PROGRAM AND PROJECT FINANCIAL NEEDS ASSESSMENT: PROJECT BUDGETING, ACCOUNTING, AND REPORTING RESEARCH REPORT

This report presents the findings and recommendations of Dye Management Group, Inc. to improve project budgeting, accounting, and reporting for the Arizona Department of Transportation (ADOT). The project was conducted in five tasks: Initiate project; Document requirements; Survey project financial management best practices; Analyze alternatives and recommend options; and Develop preferred option implementation plan. Reports were provided to ADOT for each of these tasks. These separate reports are consolidated into this report. The report presents requirements for improving the financial controls and reporting for ADOT projects. Four financial improvement projects were recommended to address the needs of ADOT. For projects that had technical alternatives, the alternatives are presented with a recommended approach. Dye Management Group, Inc. conducted a literature search and a survey of practices employed by other transportation organizations to support project budgeting and accounting. The best practices information obtained from this effort contributed the recommended solutions to improve ADOT's financial information. The final chapter is an implementation plan for the preferred alternatives. The four projects are: Budget Processes and Architecture; Budget and Financial Reporting; Financial Policies and Procedures; and Financial Training. The implementation plan identifies tasks and subtasks required to complete each project.

Language

  • English

Media Info

  • Features: Appendices; Figures; Tables;
  • Pagination: 203 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00962095
  • Record Type: Publication
  • Report/Paper Numbers: FHWA-AZ-02-515,, Final Report
  • Contract Numbers: SPR-PL-1-(59)515
  • Files: NTL, TRIS, USDOT, STATEDOT
  • Created Date: Aug 18 2003 12:00AM