i will now turn it over to terry dong, our regional controller, to discuss our fiscal year 23 results to provide an update on our q1 results for fiscal year 24. terry. good afternoon. board. my name is terry dong. i'm the regional controller of the san francisco company. recology earned 12.6 million in profit in rate year 2023 and a 96.4% operating ratio on rate eligible expenses. sunset and golden gate earned 25.1 million in profit and an 89.6% or. this is largely driven by sunset and golden gates increase in revenue of 7% as a result of the january 2023 cola. our financial results was a loss of 12.5 million and an operating ratio of 111. this is driven by an $8 million increase in expenses compared to last year, coupled with a decrease in revenue compared to last year. the main drivers of rsf's increase in expenses include payroll about 5, increase in wages from the collective bargaining agreement, freight expenses due to the closure of the sustainable crushing operation and increase in maintenance expenses due to necessary facility repairs and compliance projects. although the san