2008 stip and aeronautics account fund estimates
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2008 STIP and Aeronautics Account Fund Estimates PowerPoint PPT Presentation


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Tab 2 (4.1). 2008 STIP and Aeronautics Account Fund Estimates. Presented for adoption by the California Transportation Commission October 24, 2007. 2008 STIP FE Recap. STIP Fund Estimate adoption delayed until enactment of state Budget September 2007 Commission Meeting:

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2008 STIP and Aeronautics Account Fund Estimates

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2008 stip and aeronautics account fund estimates

Tab 2 (4.1)

2008 STIP and Aeronautics Account Fund Estimates

Presented for adoption by the

California Transportation Commission

October 24, 2007


2008 stip fe recap

2008 STIP FE Recap

  • STIP Fund Estimate adoption delayed until enactment of state Budget

  • September 2007 Commission Meeting:

    • STIP FE Assumptions adopted by the Commission

    • Draft STIP FE Results presented to the Commission


Updates to draft stip fe

Updates to Draft STIP FE

  • Senate Bill (SB 717)

    • Signed by the Governor on October 14, 2007.

    • STA receives 75% of PTA share of TIF revenues.

    • PTA revenue will be reduced by $85 million annually over the FE period.

  • Revised STIP Capacity

    • PTA STIP target capacity reduced by $224 million over the FE period.

    • Total STIP target capacity reduced from $6.5 billion to $6.27 billion.


Target program capacity millions

Target Program Capacity($ millions)

  • Target Capacity includes Commitments + New Capacity.

  • Total SHOPP Target Capacity is $10.5 billion over the FE period.

  • Revised total STIP Target Capacity is $6.27 billion over the FE period.


Bottom line

Bottom Line

  • 2007-08 TIF and PTA capacities insufficient to fund current year STIP.

  • 2008 FE adds $5.7B SHOPP and $1.3B STIP over the FE period.

  • New STIP capacity dependent on future TIF transfers and PTA spillover revenues.

  • SHA resources used to fund the SHOPP Program in 2008 STIP FE.


Next steps

Next Steps

  • Adopt Resolution, approving the 2008 STIP Fund Estimate

  • Complete 2008 Fund Estimate Book

  • Publish and distribute 2008 Fund Estimate Book

    Questions?


2008 aeronautics account fund estimate

2008 Aeronautics Account Fund Estimate


Aeronautics account fe

Aeronautics Account FE

  • Three-Year estimate prepared on a cash basis.

  • Aviation gasoline and jet fuel excise taxes are primary sources of revenue.

  • Expenditures comprised of State Operations, Annual Credit Grant Program, Airport Improvement Program (AIP) match, and Acquisition and Development (A&D)

  • Presented to the Technical Advisory Committee for Aeronautics (TACA) on October 17, 2007.


Results thousands

Results($ thousands)

  • Total resources includes beginning balance of $5.212 million in 2007-08.

  • State Operations projections based on 2007-08 Governor’s Budget and escalated at 2.4%.

  • AIP Match and A& D funding in the final two years of the FE period will be determined in the next adopted Aeronautics Program.


Next steps1

Next Steps

  • Adopt Resolution, approving the 2008 Aeronautics Account Fund Estimate

  • 2008 Aeronautics Program will be presented for adoption in April 2008


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