EFCN and AWWA Host “Setting Water Rates using a Complimentary Excel-based Model” Webinar
July 9, 2015
How would you answer this question? “What should your water rates be to cover all of your expenses in the next few years?”
The Environmental Finance Center Network, in partnership with the American Water Works Association is hosting a webinar on August 11 to help water systems answer this question by demonstrating the Water and Wastewater Rates Analysis Model, a complimentary basic Excel-based tool developed for small water systems by the Environmental Finance Center at the University of North Carolina, Chapel Hill.
DATE: August 11, 2015
TIME: 2:30-3:30PM (eastern)
How does this model work? Users input data on their water system’s expenses, rate structures, number of customers and customer water use. The model then projects revenues, expenses and fund balances for the next few years, giving the user the option to adjust rates as necessary to generate the revenues needed to meet financial obligations.
The model helps water systems determine whether they need to adjust rates, and by how much, in order to achieve financial sufficiency. The model can be used by water systems that set volumetric charges for water as well as systems that only charge flat monthly fees.
Who should participate? This no-cost webinar is designed for water systems serving 10,000 or fewer people, especially targeting local government systems facing financial challenges. Owners of privately owned systems, consultants and technical assistance providers serving small water systems are also invited to participate.