Module 9: Financial Management

Helps local officials’ understand sound financial management practices, the importance of using these practices, and the benefits of hiring/securing expert financial assistance. Emphasizes that the drinking water system is a business that should pay for itself. Topics include:

• Recordkeeping and bookkeeping
• The master business plan
• Developing the utility budget
• Basic principles in setting rates
• A brief description of accounting models and why they matter in setting rates
• Steps for evaluating the rates for a small system
• Recovering the cost of providing water
• Building customer support for rate increases
• Special rates
• The annual audit and audit red flags

TRPMCD49..... $8.35

National Research Center for Coal and Energy
West Virginia University

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