| HIGHWAY FUND STATUS | ||||
| Final status reflecting all adjustments through the close of FY 03 | ||||
| FY 02 | FY 03 | |||
| AVAILABLE FUNDS | ||||
| Transfers/Adjustments to Balance: | ||||
| Legislation Enacted During 120th Legislature, 2nd Regular Session | ($500,000) | $146,023 | ||
| Legislation Enacted During 120th Legislature, 1st Special Session | ($9,922,356) | |||
| Legislation Enacted During 121st Legislature, 1st Regular Session | ($3,271,841) | |||
| Closing Transactions and Accounting Adjustments | $1,717,896 | ($2,092,002) | ||
| Lapsed Allocation Balances - Unbudgeted | $585,871 | $592,860 | ||
| __________ | ___________ | |||
| Subtotal - Transfers/Adjustments to Balance | $1,803,767 | ($14,547,316) | ||
| Undedicated Revenue: | ||||
| December 2000 Base Revenue Estimate | $266,792,071 | $270,366,675 | ||
| February 2002 Revenue Revision | $913,990 | $138,956 | ||
| August 2002 Revenue Revision | $3,972,507 | |||
| December 2002 Revenue Revision | $44,035 | |||
| Legislation Enacted During 120th Legislature, 1st Regular Session | $4,641,796 | $5,819,702 | ||
| Legislation Enacted During 120th Legislature, 2nd Regular Session | $3,814,692 | |||
| Legislation Enacted During 121st Legislature, 1st Regular Session | $90,000 | |||
| Highway Fund Revenue Variance (Actual - Budgeted) | $9,636,160 | $3,999,517 | ||
|
__________ |
__________ |
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| Subtotal - Undedicated Revenue | $281,984,017 | $288,246,084 | ||
|
__________ |
__________ |
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| TOTAL RESOURCES | $283,787,784 | $273,698,768 | ||
| ALLOCATIONS | ||||
| Current Services Allocations - Prior to Adjustments | $292,256,577 | $298,039,794 | ||
| Other Allocations Enacted During 120th Legislature, 1st Regular Session | ($4,192,563) | ($18,169,628) | ||
| Allocations Enacted During 120th Legislature, 2nd Regular Session | $2,321,503 | $8,905,465 | ||
| Allocations Enacted During 120th Legislature, 1st Special Session | ($622,356) | |||
| Allocations Enacted During 121st Legislature, 1st Regular Session | $156,174 | |||
|
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__________ |
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| TOTAL ALLOCATIONS | $290,385,517 | $288,309,449 | ||
| NET CHANGE (PROJECTED RESOURCES LESS ALLOCATIONS) | ($6,597,733) | ($14,610,681) | ||
| BEGINNING BALANCE | $27,686,658 | $21,088,925 | ||
| NET CHANGE (FROM ABOVE) | ($6,597,733) | ($14,610,681) | ||
| PROJECTED ENDING BALANCE | $21,088,925 | $6,478,244 | ||
| Notes: | ||||
| Additional detail on individual legislation is available from the Office of Fiscal and Program Review. | ||||
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