FINANCIAL PLANNING GUIDE FOR TRANSIT. REVISED EDITION

This guide 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 interested private parties in the preparation of comprehensive and realistic financial plans -- for new capital investments, recapitalization efforts, and the ongoin operation of existing services. Major elements covered are: (1) Definition of the financial planning process, (2) Identification of how cost and revenue projections are developed for financial planning purposes, and (3) Description of the development and implementation of a financial plan. The guide is designed to be useful both in meeting UMTA's planning and reporting requirements and in guiding 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.