A REVIEW AND UPDATE OF THE VIRGINIA DEPARTMENT OF TRANSPORTATION'S CASH FLOW FORECASTING MODEL

This report details the research done to review and update components of the Virginia Department of Transportation (VDOT) cash flow forecasting model. Specifically, the study updated the monthly factors submodel used to predict payments on construction contracts. For the other submodel reviewed in this study, the research culminated in the formulation of a new forecasting technique for maintenance expenditures. The report is divided into three sections. The research undertaken to update the "Z-Vectors" of the monthly factors submodel and how these new vectors may be used for forecasting purposes is presented in the first section. The development of a new model for predicting maintenance expenditures is documented in the second section of the report. How this new forecasting procedure is used is also explained in this section. Finally, recommendations are suggested to improve the VDOT's cash flow forecasting techniques.

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• Record URL:
  https://rosap.ntl.bts.gov/view/dot/19441
• Corporate Authors:

  Virginia Transportation Research Council

  530 Edgemont Road
  Charlottesville, VA  United States  22903

  Virginia Department of Transportation

  1401 East Broad Street
  Richmond, VA  United States  23219
• Authors:
  • Gillespie, J S
  • Kyte, C A
• Publication Date: 1996-8

Language

• English

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: 55 p.

Subject/Index Terms

• TRT Terms: Cash flow; Contracts; Expenditures; Forecasting; Improvements; Maintenance; Mathematical models; Payment; Recommendations
• Subject Areas: Administration and Management; Finance; Highways; Maintenance and Preservation; Planning and Forecasting; Research; I10: Economics and Administration;

Filing Info

• Accession Number: 00725527
• Record Type: Publication
• Report/Paper Numbers: Final Report, VTRC97-R2, Project No. 9124-030-940
• Files: NTL, TRIS, ATRI, STATEDOT
• Created Date: Sep 6 1996 12:00AM