1 / 6

Department of Transportation Quarterly Finance Report Third Quarter 2006-07

Tab 8 Ref 3.6. Department of Transportation Quarterly Finance Report Third Quarter 2006-07. Presented to the California Transportation Commission June 7, 2007. State Highway Account $497M (48% below forecast) Continuing federal resolutions Delayed TIF transfers

kamella-varga
Télécharger la présentation

Department of Transportation Quarterly Finance Report Third Quarter 2006-07

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tab 8Ref 3.6 Department of TransportationQuarterly Finance ReportThird Quarter2006-07 Presented to the California Transportation Commission June 7, 2007

  2. State Highway Account $497M(48% below forecast) Continuing federal resolutions Delayed TIF transfers Seasonal expenditures Public Transportation Account $401M(11% below forecast) Items-in-transit Traffic Congestion Relief Fund $1,080M(44% above forecast) TDIF loan repayment Early Prop. 42 Delayed LONPs Transportation Investment Fund $516M(204% above forecast) Delayed TIF transfers Early Prop. 42 Transportation Deferred $451M(7% above forecast) Investment Fund Ending Cash BalanceActuals vs. Forecast

  3. Allocations vs. PlanBy Program 58 percent of capacity allocated through third quarter State Highway Operations & Protection (SHOPP) $1.890B • $130M in Q3 • $1.302B YTD • $588M Remaining State Transportation Improvement Program (STIP) $1.290B • $152M in Q3 • $867M YTD • $423M Remaining Traffic Congestion Relief Program (TCRP) $1.684B • $581M in Q3 • $1.158B YTD • $526M Remaining

  4. Outlook for Funding • State Highway Account • Improving in near-term • Federal funding at risk over long-term • Public Transportation Account • High current fuel prices  Fall revenue Transfers • 2007-08 Budget Proposals • Other Trends • Slowing Housing Sector • Contract Award Savings

  5. Recommendations • Maintain Current Allocation Plan of $5.7B • Monitor Federal Funding Situation • Update Forecast Models for 2007-08 • Seasonal construction • Transfer schedules • Capital Outlay Support • Other changes to conform to the 2007-08 Budget • Because proposed changes continue, no new allocation plan will be presented at this time

  6. Questions

More Related