RALEIGH – To be open and transparent and to comply with Session Law 2019-251 of the N.C. General Assembly, the N.C. Department of Transportation will issue a news release each Friday publishing the weekly “NCDOT Cash Watch Numbers” report, which is a snapshot of NCDOT expenditures.
For holidays when NCDOT offices are closed, the release and report will be published on the closest business day.
The latest cash report, as well as previous reports, can be viewed on this NCDOT webpage.
Each report opens with what the combined cash balance was in the preceding report. The report includes receipts; a list of disbursements in broad categories; and ending combined cash balance. In addition, the report includes a snapshot of “reserved cash” balances. These funds are dedicated to specific projects and are held in what is called a “Trustee Account” until they are disbursed to pay for work completed on projects funded with Build NC bonds, GARVEE bonds or Energy Savings-Roadway lighting funds.
Cash balance fluctuates from day to day as revenue comes in and disbursements are made. The official monthly cash balance is determined at the close of each month as line items are reconciled. Weekly balances are not indicative of what the final monthly cash balance will be.
Cash Watch Weekly Report
Week of October 30 – November 5
Total Cash and Bond Proceeds (1): $1,173,551,766
Beginning Highway Fund (10): $444,235,690
Beginning Highway Trust Fund: $281,347,526
Beginning Reserved Cash Balance: $447,968,549
Add Receipts: $67,082,061
Less Disbursements:
Payroll (2)
Debt Service (3)
STI Construction: $28,153,052
Operations (4): $13,606,426
Map Act Claims/Settlements: $6,056,226
State Aid Payments (5): $3,809
Disaster Related Costs: $604,459
Modal (6): $2,892,301
Other (7): $20,044,968
Reserved Cash:
GARVEE/Federal Repayment Reserve (8) –
Transportation Emergency Reserve: $64,000,000
Trustee Accounts:
Unexpended Build NC Bond Proceeds: $8,283
Unexpended GARVEE Bond Proceeds: $370,844,547
Energy Savings-Roadway Lighting (9): $3,907,480
Unreserved Cash Balance Total
Ending Combined Cash Balance: $730,363,589
Ending Highway Fund (10): $420,370,834
Ending Highway Trust Fund: $309,992,755
Statutory Cash Minimum Floor (11): $267,322,500
Statutory Cash Target -15% (12): $534,645,000
Statutory Cash Target – 20% (12): $712,860,000
(1) Balance includes Highway Fund and Highway Trust Fund cash available plus Reserved Cash held by Trustee and not available to spend at this time.
(2) Includes permanent and some temporary employees; disbursed every other week.
(3) Monthly advanced payments to Trustee per Build NC Bond Official Statement. Also includes GARVEE and General Obligation Bond Debt Service payments.
(4) Highway maintenance and small construction
(5) Powell Bill payments to municipalities; disbursed twice per year- G.S. 136-41.1
(6) Program funds for Ferry, Public Transportation, Aviation and Rail
(7) Administration, transfers to other agencies, Governor’s Highway Safety Program, facilities, etc.
(8) One year of debt service
(9) 2017 bonds for installation of energy efficient lighting along roadways.
(10) Consistent with historical reporting practices, Highway Fund cash balance amount includes $42.6 million of cash-in-transit
(11) G.S. 143C-6-11(f)
(12) G.S. 143C-6-11(k)(1)
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