A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management (2019) / Chapter Skim
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Pages 94-104
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From page 94... ...
94 This appendix describes a set of case studies performed to collect additional information on specific practices used for financial planning in a cross section of agencies. Case studies were performed for two international agencies, Highways England and Thames Water, and one public agency, Texas DOT.
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Case Studies 95 treasury spending round. This funding forms the basis of the financial plan for capital maintenance that is developed by Highways England for its regions.
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96 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management Implications for the TAMP Financial Plan The commitment of funding for 5 years enables Highways England to set out a committed long-term financial plan. This enables its maintenance regions to set out 5-year maintenance programs with a high degree of certainty in terms of funding.
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From page 97... ...
Case Studies 97 undertake financial planning and the link with its delivery plan and its approach to meeting its performance requirements. Description of Practice There are a number of steps involved in developing and delivering the financial plan.
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From page 98... ...
98 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management The regulator will, however, monitor performance annually against the outcomes and associated measures proposed by companies in their plans and agreed in the final determination. This will be executed via an agreed assurance process.
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From page 99... ...
Case Studies 99 A.3 Texas Department of Transportation Case Study Overview The Texas Department of Transportation (TxDOT) is responsible for managing the stateowned roads in the State of Texas.
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100 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management The UTP is an intermediate programming document and part of a comprehensive planning and programming process. It links the planning activities of the SLRTP, the Metropolitan Transportation Plans, and the Rural Transportation Plan, as well as detailed programming activities under the STIP and the 24-month plan for project development (the Letting Schedule)
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Case Studies 101 guarantee that projects will or can be built. However, it is a critical tool in guiding transportation project development within the long-term planning context.
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From page 102... ...
102 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management between categories. Ultimately the use of these tools may result in changes to TxDOT's funding formulas and/or revisions to the investment categories defined by the Texas Legislature for the UTP.
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