. >> item number 5, resolution approving the issuance of a tax exempt obligation by the abag finance authority for nonprofit corporations in an aggregate principal amount not to exceed $32,000,000 to finance and refinance various capital facilities owned by san francisco friends school. >> thank you. for this item we have anthony abizon. >> good morning, members of the budget analyst committee. my name is anthony [speaker not understood] with the controller's office of public finance. the item before you approves the issuance of $32 million to finance and refinance capital improvements at san francisco friends school. there is no fiscal impact to the city and the city is not responsible for repayment. the resolution adopting the resolution would allow the financing to proceed on a tax exempt basis. and in the audience is bond counsel and members, representatives from the school if you have any project specific questions. >> thank you. just a quick question. this item does not have any fiscal impact for the city. so, therefore, there's no budget analyst report for that, there is no ge