U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
October 2020
| Item | Highway Account |
Mass Transit Account 2/ |
Total | ||||
|---|---|---|---|---|---|---|---|
| I. Opening balance: | |||||||
| 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. Uninvested - held by Bureau of the Fiscal Service | 2,404,949,801.85 | 286,672,535.07 | 2,691,622,336.92 | ||||
| C. Uninvested - held by program agencies | 527,592,212.52 | 76,568,899.20 | 604,161,111.72 | ||||
| D. Total balance | 32,605,372,070.27 | 11,902,062,262.24 | 44,507,434,332.51 | ||||
| II. Receipts: | |||||||
| A. Gross excise taxes (transferred General Fund receipts) | 1. Gasoline | 22,316,804,148.72 | 4,133,812,046.98 | 26,450,616,195.70 | |||
| 2. Diesel and special motor fuels | 9,925,140,274.52 | 1,321,360,646.52 | 11,246,500,921.04 | ||||
| 3. Tires | 534,571,759.93 | 0.00 | 534,571,759.93 | ||||
| 4. Trucks and trailers | 5,329,674,245.09 | 0.00 | 5,329,674,245.09 | ||||
| 5. Federal use tax | 1,285,164,153.48 | 0.00 | 1,285,164,153.48 | ||||
| 6. Total excise taxes | 39,391,354,581.74 | 5,455,172,693.50 | 44,846,527,275.24 | ||||
| B. Transfers to other funds | 1. To Land and Water Conservation Fund | 841,000.00 | 159,000.00 | 1,000,000.00 | |||
| 2. To Sport Fish Restoration and Boating Trust Fund | 389,163,000.00 | 49,591,000.00 | 438,754,000.00 | ||||
| 3. To Airport and Airway Trust Fund & General Fund (aviation kerosene) | 734,628,412.85 | 98,000,424.90 | 832,628,837.75 | ||||
| 4. Total | 1,124,632,412.85 | 147,750,424.90 | 1,272,382,837.75 | ||||
| C. Net excise taxes | 38,266,722,168.89 | 5,307,422,268.60 | 43,574,144,437.49 | ||||
| D. Interest income | 1. Interest on investments (cash basis) 3/ | 619,430,923.31 | 228,706,909.97 | 848,137,833.28 | |||
| 2. Interest under Cash Management Improvement Act (net) | 1,288,548.00 | (192.00) | 1,288,356.00 | ||||
| 3. Total | 620,719,471.31 | 228,706,717.97 | 849,426,189.28 | ||||
| E. Other income | 1. Motor carrier safety fines and penalties | 19,035,461.34 | 0.00 | 19,035,461.34 | |||
| 2. Civil tax penalties related to highway excise taxes | 1,038,901.00 | 0.00 | 1,038,901.00 | ||||
| 3. Traffic safety fines and penalties | 77,539,959.06 | 0.00 | 77,539,959.06 | ||||
| 4. Transfer from Leaking Underground Storage Tank Trust Fund | 0.00 | 0.00 | 0.00 | ||||
| 5. Total | 97,614,321.40 | 0.00 | 97,614,321.40 | ||||
| F. Total receipts | 38,985,055,961.60 | 5,536,128,986.57 | 44,521,184,948.17 | ||||
| III. Transfers between Highway Trust Fund accounts | |||||||
| A. From Highway Account to Mass Transit Account | (1,400,741,455.00) | 1,400,741,455.00 | 0.00 | ||||
| B. From Mass Transit Account to Highway Account | 69,310,433.00 | (69,310,433.00) | 0.00 | ||||
| C. Total | (1,331,431,022.00) | 1,331,431,022.00 | 0.00 | ||||
| IV. Expenditures: | |||||||
| A. Federal Highway Administration | 1. Federal aid to highways | 44,166,588,455.72 | 0.00 | 44,166,588,455.72 | |||
| 2. Right-of-way revolving fund | 0.00 | 0.00 | 0.00 | ||||
| 3. Appalachian Development Highway System | 87,962.68 | 0.00 | 87,962.68 | ||||
| 4. Miscellaneous Highway Trust Funds | 8,854,269.61 | 0.00 | 8,854,269.61 | ||||
| 5. Total | 44,175,530,688.01 | 0.00 | 44,175,530,688.01 | ||||
| B. Federal Motor Carrier Safety Administration | 583,502,715.22 | 0.00 | 583,502,715.22 | ||||
| C. Federal Transit Administration | 0.00 | 10,515,264,495.06 | 10,515,264,495.06 | ||||
| D. National Highway Traffic Safety Administration | 1. Highway related safety grants | 0.00 | 0.00 | 0.00 | |||
| 2. Operations and research | 143,919,861.92 | 0.00 | 143,919,861.92 | ||||
| 3. Highway traffic safety grants | 701,711,613.24 | 0.00 | 701,711,613.24 | ||||
| 4. National driver register | 0.00 | 0.00 | 0.00 | ||||
| 5. Total | 845,631,475.16 | 0.00 | 845,631,475.16 | ||||
| E. Federal Railroad Administration | 0.00 | 0.00 | 0.00 | ||||
| F. Office of the Secretary of Transportation | 2,744,946.34 | 0.00 | 2,744,946.34 | ||||
| G. Other agencies | 31,748.11 | 0.00 | 31,748.11 | ||||
| H. Total expenditures | 45,607,441,572.84 | 10,515,264,495.06 | 56,122,706,067.90 | ||||
| V. Closing Balances in Trust Fund: | |||||||
| A. Investments - U. S. Treasury special certificates of indebtedness | 20,516,161,033.63 | 7,676,182,693.86 | 28,192,343,727.49 | ||||
| B. Undisbursed balances | 1. Uninvested - held by Bureau of the Fiscal Service | 2,505,895,042.02 | 285,439,655.75 | 2,791,334,697.77 | |||
| 2. Uninvested - held by program agencies | a. Federal aid to highways | 1,059,786,737.04 | 0.00 | 1,059,786,737.04 | |||
| b. Right-of-way revolving fund | 4,278,779.63 | 0.00 | 4,278,779.63 | ||||
| c. Miscellaneous highway trust funds | 14,164,681.35 | 0.00 | 14,164,681.35 | ||||
| d. Appalachian Development Highway System | 4,000.00 | 0.00 | 4,000.00 | ||||
| e. Federal Motor Carrier Safety Administration | 255,460,192.40 | 0.00 | 255,460,192.40 | ||||
| f. Federal Transit Administration | 0.00 | 292,735,426.14 | 292,735,426.14 | ||||
| g. National Highway Traffic Safety Administration | 285,131,349.10 | 0.00 | 285,131,349.10 | ||||
| h. Federal Railroad Administration | 0.00 | 0.00 | 0.00 | ||||
| i. Office of the Secretary of Transportation (include receipt account) | 10,673,621.86 | 0.00 | 10,673,621.86 | ||||
| i. Other agencies | 0.00 | 0.00 | 0.00 | ||||
| j. Total | 1,629,499,361.38 | 292,735,426.14 | 1,922,234,787.52 | ||||
| 3. Total uninvested balance | 4,135,394,403.40 | 578,175,081.89 | 4,713,569,485.29 | ||||
| C. Total balance | 24,651,555,437.03 | 8,254,357,775.75 | 32,905,913,212.78 | ||||
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.
