Pre-existing Funds - Cash flows
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Pre-existing Funds - Cash flow planning and expenditures
Performance analysis
2023 Q4 (Q2 2023-2025 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have approximately $649.1 million in cumulative, combined PEF improvement and preservation cash flows at the end of the second quarter of the 2023-2025 biennium, and had $412.2 million in actual expenditures. The actual expenditures were on target with the currrent plan but approximately $236.9 million (36.5%) less than the orginial plan for biennium.
Current and actual cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2023 Q3 (Q1 2023-2025 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have approximately $344.5 million in cumulative, combined PEF improvement and preservation cash flows at the end of the first quarter of the 2023-2025 biennium, and had $187.3 million in actual expenditures. The actual expenditures were on target with the currrent plan but approximately $157.3 million (45.6%) less than the orginial plan for biennium.
Current and actual cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2023 Q2 (Q8 2021-2023 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have approximately $1.282 billion in cumulative, combined PEF improvement and preservation cash flows at the end of the eighth quarter of the 2021-2023 biennium, and had $1.282 billion in actual expenditures due to adjustments in the delivery plan. The actual expenditures were approximately $121 million (8.6%) less than the $1.403 billion in the current plan for biennium.
Current and actual cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2023 Q1 (Q7 2021-2023 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have approximately $1.06 billion in cumulative, combined PEF improvement and preservation cash flows at the end of the seventh quarter of the 2021-2023 biennium, but had $1.03 billion, approximately $373.2 million (3.5%) less in actual expenditures due to adjustments in the delivery plan.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2022 Q4 (Q6 2021-2023 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have approximately $959.3 million in cumulative, combined PEF improvement and preservation cash flows at the end of the sixth quarter of the 2021-2023 biennium, but had $924.7 million, approximately $34.6 million (3.6%) less in actual expenditures due to adjustments in the delivery plan.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2022 Q3 (Q5 2021-2023 biennium)
Cash flows lower than original projections
WSDOT originally planned to have approximately $786.7 million in cumulative combined PEF improvement and preservation cash flows at the end of the fifth quarter of the 2021-2023 biennium, but had $665.0 million, approximately $121.7 million (15.5%) less in actual expenditures due to adjustments in the delivery plan.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2022 Q2 (Q4 2021-2023 biennium)
Cash flows lower than original projections
WSDOT originally planned to have approximately $523.4 million in cumulative combined PEF improvement and preservation cash flows at the end of the fourth quarter of the 2021-2023 biennium, but had $412.4 million, approximately $111.0 million (21.2%) less in actual expenditures due to adjustments in the delivery plan.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2022 Q1 (Q3 2021-2023 biennium)
Cash flows lower than original projections
WSDOT originally planned to have approximately $363.5 million in cumulative combined PEF improvement and preservation cash flows at the end of the third quarter of the 2021-2023 biennium, but had $261.7 million, approximately $101.8 million (28.0%) less in actual expenditures due to adjustments in the delivery plan.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2021 Q4 (Q2 2021-2023 biennium)
Cash flows lower than original projections
WSDOT originally planned to have approximated $270.1 million in cumulative combined PEF improvement and preservation cash flows at the end of the second quarter of the 2021-2023 biennium, but had $182.6 million, approximately $87.5 million (32.4%) less in actual expenditures due to adjustments in the delivery plan
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2021 Q3 (Q1 2021-2023 biennium)
Cash flows lower than original projections
WSDOT originally planned to have approximated $158.4 million in cumulative combined PEF improvement and preservation cash flows at the end of the first quarter of the 2021-2023 biennium, but had $86.4 million, approximately $72.0 million (54.4%) less in actual expenditures due to adjustments in the delivery plan.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
As the biennium continues, WSDOT uses the original plan as a goal while working to meet the projections in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, emergency, delayed, deferred, advanced or deleted.
2021 Q2 (Q8 2019-2021 biennium)
Cash flows lower than original projections
WSDOT originally planned to have slightly over $1.0 billion in cumulative combined PEF improvement and preservation cash flows at the end of the eighth quarter of the 2019-2021 biennium, but had $816.8 million, approximately $213.3 million (20.7%) less in actual expenditures.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow. The original plan—which is the 2019 delivery plan—does not change during the first four quarters of the biennium but may be updated in the fifth quarter to reflect any revisions to the original 2020 delivery plan. As the biennium continues, the agency uses these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, delayed, deferred, advanced or deleted.
2021 Q1 (Q7 2019-2021 biennium)
Cash flows lower than original projections
WSDOT originally planned to have $853.2 million in cumulative combined PEF improvement and preservation cash flows at the end of the seventh quarter of the 2019-2021 biennium, but had $723.3 million, approximately $129.9 million (15.2%) less.
Current cash flows can vary from originally planned cash flows for a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow. The original plan—which is the 2019 delivery plan—does not change during the first four quarters of the biennium but may be updated in the fifth quarter to reflect any revisions to the original 2020 delivery plan. As the biennium continues, the agency uses these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, delayed, deferred, advanced or deleted.
2020 Q4 (Q6 2019-2021 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have $769.8 million in cumulative combined PEF improvement and preservation cash flows at the end of the sixth quarter of the 2019-2021 biennium, but had $661.1 million (approximately $108.7 million, 14.1% less).
Current cash flows can vary from originally planned cash flows due to a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.The original plan—which is the 2019 delivery plan—does not change during the first four quarters of the biennium but may be updated in the fifth quarter to reflect any revisions to the original 2020 delivery plan. As the biennium continues, the agency uses these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, delayed, deferred, advanced or deleted.
2020 Q3 (Q5 2019-2021 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have $645.5 million in cumulative combined PEF improvement and preservation cash flows at the end of the fifth quarter of the 2019-2021 biennium, but had $561.2 million (approximately $84.3 million, 13.1% less).
Current cash flows can vary from originally planned cash flows due to a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow. The original plan—which is the 2019 delivery plan—does not change during the first four quarters of the biennium but may be updated in the fifth quarter to reflect any revisions to the original 2020 delivery plan. As the biennium continues, the agency uses these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes due to projects
being emergent, delayed, deferred, advanced or deleted.
2020 Q2 (Q4 2019-2021 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have $460.5 million in cumulative combined PEF improvement and preservation cash flows at the end of the fourth quarter of the 2019-2021 biennium, but had $424.3 million (approximately $36.2 million, 7.9% less).
Current cash flows can vary from originally planned cash flows due to a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow. The original plan—which is the 2019 delivery plan—will remain the same for the first four quarters of the biennium. It may be updated in the fifth quarter to reflect any revisions to the original 2020 delivery plan. As the biennium continues, the agency uses these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes due to projects being emergent, delayed, deferred, advanced or deleted.
2020 Q1 (Q3 2019-2021 biennium)
Cash flows currently lower than original projections
WSDOT originally planned to have $333.7 million in cumulative combined PEF improvement and preservation cash flows at the end of the third quarter of the 2019-2021 biennium, but had $342.4 million (approximately $8.7 million, 2.6% more).
Current cash flows can vary from originally planned cash flows due to a number of reasons. For example, emergent projects mayadd cash flow to the current reporting quarter, whereas project deletions can remove cash flow. The original plan—which is the 2019 delivery plan—will remain the same for the first four quarters of the biennium. It may be updated in the fifth quarter to reflect any revisions in the 2020 delivery plan. As the biennium continues, the agency will use these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes in response to projects being emergent, delayed, deferred, advanced and deleted.
2019 Q4 (Q2 2019-2021 biennium)
Cash flows currently higher than original projections
WSDOT originally planned to have $255.9 million in cumulative combined PEF improvement and preservation cash flows at the end of the second quarter of the 2019-2021 biennium, but had $267.2 million (approximately $11.3 million, 4.4% more). Current cash flows can vary from originally planned cash flows due to a number of reasons. For example, emergent projects may add cash flow to the current reporting quarter, whereas project deletions can remove cash flow.
The original plan—which is the 2019 delivery plan—will remain the same for the first four quarters of the biennium. It may be updated in the fifth quarter to reflect any revisions in the 2020 delivery plan. As the biennium continues, the agency will use these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes in response to projects being emergent, delayed, deferred, advanced and deleted.
2019 Q3 (Q1 2019-2021 biennium)
Combined improvement and preservation cash flows currently lower than original projections
WSDOT originally planned to have $146.3 million in cumulative combined PEF improvement and preservation cash flows at the end of the first quarter of the 2019-2021 biennium, but had $127.6 million (approximately $18.7 million, 12.9% less).
The original plan—which is the 2019 delivery plan—will remain the same for the first four quarters of the biennium. It may be updated in the fifth quarter to reflect any revisions in the 2020 delivery plan. As the biennium continues, the agency will use these original plans as goals to achieve while working to meet projections set forth in the current plan. The current plan is more fluid and reflects quarterly changes in response to projects being emergent, delayed, deferred, advanced and deleted.
2019 Q2 (Q8 2017-2019 biennium)
Combined improvement and preservation cash flows currently lower than original projections
WSDOT originally planned to have $1.01 billion in cumulative combined PEF improvement and preservation cash flows at the end of the eighth quarter of the 2017-2019 biennium, but had $985.3 million (approximately $29.0 million, 2.9% less). At the end of a biennium, funds not spent on active projects are reappropriated into the ensuing biennium, creating an expenditure plan that exceeds the PEF allotment plan. The allotment plan is adjusted when the first supplemental budget is approved. As an additional strategy, WSDOT may also over-program how many preservation projects are planned for a biennium to help ensure it uses all of its federal obligation authority.
2019 Q1 (Q7 2017-2019 biennium)
Combined improvement and preservation cash flows currently lower than original projections
WSDOT originally planned to have $846.5 million in cumulative combined PEF improvement and preservation cash flows at the end of the seventh quarter of the 2017-2019 biennium, but had $812.1 million (approximately 4.1% less). WSDOT expects to increase planned PEF expenditures in the final quarter to meet the original biennial expenditure plan by the end of the biennium.
At the end of a biennium, funds not spent on active projects are reappropriated into the ensuing biennium, creating an expenditure plan that exceeds the PEF allotment plan. The allotment plan is adjusted when the first supplemental budget is approved. As an additional strategy, WSDOT may also over-program how many preservation projects are planned for a biennium to help ensure it uses all of its federal obligation authority.