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HIGHWAY
FUND STATUS |
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Based on all actions through the
close of the fiscal year ending June 30, 2008 1 |
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FY 08 |
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FY 09 |
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| AVAILABLE
FUNDS |
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| Transfers/Adjustments to
Balance: |
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Legislation Enacted During 123rd Legislature, 1st Regular
Session |
$524,131 |
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$0 |
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Highway Fund Supplemental Budget (PL 2007, c. 538) |
$5,679,696 |
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$517,669 |
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Legislation Enacted During 123rd Legislature, 1st Special
Session |
$0 |
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($5,000,000) |
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Unbudgeted Lapsed Balances |
$867,046 |
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$0 |
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Other Accounting Adjustments |
($223,278) |
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$0 |
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Statutory Year-end Transfers |
($333,586) |
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$1,924,308 |
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Subtotal - Transfers/Adjustments to Balance |
$6,514,010 |
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($2,558,023) |
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| Undedicated
Revenue: |
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December
2006 Base Revenue Estimate |
$340,996,299 |
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$347,196,520 |
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March 2007 Revenue Revision |
($2,100,239) |
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($2,912,734) |
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December 2007 Revenue Revision |
($10,645,188) |
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($5,471,900) |
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March 2008 Revenue Revision |
($2,280,838) |
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($1,981,227) |
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Legislation
Enacted During 123rd Legislature, 1st Regular Session |
$387,005 |
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$361,975 |
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Highway Fund Supplemental Budget (PL 2007, c. 538) |
$0 |
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$9,987,145 |
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Other Legislation Enacted During 123rd Legislature, 2nd
Regular Session 2 |
($1,000) |
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($9,813,595) |
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Legislation Enacted During 123rd Legislature, 1st Special
Session |
$0 |
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$12,876,542 |
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Revenue Variances |
$1,780,540 |
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$0 |
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Subtotal - Undedicated Revenue |
$328,136,579 |
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$350,242,726
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| TOTAL
PROJECTED RESOURCES |
$334,650,588
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$347,684,703
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| ALLOCATIONS |
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Baseline Allocations |
$301,209,087 |
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$305,746,584 |
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Adjustments to Baseline Allocations |
$39,930,729 |
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$38,697,202 |
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Legislation Enacted During 123rd Legislature, 1st Regular
Session |
$28,980 |
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($6,000) |
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Highway Fund Supplemental Budget (PL 2007, c. 538) |
($6,599,305) |
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($4,984,848) |
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Other Legislation Enacted During 123rd Legislature, 2nd
Regular Session 2 |
$0 |
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($1,683,672) |
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Legislation Enacted During 123rd Legislature, 1st Special
Session |
$0 |
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$7,971,000 |
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Statutory Year-end Transfers |
$1,590,722 |
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$1,924,308 |
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| TOTAL
ALLOCATIONS |
$336,160,213
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$347,664,574
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| NET CHANGE
(PROJECTED RESOURCES LESS ALLOCATIONS) |
($1,509,625) |
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$20,129 |
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BEGINNING BALANCE 1 |
$2,109,625 |
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$600,000
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NET CHANGE (FROM ABOVE) |
($1,509,625) |
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$20,129 |
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ENDING BALANCE 1 |
$600,000 |
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$620,129 |
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| Notes: |
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| 1 |
Reflects all FY
08 closing transactions and all actions through the end of the 1st Special
Session of the 123rd Legislature, including revenue forecasts through the
March 2008 revenue revision. |
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| 2 |
Includes
the effect of LD 1790, PL 2007, c. 470, which was held by the Governor at the
close of the 1st Regular Session of the 123rd Legislature and became law
during the 2nd Regular Session. The
revenue effect of LD 1790, PL 2007, c. 240, was revised 3/11/2008 to reflect
the interaction effects of the December 2007 and March 2008 revenue
forecasts. |
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