February. A portion of the proceeds have been moved to the money market move funds for payment and the remainder was reinvested. The next report is the inception to date report and presents Capital Expenditures and revenues since the beginning of the program and the next is the Program Reserve and contingency status report. This report shows draws on the various contingencies and Program Reserve for Construction Contracts and change orders and thats my report and i will take any questions if you have them. Thank you. Great. Our next item is the budget revision schedule. We have been working with the Mayors Office and others with the timing and processing of what we need to did to bring to the board, informational items for the budget and the final budget for the boards consideration. Everything is tied to when we need to open the station concurrent with the park at the latter end of 2017 and here to give the presentation is our ceo. We presented this to the cac this week and it was ver
Switzerland after the Iran Nuclear Talks stretched through the night in a marathon session. Officials say discussions are now focused on whether the u. S. And eu would agree to ease sanctions apart from those of the u. N. In political news indiana lawmakers expected to announce a deal today to alter the religious freedom law. The legislators want to ensure the rules dont discriminate against gays and lesbians. Well have a live report in about 20 minutes. On the economic front, three reports of note weekly jobless claims International Trade and factory orders. In Corporate News micron warning of lower revenue. The chip maker is willing to hold inventories longer in light of weaker customer demand for electronics that uses technology. The wall street journal meanwhile reports that the European Union is preparing to file antitrust charges against google in the next few weeks. Just works too well. The paper says the eu could fine the company up to 10 of its annual revenues and in other new
Present. Director. Present. Director. Present. Mr. Chair you have a quorum. Next item. Item 3 is communications and i wanted to note that the board will meet on 10 00 a. M. On april 9 versus the normal start time and we will send an official notice later this week. Thank you. Go ahead. Just an announcement from the san mateo transit district. Some press went out yesterday. Some of you know we were in search for a new general manager for our district and jim harnet is our new general manager and hired by the board, and his responsibility will not only be on managing that business, but also executive director for caltrain as well as the san mateo transportation authority. Harket. Yes. He has history with us. He has been on our boards for several years. Hes known locally as well as regionally and he has been serving on the high speed rail board as well, and so hes familiar to many of us, so were very anxious for him to start will be towards the end of this month, and looking forward to so
The report and in january and february. A portion of the proceeds have been moved to the money market move funds for payment and the remainder was reinvested. The next report is the inception to date report and presents Capital Expenditures and revenues since the beginning of the program and the next is the Program Reserve and contingency status report. This report shows draws on the various contingencies and Program Reserve for Construction Contracts and change orders and thats my report and i will take any questions if you have them. Thank you. Great. Our next item is the budget revision schedule. We have been working with the Mayors Office and others with the timing and processing of what we need to did to bring to the board, informational items for the budget and the final budget for the boards consideration. Everything is tied to when we need to open the station concurrent with the park at the latter end of 2017 and here to give the presentation is our ceo. We presented this to th
Budget. Capital expenses were 36 of the capital budget. Operating expenses were 27 of the operating budget of the second report is the contract status report and this shows amounts authorized and spent for tjpa contracts as well as sbe and dbe activity. Tjpa has distributed 162 million to these groups over the life of the program. The third report is the investment report and we invest in a variety of different investments such as treasuries, commercial paper, certificates of deposits. Some of our certificates of depoiseits and commercial paper matured since the report and in january and february. A portion of the proceeds have been moved to the money market move funds for payment and the remainder was reinvested. The next report is the inception to date report and presents Capital Expenditures and revenues since the beginning of the program and the next is the Program Reserve and contingency status report. This report shows draws on the various contingencies and Program Reserve for Co