Managerial & Financial Concepts for Water Systems
The GFRC provides distance learning training modules for individuals interested in managerial and financial concepts for water systems. These modules were informed by the research the GFRC conducts on water policy in Illinois and the nation. For more information, email gfrc@uic.edu.
Financial Management for Water Utilities Heading link
Module Description
This course enhances participants’ understanding of water systems’ financial sustainability and resiliency by introducing budgeting and decision-making concepts. Key topics include principles of budgeting, demand projections and their impact on the financial health of systems, flexible budgeting scenarios, break-even and cost-effectiveness analyses, and asset acquisition planning. Participants will learn to apply these tools to navigate financial challenges and make informed, strategic decisions that ensure long-term organizational sustainability.
Module Objectives
- Participants will gain an understanding of the fundamentals of budgeting and financial management for water utilities.
- Participants will be able to identify the appropriate method and elements necessary to complete a sound cost analysis.
- Participants will learn the key factors to maintaining the financial health of water systems.
Water Affordability Programs Heading link
Module Description
This module increases participants’ understanding of effective water affordability programs that address the needs of low-income households. It covers key topics such as assessing affordability, structuring assistance programs, and developing sustainable funding strategies. Through case studies, participants will learn best practices for ensuring equitable access to water services while maintaining financial sustainability.
Module Objectives
- Understand the financial and social challenges related to water affordability for low-income households.
- Assess community-specific water affordability needs using relevant data and metrics.
- Identify effective rate assistance programs that ensure equitable access to water services.
- Examine sustainable funding mechanisms to support affordability initiatives.
- Evaluate regulatory and policy frameworks that impact water affordability program design.
- Learn from best practices and case studies about solutions for water affordability in diverse communities.
Workforce Strategies Heading link
More info coming soon.
Public Management Heading link
More info coming soon.