In the spirit of transparency, the North Carolina Department of Transportation (NCDOT) has continued its practice of publishing weekly fiscal health snapshots, a tradition dating back to legislation passed in 2019. This week's "NCDOT Cash Watch Numbers" report was released on the brink of the weekend, providing the public with the latest insights into the department's financial comings and goings.
The latest report, accessible on the NCDOT website, kicks off by revealing the previous combined cash balance and then delves into the current state of fiscal affairs, itemizing receipts and disbursements into broad categories, but it's important to note that these reported weekly balances might not perfectly align with the official monthly cash balance which is determined after careful reconciliation at each month's end. The report also outlines "reserved cash" that's allocated to specific projects, a sum nestling in Trustee Accounts awaiting their call to action upon the completion of projects funded by Build NC bonds, GARVEE bonds, or Energy Savings-Roadway lighting funds.
As the cash balance is subject to daily flux influenced by the timing of incoming revenues and outgoing payments, the NCDOT emphasizes the preliminary nature of these weekly reports. Despite the week-to-week variability, these documents serve as a useful gauge for those interested in tracking the state's transportation funding patterns.
