Subjects addressed:Financial Management/Asset Valuation
Topics addressed:Asset Management Plans, Guidance/Lessons Learned, Legislation
Asset types addressed:Bridge, General, Pavement
DetailTitle: Developing TAMP Financial Plans – FHWA Interim Guidance
Resource type: Guide/ Manual
Year published: 2017
This document explains how State DOTs can develop financial planning processes to support development of their 10-year transportation asset management plans (TAMPs). The FHWA defines a TAMP financial plan as “a long- term plan spanning 10 years or longer, presenting a State DOT’s estimates of projected available financial resources and predicted expenditures in major asset categories that can be used to achieve State DOT targets for asset condition during the plan period, and highlighting how resources are expected to be allocated based on asset strategies, needs, shortfalls, and agency policies.”1 The TAMP financial plan describes the financial environment in which the agency expects to operate on an annual basis over the full time period covered by the TAMP.