Full Description

In evaluating water and wastewater utility capital programs, credit rating agencies give weight not only totraditional financial parameters, but also to the quality of capital program management. Further, effectivecapital program management can help to reduce costs, increase efficiency, and improve the alignment ofinvestments with capital needs. Based on rating agency publications and best practices in both the utilityand general municipal sectors, this paper offers approaches for enhancing the effectiveness of water andwastewater capital program planning and management, and ultimately, credit quality. These approachesare based on four premises:capital programs should be developed in the context of sound financial planning; project planning and prioritization practices must be based on rigorous systems for managing assetsand anticipating externally generated demands;progress toward implementing quality projects on time and on budget should be supported byaccountable staff and strategic processes and controls; and,the status of the capital program must be accurately tracked and effectively communicated to internaland external stakeholders. Includes 13 references.

Product Details

Edition: Vol. - No. Number of Pages: 10 File Size: 1 file , 220 KB