Learn principles of financial management for successful development and management of organizational finances.
Water organizations that provide drinking water, wastewater services, stormwater management, flood risk management, and recycled water services face difficult financial problems stemming from resistance to rate increases, uncertainties of the bond markets, affordability, and the public’s tendency to take water services for granted. Public works and utility managers require a basic grasp of the principles of financial management as an entry point to successful development and management of organizational finances.
From the presentation, participants will gain a basic understanding of public works financial management methods. To prepare financing strategies, they will be able to prepare preliminary cost estimates for urban water systems and identify and evaluate sources of funding for urban water systems. They will learn to create financing and funding plans for separate water systems. To facilitate management accounting responsibilities, they will gain a basic understanding of public finance and accounting and understand the tools they need for financial analysis in utility management. They will understand and evaluate methods to assess community and household affordability and learn to conceptualize proposals for privatization of water systems.
Learning Objectives
- You will be able to discuss methods to assess community and household affordability.
- You will be able to identify how to conceptualize proposals for privatization of water systems.
- You will be able to recognize how to create financing and funding plans for separate water systems.
- You will be able to review public works financial management methods.
Agenda
Functions of Utility Financial Management
Strategic (Long Term) Financial Planning
- Strategic Plan
- Planning and Projections
- Needs Assessments
Budget Planning and Programming
- PPB Systems
- Capital Improvement Planning
- Budget Processes (Traditional, BFO)
- CIP and Capital Budget
Basic Management Accounting
- Accounting and Reporting
- Cash Management
- Internal Controls and Audits
Financial and Economic Analysis
- Inflation and Interest Rates
- Depreciation and Asset Analysis
Funding Sources
- Taxes, Tariffs, and Transfers
- Financing Operations (Taxes, Tariffs, and Transfers)
- Capital Financing Mechanisms
Asset Management
Privatization and PPP
- Privatization
- PPP
- Financial Regulation
Speakers
Professor Neil S. Grigg,
Colorado State University- Teaches graduate courses in pipeline engineering and hydraulics, infrastructure and utility management, and water resources management at Colorado State University
- Investigator of Water Research Foundation projects on water distribution systems
- Author of Water and Sewer Infrastructure Management, 2012, CRC Press/Lewis Publishers
- Former environmental regulator and director of two state water research institutes
- Former consulting engineer and principal of Sellards & Grigg Inc. in Denver
- Life member of the American Society of Civil Engineers, American Water Works Association and American Public Works Association
- Ph.D. degree in hydraulic engineering, Colorado State; M.S. degree in hydraulic/structural engineering, Auburn University; B.S. degree in engineering, U.S. Military Academy
- Can be contacted at 970-491-3369 or neilg@engr.colostate.edu
Who Should Attend
This live webinar is designed for engineers, hydrologists, project managers, government and municipal administrators, developers, public works and utilities directors, consultants, and environmental professionals.
