Wednesday, December 11, 2019 OCTOBER 2019-2020 REVENUE VARIANCE - - PowerPoint PPT Presentation

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Mar 15, 2023 240 likes •647 views

Wednesday, December 11, 2019 OCTOBER 2019-2020 REVENUE VARIANCE $2.9 $0.6 -$0.1 -$0.2 -$2.5 -$0.7 $0.0 $0.0 % CHANGE 2.9% 2.1% -1.8% -7.4% -37.9% -35.0% 0.0% 0.0% $160.0 $139.9 $139.9 $140.0 $120.0 $103.0 $100.1 $100.0 FY

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Wednesday, December 11, 2019

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$100.1 $28.9 $5.6 $2.7 $6.6 $2.0

$6.0

$139.9 $103.0 $29.5 $5.5 $2.5 $4.1 $1.3

$6.0

$139.9

$20.0

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 MOTOR FUEL REGISTRATION PERMITS & PENALTIES OTHER NATURAL GAS SEVERANCE TAX INTEREST DIESEL TAX TOTAL REVENUES FY 2019 FY 2020

OCTOBER 2019-2020 REVENUE

VARIANCE % CHANGE $2.9 2.9% $0.6 2.1%

$0.1
1.8%
$2.5
37.9%
$0.7
35.0%

$0.0 0.0% $0.0 0.0%

(MILLIONS)

$0.2
7.4%

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$96.7 $28.9 $5.7 $2.7 $6.7 $2.0

$5.5

$137.2 $103.0 $29.5 $5.5 $2.5 $4.1 $1.3

$6.0

$139.9

$20.0

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 MOTOR FUEL REGISTRATION PERMITS & PENALTIES OTHER NATURAL GAS SEVERANCE TAX INTEREST DIESEL TAX TOTAL REVENUES BUDGETED ACTUAL

FY 2020 BUDGETED VS. ACTUAL - OCTOBER

VARIANCE % CHANGE $6.3 6.5% $0.6 2.1%

$0.2
3.5%
$2.6
38.8%
$0.7
35.0%
$0.5
9.1%

$2.7 2.0%

$0.2
7.4%

(MILLIONS)

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514.5 225.3 2.841 742.6 522.6 222.9 0.822 746.3

0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 GASOLINE DIESEL ALTERNATIVE FUELS TOTAL FY 2019 FY 2020

FY 2015-2016 FUEL CONSUMPTION

VARIANCE % CHANGE

(MILLION GALLONS)

OCTOBER 2019-2020 FUEL CONSUMPTION

8.1 1.6%

2.4
1.1%

3.7 0.5%

2.02
71.1%

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Fuel Previous 12 Months (millions) Current 12 Months (millions) Variance Gasoline 1,496,598,698 1,512,372,140 1.05% Diesel 669,474,712 676,985,401 1.12% Alternative 5,253,516 2,400,163

54.31%

Total 2,171,326,926 2,191,757,704 0.94%

Arkansas Fuel Consumption

Rolling 12-month Comparison

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Mon Projected Net Actual Receipts Variance Monthly Variance Annual Variance Jul

16,800,000 16,246,419 (553,581)

3.30%
3.30%

Aug

17,010,000 17,749,502 739,502 4.35% 0.55%

Sept

16,870,000 16,852,268 (17,732)

0.11%

0.33%

Oct

16,100,000 17,076,071 976,071 6.06% 1.71%

Nov Dec Jan Feb Mar Apr May Jun

Total 66,780,000 67,924,260 1,144,260

State Fiscal Year 2020 Sales Tax

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Projected Net Actual Receipts Variance Percent Variance $1,113,703,640 $1,107,409,858 $(6,293,782)

0.57%

Half-Cent Sales Tax Projected vs Actual

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Federal Highway Funding Issues

We Still Do Not Have A Spending Bill For FFY 2020 Congress Did Pass The Second Continuing Resolution For FFY 2020 Provides Funding Until December 20th

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Better Utilizing Investments to Leverage Development Grants

$900 Million Available for Federal Fiscal Year 2019
Timeline

 Applications were Due on July 15, 2019  Funding was Awarded on November 12, 2019

Focus Areas

 Safety  State of Good Repair  Economic Competitiveness  Environmental Sustainability  Quality of Life

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Submitted BUILD Grant Projects

US Highway 67 Corridor Improvements Statewide Truck Parking Notification System Interstate 40/Highway 59 Interchange

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Interstate Rehabilitation Program

Completed

Number of Projects: 47 Miles: 291 Amount (Millions): $1,027

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Interstate Rehabilitation Program

Under Construction

Number of Projects: 5 Miles: 53 Amount (Millions): $287

Let To Contract

Number of Projects: 52 Miles: 344 Amount (Millions): $1,314

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Interstate Rehabilitation Program

Scheduled

Number of Projects: 27 Miles: 160 Amount (Millions): $219

Total Program

Number of Projects: 79 Miles: 504 Amount (Millions): $1,533

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Connecting Arkansas Program

$533 Million Completed $1.26 Billion Under Construction $175 Million Scheduled

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Act 298 of 2019

Arkansas Legislative Council ARDOT Efficiency Review

FOCUS OF STUDY

Processes Procedures Procurement Procedures Projects Appeals Processes Expenditures

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Efficiency Review Update

August 23
Consultant Contract Signed with Guidehouse LLP
September 18
HCRAS Kickoff Meeting
September 24
Data and Document Request Received from Guidehouse
September 27
Teleconference Data Request Discussion with Guidehouse
October 14-16
ARDOT Kickoff Meeting and Interviews with Key Staff
November 18-22
ARDOT Interviews with Key Staff
December 2-5
ARDOT Interviews with Key Staff
December 10
1,153 Files Uploaded to Guidehouse

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Moving Forward: Roads and Bridges Coalition

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Roads and Bridges Coalition

November 15, 9:30 a.m. Campaign Kickoff Poultry Federation Governor’s Speech

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New Highway Program

Projects Let Last 10 Years Remaining STIP Through 2023 Act 416 & State Surplus Revenue 10-Year Draft Highway Program

(Pavement & Bridge Preservation Projects)

CAP-2

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Impact of Success System Preservation 76% of Revenue Capital and Congestion Relief Projects 24% of Revenue Impact of Failure 30% Revenue Reduction for Cities / Counties Decline of the Highway System

Realities of the Highway Funding Plan

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2020 Regional Meetings

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Regional Meetings

Open House: 5:30-6:15 Presentation: 6:30-8:30

Monticello – January 21 UAM Fine Arts Center West Memphis – January 23 Academies of West Memphis Harrison – January 28 Harrison High School Texarkana – January 30 Trinity Baptist Church Mena – February 11 U of A Rich Mountain

Ft. Smith – February 13

The Blue Lion Hot Springs – February 20 Crossgate Church Maumelle – March 9 Jess Odom Community Center Springdale – March 10 The Jones Center Batesville – March 12 UACCB – Independence Hall Jonesboro – March 31 ASU – 1st National Bank Arena

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2020 Regional Meetings

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Service Awards

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Upcoming Events

AAPA Technical Conference| Director Bennett 1:00 p.m.| Little Rock, AR TRB Annual Meeting| Director Bennett Washington DC AGC Membership Luncheon| Director Bennett 1:00 p.m.| Little Rock, AR Arkansas Highway Commission Meeting January 9 January 13-16 January 22 February 5

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Proceeds from 2019 Fall Equipment Auction

271 Equipment Units Sold 78 Equipment Implements Sold 75 Miscellaneous Minor Equipment Sold 160 Lots of Miscellaneous Items Sold 584 Total Units/Lots Sold

$1,444,739.50 Gross Proceeds (86,684.37) Auctioneer’s Commission (6%) $1,358,055.13 Net Proceeds to the Department

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Welcome Vivien Hoang Arkansas Federal Highway Administration Division Administrator

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Arkansas State University 2019 Distinguished Alumni Award

Commissioner Alec Farmer

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