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One-time enrollment · 12-month access
Enroll NowGroup pricing available →Turn invoices, timesheets, and contractor pay requests into accurate plant records. Built on a real year of water main replacement projects, this course follows a capital dollar from the work order to the retirement of the plant it replaces - with downloadable templates you can put to work on your own projects.
CPE Hours
Every capital project ends the same way: someone has to turn invoices, timesheets, and contractor pay requests into accurate plant records. This course shows you how to do it under GASB and the NARUC Uniform Systems of Accounts, the same way every time.
Built side by side for water and wastewater, the course follows the full life of a capital dollar - from authorization and CWIP, through overheads and interest during construction, to plant in service, depreciation, and retirement. Two case studies from a real year of water main replacement projects walk you through a contractor's final pay request and the retirement of replaced mains from start to finish.
You also leave with six downloadable templates for calculating labor, materials management, equipment, and administrative overheads and for allocating contractor project costs, so you can apply what you learn to your own projects right away.
Trace construction costs from project authorization through CWIP and plant in service to recovery in water and sewer rates
Course materials are provided for informational and educational purposes only. They do not constitute legal, accounting, or professional advice. Users should consult their own qualified legal, accounting, or other professional advisors regarding their specific circumstances.
Capital vs. expense, cash-needs vs. utility-basis ratemaking, the capitalization threshold, and retirement units vs. minor items.
The water and wastewater systems of accounts, plant accounts by function, and Accounting Instructions 19, 20, 27, and 28.
Labor, materials, direct costs, and overheads - and how to separate installation, maintenance, and cost of removal.
Water and wastewater retirement units, the anatomy of a standard unit, and real-world unit costs.
Building and applying a labor overhead rate, the stores expense loading on materials issued, and hourly equipment rates through clearing accounts.
Expensing construction interest, the GASB 62 regulatory asset exception, and a worked comparison.
Direct charging first, the 3-point allocation of shared services, and the construction share.
Developer-donated plant, system development charges, and CIAC under GASB and NARUC.
Allocating a contractor's final pay request to retirement units and plant accounts, testing the unit costs, and estimating original cost with the Handy-Whitman Index to retire the oldest vintages first.
In-service dates, unitization, retirements, and continuing property records - plus key takeaways, the overhead rates at a glance, and your learning path.
