for a 6-month look at proposed expenditures for what is called a recognized payment schedule or the ropses. a number of these have been approved by the over site board over the fiduciary obligations and ultimately the state department of finance has the final say and this is an informational presentation and no action today, but we will come back to you prior to final action, by the over site board and with that, the deputy director, will present this item. >> good afternoon commissioners, my pleasure to be before you once again, with the recognized obligation payment schedule, and director mentioned that this is ropses, 13-14 b and covering the period of january first, 2014 to june 30, 2014. and my agenda for this presentation is i will go over the background and format briefly and it will be familiar to all of us by this point and go over the time line, of what our next steps are to get to submital. and then to get to an approved rops and do a break out on this funding source and then a break out by program area so you can understand by project area or program what payments are included

once again, with the recognized obligation payment schedule, and director mentioned that this is ropses, 13-14 b and covering the period of january first, 2014 to june 30, 2014. and my agenda for this presentation is i will go over the background and format briefly and it will be familiar to all of us by this point and go over the time line, of what our next steps are to get to submital. and then to get to an approved rops and do a break out on this funding source and then a break out by program area so you can understand by project area or program what payments are included here and talk about the next steps. and so again just as background, you know as we are aware, we are required by the disillusion law to report all of our payments in six month increments and just recognized the payment schedule, and it has been done five times to date. and so, we are continually evolving with dos. as they change the nomenclature and the formats of all of these and as you recall with the last laps they are starting to use this 13, 14 a, in this fiscal year and then a being the first half of the year