- This event has passed.
Webinar | Budgeting Analysis & Rate Setting Part 1
May 12, 2021 @ 10:00 am - 12:00 pmFree
As a board member, officer, manager or operator of your community’s water system, you have a very important responsibility. Your job is to ensure that the water system provides your community with an adequate supply of clean, safe drinking water delivered at a price that not only covers all the costs of providing the service but also allows the system to prepare and plan to provide it for many years to come. In this class we will break down the components to build a strong, realistic budget upon which to base your rates. We will also examine different rate structure types and how to select the one that best suits your community. When you go through this process, you will ensure your system receives the proper amount of income to cover all the functions on the expenses side of water production and delivery.
Participants will learn:
- Where to start to build a strong budget
- How to identify the “true costs” of providing the service
- How to use historic information to analyze rates
- How to determine the appropriate rate structure for your community
The recommended audience includes governing bodies, bookkeepers/accountants, operators and managers.