Full Cost Accounting for Water Supply and Sewage Treatment: Concepts and Case Application
Authors:
- Steven RenzettiSRSteven Renzetti
- Joseph KushnerJKJoseph Kushner
- 1 January 2004
- journal article
- Published by Taylor & Francis in Canadian Water Resources Journal / Revue canadienne des ressources hydriques
- Vol. 29 (1) , 13-22
Abstract
In the case of the Niagara Region utility, we estimate that the annual unaccounted costs were between $10 and $35 million in 1998. This estimated range compares to a combined annual operating budget for the water and wastewater facilities of $64 million. Thus, our results indicate that the cost of water supply and sewage treatment is substantially understated by a factor of 16%–55%. Because of the commonality of accounting practices, we expect other Ontario utilities to be similarly underpriced.Keywords
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