Financial Dashboards: Imagine Your Ford Telling You the Health of Your Water System?
The idea behind a financial dashboard is really no different than a vehicle dashboard. With a glance across the dials, you are able to get a picture of how the vehicle is performing from speed, fuel level and upcoming maintenance needs. With financial dashboards, the dials tell you your burn rate of cash, affordability of rates, reserves for capital replacement and how soon you may run out of money if you do not stop at a cash station. Financial dashboards help operators, managers and ultimately board members determine the financial condition of the system, the upcoming major repairs and maintenance, and the ability to borrow money. Finally, dashboards give the user easy slide bars or dials to turn to see how much rates would have to rise if you are applying for a major capital improvement loan or simply wanting to establish a cash reserve.
Blanchard, Chris. (2012). "Financial Dashboards: Imagine Your Ford Telling You the Health of Your Water System?". Rural Water, 33(2), 28-30.