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| Financially Sustainable Water Infrastructure Initiative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In our extensive work with local communities,
the EFC has noticed a growing gap between professional water and sewer
utility staff and their governing boards regarding the need to implement
financial management and full cost pricing practices. Many professional
staff, including public works directors, utility managers, and facility
operators, would like to implement more proactive financial planning practices
and improved rate structures; however, they are often handicapped in their
efforts by a lack of policy tools that they could use to convince their
governing boards, other decision makers, and the public. Drinking water
quality or sewage treatment capacity are put at risk when a utility is
unable to make the case for proactive financial management or full cost
pricing practices.
In response, the EFC has launched an initiative to give practitioners data-driven practical tools and analyses that they can use to clearly illustrate and promote the benefits of sustainable finance practices, as well as the environmental risks associated with poor financial health. In developing these tools, the EFC analyzed financial management strategies among utilities on a statewide and regional level. The EFC also worked directly with several North Carolina utilities to assess their financial health help them move towards financial sustainability. If you would like to learn more about the initiative or you are a utility professional and are interested in working with the EFC to assess your system's financial health and to make the case for sustainable finance practices, please contact Andrew Westbrook or Jeff Hughes.
Case Studies
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