>> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

>> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

>> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

>> good morning, supervisors, my name is lisa avis with kpmg. will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to re

>> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

>> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to