What Is the Capital Improvement Plan and What the Vote on the Plan Means for Ashland

Because of the amount of information on our Capital Improvement Project Plan, this post is written as an outline rather than in narrative form. Capital Improvement Projects (CIP) Overview: Timeframe, Inputs and Individual Project Approval The Capital Plan is a 20-year document compiling all the infrastructure needs for this time period.  Each department (water, electric,Continue reading “What Is the Capital Improvement Plan and What the Vote on the Plan Means for Ashland”

Utility Rates Begin With Master Plans

In our recent forums, council candidates received an excellent question about our Water Master Plan directing rate increases of 4% year over year. This begs the question, how are our utility rates established and what drives the increases? I love this question because it focuses on a critical part of the rate setting process. OurContinue reading “Utility Rates Begin With Master Plans”

Capital Investment Projects and Their Role in Ashland’s Budget

In my career I have built models that evaluate capital projects, their return on investment, payback period, and ultimate priority within the macro picture of the business. Additionally, I have developed metrics that assist in prioritizing which projects get the go ahead, versus those that wait. Such analysis is a challenge because the variables betweenContinue reading “Capital Investment Projects and Their Role in Ashland’s Budget”

Transferring Dollars from Enterprise Funds…It’s like Ghostbusters

One question I often receive from community members, “Why can’t we transfer money from the Electric Fund Ending Fund Balance to support the shortfall in the General Fund?” This is an excellent question and logical too. Before we dive in, there are a few important definitions to consider. As many are aware, our city usesContinue reading “Transferring Dollars from Enterprise Funds…It’s like Ghostbusters”

Ending Fund Balances: What they are, and what they are not…that is the question

When we develop our personal budgets, we consider cash flow either knowingly or unknowingly. The timing of a pay check is often known, the expenses addressed from that paycheck are also known, and ideally, we reserve a portion of the check to cover those expenses. What is left gets us through to the next payContinue reading “Ending Fund Balances: What they are, and what they are not…that is the question”