It's my understanding that...

Meaning

Expressing something one believes to be true.

Examples

• John: <b>It's my understanding that</b> the deadline has been extended.
• Alice: That's correct. The new deadline is next Friday.
• John: Good. <b>It's my understanding that</b> the budget has also increased?
• Alice: Yes, you're right. We have an additional $5,000.