Utility Best Management Practices: Strong Adopted Financial Management Policies

Key Takeaways A financial management policy document that has been adopted by the governing body is a valuable planning tool for guiding a utility's financial decisions and how a utility deals with the unexpected. A financial management policy document should contain its purpose, financial targ...

Full description

Saved in:
Bibliographic Details
Published in:Journal - American Water Works Association 2022-04, Vol.114 (3), p.10-18
Main Authors: Mantz, Bryan A., Flores, Angie
Format: Article
Language:English
Subjects:
Best management practices
Documents
Financial management
Policies
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Key Takeaways A financial management policy document that has been adopted by the governing body is a valuable planning tool for guiding a utility's financial decisions and how a utility deals with the unexpected. A financial management policy document should contain its purpose, financial targets, goals and objectives, and clear definitions of terms. Utility managers can decide which additional elements are appropriate. Any personnel who play a role in managing a utility should be involved in developing its financial policies.
ISSN:0003-150X
1551-8833
DOI:10.1002/awwa.1881