mr. gobel, i believe you have a presentation for us. as you take up, i'd like to take a moment to acknowledge our new financial officer, mr. brian gobel. you've hit the ground running and i'd like toell you we're looking forward to working er toge in this body. miss calvillo provided tremendous support to this commission in the last ten months since losing our staff position, andm so grateful for her work. with that, mr. gobel, i'll turn it over to you. >> thank you, madam chair and commissioners. i am here to present your final lafco budget for fiscal 2018-'19. before i get into the final budget, though, i just want to review your expenditure status. a lot of these numbers with similar to the numbers presented to you at the last two meetings by former interim administrative officer angela calvillo, but they have been updated for you today to reflect the new expenditures since your last meeting. so i'll show you the first slide here is lafco's expenditures as of may 15, 2018, the available balance is just under $220,000. as you know, thi

maybe we can have mr. gobel follow up with those firms that are actually interested in pro bono work us. >> supervisor ronen: absolutely. and in terms -- so your suggestion right hand the legislative changes that would need to be made,an you speak more to that? and you know, about -- are all of those state law changes or can you ask them are there anything at the local level or are there federal changes that need to be made, as well. >> federal law on cannabis would be great. if you could put that on your to-do list, it'll be done in no time. i'm trying to think if there's anything local, but i can't think of anything. it's mostly state law around banking and charter and insurance requirements, and deposit requirement. >> supervisor fewer: so i know that the state of california now offers two charters for banks. it's commercial bank or it's a credit union. is there any talk statewide about the state offering a puicchar so it's something that the advocacy community has been working with. i know that there have be

i just want to thank mr. gobel for hitting the ground running in two short weeks, preparing this -- the budget and information for us, because this is good -- a good discussion with today being the deadline to pass our budget, i do -- i do think that we should have something in there that -- that says, like in past years, that we would reserve the right for the full amount, and that we anticipate returning the money for -- to equal the 273? just sort of looking at the proposed fiscal year budget, i -- i don't see -- yeah, what you're talking about in terms of the money for -- to begin an rfp process for a special study. so am i overlooking that? >> no. part of this was i -- you know, trying to determine specifically what studies we're going to take on and what money we would need, but i'm certainly happy to look at a line item that -- that talks that? we have an estimated remaining balance of 51,000, which we can carry over, but i'm definitely open to a line item because it does look like we're going to proceed wit