The U.S. Environmental Protection Agency (EPA) has provided $500,000 in funding to The University of North Carolina at Chapel Hill's Environmental Finance Center (EFC) to assist communities addressing water infrastructure challenges.
The updated version of our North Carolina rates dashboard is now available! The new dashboard features current (2016) rates and a new look and functions. This interactive rates and financial benchmarking dashboard is designed to assist utility managers and local officials with analyzing residential water and wastewater rates against multiple characteristics, including utility finances, system characteristics, customer base socioeconomic conditions, and geography.
In order to protect water resources and provide clean drinking water and wastewater treatment, which are critical public health and environmental services, many communities must overcome the challenges and costs associated with inadequate and aging infrastructure. Through WaterCARE, the EFC and its partners will assist 10 communities across the country in developing robust and resilient finance strategies for water infrastructure that meets long-term needs.
Use our free tool to assess the financial performance of your water and/or wastewater utility fund. This tool translates financial data readily available in your annual financial statements into key financial indicators that measure a variety of important metrics, such as the ability to pay debt service, availability of cash to pay for operations and maintenance, the sufficiency of revenues generated, etc. The tool demonstrates the financial strengths and weaknesses of the utility fund in the past 5 years.
As the nation struggles to repair, maintain, and expand its water infrastructure, public-private partnerships are gaining traction as a strategy for filling the gaps. The EFC is examining the potential benefits of alternative water service delivery partnerships to assist decision makers in taking the most effective approach to financing and managing water services.
Public water utilities and the EFC work together to investigate the possible use of new types of pricing models that are more typical in other industries. The alternative price models are designed to vastly increase revenue stability and resiliency for the utilities in the face of declining demands while providing stronger financial incentives to customers to reduce peak demands.