Financial Report

Cash Reserves Pt. 2: Capital Reserves, Debt Service & Rate Stabilization Reserves

Cash Reserves Pt. 2: Capital Reserves, Debt Service & Rate Stabilization Reserves

April 8, 2019 at 12:09 pm 0 comments

By Andy McCartney Editor’s Note: This is the second article in a two-part series on cash reserves for water utilities. As mentioned in the first article on operating reserves, cash reserves are required to meet the operational, maintenance and capital needs of the utility while providing a necessary service 24Read More

White House FY20 budget proposes cuts for EPA, Army Corps

White House FY20 budget proposes cuts for EPA, Army Corps

March 18, 2019 at 6:00 am 0 comments

Funding for the U.S. Environmental Protection Agency would be cut by nearly a third next year under an FY20 budget proposal released by the Trump administration last week. The spending cuts, which would reduce EPA appropriations from their FY19 level of just over $8.8 billion to $6.1 billion next year, would alsoRead More

Enhancing Your Utility’s Long-Term Financial Sustainability & Resilience through Cash Reserves

Enhancing Your Utility’s Long-Term Financial Sustainability & Resilience through Cash Reserves

February 19, 2019 at 1:30 pm 0 comments

By Andy McCartney Personal financial advisors often recommend that families should have enough money in an emergency fund to cover at least three to six months of living expenses. Corporations such as Microsoft, General Electric and Home Depot maintain excess operating funds for their own business reasons. Why should waterRead More

Value for Money…and Beyond

Value for Money…and Beyond

June 20, 2018 at 9:55 am 0 comments

New Financing Options Demand New Evaluation Tools By Mike Matichich Water agencies are faced with a widening array of delivery and finance options for their major capital programs. That is good news, as the industry likely will need everything from the U.S. EPA’s relatively new WIFIA loan program to ‘pay forRead More

Spend Wisely

Spend Wisely

April 5, 2018 at 7:00 am 0 comments

By Jim Baehr Spend wisely. This statement appears time and time again in everything from public commission reports to utility strategic plans and the day-to-day public discourse. Doing this isn’t easy and won’t get any easier. Awareness and Expectations Water utilities work diligently to enhance the public’s awareness of theRead More

Consolidation & Privatization Would Help Communities Finally Resolve Urgent Infrastructure Issues

Consolidation & Privatization Would Help Communities Finally Resolve Urgent Infrastructure Issues

February 21, 2018 at 7:30 am 0 comments

By Julius Ciaccia, Jr. Over the last 40 years serving in top-level management for water/wastewater public utilities, I’ve been witness to a steady conversation about the broadening infrastructure investment gap in the drinking water and sewer industry. We continue to strike the mallet to bring attention to the need forRead More

EPA backs Pennsylvania’s $141 million water quality  improvement plan

EPA backs Pennsylvania’s $141 million water quality improvement plan

October 15, 2017 at 7:55 am 0 comments

The U.S. Environmental Protection Agency announced it has approved and helped fund a $141 million plan by Pennsylvania to implement 23 clean water infrastructure projects. The Intended Use Plan includes an award of $52,518,000 from EPA’s FY 2017 Clean Water State Revolving Fund (CWSRF). The plan by the Pennsylvania InfrastructureRead More

Philadelphia Launches New Water Pricing Model for Low-Income Residents

Philadelphia Launches New Water Pricing Model for Low-Income Residents

August 16, 2017 at 7:00 am 0 comments

By Erin Bonney Casey The City of Philadelphia has thrust itself into the broader national discussion on the affordability of water with its newly launched and unique water pricing model. In an era of rising water rates and constrained municipal budgets, Philadelphia is adapting to shifting market conditions. The goalRead More

Interest Rates: A Barometer of Pressure or a Thermometer of Heat?

Interest Rates: A Barometer of Pressure or a Thermometer of Heat?

June 20, 2017 at 9:34 am 0 comments

By David Clamage Historians have suggested that the concept of charging interest today for the use of money, goods or services to be repaid in the future goes back thousands of years, when a farmer could borrow a seed to grow wheat and repay that loan with “interest” in theRead More

Sculpting Cash

Sculpting Cash

April 18, 2017 at 1:02 pm 0 comments

  By David Clamage Nineteenth century French sculptor Auguste Rodin once said, “Even with all the documents, you can never forge nature.” In delivering water to your communities, you don’t so much forge nature as sculpt it to the goals of your community defined by their needs, your budget, theRead More