Financing at the Local Financing at the Local LevelLevel

Choose Clean Water ConferenceJoanne Throwe

Environmental Finance Center June 4, 2013

Understanding Local Understanding Local Stormwater FinancingStormwater Financing

Making the right decisionshould be:

o Fairo Transparent o Adequate revenueo Equitable

Is there:oEnough data?oMeasurable goals?oA tracking system?oWays to create efficiencies?

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Managing AssetsManaging AssetsWhen to Replace Lifecycle Costs

• Replace asset before repair costs reach catastrophic failure

• Replace too early and money wasted

• Replace too late and costs are excessive

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Easy Ways to Improve Program on Easy Ways to Improve Program on a Limited Budgeta Limited Budget

• Get departments to communicate better• Centralize stormwater responsibility• Let others do some of the work for you without guilt• Work together to reduce costs, create efficiencies

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Not Everything Has to Cost A LotNot Everything Has to Cost A Lot

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Getting at True Costs is Getting at True Costs is Important Important

• True Costs for what is needed in 1 year is:

$1,638,945

• Current Operating Expenditures

$376,600

• Current Capital Expenditures

$186,250

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Current* (2013)

Year 1 (2014)

Year 2 (2015)

Year 3 (2016)

Year 4 (2017)

Year 5 (2018)

$186,250 $736,250 $302,250 $352,250 $579,750 $202,250

$186,250 $766,250 $317,250 $352,250 $579,750 $202,250

$562,850 $1,638,945 $1,211,762 $1,269,125 $1,519,547 $1,165,542

Sub-Total

Capital Expen

Total Expend

Document, Track, and Record! Document, Track, and Record!

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Have a Staffing PlanHave a Staffing Plan

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Labor DashboardsLabor Dashboards• Total Annual Labor Cost

• Total Annual FTE

• FTE by position over time

• Cost by Position over time

• Post Construction Monitoring FTE Over Time

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Budget DashboardBudget DashboardLocal Permit Revenue / Permit Fee Revenue Less Labor Costs /

Reserve for Future Monitoring

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Output Flows into BudgetOutput Flows into Budget

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Results of ProcessResults of Process

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• Provided a basis for discussion among staff & officials

• Enabled dialogue about staff requirements in “no hire” jurisdictions

• Shed light on unforeseen costs and future staff needs

• Able to plan for reserving fee revenues

• Can serve as a tool that can educate community

Don’t be Afraid to Take RisksDon’t be Afraid to Take Risks

• Berlin, MD• Salisbury, MD• Bowie, MD• Lancaster, PA• Scranton, PA• Hampton, VA• Shenandoah Valley, VA

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Public Engagement is EssentialPublic Engagement is Essential

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Timing is EverythingTiming is Everything

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Thank youThank you

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