MRSC Insight Blog
Posts for FCS GROUP
Using asset management to inform your utility financial plan and rate strategy improves the accuracy of forecasts and facilitates better investment in infrastructure. This blog post offers an overview of the ways an agency can start aligning asset management and rate studies.
What options are there for utilities in determining how to structure sewer usage rates, depending on the customer type? A volume-based rate option for all consumers is one, but an agency must consider which approach to take and it must make sure that such an approach aligns with organizational policy objectives.
While reviewing city utility finances, we often notice a discrepancy between the city code and how the utility tax is calculated. As a result, many cities collect less money from their utility taxes than is allowed under their city code.
Even as the economy improves and growth within our communities has sponsored the ability to spend again, echoes of the past recession linger with several Dodd-Frank Wall Street Reform and Consumer Protection Act initiated changes taking effect. This time it is about a recently created government-contractor role termed, “Municipal Advisor” and applies to various financial consultants who previously have provided services to the public sector in an unregulated environment.
The State Legislature has passed legislation (SHB 1512; SSB 5605,) that focuses on "solving" the problem created by the Lane v. City of Seattle decision. This act provides specific guidance and options for water utilities on how to legally recover fire protection costs...
Is your utility taking full advantage of the deductions and exemptions specified in state law? Given that the tax rules applicable to utilities in the State of Washington are complex and can change over time, it is relatively easy to overpay or underpay taxes.