department of transportation quarterly finance report third quarter 2006 07 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Department of Transportation Quarterly Finance Report Third Quarter 2006-07 PowerPoint Presentation
Download Presentation
Department of Transportation Quarterly Finance Report Third Quarter 2006-07

Loading in 2 Seconds...

play fullscreen
1 / 6

Department of Transportation Quarterly Finance Report Third Quarter 2006-07 - PowerPoint PPT Presentation


  • 101 Views
  • Uploaded on

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

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Department of Transportation Quarterly Finance Report Third Quarter 2006-07' - kamella-varga


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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
department of transportation quarterly finance report third quarter 2006 07

Tab 8Ref 3.6

Department of TransportationQuarterly Finance ReportThird Quarter2006-07

Presented to the

California Transportation Commission

June 7, 2007

ending cash balance actuals 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

Ending Cash BalanceActuals vs. Forecast
allocations vs plan by program
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
slide4

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
slide5

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