This document provides a background to financial management best practice for water supply companies
Water Supply Companies (WSCs) should implement financial management in line with best practice to ensure that senior managers are provided with accurate and timely financial management reports that allow them to assess the financial performance of the WSC on a regular basis. The document explains approaches to financial modelling. Here, experience is drawn from work carried out with Beipiao WSC, Liaoning Province, as part of the WRDMAP project.
A manual has also been developed for users of the WRDMAP Financial Model - Manual 5.7 - The Development and Use of a Model for Financial Analysis of a Small to Medium Size Water Supply Company in China
WRDMAP. Financial Management and Modelling in Small and Medium WSCs [Thematic Paper 5.7]. WRDMAP, China (2010) 16 pp