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Menands Board previews WaterWorth financial model; pricing proposal $12,000 a year
Summary
The Menands Village Board heard a demonstration from WaterWorth on a cloud-based financial-modeling platform that models utility rates, capital projects and debt scenarios. The company proposed an annual $12,000 access fee (general fund $6,000; water $4,000; wastewater $2,000). The board will review materials and consider a vote at a future meeting.
The Menands Village Board on Nov. 18 heard a demonstration from Lachlan Hunter of WaterWorth showing how a cloud-based financial-modeling tool could help the village forecast utility and capital costs and assess rate impacts.
Hunter told trustees the platform ties accounting data, fixed assets and capital plans into a single model so the village can test “what-if” scenarios for water, wastewater and general funds. He said the tool can incorporate debt, state revolving loans and grant assumptions and calculate how proposed projects and wage increases…
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