. >> the next item is a quarterly audit and performance review, nancy holm. >> good afternoon. >> good afternoon, president, commissioners, deputy chief financial officers for insurance and financial services. today i'm presenting the third quarter audit and performance report for quarter three for 2017-18. in quarter 3, 37 projects in total, of which 16 completed, and 12 were in progress. three audits began in the past quarter, the pacific gas and electric interconnection cost audit, and two franchise fee audits and years 15, 16 and possibly 17. objective of the latter two audits to determine whether the franchise p.u.c. payments were properly calculated and remitted according to contract agreement terms with the city and county of san francisco to share example of what the fees may look like, about 2.2 million collectively that the city collected in 2014. four audits or projects completed. include these listed here, first one is the omb audit for federal grants. secondly, self-certification for nerc cip compliance monitoring, by the hetch hetchy staff for reliability standards. third