Page 498 - Bedford-FY22-23 Budget

Utilities operate like a business, though the product being sold is a vital
resource shared by all members of the community
IMPORTANCE OF

LOCAL OFFICIALS IN Just like any business, Council is the “Board of Directors” who must be
able to address complex industry challenges including rising costs, aging
UTILITY infrastructure, and customer affordability

MANAGEMENT The Board must ensure the viability of the business by ensuring revenues

match or exceed expenses and financial metrics are met

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NEWGEN STRATEGIES AND SOLUTIONS, LLC