thank you. >> with that, it's perfect transition to melissa whitehouse. she's the director of the mayor's office of budget. as she cues up her presentation, i want to welcome you and thank you for being here. >> thank you. i really appreciate you asking me to come and speak on this item today. as you know, our office cares very much about the budget process. i do want full disclosure for the body. i did discuss these recommendations with mayor lee several times, but i have not had time to discuss with acting mayor reed. please take this today as the budget office's perspective. i will be happy to report at a later date. so from a very high level, you've heard from the budget analysts on the great work they've done for you all on research. i want to say thank you for taking a look at this process. it's really wonderful that this committee and the chair wants to take a look at this and figure out how to make it better. i think that's a worthy exercise. everything that has been recommended and discussed today, we want to be helpful in any way that we can. th

and that, transition over to melissa whitehouse from the mayor's budget office. >> on behalf of all three forward to working with this committee to implement the changes noted by the chair. mayor's budget director, and i wanted to introduce kelly kirkpatrick, deputy budget director, and acting budget director when i'm out on maternity leave. and we are joined by others, should you have any questions. this was a joint effort putting out the joint report. so with that said, we are going to cover the joint report, in the off year of our five-year financial plan this year, that means we are doing a four-year update to last year's five-year plan. we are going to be then looking forward in some of the existing areas of concerns and future risk and uncertainty, and kelly will give a quick overview of the budget instructions we presented with mayor lee in early december. so, first before we jump in, talk about, two summary slides, if everyone leaves today's, what do i want you to take away? short-term, the fiscal picture is similar to this time last year. the committee, here for last year's budge