Who We Are
Financial Services has 70 full-time employees. With a biennial operating budget of approximately $29 million (exclusive of debt service). Financial Services manages the Agency’s gross revenues of approximately $5.3 billion, transfers of $895 million, and records and tracks expenditures of $4.1 billion.
What We Do
Financial Services provides a complete range of integrated financial and accounting processes for the Agency.
These processes include:
- Financial statement preparation;
- Accounts payable;
- Accounts receivable;
- Asset accounting;
- Audit and collection;
- Cash forecasting and management;
- Cost allocation;
- Financial analysis and reporting policy;
- Financial forecasting;
- Fuels tax administration;
- Funds administration;
- Innovative finance/debt issuance and management;
- Payroll.
Services provided include:
- Administrative services;
- Financial management;
- Financial systems development and maintenance.
Resources and Publications
Highway Revenues Apportionment
Highway revenues in the State of Oregon have several major sources:
- Motor Vehicle Registration and Title Fees;
- Driver License Fees;
- Motor Vehicle Fuel Taxes;
- Weight-Mile Tax.
Net revenues from the above taxes and fees are deposited into an account known as the State Highway Fund. With minor exceptions, the Oregon Constitution (Article IX, Section 3a) dedicates the highway revenues for the construction, improvement, maintenance, operation and use of public highways, roads, streets and roadside rest areas. There are several statutory provisions that distribute State Highway Fund revenues (
Oregon Revised Statutes - Chapter 366). These are:
- ORS 366.739, distributing revenue raised by taxes and fees in effect prior to 2001.
- ORS 366.742, distributing revenue raised by tax and fee increases authorized in 2001.
- ORS 366.747 and ORS 366.749, distributing revenue raised by tax and fee increases authorized in 2003.
- ORS 366.752, distributing revenue raised by tax and fee increases authorized in 2009.
- ORS 367.095, distributing revenue raised by tax and fee increases authorized in 2017.
The effect of the statutory provisions is summarized below:
STATE
59% distribution.
COUNTIES
25% distribution based on the vehicle registered in each county (ORS 366.764).
CITIES
16% distribution based on population in each city (ORS 366.805).
Revenue and Apportionments
NOTE: (For best results when printing Revenue and Apportionment documents, set page size to legal)
Small County Distribution
Annual SCA 73(2)(a)
City Population
County Vehicle Registrations