Subd. 1. Definitions.

1. (a) For purposes of this section, the following terms have the meanings given.
2. (b) "Funding source" means an applicable tax or revenue source received by a reporting unit under sections 174.49, subdivision 3, clause (1); 297A.9915, subdivision 4; 297A.993, subdivision 1; and 398A.04, subdivision 8.
3. (c) "Reporting unit" means a county, regional railroad authority, or other political subdivision that is specifically required to submit financial information under this section.

Subd. 2. Consolidated report.

1. (a) By March 1 annually, the commissioner must submit a report on consolidated local transportation financials to the chairs and ranking minority members of the legislative committees with jurisdiction over transportation finance and policy.

2. (b) At a minimum, the report must include:

   1. (1) the information specified under subdivision 3 for each funding source;
   2. (2) additional information as specified under section 174.49, subdivision 7;
   3. (3) subtotals for each reporting unit that is required to submit financial information under this section; and
   4. (4) totals for all reporting units.
3. (c) The commissioner may establish submission requirements for the financial information, which may include but is not limited to a submission deadline and a format for the fiscal details.

Subd. 3. Required financial information.

1. (a) At a minimum, each reporting unit must submit financial information on each funding source that includes:

   1. (1) actual allocations or collections to the reporting unit for each of the previous five calendar years;
   2. (2) balance actuals for each of the previous five calendar years;
   3. (3) estimates of the amount that is expected to be allocated to or collected by the reporting unit in the current year and for the next five calendar years; and

   4. (4) for each of the previous five calendar years, the current calendar year, and for the next five calendar years:

      1. (i) the amount expended or proposed to be expended for each of the following, as applicable:

         (A) planning, project development, construction, operation, or maintenance of guideways, as defined in section 473.4485, subdivision 1, paragraph (d);

         (B) nonguideway transit uses;

         (C) active transportation uses;

         (D) highway uses; and

         (E) uses not otherwise specified in subitems (A) to (D);

      2. (ii) for each subitem under item (i), an accompanying list of completed, current, planned, and anticipated projects; and
      3. (iii) an estimated balance of unspent or undesignated amounts from the funding source.
2. (b) The listing under paragraph (a), clause (4), item (ii), must include a brief identification or description of each project or program.