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Highway Trust Fund

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Highway Trust Fund

Highway Trust Fund (HTF) Cash Management Procedures

The Federal Highway Administration (FHWA) has notified State departments of transportation that HTF balances may dip below the threshold of $1 billion. If this occurs, FHWA will need to implement cash management procedures to limit timely reimbursements under the Federal-Aid Highway Program.

Additional information on HTF cash management procedures.


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

PDF: Highway Account Balance Chart

Status of the Highway Trust Fund - Fiscal Year 2021

HPLS-10
Table FE-1

October
2020
November
2020
December
2020
January
2021
February
2021
March
2021
April
2021
May
2021
June
2021
July
2021
August
2021
September
2021
Fiscal Year
to Date
Percent Change
from Prior Year
Highway Account
Opening Balance $12,621,291,854 $19,655,343,066 $19,177,114,754 $18,278,018,839 $18,456,429,685 $18,245,449,700 $17,667,222,212 $14,716,076,549 $14,629,156,883 $13,472,664,702 $11,138,614,203 $12,621,291,854 -48.8%
Receipts:
Net Tax Receipts 871,386,000 3,547,634,000 3,040,091,000 2,818,492,069 2,840,504,000 2,445,232,000 171,316,320 3,117,031,000 3,145,517,000 2,218,374,123 3,549,711,000 27,765,288,511 -7.4%
Interest Income 778,893 1,263,926 1,116,516 1,007,945 483,673 398,857 223,738 76,400 239,605 425,093 345,736 6,360,380 -95.5%
Other Receipts 10,401,059,649 963,058 1,045,809 91,862,896 959,097 1,156,322 1,105,305 1,143,539 986,015 1,710,938 1,096,186 10,503,088,814 9784.5%
Total Receipts 11,273,224,542 3,549,860,984 3,042,253,325 2,911,362,909 2,841,946,770 2,446,787,178 172,645,363 3,118,250,939 3,146,742,621 2,220,510,154 3,551,152,922 - 38,274,737,705 26.6%
Transfers:
To Mass Transit Account 300,000,000 300,000,000 300,000,000 300,000,000 1,200,000,000 -25.7%
From Mass Transit Account 7,956,778 20,133,446 50,630,204 9,113,029 17,580,298 5,575,166 1,271,266 2,430,656 114,690,843 96.2%
Outlays 4,239,173,330 3,736,046,074 3,941,349,240 2,432,952,063 3,073,060,200 3,075,644,871 2,832,904,054 3,222,750,903 4,308,809,967 4,255,831,919 4,613,094,770 39,731,617,393 -5.6%
Receipts - - - - - - - - - - - -100.0%
Closing Balance 19,655,343,066 19,177,114,754 18,278,018,839 18,456,429,685 18,245,449,700 17,667,222,212 14,716,076,549 14,629,156,883 13,472,664,702 11,138,614,203 10,079,103,010 - 10,079,103,010 -11.1%
Mass Transit Account
Opening Balance 5,126,028,808 7,982,431,618 8,226,827,412 7,821,417,684 8,064,901,850 7,789,538,909 7,412,309,192 $7,185,886,650 7,045,324,613 6,592,310,005 6,736,860,343 5,126,028,808 -37.9%
Receipts
Net Tax Receipts 113,449,000 508,146,000 435,557,000 436,384,458 412,461,000 355,169,000 80,550,238 440,621,000 444,645,000 303,059,263 461,071,000 3,991,112,959 -5.7%
Interest Income 358,020 526,713 464,577 429,288 210,365 170,367 95,181 37,038 118,476 238,394 215,332 2,863,751 -94.4%
Other Receipts 3,200,000,000 - - - - - - - - - - 3,200,000,000 0.0%
Total Receipts 3,313,807,020 508,672,713 436,021,577 436,813,746 412,671,365 355,339,367 80,645,419 440,658,038 444,763,476 303,297,656 461,286,332 - 7,193,976,710 68.0%
Transfers
To Highway Account - 7,956,778 - - 20,133,446 50,630,204 9,113,029 17,580,298 5,575,166 1,271,266 2,430,656 - 114,690,843 96.2%
From Highway Account - 300,000,000 - 300,000,000 - - 300,000,000 - - 300,000,000 - - 1,200,000,000 -25.7%
Outlays 457,404,211 556,320,141 841,431,305 493,329,581 667,900,860 681,938,880 597,954,931 563,639,777 892,202,918 457,476,053 647,242,814 6,856,841,471 -21.2%
Closing Balance $7,982,431,618 $8,226,827,412 $7,821,417,684 $8,064,901,850 $7,789,538,909 $7,412,309,192 $7,185,886,650 $7,045,324,613 $6,592,310,005 $6,736,860,343 $6,548,473,204 - 6,548,473,204 21.6%

PDF: Table FE-1


Shortfall and Cash Management Procedures

To provide transparency regarding a potential HTF shortfall, the FHWA has prepared informational materials that are posted below. This includes a memorandum on Procedures for Reimbursement during a Highway Trust Fund Cash Shortfall that outlines cash management procedures such as frequency of reimbursements; how available cash would be allocated for reimbursements among States; and the process for reimbursements. In addition, there is a detailed Frequently Asked Questions document.

Page last modified on September 10, 2021
Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000