Consolidating Statement of Financing

CONSOLIDATING STATEMENT OF FINANCING
For The Year Ended September 30, 2004
(Dollars in thousands)

	Federal Aid Highways	Other Highway Trust Funds	FMCSA Trust Fund	Corpus Hwy. Trust Fund	FTA Trust Fund	NHTSA Trust Fund	FRA Trust Fund	Total
RESOURCES USED TO FINANCE ACTIVITIES
Budgetary Resources Obligated:
Obligations incurred	$30,487,786	$ 154,142	$387,360	$  -	$6,864,277	$311,951	$  -	$38,205,516
Less: Spending authority from offsetting collections and recoveries	(170,851)	-	(27,131)	-	(21,033)	(19,404)	(58)	(238,477)
Obligations net of offsetting collections and recoveries	30,316,935	154,142	360,229	-	6,843,244	292,547	(58)	37,967,039
Less offsetting receipts	(7,473)	-	-	-	(21)	-	-	(7,494)
Net obligations	30,309,462	154,142	360,229	-	6,843,223	292,547	(58)	37,959,545
Non-budgetary Resources:
Imputed financing from costs absorbed by others	207,065	-	5,365	-	-	1,958	-	214,388
Net non-budgetary resources used to finance activities	207,065	-	5,365	-	-	1,958	-	214,388
Total Resources Used to Finance Activities	30,516,527	154,142	365,594	-	6,843,223	294,505	(58)	38,173,933
RESOURCES USED TO FINANCE ITEMS NOT PART OF THE COST OF OPERATIONS
Change in budgetary resources obligated for goods, services and benefits ordered but not yet provided	$   297,826	$(147,540)	$ (3,966)	$  -	$ (151,793)	$ 70,448	$(58)	$    64,917
Resources that fund expenses recognized in prior periods	993	-	(611)	-	-	-	-	382
Resources that finance the acquisition of assets	-	-	-	-	-	-	-	-
Other resources or adjustments to net obligated resources that do not affect net cost of operations	81,781	-	13,091	-	6,834,413	(11,150)	-	6,918,135
Total Resources Used to Finance Items Not Part of the Net Cost of Operations	380,600	(147,540)	8,514	-	6,682,620	59,298	(58)	6,983,434
Total Resources Used to Finance the Net Cost of Operations	$30,135,927	$ 301,682	$357,080	$  -	$  160,603	$235,207	$  -	$31,190,499
COMPONENTS OF NET COST OF OPERATIONS THAT WILL NOT REQUIRE OR GENERATE RESOURCES IN THE CURRENT PERIOD
Components Requiring or Generating Resources in Future Periods:
Increase in annual leave liability	$    2,286	$       -	$    482	$  -	$        -	$10,757	$  -	$    13,525
Other	207,065	-	509	-	-	-	-	207,574
Total Components of Net Cost of Operations That Will Require or Generate Resources in Future Periods	209,351	-	991	-	-	10,757	-	221,099
Components Not Requiring or Generating Resources:
Depreciation and amortization	1,099	-	-	-	-	-	-	1,099
Revaluation of assets or liabilities	-	-	4,877	-	-	10,853	-	15,730
Other	-	-	-	-	-	-	-	-
Total Components of Net Cost of Operations That Will Not Require or Generate Resources	1,099	-	4,877	-	-	10,853	-	16,829
Total Components of Net Cost of Operations That Will Not Require or Generate Resources in the Current Period	210,450	-	5,868	-	-	21,610	-	237,928
NET COST OF OPERATIONS	$30,346,377	$ 301,682	$362,948	$  -	$  160,603	$256,817	$  -	$31,428,427

Notes:

1. There are no non-budgetary financing accounts.
2. Intra-OA transactions are not material.
3. The HTF accounts of the Bureau of Transportation statistics are included in the column for Federal Aid Highways. Such amounts are not material to the Federal Aid Highways or HTF as a whole.