Project FARE Task V: Industry Control Board Meeting (ICB-1)

Arthur Andersen & Co.

doi:10.21949/1526588

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Project FARE Task V: Industry Control Board Meeting (ICB-1)

1975-12-16
By Arthur Andersen & Co.

[PDF-1.04 MB]

English

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Details:

Corporate Creators:

Arthur Andersen & Co.
Corporate Contributors:

United States. Urban Mass Transportation Administration
Subject/TRT Terms:

[+]

Accounting Finance Financial Reporting Industries Information Management Meetings Nonfinancial Operating Statistics Operations Public Transit Reports Standardization Statistics Uniform Reporting System Urban Mass Transit Industry Urban Transit
DOI:

https://doi.org/10.21949/1526588
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

United States. Urban Mass Transportation Administration
Abstract:

Under Project FARE (Financial Accounting and Reporting Elements, (IT-06-0034), uniform standards, definitions, and procedures for reporting, financial and operating data by the urban transit industry were developed. The objective of this project was to provide a standard system of accounting and reporting information in selected statistical categories in order to facilitate analyses of the transit industry by Federal, state, local, and other agencies. The FARE system will permit a higher degree of comparability between the transit operations of individual properties than has been possible in the past. Project FARE was completed through Task IV in November, 1973, with the publication of the Task IV reports (see Appendix 1.) These documents describe the final FARE accounting and reporting system, including general system instructions; prescribed accounting standards; detailed definitions of all reporting categories; and forms used for reporting the assets, liabilities, capital, revenue, expenses, and nonfinancial operating data for both transit and commuter rail systems. The FARE system has been approved by UMTA and concurred in by the Industry Control Board which advised the FARE Project and whose members represent the financial management officials of transit operating properties. In addition, the ICC, several State DOTs, the American-Transit Association, the National Governors' Conference, and the League of Cities/Conference of Mayors have endorsed the proposal.
Format:

PDF
Collection(s):

US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:ca63f69db715dd12db302e00a3110e6f6dd319027976744f3799d707fcf58fbb
Download URL:

https://rosap.ntl.bts.gov/view/dot/15085/dot_15085_DS1.pdf
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Project FARE Task V: Industry Control Board Meeting (ICB-1)

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