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RCAC: Budgeting for Small Water Systems
October 5, 2022 @ 10:00 am - 12:00 pm
Description: In order to remain viable, all public water systems need to acquire and manage sufficient financial resources to achieve and maintain compliance with regulatory requirements. One primary tool to become and remain viable is developing and maintaining a comprehensive budget. This workshop will show board members, managers and operators how to develop a budget, identify revenues and expenses, methods to balance the budget and how to review a budget comparison report on a regular basis.
Participants will learn:
- How to prepare a budget
- How to identify revenue and expenses
- How to identify fiscal policies to assist in balancing the budget
- How to review the budget comparison report on a regular basis
Recommended audience: directors, board members and managers of mutual water companies.