The Basics of Financial Management for Small-community Utilities
An overview of financial management, from developing and balancing an expense budget to estimating and collecting revenue. The publication enhances:
- understanding financial statements: income statements, balance sheets, cash flow statements, audit reports and related documents
- using financial ratios; computing ratios to assess financial sustainability
This is a primer, a how-to, a basic guide that is ideal for a board member of a drinking water or wastewater utility who needs to understand the financial aspects of a utility's operations. The guide explains in very simple, easy-to-understand terms how to read and interpret the common financial statements so more informed decisions can be made with the information that can be gained from them.
Available to download for free at rcap.org/finmgmtguide