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New Mexico Virtual Training | Finance & Budgeting Principles for New Mexico Water Systems

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Date and Time: 3-30-2021 @ 12:00 PM (EDT) to @ 02:00 PM (EDT)
Location: Online Event
Tuesday, March 30, 2021 10AM-12PM MST Register Online Via Zoom Training Credits: NM Operators and Board Members Approved for 1.5 Training Credits
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
Presenters: Heather Himmelberger, Director, Southwest Environmental Finance Center & Luke Andrews, Research Scientist, Southwest Environmental Finance Center & Sandra Blanton
Partners:
     
 

Event Types

Webinar
 

Event Category

Utility Management
 
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