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
   
     Subtotal - Undedicated Revenue $281,984,017 $288,246,084
   
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
   
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)
  ENDING BALANCE $21,088,925   $6,478,244
         
Notes:
Additional detail on individual legislation is available from the Office of Fiscal and Program Review.