U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
Posted February 2020
Table FE-10
Item | Highway Account |
Mass Transit Account 2/ |
Total | ||||
---|---|---|---|---|---|---|---|
I. | Opening balance: | ||||||
A. | Investments - U.S. Treasury special certificates of indebtedness | 38,241,116,929.13 | 14,090,634,828.16 | 52,331,751,757.29 | |||
B. | Uninvested - held by Bureau of the Fiscal Service | 2,200,381,135.43 | 310,241,288.06 | 2,510,622,423.49 | |||
C. | Uninvested - held by program agencies | 1,001,550,809.54 | 449,563,282.70 | 1,451,114,092.24 | |||
D. | Total balance | 41,443,048,874.10 | 14,850,439,398.92 | 56,293,488,273.02 | |||
II. | Receipts: | ||||||
A. | Gross excise taxes (transferred General Fund receipts) | ||||||
1. | Gasoline | 22,515,645,806.06 | 4,170,645,086.02 | 26,686,290,892.08 | |||
2. | Diesel and special motor fuels | 9,783,478,765.10 | 1,302,968,834.58 | 11,086,447,599.68 | |||
3. | Tires | 540,039,314.38 | 0.00 | 540,039,314.38 | |||
4. | Trucks and trailers | 4,337,215,999.68 | 0.00 | 4,337,215,999.68 | |||
5. | Federal use tax | 1,247,078,524.46 | 0.00 | 1,247,078,524.46 | |||
6. | Total excise taxes | 38,423,458,409.68 | 5,473,613,920.60 | 43,897,072,330.28 | |||
B. | Transfers to other funds | ||||||
1. | To Land and Water Conservation Fund | 840,000.00 | 160,000.00 | 1,000,000.00 | |||
2. | To Sport Fish Restoration and Boating Trust Fund | 386,914,000.00 | 48,840,000.00 | 435,754,000.00 | |||
3. | To Airport and Airway Trust Fund & General Fund (aviation kerosene) | 770,591,157.70 | 102,795,859.87 | 873,387,017.57 | |||
4. | Total | 1,158,345,157.70 | 151,795,859.87 | 1,310,141,017.57 | |||
C. | Net excise taxes | 37,265,113,251.98 | 5,321,818,060.73 | 42,586,931,312.71 | |||
D. | Interest income | ||||||
1. | Interest on investments (cash basis) 3/ | 542,427,415.06 | 202,799,504.09 | 745,226,919.15 | |||
2. | Interest under Cash Management Improvement Act (net) | 382,719.00 | (318.00) | 382,401.00 | |||
3. | Total | 542,810,134.06 | 202,799,186.09 | 745,609,320.15 | |||
E. | Other income | ||||||
1. | Motor carrier safety fines and penalties | 23,640,669.05 | 0.00 | 23,640,669.05 | |||
2. | Civil tax penalties related to highway excise taxes | 619,828.00 | 0.00 | 619,828.00 | |||
3. | Traffic safety fines and penalties | 2,775,910.10 | 0.00 | 2,775,910.10 | |||
4. | Transfer from Leaking Underground Storage Tank Trust Fund | 93,400,000.00 | 0.00 | 93,400,000.00 | |||
5. | Total | 120,436,407.15 | 0.00 | 120,436,407.15 | |||
F. | Total receipts | 37,928,359,793.19 | 5,524,617,246.82 | 43,452,977,040.01 | |||
III. | Transfers between Highway Trust Fund accounts | ||||||
A. | From Highway Account to Mass Transit Account | (1,700,000,000.00) | 1,700,000,000.00 | 0.00 | |||
B. | From Mass Transit Account to Highway Account | 66,302,121.00 | (66,302,121.00) | 0.00 | |||
C. | Total | (1,633,697,879.00) | 1,633,697,879.00 | 0.00 | |||
IV. | Expenditures: | ||||||
A. | Federal Highway Administration | ||||||
1. | Federal aid to highways | 43,704,511,738.41 | 0.00 | 43,704,511,738.41 | |||
2. | Right-of-way revolving fund | 0.00 | 0.00 | 0.00 | |||
3. | Appalachian Development Highway System | 360.40 | 0.00 | 360.40 | |||
4. | Miscellaneous Highway Trust Funds | 8,510,810.85 | 0.00 | 8,510,810.85 | |||
5. | Total | 43,713,022,909.66 | 0.00 | 43,713,022,909.66 | |||
B. | Federal Motor Carrier Safety Administration | 580,662,680.67 | 0.00 | 580,662,680.67 | |||
C. | Federal Transit Administration | 0.00 | 10,106,692,262.50 | 10,106,692,262.50 | |||
D. | National Highway Traffic Safety Administration | ||||||
1. | Highway related safety grants | 0.00 | 0.00 | 0.00 | |||
2. | Operations and research | 152,037,720.15 | 0.00 | 152,037,720.15 | |||
3. | Highway traffic safety grants | 686,615,407.54 | 0.00 | 686,615,407.54 | |||
4. | National driver register | 0.00 | 0.00 | 0.00 | |||
5. | Total | 838,653,127.69 | 0.00 | 838,653,127.69 | |||
E. | Federal Railroad Administration | 0.00 | 0.00 | ||||
F. | Other agencies | 0.00 | 0.00 | 0.00 | |||
G. | Total expenditures | 45,132,338,718.02 | 10,106,692,262.50 | 55,239,030,980.52 | |||
V. | Closing Balances in Trust Fund: | ||||||
A. | Investments | ||||||
U. S. Treasury special certificates of indebtedness | 29,672,830,055.90 | 11,538,820,827.97 | 41,211,650,883.87 | ||||
B. | Undisbursed balances | ||||||
1. | Uninvested - held by Bureau of the Fiscal Service | 2,404,949,801.85 | 286,672,535.07 | 2,691,622,336.92 | |||
2. | Uninvested - held by program agencies | ||||||
a. | Federal aid to highways | 346,789,325.96 | 0.00 | 346,789,325.96 | |||
b. | Right-of-way revolving fund | 4,278,779.63 | 0.00 | 4,278,779.63 | |||
c. | Miscellaneous highway trust funds | 16,930,562.26 | 0.00 | 16,930,562.26 | |||
d. | Appalachian Development Highway System | 91,962.68 | 0.00 | 91,962.68 | |||
e. | Federal Motor Carrier Safety Administration | 81,962,907.62 | 0.00 | 81,962,907.62 | |||
f. | Federal Transit Administration | 0.00 | 76,568,899.20 | 76,568,899.20 | |||
g. | National Highway Traffic Safety Administration | 77,506,926.26 | 0.00 | 77,506,926.26 | |||
h. | Federal Railroad Administration | 0.00 | 0.00 | 0.00 | |||
i. | Other agencies | 31,748.11 | 0.00 | 31,748.11 | |||
j. | Total | 527,592,212.52 | 76,568,899.20 | 604,161,111.72 | |||
3. | Total uninvested balance | 2,932,542,014.37 | 363,241,434.27 | 3,295,783,448.64 | |||
C. | Total balance | 32,605,372,070.27 | 11,902,062,262.24 | 44,507,434,332.51 |
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.