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If you cannot attend a NEWWA event you have registered for you must contact NEWWA in writing two business days prior to the start of a program to request a refund or credit minus a $30 administrative fee. If you contact NEWWA within one business day you will be charged 100% of the original course registration fee. This charge is non-refundable and non-transferable. Written refund/credit requests made for special circumstances will be considered if received within 2 weeks from the start date of the program. Credits issued are valid for 6 months from the date of the program.

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Title: The Essentials of Water Utility Finance
Description: Building on feedback from participants in NEWWA’s “Water Utility Ratemaking” course, “The Essentials of Water Utility Finance” deconstructs the broader topic of water utility finance and then covers it in four, consecutive learning modules: developing your budget; system development charges; fire protection charges; and accounting and reporting. Each module will provide straightforward information on key processes and procedures. As each module is completed, this building-block approach will form a water utility finance information toolbox of practical information that participants can access on the job at their utilities.
Who Should Attend: Water utility superintendents, managers, and supervisors will find this learning program’s overview valuable in distilling the complexity of water utility finance to the essentials.
Pre-requisites: None
CEUs: 0.6
Learning Objectives/Outcomes: In this interactive workshop participants will have an opportunity to: Examine four key water utility financial functions: budgeting, capital planning and debt, fire protection charges, and alternative rates; Identify how these financial “tools” can be utilized in an integrated fashion to effectively administer the financial function of the utility. Upon completion of this workshop you will be able to: Name and describe the three key water utility financial management functions covered in this workshop- Alternative Rate Development (Two Examples: System Development Charges and Fire Protection Charges), Developing a Budget for Your Utility, and Accounting and Reporting; Describe legal considerations in developing and administering system development charges; Identify different methods to calculate system development charges; Identify when to use each of the different methods to calculate system development charges; Identify system costs; Allocate system costs; Design fire protection rates and charges; Name the components of an expense budget; Name two key components of a revenue budget; Describe how to balance the two budgets; Describe how the accounting system supports the budgeting system and facilitates financial reporting; and Identify the components of a financial report.
Learning Outcome/Assessment Method: In addition to the course’s interactive learning format shaped by participant-instructor question and answer throughout, a multiple choice written self-assessment of learning outcomes will be administered following completion of the morning and afternoon sessions of the course. The written assessment will be comprised of straight forward multiple choice questions covering the core content of each instructional segment (presentation) and general course information for a total of ten questions. Each multiple choice question will examine your knowledge and understanding with regard to key concepts and information presented in a given segment and the overall course. There will be no trick questions. Following the completion of each assessment, a group review of the assessment will be conducted by the course facilitators and the NEWWA Education Staff proctor. Participants will “self correct” their assessments during this review and indicate their score on the top of their answer sheets. Participants must achieve a score of 6 out of 8 correct for a “passing grade”. Answer sheets will be submitted to/reviewed by NEWWA Education Staff proctor during the course sign-out process. Any participant who does not achieve the required passing score will meet with the NEWWA Education Staff proctor for an oral review/debrief following completion of the course. This will provide learners with an opportunity to re-examine assessment questions and answers, clarify information, and develop insight into their responses. It will also provide an opportunity to access additional learning support if needed.
Technology Requirements: None

Changed at: 7/14/2016 9:13 AM Changed by: Kirsten
Created at: 4/19/2011 8:28 AM Created by: Kirsten King

New England Water Works Association   125 Hopping Brook Road   Holliston, MA   01746   PH: (508) 893-7979   FAX:(508) 893-9898

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