The meeting is now live John is veteran member did you want to facilitate? Sure, no problem, and thank you for the for the email and Usually I can never hit the link and make it work I always have to put in the ID number that which slows things down a little bit so I will call that this meeting of the long-term financial policy and on a subcommittee to order and Madam Secretary, could you Indicate how individuals can participate during public comment at each agenda item the item is presented The chair will ask for subcommittee members comments and then open it up for public comment The host in the zoom will be lowering all hands until public comment is open for the agenda item Once the chair has called for public comment The chair will announce for the public to raise their hand if they wish to speak on the specific agenda item If you are calling in to listen to the meeting audibly you can dial nine to raise your hand the host will then call on the public Who have raised their hands? Public comment will be limited to three minutes in a timer will appear on the screen for the subcommittee members and public to see Once all live public comments have been heard the meeting post will read email submitted If you provide a live public comment on an agenda item, but also submitted an email your email comment will not be read during the meeting Additionally, there is one public comment period on today's agenda to speak on on agenda matters, which is item two This is the time when any person may address the subcommittee on matters not listed on this agenda And also we need to do the roll call Yes, thank you madam secretary. I appreciate that chair Rogers member Schwedhelm Yeah, member Sawyer here Let the order reflect that all subcommittee members are present with the exception of chair Rogers Thank you very much. And at this point we will take public comment on items not on the agenda Do we have any any hands raised or any other? Request to comment we receive no emails and I see no hands raised. Thank you very much. Then we'll continue on to Item three which is the Proval of minutes any changes to the minutes that you noticed Council member look good to me. All right. They did to me as well. Thank you. So we'll then we will move on to item 4.1 and The our chief financial officer Ellen Alton, can you Introduce the item, please. Sure This item is our Fiscal our general fund budget performance update through the third quarter and Veronica Connor who is our budget and financial analysis manager has got run through the The slides excellent. Thank you very much. All right. Thank you, Alan Yes, my name is Veronica Connor of the budget and financial analysis manager And I know I might be a new face at the subcommittee meeting But I assure you I've been watching many of them and I've helped Alan out with these quarterly updates in the past So I will be running through these numbers with you today a next slide, please and welcome aboard. Thank you very much So we're going to take a look at our third quarter general fund revenues and our third quarter general fund expenditures We will put those together and try to see where we might land At June 30th, 2022 in the general fund At that point, I will turn it over to Alan and he's going to give you an update on our parking enterprise fund And we'll be happy to answer any questions and next slide And next slide, please So to start out with our adopted budget of revenues and the general fund We've shown you this pie chart before and I always like to start the presentation out with this just to kind of give a visual reminder That when we're talking about general fund revenues, it's really sales tax and property taxes Those are the big chunks that we're looking at. So we like to pay the most attention to those It's 53% of our overall adopted budget And when we try to see where we get a land for year end, it really is contingent on the performance of these two large categories So when we came and talked to you back at second quarter, we were recommending to appropriate additional revenue, which we did at council back in February So when this adopted budget was put together, it was last spring. It was in the height of the pandemic There was a lot of uncertainty and our numbers were just far too conservative. So back in February, as you probably recall We appropriated an additional six million in sales tax, an additional one and a half million in property tax and two million in rptt And next slide, please Veronica, could you do me a favor and go back to the the pie chart just for a moment and explain the because the other taxes Are higher than the property taxes. Could you explain the other taxes for those that might be watching? Sure.  Thank you very much. Sure Okay So this is our year to date performance as of march 31st 2022 So that first column there operating revenues this shows all of those major revenue categories that we just saw on the pie chart on the previous slide The second column our adopted budget. This is what we adopted about 178 million dollars back in june And then the mid-year changes The first one property taxes as I mentioned We appropriated additional revenue because we found our adopted budget was just far too conservative same with sales taxes We appropriated an additional six million And other taxes that two million was rptt So charges for services, you'll notice a reduction of revenue there that took place because our water billing function that is in We used to be in the finance department. We moved over to water mid-year So we used to have that operate within the general fund and we actually collected revenue from the water department into the general fund To pay for it. But when we moved that out to the enterprise fund, we also had to then reduce our revenue as well So although we have a reduction in revenue. There was also reduction in expenditure. So it was a net zero to the general fund The final budget moving over to the right is just the sum of those first two columns So that totals up to be about 186 million dollars is what we are hoping to collect by year end And then in year-to-date actuals That shows where we are as of march 31st 2022 So that bottom line which shows that we're at about 65.68 percent Um Well, some might expect that to be closer to 75 percent looking at three quarters in We obviously have some timing considerations. So we'll kind of talk through those as we go So property taxes are top line at 55 percent. This one we've discussed before we get a big installment in December and another installment in april. So as of march 31st It's right where we expect it to be at 55 percent And we have seen our amount come in for april and we do get us one smaller extra piece in june An accrual that occurs at year end and we are expecting to be right at about 100 of our budget just no more no less Sales taxes at 60.77 percent. This is also collected on a two month lag So we don't expect this to be quite at 75 percent. There will be an accrual at year end And also looking projecting out where we're going to be this one is also trending right about exactly where we think It is that um six million dollar mid-year change turned to be turned out to be Just about exactly what we needed to really meet our target Um uut is right on trend other taxes Even though that one looks low, it's actually coming in a bit high We collect the vlf swap and the same timing as our property taxes. So we're going to get a big significant amount in in april So in other taxes, we also have cannabis industry taxes. I mentioned and that one's coming in a little low So that one's been sort of up and down over the years and we don't think we're going to hit our mark on that one But we also have tot which is coming in high Thanks to the short-term rental fee that we've been seeing in the last few months That one is going to offset any losses in cannabis industry tax. So as a whole We do expect that other taxes category to exceed budget by the end of the year Um moving down to licenses and permits. This one is obviously already exceeded budget This is your building permit fees and encroachment permit fees which are coming in pretty high So we obviously will be seeing more of these in the coming months And same with charges for services. This one's coming in high as well. Thanks to We have building plan review fees and planning permit fees and engineering fees So it's really those pet revenues that are driving those two categories and bringing in our revenues above budget And our governmental is at 91 but we don't expect that to exceed budget That's a timing thing where we get payments early on in the year for our roseland and roseland payments and Pavement maintenance is the other one So then fines and forfeitures is one that we expect will not be it will not actually hit our budgeted amount This is mostly parking violation revenue and we don't see that quite being what we were hoping it to be So we might come up a few hundred thousand dollars short in that one And then finally transfers in these are predictable amounts that we know we expect to say 100 of these by the end of the year No more no less So let's go to the next slide, please So this kind of summarizes the projections of what we were just discussing So property tax sales tax and new ut We don't expect to be over or under budget just right about on target Other taxes we think we're going to come in just a little bit ahead of budget Thanks to tot coming in high but cannabis coming in low Licenses and permits and charges for services are mainly driven by pet revenues, which are going to be exceeding budget And then finally fines and forfeitures is going to be coming in low So overall we're looking at about 2.6 million dollars ahead of budget for our year-end projection And yeah, any sorry you're you're muted muted. Sorry. I'm going to interrupt you just for a second Mr. Schwedhelm, if you have any questions as we go along I'm a big fan of doing it as we go Given the nature of this information gathering So if you if you see something that that you want to question on any one one of these slides just you know jump to it You're timing John. Thank you Veronica for this information. So we had been talking about it I know this is only third quarter, but let's say this is fourth quarter. We had that number so without 2.6 million be Then up to council. Where do we want to distribute that extra revenue into which bucket whether it's pay down or purrs unfunded liability We talked about infrastructure. We talked about vehicles. Is this the figure that if again, it was fourth quarter we'd be discussing Unfortunately, no. So this shows us coming in ahead of budget for revenue We'll put this together with expenditures and a few slides ahead of the game. So We did even with revenue budgets being what they are we were did pass a deficit So, you know, we're looking better than a deficit, but we aren't quite two and a half million dollars in the black yet so Okay, just one half of the equation. But yeah, we'll we'll see that in a couple coming slides I'm taking the rosy half optimistic cap. Thanks. Thanks, Tom Are there any other questions on revenue before we move into expenditures? I think we're good Okay, okay. So the next slide and next slide, please So general fund expenditures another pie chart to give you a visual The general fund as we know is very people heavy. We have police. We have fire. We have administration So this pie chart shows that blue wedge and the orange wedge are all salaries and benefits They equal about 79 of our total general fund budget Services and supplies this covers anything from overhead to professional services, which is about 38.7 million and then we have a tiny little sliver of capital outlay that we adopt with our annual budget So when we talk about an annual budget and we are looking at our year-to-date spending It's it kind of varies for how we approach services and supplies and salaries and benefits As you know, we adopt a budget in June and we start spending our expenditures in July And we want to get as close to our adopted expenditures as we can without exceeding them If we exceed budget, we have to come back to council and appropriate more, which we don't want to do So by design this adopted budget will have turned back. It's just how it works Um services and supplies if we were to show you year-to-date spending It doesn't mean a whole lot at this point because we know that come June departments will do everything they can to spend what they have they will encumber they will You know go out and buy what they can they will roll contracts over So what we do is we assume that at year end about 98 of all those services and supplies and capital outlay will be expended Salaries and benefits which are obviously the majority of the general fund budget here are a little more easy to predict because we have a payroll schedule And since that's the largest chunk of what we're looking at we can dive into that a little deeper So we could move the next slide, please So salaries and benefits for fiscal year 21 22 We did come and appropriate an additional 7.7 million in salaries and benefits back in February and that was due to our labor negotiations There was a signing bonus and there were colas And we also appropriated about one and a half million for fires overtime budget, which we felt was grossly unbudgeted so When we consider that there is actually still One more cost of living increase that has to take place towards the end of the year So as of March 31st, we have not even seen all of our cost of living adjustments There was one more that was going to take place in April So we had to factor that into our projections of where we think salaries and benefits may land So the other final consideration is that we do budget a vacancy credit When we do our budgeting we budget every position For their full salaries and full benefits, but we know it's impossible to have every position always filled So we've always put about 1.5 million of a negative amount in our budget to offset those Or to account for those vacancies This year, we know that that's not enough Recruitments and hiring has been a very challenging Thing for all departments across the board. So we just know that We're going to see more turn back than one and a half million for vacancies Veronica on those positions Do you do it at top step or entry level step? So when we budget positions anything that is filled we budgeted at what they are what level they're at plus There's a step built in for if they're due for a merit increase or if they're due for a cost of living increase So it's pretty accurate for anything that's vacant We budget I believe if it's a range position, but it doesn't have actual steps We budgeted at the low range assuming that if we were to bring someone in they'd be at the low end But if it's a step position, we do it up the mid step Great. Thank you Or the could you go back to the prior slide just for a second? Yeah Good for me. Um, so on the services and supplies, you know What what you mentioned was there there tends to be near the end of the the budget period a fair amount of purchasing etc For these services and supplies, you know So that the community understands that this is not just wasteful spending could you explain how they what the How the departments decide on what how to Expend the unused budget near the end of the year Sure, so if We're approaching the end of the year for example in our budget season right now We're constantly hearing from departments things they need that if it's anything that's one time in nature We encourage them to look at their services and supplies budget for the current year And estimate are you going to have unspent appropriations try to purchase it now anything that you might need For the next fiscal year anything that maybe you needed for this year, but you couldn't get to it's yeah, it's certainly not Just spending with you know just spending just to spend but Yeah, they are looking at things to encumber that they can put into contracts or professional services are really one of the larger items Professional and outside services that have contracts in place that if we budget a certain amount in this year And we need them to encumber that amount before the year rolls over so a lot of that goes into contracts I appreciate that it's it's almost kind of a cleanup of expenses Near the end of the year and it's important for the community to know that because it's there's there are Those that feel that but just just get used up because they need to be used up and in our case We try to be very very careful and in in those expenditures and make sure that they're that they are reasonable and affordable and so that's absolutely that's why I asked the question I appreciate the clarification and I know some organizations operate on a A system where your budget one year equals what you spent the previous year We don't do that. So it's not the type of thing where Spend to inflate your budget so that we can match it for the next year It's just you know, you will get the same amount, but we do look back to see what's reasonable for sure I appreciate that. Thank you So we're on slide 10. Yeah, we can move on to the next slide. Thank you So this is projecting out our salary and benefits expenditures for the rest of the year The blue wedge shows our year-to-date expenditures of 105 million The orange wedge shows what we expect is going to be spent in q4 of about 38 million And then we think we're gonna come on under budget at about 4.3 million by the end of the year And this will be our salaries and benefits turn back So what might affect this would be any retirements? Sometimes we have retirements within the general fund that have significant payouts of vacation time If we have somebody that's been with the city for years and years If recruitments were suddenly to take a great turn and all of our vacancies were filled That might eat into this turn back a bit as well And then finally towards the end of the year we do see what we call salary savings budget revisions This is at the city manager's discretion and we don't see a lot of it But sometimes if the department has salary and benefits turn back They might ask the city manager for permission to use some of these unspent appropriations To hire a contractor to do this role if they're having difficulty recruiting or to Put those expenditures towards recruitment or advertising to fill that position So that's something else that might affect this 4.3 million dollar figure But I mean at the end of the day all things considered that 4.3 million dollar figure is not going to differ wildly It's not going to be half that it's not going to be double that it's going to be somewhere in that ballpark I'm going to go to the next slide So putting everything together for a year-end projection for June 30th, 2022 We're looking at recurring revenues and transfers in of about 188 million Are operating expenditures and transfers out of about 187 million And we're looking at a total surplus of about 750 000 So this isn't huge, but considering that we passed an operating deficit of about 8 million dollars. We're doing pretty good So it's it's a better view So we do expect as we discussed before to hit 100 of transfers in and transfers out Revenues are coming in ahead of schedule, which is closing that deficit Expenditures returning back more salaries and benefits than anticipated. So that's helping that deficit out as well And that's it for my third quarter update. So if anyone else has any questions I'm happy to answer it before I turn it over to Alan to talk about parking Thanks Veronica. Tom any questions at this point? Yeah, I do have one I I know talking about the recruitment challenge and I'm seeing what is going on in a variety of different job functions Where they're actually doing uh sign on bonuses and things like that If the city were to go into that direction to try to recruit additional staff Is does that require council uh feedback or interaction or is that at a staff level decision? I believe as long as we would have the budget for it It would be a staff level decision if we you know, we obviously we have unspent appropriations and salaries and benefits So that would be a totally appropriate use to be able to say we didn't spend x amount during the year Can we use this as a signing bonus if it becomes something that's more Structured into our annual budget going forward. We would definitely need to take that into consideration with building our annual budget And that would be something council would be a part of Yeah, and that's what I would I would hope that You know, the staff are the ones closest to this and there are some And I just know from a police department perspective where they used to attract 500 applicants I think this last one they got 88, you know, and it's like and if other Agencies are doing that. I'm guessing Departments are looking at other strategies to try to fill some of those vacancies. So thank you for that. Yeah, no problem Thanks, Veronica. Good presentation I'm going to move to public comment. Um, so Madam secretary, do you need to reiterate the instructions for the community if they want to weigh in on on 4.1 Hey, John, we may want to wait until I think we have like two or three more slides just on the parking side Oh, I'm sorry. Yeah, and we can catch all those and that way we can have comments for all of them should be Sounds good. I appreciate that. Thank you Let's see here. So, um, what I wanted to do is well, uh, yeah, what I wanted to do is to provide Just a quick update through the third quarter Where we are with the parking enterprise. It's something that we're You know, we're challenged there right now in that we have Had lower revenues We've over the last couple of years as a result of not only COVID impacting The the fund itself With less people in the downtown Parking so less revenue coming in We've also We were trying to help out the businesses in the downtown by waiving a number of fees So over the last Definitely last year and and into this year. We are running deficits that has an impact on the fund So what I wanted to do was to give a an overview here Uh, this will also be part of the discussion we'll have on In may 10th at the uh, at the budget study session Uh, it's parking as a part of of finance. I'll I'll be talking about this then So I wanted to give a an update here to this committee as Prior to that so next slide, please So, uh, just hit right into the nitty gritty here This is uh, this is the fund forecast Uh, that we've started developing for Uh for this and I'll I'll give you Uh, it's it's very high level, but I'll I'll talk about some of the assumptions that we have so Uh, the first two columns. This is the the current year adopted budget and the Uh, and then the proposed budget for fiscal year 22 23 As you can see in both years we do we are running a deficit And then going into the forecast years Oh, I should take a step back. So this is the operating revenues that we have in there are are Include the fee waivers that that we have in place. So, uh, at least for fiscal year 21 22, however for 22 23 We are The the fee waivers go away at the end of Of june. We are not proposing to extend those So we built back in some of the revenue that we know we can count on coming back And that typically have to do with garage revenue attended garage. So basically pulling The parking tickets or to go into the garages One of the things that we are doing though is we are working with with the dao and they have mentioned that ways that we can try to Encourage more parking for the garages And one of the ways that we could do that would be to be consistent Through all of our different garages, especially as it relates to the first hour free. So right now two of our garages Offer first hour free And that was pre-covid So going post coded what we are proposing to do Is to have all of our garages First hour free that will provide the businesses And and the dao themselves Uh some consistency and permanence so that they can have that as a part of their advertising and bringing people in Here are some places apart their first hour free Our hope is is that while that hurts us a little bit in revenue Hopefully we'll be able to get more Uh a revenue as a result of it and and right now at this point We uh, we want to try whatever we can in order to Help the businesses downtown, but also to hopefully spur parking usage And and generate that revenue the $200,000 of non-operating revenue that is made up of of interest and Because it's an enterprise fund the investment Of that fund it's it's within there. It's part of our overall portfolio But there is allocated revenue that comes from interest and gain and loss on on investment That amount wildly goes up and down from year to year. It's very difficult to predict It's not something that I would use as a basis on which to build a budget However, it is revenue that comes in and based off of past revenue amounts From that $200,000 seems to be a reasonable club to have in there. So that's just plugged throughout the the the forecast And then our transfers in this is really the money that's coming in from the general fund that helps pay for the parking enforcement operation and on the general fund actually receives all of the parking fine revenue But in turn it pays the parking fund to actually do that enforcement For operating expenditures, this is salary benefits and And services and supplies The increase from fiscal year 21 22 to 22 23 is largely a result of the mou increases that were that were passed so it's the uh So that's what what what those? are Our transfers out is for That's largely to go to the dao as part of of the parking part of Of that business assessment district So with that if you add all those up We get to a deficit and then below the line I put our projects Which are both our o&m and cip projects are They're they're really there's not a lot of distinction between the two those projects are mainly to to do maintenance on our garage and slots parking meters To to that We do have a asset management plan. We try to Budget for that when when available And that is what you're seeing there. So this is uh, it's pursuant to that to that plan And then whatever the updated numbers are for that And then i'll talk a little bit more about that going forward in and where we are from strategy sampling so We are anticipating ending the year fiscal year 22 at 5.9 million dollars of reserves uh, and And then drawing down on those reserves again for the 22 23 budget Going into the forecast the 4.8 million dollars of revenue What I did was I went back to five years of of pre-covid Revenue took an average of that We've done a lot of different things over that time In in some some years we expanded our parking hours. We reduced those we've kind of Done a number of different things. So I just basically took an average and sort of Took away the high ends and the low ends and it gives us Looking for a target from which we can hopefully Uh, you know gauge where we need to be in order to be able to operate in the fund again, we have the same plug for the The non-returning revenue and then the transfers in And the transfers in because they are tied to staff largely, uh, I put the same uh Benefit and salary assumptions that we would have for our operating expenses into that because I figure it's about a one for one. So I wanted to make sure that I covered that in that For operating expenditures, we do know that there's going to be a COLA increase in fiscal year 23 24. So that's included in there plus we have increases for Purrs and other benefit costs that are that are put in there And uh in these mirror what our long-range Financial forecasts that we're doing for the general fund. So what I tried to do was take what we're doing for the general fund And mirror that for this because the overlying assumptions are the same Especially for the known cost that we have and so those costs are are escalated as we go through the the four paths Uh transfers out I I remain I I left that constant. I I figure that it's going to be around 120 121 thousand that's that's about what it's been in the past Uh for uh to send money to the gao. So I figured out the pretty constant And what we get is we were able to operate Uh from just a pure operating stand stand for for a few years assuming that we are meeting our uh the revenue amounts And uh, we could continue to go but it does go on a downhill basis. So We're really looking at that 25 26 year where we get pretty close to the bottom And in terms of projects Um What we're doing now at the staff level is to try to identify within our asset management plan what we can push off Or or really what's critical If we have to do something right now Then then you know, we can do it but what it's going to do it's going to impact our bottom line Uh of our reserves. So ideally I think From 23 24 and going on while I'm showing project amounts here Most likely what I'm going to need to do Is push off anything non essential to out years Um and in order to Uh maintain reserves because we're at the point where our reserves are just Going off a cliff and I can't afford to do projects So it will also probably require us to go out and and and Do some structural analyses of our especially of our garages To make sure that we aren't deferring anything that is more of a health safety issue We want to make sure that those we do and we find money to do that but overall What we have that i'm not really You know, we're still trying to formulate at the staff level Where we go with this because We're we're headed in a bad area. We're hoping that that revenues will will We'll go up to a point where it not only supports operations but also supports doing projects I am looking uh at the potential of of uh financing projects to you know preserve cash And be able to get our projects done if we can afford to do that We'll have to look at creative ways of Of coming up to adding new revenues These are all things that we're looking at In order to Try to maintain the operation Uh, and then I I assume at some point Uh, we'll come back to the council or probably this committee Uh As well before going to council And talk about really what our long-term strategic options are For the enterprise but right now Um, we've taken a hit over the last couple of years it reserves Uh, we're hoping that that that, uh With things opening back up that revenues will come back But i'm really worried that that even if they come back to average that it's not Uh enough to sustain operations in the long term without either increasing revenues or Uh decreasing expenditures or a combination of the two Uh next slide please Alan before we go to the next one. I just had a quick question Transfers out you said to the dao Is that different than the funding that that I believe the city provides to the chamber for Doing managing events in the square. What what's that 121 k go? So there is, um, I think there's a couple of different things to play There is some stuff that goes to the to the chamber, but there is a, uh Uh, there is a a benefit district that the downtown part of the general fund does pay money into that This is specifically the parking funds Uh contribution to that and it goes for uh, I do think that it does Pay for some of the things going on in the stairs in the square, but it's also for Uh general beautification and and there's maintenance work that's done in there And so it's it's all that but what you're seeing is the specific bill that is tied to parking because Of of our presence in the downtown. Great. Thanks for that clarification Alan before you go to the next slide. Um, I'm curious This is maybe a slightly off off point, but are we promoting are we well promoting? The one hour free or do you have because as far as I know you have to get right up to the ticket spitter And then it It's it tells you that you're going to have one hour free I may be totally off base with that that may just be a memory that I have but Um, if we're going to be offering it and we could use if it just takes a fair amount of some some paint in uh in a fairly high point size Saying one hour free now admittedly it goes it goes against The generation of of resources But if we're going to offer it we should promote it. So I'm wondering if to your knowledge is that in the plan So it will be in the plan and we have talked with uh with cadence Uh at the dao about specifically that And so what we've committed to is to working with them to try to figure out ways To not only better promote the parking that's there and some of this doing one hour free would be part of that um But also the to to any anything else that we can do Relative not only the businesses and the events but also the parking options that are there. So I imagine that we'll be working with brahisa on that as well and uh, but definitely we we Both Chad headway who's the the new Chad head speaking who's the new parking manager We've both met with cadence and uh committed that are Working with them to try to find Creative solutions to make all of this work together. And so that's that's kind of where we are And and we talked specifically about advertising. So we will we are working on that I appreciate that and it's it's that's good news. Thank you Welcome So yeah next slide please So this just kind of tells you where we are with the reserves You saw that on the forecast slide, but this just gives your standard thing. I do want to point out one one item So there was the sale of lot two which is about 1.3 million dollars which uh ordinarily would go into the reserves and it is in there right now We have received those funds and they are in the reserves However, I I I think and and I apologize, but I I need to work a little closer with our attorney's office on Exactly how that that sale agreement was structured In that there may be something that triggers us to need to use that money towards that lot should something happen there in the future so What i'm looking to do is kind of pulling that aside That that's money in there and hopefully that that that ends up Uh being a part of our reserves, but I can't spend it So, uh, I think I need to assign it in there just in case In case something gets triggered later where I need to do that towards lot two, but um Those are uh, those are things I need to I need to iron out with the attorney's office of exactly what Our liability is without Would you remind me of what lot two is is that that little one off of um east street? It's the one that's right across from macy's As I point and you don't know where I'm pointing, but It's over right across from the mall. Um, it is a small kind of But I think it uh, yeah just right across from macy's in the mall. That's that's how I best know it Okay, I just I'm just curious because I don't I don't know them by number. I know the I know them by street Yeah, and I think I And I think I I have the wrong I I can't even recall the street that's Not a problem. I'll I'm sure I I'm sure I've seen it. Thank you Yeah, you talking the raw street lot Alan. I think yep, that's it raw I I oh, I didn't have the confidence to pull the trigger on that one. I'm here to help Yeah, I wasn't go I wasn't finding it. So yeah, I appreciate that. Thank thanks Tom and and before we Go to public comment. There is one thing I do want to kind of add on to what what Veronica talked about and Tom your question about the year end And what surplus so yes Anything that we would have in the general fund that that in that surplus mode that Uh, uh, those are true one-time items that could be used to for true one-time project Um, we will know that more towards the end of Uh, September, October So the idea is that that's when we would come back and say here's the amount that we have to work with And whether it goes into buckets or whether it goes into a specific thing and I can talk a little bit more about The bucket issue is on the next agenda item, but um, we're but that that's that's kind of the rough timeline of where we are with that Okay, and just with that, I know it's not on the agenda, but Do we have the 115 trust or do you we still need to get Talk about it right right right after this. Okay. Thanks So with that, uh, if you have any other questions that that That ends our tag team report Thanks, Alan. So I'm not seeing any other questions popping up with the um Those on On the screen it madam secretary. Do we have any comments from the from the public on this item? No emails were received Thank you very much and no and no raised hands There are no raised hands. Okay. Thank you very much. Let's let's we'll just go ahead and move on then Alan and just for a little housekeeping, um, I have a hard stop pretty much at 545 so, um, you're you're gonna you're gonna absolutely need that Excellent, thank you very much. Just want to give you a heads up. Thank you. Uh, so the the next item on the agenda Um, is an update on where we are with the fiscal policy so, uh on may 10th we will have an item at council to adopt the section 115 trust and include initial deposits into that trust And what I can give you at a very high level. So we're looking at Uh, we're we're actually going to do two trust accounts So one for the city general fund pension and one for Santa Rosa water pension costs So we talked with them. We Gave an overview to the their the bpu's budget committee for budget The full bpu and study sessions. So they're aware of moving forward. Uh, we plan on doing an initial deposit of 10 million dollars of the fiscal Stability general fund Funds held in reserve And then Water is doing 4.4 million out of their reserves that'll go in in Beginning in fiscal year Uh 24 25 We will our our Existing pension obligation bonds will be retired And so we are going to redirect the funds that we would spend annually towards That debt service To contribute to the fund So what that means is that on the general fund side is about 2.6 million dollars On the water fund side. I think it's about 700,000 So what you will have in doing that Is that we'll have an initial deposit and then an ongoing contribution With absolutely no increase to the budget and you'll be able to Start building the funds up there. We believe that by by going at that clip um Probably around 10 years. We should hit our goal of On the on the general fund side of About three point or 34 million dollars Which is uh is a Right now Right now a high year Year payment of not only our ual, but also our normal cop So that's that's the total purse Thing there. So that was our initial goal is to hit that and then Uh based on the analysis that that we've done that right around that same time period We're going to be inching pretty close to 100 funded status That that'll be Looking at we'll have to do an actuarial evaluation of the section 115 but with that in conjunction with the our normal cal purse account we should be Uh very closed if not at that 100 funded. So we're getting that was our next goal and then The the idea is to continue through that process to continue funding it and to get to where uh That actually becomes a true pension stabilization fund um That that will allow us to see uh increases going out in the future to be able to use those resources to pay cal purse and uh and not adversely affect the general fund and the same would be the case with water and uh And we'll just continue chipping away at that ual uh And there we go So that's coming. That's exciting. That'll be there on may 10th as a report item. Uh, it will go there and we'll also have Uh, uh, somebody from pfm who's going to be running the trust. They will be there in case calpher has any questions from them The next thing that we talked about was the capital replacement items and Specifically as they related to the fire department because that was the largest Chump that we had to deal with Uh, the the majority of the in fact None of the fire vehicles the large apparatus they had was in the capital replacement fund So we have figured out a way budgetarily to handle that So again, we we do need to use some of the fiscal stability funds about 3.3 million dollars And uh, we'll we'll have to have an item I I think we're Veronica's and I are still talking on whether We can have that as called out separately But as part of the budget item going uh on june 21st Or if I need to do a a specific standalone staff report for that But um, the idea would be is that we will uh that catches up the fire department within the equipment replacement fund And then beginning in 23 24 So they'll be a part of that fund just like every other department that has equipment there it will it will mean a About a little over a million dollars of additional annual expense In the general fund at that but that is part of our long range forecast as we're going there So we've already included that as part of it and the nice thing about that is that it means that um That those two items We can handle budgetarily and not have to use the bucket of surplus funds And what's good about that is because the third item that we talked about was deferred maintenance And whether that is infrastructure for facilities or infrastructure in in the public And that is going to be a big nut to craft to be perfectly honest. So to be able to and I know that I have talked about getting policies for all three of those things going in in place by june 30th I am going to need to push that one off into the summer as we start going through and evaluating Uh, what could should be funded and prioritizing them from a health uh in safety standpoint to a uh critical need of a facility such as a craft down the middle of the public safety building or HVAC system replacement roofs all of that Uh, it's becoming a more daunting task than what I originally envisioned And we just simply at the staff level need more time to be able to to go through that That uh that evaluation process and find that at the same time Just as i'm working with uh our municipal advisors on what we can possibly do with uh infrastructure funding relative to the parking district and that we're also looking at what we can do in terms of infrastructure projects in general and how we can preserve cash by issuing debt We have a very clean debt sheet as it relates to especially the general fund and This may be the opportunity for us to be able to to do that. We know that we have a uh a fire station we need to build down As we relocate station eight We have those types of projects that we're out there and we need to figure out ways To fund those and move those forward while preserving cash so um And I think the two of those things are gonna they're going to intersect in some areas So we need a little bit more time to figure out where they do intersect And what makes sense to be to more cash fund And so that that's where we are with with all those those programs Tell them any questions Any questions just thank you. Alan. This is um music to my ears. You know, I like that. We actually we've identified a path moving forward to You know, right in our financial ship. So thank you so much for all your efforts on that. I'm really appreciative You're welcome took the words right out of my mouth. I I just you know at every opportunity into the future when when Identifying these strategies to future councils it's going to be really important to reiterate on our, you know on as often as necessary to um Make them understand the importance of following the strategies because they will pay off in the long run and those Obligations that we that we are under now Will ultimately if if they are if they hold strong to the strategies will fall away and it's just really um I'm so pleased to see these strategies that even even though that you're not complete with your Infrastructure that's that is a major piece of work. And I understand that and as as Tom and the rest of the council I'm sure as well. So, you know, keep up the good work. Um, it's I just really love seeing it in in print So at this point, um, madam secretary, do we have any comments from the public at all? in any type of device No, we do not All right, excellent. So, um That being said, I think, um, we are Pretty close to adjournment unless there's any other any other comments from you, Tom or or Alan Or Veronica If not, um, all right, thank you. And thank you, um, madam city manager for for listening in as well This is an important conversation. Look forward to the next meeting and thank you very much. Um, all involved and we will, um Until next time Thank you


This 2016 GMC Sierra 2500 double cab short box SLT is stock number 12124 Z. We're here at Summit Automotive in Fond du Lac, Wisconsin You're new and used heavy-duty truck headquarters. This 2016 GMC Sierra 2500 double cab has the 6-liter V8 engine. This truck has been fully safe and inspected by our service shop has a fresh oil and filter change. All the fluids have been checked and topped off. The truck has been gone through mechanically 100% per the state of Wisconsin inspection process and it is 100% ready to go. Summit white is the color we shoot all of our videos in 1080p 60 frames per second so if you have HD capabilities on your computer's smartphone tablet or television turn them on right now because it is your best way to check out the quality and condition of the truck before seeing it in person. And if you like the video and want to subscribe to our YouTube channel the lower right hand part of the screen is a subscribe button. Click that and then click the bell notifications you'll get updates on the videos we do each and every day of our new and used inventory here at Summit Auto. Pretty nice down that side. This one comes with the chromed alloy rims. These are 18 inch rims and they have BF Goodrich all-terrain TA tires. These are LT 265 70 R18s and they have I'd say probably 70 80 percent of the tread left on them. Pretty nice shape. Front fender is in excellent condition. I didn't see any major dents or dings on there. This one does have the HID headlamps, the LED running lights, factory fog lights. Front bumper is in excellent condition as well. No dents or dings. The lower valence looks really good and you do get that chrome trimmed grille. The hood is in very nice shape as well. No major dents or dings on there and it does come with the clearance lights up top there. Passengers side front fender looks really good and the passenger side rim. No major scuffs or scrapes on there. As you go down this side of the truck take note of how clean the body is how reflective and mirror-like that paint is. We take these HD videos so if you are far away or even if you're close by and just can't make the trip down but you're still interested in purchasing the vehicle you can see the vehicle, hear the vehicle and of confidence in what you're looking at before you even get here. So when you do get here, there's absolutely no surprises and you can make a smart and informed buying decision from wherever you're at. I didn't see any dents or dings down the doors or box on this side. This back rim is in pretty nice condition as well. Back tires have just as much tread as the front tires and the frame and underbody looks pretty good and it's like that all the way underneath. Lower rockers. Very nice as well. And as we come around to the back of the vehicle rear bumper is in nice shape. You do get the chrome tipped exhaust. No dents or dings on that bumper, rear bumper steps, full towing package which includes a receiver hitch four pin and seven pin wiring. Tailgate is in nice shape. Has the shot down assist tailgate. Spray and bed liner. Looks like it might have had fifth wheel bed rails in it at one time. But, it's a heavy-duty truck. And it does have the LED bed lighting up top. You can see those lights are right up there. And there's one on each side. Turn those on with the cargo lamps. Tailgate shuts nice and solidly, lifts up nice and easily as well. And down the driver's side just as clean as that passenger's side. No dents or dings on the box. And for full disclosure, this back rim is in really nice shape as well. Down the rest of the side of the truck looks good. It does come with the telescopic tow mirrors. They have directional signals, LED side lights, they telescope out like so.  No rips or tears on these seats. They are in really nice condition. This one does have the power driver's seat factory all-weather floor mats. Auto headlamps turned out four-wheel drive factory brake controller tilt and telescopic steering wheel. Power windows, power locks, power mirrors, and memory driver's seat. And like I said, those mirrors do power fold in. I always like showing both sides so that you know that both sides are working properly. We'll hop inside, turn the ignition on, check out the miles and the radio and everything that this truck has to offer on the interior. You can see that this one has 51,147 miles. Instrument cluster is very nice and clean. You get the leather-wrapped steering wheel, Bluetooth and information center controls on the right, cruise controls on the left, and it does come with the six-speed automatic transmission with the optional tap shift. This one has the GMC IntelliLink system. So you get AM, FM, and Sirius XM radio capabilities on here. And this one also has the projection manager where you can project your cell phone to the screen via Android Auto or Apple CarPlay. So this one doesn't have nav, but you can project your cell phone with a nav program such as Waze or Google Maps onto the screen and then use that through the screen so it's like you have nav on here. This one does have a CD player, dual-climate controls, heated seat buttons, power pedals, stability control, and that's for the cargo lamps. That's how you turn those LED side lights on and your bed lighting in the back. Passengers side floor mat and seat are in excellent condition as well. No rips or tears. The headliner is nice and clean. This one does have the plow package, which is indicated by that button right there. And then you do get map lights up there and on-star and SOS buttons in the rear view mirror. We'll take a quick look at the back seats and then we'll start it up and take a look under the hood. The back seats are just as clean as the front seats. No rips, no tears back here. It does have the latch child safety system for any child car seats you may have. Fixed glass rear window with the built-in rear defrost and once again those seats are in really nice shape. They do fold up for extra storage. All weather formats back here and the carpeting is nice back here as well. You can kind of see those LED lights in the bed over there. The bottoms of the doors look pretty good. And there are those LED side lights on the mirror there. Super bright. We'll start it up and take a look under the hood. Starts right up. No check engine lights or anything like that. I would personally like to thank you for checking out the video today and hopefully from this HD video. You'll be able to tell just how clean this truck is all the way around inside and out. Verify its quality and condition. You can see it does have those HID headlamps. LED running lights and under the hood we have the 6-liter V8 engine. Engine bay is very clean, runs very smooth. Once again this truck has been fully safe and inspected by our service shop as a fresh oil and filter change. All the fluids have been checked and topped off and this truck is 100% ready to go. I'd highly recommend this truck from a quality and condition standpoint and to see more pictures of this truck. From one of our other 450 new and used cars, trucks, SUVs, minivans, Wranglers, half tons, three quarter tons, one tons, you name it. We got to go to that website right there www.summitauto.com. Full pictures and descriptions of every single vehicle from two locations all at summitauto.com. And if you'd like to check out more HD videos you can go to youtube.com slash summitauto. Remember to like, subscribe and share on this video and all the videos that you see there. Click the bell notifications and you'll get updates on the videos we do each and every day here at Summit Auto. In fact in a second you will see a link to subscribe to our YouTube channel on the upper left. The link to more GMC Sierra 2500 truck videos like this one on the upper right. A link to this vehicle on our website on the lower left and a link to one of our latest YouTube videos on the lower right. Click those checks out and we're super excited to help you with this Ultra Clean 2016 GMC Sierra 2500 Double Cab Short Box in Summit White Clear Coat. Thanks again for checking out the video.


Hello and welcome to the Grand Line Review, your source for everything one piece, except for right now, because I am here to officially announce the Grand Line Review Jolly Roger Contest. As you've probably noticed from watching my videos, I'm less than great in the realm of graphic design, so I would like to turn to some of the more talented people of the world. The aim of the Grand Line Review Jolly Roger Contest is to emerge with a symbol that can be used in any Grand Line Review content, including videos, thumbnails, discord avatars, and so on and so forth. Something to tie the official branding together a bit better than my current efforts. What I'm looking for is a one piece inspired Jolly Roger symbol that is entirely your own original work, and suits the current aesthetic of the channel. I'm a big fan of simplicity and I'm not afraid of vibrant colour whatsoever, but if you have a vision for something detailed and monochrome then absolutely go for that as well. The most important thing is that this Jolly Roger evokes both one piece and this channel. To submit an entry, just send your file to GrandLineReview at gmail.com with the subject Grand Line Review Jolly Roger Contest. The deadline for the competition will be midnight eastern standard time on October 30th, which should give you roughly three weeks from now. All of the top submissions will then be featured in a video on this channel, and for the grand winner themselves not only will they receive credit in every future Grand Line Review video, as well as a link to their work in the description, and an invitation to appear on the channel in the winning announcement video, but they will also win the right to invoke one Buster Call. For those of you who don't know a Buster Call is an action typically reserved for admiral level patrons on my Patreon, whereby they have the power to have me make one video on a topic of their choosing. That topic can be anything, a request to do a 101 on a certain character, a specific top five list, a random topic that doesn't fit into any of my current series formats, or hey, you know it actually doesn't have to be related to one piece at all. That is the power of the Buster Call. But yeah, that's pretty much it. If you have any questions regarding the contest, feel free to drop them in the comments below, and I will answer them as swiftly as I can. Otherwise, I very much look forward to seeing your entries. This has been the Grand Line Review, and I'll see you next time.


What's up everybody, JC here for jasperyscasebreak.com guys, happy tops chrome baseball day guys, 2023 tops chrome, I see you guys. This is a 8 box case break jumbo edition, picker team number one, and again guys all card shipped, 8 boxes per case, 12 cards per pack, and then sorry 12 packs per box, and then 13 cards per pack. Of course 3 chrome autographs, so they kind of changed the configuration a little bit, so hobby now believe has one auto, jumbo has 3, but they do have a lot of very nice inserts and parallels in this set, and some really cool refractors including taco refractor we're hearing. So let's take a look and see if we can find some of those. And again, they are going to bring back the MVP buyback, so obviously we don't technically know who the MVPs are just yet, but you can kind of get a good sense of who it might be. Obviously if you buy personals, you buy into group break, definitely keep those cards until they announce the MVP so that way you can get some money back for those base cards, colored cards, etc. So it should be pretty fun guys. So here we go. So here is the sheet here for you guys, so again that's everybody that bought in here for picker team number one guys, I appreciate it. Thank you guys so much. There it is. I don't know how that appeared, but I'm going to open up the case now guys. Like I said, we'll get a little haul from Michael right here soon on the box. It looks so handsome on the cover. Alright, let's add me in one. Both of those right now. So you guys can see the box this year. I'll reply too. The packs are finally easier to rip than last year. Last year's were really stuck. We're just tuning in. It's this picker team number one, Jumbo. Number two Jumbo I believe is down to just like one left. He's the one team that was still at that level. Is it Dodgers? Man, I don't know if it's Dodgers. She's on me at a pretty good game yesterday. I thought it was actually a home run, but I guess they called it a bubble. So there's one box right here. All part ship in this. This is the Jumbo edition. So again, new configuration. You got three autos in this box now. Home runs is here. I'll start with these two and then Michael's ripping the rest of the boxes for now. Let's take it slow for the first one. So Leia. Can we get sent a sleeve top of this or not? I don't think we do, do we? Stage with top of this?  Oh god. I don't think so, right? So probably just the big names. Drew Waters. Cars don't feel stuck this year, so they look much better this way. There's our first color car. Ryan Malcastle. And actually number right in the front now looks like it's the 189. Right in the middle too. So they go with Baltimore Orioles with that one. Carlos Perez. And there's our first auto. It is a 150 blue. Ryan Kryden. For Detroit. Detroit Tigers, that is EA. Let me stack right here. Future Stars, Hunter Green. Got Titans in here, which looks pretty cool. Got a Wonder Frank over a Fracker. Josh Jung. Francisco Alvarez. Jared Walsh. Denver Bogarts. And Technicolor Auto. That is Shane Bieber. To 99 for the Guardians. The Bebes. Van Grissom. Tony. And we got Charlie Blackman. To 150. For the Rockies. Yeah, the blue actually is really good. It would look good with a dog's color. Dodger Royce. Austin Reiling. Corbin Burns. Jeremy Begna. Josh Jung Refractor. Tristan Casas. So this is like base this year, right? Yeah, it looks nice. That's a base right there of Nick Croco. The oils. There's an old Tony Refractor, so if he ends up being MVP, definitely hold on to those for the Angels. Fientos for the Mets. Go to John Gaddy. We're digging into box two now. Jeremy Pena, that's a nice little, 99 pink for the Astros. Jared with that one. Robbie Ray. What you found it? What's that? It just appeared. Did you put it there? I swear, I was like, oh man, I don't know how to stand. And then all of a sudden it was there. I don't know, magic or something. I swear to God it wasn't there yesterday. It was not there yesterday. MJ Melendez. Oliver Perez. Caleb Hamilton for 150. That's for the Red Sox. Kaishan for the Junior. You know the Silver's actually popped too. The Refractor. Gunner Henderson Technic Seller. Mike Trout Titans. Cody Clemens. Luzon and Walker. Barraza, Tork, Yachty. Oh, a negative. Austin Hayes. Incarnacion. Anthony Rizzo. Benjamin and A. At a 299 Mako Siani. That is a little mini diamond thing. That's not many. At a 299. Yeah man, if it's like a dropper right now. Actually usually Nightbot usually drops it, but I think it's not until some people start chatting. Then you'll start seeing Nightbot say, link to the break schedule. But, I can do it for you buddy. It's just this one so far. Unless number two sold out, then we'll be doing number two right after. But I think, yeah, I think we're still at one left. So, right now it's just that so far. I didn't. That's awesome though. Kolas. Lullaby. Juan. So there it is, the first two. Let's see if some of these were okay. I put gas at the Argor and I threw the steves on. The one I go to one night, one night he put her. And, they have this sign all over the, the pumps. So it says if you pump gas, I'm going to show you the receipt and you get any large free drinks. Yeah, I thought I was like, look at house. I went in, I was like, so do I get a free drink? He's like, yeah, you just got to give me receipt. I was like, cool. So I was like, I went last night because I was running out of gas. That's funny. Alright, thank you. Alright, so you got four boxes here that might go ripped and two we're going through the next six. Alright, let's continue on guys. So again, this is top scroll and pick your team number one, Jumbo. We got Joey Wiremire. I feel like I should just lower it just a tad bit. One second guys. I mean, open up this really quick. I feel like it just needs to be lowered just a little bit. Like that. I think that might be good. It should be a little bit better. Just that now that I lowered it, I got to make sure that it looks like straight. Does that look good guys? I feel like it does now. I hope I lifted too high. Volvy. You know, cruise, Titans. Alright, let's continue on guys. Riley Greene. Riley Greene. Hyper. Corbin Carroll. Refractor. Ooh, is that number? Looks really nice though. E-Guy. CJ Abrams. Josh Strum. Alard. Springer. Alire Hernandez. For the Rangers. I'll set you guys one second. Of course, JJ. That is the plan, man. I do have a little bit of help with Michael, so we should be able to kill off these, these Jumbo's in like less than 40, 45 minutes. So I should be able to easily do five, six cases of this and then probably another picker team of 24 box break and maybe the second one. So yeah, sell it out guys. I mean, I'm here until 11 o'clock. I'm going to do like a 12 hour day today. Or a 10 hour day I should say at least. So, you know, don't worry man. If something sells, we'll definitely be breaking it. So just definitely try to sell it out as soon as possible so we can add it to the schedule. Nice, look at that. Anthony Volvy. Very, very nice. Yeah man, there's no notifications right now at least.  Just to kind of see how close we are. I would just frequently check the schedule though. Nightbot just dropped that link and then I just dropped that link earlier. That's our break schedule. So if something does sell out and you're wondering why it hasn't broke yet, you can click that schedule link and it should kind of tell you an estimate of time where we're at in the day of the breaks. But there is no little break notifications. You kind of just have to stock the website or just pop into the stream every so often. All right, very nice. Anthony Volvy. That is a 192 out of 199. Yes, no problem, yeah, yeah. So obviously if you're looking forward to that break, it probably, like I said, probably won't happen until later tonight at some point. Hold on one second guys, let me try to Alright, that's the best I can do. I can't let it bother me no more. Alright, so there you go, Volvy. That's a nice one there for the Yankees and Matt Smith. That's a Volvy refractor as well. You got one through the stack right here, right? Yeah, that's where I got the Volvy I think. Alright, let's keep it going guys. And we got an even small number to 125. I hit a nice Volvy right now. Is it like Aqua? I don't know. Sure. Jumbo? How much are the Jumbo packs? About 50 packs. Oh, you did? I got, I think there's two packs. Acunia, MVP. I mean, is it really going to be him though? I mean, I don't know. His Friday Firm and stats look really good. Have you seen how close they are in comparison minus like the stale and stale basis? Yeah. It's pretty close. I already seen Otani like three times though. Out of 350. I got Brian Bello. Oh Bello, you have a picture from Buster? He sells for a lot. Really? Yeah, it's Tribute Auto out of 199. It goes for like over 100 bucks. Damn. Michael Bush for the Dodgers. The Dodgers actually had a lot of guys this year. I don't know why it's not selling. There's Otani. I might actually just buy, I'll buy a box today. I'm just, just to collect these base cards for the packs. MVP buyback. I'll follow Paraza. There's a Corbin Carver Fractor. Let's go into the next box here. Technique color. Nicoladolo. Castile. Downsby Swanson. Jordan Groeschens. Ian Hap. Ethan Small. And there we got a Louis Varlin. That is for the Minnesota Twins at 2.99. A little purple speckle. Adley Ruchman. That is a horribly top to bottom cut of Adley right there. Very off centered. Off from top to bottom I should say. This whole pack right here, look at this. Very, very thick. Ooh, got an orange coming up. Jordan Groeschens to 25 orange for Miami. Coloss. Carlos Correa, little negative. Justin Steele. For the Cubbies. With a Volpe Refractor. That has been a lot. Alright, let's continue on. Goldy. We got Michael Harris there at 3.99 for the Braves. Little Adley Ruchman Titans. And then we got a Caleb Killing. For the Cubs. And guys, these cards look very sharp this year guys. Very, very sharp. Cards really, really pop. Bobby Whitt. Adley there. Show me El Tani. Pickens. For Kansas City. Stacking this box here guys. And we got an orange Nicoladolo. For the Aids. Spend the Torquils in the 1.99. Got our Henderson. Next box, we got three left guys. One here, then two to my right. Adley Ruchman. And Buddy Kennedy, a little bit of a teaser there for the Diamondbacks. But that still hit there for Peoples to 150. For a Baddie Refractor. What is this? Is this a Taco Refractor? No way. It is a Jose Seria, which was a better player though. One out of five, I don't know. Jose Seria doing good there. There's a Taco Refractor. Nonetheless, still a Taco Refractor for Frank in the Tampa Bay Race. Purple, speckle. Photograph here is Logan. We'll hop. Titan, Juan Soto. And David Vellard, a 4.99 Refractor auto. Alright, two more boxes left guys. So again guys, like I said, got a little help today with Michael. Helping me pack stack here today. Get through a lot of these cases. I'm at the 27-minute mark, so about 30 to 35 minutes per case on the jumbles. A very, very quick break guys. So again, if you guys sell out the next one, I can run it back with Michael. And like I said, he's here till six. So we can get some help for at least another three, four hours. Now the one I really want to kind of get going with you guys would be like the double header. So we can get that one going. Miguel Cabrera. Top's Chrome Authentics Relic. The Relic Chrome Car. So again, like I said, if you guys want to get that double header going, do it. Like I said, I'll still do it tonight, but would be at a quicker pace if we can do it a little earlier today. Either way, it's going to happen all tonight. To 250 Lubov. Zika Tavaar. And Will Benson. It's a 1.99 for the Guardians. Guardians, that is Victor. We go Victor. Add the Russian Titans. Director, we got the Stewie Ruiz for Oakland. We got a Tyler O'Neill 150 Blue and a Peyton Burdick to 250. Purple there for the Miami Marlins. Leonard Henderson. Alright guys, last box. We got Cal Stevenson to 350. And we got Brewer Hicklin to 150 Blue for the Kansas City Royals. We got a little Titan's Wong Soto. Volpe and Corbyn Carroll base are always right next to each other too, guys. Seems like there's a pattern. We got a Linion Sosa for the Chicago White Sox by the map. Josh Smith, a little negative there. Alright, last little stacker should have at least one more auto here, I believe. Once we already pulled all three, but we might have one. And Caleb Killian to 2.99. Purple speckles. So, that was the break. So I'll do a quick little recap. So again, obviously a lot of color cards and pulling aside some of the top rookies. Alright, but obviously a lot of this stuff here. Beautiful colors this year, guys. It looks really sharp. Definitely much better than last year. The blacks feel better. The cards are not stuck, so definitely improved from last year. And then, of course, a quick little recap there. So we got Cubbies, White Sox, Royals, Marlins, A's, Guardians, Little Relic Dicker, Brewer for Detroit, Giants, Angels, D-Backs, A's, Royals, Cubs, Cubs, Twins, Rangers, Brewers. We got Siany there. That was a nice one there. Or the Reds, Hamilton, Vientos for the Mets, Shane Beeps, Technicolor for the Guardians, Prato for the Royals, Pradler for Detroit, Michael Bush for the Dodgers. I think that's one of the biggest autos we got is Volpe. That went right in there.  It holds a series. So out of five. So I appreciate you guys again. I'm not sure if the next one is sold out, but a lot of our Picker teams are actually in single digits have not sold out. And yeah, we're still one left, two left, two left, five left. So it looks like we'll definitely be getting a lot of those done. And it looks like the double header is moving as well. Double header is down to five. So that's something we can be doing soon too as well, guys. So I appreciate it, folks. Jaspyscasebreaks.com.


All right separator is welcome on back feels good to be back myself this Friday March 4th Great to see Chuck Norman mark live inside our live trading room here So Michael Johanus from earlier. Yeah, hood. I saw as well Kathleen and all of our students and members alike rejoining us right now I see Ron Lori Leda loud and clear from all perfect and great to see all of us once again on social media Facebook live or YouTube. I told you folks earlier in the week I had to take a few days off on a small business trip I don't like even using the phrase business trip because it makes me sound way more important than I really am But I had to do a bunch of things for c2 down there. I'd mentioned some crypto related content So I look forward to that once it comes out. Hopefully in the next couple of weeks But Kathleen says we missed you rich did a great job. Well, I appreciate that. I know he did a great job You know, I talked to him over the last couple of days I heard a bunch of us did really well on the iindio over the last couple of days, right? And of course today, right like, you know, right now the mxc stocks on the screen But iindio top percent gainer of 112 percent and perhaps counting still at this point So, you know, let's start the stock on the screen to begin But then as usual just go right from top to bottom otherwise. I mean, hey, I don't even know where to start otherwise That's why I always say let's just start from the top because on days like today where the market had dropped off At first it led to some really good short opportunities I know the eb stocks the the car manufacturers eb manufacturers getting hit hard So gm down big today.  You have the mxc's out there So norman call out b cl a moment ago And they're all over all these like low float runners now Again, though, you got to be careful of these trades for as pretty of a chart as as mxc is making for us here You know, this thing is going to come screaming back down at some point Whether it be later today, whether it be monday next week or you know, maybe monday afternoon Just look at the stock back from even the beginning of last year all these big volume days were spiked up It went gapping down the following days So it's not really a swing trade, right? The thing though that can make this, you know, such a great day trade for this afternoon That's already made it such a great day trade for this afternoon. Got a double check just to make sure But i'm pretty certain that mxc is at all-time highs, which the iindio I know is as well So whenever there's a stock that's at new, you know all-time highs, there's no Real historical resistance to work with right? So that's what i'm just checking here pretty quickly Just go to a monthly. I reckon but Ah, not even all-time high certainly multi-year highs almost like it's it's a decade high new decade high You could even go so far as to say uh technically not an all-time high I guess it's all-time high was over 55 bucks back sometime in like 2007. I'll shoot from the hip up from and say Uh, but yeah right now at the way mxc is trending We're going to just put this back on our watch list here for the close Uh again though gotta be really careful in terms of the order book the spread is enormous right now 25 set spread and that's pretty tight given what we've seen so far on this run up So let's be really mindful of you know, just how big the spread is you can't go and using a market order Uh in terms of where to find a potential pullback level to where you could find potential support I would say 20, you know decade number psychological number 20 you would go with But don't leave an order hanging out there on the bid, you know, just in case if you're wrong that that's The definition of catching the fall knife do not catch the fall knife You know for students like ron and alex and chuck and kathleen later Uh, you know the majority of us in this room that I especially do coaching with one on one You folks know in terms of just you know being selective out there The exact entry that I look for when it breaks through the level On the way up right just stay stay with that But yeah, mxt will definitely put back on our watch list for the close the indio Of course at the top here technically, you know, it break new all-time highs This one actually broke all-time highs from the end of last week when we were in class And then just really from the beginning of this week as well continued to push up Obviously back from wednesday heading into the afternoon it took off from like 13 50 all the way to 17 You know popped yesterday morning, but then it pulled back a little bit, but then obviously now it's here today I mean ended up topping off just a little bit underneath 50 it hit 49 to be exact Again, though just looking at the spread spreads huge for the stock much like the mxc So, you know, just be mindful of the potential lower high it's making right now with lower highs We typically anticipate a lower low. So again, that's something to be mindful of let's see what could happen And I would say let's see what could happen at 40 decade number, but that already held a couple of times here I wouldn't keep expecting the same price level to hold over and over and over So, you know, if this breaks below 40, then who knows where the next big support is maybe it's all the way down at 35 So, you know, hey, I'll put this on our list. We call it the ctu watch list Not the ctu you must trade the stock list, you know I say that because although most of us realize that you know We have a bunch of new students that joined ctu that you know might see a stock like this just on the watch list Oh, no problem.  You can't do that. That is straight up gambling and that's not what we do Going to atlantic city two weeks from today on friday the 18th, and I'll be gambling there I'm not here to gamble today. So for right now iindio will put on our watch list alongside the mxc trade Again in case if they make a clear, you know decisive move that we feel a lot better of that We could take advantage of then we'll do that. But if not, you know, we'll focus on some others So iindio mxc to start off with and then otherwise we'll just keep it going from the top These cel is a much cheaper one. So I know the spreads are going to be great on that trade at least Pushing back up, you know spiked up prior to 2 p.m. Eastern time a lot of buying came in seemingly from there Right now though make the lower highs So, you know, maybe at 3 o'clock 3 15 this can make a nice pop So i'll put this on our list doesn't hurt us to put this b-cell on our on our watch list Actually it only helps us because it's pretty close to the high still So maybe there is one last chance to where it could break higher and make a nice run I'm gonna try and avoid these cheapies here. You got a bunch of cheapies on the top of the gainers list I gotta be mindful of that myself. So Let's see what else we got here nine nine energy stock pretty cheap, but above a dollar So, you know, right now this thing has made a nice run from 150 up to 182 Hold back, but this could be the the point of support. So, you know alongside the b-cell trade no problem adding the nine trade to our watch list here No realize through order that I could see here in the meantime. I'm just trying to look for that too for you folks All right, I know oxy had a huge date today the warrants are up big Or it's a pretty expensive given where the stock is right now Stacks like $55 right now even an o x y oxy. So we'll take a look at that just a bit here too Oh, oh my god. All right, let me talk to you folks about IMPP really quick here because you know oftentimes when I do this meeting I'll tell you that I'm in a trade And I am in a trade right now. I'll show that in just a bit. I actually have my stop set So if it drops I'll get stopped out but a little egg in my face here folks And I say this actually more to our folks inside the live trading room that I saw my call out that you know We're watching the stock with us here live We had a 484,000 Share buy print and that got filled like at like 10 o'clock eastern time this morning It wasn't the opening bell print. It was a legitimate legitimate 484,000 share buy print The question that you have to ask is what happens if history could repeat itself what happens if history repeats itself What happens if this could break back above two dollars and forty cents at some point today? Whether it be right here where I tried to it eat up nicely, but You know, this wasn't really worth the move given how big of a print that we had filled there And it was possible for it to pull back down and completely crash and burn from that point So I really personally wasn't as followed or I personally wasn't following this stock as much throughout the morning My mind personally was more on the neo trade. It was more on amc So I did go on those facts missed out on the initial move Now I was in a coaching session with one of our students just a moment ago earlier And at the time we were following this impp and you know, we took the trade myself and skip and At first things were doing good. You know, it was up to one. It was up to two dollars and fifty cents We're up like nine cents on the trade But for such a big print, I was thinking we were gonna see more. I thought we would see a lot more than that Well, we sure got a lot more But unfortunately I ended up setting my stop on this trade right under 240 because I was afraid of a headache I was afraid of this making an under welding move, which it did at first And then for it to tank Well, where I went wrong was the fact that I made my stop really tight Uh, it took me outbreak even for a minus one corporate minus one And then instantly later it snapped back up and actually made the move that we were hoping for it to make at first and You know, it's tough to be perfect on trades folks because if you're expecting this move to happen here Or here or here you're weighing a damn long time. That's not what we do here at c2 We're not trying to buy and hold we're trying to at least buy and you know Follow the stock shortly after getting in, you know upon a stock breaking such a big level You're expecting a pretty big move, right? Let's put it that way So I thought I was on the right track, but when it shook me out here, I didn't want to impulsively jump back in We're very shoulda coulda woulda right Once it broke over 250. I was finishing up the call with my students skip at the time We were just you know going over a couple of things with c2 and you know, I wanted to jump in but again I didn't want to feel like I was chasing it. So very shoulda coulda woulda But this thing ended up make the exact run that I was hoping for from earlier So a little egg in my face there folks not always perfect. We're all human here But nonetheless this ended up making a nice run. Can it make a higher high? Can the stock keep going? well it's not wrong to think that it can't but uh You know otherwise or it's not wrong to think that it that it can I should say But it's to say, you know, don't hold your breath waiting for it We've seen a couple of nasty drops on this stock after the initial breakout So no, let's just see what happens here coming up roughly off of 265 Perhaps if we can snap back above 270 and see where it goes from there All right, we keep it going a little egg in my face there, but we keep going Gbr nice pop just a moment ago shortly prior to 2 p.m It's making a lower high and consolidating here So if there is a lot of other stocks that are kind of popping like this I'd rather kind of just skim through those first and then kind of round up the best after B o r r is a drilling stock oil drilling stock Let's just check out a couple of other symbols while we're at it like oas Damn this got really expensive over the last year had to have been a Split reverse split There's oas. There's bore. There's a couple of other oil drilling stocks I know, you know, we have ung which is natural natural gas fund that had a nice move up earlier today Obviously, obviously, there's the oxy trade which we were going to get to Uh, you know petroleum stock here I don't know if this is all-time highs This thing has made a hell of a move though over the last like Month right last couple of months really yeah, not all-time highs and in fact go so far as to say This is at a critical level right now right around like this former support here that we had roughly off of like 57 ish 56 ish High the day today is 56 29 So if you just take a look on the monthly chart oxy is like right there It is right there at a major charting level So, you know, just be careful with that But yeah, I mean a little expensive But how can we not put oxy on the main watch list for this afternoon, right just right at the highs? Oh, yeah, chuck. That's right apa is the other one that tails oxy OAS was one that we traded but that Reverse splits that's out of the range, but yeah apa it kind of goes in coordinates with the oxy stock A little less expensive, but I feel like oxy's trading way more value per minute. I'd be more interested the oxy Mark says us so pop nicely also. So that's the ETF. I believe we're just another fund if not mistaken otherwise You co us so all those are pushing up pretty nicely here So yeah, those are ETFs or even you can go so far as to say ETFs if I'm not mistaken to be exact But uh, nonetheless the oxy stock oxy in general is a stock and that one will follow in particular All right, uh, I got stopped out on the one trade I was in and that was on neo and io That's on the losers list So we'll jump to that just a bit Now, obviously market's taken a hit from this morning and made a lower high just before so I was thinking neo is going to find some support which it did and I took a minus three just now which But maybe that could be a nice short now at this point heading into the close So let's see what let's see what else is on the gainer side for from this point Obviously markets down so the only ETF would be more interested in following Would be uv x y because it trades not only a ton of volume, but it's triple leverage So you know very volatile and you know, hey if you're someone that does well on this normally or more days than not Then this would be a great day for you to follow uv x y, right? A couple of our students mark or johannes students. I know trade this from coaching sessions Johannes has pulled it today on uv x y from from what I hear Uh, yeah Oh, we got b to you also. Let me just check out b to you energy stock, of course And we've been following that uh for quite some time But then obviously as the markets have dropped off over the last few days last week or so B to use been on a huge tear right huge tear So this one kind of put in the same category as like an oxy type of trade in this case just an energy stock at the highs But a similar pattern. I should say to that to that ox All right, let's hop on over to the losers list should have some fun with some sideless stocks now that are shortable dropping off With the market right now spy just made the lower high and pulling back here Uh, let's see. It's at least shortable. We got a bunch of stuff hard to borrow to top off the losers list here Visio vz io and this meeting is currently being projected on visio tv Ended up making a nice drop off from earlier today lower high just now perhaps with the market At water book is not too filled in so don't have a great need to put this on our watch list right now I don't know what happened to cannon. I saw cannon on the top of the gainers list yesterday at some point You know throughout the morning. I think it was but man ended up having like a ugly close where it closed practically Where it had opened up essentially doji probably off by a couple pennies there But otherwise today got hammered with the market dropping back down to five I know cannon's a bitcoin mining affiliated company. I'll do a little bitcoin analysis heading into the weekend folks Really, it's just a matter of making sure the 40 000 roughly could hold the support But uh with that i'm sure like riots down big mares down big btbt down big But i'll do a separate individual, you know bitcoin charting technical analysis video Just probably by sunday. I'd say all right. There's definitely a lot that's down folks because as we near the bottom of the losers list There's still a ton that's down like 12 13 percent sw bi smith and weston i believe off of bad earnings from yesterday in the after hours Ended up making a nice recovery here today at least you know a little gradual but took its time and moved up pretty nicely I'm gonna train a lot of volume right right now though Uh, all right, let's hop over to the sideless stocks. We'll check out like the airlines like american airlines at first You know that was a nice short earlier this morning a al is at the lows as we speak Uh u al obviously too, so i'm just gonna lump up the airlines collectively I'll just say airlines and put them on our watch list Uh, you know on days like today, that's where we kind of just lump those up together I'm sure you could say the same with like the cruise line stocks, right? But for right now at least, you know, you see the jets symbol here. That's uh, the airlines etf So that's at the lows. So all the airlines are practically at the lows right now ccl Making a similar move It's not exactly at the low of the day just yet, but it's making a similar pattern I'll just kind of categorize the airlines collectively for right now Now in the meantime, we'll check out eo dropping off a little bit more from after I got out I was in from 1873. I was thinking that I could make a higher low and a bounce back up Uh, it doesn't seem like that's going to be the case right now or at least just not yet So we'll see where the spy takes us into the next 30 minutes. I'd say I was going to say 15 But really 30 minutes, you know, roughly around 3 15 eastern time That's when I'll begin to get a lot more serious about you know Trying to enter trades and follow some stocks into the close But uh, yeah neo could definitely be one of those stocks at least down 6% nearly right now You know at the lows or near the lows right now as well Uh, yeah, I could do that Now here's the thing though if I put neo on our watch list then do I have to put every other sideless stock on our watch list Hey, so if I is at the low of the day too, you know, you know, that's a really liquid stock though Like almost too liquid. I'm not going to follow so far. I don't think this is a good trade. Uh, AMC AMC is kind of at the lows, but AMC is just really choppy here So very indecisive. It seems like for right now Between neo and AMC those were personally my money makers across the morning You know, there was plenty to go around for everyone. I was more focused on AMC and neo myself AMC killed it on the short but right now I don't know if it's going to be as likely to see it continue to make as steady of a drop as we had from earlier, right? Right at the lows right now. I'd be more interested in following right I'm going to put right on our watch list actually with that in mind Um, let's see if there's any other stocks folks. If there's anything else up down left right for me to look at Let me know here in the chat boards whether it be live inside the trading room or on social media Have mitch rejoining us on youtube. I know that uh the stream I think was down for a couple days while I was gone So mitch, I'm sure you're happy to join us back, which says pedia cheap energy stock Yeah looks good at least across the afternoon pretty spotty earlier today, but You know definitely a lot more volume got pumped into this trade by two o'clock or shortly after That's an energy stock. He's saying as well Up, you know what? I'm reading the chat as we go. So I apologize mitch actually wrote I meant the stock bore borr as far as the energy stock Uh, well, yeah bore bore. We already looked at and as we're re-looking at this trade Yeah, we're gonna officially put this on our list Think I had this on the side for right now, right? So we'll put this back on the we'll put this on the main list You know just still kind of pushing up for right now looking strong All right, so folks I mean, hey, I'll tell you that I can call the meeting right now I feel like we have as good of a list as we could find I say that in terms of the uh Variety of stocks and the number of stocks. I don't want to make too big of a list anyway So in total we have three six nine 10 10 different stocks that will be listed on this list here You have the airlines all together. So that's an extra four at least And then you have uvxy which is an etf. So folks, I'll tell you what I think we're gonna call it We have too much on this watch list already. So for all this live inside the trading room You folks know at this point just try and pick a couple to start You don't necessarily need to start with the very top three or four that's going to be on the watch list You know just trade those that are within your skill level, right? Like if you're more of a level one trader and I put in do is the first stack on the watch list You know don't automatically trade iindio. It's level five, right? So, you know start with the ones that you personally feel most comfortable trading and go from there That's how we work together as a team inside our live trading room You know, I might be watching the do trade and bore and later might be watching iMPP at nine And then chuck might be watching b-cell and btu Yeah, chuck will probably watch oxy. No him but otherwise though, you know, that's how we work together as a team Right and we try and follow a lot of these trades collectively going into the final hour hour and 10 minutes from here folks All right, so for all of us on facebook live youtube great to be back I appreciate you sticking with me at least across the first part of this week I appreciate your patience as the stream was down across the last couple of days You have any questions feel more than free to send on a quick email right on over to josh at ctu trading.com I always like to post my email here across the youtube and facebook streams to close things out Otherwise, if you wanted to join us inside the cyber group room Just join us by going right down to the link on the banner below the blue banner right there on the bottom of the screen there To get yourself started But for chuck later cap lean mark yohuda alex All this live otherwise norman michael I look forward to talk to you folks coming up pretty shortly right at 330. 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