A major adjustment to a federal rule aims to ensure bond issuers have access to the most competitive bond structure. Until now, financial advisors could serve double duty as underwriters on the same bonding issue. The Municipal Securities Rulemaking Board (MSRB) Rule G-23 went into effect in late November. The change prohibits municipal securities dealers … Read more
The June/July issue of The Source included an overview of the results of the 2011 North Central Region Utility Rate Survey. The survey for systems serving more than 5,000 people has been printed and is in the distribution process. The survey for systems serving fewer than 5,000, and for regional water systems, is currently at … Read more
The operation of municipal water and sewer systems is funded by charging fees to users based upon how much they use the system. In some communities, this approach has been taken to fund the repair and maintenance of streets, as well. Although not a widespread practice, the approach is popular in the states of Oregon … Read more
One measure of a utility’s capacity to bring in enough revenue to cover operating costs is the Operating Ratio. Calculated as the total operating revenue divided by total operating expense (excluding depreciation and debt service principal), the minimum target for the Operating Ratio is 1.0. The two graphics shown below illustrate the 2010 operating ratios … Read more
In 2011, 74 percent of the combined large and small system survey respondents reported providing a recycling service within their communities. This represents a slight increase from 2010, when the percentage was 72 percent. We first asked about recycling services in 2006, at which time 39 percent of systems reported a recycling program. The graphic … Read more
We are often asked what “the other guys” are doing when it comes to the practice of making transfers from utility funds. We posed this question in the 2011 North Central Region Utility Rate Survey. To quantify the size of the transfers made, we asked for the annual transfer amount, either as a percentage of … Read more