Laserfiche WebLink
Interactive Graphical Displays <br />Finan dal Management Program Development <br />We typically present the results of our Financial Management Program Development <br />analyses by displaying key financial indicators in four quadrants of a colorful graphical display, <br />projected with our state-of-the-art monitor/projector during interactive client work sessions. An <br />example of such a display is presented below. <br />Snarres f Rate Increases <br />70.0% <br />is <br />O&M 10.0 <br />(1)R&Rmcludes R&R 20.0% (1) <br />$ 1 million per year <br />line replacement program <br />In this display the upper left quadrant shows the required percentage rate increases required <br />in each year of a five year rate plan. This quadrant also shows a level rate plan which dampens rate <br />shock in any one year. The pie chart in the upper right quadrant shows the sources of the rate <br />increase. This gives insights into areas in which cost controls might reduce the required rate <br />increases. The chart in the lower right quadrant shows year end fund balances of unrestricted <br />reserves after funding eligible capital projects and R&R expenses, and the chart in the lower left <br />quadrant shows the bond issues necessary to fund the five year Capital Improvement Program. <br />Depending upon the specific circumstances of each client and the issues that are most critical <br />to the financial performance of the utility, other key financial indicators such as debt service <br />coverage, CII' funding sources, etc. can be displayed. <br />Burton & Associates, Inc. - Water Resources Economics Consultants <br />Mr. Burton advised that they would hold staff and Board interactive sessions. <br />Chairman Eggert questioned whether the computer software would be made available, <br />and Mr. Burton stated that their model is considered to be a consulting tool which they are <br />enhancing but they would work out something to allow the County to use it. <br />Commissioner Adams questioned whether the firm intends to maintain a local office, <br />and Mr. Burton responded that their main offices are in Jacksonville, with Mr. Lockridge <br />based in Orlando. They will not have an office in Indian River County. <br />County Attorney Vitunac questioned whether they have ever defined a rate study <br />depending on the actual volume of water usage, and Mr. Burton stated they have in the City <br />of Sarasota. <br />NOVEMBER 5, 1997 <br />-27- ;- <br />