CT Online Training | Financial Planning and Rates for Connecticut Small Water Systems – Part 2
Part 1 | Monday, July 25, 2022
Part 2 | Monday, August 8, 2022
Time: 11:00 AM – 12:00 PM EDT
*Register once for both sessions.
Part 1: Basic Financial Planning and Benchmarking
This training will discuss how to think about the water system as a financial entity and will examine the key financial indicators that allow water systems to make informed decisions in planning and investment. In a hands-on exercise, participants will learn how to calculate and interpret a water system’s operating ratio, debt service coverage ratio, current ratio, and days of cash on hand. We will also discuss how funders use these numbers in deciding whether or not to provide funding for capital improvements.
Part 2: Funding Your Water System with User Rates
Most funds for day-to-day expenses comes from users and user rates in one way or another. This training will present the basics of rate structure design and how different rate structures can affect revenue generation, help or hinder varying objectives of the utility, and support affordability.
This training will describe different elements of water rate structures, including customer classifications, base charges, consumption allowances, volumetric rates, and others. Examples will be discussed, and participants will have opportunities to ask questions.
Trainer: Elsemarie Mullins, Project Director, Environmental Finance Center at the University of North Carolina
Continuing Education Units: Pending Approval.
Who Should Attend:
- Managers, owners, and operators of water systems serving less than 10,000 people
- Decision-makers for water utilities, including mayors, finance officers, utility managers, public works directors, city councilors, board members, tribal council members, and clerks
- Consultants and technical assistance providers serving water systems