SFGTV September 21, 2014
Expenditures we have to pay and the Program Notification is 15 percent of the total expenditures including the operations reserve so the slide shows that the first and second year of each 5 year programs has dramatically higher than cash flows from the 5 year period this is a combination of rolling projects forward so the expenditures from the existing allocated projects whether you see in the blue box 40 percent of the cash in the early years 20152016 is from looltsz prongs the prop k sponsors have been slow to allocate the expenditures to balance that it has in some cases be able to spend ot...