» Member Updates Archive

Applications Due By:
April 30, 2014
(Received Electronically)

Please note the following correction to the Attributes & Activities document previously provided in Member Update 14-05. The attribute and description for Financial Viability should read:

• Financial Viability (Required)
  Understands the full life-cycle cost of the utility and establishes and maintains an effective balance between long-term debt, asset values, operations and maintenance expenditures, and operating revenues. Establishes predictable rates—consistent with community expectations and acceptability – adequate to recover costs, provide for reserves, maintain support from bond rating agencies, and plan and invest for future needs.
  
  Please Note:
  To receive recognition, Financial Viability must be demonstrated by

1. 1. The practice of long-range financial planning;
   2. The adoption of financial policies;
   3. The establishment of financial performance metrics tied to financial policies; and,
   4. The inclusion of metrics and utility performance for fiscal years 2013, 2012, and 2011.

The information previously provided incorrectly referenced “4. The inclusion of metrics and utility performance for fiscal years 2012, 2011, and 2010.”

Our apologies for any inconvenience. Should you have any questions, please don’t hesitate to contact Kelly Brocato, via phone: 202/833-1449 or e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .