12.07.2015 Views

FINAL 2012-15 STIP

FINAL 2012-15 STIP

FINAL 2012-15 STIP

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Minnesota Projected Levels of AC The Federal AC shown infigure C-2 shows the projected level of AC MnDOT will becarrying at the end of each state fiscal year. The ending levelof AC includes those projects that were authorized by theFederal Highway Administration (FHWA), have been let,awarded and encumbered by the State. The state fiscal yearruns from July 1 to June 30. Trunk Highway Projects that areauthorized by FHWA but have not gone through the finalprocess of encumbrance are not counted in the year EndingBalance of AC. The AC Beginning Balance comes from theprevious years ending balance. New AC – Planned can befound in the <strong>STIP</strong>.The strategy of using Managed AC on projects that were notplanned to be Advance Constructed through the normalprocess, allows MnDOT to manage through a time whenFederal Funding could be uncertain. This practice will allowMnDOT to be able to absorb a reduction in Federal funds in ayear and not have to reduce the short term program, but makethe necessary corrections in the following year(s). Oncecurrent year Federal funds become available MnDOT willreevaluate the need to AC projects that fall in this group.New AC – Managed, Managed Conversions, as well as thePlanned Conversions can be found in the Minnesota DetailedFinancial Plan, figure C-1.C-1(3)

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