About the eligibility requirements of the current child nutrition assistance cadre of programs as they exist today . I think the important thing when youre talking about reducing errors and improper payment which is i think we all agree is a very important endeavor is to create a culture where a culture of compliance with the rules. We want the rules to be followed. I dont think the rules themselves are the problem i think its helping people understand them and there are lots of different people involved in the system. Its families when theyre filling out applications, its schools when theyre running programs, its states when theyre administering them. So i think that kind of day in and day out work is whats most important to reduce errors and reduce improper payments in the program. I would second that and also add its important to as a former president once famously stated, its important to not only trust but verify. I would add to that and say its important to trust and verify in a
Has put in place knew rules for prime institutional funds that get rid of the fixed dollar value. They will have net asset values that will reduce run risk. That aside to allow firms to impose fees something that could create Financial Stability risk that we need to watch. The so called Triparty Repo market which is a major source of shortterm wholesale funding, that contained great risks. We have taken steps important steps to mitigate. Central counterparties a thrust of reform has been to try to move as many derivative contracts as possible into central counterparties to have them. By central counterparties something that serves to reduce risk and complexity and enhance Financial Stability but when these entities themselves become systemic and clearly need supervision something that you have mentioned in imf work is that we have a major growth of open ended mutual funds where you have funds that are investing in highly illiquid assets. The industries are promised immediate liquidity.
Thank you. Do you think that a shift from the current verification process that emphasizes for cause verification would enhance the Program Integrity and secondly would it have a negative effect on access for eligible participants . No, i think theyre again senator, there is a way to do it without aversely impacting people that truly deserve it and what we found in our work is for cause, thats the review of questionable applications. Some School Districts were not doing any for cause verifications of questionable applications. So theres definitely potential there to do that more consistently across School Districts. I should add thats a usda requirement. School districts are required to conduct these type of reviews. Any time we see that type of inconsistency that gives us some concern. I would like to know more about the point of service when the child and the cafeteria worker do interact and determine how the meal will be paid. You have cited this in your statement as a step in which
Local with 16 projects worth nearly 2. 7 billion in construction actively. We completed construction on 62 of 82 projects. We only have a few projects left of the ground water restoring recovery and the pipeline which will be going in in the spring. We have a number of accomplishments to report this last quarter. As has been reported in the last quarter we passed the instruction of the program. You can clearly see in august 2012, we had a much higher rate of work hours than we do in december 13th. We do anticipate that rate to come back up in the spring and summer months this year as construction gets more active in the summer months, but we are clearly passed the peak of construction but we have a long ways to go. 20 percent of a lot of program is still a lot to complete. We did obtain certification of the Environmental Impact report. We have received 5 bids and awarded that contract to a ranger pipeline. We will award it to a ranger pipeline and will inspected to begin in spring of t
Similar to the last presentations on this, we are doing each Commission Meeting for the commission our total reservoir storage is about a million acre feet which is 69 percent maximum which is good but not a panacea. Precipitation is good this weekend. The outlook is mixed. There is definitely more needed and well continue to evaluate this and bring it forward to you. This slide shows a reservoir storage as of february 9th. There is a million acre feet in storage and there is only about a half million acre feet. Sounds like a lot of water but much of that is in cherry reservoir. There is a limitation in how we manage the water in storage and well talk about how to manage that depending on conditions Going Forward. Precipitation chart here is orange line is 7677 and the red line finally passed the red line and we got a precipitation in hetch hetchy. That mates makes it the third driest year. We are a long way but certainly it was a big help this last storm. It also mentions the snowpack