On July 27, the California Department of Water Resources released its preliminary funding recommendations for the Prop. 84 Round 2 Planning Grant. The Inyo-Mono IRWM region is recommended to receive funding through this round of Planning Grants.
You can see all of the funding recommendations here: http://www.water.ca.gov/irwm/integregio_planning.cfm
There is a public comment period, which closes August 24, 2012. This includes three public workshops held by DWR. Details are available on the website link above.