Highway Trust Fund

Status of the Highway Trust Fund

The actual receipts, outlays and balances will be posted each month shortly after month-end as the information becomes available.

Graph | Table

Line chart showing a comparison of the Highway Account Balances for Fiscal Years 2010 through June 2014 (FY 2014). Data is available in Table FE-1 below.

PDF: Highway Account Balance Chart

Status of the Highway Trust Fund - Fiscal Year 2014
HPLS-10	Table FE-1

	October 2013	November 2013	December 2013	January 2014	February 2014	March 2014	April 2014	May 2014	June 2014	Fiscal Year to Date	Percent Change from Prior Year
Highway Account
Opening Balance	$3,771,061,477	$9,712,011,560	$9,219,709,250	$8,307,284,580	$8,255,369,699	$8,589,757,986	$8,698,744,408	$8,119,224,952	$8,140,402,561	$3,771,061,477	-61.2%
Receipts:
Net Tax Receipts	498,616,000	3,350,035,000	2,731,151,000	2,577,803,000	2,744,525,000	3,025,718,709	2,653,410,000	2,929,741,000	2,442,704,041	22,953,703,750	6.6%
Interest Income	798,358	275,937	136,715	77,373	216,371	296,475	135,526	150,817	132,555	2,220,127	-48.4%
Other Receipts 1/	9,652,551,018	1,251,203	1,192,555	1,474,511	1,168,010	1,464,630	1,664,108	1,182,276	2,287,144	9,664,235,455	55.5%
Total Receipts	10,151,965,376	3,351,562,140	2,732,480,270	2,579,354,884	2,745,909,381	3,027,479,815	2,655,209,634	2,931,074,093	2,445,123,739	32,620,159,332	17.6%
Transfers:
To Mass Transit Account	-	195,000,000	-	120,000,000	120,000,000	120,000,000	60,000,000	122,000,000	155,000,000	892,000,000	204.3%
From Mass Transit Account	-	2,802,222	11,249,141	1,052,791	-	7,083,360	17,949,804	8,012,256	540,831	48,690,405	29.8%
Outlays	4,211,015,293	3,651,666,672	3,656,154,081	2,512,322,556	2,291,521,094	2,805,576,753	3,192,678,894	2,795,908,740	4,474,819,818	29,591,663,901	3.7%
Closing Balance	9,712,011,560	9,219,709,250	8,307,284,580	8,255,369,699	8,589,757,986	8,698,744,408	8,119,224,952	8,140,402,561	5,956,247,313	5,956,247,313	-31.4%
Mass Transit Account
Opening Balance	2,492,074,635	3,874,228,031	3,857,056,248	3,461,036,254	3,287,212,145	3,230,859,806	3,261,854,440	3,164,821,392	2,848,262,449	2,492,074,635	-52.0%
Receipts
Net Tax Receipts	68,320,000	500,642,000	408,314,000	385,391,000	416,226,000	466,354,477	402,353,000	439,607,000	359,047,641	3,446,255,119	7.8%
Interest Income	358,350	122,306	65,991	31,311	87,194	120,881	52,122	54,823	55,394	948,372	-43.3%
Other Receipts 2/	2,041,600,000	-	-	-	-	-	-	-	-	2,041,600,000	0.0%
Total Receipts	2,110,278,350	500,764,306	408,379,991	385,422,311	416,313,194	466,475,358	402,405,122	439,661,823	359,103,036	5,488,803,491	71.5%
Transfers
To Highway Account	-	2,802,222	11,249,141	1,052,791	-	7,083,360	17,949,804	8,012,256	540,831	48,690,405	29.8%
From Highway Account	-	195,000,000	-	120,000,000	120,000,000	120,000,000	60,000,000	122,000,000	155,000,000	892,000,000	204.3%
Outlays	728,124,954	710,133,867	793,150,843	678,193,629	592,665,534	548,397,364	541,488,366	870,208,510	1,038,147,334	6,500,510,401	16.4%
Closing Balance	$3,874,228,031	$3,857,056,248	$3,461,036,254	$3,287,212,145	$3,230,859,806	$3,261,854,440	$3,164,821,392	$2,848,262,449	$2,323,677,319	$2,323,677,319	-24.2%

1/ Includes a transfer of $10.4 billion from the General Fund in October pursuant to section 40251 of P.L. 112-141 as reduced by the sequester of $748,800,000.

2/ Includes a transfer of $2.2 billion from the General Fund in October pursuant to section 40251 of P.L. 112-141 as reduced by the sequester of $158,400,000.

PDF: Table FE-1

Should a situation occur where FHWA cannot fully reimburse States, the agency may take some or all of the following actions:

Move from daily to weekly reimbursements
Align reimbursements with Trust Fund deposits (twice monthly)
Make proportional payments to States based on available Trust Fund cash

These are some of the possible actions FHWA might take in the event of a cash shortfall. The specific actions would depend on the exact nature of the shortfall.

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