Course Details
Course Details
Course ID
722
Course Name
Financial Management Basics for Small Utilities
Contact Hours
6.0
Approved Industry
Drinking Water and Wastewater
Partner Name
Pennsylvania Rural Water Association
Primary Contact
Joel Jordan
jjordan@prwa.com
8143539302 Ext. 201
Website
Description
Nothing is as important to a community's public health and economic development as its infrastructure; and two of the main components of strong infrastructures are the water and wastewater systems.
Every system must have three primary capabilities to effectively protect an adequate water supply and an environmentally safe wastewater operation; managerial ability, financial resources and technical expertise.
This course is designed to address how to manage and control the systems financial capability as set forth by the U.S. Environmental Protection Agency (EPA).
The financial health of utility can mean the difference between success and failure. A system cannot be financially viable if they do not know how to handle the monies involved in the operation of the business.
Course Level
Basic thru Intermediate
Course Content
* Revenues & Rate Setting
* Basic Rate Setting Principles
* Evaluating Small System Rates
* General Overhead Allocation
* Minimum Reserve Levels
* Accounting and Bookkeeping
* Budgeting
* Case Studies
* Planning
* Business Plans
* Asset Management
* Capital Improvement Planning
* Audits
* Review Questions
* Evaluations & Feedback
Target Audience
Operators, board members, regulators, office staff and managers.
Training Format
Classroom