Management Strategies
Build your budget from the ground up with zero based budgeting
Zero-based budgeting (ZBB) is a budgeting method that starts from a "zero base," requiring every expense to be justified from scratch, regardless of past budgets. The goal is to allocate resources efficiently and identify cost-saving opportunities.
The Board's Role in Managing the Utility Bond Rating
Are lines blurred in your utility over financial responsibilities? The responsibility for the bond rating is part of the role of the utility's Board of Directors through the approval of budgets, electric rates, and short and long-term strategy. The better the bond rating, the lower the interest rate and more funds are retained by the utility vs. paid to bond holders. What are strategies to follow? Here are some insights.