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Financial Outlook

Financial Outlook. FY2011 Budget. * Excludes G.O Bond Debt, total reflects only the portion appropriated directly to GDOT ** Estimated, still operating under continuing resolution *** Additional Federal grant funding is amended into the budget as awards are received.

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Financial Outlook

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  1. Financial Outlook

  2. FY2011 Budget *Excludes G.O Bond Debt, total reflects only the portion appropriated directly to GDOT ** Estimated, still operating under continuing resolution *** Additional Federal grant funding is amended into the budget as awards are received.

  3. FY2011 BudgetState General Funds

  4. Expectations for FHWA funding for FY 2011 • Will operate under continuing resolution, no reauthorization passed by Congress • Federal funding may be received late in state fiscal year 2011, like it was received in FY10 • The above two factors make it difficult to plan a program since we are unsure about the timing and the amount of federal funding we will receive

  5. Georgia’s Transportation Funding StateMotor Fuel Revenues

  6. Glimmer of Hope-State Motor Fuel • Although Collections overall in FY10 were less than what was collected in FY09, the last few months of FY10 were up compared to the same months in FY09. • Largely due to increase in the Prepaid rate (increased from $.079 to $.093 as of January 2010) • Will increase to $.104 per gallon as of July 1st

  7. FY2011 BudgetMotor Fuel Funds Allocation $ 860,689,000 • Reflects consolidation of Most needed, Off System and LARP into new Local Maintenance and Improvement Grant program

  8. GDOT Debt Service Payments

  9. GDOT Employees A total decrease of 711 employees or 12.4% through attrition since July 2008 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jun-09 May-10

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