Date(s) - 12/01/2016
2:00 pm - 3:00 pm iCal (add to your calendar)
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Thursday, December 1, 2016
(1:00pm-2:00pm CST | 12:00pm-1:00pm MST | 11:00am-12:00pm PST)
As water infrastructure ages, it loses value due to wear and tear. The accounting term that represents this reduction in value is depreciation. Where does this number come from? What does it actually mean? And how can it be used to improve the management of water systems?
- Explained how accountants measure depreciation for water systems,
- Discussed the differences in the depreciated value of water assets as measured by accountants vs. their actual condition, and
- Explored ways that depreciation can be incorporated into long-term system planning.
This webinar is most appropriate for individuals who make financial and managerial decisions on behalf of their water systems such as managers, budget and finance officers, clerks, and governing board members.
Glenn Barnes, Senior Project Director – The Environmental Finance Center at The University of North Carolina