Participants should have a laptop with Excel available.
This class is for designed the water industry budget preparer that wants to learn the processes necessary to create annual or multi-year budgets in the water industry. Beginning with the budget calendar and budget assumptions, through the preparation ending with budget submission With the current climate of water conservation, drought implications, multi-tiered rate structures, and aging infrastructure concerns within the water industry; the goal is to create realistic budgets that prepare agencies for long-term financial health. If possible please bring a laptop/iPad for class exercise.
Target Audience: The target audience includes people who are currently working in the water industry, or desire to be in the water industry, and will be involved directly or indirectly in the budgeting process. All levels of budget experience are welcome, and include all managers that are or will be responsible for a company, department, or cost center budget.
This class may also apply to people in the general public who have an interest in this process. They want to know how budgets are developed.
- Budget Types – Learn the various types of budgets organizations use
- Annual Budgets versus Multi-year Budgets
- Budget Process – Phase 1 – Preliminary – Deadlines, Assumptions, Meetings, Targets
- Budget Process – Phase 2 – Interdepartmental Budget Targets
- Budget Process – Phase 3 – Allocating Revenues and Expenses to Divisions
- Budget Process – Phase 4 – Fund Balances
- Budget Process – Phase 5 – Capital Equipment
- Budget Process – Phase 6 – Demographics, KPI’s, Comparative Figures
- Budget Process – Phase 7 – Compilation of Figures and Review
- Budget Process – Phase 8 – Executive Summary, Department Descriptions, Table of Contents, Glossary, Index
- Budget Process – Phase 9 – Review, Compilation and Distribution
Instructor: Len Legotte
Earn up to 6 contact hours.
This class is 8:00 am - 3:00 pm