A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management (2019) / Chapter Skim
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Pages 79-89
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From page 79... ...
79 With the calculations in the Financial Plan complete, this chapter helps the TAM professional communicate and present the plan in the TAMP. Naturally, the financial plan incorporates a great many numbers, but effectively communicating the significance of the figures through compelling visuals and narrative descriptions helps demonstrate the need for investment and the critical nature of prudent asset management.
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From page 80... ...
80 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management 7.2 Sources and Uses The steps in Chapter 3 help identify the sources and uses. These steps result in a table or list of funds and the dollar amounts of revenue and expenditures for a representative year's budget.
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From page 81... ...
Communicating the Results 81 Sources Uses All Bonds Figure 7-2. Example Sankey diagram.
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From page 82... ...
82 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management showing Minnesota's uses of transportation funding (Minnesota GO 2018)
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From page 83... ...
Communicating the Results 83 Next, users can enter the dollar amounts for each of the source and use categories created above. The screen shown in Figure 7-5 can be accessed by clicking on "Sources and Uses" under the "Data Entry" heading on the left side of the screen.
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From page 84... ...
84 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management 2020 2021 2022 2023 2024 2025 2026 2027 2028 General Funds + Gas Tax Gas Tax Registration Fees Motor Vehicle sales tax All Bonds All Local All Tolls 2019 Figure 7-6. Bar charts of revenue forecast.
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From page 85... ...
Communicating the Results 85 projections from 2016, and revised projections from 2017. The commentary accompanying the figure documents changes in the forecast as well as risks that may impact actual revenues.
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From page 86... ...
86 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management data entry screen which is accessed on the tool by clicking on "Financial Projections" under the "Data Entry" tab on the left side of the screen. Once all the data is entered, the user can view the visualizations.
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From page 87... ...
Figure 7-13. Online tool projection summary.
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From page 88... ...
88 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management 7.4 Asset Value The final aspect of the financial plan for asset management that needs to be included in the TAMP is information on the asset value of assets in the TAMP. The steps in Chapter 6 guide the practitioner in calculating the asset value using either the GASB Statement 34 value or the DRC methodology.
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From page 89... ...
Communicating the Results 89 Gross Replacement Value Current Value Bridge Interstate ($26204400.00) Bridge NHS ($4758960.00)
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