[0:00] And for the invocation, the pledge of allegiance, led by councilwoman, Florida brook.

[0:05] On this day, on our beautiful sanctuary island, maybe reflect on the anniversary that this date represents.

[0:14] For years ago today, a storm unlike any other, tore apart our homes, rect our businesses, brought down our critical infrastructure.

[0:23] But maybe remember that day with gratitude for what we gained, instead of mourning what we lost.

[0:28] May we be grateful for the bravery of the police and firefighters, all the first responders,

[0:36] for the steady leadership demonstrated by our city manager, Dana Sousa and all his staff.

[0:42] For the impossibly optimistic determination of our mayor at that time, Holly Smith, who would

[0:49] not allow anything but looking forward, and my fellow council members, Mayor Miller, Vice

[0:55] handshot council member Johnson, who along with then council member Scott Crater worked tirelessly

[1:01] to bring our island back to life. Maybe be grateful for Maria Espinoza, the leadership at

[1:07] fish who provided meals and services to the whole community. Greatful for James Evans and

[1:13] SCCF who pivoted from taking care of the environment to taking care of residents across the island.

[1:19] grateful for the small businesses who opened their doors and provided

[1:23] respite and all the men and women and children who rolled up sleeves put on

[1:28] boots and did what they could to lend the hand to rebuild our community. One

[1:33] shop at a time, one home at a time. Our island may have been devastated that day

[1:39] but our community was not. Instead demonstrated the capacity of what we can do

[1:45] when we unite to achieve our common goal.

[1:49] And for that, may we always be truly grateful, amen.

[1:53] Amen.

[1:55] I pledge allegiance to the flag of the United States of America

[2:00] and to the Republic for which it stands.

[2:03] One nation under God, indivisible with liberty and justice for us.

[2:12] Thank you, Laura, and thanks for the recognition of the contributions of all those people.

[2:19] I'll roll call, City Clerk.

[2:22] Mayor Miller.

[2:24] Vice Mayor Hensha.

[2:24] Here.

[2:25] Councilmember DeBruce.

[2:26] Here, Councilmember Johnson.

[2:28] Here.

[2:28] Councilmember Smith.

[2:29] Here.

[2:29] Thank you.

[2:31] Item four is setting the agenda.

[2:33] I'll note that historically this final budget hearing is generally pretty brief.

[2:38] But that tends to mask the process, which has been very long and intense.

[2:44] Council has been working on the budget since June, and city staff has probably been working

[2:50] on it for most of the year.

[2:52] So I think staff for all of the contributions, we only have only one substantive agenda

[2:58] item that's afternoon, which is the budget, which includes three resolutions, and he changes

[3:03] to the agenda.

[3:06] Seeing none, recognize our Deputy City Manager Steve Trable.

[3:10] Thank you mayor mayor vice mayor city council. So tonight we're going to as the mayor mentioned the culmination of almost a year of working on the budget and we'll start probably again in a couple months working on it

[3:24] For the final budget adoption for fiscal year 27 in the agenda on the first agenda item my memo does summarize

[3:32] What the budget total is for the city. I have it up on the screen right now is not changed since the first budget hearing

[3:40] So we're looking at a budget, a proposed budget of 187,622,061 dollars across all funds.

[3:50] The breakdown on the screen shows on the left-hand side where the sources of those funds are and on the right-hand side the uses.

[4:01] So the budget doesn't include both beginning fund balance and ending fund balance and all funds.

[4:06] Also, on the agenda, I have linked to the presentation that we made and the council discussed

[4:14] at the September 14th hearing and then a link to the final proposed budget, which is online.

[4:20] So, while the numbers will be finalized, after tonight, we'll still be working through

[4:25] the budget process for the next two months to get it ready to publish out all the information

[4:32] that's required by accounting standards and the prior city budget. So we'll get an announcement

[4:37] out when that final information is all posted out there. So I just want to mention again

[4:42] that we're no changes to the budget. We did advertise the budget as required by statutes

[4:48] and then in the news press last Thursday. I haven't received any public comment regarding the

[4:54] it's in thin. So with that mayor, I'll be able to answer any questions or turn to

[5:00] Any questions or discussion for our CFO before we get to the three resolutions?

[5:07] I have just a couple of things. I appreciated the memorandum, which I know is attached to the agenda

[5:15] and for those in addition to us who may be looking at it. And as we've discussed over the past months,

[5:25] we have a budget of 187,000, but about over a hundred of, I'm sorry, a million, but over

[5:35] a hundred million of that is Hurricane E and designated in some way shape or formed.

[5:41] Yes, that is correct, and thank you, I should have mentioned that, keep mentioning, so, and

[5:45] most of those resources are in the Hurricane E fund, but yes, you will see the results of

[5:52] in the sewer fund as well, so there's about $85 million worth of active grants that are still

[6:00] working. So yeah, the vast majority of the budget still is working in the company.

[6:04] And I was wondering, I know that much of it is in that Hurricane Ian Fund and then in the

[6:09] Enterprise sewer fund. Looking at the total sources of funding though, it looks as if it is

[6:21] enterprise fund, and then parts in general fund, would you say it's sort of in different pockets

[6:27] in this first chart here? So there's probably there's a little bit of grant activity

[6:33] in, well, I shouldn't say a little bit. So in the general fund, there is the

[6:39] those significant grant activity that is related to hurricane DN is the past through CDBGDR grants.

[6:46] So, those are the grants that in the budget right now grants that have been approved for fish and for the fire districts, station 171.

[6:55] That's $6 million of the general fund budget are those passed refunds.

[7:00] So, they do increase the budget, but it's money that is, we, those entities, expend those funds, we reimburse them and then the county reimburse us.

[7:09] beyond that six million dollars, the vast majority of it will be in the Hurricane

[7:14] Ian Fund, which is a special revenue, and then the sewer fund, which is a part of

[7:19] the enterprise funds.

[7:21] Well, it's, I understand that, the special revenue we have about 43 million, and in the enterprise

[7:28] fund, I'm wondering, is that the, so the enterprise fund consists of sewer and beach?

[7:37] Right.

[7:37] But I'm looking at first chart, wondering in terms of the sources of funds, if where that

[7:46] where the hurricane revenue, I'm sorry, where the hurricane end revenue is in that fund.

[7:52] In the other part.

[7:52] This is sort of, if you looked only at this first sources of funds where you would be able

[7:57] to find all of that or most of it.

[8:00] So, the easiest way to, now in the individual fund budget, so if you click on, again, back at the main page of the budget and select the sewer fund, those grants are going to be labeled as intergovernmental grants.

[8:17] It does not provide the detail. The best way to get that detail is to go to the capital improvement plan, and then all those in the sewer fund, anything that is preceded with the word grant.

[8:28] currently in the sewer fund is directed related to Hurricane Ian. Now it could be

[8:33] FEMA projects but the vast majority of right now is state funded but those were

[8:37] result of Hurricane Ian. That's where you get that detail.

[8:42] And then the six

[8:44] million or so is that when we go over to the city uses a fund that would that be the

[8:50] six point four million in terms of the grants and assistance would you say most of

[8:54] That is the path through to fish and the.

[8:57] Yes, so six million of that amount is the CDBGDR path through grants.

[9:03] The rest of it is the annual support that contracture we give to CHR and the historical

[9:11] museum.

[9:13] But six million dollars, that's an even number.

[9:15] We're not really sure what the activity is going to be next year, but six million dollars

[9:18] for the fish and the fire district.

[9:21] Great.

[9:21] Thank you.

[9:22] And then, I think I have figured it out, but it might be worth also, that for our taxes, the 15-9-1-4-8-1-9 from the general, from the general fund, that's adverlorum, but then additional taxes as well.

[9:43] And your estimating not a little over 95% of adverlorum, I think, right?

[9:47] Yes, so both the answer questions are yes, so part of that and again, you get the detail for the tax revenue in the general fund detail, but the vast majority is at the alarm, but

[10:00] There are other taxes we receive sales taxes from the state. There's communications sales taxes in there, so all beyond

[10:07] advalorum, the state does put out revenue estimates. So we use those estimates, because all that money is collected

[10:15] through the state and remitted back to us. The advalorum is currently budgeted at 97% of the total

[10:22] levy accounting for discounts. Typically, 10 of our residents, most residents take advantage

[10:27] of the discounts, and pay early, so it averages out about 3%.

[10:31] Okay, great.

[10:32] Thank you.

[10:33] You're welcome.

[10:34] Any other discussion on the budget at this time?

[10:38] We had to say.

[10:38] Wait a minute.

[10:39] Quick question.

[10:39] I think I may know the answer to this, but in respect to the past through monies, do we retain any

[10:47] of that as we pass it through, like most governmental agencies do?

[10:52] We do not, sir.

[10:53] So we made a decision right after Hurricaney and when a lot of the city BGDR grant funding opportunities

[11:00] came up, we are allowed to withhold an administrative fee.

[11:05] We currently do not withhold any money for those past few rounds.

[11:08] Okay.

[11:08] Thank you.

[11:09] Can I add a comment to that?

[11:11] If my voice will hold down, is that we made that conscious decision because it would have

[11:17] increased the cost before the recipients.

[11:19] It was not a percentage of the administrative, I remember discussing this with the council member Smith.

[11:26] When the funds first came to available that the county had an allocation of the funds for the administrative costs.

[11:33] We went to the county and asked if we could get a percentage of that for our administrative costs.

[11:38] But the only way that we could have done that would have been an additional cost to either fish and the fire district.

[11:44] And so Steve had estimated that once the project get off the ground, that it would be a very minimum expense for us.

[11:51] So we opted not to add that additional expense to the recipients of the grants.

[11:57] Thank you.

[11:58] Customers.

[11:58] Yeah, and just on that, because that's perfect.

[12:02] I can't remember what the county was getting administratively.

[12:04] Something around 55 million or something like that.

[12:07] So we did request that every municipality who was subrecipient for areas were given

[12:14] that and we were respectfully declined on that and I did pointedly ask CFO staple if it was what

[12:27] type how much and it was extremely nominal. So we really didn't want to pass that on and I

[12:34] think that if he thought it was going to be something more of a time on his staff and things like

[12:39] that we would probably come back and reconsider that number. Is that fair to say? In our discussion

[12:44] So I will just add on to that later.

[12:47] At the last meeting, the City Council approved the indirect cost study that we performed

[12:51] a year.

[12:52] And one of the reasons that we do that is we produced that study under OMB federal standard.

[13:00] So we can withhold indirect costs on some grants if it's beneficial for the city and we

[13:06] choose to do so.

[13:07] So we have the ability to do it.

[13:09] We have backup if we want to do it, but currently we don't have a policy where we

[13:12] are collecting.

[13:13] And may or on that as well, the reimbursements for fire, they're almost ready to give us

[13:20] the reimbursements before even ask.

[13:22] I mean, they've been very prompt on that, and I know for the fish building, they also

[13:29] have reserves that exceed the grant.

[13:32] So if there were any issues, they could sustain on the grant themselves on reserves.

[13:39] Councilman Johnson.

[13:40] Thank you, Mayor.

[13:42] Vice Mayor, as you point out, most government agencies take some of those funds as an administrative

[13:48] charge.

[13:49] This is yet another example of how we work as a local government and how we make the money

[13:56] go where it falls and where it's most needed.

[14:01] Thank you, Mayor.

[14:02] Any other discussion before I go to public comments?

[14:06] See you then, any public comments on the budget at this time?

[14:11] Mitch.

[14:14] Thank you, Mitch.

[14:15] Kaufelman, a sandable resident.

[14:17] Laura, you hit her right on the head.

[14:20] I had the opportunity.

[14:22] Which I tested Steve out with Cody to try to get a better handle on not only the budget,

[14:27] but the implications of a potential passage of amendment 3 on sandable.

[14:33] And I spent a lot of time going through the last five year,

[14:36] but I'm not an accountant, I'm not a financial person,

[14:39] but I ran a $300 million business at one point,

[14:41] so I had to understand that stuff.

[14:44] And what I'm going with this is the questions you ask,

[14:47] other questions, a normal citizen would ask about

[14:51] how we manage our money, how we spend our money.

[14:54] To be perfectly honest, is detailed

[14:56] and is perfect as the tables are available.

[14:59] Thanks for watching, and I'll see you in the next video, and I'll see you in the next video.

[15:00] We are not easily understood by a member of the public. And I'm going to make a suggestion that

[15:06] we're perhaps in amendment 3 may pass. The focus of the public on taxes, how the money is

[15:14] generated and how it's spent is going to go up astronomically over the next couple of years.

[15:19] And we ought to think about putting out a user-friendly interpretation of our budget and how it's

[15:27] put together, not necessarily with all the buckets with all the funds, because to have

[15:32] ever citizen, that's accounting.

[15:34] It doesn't really matter to them.

[15:35] Just basically break it down where the source of the revenues come from, whether it's

[15:41] Advalorum taxes, whether it's pass through to government grants, keep it simple and get

[15:48] it out, so they have a basis for understanding where things may go in the future.

[15:53] So you asked the right questions, now I'm going to look back to Steve.

[15:56] I can help you with that in a series that I think it would be very valuable for the public

[16:00] to have a good public common sense feel for where our money is going, how it's spent

[16:07] and where it's coming from.

[16:09] Thank you.

[16:09] Thanks, your comment.

[16:10] Any other public comments on the budget?

[16:14] Anything else, Steve?

[16:16] Before I go to the resolutions.

[16:18] No, but I will just quickly explain what the resolutions are doing.

[16:21] So the first resolution will set the military for fiscal year 27, the second resolution

[16:27] will set and adopt the total dollar amount of the total city budget for fiscal year 27.

[16:34] And then the third resolution commits the reserves in the general fund per our fund balance policy

[16:41] that it has included in the budget. Would you read the title of the resolution 26 to National

[16:46] 42? I will do that. And before I do that mayor, if I may, I just want to thank council

[16:51] you mentioned that you've been working on this in June, and I think that your work actually

[16:56] started before that, really with the Stonewater Mass to Plan and the Prioritization of

[17:01] projects that we never required for the community. So we, from a staff perspective, we thank

[17:06] all of you for the work that you've put into the budget and the guidance that you've given to us too.

[17:11] So thank you. Mayor. Yes. She said a quick call. And I typically wouldn't do this, but I just

[17:18] We had, I think the public comment was very valid in the years that I've sat, we've always

[17:25] had a hard copy that we could take and we could open up.

[17:28] I can tell you, you know, as much as we try to understand it ourselves, I find this extremely

[17:34] complex to look for things online.

[17:37] And I would love to see us have some sort of a forward-facing hard copy.

[17:42] We could flip it open, we could go to the capital improvements.

[17:44] I had to look in many different areas, and as easy as it might be for staff, it's not for the rest

[17:51] of us.

[17:52] And if it's not for us, it certainly isn't for our citizens, even though we work on this

[17:57] all-in-round, basically, or within the next couple of months.

[18:00] So I just want to echo the comments of the public that I think that would be very helpful.

[18:05] Thank you.

[18:06] Mayor El just said, Stephen, I have talked about a citizen's guide to the budget that we

[18:12] could be that we would look to generate.

[18:14] So Mitch's comment is apropos, and we understand that as we go into the referendum process

[18:22] and next year with some of the state requirements to go through the exercise for 10% cut,

[18:27] et cetera, that it's going to be important that people can understand exactly how that

[18:33] translate to services.

[18:34] So it's a great comment, and we have had discussion about having a very easy to read document

[18:40] that would be available to the public.

[18:41] So Mayor, just one other comment, just to piggyback.

[18:44] So one about the budget book, that will be published as part of this.

[18:49] So on the online page, one of the first links on the left-hand side of the page will be a PDF that

[18:54] name they can download and print out at their convenience.

[18:58] And then second, yeah, very good comments.

[19:02] One thing I do like to mention during the whole budget process is the numbers are a very small part of the communication tool the budget.

[19:10] So what we're going to be working on of the next two months is flushing out the narrative and making it easy to read and understand about what those numbers mean.

[19:19] So as you go into the links for the different funds, you'll see tables like this for the numbers.

[19:25] But the big part about is we do explain where all these numbers are coming from and the effect and how we determine the estimates for those.

[19:33] So and then we'll incorporate obviously changes that come up for tax reform, but I just want to mention that a lot.

[19:38] Thank you.

[19:38] So, City Manager, would you read Resolution 26-1042?

[19:43] Yes, sir.

[19:44] Resolution 26-1042, a resolution of the City Council of the City of Santa Bel Florida, adopting

[19:50] the final operating and voted debt service, ad-vallorn milled rates, for tax year 2026,

[19:57] fiscal years, 2027.

[20:00] And for the city of Sannebel, Florida, and providing an effective date. The blanks in section 1 should be filled out at 2.5000 mills, and then increase that above the rollback rate by 6.9%.

[20:17] I would move resolution 26-042 filling in the blanks at 2.5000 mills with an increase of

[20:31] a six point nine percent a different from rollback for a second and a discussion

[20:40] of council and a public comments and connection with the proposed resolution 26

[20:46] to four to say none bring it back to council by tomorrow.

[20:51] I just before I vote I just want to and recognizing where I'll be this time next year I

[21:02] just to make it clear that the 2.5000 and that's where the 3000 was come from.

[21:11] But the is is the right military, I think, for us right now, given given our current

[21:19] situation and still recovering from Ian.

[21:21] But I would like the general public to understand that at least a hope is for next year that

[21:30] military could be cut closer to to the rollback. But this year, I do believe it's the right thing

[21:39] for us given the fact that we're still in recovery. We're getting close to the end, but not quite,

[21:47] and I think it's appropriate.

[21:50] So I would expect the public to come back another eight, nine,

[21:55] months from now and be looking very very closely at our village rate and see if we can

[22:01] learn that. So that would be my hope is that we would. Assuming everything moves along is

[22:09] it's moving but get down lower that village rate where it is today or at least what we're about

[22:17] to vote on. Thank you. Any other comments before we vote? My only comment in reference to that is

[22:22] you know, hopefully we'll be getting more inventory back on the market, which we'll be able

[22:27] to drive the taxes, the tax face that we've lost to come back. And I look forward to

[22:34] next year's budget conversation as well.

[22:37] And the other discussion.

[22:39] Senance Scotty in line, which we call the vote on 26-042.

[22:43] Council Member DeBruce?

[22:44] Yes.

[22:45] Vice Mayor Anja?

[22:46] Yes.

[22:46] Mayor Miller?

[22:47] Yes.

[22:47] Council Member Johnson?

[22:50] Yes.

[22:50] Thank you.

[22:51] Thank you. I brings us to consideration of resolution 26-043 City Manager, which we did

[22:58] title to that resolution. Thank you Mayor Resolution 26-043, a resolution of the City Council

[23:04] of the City of San About Florida, adopting the final budget for the fiscal year ending September

[23:09] 30th, 2027 for the City of San About Florida, and providing an effective date. Thank you.

[23:15] the blank in the last where our section should be filled in is $187,622,061 dollars.

[23:24] Any discussion?

[23:28] That's my question.

[23:29] Mr. Mayor, I will move 26-043 in starting into the blank.

[23:41] 187,622,261 dollars.

[23:46] Second, I think you nailed it.

[23:49] Any discussion at council?

[23:51] Senate, any public comments on this resolution?

[23:56] Seeing none, back to Council, any further discussion?

[24:00] Scott and Language, you call the vote on 26-043.

[24:04] Council member DeBruce?

[24:06] Yes.

[24:06] Vice-Minor Hintel?

[24:07] Yes.

[24:07] Mayor Miller?

[24:08] Council member Johnson?

[24:11] Yes.

[24:11] Thank you.

[24:12] Thanks, Scott.

[24:12] The lend brings us to agenda item 5D, which is consideration of resolution 26-044.

[24:19] City Manager, would you please read the title?

[24:22] Thank you, Mayor.

[24:23] Resolution 26-0444.

[24:26] Resolution of the City Council of the City of Sanabel, Florida.

[24:30] Establishing committed fund balances for emergency reserves.

[24:33] An operational support reserves for the city of Sanabel.

[24:36] And providing for an effective date.

[24:39] There have not been a subscriber there in that title.

[24:41] And it should be an addition.

[24:42] It should say debt service reserves.

[24:45] There's a third type of reserve.

[24:46] the resolution body correct just a title just a title okay so no

[24:52] need a discussion in council yes a woman to Bruce yes thank you thank you

[24:59] this is a

[25:00] May a good time to forward within our reserves to speak again about in the event of another event of which we hope we

[25:10] will face again. And these emergency reserves, in such a case, would help us through initially, but perhaps not so far. Do we also have, or could you remind us, do we have also an LOC that we would

[25:25] and other ways that we would be able to sustain in addition to the amounts that we have here.

[25:33] Yes, thank you, Council Member.

[25:34] So the emergency reserve, and it's been varying on depending on the severity of the event,

[25:41] but it is a very short-lived, depending on the event.

[25:45] Hurricane Ian, we went through that 5.9 million within the first month,

[25:51] between debris, emergency procedures, and debris right off the storm.

[25:58] We did have an active line of credit for Hurricane In, we let that expire and we don't

[26:02] have one right now.

[26:04] But the reason that we don't have an active one right now is that we are enrolled, and this

[26:09] is a third year that we have been involved in the state of Florida's F-Frock program, which is

[26:14] the recovery obligation credit program.

[26:16] So depending on your experience with storms, and we are ready to very high on our experience.

[26:22] You can take that as a good or a bad.

[26:25] We would receive advanced 50% advanced funding on projects that we developed after a storm.

[26:34] The purpose of that program is to dispense cash very quickly to organizations so they can start that recovery.

[26:41] We're currently, you know, I could have got that number from Brett today, we're finalizing the opt-in for fiscal year 27 right now.

[26:50] I believe the last number I got from him was where at 87%, which is one of the highest in the state right now, so that allows us to get some advanced funding.

[26:59] So for example, if we went through the 5,5,9 million dollar reserve within a couple months, we could get some advanced funding from the state.

[27:07] And that is, you really isn't advanced on your potential FEMA revenues.

[27:13] And in addition to that, which I understand is mostly for projects.

[27:18] You believe that we would also be eligible again for that revenue replacement grant

[27:24] for house or is that something different?

[27:26] Like, what about our operational day-to-day?

[27:28] It's not just projects, but just like keeping the lights on, paying salary.

[27:31] Right. So currently there is not that is not part of the F Rock program and we part of that emergency reserve because we are in the F Rock program. We could use that for operational research.

[27:44] But we would look at probably opening up a line of credit. One of the requirements.

[27:49] And what I foresee is that the Florida Department of Emergency Management will have us kind of expand our financial policy.

[28:00] But one of the requirements of the FRAC program is that we have an established financial policy for disaster events and how are we going to self-manage that.

[28:09] We have indicated that our policy is that we would open up a line of credit, so the state is looking for us to have that ability or at least the intent to be able to do that.

[28:19] They're not requiring at this point, but it is part of our financial plan with them.

[28:23] So that's something that we would look into as a city sooner than later, before.

[28:26] Exactly.

[28:27] Now, I will just speak on the revenue replacement grant that we received from Hurricaney

[28:31] and just for the record, it was a one-time funding source from the state that generally would

[28:37] not be available after Hurricaney and let's just stay to appropriate a more money.

[28:41] Thank you.

[28:43] And the other discussion on the proposed resolution?

[28:50] Yes, absolutely. I would move resolution 26-044.

[28:58] There's second. We have a motion in second on the resolution.

[29:02] Don't think we have any blanks to fill in any discussion at Council.

[29:07] See, then any public comments on this proposed resolution at

[29:13] Council?

[29:13] last transfer discussion. Seeing none, Scotty Lane, which call the vote on 26-04-04.

[29:21] Council member diverse. Vice-mariner. Yes. Mayor Miller? Yes.

[29:25] Council member Smith? Yes. Council member Dodson? Yes. Thank you.

[29:29] That concludes the work in the budget. I just wanted to again thank staff for all the work on this.

[29:35] We ended up with an operating budget, which is 2.7% lower than the budget for this current

[29:41] fiscal year. And if you take inflation into account, the difference is even greater.

[29:46] So thanks to all you for that work.

[29:49] Brays us to agenda item six public comment. And a public comment.

[29:57] Seeing none, we've reached the end of agenda. Any other comments before we...

[30:00] Injection to vice mayor. I want to just follow up on your comment. And I want to thank City Manager and his staff for making this a tight budget and still under.

[30:16] And I think you guys have done a great job and I really appreciate the hard work. And the sometimes it's very difficult to examine into departments where any kind of fluff can be removed.

[30:29] And I think you and your team have done an outstanding job in making sure that it is the right budget force, and it is right-sized.

[30:43] And it will do as well as we move forward, even with a percentage less than it was last year.

[30:51] Thank you.

[30:52] Thanks, John.

[30:52] Any other comments or objections to a German?

[30:56] Seeing none, we are adjourned.

[30:57] Thank you very much.

City Council - Final Budget Hearing - Sep 28th, 2026

Agenda

Transcript