The Public Management Group completed work on a Utility Cost Allocation Analysis Reports for the City of Needles.
As part of the Prop 218 process, city utilities must be self-sustaining. In many instances when cities have water, light and/or sewer utilities, General Fund revenues may be allocated for utility operation. To ensure solvency, those funds may be reimbursable from the Utility Enterprise fund.
The Public Management Group has worked with Needles to complete Utility Cost Allocation Reports to determine what, if any, reimbursement may need to occur to ensure the fiscal autonomy of their respective utilities. In the coming months, Needles will begin implementing the recommendations of the UFI team to bring their utilities into financial compliance.
Whether clients face a Prop 218 process or are simply looking for independent analysis of utility finances, the team at UFI stands ready to assist with a thorough third-party review to ensure transparency and accountability. Cities interested in utility rate studies should contact Mike Busch at (714) 283-9334 or firstname.lastname@example.org.
Urban Futures, Inc. has been providing services to local governmental agencies for over 43 years. Operating as five divisions – UFI Public Management Group, UFI Public Finance Group, UFI Sustainable Communities Development Group, UFI Analytics & Compliance Group, and Isom Advisors – UFI offers clients a growing portfolio of services and industry expertise that might otherwise be out of reach. Over 300 public agencies have benefited from partnering with UFI. UFI is based in Orange, CA with a Northern California office in Walnut Creek. Visit their website at www.urbanfuturesinc.com or call (714) 283-9334.