Highway Information Seminar October 24,2012 By: Tychelle Staten.
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Transcript of Highway Information Seminar October 24,2012 By: Tychelle Staten.
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Local Highway Finance :Guidance for the
FHWA-536 FormHighway Information Seminar
October 24,2012By: Tychelle Staten
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Useful ResourcesGuide to Reporting Highway Statisticshttp://www.fhwa.dot.gov/policyinformation/hss/guide
/The FHWA-536 is in Chapter 11 of the Guide
Highway Taxes and Feeshttp://www.fhwa.dot.gov/ohim/hwytaxes/2008/index.htm
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More ResourcesElectronic Version of forms:http://www.fhwa.dot.gov/policyinformation/hss/guide/formlist.cfm
Appendix D in the GuideLocal finance simplified methodology
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Guide: Chapter 11Report Identifying Receipts And
Expenditures Of Local GovernmentsData required
Required biennial report for odd-numbered data years Optional for even-numbered data years
Some States report the FHWA-536 Every year Every other year
Report deadlines (Guide, Chapter 1)Data for odd numbered years (2011, 2013.)Due October 1 of the following even-numbered year
(October, 2012)FHWA recommends doing the FHWA-536 every year
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Important ConsiderationsFiscal year versus calendar year
Your choice, consider: Coordination with other reporting requirements Best data Most timely
General Fund funding versus dedicated funding Different ways to develop and report
Cash versus accrual accounting FHWA requests all reports on a cash basis
Sampling and estimationFHWA recommends that States use sampling and
estimation to prepare this form.
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FHWA Form-536Your data permits the FHWA to develop a
series of national tables illustrating the financing of highway activities at the local levelLGF SeriesLGB Series
Ultimately, FHWA summarizes highway funding by all levels of government
Local funding is a major portion of the totalRoughly 35%
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FHWA Form-536Reporting four basic areas of local highway
finance:
Section 1: Disposition of highway-user revenues
Section 2: Revenue identified by source and type of funds
Section 3: Expenditures identified by purpose or activity
Section 4: Local highway debt status
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Section I: Disposition of Revenues
Tracks spending of all highway-user revenues that are available to local governmentsLocal
Motor fuel taxes Motor vehicle taxes
StateFederal
AdjustmentsCollection expensesNon-highway purposesMass transit
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Section II. Receipts for Road PurposesFunds from all sources applied to local
highway purposesFund sources include:
Local highway user fees Local General Fund appropriations Proceeds of bonds and notes Private contributions State government Federal government
Details on page 2 of Form
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Section III. Expenditures for Road PurposesExpenditures of funds for local highway
purposesLocal highway expenditures include:
Local highway capital outlays Maintenance, traffic control, snow removal Administration, enforcement, safety Debt service on local obligations Payments to State governments Payments to toll facilities
Details on page 2 of Form
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Section IV. Local Highway Debt StatusRecords local government highway debt:
Debt statusChange in status Amounts are recorded at par value - the face
value
See Chapter 9 for general description and instructions reporting highway debt information
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Reporting DeadlinesLocal data (FHWA 536):
Data for odd numbered years (2007, 2009, etc.)Due October 1 of the following even-numbered
yearFHWA recommends doing the FHWA-536 every
year
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Common IssuesBonds
Bond issuing amount in Section II should equal Bond issuing amount in Section IV
Opening Debt should equal closing Debt from Prior Year