Source: www.kytc.state.ky.us
Topic: Forecasting
Sort Desciption: HIGHWAY PROJECT MANAGEMENT DATABASEENHANCED HIGHWAY PROJECT FORECASTING CAPABILITIES Six-Year Highway Plan KYTC uses an Oracle database to house Six-Year Highway Plan (SYP) information for the ...
Content Inside: CASH MANAGEMENT SPENDING PLAN TABLE OF CONTENTS List of Figures.... ii Executive Summary.. . iii INTRODUCTION 1 Background 1 Previous Policy - Obligation Basis. 1 Current Policy - Cash Basis2 SCOPE OF THE CASH MANAGEMENT SPENDING PLAN. 5 Road Fund 5 Federal Fund 7 The Federal Receivable8 FEDERAL HIGHWAY PROGRAM. 9 Overview .. 9 Authorization Act and Appropriations Act.10 Federal Prefinanced Projects.10 CASH MANAGEMENT 12 Programmatic Issues and Cash Management Practices12 CASH INFLOWS 12 Road Fund Revenue Forecasting12 Federal Revenue Forecasting.13 Cash Borrowing Capability14 CASH OUTFLOWS 15 Expenditure Forecasting - Non-Six-Year Highway Plan Programs. 15 Expenditure Forecasting - Active Six-Year Highway Plan Projects. 16 HIGHWAY PROJECT MANAGEMENT DATABASE - ENHANCED HIGHWAY PROJECT FORECASTING CAPABILITIES.18 CASH FLOW MODEL 18 NEW HIGHWAY PROJECT AUTHORIZATIONS 19 PROCEDURES FOR SUSPENDING WORK ON ACTIVE HIGHWAY PROJECTS .20 KYTC'S COMMITMENT TO SOUND CASH MANAGEMENT PRACTICES22 Appendix: Cash Flow Model LIST OF FIGURES 1. Gross Road Fund Cash Balance3 2. FY 2004 Road Fund Estimate5 3. FY 2004 Road Fund Appropriations. 6 4. Net Road Fund Cash Balance8 ii EXECUTIVE SUMMARY The 2000-2002 Biennial Budget (HB502) enacted by the General Assembly established the Prefinancing Road Projects Program (Program) authorizing the Kentucky Transportation Cabinet (KYTC) to develop and implement a program to accelerate projects in the Biennial Highway Construction Plan. The 2002-2004 Biennial Budget (HB269) modified the plan requiring KYTC to maintain a minimum Road Fund cash management target of $100 million. As developed the Program permitted KYTC to initiate work on highway projects in excess of available budget authority by employing a cash flow financing program. In accordance with the General Assembly's authorization KYTC used the Road Fund cash balance to accelerate high ...
