Thank you, Mr. Chair. The total at the end of the fiscal year was $5,762,221 with the local housing organizations. I agree, it is not appropriate. We have asked all of the local housing organizations to provide us a game plan on what they are going to do with their surpluses because that money should be going into people's homes.

Also, in our budget, you will see there is a decrease of $212,000 that we have put into the local housing organizations. The reason we are doing that is, if they have over a $5 million surplus, we need to reuse that money for different areas, but it will be case-by-case because not all LHOs are equally at the same surplus. Ones with huge surpluses will be getting less funding until they can address their surpluses. Thank you, Mr. Chair.