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Caltrans Monthly Finance Report

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Assumes all Finance Letters at the level presented at the May Revise. u ... resulting from the renegotiation of tribal gaming compacts (Budget Bill Section 16) ... – PowerPoint PPT presentation

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Title: Caltrans Monthly Finance Report


1
Caltrans Monthly Finance Report
  • Presented to the
  • California Transportation Commission
  • August 5, 2004

2
Overview
  • Cash balance changes, compared to May Forecast
  • SHA -165 million
  • PTA 42 million
  • TCRF 67 million
  • New forecasts will be presented to the Commission
    at the next meeting, after the impact of the new
    budget is fully analyzed.

3
Federal Budget Update
  • Federal Budget Has Passed Authorization Has Not
  • Consolidated Appropriation Act (CAA) signed
    January 23, 2004.
  • CAA includes 2004 Transportation appropriation.
  • Federal program authorization approved only
    through July 31, 2004.
  • Level of future federal funds still being
    deliberated.

4
State Budget Update
  • An agreement on the Budget has been reached.
  • The following cash forecasts are based on our
    understanding of the Budget agreements.
  • The 2004-05 Budget Act has been signed however
    the final impact of other budget decisions can
    not be determined.
  • Trailer bills and other budget related
    legislation could impact the forecasts.

5
State Highway Account Cash Forecast
2003-04
2004-05
2005-06
Jul-03
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul-04
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul-05
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
-16
20
60
100
140
180
220
260
300
340
370
373
390
410
430
450
470
490
510
530
550
570
590
613
600
590
580
570
560
550
550
540
530
530
530
520
2004 SHA Fund Estimate
6
State Highway Account May Revise Impact Forecast
  • Budget changes that affect the SHA cash forecast
  • 184M TCRF loan repayment Reduced to 20M.
  • 300M capital appropriation contingent upon
    ethanol fix.
  • Increase in State Operations
  • 52.5M for Maintenance
  • 174.9M for Capital Outlay Support
  • 17.5M for miscellaneous support items
  • Does not assume revenues resulting from the
    renegotiation of tribal gaming compacts (Budget
    Bill Section 16). Section 16 was deleted from the
    final Budget Act.
  • The SHA forecast assumes that the ethanol impact
    is fully mitigated.

7
Uncertainties in the Forecast
  • A budget agreement has been reached, but items
    such as trailer bills and other budget related
    legislation are not final, and could change the
    forecast.
  • The amount of future federal funds for 2004-05
    and beyond is still being deliberated by
    Congress.
  • The great deal of uncertainty surrounding some of
    our major revenue sources indicates a need for a
    prudent allocation plan.
  • The plan on the following page begins with an
    even, moderate, rate of gross allocations, so
    that we can re-assess our situation in December,
    when more information will be available.

8
Cash Flow with Assumed Allocation Targets
9
SHA What Happens if Ethanol Isnt Fixed?
10
PTA and TCRF Forecasts
  • No known changes to the proposed May Revise have
    affected the forecasts for the PTA and TCRF.
  • The following forecasts assume the implementation
    of all items contained in the budget agreement.
  • Do not assume revenues resulting from the
    renegotiation of tribal gaming compacts (Budget
    Bill Section 16). Section 16 was deleted from the
    final Budget Act.

11
Public Transportation Account Cash Forecast
12
Traffic Congestion Relief Fund Forecast
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