Faced by the need to repair and replace aging infrastructure and at the same time build new systems to meet population growth, water utilities must make increasingly complex decisions about where, when, and how to invest their capital improvement dollars. What's more, their decisions must involve a range of stakeholders and win their “buy-in” in order for projects to receive necessary financial and community support.
Cost Benefit Analysis of Current Programs and Projects
It has been suggested recently that water and sewage utilities move to “full-cost” accounting as a means of addressing some of the challenges facing them. However, there are disagreements regarding how to implement this concept, and few estimates exist that show the impact of such a change.
The Southwest Florida Water Management District, the agency responsible for managing water resources in a 16-county area in west-central Florida, provides a free program to hotels and motels to help conserve water. The district launched the Water Conservation Hotel and Motel Program (Water CHAMP) in 2002 to help decrease the impact vacationers place on Florida’s most precious resource—water.