Sinking Funds for Facility Replacements
Water Engineering and Management, Vol. 128, No 4, April 1981
1 Pages Posted: 4 Apr 2013 Last revised: 25 May 2013
Water and wastewater authorities, particularly those operated as municipal utilities, have traditionally undercharged consumers for the services they purchase. Symptomatic of these financial policies is the fact that many municipal utilities in the United States have not been able to accumulate adequate reserves that can be used to replace aging equipment. The result has been a widespread deterioration of plant and equipment, which has reached crisis proportions in some of our older cities.
Keywords: Water Engineering, Management, Sinking Funds, Facility Replacements
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