28-335. Comprehensive financial management
system
A. The department shall establish a comprehensive financial management system.
B. The comprehensive financial management system shall include separate
certifications of future estimated revenues and future estimated system costs as
reflected in the long-range statewide transportation plan developed and updated pursuant
to sections 28-307 and 28-506. All transportation revenues, including federal, state,
regional and local revenues, shall be included in the certifications. All transportation
costs shall be included in the certification of anticipated costs, including optimal
long-term system preservation costs and system maintenance and administration costs as
well as system expansion costs. In developing the data collection and reporting
methodologies, until January 1, 2006, the department shall provide for the use of
estimates of the items required in this section if the department or a regional or local
transportation agency is unable to obtain reliable information pertaining to the items
required.
C. The department shall complete the certifications on or before December 31, 2004
and on or before July 1 of each even-numbered year thereafter.
D. All state, regional and local transportation agencies shall assist the
department in preparing the certifications. Tribal governments are encouraged to assist
the department in preparing the certifications.
E. If the department is unable to obtain reliable information concerning the
revenues or costs of components of the transportation system, it may develop and use
estimates of those amounts in order to comply with this section.
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