This meeting is was limited relative to the financial condition of the city, including without limited and expected to revenue or funding and the ordinary twenty arrangements that government a television channel and tape for Ricas and in the future.

Sincerely JP Morrell, New Orleans City Council President, Roll Call, Council President Moreau, Vice President Willard.

Councilmember we have six members, we have a quorum.

Council member Harrison.

We have a butterfly.

Second.

Seconded by six should.

I will move.

Seconded by Council President Morel.

All in favor?

Six shapes.

All right, Mr.

Wagg is back.

Uh good morning.

Mike Waggus back, losing a legislative auditor.

So before you um we have our review of the RAM in accordance with state bond commission terms and conditions for this one hundred and twenty-five million dollars alone.

Uh as of today, our preliminary review indicates that the city's request totaling six million one hundred and seventeen out will be transferred to the chair.

This amount it reflects balance.

The process of transferring to reserve, and we'll work work on our plan to pay it back.

I assume that this means that there is an beautiful one thing, I'm sure.

Um is this new now that the rant is good.

Uh we we we property taxes are trickling in, but hopefully up after all the taxes that they so um coming in quite as quick as we thought it would, but we should be able to meet the obligations.

Do we do you have the balance of the general funds as of today?

I do not.

We're having a meeting at 2 p.m.

today through some process.

We had a preliminary meeting.

We had some questions.

Uh Ricardo, the consultant is working through some updates.

So teams meeting will have a better okay, great.

Provide that would be um helpful.

Obviously, big question is have to obtain I would say is our city's current financial necessity immediately to cash flow across all departments.

Well, it means that you manage your resources and and create efficiencies wherever you can.

So basically tighten our belts.

Yeah, tighten your belt, make the cuts necessary.

And all departments should be aware of this, all employees should be aware of this.

That's correct.

I believe I saw some emails that were sent out.

Yes, making that directive known.

So um what other proactive steps do you recommend that the city take?

Well, continue the monitoring of overtime, make sure that we get the updated projected overtime amounts.

Let's track that.

Let's make sure it's not just being spent just to create I think you guys look at some possibilities to leave that's paid.

There's a list that we're putting together, compiling to to make some recommendations to you guys as you move forward.

Although we're not meeting formally next week, that you'll be involved.

Putting that puzzle together, as well as you know, working with the uh the mayor and her staff on uh you know any raven revenue raise measures as well as expense cutting and uh I I think there's gonna be some conversations that maybe occupy ideas just to make sure you that you're you're comfortable with what's in recognition that would be helpful for each understand that and I welcome and I think all of us welcome uh meeting with you.

We can do it two by two.

Yeah, um and a sanitation contract and raise that and some comparison concern that you guys have is as far as raising that fee is concerned, but you know, that'll be madam first uh chair lady for her leadership leading the board.

Thank you for auditor for your partnership.

I want to piggyback on the chair lady.

And chase will that will be general fund or what's the okay thing going into the fund balance or uh what is the we don't have uh good number on that yet.

There's a closing somewhere between 50 and 60 million ending fund balance.

So that's your year.

Okay.

Okay, so it's good it's you know they'll we'll have to project that out as we get better numbers.

That's kind of the exercise today is just really kind of nailing down beginning balances, but we're actually looking at your profit loss for 1231 2023, kind of things supporting payables, receivables, and and reconciling the accounts.

So that you should sales taxes, or we do uh sales tax.