we had a portion that matureed in november and a portion was transferred to the money market fund to pay for construction cost and balance reinvested. the next report is the work to date report and capital expenditures and revenues since the beginning of the report. the next program is the program reserve and contingency reserve and this shows draws on various contingencies and program reserves and based on awards and change orders and the information in this report is also in the monthly construction update that you just received and finally i wanted to give an update on the bridge financing you approved last month. the week later the commission approved the necessary resolution and on tuesday the board of supervisors approved the city legislation necessary to move the financing forward. the oversight board will consider the item tomorrow and things are on track for early january close and that concludes my report. i am available for any questions. >> seeing no questions. thank you. >> thank you. >> great. and now directors it gives me pleasure to spruce the next item which say pres