[ CITY OF BAYTOWN NOTICE OF MEETING BAYTOWN FINANCE COMMITTEE THURSDAY, DECEMBER 8, 2022 4:00 P.M. HULLUM CONFERENCE ROOM, CITY HALL 2401 MARKET STREET, BAYTOWN, TEXAS 77520 AGENDA CALL TO ORDER AND ANNOUNCEMENT OF QUORUM ]
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I CALLED TO ORDER THE BAYTOWN FINANCE COMMITTEE MEETING.
IT IS THURSDAY, DECEMBER 8TH, 2022.
AND THE TIME IS FOUR 2:00 PM 4:00 PM STRAIGHT UP FOUR FOUR 2:00 PM UM, WE DO HAVE A QUORUM.
[a. Consider the approval of minutes of the Finance Committee Meeting held August 25, 2022.]
ONE A IS CONSIDERED THE APPROVAL OF MINUTES OF THE FINANCE COMMITTEE MEETING HELD AUGUST 25TH, 2022.CAN I GET A MOTION? I'LL MAKE A MOTION.
[a. Receive the CIP Financial Monitoring Report.]
A IS RECEIVE THE CI CIP FINANCIAL MONITORING REPORT.SO CHAIR, AS WE TALKED ABOUT, UH, BEFORE AND OUR LAST MEETING AND OTHERS, WE TALKED IN MORE DETAIL ABOUT HOW WE CAN START PROVIDING YOU WITH INFORMATION ON THE CIP, UM, HOW IT'S COMPILED, WHAT IT CONTAINS, AND THEN HOW YOU CAN FORWARD.
SO THIS IS THE FIRST CUP OF THAT AND LEAH'S JOINING US FROM SALT LAKE CITY.
AND I HAVE TO SAY HOW APPRECIATED I AM OF THE WORK HE HAS DONE, UM, ON THE PWE SIDE, WORKING WITH THERE AND HER STAFF AND FINANCE, UH, TO CREATE THIS, THIS IS JUST TO START THE, UH, POTENTIAL WITH THIS LEVEL OF REPORTING.
THIS AND THEN SOME, I'VE TALKED ABOUT HOW WE CAN USE IT FOR SOME OF THE OTHER FINANCIAL REPORTS WE DO, BUT THIS AT LEAST STARTS TO GIVE YOU THE INFORMATION SET ASIDE, UM, WHERE THE MONEY COMES FROM.
AND YOU'LL SEE SIGNIFICANT PORTION OF IT COMES FROM EXTERNAL SOURCES, NO INTERNAL SOURCES, UH, AND THEN, UH, LASER OUT IN TERMS OF, YOU KNOW, WHERE WE'RE SPENDING IT, UH, IN TERMS OF ACTIVITY, UH, GIVES YOU CLEAR VIEW OF, UH, THE VARIOUS, UH, ASPECTS OF THE PROGRAM OVER THE LONG TERM, 10 YEARS.
AND THEN WHAT WE HAVE DONE IS DIVIDED, YOU SHOULD SENT TO THE, THE FIVE YEAR SNAPSHOT OF THE PROGRAMS IN THE FUNDED CIPI THINK PROBABLY WHAT WE WANT TO TALK ABOUT IS HOW ON AN ONGOING BASIS THROUGHOUT THE YEAR, YOU WANT TO KNOW WHAT'S HAPPENING WITH THE BUDGETS CURRENT IN THAT YEAR.
'CAUSE THAT WILL HELP YOU WHEN YOU START LIVING FURTHER OUT, UH, HOW YOU FUND THE PROGRAM OVER THAT MEETING.
SO ANYWAY, THAT'S, THAT'S MY THOUGHTS FOR NOW.
THIS IS REALLY JUST TO START FOR YOU TO GET A FEEL OF THE INFORMATION, SEE WHAT WORKS FOR YOU PERSONALLY.
I LOVE AND BIG THANKS TO LEAH FOR THIS.
WE LOVE THIS SORT OF GRAPHICAL REPRESENTATION.
I THINK PARTICULARLY WHEN WE WANT TO TALK TO OTHER PEOPLE THROUGH NEW FINANCIAL BACKGROUND WHATSOEVER, UH, TO SHOW THEM THIS.
I THINK THIS MEANS A LOT MORE THAN NECESSARILY THE DETAIL LIKE THIS.
ALTHOUGH YOU'LL WANT TO HAVE THAT DO YOU THAT
UM, I LOVE THE GRAPHICAL REPRESENTATION.
I THINK WHEN WE FIRST TALKED ABOUT IT, THIS IDEA, IT WAS HOW CAN WE REALLY SIMPLIFY THE MUNICIPAL FINANCE PROCESS AS MUCH AS POSSIBLE? KIND OF LAYING THE FRAMEWORK FOR FUTURE COUNCIL MEMBERS WHO COME IN WITH ZERO KNOWLEDGE AND JUST TO MAKE IT EASIER FOR THEM TO UNDERSTAND THE MONEY AND WHERE IT'S SPENT AND WHERE IT'S COMING FROM.
UM, I LIKE THE IDEA OF PRESENTING THIS TO COUNCIL REGULARLY.
SO MAYBE CONSIDER WITH THE QUARTERLY, UH, FINANCE REPORTS, THE CITY COUNCIL.
I JUST WANNA MAKE SURE THAT EVERYONE'S REALLY CLEAR WHEN WE DISCUSS IT WITH THEM THAT THIS IS JUST CIPI DON'T WANT THEM TO GET CONFUSED AND THINK THEY'RE LOOKING AT LIKE GENERAL FUND.
AND SO MAYBE LIKE WHERE THE MONEY COMES FROM.
AND THIS IS JUST DESIGN FEEDBACK HERE.
MAYBE UNDER WHERE THE MONEY FROM, LIKE REALLY BOLD CAPITAL PROJECTS BUDGET OR JUST SOMETHING TO WHERE WE ARE NOT THINKING IT'S THE GENERAL FUND.
UM, AND THEN ANOTHER ONE THAT, AND THIS IS, YOU KNOW, JUST SOMETHING FOR ME.
SO WHEN I'M LOOKING AT, UM, LIKE THE LISTS AND I SEE LIKE THE PROGRAMS SPENT CARRY OVER ADOPTED AND THEN ALL THESE FUTURE YEARS.
ONE OF THE QUESTIONS I ASKED VICTOR WAS, IS THESE FUTURE YEARS? IS THIS REAL MONEY? IS THAT MONEY ALREADY THERE OR IS IT PROJECTED MONEY?
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IT, IT'S, IT'S PLANNED, BUT IT'S BASED ON, SO WE MAY JUST WANNA NOTE THIS IS A PROJECTED MONEY AND THIS IS REAL MONEY.IT WAS MY FEEDBACK TO TAKE OFF THIS 10 YEAR PORTION BECAUSE WE'RE WAY OUTSIDE OF FIVE YEARS IS UN FUNDING AND THAT'S WHAT PROJECTS HAVE NO FUNDING.
SO I REALLY WANT THIS 10 YEAR PORTION YEAH.
FOCUS ON THE FIVE YEAR BECAUSE WHAT WITHIN THE FIVE YEAR WE'RE, YOU KNOW, PLANNING ON HOW TO FUND THINGS.
FIVE ARE THINGS THAT NOT HAVE PROJECT.
SO THERE'S SOME BIG PROJECTS IN THERE, NUMBERS THAT MAY NOT.
SO EVEN IN THE FIVE YEAR, THE, THE FISCAL YEAR, 24, 25, 26, 27, THOSE ARE ALL JUST PROTECT PROJECTED DOLLARS.
THEY'RE NOT BECAUSE REAL DOLLARS, THE DOESN'T JUST ADOPT ONE.
SO I THINK JUST FOR THE LAYMAN COMING IN, YOU'RE ADOPTING THE PLAN.
JUST FOR, SO LET'S, LET'S JUST TAKE 24 FOR INSTANCE.
YOU, BECAUSE YOU SAID THE PLUS FIVE, YOU DON'T REALLY BEGIN PLANNING WHERE THE FUNDS WILL COME FROM.
RIGHT? SO YOU HAVE IDENTIFIED WHERE THE FUNDS WILL COME FROM FOR 2024 THROUGH 27.
SO THE, THE BIG CIP BOOK I, YOU KNOW, GAVE OUT AT THE BEGINNING OF THE YEAR.
IF YOU LOOK THROUGH THAT, YOU KNOW, FOR EACH PROJECT HAVE A FUND CALL, IT'S PLANNED WITH PENDING COUNCIL APPROVAL.
WITH FUNDS ALLOCATED IN ONE WAY OR ANOTHER.
SO THEN MAYBE MORE ACCURATE INSTEAD OF PROJECTED AS PLANNED PENDING COUNSEL APPROVAL.
J JUST JUST THE KIND OF, THE WAY, LIKE THE WAY IT WORKED IN MY MIND IS LIKE, I KIND OF LIKE MADE A LIKE A, AN EXTRA HEADER WHERE I JUST, JUST SO I KNOW, LIKE THESE ARE NOT, I KEEP SAYING REAL DOLLAR TRANSLATING.
THAT'S KIND OF WHERE I WANT TO JUMP IN A LITTLE BIT.
WE'RE SAYING, HEY, THEY'RE PROJECTED, BUT IT'S, IT'S ALL THE PLANS THAT WERE APPROVED ON THE CIP RIGHT.
AS IT'S BEEN PRESENTED TO COUNCIL.
SO TO STAFF, THOSE ARE REAL EXPENDITURES.
AND BECAUSE WE'RE PLANNING FOR THEM, AND SO THIS, THIS TYPE OF STUFF IS TAKEN THEN TO THE FINANCE TEAM SO THAT THEY CAN START FORECASTING HOW THE REVENUE NEEDS TO LOOK LIKE.
SO FROM MY POINT OF VIEW, THIS IS REAL MONEY BEING SPENT UP TO FY 20, THE FY 28 33 PIECE.
UM, IT'S REAL MONEY BEING SPENT AND WE NEED TO PLAN FOR IT.
NOW, THAT'S WHERE WHAT WE NEED TO START TALKING AS, OKAY, IF WE AREN'T GONNA BE ISSUING THE DEBT THAT WE THINK IS THERE, OR INTEREST RATES HAVE DOUBLED SINCE LAST YEAR MM-HMM.
AND NOW IT'S REALLY IMPACTED THE WAY THAT WE'RE GONNA FUND WHAT WAS PLANNED, THEN WE NEED TO GET WITH THE CIP COMMITTEE AND THE CIP COMMITTEE NEEDS TO START PRIORITIZING PIECES AND THE FINANCE COMMITTEE NEEDS TO SAY, HEY, WE'RE OKAY WITH THIS SPEND NEXT YEAR OR WE'RE NOT OKAY WITH THIS SPEND.
OR ARE WE OKAY WITH SPENDING MORE OF THIS, UH, BECAUSE IT'S GONNA COST MORE TO ISSUE DEBT NOW.
SO I THINK YOUR EXPLANATION MAKES COMPLETE SENSE.
I JUST WONDER HOW CAN YOU CONVEY THAT IF I JUST GLANCE AT THIS REPORT WITHOUT YOU HAVING TO EXPLAIN IT EVERY TIME A NEW PERSON RIGHT.
LIKE WHAT'S A, WHAT'S A LABEL OR AN IDENTIFIER WHERE I'M A NEW COUNCIL MEMBER AND I CAN JUST TAKE A GLANCE OF THIS AND I JUST UNDERSTOOD EXACTLY WHAT YOU MEANT.
WHAT WHAT I'M HOPING IS THAT WE CONTINUE TO WORK WITH THE LAW TOGETHER THAT THE COUNCIL TRUST Y'ALL AS THE, AS THE FINANCIAL EXPERTS ON GIVING THEM ADVICE.
BECAUSE I WILL TELL YOU, THIS SCARES PEOPLE JUST IN GENERAL.
LIKE, IF THEY DON'T DEAL WITH THIS, IT JUST, AND THEY'RE, AND THEY DON'T LIKE LOOKING AT SPREADSHEETS LIKE THIS, THEY'LL BE LIKE, WHERE'S THAT SHINY PROJECT Y'ALL WERE TALKING ABOUT? WHO NEEDS, WHO NEEDS AN EDUCATION? RIGHT.
ALMOST EACH TIME THAT YOU, IT'S OKAY IF Y'ALL ARE WILLING TO DO THAT.
UM, IT'S JUST BEEN MY EXPERIENCE OVER 20 YEARS NOW THAT IT HAPPENS EACH TIME THAT YOU'RE LOOKING AT THE SPREADSHEETS.
VICTOR, HAVE YOU BEEN DOING IT NOW FOR A MINUTE? SO IT'S 30 YEARS.
NO, I WAS GONNA SAY, SO, SO YOU'RE RIGHT.
AND I DON'T KNOW THERE'S ANY WAY AROUND HAVING
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TO SAY IT OVER AND OVER AND OVER.I THINK MORE PEOPLE WILL START GETTING IT.
UM, IF WE GET THE CIP COMMITTEE WORKING, IF YOU LIKE, ON THE OTHER SIDE OF THE PRIORITIZATION WITH YOU, THEN WE'LL GET TO A STAGE WHERE ALL THE COUNCIL MEMBERS GET, UM, AND WE CAN REFINE HOW WE PRESENT
JACOB, ANY THOUGHTS ON NO, I MEAN, I UNDERSTAND YEAH.
WHAT YOU'RE ASKING FOR JUST MAKE, MAKE IT A LITTLE MORE EASY TO READ THE TITLES ACROSS THERE, BUT YEAH, I MEAN, I GET WHERE THEY'RE COMING FROM TOO, BUT IT'S, IT'S GONNA BE HARD TO LOOK AT THE LABELS, FULLY UNDERSTAND YEAH.
WHAT'S GOING ON HERE, BECAUSE I COMPLETELY UNDERSTAND WHERE YOU'RE COMING FROM, BUT BECAUSE Y'ALL WORK IN IT, RIGHT? I'D BE LIKE, WHAT DO YOU MEAN PROJECTED? UM, IS THAT LIKE PROJECTED, LIKE WE WERE THINKING THESE ARE THE PROJECTS THAT ARE, AND THEN IT GOES IN DOWN TO A DIFFERENT DIFFERENT PIECE, RIGHT? UM, LIKE HONESTLY, THIS IS ALL I WOULD COUNSEL OUTSIDE OF THE PILOT REALLY IF THEY WANTED TO, IF THEY WANTED TO SEE THE, THE STUFF, THEY CAN HAVE IT, I MEAN, THEY SHOULD HAVE IT, BUT THIS WOULD BE THE FOCAL POINT OF OUTSIDE OF THE FINANCE COMMITTEE SO THEY CAN LIKE THIS PAGE AND MAYBE THIS FRONT PAGE.
UM, BECAUSE IT'S THE QUICK SUMMARY.
BECAUSE TO ME THEY'RE ENTRUSTING YOU TWO TO BE THE, THE EXPERTS AND PITCHING THEM WHAT'S HAPPENING WITH THE FINANCES.
AND YOU'RE RIGHT, THOSE FIRST COUPLE OF PAGES REALLY FOCUSED ON THE, NOT THE ACTUAL BUDGET SPAN.
NOT YOU, WHAT'S GOING ON RIGHT NOW.
WHAT IF YOU DON'T HAVE A COUNCIL THAT BLESS EACH OTHER.
THE FINANCE COMMITTEE WOULD BE ALL A COUNCIL GOING OVER IT EACH TIME.
LIKE SERIOUSLY, JUST LIKE I COME OUT, I'M SEEING THAT.
I GUESS I'M A FAN OF EVERYONE HAVING ACCESS TO THE SAME INFORMATION.
RIGHT? NO, I I THINK WE'RE ALL SAYING THAT WE WANT THEM TO HAVE ALL THIS TRYING TO, I GUESS, YEAH.
I MEAN, SO IF, IF WE'RE GONNA REVIEW THIS QUARTERLY, WHAT YOU'RE TALKING ABOUT, I MEAN, I GUESS THE ENTIRE PACKAGE CAN BE, YOU KNOW, ATTACHED TO THE ATTACHED AND, AND YOU JUST REVIEW THE FIRST COUPLE PAGES AND IF PEOPLE HAVE QUESTIONS, THE REST IS, IS THERE, IS THAT FAIR? YEAH.
WE WANNA BE TRANSPARENT WITH ALL OF IT.
I'M JUST LOOKING AT YOU TWO
SO, UM, THE THREE OF THEM SHOULD BECOME THE SUBJECT MATTER EXPERTS ON THE ACTUAL PROJECTS.
AND THE NEED AND, AND, BUT FRANK'S ADVICE THAT, THAT'S HOW I SEE WORK.
UM, MY ONLY OTHER SUGGESTION, AND AGAIN, THIS IS JUST, I MEAN, IF Y'ALL TAKE IT OR LEAVE IT, I WOULD JUST SPELL OUT SOME OF THESE ACRONYMS, YOU KNOW, LIKE P-W-E-C-I-P PM JUST, JUST SO THAT AT A GLANCE IT'S JUST MORE DIGESTIBLE.
I JUST KNOW THAT SOMETIMES LOOKING AT THESE THINGS, THEY JUST, IT JUST, IT'S OVERWHELMING.
AND SO THE EASIER THEY ARE TO READ, I, I EVEN ASKED VICTOR SAID, WHAT DOES PWE MEAN? IT'S ALL TLAS.
IN INDUSTRY THERE'S A KIND OF, I MEAN WE DON'T REALLY, I THINK WE CAN LOSE PW DEPARTMENT.
IT'S THE CITY OF BAYTOWN, CIP AGGREGATED.
WE, WE CALL A, UH, RIGHT AT THE BEGINNING.
UM, I DO REALLY APPRECIATE THE LEGEND ON THE STATUS CODES.
I LOVE ADDING WHO'S OVER IT, THE PROJECT MANAGER, UHHUH.
UM, SO I PERSONALLY LIKE THIS FIVE YEAR BREAKDOWN A LOT.
UM, THIS WILL HELP ME HAVING SOME HISTORICAL KNOWLEDGE KEEP TRACK OF SOMETHING I APPROVED FIVE YEARS AGO BECAUSE FRANKLY I'LL FORGET.
UM, AND THEN I THINK IT'LL HELP NEW MEMBERS THAT COME IN UNDERSTAND, UM, WHAT IS GOING ON BEYOND WHAT WE'RE DOING IN THE MOMENT.
UM, BUT YEAH, I COULD, I CAN TOTALLY, UH, SEE JASON'S POINT AND NOT REVIEWING THIS EXTENSIVELY QUARTERLY AND, AND A COUNCIL MEETING AND JUST HAVING THIS ATTACHED TO THE AGENDA FOR COUNCIL MEMBERS WHO HAVE INTEREST IN GOING IN DEBT.
BUT THEN ONLY REVIEWING THE, UH, VISUAL ELEMENT.
AND, AND, AND I, WHERE I WAS GOING WITH THAT WAS WITH THE QUARTERLY FINANCIALS.
IF YOU REMEMBER, WE'RE LOOKING AT THIS YEAR RIGHT NOW, UH,
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ACROSS THE, UH, THE GENERAL FUND AND OTHER FUNDS.AND I'M THINKING WE CAN ADD THIS, THIS TO THAT WITH THIS VISUAL REPRESENTATION AND START USING D THE DASHBOARD APPROACH MORE GENERALLY WITH ALL THE OTHERS TOO.
YOU KNOW, WHEN I GO OUT THERE AND I PRESENT IT, I DON'T TALK TO BECAUSE IT LOSES PEOPLE.
AND IF WE WERE ABLE TO PRESENT IT MORE LIKE THIS, WE'VE ACTUALLY HELPED RIGHT.
ENGAGE BETTER WITH IT AND LIKE THIS WITH EACH COMMITTEE.
LIKE WHAT I WOULD LIKE TO ADD TO THIS IS THE BONDS THAT WE HAVE OUT, OUT ON THE OUTLYING BONDS THAT WE HAVE, I REPRESE PERCENTAGE THAT HAS BEEN SPENT FOR EACH BOND SO THAT YOU USE THE COMMITTEE KNOW HOW THAT BOND MONEY HAS BEEN SPENT.
THE CIP COMMITTEE GIVES THE SAME KIND OF DASHBOARD REPORTS.
Y'ALL TO SEE THIS ME, THE PERCENTAGE OF THESE PROJECTS IN THIS YEAR'S BOND ISSUANCE HAVE BEEN WHATEVER MM-HMM
AND FRANK'S PROBABLY GIVING ME THE EQUAL EYE, LIKE, UM, BUT LIKE FINDING DIFFERENT WAYS OF FINDING THOSE RELEVANT PIECES TO THE COMMITTEE AND GIVE THE EASY, UM, EASY TO DIGEST NUMBERS.
BUT Y'ALL UNDERSTAND WHAT THOSE UM, UH, DASHBOARD PIECES ARE FOR THE COMMITTEE ITSELF AND IF THEY HAVE FURTHER QUESTIONS, Y'ALL ARE ABLE TO.
THE ONE OTHER THING THAT THAT WE HAVE TALKED ABOUT IS WHERE DO WE SEE, AND MAYBE IT'S IN HERE, BUT WHERE DO WE SEE AS THE YEAR PROGRESSES PROJECT BEHIND OR IS OVERSPEND, WHERE IS THAT LIKE, YOU KNOW, ON A MAYBE QUARTERLY BASIS, LIKE WHERE, WHERE DO WE PROJECT THIS IS GONNA END AND WHERE, YOU KNOW, UM, THAT TO ME IS THE NEXT PART OF THIS.
LEAH AND I HAVE HAD THAT CONVERSATION AND THAT'S BACK TO BOTH.
I, I WOULD SAY WE ARE IMPLEMENTING, WE JUST PURCHASE THE SOFTWARE AND WE'RE BEGINNING THE IMPLEMENTATION.
BECAUSE I'M USED TO AND PRO, I MEAN, AND WE WILL EASILY PRODUCE THOSE KIND OF THINGS.
TALKING AND YOU KNOW, NEXT SIX MONTHS TO A YEAR I WOULD SAY WE, WE'LL BE ABLE TO DO THAT.
THAT'S JUST IN INDUSTRY PROJECTS.
I MEAN THAT'S, YOU HAVE A MONTHLY SPEND AT THE END OF EVERY MONTH.
YOU RECONCILE BACK WHILE WE OVER IT WOULD BE DIFFICULT TO, OKAY.
ANYTHING ELSE? ARE WE FORGETTING ANYTHING? ARE Y'ALL WANTING THAT AS WELL? JUST LIKE GENERAL FUND, WE PROBABLY SPEND REVENUE PROJECTIONS THAT THIS IS JUST CIP OR FOR THE MOST PART.
ARE Y'ALL WANTING OTHER TECHNIC TOOLS THAT GO OVER, LIKE DO WE WANNA SPEND MAYBE STARTING NEXT MONTH, LIKE STARTING IDENTIFYING WHAT WE WANT IN THE DASHBOARD SO THAT IT'LL TAKE, I'M GUESSING FOR US TO PUT ALL TOGETHER TO, SO THE QUARTERLY FINANCE REVIEW THAT Y'ALL ARE ALREADY GIVING THE COUNCIL INCLUDES GENERAL FUND, RIGHT? YES.
SO IF THERE'S A WAY TO SIMPLE VISUALLY YEAH.
EXPLAIN IT TO US THAT BETTER THAN WHAT IS CURRENTLY DONE THEN.
AND THAT'S WHAT, UH, TERESA AND I TALKED ABOUT EXACTLY THAT.
SO IN JANUARY I AM BUSY THAT LOOKING DIFFERENT AND OPEN THE FRENCH PRODUCT.
BUT THE START OF THIS
WHERE IS THE CIP RIGHT NOW IN TERMS OF SPEND AGAINST BUDGET? YOU SHOULD TRY FOR, YOU HAVE TO WORK TOGETHER MORE.
I'LL GET THE DASHBOARD STUFF LIKE, OKAY, NOW LET'S GO OVER THIS
IT'S JUST START TRUSTING OUT THAT IT'S JUST ALL THIS TO LOOK AT YEAH.
LEAH, DO YOU HAVE ANYTHING ELSE THAT YOU WANTED TO COVER? UM, NO MA'AM.
ACTUALLY I WAS TAKING ALL NOTES.
UM, AS FRANK AND VICTOR SAY BEFORE, UM, THIS IS OUR FIRST EFORCE OUR, UM, TO SHOW A REPORT, JUST EASY TO READ, USER FRIENDLY AND THAT ANYONE CAN READ AND, AND UNDERSTAND WHERE WE ARE AND RELATED WITH THE STATUS OF THE PROJECT, THE PERSONAGE OF COMPLETION VERSUS A PERSON OF SPEND AS
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WELL.WE ARE, UM, GATHERING THAT INFORMATION.
THAT WAS ONE OF THE, UM, THE GOALS TO ADD IN THIS REPORT.
UH, WE'RE STILL WORKING ON IT.
AS FRANCE SAID, WE, WE ARE WORKING TO, IN THE IMPLEMENTATION OF THE CORE SOFTWARE TO THE, TO GET MORE INFORMATION ABOUT THE, THE PROJECTS, BUT ALSO WE CREATE, UH, A SURVEY, A VIRTUAL PLACE WHERE ALL DIRECTORS WILL BE SUBMITTING THEIR PROJECTS FOR NEXT FISCAL YEAR AND NEXT FISCAL YEAR WE WILL HAVE A CIP PLAN INSTEAD CIP BOOKS.
SO WE HAVE MORE INFORMATION TO SHOW YOU.
AND Y'ALL DONE, UH, WELL MAKING THIS A SIMPLIFIED VERSION FOR US, SO THANK YOU.
OKAY, WELL WITH ALL ITEMS ON THE AGENDA HAVING BEEN ADDRESSED, WE ARE NOW ADJOURNED.
CAN I KEEP THIS OR DO YOU NEED IT BACK?