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Massachusetts Stormwater Enterprise Funds

Wednesday, June 21, 2017

Course Description
Last Updated: May 2, 2017

Course Description


Registration Form

Directions to Class


The Massachusetts Stormwater Enterprise Fund class will be conducted on Wednesday, June 21, 2017 at the Needham School Administration Building. This class will cover the (1) the regulatory requirements of the MS4 stormwater permitting process and (2) the budgeting, accounting, and financial reporting of Massachusetts Enterprise Funds including new emphasis on indirect costs.

Stormwater Issues:

  • Permit Background
  • Overview of the Draft MS4 Permit
  • Example Costs
  • Funding Options
  • Recommended Actions

Massachusetts enterprise fund topics:

  • History and Overview
  • Budgeting
  • Segregating Stormwater Costs
  • Warrants
  • Schedule A-2 of the Tax Recap Sheet
  • Indirect Costs
  • Accounting


Wednesday, June 21, 2017
9:00 AM - 4:00 PM


Needham School Administration Building
1330 Highland Avenue
Needham, MA 02492



CPE Credit

6 hours



Mark D. Abrahams, CPA, President of The Abrahams Group, has taught the UMAS course for thirty years. He has assisted many Massachusetts communities implement UMAS based budgeting, accounting and reporting systems and GASB 34 financial reporting systems, has established several enterprise funds, and has conducted many rate studies. He is co-chair of the New England Water Works Association's Financial Management Committee.

Robert J. Rafferty, PE, Environmental Partners, Senior Project Manager, has over 20 years of engineering experience in the municipal sector. He has conducted training sessions and created stormwater compliance programs since the issuance of the first Massachusetts MS4 stormwater permit. He recently led training workshops for dozens of communities focused on the draft MS4 permit released in September 2014. At the 2015 MMA conference he presented the municipal perspective on the draft MS4 permit as a member of an expert panel.

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