In order to remain viable, all public water systems need to
acquire and manage sufficient financial resources to achieve
and maintain compliance with regulatory requirements. One
of the primary tools to become and remain viable is developing
and maintaining a comprehensive budget. This workshop will
show board members, managers and operators how to develop
a budget, identify revenues and expenses, methods that can
be used to balance the budget, and how to review a budget
comparison report on a regular basis.
Participants will learn and understand:
• How to prepare a budget
• How to identify revenue and expenses
• Identify fiscal policies for assisting in balancing the budget
• How to review the budget comparison report on a
regular basis
• What types of corrective action can be implemented when
you have unexpected expenses or falling revenues
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