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http://onlinepubs.trb.org...ubs/sr/sr208/sr208-015.pdf

The workshops on financial planning techniques disccused a series of things related to the process of financial planning: the need for an alleged benefits of financial planning, the end result, and the interrelationships between financial planning and strategic planning. Financial planning is not itself a plan; it is a political process of resource allocation that searches for workable solutions. It is a weighing of alternatives and the selection of options. An aparent conclusion was that financial planning is necessary and possible but that the plan must reflect the felt needs for services within a given community. The plan should include a description of the product, actual services to be provided, and revenues being generated; it should also reflect the political consensus that has grown for developing the service plan and raising revenues. The plan should be a workable implementation strategy for laying out concrete steps. There was apparent agreement that strategic planning should be the basic for financial planning, although the process is difficult to implement. From a private sector point of view, strategic planning is a marketing concept usd for product development and market segmentation. The strategic plan is the expenditure side of the budget; it projects or determines needs in a more accurate fashion. Financial planning reflects the strategic decisions made on how to raise funds; the financial plan relates these service elements to the financial constraints in which the work must be done.

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. This paper appeared in TRB Special Report 208, Proceedings of the Conference of Evaluating Alternative Local Transportation Financing Techniques. Conference was conducted by TRB and sponsored by FHWA and UMTA, November 28-30, 1984, Denver, Colorado.

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1985

Transportation Research Board Special Report

Conference on Evaluating Alternative Local Transportation Financing Techniques

Digital/other

Businesses; Economic development; Finance; Functions (Mathematics); Planning; Politics; Public transit; Strategic planning; Workshops

Financial planning

Administration and Management; Economics; Finance; Highways; Planning and Forecasting; Public Transportation; I10: Economics and Administration

TRIS, TRB, ATRI

Nov 30 1985 12:00AM

• CASE STUDY ON LOCAL FINANCING TECHNIQUES: ATLANTA, GEORGIA
• CASE STUDY ON LOCAL FINANCING TECHNIQUES: BUFFALO, NEW YORK
• CASE STUDY ON LOCAL FINANCING TECHNIQUES: DENVER, COLORADO
• CASE STUDY ON LOCAL FINANCING TECHNIQUES: PORTLAND, OREGON
• EVALUATING ALTERNATIVE LOCAL TRANSPORTATION FINANCING TECHNIQUES
• FINANCIAL ELEMENTS OF URBAN TRANSPORTATION PLANNING: PUZZLING OVER THE METROPOLITAN TRANSPORTATION PUZZLE
• FINANCIAL PLANNING TECHNIQUES: WHAT ELEMENTS ARE INCLUDED IN A GOOD FINANCIAL PLAN?
• FINANCIAL PLANNING: NEEDS, ROLES, AND RELATIONSHIPS
• PACKAGING AND IMPLEMENTING A FEDERAL PLAN: ACHIEVING SUPPORT, CONSENSUS, AND CONSENT
• PACKAGING AND IMPLEMENTING A FINANCIAL PLAN
• PROCEEDINGS OF THE CONFERENCE ON EVALUATING ALTERNATIVE LOCAL TRANSPORTATION FINANCING TECHNIQUES. RESEARCH NEEDS STATEMENT
• PROCEEDINGS OF THE CONFERENCE ON EVALUATING ALTERNATIVE LOCAL TRANSPORTATION FINANCING TECHNIQUES. RESEARCH NEEDS STATEMENT
• REVENUE SOURCES
• SOURCES OF REVENUE FOR LOCAL TRANSPORTATION: WHAT ARE THE POTENTIALS AND THE IMPEDIMENTS?
• UMTA'S PERSPECTIVE