ID Online Training | Finance & Budgeting Principles for Idaho Water Systems

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Date and Time: 6-28-2022 @ 09:00 AM (MDT) to 6-28-2022 @ 10:30 AM (MDT)
Location: Online Event

Description: This workshop will introduce participants to a wide array of financial topics from rates to budgets to financial health metrics. There will also be an opportunity to be introduced to a financial assessment tool created by the SW EFC, available at no cost to you, which can be used to understand your utility’s finances. Topics include:

  • Budgets: Why we do them, how we use them
  • Chart of Accounts: What is it and what is it for?
  • The difference between revenue and income
  • The difference between expenditures and expenses
  • What are assets and liabilities and how are they recorded?
  • Financial Reports (Profit and Loss and Balance Sheet) and how to read them
  • User rate structures and how they impact revenue, expenses, and affordability
  • Financial Health Indicators (ratios) and what they mean

 

Trainers: Heather Himmelberger, Director; Sandi Blanton, Research Scientist; and Luke Andrews, GIS Analyst, Southwest Environmental Finance Center at the University of New Mexico

Cost: Complimentary.

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

Continuing Education Units: Pending Approval.

Partners:

To register for this event please visit the following URL: https://unm.zoom.us/meeting/register/tJYucOmorj0oGNfobVspDHYzMz4NAThJLnRe →

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