(a) The department shall, beginning November 1, 2007, and quarterly thereafter until funds authorized by this chapter are liquidated, prepare and submit to the Joint Legislative Budget Committee a report that includes information relating to funds expended by the department during the time period pursuant to Section 5096.821. This report shall include all of the following: (1) The project name. (2) The physical location of the project, including the county or counties where the project is located. (3) A description of the project and the scope of the work to be performed. (4) The date of approval of the project, or the date a contract was let for the project work. (5) The estimated cost of the project at the time of project approval. (6) The actual cost of the project, to date. (7) An estimated project schedule. (8) An explanation of any increased project costs over the initial estimate, including changes in conditions or scope of the project. (b) For the report due on November 1, 2008, and each November 1 thereafter, the report shall include all of the following: (1) The report requirements set forth in subdivision (a). (2) Identification of the actual amount of funds appropriated in the previous fiscal year to implement provisions of Section 5096.821. (3) Identification of the actual amount of funds expended in the previous fiscal year pursuant to the appropriations specified in paragraph (2). (c) Each project shall continue to be listed in the report for one quarter after all project costs are paid. (d) (1) It is the intent of the Legislature that the Department of Water Resources seek all applicable federal funding for flood control projects. (2) It is the intent of the Legislature that the department notify the federal government when the state pays the costs associated with the federal cost-share of levee repair and improvement projects, with the intent that those costs may be recouped from the federal government in the future.