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Local Highway Finance : Guidance for the FHWA-536 Form

Local Highway Finance : Guidance for the FHWA-536 Form. Highway Information Seminar October 24,2012 By: Tychelle Staten. Useful Resources. Guide to Reporting Highway Statistics http://www.fhwa.dot.gov/policyinformation/hss/guide / The FHWA-536 is in Chapter 11 of the Guide

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Local Highway Finance : Guidance for the FHWA-536 Form

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  1. Local Highway Finance :Guidance for the FHWA-536 Form Highway Information Seminar October 24,2012 By: Tychelle Staten

  2. Useful Resources • Guide to Reporting Highway Statistics http://www.fhwa.dot.gov/policyinformation/hss/guide/ The FHWA-536 is in Chapter 11 of the Guide • Highway Taxes and Fees http://www.fhwa.dot.gov/ohim/hwytaxes/2008/index.htm

  3. More Resources • Electronic Version of forms: http://www.fhwa.dot.gov/policyinformation/hss/guide/formlist.cfm • Appendix D in the Guide • Local finance simplified methodology

  4. Guide: Chapter 11 • Report Identifying Receipts And Expenditures Of Local Governments • Data 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

  5. Important Considerations • Fiscal 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 estimation • FHWA recommends that States use sampling and estimation to prepare this form.

  6. FHWA Form-536 • Your data permits the FHWA to develop a series of national tables illustrating the financing of highway activities at the local level • LGF Series • LGB Series • Ultimately, FHWA summarizes highway funding by all levels of government • Local funding is a major portion of the total • Roughly 35%

  7. FHWA Form-536 • Reporting 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

  8. Section I: Disposition of Revenues • Tracks spending of all highway-user revenues that are available to localgovernments • Local • Motor fuel taxes • Motor vehicle taxes • State • Federal • Adjustments • Collection expenses • Non-highway purposes • Mass transit

  9. Section II. Receipts for Road Purposes • Funds from all sources applied to local highway purposes • Fund 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

  10. Section III. Expenditures for Road Purposes • Expenditures of funds for local highway purposes • Local 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

  11. Section IV. Local Highway Debt Status • Records local government highway debt: • Debt status • Change in status • Amounts are recorded at par value - the face value • See Chapter 9 for general description and instructions reporting highway debt information

  12. Reporting Deadlines • Local data (FHWA 536): • Data for odd numbered years (2007, 2009, etc.) • Due October 1 of the following even-numbered year • FHWA recommends doing the FHWA-536 every year

  13. Common Issues • Bonds • Bond issuing amount in Section II should equal Bond issuing amount in Section IV • Opening Debt should equal closing Debt from Prior Year

  14. Contact Information • Tychelle Staten • 202-366-4062 • Tychelle.staten@dot.gov

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