ASSET MANAGEMENT IN THE TRANSIT INDUSTRY

This report is intended to get transit agencies to examine their balance sheets to uncover hidden assets and adopt financial practices to generate increased non-operating revenues. The primary purpose is directed to both top-of-line and bottom-line financial results for transit agencies. The historical trend has witnessed a somewhat stable but insufficient performance regarding farebox revenues to fund transit operations. This has caused a reliance on non-operating revenue sources such as grants, appropriations, and broad-based taxes. A worthwhile objective for transit agencies is to grow non-farebox operating revenues, which is a major focus of assset management. By achieving this objective, transit agencies will then have the ability to allocate more non-operating revenues to capital projects. The materials included in the report discuss financial issues in asset utilization. This discussion defines classes of assets in balance sheet context. Technical materials which cover the valuation of transit assets from an accounting perspective are included in an appendix.

  • Corporate Authors:

    KPMG Peat Marwick

    8150 Leesburg Pike, Suite 800
    Vienna, VA  United States  22180
  • Publication Date: 1991-3

Media Info

  • Pagination: v.p.

Subject/Index Terms

Filing Info

  • Accession Number: 00610674
  • Record Type: Publication
  • Source Agency: Urban Mass Transportation Administration
  • Report/Paper Numbers: UMTA-UTS-10-91-1
  • Files: TRIS, USDOT
  • Created Date: Jun 30 1991 12:00AM