FINANCIAL REPORTING TO MANAGEMENT
IN 1964 MORE THAN $12 BILLION WAS SPENT IN THE UNITED STATES ON COSTS DIRECTLY RELATED TO ROADS AND STREETS. IN AT LEAST TWO INSTANCES, A SINGLE STATES EXPENDITURES APPROACHED ONE BILLION DOLLARS. WAS THE MONEY SPENT PRUDENTLY AND EFFICIENTLY{ DID HIGHWAY USERS OBTAIN MAXIMUM VALUE FOR THEIR MONEY{ CHARGED WITH RESPONSIBILITY FOR THE GREAT VOLUME AND VARIETY OF ACTIVITIES SUGGESTED BY THE FOREGOING FIGURES, THE HIGHWAY MANAGER MUST DEPEND ON REPORTS, ESPECIALLY FINANCIAL REPORTS, TO ANSWER THESE QUESTIONS. THE DEGREE OF ADMINISTRATIVE EMPHASIS ON FISCAL MATTERS IS EVIDENT ON ALL SIDES, AND ONE NEED ONLY REFER TO THE ACTIVITIES OF THE HIGHWAY RESEARCH BOARD ITSELF DURING THE PAST FEW YEARS TO REINFORCE THE POINT. GOOD FINANCIAL REPORTING IS VITAL TO SUCCESSFUL FINANCIAL MANAGEMENT. /AUTHOR/
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Supplemental Notes:
- Paper sponsored by Committee on Highway Organization and Administration and presented at the 45th Annual Meeting. 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.
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Authors:
- Spencer, Charles H
- Publication Date: 1966
Media Info
- Media Type: Digital/other
- Pagination: pp 1-25
- Monograph Title: Management personnel and costs
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Serial:
- Highway Research Record
- Issue Number: 143
- Publisher: Highway Research Board
Subject/Index Terms
- TRT Terms: Expenditures; Finance; Highway departments; Management; Reports; Specifications
- Uncontrolled Terms: Reporting; Requirement
- Old TRIS Terms: Financial expenditures
- Subject Areas: Administration and Management; Finance; Highways;
Filing Info
- Accession Number: 00200159
- Record Type: Publication
- Files: TRIS, TRB
- Created Date: Nov 10 1994 12:00AM