. >> good morning, cynthia fong deputy directorr for finance administration. you have a report for the fiscal year ending june - 2012. since there are more than 500,000 dollars of federal expenditures spent during the fiscal year. single audit included audit over the yerbabuena ramps, buildings and structures dynamic traffic assignment model development project; integrated public private partnership travel demand program; and several competition programs including the congestion management, bayshore intermodal station access study, market octavia station action plan, market street station area plan and eastern neighborhood transportation and limitation plan study both .auditory performed by -- o'conel, also the auditors for the city and county of san francisco. today we have cindy kahn to walk through the results of the audit. each of you should have a copy of the powerpoint presentation in front of you. >> thank you. >> good morning. thank you for inviting me to discuss the results of the authority's 2012 financial and federal compliance audits. i will go thr