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Explore innovative ways to increase revenue, ensure service rates cover costs, and secure approval from governing bodies. Enhance revenue through lease agreements, partnerships, service expansions, and strategic alliances.
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Revenue Enhancement Ways to Increase the Pie
Ensure Rates Cover Full Cost of Service-OperationBut how to generate additional revenue
Ensure approval from Governing BodyCompliance with Applicable Laws/Statutes
Ensure Fees are collected and Ensure policies are in placeExample: require customers to have shut-off valves on their plumbing/charge if called-out after regular hours
Rent/Lease water tanks and/or sites to cell phone providersRent/Lease water tanks and/or sitesto cable providers
Sell Bulk WaterEnter into Operation and Maintenance Contracts with other water/wastewater utility companies
Rent/Leaseproperties for storage to Contractors, Farmers, GovernmentEnter into Private/Public Partnerships for projects
Perform work for other utilities (one time shots)Examples:Meter installationsLine ExtensionsEmergency RepairsMaintenance & Repairs
Perform work for other utilities/organizations (routine)Example: Maintenance of HOA ponding/drainage area
Copies: Inspection of Public Records and general copiesFaxes (Local and Long Distance)Agency Letters
Notary ServicesActivation/Deactivation of ServicesCredit Inquiries
Apply for Grants/Funding from Non-Typical SourcesSell IceSell soft drinks (soda machine)
Ensure all activities are covered by Liability Insurance-listed as an additional insurer on their policy and they on yours Ensure there is a profit
Revenue Enhancement Martin Lopez Lower Rio Grande Public Water Works Authority