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

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 2019 FY 2020 $80.0 (MILLIONS ) $60.0 $40.0 $29.5 $28.9 $20.0 $6.6 $5.6 $4.1 $5.5 $2.7 $2.0 $2.5 $1.3 $0.0 -$6.0 -$6.0 -$20.0 MOTOR FUEL REGISTRATION PERMITS & OTHER NATURAL GAS INTEREST DIESEL TAX TOTAL REVENUES PENALTIES SEVERANCE TAX

FY 2020 BUDGETED VS. ACTUAL - OCTOBER VARIANCE $6.3 $0.6 -$0.2 -$0.2 -$2.6 -$0.7 -$0.5 $2.7 % CHANGE 6.5% 2.1% -3.5% -7.4% -38.8% -35.0% -9.1% 2.0% $160.0 $139.9 $137.2 $140.0 $120.0 $103.0 $96.7 $100.0 BUDGETED ACTUAL $80.0 (MILLIONS ) $60.0 $40.0 $29.5 $28.9 $20.0 $5.7 $6.7 $5.5 $2.7 $4.1 $2.0 $1.3 $2.5 $0.0 -$5.5 -$6.0 -$20.0 MOTOR FUEL REGISTRATION PERMITS & OTHER NATURAL GAS INTEREST DIESEL TAX TOTAL REVENUES PENALTIES SEVERANCE TAX

OCTOBER 2019-2020 FUEL CONSUMPTION FY 2015-2016 FUEL CONSUMPTION VARIANCE 8.1 -2.4 -2.02 3.7 % CHANGE 1.6% -1.1% -71.1% 0.5% 800.0 746.3 742.6 700.0 600.0 522.6 514.5 FY 2019 500.0 FY 2020 400.0 (MILLION GALLONS ) 300.0 225.3 222.9 200.0 100.0 2.841 0.822 0.0 GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

Arkansas Fuel Consumption Rolling 12-month Comparison Previous Current 12 12 Fuel Variance Months Months (millions) (millions) 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%

State Fiscal Year 2020 Sales Tax Projected Actual Monthly Annual Mon Variance Net Receipts Variance Variance 16,800,000 16,246,419 (553,581) -3.30% -3.30% Jul 17,010,000 17,749,502 739,502 4.35% 0.55% Aug 16,870,000 16,852,268 (17,732) -0.11% 0.33% Sept 16,100,000 17,076,071 976,071 6.06% 1.71% Oct Nov Dec Jan Feb Mar Apr May Jun Total 66,780,000 67,924,260 1,144,260

Half-Cent Sales Tax Projected vs Actual Projected Actual Percent Variance Net Receipts Variance $1,113,703,640 $1,107,409,858 $(6,293,782) -0.57%

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 20 th

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

Submitted BUILD Grant Projects US Highway 67 Corridor Interstate 40/Highway 59 Statewide Truck Parking Improvements Interchange Notification System 0

Interstate Rehabilitation Program Completed Number of Projects: 47 Miles: 291 Amount (Millions): $1,027

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

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

Connecting Arkansas Program $175 Million Scheduled $533 Million Completed $1.26 Billion Under Construction

Act 298 of 2019 Arkansas Legislative Council A R DOT Efficiency Review FOCUS OF STUDY Processes Procedures Procurement Procedures Projects Appeals Processes Expenditures

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 - A R DOT Kickoff Meeting and Interviews with Key Staff • November 18-22 - A R DOT Interviews with Key Staff • December 2-5 - A R DOT Interviews with Key Staff • December 10 - 1,153 Files Uploaded to Guidehouse

Moving Forward: Roads and Bridges Coalition

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

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

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

2020 Regional Meetings

Open House: 5:30-6:15 Ft. Smith – February 13 Regional Meetings The Blue Lion Presentation: 6:30-8:30 Monticello – January 21 Hot Springs – February 20 UAM Fine Arts Center Crossgate Church West Memphis – January 23 Maumelle – March 9 Academies of West Memphis Jess Odom Community Center Harrison – January 28 Springdale – March 10 Harrison High School The Jones Center Texarkana – January 30 Batesville – March 12 Trinity Baptist Church UACCB – Independence Hall Mena – February 11 Jonesboro – March 31 ASU – 1 st National Bank Arena U of A Rich Mountain

2020 Regional Meetings

District 4 – Dec 12 11:00 a.m. | Barling, AR Service Awards District 3 – Dec 13 11:00 a.m.| Hope, AR District 7 – Dec 16 10:30 a.m. | Fordyce, AR District 1 – Dec 17 10:30 a.m.| Wynne, AR District 10 – Dec 18 10:30 a.m.| Paragould, AR District 2 – Dec 19 11:00 a.m.| Star City, AR District 9 – Dec 20 11:00 a.m.| Harrison, AR

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

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

Welcome Vivien Hoang Arkansas Federal Highway Administration Division Administrator

Arkansas State University 2019 Distinguished Alumni Award Commissioner Alec Farmer

Wednesday, December 11, 2019