With the amount of grant dollars available for water and wastewater projects continuing to dwindle, coupled with the aging water and/or wastewater infrastructure, it is increasingly more important that decision makers for systems throughout the state become more educated about system finances.

A Rate Study

will take an in-depth look into the expenses and revenue that a system has. Once all of the data has been gathered and entered into a spreadsheet a detailed report is generated to explain the findings and recommendations.

What Information Will I Need to Supply for a Rate Study?

• Financial statements for the most current fiscal year (audit report preferred)
• Amount of water produced and/or purchased during the most current fiscal year
• Amount of water sold during the most current fiscal year
• Current rate structure
• Number of customers in each rate class
• Amount of debt (if any)

What Information Will the Rate Study Provide?

• Breakdown of expenses
  
• The cost to produce the water (if applicable)
• Amount of nonrevenue water
  
• Amount of lost revenue from water loss
  
• Annual gain or shortfall in revenue
  
• Different rate scenarios

This is a free service to IRWA members!

If you are in need of a rate study - Contact Clark Cameron at 217-820-3814 or cameron@ilrwa.org

Illinois Rural Water Association
3305 Kennedy Road; PO Box 49
Taylorville, IL 62568
Phone: 217-287-2115
Fax: 217-824-8638
Email: ilrwa@ilrwa.org
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