Tab 72 (Ref 3.8) Division of Budgets1 Department of Transportation Quarterly Finance Report Second Quarter Presented to the California Transportation Commission March 2008 Tab 54 Ref 3.6

2 Ending Cash Balance Actuals vs. Forecast State Highway Account $283M (49% below forecast) Timing differences Fund adjustments Public Transportation Account $132M (32% above forecast) Lower expenditures Traffic Congestion Relief Fund $651M (15% below forecast) Proposition 1A repayment did not occur Higher year-to-date expenditures Transportation Investment Fund $264M (26% above forecast) Lower year-to-date expenditures Transportation Deferred $427M (22% above forecast) Investment Fund Lower year-to-date expenditures

Allocation Capacity

4 Allocation vs. Allocation Capacity By Program 53 percent of capacity allocated through second quarter Program & Year-to-Date Allocations Allocation Capacity State Highway Operations & Protection (SHOPP)* $2.232B $919M allocated YTD $206M allocated in Q2 $1.313 unallocated State Transportation Improvement Program (STIP)* $1.756B $1.396B allocated YTD $306M allocated in Q2 $360M unallocated Traffic Congestion Relief Program (TCRP) $303M $292M allocated YTD $171M allocated in Q2 $13M unallocated Proposition 1B (other bonds) $924M $139M allocated YTD $785M unallocated * Includes bond capacity for STIP & SHOPP

5 Outlook for Funding State Highway Account $100M from TCRF for SHOPP in (Tribal Gaming revenue) Possible FHTF deficit by 2009 Public Transportation Account Slightly lower revenues Temporary loan from TCRF Impact of $409 million lawsuit ruling Transportation Investment Fund Prop 42 transfer slightly lower Severe impacts if Prop 42 transfer is suspended Traffic Congestion Relief Fund $1.5B owed by General Fund at end of $83M per year Prop 42 GF repayment $100M per year Pre-Prop 42 repayment Prop 42 debt repayment schedule delays TCRP completion

6 n Maintain Current Allocation Capacity n Monitor Federal Funding Outlook Recommendations

Tab 72 (Ref 3.8) Division of Budgets7 Questions