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TEAMS delivers a fiscally sound asset management foundation.(Best Practices)

Government Finance Review

| June 01, 2008 | Thorp, William; Sanchez, James "Bo" | COPYRIGHT 2008 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Every transportation agency must accurately forecast and prioritize capital expenditures and manage assets effectively to properly maintain and improve its infrastructure. Private industry has been implementing asset management programs for years. Public agencies are following suit, with transportation agencies typically at the forefront, as they are heavy in infrastructure assets that require ongoing maintenance. Toll agencies, in particular, have taken an early lead as organizations that, like profit-centered businesses, need to justify budgets based on revenues.

Florida's Turnpike Enterprise, a division of the Florida Department of Transportation (FDOT), has ...

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