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Pages 48-54

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From page 48...
... 48 Incorporating Maintenance into Financial Plans The Purpose of a Financial Plan A financial plan is a key component of a TAMP. State DOTs are required to include financial plans in their federally compliant TAMPs (23 USC 119)
From page 49...
... Incorporating Maintenance into Financial Plans 49   process that can be used to incorporate maintenance costs into a TAMP. It is modified from NCHRP Research Report 898, recognizing that the scope of this effort only includes maintenance costs within the broader process presented in the report (Spy Pond Partners et al.
From page 50...
... 50 A Guide to Incorporating Maintenance Costs into a Transportation Asset Management Plan Step 2 -- Identify Maintenance Fund Sources The TAMP financial plan is likely to include a high-level list of revenue sources, such as those identified in NCHRP Research Report 898 (Spy Pond Partners et al.
From page 51...
... Incorporating Maintenance into Financial Plans 51   be related to performance, as described in Chapters 3 and 4. Table 6-1 provides some examples of how sources and uses can be grouped.
From page 52...
... 52 A Guide to Incorporating Maintenance Costs into a Transportation Asset Management Plan • Is the detail sufficient? Are the categories clear?
From page 53...
... Incorporating Maintenance into Financial Plans 53   cost would be mowing or snow and ice control. Although the actual expenditures for these activities may vary greatly from year to year, the budgets for these activities can be treated as xed costs that are not available to achieve TAM objectives.
From page 54...
... 54 A Guide to Incorporating Maintenance Costs into a Transportation Asset Management Plan A common practice for forecasting a fixed cost is to start with an average of the expenditures for that item over the 3 most recently completed years. That 3-year average may then be adjusted in future years to account for inflation, other trends, or uncertainties as described above.

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