financial report by pamela levin. >> good afternoon. pamela levin, c.f.o. health service system. this report provided to you summarizes the revenues annex pences of employee benefit trust fund and general fund administration budget through august, 2018, as well as the fiscal year through june 20, 2019. i will first talk about the trust projection. we are still in the audit phase of the financial statements. unfortunately, the originally had scheduled to have it released the end of october, as we normally do. the city is extremely behind in work that needed to be done as a result of the new financial system. and it is unlikely it will be issued in december for our december meeting. however, i will keep you abreast of the news. we get phone calls every friday and we talk to the auditors once a week, but they are right now relocated to other jobs and will come back when the city is ready to have them come back. so we're going to begin with what an unaudited trust balance, as of june 30, 2018, of $72.9 million. based on activity through august, 2018, the fund balance is projected to

pamela levin, chief financial services officer. in february, 2018, health services board approved the health service system budget, the $3 budget. in the intervening time, we developed the plan that you just approved. now we're looking at aligning the budget with the strategic plan and the goals outlined in the plan. based on the '17/'18 fiscal year close, there is sufficient funding to support this realignment. i will first speak to the revenues, followed by the expenditures, and conclude with a review of a table that is actually projected, but i realize it's impossible to see. it summarizes the revised budget. the table that is projected is in your ipad. so you will be able to see it a little better. >> is that on pages -- >> page 5. >> page 5 of the document? >> very fine. >> yes. >> okay. >> but i will first start and give some context on how we got to where we are. in '17/'18 the revenues in the carry-forward amount were greater than projected in the budget. in the aggregate, the revenues exceeded the budget ex-pepped tour by