Finance Committee: April 12, 2021

Transcript machine-generated with Whisper speech recognition (the source video has no caption track). No speaker labels; proper names and dollar figures occasionally misheard. Click any timecode to jump to that moment in the source video.

0:00 I’d like to call the meeting of the selection to order. It’s April 12th and we need a roll call, please. Mr. Grader? Private. Ms. DeNay? Present. Ms. Belficher? Present. Thank you. Thank you. Good evening, everybody, and welcome to the final FinCon budget hearing of the FY21. Happy to have you all here. Especially welcome, Board of Selectmen, the town administrator, the finance department, the school committee, the superintendent, the administrators, my unbelievable fellow members of the finance committee and fellow citizens, and the town department. Thanks for all being here. It’s a big night. We’ve got two pretty healthy budgets to approve. So with that, I think we dive right in. It’s the efficient. There’s nothing but efficient. I’m going to turn it over quickly to the first item of business. And Dr. Bucky, I hope you have the ability to share your screen if you want, or somebody on the squad does. I’ll turn it over to you to give a presentation of budget season for the school committee. Great. Thank you. Thanks for being here. Thank you. I promise to only talk about 45 minutes. 42 is your limit. Sorry. So, no, the original presentation was about 30 slides, but cooler heads prevailed and asked me to pare this down to 10. So I’ll jump right in.

1:37 School budget process. This is my inaugural school budget for the town of Marblehead. And so I would be remiss not to thank Michelle Presta for being as brilliant as she is on the school finance and municipal finance side. Only equal is her patience in getting us through this process. It is an iterative process. It is continuously evolving. The leadership team has done an excellent job of looking at goals for the year, setting budget priorities, working with the budget subcommittee. Shout out to Megan Taylor and David Harris, the finance school budget subcommittee. This has been a very open, transparent, and healthy process. Zoom has done anything. It has opened up our meetings and allowed for people to point a phrase, watch the sausage being made. And so as we get here tonight, we originally proposed to what will be, and I will say this process started with Michelle and me in December, January, sitting down with them, asking them first questions about enrollment, because our enrollment changed dramatically.

3:08 This year, what they were expecting, retirements or resignations or people that will not be with us next year. And then what we see tonight is just an overview of the FY22 budget, the cost and facilities curriculum, the costs associated with opening our beautiful Brown School. Then some operating cost decreases, areas where we will recognize savings in this budget. At the bottom, the school committee approved some goals for the budget, and we aligned those with our priorities. First is to meet our contractual obligations. It’s a point of pride for me in negotiating with the Marblehead Educators Association, the 1% increase. I think that is a recognition of where we are.

4:39 And I just juxtapose that with the 2.5% increase. Paying attention along the way, I’ve heard me talk about technology and some of our challenges this year. So it makes a lot of sense that technology is one of our goals and priorities in this budget. Stephen Biotek has come in mid-year and just done exceptional areas, particularly e-right savings, phone systems, investing technology to invest in someone to help with curriculum is another area. We’re going to adopt a pre-class mathematics program, and this is one of three of the costs for that. And central office staffing, COVID has really shown a bright light on the need for a human resources director with a number of us taking a look at the shelf as some of it, at least in my office.

6:09 The assistant superintendent does for the central office. And we’re also in collaboration in talks with the town, anticipate for opening them. We tiered our priorities, and I know that this isn’t necessarily the easiest screen. In the three tiers, we’re able to fund tier one and tier two. And so that gets us to our final budget figure, 41 eight via slides. It’s important to note that we can fund all of our priorities, but these priorities that aren’t funded are things that we think will not. It was in 45 minutes. Thank you for that. No, that was succinct, but a good summary of all the things that we visited throughout the budget season. Would you like me to stop sharing my screen?

7:41 That would be great. Yeah, please. Before we kind of turn it over to the FinCon numbers, David, Michelle, do either of you have, I understand Megan couldn’t be here tonight, so anything further to add? I think John summarized it all. You had a great job on that. Yeah, and I would just like to say thanks to Ben, you know, your team as part of the liaisons that have been meeting with us from the finance committee. And of course, Megan, who can’t be here this evening, and as well as, you know, Jason, and, you know, chair of the board of selectmen, you know, as we’ve gone through this process, it’s been not unlike any other year, with the exception that we’ve had COVID to deal with. And we recognize this is, there are COVID funds out there that have continued definitions related to COVID funding that will be clarified, and how we can spend those monies over the next two or three years. And I think that will be an opportunity for the schools and the town to prioritize what our needs are.

9:16 So I think recognizing that as well, recognizing, you know, what the limits are within Proposition 2.5, and as Dr. Bocky said in the intro, you know, it all starts with enrollment and staffing and, you know, Interim Superintendent McCaldie did a great job of getting us back on track. Michelle came on board in December of last year, and now we have Dr. Bocky and Michelle in place carrying that process forward. And I think it served the school committee very well, and I hope people think that it has served the town very well. And we certainly recognize and appreciate the fact that we’ve been able to do this collaboratively and, you know, be able to fund all of our contractual obligations where if you look around other towns and communities and districts, that always isn’t the case. And we are also adding additional items to our budget based on just, you know, the monies that are available within our guidelines. So I think everybody’s done a really good job during a very difficult time to identify those things. And most certainly that was funded two years ago at a general override to the tune of 55 million.

10:50 And I thank the townspeople and taxpayers and everybody involved with the support for that project because I think that school will certainly provide some parity when it comes to Cough and Gary, Eveleth and everything that we know we have there. And we’ve had to make a few adjustments within our budget. But certainly there were reductions and deducts within that combination of the school budget. And then we had to make a few ads based on a couple of things. So I think I’m really excited to be presenting this budget tonight and look forward to seeing if there’s any questions or comments. Thank you, David. I appreciate it. And I echo those sentiments. It really has been quite a great team effort. Not unusual for those who haven’t been here all the time. We don’t come to our meetings that often. It’s not unusual for the chair to say a few words. The chair liaison, if you were to the budget, we’re talking about to say a few words. And I’m actually the chair. And to know me is, you know, I usually speak off the cuff. But this evening I actually I wanted to make sure I cut right to my points and was succinct and brief, just like Dr. Bucky just was. So bear with me as I read a little. But I certainly prepared this statement or this these comments to follow Dr. Bucky’s presentation as we vote the school budget now and later this evening with selecting budget.

12:22 We’re finishing the final meeting before the warrant meeting next Tuesday night. Here are my thoughts. Recently, our finance committee vice chair, Blair Nelson, made a terrific analogy about the budget. He called it a balloon where you push on one thing and it has to move elsewhere. Our budget is now over $100 million. And rightfully, so much of it goes to the school system. This is our hardware and tax dollars and we have a strong process on evaluating how to use that money for our town services. Again, with a heavy focus on the schools. And although our school, our school leadership team did their work as usual this budget season, something I’m proud of year after year is the process we take a process that keeps our town on course with the budget funded by the people annually at town meeting. At the end of the day, the school department is funding almost every initiative requested in this budget. This was done by an additional increase in the school department budget through several sources, including potentially should the town approve the use of free cash. The dependents we are trying to get away from. As a reminder, it is the job of the finance committee to consider the entire budget for the town of Marblehead and do their best to help every department reach their goals through collaboration and tough decisions. We strive for excellence in every facet of service from our school, through our roads, emergency services and facilities. But we do all of that with an understanding it has to be done within the fiscal means, the financial means we have. We are one town with one budget. I’d like to extend my thanks to those leaders involved in getting not only the school budget, but later on this evening the rest of the town budget where it is tonight.

14:00 Thank you. I will open it up for other members. I’ve exhausted all questions at previous meetings. I’m sure the school team will tell you. I don’t know if other members of the committee have other questions, but I’m very satisfied and please prefer we are. Again, I am very appreciative of all involved from John, David, Megan and Michelle. Everybody is singing Michelle’s praises and it’s an understatement to Jason and Steve and the town side as well. It’s really been a great effort. Any questions from other members? No surprise. It may feel like a rubber stamp, but Pat, you got a question? Go ahead. No, not really a question, just a comment because I’ve tried to follow the process through attending some of the school committee budget subcommittee meetings with Megan and David and some of the school committee meetings. I would just echo this. This is having been through this for the last several years. This is definitely a very positive result and excellent collaboration among the groups. I again have had my questions during the process answered to my full satisfaction.

15:36 Thank you Pat. Thanks for attending all the meetings you did and lending an ear. Alright, if there’s no other questions, no surprises. I just want to just echo everybody else’s comments. Just to give one more shout out to Michelle and all of the incredible work she’s done cleaning up this budget over the last two years. We’ve finally gotten to a place where we can have really good collaborative discussions in our budget meetings with the schools because she’s just done an enormous amount of work getting a deep understanding of what’s in the budget and cleaning it up. So thank you Michelle for all of your hard work and just thank you to everybody who’s been involved and it’s been a really good collaborative. Again, a lot of thanks to Bob, but thanks to Blair and Emily specifically for all your hard work on the school budget. Jackie, yes, I apologize. No, no, no, please. I just wanted to thank David Harris for his leadership on the building committee. Very well done, very collaborative and look at what’s coming. It’s unbelievable to think we’re at this stage, isn’t it? Thank you.

17:09 Thank you for that, Jackie. We’re going to be having some upcoming tours, so certainly the building committee is Thursday and they won’t be the last towards, so hopefully I can extend some of those opportunities to members of the finance committee over the next month. I’ll make sure to be and the board of selectmen again who have already been on site a few months ago, but we’ll continue to do that as it progresses. So thanks, Jackie. You don’t have to answer this now, but what are you going to do on Thursday nights this time next year? I thought Jackie Jason and I had a meeting. You think about that. Wow. For five years. No, all right. So let’s have a motion. Emma, if you could put the slide up, that would be great for especially since we’re recording. I’ll give you a second. That’s not working. What’s it’s okay. No, that’s not working. No. Let me try it on this screen. I’m trying to use technology to our advantage here.

18:40 Something was there. Let’s see if it likes sharing better from this screen down here. We might as well figure this out because we’re going to have to do this again in a little bit. Yeah. Probably several times. Is this here any better? Yes. Perfect. So I would like to make a motion to approve the Marblehead School Budget for FY22 in the amount of $41,839,543. I need a second. Oh, sorry. Go ahead. Seconded by Emily. Alec. Yes. Approved as well. So that is approval. Thank you very much. This is right on schedule, 730. If the school folks want to hang out and talk about the Selectments budget, you’re more than welcome to. But if you would like to exit Zoom left, you’re welcome to as well. Thank you very much. Thank you all. And have a wonderful night. This feels good. Thank you. Yeah. Great job tonight and great job all season. Thanks again.

20:14 All right. So moving right along. May I make a request? Oh, yeah. Please. Is that okay? I would like to request that we hold the Selectments budget until the end so I can refuse myself. Yes. Any discussion about it too until I provide you with me? I appreciate it. Every year I tell myself I’m going to remember and every year I don’t. I will never forget. Thank you for the reminder. Thank you for the reminder. So just by way of process, as the Selectmen virtually come forward and Jason and Steve, I believe, as well, and Emma, and do their presentation at our meeting when we discussed kind of process, we thought we’d make it a little more efficient, a little more streamlined this year. And rather than, I’m sorry, Alec was with me. I apologize. The two of us thought it made a lot of sense to show the summary page where they will go through the entire chart. I’m going to put it up in a moment after Steve’s done with his presentation or for Steve and team. And then we’ll just kind of go through the budget and I’ll read off the numbers. And as I read off the numbers, if I don’t hear anything, I’ll keep going. Obviously, the Selectmen, I’ll hopefully remember to just stay hold. If I don’t, Emily, please remind me. And then we’ll vote the whole budget at once. I think that’s historically we would go a little slower, but we know that’s okay to do it this way and it’s a little more efficient. So with that, I will turn it over to the town administrator, Jason Silva, to get us started.

21:47 Thanks again. Okay. Thank you, Mr. Chair, members of the committee. I’m hoping that either Emma or Steve can pull up the summary sheet and I can just walk us through the summary sheet. Very much, I’m going to walk you through each department individually and then in really high level talk about the changes that we may or may not be experiencing. So the first budget is the police department. The only changes to the police department is the step increases for employees. This is essentially a level funded level service budget for the police. That same thing can be said for the animal inspector salary of $2,400. The department is seeing an increase in its salaries for a variety of reasons. I’ll try to walk you through those reasons. So the fire department is seeing three vacancies that they are experiencing.

23:20 And with those vacancies comes kind of a six month onboarding process, is what I’ll call it. So once we hire the firefighters, there’s a 12 month waiting period for them to get to Fire Academy. Once they’re in the Fire Academy, there’s another three months of each firefighter attending the academy. So during that six month period, we’re not only paying for the salaries of those firefighters, but we’re also paying to cover OT costs because until they’re through the academy, they don’t count towards the minimum staffing requirements that we have. The overall cost you’re seeing in salaries is actual salaries is OT costs that we hope will be kind of a one time hit because of the transitional issues that I just discussed. And then the step increases. The entire group of firefighters is essentially, you’ll see the major difference in harbors and waters is the capital out plays that is being reduced. That’s surely driven by the amount of retained earnings that they have in the enterprise fund each year.

24:54 Highway, drain and tree, at first glance you’ll look and I think you’ll see a 46% or something like that increase, which is not an actual increase. It’s due to the fact that we’ve consolidated all three of those budgets into one now. So the comparison sheet that you have in front of you actually gives you the true comparison between highway in 21 and 22, tree and drain as well. And what you’ll see is that the budget has only gone up in the amount of $9,697, which is actually reduced. That should be a reduction, I’m sorry. Which is driven by, Steve, do you remember what that minor reduction is driven by? Yeah, it’s pretty much exactly the reduction. So by the consolidation of the departments really netted a zero increase. That’s including steps. So they actually did have a decrease as you’re showing step increases in there. The veterans budget is purely based on three year average, three year trends.

26:28 So we’ve been spending more in veterans benefit dollars consistent with the three year rolling average. You guys want to move down the sheet? Today on Weights and Measures our Memorial Day, $550 is the cost of flags, $150 and is level funded. Engineering is level funded. Building Inspection Department, two things going on in the building department. One is we have right now a vacancy in that department. The building commissioner position is vacant. And so we’re carrying not only that commissioner salary, but we’re also carrying a 10 hour a week position that we hope that flyby’s, the acting interim commissioner will serve in that role at the 10 hour a week position. And the idea is to keep him on board next year for a period of time to help with the transition in bringing on a new commissioner and providing a little additional layer of support for the new person. The $13,454 expense increase is based I think purely on the annual renewal fee of our new online permitting software, the viewpoint permitting software.

28:10 So that’s a reoccurring cost that I think we carried in the capital budget last year. Because it’s a reoccurring operating cost, we’ve included it in the operating budget this year. Public building increases are purely step increases employees. And I think there’s some, the docents at the Abbott Hall have been added back because of the, we’re hopeful that situation with the pandemic. The counts on aging salaries, those have increased because we furloughed two part time positions. One was cleaning personnel and one was administrative support. So again, now that we’re hopeful that we’ll see the counts on aging reopening to visitors, we’re adding those positions back into that reason. The finance department budget. So there are a few things going on here. Steve, if you want to add anything after I’m done, please feel free to. Last year, because of COVID and the need to try to save money wherever we could with the unknowns to revenue,

29:41 we eliminated a clerk position in the payroll office. In actuality, the budget last this year’s budget, FY21 budget, reflected a reduction in hours in three positions. What happened was this clerk position, the person filling it, transferred to the assessing department, which at that point we decided to keep it vacant rather than reducing hours to existing personnel. Requesting to add back this previously eliminated clerk position in large part because we really are hoping to work at the school department on a human resource, a consolidated human resources office, which is really a desperate need townwide. And as Dr. Bucky stated during his presentation, we’ve had two or three really productive meetings in this regard. We’re also talking about IT consolidation of functions. And so in order to execute that, we want to make sure that the consolidated HR function is supported properly. So we’re asking to add that clerk position back to the finance budget. Other items in the expense line, there’s $15,000 for interim coverage due to an anticipated parental leave within the department.

31:17 $25,000 is to cover just over expenditures that we have historically seen in a variety of expense accounts that we have. So mostly transfer end of year transfers. And then there’s also a $30,000 ask for essentially what I would describe in two things. One is ensuring that our new finance team is supported from a training professional development standpoint. And also the new finance director has come in and would like to, and is currently to conduct an operational audit within the finance department. And so $30,000 is also anticipating some implementing some of the recommendations that come out of those operational audit findings. And then lastly, the group insurance is increased by a little over 5%. But that excluded that is some questions.

32:51 Last week, the selectmen, you’ll see a significant increase in the salary reserve from about $150,000 increase over the $144,000 that we typically cover. $150,000 increase is mostly based on anticipated retirements for the police chief, chief assessor, and library director. There are also salary increases based on my new contract kind of administration. I also want to just broadly just say that it’s important to remember that these budgets do not, these numbers do not include any salary increases. We are actively in negotiations with all our labor unions. And these numbers also do not include administrative staff right now. We are about that. We are going to see salary increases for our administrators and for our union personnel. We just don’t know what that’s going to be right now. This year, this past year, municipal employees union on a compensation and classification study.

34:24 And we do have recommendations from that study, which shows what none of us should be surprised by is that the pay scale and pay schedules for our administrator staff are out of date. They haven’t been updated since 1997. So there are recommendations that have come from that that we are currently reviewing to see how thoughtful way. I understand that there are, while we are contemplating for the purposes of balancing our budget, we are preparing for increases within these numbers. You don’t see any increases for those. And lastly, I’ll say that we have in our OPEB and stabilization, we have planned to once again, to be 250,000 towards our OPEB trust, which we did not in cut again because of the COVID pandemic and the unknown impacts that might have to our revenues. And for the first time, we are requesting $250,000 appropriations to our recently created stabilization fund. We have a high level overview of the major changes that we’re seeing within the Selectmen Department.

36:09 Thank you. Anybody or even obviously the board of selection and any of the members of the selection care to speak. Otherwise, I’ll turn it over to the members. Any questions from the members? If so, Emma, we can leave it here unless there are questions from the members. If so, maybe go back to gallery view. But let’s see. Thank you very much. Did you want to go up there? You can go. Let’s go. Let’s go back to gallery view. And then let’s see. I did it hard to see more than two people on the right. Go ahead. Yeah, it’s great to see the stabilization fund being funded. There was a really important development last meeting that really practices and also that was it’s a good start. I was going to say you got to start somewhere. I got to go to the sentiment. We’ve been talking about trying to do this. We hear from your talk about the reliance on free cash. It’s nice that we started this fund. It’s a great idea. Kudos to you, Steve and Emma and the team that was involved. Do you have a question? Yeah.

37:39 Just a question about OPEB. I’m just curious, you know, how where we stand with that, you know, what what. What drew you to the $250,000 number versus anything else, considering last year we didn’t get any. And our current state is not so great. Steve, Steve, I did not plant that. OPEB stabilization. OPEB. No, I think the stabilization is great. But I was just curious about OPEB. You know, why 250? Where do we stand? Well, just like every other community in Massachusetts, the liability is staggering. I don’t have the exact dollar amount of the liability in front of me. But, you know, the creditors understand that it’s a problem, particularly in Massachusetts. And what I want to see is that communities are doing something to address it. Any significant meaning other than contribution made last year. So we kind of just picked it up as you know, you really should be making some sort of contribution. And then as we work through with the board of selecting and the finance committee, if you’re planning some various policies, you’ll probably see something like a step up every year. It’s an additional $25,000 within the restriction.

39:15 Can you just remind me one more time, what’s the total amount that we’re liable for? What’s our goal? Yeah. Thank you. This is not a major dent, unfortunately. Thanks. Emma, let’s, thank you very much. Let’s put that back on the board. I’ll walk through one at a time and at a decent clip. But I’ll try to give a quick pause between to see if anybody just bark out, hold the committee members if you got one. Can I say one thing? Yeah, please. Please, sorry. I just want to answer Emily’s question. I just get a quick search. It’s $195 million. $195.8 million. $250. I knew this was fine too. All right, so I’d like to make a motion to approve. You prefer the other view, Ben?

40:48 I can do the other view. I think I do. I think it’ll be easier. Absolutely. I just think it’ll be slower the other way. You just kind of, I guess I could have done this too. I apologize, but you’re a good one. So I’d like to approve the selection budget as follows. It’s $4 million. $4 million in the place in the amount of $4,281,828. The animal department in the amount of $2,400. The fire department in the amount of $4 million, excuse me, Chief almost said, $4,349,411. Highway drain and tree in the amount of $1,607,087. The Veterans Department in the amount of $115,569. Memorial Day budget in the amount of $7,050. Weights and Measures Department in the amount of $250. The Engineering Department in the amount of $179,864. The Building Inspection Department in the amount of $538,051. And 12 cents. The Public Buildings Department in the amount of $224,522. Thank you. Council on Aging in the amount of $292,657.88.

42:21 The Finance Department in the amount of $25,694,835.80. The Parking Department in the amount of $12,650. OPEB and Stabilization in the amount of $500,000. Workers Comp in the amount of $397,169. Let’s put a hold on the Selectments budget. Town Council in the amount of $102,000. Is that it or do we keep going? I thought so. That’s it. I’m going to put a total budget of $36,856,853.70.

43:56 So moved. Four seconds. Whichever the… I’ll take the second. Yeah. Thank you. I’ll take either way. Alec. Yes. Blair. Five zero with the movement staining. No, no, no. Sorry, Ben. I can’t put it on that. Oh, I’m sorry. I’ll do it backwards. Oh, my God. It’s only Monday and I’m already doing that. Emily. This is going to be a long week. Emily. Emily is a yes. Emily is a yes. I just did it backwards. Sorry about that. That’s okay. That’s a 6-0 approval. Emily, I cut you off backwards. All right. Thank you. And now… I wanted to recuse myself to an appearance of a conflict of interest. Thank you. I apologize, Emily. Jeez. All right. And now I would like to make a motion to the amount of $2 million at $71,732.48 to approve the Selectman Department budget. Seconded. Seconded by Blair. Alec. Yes. Emily. No, Emily’s… Emily’s out. Blair. What is wrong with me? Blair. Kevin, I didn’t hear you. Give it to me. Do we lose Kevin? We can’t lose Kevin. I can lose you when there’s six of us, not when there’s five of us. Pat. For a 5-0 with Emily, recuse for you at the Selectman Department.

45:26 All right. And Emily can come on back. Thank you. Sorry about that. It’s a total Monday night brain lapse. So I’ll bring this all back together. Thank you very much, Board of Selectmen and town administrator and finance director. And finance department. Thank you so much, all of you. It was quite an effort and I appreciate it. That brings us to the final moment of the night. We have a lot of minutes. You should have all gotten a whole host of minutes. Kevin, can I just add my voice of thanks to the town. Of course. Of course. You guys, the move swung in the middle of this process. Picked up a really great outcome. I just really want to thank you for your efforts and getting asked to get. Absolutely. Here, here. Great job. Time for the minutes. So we got a lot of minutes here. You should have gotten them all ahead of time. Again, echoing what Blair just said, Emma has been what rocks are. I cannot thank you enough for all you’ve done this budget season for us. You’ve jumped in and it feels like you’ve been doing this forever. And then your first year, we’re grateful.

46:58 And even these minutes is I guess I’m just going to read them all off. We have usually approved as we’ve gone along, but we’ve saved them all here for the end. So I’m going to read them all off. If you guys have a hold, let me know if not, let’s just take them all one, one shot. So I’m going to make to approve the following minutes. January 22nd, 2021 FinCon liaisons with the schools. January, February 10th, 2021 FinCon liaisons with park with wreck and park. February 26th, 2021 FinCon liaisons with the assessor. February 16th, 2021 FinCon liaisons with water and sewer. February 24th, 2021 FinCon liaisons with the school department. February 24th. That was a busy day. February, February 25th, 2021 FinCon liaisons with the library department. March 3rd, 2021 FinCon liaisons with the retirement department. March 10th, 2021 FinCon liaisons with health and waste. Finally, we have to approve our minutes from March. The FinCon meeting minutes from March 22nd, 2021. No hold. Do I have a second? Seconded by Emily. Alec.

48:29 Yes. Blender. Kevin. 758 job well done. Thus concludes another budget season. I’m grateful to the five of you for everything you did this year. We’ve come a long way in the last few years. This team has gotten a lot busier than it has in past years. If you have any friends looking to join FinCon, there are quite a number of openings. But this little team of six has been rocking and rolling and I’m grateful. I’m really appreciative of all you guys did this year. We’re not done yet. Next Tuesday night, the warrant meeting, the warrant hearings, we will go over. Actually, I have a printed copy for all those interested. The 2021 annual town meeting is May 3rd. But first, of course, we go through the fiscal warrant articles on April 20th this year. It’s actually Tuesday night, not Monday because of Patriot’s Day. So check your local listings on marblehead.org for the link. But it will be 7 o’clock next Tuesday. Motion to adjourn. Hang on a sec. I can’t do that. Not so fast. Jackie, please. You first. Thank you. Motion to adjourn, please. So moved. Second. In favor. Mr. Greater? In favor.

50:00 Ms. Belk-Pucker. In favor. Thank you all. Thank you. We’re not quite as formal and fast and fancy. We’re adjourned. Have a good night, everybody.