ms. howard here, the mayor's budget director to talk to item number 1. >> hi, supervisors, thank you for having me here today to talk about the city's proposed five year plan, i have a presentation that i have distributed to you and will be walking you through that presentation, i'm happy to take questions during the presentation or at the end. what i thought i would cover today, just a quick reminder about some of the good work that the city has done regarding financial policies and planning over the last several years, i think that the deputy controller is also going to be talking with you a little bit about how some of the policies have play out through our reserves in particular subsequently, talk about the goals to have plan, what are the major assumptions in our base case projection, walk you through that projection and some of the fiscal strategies to adopt a balance five-year outlook. over the last several years, we've began a number of steps to strengthen the city's financial management and reduce volatility in our budget process, one of the biggest and most recent steps is our

ms. howard for being here. >> supervisor, kate howard mayor's budget director. i thought i would give you a brief update on a couple of items of note and then come back to you in several weeks in more detail. yesterday as i think you all are aware the mayor along with several supervisors introduced the city's five year financial plan and the capital plan and the information and technology plan. they all work together and serve as a framework how the city should be think about and planning for our financial needs and capital and it needs. all of the plans will be before you within the next month and have to be adopted with or without amendments before may 1. i want to give you just a very high level summary of what the five year plan incorporates because it does two important things. the first is that it provides a forward looking projection of the subsequent five years budget. it also provides a plan for closing the gap between projected revenues and expenditures. the five year financial plan for the first part, the part that is the projection, is consistent wit

ms. howard for being here. >> supervisor, kate howard mayor's budget director. i thought i would give you a brief update on a couple of items of note and then come back to you in several weeks in more detail. yesterday as i think you all are aware the mayor along with several supervisors introduced