2026-10-13 - Board of Finance

00:00We will call the meeting to order.

00:03And I will ask Michelle to do the roll

00:05call, please.

00:06>> Michael Doherty.

00:07>> Present.

00:08>> Brenda

00:08excused.

00:10Bill Cardoza.

00:11>> Here.

00:11>> Jeff Kelleher.

00:12>> Here.

00:13>> Ivar McDonald.

00:14>> Here.

00:14>> Margo Horian.

00:15>> Here.

00:16>> Wendy Costa.

00:17>> Here.

00:17>> Margo Horian.

00:18>> Yes.

00:21>> Jeff.

00:22>> Yeah.

00:22>> Item number three is see an alternative

00:25necessary and Margaret has already been

00:27designated by

00:29Brenda to

00:31take his place this evening.

00:33So, we're all set there.

00:35So, the next item of business would be

00:37to approve the September 8th regular

00:40meeting minutes.

00:43Can I have a motion?

00:45>> So moved.

00:45>> Oh, second.

00:47>> Oh, so moved.

00:48>> So, we have a motion. Do we have a

00:49second?

00:50>> I will second it.

00:51>> Okay. Any discussion on that?

00:57>> No.

00:58>> None here.

00:59>> No.

01:01>> All right.

01:03Hearing none, we will move on to a vote.

01:06Jeff.

01:07>> I.

01:08>> Ivar.

01:09>> I.

01:10>> Myself, I.

01:12Michelle.

01:12>> I.

01:13>> Bill.

01:14>> I.

01:14>> And Margaret.

01:15>> I.

01:17>> Okay. Takes care of that.

01:21Next item.

01:22Public comment. Anyone want to jump up

01:24at once?

01:26Anyone have any public comment at this

01:28time?

01:30You can save it cuz you said you're

01:32saving

01:32>> They're saving for number eight, yeah.

01:34>> [laughter]

01:36>> All right. We'll move on to item six.

01:39Old business. Any updates from the

01:41state, Karen?

01:42>> Um we did receive the supplemental

01:45munia, which was 32,530.

01:49Um last month I we only received half of

01:53the education supplement. Not sure when

01:56we're supposed to get the other half

01:57because

01:59I thought we were getting 199,000.

02:02So I'm keeping an eye on that. I I do

02:04know that January we have to do a

02:06report. I did double-check. I went into

02:10the state and it did say that um

02:14any municipality that passed their

02:17budget prior

02:19to those funds could use them cuz I was

02:21a little bit nervous. We never really

02:23finalize that.

02:25>> Yeah.

02:25>> Um supplemental education funds.

02:28Um so it seems like it's fine the way

02:31that we did it. If something changes,

02:32I'll let you know because

02:34they they kind of like to change things

02:36on us, the state.

02:37>> And what was the amount we got so far?

02:40>> So it was like 90 a little over 99,000

02:43from the education. I don't I'm trying

02:45to see if I have it with me.

02:47I know I said it last month and it was

02:50like 90 a little over 99,000. It's

02:52exactly that. Yes.

02:54>> Yeah.

02:55>> And then

02:56this week we got 32,000

03:00530

03:03uh for the supplemental municipal aid.

03:08Or it might have been 532. It It was

03:10right around there.

03:13>> Good.

03:16Any questions or comments on that?

03:18>> Other than that, I haven't heard really

03:22anything else on the state yet as far as

03:25you know, that the budget stuff doesn't

03:27come out till February.

03:30>> All right. Is there uh any update on the

03:33local bridge project at this time?

03:35>> Um Shawn was going to give me he

03:37couldn't be here this evening. Um but he

03:40was going to give me something and he

03:41didn't.

03:43But I do know that over the past couple

03:45of weeks we received an invoice from uh

03:48CHA for

03:50dr- um I'm the drawings on Hopkins

03:54and they're still working on

03:56Butts because that's supposed to go out

03:58to bid in the spring.

03:59>> Right.

04:00>> I know Jason was going to do some

04:02preliminary engineering on Pulpit Rock.

04:06I don't think he's has any results from

04:09that yet.

04:11We did get a

04:14I'm trying to understand it. So

04:17the federal bridge program, the first

04:19one is Kanyonville.

04:21And they gave us like a cost breakdown,

04:23but I really don't understand it, but it

04:24looks like it's going to be like maybe

04:271.5 million. And then they were breaking

04:30it down, so but it said like for

04:31instance, I'll just send it to you. It

04:33said month one, just hypothetically,

04:35200,000, month two, 400 and something

04:38thousand, month three

04:40I'm like, where are we going to get all

04:41this money from? So I have to

04:44sit down and I have a minute to really

04:46look it over because what I'm hoping is

04:49if we do

04:51Butts Road

04:53and we get the 48% back, I'm hoping that

04:58will be enough

05:00>> To do the other project.

05:00>> the Kanyonville because they have a

05:0230-day turnaround in reimbursement with

05:06maybe some little town aid road funding,

05:08so we don't have to go out and then

05:10hopefully by the time that's done, the

05:12money will all be reimbursed to do

05:14Hopkins. That's

05:16best case scenario.

05:18>> Mhm.

05:18>> Worst case is we may have to go out to

05:20bond again. And I'm really hoping we

05:22don't because we have other projects

05:24coming down the road that are going to

05:27>> Yeah.

05:27>> And it seemed like all the other three

05:29other bridges in the federal bridge

05:31program, everything is pay up front.

05:34>> You can get reimbursed.

05:36>> And then get reimbursed. So at some

05:38point, I think we're going in order to

05:40have some liquidity, we're going to have

05:41to

05:42>> bond

05:44>> Yeah.

05:46But that

05:47Kanyonville's not until 2028.

05:49>> Right.

05:50>> I would say the other three federal

05:52bridges, we've probably got a good four

05:55or five years before those

05:58That's what I'm hoping.

06:00>> Good.

06:01>> That That's about all. I mean, Chan

06:02probably has more of the technical

06:04stuff.

06:05>> Yeah.

06:05Well, we can get caught up on that next

06:08one.

06:08>> Yeah.

06:09>> Yeah.

06:09Big deal.

06:11All right. The next item was Board of Ed

06:14quarterly reports, which we have. Dina,

06:17unfortunately, is out of town at this

06:19time. She will be here next month to

06:22answer any questions you might have. I

06:24don't know if

06:26you would like to

06:27>> do what I know.

06:29Do you want I mean, you have the

06:31reports. Did she send you the summary?

06:33>> Yes, it was great.

06:34>> this This is like I don't know.

06:36>> Yeah.

06:36>> I really recommend this.

06:40I mean, and I'll I'll just say that it

06:42was

06:44Last year was an an exceptional year

06:47with

06:48>> [clears throat]

06:48>> leaves, unanticipated leaves, and

06:51changes in health

06:53care. Uh,

06:54so

06:56we had this excess that we don't expect

06:58to have in the future.

07:00So, the once-in-a-

07:02blue moon sort of year.

07:04>> Well, I know you put a good chunk into

07:07the non-lapping account and

07:09>> our 2% in and we

07:12did a number of capital

07:14>> projects. Yes.

07:16>> That's for many, many years. So, it was

07:17exciting to get some of those projects

07:19taken.

07:21>> Very good. Thank you.

07:24>> I have a question.

07:27On the

07:28non-lapping account

07:30Actually, it's more than that.

07:31>> Yeah.

07:31>> Does it get or well

07:33>> Is it Board of Ed or Board of

07:34>> No, I know it's Board of Ed, but that

07:35money the Board of Ed gets invested.

07:38The money

07:38>> that on their own.

07:40>> And okay, so you do get the interest

07:42income as well and no problems with

07:45that. Like they say, okay, 2% that we

07:47can

07:48>> But then I mean it starts as a 2% chunk

07:51but then each month

07:54>> Yeah, there's no limit to that.

07:56>> I'm in my seventh year on the board and

07:59not this past year but the year before

08:01that was the first time we've ever put

08:03in money.

08:05So yeah, we It's not like we have a

08:07large fund.

08:09>> Okay.

08:09>> And originally when that was originally

08:12started by the state, it was only 1% of

08:15their budget that they could set aside.

08:18Now it's been raised to 2%.

08:20>> And it needed Board of Finance

08:22>> approval.

08:23>> And now it doesn't. And then a statute

08:25changed so that's something we do on our

08:27own.

08:27>> Okay, but even when you do it on your

08:29own fund, can you use the um

08:33you know, pulling it all together so

08:35it's more money invested by mixing it in

08:37with

08:38>> It's better to keep it separate because

08:40technically the town has no oversight on

08:43>> Their budget, yeah.

08:45>> No, I get but might not have oversight

08:47but just for investment purposes, the

08:49more money you can put together

08:51>> would have to keep it in the general

08:53fund and then a lot of times if you

08:55invest it, there's penalties.

08:57So the only type of investment that I

08:59can do is like CDs and things like that.

09:04We can't under state statute

09:07we, myself or I'm not even sure with the

09:10school but we can invest in stock market

09:13>> No, they're not allowed to do that. We

09:14cannot do any of that.

09:16>> How about you you would be similarly

09:17limited

09:18>> I'm not. I'll defer to Dina about that.

09:20>> I would be shocked if you could.

09:22>> I would not be surprised.

09:23>> You cannot. No, they're they're not

09:26going to let you do anything like that.

09:27>> So basically

09:28yeah.

09:29>> But but I'll I'll Oh, my point is simply

09:31there's accounting, keeping everything

09:34separate

09:35and then there's money.

09:37Right?

09:37>> Right.

09:39But the thing is that the rules with

09:41that are basically they can only have it

09:44invested in an account that earns

09:46regular interest.

09:47>> Okay.

09:48>> And it's highly liquid.

09:49>> Yeah. So it doesn't

09:50>> to remain correct. It has to remain

09:53liquid also.

09:54>> in the town is our short-term investment

09:56with the state. So we get maybe I think

10:00right now it's like close to 4% interest

10:02that the state averages.

10:04>> So that's fine.

10:05>> And yes, and we're limited in what we

10:07can use that money for.

10:08>> Yeah, they have to

10:09>> But it's very limited and restrictive.

10:11>> The way it was set up when it was

10:13approved, the the state said we didn't

10:15even have to allow it.

10:18But when we approved it, the agreement

10:21was at the time that that would be used

10:24strictly for emergencies,

10:27unforeseen emergencies, and capital

10:30projects.

10:30>> So special capital

10:32>> So that's that's where it goes.

10:34>> I don't really think it's was intended

10:36for them to invest it, to leave it there

10:38to make money. It was so that way if

10:40there was a shortage, they could use

10:42that money for other projects.

10:44>> Without going to the town general fund.

10:46>> Right.

10:47>> Right.

10:47>> Yep.

10:49Well, thanks.

10:52>> Okay.

10:54So Dina, again as I say, we'll be here

10:56if you

10:58>> [clears throat]

10:58>> spend the next month reviewing this. If

11:00you have any questions,

11:01>> I just say something about Dina. She's

11:03not here because she's in Pittsburgh

11:05accepting a finance school finance

11:08officer national award.

11:09>> Congratulations.

11:12Yeah, that was brought up uh

11:14a couple of months back. It was Yes,

11:16yes. We know notified that. Yeah.

11:19Very good.

11:21All right, we'll go on to uh

11:25new business. Do you have any update on

11:27the board of it at this time? Or no?

11:30>> I we just had a meeting last Thursday

11:32and so

11:34as we all are concerned about the

11:36unpredictability of the economy, we were

11:39very fortunate last year. We are already

11:41anticipating having

11:45unforeseen additional expenses this

11:47year.

11:50Fuel costs and such.

11:52>> Speaking of the fuel,

11:54I literally received a check for last

11:57month from the school

11:59almost $19,000.

12:01That is more than half of an increase

12:05from last year.

12:07>> For fuel for the workers?

12:08>> Cost of reimbursement?

12:09>> Yes.

12:09>> Paying for fuel, yeah.

12:10>> I couldn't believe it. I was like

12:13>> What month did they get your oil bill?

12:15>> One month.

12:17>> Is that's for diesel?

12:20>> A little bit of gas, but mainly diesel.

12:23>> Yeah, but fuel fuel costs for for for

12:27diesel and gasoline

12:29for vehicles is only up a little over

12:3250% since the beginning of the year.

12:36Heating oil on the other hand is up 100

12:39plus percent.

12:40>> haven't been there.

12:42Yeah.

12:44>> Yeah, that's

12:45>> Yeah, it's

12:46>> Who can resell it?

12:48>> [laughter]

12:49>> It's terrible.

12:50>> I'm just I don't know what to do this

12:52year for next year.

12:53>> Yeah.

12:53>> So as far as investments for the Board

12:55of Ed, if you want to invest in

12:56something, buy oil now, yeah.

13:01>> We just

13:03>> All right, general

13:05General government update.

13:08>> Um other than just you know,

13:12um getting through the audit, things

13:13seem to be looking good on both ends.

13:15I'm just waiting for them to send us

13:17some drafts. Uh I hopefully they'll be

13:20having that wrapped up within the next

13:21week or two.

13:23Um

13:24no major influxes or anything yet in our

13:27budget. Keep again just keeping an eye

13:30on things like we always do.

13:31>> Yeah.

13:32>> So, I don't at this point anticipate I

13:35mean of course we will have to wait and

13:37see but we don't have as much oil usage

13:40as the school

13:42luckily.

13:43But um

13:45I think we'll be okay and like we always

13:47do if something goes over we shut

13:49everybody else off. So,

13:51we have to do that sometimes. You have

13:54to balance out what's the most important

13:56part and

13:58so everything seems okay right at the

14:00moment.

14:02>> All right.

14:06Item D is uh

14:10uh C rather is preliminary budget

14:13discussion.

14:15So, just

14:16>> I brought that up to you just because

14:20it's getting close to that time and I I

14:22I know what I wanted to say about our

14:23budget. Can we

14:25Can we step back for a second? I forgot

14:27to mention.

14:29Uh so, I have been working with banks

14:31for better interest rates and I just

14:33want to say that

14:35I am moving most of our money out of

14:38Webster Bank and opening newer accounts

14:40in Bank Hometown which will be changing

14:42over to True North because they

14:46doubled what we were getting

14:48and we're over 3% interest on all of our

14:50money markets right now.

14:52So, that's a big help with

14:55because last year I mean we're you

14:56bringing in about good two to 300,000 a

14:59year in interest. So, working with banks

15:02to do that moving money around

15:04um open space I just did another CD for

15:07them at over 4% so they'll in the next 7

15:11months they'll be getting another 16,000

15:14so they're running like 32,000 a year

15:17or with you know so I mean I'm on it.

15:19Honestly is whatever we can do

15:21um

15:22and right now our last September

15:25interest on our short-term investment

15:28funds was 25,000 for that month.

15:31So,

15:33unfortunately, you know, I mean, we do

15:34have to spend down, but until we do, I

15:37keep it in the highest interest and

15:39seriously try to work the banks all the

15:41time cuz that's the only way we really

15:42can make any extra money, yeah, but it

15:44has to be secure.

15:46>> Yeah.

15:46>> You know, which is just thought I would

15:48share that. I am diligently constantly

15:51working with banks to make sure we're

15:52getting the best interest rates.

15:55So.

15:57As far as the budget, I just wanted to

16:00have some guidance, you know, it's that

16:02time of year and

16:04everything's pushed up again, so it will

16:05be we will be sending out letters the

16:08end of the month.

16:09Um asking people to start preparing for

16:12their budget and I just wanted to know

16:14if there was any input from the board on

16:17where do you

16:19You know, we don't want to come in at 5%

16:21knowing

16:22>> Not going to happen.

16:23>> No, exactly. So, last year we tried to

16:26keep our budget under 3%.

16:29Um and we still managed to give pretty

16:32much everybody

16:34close to what they asked for.

16:37So, just looking for any input at this

16:40point.

16:41>> [clears throat]

16:41>> Well, from my point of view,

16:43we ended up with a total last year it

16:45was

16:464.

16:48494%

16:50was what it was, so 4 and 1/2%

16:53Uh

16:54I certainly wouldn't go any higher than

16:56that, but I wouldn't set that as a

16:58benchmark either. I would try to keep it

17:01as low as possible.

17:02Uh

17:04you know, I

17:05I kind of believe in zero budgeting.

17:08>> Me too. That's what I usually say zero

17:10based.

17:12Um you know, just start with nothing and

17:14give us what you really need.

17:16>> What you

17:16>> Yep, there it is.

17:18>> Everything is so

17:20ridiculously

17:22so expensive. We can't even keep up with

17:25what's going on with the highway with

17:27the trucks and replacing and the parts.

17:29It's You saw what happened and we don't

17:31know what kind of winter we're going to

17:32have and that worries me, too.

17:36So,

17:37just wanted to

17:40get it out there. It could be another

17:41struggling year.

17:43>> Could be.

17:45>> I

17:46>> Go ahead.

17:47>> Um I think my opinion on this is we've

17:50had 3 years now of, you know, increases

17:54and growth and we've been able to take

17:56care of some stuff and there's still

17:58plenty more to take care of and for me

18:01personally, I would like this year to

18:03just kind of be in maintenance mode. Um

18:05and not meaning to come in at level

18:07level funding, obviously, cuz things are

18:09more expensive and it's impossible, but

18:12I don't think this is the year to

18:14like we need to take a pause on growth

18:16because people really are struggling and

18:18to pay for their groceries and put gas

18:20in their car.

18:21>> And now to heat their

18:22>> and heat their homes. It's really tough.

18:24It really is. So, personally, I wouldn't

18:27want to see new

18:29endeavors undertaken this year unless

18:31they are absolutely critical.

18:34And that's just been my point of view on

18:36that right now.

18:38>> It's really valid.

18:40Anyone else?

18:44>> Okay.

18:45Just wanted to put it out there now and

18:47start

18:48>> Start thinking about

18:48>> Start thinking about it.

18:50>> to think about

18:51>> I I would just add that I'm glad we're

18:54talking about 28 now. Thompson is still

18:56voting that referendum.

19:01>> Tomorrow night, vote number four.

19:05>> What are they doing for revenue?

19:07Canterbury, did they set up a mill rate?

19:09>> It's frozen mill rate.

19:10>> Okay.

19:11>> Yeah, but right now the budget is frozen

19:14at last year's

19:15and they're collecting on last year's

19:17mill rate.

19:18>> Gotcha.

19:21>> We were lucky last year. I feel that we

19:24were

19:25I think we were very fortunate last year

19:28and I'm not sure

19:30if we push it.

19:32>> It's going to happen.

19:33>> I don't think that's the right thing to

19:34do this year.

19:35>> No.

19:36>> I agree. I agree. Try to keep things

19:38>> Yeah, be as conservative as possible.

19:43>> Okay.

19:44Thank you.

19:47>> All ready.

19:50You also received tonight the draft of

19:53the

19:54Board of Finance meetings for

19:57>> Yes.

19:58>> Next year?

20:00>> Well, if you can look at those

20:02and

20:03we'll vote on them

20:05>> Not on my birthday this year.

20:07>> [laughter]

20:08>> Hold on then.

20:10At next month's meeting to accept it or

20:13if you have any changes,

20:15please

20:17>> Yeah, let me know. Email me or whatever.

20:19>> Okay.

20:20Did I see one there?

20:22>> See one as an error or

20:24>> No, that's it.

20:26I know I won't be able to make it. It's

20:28the

20:29public hearing on March 23rd. Okay. I'd

20:32love to see it.

20:34>> Well, we Do we have to do it on a

20:36Tuesday? Is Are you gone that whole

20:38week?

20:38>> I am leaving

20:43>> [clears throat]

20:44>> like four or five days before and won't

20:47We'll be gone about eight days.

20:50So, it's not not going to really make a

20:52difference.

20:52>> No, no. I just think you're being a

20:54centrist.

20:55>> Yeah.

20:56>> Well, you could zoom in.

20:59Yeah.

21:04Watch on the flame right hole.

21:06>> It's my wife's birthday present.

21:08>> Greece is a very progressive country.

21:11They have indoor

21:13>> Hot running water?

21:15>> Luckily Phil there, at least there's no

21:16voting yet. You'll miss

21:18>> Right. Yeah, I I just hate to miss

21:20anything.

21:21But anyway.

21:21>> Well, I could go back in the

21:23>> no, no, no.

21:24>> The that that's because of the time

21:26frame

21:27>> Right, and everything has to be done by

21:29the

21:29>> Everything has to be done by the

21:31It's going to happen. It always does.

21:33>> Well, that's what we did last year and

21:34it worked better because

21:35>> Yeah.

21:36>> instead of delaying for another month

21:37and then people forget. It was like we

21:39just

21:40>> Get her done.

21:41>> Yep.

21:43So, yeah. Then anybody have any issues

21:45or want to change something, either

21:47email Mike and he can let me know or

21:50email me and I'll have to speak with

21:51Mike.

21:56>> All right.

21:58We'll move on to item eight. Public

21:59comment once again.

22:05>> I have nothing to say.

22:07>> Make sure you lock your cars if you live

22:08over in the bunker.

22:09>> Yeah, I know. Hidden.

22:11>> Really?

22:11>> Yes. That was the same morning my dog

22:15got sprayed by a skunk at 5:30.

22:18>> But I I missed what happened if you paid

22:20attention.

22:20>> A car got stolen.

22:22>> Oh my god.

22:22>> Car break-ins, but cars were stolen.

22:25>> We had a whole summer of that happening

22:26last year.

22:27>> a whole car.

22:28>> One of our coworkers, the car that you

22:29don't require a key to steal,

22:31apparently.

22:33Yep.

22:34Oh, yeah.

22:37>> All right. Joyriding or

22:40>> Serious.

22:40>> I heard they were

22:41>> They haven't found it yet, have they?

22:42>> I heard people had masks or one person

22:45had a mask and they were driving a car.

22:47I I've heard that they were driving a

22:49car around and were getting out and

22:51checking people's cars and stole one.

22:54This happened

22:55>> two cars.

22:56>> They did they did two cars.

22:56>> Our our coworker a couple years ago.

22:59They're all stolen. They just took stuff

23:01out of the car and left.

23:03>> Who's they?

23:03>> Then they were driving

23:04>> around robbing garages.

23:06>> Yes, I saw his license plate one day.

23:08It's obvious like it was him.

23:10>> What's

23:13>> All right, we will move on to uh

23:16item nine.

23:17Other from the board, anyone?

23:20>> I mean, I don't want to be disappointed.

23:23>> [laughter]

23:23>> No, cuz I would be like I would be

23:25worried about it.

23:26>> No, I just I just wanted I So, I have a

23:29comment.

23:30Um

23:31So, last year when we were going through

23:33the budget process, a big focus on the

23:35Board of Ed side was around test scores.

23:39And so, I don't know if everyone is

23:42aware, um but perhaps our Board of Ed

23:45chair could speak to sort of the latest

23:47test scores for Windham.

23:49>> So, we've had So, last year was a

23:52concerted focus on growth for every

23:55student at all levels.

23:57And we had significant growth. Um in

24:02both math and ELA.

24:04It The numbers from the state are still

24:07coming in, but I believe we are at

24:10number five in the state in math growth.

24:13>> Wow.

24:14>> And number 10, I believe, in ELA growth.

24:18So, really significant.

24:19>> That's awesome.

24:20>> That's That's what you need to sell a

24:22new budget, right?

24:23>> Exactly right. So, Chris came in with a

24:26plan. He tried to rally everyone around

24:30it. There's focus with our professional

24:33learning, tying budget asks directly to

24:37outcomes. So, we're really excited.

24:40Yeah, things are exciting.

24:41>> I have a good good point.

24:44As usual. Anyone else?

24:50That's it.

24:52I know you got You got something,

24:54though. I can tell. It's written on your

24:55head.

24:56>> No, you got something. Come on.

24:58>> I don't have That's perfect.

25:00>> All right, then item 10, correspondence

25:02and announcements. The only thing I have

25:04at this time, other than to remind you

25:06to

25:07review your

25:10uh school board

25:12and consider dates. Uh

25:15look at your calendar. If you have

25:16anything on that that you uh think needs

25:20changing for any particular reason, let

25:23either Karen or I know.

25:25They will work on that, and we will vote

25:27to approve

25:29the calendar at next month's meeting.

25:32And uh next month's meeting will be the

25:3510th.

25:37Be the week following the midterm

25:39elections.

25:41So.

25:42Got that, Jeff? The 10th.

25:44>> Just put it in my calendar.

25:46>> [laughter]

25:50>> All right. Uh

25:52next item is adjournment.

25:55>> I move to adjourn.

25:57>> I'll second. We have a motion and a

25:59second to adjourn.

26:01>> Who was the second?

26:02>> Phil. Phil.

26:03>> I heard Phil.

26:03>> I heard Phil. I heard Phil.

26:06>> Well.

26:08>> [laughter]

26:08>> All those in favor?

26:10>> I.

26:11>> Opposed?

26:12>> The other side did.

26:13>> Abstain?

26:14Motion carries.

26:16Thank you all.

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