Guide to Calculating Ownership and Operating Costs of Department of Transportation Vehicles and Equipment: An Accounting Perspective (2020) / Chapter Skim
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3 than by objectives such as minimizing vehicle lifecycle costs. Consequently, inadequate replacement spending not only increases the age and operating costs of a fleet but results in the accumulation of replacement needs.
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4 determine state DOT budget priorities, establish cost accounting procedures, determine the type of enterprise software used at the DOT, and determine the fleet's strategic focus and mission. These individuals use fleet cost information to prioritize budget expenditures and justify fleet costs to elected officials.
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5 resources that can be applied elsewhere. Most decisions involving outsourcing are for the long run and cannot be easily reversed without incurring significant costs.
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6 However, funding of state DOT fleets is rarely this idealistic or simple. DOTs are typically organized into department functions -- such as Transportation Planning, Highway Safety, and Maintenance -- that share revenues and costs, so DOTs typically lack a dedicated fleet fund.
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