Funding and Finance

Budgeting and Appropriations	Annual budget; fiscal year begins July 1.
Bonding or Pay-as-You-Go	Combination of bonding and pay-as-you-go financing. The outstanding principal for general obligation bonds was $339.5 million as of June 2010.
State-Level Funding Provided for DOT Budgets	FY 2011 (approved): $1.4 billion FY 2010: $1.4 billion FY 2009: $1.2 billion FY 2008: $1.1 billion
Allocation of Federal Transportation Funds to the DOT	Federal transportation funds are allocated to WVDOT as a state legislative appropriation at the agency level.
Allocation of State Transportation Funds to the DOT	As with federal funds, state transportation funds are allocated to WVDOT as a state legislative appropriation at the agency level.
Traditional State Funding and Finance for Highways	Fuel taxes; additional sales taxes on gasoline or diesel; motor vehicle/rental car sales taxes; vehicle registration/license/title fees; highway litter control fund; general obligation bonds.
State Funding and Finance for Other Modes	Transit, rail, aviation and ports: General funds. These funds must be appropriated by the Legislature in the annual budget bill, which gives the authority to the agency to spend the appropriation (see W. Va. Code ch. 12). Bridges: Included with highways.
Innovative Transportation Funding and Finance	GARVEE bonds; PPPs (authorized in statute with legislative approval requirements, used for at least one project prior to enactment of current requirements); design-build (authorized in statute); impact fees.
Dedicated/Restricted State Funds and Revenues	The state constitution restricts use of all revenues derived from motor vehicles or motor fuels solely to public highways (W. Va. Const. art. VI, §52). Use of the State Road Fund-to which such revenues are deposited-is statutorily restricted to state roads and WVDOT administration (W. Va. Code §§17-3-1 et seq.).
DOT Authorized to Retain Surplus Funds	Surplus funds are retained by WVDOT in the State Road Fund without restrictions. Although the cash balance is retained at the end of the fiscal year, WVDOT must adhere to the appropriations for the new fiscal year. Thus, in order for surplus funds to be spent beyond an existing appropriation, WVDOT must request additional spending authority from the Legislature.
Legislative Approval Required to Move Funds Between Projects	Yes. Expenditure schedules must be amended with the Budget Office of Administration and the Legislative Auditor.
Transportation Funding Allocations through Local Aid	Available funds are allocated by the commissioner of highways to counties for maintenance, construction and reconstruction of feeder and state local service roads. Funds are distributed by statutory formulas based on road mileage. The commissioner can require local matching funds (W. Va. Code §§17-3-6 et seq.).