A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management (2019) / Chapter Skim
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1 1.1 Goals and Objectives of Financial Planning The goal of this guidebook is to provide support to transportation executives, managers, and asset management practitioners as they lead the efficient and effective use of transportation assets -- from bridges and pavements to intelligent transportation systems (ITS) and fleet equipment.
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2 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management How to Use This Guidebook This guidebook helps the reader build a TAM financial plan, focusing on developing the financial and numerical data that form the backbone of a financial plan. It is targeted toward state departments of transportation (DOTs)
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Introduction to Financial Planning 3 Chapter 6 moves the reader toward today's valuation of transportation infrastructure assets, walking through the steps and decisions to properly value an agency's diverse and numerous capital assets. Finally, Chapter 7 concludes with insight on TAM financial plan communication.
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4 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management the federal requirements, while considering the broader importance of financial planning as a good practice for both individuals and organizations. Why Do Agencies Have to Prepare a TAM Financial Plan?
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Introduction to Financial Planning 5 a major role in fulfilling the government's duty to be publicly accountable in a democratic society" (GASB 1987)
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6 A Guide to Developing Financial Plans and Performance Measures for Transportation Asset Management These plans all involve forecasting of revenue and expenditures, and it is important to understand each plan in order to be consistent in reporting across the organization. Consistent reporting will enable financial data to be connected across all three plans.
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Introduction to Financial Planning 7 Primary Government ($ in 000's) Governmental Activities Business-type Activities Total ASSETS Cash and cash equivalents $1,223 $1,140 $2,363 Investments 2,451 248 2,699 Receivables (net)
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