Tab 8 (Ref 3.6)

1Division of Budgets

Department of TransportationDepartment of Transportation

Quarterly Finance ReportQuarterly Finance ReportThird QuarterThird Quarter

2006-072006-07

Presented to thePresented to the

California Transportation California Transportation CommissionCommission

June 7, 2007June 7, 2007

Tab 8Ref 3.6

2

Ending Cash BalanceEnding Cash BalanceActuals vs. ForecastActuals 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

3

Allocations vs. PlanAllocations vs. PlanBy ProgramBy Program

58 percent of capacity allocated through third quarter58 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

4

State Highway Accounto Improving in near-termo Federal funding at risk over long-term

Public Transportation Accounto High current fuel prices Fall revenue Transferso 2007-08 Budget Proposals

Other Trendso Slowing Housing Sectoro Contract Award Savings

Outlook for FundingOutlook for Funding

5

Maintain Current Allocation Plan of $5.7B

Monitor Federal Funding Situation

Update Forecast Models for 2007-08o Seasonal constructiono Transfer scheduleso Capital Outlay Supporto Other changes to conform to the 2007-08 Budget

Because proposed changes continue, no new allocation plan will be presented at this time

RecommendationsRecommendations

Tab 72 (Ref 3.8)

6Division of Budgets

QuestionsQuestions