FINANCIAL PLANNING GUIDE. FINAL REPORT. APRIL 1990 REVISED EDITION

The Financial Planning Guide for Transit presents the details of the overall financial planning process and the procedures that make up the process. It is designed to aid public agencies and private parties in the preparation of comprehensive and realistic financial plans--for new capital investments, recapitalization efforts, and the ongoing operation of existing services. The major elements of the Guide are: definition of the financial planning process; identification of how cost and revenue projections are developed for financial planning purposes; and description of the development and implementation of a financial plan, including discussion of market financing mechanisms and requirements, how dedicated revenue sources and market financing programs are developed, the development of financing packages, and performance of financial capability analysis. The Guide has been designed to be useful both in meeting UMTA's planning and reporting requirements (e.g., in demonstrating financial capacity) and in guiding local agencies in evaluating and addressing their own financing needs either in providing the local match to federal funds or in developing sufficient financing to proceed without federal funds, if such an approach is considered feasible.