0% part-timer in my office so the staff has been<00:56:42.319> working<00:56:43.119> they'll<00:56:43.440> actually<00:56:43.680> work<00:56:44.000> a 00:56:44.069 --> 00:56:44.079 align:start position:0% been working they'll actually work a 00:56:44.079 --> 00:56:45.589 align:start position:0% been working they'll actually work a half<00:56:44.319> hour<00:56:44.640> lunch 00:56:45.589 --> 00:56:45.599 align:start position:0% half hour lunch 00:56:45.599 --> 00:56:47.990 align:start position:0% half hour lunch they'll<00:56:46.000> come<00:56:46.240> in<00:56:46.480> early<00:56:47.280> not<00:56:47.520> necessarily 00:56:47.990 --> 00:56:48.000 align:start position:0% they'll come in early not necessarily 00:56:48.000 --> 00:56:49.190 align:start position:0% they'll come in early not necessarily work<00:56:48.240> late<00:56:48.480> well<00:56:48.559> i<00:56:48.640> have<00:56:48.799> two<00:56:49.040> they're 00:56:49.190 --> 00:56:49.200 align:start position:0% work late well i have two they're 00:56:49.200 --> 00:56:51.430 align:start position:0% work late well i have two they're working<00:56:49.520> till<00:56:49.760> five<00:56:50.079> but<00:56:50.319> um 00:56:51.430 --> 00:56:51.440 align:start position:0% working till five but um 00:56:51.440 --> 00:56:54.230 align:start position:0% working till five but um so<00:56:51.920> my<00:56:52.240> overtime<00:56:52.799> budget<00:56:53.440> in<00:56:53.520> the<00:56:53.680> budget<00:56:54.000> year 00:56:54.230 --> 00:56:54.240 align:start position:0% so my overtime budget in the budget year 00:56:54.240 --> 00:56:55.829 align:start position:0% so my overtime budget in the budget year was<00:56:54.559> a<00:56:54.640> little<00:56:54.799> bit<00:56:54.960> over<00:56:55.200> eight<00:56:55.440> thousand 00:56:55.829 --> 00:56:55.839 align:start position:0% was a little bit over eight thousand 00:56:55.839 --> 00:56:56.870 align:start position:0% was a little bit over eight thousand dollars 00:56:56.870 --> 00:56:56.880 align:start position:0% dollars 00:56:56.880 --> 00:56:59.190 align:start position:0% dollars and<00:56:57.119> i'm<00:56:57.359> already<00:56:57.839> almost<00:56:58.319> two-thirds 00:56:59.190 --> 00:56:59.200 align:start position:0% and i'm already almost two-thirds 00:56:59.200 --> 00:57:01.030 align:start position:0% and i'm already almost two-thirds through<00:56:59.440> that 00:57:01.030 --> 00:57:01.040 align:start position:0% through that 00:57:01.040 --> 00:57:03.829 align:start position:0% through that so<00:57:01.520> grantless<00:57:02.079> time<00:57:02.319> is<00:57:02.480> coming<00:57:02.880> up<00:57:03.040> and<00:57:03.280> so<00:57:03.599> i 00:57:03.829 --> 00:57:03.839 align:start position:0% so grantless time is coming up and so i 00:57:03.839 --> 00:57:05.750 align:start position:0% so grantless time is coming up and so i don't<00:57:04.160> want<00:57:04.319> to<00:57:04.400> be<00:57:04.640> in<00:57:04.720> a<00:57:04.799> hole<00:57:05.119> and<00:57:05.200> not<00:57:05.440> have 00:57:05.750 --> 00:57:05.760 align:start position:0% don't want to be in a hole and not have 00:57:05.760 --> 00:57:08.549 align:start position:0% don't want to be in a hole and not have money<00:57:06.160> to<00:57:06.480> complete<00:57:06.880> our<00:57:07.040> grand<00:57:07.359> lists<00:57:08.079> so<00:57:08.319> i'm 00:57:08.549 --> 00:57:08.559 align:start position:0% money to complete our grand lists so i'm 00:57:08.559 --> 00:57:10.870 align:start position:0% money to complete our grand lists so i'm looking<00:57:08.880> to<00:57:09.119> take<00:57:09.440> these<00:57:09.760> two<00:57:10.000> positions<00:57:10.640> that 00:57:10.870 --> 00:57:10.880 align:start position:0% looking to take these two positions that 00:57:10.880 --> 00:57:13.190 align:start position:0% looking to take these two positions that are<00:57:11.119> in<00:57:11.280> my<00:57:11.520> budget<00:57:11.920> that<00:57:12.079> have<00:57:12.319> not<00:57:12.960> been 00:57:13.190 --> 00:57:13.200 align:start position:0% are in my budget that have not been 00:57:13.200 --> 00:57:14.870 align:start position:0% are in my budget that have not been filled<00:57:13.520> at<00:57:13.599> this<00:57:13.920> point 00:57:14.870 --> 00:57:14.880 align:start position:0% filled at this point 00:57:14.880 --> 00:57:17.430 align:start position:0% filled at this point and<00:57:15.040> it's<00:57:15.359> through<00:57:15.839> september<00:57:16.640> of<00:57:16.880> this<00:57:17.119> year 00:57:17.430 --> 00:57:17.440 align:start position:0% and it's through september of this year 00:57:17.440 --> 00:57:19.190 align:start position:0% and it's through september of this year this<00:57:17.760> these<00:57:18.000> amounts<00:57:18.400> are<00:57:18.480> through<00:57:18.799> september 00:57:19.190 --> 00:57:19.200 align:start position:0% this these amounts are through september 00:57:19.200 --> 00:57:22.150 align:start position:0% this these amounts are through september of<00:57:19.359> this<00:57:19.520> year<00:57:20.160> and<00:57:20.319> put<00:57:20.480> them<00:57:20.799> in<00:57:21.040> overtime<00:57:21.920> so 00:57:22.150 --> 00:57:22.160 align:start position:0% of this year and put them in overtime so 00:57:22.160 --> 00:57:24.150 align:start position:0% of this year and put them in overtime so we<00:57:22.319> can<00:57:22.559> complete<00:57:23.040> the<00:57:23.119> grant<00:57:23.440> list<00:57:23.760> hopefully 00:57:24.150 --> 00:57:24.160 align:start position:0% we can complete the grant list hopefully 00:57:24.160 --> 00:57:26.789 align:start position:0% we can complete the grant list hopefully we'll<00:57:24.480> hire<00:57:24.839> somebody<00:57:25.839> but<00:57:26.000> the<00:57:26.160> market<00:57:26.640> is 00:57:26.789 --> 00:57:26.799 align:start position:0% we'll hire somebody but the market is 00:57:26.799 --> 00:57:29.270 align:start position:0% we'll hire somebody but the market is not<00:57:27.040> good<00:57:27.359> if<00:57:27.440> you<00:57:27.599> go<00:57:27.839> to<00:57:28.000> the<00:57:28.079> cio<00:57:28.640> website 00:57:29.270 --> 00:57:29.280 align:start position:0% not good if you go to the cio website 00:57:29.280 --> 00:57:30.549 align:start position:0% not good if you go to the cio website there's<00:57:29.680> several 00:57:30.549 --> 00:57:30.559 align:start position:0% there's several 00:57:30.559 --> 00:57:32.549 align:start position:0% there's several towns<00:57:30.960> that<00:57:31.119> are<00:57:31.200> looking<00:57:31.520> for<00:57:31.680> assessors<00:57:32.400> and 00:57:32.549 --> 00:57:32.559 align:start position:0% towns that are looking for assessors and 00:57:32.559 --> 00:57:35.430 align:start position:0% towns that are looking for assessors and clerks<00:57:33.119> and<00:57:33.520> part-time<00:57:34.079> full-time<00:57:34.559> help<00:57:35.280> and 00:57:35.430 --> 00:57:35.440 align:start position:0% clerks and part-time full-time help and 00:57:35.440 --> 00:57:37.510 align:start position:0% clerks and part-time full-time help and people<00:57:35.839> just<00:57:36.079> are<00:57:36.240> not<00:57:36.480> moving<00:57:36.960> from<00:57:37.119> one<00:57:37.359> town 00:57:37.510 --> 00:57:37.520 align:start position:0% people just are not moving from one town 00:57:37.520 --> 00:57:38.710 align:start position:0% people just are not moving from one town to<00:57:37.680> another 00:57:38.710 --> 00:57:38.720 align:start position:0% to another 00:57:38.720 --> 00:57:40.309 align:start position:0% to another i<00:57:38.799> don't<00:57:38.960> know<00:57:39.040> whether<00:57:39.440> it's<00:57:39.599> the<00:57:39.839> times 00:57:40.309 --> 00:57:40.319 align:start position:0% i don't know whether it's the times 00:57:40.319 --> 00:57:41.910 align:start position:0% i don't know whether it's the times they're<00:57:40.640> content<00:57:41.040> where<00:57:41.280> there<00:57:41.520> are<00:57:41.760> they 00:57:41.910 --> 00:57:41.920 align:start position:0% they're content where there are they 00:57:41.920 --> 00:57:43.589 align:start position:0% they're content where there are they just<00:57:42.160> don't<00:57:42.319> want<00:57:42.480> to<00:57:42.640> move 00:57:43.589 --> 00:57:43.599 align:start position:0% just don't want to move 00:57:43.599 --> 00:57:45.510 align:start position:0% just don't want to move um<00:57:44.000> one<00:57:44.160> of<00:57:44.240> the<00:57:44.400> problems<00:57:44.720> with<00:57:44.960> my<00:57:45.119> full-time 00:57:45.510 --> 00:57:45.520 align:start position:0% um one of the problems with my full-time 00:57:45.520 --> 00:57:47.510 align:start position:0% um one of the problems with my full-time position<00:57:46.160> is<00:57:46.319> the<00:57:46.480> pay 00:57:47.510 --> 00:57:47.520 align:start position:0% position is the pay 00:57:47.520 --> 00:57:50.069 align:start position:0% position is the pay but<00:57:47.839> we<00:57:48.079> keep<00:57:48.319> trying<00:57:48.799> we<00:57:49.280> interviewed<00:57:49.760> four 00:57:50.069 --> 00:57:50.079 align:start position:0% but we keep trying we interviewed four 00:57:50.079 --> 00:57:52.150 align:start position:0% but we keep trying we interviewed four people<00:57:50.400> last<00:57:50.720> week<00:57:51.040> but<00:57:51.440> we<00:57:51.599> haven't<00:57:51.839> found 00:57:52.150 --> 00:57:52.160 align:start position:0% people last week but we haven't found 00:57:52.160 --> 00:57:53.670 align:start position:0% people last week but we haven't found anybody<00:57:52.640> yet 00:57:53.670 --> 00:57:53.680 align:start position:0% anybody yet 00:57:53.680 --> 00:57:55.829 align:start position:0% anybody yet so<00:57:54.000> i<00:57:54.400> i<00:57:54.559> want<00:57:54.720> to<00:57:54.799> be<00:57:54.960> able<00:57:55.119> to<00:57:55.280> complete<00:57:55.760> our 00:57:55.829 --> 00:57:55.839 align:start position:0% so i i want to be able to complete our 00:57:55.839 --> 00:57:59.430 align:start position:0% so i i want to be able to complete our grant<00:57:56.160> list<00:57:56.559> and<00:57:57.040> be<00:57:57.200> able<00:57:57.440> to<00:57:58.000> get<00:57:58.160> that<00:57:58.480> done 00:57:59.430 --> 00:57:59.440 align:start position:0% grant list and be able to get that done 00:57:59.440 --> 00:58:01.510 align:start position:0% grant list and be able to get that done i<00:57:59.599> only<00:57:59.839> have<00:58:00.000> one<00:58:00.240> person<00:58:00.640> out<00:58:00.880> doing<00:58:01.119> permit 00:58:01.510 --> 00:58:01.520 align:start position:0% i only have one person out doing permit 00:58:01.520 --> 00:58:02.470 align:start position:0% i only have one person out doing permit work 00:58:02.470 --> 00:58:02.480 align:start position:0% work 00:58:02.480 --> 00:58:04.549 align:start position:0% work along<00:58:02.799> with<00:58:02.960> a<00:58:03.040> vendor<00:58:03.440> which<00:58:03.680> has<00:58:03.839> been<00:58:04.240> very 00:58:04.549 --> 00:58:04.559 align:start position:0% along with a vendor which has been very 00:58:04.559 --> 00:58:07.030 align:start position:0% along with a vendor which has been very difficult<00:58:05.040> this<00:58:05.280> summer<00:58:05.839> so<00:58:06.319> because<00:58:06.799> that 00:58:07.030 --> 00:58:07.040 align:start position:0% difficult this summer so because that 00:58:07.040 --> 00:58:09.190 align:start position:0% difficult this summer so because that person's<00:58:07.520> out<00:58:07.680> of<00:58:07.760> the<00:58:07.920> office<00:58:08.319> then<00:58:08.960> we're 00:58:09.190 --> 00:58:09.200 align:start position:0% person's out of the office then we're 00:58:09.200 --> 00:58:11.270 align:start position:0% person's out of the office then we're shorthand<00:58:09.760> in<00:58:09.839> the<00:58:10.000> office<00:58:10.400> too 00:58:11.270 --> 00:58:11.280 align:start position:0% shorthand in the office too 00:58:11.280 --> 00:58:13.910 align:start position:0% shorthand in the office too so<00:58:11.440> that's<00:58:11.760> the<00:58:11.839> purpose<00:58:12.240> of<00:58:12.319> the<00:58:12.480> transfer 00:58:13.910 --> 00:58:13.920 align:start position:0% so that's the purpose of the transfer 00:58:13.920 --> 00:58:18.549 align:start position:0% so that's the purpose of the transfer thanks<00:58:14.160> barbara<00:58:14.640> questions 00:58:18.549 --> 00:58:18.559 align:start position:0% 00:58:18.559 --> 00:58:20.150 align:start position:0% conducted<00:58:19.200> by 00:58:20.150 --> 00:58:20.160 align:start position:0% conducted by 00:58:20.160 --> 00:58:23.270 align:start position:0% conducted by jeff<00:58:20.480> seconded<00:58:20.960> by<00:58:21.280> victor<00:58:21.920> discussion 00:58:23.270 --> 00:58:23.280 align:start position:0% jeff seconded by victor discussion 00:58:23.280 --> 00:58:25.349 align:start position:0% jeff seconded by victor discussion all<00:58:23.520> in<00:58:23.599> favor 00:58:25.349 --> 00:58:25.359 align:start position:0% all in favor 00:58:25.359 --> 00:58:27.980 align:start position:0% all in favor thank<00:58:25.599> you 00:58:27.980 --> 00:58:27.990 align:start position:0% 00:58:27.990 --> 00:58:32.549 align:start position:0% [Music] 00:58:32.549 --> 00:58:32.559 align:start position:0% 00:58:32.559 --> 00:58:35.109 align:start position:0% okay<00:58:32.880> next<00:58:33.280> on<00:58:33.440> the<00:58:33.680> agenda<00:58:34.240> number<00:58:34.559> six<00:58:34.880> is<00:58:34.960> to 00:58:35.109 --> 00:58:35.119 align:start position:0% okay next on the agenda number six is to 00:58:35.119 --> 00:58:36.789 align:start position:0% okay next on the agenda number six is to consider<00:58:35.520> enough<00:58:35.760> appropriate<00:58:36.400> approval 00:58:36.789 --> 00:58:36.799 align:start position:0% consider enough appropriate approval 00:58:36.799 --> 00:58:38.230 align:start position:0% consider enough appropriate approval requests<00:58:37.119> from<00:58:37.280> the<00:58:37.359> finance<00:58:37.760> director<00:58:38.079> for 00:58:38.230 --> 00:58:38.240 align:start position:0% requests from the finance director for 00:58:38.240 --> 00:58:39.349 align:start position:0% requests from the finance director for the<00:58:38.400> following 00:58:39.349 --> 00:58:39.359 align:start position:0% the following 00:58:39.359 --> 00:58:41.750 align:start position:0% the following fiscal<00:58:39.760> 22<00:58:40.160> budget<00:58:40.559> transfer<00:58:41.040> from<00:58:41.440> fund 00:58:41.750 --> 00:58:41.760 align:start position:0% fiscal 22 budget transfer from fund 00:58:41.760 --> 00:58:42.789 align:start position:0% fiscal 22 budget transfer from fund balance 00:58:42.789 --> 00:58:42.799 align:start position:0% balance 00:58:42.799 --> 00:58:44.789 align:start position:0% balance 450<00:58:43.680> 000 00:58:44.789 --> 00:58:44.799 align:start position:0% 450 000 00:58:44.799 --> 00:58:47.190 align:start position:0% 450 000 into<00:58:45.359> police<00:58:45.760> retirement 00:58:47.190 --> 00:58:47.200 align:start position:0% into police retirement 00:58:47.200 --> 00:58:49.190 align:start position:0% into police retirement 450<00:58:48.000> 000. 00:58:49.190 --> 00:58:49.200 align:start position:0% 450 000. 00:58:49.200 --> 00:58:51.430 align:start position:0% 450 000. received<00:58:49.599> a<00:58:49.599> letter<00:58:50.000> from<00:58:50.319> jim<00:58:50.720> with<00:58:50.960> regards 00:58:51.430 --> 00:58:51.440 align:start position:0% received a letter from jim with regards 00:58:51.440 --> 00:58:53.430 align:start position:0% received a letter from jim with regards to<00:58:51.599> this<00:58:52.160> jim<00:58:52.400> would<00:58:52.559> you<00:58:52.720> like<00:58:52.799> to<00:58:53.200> hit<00:58:53.359> the 00:58:53.430 --> 00:58:53.440 align:start position:0% to this jim would you like to hit the 00:58:53.440 --> 00:58:55.190 align:start position:0% to this jim would you like to hit the highlights<00:58:53.920> on<00:58:54.079> sure 00:58:55.190 --> 00:58:55.200 align:start position:0% highlights on sure 00:58:55.200 --> 00:58:57.190 align:start position:0% highlights on sure actually<00:58:55.520> the<00:58:55.680> actuary<00:58:56.240> uh<00:58:56.480> i'm<00:58:56.720> sorry<00:58:56.960> the 00:58:57.190 --> 00:58:57.200 align:start position:0% actually the actuary uh i'm sorry the 00:58:57.200 --> 00:58:58.630 align:start position:0% actually the actuary uh i'm sorry the auditor<00:58:57.599> probably<00:58:57.839> set<00:58:58.000> the<00:58:58.079> table<00:58:58.400> a<00:58:58.400> little 00:58:58.630 --> 00:58:58.640 align:start position:0% auditor probably set the table a little 00:58:58.640 --> 00:59:00.950 align:start position:0% auditor probably set the table a little nicely<00:58:59.440> uh<00:58:59.599> when<00:58:59.839> he's<00:59:00.000> showing<00:59:00.240> the<00:59:00.400> 20<00:59:00.720> net 00:59:00.950 --> 00:59:00.960 align:start position:0% nicely uh when he's showing the 20 net 00:59:00.960 --> 00:59:03.270 align:start position:0% nicely uh when he's showing the 20 net pension<00:59:01.359> liabilities<00:59:02.079> and<00:59:02.160> showing<00:59:02.480> that<00:59:02.640> our 00:59:03.270 --> 00:59:03.280 align:start position:0% pension liabilities and showing that our 00:59:03.280 --> 00:59:05.510 align:start position:0% pension liabilities and showing that our funded<00:59:03.599> ratios<00:59:04.319> kind<00:59:04.480> of<00:59:04.559> hovered<00:59:04.880> in<00:59:05.040> that 00:59:05.510 --> 00:59:05.520 align:start position:0% funded ratios kind of hovered in that 00:59:05.520 --> 00:59:08.390 align:start position:0% funded ratios kind of hovered in that low<00:59:05.839> 70<00:59:06.319> to<00:59:06.640> high<00:59:06.960> 60<00:59:07.359> range 00:59:08.390 --> 00:59:08.400 align:start position:0% low 70 to high 60 range 00:59:08.400 --> 00:59:10.150 align:start position:0% low 70 to high 60 range uh<00:59:08.799> and<00:59:08.960> we've<00:59:09.119> taken<00:59:09.440> opportunities<00:59:10.000> in<00:59:10.079> the 00:59:10.150 --> 00:59:10.160 align:start position:0% uh and we've taken opportunities in the 00:59:10.160 --> 00:59:12.309 align:start position:0% uh and we've taken opportunities in the past<00:59:10.400> to<00:59:10.480> put<00:59:10.720> extra<00:59:11.040> dollars<00:59:11.920> into<00:59:12.160> the 00:59:12.309 --> 00:59:12.319 align:start position:0% past to put extra dollars into the 00:59:12.319 --> 00:59:14.789 align:start position:0% past to put extra dollars into the pension<00:59:12.720> plan<00:59:13.040> we<00:59:13.200> did<00:59:13.599> we<00:59:13.760> did<00:59:14.000> some<00:59:14.480> extra 00:59:14.789 --> 00:59:14.799 align:start position:0% pension plan we did we did some extra 00:59:14.799 --> 00:59:16.950 align:start position:0% pension plan we did we did some extra dollars<00:59:15.200> during<00:59:15.440> the<00:59:15.520> budget<00:59:15.839> process 00:59:16.950 --> 00:59:16.960 align:start position:0% dollars during the budget process 00:59:16.960 --> 00:59:19.270 align:start position:0% dollars during the budget process and<00:59:17.440> as<00:59:17.599> we<00:59:17.920> uh<00:59:18.319> approached 00:59:19.270 --> 00:59:19.280 align:start position:0% and as we uh approached 00:59:19.280 --> 00:59:21.510 align:start position:0% and as we uh approached the<00:59:19.440> end<00:59:19.599> of<00:59:19.680> the<00:59:19.920> 21<00:59:20.480> year 00:59:21.510 --> 00:59:21.520 align:start position:0% the end of the 21 year 00:59:21.520 --> 00:59:24.870 align:start position:0% the end of the 21 year we<00:59:21.760> had<00:59:22.079> roughly<00:59:22.760> 465<00:59:23.839> 000 00:59:24.870 --> 00:59:24.880 align:start position:0% we had roughly 465 000 00:59:24.880 --> 00:59:26.710 align:start position:0% we had roughly 465 000 a<00:59:25.040> balance<00:59:25.440> in<00:59:25.520> the<00:59:25.599> contingency<00:59:26.240> fund<00:59:26.480> which 00:59:26.710 --> 00:59:26.720 align:start position:0% a balance in the contingency fund which 00:59:26.720 --> 00:59:28.630 align:start position:0% a balance in the contingency fund which would<00:59:26.880> then<00:59:27.119> have<00:59:27.760> in<00:59:28.079> under<00:59:28.319> normal 00:59:28.630 --> 00:59:28.640 align:start position:0% would then have in under normal 00:59:28.640 --> 00:59:31.109 align:start position:0% would then have in under normal circumstances<00:59:29.920> flowed<00:59:30.319> back<00:59:30.559> to<00:59:30.640> the<00:59:30.799> fund 00:59:31.109 --> 00:59:31.119 align:start position:0% circumstances flowed back to the fund 00:59:31.119 --> 00:59:32.470 align:start position:0% circumstances flowed back to the fund balance 00:59:32.470 --> 00:59:32.480 align:start position:0% balance 00:59:32.480 --> 00:59:33.270 align:start position:0% balance uh 00:59:33.270 --> 00:59:33.280 align:start position:0% uh 00:59:33.280 --> 00:59:36.630 align:start position:0% uh our<00:59:33.440> actuary<00:59:33.920> reports<00:59:34.880> gasp<00:59:35.359> 67-68<00:59:36.319> reports 00:59:36.630 --> 00:59:36.640 align:start position:0% our actuary reports gasp 67-68 reports 00:59:36.640 --> 00:59:38.069 align:start position:0% our actuary reports gasp 67-68 reports already<00:59:36.960> completed 00:59:38.069 --> 00:59:38.079 align:start position:0% already completed 00:59:38.079 --> 00:59:40.230 align:start position:0% already completed for<00:59:38.319> june<00:59:38.559> 30th<00:59:39.040> 21 00:59:40.230 --> 00:59:40.240 align:start position:0% for june 30th 21 00:59:40.240 --> 00:59:42.390 align:start position:0% for june 30th 21 uh<00:59:40.880> so<00:59:41.200> rather 00:59:42.390 --> 00:59:42.400 align:start position:0% uh so rather 00:59:42.400 --> 00:59:45.190 align:start position:0% uh so rather have<00:59:42.640> the<00:59:42.720> actuaries<00:59:43.200> rerun<00:59:43.599> those<00:59:43.839> reports 00:59:45.190 --> 00:59:45.200 align:start position:0% have the actuaries rerun those reports 00:59:45.200 --> 00:59:47.190 align:start position:0% have the actuaries rerun those reports the<00:59:45.359> way<00:59:45.599> to<00:59:45.760> accomplish<00:59:46.400> that 00:59:47.190 --> 00:59:47.200 align:start position:0% the way to accomplish that 00:59:47.200 --> 00:59:49.030 align:start position:0% the way to accomplish that when<00:59:47.359> you<00:59:47.520> look<00:59:47.760> at<00:59:47.839> the<00:59:48.000> two<00:59:48.240> fiscal<00:59:48.640> years 00:59:49.030 --> 00:59:49.040 align:start position:0% when you look at the two fiscal years 00:59:49.040 --> 00:59:50.549 align:start position:0% when you look at the two fiscal years side<00:59:49.359> by<00:59:49.680> side 00:59:50.549 --> 00:59:50.559 align:start position:0% side by side 00:59:50.559 --> 00:59:51.990 align:start position:0% side by side is<00:59:50.799> to 00:59:51.990 --> 00:59:52.000 align:start position:0% is to 00:59:52.000 --> 00:59:54.150 align:start position:0% is to take<00:59:52.240> 450<00:59:52.880> 000<00:59:53.119> from<00:59:53.280> fund<00:59:53.520> balance<00:59:53.920> in<00:59:54.079> the 00:59:54.150 --> 00:59:54.160 align:start position:0% take 450 000 from fund balance in the 00:59:54.160 --> 00:59:55.270 align:start position:0% take 450 000 from fund balance in the current<00:59:54.480> year 00:59:55.270 --> 00:59:55.280 align:start position:0% current year 00:59:55.280 --> 00:59:56.390 align:start position:0% current year so 00:59:56.390 --> 00:59:56.400 align:start position:0% so 00:59:56.400 --> 00:59:57.990 align:start position:0% so if<00:59:56.480> you<00:59:56.559> look<00:59:56.799> at<00:59:57.200> if<00:59:57.359> you<00:59:57.440> look<00:59:57.520> at<00:59:57.680> the<00:59:57.760> two 00:59:57.990 --> 00:59:58.000 align:start position:0% if you look at if you look at the two 00:59:58.000 --> 00:59:59.750 align:start position:0% if you look at if you look at the two side<00:59:58.240> by<00:59:58.480> side 00:59:59.750 --> 00:59:59.760 align:start position:0% side by side 00:59:59.760 --> 01:00:01.829 align:start position:0% side by side they<01:00:00.000> ultimately<01:00:00.559> wash 01:00:01.829 --> 01:00:01.839 align:start position:0% they ultimately wash 01:00:01.839 --> 01:00:04.630 align:start position:0% they ultimately wash this<01:00:02.079> will<01:00:02.400> help<01:00:02.640> us<01:00:02.799> on<01:00:02.880> the<01:00:03.040> flooded<01:00:03.359> ratio 01:00:04.630 --> 01:00:04.640 align:start position:0% this will help us on the flooded ratio 01:00:04.640 --> 01:00:07.190 align:start position:0% this will help us on the flooded ratio and<01:00:05.119> uh<01:00:05.680> and<01:00:05.920> down<01:00:06.240> the<01:00:06.319> road 01:00:07.190 --> 01:00:07.200 align:start position:0% and uh and down the road 01:00:07.200 --> 01:00:09.270 align:start position:0% and uh and down the road uh<01:00:07.920> we're<01:00:08.160> gonna<01:00:08.240> have<01:00:08.319> to<01:00:08.480> start 01:00:09.270 --> 01:00:09.280 align:start position:0% uh we're gonna have to start 01:00:09.280 --> 01:00:11.349 align:start position:0% uh we're gonna have to start incorporating<01:00:10.319> or<01:00:10.400> at<01:00:10.480> least<01:00:10.720> i 01:00:11.349 --> 01:00:11.359 align:start position:0% incorporating or at least i 01:00:11.359 --> 01:00:12.710 align:start position:0% incorporating or at least i believe<01:00:11.760> we<01:00:11.839> should<01:00:12.079> incorporate<01:00:12.480> some<01:00:12.640> of 01:00:12.710 --> 01:00:12.720 align:start position:0% believe we should incorporate some of 01:00:12.720 --> 01:00:14.549 align:start position:0% believe we should incorporate some of the<01:00:12.799> new<01:00:12.960> mortality<01:00:13.520> tables 01:00:14.549 --> 01:00:14.559 align:start position:0% the new mortality tables 01:00:14.559 --> 01:00:17.589 align:start position:0% the new mortality tables uh<01:00:14.960> so<01:00:15.200> that<01:00:15.440> uh<01:00:15.920> typically<01:00:16.480> has<01:00:16.799> a 01:00:17.589 --> 01:00:17.599 align:start position:0% uh so that uh typically has a 01:00:17.599 --> 01:00:19.910 align:start position:0% uh so that uh typically has a has<01:00:17.760> an<01:00:17.920> impact<01:00:18.400> on<01:00:18.720> uh 01:00:19.910 --> 01:00:19.920 align:start position:0% has an impact on uh 01:00:19.920 --> 01:00:21.430 align:start position:0% has an impact on uh on<01:00:20.000> our<01:00:20.160> future<01:00:20.400> liabilities<01:00:21.040> on<01:00:21.119> the<01:00:21.280> other 01:00:21.430 --> 01:00:21.440 align:start position:0% on our future liabilities on the other 01:00:21.440 --> 01:00:23.270 align:start position:0% on our future liabilities on the other hand<01:00:22.160> uh<01:00:22.400> there<01:00:22.559> may<01:00:22.720> be<01:00:22.799> some<01:00:22.960> other<01:00:23.119> things 01:00:23.270 --> 01:00:23.280 align:start position:0% hand uh there may be some other things 01:00:23.280 --> 01:00:24.470 align:start position:0% hand uh there may be some other things we<01:00:23.440> can<01:00:23.520> look<01:00:23.760> at<01:00:24.000> some<01:00:24.160> of<01:00:24.240> the<01:00:24.319> other 01:00:24.470 --> 01:00:24.480 align:start position:0% we can look at some of the other 01:00:24.480 --> 01:00:25.910 align:start position:0% we can look at some of the other assumptions<01:00:24.960> primarily<01:00:25.440> like<01:00:25.599> some<01:00:25.760> of<01:00:25.839> the 01:00:25.910 --> 01:00:25.920 align:start position:0% assumptions primarily like some of the 01:00:25.920 --> 01:00:28.549 align:start position:0% assumptions primarily like some of the wage<01:00:26.240> increases<01:00:26.640> which<01:00:26.880> have<01:00:26.960> been<01:00:28.160> lower 01:00:28.549 --> 01:00:28.559 align:start position:0% wage increases which have been lower 01:00:28.559 --> 01:00:31.990 align:start position:0% wage increases which have been lower than<01:00:29.200> what's<01:00:29.520> assumed<01:00:30.559> so<01:00:31.040> uh<01:00:31.599> essentially 01:00:31.990 --> 01:00:32.000 align:start position:0% than what's assumed so uh essentially 01:00:32.000 --> 01:00:33.190 align:start position:0% than what's assumed so uh essentially the<01:00:32.079> dollar<01:00:32.319> amount<01:00:32.559> we're<01:00:32.720> looking<01:00:32.880> at<01:00:33.040> is 01:00:33.190 --> 01:00:33.200 align:start position:0% the dollar amount we're looking at is 01:00:33.200 --> 01:00:35.750 align:start position:0% the dollar amount we're looking at is 450<01:00:33.839> 000.<01:00:34.559> if<01:00:34.720> you<01:00:34.880> were<01:00:35.040> to<01:00:35.200> approve<01:00:35.520> that 01:00:35.750 --> 01:00:35.760 align:start position:0% 450 000. if you were to approve that 01:00:35.760 --> 01:00:37.829 align:start position:0% 450 000. if you were to approve that then<01:00:36.000> we<01:00:36.160> would<01:00:36.319> make<01:00:36.559> a 01:00:37.829 --> 01:00:37.839 align:start position:0% then we would make a 01:00:37.839 --> 01:00:38.710 align:start position:0% then we would make a another 01:00:38.710 --> 01:00:38.720 align:start position:0% another 01:00:38.720 --> 01:00:40.390 align:start position:0% another payment<01:00:39.200> into<01:00:39.440> the<01:00:39.599> pension<01:00:40.000> fund<01:00:40.240> in 01:00:40.390 --> 01:00:40.400 align:start position:0% payment into the pension fund in 01:00:40.400 --> 01:00:43.750 align:start position:0% payment into the pension fund in addition<01:00:40.799> to<01:00:41.440> what's<01:00:41.680> in<01:00:41.760> the<01:00:41.839> current<01:00:42.160> budget 01:00:43.750 --> 01:00:43.760 align:start position:0% addition to what's in the current budget 01:00:43.760 --> 01:00:45.990 align:start position:0% addition to what's in the current budget thanks<01:00:44.079> jim<01:00:44.720> what's<01:00:44.960> the<01:00:45.200> current<01:00:45.599> budget 01:00:45.990 --> 01:00:46.000 align:start position:0% thanks jim what's the current budget 01:00:46.000 --> 01:00:47.510 align:start position:0% thanks jim what's the current budget amount<01:00:46.319> for<01:00:46.480> 22 01:00:47.510 --> 01:00:47.520 align:start position:0% amount for 22 01:00:47.520 --> 01:00:49.670 align:start position:0% amount for 22 ah<01:00:47.839> let<01:00:48.000> me<01:00:48.079> just<01:00:48.240> check<01:00:48.480> that<01:00:48.799> it's 01:00:49.670 --> 01:00:49.680 align:start position:0% ah let me just check that it's 01:00:49.680 --> 01:00:51.750 align:start position:0% ah let me just check that it's a<01:00:49.760> little<01:00:50.000> over<01:00:50.160> a<01:00:50.240> million<01:00:50.559> bucks<01:00:50.960> and<01:00:51.119> change 01:00:51.750 --> 01:00:51.760 align:start position:0% a little over a million bucks and change 01:00:51.760 --> 01:00:53.750 align:start position:0% a little over a million bucks and change now<01:00:51.920> i<01:00:52.000> note<01:00:52.319> that<01:00:52.559> in<01:00:52.799> on<01:00:53.200> the<01:00:53.359> auditor's 01:00:53.750 --> 01:00:53.760 align:start position:0% now i note that in on the auditor's 01:00:53.760 --> 01:00:55.430 align:start position:0% now i note that in on the auditor's presentation<01:00:54.480> that<01:00:54.720> they 01:00:55.430 --> 01:00:55.440 align:start position:0% presentation that they 01:00:55.440 --> 01:00:56.870 align:start position:0% presentation that they did<01:00:55.680> highlight<01:00:56.160> that<01:00:56.319> the<01:00:56.480> unfunded 01:00:56.870 --> 01:00:56.880 align:start position:0% did highlight that the unfunded 01:00:56.880 --> 01:00:59.910 align:start position:0% did highlight that the unfunded liability<01:00:57.599> actually<01:00:58.240> went 01:00:59.910 --> 01:00:59.920 align:start position:0% liability actually went 01:00:59.920 --> 01:01:02.470 align:start position:0% liability actually went percentage<01:01:00.640> went<01:01:00.960> down<01:01:01.359> from 01:01:02.470 --> 01:01:02.480 align:start position:0% percentage went down from 01:01:02.480 --> 01:01:04.789 align:start position:0% percentage went down from 71 01:01:04.789 --> 01:01:04.799 align:start position:0% 71 01:01:04.799 --> 01:01:06.950 align:start position:0% 71 to<01:01:05.119> 68 01:01:06.950 --> 01:01:06.960 align:start position:0% to 68 01:01:06.960 --> 01:01:08.829 align:start position:0% to 68 although<01:01:07.280> it<01:01:07.520> seems<01:01:07.839> to<01:01:08.160> have 01:01:08.829 --> 01:01:08.839 align:start position:0% although it seems to have 01:01:08.839 --> 01:01:13.750 align:start position:0% although it seems to have fluctuated<01:01:09.680> over<01:01:09.920> the<01:01:10.000> past<01:01:10.319> couple<01:01:10.640> years 01:01:13.750 --> 01:01:13.760 align:start position:0% 01:01:13.760 --> 01:01:17.270 align:start position:0% is<01:01:13.920> that 01:01:17.270 --> 01:01:17.280 align:start position:0% 01:01:17.280 --> 01:01:19.750 align:start position:0% primarily<01:01:17.760> due<01:01:17.920> to<01:01:18.160> investment 01:01:19.750 --> 01:01:19.760 align:start position:0% primarily due to investment 01:01:19.760 --> 01:01:23.510 align:start position:0% primarily due to investment or<01:01:20.000> is<01:01:20.160> that 01:01:23.510 --> 01:01:23.520 align:start position:0% 01:01:23.520 --> 01:01:26.309 align:start position:0% other<01:01:23.839> for<01:01:24.240> other<01:01:24.480> reasons<01:01:25.359> well<01:01:25.920> what<01:01:26.160> would 01:01:26.309 --> 01:01:26.319 align:start position:0% other for other reasons well what would 01:01:26.319 --> 01:01:28.470 align:start position:0% other for other reasons well what would have<01:01:26.400> had<01:01:26.960> yeah<01:01:27.200> it<01:01:27.280> would<01:01:27.440> be<01:01:27.760> a<01:01:27.920> combination 01:01:28.470 --> 01:01:28.480 align:start position:0% have had yeah it would be a combination 01:01:28.480 --> 01:01:31.670 align:start position:0% have had yeah it would be a combination of<01:01:28.559> things<01:01:28.960> investment<01:01:29.839> and<01:01:30.240> also<01:01:30.880> uh 01:01:31.670 --> 01:01:31.680 align:start position:0% of things investment and also uh 01:01:31.680 --> 01:01:33.349 align:start position:0% of things investment and also uh you<01:01:31.760> know<01:01:31.920> we<01:01:32.000> did<01:01:32.240> actually 01:01:33.349 --> 01:01:33.359 align:start position:0% you know we did actually 01:01:33.359 --> 01:01:34.710 align:start position:0% you know we did actually although<01:01:33.599> it<01:01:33.680> wouldn't<01:01:33.839> be<01:01:34.000> a<01:01:34.079> huge<01:01:34.400> driver 01:01:34.710 --> 01:01:34.720 align:start position:0% although it wouldn't be a huge driver 01:01:34.720 --> 01:01:36.789 align:start position:0% although it wouldn't be a huge driver necessarily<01:01:35.200> but<01:01:35.359> we<01:01:35.520> did<01:01:35.680> then<01:01:35.920> convert<01:01:36.480> to 01:01:36.789 --> 01:01:36.799 align:start position:0% necessarily but we did then convert to 01:01:36.799 --> 01:01:41.030 align:start position:0% necessarily but we did then convert to the<01:01:37.040> defined<01:01:37.440> benefit<01:01:37.839> plan<01:01:38.079> as<01:01:38.240> well 01:01:41.030 --> 01:01:41.040 align:start position:0% 01:01:41.040 --> 01:01:42.309 align:start position:0% um 01:01:42.309 --> 01:01:42.319 align:start position:0% um 01:01:42.319 --> 01:01:44.870 align:start position:0% um so<01:01:42.480> there's<01:01:42.880> multiple<01:01:43.359> factors<01:01:43.839> that<01:01:43.920> would 01:01:44.870 --> 01:01:44.880 align:start position:0% so there's multiple factors that would 01:01:44.880 --> 01:01:47.910 align:start position:0% so there's multiple factors that would that<01:01:45.040> would<01:01:45.680> affect<01:01:46.079> that 01:01:47.910 --> 01:01:47.920 align:start position:0% that would affect that 01:01:47.920 --> 01:01:49.030 align:start position:0% that would affect that that's<01:01:48.160> all<01:01:48.319> right 01:01:49.030 --> 01:01:49.040 align:start position:0% that's all right 01:01:49.040 --> 01:01:51.270 align:start position:0% that's all right i<01:01:49.119> thought<01:01:49.280> i<01:01:49.359> was<01:01:49.520> in<01:01:49.599> here<01:01:50.000> a<01:01:50.079> million<01:01:50.480> three 01:01:51.270 --> 01:01:51.280 align:start position:0% i thought i was in here a million three 01:01:51.280 --> 01:01:54.230 align:start position:0% i thought i was in here a million three maybe<01:01:51.599> your<01:01:51.839> uh<01:01:52.480> assistant<01:01:52.960> budget 01:01:54.230 --> 01:01:54.240 align:start position:0% maybe your uh assistant budget 01:01:54.240 --> 01:01:58.069 align:start position:0% maybe your uh assistant budget finance<01:01:54.640> director<01:01:54.960> may<01:01:55.119> have 01:01:58.069 --> 01:01:58.079 align:start position:0% 01:01:58.079 --> 01:02:00.950 align:start position:0% probably<01:01:58.319> about<01:01:58.480> a<01:01:58.559> million<01:01:58.799> true<01:01:59.200> right 01:02:00.950 --> 01:02:00.960 align:start position:0% probably about a million true right 01:02:00.960 --> 01:02:04.150 align:start position:0% probably about a million true right excuse<01:02:01.359> me<01:02:01.680> it's<01:02:01.920> probably<01:02:02.079> about<01:02:02.240> a<01:02:02.319> million 01:02:04.150 --> 01:02:04.160 align:start position:0% excuse me it's probably about a million 01:02:04.160 --> 01:02:06.630 align:start position:0% excuse me it's probably about a million budget<01:02:04.559> resolution<01:02:05.280> with<01:02:05.520> this<01:02:06.160> increasing 01:02:06.630 --> 01:02:06.640 align:start position:0% budget resolution with this increasing 01:02:06.640 --> 01:02:09.430 align:start position:0% budget resolution with this increasing the<01:02:06.799> size<01:02:07.119> of<01:02:07.200> the<01:02:07.280> budget<01:02:08.000> this<01:02:08.240> is<01:02:08.559> uh<01:02:08.799> yes 01:02:09.430 --> 01:02:09.440 align:start position:0% the size of the budget this is uh yes 01:02:09.440 --> 01:02:12.309 align:start position:0% the size of the budget this is uh yes okay<01:02:09.760> i<01:02:09.839> don't<01:02:10.079> see<01:02:10.240> one<01:02:10.480> in<01:02:10.799> on<01:02:10.960> the<01:02:11.119> agenda<01:02:12.000> so 01:02:12.309 --> 01:02:12.319 align:start position:0% okay i don't see one in on the agenda so 01:02:12.319 --> 01:02:13.910 align:start position:0% okay i don't see one in on the agenda so uh 01:02:13.910 --> 01:02:13.920 align:start position:0% uh 01:02:13.920 --> 01:02:15.829 align:start position:0% uh pardon 01:02:15.829 --> 01:02:15.839 align:start position:0% pardon 01:02:15.839 --> 01:02:17.750 align:start position:0% pardon oh<01:02:16.079> you<01:02:16.240> got<01:02:16.400> it<01:02:16.640> okay 01:02:17.750 --> 01:02:17.760 align:start position:0% oh you got it okay 01:02:17.760 --> 01:02:33.029 align:start position:0% oh you got it okay thanks<01:02:18.000> for<01:02:18.079> that<01:02:18.240> all<01:02:18.319> right<01:02:18.640> thanks<01:02:18.880> sorry 01:02:33.029 --> 01:02:33.039 align:start position:0% 01:02:33.039 --> 01:02:36.470 align:start position:0% is<01:02:33.200> this<01:02:33.440> is<01:02:33.520> a<01:02:33.599> million<01:02:33.920> 190. 01:02:36.470 --> 01:02:36.480 align:start position:0% is this is a million 190. 01:02:36.480 --> 01:02:38.630 align:start position:0% is this is a million 190. um 01:02:38.630 --> 01:02:38.640 align:start position:0% um 01:02:38.640 --> 01:02:39.750 align:start position:0% um so<01:02:38.960> the 01:02:39.750 --> 01:02:39.760 align:start position:0% so the 01:02:39.760 --> 01:02:43.270 align:start position:0% so the uh<01:02:40.079> proposed<01:02:40.640> resolution<01:02:41.440> on<01:02:41.680> this<01:02:42.160> if<01:02:42.799> we<01:02:42.960> so 01:02:43.270 --> 01:02:43.280 align:start position:0% uh proposed resolution on this if we so 01:02:43.280 --> 01:02:44.950 align:start position:0% uh proposed resolution on this if we so consider<01:02:43.839> is<01:02:44.000> resolved<01:02:44.480> at<01:02:44.559> the<01:02:44.640> board<01:02:44.880> of 01:02:44.950 --> 01:02:44.960 align:start position:0% consider is resolved at the board of 01:02:44.960 --> 01:02:47.670 align:start position:0% consider is resolved at the board of finance<01:02:45.760> recommends<01:02:46.240> to<01:02:46.319> the<01:02:46.559> rtm 01:02:47.670 --> 01:02:47.680 align:start position:0% finance recommends to the rtm 01:02:47.680 --> 01:02:49.670 align:start position:0% finance recommends to the rtm an<01:02:47.920> increase<01:02:48.480> in<01:02:48.640> the<01:02:48.720> appropriations<01:02:49.520> for 01:02:49.670 --> 01:02:49.680 align:start position:0% an increase in the appropriations for 01:02:49.680 --> 01:02:53.029 align:start position:0% an increase in the appropriations for the<01:02:49.760> fiscal<01:02:50.160> year<01:02:50.640> 2022<01:02:51.599> general<01:02:51.920> fund<01:02:52.160> budget 01:02:53.029 --> 01:02:53.039 align:start position:0% the fiscal year 2022 general fund budget 01:02:53.039 --> 01:02:56.390 align:start position:0% the fiscal year 2022 general fund budget from<01:02:53.200> 120<01:02:53.839> million<01:02:54.240> 515<01:02:55.039> 315 01:02:56.390 --> 01:02:56.400 align:start position:0% from 120 million 515 315 01:02:56.400 --> 01:02:59.990 align:start position:0% from 120 million 515 315 to<01:02:56.559> 120<01:02:57.119> million<01:02:57.520> 965<01:02:58.400> 315<01:02:59.440> this<01:02:59.680> increase 01:02:59.990 --> 01:03:00.000 align:start position:0% to 120 million 965 315 this increase 01:03:00.000 --> 01:03:01.430 align:start position:0% to 120 million 965 315 this increase will<01:03:00.160> be<01:03:00.240> funded<01:03:00.559> through<01:03:00.720> an<01:03:00.799> appropriation 01:03:01.430 --> 01:03:01.440 align:start position:0% will be funded through an appropriation 01:03:01.440 --> 01:03:03.349 align:start position:0% will be funded through an appropriation from<01:03:01.680> fund<01:03:02.000> balance<01:03:02.480> and<01:03:02.559> will<01:03:02.720> be<01:03:02.880> used<01:03:03.119> to 01:03:03.349 --> 01:03:03.359 align:start position:0% from fund balance and will be used to 01:03:03.359 --> 01:03:04.230 align:start position:0% from fund balance and will be used to increase 01:03:04.230 --> 01:03:04.240 align:start position:0% increase 01:03:04.240 --> 01:03:09.029 align:start position:0% increase the<01:03:04.400> police<01:03:04.799> pension<01:03:05.200> contributions 01:03:09.029 --> 01:03:09.039 align:start position:0% 01:03:09.039 --> 01:03:11.829 align:start position:0% that's<01:03:09.280> for<01:03:09.520> consideration 01:03:11.829 --> 01:03:11.839 align:start position:0% that's for consideration 01:03:11.839 --> 01:03:13.190 align:start position:0% that's for consideration before<01:03:12.160> it's<01:03:12.319> been 01:03:13.190 --> 01:03:13.200 align:start position:0% before it's been 01:03:13.200 --> 01:03:16.549 align:start position:0% before it's been moved<01:03:13.520> and<01:03:13.839> seconded 01:03:16.549 --> 01:03:16.559 align:start position:0% moved and seconded 01:03:16.559 --> 01:03:19.990 align:start position:0% moved and seconded questions<01:03:17.119> discussion 01:03:19.990 --> 01:03:20.000 align:start position:0% 01:03:20.000 --> 01:03:21.589 align:start position:0% all<01:03:20.160> in<01:03:20.319> favor 01:03:21.589 --> 01:03:21.599 align:start position:0% all in favor 01:03:21.599 --> 01:03:27.589 align:start position:0% all in favor thank<01:03:21.839> you 01:03:27.589 --> 01:03:27.599 align:start position:0% 01:03:27.599 --> 01:03:29.190 align:start position:0% next<01:03:28.160> is 01:03:29.190 --> 01:03:29.200 align:start position:0% next is 01:03:29.200 --> 01:03:30.870 align:start position:0% next is item<01:03:29.520> number<01:03:29.839> seven<01:03:30.160> to<01:03:30.319> consider<01:03:30.640> enough 01:03:30.870 --> 01:03:30.880 align:start position:0% item number seven to consider enough 01:03:30.880 --> 01:03:32.230 align:start position:0% item number seven to consider enough appropriate<01:03:31.359> approval<01:03:31.680> requests<01:03:32.000> from<01:03:32.160> the 01:03:32.230 --> 01:03:32.240 align:start position:0% appropriate approval requests from the 01:03:32.240 --> 01:03:33.910 align:start position:0% appropriate approval requests from the finance<01:03:32.559> director<01:03:32.880> for<01:03:33.039> the<01:03:33.200> following 01:03:33.910 --> 01:03:33.920 align:start position:0% finance director for the following 01:03:33.920 --> 01:03:36.230 align:start position:0% finance director for the following fiscal<01:03:34.559> 22<01:03:35.039> budget<01:03:35.440> transfer<01:03:35.920> from 01:03:36.230 --> 01:03:36.240 align:start position:0% fiscal 22 budget transfer from 01:03:36.240 --> 01:03:37.710 align:start position:0% fiscal 22 budget transfer from contingency 01:03:37.710 --> 01:03:37.720 align:start position:0% contingency 01:03:37.720 --> 01:03:41.910 align:start position:0% contingency 6500<01:03:38.880> into<01:03:39.280> software<01:03:40.000> 6500 01:03:41.910 --> 01:03:41.920 align:start position:0% 6500 into software 6500 01:03:41.920 --> 01:03:42.630 align:start position:0% 6500 into software 6500 and 01:03:42.630 --> 01:03:42.640 align:start position:0% and 01:03:42.640 --> 01:03:45.589 align:start position:0% and jim's<01:03:43.039> request<01:03:43.599> is<01:03:43.839> to 01:03:45.589 --> 01:03:45.599 align:start position:0% jim's request is to 01:03:45.599 --> 01:03:47.750 align:start position:0% jim's request is to provide<01:03:46.079> a 01:03:47.750 --> 01:03:47.760 align:start position:0% provide a 01:03:47.760 --> 01:03:49.190 align:start position:0% provide a debt<01:03:48.079> management 01:03:49.190 --> 01:03:49.200 align:start position:0% debt management 01:03:49.200 --> 01:03:52.470 align:start position:0% debt management tracking<01:03:49.839> software<01:03:50.799> application 01:03:52.470 --> 01:03:52.480 align:start position:0% tracking software application 01:03:52.480 --> 01:03:56.549 align:start position:0% tracking software application uh<01:03:52.880> jim<01:03:53.119> you<01:03:53.280> want<01:03:53.440> to<01:03:53.680> uh<01:03:54.400> sure 01:03:56.549 --> 01:03:56.559 align:start position:0% uh jim you want to uh sure 01:03:56.559 --> 01:03:58.390 align:start position:0% uh jim you want to uh sure basically<01:03:57.119> there's<01:03:57.520> a 01:03:58.390 --> 01:03:58.400 align:start position:0% basically there's a 01:03:58.400 --> 01:04:01.109 align:start position:0% basically there's a uh<01:03:58.880> myself<01:03:59.440> catherine<01:04:00.079> and<01:04:00.319> uh<01:04:00.480> irene<01:04:00.880> in<01:04:00.960> her 01:04:01.109 --> 01:04:01.119 align:start position:0% uh myself catherine and uh irene in her 01:04:01.119 --> 01:04:02.069 align:start position:0% uh myself catherine and uh irene in her office 01:04:02.069 --> 01:04:02.079 align:start position:0% office 01:04:02.079 --> 01:04:04.789 align:start position:0% office we're<01:04:02.240> looking<01:04:02.559> at<01:04:02.799> a<01:04:02.960> uh<01:04:03.280> a<01:04:03.440> program<01:04:03.920> that<01:04:04.559> uh 01:04:04.789 --> 01:04:04.799 align:start position:0% we're looking at a uh a program that uh 01:04:04.799 --> 01:04:06.710 align:start position:0% we're looking at a uh a program that uh basically<01:04:05.359> tracks<01:04:05.760> our<01:04:05.920> outstanding<01:04:06.400> debt<01:04:06.640> in 01:04:06.710 --> 01:04:06.720 align:start position:0% basically tracks our outstanding debt in 01:04:06.720 --> 01:04:07.829 align:start position:0% basically tracks our outstanding debt in the<01:04:06.880> payments 01:04:07.829 --> 01:04:07.839 align:start position:0% the payments 01:04:07.839 --> 01:04:10.230 align:start position:0% the payments uh<01:04:08.160> also<01:04:08.559> does<01:04:08.799> it<01:04:08.960> for<01:04:09.200> leases 01:04:10.230 --> 01:04:10.240 align:start position:0% uh also does it for leases 01:04:10.240 --> 01:04:13.270 align:start position:0% uh also does it for leases it<01:04:10.480> also<01:04:10.799> helps<01:04:11.119> us<01:04:11.359> in<01:04:11.599> uh<01:04:11.920> putting<01:04:12.240> together 01:04:13.270 --> 01:04:13.280 align:start position:0% it also helps us in uh putting together 01:04:13.280 --> 01:04:15.029 align:start position:0% it also helps us in uh putting together reports<01:04:13.760> for<01:04:13.920> the<01:04:14.079> auditors<01:04:14.720> i<01:04:14.799> mean 01:04:15.029 --> 01:04:15.039 align:start position:0% reports for the auditors i mean 01:04:15.039 --> 01:04:17.829 align:start position:0% reports for the auditors i mean currently<01:04:15.920> the<01:04:16.079> way<01:04:16.319> we're 01:04:17.829 --> 01:04:17.839 align:start position:0% currently the way we're 01:04:17.839 --> 01:04:19.910 align:start position:0% currently the way we're managing<01:04:18.400> it<01:04:18.640> is<01:04:19.119> uh 01:04:19.910 --> 01:04:19.920 align:start position:0% managing it is uh 01:04:19.920 --> 01:04:21.270 align:start position:0% managing it is uh i<01:04:20.079> have<01:04:20.240> a<01:04:20.319> directory<01:04:20.720> with<01:04:20.799> a<01:04:20.880> series<01:04:21.200> of 01:04:21.270 --> 01:04:21.280 align:start position:0% i have a directory with a series of 01:04:21.280 --> 01:04:23.349 align:start position:0% i have a directory with a series of spreadsheets<01:04:21.760> in<01:04:21.920> it<01:04:22.480> uh 01:04:23.349 --> 01:04:23.359 align:start position:0% spreadsheets in it uh 01:04:23.359 --> 01:04:25.990 align:start position:0% spreadsheets in it uh which<01:04:23.599> works<01:04:23.920> but<01:04:24.640> uh<01:04:25.440> you<01:04:25.520> know<01:04:25.680> it's<01:04:25.760> really 01:04:25.990 --> 01:04:26.000 align:start position:0% which works but uh you know it's really 01:04:26.000 --> 01:04:27.109 align:start position:0% which works but uh you know it's really i'm<01:04:26.079> sort<01:04:26.240> of<01:04:26.319> like<01:04:26.480> the<01:04:26.559> single<01:04:26.799> point<01:04:27.039> of 01:04:27.109 --> 01:04:27.119 align:start position:0% i'm sort of like the single point of 01:04:27.119 --> 01:04:28.150 align:start position:0% i'm sort of like the single point of failure 01:04:28.150 --> 01:04:28.160 align:start position:0% failure 01:04:28.160 --> 01:04:29.829 align:start position:0% failure you<01:04:28.319> know<01:04:28.559> so<01:04:28.960> um 01:04:29.829 --> 01:04:29.839 align:start position:0% you know so um 01:04:29.839 --> 01:04:30.789 align:start position:0% you know so um and 01:04:30.789 --> 01:04:30.799 align:start position:0% and 01:04:30.799 --> 01:04:33.190 align:start position:0% and you<01:04:31.039> start<01:04:31.359> looking<01:04:31.680> long-term<01:04:32.480> and<01:04:33.039> you<01:04:33.119> know 01:04:33.190 --> 01:04:33.200 align:start position:0% you start looking long-term and you know 01:04:33.200 --> 01:04:34.309 align:start position:0% you start looking long-term and you know you<01:04:33.359> try<01:04:33.599> to 01:04:34.309 --> 01:04:34.319 align:start position:0% you try to 01:04:34.319 --> 01:04:35.990 align:start position:0% you try to build<01:04:34.640> in<01:04:34.880> systems<01:04:35.359> where<01:04:35.680> you're<01:04:35.839> not 01:04:35.990 --> 01:04:36.000 align:start position:0% build in systems where you're not 01:04:36.000 --> 01:04:38.069 align:start position:0% build in systems where you're not necessarily<01:04:36.400> relying<01:04:36.799> on<01:04:36.960> one<01:04:37.200> person 01:04:38.069 --> 01:04:38.079 align:start position:0% necessarily relying on one person 01:04:38.079 --> 01:04:41.029 align:start position:0% necessarily relying on one person and<01:04:38.319> some<01:04:38.480> of<01:04:38.559> the<01:04:38.720> calculations<01:04:39.760> the<01:04:40.160> uh 01:04:41.029 --> 01:04:41.039 align:start position:0% and some of the calculations the uh 01:04:41.039 --> 01:04:42.549 align:start position:0% and some of the calculations the uh we<01:04:41.200> were<01:04:41.359> looking<01:04:41.599> at<01:04:41.680> this<01:04:41.920> program<01:04:42.319> and<01:04:42.400> we 01:04:42.549 --> 01:04:42.559 align:start position:0% we were looking at this program and we 01:04:42.559 --> 01:04:43.750 align:start position:0% we were looking at this program and we thought<01:04:42.799> it<01:04:42.960> was 01:04:43.750 --> 01:04:43.760 align:start position:0% thought it was 01:04:43.760 --> 01:04:46.630 align:start position:0% thought it was would<01:04:43.920> be<01:04:44.240> uh<01:04:44.720> good<01:04:44.960> for<01:04:45.119> that<01:04:45.440> purpose<01:04:46.240> uh<01:04:46.480> in 01:04:46.630 --> 01:04:46.640 align:start position:0% would be uh good for that purpose uh in 01:04:46.640 --> 01:04:48.470 align:start position:0% would be uh good for that purpose uh in addition 01:04:48.470 --> 01:04:48.480 align:start position:0% addition 01:04:48.480 --> 01:04:50.150 align:start position:0% addition only<01:04:48.720> one<01:04:48.880> person<01:04:49.119> can<01:04:49.280> use<01:04:49.520> the<01:04:49.599> file<01:04:49.920> at<01:04:50.079> a 01:04:50.150 --> 01:04:50.160 align:start position:0% only one person can use the file at a 01:04:50.160 --> 01:04:51.670 align:start position:0% only one person can use the file at a time<01:04:50.400> the<01:04:50.480> way<01:04:50.960> the<01:04:50.960> way<01:04:51.119> it's<01:04:51.280> currently 01:04:51.670 --> 01:04:51.680 align:start position:0% time the way the way it's currently 01:04:51.680 --> 01:04:52.710 align:start position:0% time the way the way it's currently designed 01:04:52.710 --> 01:04:52.720 align:start position:0% designed 01:04:52.720 --> 01:04:55.510 align:start position:0% designed and<01:04:52.960> so<01:04:54.079> so<01:04:54.319> for<01:04:54.480> example 01:04:55.510 --> 01:04:55.520 align:start position:0% and so so for example 01:04:55.520 --> 01:04:56.710 align:start position:0% and so so for example if<01:04:55.839> uh 01:04:56.710 --> 01:04:56.720 align:start position:0% if uh 01:04:56.720 --> 01:04:58.950 align:start position:0% if uh you<01:04:56.799> know<01:04:56.960> irene<01:04:57.599> uh<01:04:57.839> say<01:04:58.079> for<01:04:58.240> example<01:04:58.640> gets<01:04:58.880> a 01:04:58.950 --> 01:04:58.960 align:start position:0% you know irene uh say for example gets a 01:04:58.960 --> 01:05:01.589 align:start position:0% you know irene uh say for example gets a call<01:04:59.280> from<01:04:59.760> uh<01:05:00.480> state<01:05:00.720> of<01:05:00.799> connecticut<01:05:01.359> on<01:05:01.440> a 01:05:01.589 --> 01:05:01.599 align:start position:0% call from uh state of connecticut on a 01:05:01.599 --> 01:05:02.549 align:start position:0% call from uh state of connecticut on a payment 01:05:02.549 --> 01:05:02.559 align:start position:0% payment 01:05:02.559 --> 01:05:03.670 align:start position:0% payment you<01:05:02.640> know 01:05:03.670 --> 01:05:03.680 align:start position:0% you know 01:05:03.680 --> 01:05:05.670 align:start position:0% you know goes<01:05:03.920> into<01:05:04.160> a<01:05:04.240> notebook<01:05:05.119> you<01:05:05.280> know<01:05:05.440> that 01:05:05.670 --> 01:05:05.680 align:start position:0% goes into a notebook you know that 01:05:05.680 --> 01:05:08.230 align:start position:0% goes into a notebook you know that prints<01:05:06.000> it<01:05:06.160> out<01:05:06.480> and<01:05:06.640> does<01:05:06.880> that 01:05:08.230 --> 01:05:08.240 align:start position:0% prints it out and does that 01:05:08.240 --> 01:05:09.910 align:start position:0% prints it out and does that coincidentally<01:05:08.960> many<01:05:09.200> years<01:05:09.359> ago<01:05:09.599> we<01:05:09.680> did 01:05:09.910 --> 01:05:09.920 align:start position:0% coincidentally many years ago we did 01:05:09.920 --> 01:05:13.029 align:start position:0% coincidentally many years ago we did have<01:05:10.480> a<01:05:10.640> program<01:05:10.960> that<01:05:11.119> was<01:05:11.359> given<01:05:11.599> to<01:05:11.839> us 01:05:13.029 --> 01:05:13.039 align:start position:0% have a program that was given to us 01:05:13.039 --> 01:05:14.710 align:start position:0% have a program that was given to us for<01:05:13.280> free 01:05:14.710 --> 01:05:14.720 align:start position:0% for free 01:05:14.720 --> 01:05:17.270 align:start position:0% for free now<01:05:15.039> cla<01:05:15.920> presented<01:05:16.400> the<01:05:16.559> audit<01:05:16.880> if<01:05:17.039> you<01:05:17.119> go 01:05:17.270 --> 01:05:17.280 align:start position:0% now cla presented the audit if you go 01:05:17.280 --> 01:05:19.750 align:start position:0% now cla presented the audit if you go back<01:05:17.520> it<01:05:17.599> was<01:05:17.680> bloom<01:05:18.000> shapiro<01:05:18.480> prior<01:05:18.720> to<01:05:18.960> that 01:05:19.750 --> 01:05:19.760 align:start position:0% back it was bloom shapiro prior to that 01:05:19.760 --> 01:05:21.750 align:start position:0% back it was bloom shapiro prior to that it<01:05:19.839> was<01:05:20.000> scully<01:05:20.480> and<01:05:20.640> wolf 01:05:21.750 --> 01:05:21.760 align:start position:0% it was scully and wolf 01:05:21.760 --> 01:05:24.069 align:start position:0% it was scully and wolf the<01:05:21.920> firm<01:05:22.160> scully<01:05:22.480> and<01:05:22.559> wolf<01:05:22.880> had<01:05:23.119> given<01:05:23.520> us<01:05:23.839> a 01:05:24.069 --> 01:05:24.079 align:start position:0% the firm scully and wolf had given us a 01:05:24.079 --> 01:05:26.630 align:start position:0% the firm scully and wolf had given us a program<01:05:24.559> at<01:05:24.640> the<01:05:24.799> time<01:05:25.520> to<01:05:25.680> help<01:05:26.079> comply<01:05:26.480> with 01:05:26.630 --> 01:05:26.640 align:start position:0% program at the time to help comply with 01:05:26.640 --> 01:05:28.549 align:start position:0% program at the time to help comply with some<01:05:26.799> of<01:05:26.880> the<01:05:26.960> gatsby<01:05:27.520> changes 01:05:28.549 --> 01:05:28.559 align:start position:0% some of the gatsby changes 01:05:28.559 --> 01:05:30.309 align:start position:0% some of the gatsby changes but<01:05:28.960> you<01:05:29.039> know<01:05:29.200> obviously<01:05:29.839> with<01:05:30.000> all<01:05:30.160> the 01:05:30.309 --> 01:05:30.319 align:start position:0% but you know obviously with all the 01:05:30.319 --> 01:05:32.390 align:start position:0% but you know obviously with all the changes<01:05:31.200> they<01:05:31.359> never 01:05:32.390 --> 01:05:32.400 align:start position:0% changes they never 01:05:32.400 --> 01:05:35.109 align:start position:0% changes they never kept<01:05:32.640> it<01:05:32.799> up<01:05:32.880> to<01:05:33.039> date<01:05:33.760> and<01:05:34.160> it<01:05:34.240> was<01:05:34.559> free<01:05:34.960> so 01:05:35.109 --> 01:05:35.119 align:start position:0% kept it up to date and it was free so 01:05:35.119 --> 01:05:37.589 align:start position:0% kept it up to date and it was free so it's<01:05:35.200> not<01:05:35.359> like<01:05:35.520> we<01:05:35.599> had<01:05:35.839> any<01:05:36.559> recourse<01:05:37.119> to<01:05:37.359> ask 01:05:37.589 --> 01:05:37.599 align:start position:0% it's not like we had any recourse to ask 01:05:37.599 --> 01:05:38.470 align:start position:0% it's not like we had any recourse to ask for 01:05:38.470 --> 01:05:38.480 align:start position:0% for 01:05:38.480 --> 01:05:40.069 align:start position:0% for uh<01:05:38.880> them<01:05:39.039> to<01:05:39.200> do<01:05:39.359> some<01:05:39.520> programming 01:05:40.069 --> 01:05:40.079 align:start position:0% uh them to do some programming 01:05:40.079 --> 01:05:42.390 align:start position:0% uh them to do some programming improvements<01:05:41.039> so<01:05:41.280> so<01:05:41.520> this<01:05:41.760> this<01:05:42.000> is<01:05:42.079> kind<01:05:42.240> of 01:05:42.390 --> 01:05:42.400 align:start position:0% improvements so so this this is kind of 01:05:42.400 --> 01:05:44.870 align:start position:0% improvements so so this this is kind of a<01:05:43.039> uh<01:05:43.599> something<01:05:43.920> that<01:05:44.000> could<01:05:44.160> take<01:05:44.400> the<01:05:44.559> place 01:05:44.870 --> 01:05:44.880 align:start position:0% a uh something that could take the place 01:05:44.880 --> 01:05:45.990 align:start position:0% a uh something that could take the place of<01:05:45.039> that 01:05:45.990 --> 01:05:46.000 align:start position:0% of that 01:05:46.000 --> 01:05:48.470 align:start position:0% of that uh<01:05:46.480> and<01:05:46.640> also<01:05:47.440> you<01:05:47.599> know<01:05:47.680> we've<01:05:47.920> gotten<01:05:48.240> into 01:05:48.470 --> 01:05:48.480 align:start position:0% uh and also you know we've gotten into 01:05:48.480 --> 01:05:50.630 align:start position:0% uh and also you know we've gotten into more<01:05:48.799> leases<01:05:49.280> now 01:05:50.630 --> 01:05:50.640 align:start position:0% more leases now 01:05:50.640 --> 01:05:53.750 align:start position:0% more leases now you<01:05:50.720> know<01:05:50.960> primarily<01:05:51.440> on<01:05:51.599> the<01:05:51.680> school<01:05:52.000> side 01:05:53.750 --> 01:05:53.760 align:start position:0% you know primarily on the school side 01:05:53.760 --> 01:05:55.029 align:start position:0% you know primarily on the school side you<01:05:53.920> know<01:05:54.000> when<01:05:54.079> you<01:05:54.240> look<01:05:54.400> at<01:05:54.480> your<01:05:54.640> capital 01:05:55.029 --> 01:05:55.039 align:start position:0% you know when you look at your capital 01:05:55.039 --> 01:05:57.109 align:start position:0% you know when you look at your capital budget<01:05:55.359> you<01:05:55.440> look<01:05:55.680> at<01:05:55.760> the<01:05:55.920> staff<01:05:56.319> laptops<01:05:57.039> you 01:05:57.109 --> 01:05:57.119 align:start position:0% budget you look at the staff laptops you 01:05:57.119 --> 01:05:59.589 align:start position:0% budget you look at the staff laptops you look<01:05:57.359> at<01:05:57.440> the<01:05:57.839> children<01:05:58.240> and<01:05:58.400> chromebooks 01:05:59.589 --> 01:05:59.599 align:start position:0% look at the children and chromebooks 01:05:59.599 --> 01:06:00.710 align:start position:0% look at the children and chromebooks so 01:06:00.710 --> 01:06:00.720 align:start position:0% so 01:06:00.720 --> 01:06:02.870 align:start position:0% so you<01:06:00.880> know<01:06:00.960> those<01:06:01.280> leases<01:06:01.680> would<01:06:01.839> then 01:06:02.870 --> 01:06:02.880 align:start position:0% you know those leases would then 01:06:02.880 --> 01:06:05.910 align:start position:0% you know those leases would then be<01:06:03.280> put<01:06:03.520> in<01:06:03.599> that<01:06:03.839> as<01:06:04.000> well<01:06:04.640> so 01:06:05.910 --> 01:06:05.920 align:start position:0% be put in that as well so 01:06:05.920 --> 01:06:07.589 align:start position:0% be put in that as well so basically<01:06:06.319> it's<01:06:06.400> a<01:06:06.480> much<01:06:06.880> it's<01:06:07.119> much<01:06:07.359> better 01:06:07.589 --> 01:06:07.599 align:start position:0% basically it's a much it's much better 01:06:07.599 --> 01:06:09.349 align:start position:0% basically it's a much it's much better than<01:06:07.760> the<01:06:07.839> current<01:06:08.079> system<01:06:08.480> that<01:06:08.640> we're<01:06:08.799> using 01:06:09.349 --> 01:06:09.359 align:start position:0% than the current system that we're using 01:06:09.359 --> 01:06:13.349 align:start position:0% than the current system that we're using and<01:06:10.000> it's<01:06:10.319> also<01:06:11.119> backed<01:06:11.440> up<01:06:11.599> into<01:06:11.839> the<01:06:11.920> cloud 01:06:13.349 --> 01:06:13.359 align:start position:0% and it's also backed up into the cloud 01:06:13.359 --> 01:06:15.750 align:start position:0% and it's also backed up into the cloud in<01:06:13.520> future<01:06:13.920> budgets 01:06:15.750 --> 01:06:15.760 align:start position:0% in future budgets 01:06:15.760 --> 01:06:17.430 align:start position:0% in future budgets i'm<01:06:15.920> going<01:06:16.000> to<01:06:16.079> try<01:06:16.319> to<01:06:16.480> convince<01:06:16.880> debbie<01:06:17.200> to 01:06:17.430 --> 01:06:17.440 align:start position:0% i'm going to try to convince debbie to 01:06:17.440 --> 01:06:19.589 align:start position:0% i'm going to try to convince debbie to put<01:06:17.599> it<01:06:17.760> in<01:06:17.839> her<01:06:18.079> budget<01:06:18.559> uh<01:06:18.880> because 01:06:19.589 --> 01:06:19.599 align:start position:0% put it in her budget uh because 01:06:19.599 --> 01:06:20.870 align:start position:0% put it in her budget uh because ultimately<01:06:20.000> that's<01:06:20.160> where<01:06:20.319> they<01:06:20.480> are<01:06:20.640> but<01:06:20.799> i 01:06:20.870 --> 01:06:20.880 align:start position:0% ultimately that's where they are but i 01:06:20.880 --> 01:06:22.710 align:start position:0% ultimately that's where they are but i didn't<01:06:21.039> think<01:06:21.200> it<01:06:21.200> was<01:06:21.359> fair<01:06:21.599> to<01:06:22.160> ask<01:06:22.400> her<01:06:22.559> to 01:06:22.710 --> 01:06:22.720 align:start position:0% didn't think it was fair to ask her to 01:06:22.720 --> 01:06:24.710 align:start position:0% didn't think it was fair to ask her to ask<01:06:22.960> for<01:06:23.119> a<01:06:23.280> product<01:06:23.680> that 01:06:24.710 --> 01:06:24.720 align:start position:0% ask for a product that 01:06:24.720 --> 01:06:27.109 align:start position:0% ask for a product that primarily<01:06:25.839> is<01:06:26.079> flying<01:06:26.400> under<01:06:26.640> the<01:06:26.720> flag<01:06:27.039> of 01:06:27.109 --> 01:06:27.119 align:start position:0% primarily is flying under the flag of 01:06:27.119 --> 01:06:29.589 align:start position:0% primarily is flying under the flag of the<01:06:27.200> finance<01:06:27.599> department<01:06:28.559> so 01:06:29.589 --> 01:06:29.599 align:start position:0% the finance department so 01:06:29.599 --> 01:06:32.069 align:start position:0% the finance department so so<01:06:29.760> this<01:06:30.000> would<01:06:30.240> cover<01:06:30.559> the<01:06:31.039> also<01:06:31.520> track<01:06:31.839> board 01:06:32.069 --> 01:06:32.079 align:start position:0% so this would cover the also track board 01:06:32.079 --> 01:06:33.670 align:start position:0% so this would cover the also track board of<01:06:32.240> ed<01:06:32.400> leases 01:06:33.670 --> 01:06:33.680 align:start position:0% of ed leases 01:06:33.680 --> 01:06:35.910 align:start position:0% of ed leases yeah<01:06:33.920> we<01:06:34.079> would<01:06:34.799> because<01:06:35.039> we<01:06:35.359> those<01:06:35.520> will<01:06:35.680> go 01:06:35.910 --> 01:06:35.920 align:start position:0% yeah we would because we those will go 01:06:35.920 --> 01:06:37.910 align:start position:0% yeah we would because we those will go on<01:06:36.240> on<01:06:36.880> our<01:06:37.039> book<01:06:37.200> well<01:06:37.359> they're<01:06:37.520> on<01:06:37.599> our<01:06:37.760> books 01:06:37.910 --> 01:06:37.920 align:start position:0% on on our book well they're on our books 01:06:37.920 --> 01:06:39.430 align:start position:0% on on our book well they're on our books now<01:06:38.079> but<01:06:38.240> yes<01:06:38.480> they<01:06:38.640> would<01:06:38.799> be<01:06:38.880> put<01:06:39.119> into<01:06:39.359> the 01:06:39.430 --> 01:06:39.440 align:start position:0% now but yes they would be put into the 01:06:39.440 --> 01:06:41.589 align:start position:0% now but yes they would be put into the system<01:06:40.160> so<01:06:40.240> are<01:06:40.319> they<01:06:40.480> contributing<01:06:41.039> to<01:06:41.200> this 01:06:41.589 --> 01:06:41.599 align:start position:0% system so are they contributing to this 01:06:41.599 --> 01:06:44.230 align:start position:0% system so are they contributing to this have<01:06:41.760> you<01:06:41.920> asked<01:06:42.079> them<01:06:42.240> to<01:06:42.880> help<01:06:43.200> you 01:06:44.230 --> 01:06:44.240 align:start position:0% have you asked them to help you 01:06:44.240 --> 01:06:47.270 align:start position:0% have you asked them to help you with<01:06:44.480> that 01:06:47.270 --> 01:06:47.280 align:start position:0% with that 01:06:47.280 --> 01:06:52.549 align:start position:0% with that okay<01:06:47.839> um<01:06:48.640> questions 01:06:52.549 --> 01:06:52.559 align:start position:0% 01:06:52.559 --> 01:06:54.710 align:start position:0% been<01:06:52.720> moved<01:06:53.119> by<01:06:53.599> victor 01:06:54.710 --> 01:06:54.720 align:start position:0% been moved by victor 01:06:54.720 --> 01:06:56.470 align:start position:0% been moved by victor seconded<01:06:55.200> by 01:06:56.470 --> 01:06:56.480 align:start position:0% seconded by 01:06:56.480 --> 01:06:57.670 align:start position:0% seconded by harry 01:06:57.670 --> 01:06:57.680 align:start position:0% harry 01:06:57.680 --> 01:06:59.510 align:start position:0% harry discussion 01:06:59.510 --> 01:06:59.520 align:start position:0% discussion 01:06:59.520 --> 01:07:04.630 align:start position:0% discussion in<01:06:59.599> favor<01:07:00.319> hi<01:07:01.119> thanks<01:07:01.440> jim<01:07:01.760> good<01:07:02.000> luck 01:07:04.630 --> 01:07:04.640 align:start position:0% 01:07:04.640 --> 01:07:06.309 align:start position:0% next<01:07:05.039> is<01:07:05.359> a<01:07:05.520> discussion<01:07:06.000> with<01:07:06.079> the<01:07:06.160> first 01:07:06.309 --> 01:07:06.319 align:start position:0% next is a discussion with the first 01:07:06.319 --> 01:07:08.630 align:start position:0% next is a discussion with the first selectman<01:07:06.799> the<01:07:06.880> finance<01:07:07.359> director<01:07:08.160> regarding 01:07:08.630 --> 01:07:08.640 align:start position:0% selectman the finance director regarding 01:07:08.640 --> 01:07:11.829 align:start position:0% selectman the finance director regarding the<01:07:08.720> american<01:07:09.200> rescue<01:07:09.680> plan 01:07:11.829 --> 01:07:11.839 align:start position:0% the american rescue plan 01:07:11.839 --> 01:07:13.510 align:start position:0% the american rescue plan and<01:07:12.559> uh 01:07:13.510 --> 01:07:13.520 align:start position:0% and uh 01:07:13.520 --> 01:07:15.510 align:start position:0% and uh jim<01:07:13.760> has<01:07:13.920> sent<01:07:14.160> us<01:07:14.400> a 01:07:15.510 --> 01:07:15.520 align:start position:0% jim has sent us a 01:07:15.520 --> 01:07:17.750 align:start position:0% jim has sent us a note<01:07:15.839> stating<01:07:16.319> that<01:07:16.640> uh<01:07:17.280> brantford's 01:07:17.750 --> 01:07:17.760 align:start position:0% note stating that uh brantford's 01:07:17.760 --> 01:07:20.069 align:start position:0% note stating that uh brantford's allocation<01:07:18.480> is 01:07:20.069 --> 01:07:20.079 align:start position:0% allocation is 01:07:20.079 --> 01:07:22.470 align:start position:0% allocation is for<01:07:20.240> the<01:07:20.480> town<01:07:20.880> side<01:07:21.280> is<01:07:21.440> some 01:07:22.470 --> 01:07:22.480 align:start position:0% for the town side is some 01:07:22.480 --> 01:07:25.510 align:start position:0% for the town side is some north<01:07:22.880> of<01:07:23.039> 8<01:07:23.280> million 01:07:25.510 --> 01:07:25.520 align:start position:0% north of 8 million 01:07:25.520 --> 01:07:27.750 align:start position:0% north of 8 million and<01:07:25.839> we've<01:07:26.079> received<01:07:26.960> over<01:07:27.200> four<01:07:27.440> million 01:07:27.750 --> 01:07:27.760 align:start position:0% and we've received over four million 01:07:27.760 --> 01:07:29.670 align:start position:0% and we've received over four million dollars<01:07:28.240> to<01:07:28.400> date<01:07:28.799> so 01:07:29.670 --> 01:07:29.680 align:start position:0% dollars to date so 01:07:29.680 --> 01:07:32.150 align:start position:0% dollars to date so uh<01:07:29.920> mr<01:07:30.240> finch<01:07:30.559> and<01:07:31.119> mr<01:07:31.520> cosgrove<01:07:31.920> would<01:07:32.079> you 01:07:32.150 --> 01:07:32.160 align:start position:0% uh mr finch and mr cosgrove would you 01:07:32.160 --> 01:07:33.430 align:start position:0% uh mr finch and mr cosgrove would you like<01:07:32.319> to<01:07:32.480> explain<01:07:32.799> what's<01:07:33.039> going<01:07:33.200> on<01:07:33.280> yeah 01:07:33.430 --> 01:07:33.440 align:start position:0% like to explain what's going on yeah 01:07:33.440 --> 01:07:35.910 align:start position:0% like to explain what's going on yeah i'll<01:07:34.000> start<01:07:34.480> and 01:07:35.910 --> 01:07:35.920 align:start position:0% i'll start and 01:07:35.920 --> 01:07:38.230 align:start position:0% i'll start and i<01:07:36.000> got<01:07:36.160> the<01:07:36.319> easy<01:07:36.640> jobs<01:07:36.960> and<01:07:37.200> uh<01:07:37.839> jamie<01:07:38.160> will 01:07:38.230 --> 01:07:38.240 align:start position:0% i got the easy jobs and uh jamie will 01:07:38.240 --> 01:07:39.589 align:start position:0% i got the easy jobs and uh jamie will fill<01:07:38.400> in<01:07:38.559> whatever 01:07:39.589 --> 01:07:39.599 align:start position:0% fill in whatever 01:07:39.599 --> 01:07:43.190 align:start position:0% fill in whatever whatever<01:07:40.000> i<01:07:40.240> miss<01:07:40.839> but<01:07:42.160> so<01:07:42.400> so<01:07:42.559> when<01:07:42.720> this<01:07:43.039> when 01:07:43.190 --> 01:07:43.200 align:start position:0% whatever i miss but so so when this when 01:07:43.200 --> 01:07:45.510 align:start position:0% whatever i miss but so so when this when this<01:07:43.520> uh 01:07:45.510 --> 01:07:45.520 align:start position:0% this uh 01:07:45.520 --> 01:07:48.069 align:start position:0% this uh stimulus<01:07:46.160> package<01:07:46.640> the<01:07:46.880> the<01:07:47.039> 1.9<01:07:47.760> trillion 01:07:48.069 --> 01:07:48.079 align:start position:0% stimulus package the the 1.9 trillion 01:07:48.079 --> 01:07:48.870 align:start position:0% stimulus package the the 1.9 trillion that 01:07:48.870 --> 01:07:48.880 align:start position:0% that 01:07:48.880 --> 01:07:51.190 align:start position:0% that uh<01:07:49.599> you've<01:07:49.920> read<01:07:50.079> about 01:07:51.190 --> 01:07:51.200 align:start position:0% uh you've read about 01:07:51.200 --> 01:07:52.870 align:start position:0% uh you've read about on<01:07:51.440> the<01:07:51.520> news 01:07:52.870 --> 01:07:52.880 align:start position:0% on the news 01:07:52.880 --> 01:07:54.230 align:start position:0% on the news came<01:07:53.119> about 01:07:54.230 --> 01:07:54.240 align:start position:0% came about 01:07:54.240 --> 01:07:56.549 align:start position:0% came about uh<01:07:54.720> one<01:07:54.880> of<01:07:54.880> the<01:07:54.960> things<01:07:55.119> we've<01:07:55.280> been<01:07:55.440> doing<01:07:55.760> is 01:07:56.549 --> 01:07:56.559 align:start position:0% uh one of the things we've been doing is 01:07:56.559 --> 01:07:58.470 align:start position:0% uh one of the things we've been doing is you<01:07:56.640> know<01:07:56.799> you've<01:07:56.960> gotten<01:07:57.520> a<01:07:57.920> handful<01:07:58.319> of 01:07:58.470 --> 01:07:58.480 align:start position:0% you know you've gotten a handful of 01:07:58.480 --> 01:08:00.710 align:start position:0% you know you've gotten a handful of emails<01:07:59.200> from<01:07:59.440> me<01:07:59.680> over<01:07:59.920> the<01:08:00.079> year<01:08:00.400> over<01:08:00.559> the 01:08:00.710 --> 01:08:00.720 align:start position:0% emails from me over the year over the 01:08:00.720 --> 01:08:02.309 align:start position:0% emails from me over the year over the months<01:08:01.119> rather 01:08:02.309 --> 01:08:02.319 align:start position:0% months rather 01:08:02.319 --> 01:08:03.910 align:start position:0% months rather related<01:08:02.799> to<01:08:02.960> this 01:08:03.910 --> 01:08:03.920 align:start position:0% related to this 01:08:03.920 --> 01:08:06.710 align:start position:0% related to this uh<01:08:04.480> whether<01:08:04.720> it's<01:08:04.960> communication<01:08:05.760> from<01:08:06.000> our 01:08:06.710 --> 01:08:06.720 align:start position:0% uh whether it's communication from our 01:08:06.720 --> 01:08:08.710 align:start position:0% uh whether it's communication from our congresswoman<01:08:07.280> to<01:08:07.440> laurel's<01:08:07.839> office 01:08:08.710 --> 01:08:08.720 align:start position:0% congresswoman to laurel's office 01:08:08.720 --> 01:08:11.109 align:start position:0% congresswoman to laurel's office whether<01:08:09.119> it's<01:08:09.520> initial<01:08:10.000> estimates 01:08:11.109 --> 01:08:11.119 align:start position:0% whether it's initial estimates 01:08:11.119 --> 01:08:13.510 align:start position:0% whether it's initial estimates uh<01:08:11.599> and<01:08:11.760> then<01:08:12.000> there<01:08:12.319> were<01:08:12.640> the<01:08:13.119> county 01:08:13.510 --> 01:08:13.520 align:start position:0% uh and then there were the county 01:08:13.520 --> 01:08:15.589 align:start position:0% uh and then there were the county dollars<01:08:14.079> that<01:08:14.480> that<01:08:14.799> uh 01:08:15.589 --> 01:08:15.599 align:start position:0% dollars that that uh 01:08:15.599 --> 01:08:17.749 align:start position:0% dollars that that uh had<01:08:15.839> yet<01:08:16.080> to<01:08:16.159> be<01:08:16.640> determined 01:08:17.749 --> 01:08:17.759 align:start position:0% had yet to be determined 01:08:17.759 --> 01:08:18.789 align:start position:0% had yet to be determined uh 01:08:18.789 --> 01:08:18.799 align:start position:0% uh 01:08:18.799 --> 01:08:22.149 align:start position:0% uh and<01:08:19.040> i<01:08:19.199> also<01:08:19.520> sent<01:08:19.839> the<01:08:20.000> uh<01:08:20.640> initially<01:08:21.120> the<01:08:21.199> 150 01:08:22.149 --> 01:08:22.159 align:start position:0% and i also sent the uh initially the 150 01:08:22.159 --> 01:08:25.110 align:start position:0% and i also sent the uh initially the 150 something<01:08:22.560> pages<01:08:23.120> of<01:08:24.239> regulations<01:08:24.880> from<01:08:24.960> the 01:08:25.110 --> 01:08:25.120 align:start position:0% something pages of regulations from the 01:08:25.120 --> 01:08:27.669 align:start position:0% something pages of regulations from the treasury<01:08:25.600> and<01:08:26.159> now<01:08:26.319> then<01:08:26.560> there's<01:08:26.799> been 01:08:27.669 --> 01:08:27.679 align:start position:0% treasury and now then there's been 01:08:27.679 --> 01:08:30.390 align:start position:0% treasury and now then there's been some<01:08:27.920> guidance<01:08:28.880> after<01:08:29.199> the<01:08:29.359> fact 01:08:30.390 --> 01:08:30.400 align:start position:0% some guidance after the fact 01:08:30.400 --> 01:08:34.149 align:start position:0% some guidance after the fact uh<01:08:31.199> essentially<01:08:31.679> it's<01:08:32.000> it's<01:08:32.719> very<01:08:33.120> detailed 01:08:34.149 --> 01:08:34.159 align:start position:0% uh essentially it's it's very detailed 01:08:34.159 --> 01:08:38.390 align:start position:0% uh essentially it's it's very detailed uh<01:08:34.719> there's<01:08:34.960> some<01:08:35.359> some<01:08:35.600> gray<01:08:35.920> areas<01:08:36.480> to<01:08:36.719> it 01:08:38.390 --> 01:08:38.400 align:start position:0% uh there's some some gray areas to it 01:08:38.400 --> 01:08:39.910 align:start position:0% uh there's some some gray areas to it although 01:08:39.910 --> 01:08:39.920 align:start position:0% although 01:08:39.920 --> 01:08:41.910 align:start position:0% although they<01:08:40.159> seem<01:08:40.400> to<01:08:40.640> coalesce 01:08:41.910 --> 01:08:41.920 align:start position:0% they seem to coalesce 01:08:41.920 --> 01:08:43.910 align:start position:0% they seem to coalesce around<01:08:42.319> a<01:08:42.480> number<01:08:42.719> of<01:08:42.960> themes 01:08:43.910 --> 01:08:43.920 align:start position:0% around a number of themes 01:08:43.920 --> 01:08:45.910 align:start position:0% around a number of themes uh<01:08:44.239> in<01:08:44.400> our<01:08:44.560> case<01:08:44.799> we<01:08:44.880> got<01:08:45.199> eight<01:08:45.440> eight<01:08:45.679> eight 01:08:45.910 --> 01:08:45.920 align:start position:0% uh in our case we got eight eight eight 01:08:45.920 --> 01:08:48.309 align:start position:0% uh in our case we got eight eight eight nine<01:08:46.159> two<01:08:46.319> fifty<01:08:46.640> seven<01:08:47.440> uh<01:08:47.759> you<01:08:47.920> get<01:08:48.080> it<01:08:48.159> in 01:08:48.309 --> 01:08:48.319 align:start position:0% nine two fifty seven uh you get it in 01:08:48.319 --> 01:08:49.510 align:start position:0% nine two fifty seven uh you get it in two<01:08:48.640> halves 01:08:49.510 --> 01:08:49.520 align:start position:0% two halves 01:08:49.520 --> 01:08:52.070 align:start position:0% two halves uh<01:08:49.839> we<01:08:50.000> got<01:08:50.319> four<01:08:50.480> million<01:08:50.719> one<01:08:50.719> 128 01:08:52.070 --> 01:08:52.080 align:start position:0% uh we got four million one 128 01:08:52.080 --> 01:08:53.990 align:start position:0% uh we got four million one 128 and<01:08:52.400> uh<01:08:52.799> in<01:08:52.960> june<01:08:53.279> so<01:08:53.440> you'll<01:08:53.600> see<01:08:53.759> that 01:08:53.990 --> 01:08:54.000 align:start position:0% and uh in june so you'll see that 01:08:54.000 --> 01:08:56.789 align:start position:0% and uh in june so you'll see that showing<01:08:54.400> up<01:08:54.799> in<01:08:55.279> in<01:08:55.440> a<01:08:55.600> future<01:08:55.920> audit 01:08:56.789 --> 01:08:56.799 align:start position:0% showing up in in a future audit 01:08:56.799 --> 01:08:59.030 align:start position:0% showing up in in a future audit we're<01:08:56.960> what's<01:08:57.199> called<01:08:57.440> a<01:08:57.600> non-entitlement 01:08:59.030 --> 01:08:59.040 align:start position:0% we're what's called a non-entitlement 01:08:59.040 --> 01:09:00.149 align:start position:0% we're what's called a non-entitlement unit 01:09:00.149 --> 01:09:00.159 align:start position:0% unit 01:09:00.159 --> 01:09:02.870 align:start position:0% unit where<01:09:00.480> the<01:09:00.560> municipality<01:09:01.120> under<01:09:01.279> 50<01:09:01.600> 000 01:09:02.870 --> 01:09:02.880 align:start position:0% where the municipality under 50 000 01:09:02.880 --> 01:09:05.590 align:start position:0% where the municipality under 50 000 so<01:09:03.199> our<01:09:03.520> allocation 01:09:05.590 --> 01:09:05.600 align:start position:0% so our allocation 01:09:05.600 --> 01:09:07.510 align:start position:0% so our allocation we<01:09:05.839> pull<01:09:06.159> that<01:09:06.480> down<01:09:06.799> through<01:09:07.120> the<01:09:07.279> state<01:09:07.440> of 01:09:07.510 --> 01:09:07.520 align:start position:0% we pull that down through the state of 01:09:07.520 --> 01:09:09.110 align:start position:0% we pull that down through the state of connecticut's<01:09:08.159> office<01:09:08.480> of<01:09:08.560> policy<01:09:09.040> and 01:09:09.110 --> 01:09:09.120 align:start position:0% connecticut's office of policy and 01:09:09.120 --> 01:09:10.870 align:start position:0% connecticut's office of policy and management 01:09:10.870 --> 01:09:10.880 align:start position:0% management 01:09:10.880 --> 01:09:12.870 align:start position:0% management the<01:09:11.199> areas<01:09:11.759> that 01:09:12.870 --> 01:09:12.880 align:start position:0% the areas that 01:09:12.880 --> 01:09:16.950 align:start position:0% the areas that are<01:09:13.040> primarily<01:09:14.080> of<01:09:14.319> focus<01:09:14.960> our<01:09:15.199> public<01:09:15.520> health 01:09:16.950 --> 01:09:16.960 align:start position:0% are primarily of focus our public health 01:09:16.960 --> 01:09:19.189 align:start position:0% are primarily of focus our public health negative<01:09:17.440> economic<01:09:18.000> impacts 01:09:19.189 --> 01:09:19.199 align:start position:0% negative economic impacts 01:09:19.199 --> 01:09:21.189 align:start position:0% negative economic impacts investments<01:09:19.759> in<01:09:19.839> water<01:09:20.159> and<01:09:20.319> sewer 01:09:21.189 --> 01:09:21.199 align:start position:0% investments in water and sewer 01:09:21.199 --> 01:09:23.189 align:start position:0% investments in water and sewer investments<01:09:21.759> in<01:09:21.839> broadband 01:09:23.189 --> 01:09:23.199 align:start position:0% investments in broadband 01:09:23.199 --> 01:09:25.590 align:start position:0% investments in broadband and<01:09:23.520> and<01:09:23.759> revenue<01:09:24.239> loss 01:09:25.590 --> 01:09:25.600 align:start position:0% and and revenue loss 01:09:25.600 --> 01:09:27.430 align:start position:0% and and revenue loss and<01:09:26.000> uh 01:09:27.430 --> 01:09:27.440 align:start position:0% and uh 01:09:27.440 --> 01:09:29.189 align:start position:0% and uh you<01:09:27.600> know<01:09:27.679> my<01:09:28.319> myself<01:09:28.799> and<01:09:28.880> the<01:09:29.040> first 01:09:29.189 --> 01:09:29.199 align:start position:0% you know my myself and the first 01:09:29.199 --> 01:09:32.070 align:start position:0% you know my myself and the first selectman<01:09:29.839> and<01:09:30.480> we've<01:09:30.640> had<01:09:30.799> some<01:09:30.960> brief 01:09:32.070 --> 01:09:32.080 align:start position:0% selectman and we've had some brief 01:09:32.080 --> 01:09:34.870 align:start position:0% selectman and we've had some brief conversations<01:09:32.880> with<01:09:33.199> uh<01:09:33.679> with<01:09:33.839> the<01:09:34.000> chairman 01:09:34.870 --> 01:09:34.880 align:start position:0% conversations with uh with the chairman 01:09:34.880 --> 01:09:36.229 align:start position:0% conversations with uh with the chairman is<01:09:35.120> that<01:09:35.359> uh 01:09:36.229 --> 01:09:36.239 align:start position:0% is that uh 01:09:36.239 --> 01:09:38.149 align:start position:0% is that uh you<01:09:36.400> know<01:09:36.480> the<01:09:36.640> revenue<01:09:37.120> loss 01:09:38.149 --> 01:09:38.159 align:start position:0% you know the revenue loss 01:09:38.159 --> 01:09:40.470 align:start position:0% you know the revenue loss uh<01:09:38.480> while<01:09:38.880> it<01:09:39.199> may<01:09:39.359> be<01:09:39.520> attractive<01:09:40.000> for<01:09:40.159> some 01:09:40.470 --> 01:09:40.480 align:start position:0% uh while it may be attractive for some 01:09:40.480 --> 01:09:41.669 align:start position:0% uh while it may be attractive for some communities 01:09:41.669 --> 01:09:41.679 align:start position:0% communities 01:09:41.679 --> 01:09:43.590 align:start position:0% communities is<01:09:41.920> is<01:09:42.080> not<01:09:42.319> something<01:09:42.719> that 01:09:43.590 --> 01:09:43.600 align:start position:0% is is not something that 01:09:43.600 --> 01:09:44.950 align:start position:0% is is not something that we<01:09:43.839> were<01:09:44.000> looking 01:09:44.950 --> 01:09:44.960 align:start position:0% we were looking 01:09:44.960 --> 01:09:46.229 align:start position:0% we were looking to<01:09:45.199> pursue 01:09:46.229 --> 01:09:46.239 align:start position:0% to pursue 01:09:46.239 --> 01:09:48.149 align:start position:0% to pursue uh<01:09:46.480> when<01:09:46.719> our<01:09:46.880> fund<01:09:47.120> balance<01:09:47.759> has<01:09:47.920> been 01:09:48.149 --> 01:09:48.159 align:start position:0% uh when our fund balance has been 01:09:48.159 --> 01:09:49.829 align:start position:0% uh when our fund balance has been growing<01:09:49.040> now 01:09:49.829 --> 01:09:49.839 align:start position:0% growing now 01:09:49.839 --> 01:09:51.910 align:start position:0% growing now if<01:09:50.159> if<01:09:50.319> you<01:09:50.880> were<01:09:51.040> a<01:09:51.120> community<01:09:51.520> with<01:09:51.600> a<01:09:51.679> much 01:09:51.910 --> 01:09:51.920 align:start position:0% if if you were a community with a much 01:09:51.920 --> 01:09:53.829 align:start position:0% if if you were a community with a much different<01:09:52.239> makeup<01:09:52.560> the<01:09:52.719> revenue 01:09:53.829 --> 01:09:53.839 align:start position:0% different makeup the revenue 01:09:53.839 --> 01:09:54.709 align:start position:0% different makeup the revenue loss 01:09:54.709 --> 01:09:54.719 align:start position:0% loss 01:09:54.719 --> 01:09:57.350 align:start position:0% loss may<01:09:54.960> make<01:09:55.280> a<01:09:55.600> lot<01:09:55.840> more<01:09:56.239> sense<01:09:56.640> so 01:09:57.350 --> 01:09:57.360 align:start position:0% may make a lot more sense so 01:09:57.360 --> 01:09:58.790 align:start position:0% may make a lot more sense so for<01:09:57.600> example<01:09:58.000> if<01:09:58.080> we<01:09:58.239> had<01:09:58.320> significant 01:09:58.790 --> 01:09:58.800 align:start position:0% for example if we had significant 01:09:58.800 --> 01:10:00.870 align:start position:0% for example if we had significant revenue<01:09:59.199> due<01:09:59.440> to<01:10:00.000> you<01:10:00.080> know<01:10:00.239> parking<01:10:00.560> meters 01:10:00.870 --> 01:10:00.880 align:start position:0% revenue due to you know parking meters 01:10:00.880 --> 01:10:03.510 align:start position:0% revenue due to you know parking meters parking<01:10:01.199> garages<01:10:01.760> transit<01:10:02.159> facilities 01:10:03.510 --> 01:10:03.520 align:start position:0% parking garages transit facilities 01:10:03.520 --> 01:10:05.590 align:start position:0% parking garages transit facilities hotel<01:10:04.000> taxes<01:10:04.560> yeah<01:10:04.640> i<01:10:04.719> mean<01:10:04.960> this<01:10:05.199> is<01:10:05.280> written 01:10:05.590 --> 01:10:05.600 align:start position:0% hotel taxes yeah i mean this is written 01:10:05.600 --> 01:10:08.070 align:start position:0% hotel taxes yeah i mean this is written for<01:10:06.239> communities<01:10:06.719> all<01:10:06.880> over<01:10:07.040> the<01:10:07.120> country 01:10:08.070 --> 01:10:08.080 align:start position:0% for communities all over the country 01:10:08.080 --> 01:10:11.270 align:start position:0% for communities all over the country then<01:10:08.320> that<01:10:08.560> revenue<01:10:09.040> loss<01:10:09.520> uh<01:10:10.000> may<01:10:10.159> make<01:10:10.400> some 01:10:11.270 --> 01:10:11.280 align:start position:0% then that revenue loss uh may make some 01:10:11.280 --> 01:10:12.709 align:start position:0% then that revenue loss uh may make some some<01:10:11.600> sense 01:10:12.709 --> 01:10:12.719 align:start position:0% some sense 01:10:12.719 --> 01:10:13.830 align:start position:0% some sense and<01:10:12.960> so 01:10:13.830 --> 01:10:13.840 align:start position:0% and so 01:10:13.840 --> 01:10:14.630 align:start position:0% and so um 01:10:14.630 --> 01:10:14.640 align:start position:0% um 01:10:14.640 --> 01:10:17.189 align:start position:0% um and<01:10:14.800> then<01:10:15.360> there's<01:10:15.679> a<01:10:15.840> time<01:10:16.239> frame<01:10:16.800> in<01:10:16.880> terms 01:10:17.189 --> 01:10:17.199 align:start position:0% and then there's a time frame in terms 01:10:17.199 --> 01:10:19.270 align:start position:0% and then there's a time frame in terms of<01:10:17.360> when<01:10:17.600> you<01:10:17.760> can<01:10:17.920> use<01:10:18.159> the<01:10:18.320> dollars 01:10:19.270 --> 01:10:19.280 align:start position:0% of when you can use the dollars 01:10:19.280 --> 01:10:22.229 align:start position:0% of when you can use the dollars uh<01:10:19.600> eligible<01:10:20.080> costs<01:10:20.400> have<01:10:20.560> to<01:10:20.719> be<01:10:21.120> uh<01:10:21.760> incurred 01:10:22.229 --> 01:10:22.239 align:start position:0% uh eligible costs have to be uh incurred 01:10:22.239 --> 01:10:24.470 align:start position:0% uh eligible costs have to be uh incurred after<01:10:22.480> march<01:10:22.880> 3rd 01:10:24.470 --> 01:10:24.480 align:start position:0% after march 3rd 01:10:24.480 --> 01:10:25.990 align:start position:0% after march 3rd of<01:10:24.640> 2021 01:10:25.990 --> 01:10:26.000 align:start position:0% of 2021 01:10:26.000 --> 01:10:28.310 align:start position:0% of 2021 uh<01:10:26.400> and<01:10:26.480> then<01:10:26.640> you<01:10:26.719> have<01:10:26.880> till<01:10:27.120> december<01:10:27.520> 2024 01:10:28.310 --> 01:10:28.320 align:start position:0% uh and then you have till december 2024 01:10:28.320 --> 01:10:30.390 align:start position:0% uh and then you have till december 2024 as<01:10:28.480> long<01:10:28.719> as<01:10:28.800> they're<01:10:29.360> obligated<01:10:30.080> you<01:10:30.159> know 01:10:30.390 --> 01:10:30.400 align:start position:0% as long as they're obligated you know 01:10:30.400 --> 01:10:31.669 align:start position:0% as long as they're obligated you know encumbered<01:10:30.880> by 01:10:31.669 --> 01:10:31.679 align:start position:0% encumbered by 01:10:31.679 --> 01:10:35.830 align:start position:0% encumbered by december<01:10:32.159> 2024<01:10:32.880> and<01:10:32.960> expanded<01:10:33.360> by<01:10:33.600> 2026. 01:10:35.830 --> 01:10:35.840 align:start position:0% december 2024 and expanded by 2026. 01:10:35.840 --> 01:10:37.189 align:start position:0% december 2024 and expanded by 2026. uh 01:10:37.189 --> 01:10:37.199 align:start position:0% uh 01:10:37.199 --> 01:10:38.709 align:start position:0% uh so<01:10:37.840> and<01:10:37.920> some<01:10:38.080> of<01:10:38.159> the<01:10:38.239> other<01:10:38.400> things<01:10:38.640> that 01:10:38.709 --> 01:10:38.719 align:start position:0% so and some of the other things that 01:10:38.719 --> 01:10:41.030 align:start position:0% so and some of the other things that we're<01:10:39.199> you<01:10:39.360> know<01:10:39.520> looking<01:10:39.840> at<01:10:40.239> is 01:10:41.030 --> 01:10:41.040 align:start position:0% we're you know looking at is 01:10:41.040 --> 01:10:42.709 align:start position:0% we're you know looking at is how<01:10:41.199> does<01:10:41.360> this<01:10:41.520> relate<01:10:41.920> to 01:10:42.709 --> 01:10:42.719 align:start position:0% how does this relate to 01:10:42.719 --> 01:10:44.310 align:start position:0% how does this relate to some<01:10:42.880> of<01:10:43.040> the<01:10:43.120> things<01:10:43.440> we've<01:10:43.760> already<01:10:44.080> either 01:10:44.310 --> 01:10:44.320 align:start position:0% some of the things we've already either 01:10:44.320 --> 01:10:47.110 align:start position:0% some of the things we've already either appropriated<01:10:44.960> or<01:10:45.280> committed<01:10:45.760> to 01:10:47.110 --> 01:10:47.120 align:start position:0% appropriated or committed to 01:10:47.120 --> 01:10:49.750 align:start position:0% appropriated or committed to is<01:10:47.280> there<01:10:47.440> an<01:10:47.600> opportunity<01:10:48.159> to<01:10:48.880> either<01:10:49.280> reduce 01:10:49.750 --> 01:10:49.760 align:start position:0% is there an opportunity to either reduce 01:10:49.760 --> 01:10:52.310 align:start position:0% is there an opportunity to either reduce future<01:10:50.080> debt<01:10:50.400> or<01:10:50.560> reprogram<01:10:51.199> existing<01:10:51.679> debt 01:10:52.310 --> 01:10:52.320 align:start position:0% future debt or reprogram existing debt 01:10:52.320 --> 01:10:55.189 align:start position:0% future debt or reprogram existing debt to<01:10:52.560> redesignations<01:10:53.440> to<01:10:53.760> achieve<01:10:54.159> somewhat 01:10:55.189 --> 01:10:55.199 align:start position:0% to redesignations to achieve somewhat 01:10:55.199 --> 01:10:58.630 align:start position:0% to redesignations to achieve somewhat some<01:10:55.360> of<01:10:55.520> our<01:10:55.679> goals<01:10:56.000> but<01:10:56.719> um<01:10:58.080> up<01:10:58.239> until<01:10:58.480> this 01:10:58.630 --> 01:10:58.640 align:start position:0% some of our goals but um up until this 01:10:58.640 --> 01:11:00.070 align:start position:0% some of our goals but um up until this point<01:10:58.880> there<01:10:59.040> really<01:10:59.280> hasn't<01:10:59.520> been<01:10:59.679> a<01:10:59.760> lot<01:10:59.920> of 01:11:00.070 --> 01:11:00.080 align:start position:0% point there really hasn't been a lot of 01:11:00.080 --> 01:11:02.070 align:start position:0% point there really hasn't been a lot of discussion<01:11:00.640> on<01:11:00.800> this<01:11:01.120> so 01:11:02.070 --> 01:11:02.080 align:start position:0% discussion on this so 01:11:02.080 --> 01:11:05.030 align:start position:0% discussion on this so i<01:11:02.320> think<01:11:02.560> what<01:11:03.040> we're<01:11:03.280> trying<01:11:03.600> to<01:11:03.840> communicate 01:11:05.030 --> 01:11:05.040 align:start position:0% i think what we're trying to communicate 01:11:05.040 --> 01:11:07.189 align:start position:0% i think what we're trying to communicate is<01:11:05.360> really<01:11:05.679> those<01:11:05.920> items<01:11:06.320> that<01:11:06.480> are<01:11:06.880> kind<01:11:07.120> of 01:11:07.189 --> 01:11:07.199 align:start position:0% is really those items that are kind of 01:11:07.199 --> 01:11:09.430 align:start position:0% is really those items that are kind of in<01:11:07.360> the<01:11:07.440> faqs<01:11:08.239> you<01:11:08.320> know<01:11:08.400> how<01:11:08.560> much<01:11:08.719> did<01:11:08.880> we<01:11:09.040> get 01:11:09.430 --> 01:11:09.440 align:start position:0% in the faqs you know how much did we get 01:11:09.440 --> 01:11:11.270 align:start position:0% in the faqs you know how much did we get how<01:11:09.600> can<01:11:09.760> they<01:11:09.920> be<01:11:10.080> used<01:11:10.719> what's<01:11:10.960> the<01:11:11.040> time 01:11:11.270 --> 01:11:11.280 align:start position:0% how can they be used what's the time 01:11:11.280 --> 01:11:12.950 align:start position:0% how can they be used what's the time frame<01:11:11.520> for<01:11:11.679> using<01:11:12.080> them 01:11:12.950 --> 01:11:12.960 align:start position:0% frame for using them 01:11:12.960 --> 01:11:14.950 align:start position:0% frame for using them and<01:11:13.199> what<01:11:13.360> are<01:11:13.440> the<01:11:13.600> sort<01:11:13.760> of<01:11:13.920> major<01:11:14.239> areas<01:11:14.800> of 01:11:14.950 --> 01:11:14.960 align:start position:0% and what are the sort of major areas of 01:11:14.960 --> 01:11:16.550 align:start position:0% and what are the sort of major areas of focus<01:11:15.360> that<01:11:15.600> the<01:11:15.760> uh 01:11:16.550 --> 01:11:16.560 align:start position:0% focus that the uh 01:11:16.560 --> 01:11:18.550 align:start position:0% focus that the uh the<01:11:16.719> government<01:11:17.199> wants<01:11:17.440> to<01:11:17.600> see<01:11:17.840> us 01:11:18.550 --> 01:11:18.560 align:start position:0% the government wants to see us 01:11:18.560 --> 01:11:20.070 align:start position:0% the government wants to see us spend<01:11:18.880> the<01:11:18.960> money<01:11:19.280> on 01:11:20.070 --> 01:11:20.080 align:start position:0% spend the money on 01:11:20.080 --> 01:11:21.110 align:start position:0% spend the money on and 01:11:21.110 --> 01:11:21.120 align:start position:0% and 01:11:21.120 --> 01:11:22.709 align:start position:0% and we'll<01:11:21.360> talk<01:11:21.760> a<01:11:22.000> little<01:11:22.159> bit<01:11:22.320> later<01:11:22.560> in<01:11:22.640> the 01:11:22.709 --> 01:11:22.719 align:start position:0% we'll talk a little bit later in the 01:11:22.719 --> 01:11:24.070 align:start position:0% we'll talk a little bit later in the next<01:11:23.040> item<01:11:23.360> but 01:11:24.070 --> 01:11:24.080 align:start position:0% next item but 01:11:24.080 --> 01:11:26.709 align:start position:0% next item but you<01:11:24.159> know<01:11:24.320> there's<01:11:24.640> also<01:11:25.040> a<01:11:26.000> federal<01:11:26.400> budget 01:11:26.709 --> 01:11:26.719 align:start position:0% you know there's also a federal budget 01:11:26.719 --> 01:11:29.270 align:start position:0% you know there's also a federal budget that's<01:11:27.280> being<01:11:27.520> discussed<01:11:27.920> in<01:11:28.080> washington<01:11:28.719> as 01:11:29.270 --> 01:11:29.280 align:start position:0% that's being discussed in washington as 01:11:29.280 --> 01:11:32.149 align:start position:0% that's being discussed in washington as as<01:11:29.440> we<01:11:29.600> speak<01:11:29.920> and<01:11:30.560> they're<01:11:30.800> talking<01:11:31.199> about 01:11:32.149 --> 01:11:32.159 align:start position:0% as we speak and they're talking about 01:11:32.159 --> 01:11:34.070 align:start position:0% as we speak and they're talking about uh<01:11:32.800> you<01:11:32.880> know<01:11:33.120> three<01:11:33.280> and<01:11:33.360> a<01:11:33.440> half<01:11:33.679> trillion 01:11:34.070 --> 01:11:34.080 align:start position:0% uh you know three and a half trillion 01:11:34.080 --> 01:11:35.430 align:start position:0% uh you know three and a half trillion perhaps 01:11:35.430 --> 01:11:35.440 align:start position:0% perhaps 01:11:35.440 --> 01:11:36.709 align:start position:0% perhaps or<01:11:35.679> less 01:11:36.709 --> 01:11:36.719 align:start position:0% or less 01:11:36.719 --> 01:11:37.590 align:start position:0% or less and 01:11:37.590 --> 01:11:37.600 align:start position:0% and 01:11:37.600 --> 01:11:39.669 align:start position:0% and you<01:11:37.679> know<01:11:38.000> that<01:11:38.239> may<01:11:38.480> have<01:11:38.719> some<01:11:39.360> dollars 01:11:39.669 --> 01:11:39.679 align:start position:0% you know that may have some dollars 01:11:39.679 --> 01:11:41.910 align:start position:0% you know that may have some dollars flowing<01:11:40.000> away<01:11:40.560> in<01:11:40.719> addition<01:11:41.120> to<01:11:41.280> this<01:11:41.520> as<01:11:41.600> well 01:11:41.910 --> 01:11:41.920 align:start position:0% flowing away in addition to this as well 01:11:41.920 --> 01:11:42.790 align:start position:0% flowing away in addition to this as well so 01:11:42.790 --> 01:11:42.800 align:start position:0% so 01:11:42.800 --> 01:11:43.750 align:start position:0% so um 01:11:43.750 --> 01:11:43.760 align:start position:0% um 01:11:43.760 --> 01:11:45.750 align:start position:0% um as<01:11:44.000> i<01:11:44.159> said<01:11:44.400> to<01:11:44.719> uh 01:11:45.750 --> 01:11:45.760 align:start position:0% as i said to uh 01:11:45.760 --> 01:11:47.590 align:start position:0% as i said to uh to<01:11:46.000> joe<01:11:46.239> in<01:11:46.320> a<01:11:46.400> conversation<01:11:47.040> we<01:11:47.199> had<01:11:47.360> this 01:11:47.590 --> 01:11:47.600 align:start position:0% to joe in a conversation we had this 01:11:47.600 --> 01:11:48.950 align:start position:0% to joe in a conversation we had this afternoon 01:11:48.950 --> 01:11:48.960 align:start position:0% afternoon 01:11:48.960 --> 01:11:50.870 align:start position:0% afternoon sort<01:11:49.120> of<01:11:49.280> never<01:11:49.600> in<01:11:49.760> my<01:11:50.080> uh 01:11:50.870 --> 01:11:50.880 align:start position:0% sort of never in my uh 01:11:50.880 --> 01:11:53.110 align:start position:0% sort of never in my uh career<01:11:51.360> have<01:11:52.000> have<01:11:52.320> there's<01:11:52.560> been<01:11:52.719> such<01:11:53.040> a 01:11:53.110 --> 01:11:53.120 align:start position:0% career have have there's been such a 01:11:53.120 --> 01:11:55.189 align:start position:0% career have have there's been such a focus<01:11:53.520> on<01:11:53.679> what's<01:11:53.920> going<01:11:54.159> on<01:11:54.400> in<01:11:54.480> washington 01:11:55.189 --> 01:11:55.199 align:start position:0% focus on what's going on in washington 01:11:55.199 --> 01:11:56.870 align:start position:0% focus on what's going on in washington as<01:11:55.360> there's<01:11:55.679> really<01:11:55.920> been<01:11:56.080> in<01:11:56.239> the<01:11:56.320> last<01:11:56.640> year 01:11:56.870 --> 01:11:56.880 align:start position:0% as there's really been in the last year 01:11:56.880 --> 01:11:58.470 align:start position:0% as there's really been in the last year not<01:11:57.120> normally<01:11:57.600> in<01:11:57.679> a<01:11:57.760> normal<01:11:58.080> course<01:11:58.239> i<01:11:58.320> think 01:11:58.470 --> 01:11:58.480 align:start position:0% not normally in a normal course i think 01:11:58.480 --> 01:11:59.750 align:start position:0% not normally in a normal course i think we'd<01:11:58.640> be<01:11:58.719> more<01:11:58.880> focused<01:11:59.199> on<01:11:59.280> what's<01:11:59.440> going<01:11:59.600> on 01:11:59.750 --> 01:11:59.760 align:start position:0% we'd be more focused on what's going on 01:11:59.760 --> 01:12:03.189 align:start position:0% we'd be more focused on what's going on at<01:11:59.840> hartford<01:12:00.320> but<01:12:00.960> uh<01:12:01.520> given<01:12:01.920> uh 01:12:03.189 --> 01:12:03.199 align:start position:0% at hartford but uh given uh 01:12:03.199 --> 01:12:05.430 align:start position:0% at hartford but uh given uh all<01:12:03.360> of<01:12:03.520> the<01:12:03.600> activity<01:12:04.560> at<01:12:04.640> the<01:12:04.800> federal<01:12:05.199> level 01:12:05.430 --> 01:12:05.440 align:start position:0% all of the activity at the federal level 01:12:05.440 --> 01:12:08.229 align:start position:0% all of the activity at the federal level and<01:12:05.600> its<01:12:05.840> impact<01:12:06.159> on<01:12:06.320> municipalities 01:12:08.229 --> 01:12:08.239 align:start position:0% and its impact on municipalities 01:12:08.239 --> 01:12:09.590 align:start position:0% and its impact on municipalities that's<01:12:08.480> where<01:12:08.719> we're 01:12:09.590 --> 01:12:09.600 align:start position:0% that's where we're 01:12:09.600 --> 01:12:11.189 align:start position:0% that's where we're turning<01:12:09.840> our<01:12:10.000> heads<01:12:10.320> these<01:12:10.560> days<01:12:10.800> to<01:12:10.880> find<01:12:11.120> out 01:12:11.189 --> 01:12:11.199 align:start position:0% turning our heads these days to find out 01:12:11.199 --> 01:12:13.510 align:start position:0% turning our heads these days to find out what's<01:12:11.440> happening 01:12:13.510 --> 01:12:13.520 align:start position:0% what's happening 01:12:13.520 --> 01:12:15.430 align:start position:0% what's happening thanks<01:12:13.840> jim<01:12:14.320> um 01:12:15.430 --> 01:12:15.440 align:start position:0% thanks jim um 01:12:15.440 --> 01:12:16.709 align:start position:0% thanks jim um and 01:12:16.709 --> 01:12:16.719 align:start position:0% and 01:12:16.719 --> 01:12:18.149 align:start position:0% and so<01:12:17.199> there's 01:12:18.149 --> 01:12:18.159 align:start position:0% so there's 01:12:18.159 --> 01:12:19.669 align:start position:0% so there's one<01:12:18.320> of<01:12:18.400> the<01:12:18.480> questions<01:12:18.880> that<01:12:19.040> i<01:12:19.280> had<01:12:19.520> and<01:12:19.600> i 01:12:19.669 --> 01:12:19.679 align:start position:0% one of the questions that i had and i 01:12:19.679 --> 01:12:21.750 align:start position:0% one of the questions that i had and i think<01:12:19.920> the<01:12:20.159> board<01:12:20.480> might<01:12:20.640> have<01:12:20.880> is<01:12:21.520> you<01:12:21.679> know 01:12:21.750 --> 01:12:21.760 align:start position:0% think the board might have is you know 01:12:21.760 --> 01:12:23.910 align:start position:0% think the board might have is you know how<01:12:21.920> do<01:12:22.080> these<01:12:22.239> dollars<01:12:22.640> get<01:12:22.880> allocated<01:12:23.600> and 01:12:23.910 --> 01:12:23.920 align:start position:0% how do these dollars get allocated and 01:12:23.920 --> 01:12:25.990 align:start position:0% how do these dollars get allocated and that's<01:12:24.239> really<01:12:24.560> i<01:12:24.719> think<01:12:25.120> you<01:12:25.199> know<01:12:25.600> down<01:12:25.840> the 01:12:25.990 --> 01:12:26.000 align:start position:0% that's really i think you know down the 01:12:26.000 --> 01:12:28.310 align:start position:0% that's really i think you know down the road<01:12:26.320> working<01:12:26.719> through<01:12:26.960> that<01:12:27.280> because<01:12:27.600> it's 01:12:28.310 --> 01:12:28.320 align:start position:0% road working through that because it's 01:12:28.320 --> 01:12:29.830 align:start position:0% road working through that because it's essentially<01:12:28.960> a 01:12:29.830 --> 01:12:29.840 align:start position:0% essentially a 01:12:29.840 --> 01:12:32.630 align:start position:0% essentially a uh<01:12:30.239> i<01:12:30.320> guess<01:12:30.640> an<01:12:30.800> unsolicited<01:12:31.600> grant<01:12:32.159> to<01:12:32.320> some 01:12:32.630 --> 01:12:32.640 align:start position:0% uh i guess an unsolicited grant to some 01:12:32.640 --> 01:12:34.310 align:start position:0% uh i guess an unsolicited grant to some extent<01:12:33.199> um 01:12:34.310 --> 01:12:34.320 align:start position:0% extent um 01:12:34.320 --> 01:12:36.470 align:start position:0% extent um and<01:12:34.719> you<01:12:34.880> know<01:12:35.360> that<01:12:35.520> we've<01:12:35.760> seen<01:12:36.080> because<01:12:36.400> of 01:12:36.470 --> 01:12:36.480 align:start position:0% and you know that we've seen because of 01:12:36.480 --> 01:12:37.510 align:start position:0% and you know that we've seen because of the 01:12:37.510 --> 01:12:37.520 align:start position:0% the 01:12:37.520 --> 01:12:40.229 align:start position:0% the the<01:12:38.080> the<01:12:38.320> pandemic<01:12:39.199> and 01:12:40.229 --> 01:12:40.239 align:start position:0% the the pandemic and 01:12:40.239 --> 01:12:42.310 align:start position:0% the the pandemic and um 01:12:42.310 --> 01:12:42.320 align:start position:0% um 01:12:42.320 --> 01:12:43.910 align:start position:0% um the<01:12:42.640> approach<01:12:43.120> is<01:12:43.199> to<01:12:43.360> try<01:12:43.520> to<01:12:43.600> be<01:12:43.760> as 01:12:43.910 --> 01:12:43.920 align:start position:0% the approach is to try to be as 01:12:43.920 --> 01:12:46.470 align:start position:0% the approach is to try to be as transparent<01:12:44.560> as<01:12:44.719> possible<01:12:45.280> with<01:12:45.920> how<01:12:46.239> we're 01:12:46.470 --> 01:12:46.480 align:start position:0% transparent as possible with how we're 01:12:46.480 --> 01:12:48.550 align:start position:0% transparent as possible with how we're spending<01:12:46.960> it<01:12:47.440> uh<01:12:47.679> there<01:12:47.840> doesn't<01:12:48.080> seem<01:12:48.320> to<01:12:48.400> be 01:12:48.550 --> 01:12:48.560 align:start position:0% spending it uh there doesn't seem to be 01:12:48.560 --> 01:12:51.830 align:start position:0% spending it uh there doesn't seem to be a<01:12:48.640> whole<01:12:48.880> lot<01:12:49.120> of<01:12:49.360> guidance<01:12:49.920> out<01:12:50.080> of<01:12:50.239> opm 01:12:51.830 --> 01:12:51.840 align:start position:0% a whole lot of guidance out of opm 01:12:51.840 --> 01:12:54.390 align:start position:0% a whole lot of guidance out of opm um<01:12:52.560> there<01:12:52.800> is<01:12:53.040> a<01:12:53.360> there's<01:12:53.679> a 01:12:54.390 --> 01:12:54.400 align:start position:0% um there is a there's a 01:12:54.400 --> 01:12:55.430 align:start position:0% um there is a there's a guidance 01:12:55.430 --> 01:12:55.440 align:start position:0% guidance 01:12:55.440 --> 01:12:57.750 align:start position:0% guidance you<01:12:55.600> know<01:12:55.840> that<01:12:56.480> that's<01:12:56.960> out<01:12:57.120> of<01:12:57.280> the<01:12:57.360> u.s 01:12:57.750 --> 01:12:57.760 align:start position:0% you know that that's out of the u.s 01:12:57.760 --> 01:12:59.430 align:start position:0% you know that that's out of the u.s treasury<01:12:58.159> which<01:12:58.400> is<01:12:58.480> about 01:12:59.430 --> 01:12:59.440 align:start position:0% treasury which is about 01:12:59.440 --> 01:13:01.430 align:start position:0% treasury which is about 30<01:12:59.840> pages<01:13:00.239> or<01:13:00.400> so<01:13:00.719> and<01:13:00.800> there's<01:13:01.040> hundreds<01:13:01.360> of 01:13:01.430 --> 01:13:01.440 align:start position:0% 30 pages or so and there's hundreds of 01:13:01.440 --> 01:13:04.390 align:start position:0% 30 pages or so and there's hundreds of pages<01:13:01.760> of<01:13:02.000> regulations<01:13:02.800> that<01:13:02.880> go<01:13:03.120> with<01:13:03.360> it<01:13:03.440> but 01:13:04.390 --> 01:13:04.400 align:start position:0% pages of regulations that go with it but 01:13:04.400 --> 01:13:06.470 align:start position:0% pages of regulations that go with it but it<01:13:04.719> doesn't<01:13:05.040> necessarily<01:13:05.679> mandate<01:13:06.159> that<01:13:06.320> we 01:13:06.470 --> 01:13:06.480 align:start position:0% it doesn't necessarily mandate that we 01:13:06.480 --> 01:13:08.709 align:start position:0% it doesn't necessarily mandate that we go<01:13:06.640> through<01:13:06.880> our<01:13:07.280> process<01:13:08.000> our<01:13:08.159> budgetary 01:13:08.709 --> 01:13:08.719 align:start position:0% go through our process our budgetary 01:13:08.719 --> 01:13:10.390 align:start position:0% go through our process our budgetary process<01:13:09.120> but<01:13:09.280> i<01:13:09.360> think<01:13:09.840> that's<01:13:10.080> something 01:13:10.390 --> 01:13:10.400 align:start position:0% process but i think that's something 01:13:10.400 --> 01:13:12.550 align:start position:0% process but i think that's something we're<01:13:10.640> working<01:13:10.960> through<01:13:11.199> to<01:13:11.360> say<01:13:11.600> how<01:13:12.320> well 01:13:12.550 --> 01:13:12.560 align:start position:0% we're working through to say how well 01:13:12.560 --> 01:13:14.229 align:start position:0% we're working through to say how well you<01:13:12.719> know<01:13:12.800> what's<01:13:13.040> the<01:13:13.120> most<01:13:13.440> transparent 01:13:14.229 --> 01:13:14.239 align:start position:0% you know what's the most transparent 01:13:14.239 --> 01:13:15.510 align:start position:0% you know what's the most transparent approach<01:13:14.719> to 01:13:15.510 --> 01:13:15.520 align:start position:0% approach to 01:13:15.520 --> 01:13:20.149 align:start position:0% approach to to<01:13:15.679> allocating<01:13:16.239> these<01:13:16.560> funds<01:13:17.040> um<01:13:18.080> and 01:13:20.149 --> 01:13:20.159 align:start position:0% to allocating these funds um and 01:13:20.159 --> 01:13:22.470 align:start position:0% to allocating these funds um and that<01:13:20.320> would<01:13:20.480> be<01:13:20.640> the<01:13:20.719> next<01:13:21.040> step<01:13:21.679> yeah<01:13:22.080> jamie<01:13:22.400> i 01:13:22.470 --> 01:13:22.480 align:start position:0% that would be the next step yeah jamie i 01:13:22.480 --> 01:13:25.830 align:start position:0% that would be the next step yeah jamie i mean<01:13:22.880> joe<01:13:23.280> uh<01:13:23.520> on<01:13:23.679> that<01:13:23.920> note<01:13:24.320> uh 01:13:25.830 --> 01:13:25.840 align:start position:0% mean joe uh on that note uh 01:13:25.840 --> 01:13:27.750 align:start position:0% mean joe uh on that note uh about<01:13:26.080> the<01:13:26.480> guidance<01:13:26.960> let<01:13:27.120> me<01:13:27.199> just<01:13:27.360> first<01:13:27.600> say 01:13:27.750 --> 01:13:27.760 align:start position:0% about the guidance let me just first say 01:13:27.760 --> 01:13:29.910 align:start position:0% about the guidance let me just first say you<01:13:27.920> know<01:13:28.080> probably<01:13:28.320> a<01:13:28.480> month<01:13:28.719> ago<01:13:29.040> i<01:13:29.440> attended 01:13:29.910 --> 01:13:29.920 align:start position:0% you know probably a month ago i attended 01:13:29.920 --> 01:13:32.950 align:start position:0% you know probably a month ago i attended a<01:13:30.000> cog<01:13:30.320> meeting<01:13:30.719> and<01:13:31.040> you<01:13:31.120> know<01:13:31.280> out<01:13:31.360> of<01:13:31.440> the<01:13:31.679> 14 01:13:32.950 --> 01:13:32.960 align:start position:0% a cog meeting and you know out of the 14 01:13:32.960 --> 01:13:35.430 align:start position:0% a cog meeting and you know out of the 14 uh<01:13:33.440> communities<01:13:33.920> represented<01:13:34.960> uh<01:13:35.199> in<01:13:35.280> the 01:13:35.430 --> 01:13:35.440 align:start position:0% uh communities represented uh in the 01:13:35.440 --> 01:13:38.229 align:start position:0% uh communities represented uh in the room<01:13:35.760> at<01:13:35.840> that<01:13:36.080> meeting<01:13:36.880> uh<01:13:37.440> i<01:13:37.600> i<01:13:37.760> think<01:13:38.159> you 01:13:38.229 --> 01:13:38.239 align:start position:0% room at that meeting uh i i think you 01:13:38.239 --> 01:13:40.870 align:start position:0% room at that meeting uh i i think you know<01:13:38.320> you<01:13:38.560> heard<01:13:38.880> a<01:13:39.120> variety<01:13:39.679> of 01:13:40.870 --> 01:13:40.880 align:start position:0% know you heard a variety of 01:13:40.880 --> 01:13:42.870 align:start position:0% know you heard a variety of ways<01:13:41.360> that 01:13:42.870 --> 01:13:42.880 align:start position:0% ways that 01:13:42.880 --> 01:13:44.709 align:start position:0% ways that communities<01:13:43.520> town<01:13:43.840> cities<01:13:44.159> were 01:13:44.709 --> 01:13:44.719 align:start position:0% communities town cities were 01:13:44.719 --> 01:13:46.390 align:start position:0% communities town cities were contemplating<01:13:45.520> uh 01:13:46.390 --> 01:13:46.400 align:start position:0% contemplating uh 01:13:46.400 --> 01:13:48.709 align:start position:0% contemplating uh spending<01:13:46.800> their<01:13:46.960> money<01:13:47.360> and<01:13:47.840> also<01:13:48.320> looking<01:13:48.560> at 01:13:48.709 --> 01:13:48.719 align:start position:0% spending their money and also looking at 01:13:48.719 --> 01:13:50.790 align:start position:0% spending their money and also looking at the<01:13:48.880> process<01:13:49.440> in<01:13:49.679> which<01:13:49.840> they<01:13:50.000> would<01:13:50.159> do<01:13:50.400> so<01:13:50.719> i 01:13:50.790 --> 01:13:50.800 align:start position:0% the process in which they would do so i 01:13:50.800 --> 01:13:53.110 align:start position:0% the process in which they would do so i think<01:13:51.040> joe<01:13:51.440> uh<01:13:51.760> jim<01:13:52.000> touched<01:13:52.320> upon 01:13:53.110 --> 01:13:53.120 align:start position:0% think joe uh jim touched upon 01:13:53.120 --> 01:13:55.110 align:start position:0% think joe uh jim touched upon that<01:13:53.360> you<01:13:53.440> know<01:13:53.600> we<01:13:54.080> want<01:13:54.239> to<01:13:54.640> look<01:13:54.880> at<01:13:55.040> you 01:13:55.110 --> 01:13:55.120 align:start position:0% that you know we want to look at you 01:13:55.120 --> 01:13:57.750 align:start position:0% that you know we want to look at you know<01:13:55.760> what<01:13:55.920> the<01:13:56.080> makeup<01:13:56.480> of<01:13:56.640> our<01:13:56.800> town<01:13:57.199> is<01:13:57.440> and 01:13:57.750 --> 01:13:57.760 align:start position:0% know what the makeup of our town is and 01:13:57.760 --> 01:13:59.350 align:start position:0% know what the makeup of our town is and what<01:13:58.000> we're<01:13:58.400> uh 01:13:59.350 --> 01:13:59.360 align:start position:0% what we're uh 01:13:59.360 --> 01:14:02.229 align:start position:0% what we're uh how<01:13:59.520> to<01:13:59.760> expend<01:14:00.239> these<01:14:00.480> dollars<01:14:01.440> um<01:14:02.000> you<01:14:02.080> know 01:14:02.229 --> 01:14:02.239 align:start position:0% how to expend these dollars um you know 01:14:02.239 --> 01:14:05.110 align:start position:0% how to expend these dollars um you know eight<01:14:02.480> million<01:14:02.960> dollars<01:14:03.600> is<01:14:03.840> significant 01:14:05.110 --> 01:14:05.120 align:start position:0% eight million dollars is significant 01:14:05.120 --> 01:14:06.149 align:start position:0% eight million dollars is significant um 01:14:06.149 --> 01:14:06.159 align:start position:0% um 01:14:06.159 --> 01:14:07.189 align:start position:0% um you<01:14:06.320> know 01:14:07.189 --> 01:14:07.199 align:start position:0% you know 01:14:07.199 --> 01:14:10.550 align:start position:0% you know in<01:14:07.440> terms<01:14:07.760> of<01:14:07.920> dollars<01:14:08.640> uh<01:14:09.360> but<01:14:09.679> also<01:14:10.320> you<01:14:10.400> know 01:14:10.550 --> 01:14:10.560 align:start position:0% in terms of dollars uh but also you know 01:14:10.560 --> 01:14:12.790 align:start position:0% in terms of dollars uh but also you know we<01:14:10.719> also<01:14:10.960> have<01:14:11.120> to<01:14:11.360> adhere<01:14:11.760> to<01:14:11.920> the<01:14:12.000> guidance 01:14:12.790 --> 01:14:12.800 align:start position:0% we also have to adhere to the guidance 01:14:12.800 --> 01:14:15.669 align:start position:0% we also have to adhere to the guidance of<01:14:13.040> which<01:14:13.600> we<01:14:13.840> expect<01:14:14.560> additional<01:14:15.120> guidance 01:14:15.669 --> 01:14:15.679 align:start position:0% of which we expect additional guidance 01:14:15.679 --> 01:14:17.430 align:start position:0% of which we expect additional guidance coming<01:14:16.080> out<01:14:16.640> uh 01:14:17.430 --> 01:14:17.440 align:start position:0% coming out uh 01:14:17.440 --> 01:14:20.229 align:start position:0% coming out uh probably<01:14:17.840> later<01:14:18.159> this<01:14:18.400> week<01:14:18.719> from<01:14:19.360> uh<01:14:20.080> the 01:14:20.229 --> 01:14:20.239 align:start position:0% probably later this week from uh the 01:14:20.239 --> 01:14:23.669 align:start position:0% probably later this week from uh the feds<01:14:20.960> so<01:14:21.199> we<01:14:21.360> await<01:14:21.760> that<01:14:22.400> um<01:14:22.960> however<01:14:23.600> in 01:14:23.669 --> 01:14:23.679 align:start position:0% feds so we await that um however in 01:14:23.679 --> 01:14:25.430 align:start position:0% feds so we await that um however in terms<01:14:24.000> of<01:14:24.159> what<01:14:24.320> we've<01:14:24.480> been<01:14:24.719> considering<01:14:25.280> and 01:14:25.430 --> 01:14:25.440 align:start position:0% terms of what we've been considering and 01:14:25.440 --> 01:14:28.470 align:start position:0% terms of what we've been considering and looking<01:14:25.760> at<01:14:26.080> i<01:14:26.480> think<01:14:26.640> we<01:14:26.800> want<01:14:27.040> to<01:14:27.600> uh 01:14:28.470 --> 01:14:28.480 align:start position:0% looking at i think we want to uh 01:14:28.480 --> 01:14:30.950 align:start position:0% looking at i think we want to uh stay<01:14:29.040> faithful<01:14:29.520> to<01:14:29.760> the<01:14:29.920> intent 01:14:30.950 --> 01:14:30.960 align:start position:0% stay faithful to the intent 01:14:30.960 --> 01:14:33.750 align:start position:0% stay faithful to the intent of<01:14:31.600> of<01:14:32.239> this<01:14:32.480> funding<01:14:32.880> of<01:14:33.040> what<01:14:33.199> it<01:14:33.280> was<01:14:33.520> for 01:14:33.750 --> 01:14:33.760 align:start position:0% of of this funding of what it was for 01:14:33.760 --> 01:14:35.750 align:start position:0% of of this funding of what it was for that<01:14:33.920> i<01:14:34.000> think<01:14:34.159> that<01:14:34.320> will<01:14:34.480> serve<01:14:34.800> us<01:14:35.360> well<01:14:35.679> i 01:14:35.750 --> 01:14:35.760 align:start position:0% that i think that will serve us well i 01:14:35.760 --> 01:14:37.270 align:start position:0% that i think that will serve us well i don't<01:14:36.239> think<01:14:36.480> not<01:14:36.640> only<01:14:36.800> do<01:14:36.960> we<01:14:37.040> have<01:14:37.199> an 01:14:37.270 --> 01:14:37.280 align:start position:0% don't think not only do we have an 01:14:37.280 --> 01:14:40.310 align:start position:0% don't think not only do we have an obligation<01:14:38.080> i<01:14:38.159> mean<01:14:38.640> rather<01:14:38.960> than 01:14:40.310 --> 01:14:40.320 align:start position:0% obligation i mean rather than 01:14:40.320 --> 01:14:42.630 align:start position:0% obligation i mean rather than playing<01:14:40.640> you<01:14:40.800> know<01:14:41.360> seeing<01:14:41.600> how<01:14:41.840> we<01:14:42.000> could 01:14:42.630 --> 01:14:42.640 align:start position:0% playing you know seeing how we could 01:14:42.640 --> 01:14:45.350 align:start position:0% playing you know seeing how we could make<01:14:42.880> it<01:14:43.120> fit<01:14:43.520> and<01:14:43.920> spend<01:14:44.239> it<01:14:44.320> somewhere<01:14:45.120> i 01:14:45.350 --> 01:14:45.360 align:start position:0% make it fit and spend it somewhere i 01:14:45.360 --> 01:14:48.390 align:start position:0% make it fit and spend it somewhere i think<01:14:45.840> if<01:14:46.000> we<01:14:46.159> stay<01:14:46.960> uh<01:14:47.440> as<01:14:47.679> faithful<01:14:48.159> as<01:14:48.239> we 01:14:48.390 --> 01:14:48.400 align:start position:0% think if we stay uh as faithful as we 01:14:48.400 --> 01:14:50.070 align:start position:0% think if we stay uh as faithful as we can<01:14:48.719> to<01:14:48.880> the<01:14:49.040> intent 01:14:50.070 --> 01:14:50.080 align:start position:0% can to the intent 01:14:50.080 --> 01:14:52.630 align:start position:0% can to the intent as<01:14:50.320> written<01:14:50.640> and<01:14:50.800> as<01:14:51.199> the<01:14:51.280> guidance<01:14:51.760> provided 01:14:52.630 --> 01:14:52.640 align:start position:0% as written and as the guidance provided 01:14:52.640 --> 01:14:55.270 align:start position:0% as written and as the guidance provided um<01:14:53.120> it'll<01:14:53.440> serve<01:14:53.679> us<01:14:53.920> well<01:14:54.320> in<01:14:54.480> terms<01:14:54.880> of<01:14:55.040> just 01:14:55.270 --> 01:14:55.280 align:start position:0% um it'll serve us well in terms of just 01:14:55.280 --> 01:14:56.390 align:start position:0% um it'll serve us well in terms of just ensuring<01:14:55.760> that 01:14:56.390 --> 01:14:56.400 align:start position:0% ensuring that 01:14:56.400 --> 01:14:59.350 align:start position:0% ensuring that when<01:14:56.880> uh<01:14:57.280> if<01:14:57.520> looked<01:14:57.840> at<01:14:58.400> a<01:14:58.880> change<01:14:59.199> in 01:14:59.350 --> 01:14:59.360 align:start position:0% when uh if looked at a change in 01:14:59.360 --> 01:15:01.750 align:start position:0% when uh if looked at a change in administration<01:15:00.000> in<01:15:00.159> washington<01:15:01.199> uh<01:15:01.520> or 01:15:01.750 --> 01:15:01.760 align:start position:0% administration in washington uh or 01:15:01.760 --> 01:15:05.910 align:start position:0% administration in washington uh or changing<01:15:02.480> the<01:15:02.640> makeup<01:15:03.440> of<01:15:03.840> uh<01:15:04.560> congress<01:15:05.360> um 01:15:05.910 --> 01:15:05.920 align:start position:0% changing the makeup of uh congress um 01:15:05.920 --> 01:15:08.149 align:start position:0% changing the makeup of uh congress um that<01:15:06.239> you<01:15:06.320> know<01:15:06.480> these<01:15:06.800> dollars<01:15:07.199> are<01:15:07.360> intact 01:15:08.149 --> 01:15:08.159 align:start position:0% that you know these dollars are intact 01:15:08.159 --> 01:15:10.470 align:start position:0% that you know these dollars are intact so<01:15:08.560> you<01:15:08.719> know<01:15:08.880> i<01:15:09.120> think<01:15:09.520> we<01:15:09.760> will<01:15:10.000> be<01:15:10.159> looking 01:15:10.470 --> 01:15:10.480 align:start position:0% so you know i think we will be looking 01:15:10.480 --> 01:15:11.750 align:start position:0% so you know i think we will be looking at<01:15:10.800> a 01:15:11.750 --> 01:15:11.760 align:start position:0% at a 01:15:11.760 --> 01:15:13.830 align:start position:0% at a significant<01:15:12.320> part<01:15:12.480> of<01:15:12.640> it<01:15:12.719> going<01:15:13.040> towards 01:15:13.830 --> 01:15:13.840 align:start position:0% significant part of it going towards 01:15:13.840 --> 01:15:16.310 align:start position:0% significant part of it going towards capital<01:15:14.560> such<01:15:14.880> as 01:15:16.310 --> 01:15:16.320 align:start position:0% capital such as 01:15:16.320 --> 01:15:18.149 align:start position:0% capital such as things<01:15:17.040> projects<01:15:17.520> that<01:15:17.600> may<01:15:17.760> have<01:15:18.000> an 01:15:18.149 --> 01:15:18.159 align:start position:0% things projects that may have an 01:15:18.159 --> 01:15:20.950 align:start position:0% things projects that may have an economic<01:15:19.120> development<01:15:19.600> benefit<01:15:20.320> our<01:15:20.560> sewer 01:15:20.950 --> 01:15:20.960 align:start position:0% economic development benefit our sewer 01:15:20.960 --> 01:15:23.910 align:start position:0% economic development benefit our sewer and<01:15:21.040> resiliency<01:15:22.239> uh<01:15:22.719> certainly<01:15:23.280> uh<01:15:23.600> top<01:15:23.840> of 01:15:23.910 --> 01:15:23.920 align:start position:0% and resiliency uh certainly uh top of 01:15:23.920 --> 01:15:26.630 align:start position:0% and resiliency uh certainly uh top of that<01:15:24.159> list<01:15:24.719> however<01:15:25.199> i<01:15:25.600> will<01:15:25.840> say<01:15:26.080> that<01:15:26.239> we<01:15:26.480> are 01:15:26.630 --> 01:15:26.640 align:start position:0% that list however i will say that we are 01:15:26.640 --> 01:15:29.350 align:start position:0% that list however i will say that we are looking<01:15:27.040> at<01:15:27.600> um 01:15:29.350 --> 01:15:29.360 align:start position:0% looking at um 01:15:29.360 --> 01:15:31.750 align:start position:0% looking at um providing<01:15:29.840> some<01:15:30.080> dollars<01:15:30.560> towards<01:15:31.280> the<01:15:31.440> human 01:15:31.750 --> 01:15:31.760 align:start position:0% providing some dollars towards the human 01:15:31.760 --> 01:15:33.510 align:start position:0% providing some dollars towards the human needs 01:15:33.510 --> 01:15:33.520 align:start position:0% needs 01:15:33.520 --> 01:15:35.990 align:start position:0% needs services<01:15:34.480> um<01:15:34.719> however 01:15:35.990 --> 01:15:36.000 align:start position:0% services um however 01:15:36.000 --> 01:15:37.350 align:start position:0% services um however you<01:15:36.159> know<01:15:36.239> when<01:15:36.640> doing<01:15:36.880> that<01:15:37.040> and<01:15:37.120> we've 01:15:37.350 --> 01:15:37.360 align:start position:0% you know when doing that and we've 01:15:37.360 --> 01:15:39.110 align:start position:0% you know when doing that and we've already<01:15:37.600> had<01:15:37.760> some<01:15:38.000> preliminary<01:15:38.640> discussions 01:15:39.110 --> 01:15:39.120 align:start position:0% already had some preliminary discussions 01:15:39.120 --> 01:15:43.510 align:start position:0% already had some preliminary discussions with<01:15:39.360> the<01:15:40.000> uh<01:15:40.719> you<01:15:40.880> know<01:15:41.520> uh<01:15:42.159> area<01:15:42.480> foundation 01:15:43.510 --> 01:15:43.520 align:start position:0% with the uh you know uh area foundation 01:15:43.520 --> 01:15:46.709 align:start position:0% with the uh you know uh area foundation um<01:15:43.840> we<01:15:44.000> want<01:15:44.159> to<01:15:44.320> ensure<01:15:44.719> that<01:15:45.280> it's<01:15:45.760> it's 01:15:46.709 --> 01:15:46.719 align:start position:0% um we want to ensure that it's it's 01:15:46.719 --> 01:15:47.990 align:start position:0% um we want to ensure that it's it's the 01:15:47.990 --> 01:15:48.000 align:start position:0% the 01:15:48.000 --> 01:15:50.470 align:start position:0% the impact<01:15:48.560> is<01:15:48.640> sustainable<01:15:49.679> so<01:15:49.920> as<01:15:50.239> jim 01:15:50.470 --> 01:15:50.480 align:start position:0% impact is sustainable so as jim 01:15:50.480 --> 01:15:53.830 align:start position:0% impact is sustainable so as jim mentioned<01:15:50.800> these<01:15:51.040> dollars<01:15:51.440> need<01:15:51.600> to<01:15:51.760> be 01:15:53.830 --> 01:15:53.840 align:start position:0% mentioned these dollars need to be 01:15:53.840 --> 01:15:55.910 align:start position:0% mentioned these dollars need to be earmarked 01:15:55.910 --> 01:15:55.920 align:start position:0% earmarked 01:15:55.920 --> 01:16:00.149 align:start position:0% earmarked obligated<01:15:56.400> by<01:15:56.560> 2024<01:15:57.360> expended<01:15:57.840> by<01:15:58.080> 2026<01:15:59.360> again 01:16:00.149 --> 01:16:00.159 align:start position:0% obligated by 2024 expended by 2026 again 01:16:00.159 --> 01:16:01.990 align:start position:0% obligated by 2024 expended by 2026 again following<01:16:00.640> the<01:16:00.800> guidance<01:16:01.280> and<01:16:01.520> with<01:16:01.760> that 01:16:01.990 --> 01:16:02.000 align:start position:0% following the guidance and with that 01:16:02.000 --> 01:16:04.310 align:start position:0% following the guidance and with that they<01:16:02.159> want<01:16:02.480> the<01:16:02.640> measurable<01:16:03.199> outcomes<01:16:04.000> so 01:16:04.310 --> 01:16:04.320 align:start position:0% they want the measurable outcomes so 01:16:04.320 --> 01:16:06.630 align:start position:0% they want the measurable outcomes so considering<01:16:04.960> that<01:16:05.760> all<01:16:06.000> that<01:16:06.239> we<01:16:06.400> want<01:16:06.560> to 01:16:06.630 --> 01:16:06.640 align:start position:0% considering that all that we want to 01:16:06.640 --> 01:16:09.590 align:start position:0% considering that all that we want to make<01:16:06.880> sure<01:16:07.440> however<01:16:07.920> we<01:16:08.159> apply<01:16:08.800> some<01:16:09.040> dollars 01:16:09.590 --> 01:16:09.600 align:start position:0% make sure however we apply some dollars 01:16:09.600 --> 01:16:11.590 align:start position:0% make sure however we apply some dollars towards<01:16:10.000> it<01:16:10.400> it<01:16:10.640> ends<01:16:10.880> up<01:16:11.040> having<01:16:11.440> a 01:16:11.590 --> 01:16:11.600 align:start position:0% towards it it ends up having a 01:16:11.600 --> 01:16:14.149 align:start position:0% towards it it ends up having a sustainable<01:16:12.320> impact<01:16:12.719> in<01:16:12.880> a<01:16:12.960> model<01:16:13.679> that<01:16:13.920> can 01:16:14.149 --> 01:16:14.159 align:start position:0% sustainable impact in a model that can 01:16:14.159 --> 01:16:17.189 align:start position:0% sustainable impact in a model that can be<01:16:14.480> uh<01:16:14.880> carry<01:16:15.280> on<01:16:15.440> be<01:16:15.760> beyond<01:16:16.080> these<01:16:16.320> dollars 01:16:17.189 --> 01:16:17.199 align:start position:0% be uh carry on be beyond these dollars 01:16:17.199 --> 01:16:19.669 align:start position:0% be uh carry on be beyond these dollars and<01:16:17.360> i<01:16:17.520> think<01:16:17.679> there<01:16:17.920> will<01:16:18.080> be<01:16:18.320> also 01:16:19.669 --> 01:16:19.679 align:start position:0% and i think there will be also 01:16:19.679 --> 01:16:21.350 align:start position:0% and i think there will be also some<01:16:19.920> dollars<01:16:20.320> going<01:16:20.560> towards<01:16:20.960> arts<01:16:21.280> and 01:16:21.350 --> 01:16:21.360 align:start position:0% some dollars going towards arts and 01:16:21.360 --> 01:16:22.470 align:start position:0% some dollars going towards arts and culture 01:16:22.470 --> 01:16:22.480 align:start position:0% culture 01:16:22.480 --> 01:16:24.630 align:start position:0% culture but<01:16:22.640> these<01:16:22.880> are<01:16:22.960> things<01:16:23.280> that<01:16:23.840> uh<01:16:24.320> we're 01:16:24.630 --> 01:16:24.640 align:start position:0% but these are things that uh we're 01:16:24.640 --> 01:16:26.470 align:start position:0% but these are things that uh we're looking<01:16:24.960> at<01:16:25.199> and<01:16:25.360> we're<01:16:25.600> looking<01:16:25.840> at<01:16:26.000> ways<01:16:26.239> of 01:16:26.470 --> 01:16:26.480 align:start position:0% looking at and we're looking at ways of 01:16:26.480 --> 01:16:28.229 align:start position:0% looking at and we're looking at ways of how 01:16:28.229 --> 01:16:28.239 align:start position:0% how 01:16:28.239 --> 01:16:30.709 align:start position:0% how they<01:16:28.800> would<01:16:28.960> be<01:16:29.120> considered<01:16:29.600> but<01:16:29.760> it's<01:16:29.920> your 01:16:30.709 --> 01:16:30.719 align:start position:0% they would be considered but it's your 01:16:30.719 --> 01:16:32.149 align:start position:0% they would be considered but it's your point<01:16:31.360> joe 01:16:32.149 --> 01:16:32.159 align:start position:0% point joe 01:16:32.159 --> 01:16:33.590 align:start position:0% point joe about<01:16:32.640> i<01:16:32.719> think<01:16:32.880> we<01:16:33.040> want<01:16:33.120> to<01:16:33.199> do<01:16:33.360> in<01:16:33.520> a 01:16:33.590 --> 01:16:33.600 align:start position:0% about i think we want to do in a 01:16:33.600 --> 01:16:35.189 align:start position:0% about i think we want to do in a transparent<01:16:34.239> way<01:16:34.480> and<01:16:34.640> i<01:16:34.719> think<01:16:34.880> we<01:16:34.960> want<01:16:35.120> to 01:16:35.189 --> 01:16:35.199 align:start position:0% transparent way and i think we want to 01:16:35.199 --> 01:16:37.510 align:start position:0% transparent way and i think we want to do<01:16:35.360> in<01:16:35.440> a<01:16:35.520> way<01:16:35.679> that<01:16:35.920> we're<01:16:36.239> all<01:16:36.480> familiar<01:16:36.960> with 01:16:37.510 --> 01:16:37.520 align:start position:0% do in a way that we're all familiar with 01:16:37.520 --> 01:16:39.270 align:start position:0% do in a way that we're all familiar with which<01:16:37.760> i<01:16:37.920> believe<01:16:38.320> is<01:16:38.800> you<01:16:38.880> know<01:16:39.040> going 01:16:39.270 --> 01:16:39.280 align:start position:0% which i believe is you know going 01:16:39.280 --> 01:16:41.189 align:start position:0% which i believe is you know going through<01:16:39.520> similar<01:16:39.920> to<01:16:40.159> the<01:16:40.239> budget<01:16:40.640> process 01:16:41.189 --> 01:16:41.199 align:start position:0% through similar to the budget process 01:16:41.199 --> 01:16:44.470 align:start position:0% through similar to the budget process for<01:16:41.360> the<01:16:41.520> finance<01:16:42.080> rtm<01:16:43.040> so 01:16:44.470 --> 01:16:44.480 align:start position:0% for the finance rtm so 01:16:44.480 --> 01:16:46.790 align:start position:0% for the finance rtm so as<01:16:44.960> as 01:16:46.790 --> 01:16:46.800 align:start position:0% as as 01:16:46.800 --> 01:16:49.510 align:start position:0% as as needs<01:16:47.199> are<01:16:47.360> identified<01:16:48.080> and<01:16:48.239> uses<01:16:48.960> that<01:16:49.280> we 01:16:49.510 --> 01:16:49.520 align:start position:0% needs are identified and uses that we 01:16:49.520 --> 01:16:51.990 align:start position:0% needs are identified and uses that we feel<01:16:50.159> uh<01:16:50.480> faithfully<01:16:51.199> uh 01:16:51.990 --> 01:16:52.000 align:start position:0% feel uh faithfully uh 01:16:52.000 --> 01:16:52.950 align:start position:0% feel uh faithfully uh uh 01:16:52.950 --> 01:16:52.960 align:start position:0% uh 01:16:52.960 --> 01:16:55.910 align:start position:0% uh adhere<01:16:53.360> to<01:16:53.520> the<01:16:53.760> intent<01:16:54.320> of<01:16:54.560> the<01:16:55.040> uh 01:16:55.910 --> 01:16:55.920 align:start position:0% adhere to the intent of the uh 01:16:55.920 --> 01:16:58.790 align:start position:0% adhere to the intent of the uh the<01:16:56.239> the<01:16:56.480> funding<01:16:57.280> um<01:16:57.600> we'll<01:16:57.840> bring<01:16:58.080> those 01:16:58.790 --> 01:16:58.800 align:start position:0% the the funding um we'll bring those 01:16:58.800 --> 01:17:00.950 align:start position:0% the the funding um we'll bring those forward<01:16:59.280> to<01:16:59.520> this<01:17:00.239> uh<01:17:00.640> through<01:17:00.800> the 01:17:00.950 --> 01:17:00.960 align:start position:0% forward to this uh through the 01:17:00.960 --> 01:17:02.950 align:start position:0% forward to this uh through the appropriating<01:17:01.520> bodies 01:17:02.950 --> 01:17:02.960 align:start position:0% appropriating bodies 01:17:02.960 --> 01:17:05.189 align:start position:0% appropriating bodies okay<01:17:03.360> thank<01:17:03.600> you<01:17:03.840> more<01:17:04.000> to<01:17:04.159> come<01:17:04.400> on<01:17:04.560> that<01:17:04.800> uh 01:17:05.189 --> 01:17:05.199 align:start position:0% okay thank you more to come on that uh 01:17:05.199 --> 01:17:07.990 align:start position:0% okay thank you more to come on that uh questions<01:17:05.679> from<01:17:06.080> jamie<01:17:06.560> charlie 01:17:07.990 --> 01:17:08.000 align:start position:0% questions from jamie charlie 01:17:08.000 --> 01:17:10.229 align:start position:0% questions from jamie charlie hey<01:17:08.239> jim<01:17:08.480> you<01:17:08.560> know<01:17:08.719> my<01:17:09.040> experience<01:17:09.840> you<01:17:10.000> know 01:17:10.229 --> 01:17:10.239 align:start position:0% hey jim you know my experience you know 01:17:10.239 --> 01:17:11.830 align:start position:0% hey jim you know my experience you know these<01:17:10.400> kind<01:17:10.560> of<01:17:10.719> funds<01:17:11.040> is 01:17:11.830 --> 01:17:11.840 align:start position:0% these kind of funds is 01:17:11.840 --> 01:17:13.510 align:start position:0% these kind of funds is you<01:17:12.000> know<01:17:12.080> the<01:17:12.239> feds<01:17:12.560> send<01:17:12.800> the<01:17:12.880> money<01:17:13.199> to<01:17:13.360> the 01:17:13.510 --> 01:17:13.520 align:start position:0% you know the feds send the money to the 01:17:13.520 --> 01:17:15.110 align:start position:0% you know the feds send the money to the state<01:17:14.159> state 01:17:15.110 --> 01:17:15.120 align:start position:0% state state 01:17:15.120 --> 01:17:17.430 align:start position:0% state state state<01:17:15.440> sends<01:17:15.760> the<01:17:15.840> money<01:17:16.159> to<01:17:16.320> the<01:17:16.480> companies 01:17:17.430 --> 01:17:17.440 align:start position:0% state sends the money to the companies 01:17:17.440 --> 01:17:19.910 align:start position:0% state sends the money to the companies or<01:17:17.679> the<01:17:17.840> businesses<01:17:18.400> in<01:17:18.480> the<01:17:18.640> community 01:17:19.910 --> 01:17:19.920 align:start position:0% or the businesses in the community 01:17:19.920 --> 01:17:21.590 align:start position:0% or the businesses in the community and<01:17:20.080> then<01:17:20.239> they<01:17:20.400> give<01:17:20.560> you<01:17:20.719> the<01:17:20.880> parameters<01:17:21.520> of 01:17:21.590 --> 01:17:21.600 align:start position:0% and then they give you the parameters of 01:17:21.600 --> 01:17:23.830 align:start position:0% and then they give you the parameters of how<01:17:21.760> you<01:17:21.840> can<01:17:22.080> spend<01:17:22.400> it<01:17:22.560> as<01:17:22.719> you've<01:17:22.960> said 01:17:23.830 --> 01:17:23.840 align:start position:0% how you can spend it as you've said 01:17:23.840 --> 01:17:25.350 align:start position:0% how you can spend it as you've said but<01:17:24.000> at<01:17:24.159> the<01:17:24.320> end<01:17:24.480> of<01:17:24.560> the<01:17:24.800> time<01:17:25.040> when<01:17:25.199> the 01:17:25.350 --> 01:17:25.360 align:start position:0% but at the end of the time when the 01:17:25.360 --> 01:17:27.430 align:start position:0% but at the end of the time when the state<01:17:25.679> auditors<01:17:26.159> come<01:17:26.400> in<01:17:26.560> to 01:17:27.430 --> 01:17:27.440 align:start position:0% state auditors come in to 01:17:27.440 --> 01:17:29.830 align:start position:0% state auditors come in to audit<01:17:28.159> the<01:17:28.400> use<01:17:28.640> of<01:17:28.800> your<01:17:29.040> funds<01:17:29.360> did<01:17:29.520> you<01:17:29.679> do 01:17:29.830 --> 01:17:29.840 align:start position:0% audit the use of your funds did you do 01:17:29.840 --> 01:17:32.630 align:start position:0% audit the use of your funds did you do it<01:17:29.920> correctly<01:17:30.800> there's<01:17:31.040> a<01:17:31.120> recoupment<01:17:32.000> if<01:17:32.159> you 01:17:32.630 --> 01:17:32.640 align:start position:0% it correctly there's a recoupment if you 01:17:32.640 --> 01:17:35.750 align:start position:0% it correctly there's a recoupment if you haven't<01:17:33.440> spent<01:17:33.840> it<01:17:34.080> correctly<01:17:34.960> is<01:17:35.120> that<01:17:35.520> part 01:17:35.750 --> 01:17:35.760 align:start position:0% haven't spent it correctly is that part 01:17:35.760 --> 01:17:38.790 align:start position:0% haven't spent it correctly is that part of<01:17:35.840> this<01:17:36.159> too<01:17:36.800> well 01:17:38.790 --> 01:17:38.800 align:start position:0% of this too well 01:17:38.800 --> 01:17:41.030 align:start position:0% of this too well i<01:17:38.960> think<01:17:39.360> that's<01:17:39.760> i<01:17:39.840> mean<01:17:40.400> it's<01:17:40.560> yet<01:17:40.719> to<01:17:40.880> be 01:17:41.030 --> 01:17:41.040 align:start position:0% i think that's i mean it's yet to be 01:17:41.040 --> 01:17:43.350 align:start position:0% i think that's i mean it's yet to be determined<01:17:41.520> what<01:17:41.760> that<01:17:42.000> process<01:17:42.400> will<01:17:42.640> be 01:17:43.350 --> 01:17:43.360 align:start position:0% determined what that process will be 01:17:43.360 --> 01:17:45.030 align:start position:0% determined what that process will be i<01:17:43.840> don't<01:17:43.920> know<01:17:44.080> jim<01:17:44.320> can<01:17:44.480> spend<01:17:44.640> some<01:17:44.800> weight 01:17:45.030 --> 01:17:45.040 align:start position:0% i don't know jim can spend some weight 01:17:45.040 --> 01:17:46.310 align:start position:0% i don't know jim can spend some weight on<01:17:45.120> it<01:17:45.199> but<01:17:45.360> that's<01:17:45.520> why<01:17:45.760> i<01:17:45.840> think<01:17:46.080> it's 01:17:46.310 --> 01:17:46.320 align:start position:0% on it but that's why i think it's 01:17:46.320 --> 01:17:47.669 align:start position:0% on it but that's why i think it's important<01:17:46.800> for<01:17:46.960> us 01:17:47.669 --> 01:17:47.679 align:start position:0% important for us 01:17:47.679 --> 01:17:50.870 align:start position:0% important for us to<01:17:48.239> to<01:17:48.560> stay<01:17:49.280> as<01:17:49.440> close<01:17:49.760> as<01:17:49.920> we<01:17:50.080> can<01:17:50.320> to<01:17:50.560> what 01:17:50.870 --> 01:17:50.880 align:start position:0% to to stay as close as we can to what 01:17:50.880 --> 01:17:54.310 align:start position:0% to to stay as close as we can to what the<01:17:51.040> guidance<01:17:51.520> being<01:17:51.840> provided<01:17:52.800> you<01:17:52.960> know<01:17:53.280> uh 01:17:54.310 --> 01:17:54.320 align:start position:0% the guidance being provided you know uh 01:17:54.320 --> 01:17:55.030 align:start position:0% the guidance being provided you know uh and 01:17:55.030 --> 01:17:55.040 align:start position:0% and 01:17:55.040 --> 01:17:56.550 align:start position:0% and you<01:17:55.120> know 01:17:56.550 --> 01:17:56.560 align:start position:0% you know 01:17:56.560 --> 01:17:58.310 align:start position:0% you know something<01:17:57.040> is<01:17:57.280> that's<01:17:57.520> black<01:17:57.760> and<01:17:57.920> white<01:17:58.159> and 01:17:58.310 --> 01:17:58.320 align:start position:0% something is that's black and white and 01:17:58.320 --> 01:18:00.149 align:start position:0% something is that's black and white and we<01:17:58.560> feel<01:17:58.800> that<01:17:58.960> that's<01:17:59.280> a<01:17:59.440> use<01:17:59.760> that<01:17:59.840> we<01:18:00.000> can 01:18:00.149 --> 01:18:00.159 align:start position:0% we feel that that's a use that we can 01:18:00.159 --> 01:18:02.390 align:start position:0% we feel that that's a use that we can use<01:18:00.320> it<01:18:00.480> in<01:18:00.640> this<01:18:00.880> paper<01:18:01.520> i<01:18:01.679> think<01:18:01.840> we<01:18:02.000> stick<01:18:02.239> to 01:18:02.390 --> 01:18:02.400 align:start position:0% use it in this paper i think we stick to 01:18:02.400 --> 01:18:05.189 align:start position:0% use it in this paper i think we stick to that<01:18:02.719> rather<01:18:03.040> than<01:18:03.600> trying<01:18:03.840> to<01:18:04.000> be<01:18:04.239> creative 01:18:05.189 --> 01:18:05.199 align:start position:0% that rather than trying to be creative 01:18:05.199 --> 01:18:07.110 align:start position:0% that rather than trying to be creative with<01:18:05.440> our<01:18:05.600> use<01:18:05.840> of<01:18:05.920> these<01:18:06.159> dollars<01:18:06.640> i<01:18:06.719> think<01:18:06.960> we 01:18:07.110 --> 01:18:07.120 align:start position:0% with our use of these dollars i think we 01:18:07.120 --> 01:18:10.470 align:start position:0% with our use of these dollars i think we try<01:18:07.360> to<01:18:07.920> adhere<01:18:08.320> to<01:18:08.800> the<01:18:09.040> uh 01:18:10.470 --> 01:18:10.480 align:start position:0% try to adhere to the uh 01:18:10.480 --> 01:18:12.470 align:start position:0% try to adhere to the uh uh<01:18:10.719> the<01:18:10.880> intent<01:18:11.360> what<01:18:11.520> you<01:18:11.679> try<01:18:11.920> to<01:18:12.080> do<01:18:12.239> is 01:18:12.470 --> 01:18:12.480 align:start position:0% uh the intent what you try to do is 01:18:12.480 --> 01:18:14.870 align:start position:0% uh the intent what you try to do is overspend<01:18:13.600> in<01:18:13.760> the<01:18:13.920> areas<01:18:14.320> that<01:18:14.480> they<01:18:14.640> think 01:18:14.870 --> 01:18:14.880 align:start position:0% overspend in the areas that they think 01:18:14.880 --> 01:18:16.190 align:start position:0% overspend in the areas that they think are<01:18:15.040> important 01:18:16.190 --> 01:18:16.200 align:start position:0% are important 01:18:16.200 --> 01:18:18.950 align:start position:0% are important [Laughter] 01:18:18.950 --> 01:18:18.960 align:start position:0% [Laughter] 01:18:18.960 --> 01:18:19.669 align:start position:0% [Laughter] now 01:18:19.669 --> 01:18:19.679 align:start position:0% now 01:18:19.679 --> 01:18:21.110 align:start position:0% now i'm<01:18:19.760> not<01:18:19.920> sure<01:18:20.080> if<01:18:20.159> that<01:18:20.400> those<01:18:20.640> are<01:18:20.719> the<01:18:20.800> right 01:18:21.110 --> 01:18:21.120 align:start position:0% i'm not sure if that those are the right 01:18:21.120 --> 01:18:22.630 align:start position:0% i'm not sure if that those are the right terms<01:18:21.679> yeah 01:18:22.630 --> 01:18:22.640 align:start position:0% terms yeah 01:18:22.640 --> 01:18:23.430 align:start position:0% terms yeah yeah 01:18:23.430 --> 01:18:23.440 align:start position:0% yeah 01:18:23.440 --> 01:18:25.189 align:start position:0% yeah but<01:18:23.679> still<01:18:24.080> i<01:18:24.159> think 01:18:25.189 --> 01:18:25.199 align:start position:0% but still i think 01:18:25.199 --> 01:18:28.229 align:start position:0% but still i think what<01:18:25.360> i<01:18:25.440> can<01:18:25.679> do<01:18:26.000> is<01:18:26.560> we<01:18:26.719> can<01:18:26.960> share<01:18:27.280> the<01:18:27.520> uh 01:18:28.229 --> 01:18:28.239 align:start position:0% what i can do is we can share the uh 01:18:28.239 --> 01:18:30.229 align:start position:0% what i can do is we can share the uh the<01:18:28.480> guidance<01:18:29.040> is<01:18:29.199> there<01:18:29.440> is<01:18:29.600> compliance 01:18:30.229 --> 01:18:30.239 align:start position:0% the guidance is there is compliance 01:18:30.239 --> 01:18:32.709 align:start position:0% the guidance is there is compliance reporting<01:18:30.719> guidance<01:18:31.199> which<01:18:31.440> gets<01:18:31.760> back<01:18:32.080> to 01:18:32.709 --> 01:18:32.719 align:start position:0% reporting guidance which gets back to 01:18:32.719 --> 01:18:34.950 align:start position:0% reporting guidance which gets back to that<01:18:32.880> to<01:18:33.040> your<01:18:33.280> point<01:18:33.520> of<01:18:33.679> view<01:18:34.239> that's<01:18:34.480> 34 01:18:34.950 --> 01:18:34.960 align:start position:0% that to your point of view that's 34 01:18:34.960 --> 01:18:36.950 align:start position:0% that to your point of view that's 34 pages 01:18:36.950 --> 01:18:36.960 align:start position:0% pages 01:18:36.960 --> 01:18:39.750 align:start position:0% pages i<01:18:37.040> just<01:18:37.199> might<01:18:37.440> add<01:18:37.840> with<01:18:38.000> that<01:18:38.480> ineligible 01:18:39.750 --> 01:18:39.760 align:start position:0% i just might add with that ineligible 01:18:39.760 --> 01:18:42.310 align:start position:0% i just might add with that ineligible expenditure<01:18:40.560> is 01:18:42.310 --> 01:18:42.320 align:start position:0% expenditure is 01:18:42.320 --> 01:18:43.990 align:start position:0% expenditure is a<01:18:42.400> consultant<01:18:43.199> to 01:18:43.990 --> 01:18:44.000 align:start position:0% a consultant to 01:18:44.000 --> 01:18:46.149 align:start position:0% a consultant to ensure<01:18:44.400> that<01:18:44.640> we're<01:18:45.120> compliant<01:18:45.760> with<01:18:46.000> our 01:18:46.149 --> 01:18:46.159 align:start position:0% ensure that we're compliant with our 01:18:46.159 --> 01:18:48.310 align:start position:0% ensure that we're compliant with our expenditures<01:18:47.120> i<01:18:47.280> know<01:18:47.520> many 01:18:48.310 --> 01:18:48.320 align:start position:0% expenditures i know many 01:18:48.320 --> 01:18:50.630 align:start position:0% expenditures i know many municipalities<01:18:49.360> are 01:18:50.630 --> 01:18:50.640 align:start position:0% municipalities are 01:18:50.640 --> 01:18:53.990 align:start position:0% municipalities are beginning<01:18:51.040> to<01:18:51.199> draft<01:18:51.840> rfps<01:18:52.560> rfqs<01:18:53.520> for<01:18:53.679> those 01:18:53.990 --> 01:18:54.000 align:start position:0% beginning to draft rfps rfqs for those 01:18:54.000 --> 01:18:57.030 align:start position:0% beginning to draft rfps rfqs for those types<01:18:54.320> of<01:18:54.400> services<01:18:55.440> so<01:18:55.679> it<01:18:55.760> may<01:18:55.920> be<01:18:56.159> something 01:18:57.030 --> 01:18:57.040 align:start position:0% types of services so it may be something 01:18:57.040 --> 01:18:58.950 align:start position:0% types of services so it may be something we<01:18:57.280> may<01:18:57.440> want<01:18:57.600> to<01:18:57.760> consider 01:18:58.950 --> 01:18:58.960 align:start position:0% we may want to consider 01:18:58.960 --> 01:19:01.350 align:start position:0% we may want to consider yeah<01:18:59.280> victor<01:18:59.600> you<01:18:59.679> had<01:18:59.840> a<01:18:59.920> question<01:19:00.239> yeah 01:19:01.350 --> 01:19:01.360 align:start position:0% yeah victor you had a question yeah 01:19:01.360 --> 01:19:03.750 align:start position:0% yeah victor you had a question yeah with<01:19:01.600> regard<01:19:02.000> to<01:19:02.320> economic<01:19:02.960> impact<01:19:03.440> i<01:19:03.600> know 01:19:03.750 --> 01:19:03.760 align:start position:0% with regard to economic impact i know 01:19:03.760 --> 01:19:06.390 align:start position:0% with regard to economic impact i know you've<01:19:04.159> sort<01:19:04.400> of<01:19:04.480> passed<01:19:04.800> over<01:19:05.040> that<01:19:05.679> but<01:19:06.159> from 01:19:06.390 --> 01:19:06.400 align:start position:0% you've sort of passed over that but from 01:19:06.400 --> 01:19:09.430 align:start position:0% you've sort of passed over that but from our<01:19:06.840> self-insured<01:19:07.679> um<01:19:08.320> medical<01:19:09.120> has<01:19:09.280> there 01:19:09.430 --> 01:19:09.440 align:start position:0% our self-insured um medical has there 01:19:09.440 --> 01:19:11.430 align:start position:0% our self-insured um medical has there been<01:19:09.600> a<01:19:09.760> spike<01:19:10.080> in<01:19:10.159> medical<01:19:10.560> costs<01:19:10.960> because<01:19:11.280> of 01:19:11.430 --> 01:19:11.440 align:start position:0% been a spike in medical costs because of 01:19:11.440 --> 01:19:13.669 align:start position:0% been a spike in medical costs because of coven 01:19:13.669 --> 01:19:13.679 align:start position:0% coven 01:19:13.679 --> 01:19:15.830 align:start position:0% coven actually<01:19:14.000> we<01:19:14.239> haven't<01:19:14.719> uh 01:19:15.830 --> 01:19:15.840 align:start position:0% actually we haven't uh 01:19:15.840 --> 01:19:19.430 align:start position:0% actually we haven't uh haven't<01:19:16.080> really<01:19:16.320> seen<01:19:16.560> that<01:19:16.800> victor<01:19:17.600> um 01:19:19.430 --> 01:19:19.440 align:start position:0% haven't really seen that victor um 01:19:19.440 --> 01:19:20.470 align:start position:0% haven't really seen that victor um you<01:19:19.520> know<01:19:19.679> if<01:19:19.760> any 01:19:20.470 --> 01:19:20.480 align:start position:0% you know if any 01:19:20.480 --> 01:19:22.790 align:start position:0% you know if any you<01:19:20.640> know<01:19:20.800> remember<01:19:21.199> also<01:19:21.600> that<01:19:21.920> uh<01:19:22.480> a<01:19:22.560> lot<01:19:22.719> of 01:19:22.790 --> 01:19:22.800 align:start position:0% you know remember also that uh a lot of 01:19:22.800 --> 01:19:24.870 align:start position:0% you know remember also that uh a lot of folks<01:19:22.960> were<01:19:23.120> staying<01:19:23.360> out<01:19:23.440> of<01:19:23.520> the<01:19:23.600> hospitals 01:19:24.870 --> 01:19:24.880 align:start position:0% folks were staying out of the hospitals 01:19:24.880 --> 01:19:27.430 align:start position:0% folks were staying out of the hospitals and<01:19:25.280> uh<01:19:25.520> for<01:19:25.760> example<01:19:26.080> in<01:19:26.239> the<01:19:26.320> current<01:19:26.560> year 01:19:27.430 --> 01:19:27.440 align:start position:0% and uh for example in the current year 01:19:27.440 --> 01:19:29.669 align:start position:0% and uh for example in the current year our<01:19:28.080> ambulance<01:19:28.640> revenues<01:19:29.040> are<01:19:29.199> lower<01:19:29.520> than 01:19:29.669 --> 01:19:29.679 align:start position:0% our ambulance revenues are lower than 01:19:29.679 --> 01:19:32.310 align:start position:0% our ambulance revenues are lower than they<01:19:30.239> were<01:19:30.480> in<01:19:30.640> other<01:19:30.880> years<01:19:31.280> i<01:19:31.440> think<01:19:31.920> people 01:19:32.310 --> 01:19:32.320 align:start position:0% they were in other years i think people 01:19:32.320 --> 01:19:34.870 align:start position:0% they were in other years i think people weren't<01:19:32.719> wanting<01:19:32.960> to<01:19:33.040> go<01:19:33.199> to<01:19:33.360> hospitals<01:19:34.000> so 01:19:34.870 --> 01:19:34.880 align:start position:0% weren't wanting to go to hospitals so 01:19:34.880 --> 01:19:36.550 align:start position:0% weren't wanting to go to hospitals so um 01:19:36.550 --> 01:19:36.560 align:start position:0% um 01:19:36.560 --> 01:19:38.630 align:start position:0% um you<01:19:36.719> know<01:19:36.960> and 01:19:38.630 --> 01:19:38.640 align:start position:0% you know and 01:19:38.640 --> 01:19:40.390 align:start position:0% you know and you<01:19:38.719> know<01:19:38.880> branford<01:19:39.280> hasn't<01:19:39.520> really<01:19:39.840> had<01:19:40.080> a 01:19:40.390 --> 01:19:40.400 align:start position:0% you know branford hasn't really had a 01:19:40.400 --> 01:19:42.470 align:start position:0% you know branford hasn't really had a huge<01:19:41.199> covered 01:19:42.470 --> 01:19:42.480 align:start position:0% huge covered 01:19:42.480 --> 01:19:44.709 align:start position:0% huge covered uh<01:19:43.040> spike<01:19:43.840> um 01:19:44.709 --> 01:19:44.719 align:start position:0% uh spike um 01:19:44.719 --> 01:19:46.070 align:start position:0% uh spike um and 01:19:46.070 --> 01:19:46.080 align:start position:0% and 01:19:46.080 --> 01:19:48.070 align:start position:0% and you<01:19:46.159> know<01:19:46.400> as<01:19:46.560> far<01:19:46.719> as<01:19:46.880> i'm<01:19:47.040> aware 01:19:48.070 --> 01:19:48.080 align:start position:0% you know as far as i'm aware 01:19:48.080 --> 01:19:49.750 align:start position:0% you know as far as i'm aware only<01:19:48.320> on<01:19:48.480> the<01:19:48.560> town<01:19:48.880> side<01:19:49.120> and<01:19:49.360> somewhat 01:19:49.750 --> 01:19:49.760 align:start position:0% only on the town side and somewhat 01:19:49.760 --> 01:19:51.030 align:start position:0% only on the town side and somewhat anecdotal 01:19:51.030 --> 01:19:51.040 align:start position:0% anecdotal 01:19:51.040 --> 01:19:52.149 align:start position:0% anecdotal is 01:19:52.149 --> 01:19:52.159 align:start position:0% is 01:19:52.159 --> 01:19:53.830 align:start position:0% is i'm<01:19:52.320> not<01:19:52.560> aware<01:19:52.800> of<01:19:52.960> a<01:19:53.040> lot<01:19:53.199> of<01:19:53.360> employees 01:19:53.830 --> 01:19:53.840 align:start position:0% i'm not aware of a lot of employees 01:19:53.840 --> 01:19:55.030 align:start position:0% i'm not aware of a lot of employees being<01:19:54.159> out 01:19:55.030 --> 01:19:55.040 align:start position:0% being out 01:19:55.040 --> 01:19:57.030 align:start position:0% being out for<01:19:55.199> cobia<01:19:55.520> related<01:19:55.920> things<01:19:56.159> or<01:19:56.400> quarantining 01:19:57.030 --> 01:19:57.040 align:start position:0% for cobia related things or quarantining 01:19:57.040 --> 01:19:58.550 align:start position:0% for cobia related things or quarantining because<01:19:57.280> they've<01:19:57.520> had<01:19:57.760> family<01:19:58.080> members<01:19:58.400> that 01:19:58.550 --> 01:19:58.560 align:start position:0% because they've had family members that 01:19:58.560 --> 01:19:59.830 align:start position:0% because they've had family members that have<01:19:58.640> had<01:19:58.880> it<01:19:58.960> doesn't<01:19:59.199> mean<01:19:59.360> it<01:19:59.440> didn't 01:19:59.830 --> 01:19:59.840 align:start position:0% have had it doesn't mean it didn't 01:19:59.840 --> 01:20:00.870 align:start position:0% have had it doesn't mean it didn't happen 01:20:00.870 --> 01:20:00.880 align:start position:0% happen 01:20:00.880 --> 01:20:03.510 align:start position:0% happen so<01:20:01.360> um 01:20:03.510 --> 01:20:03.520 align:start position:0% so um 01:20:03.520 --> 01:20:05.910 align:start position:0% so um i i<01:20:03.920> don't<01:20:04.000> think<01:20:04.239> it's<01:20:04.400> been<01:20:04.560> a<01:20:04.960> major<01:20:05.440> impact 01:20:05.910 --> 01:20:05.920 align:start position:0% i i don't think it's been a major impact 01:20:05.920 --> 01:20:07.830 align:start position:0% i i don't think it's been a major impact and<01:20:06.080> on<01:20:06.239> the<01:20:06.320> workers<01:20:06.639> comp<01:20:06.880> side<01:20:07.120> i<01:20:07.199> think 01:20:07.830 --> 01:20:07.840 align:start position:0% and on the workers comp side i think 01:20:07.840 --> 01:20:10.229 align:start position:0% and on the workers comp side i think we've<01:20:08.159> only<01:20:08.400> had<01:20:08.560> like<01:20:08.800> a<01:20:09.199> few<01:20:09.440> cases<01:20:09.920> there<01:20:10.159> as 01:20:10.229 --> 01:20:10.239 align:start position:0% we've only had like a few cases there as 01:20:10.239 --> 01:20:11.350 align:start position:0% we've only had like a few cases there as well 01:20:11.350 --> 01:20:11.360 align:start position:0% well 01:20:11.360 --> 01:20:12.550 align:start position:0% well so 01:20:12.550 --> 01:20:12.560 align:start position:0% so 01:20:12.560 --> 01:20:14.870 align:start position:0% so thanks<01:20:12.960> uh<01:20:13.520> thanks<01:20:13.840> jim<01:20:14.159> on<01:20:14.320> that<01:20:14.560> and<01:20:14.719> with 01:20:14.870 --> 01:20:14.880 align:start position:0% thanks uh thanks jim on that and with 01:20:14.880 --> 01:20:17.750 align:start position:0% thanks uh thanks jim on that and with regards<01:20:15.440> to<01:20:15.679> the<01:20:15.920> board<01:20:16.159> of<01:20:16.400> ed<01:20:16.719> did<01:20:17.120> they<01:20:17.360> also 01:20:17.750 --> 01:20:17.760 align:start position:0% regards to the board of ed did they also 01:20:17.760 --> 01:20:21.669 align:start position:0% regards to the board of ed did they also receive<01:20:18.480> these<01:20:18.880> types<01:20:19.199> of<01:20:19.360> funds 01:20:21.669 --> 01:20:21.679 align:start position:0% receive these types of funds 01:20:21.679 --> 01:20:23.189 align:start position:0% receive these types of funds yeah<01:20:22.080> uh 01:20:23.189 --> 01:20:23.199 align:start position:0% yeah uh 01:20:23.199 --> 01:20:25.270 align:start position:0% yeah uh that's<01:20:23.440> a<01:20:23.520> good<01:20:23.760> point<01:20:24.080> in<01:20:24.159> my<01:20:24.320> in<01:20:24.480> my<01:20:24.639> letter<01:20:24.960> i 01:20:25.270 --> 01:20:25.280 align:start position:0% that's a good point in my in my letter i 01:20:25.280 --> 01:20:27.669 align:start position:0% that's a good point in my in my letter i emphasize<01:20:25.920> that 01:20:27.669 --> 01:20:27.679 align:start position:0% emphasize that 01:20:27.679 --> 01:20:29.590 align:start position:0% emphasize that it<01:20:27.760> doesn't<01:20:28.080> include<01:20:28.400> the<01:20:28.480> board<01:20:28.719> of<01:20:28.880> ed 01:20:29.590 --> 01:20:29.600 align:start position:0% it doesn't include the board of ed 01:20:29.600 --> 01:20:32.070 align:start position:0% it doesn't include the board of ed uh<01:20:30.400> i'm<01:20:30.560> not<01:20:30.719> really<01:20:30.880> a<01:20:30.960> good<01:20:31.120> spokesman<01:20:31.920> for 01:20:32.070 --> 01:20:32.080 align:start position:0% uh i'm not really a good spokesman for 01:20:32.080 --> 01:20:33.990 align:start position:0% uh i'm not really a good spokesman for the<01:20:32.239> board<01:20:32.400> event<01:20:32.719> on<01:20:32.880> this<01:20:33.199> uh<01:20:33.679> you<01:20:33.760> know<01:20:33.920> the 01:20:33.990 --> 01:20:34.000 align:start position:0% the board event on this uh you know the 01:20:34.000 --> 01:20:35.350 align:start position:0% the board event on this uh you know the board<01:20:34.159> of<01:20:34.320> ed<01:20:34.480> has<01:20:34.560> gotten 01:20:35.350 --> 01:20:35.360 align:start position:0% board of ed has gotten 01:20:35.360 --> 01:20:37.030 align:start position:0% board of ed has gotten i<01:20:35.440> know<01:20:35.679> they've<01:20:35.840> gotten<01:20:36.080> dollars<01:20:36.560> over<01:20:36.800> the 01:20:37.030 --> 01:20:37.040 align:start position:0% i know they've gotten dollars over the 01:20:37.040 --> 01:20:37.990 align:start position:0% i know they've gotten dollars over the uh 01:20:37.990 --> 01:20:38.000 align:start position:0% uh 01:20:38.000 --> 01:20:41.110 align:start position:0% uh over<01:20:38.239> the<01:20:38.400> past<01:20:38.800> year<01:20:39.120> and<01:20:39.440> various<01:20:39.920> esser<01:20:40.719> uh 01:20:41.110 --> 01:20:41.120 align:start position:0% over the past year and various esser uh 01:20:41.120 --> 01:20:42.149 align:start position:0% over the past year and various esser uh programs 01:20:42.149 --> 01:20:42.159 align:start position:0% programs 01:20:42.159 --> 01:20:44.390 align:start position:0% programs but<01:20:42.320> in<01:20:42.480> terms<01:20:42.880> of<01:20:43.120> uh 01:20:44.390 --> 01:20:44.400 align:start position:0% but in terms of uh 01:20:44.400 --> 01:20:48.870 align:start position:0% but in terms of uh how<01:20:44.719> that<01:20:45.360> uh<01:20:46.320> is<01:20:46.560> being<01:20:46.800> spent<01:20:47.199> that<01:20:47.440> it<01:20:47.679> i 01:20:48.870 --> 01:20:48.880 align:start position:0% how that uh is being spent that it i 01:20:48.880 --> 01:20:49.510 align:start position:0% how that uh is being spent that it i do 01:20:49.510 --> 01:20:49.520 align:start position:0% do 01:20:49.520 --> 01:20:51.110 align:start position:0% do how<01:20:49.679> much<01:20:49.920> that<01:20:50.159> that<01:20:50.400> is<01:20:50.560> by<01:20:50.719> any<01:20:50.880> chance<01:20:51.040> i 01:20:51.110 --> 01:20:51.120 align:start position:0% how much that that is by any chance i 01:20:51.120 --> 01:20:53.430 align:start position:0% how much that that is by any chance i don't<01:20:51.440> i<01:20:51.760> i'd<01:20:52.320> have<01:20:52.400> to<01:20:52.560> try<01:20:52.719> to<01:20:52.880> look<01:20:53.120> it<01:20:53.280> up 01:20:53.430 --> 01:20:53.440 align:start position:0% don't i i'd have to try to look it up 01:20:53.440 --> 01:20:55.030 align:start position:0% don't i i'd have to try to look it up but<01:20:53.679> uh 01:20:55.030 --> 01:20:55.040 align:start position:0% but uh 01:20:55.040 --> 01:20:56.390 align:start position:0% but uh you<01:20:55.199> know<01:20:55.280> that<01:20:55.520> that's<01:20:55.760> something<01:20:56.080> i<01:20:56.239> could 01:20:56.390 --> 01:20:56.400 align:start position:0% you know that that's something i could 01:20:56.400 --> 01:20:58.790 align:start position:0% you know that that's something i could reach<01:20:56.639> out<01:20:56.800> to<01:20:57.040> the<01:20:57.120> schools<01:20:57.600> and<01:20:58.159> and<01:20:58.560> ask 01:20:58.790 --> 01:20:58.800 align:start position:0% reach out to the schools and and ask 01:20:58.800 --> 01:21:01.110 align:start position:0% reach out to the schools and and ask them<01:20:59.199> yeah<01:20:59.440> okay<01:20:59.760> why<01:20:59.920> don't<01:21:00.159> we<01:21:00.639> talk<01:21:00.880> about 01:21:01.110 --> 01:21:01.120 align:start position:0% them yeah okay why don't we talk about 01:21:01.120 --> 01:21:03.030 align:start position:0% them yeah okay why don't we talk about that<01:21:01.600> okay 01:21:03.030 --> 01:21:03.040 align:start position:0% that okay 01:21:03.040 --> 01:21:04.629 align:start position:0% that okay because<01:21:03.280> i'd<01:21:03.360> like<01:21:03.520> to<01:21:03.600> know<01:21:03.840> what<01:21:04.080> process 01:21:04.629 --> 01:21:04.639 align:start position:0% because i'd like to know what process 01:21:04.639 --> 01:21:08.070 align:start position:0% because i'd like to know what process they're<01:21:04.960> utilizing<01:21:05.679> as<01:21:05.840> well<01:21:06.159> if<01:21:06.320> we're 01:21:08.070 --> 01:21:08.080 align:start position:0% they're utilizing as well if we're 01:21:08.080 --> 01:21:10.310 align:start position:0% they're utilizing as well if we're utilizing<01:21:08.719> our 01:21:10.310 --> 01:21:10.320 align:start position:0% utilizing our 01:21:10.320 --> 01:21:13.750 align:start position:0% utilizing our standard<01:21:11.280> allocation<01:21:12.159> process<01:21:12.800> i 01:21:13.750 --> 01:21:13.760 align:start position:0% standard allocation process i 01:21:13.760 --> 01:21:14.870 align:start position:0% standard allocation process i would<01:21:13.920> hope<01:21:14.080> they're<01:21:14.239> doing<01:21:14.480> something 01:21:14.870 --> 01:21:14.880 align:start position:0% would hope they're doing something 01:21:14.880 --> 01:21:19.990 align:start position:0% would hope they're doing something similar 01:21:19.990 --> 01:21:20.000 align:start position:0% 01:21:20.000 --> 01:21:22.070 align:start position:0% but<01:21:20.239> either<01:21:20.560> i'll<01:21:20.800> reach<01:21:21.120> out<01:21:21.280> with<01:21:21.440> you<01:21:21.679> or 01:21:22.070 --> 01:21:22.080 align:start position:0% but either i'll reach out with you or 01:21:22.080 --> 01:21:25.510 align:start position:0% but either i'll reach out with you or directly<01:21:22.560> to<01:21:22.719> them<01:21:23.280> thank<01:21:23.520> you 01:21:25.510 --> 01:21:25.520 align:start position:0% directly to them thank you 01:21:25.520 --> 01:21:28.390 align:start position:0% directly to them thank you any<01:21:25.760> other<01:21:26.000> questions<01:21:26.480> for<01:21:26.800> jim<01:21:27.040> or<01:21:27.440> jamie<01:21:27.840> on 01:21:28.390 --> 01:21:28.400 align:start position:0% any other questions for jim or jamie on 01:21:28.400 --> 01:21:29.510 align:start position:0% any other questions for jim or jamie on this<01:21:28.719> is 01:21:29.510 --> 01:21:29.520 align:start position:0% this is 01:21:29.520 --> 01:21:33.790 align:start position:0% this is more<01:21:29.920> mainly<01:21:30.320> a<01:21:30.800> informational<01:21:31.840> item 01:21:33.790 --> 01:21:33.800 align:start position:0% more mainly a informational item 01:21:33.800 --> 01:21:35.350 align:start position:0% more mainly a informational item [Music] 01:21:35.350 --> 01:21:35.360 align:start position:0% [Music] 01:21:35.360 --> 01:21:38.390 align:start position:0% [Music] okay<01:21:36.159> thank<01:21:36.400> you<01:21:36.639> jim<01:21:37.120> jamie 01:21:38.390 --> 01:21:38.400 align:start position:0% okay thank you jim jamie 01:21:38.400 --> 01:21:41.110 align:start position:0% okay thank you jim jamie next<01:21:38.960> number<01:21:39.280> nine<01:21:39.679> is<01:21:39.840> to<01:21:40.000> discuss<01:21:40.400> a<01:21:40.560> plan<01:21:40.880> to 01:21:41.110 --> 01:21:41.120 align:start position:0% next number nine is to discuss a plan to 01:21:41.120 --> 01:21:43.430 align:start position:0% next number nine is to discuss a plan to issue<01:21:41.520> refunding<01:21:42.480> bonds<01:21:42.880> pursuant<01:21:43.280> to 01:21:43.430 --> 01:21:43.440 align:start position:0% issue refunding bonds pursuant to 01:21:43.440 --> 01:21:44.550 align:start position:0% issue refunding bonds pursuant to resolution 01:21:44.550 --> 01:21:44.560 align:start position:0% resolution 01:21:44.560 --> 01:21:47.430 align:start position:0% resolution adopted<01:21:45.040> earlier<01:21:45.440> this<01:21:45.679> year 01:21:47.430 --> 01:21:47.440 align:start position:0% adopted earlier this year 01:21:47.440 --> 01:21:51.669 align:start position:0% adopted earlier this year and<01:21:47.760> jim<01:21:48.000> has<01:21:48.480> provided<01:21:48.960> us<01:21:49.120> with<01:21:49.280> a 01:21:51.669 --> 01:21:51.679 align:start position:0% 01:21:51.679 --> 01:21:53.510 align:start position:0% fair<01:21:51.920> amount<01:21:52.080> of<01:21:52.159> detail<01:21:52.560> with<01:21:52.800> regards<01:21:53.280> to 01:21:53.510 --> 01:21:53.520 align:start position:0% fair amount of detail with regards to 01:21:53.520 --> 01:21:56.390 align:start position:0% fair amount of detail with regards to the<01:21:53.920> potential<01:21:54.400> bond<01:21:54.719> refunding 01:21:56.390 --> 01:21:56.400 align:start position:0% the potential bond refunding 01:21:56.400 --> 01:22:02.870 align:start position:0% the potential bond refunding so<01:21:57.040> jim<01:21:57.280> you<01:21:57.360> want<01:21:57.520> to<01:21:57.760> take<01:21:58.000> this<01:21:58.239> away 01:22:02.870 --> 01:22:02.880 align:start position:0% 01:22:02.880 --> 01:22:04.229 align:start position:0% probably<01:22:03.120> one<01:22:03.280> of<01:22:03.280> the<01:22:03.360> comments<01:22:03.760> i<01:22:03.840> made<01:22:04.159> on 01:22:04.229 --> 01:22:04.239 align:start position:0% probably one of the comments i made on 01:22:04.239 --> 01:22:06.470 align:start position:0% probably one of the comments i made on the<01:22:04.400> last<01:22:04.639> item<01:22:05.040> about<01:22:05.679> keeping<01:22:06.000> eyes<01:22:06.320> on 01:22:06.470 --> 01:22:06.480 align:start position:0% the last item about keeping eyes on 01:22:06.480 --> 01:22:08.390 align:start position:0% the last item about keeping eyes on washington<01:22:07.280> is<01:22:07.440> certainly 01:22:08.390 --> 01:22:08.400 align:start position:0% washington is certainly 01:22:08.400 --> 01:22:11.750 align:start position:0% washington is certainly appropriate<01:22:09.120> here<01:22:10.239> and<01:22:10.400> that<01:22:10.719> is<01:22:10.960> uh 01:22:11.750 --> 01:22:11.760 align:start position:0% appropriate here and that is uh 01:22:11.760 --> 01:22:14.229 align:start position:0% appropriate here and that is uh you<01:22:11.920> may<01:22:12.080> recall<01:22:12.480> last<01:22:12.800> february<01:22:13.360> when 01:22:14.229 --> 01:22:14.239 align:start position:0% you may recall last february when 01:22:14.239 --> 01:22:16.229 align:start position:0% you may recall last february when uh<01:22:14.639> the<01:22:14.800> board<01:22:14.960> of<01:22:15.120> finance 01:22:16.229 --> 01:22:16.239 align:start position:0% uh the board of finance 01:22:16.239 --> 01:22:18.550 align:start position:0% uh the board of finance approved<01:22:16.719> a<01:22:17.040> resolution<01:22:17.760> for<01:22:18.000> refunding 01:22:18.550 --> 01:22:18.560 align:start position:0% approved a resolution for refunding 01:22:18.560 --> 01:22:19.990 align:start position:0% approved a resolution for refunding bonds<01:22:18.880> which<01:22:19.040> was 01:22:19.990 --> 01:22:20.000 align:start position:0% bonds which was 01:22:20.000 --> 01:22:22.629 align:start position:0% bonds which was also<01:22:20.320> approved<01:22:20.719> by<01:22:20.880> the<01:22:21.040> rtm 01:22:22.629 --> 01:22:22.639 align:start position:0% also approved by the rtm 01:22:22.639 --> 01:22:25.030 align:start position:0% also approved by the rtm you<01:22:22.800> know<01:22:22.960> one<01:22:23.120> of<01:22:23.280> the<01:22:23.360> things<01:22:23.760> that<01:22:24.000> we<01:22:24.239> were 01:22:25.030 --> 01:22:25.040 align:start position:0% you know one of the things that we were 01:22:25.040 --> 01:22:28.790 align:start position:0% you know one of the things that we were contemplating<01:22:25.840> was<01:22:26.159> the<01:22:26.480> impact<01:22:27.440> of<01:22:28.239> changes 01:22:28.790 --> 01:22:28.800 align:start position:0% contemplating was the impact of changes 01:22:28.800 --> 01:22:29.830 align:start position:0% contemplating was the impact of changes to 01:22:29.830 --> 01:22:29.840 align:start position:0% to 01:22:29.840 --> 01:22:31.430 align:start position:0% to uh<01:22:30.239> tax<01:22:30.639> law 01:22:31.430 --> 01:22:31.440 align:start position:0% uh tax law 01:22:31.440 --> 01:22:33.030 align:start position:0% uh tax law allowing 01:22:33.030 --> 01:22:33.040 align:start position:0% allowing 01:22:33.040 --> 01:22:35.669 align:start position:0% allowing municipalities<01:22:33.920> governments<01:22:34.880> to<01:22:35.040> basically 01:22:35.669 --> 01:22:35.679 align:start position:0% municipalities governments to basically 01:22:35.679 --> 01:22:36.790 align:start position:0% municipalities governments to basically do 01:22:36.790 --> 01:22:36.800 align:start position:0% do 01:22:36.800 --> 01:22:39.350 align:start position:0% do advanced<01:22:37.280> refundings<01:22:38.159> and<01:22:38.239> just 01:22:39.350 --> 01:22:39.360 align:start position:0% advanced refundings and just 01:22:39.360 --> 01:22:42.229 align:start position:0% advanced refundings and just to<01:22:39.520> give<01:22:39.760> a<01:22:40.080> general<01:22:40.480> concept<01:22:40.880> of<01:22:41.040> that<01:22:41.679> is<01:22:42.080> an 01:22:42.229 --> 01:22:42.239 align:start position:0% to give a general concept of that is an 01:22:42.239 --> 01:22:46.950 align:start position:0% to give a general concept of that is an advance<01:22:42.560> refunding<01:22:43.199> occurs<01:22:43.679> when<01:22:43.840> you<01:22:44.000> refund 01:22:46.950 --> 01:22:46.960 align:start position:0% 01:22:46.960 --> 01:22:49.830 align:start position:0% outstanding<01:22:47.679> debt 01:22:49.830 --> 01:22:49.840 align:start position:0% outstanding debt 01:22:49.840 --> 01:22:51.590 align:start position:0% outstanding debt prior<01:22:50.239> to<01:22:50.400> 90<01:22:50.719> days 01:22:51.590 --> 01:22:51.600 align:start position:0% prior to 90 days 01:22:51.600 --> 01:22:53.350 align:start position:0% prior to 90 days outside<01:22:52.000> the<01:22:52.159> call<01:22:52.480> date 01:22:53.350 --> 01:22:53.360 align:start position:0% outside the call date 01:22:53.360 --> 01:22:54.870 align:start position:0% outside the call date and<01:22:53.520> so 01:22:54.870 --> 01:22:54.880 align:start position:0% and so 01:22:54.880 --> 01:22:57.830 align:start position:0% and so why<01:22:55.040> was<01:22:55.199> that<01:22:55.440> significant<01:22:56.000> well<01:22:56.400> because 01:22:57.830 --> 01:22:57.840 align:start position:0% why was that significant well because 01:22:57.840 --> 01:22:59.189 align:start position:0% why was that significant well because the<01:22:58.000> only<01:22:58.239> way<01:22:58.400> you<01:22:58.480> could<01:22:58.639> do<01:22:58.800> advanced 01:22:59.189 --> 01:22:59.199 align:start position:0% the only way you could do advanced 01:22:59.199 --> 01:23:01.189 align:start position:0% the only way you could do advanced refundings<01:22:59.840> is<01:22:59.920> if<01:23:00.080> you<01:23:00.239> sold<01:23:00.560> it<01:23:00.800> on<01:23:01.040> a 01:23:01.189 --> 01:23:01.199 align:start position:0% refundings is if you sold it on a 01:23:01.199 --> 01:23:04.310 align:start position:0% refundings is if you sold it on a taxable<01:23:01.760> basis<01:23:02.080> versus<01:23:02.480> tax<01:23:02.800> exempt<01:23:03.679> and<01:23:04.000> tax 01:23:04.310 --> 01:23:04.320 align:start position:0% taxable basis versus tax exempt and tax 01:23:04.320 --> 01:23:07.030 align:start position:0% taxable basis versus tax exempt and tax exempt<01:23:04.639> typically<01:23:05.280> sells<01:23:05.840> at<01:23:06.159> a 01:23:07.030 --> 01:23:07.040 align:start position:0% exempt typically sells at a 01:23:07.040 --> 01:23:08.950 align:start position:0% exempt typically sells at a lower<01:23:07.520> interest<01:23:08.000> rate 01:23:08.950 --> 01:23:08.960 align:start position:0% lower interest rate 01:23:08.960 --> 01:23:10.790 align:start position:0% lower interest rate than<01:23:09.280> taxable<01:23:09.920> so<01:23:10.080> if<01:23:10.239> you<01:23:10.320> could<01:23:10.400> do<01:23:10.480> a<01:23:10.560> tax 01:23:10.790 --> 01:23:10.800 align:start position:0% than taxable so if you could do a tax 01:23:10.800 --> 01:23:12.470 align:start position:0% than taxable so if you could do a tax exempt<01:23:11.199> deal 01:23:12.470 --> 01:23:12.480 align:start position:0% exempt deal 01:23:12.480 --> 01:23:15.110 align:start position:0% exempt deal you<01:23:12.639> would<01:23:12.800> have<01:23:13.040> more<01:23:13.360> savings 01:23:15.110 --> 01:23:15.120 align:start position:0% you would have more savings 01:23:15.120 --> 01:23:17.270 align:start position:0% you would have more savings at<01:23:15.199> the<01:23:15.360> time<01:23:15.679> we<01:23:15.920> discussed<01:23:16.480> it 01:23:17.270 --> 01:23:17.280 align:start position:0% at the time we discussed it 01:23:17.280 --> 01:23:20.229 align:start position:0% at the time we discussed it i<01:23:17.440> think<01:23:17.679> the<01:23:17.840> prevailing 01:23:20.229 --> 01:23:20.239 align:start position:0% i think the prevailing 01:23:20.239 --> 01:23:21.990 align:start position:0% i think the prevailing point<01:23:20.480> of<01:23:20.639> view<01:23:20.960> was 01:23:21.990 --> 01:23:22.000 align:start position:0% point of view was 01:23:22.000 --> 01:23:23.030 align:start position:0% point of view was that 01:23:23.030 --> 01:23:23.040 align:start position:0% that 01:23:23.040 --> 01:23:26.629 align:start position:0% that you<01:23:23.199> know<01:23:23.760> the<01:23:24.000> advocacy<01:23:24.719> groups<01:23:25.440> and 01:23:26.629 --> 01:23:26.639 align:start position:0% you know the advocacy groups and 01:23:26.639 --> 01:23:29.750 align:start position:0% you know the advocacy groups and other<01:23:27.199> washington<01:23:28.080> watchers 01:23:29.750 --> 01:23:29.760 align:start position:0% other washington watchers 01:23:29.760 --> 01:23:31.510 align:start position:0% other washington watchers gfoas<01:23:30.560> government<01:23:30.880> finance<01:23:31.280> officer 01:23:31.510 --> 01:23:31.520 align:start position:0% gfoas government finance officer 01:23:31.520 --> 01:23:33.189 align:start position:0% gfoas government finance officer associations<01:23:32.239> the 01:23:33.189 --> 01:23:33.199 align:start position:0% associations the 01:23:33.199 --> 01:23:35.430 align:start position:0% associations the uh<01:23:33.520> the<01:23:33.760> bond<01:23:34.080> lawyers<01:23:34.560> the 01:23:35.430 --> 01:23:35.440 align:start position:0% uh the bond lawyers the 01:23:35.440 --> 01:23:37.430 align:start position:0% uh the bond lawyers the financial<01:23:35.920> advisors 01:23:37.430 --> 01:23:37.440 align:start position:0% financial advisors 01:23:37.440 --> 01:23:39.590 align:start position:0% financial advisors and<01:23:37.600> others<01:23:38.320> um 01:23:39.590 --> 01:23:39.600 align:start position:0% and others um 01:23:39.600 --> 01:23:42.149 align:start position:0% and others um you<01:23:39.679> know<01:23:39.840> we're<01:23:40.000> basically<01:23:40.560> hopeful<01:23:41.040> that<01:23:41.280> uh 01:23:42.149 --> 01:23:42.159 align:start position:0% you know we're basically hopeful that uh 01:23:42.159 --> 01:23:43.750 align:start position:0% you know we're basically hopeful that uh that<01:23:42.400> this<01:23:42.639> would 01:23:43.750 --> 01:23:43.760 align:start position:0% that this would 01:23:43.760 --> 01:23:45.030 align:start position:0% that this would be<01:23:43.920> something<01:23:44.239> that<01:23:44.320> would<01:23:44.480> be<01:23:44.639> remedied 01:23:45.030 --> 01:23:45.040 align:start position:0% be something that would be remedied 01:23:45.040 --> 01:23:49.110 align:start position:0% be something that would be remedied because<01:23:45.679> it<01:23:45.760> seemed<01:23:46.000> to<01:23:46.080> be<01:23:46.239> a<01:23:46.320> high<01:23:46.560> priority 01:23:49.110 --> 01:23:49.120 align:start position:0% because it seemed to be a high priority 01:23:49.120 --> 01:23:51.590 align:start position:0% because it seemed to be a high priority the<01:23:49.600> infrastructure<01:23:50.239> bill 01:23:51.590 --> 01:23:51.600 align:start position:0% the infrastructure bill 01:23:51.600 --> 01:23:53.590 align:start position:0% the infrastructure bill did<01:23:51.760> not<01:23:52.320> provide<01:23:52.719> the<01:23:52.880> relief<01:23:53.199> that<01:23:53.280> was<01:23:53.440> one 01:23:53.590 --> 01:23:53.600 align:start position:0% did not provide the relief that was one 01:23:53.600 --> 01:23:55.350 align:start position:0% did not provide the relief that was one of the<01:23:53.679> things<01:23:53.920> we<01:23:54.080> were<01:23:54.239> waiting<01:23:54.639> for 01:23:55.350 --> 01:23:55.360 align:start position:0% of the things we were waiting for 01:23:55.360 --> 01:23:56.950 align:start position:0% of the things we were waiting for as<01:23:55.520> you<01:23:55.679> know<01:23:55.840> from<01:23:56.000> watching<01:23:56.400> the<01:23:56.560> news 01:23:56.950 --> 01:23:56.960 align:start position:0% as you know from watching the news 01:23:56.960 --> 01:23:57.830 align:start position:0% as you know from watching the news they're 01:23:57.830 --> 01:23:57.840 align:start position:0% they're 01:23:57.840 --> 01:24:01.030 align:start position:0% they're engaged<01:23:58.400> in<01:23:58.480> their<01:23:58.639> budget<01:23:59.040> process<01:23:59.520> now 01:24:01.030 --> 01:24:01.040 align:start position:0% engaged in their budget process now 01:24:01.040 --> 01:24:02.470 align:start position:0% engaged in their budget process now know the<01:24:01.199> federal<01:24:01.520> budget<01:24:01.760> year<01:24:02.080> starts 01:24:02.470 --> 01:24:02.480 align:start position:0% know the federal budget year starts 01:24:02.480 --> 01:24:04.950 align:start position:0% know the federal budget year starts october<01:24:03.040> 1st<01:24:03.520> that's<01:24:03.760> not<01:24:04.320> i'm<01:24:04.639> gonna<01:24:04.800> miss 01:24:04.950 --> 01:24:04.960 align:start position:0% october 1st that's not i'm gonna miss 01:24:04.960 --> 01:24:07.590 align:start position:0% october 1st that's not i'm gonna miss this<01:24:05.120> deadline<01:24:05.520> this<01:24:05.679> year<01:24:05.920> i<01:24:06.000> think<01:24:06.320> and<01:24:06.560> uh 01:24:07.590 --> 01:24:07.600 align:start position:0% this deadline this year i think and uh 01:24:07.600 --> 01:24:09.590 align:start position:0% this deadline this year i think and uh but<01:24:08.320> you<01:24:08.400> know<01:24:08.639> currently 01:24:09.590 --> 01:24:09.600 align:start position:0% but you know currently 01:24:09.600 --> 01:24:12.550 align:start position:0% but you know currently uh<01:24:10.320> on<01:24:10.480> the<01:24:10.639> house<01:24:10.960> side<01:24:11.280> there<01:24:11.520> is<01:24:11.679> uh<01:24:12.320> there 01:24:12.550 --> 01:24:12.560 align:start position:0% uh on the house side there is uh there 01:24:12.560 --> 01:24:14.550 align:start position:0% uh on the house side there is uh there is<01:24:12.719> a<01:24:12.800> bill<01:24:13.040> i<01:24:13.199> believe<01:24:13.520> is<01:24:13.679> sponsored<01:24:14.000> by<01:24:14.239> a 01:24:14.550 --> 01:24:14.560 align:start position:0% is a bill i believe is sponsored by a 01:24:14.560 --> 01:24:16.629 align:start position:0% is a bill i believe is sponsored by a gentleman<01:24:14.960> from<01:24:15.199> massachusetts 01:24:16.629 --> 01:24:16.639 align:start position:0% gentleman from massachusetts 01:24:16.639 --> 01:24:18.550 align:start position:0% gentleman from massachusetts uh<01:24:17.040> to<01:24:17.199> restore<01:24:17.679> these 01:24:18.550 --> 01:24:18.560 align:start position:0% uh to restore these 01:24:18.560 --> 01:24:19.430 align:start position:0% uh to restore these um 01:24:19.430 --> 01:24:19.440 align:start position:0% um 01:24:19.440 --> 01:24:21.430 align:start position:0% um but<01:24:19.679> as<01:24:20.080> you<01:24:20.159> know<01:24:20.320> in<01:24:20.480> that<01:24:20.639> process<01:24:21.280> the 01:24:21.430 --> 01:24:21.440 align:start position:0% but as you know in that process the 01:24:21.440 --> 01:24:22.950 align:start position:0% but as you know in that process the house<01:24:21.760> has<01:24:21.920> to<01:24:22.080> kind<01:24:22.239> of 01:24:22.950 --> 01:24:22.960 align:start position:0% house has to kind of 01:24:22.960 --> 01:24:24.390 align:start position:0% house has to kind of uh<01:24:23.280> figure<01:24:23.600> out 01:24:24.390 --> 01:24:24.400 align:start position:0% uh figure out 01:24:24.400 --> 01:24:26.229 align:start position:0% uh figure out where<01:24:24.560> they're<01:24:24.800> going<01:24:24.880> to<01:24:25.040> land<01:24:25.360> and<01:24:25.520> you<01:24:26.000> you 01:24:26.229 --> 01:24:26.239 align:start position:0% where they're going to land and you you 01:24:26.239 --> 01:24:29.750 align:start position:0% where they're going to land and you you read<01:24:26.400> the<01:24:26.800> same<01:24:27.040> news<01:24:27.280> reports<01:24:27.760> we<01:24:27.920> do 01:24:29.750 --> 01:24:29.760 align:start position:0% read the same news reports we do 01:24:29.760 --> 01:24:31.430 align:start position:0% read the same news reports we do there's 01:24:31.430 --> 01:24:31.440 align:start position:0% there's 01:24:31.440 --> 01:24:33.270 align:start position:0% there's groups<01:24:31.840> within<01:24:32.239> the<01:24:32.400> house<01:24:32.639> that<01:24:33.040> have 01:24:33.270 --> 01:24:33.280 align:start position:0% groups within the house that have 01:24:33.280 --> 01:24:35.110 align:start position:0% groups within the house that have different<01:24:33.520> positions<01:24:34.080> on<01:24:34.320> this<01:24:34.560> whether<01:24:34.880> the 01:24:35.110 --> 01:24:35.120 align:start position:0% different positions on this whether the 01:24:35.120 --> 01:24:37.110 align:start position:0% different positions on this whether the size 01:24:37.110 --> 01:24:37.120 align:start position:0% size 01:24:37.120 --> 01:24:38.310 align:start position:0% size and<01:24:37.199> the<01:24:37.360> scope 01:24:38.310 --> 01:24:38.320 align:start position:0% and the scope 01:24:38.320 --> 01:24:40.870 align:start position:0% and the scope and<01:24:38.480> so<01:24:39.199> that<01:24:39.360> has<01:24:39.600> to<01:24:39.760> play<01:24:40.000> out 01:24:40.870 --> 01:24:40.880 align:start position:0% and so that has to play out 01:24:40.880 --> 01:24:42.310 align:start position:0% and so that has to play out and<01:24:41.120> then 01:24:42.310 --> 01:24:42.320 align:start position:0% and then 01:24:42.320 --> 01:24:43.870 align:start position:0% and then the<01:24:42.480> senate<01:24:43.120> there<01:24:43.360> has<01:24:43.520> to<01:24:43.600> be<01:24:43.679> that 01:24:43.870 --> 01:24:43.880 align:start position:0% the senate there has to be that 01:24:43.880 --> 01:24:46.790 align:start position:0% the senate there has to be that reconciliation<01:24:44.880> process<01:24:45.360> so 01:24:46.790 --> 01:24:46.800 align:start position:0% reconciliation process so 01:24:46.800 --> 01:24:48.229 align:start position:0% reconciliation process so this<01:24:47.040> thing<01:24:47.280> is<01:24:47.440> gonna 01:24:48.229 --> 01:24:48.239 align:start position:0% this thing is gonna 01:24:48.239 --> 01:24:49.669 align:start position:0% this thing is gonna either 01:24:49.669 --> 01:24:49.679 align:start position:0% either 01:24:49.679 --> 01:24:51.510 align:start position:0% either you<01:24:49.760> know<01:24:49.920> we'll<01:24:50.080> know<01:24:50.320> or<01:24:50.480> not<01:24:50.719> no<01:24:50.960> or<01:24:51.440> you 01:24:51.510 --> 01:24:51.520 align:start position:0% you know we'll know or not no or you 01:24:51.520 --> 01:24:52.709 align:start position:0% you know we'll know or not no or you know<01:24:51.679> in<01:24:51.840> the<01:24:51.920> next 01:24:52.709 --> 01:24:52.719 align:start position:0% know in the next 01:24:52.719 --> 01:24:56.070 align:start position:0% know in the next few<01:24:53.040> weeks<01:24:53.840> uh<01:24:54.159> potentially 01:24:56.070 --> 01:24:56.080 align:start position:0% few weeks uh potentially 01:24:56.080 --> 01:24:57.189 align:start position:0% few weeks uh potentially and 01:24:57.189 --> 01:24:57.199 align:start position:0% and 01:24:57.199 --> 01:24:59.510 align:start position:0% and you<01:24:57.280> know 01:24:59.510 --> 01:24:59.520 align:start position:0% you know 01:24:59.520 --> 01:25:01.669 align:start position:0% you know one<01:24:59.760> of<01:24:59.840> the<01:25:00.000> things<01:25:00.320> i<01:25:00.400> think<01:25:00.560> that 01:25:01.669 --> 01:25:01.679 align:start position:0% one of the things i think that 01:25:01.679 --> 01:25:04.390 align:start position:0% one of the things i think that we're<01:25:01.920> looking<01:25:02.239> at<01:25:02.880> is<01:25:03.199> that<01:25:03.760> you<01:25:03.920> know<01:25:04.239> while 01:25:04.390 --> 01:25:04.400 align:start position:0% we're looking at is that you know while 01:25:04.400 --> 01:25:05.910 align:start position:0% we're looking at is that you know while this<01:25:04.719> well<01:25:04.960> folks<01:25:05.199> may<01:25:05.360> be<01:25:05.440> still<01:25:05.679> trying<01:25:05.840> to 01:25:05.910 --> 01:25:05.920 align:start position:0% this well folks may be still trying to 01:25:05.920 --> 01:25:08.070 align:start position:0% this well folks may be still trying to run<01:25:06.080> the<01:25:06.239> clock<01:25:06.480> on<01:25:06.639> this<01:25:06.800> one<01:25:07.440> the<01:25:07.679> question 01:25:08.070 --> 01:25:08.080 align:start position:0% run the clock on this one the question 01:25:08.080 --> 01:25:09.189 align:start position:0% run the clock on this one the question is<01:25:08.239> do<01:25:08.480> we 01:25:09.189 --> 01:25:09.199 align:start position:0% is do we 01:25:09.199 --> 01:25:10.550 align:start position:0% is do we at<01:25:09.360> this<01:25:09.600> point 01:25:10.550 --> 01:25:10.560 align:start position:0% at this point 01:25:10.560 --> 01:25:13.590 align:start position:0% at this point uh<01:25:10.960> move<01:25:11.280> forward<01:25:12.239> and<01:25:12.719> i<01:25:12.880> know<01:25:13.040> it's<01:25:13.199> a<01:25:13.280> trite 01:25:13.590 --> 01:25:13.600 align:start position:0% uh move forward and i know it's a trite 01:25:13.600 --> 01:25:14.870 align:start position:0% uh move forward and i know it's a trite expression<01:25:14.159> but 01:25:14.870 --> 01:25:14.880 align:start position:0% expression but 01:25:14.880 --> 01:25:17.030 align:start position:0% expression but i<01:25:15.040> think<01:25:15.199> it<01:25:15.360> even<01:25:15.600> came<01:25:15.840> up<01:25:16.000> in<01:25:16.639> one<01:25:16.800> of<01:25:16.880> the 01:25:17.030 --> 01:25:17.040 align:start position:0% i think it even came up in one of the 01:25:17.040 --> 01:25:18.629 align:start position:0% i think it even came up in one of the approval<01:25:17.520> processes<01:25:18.080> i<01:25:18.159> think<01:25:18.320> it<01:25:18.400> was 01:25:18.629 --> 01:25:18.639 align:start position:0% approval processes i think it was 01:25:18.639 --> 01:25:20.709 align:start position:0% approval processes i think it was probably<01:25:19.040> an<01:25:19.199> rtm<01:25:19.679> committee<01:25:20.080> it's<01:25:20.400> it's<01:25:20.560> kind 01:25:20.709 --> 01:25:20.719 align:start position:0% probably an rtm committee it's it's kind 01:25:20.719 --> 01:25:22.149 align:start position:0% probably an rtm committee it's it's kind of<01:25:20.800> the<01:25:20.880> burden<01:25:21.199> of<01:25:21.280> hand<01:25:21.440> to<01:25:21.679> in<01:25:21.760> the<01:25:21.840> bush 01:25:22.149 --> 01:25:22.159 align:start position:0% of the burden of hand to in the bush 01:25:22.159 --> 01:25:25.270 align:start position:0% of the burden of hand to in the bush argument<01:25:22.719> right<01:25:23.120> so<01:25:23.360> if<01:25:23.520> you<01:25:23.679> can<01:25:24.320> if<01:25:24.480> you<01:25:24.719> know 01:25:25.270 --> 01:25:25.280 align:start position:0% argument right so if you can if you know 01:25:25.280 --> 01:25:27.510 align:start position:0% argument right so if you can if you know that<01:25:25.440> you<01:25:25.600> have<01:25:25.920> savings<01:25:26.400> that<01:25:26.480> you<01:25:26.639> can<01:25:27.280> do 01:25:27.510 --> 01:25:27.520 align:start position:0% that you have savings that you can do 01:25:27.520 --> 01:25:28.390 align:start position:0% that you have savings that you can do now 01:25:28.390 --> 01:25:28.400 align:start position:0% now 01:25:28.400 --> 01:25:30.470 align:start position:0% now you<01:25:28.480> know<01:25:29.199> maybe<01:25:29.440> you<01:25:29.520> should<01:25:29.760> consider<01:25:30.239> doing 01:25:30.470 --> 01:25:30.480 align:start position:0% you know maybe you should consider doing 01:25:30.480 --> 01:25:31.510 align:start position:0% you know maybe you should consider doing that 01:25:31.510 --> 01:25:31.520 align:start position:0% that 01:25:31.520 --> 01:25:33.430 align:start position:0% that and<01:25:31.600> when<01:25:31.760> we<01:25:31.840> talk<01:25:32.000> about<01:25:32.239> savings 01:25:33.430 --> 01:25:33.440 align:start position:0% and when we talk about savings 01:25:33.440 --> 01:25:34.629 align:start position:0% and when we talk about savings you<01:25:33.520> know<01:25:33.679> i<01:25:33.760> think 01:25:34.629 --> 01:25:34.639 align:start position:0% you know i think 01:25:34.639 --> 01:25:36.550 align:start position:0% you know i think i<01:25:34.800> want<01:25:34.960> to<01:25:35.120> emphasize<01:25:35.600> the<01:25:35.679> broader<01:25:36.080> context 01:25:36.550 --> 01:25:36.560 align:start position:0% i want to emphasize the broader context 01:25:36.560 --> 01:25:37.910 align:start position:0% i want to emphasize the broader context and<01:25:36.719> that<01:25:36.960> is<01:25:37.120> that 01:25:37.910 --> 01:25:37.920 align:start position:0% and that is that 01:25:37.920 --> 01:25:40.070 align:start position:0% and that is that you<01:25:38.080> know<01:25:38.239> the<01:25:38.320> town<01:25:38.560> of<01:25:38.639> brantford<01:25:39.280> uh<01:25:39.920> has 01:25:40.070 --> 01:25:40.080 align:start position:0% you know the town of brantford uh has 01:25:40.080 --> 01:25:41.510 align:start position:0% you know the town of brantford uh has done<01:25:40.320> a<01:25:40.400> number<01:25:40.560> of<01:25:40.639> refundings<01:25:41.199> over<01:25:41.440> the 01:25:41.510 --> 01:25:41.520 align:start position:0% done a number of refundings over the 01:25:41.520 --> 01:25:43.270 align:start position:0% done a number of refundings over the years<01:25:42.320> uh 01:25:43.270 --> 01:25:43.280 align:start position:0% years uh 01:25:43.280 --> 01:25:45.350 align:start position:0% years uh whenever<01:25:43.679> it<01:25:43.760> makes<01:25:44.080> sense<01:25:44.400> to<01:25:44.560> do 01:25:45.350 --> 01:25:45.360 align:start position:0% whenever it makes sense to do 01:25:45.360 --> 01:25:48.070 align:start position:0% whenever it makes sense to do uh<01:25:45.760> we've<01:25:46.080> done<01:25:46.320> we<01:25:46.719> even<01:25:47.199> refunded<01:25:47.760> the<01:25:47.840> clean 01:25:48.070 --> 01:25:48.080 align:start position:0% uh we've done we even refunded the clean 01:25:48.080 --> 01:25:49.910 align:start position:0% uh we've done we even refunded the clean water<01:25:48.400> fund<01:25:48.560> that<01:25:48.880> and<01:25:48.960> then<01:25:49.360> the<01:25:49.440> state<01:25:49.679> sent 01:25:49.910 --> 01:25:49.920 align:start position:0% water fund that and then the state sent 01:25:49.920 --> 01:25:52.229 align:start position:0% water fund that and then the state sent the<01:25:50.000> letter<01:25:50.239> out<01:25:50.480> basically 01:25:52.229 --> 01:25:52.239 align:start position:0% the letter out basically 01:25:52.239 --> 01:25:54.709 align:start position:0% the letter out basically sort<01:25:52.400> of<01:25:52.840> restricting<01:25:53.760> uh<01:25:54.159> that<01:25:54.480> in<01:25:54.639> the 01:25:54.709 --> 01:25:54.719 align:start position:0% sort of restricting uh that in the 01:25:54.719 --> 01:25:55.830 align:start position:0% sort of restricting uh that in the future 01:25:55.830 --> 01:25:55.840 align:start position:0% future 01:25:55.840 --> 01:25:56.629 align:start position:0% future um 01:25:56.629 --> 01:25:56.639 align:start position:0% um 01:25:56.639 --> 01:25:57.990 align:start position:0% um and<01:25:56.960> uh 01:25:57.990 --> 01:25:58.000 align:start position:0% and uh 01:25:58.000 --> 01:26:00.149 align:start position:0% and uh and<01:25:58.159> we've<01:25:58.400> always<01:25:58.719> sold<01:25:59.040> debt<01:25:59.679> you<01:25:59.760> know<01:25:59.920> most 01:26:00.149 --> 01:26:00.159 align:start position:0% and we've always sold debt you know most 01:26:00.159 --> 01:26:01.510 align:start position:0% and we've always sold debt you know most of<01:26:00.239> the<01:26:00.320> outstanding<01:26:00.800> debt<01:26:00.960> that's<01:26:01.199> on<01:26:01.360> there 01:26:01.510 --> 01:26:01.520 align:start position:0% of the outstanding debt that's on there 01:26:01.520 --> 01:26:03.110 align:start position:0% of the outstanding debt that's on there now<01:26:01.760> was<01:26:02.080> i<01:26:02.159> think<01:26:02.400> probably<01:26:02.639> all<01:26:02.800> of<01:26:02.880> it<01:26:02.960> was 01:26:03.110 --> 01:26:03.120 align:start position:0% now was i think probably all of it was 01:26:03.120 --> 01:26:05.110 align:start position:0% now was i think probably all of it was when<01:26:03.280> the<01:26:03.360> town<01:26:03.520> was<01:26:03.679> triple<01:26:04.000> a<01:26:04.159> so 01:26:05.110 --> 01:26:05.120 align:start position:0% when the town was triple a so 01:26:05.120 --> 01:26:06.629 align:start position:0% when the town was triple a so whenever<01:26:05.440> the<01:26:05.600> town<01:26:05.840> enters<01:26:06.159> the<01:26:06.239> market 01:26:06.629 --> 01:26:06.639 align:start position:0% whenever the town enters the market 01:26:06.639 --> 01:26:07.750 align:start position:0% whenever the town enters the market they're<01:26:06.800> going<01:26:06.880> to<01:26:06.960> get<01:26:07.040> the<01:26:07.120> most<01:26:07.360> favorable 01:26:07.750 --> 01:26:07.760 align:start position:0% they're going to get the most favorable 01:26:07.760 --> 01:26:10.390 align:start position:0% they're going to get the most favorable rates<01:26:08.080> based<01:26:08.400> on<01:26:08.639> our<01:26:09.199> on<01:26:09.440> our<01:26:09.679> bond<01:26:09.920> rating<01:26:10.239> so 01:26:10.390 --> 01:26:10.400 align:start position:0% rates based on our on our bond rating so 01:26:10.400 --> 01:26:13.189 align:start position:0% rates based on our on our bond rating so that<01:26:10.560> would<01:26:10.719> give<01:26:10.880> us<01:26:11.040> low<01:26:11.360> rates<01:26:12.159> tax<01:26:12.400> exempt 01:26:13.189 --> 01:26:13.199 align:start position:0% that would give us low rates tax exempt 01:26:13.199 --> 01:26:14.870 align:start position:0% that would give us low rates tax exempt rates<01:26:13.520> are<01:26:13.600> lower<01:26:13.920> than 01:26:14.870 --> 01:26:14.880 align:start position:0% rates are lower than 01:26:14.880 --> 01:26:16.550 align:start position:0% rates are lower than corporate<01:26:15.280> borrowing<01:26:15.679> rates 01:26:16.550 --> 01:26:16.560 align:start position:0% corporate borrowing rates 01:26:16.560 --> 01:26:18.310 align:start position:0% corporate borrowing rates and<01:26:16.960> uh 01:26:18.310 --> 01:26:18.320 align:start position:0% and uh 01:26:18.320 --> 01:26:20.390 align:start position:0% and uh and<01:26:18.880> when<01:26:19.040> the<01:26:19.280> interest<01:26:19.600> rates 01:26:20.390 --> 01:26:20.400 align:start position:0% and when the interest rates 01:26:20.400 --> 01:26:22.550 align:start position:0% and when the interest rates move<01:26:20.639> in<01:26:20.800> our<01:26:20.880> favor<01:26:21.199> we<01:26:21.360> do<01:26:22.000> we've<01:26:22.400> done 01:26:22.550 --> 01:26:22.560 align:start position:0% move in our favor we do we've done 01:26:22.560 --> 01:26:24.229 align:start position:0% move in our favor we do we've done refundings<01:26:23.120> we've<01:26:23.280> done 01:26:24.229 --> 01:26:24.239 align:start position:0% refundings we've done 01:26:24.239 --> 01:26:26.470 align:start position:0% refundings we've done uh<01:26:24.639> advanced<01:26:25.040> refundings 01:26:26.470 --> 01:26:26.480 align:start position:0% uh advanced refundings 01:26:26.480 --> 01:26:28.390 align:start position:0% uh advanced refundings uh<01:26:26.880> in<01:26:26.960> the<01:26:27.199> past<01:26:27.600> when<01:26:27.760> they<01:26:27.920> when<01:26:28.080> they<01:26:28.239> are 01:26:28.390 --> 01:26:28.400 align:start position:0% uh in the past when they when they are 01:26:28.400 --> 01:26:29.990 align:start position:0% uh in the past when they when they are allowable 01:26:29.990 --> 01:26:30.000 align:start position:0% allowable 01:26:30.000 --> 01:26:32.149 align:start position:0% allowable so<01:26:30.400> this<01:26:30.639> is<01:26:30.719> really<01:26:30.960> sort<01:26:31.120> of<01:26:31.280> that<01:26:31.840> last 01:26:32.149 --> 01:26:32.159 align:start position:0% so this is really sort of that last 01:26:32.159 --> 01:26:34.830 align:start position:0% so this is really sort of that last level<01:26:32.480> of<01:26:32.639> optimization<01:26:33.360> in<01:26:33.520> a<01:26:33.600> way 01:26:34.830 --> 01:26:34.840 align:start position:0% level of optimization in a way 01:26:34.840 --> 01:26:36.629 align:start position:0% level of optimization in a way and 01:26:36.629 --> 01:26:36.639 align:start position:0% and 01:26:36.639 --> 01:26:38.149 align:start position:0% and the<01:26:36.880> the<01:26:37.040> money<01:26:37.280> that 01:26:38.149 --> 01:26:38.159 align:start position:0% the the money that 01:26:38.159 --> 01:26:40.070 align:start position:0% the the money that that<01:26:38.320> we're<01:26:38.480> giving<01:26:38.800> up<01:26:38.880> we<01:26:39.040> could<01:26:39.280> actually 01:26:40.070 --> 01:26:40.080 align:start position:0% that we're giving up we could actually 01:26:40.080 --> 01:26:41.990 align:start position:0% that we're giving up we could actually kind<01:26:40.239> of<01:26:40.400> make<01:26:40.639> back<01:26:41.120> by<01:26:41.440> shortening<01:26:41.840> the 01:26:41.990 --> 01:26:42.000 align:start position:0% kind of make back by shortening the 01:26:42.000 --> 01:26:43.189 align:start position:0% kind of make back by shortening the maturity<01:26:42.480> so 01:26:43.189 --> 01:26:43.199 align:start position:0% maturity so 01:26:43.199 --> 01:26:45.590 align:start position:0% maturity so i<01:26:43.440> i<01:26:43.520> think<01:26:43.760> probably<01:26:44.080> a<01:26:44.159> good<01:26:44.320> place<01:26:44.560> to<01:26:44.719> go<01:26:45.280> is 01:26:45.590 --> 01:26:45.600 align:start position:0% i i think probably a good place to go is 01:26:45.600 --> 01:26:46.310 align:start position:0% i i think probably a good place to go is uh 01:26:46.310 --> 01:26:46.320 align:start position:0% uh 01:26:46.320 --> 01:26:47.910 align:start position:0% uh is<01:26:46.480> what<01:26:46.639> is<01:26:46.800> the<01:26:46.880> worksheet<01:26:47.280> that<01:26:47.440> looks<01:26:47.679> like 01:26:47.910 --> 01:26:47.920 align:start position:0% is what is the worksheet that looks like 01:26:47.920 --> 01:26:54.790 align:start position:0% is what is the worksheet that looks like this<01:26:48.159> says<01:26:48.480> a<01:26:48.560> range<01:26:48.880> of<01:26:49.280> refunding<01:26:49.840> options 01:26:54.790 --> 01:26:54.800 align:start position:0% 01:26:54.800 --> 01:26:56.629 align:start position:0% and<01:26:54.960> when<01:26:55.199> you<01:26:55.280> look<01:26:55.440> at<01:26:55.600> that<01:26:55.760> i<01:26:56.080> just<01:26:56.320> label 01:26:56.629 --> 01:26:56.639 align:start position:0% and when you look at that i just label 01:26:56.639 --> 01:26:59.270 align:start position:0% and when you look at that i just label these<01:26:56.960> a<01:26:57.280> b<01:26:57.520> and<01:26:57.760> c 01:26:59.270 --> 01:26:59.280 align:start position:0% these a b and c 01:26:59.280 --> 01:27:00.470 align:start position:0% these a b and c now 01:27:00.470 --> 01:27:00.480 align:start position:0% now 01:27:00.480 --> 01:27:02.229 align:start position:0% now the 01:27:02.229 --> 01:27:02.239 align:start position:0% the 01:27:02.239 --> 01:27:04.709 align:start position:0% the as<01:27:02.400> i<01:27:02.560> said<01:27:02.719> earlier<01:27:03.120> the<01:27:03.760> the<01:27:04.000> ability<01:27:04.320> to<01:27:04.480> do 01:27:04.709 --> 01:27:04.719 align:start position:0% as i said earlier the the ability to do 01:27:04.719 --> 01:27:06.709 align:start position:0% as i said earlier the the ability to do advanced<01:27:05.120> refundings 01:27:06.709 --> 01:27:06.719 align:start position:0% advanced refundings 01:27:06.719 --> 01:27:08.709 align:start position:0% advanced refundings currently<01:27:07.040> does<01:27:07.199> not<01:27:07.520> exist<01:27:08.320> you<01:27:08.400> know<01:27:08.480> that 01:27:08.709 --> 01:27:08.719 align:start position:0% currently does not exist you know that 01:27:08.719 --> 01:27:10.229 align:start position:0% currently does not exist you know that that's<01:27:09.040> part<01:27:09.280> of<01:27:09.360> the 01:27:10.229 --> 01:27:10.239 align:start position:0% that's part of the 01:27:10.239 --> 01:27:11.910 align:start position:0% that's part of the legislative<01:27:10.880> remedy 01:27:11.910 --> 01:27:11.920 align:start position:0% legislative remedy 01:27:11.920 --> 01:27:15.430 align:start position:0% legislative remedy so<01:27:12.239> so<01:27:12.560> b<01:27:12.800> and<01:27:12.960> c<01:27:13.360> b<01:27:13.760> and<01:27:14.080> uh<01:27:14.400> d 01:27:15.430 --> 01:27:15.440 align:start position:0% so so b and c b and uh d 01:27:15.440 --> 01:27:17.510 align:start position:0% so so b and c b and uh d would<01:27:15.679> not<01:27:15.920> be<01:27:16.080> allowable 01:27:17.510 --> 01:27:17.520 align:start position:0% would not be allowable 01:27:17.520 --> 01:27:19.030 align:start position:0% would not be allowable so<01:27:17.679> then<01:27:17.840> the<01:27:17.920> question<01:27:18.480> do<01:27:18.560> you<01:27:18.639> want<01:27:18.800> to<01:27:18.880> wait 01:27:19.030 --> 01:27:19.040 align:start position:0% so then the question do you want to wait 01:27:19.040 --> 01:27:22.229 align:start position:0% so then the question do you want to wait for<01:27:19.199> that<01:27:19.760> or<01:27:20.000> do<01:27:20.159> you<01:27:20.239> want<01:27:20.400> to<01:27:20.560> move<01:27:21.360> with<01:27:21.760> a 01:27:22.229 --> 01:27:22.239 align:start position:0% for that or do you want to move with a 01:27:22.239 --> 01:27:23.830 align:start position:0% for that or do you want to move with a and<01:27:22.480> c 01:27:23.830 --> 01:27:23.840 align:start position:0% and c 01:27:23.840 --> 01:27:24.709 align:start position:0% and c and 01:27:24.709 --> 01:27:24.719 align:start position:0% and 01:27:24.719 --> 01:27:27.270 align:start position:0% and the<01:27:24.960> the<01:27:25.120> recommendation<01:27:25.840> that<01:27:26.159> uh 01:27:27.270 --> 01:27:27.280 align:start position:0% the the recommendation that uh 01:27:27.280 --> 01:27:28.950 align:start position:0% the the recommendation that uh you<01:27:27.440> know<01:27:27.600> the<01:27:27.840> or<01:27:27.920> the<01:27:28.000> preferred<01:27:28.400> way<01:27:28.560> i 01:27:28.950 --> 01:27:28.960 align:start position:0% you know the or the preferred way i 01:27:28.960 --> 01:27:30.550 align:start position:0% you know the or the preferred way i would<01:27:29.199> go<01:27:29.440> with<01:27:29.600> this 01:27:30.550 --> 01:27:30.560 align:start position:0% would go with this 01:27:30.560 --> 01:27:31.590 align:start position:0% would go with this is 01:27:31.590 --> 01:27:31.600 align:start position:0% is 01:27:31.600 --> 01:27:33.910 align:start position:0% is is<01:27:31.760> to<01:27:32.000> look<01:27:32.239> at<01:27:32.560> c 01:27:33.910 --> 01:27:33.920 align:start position:0% is to look at c 01:27:33.920 --> 01:27:36.870 align:start position:0% is to look at c and<01:27:34.159> what<01:27:34.400> c<01:27:34.719> does<01:27:35.440> is<01:27:35.920> you<01:27:36.080> know 01:27:36.870 --> 01:27:36.880 align:start position:0% and what c does is you know 01:27:36.880 --> 01:27:38.229 align:start position:0% and what c does is you know you're<01:27:37.040> going<01:27:37.199> down<01:27:37.440> the<01:27:37.520> road<01:27:37.840> looking<01:27:38.080> at 01:27:38.229 --> 01:27:38.239 align:start position:0% you're going down the road looking at 01:27:38.239 --> 01:27:41.030 align:start position:0% you're going down the road looking at doing<01:27:38.480> this<01:27:38.719> on<01:27:38.800> a<01:27:38.880> taxable<01:27:39.440> basis 01:27:41.030 --> 01:27:41.040 align:start position:0% doing this on a taxable basis 01:27:41.040 --> 01:27:42.070 align:start position:0% doing this on a taxable basis the<01:27:41.280> uh 01:27:42.070 --> 01:27:42.080 align:start position:0% the uh 01:27:42.080 --> 01:27:44.229 align:start position:0% the uh the<01:27:42.239> dollars<01:27:42.719> that<01:27:42.880> you<01:27:43.040> would<01:27:43.280> save 01:27:44.229 --> 01:27:44.239 align:start position:0% the dollars that you would save 01:27:44.239 --> 01:27:47.510 align:start position:0% the dollars that you would save from<01:27:44.480> a<01:27:44.960> budgetary<01:27:45.600> basis<01:27:46.239> over<01:27:46.400> the<01:27:46.560> years<01:27:47.280> is 01:27:47.510 --> 01:27:47.520 align:start position:0% from a budgetary basis over the years is 01:27:47.520 --> 01:27:49.430 align:start position:0% from a budgetary basis over the years is about<01:27:47.760> a<01:27:47.840> million<01:27:48.239> eight<01:27:48.480> on<01:27:48.639> a<01:27:48.719> present<01:27:49.040> value 01:27:49.430 --> 01:27:49.440 align:start position:0% about a million eight on a present value 01:27:49.440 --> 01:27:51.110 align:start position:0% about a million eight on a present value basis<01:27:49.920> it's<01:27:50.080> a<01:27:50.159> million 01:27:51.110 --> 01:27:51.120 align:start position:0% basis it's a million 01:27:51.120 --> 01:27:53.510 align:start position:0% basis it's a million uh<01:27:51.679> 92. 01:27:53.510 --> 01:27:53.520 align:start position:0% uh 92. 01:27:53.520 --> 01:27:56.070 align:start position:0% uh 92. and<01:27:53.840> what<01:27:54.000> that<01:27:54.320> does<01:27:54.639> is<01:27:54.719> that<01:27:54.960> gets<01:27:55.199> you 01:27:56.070 --> 01:27:56.080 align:start position:0% and what that does is that gets you 01:27:56.080 --> 01:27:57.590 align:start position:0% and what that does is that gets you fairly<01:27:56.560> close 01:27:57.590 --> 01:27:57.600 align:start position:0% fairly close 01:27:57.600 --> 01:27:59.110 align:start position:0% fairly close to<01:27:58.000> what 01:27:59.110 --> 01:27:59.120 align:start position:0% to what 01:27:59.120 --> 01:28:03.030 align:start position:0% to what a a<01:28:00.000> tax-exempt<01:28:00.719> deal<01:28:01.440> would<01:28:01.600> be 01:28:03.030 --> 01:28:03.040 align:start position:0% a a tax-exempt deal would be 01:28:03.040 --> 01:28:05.189 align:start position:0% a a tax-exempt deal would be if<01:28:03.120> you<01:28:03.280> didn't<01:28:03.520> restructure<01:28:04.159> it 01:28:05.189 --> 01:28:05.199 align:start position:0% if you didn't restructure it 01:28:05.199 --> 01:28:07.350 align:start position:0% if you didn't restructure it so<01:28:05.760> if<01:28:05.920> you<01:28:06.000> were<01:28:06.159> looking<01:28:06.480> for<01:28:06.719> a<01:28:06.880> savings 01:28:07.350 --> 01:28:07.360 align:start position:0% so if you were looking for a savings 01:28:07.360 --> 01:28:08.870 align:start position:0% so if you were looking for a savings target<01:28:07.760> as<01:28:07.920> an<01:28:08.080> individual<01:28:08.560> and<01:28:08.639> you<01:28:08.719> said 01:28:08.870 --> 01:28:08.880 align:start position:0% target as an individual and you said 01:28:08.880 --> 01:28:09.910 align:start position:0% target as an individual and you said well<01:28:09.040> i<01:28:09.199> could 01:28:09.910 --> 01:28:09.920 align:start position:0% well i could 01:28:09.920 --> 01:28:12.390 align:start position:0% well i could do<01:28:10.080> my<01:28:10.320> mortgage<01:28:10.880> 15<01:28:11.440> years 01:28:12.390 --> 01:28:12.400 align:start position:0% do my mortgage 15 years 01:28:12.400 --> 01:28:15.189 align:start position:0% do my mortgage 15 years as<01:28:12.560> opposed<01:28:12.880> to<01:28:13.040> 20<01:28:13.360> or<01:28:13.360> or<01:28:14.159> 30 01:28:15.189 --> 01:28:15.199 align:start position:0% as opposed to 20 or or 30 01:28:15.199 --> 01:28:17.830 align:start position:0% as opposed to 20 or or 30 you<01:28:15.360> know<01:28:15.920> you<01:28:16.080> get<01:28:16.239> the<01:28:16.400> savings<01:28:16.960> by 01:28:17.830 --> 01:28:17.840 align:start position:0% you know you get the savings by 01:28:17.840 --> 01:28:20.390 align:start position:0% you know you get the savings by uh<01:28:18.159> shortening<01:28:18.560> the<01:28:18.639> maturities 01:28:20.390 --> 01:28:20.400 align:start position:0% uh shortening the maturities 01:28:20.400 --> 01:28:23.430 align:start position:0% uh shortening the maturities which<01:28:21.040> kind<01:28:21.199> of<01:28:21.280> brings<01:28:21.840> me<01:28:22.000> to<01:28:22.480> uh<01:28:23.040> the<01:28:23.199> next 01:28:23.430 --> 01:28:23.440 align:start position:0% which kind of brings me to uh the next 01:28:23.440 --> 01:28:25.189 align:start position:0% which kind of brings me to uh the next sheet<01:28:23.760> if<01:28:23.840> you<01:28:23.920> look<01:28:24.080> at<01:28:24.239> a<01:28:24.320> sheet 01:28:25.189 --> 01:28:25.199 align:start position:0% sheet if you look at a sheet 01:28:25.199 --> 01:28:29.910 align:start position:0% sheet if you look at a sheet it<01:28:25.360> looks<01:28:25.600> like<01:28:25.840> this 01:28:29.910 --> 01:28:29.920 align:start position:0% 01:28:29.920 --> 01:28:31.270 align:start position:0% so<01:28:30.080> what<01:28:30.239> this 01:28:31.270 --> 01:28:31.280 align:start position:0% so what this 01:28:31.280 --> 01:28:32.790 align:start position:0% so what this pretty<01:28:31.520> much<01:28:31.840> does 01:28:32.790 --> 01:28:32.800 align:start position:0% pretty much does 01:28:32.800 --> 01:28:33.910 align:start position:0% pretty much does is 01:28:33.910 --> 01:28:33.920 align:start position:0% is 01:28:33.920 --> 01:28:37.189 align:start position:0% is it<01:28:34.000> looks<01:28:34.560> at<01:28:34.719> our<01:28:34.880> existing<01:28:35.280> debt<01:28:35.520> payments 01:28:37.189 --> 01:28:37.199 align:start position:0% it looks at our existing debt payments 01:28:37.199 --> 01:28:39.430 align:start position:0% it looks at our existing debt payments uh<01:28:37.760> and<01:28:37.920> then<01:28:38.159> it<01:28:38.320> shows 01:28:39.430 --> 01:28:39.440 align:start position:0% uh and then it shows 01:28:39.440 --> 01:28:40.870 align:start position:0% uh and then it shows the<01:28:39.760> impact 01:28:40.870 --> 01:28:40.880 align:start position:0% the impact 01:28:40.880 --> 01:28:42.790 align:start position:0% the impact of<01:28:41.199> of<01:28:41.520> doing<01:28:41.840> this 01:28:42.790 --> 01:28:42.800 align:start position:0% of of doing this 01:28:42.800 --> 01:28:44.229 align:start position:0% of of doing this refunding 01:28:44.229 --> 01:28:44.239 align:start position:0% refunding 01:28:44.239 --> 01:28:46.390 align:start position:0% refunding under<01:28:44.560> the<01:28:44.719> new<01:28:44.960> structure 01:28:46.390 --> 01:28:46.400 align:start position:0% under the new structure 01:28:46.400 --> 01:28:48.950 align:start position:0% under the new structure so<01:28:46.880> you'll<01:28:47.199> see<01:28:47.360> that<01:28:47.520> the 01:28:48.950 --> 01:28:48.960 align:start position:0% so you'll see that the 01:28:48.960 --> 01:28:50.709 align:start position:0% so you'll see that the refunded<01:28:49.600> bonds 01:28:50.709 --> 01:28:50.719 align:start position:0% refunded bonds 01:28:50.719 --> 01:28:53.030 align:start position:0% refunded bonds cost<01:28:51.040> about<01:28:51.360> 17.1<01:28:52.239> million<01:28:52.480> over<01:28:52.639> the<01:28:52.719> life<01:28:52.960> of 01:28:53.030 --> 01:28:53.040 align:start position:0% cost about 17.1 million over the life of 01:28:53.040 --> 01:28:54.229 align:start position:0% cost about 17.1 million over the life of the<01:28:53.120> bonds 01:28:54.229 --> 01:28:54.239 align:start position:0% the bonds 01:28:54.239 --> 01:28:55.189 align:start position:0% the bonds the 01:28:55.189 --> 01:28:55.199 align:start position:0% the 01:28:55.199 --> 01:28:58.229 align:start position:0% the re<01:28:55.679> uh<01:28:56.000> refunding<01:28:56.800> bonds<01:28:57.600> would<01:28:57.760> be<01:28:57.920> about 01:28:58.229 --> 01:28:58.239 align:start position:0% re uh refunding bonds would be about 01:28:58.239 --> 01:29:01.350 align:start position:0% re uh refunding bonds would be about 15.3<01:28:59.199> million<01:28:59.520> over<01:28:59.679> the<01:28:59.760> life<01:29:00.000> of<01:29:00.080> the<01:29:00.159> bonds 01:29:01.350 --> 01:29:01.360 align:start position:0% 15.3 million over the life of the bonds 01:29:01.360 --> 01:29:03.430 align:start position:0% 15.3 million over the life of the bonds uh<01:29:01.760> if<01:29:01.920> you<01:29:02.239> net<01:29:02.480> those<01:29:02.719> two<01:29:02.880> numbers<01:29:03.280> out 01:29:03.430 --> 01:29:03.440 align:start position:0% uh if you net those two numbers out 01:29:03.440 --> 01:29:05.669 align:start position:0% uh if you net those two numbers out that's<01:29:03.679> your<01:29:03.840> million<01:29:04.239> 806 01:29:05.669 --> 01:29:05.679 align:start position:0% that's your million 806 01:29:05.679 --> 01:29:08.629 align:start position:0% that's your million 806 which<01:29:06.000> you<01:29:06.159> saw<01:29:06.639> on<01:29:06.880> the<01:29:07.040> other<01:29:07.280> sheet 01:29:08.629 --> 01:29:08.639 align:start position:0% which you saw on the other sheet 01:29:08.639 --> 01:29:11.110 align:start position:0% which you saw on the other sheet and<01:29:08.719> then<01:29:09.120> just<01:29:09.280> like<01:29:09.520> a<01:29:10.000> consumer<01:29:10.560> would<01:29:10.800> if 01:29:11.110 --> 01:29:11.120 align:start position:0% and then just like a consumer would if 01:29:11.120 --> 01:29:13.270 align:start position:0% and then just like a consumer would if if<01:29:11.360> you<01:29:11.600> uh<01:29:12.159> wanted<01:29:12.480> to<01:29:12.719> shorten<01:29:13.120> your 01:29:13.270 --> 01:29:13.280 align:start position:0% if you uh wanted to shorten your 01:29:13.280 --> 01:29:14.950 align:start position:0% if you uh wanted to shorten your mortgage 01:29:14.950 --> 01:29:14.960 align:start position:0% mortgage 01:29:14.960 --> 01:29:16.229 align:start position:0% mortgage you<01:29:15.120> wouldn't<01:29:15.360> necessarily<01:29:15.840> make<01:29:16.080> that 01:29:16.229 --> 01:29:16.239 align:start position:0% you wouldn't necessarily make that 01:29:16.239 --> 01:29:18.070 align:start position:0% you wouldn't necessarily make that decision<01:29:16.719> in<01:29:16.880> a<01:29:16.960> vacuum<01:29:17.440> you'd<01:29:17.600> want<01:29:17.760> to<01:29:17.920> know 01:29:18.070 --> 01:29:18.080 align:start position:0% decision in a vacuum you'd want to know 01:29:18.080 --> 01:29:19.830 align:start position:0% decision in a vacuum you'd want to know well<01:29:18.320> how<01:29:18.480> does<01:29:18.639> that<01:29:18.880> affect 01:29:19.830 --> 01:29:19.840 align:start position:0% well how does that affect 01:29:19.840 --> 01:29:21.510 align:start position:0% well how does that affect any<01:29:20.159> other<01:29:20.320> spending<01:29:20.719> you<01:29:20.800> may<01:29:20.960> want<01:29:21.199> to<01:29:21.280> do 01:29:21.510 --> 01:29:21.520 align:start position:0% any other spending you may want to do 01:29:21.520 --> 01:29:23.990 align:start position:0% any other spending you may want to do down<01:29:21.760> the<01:29:21.840> road<01:29:22.159> any<01:29:22.400> other<01:29:23.120> obligations<01:29:23.840> you 01:29:23.990 --> 01:29:24.000 align:start position:0% down the road any other obligations you 01:29:24.000 --> 01:29:25.270 align:start position:0% down the road any other obligations you may<01:29:24.239> incur 01:29:25.270 --> 01:29:25.280 align:start position:0% may incur 01:29:25.280 --> 01:29:26.470 align:start position:0% may incur so 01:29:26.470 --> 01:29:26.480 align:start position:0% so 01:29:26.480 --> 01:29:28.149 align:start position:0% so so<01:29:26.639> sort<01:29:26.800> of<01:29:26.880> in<01:29:27.040> a<01:29:27.120> pro<01:29:27.360> forma<01:29:27.679> way<01:29:27.840> i<01:29:27.920> said 01:29:28.149 --> 01:29:28.159 align:start position:0% so sort of in a pro forma way i said 01:29:28.159 --> 01:29:28.950 align:start position:0% so sort of in a pro forma way i said okay 01:29:28.950 --> 01:29:28.960 align:start position:0% okay 01:29:28.960 --> 01:29:31.750 align:start position:0% okay well<01:29:29.360> if<01:29:29.520> we<01:29:29.679> if<01:29:29.840> we<01:29:30.239> did<01:29:30.400> a<01:29:30.480> restructure<01:29:31.679> and 01:29:31.750 --> 01:29:31.760 align:start position:0% well if we if we did a restructure and 01:29:31.760 --> 01:29:34.550 align:start position:0% well if we if we did a restructure and then<01:29:31.920> we<01:29:32.080> just<01:29:32.320> overlaid<01:29:32.800> it<01:29:32.960> with<01:29:33.360> a<01:29:33.600> uh 01:29:34.550 --> 01:29:34.560 align:start position:0% then we just overlaid it with a uh 01:29:34.560 --> 01:29:36.830 align:start position:0% then we just overlaid it with a uh with<01:29:34.800> a<01:29:34.960> sale 01:29:36.830 --> 01:29:36.840 align:start position:0% with a sale 01:29:36.840 --> 01:29:40.310 align:start position:0% with a sale um<01:29:37.760> of<01:29:38.080> uh<01:29:38.320> roughly<01:29:38.719> 10<01:29:38.960> million<01:29:39.280> dollars<01:29:39.760> a 01:29:40.310 --> 01:29:40.320 align:start position:0% um of uh roughly 10 million dollars a 01:29:40.320 --> 01:29:42.149 align:start position:0% um of uh roughly 10 million dollars a couple<01:29:40.639> years<01:29:40.960> out 01:29:42.149 --> 01:29:42.159 align:start position:0% couple years out 01:29:42.159 --> 01:29:43.590 align:start position:0% couple years out how<01:29:42.320> does<01:29:42.480> how<01:29:42.639> does<01:29:42.800> that<01:29:43.040> look<01:29:43.199> with<01:29:43.440> our 01:29:43.590 --> 01:29:43.600 align:start position:0% how does how does that look with our 01:29:43.600 --> 01:29:44.790 align:start position:0% how does how does that look with our overall 01:29:44.790 --> 01:29:44.800 align:start position:0% overall 01:29:44.800 --> 01:29:46.550 align:start position:0% overall you<01:29:44.880> know<01:29:45.120> debt<01:29:45.360> service<01:29:45.760> as<01:29:45.920> a<01:29:46.000> percentage<01:29:46.480> of 01:29:46.550 --> 01:29:46.560 align:start position:0% you know debt service as a percentage of 01:29:46.560 --> 01:29:48.950 align:start position:0% you know debt service as a percentage of the<01:29:46.719> budget<01:29:47.040> and<01:29:47.120> you<01:29:47.199> can<01:29:47.280> see<01:29:47.520> it<01:29:48.080> it<01:29:48.560> stays 01:29:48.950 --> 01:29:48.960 align:start position:0% the budget and you can see it it stays 01:29:48.960 --> 01:29:50.870 align:start position:0% the budget and you can see it it stays relatively<01:29:49.440> flat<01:29:49.679> for<01:29:49.840> a<01:29:49.920> couple<01:29:50.239> years<01:29:50.560> and 01:29:50.870 --> 01:29:50.880 align:start position:0% relatively flat for a couple years and 01:29:50.880 --> 01:29:53.590 align:start position:0% relatively flat for a couple years and gradually<01:29:51.920> goes<01:29:52.239> down<01:29:52.800> so<01:29:52.960> jim<01:29:53.199> that's<01:29:53.440> the 01:29:53.590 --> 01:29:53.600 align:start position:0% gradually goes down so jim that's the 01:29:53.600 --> 01:29:56.550 align:start position:0% gradually goes down so jim that's the future<01:29:54.000> new<01:29:54.239> bond<01:29:54.560> monies<01:29:55.280> yes<01:29:55.520> interest<01:29:56.320> yes 01:29:56.550 --> 01:29:56.560 align:start position:0% future new bond monies yes interest yes 01:29:56.560 --> 01:29:59.750 align:start position:0% future new bond monies yes interest yes so<01:29:56.719> that's<01:29:56.960> the<01:29:57.120> 11<01:29:57.520> million<01:29:57.760> 968<01:29:58.719> is<01:29:58.880> the 01:29:59.750 --> 01:29:59.760 align:start position:0% so that's the 11 million 968 is the 01:29:59.760 --> 01:30:01.830 align:start position:0% so that's the 11 million 968 is the potentially<01:30:00.480> a<01:30:00.639> 10<01:30:00.880> million<01:30:01.120> dollar<01:30:01.440> bond 01:30:01.830 --> 01:30:01.840 align:start position:0% potentially a 10 million dollar bond 01:30:01.840 --> 01:30:03.669 align:start position:0% potentially a 10 million dollar bond issue<01:30:02.159> with<01:30:02.639> uh 01:30:03.669 --> 01:30:03.679 align:start position:0% issue with uh 01:30:03.679 --> 01:30:05.270 align:start position:0% issue with uh associated<01:30:04.320> interest 01:30:05.270 --> 01:30:05.280 align:start position:0% associated interest 01:30:05.280 --> 01:30:08.550 align:start position:0% associated interest over<01:30:05.600> the<01:30:05.840> lifetime<01:30:06.239> of<01:30:06.400> the<01:30:06.480> bond 01:30:08.550 --> 01:30:08.560 align:start position:0% over the lifetime of the bond 01:30:08.560 --> 01:30:10.390 align:start position:0% over the lifetime of the bond yep<01:30:09.199> and<01:30:09.520> then<01:30:09.679> we<01:30:09.840> look<01:30:10.000> at<01:30:10.080> it<01:30:10.159> in<01:30:10.320> the 01:30:10.390 --> 01:30:10.400 align:start position:0% yep and then we look at it in the 01:30:10.400 --> 01:30:12.070 align:start position:0% yep and then we look at it in the context<01:30:10.880> of<01:30:11.040> you<01:30:11.199> know 01:30:12.070 --> 01:30:12.080 align:start position:0% context of you know 01:30:12.080 --> 01:30:13.510 align:start position:0% context of you know how<01:30:12.239> does<01:30:12.400> that<01:30:12.639> how<01:30:12.800> does<01:30:12.960> a<01:30:13.040> debt<01:30:13.199> service 01:30:13.510 --> 01:30:13.520 align:start position:0% how does that how does a debt service 01:30:13.520 --> 01:30:15.590 align:start position:0% how does that how does a debt service play<01:30:13.760> out<01:30:13.840> under<01:30:14.080> that<01:30:14.239> scenario 01:30:15.590 --> 01:30:15.600 align:start position:0% play out under that scenario 01:30:15.600 --> 01:30:17.270 align:start position:0% play out under that scenario what's<01:30:15.840> your<01:30:15.920> debt<01:30:16.159> service<01:30:16.560> as<01:30:16.719> a<01:30:16.800> percent<01:30:17.120> of 01:30:17.270 --> 01:30:17.280 align:start position:0% what's your debt service as a percent of 01:30:17.280 --> 01:30:19.590 align:start position:0% what's your debt service as a percent of the<01:30:17.360> budget<01:30:18.159> uh<01:30:18.400> which<01:30:18.639> we<01:30:18.880> typically<01:30:19.280> try<01:30:19.520> to 01:30:19.590 --> 01:30:19.600 align:start position:0% the budget uh which we typically try to 01:30:19.600 --> 01:30:22.709 align:start position:0% the budget uh which we typically try to keep<01:30:19.920> at<01:30:20.159> eight<01:30:20.480> percent<01:30:21.360> or<01:30:21.679> less 01:30:22.709 --> 01:30:22.719 align:start position:0% keep at eight percent or less 01:30:22.719 --> 01:30:24.229 align:start position:0% keep at eight percent or less and<01:30:23.040> so 01:30:24.229 --> 01:30:24.239 align:start position:0% and so 01:30:24.239 --> 01:30:25.669 align:start position:0% and so so<01:30:24.400> i<01:30:24.560> think<01:30:24.639> that<01:30:24.880> answers<01:30:25.199> the<01:30:25.360> question 01:30:25.669 --> 01:30:25.679 align:start position:0% so i think that answers the question 01:30:25.679 --> 01:30:28.390 align:start position:0% so i think that answers the question that<01:30:25.920> uh<01:30:26.560> shortening<01:30:26.960> the<01:30:27.040> maturities<01:30:28.080> to<01:30:28.239> get 01:30:28.390 --> 01:30:28.400 align:start position:0% that uh shortening the maturities to get 01:30:28.400 --> 01:30:31.270 align:start position:0% that uh shortening the maturities to get the<01:30:28.639> savings<01:30:29.120> and<01:30:29.280> a<01:30:29.360> taxable<01:30:29.920> basis<01:30:30.880> uh 01:30:31.270 --> 01:30:31.280 align:start position:0% the savings and a taxable basis uh 01:30:31.280 --> 01:30:32.310 align:start position:0% the savings and a taxable basis uh doesn't 01:30:32.310 --> 01:30:32.320 align:start position:0% doesn't 01:30:32.320 --> 01:30:34.550 align:start position:0% doesn't unduly<01:30:32.880> tie<01:30:33.199> your<01:30:33.440> hands 01:30:34.550 --> 01:30:34.560 align:start position:0% unduly tie your hands 01:30:34.560 --> 01:30:35.669 align:start position:0% unduly tie your hands uh 01:30:35.669 --> 01:30:35.679 align:start position:0% uh 01:30:35.679 --> 01:30:37.830 align:start position:0% uh going<01:30:36.000> forward<01:30:36.400> unless<01:30:36.880> unless<01:30:37.199> somebody<01:30:37.600> has 01:30:37.830 --> 01:30:37.840 align:start position:0% going forward unless unless somebody has 01:30:37.840 --> 01:30:40.310 align:start position:0% going forward unless unless somebody has a<01:30:38.320> 60<01:30:38.639> million<01:30:38.880> dollar<01:30:39.199> project<01:30:39.760> they<01:30:40.000> throw 01:30:40.310 --> 01:30:40.320 align:start position:0% a 60 million dollar project they throw 01:30:40.320 --> 01:30:41.350 align:start position:0% a 60 million dollar project they throw at<01:30:40.480> us 01:30:41.350 --> 01:30:41.360 align:start position:0% at us 01:30:41.360 --> 01:30:43.350 align:start position:0% at us you<01:30:41.520> know<01:30:41.840> down<01:30:42.080> the<01:30:42.159> road<01:30:42.480> but 01:30:43.350 --> 01:30:43.360 align:start position:0% you know down the road but 01:30:43.360 --> 01:30:46.470 align:start position:0% you know down the road but i<01:30:43.760> don't<01:30:44.320> see<01:30:44.719> that<01:30:45.120> happening<01:30:45.600> in 01:30:46.470 --> 01:30:46.480 align:start position:0% i don't see that happening in 01:30:46.480 --> 01:30:49.510 align:start position:0% i don't see that happening in my<01:30:46.719> tenure<01:30:47.120> here<01:30:47.280> so<01:30:47.760> anyway<01:30:48.639> um 01:30:49.510 --> 01:30:49.520 align:start position:0% my tenure here so anyway um 01:30:49.520 --> 01:30:50.870 align:start position:0% my tenure here so anyway um so<01:30:49.760> there's<01:30:50.159> uh 01:30:50.870 --> 01:30:50.880 align:start position:0% so there's uh 01:30:50.880 --> 01:30:52.950 align:start position:0% so there's uh so<01:30:51.040> there's<01:30:51.280> that<01:30:51.520> aspect<01:30:52.000> to<01:30:52.239> it 01:30:52.950 --> 01:30:52.960 align:start position:0% so there's that aspect to it 01:30:52.960 --> 01:30:54.950 align:start position:0% so there's that aspect to it and 01:30:54.950 --> 01:30:54.960 align:start position:0% and 01:30:54.960 --> 01:30:56.870 align:start position:0% and the<01:30:55.280> only<01:30:55.760> thing<01:30:56.000> that 01:30:56.870 --> 01:30:56.880 align:start position:0% the only thing that 01:30:56.880 --> 01:30:57.750 align:start position:0% the only thing that you<01:30:57.040> know 01:30:57.750 --> 01:30:57.760 align:start position:0% you know 01:30:57.760 --> 01:30:59.990 align:start position:0% you know when<01:30:57.920> i<01:30:58.000> make<01:30:58.159> this<01:30:58.400> recommendation<01:30:59.199> is 01:30:59.990 --> 01:31:00.000 align:start position:0% when i make this recommendation is 01:31:00.000 --> 01:31:01.750 align:start position:0% when i make this recommendation is you<01:31:00.159> know<01:31:00.320> and<01:31:00.639> maybe<01:31:00.880> it's<01:31:01.040> my<01:31:01.199> nature<01:31:01.600> is 01:31:01.750 --> 01:31:01.760 align:start position:0% you know and maybe it's my nature is 01:31:01.760 --> 01:31:02.390 align:start position:0% you know and maybe it's my nature is that 01:31:02.390 --> 01:31:02.400 align:start position:0% that 01:31:02.400 --> 01:31:03.990 align:start position:0% that i<01:31:02.719> have<01:31:02.880> to<01:31:03.040> sort<01:31:03.199> of<01:31:03.280> live<01:31:03.440> with<01:31:03.520> the<01:31:03.600> regret 01:31:03.990 --> 01:31:04.000 align:start position:0% i have to sort of live with the regret 01:31:04.000 --> 01:31:07.990 align:start position:0% i have to sort of live with the regret premium<01:31:04.960> uh<01:31:05.520> if<01:31:05.840> uh<01:31:06.560> if<01:31:06.880> down<01:31:07.120> the<01:31:07.199> road 01:31:07.990 --> 01:31:08.000 align:start position:0% premium uh if uh if down the road 01:31:08.000 --> 01:31:08.870 align:start position:0% premium uh if uh if down the road uh 01:31:08.870 --> 01:31:08.880 align:start position:0% uh 01:31:08.880 --> 01:31:10.470 align:start position:0% uh there<01:31:09.120> is<01:31:09.280> a<01:31:09.360> legislative<01:31:09.840> remedy<01:31:10.239> a<01:31:10.320> few 01:31:10.470 --> 01:31:10.480 align:start position:0% there is a legislative remedy a few 01:31:10.480 --> 01:31:11.350 align:start position:0% there is a legislative remedy a few months 01:31:11.350 --> 01:31:11.360 align:start position:0% months 01:31:11.360 --> 01:31:13.270 align:start position:0% months after<01:31:11.679> we've<01:31:11.920> done<01:31:12.159> this<01:31:12.480> or 01:31:13.270 --> 01:31:13.280 align:start position:0% after we've done this or 01:31:13.280 --> 01:31:14.870 align:start position:0% after we've done this or you<01:31:13.360> know<01:31:13.520> there's<01:31:13.760> a<01:31:13.840> continuing<01:31:14.480> funding 01:31:14.870 --> 01:31:14.880 align:start position:0% you know there's a continuing funding 01:31:14.880 --> 01:31:17.350 align:start position:0% you know there's a continuing funding resolution<01:31:15.679> you<01:31:15.760> know<01:31:15.920> which<01:31:16.159> the<01:31:16.560> which 01:31:17.350 --> 01:31:17.360 align:start position:0% resolution you know which the which 01:31:17.360 --> 01:31:18.790 align:start position:0% resolution you know which the which congress<01:31:17.760> has<01:31:17.840> done<01:31:18.000> in<01:31:18.159> the<01:31:18.239> past<01:31:18.480> in<01:31:18.560> which 01:31:18.790 --> 01:31:18.800 align:start position:0% congress has done in the past in which 01:31:18.800 --> 01:31:21.030 align:start position:0% congress has done in the past in which this<01:31:19.040> gets<01:31:19.520> thrown<01:31:19.840> in<01:31:20.000> there 01:31:21.030 --> 01:31:21.040 align:start position:0% this gets thrown in there 01:31:21.040 --> 01:31:22.390 align:start position:0% this gets thrown in there but 01:31:22.390 --> 01:31:22.400 align:start position:0% but 01:31:22.400 --> 01:31:23.669 align:start position:0% but if<01:31:22.639> the<01:31:22.800> board 01:31:23.669 --> 01:31:23.679 align:start position:0% if the board 01:31:23.679 --> 01:31:26.070 align:start position:0% if the board takes<01:31:24.000> the<01:31:24.159> approach<01:31:24.560> that 01:31:26.070 --> 01:31:26.080 align:start position:0% takes the approach that 01:31:26.080 --> 01:31:28.709 align:start position:0% takes the approach that you<01:31:26.239> know<01:31:26.400> we<01:31:26.560> have<01:31:26.960> a<01:31:27.040> good<01:31:27.199> debt<01:31:27.440> profile<01:31:28.000> now 01:31:28.709 --> 01:31:28.719 align:start position:0% you know we have a good debt profile now 01:31:28.719 --> 01:31:30.790 align:start position:0% you know we have a good debt profile now we<01:31:28.960> issue<01:31:29.280> debt<01:31:29.600> always<01:31:30.000> at<01:31:30.159> low<01:31:30.400> interest 01:31:30.790 --> 01:31:30.800 align:start position:0% we issue debt always at low interest 01:31:30.800 --> 01:31:32.870 align:start position:0% we issue debt always at low interest rates<01:31:31.040> or<01:31:31.120> whatever<01:31:31.760> as<01:31:32.000> low<01:31:32.239> as<01:31:32.400> we<01:31:32.560> can<01:31:32.639> get 01:31:32.870 --> 01:31:32.880 align:start position:0% rates or whatever as low as we can get 01:31:32.880 --> 01:31:36.149 align:start position:0% rates or whatever as low as we can get at<01:31:33.040> the<01:31:33.199> time<01:31:33.440> of<01:31:33.520> the<01:31:33.600> market<01:31:34.480> and<01:31:34.719> if<01:31:34.880> this<01:31:35.280> uh 01:31:36.149 --> 01:31:36.159 align:start position:0% at the time of the market and if this uh 01:31:36.159 --> 01:31:38.149 align:start position:0% at the time of the market and if this uh is<01:31:36.400> a<01:31:36.480> way<01:31:36.800> to<01:31:37.040> achieve 01:31:38.149 --> 01:31:38.159 align:start position:0% is a way to achieve 01:31:38.159 --> 01:31:39.270 align:start position:0% is a way to achieve savings 01:31:39.270 --> 01:31:39.280 align:start position:0% savings 01:31:39.280 --> 01:31:41.189 align:start position:0% savings then<01:31:39.600> it's<01:31:39.840> then<01:31:40.080> we<01:31:40.239> still<01:31:40.400> achieve<01:31:40.719> savings 01:31:41.189 --> 01:31:41.199 align:start position:0% then it's then we still achieve savings 01:31:41.199 --> 01:31:45.270 align:start position:0% then it's then we still achieve savings it's<01:31:41.440> not<01:31:42.159> it's<01:31:42.840> not<01:31:43.920> you<01:31:44.080> know<01:31:44.239> chump<01:31:44.560> change 01:31:45.270 --> 01:31:45.280 align:start position:0% it's not it's not you know chump change 01:31:45.280 --> 01:31:46.790 align:start position:0% it's not it's not you know chump change and<01:31:45.760> uh 01:31:46.790 --> 01:31:46.800 align:start position:0% and uh 01:31:46.800 --> 01:31:49.669 align:start position:0% and uh then<01:31:46.960> we<01:31:47.199> we<01:31:47.360> did<01:31:47.520> a<01:31:47.600> workaround<01:31:48.159> to 01:31:49.669 --> 01:31:49.679 align:start position:0% then we we did a workaround to 01:31:49.679 --> 01:31:51.990 align:start position:0% then we we did a workaround to to<01:31:50.080> get<01:31:50.239> that<01:31:50.560> savings 01:31:51.990 --> 01:31:52.000 align:start position:0% to get that savings 01:31:52.000 --> 01:31:52.790 align:start position:0% to get that savings and 01:31:52.790 --> 01:31:52.800 align:start position:0% and 01:31:52.800 --> 01:31:54.629 align:start position:0% and i<01:31:52.960> want<01:31:53.120> to<01:31:53.280> also<01:31:53.520> emphasize<01:31:54.159> that<01:31:54.320> this<01:31:54.560> is 01:31:54.629 --> 01:31:54.639 align:start position:0% i want to also emphasize that this is 01:31:54.639 --> 01:31:56.390 align:start position:0% i want to also emphasize that this is what's<01:31:54.880> called<01:31:55.120> a<01:31:55.199> negotiated<01:31:55.760> deal<01:31:56.080> so<01:31:56.239> when 01:31:56.390 --> 01:31:56.400 align:start position:0% what's called a negotiated deal so when 01:31:56.400 --> 01:31:58.149 align:start position:0% what's called a negotiated deal so when you<01:31:56.719> issue<01:31:57.040> debt<01:31:57.280> in<01:31:57.360> the<01:31:57.440> marketplace<01:31:58.080> you 01:31:58.149 --> 01:31:58.159 align:start position:0% you issue debt in the marketplace you 01:31:58.159 --> 01:32:00.629 align:start position:0% you issue debt in the marketplace you have<01:31:58.400> really<01:31:58.800> two<01:31:59.040> kinds<01:31:59.280> of<01:31:59.360> structures 01:32:00.629 --> 01:32:00.639 align:start position:0% have really two kinds of structures 01:32:00.639 --> 01:32:02.310 align:start position:0% have really two kinds of structures you<01:32:00.800> have<01:32:01.040> a<01:32:01.120> competitive<01:32:01.679> sale<01:32:02.000> which<01:32:02.239> is 01:32:02.310 --> 01:32:02.320 align:start position:0% you have a competitive sale which is 01:32:02.320 --> 01:32:04.310 align:start position:0% you have a competitive sale which is like<01:32:02.480> okay<01:32:02.719> we're<01:32:02.880> going<01:32:02.960> to<01:32:03.120> issue 01:32:04.310 --> 01:32:04.320 align:start position:0% like okay we're going to issue 01:32:04.320 --> 01:32:05.910 align:start position:0% like okay we're going to issue like<01:32:04.560> we<01:32:04.639> did<01:32:04.880> when<01:32:05.040> we<01:32:05.120> issued<01:32:05.360> the<01:32:05.440> 45 01:32:05.910 --> 01:32:05.920 align:start position:0% like we did when we issued the 45 01:32:05.920 --> 01:32:07.270 align:start position:0% like we did when we issued the 45 million<01:32:06.159> we're<01:32:06.320> going<01:32:06.320> to<01:32:06.400> issue<01:32:06.639> 45<01:32:07.040> million 01:32:07.270 --> 01:32:07.280 align:start position:0% million we're going to issue 45 million 01:32:07.280 --> 01:32:09.189 align:start position:0% million we're going to issue 45 million in<01:32:07.360> debt<01:32:08.080> uh<01:32:08.400> it's<01:32:08.560> going<01:32:08.639> to<01:32:08.719> be<01:32:08.800> in<01:32:08.880> such<01:32:09.120> and 01:32:09.189 --> 01:32:09.199 align:start position:0% in debt uh it's going to be in such and 01:32:09.199 --> 01:32:11.030 align:start position:0% in debt uh it's going to be in such and such<01:32:09.440> a<01:32:09.520> date<01:32:10.000> we're<01:32:10.159> going<01:32:10.239> to<01:32:10.320> take<01:32:10.560> offers 01:32:11.030 --> 01:32:11.040 align:start position:0% such a date we're going to take offers 01:32:11.040 --> 01:32:12.550 align:start position:0% such a date we're going to take offers from<01:32:11.280> underwriters<01:32:11.840> up<01:32:12.000> until<01:32:12.159> a<01:32:12.239> certain 01:32:12.550 --> 01:32:12.560 align:start position:0% from underwriters up until a certain 01:32:12.560 --> 01:32:13.750 align:start position:0% from underwriters up until a certain point<01:32:12.800> in<01:32:12.880> time 01:32:13.750 --> 01:32:13.760 align:start position:0% point in time 01:32:13.760 --> 01:32:16.229 align:start position:0% point in time uh<01:32:14.159> and<01:32:14.239> then<01:32:14.400> we<01:32:14.560> award<01:32:14.880> it<01:32:15.199> based<01:32:15.520> on<01:32:16.000> on<01:32:16.159> the 01:32:16.229 --> 01:32:16.239 align:start position:0% uh and then we award it based on on the 01:32:16.239 --> 01:32:17.590 align:start position:0% uh and then we award it based on on the lowest 01:32:17.590 --> 01:32:17.600 align:start position:0% lowest 01:32:17.600 --> 01:32:19.750 align:start position:0% lowest true<01:32:17.840> interest<01:32:18.239> cost 01:32:19.750 --> 01:32:19.760 align:start position:0% true interest cost 01:32:19.760 --> 01:32:22.070 align:start position:0% true interest cost when<01:32:20.000> you<01:32:20.159> do<01:32:20.400> a<01:32:20.639> refunding<01:32:21.280> you<01:32:21.360> typically<01:32:21.840> do 01:32:22.070 --> 01:32:22.080 align:start position:0% when you do a refunding you typically do 01:32:22.080 --> 01:32:23.430 align:start position:0% when you do a refunding you typically do a<01:32:22.159> negotiated 01:32:23.430 --> 01:32:23.440 align:start position:0% a negotiated 01:32:23.440 --> 01:32:24.790 align:start position:0% a negotiated sale<01:32:23.760> because<01:32:23.920> there's<01:32:24.159> other<01:32:24.400> aspects<01:32:24.719> of 01:32:24.790 --> 01:32:24.800 align:start position:0% sale because there's other aspects of 01:32:24.800 --> 01:32:26.709 align:start position:0% sale because there's other aspects of the<01:32:24.880> refunding<01:32:25.520> as<01:32:25.520> as<01:32:26.000> you<01:32:26.159> probably<01:32:26.480> saw 01:32:26.709 --> 01:32:26.719 align:start position:0% the refunding as as you probably saw 01:32:26.719 --> 01:32:28.470 align:start position:0% the refunding as as you probably saw from<01:32:26.880> the<01:32:27.040> handouts<01:32:27.600> there's 01:32:28.470 --> 01:32:28.480 align:start position:0% from the handouts there's 01:32:28.480 --> 01:32:30.470 align:start position:0% from the handouts there's you<01:32:28.560> know<01:32:28.719> the<01:32:28.880> sizing<01:32:29.280> in<01:32:29.440> escrow<01:32:30.080> there's 01:32:30.470 --> 01:32:30.480 align:start position:0% you know the sizing in escrow there's 01:32:30.480 --> 01:32:32.229 align:start position:0% you know the sizing in escrow there's premiums<01:32:31.199> you<01:32:31.280> know<01:32:31.600> which<01:32:31.840> there<01:32:32.000> could<01:32:32.159> be 01:32:32.229 --> 01:32:32.239 align:start position:0% premiums you know which there could be 01:32:32.239 --> 01:32:33.350 align:start position:0% premiums you know which there could be on<01:32:32.400> competitives<01:32:32.880> too<01:32:32.960> but<01:32:33.120> there's<01:32:33.280> all 01:32:33.350 --> 01:32:33.360 align:start position:0% on competitives too but there's all 01:32:33.360 --> 01:32:35.110 align:start position:0% on competitives too but there's all these<01:32:33.520> other<01:32:33.840> variables 01:32:35.110 --> 01:32:35.120 align:start position:0% these other variables 01:32:35.120 --> 01:32:37.510 align:start position:0% these other variables the<01:32:35.199> other<01:32:35.360> benefit<01:32:35.760> of<01:32:35.920> a<01:32:36.320> of<01:32:36.639> a<01:32:36.800> negotiated 01:32:37.510 --> 01:32:37.520 align:start position:0% the other benefit of a of a negotiated 01:32:37.520 --> 01:32:38.390 align:start position:0% the other benefit of a of a negotiated sale 01:32:38.390 --> 01:32:38.400 align:start position:0% sale 01:32:38.400 --> 01:32:39.990 align:start position:0% sale is<01:32:38.560> you<01:32:38.719> could<01:32:38.880> actually<01:32:39.199> pull<01:32:39.440> the<01:32:39.520> deal<01:32:39.760> off 01:32:39.990 --> 01:32:40.000 align:start position:0% is you could actually pull the deal off 01:32:40.000 --> 01:32:41.270 align:start position:0% is you could actually pull the deal off the<01:32:40.159> table 01:32:41.270 --> 01:32:41.280 align:start position:0% the table 01:32:41.280 --> 01:32:42.229 align:start position:0% the table so 01:32:42.229 --> 01:32:42.239 align:start position:0% so 01:32:42.239 --> 01:32:43.350 align:start position:0% so um 01:32:43.350 --> 01:32:43.360 align:start position:0% um 01:32:43.360 --> 01:32:45.110 align:start position:0% um sort<01:32:43.520> of<01:32:43.679> our<01:32:43.760> drop<01:32:44.080> dead<01:32:44.400> period<01:32:44.800> on<01:32:44.880> this 01:32:45.110 --> 01:32:45.120 align:start position:0% sort of our drop dead period on this 01:32:45.120 --> 01:32:46.629 align:start position:0% sort of our drop dead period on this when<01:32:45.360> we<01:32:45.440> could<01:32:45.600> pull<01:32:45.760> the<01:32:46.000> deal<01:32:46.320> off<01:32:46.480> the 01:32:46.629 --> 01:32:46.639 align:start position:0% when we could pull the deal off the 01:32:46.639 --> 01:32:48.790 align:start position:0% when we could pull the deal off the table<01:32:47.360> would<01:32:47.520> be<01:32:47.679> at<01:32:47.760> the<01:32:47.840> end<01:32:48.000> of<01:32:48.159> october 01:32:48.790 --> 01:32:48.800 align:start position:0% table would be at the end of october 01:32:48.800 --> 01:32:50.310 align:start position:0% table would be at the end of october because 01:32:50.310 --> 01:32:50.320 align:start position:0% because 01:32:50.320 --> 01:32:51.430 align:start position:0% because you'd<01:32:50.560> have<01:32:50.639> to<01:32:50.719> pull<01:32:50.880> it<01:32:51.040> off<01:32:51.120> before<01:32:51.360> you 01:32:51.430 --> 01:32:51.440 align:start position:0% you'd have to pull it off before you 01:32:51.440 --> 01:32:53.750 align:start position:0% you'd have to pull it off before you went<01:32:51.600> out<01:32:51.760> and<01:32:51.840> got<01:32:52.000> and<01:32:52.400> did<01:32:52.560> your<01:32:52.719> pricing 01:32:53.750 --> 01:32:53.760 align:start position:0% went out and got and did your pricing 01:32:53.760 --> 01:32:55.270 align:start position:0% went out and got and did your pricing so<01:32:54.239> we're<01:32:54.480> not<01:32:54.560> going<01:32:54.639> to<01:32:54.719> let<01:32:54.880> the<01:32:55.120> the 01:32:55.270 --> 01:32:55.280 align:start position:0% so we're not going to let the the 01:32:55.280 --> 01:32:57.669 align:start position:0% so we're not going to let the the underwriter's<01:32:55.760> desk<01:32:56.080> run<01:32:56.400> this<01:32:56.800> sale 01:32:57.669 --> 01:32:57.679 align:start position:0% underwriter's desk run this sale 01:32:57.679 --> 01:32:59.270 align:start position:0% underwriter's desk run this sale um 01:32:59.270 --> 01:32:59.280 align:start position:0% um 01:32:59.280 --> 01:33:01.030 align:start position:0% um unless<01:32:59.600> unless<01:32:59.920> we're<01:33:00.080> going<01:33:00.159> to<01:33:00.239> go 01:33:01.030 --> 01:33:01.040 align:start position:0% unless unless we're going to go 01:33:01.040 --> 01:33:02.470 align:start position:0% unless unless we're going to go through<01:33:01.360> us<01:33:01.679> and 01:33:02.470 --> 01:33:02.480 align:start position:0% through us and 01:33:02.480 --> 01:33:04.950 align:start position:0% through us and the<01:33:02.719> the<01:33:02.880> benefit<01:33:03.280> of<01:33:03.360> that<01:33:03.600> is<01:33:03.760> if 01:33:04.950 --> 01:33:04.960 align:start position:0% the the benefit of that is if 01:33:04.960 --> 01:33:06.629 align:start position:0% the the benefit of that is if we<01:33:05.520> think 01:33:06.629 --> 01:33:06.639 align:start position:0% we think 01:33:06.639 --> 01:33:09.189 align:start position:0% we think through<01:33:07.120> our<01:33:07.120> our<01:33:07.600> best<01:33:07.920> guests<01:33:08.320> and 01:33:09.189 --> 01:33:09.199 align:start position:0% through our our best guests and 01:33:09.199 --> 01:33:10.709 align:start position:0% through our our best guests and advocacy<01:33:09.760> groups<01:33:10.000> if<01:33:10.159> there<01:33:10.320> is<01:33:10.480> some 01:33:10.709 --> 01:33:10.719 align:start position:0% advocacy groups if there is some 01:33:10.719 --> 01:33:13.669 align:start position:0% advocacy groups if there is some movement<01:33:11.600> on<01:33:11.840> the<01:33:12.000> advanced<01:33:12.320> refundings 01:33:13.669 --> 01:33:13.679 align:start position:0% movement on the advanced refundings 01:33:13.679 --> 01:33:15.990 align:start position:0% movement on the advanced refundings then<01:33:14.400> we<01:33:14.560> would<01:33:14.800> pull<01:33:14.960> it<01:33:15.120> off 01:33:15.990 --> 01:33:16.000 align:start position:0% then we would pull it off 01:33:16.000 --> 01:33:16.870 align:start position:0% then we would pull it off uh 01:33:16.870 --> 01:33:16.880 align:start position:0% uh 01:33:16.880 --> 01:33:18.550 align:start position:0% uh in<01:33:17.040> the<01:33:17.120> next<01:33:17.440> week 01:33:18.550 --> 01:33:18.560 align:start position:0% in the next week 01:33:18.560 --> 01:33:20.709 align:start position:0% in the next week i've<01:33:18.800> asked<01:33:19.280> for<01:33:19.520> numbers<01:33:20.000> to<01:33:20.080> say<01:33:20.320> well<01:33:20.480> what 01:33:20.709 --> 01:33:20.719 align:start position:0% i've asked for numbers to say well what 01:33:20.719 --> 01:33:22.790 align:start position:0% i've asked for numbers to say well what would<01:33:20.960> happen<01:33:21.920> uh 01:33:22.790 --> 01:33:22.800 align:start position:0% would happen uh 01:33:22.800 --> 01:33:25.350 align:start position:0% would happen uh not<01:33:22.960> quite<01:33:23.280> a<01:33:23.440> shock<01:33:23.920> test<01:33:24.239> that 01:33:25.350 --> 01:33:25.360 align:start position:0% not quite a shock test that 01:33:25.360 --> 01:33:27.669 align:start position:0% not quite a shock test that our<01:33:25.520> bank<01:33:25.760> of<01:33:25.920> friends<01:33:26.159> might<01:33:26.480> do<01:33:26.719> on<01:33:26.880> a 01:33:27.669 --> 01:33:27.679 align:start position:0% our bank of friends might do on a 01:33:27.679 --> 01:33:28.950 align:start position:0% our bank of friends might do on a on 01:33:28.950 --> 01:33:28.960 align:start position:0% on 01:33:28.960 --> 01:33:31.030 align:start position:0% on deposits<01:33:29.600> and<01:33:29.760> loans<01:33:30.159> but 01:33:31.030 --> 01:33:31.040 align:start position:0% deposits and loans but 01:33:31.040 --> 01:33:33.350 align:start position:0% deposits and loans but basically<01:33:31.520> to<01:33:31.679> look<01:33:31.920> at<01:33:32.080> it<01:33:32.239> and<01:33:32.480> say 01:33:33.350 --> 01:33:33.360 align:start position:0% basically to look at it and say 01:33:33.360 --> 01:33:34.830 align:start position:0% basically to look at it and say okay 01:33:34.830 --> 01:33:34.840 align:start position:0% okay 01:33:34.840 --> 01:33:36.470 align:start position:0% okay um 01:33:36.470 --> 01:33:36.480 align:start position:0% um 01:33:36.480 --> 01:33:38.390 align:start position:0% um what<01:33:36.719> would<01:33:36.960> happen<01:33:37.360> if<01:33:37.520> interest<01:33:37.920> rates<01:33:38.159> went 01:33:38.390 --> 01:33:38.400 align:start position:0% what would happen if interest rates went 01:33:38.400 --> 01:33:39.030 align:start position:0% what would happen if interest rates went up 01:33:39.030 --> 01:33:39.040 align:start position:0% up 01:33:39.040 --> 01:33:41.669 align:start position:0% up 100<01:33:39.520> basis<01:33:40.000> points<01:33:40.239> from<01:33:40.560> from<01:33:40.800> now<01:33:41.120> so<01:33:41.360> 50 01:33:41.669 --> 01:33:41.679 align:start position:0% 100 basis points from from now so 50 01:33:41.679 --> 01:33:43.270 align:start position:0% 100 basis points from from now so 50 basis<01:33:42.000> points<01:33:42.320> a<01:33:42.400> year 01:33:43.270 --> 01:33:43.280 align:start position:0% basis points a year 01:33:43.280 --> 01:33:44.070 align:start position:0% basis points a year uh 01:33:44.070 --> 01:33:44.080 align:start position:0% uh 01:33:44.080 --> 01:33:46.550 align:start position:0% uh is<01:33:44.239> that<01:33:44.719> a<01:33:44.880> possible<01:33:45.280> reasonable<01:33:45.679> scenario 01:33:46.550 --> 01:33:46.560 align:start position:0% is that a possible reasonable scenario 01:33:46.560 --> 01:33:47.750 align:start position:0% is that a possible reasonable scenario could<01:33:46.719> be<01:33:46.880> i<01:33:46.960> mean<01:33:47.120> you<01:33:47.199> know<01:33:47.360> what<01:33:47.440> the<01:33:47.600> fed 01:33:47.750 --> 01:33:47.760 align:start position:0% could be i mean you know what the fed 01:33:47.760 --> 01:33:50.390 align:start position:0% could be i mean you know what the fed was<01:33:47.920> talking<01:33:48.159> about<01:33:48.560> tapering<01:33:49.120> and<01:33:49.199> stuff 01:33:50.390 --> 01:33:50.400 align:start position:0% was talking about tapering and stuff 01:33:50.400 --> 01:33:52.870 align:start position:0% was talking about tapering and stuff uh<01:33:50.719> and<01:33:50.880> then<01:33:51.040> we<01:33:51.199> would<01:33:51.440> sell<01:33:52.080> at<01:33:52.320> tax<01:33:52.560> exempt 01:33:52.870 --> 01:33:52.880 align:start position:0% uh and then we would sell at tax exempt 01:33:52.880 --> 01:33:54.870 align:start position:0% uh and then we would sell at tax exempt because<01:33:53.040> we'd<01:33:53.280> be<01:33:53.600> up<01:33:54.000> we'd<01:33:54.159> be<01:33:54.320> within<01:33:54.560> 90 01:33:54.870 --> 01:33:54.880 align:start position:0% because we'd be up we'd be within 90 01:33:54.880 --> 01:33:56.470 align:start position:0% because we'd be up we'd be within 90 days<01:33:55.120> of<01:33:55.199> the<01:33:55.280> call<01:33:55.520> date 01:33:56.470 --> 01:33:56.480 align:start position:0% days of the call date 01:33:56.480 --> 01:33:57.830 align:start position:0% days of the call date you<01:33:56.639> know<01:33:56.800> what<01:33:56.960> does<01:33:57.120> that<01:33:57.280> look<01:33:57.520> like<01:33:57.679> so 01:33:57.830 --> 01:33:57.840 align:start position:0% you know what does that look like so 01:33:57.840 --> 01:33:59.350 align:start position:0% you know what does that look like so that's<01:33:58.000> another<01:33:58.239> thing<01:33:58.400> we're<01:33:58.560> going<01:33:58.639> to<01:33:58.719> be 01:33:59.350 --> 01:33:59.360 align:start position:0% that's another thing we're going to be 01:33:59.360 --> 01:34:01.110 align:start position:0% that's another thing we're going to be looking<01:33:59.679> at<01:34:00.000> but 01:34:01.110 --> 01:34:01.120 align:start position:0% looking at but 01:34:01.120 --> 01:34:04.550 align:start position:0% looking at but but<01:34:01.280> right<01:34:01.520> now<01:34:01.920> we<01:34:02.320> are<01:34:03.040> are<01:34:03.600> moving 01:34:04.550 --> 01:34:04.560 align:start position:0% but right now we are are moving 01:34:04.560 --> 01:34:06.070 align:start position:0% but right now we are are moving uh<01:34:04.960> forward 01:34:06.070 --> 01:34:06.080 align:start position:0% uh forward 01:34:06.080 --> 01:34:07.510 align:start position:0% uh forward we<01:34:06.239> are<01:34:06.400> actually 01:34:07.510 --> 01:34:07.520 align:start position:0% we are actually 01:34:07.520 --> 01:34:10.149 align:start position:0% we are actually putting<01:34:07.840> together<01:34:08.239> a<01:34:08.639> bond<01:34:08.960> prospectus<01:34:09.920> with 01:34:10.149 --> 01:34:10.159 align:start position:0% putting together a bond prospectus with 01:34:10.159 --> 01:34:12.790 align:start position:0% putting together a bond prospectus with the<01:34:10.320> intent<01:34:10.719> to<01:34:10.880> be<01:34:10.960> in<01:34:11.120> a<01:34:11.199> position<01:34:11.760> to 01:34:12.790 --> 01:34:12.800 align:start position:0% the intent to be in a position to 01:34:12.800 --> 01:34:14.790 align:start position:0% the intent to be in a position to price<01:34:13.120> at<01:34:13.199> the<01:34:13.360> end<01:34:13.440> of<01:34:13.600> the<01:34:13.679> month<01:34:13.920> but 01:34:14.790 --> 01:34:14.800 align:start position:0% price at the end of the month but 01:34:14.800 --> 01:34:16.390 align:start position:0% price at the end of the month but it<01:34:14.960> but<01:34:15.199> also 01:34:16.390 --> 01:34:16.400 align:start position:0% it but also 01:34:16.400 --> 01:34:18.310 align:start position:0% it but also retain<01:34:16.800> some<01:34:17.040> level<01:34:17.280> of<01:34:17.360> flexibility<01:34:18.000> that<01:34:18.159> if 01:34:18.310 --> 01:34:18.320 align:start position:0% retain some level of flexibility that if 01:34:18.320 --> 01:34:19.030 align:start position:0% retain some level of flexibility that if the 01:34:19.030 --> 01:34:19.040 align:start position:0% the 01:34:19.040 --> 01:34:20.709 align:start position:0% the legislative<01:34:19.600> environment<01:34:20.080> changes<01:34:20.400> we<01:34:20.560> could 01:34:20.709 --> 01:34:20.719 align:start position:0% legislative environment changes we could 01:34:20.719 --> 01:34:22.870 align:start position:0% legislative environment changes we could actually<01:34:21.520> pull<01:34:21.679> it<01:34:21.840> off<01:34:22.080> and<01:34:22.320> what<01:34:22.480> we<01:34:22.639> wanted 01:34:22.870 --> 01:34:22.880 align:start position:0% actually pull it off and what we wanted 01:34:22.880 --> 01:34:24.870 align:start position:0% actually pull it off and what we wanted to<01:34:22.960> communicate<01:34:23.440> to<01:34:23.600> the<01:34:23.679> board<01:34:24.000> was 01:34:24.870 --> 01:34:24.880 align:start position:0% to communicate to the board was 01:34:24.880 --> 01:34:26.950 align:start position:0% to communicate to the board was kind<01:34:25.120> of<01:34:25.199> what<01:34:25.360> we're<01:34:25.520> thinking<01:34:26.400> get<01:34:26.639> your 01:34:26.950 --> 01:34:26.960 align:start position:0% kind of what we're thinking get your 01:34:26.960 --> 01:34:28.149 align:start position:0% kind of what we're thinking get your feedback 01:34:28.149 --> 01:34:28.159 align:start position:0% feedback 01:34:28.159 --> 01:34:30.550 align:start position:0% feedback what<01:34:28.400> our<01:34:28.480> strategy<01:34:29.040> is<01:34:29.199> for 01:34:30.550 --> 01:34:30.560 align:start position:0% what our strategy is for 01:34:30.560 --> 01:34:33.430 align:start position:0% what our strategy is for enhancing<01:34:31.199> the<01:34:31.360> savings<01:34:31.920> to<01:34:32.159> offset<01:34:32.480> the<01:34:32.880> tax 01:34:33.430 --> 01:34:33.440 align:start position:0% enhancing the savings to offset the tax 01:34:33.440 --> 01:34:35.590 align:start position:0% enhancing the savings to offset the tax tax<01:34:33.679> exempt<01:34:34.000> taxable<01:34:34.560> difference 01:34:35.590 --> 01:34:35.600 align:start position:0% tax exempt taxable difference 01:34:35.600 --> 01:34:38.149 align:start position:0% tax exempt taxable difference and<01:34:35.760> to<01:34:36.000> show<01:34:36.239> you<01:34:36.400> that<01:34:36.639> that<01:34:36.880> restructuring 01:34:38.149 --> 01:34:38.159 align:start position:0% and to show you that that restructuring 01:34:38.159 --> 01:34:41.750 align:start position:0% and to show you that that restructuring uh<01:34:38.480> doesn't<01:34:38.960> unduly<01:34:39.520> tie<01:34:39.840> our<01:34:40.000> hands<01:34:40.400> for<01:34:40.800> any 01:34:41.750 --> 01:34:41.760 align:start position:0% uh doesn't unduly tie our hands for any 01:34:41.760 --> 01:34:43.590 align:start position:0% uh doesn't unduly tie our hands for any future<01:34:42.159> issues<01:34:42.719> uh 01:34:43.590 --> 01:34:43.600 align:start position:0% future issues uh 01:34:43.600 --> 01:34:45.830 align:start position:0% future issues uh down<01:34:43.840> the<01:34:43.920> road<01:34:44.159> unless<01:34:44.480> they<01:34:44.719> are<01:34:45.280> a<01:34:45.440> very 01:34:45.830 --> 01:34:45.840 align:start position:0% down the road unless they are a very 01:34:45.840 --> 01:34:46.990 align:start position:0% down the road unless they are a very large 01:34:46.990 --> 01:34:47.000 align:start position:0% large 01:34:47.000 --> 01:34:49.590 align:start position:0% large unanticipated<01:34:48.080> issue 01:34:49.590 --> 01:34:49.600 align:start position:0% unanticipated issue 01:34:49.600 --> 01:34:52.870 align:start position:0% unanticipated issue thanks<01:34:49.920> jim<01:34:50.239> so<01:34:50.880> at<01:34:51.040> this<01:34:51.280> point<01:34:51.920> your<01:34:52.159> options 01:34:52.870 --> 01:34:52.880 align:start position:0% thanks jim so at this point your options 01:34:52.880 --> 01:34:54.709 align:start position:0% thanks jim so at this point your options are<01:34:53.280> only<01:34:53.600> to<01:34:53.840> issue 01:34:54.709 --> 01:34:54.719 align:start position:0% are only to issue 01:34:54.719 --> 01:34:56.070 align:start position:0% are only to issue taxable 01:34:56.070 --> 01:34:56.080 align:start position:0% taxable 01:34:56.080 --> 01:34:57.830 align:start position:0% taxable bonds<01:34:56.480> for<01:34:56.639> refunding 01:34:57.830 --> 01:34:57.840 align:start position:0% bonds for refunding 01:34:57.840 --> 01:35:00.470 align:start position:0% bonds for refunding and<01:34:58.159> so<01:34:58.719> really<01:34:59.040> the<01:34:59.360> two<01:34:59.600> scenarios<01:35:00.159> that<01:35:00.239> jim 01:35:00.470 --> 01:35:00.480 align:start position:0% and so really the two scenarios that jim 01:35:00.480 --> 01:35:03.669 align:start position:0% and so really the two scenarios that jim was<01:35:00.719> showing<01:35:01.119> us<01:35:01.280> is<01:35:01.440> that<01:35:02.080> his<01:35:02.719> this<01:35:03.199> a 01:35:03.669 --> 01:35:03.679 align:start position:0% was showing us is that his this a 01:35:03.679 --> 01:35:05.590 align:start position:0% was showing us is that his this a scenario<01:35:04.400> which<01:35:04.639> is 01:35:05.590 --> 01:35:05.600 align:start position:0% scenario which is 01:35:05.600 --> 01:35:08.350 align:start position:0% scenario which is shows<01:35:06.000> a<01:35:06.560> a<01:35:06.800> savings<01:35:07.280> of<01:35:07.600> some 01:35:08.350 --> 01:35:08.360 align:start position:0% shows a a savings of some 01:35:08.360 --> 01:35:10.870 align:start position:0% shows a a savings of some 507<01:35:09.520> 000 01:35:10.870 --> 01:35:10.880 align:start position:0% 507 000 01:35:10.880 --> 01:35:12.390 align:start position:0% 507 000 and<01:35:11.119> the 01:35:12.390 --> 01:35:12.400 align:start position:0% and the 01:35:12.400 --> 01:35:13.350 align:start position:0% and the the<01:35:12.639> other 01:35:13.350 --> 01:35:13.360 align:start position:0% the other 01:35:13.360 --> 01:35:15.430 align:start position:0% the other c<01:35:14.159> item<01:35:14.560> c 01:35:15.430 --> 01:35:15.440 align:start position:0% c item c 01:35:15.440 --> 01:35:18.070 align:start position:0% c item c which<01:35:15.920> uh<01:35:16.320> is<01:35:16.560> included<01:35:16.960> in<01:35:17.119> his<01:35:17.600> estimate 01:35:18.070 --> 01:35:18.080 align:start position:0% which uh is included in his estimate 01:35:18.080 --> 01:35:19.270 align:start position:0% which uh is included in his estimate there 01:35:19.270 --> 01:35:19.280 align:start position:0% there 01:35:19.280 --> 01:35:20.709 align:start position:0% there which<01:35:19.600> shows<01:35:19.920> the 01:35:20.709 --> 01:35:20.719 align:start position:0% which shows the 01:35:20.719 --> 01:35:22.709 align:start position:0% which shows the savings<01:35:21.119> of<01:35:21.280> a<01:35:21.679> present<01:35:22.000> value<01:35:22.239> of<01:35:22.320> savings 01:35:22.709 --> 01:35:22.719 align:start position:0% savings of a present value of savings 01:35:22.719 --> 01:35:24.550 align:start position:0% savings of a present value of savings approximately<01:35:23.600> a<01:35:23.679> million<01:35:24.000> ninety<01:35:24.320> two 01:35:24.550 --> 01:35:24.560 align:start position:0% approximately a million ninety two 01:35:24.560 --> 01:35:25.510 align:start position:0% approximately a million ninety two thousand 01:35:25.510 --> 01:35:25.520 align:start position:0% thousand 01:35:25.520 --> 01:35:27.189 align:start position:0% thousand so<01:35:25.679> those<01:35:25.840> are<01:35:26.000> really<01:35:26.159> the<01:35:26.320> only<01:35:26.719> options 01:35:27.189 --> 01:35:27.199 align:start position:0% so those are really the only options 01:35:27.199 --> 01:35:28.709 align:start position:0% so those are really the only options right<01:35:27.440> now 01:35:28.709 --> 01:35:28.719 align:start position:0% right now 01:35:28.719 --> 01:35:30.870 align:start position:0% right now again<01:35:29.040> because<01:35:29.440> the 01:35:30.870 --> 01:35:30.880 align:start position:0% again because the 01:35:30.880 --> 01:35:32.229 align:start position:0% again because the the<01:35:31.040> ban<01:35:31.360> against 01:35:32.229 --> 01:35:32.239 align:start position:0% the ban against 01:35:32.239 --> 01:35:36.070 align:start position:0% the ban against issuing<01:35:32.719> tax<01:35:33.040> exempts<01:35:33.840> in<01:35:34.000> order<01:35:34.239> to<01:35:34.400> refund 01:35:36.070 --> 01:35:36.080 align:start position:0% issuing tax exempts in order to refund 01:35:36.080 --> 01:35:39.350 align:start position:0% issuing tax exempts in order to refund so<01:35:36.800> jim<01:35:37.040> has<01:35:37.760> worked<01:35:38.080> with<01:35:38.239> the 01:35:39.350 --> 01:35:39.360 align:start position:0% so jim has worked with the 01:35:39.360 --> 01:35:41.750 align:start position:0% so jim has worked with the advisors<01:35:40.000> to<01:35:40.400> restructure<01:35:41.040> the<01:35:41.119> maturities 01:35:41.750 --> 01:35:41.760 align:start position:0% advisors to restructure the maturities 01:35:41.760 --> 01:35:44.149 align:start position:0% advisors to restructure the maturities in<01:35:41.840> order<01:35:42.080> to 01:35:44.149 --> 01:35:44.159 align:start position:0% in order to 01:35:44.159 --> 01:35:46.629 align:start position:0% in order to to<01:35:44.800> to<01:35:45.040> enable<01:35:45.360> the<01:35:45.600> savings<01:35:46.000> and<01:35:46.159> also<01:35:46.480> give 01:35:46.629 --> 01:35:46.639 align:start position:0% to to enable the savings and also give 01:35:46.639 --> 01:35:48.629 align:start position:0% to to enable the savings and also give us<01:35:46.800> some<01:35:47.040> flexibility<01:35:47.679> for<01:35:47.840> future<01:35:48.159> bonding 01:35:48.629 --> 01:35:48.639 align:start position:0% us some flexibility for future bonding 01:35:48.639 --> 01:35:49.590 align:start position:0% us some flexibility for future bonding so 01:35:49.590 --> 01:35:49.600 align:start position:0% so 01:35:49.600 --> 01:35:51.830 align:start position:0% so again<01:35:49.920> it's<01:35:50.480> we're<01:35:50.639> not<01:35:50.800> the<01:35:51.040> experts<01:35:51.520> on<01:35:51.600> this 01:35:51.830 --> 01:35:51.840 align:start position:0% again it's we're not the experts on this 01:35:51.840 --> 01:35:54.470 align:start position:0% again it's we're not the experts on this we<01:35:52.000> understand<01:35:52.639> it<01:35:52.880> but<01:35:53.199> uh<01:35:53.760> jim<01:35:54.000> is<01:35:54.159> working 01:35:54.470 --> 01:35:54.480 align:start position:0% we understand it but uh jim is working 01:35:54.480 --> 01:35:57.189 align:start position:0% we understand it but uh jim is working with<01:35:54.639> the<01:35:54.800> experts<01:35:56.000> um 01:35:57.189 --> 01:35:57.199 align:start position:0% with the experts um 01:35:57.199 --> 01:35:58.229 align:start position:0% with the experts um and 01:35:58.229 --> 01:35:58.239 align:start position:0% and 01:35:58.239 --> 01:35:59.990 align:start position:0% and i<01:35:58.480> think<01:35:58.719> that<01:35:58.960> you've<01:35:59.119> done<01:35:59.360> your<01:35:59.520> homework 01:35:59.990 --> 01:36:00.000 align:start position:0% i think that you've done your homework 01:36:00.000 --> 01:36:01.189 align:start position:0% i think that you've done your homework for<01:36:00.159> sure 01:36:01.189 --> 01:36:01.199 align:start position:0% for sure 01:36:01.199 --> 01:36:02.070 align:start position:0% for sure so 01:36:02.070 --> 01:36:02.080 align:start position:0% so 01:36:02.080 --> 01:36:04.310 align:start position:0% so do<01:36:02.239> you<01:36:02.320> need<01:36:02.560> a<01:36:02.639> resolution<01:36:03.280> from<01:36:03.600> us<01:36:03.920> or<01:36:04.080> you 01:36:04.310 --> 01:36:04.320 align:start position:0% do you need a resolution from us or you 01:36:04.320 --> 01:36:06.470 align:start position:0% do you need a resolution from us or you just<01:36:04.480> need<01:36:04.719> a<01:36:04.800> consensus<01:36:05.520> of<01:36:05.679> the<01:36:05.920> board<01:36:06.320> or 01:36:06.470 --> 01:36:06.480 align:start position:0% just need a consensus of the board or 01:36:06.480 --> 01:36:07.590 align:start position:0% just need a consensus of the board or what<01:36:06.639> would<01:36:06.719> you<01:36:06.880> like 01:36:07.590 --> 01:36:07.600 align:start position:0% what would you like 01:36:07.600 --> 01:36:10.470 align:start position:0% what would you like just<01:36:07.920> just<01:36:08.159> some<01:36:08.880> uh<01:36:09.119> some<01:36:09.760> consensus<01:36:10.320> would 01:36:10.470 --> 01:36:10.480 align:start position:0% just just some uh some consensus would 01:36:10.480 --> 01:36:12.550 align:start position:0% just just some uh some consensus would be<01:36:10.719> fine<01:36:11.040> or<01:36:11.440> is<01:36:11.600> there<01:36:11.760> something<01:36:12.159> that<01:36:12.400> i'm 01:36:12.550 --> 01:36:12.560 align:start position:0% be fine or is there something that i'm 01:36:12.560 --> 01:36:14.709 align:start position:0% be fine or is there something that i'm not<01:36:12.800> considering<01:36:13.360> or<01:36:13.840> is<01:36:14.000> there<01:36:14.159> a<01:36:14.239> benefit<01:36:14.639> of 01:36:14.709 --> 01:36:14.719 align:start position:0% not considering or is there a benefit of 01:36:14.719 --> 01:36:16.950 align:start position:0% not considering or is there a benefit of waiting<01:36:15.119> is<01:36:15.280> it<01:36:15.520> i<01:36:15.760> think<01:36:16.320> you<01:36:16.400> know<01:36:16.560> again 01:36:16.950 --> 01:36:16.960 align:start position:0% waiting is it i think you know again 01:36:16.960 --> 01:36:19.750 align:start position:0% waiting is it i think you know again you're<01:36:17.280> closer<01:36:17.679> to<01:36:17.840> this<01:36:18.000> than<01:36:18.239> we<01:36:18.480> are<01:36:18.880> um 01:36:19.750 --> 01:36:19.760 align:start position:0% you're closer to this than we are um 01:36:19.760 --> 01:36:21.669 align:start position:0% you're closer to this than we are um you've<01:36:20.000> engaged<01:36:20.480> the<01:36:20.639> experts<01:36:21.280> do<01:36:21.440> we<01:36:21.520> have 01:36:21.669 --> 01:36:21.679 align:start position:0% you've engaged the experts do we have 01:36:21.679 --> 01:36:26.629 align:start position:0% you've engaged the experts do we have other<01:36:22.000> we<01:36:22.080> have<01:36:22.320> questions<01:36:22.639> for<01:36:22.800> you<01:36:23.360> comments 01:36:26.629 --> 01:36:26.639 align:start position:0% 01:36:26.639 --> 01:36:28.709 align:start position:0% i'm<01:36:26.800> sorry<01:36:26.960> what's<01:36:27.199> that<01:36:27.760> are<01:36:27.920> we<01:36:28.159> receiving<01:36:28.560> a 01:36:28.709 --> 01:36:28.719 align:start position:0% i'm sorry what's that are we receiving a 01:36:28.719 --> 01:36:31.270 align:start position:0% i'm sorry what's that are we receiving a funding<01:36:29.199> fee 01:36:31.270 --> 01:36:31.280 align:start position:0% funding fee 01:36:31.280 --> 01:36:32.870 align:start position:0% funding fee when<01:36:31.440> you<01:36:31.600> say<01:36:31.840> are<01:36:32.000> we<01:36:32.159> receiving<01:36:32.639> you<01:36:32.719> mean 01:36:32.870 --> 01:36:32.880 align:start position:0% when you say are we receiving you mean 01:36:32.880 --> 01:36:34.870 align:start position:0% when you say are we receiving you mean like 01:36:34.870 --> 01:36:34.880 align:start position:0% like 01:36:34.880 --> 01:36:36.629 align:start position:0% like when<01:36:35.040> you<01:36:35.119> say<01:36:35.360> are<01:36:35.440> we<01:36:35.679> funding 01:36:36.629 --> 01:36:36.639 align:start position:0% when you say are we funding 01:36:36.639 --> 01:36:48.550 align:start position:0% when you say are we funding are 01:36:48.550 --> 01:36:48.560 align:start position:0% 01:36:48.560 --> 01:36:50.629 align:start position:0% on<01:36:48.719> the<01:36:48.880> taxable<01:36:49.600> side 01:36:50.629 --> 01:36:50.639 align:start position:0% on the taxable side 01:36:50.639 --> 01:36:52.790 align:start position:0% on the taxable side uh<01:36:51.360> you<01:36:51.440> know<01:36:51.520> one<01:36:51.679> of<01:36:51.840> the<01:36:51.920> things<01:36:52.159> that<01:36:52.560> we're 01:36:52.790 --> 01:36:52.800 align:start position:0% uh you know one of the things that we're 01:36:52.800 --> 01:36:56.070 align:start position:0% uh you know one of the things that we're not<01:36:53.040> uh<01:36:53.760> getting<01:36:54.239> is<01:36:54.480> the<01:36:54.880> premiums<01:36:55.520> so<01:36:55.840> on<01:36:56.000> a 01:36:56.070 --> 01:36:56.080 align:start position:0% not uh getting is the premiums so on a 01:36:56.080 --> 01:36:58.709 align:start position:0% not uh getting is the premiums so on a tax<01:36:56.400> exempt<01:36:56.880> issue<01:36:57.600> you<01:36:57.760> typically<01:36:58.159> get<01:36:58.400> up<01:36:58.560> on 01:36:58.709 --> 01:36:58.719 align:start position:0% tax exempt issue you typically get up on 01:36:58.719 --> 01:37:00.390 align:start position:0% tax exempt issue you typically get up on premium<01:36:59.040> is<01:36:59.119> that<01:36:59.199> what<01:36:59.360> you're<01:36:59.520> asking<01:37:00.159> oh 01:37:00.390 --> 01:37:00.400 align:start position:0% premium is that what you're asking oh 01:37:00.400 --> 01:37:02.149 align:start position:0% premium is that what you're asking oh okay<01:37:00.719> all<01:37:00.800> right<01:37:01.119> now<01:37:01.280> there<01:37:01.440> is<01:37:01.520> no<01:37:01.679> premium 01:37:02.149 --> 01:37:02.159 align:start position:0% okay all right now there is no premium 01:37:02.159 --> 01:37:03.510 align:start position:0% okay all right now there is no premium yeah<01:37:02.320> there<01:37:02.400> is<01:37:02.480> no<01:37:02.639> premium<01:37:03.040> on<01:37:03.119> it<01:37:03.280> on<01:37:03.440> the 01:37:03.510 --> 01:37:03.520 align:start position:0% yeah there is no premium on it on the 01:37:03.520 --> 01:37:04.950 align:start position:0% yeah there is no premium on it on the taxables 01:37:04.950 --> 01:37:04.960 align:start position:0% taxables 01:37:04.960 --> 01:37:06.390 align:start position:0% taxables so<01:37:05.280> under<01:37:05.600> the 01:37:06.390 --> 01:37:06.400 align:start position:0% so under the 01:37:06.400 --> 01:37:09.270 align:start position:0% so under the b<01:37:06.639> and<01:37:06.719> d<01:37:06.960> there<01:37:07.199> would<01:37:07.280> be<01:37:07.840> premiums<01:37:08.880> paid<01:37:09.199> and 01:37:09.270 --> 01:37:09.280 align:start position:0% b and d there would be premiums paid and 01:37:09.280 --> 01:37:11.750 align:start position:0% b and d there would be premiums paid and you've<01:37:09.840> even 01:37:11.750 --> 01:37:11.760 align:start position:0% you've even 01:37:11.760 --> 01:37:13.590 align:start position:0% you've even earned<01:37:12.000> those<01:37:12.239> in<01:37:12.320> the<01:37:12.400> pa<01:37:12.719> prior<01:37:13.119> you've<01:37:13.440> been 01:37:13.590 --> 01:37:13.600 align:start position:0% earned those in the pa prior you've been 01:37:13.600 --> 01:37:15.189 align:start position:0% earned those in the pa prior you've been awarded<01:37:14.000> those<01:37:14.159> in<01:37:14.239> the<01:37:14.400> prior<01:37:14.639> based<01:37:14.960> on<01:37:15.040> some 01:37:15.189 --> 01:37:15.199 align:start position:0% awarded those in the prior based on some 01:37:15.199 --> 01:37:18.050 align:start position:0% awarded those in the prior based on some of<01:37:15.280> the<01:37:15.360> other<01:37:15.600> funding<01:37:15.920> but<01:37:16.080> not<01:37:16.320> on<01:37:16.400> this<01:37:16.639> but 01:37:18.050 --> 01:37:18.060 align:start position:0% of the other funding but not on this but 01:37:18.060 --> 01:37:19.510 align:start position:0% of the other funding but not on this but [Music] 01:37:19.510 --> 01:37:19.520 align:start position:0% [Music] 01:37:19.520 --> 01:37:21.750 align:start position:0% [Music] other<01:37:20.239> questions<01:37:20.880> victor 01:37:21.750 --> 01:37:21.760 align:start position:0% other questions victor 01:37:21.760 --> 01:37:23.430 align:start position:0% other questions victor seems<01:37:22.000> like<01:37:22.159> a<01:37:22.239> no<01:37:22.400> lose<01:37:23.040> it's<01:37:23.199> a<01:37:23.280> good 01:37:23.430 --> 01:37:23.440 align:start position:0% seems like a no lose it's a good 01:37:23.440 --> 01:37:25.910 align:start position:0% seems like a no lose it's a good strategy<01:37:24.080> jim<01:37:24.320> and<01:37:24.719> i<01:37:24.800> think<01:37:25.199> again<01:37:25.520> it's<01:37:25.840> you 01:37:25.910 --> 01:37:25.920 align:start position:0% strategy jim and i think again it's you 01:37:25.920 --> 01:37:26.870 align:start position:0% strategy jim and i think again it's you know<01:37:26.080> your 01:37:26.870 --> 01:37:26.880 align:start position:0% know your 01:37:26.880 --> 01:37:28.310 align:start position:0% know your caution<01:37:27.440> and 01:37:28.310 --> 01:37:28.320 align:start position:0% caution and 01:37:28.320 --> 01:37:31.430 align:start position:0% caution and in<01:37:28.880> analysis<01:37:29.600> is 01:37:31.430 --> 01:37:31.440 align:start position:0% in analysis is 01:37:31.440 --> 01:37:33.510 align:start position:0% in analysis is very<01:37:31.840> well<01:37:32.080> taken<01:37:32.560> and 01:37:33.510 --> 01:37:33.520 align:start position:0% very well taken and 01:37:33.520 --> 01:37:35.189 align:start position:0% very well taken and we<01:37:33.760> support<01:37:34.480> at<01:37:34.560> this<01:37:34.719> point<01:37:34.960> we're 01:37:35.189 --> 01:37:35.199 align:start position:0% we support at this point we're 01:37:35.199 --> 01:37:36.470 align:start position:0% we support at this point we're supporting<01:37:35.760> uh 01:37:36.470 --> 01:37:36.480 align:start position:0% supporting uh 01:37:36.480 --> 01:37:37.350 align:start position:0% supporting uh your 01:37:37.350 --> 01:37:37.360 align:start position:0% your 01:37:37.360 --> 01:37:38.550 align:start position:0% your uh 01:37:38.550 --> 01:37:38.560 align:start position:0% uh 01:37:38.560 --> 01:37:40.870 align:start position:0% uh the<01:37:38.719> presentation<01:37:39.280> that<01:37:39.360> you<01:37:39.520> made<01:37:39.840> and 01:37:40.870 --> 01:37:40.880 align:start position:0% the presentation that you made and 01:37:40.880 --> 01:37:42.470 align:start position:0% the presentation that you made and if<01:37:41.040> things<01:37:41.360> change<01:37:41.600> before<01:37:41.920> the<01:37:42.159> end<01:37:42.320> of 01:37:42.470 --> 01:37:42.480 align:start position:0% if things change before the end of 01:37:42.480 --> 01:37:43.669 align:start position:0% if things change before the end of october<01:37:42.880> then<01:37:43.119> i'm<01:37:43.199> sure<01:37:43.360> you'll<01:37:43.520> take 01:37:43.669 --> 01:37:43.679 align:start position:0% october then i'm sure you'll take 01:37:43.679 --> 01:37:45.910 align:start position:0% october then i'm sure you'll take advantage<01:37:44.080> of<01:37:44.159> it<01:37:44.239> but<01:37:44.400> keep<01:37:44.639> us<01:37:44.800> posted 01:37:45.910 --> 01:37:45.920 align:start position:0% advantage of it but keep us posted 01:37:45.920 --> 01:37:46.629 align:start position:0% advantage of it but keep us posted and 01:37:46.629 --> 01:37:46.639 align:start position:0% and 01:37:46.639 --> 01:37:48.229 align:start position:0% and again<01:37:46.880> we<01:37:47.040> don't<01:37:47.199> we've<01:37:47.440> already<01:37:47.679> authorized 01:37:48.229 --> 01:37:48.239 align:start position:0% again we don't we've already authorized 01:37:48.239 --> 01:37:50.390 align:start position:0% again we don't we've already authorized this<01:37:48.480> refunding<01:37:49.119> some<01:37:49.280> time<01:37:49.520> ago 01:37:50.390 --> 01:37:50.400 align:start position:0% this refunding some time ago 01:37:50.400 --> 01:37:52.790 align:start position:0% this refunding some time ago and<01:37:50.480> now<01:37:50.719> it's<01:37:50.880> a<01:37:50.960> matter<01:37:51.199> of<01:37:51.840> the<01:37:52.080> timing<01:37:52.480> of 01:37:52.790 --> 01:37:52.800 align:start position:0% and now it's a matter of the timing of 01:37:52.800 --> 01:37:55.750 align:start position:0% and now it's a matter of the timing of when<01:37:52.960> to<01:37:53.119> pull<01:37:53.280> the<01:37:53.440> trigger<01:37:53.760> on<01:37:53.840> this<01:37:54.320> so 01:37:55.750 --> 01:37:55.760 align:start position:0% when to pull the trigger on this so 01:37:55.760 --> 01:38:01.510 align:start position:0% when to pull the trigger on this so thank<01:37:55.920> you<01:37:56.000> for<01:37:56.159> the<01:37:56.320> update 01:38:01.510 --> 01:38:01.520 align:start position:0% 01:38:01.520 --> 01:38:04.310 align:start position:0% okay<01:38:02.080> number<01:38:02.400> 10<01:38:02.719> is<01:38:02.800> a<01:38:02.960> german 01:38:04.310 --> 01:38:04.320 align:start position:0% okay number 10 is a german 01:38:04.320 --> 01:38:06.070 align:start position:0% okay number 10 is a german with<01:38:04.560> no<01:38:04.800> other<01:38:05.199> business<01:38:05.520> to<01:38:05.679> come<01:38:05.840> before 01:38:06.070 --> 01:38:06.080 align:start position:0% with no other business to come before 01:38:06.080 --> 01:38:07.590 align:start position:0% with no other business to come before the<01:38:06.239> board<01:38:06.480> i'll<01:38:06.719> entertain<01:38:07.040> a<01:38:07.119> motion<01:38:07.440> to 01:38:07.590 --> 01:38:07.600 align:start position:0% the board i'll entertain a motion to 01:38:07.600 --> 01:38:09.430 align:start position:0% the board i'll entertain a motion to adjourn 01:38:09.430 --> 01:38:09.440 align:start position:0% adjourn 01:38:09.440 --> 01:38:12.229 align:start position:0% adjourn been<01:38:09.679> moved<01:38:10.080> and<01:38:10.480> seconded 01:38:12.229 --> 01:38:12.239 align:start position:0% been moved and seconded 01:38:12.239 --> 01:38:14.229 align:start position:0% been moved and seconded all<01:38:12.400> in<01:38:12.480> favor 01:38:14.229 --> 01:38:14.239 align:start position:0% all in favor 01:38:14.239 --> 01:38:15.630 align:start position:0% all in favor thank<01:38:14.400> you 01:38:15.630 --> 01:38:15.640 align:start position:0% thank you 01:38:15.640 --> 01:38:17.750 align:start position:0% thank you [Music] 01:38:17.750 --> 01:38:17.760 align:start position:0% [Music] 01:38:17.760 --> 01:38:19.910 align:start position:0% [Music] this<01:38:18.080> program<01:38:18.480> was<01:38:18.719> brought<01:38:18.960> to<01:38:19.040> you<01:38:19.199> in<01:38:19.360> part 01:38:19.910 --> 01:38:19.920 align:start position:0% this program was brought to you in part 01:38:19.920 --> 01:38:21.590 align:start position:0% this program was brought to you in part through<01:38:20.080> the<01:38:20.239> support<01:38:20.800> of<01:38:20.960> the<01:38:21.199> town<01:38:21.520> of 01:38:21.590 --> 01:38:21.600 align:start position:0% through the support of the town of 01:38:21.600 --> 01:38:23.430 align:start position:0% through the support of the town of brantford 01:38:23.430 --> 01:38:23.440 align:start position:0% brantford 01:38:23.440 --> 01:38:25.830 align:start position:0% brantford watch<01:38:23.840> town<01:38:24.080> meetings<01:38:24.560> and<01:38:24.719> other<01:38:24.960> videos<01:38:25.600> on 01:38:25.830 --> 01:38:25.840 align:start position:0% watch town meetings and other videos on 01:38:25.840 --> 01:38:29.090 align:start position:0% watch town meetings and other videos on demand<01:38:26.560> at<01:38:26.800> brantfordtv.org 01:38:29.090 --> 01:38:29.100 align:start position:0% demand at brantfordtv.org 01:38:29.100 --> 01:38:32.189 align:start position:0% demand at brantfordtv.org [Music]