department of transportation quarterly finance report third quarter 2006-07
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Tab 8 (Ref 3.6)
1Division of Budgets
Department of TransportationDepartment of Transportation
Quarterly Finance ReportQuarterly Finance ReportThird QuarterThird Quarter
2006-072006-07
Presented to thePresented to the
California Transportation California Transportation CommissionCommission
June 7, 2007June 7, 2007
Tab 8Ref 3.6
2
Ending Cash BalanceEnding Cash BalanceActuals vs. ForecastActuals vs. Forecast
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
3
Allocations vs. PlanAllocations vs. PlanBy ProgramBy Program
58 percent of capacity allocated through third quarter58 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
State Highway Accounto Improving in near-termo Federal funding at risk over long-term
Public Transportation Accounto High current fuel prices Fall revenue Transferso 2007-08 Budget Proposals
Other Trendso Slowing Housing Sectoro Contract Award Savings
Outlook for FundingOutlook for Funding
5
Maintain Current Allocation Plan of $5.7B
Monitor Federal Funding Situation
Update Forecast Models for 2007-08o Seasonal constructiono Transfer scheduleso Capital Outlay Supporto Other changes to conform to the 2007-08 Budget
Because proposed changes continue, no new allocation plan will be presented at this time
RecommendationsRecommendations
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