This presentation [PDF] from California's Department of Water Resources undermines unintentionally their claim to responsibility, competency and/or adequacy.
First is the fact that 81 taf of 612 taf of water transfers passed through the DWR-managed drought water bank. Thirteen percent isn't very good, and here's why they failed (no market solutions). FAIL.
Second is their "plan" for drought in 2010. Besides "pray for rain" (somehow omitted), they are hoping that the 20% by 2020 program and a website are going to promote water conservation (but no price solutions). FAIL.
Third is Lester Snow's support of Schwarzenegger's plan for more dams.* He sounds a lot less like a competent bureaucrat and a lot more like a political lapdog. Hey! The Gov is a lameduck! Can we get some professionalism here!??! FAIL.
Bottom Line: DWR is not managing our water resources. That sucks, since they have a monopoly on our water policy. (I am not even getting into groundwater!)
* It's not in the PDF but why not pile on?