Good morning to everyone. The committee on Health Education labor and pensions will please come to order. First, a few administrative matters. Weve gotten advice from the sergeant at arms health and human services, centers for disease control, individuals in the hearing room will be at least six feet apart. Theres no room for the public, therefore, but this is all streaming and there will be an unedited version of it that anyone can watch later. Our witnesses are participating by videoconference today and some senators are as well. Id like to Say Something about masks. Since were six feet apart we dont need to wear masks, although some may. Thats why my mask is off, although i have one and i wear it outside because as we were reminded yesterday its extremely important tool for stopping the spread of covid. Im grateful to the rules committee, sergeant of arms, the press gallery, the architect of the capitol, the Capitol Police and our staff, people, all their hard work in helping to kee
Policy requirement, excuse me, of 20 percent for the first two years of the plan and then increasing to 25 percent in the later end of the plan. So first looking at the base case, you can see that the first, the lighter blue are the sources and the darker blue are the uses and the green that just eeks up there at the bottom is our surplus. This is a better projection than in prior years of the Financial Plan where i had shown you deficits in the out years and the need to curb operating expenses and increase sources and i think the key difference is that we are being prepared to put new facilities online and generate more revenues and, frankly, the economy has been doing well and this is a reflection of that ongoing income stream. I think notably this shows 14. 7 million of average capital spending. That is definitely higher than in prior years where i think if port staff had been asked what we generally spend it would be 10 or 11 million, so this is an improvement. But the take away, p
Tomorrow you just released your annual report. What do you characterize for us the state of the business of philanthropy in the washington yeej on . The landscape has changed. Talk about that. Certainly with the cessation of giving by the freddie mac and fannie mae foundations, thats made a major difference in our giving. Last year the people who responded to the survey say they gave about 228 million to local initiatives here. They still have 4 billion if assets, and the assets are growing. There certainly seems to be increased giving and increased commitment to our region. Who is now doing most of the giving . Are they independent foundations, Family Foundations, corporations . All of the above. We have small Family Foundations making an impact in our renal oranges certainly the larger independent foundation and certainly the corporations represented on the panel today. Celeste, talk about your companys strategy on the health care front and how its been impacted by health care reform
Definitely were taking into account the operating reserve so each scenario actually meets the 15 percent operating reserve, as well as the capital Plan Requirement or capital policy requirement, excuse me, of 20 percent for the first two years of the plan and then increasing to 25 percent in the later end of the plan. So first looking at the base case, you can see that the first, the lighter blue are the sources and the darker blue are the uses and the green that just eeks up there at the bottom is our surplus. This is a better projection than in prior years of the Financial Plan where i had shown you deficits in the out years and the need to curb operating expenses and increase sources and i think the key difference is that we are being prepared to put new facilities online and generate more revenues and, frankly, the economy has been doing well and this is a reflection of that ongoing income stream. I think notably this shows 14. 7 million of average capital spending. That is definit
Be a sorrowful duty to perform. That duty today belongs to me. I have brought home the fallen body of my commander and my dearest friend. Major general James Mcpherson. Home to his grandmother, mother, family and to his friends. In tennessee and formed an instant friendship. Whoseung men from ohio personal lives and military careers were similar in nature. When general mcpherson was he choseas commander, me as his chief engineer. I joined general mcpherson staff in mississippi. This began our amazing journey that would last more than two years. When i learned general mcpherson had been killed in action, i knew immediately i lost my best friend. The army lost a great commander and a nation lost a soldier who had the wherewithal to unite a divided nation. If i was asked to summarize the general mcphersons personal and military career, i would use these four words. By quiet merit alone. I have the great honor of introducing our guest speaker. He is adjusting which author with over two doz