mark delarosa. today we will give you a very quick overview of the results of our audit of the 2015 affordable housing bond. we specifically looked at the expenditures ensuring that the bond funds are actually expended per the bond measure. i'm joined today by simon wattsworth from construction management, which sa firm that has been helping us in completing all of these expenditure audits. very quickly, i'll give you a background. we started this audit program back in 2015. in 2016 was the first time we actually completed one of the audits that we have before you. so far we have completed eight. the affordable bond one is the last one we issued back in july. as you know, this is a very focused audit. it is really a compliance audit to ensure that the bond funds that we reviewed were actually in compliance with the bond measure, and that there were no administrative or overhead costs that were expended that are prohibited by the bond measure. i'll actually turn it over to simon, who will give you a