Provide forecasts as required

Introduction

Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. deliverers, NZTA regions, Ministry of Transport and the NZTA Finance team provide forecasts on revenue and expenditure.

Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. deliverers and NZTA regions

Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. deliverers will provide cash-flow information to the NZTA as required.

Approved Organisations are required to input their expected claims forecasts into the Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. Monitor module in Transport Investment Online each quarter.

Approved Organisations are requested to enter forecasts of claims (not expenditure) to the end of the quarter. Note that if the Approved Organisation's normal practice is to submit claims at the beginning of the month, they should include this claim in the forecast. For example, the "Forecast to end March" should include claims submitted by 5th April.

NZTA (planning & investment) regional staff will advise Approved Organisations as required and must validate all forecasts after they are submitted by Approved Organisations, before they are forwarded to the National Manager Investment’s team.

Other programme deliverers will provide expenditure forecasts in the form requested by the National Manager Investment’s team. State highways expenditure forecasts are provided monthly and includes the expected revenue from property transactions into the National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. (NLTP A National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. adopted by the NZTA under section 19 of the LTMA, as from time to time amended or varied ).  Other expenditure forecasts for the Road Policing and NZTA’s Nationally delivered programmes are usually considered quarterly.

Revenue forecasts from Ministry of Transport

The Ministry of Transport is responsible for providing forecasts of expected revenue into the National Land Transport Fund (NLTF The fund established under section 10 of the LTMA ) from Fuel Excise Duty, Road User Charges(RUC Road user charges in accordance with the Road User Charges Act 1977. ) and the Motor Vehicle Registry. These usually are developed every 6 months, in March and October of each year. The forecasts are moderated with Treasury and NZTA officials, and take into account actual revenue for the year to date.

NZTA Finance team’s forecasts and short-term debt decisions

The Finance team develops short-term cash-flow forecasts, showing the daily balance, aimed specifically at managing the NLTF The fund established under section 10 of the LTMA and short-term debt facility. These forecasts use NZ Customs data on fuel flows from the Marsden Point Refinery and fuel import shipments, as well as short-term views of road user charges and motor vehicle registry fees, in addition to data gathered from programme deliverers. These forecasts inform the Finance team’s decisions to draw down and repay short-term debt relating to seasonal variation.

The Finance team will alert the National Manager Investment and Group Manager Planning & Investment of any cash-flow or debt management issues that may arise from its short-term forecasts.