DEVELOPMENT OF 5-YEAR FINANCIAL PLAN.

SEC. 204. DEVELOPMENT OF 5-YEAR FINANCIAL PLAN.(a) Development of 5-Year Financial Plan.—The Amtrak Board of Directors shall submit an annual budget and business plan for Amtrak, and a 5-year financial plan for the fiscal year to which that budget and business plan relate and the subsequent 4 years, prepared in accordance with this section, to the Secretary and the Inspector General of the Department of Transportation no later than—(1) the first day of each fiscal year beginning after the date of enactment of this Act; or(2) the date that is 60 days after the date of enactment of an appropriations Act for the fiscal year, if later.(b) Contents of 5-Year Financial Plan.—The 5-year financial plan for Amtrak shall include, at a minimum—(1) all projected revenues and expenditures for Amtrak, including governmental funding sources;(2) projected ridership levels for all Amtrak passenger operations;(3) revenue and expenditure forecasts for non-passenger operations;(4) capital funding requirements and expenditures necessary to maintain passenger service in order to accommodate predicted ridership levels and predicted sources of capital funding;(5) operational funding needs, if any, to maintain current and projected levels of passenger service, including State-supported routes and predicted funding sources;(6) projected capital and operating requirements, ridership, and revenue for any new passenger service operations or service expansions;(7) an assessment of the continuing financial stability of Amtrak, as indicated by factors such as anticipated Federal funding of capital and operating costs, Amtrak’s ability to efficiently recruit, retain, and manage its workforce, and Amtrak’s ability to effectively provide passenger rail service;(8) estimates of long-term and short-term debt and associated principal and interest payments (both current and anticipated);(9) annual cash flow forecasts;122 STAT. 4914(10) a statement describing methods of estimation and significant assumptions;(11) specific measures that demonstrate measurable improvement year over year in the financial results of Amtrak’s operations;(12) prior fiscal year and projected operating ratio, cash operating loss, and cash operating loss per passenger on a route, business line, and corporate basis;(13) prior fiscal year and projected specific costs and savings estimates resulting from reform initiatives;(14) prior fiscal year and projected labor productivity statistics on a route, business line, and corporate basis;(15) prior fiscal year and projected equipment reliability statistics; and(16) capital and operating expenditures for anticipated security needs.(c) Standards To Promote Financial Stability.—In meeting the requirements of subsection (b), Amtrak shall—(1) apply sound budgetary practices, including reducing costs and other expenditures, improving productivity, increasing revenues, or combinations of such practices;(2) use the categories specified in the financial accounting and reporting system developed under section 203 when preparing its 5-year financial plan; and(3) ensure that the plan is consistent with the authorizations of appropriations under title I of this division.(d) Review by DOT Inspector General.—Within 60 days after their submission by Amtrak, the Inspector General of the Department of Transportation shall review the annual budget and the 5-year financial plans prepared by Amtrak under this section to determine whether they meet the requirements of subsection (b) and shall furnish any relevant findings to the Committee on Transportation and Infrastructure of the House of Representatives, the Committee on Appropriations of the House of Representatives, the Committee on Commerce, Science, and Transportation of the Senate, and the Committee on Appropriations of the Senate.