THE CASE FOR CAPITAL BUDGETING IN THE STATE HIGHWAY DEPARTMENTS AND DISCUSSION

CAPITAL BUDGETING FROM THE STANDPOINT OF STATE HIGHWAY DEPARTMENTS IS DISCUSSED BECAUSE IT SHOULD CONTRIBUTE TO MORE ORDERLY, SYSTEMATIC, AND EFFICIENT ROAD-BUILDING. HIGHWAY CAPITAL BUDGETING INVOLVES SELECTING A PRIORITY-BASED LIST OF CONSTRUCTION PROJECTS, CAREFULLY LINKING THE CONSTRUCTION PROGRAM WITH A FORMAL FINANCIAL SCHEME, AND CARRYING OUT THE ENTIRE PLAN THROUGH A DEFINITE WORK SCHEDULE. CAPITAL BUDGETING EMBODIES TECHNICAL PLANNING AS WELL AS FINANCIAL PLANNING. THE CAPITAL BUDGET MUST BE THE BASIC MANAGEMENT MEANS OF FORMULATING AND EXECUTING THE CONSTRUCTION PROGRAM. UTILITY, LIMITATIONS, AND IMPEDIMENTS TO EFFECTIVE CAPITAL BUDGETING ARE DESCRIBED. A BRIEF REVIEW IS PRESENTED OF STATE HIGHWAY CAPITAL BUDGETING PRACTICE. THE PRELIMINARY FINDINGS OF A PROJECT ON CONSTRUCTION BUDGETING PRACTICE IN THE STATE HIGHWAY DEPARTMENTS BEING MADE FOR THE KENTUCKY DEPARTMENT OF HIGHWAYS IN COOPERATION WITH THE BUREAU OF PUBLIC ROADS ARE PRESENTED.

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Filing Info

  • Accession Number: 00200983
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Sep 29 1994 12:00AM