FINANCIAL PLANNING TECHNIQUES

The workshops on financial planning techniques disccused a series of things related to the process of financial planning: the need for an alleged benefits of financial planning, the end result, and the interrelationships between financial planning and strategic planning. Financial planning is not itself a plan; it is a political process of resource allocation that searches for workable solutions. It is a weighing of alternatives and the selection of options. An aparent conclusion was that financial planning is necessary and possible but that the plan must reflect the felt needs for services within a given community. The plan should include a description of the product, actual services to be provided, and revenues being generated; it should also reflect the political consensus that has grown for developing the service plan and raising revenues. The plan should be a workable implementation strategy for laying out concrete steps. There was apparent agreement that strategic planning should be the basic for financial planning, although the process is difficult to implement. From a private sector point of view, strategic planning is a marketing concept usd for product development and market segmentation. The strategic plan is the expenditure side of the budget; it projects or determines needs in a more accurate fashion. Financial planning reflects the strategic decisions made on how to raise funds; the financial plan relates these service elements to the financial constraints in which the work must be done.

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/sr/sr208/sr208-015.pdf
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/0360859X
• Supplemental Notes:
  • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. This paper appeared in TRB Special Report 208, Proceedings of the Conference of Evaluating Alternative Local Transportation Financing Techniques. Conference was conducted by TRB and sponsored by FHWA and UMTA, November 28-30, 1984, Denver, Colorado.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Miller, John
• Conference:
  • Conference on Evaluating Alternative Local Transportation Financing Techniques
  • Location: Denver Colorado, United States
  • Date: 1984-11-28 to 1984-11-30
• Publication Date: 1985

Media Info

• Media Type: Digital/other
• Pagination: p 61
• Monograph Title: PROCEEDINGS OF THE CONFERENCE ON EVALUATING ALTERNATIVE LOCAL TRANSPORTATION FINANCING TECHNIQUES
• Serial:
  • Transportation Research Board Special Report
  • Issue Number: 208
  • Publisher: Transportation Research Board
  • ISSN: 0360-859X

Subject/Index Terms

• TRT Terms: Businesses; Economic development; Finance; Functions; Planning; Politics; Public transit; Strategic planning; Workshops
• Uncontrolled Terms: Financial planning
• Old TRIS Terms: Functions
• Subject Areas: Administration and Management; Economics; Finance; Highways; Planning and Forecasting; Public Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 00451160
• Record Type: Publication
• Files: TRIS, TRB, ATRI
• Created Date: Nov 30 1985 12:00AM