>> presenting this item will be our chief financial officer, megan wallace. >> [inaudible] i do have a short deck, so i'll try to quickly run through [inaudible]. so this evening, i'm going to give a brief update on our first interim report for the current fiscal year of 2020-2021. [inaudible] to the state, so this is the first of those two, and at the budget and business services committee meeting on december 8, we went into a lot more detail on the drivers, so both the current year trends as well as the multiyear projections. those slides are provided in the appendix for reference if more questions come up, and i'm just going to cover the high level details. next slide, please. so as you can see here, in the adopted but just versus the first interim, we are seeing -- we found, as a result of our [inaudible] from the prior fiscal year, we've actually started off the year with a higher level of fund balance than we originally anticipated largely because we were able to use c.a.r.e.s. funding last year for operational expenses and had savings on our unrestricted general fund, and so w