1. Financial Overview

2. Financial Summary Base funding: $5,707,616
Options (unfunded): $1,242,495
Provided to date: $4,799,294
Unexpended as of 4/31/00: $506,919
Increment for FY2001: $908,322

3. Notes Expenses pushed from earlier years to last two:
Were under-spending on IRAM due to partnership delays
Still significant design and evaluation costs to complete
Conveniently matched a glitch in budget admin
Both IRAM and ISTORE are starting to ramp down
Technical staff: Harvey, Pope, Beck, Fromm, Thomas
Some equipment costs for ISTORE are pending
Projected to spend out total award (without options) by contract end (3/01).