Description: There are many responsibilities associated with water systems. Many residents, board members and operators are not aware of the scope of a water system’s fiduciary responsibilities. Improved understanding of the true cost of water and how to ensure water systems are meeting their fiduciary responsibilities are key to ensure water systems remain viable. Participants will learn about basic financial management and rate setting principles all water systems should be aware of and actively implementing. Participants will learn how to establish a rate structure based on the true cost of producing and delivering water.
Who should attend: utility general managers, board members, operators, financial analysts for small water systems and small water system customers interested in learning more about the financial responsibilities and decisions small water systems must make to keep the service afloat.
Accreditation: 4 California Drinking Water Contact Hours awarded