with that i would like to ask prima hoarder, director of finance and administration and we're here today for our last and final meeting regarding the 16-17 budget, very exciting moment for us all, no one more than me, of course. as you know, we met at the beginning of april on the 5th for our first workshop where we talked about the project budget and the affordable housing budget. we met again on the 19th where we discussed operations, including debt service and asset management and we're here today for your consideration and approval following your approval we will submit to the mayor's budget office for their review and then we will discuss our budget before the board of supervisors on june 8th and then if necessary a second time on june 16th. so some budget updates, some things that have happened since the last time we talked. one thing that is different about the presentation of the final budget than the prior two vrtions in the final version of the budget we highlight what was prior authority versus new authority in this budget year. the budget resolution for ccii has always author

with that i would like to ask prima hoarder, director of finance and administration and we're here todayand final meeting regarding the 16-17 budget, very exciting moment for us all, no one more than me, of course. as you know, we met at the beginning of april on the 5th for our first workshop where we talked about the project budget and the affordable housing budget. we met again on the 19th where we discussed operations, including debt service and asset management and we're here today for your consideration and approval following your approval we will submit to the mayor's budget office for their review and then we will discuss our budget before the board of supervisors on june 8th and then if necessary a second time on june 16th. so some budget updates, some things that have happened since the last time we talked. one thing that is different about the presentation of the final budget than the prior two vrtions in the final version of the budget we highlight what was prior authority versus new authority in this budget year. the budget resolution for ccii has always authorized expenditu

with that i would like to ask prima hoarder, director of finance and administration and we're here today for our last and final meeting regarding the 16-17 budget, very exciting moment for us all, no one more than me, of course. as you know, we met at the beginning of april on the 5th for our first workshop where we talked about the project budget and the affordable housing budget. we met again on the 19th where we discussed operations, including debt service and asset management and we're here today for your consideration and approval following your approval we will submit to the mayor's budget office for their review and then we will discuss our budget before the board of supervisors on june 8th and then if necessary a second time on june 16th. so some budget updates, some things that have happened since the last time we talked. one thing that is different about the presentation of the final budget than the prior two vrtions in the final version of the budget we highlight what was prior authority versus new authority in this budget year. the budget resolution for ccii has always author