singer associates is a certified spe and they also have a dbe subcontractor. i can answer any questions you may have. director ford: any questions from the board? ok. it has been moved. it has been moved and properly seconded. any member of the public wish to address us on this? with that, all those in favor? opposed? motion carries. next item appeared >> item 13 is approved. item 14, approving the recommended applicant to the transbay joint powers authority citizens' advisory committee. >> good morning, directors. we formed the committee in april of 2007. it was our first meeting. half of the terms are one-year and the other half or two-year terms. we're coming up for the second batch of two-year terms are expiring. we have a number of people we applying for seats. five of those seats are being reappllied for. -- reapplied for. seats open up because people are not continuing. one is the bicycle advocacy and the other is the disabled advocacy. we have two new appointments for those seats that we are presenting to you today as well. i can answer any questions y

for the federal fiscal year so far, dbe goal is 18%. we have awarded 14%. sbe's, we have awarded 35%. our quarterly investment report. in this low interest environment, we have a earnings credit bank accounts, so we do not pay fees or earn interest. so our interest earnings are on our unrestricted cash account. the fourth report is expenditures and revenues for the life of the program to date. the only other financial items that i want to note is on your consent calendar, we have our auditor's contract. assuming it is approved, we will be working with them to start interim audit field work. director ford: i was mentioning to director co-head -- cohen -- we are dealing with the issue of the new local hiring initiative. we have been spending quite a bit of time meeting with the mayor, supervisor avalos. at the next board meeting, could we have discretion on that? our projects are similar to central subway, dollars, policies that are not in court mission right now with our local hiring ordinance. we are trying to strongly support that. before it comes to the b

we have awarded almost $84 million worth of contracts and subcontracts to dbe and sbe businesses. to date, through december 2010, paid almost 40 million out to those businesses. this is a federal fiscal year breakdown of the percentage awarded, goal, and payment for the federal fiscal year. in september 3, 2010, we paid $5.4 million. we will be continuing to look to increase these numbers. this is an outline of some of the average we have been doing over the past year. we will continue to be involved with the business outreach committee to hold pre-bid meetings as well as network opportunity meetings. we will continue to place plans in all of the rooms so that they are available free of charge, and we will look for opportunities to unbundle contracts and do sbe set asides where possible. >> now an update on the community outreach project. >> good morning. 2010 was a very busy an exciting year for the project, especially for our program out reach, as it became tangible to our neighbors and transit riders. some of our accomplishments included commemorating the old terminal by guidin