U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
December 2012
Table FE-10
| Item | Highway Account | Mass Transit Account 2/ | Total | ||||
|---|---|---|---|---|---|---|---|
| I. Opening balance: | |||||||
| A. Investments - U.S. Treasury special certificates of Indebtedness | 17,953,739,929.36 | 6,500,851,173.40 | 24,454,591,102.76 | ||||
| B. Uninvested - held by Bureau of Public Debt | 1,592,030,000.00 | 205,420,000.00 | 1,797,450,000.00 | ||||
| C. Uninvested - held by program agencies | 1,197,499,324.36 | 1,783,066,504.51 | 2,980,565,828.87 | ||||
| D. Total balance | 20,743,269,253.72 | 8,489,337,677.91 | 29,232,606,931.63 | ||||
| II. Receipts: | |||||||
| A. Gross excise taxes (transferred General Fund receipts) | |||||||
| 1. Gasoline | 21,081,441,920.36 | 3,904,982,911.42 | 24,986,424,831.78 | ||||
| 2. Diesel and special motor fuels | 8,649,135,969.99 | 1,152,385,742.95 | 9,801,521,712.94 | ||||
| 3. Tires | 440,764,404.37 | 0.00 | 440,764,404.37 | ||||
| 4. Trucks and trailers | 2,416,741,987.06 | 0.00 | 2,416,741,987.06 | ||||
| 5. Federal use tax | 364,228,409.50 | 0.00 | 364,228,409.50 | ||||
| 6. Total excise taxes | 32,952,312,691.28 | 5,057,368,654.37 | 38,009,681,345.65 | ||||
| B. Deduct – reimbursement to General Fund receipts (refunds and tax credits) | |||||||
| 1. Diesel | 0.00 | 0.00 | 0.00 | ||||
| 2. Gasoline | 0.00 | 0.00 | 0.00 | ||||
| 3. Total | 0.00 | 0.00 | 0.00 | ||||
| C. Transfers to other funds | |||||||
| 1. To Land and Water Conservation Fund | 844,000.00 | 156,000.00 | 1,000,000.00 | ||||
| 2. To Sport Fish Restoration and Boating Trust Fund | 435,156,000.00 | 60,847,000.00 | 496,003,000.00 | ||||
| 3. To Airport and Airway Trust Fund & General Fund (aviation kerosene) | 554,800,197.99 | 74,007,967.59 | 628,808,165.58 | ||||
| 4. To General Fund (NHTSA) | 830,694.13 | 0.00 | 830,694.13 | ||||
| 5. Total | 991,630,892.12 | 135,010,967.59 | 1,126,641,859.71 | ||||
| D. Net excise taxes | 31,960,681,799.16 | 4,922,357,686.78 | 36,883,039,485.94 | ||||
| E. Interest income | |||||||
| 1. Interest on investments (cash basis) 3/ | 11,038,602.62 | 4,773,054.47 | 15,811,657.09 | ||||
| 2. Interest under Cash Management Improvement Act (net) | 172,952.00 | 2.00 | 172,954.00 | ||||
| 3. Total | 11,211,554.62 | 4,773,056.47 | 15,984,611.09 | ||||
| E. Other income | |||||||
| 1. Motor carrier safety fines and penalties | 18,169,673.13 | 0.00 | 18,169,673.13 | ||||
| 2. Civil tax penalties related to highway excise taxes | 4,583,334.00 | 0.00 | 4,583,334.00 | ||||
| 3. TIFIA downward adjustment | 15,300,372.59 | 0.00 | 15,300,372.59 | ||||
| 5. Total | 38,053,379.72 | 0.00 | 38,053,379.72 | ||||
| F. Total receipts | 32,009,946,733.50 | 4,927,130,743.25 | 36,937,077,476.75 | ||||
| III. Transfers between Highway Trust Fund accounts | |||||||
| A. From Highway Account to Mass Transit Account | (1,140,374,818.42) | 1,140,374,818.42 | 0.00 | ||||
| B. From Mass Transit Account to Highway Account | 34,355,904.00 | (34,355,904.00) | 0.00 | ||||
| C. Total | (1,106,018,914.42) | 1,106,018,914.42 | 0.00 | ||||
| IV. Expenditures: | |||||||
| A.Federal Highway Administration | |||||||
| 1. Federal aid to highways | 36,135,739,783.91 | 0.00 | 36,135,739,783.91 | ||||
| 2. Right-of-way revolving fund | (15,233,586.45) | 0.00 | (15,233,586.45) | ||||
| 3. Appalachian Development Highway System | 851,610.11 | 0.00 | 851,610.11 | ||||
| 4. Miscellaneous Highway Trust Funds | 24,685,234.46 | 0.00 | 24,685,234.46 | ||||
| 5. Total | 36,146,043,042.03 | 0.00 | 36,146,043,042.03 | ||||
| B. Federal Motor Carrier Safety Administration | 494,834,815.89 | 0.00 | 494,834,815.89 | ||||
| C. Federal Transit Administration | 0.00 | 7,207,212,532.78 | 7,207,212,532.78 | ||||
| D. National Highway Traffic Safety Administration | |||||||
| 1. Highway related safety grants | 0.00 | 0.00 | 0.00 | ||||
| 2. Operations and research | 103,733,779.62 | 0.00 | 103,733,779.62 | ||||
| 3. Highway traffic safety grants | 576,063,029.08 | 0.00 | 576,063,029.08 | ||||
| 4. National driver register | 2,982,900.28 | 0.00 | 2,982,900.28 | ||||
| 5. Total | 682,779,708.98 | 0.00 | 682,779,708.98 | ||||
| E. Federal Railroad Administration | 0.00 | 0.00 | 0.00 | ||||
| F. Other agencies | 1,000,599.15 | 0.00 | 1,000,599.15 | ||||
| G. Total expenditures | 37,324,658,166.05 | 7,207,212,532.78 | 44,531,870,698.83 | ||||
| V. Closing Balances in Trust Fund: | |||||||
| A. Investments | |||||||
| U. S. Treasury special certificates of indebtedness | 10,698,876,156.90 | 5,603,032,492.08 | 16,301,908,648.98 | ||||
| B. Undisbursed balances | |||||||
| 1. Uninvested - held by Bureau of Public Debt | 2,086,698,322.32 | 285,845,424.57 | 2,372,543,746.89 | ||||
| 2. Uninvested - held by program agencies | |||||||
| a. Federal aid to highways | 1,359,837,233.35 | 0.00 | 1,359,837,233.35 | ||||
| b. Right-of-way revolving fund | 5,978,779.63 | 0.00 | 5,978,779.63 | ||||
| c. Miscellaneous highway trust funds | 27,874,030.22 | 0.00 | 27,874,030.22 | ||||
| d. Appalachian Development Highway System | 6,679,919.05 | 0.00 | 6,679,919.05 | ||||
| e. Federal Motor Carrier Safety Administration | 45,440,156.15 | 0.00 | 45,440,156.15 | ||||
| f. Federal Transit Administration | 0.00 | 1,426,396,886.15 | 1,426,396,886.15 | ||||
| g. National Highway Traffic Safety Administration | 90,030,086.29 | 0.00 | 90,030,086.29 | ||||
| h. Federal Railroad Administration | 312,151.02 | 0.00 | 312,151.02 | ||||
| i. Other agencies | 812,071.82 | 0.00 | 812,071.82 | ||||
| j. Total | 1,536,964,427.53 | 1,426,396,886.15 | 2,963,361,313.68 | ||||
| 3. Total uninvested balance | 3,623,662,749.85 | 1,712,242,310.72 | 5,335,905,060.57 | ||||
| C. Total balance | 14,322,538,906.75 | 7,315,274,802.80 | 21,637,813,709.55 | ||||
1/ The Fund was created June 29, 1956, by the enactment of the Highway Revenue Act of 1956.
2/ The Mass Transit Account was established April 1, 1983, by the Surface Transportation Assistance Act of 1982.
3/ Effective March, 18, 2010, the Highway Trust Fund earns interest on its invested balances.
