By Greg Baird
Let’s face it, if our roots are in government finance, we are a conservative breed. Our backgrounds prior to becoming a water finance manager, director or CFO have been from accounting, budgeting or investments.
In any case, our training and experience have included conservative investments and low rates of return, declining revenues, avoidance of audit findings and political budget allocation meetings. At the end of the fiscal year, we have a sigh of relief because all of our efforts secured a safe debt ratio margin and some cash reserves on hand.
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What happens when a technology-related issue comes our way? We avoid it. After all, it is an IT thing.
While this attitude has kept us away from some form of extra work outside of our comfort zone, the truth is that we actually have a fiscal duty and obligation to explore and evaluate technology options just as if we were reviewing investment portfolio options, collateral for developer deals or RFPs for rate consultants.