the second change the that since we have established our dbe program we have always reported our dbe participation based on all of our contracts. that is how we have calculated our goal for every period. that is how we have always submitted our goal. our goal has always been approved. following the review they stated they want to see the goal based just on fta funded contracts. that's really because they've got two different systems. they have a federal draw-down system and they have a reporting system. they want to be able to look and see how much money you are drawing down and match that to what is in your participation report. very understandable from their point of view. we want to continue to have participation regardless of the funding source so we can continue to track against our original 18.5% goal across all of our contracts, but we have recalculated the goal based just on what is funded in whole or in part by fta. that results in a revised goal of 8.3% for the remainder through september 30th, 2013. under dbe regulation we have to put the goal out for a 45-day public comme

the proposed dbe goal. that shows contract activities are proceeding as planned and shows our payments for the federal fiscal year to dbe is 7.2 million and 36.3 million to sbe through the three-quarters of the federal fiscal year so far. the third report is our investment report. shows our position in our bank account, the city and county equity pool and our trust account which holds land fill proceeds and the final report is inception, expenditure and revenue for the capital project. i'm happy to answer any questions. >> thank you. directors, our next item is an update on the project labor agreement. bob is going to do the presentation. we also have ma with us from the carpenter's union, who is also going to be reporting on the good work they are doing to get people into apprenticeship programs, specifically women, so they can ultimately work on our project. >> thank you, maria, directors. as maria mentioned we are giving an update on the project labor agreement. we had our third meeting with leadership f

that is what we are doing with this important infrastructure project, sbes, dbes and so forth. it is so important to mention. we hope to be a model for other infrastructure projects that receive public dollars, that you can really do a lot of good. what many is doing a just an example. thank you, many. >> we have a comment from the director. approximate >> yes, thank you. >> i wanted to echo that sentiment. commend not just many and local 22 but the staff and web corp. reading through that report and looking at the outreach to city build, the school district, various veteran's organizations. i didn't realize through the women's resource center, this really is a tremendous effort. it seems like some of the spirit of the pla, though it hasn't really formally kicked in in the new construction contracts, it's already yielding some benefit. it was great and surprising to see the apprenticeship numbers for trades overall are right on for the laborers and carpenters after a slip have now -- looks like they have caught back up, which is great. just one question on the trades. if we loo