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SFY 2013-14 Proposed Budget. Presented April 16, 2013 Robert J. St. Onge, Jr. SCDOT Secretary of Transportation Christy A. Hall, P.E., CPM SCDOT Deputy Secretary for Finance. SFY 2013 –14 Budget.

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sfy 2013 14 proposed budget

SFY 2013-14 Proposed Budget

Presented April 16, 2013

Robert J. St. Onge, Jr. SCDOT Secretary of Transportation

Christy A. Hall, P.E., CPM SCDOT Deputy Secretary for Finance

slide2

SFY 2013 –14 Budget

  • Budget prepared based on cash flow model forecasts, visibility provided by SCEIS and trend analysis. BEA assisted with State Motor Fuel Revenue forecasts.
    • State Motor Fuel Revenues comprise approximately 27% of the total revenues SCDOT programs annually.
    • 2/3 of forecasted expenditures are on the Federal-aid program.
    • $130 M higher than SFY 2012-13 budget submittal.
slide3

Major Changes over SFY 2012-13

  • Includes $52.5 M in Budget Authority for use for the Port Access Road based on originally forecasted project activity level on the Design-Build Project. Funding is via 2007/8 contingency reserve fund appropriations to State Ports Authority in the amount of $167.5 M. Funds are drawn as needed by SCDOT from SPA. $10.08 M has been drawn to date by SCDOT for use on preliminary engineering and right of way acquisition activities.
  • Reflecting nearly $60 M in existing debt as an expenditure and requesting budget authority to process it within SCEIS.
  • $9.5 M in Cost of Living & Employer Contributions Increases awarded to State employees in SFY 2012-13. These costs increase the demands on the State Highway Trust Fund dollars.
slide4

SFY 2013 –14 Estimated Revenues

$1.5 B Agency Base

Misc

State Funds

$133.7M

Average

reimbursement

rate is 83%

slide5

SFY 2013 –14 Estimated Revenues

$1.5 B Agency Base

Misc

State Funds

$133.7M

Average

reimbursement

rate is 83%

slide6

SFY 2013 –14 Estimated Revenues

$1.5 B Agency Base

Misc

State Funds

$133.7M

Average

reimbursement

rate is 83%

slide7

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide8

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide9

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide10

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide11

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide12

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide13

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide14

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide15

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide16

SFY 2013 –14 Proposed Expenditures

$1.5 B Agency Base

$54.2M

$60.7M

$115.2M

48%

Maintenance

slide17

SFY 2013 –14 Provisos

  • Requesting Codification of 5 Existing Provisos:
      • Expenditure Authority Limitation
      • Special Fund Authorization
      • Document Fees
      • Meals in Emergency Operations
      • Rest Area Water Rates
slide18

Why State Dollars are Critical….

Nearly half of the State System is solely dependent on State Funding!

Primary Pavement Condition

Interstate Pavement Condition

Secondary Pavement Condition

slide19

SFY 2013 –14 CTC Budget

  • No change over previous year’s budget.
  • Forecasted Revenues of $97.5 M
    • $69 M from 2.66 cents from motor fuel user fee
    • $9.5 M from CTC Donor Bonus transfer from SCDOT
    • $4.5 M in Interest
    • Remainder forecasted to account for partnered activities
  • Forecasted Expenditures of $92 M.
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