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Financial Management & Planning for Water Utilities

Nancy E. Cronin P.E

Financial management is core to planning for water utilities. Utilities predominantly adopt strategic plans built around vision and mission statements and strategic goals. The planning process seeks to incorporate the elements and opportunities needed to meet both the physical and financial needs of the water utility, and successfully achieve its strategic goals.

While a 5-year financial & asset management plan is essential to the longer-term projected needs of a utility, an annually developed and adopted 1-year plan supports a budget that defines expenses, revenues and liabilities in order to meet current and projected needs.

This course addresses the concepts and details that are essential to the financial planning and management of a water utility. Many public and private water agencies and districts throughout the country face numerous challenges in the decisions required to support their critically important water and distribution facilities. Sound financial assessment and ongoing tracking and analysis can provide the best foundation for planning and decision making for the utility.

(Note: a separate course “Water Asset Management & Planning” is available that discusses the development and content of a water management plan)

This course includes a multiple-choice quiz at the end, which is designed to enhance the understanding of the course materials.

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NY PE & PLS: You must choose courses that are technical in nature or related to matters of laws and ethics contributing to the health and welfare of the public. NY Board does not accept courses related to office management, risk management, leadership, marketing, accounting, financial planning, real estate, and basic CAD. Specific course topics that are on the borderline and are not acceptable by the NY Board have been noted under the course description on our website.