Federal regulations require that the TIP include a financial plan that demonstrates there is enough money available to fund projects listed in the TIP for each given year. The tables below have been included to demonstrate financial constraint of the TIP. Each table shows the revenues expected to be available and the proposed expenditures, or commitments, for each fiscal year.
Table 1 depicts the financial constraint for projects that fall under the purview of the Virginia Department of Transportation, while depicts the financial constraint for projects that fall under the purview of Virginia Department of Rail and Public Transportation. Table 2 includes several funding sources for which allocations are determined annually by grantee application. For this reason, it was not possible to show the financial constraint demonstration beyond the first year of the TIP. However, the eventual allocation of funds will not exceed the available revenue for those funding sources.
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