Streamline - Fall 2016 - 34

state of infrastructure, list what infrastructure needs to be rehabilitated or replaced, the date this work is planned to occur, and how it will be paid for. This ties the savings directly to projects in the community, which indirectly ties it to voters that will suffer if savings is redirected to other projects or business units. A blended strategy A blended debt-savings strategy is often the best way through the pitfalls identified above: Save enough to pay for rehabilitation projects that extend the life of infrastructure, and save enough extra to provide collateral or bond reserves for debt needed to pay for replacement projects. This strategy would need to be tied to solid asset management and capital improvement plans that provide the evidence of their need to governing boards and customers. This will also provide protection against borrowing the utilities savings for other projects. Summary So what can smart utility managers do to walk this fine line between debt and savings financing? A wise strategy may be to use a combination of both debt and savings. Savings can be used to rehabilitate and extend the life of infrastructure can keep the rates lower for customers longer, and can also provide the collateral and bond reserves necessary to leverage debt for the larger projects when needed. In order to know how much savings a utility needs, it is necessary to complete an asset management and capital improvement plan that details the rehabilitation and replacement projects necessary for the utility's foreseeable future. Using this information, the manager can devise a savings and debt strategy that directly ties to these projects and the voters benefited by them. The plan may indicate that larger projects will be paid for by debt with corresponding rate increases to cover the debt payments. Just like a good trial defense for a court case, a good savings and debt strategy provides all of the evidence needed to convince the jurors, or in this case the utility board, that the strategy provides the best stewardship of their customers current and future money. Works Cited Commonwealth of Virginia State Corporation Commission. (n.d.). Commonwealth of Virginia State Corporation Commission. Retrieved July 27, 2016, from Commonwealth of Virginia State Corporation Commission: https:// www.scc.virginia.gov/# Portland Water Bureau. (2016). Guidelines for how to develop an Asset Management Plan. Retrieved July 27, 2016, from AWWA: http://www.awwa.org/portals/0/ f iles/education /presenter/a mp%20 guidelines.pdf Rossi, S. (2016, July 19). President of Central Water Company. (A. Hess, Interviewer) SAVE THE DATE VRWA's 2017 Conference Hotel Roanoke & Conference Center, Roanoke, Virginia April 24-26, 2017 34 830103_Editorial.indd S T R E A M L I N1 E * F a l l 2 0 1 6 25/08/16 4:08 pm http://www.scc.virginia.gov/# http://www.awwa.org/portals/0/

Table of Contents for the Digital Edition of Streamline - Fall 2016

From the President: Life Decisions
From the Executive Director: Communicating – Networking – Team Work!
The 2016 VRWA Expo
Leaks/Water Loss – Everyone’s Problem
How to Reduce FOG in Your System
Succession Planning
Dominion Coal Ash Ponds
Reporting on Your System
Cost-Based Rates, Part 1
Coming Back from the Edge
Capital Projects: Savings or Debt?
When to Repair or Replace Pipe
NRWA Recap
Throwing My Loop: Where Do You Live?
VRWA Members Corner
eLearning Benefits
Membership Application
Benefits for VRWA Members
Board of Directors
VRWA Committees
Index to Advertisers/Ad.com
Streamline - Fall 2016 - cover1
Streamline - Fall 2016 - cover2
Streamline - Fall 2016 - 3
Streamline - Fall 2016 - 4
Streamline - Fall 2016 - 5
Streamline - Fall 2016 - 6
Streamline - Fall 2016 - 7
Streamline - Fall 2016 - 8
Streamline - Fall 2016 - From the President: Life Decisions
Streamline - Fall 2016 - 10
Streamline - Fall 2016 - From the Executive Director: Communicating – Networking – Team Work!
Streamline - Fall 2016 - The 2016 VRWA Expo
Streamline - Fall 2016 - 13
Streamline - Fall 2016 - 14
Streamline - Fall 2016 - 15
Streamline - Fall 2016 - 16
Streamline - Fall 2016 - 17
Streamline - Fall 2016 - 18
Streamline - Fall 2016 - Leaks/Water Loss – Everyone’s Problem
Streamline - Fall 2016 - 20
Streamline - Fall 2016 - How to Reduce FOG in Your System
Streamline - Fall 2016 - 22
Streamline - Fall 2016 - Succession Planning
Streamline - Fall 2016 - 24
Streamline - Fall 2016 - Dominion Coal Ash Ponds
Streamline - Fall 2016 - 26
Streamline - Fall 2016 - Reporting on Your System
Streamline - Fall 2016 - Cost-Based Rates, Part 1
Streamline - Fall 2016 - 29
Streamline - Fall 2016 - Coming Back from the Edge
Streamline - Fall 2016 - 31
Streamline - Fall 2016 - Capital Projects: Savings or Debt?
Streamline - Fall 2016 - 33
Streamline - Fall 2016 - 34
Streamline - Fall 2016 - When to Repair or Replace Pipe
Streamline - Fall 2016 - 36
Streamline - Fall 2016 - 37
Streamline - Fall 2016 - 38
Streamline - Fall 2016 - 39
Streamline - Fall 2016 - NRWA Recap
Streamline - Fall 2016 - 41
Streamline - Fall 2016 - 42
Streamline - Fall 2016 - 43
Streamline - Fall 2016 - 44
Streamline - Fall 2016 - Throwing My Loop: Where Do You Live?
Streamline - Fall 2016 - 46
Streamline - Fall 2016 - VRWA Members Corner
Streamline - Fall 2016 - 48
Streamline - Fall 2016 - eLearning Benefits
Streamline - Fall 2016 - Membership Application
Streamline - Fall 2016 - Benefits for VRWA Members
Streamline - Fall 2016 - 52
Streamline - Fall 2016 - VRWA Committees
Streamline - Fall 2016 - Index to Advertisers/Ad.com
Streamline - Fall 2016 - cover3
Streamline - Fall 2016 - cover4
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