Financial Report

Financial Report: Addressing Water Equity in a Time of Rising Costs

Financial Report: Addressing Water Equity in a Time of Rising Costs

August 24, 2020 at 9:50 am 0 comments

By Josh Ellis & Dan Cooper Even before COVID-19 hit our country, water affordability has been a growing concern. From 2010 to 2019, the price of water service increased by 57 percent in 30 major U.S. cities. Meanwhile, millions of Americans have their water shutoff every year due to an inabilityRead More

Rates and Affordability: A Ratings Agency Perspective

Rates and Affordability: A Ratings Agency Perspective

April 13, 2020 at 8:58 am 0 comments

By Erin Boeke Burke What Does “Affordable” Mean? There are a wide range of opinions on what it means for water and sewer service to be “affordable.” To some, water is a human right, others a property right, and still others a commodity. One thing is certain: Access to potableRead More

Financial Report: Serving the Community through Data-Driven Decisions

Financial Report: Serving the Community through Data-Driven Decisions

February 18, 2020 at 9:27 am 0 comments

By Glenn Barnes Water systems exist to serve their communities. But do the water system’s rate structure, prices, and policies align with community values? The annual rate process is an opportunity to measure this. Every year, water systems should calculate the annual cost of providing water service today and intoRead More

Forecast: 10-year CAPEX for U.S. water utilities could reach $629 billion

Forecast: 10-year CAPEX for U.S. water utilities could reach $629 billion

September 30, 2019 at 10:02 am 0 comments

According to a new forecast from Bluefield Research, municipal utilities in the United States are expected to spend $629 billion on capital expenditures (CAPEX) over the next decade to address increasing demands on water and wastewater infrastructure. While the baseline forecast projects a 2.6 percent annual growth rate, in-line withRead More

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