Hello, I am looking for someone to write an essay on Efficiency. It needs to be at least 3500 words.
Generally, water efficiency is not defined specifically by a single KPI. Each country adopts various indicators, most of which are account size to the population served by the WSO, volumes of water supplied or similar normalized factor. In Kenya, WASREB, 2018, provides nine KPIs for across all water utilities. These are. Water coverage, Drinking Water Quality, Hours of Supply, Personnel expenditure as a percentage of O+M Costs, O+M cost coverage, Revenue collection efficiency, on-Revenue Water, Staff productivity and metering ratio. The economic efficiency by WASREB are personal expenditure as a percentage of O+M cost, which measures if personal related expenses are proportionate to overall O+M cost as defined by respective sector benchmark, O+M cost coverage, which is the total amount of revenue collected by utility expressed as a percentage of the total amount billed over same period and revenue collection efficiency, which is the extent to which utility is in a position to meet its O+M cost from internally generated funds. It ensures long term financial sustainability.
1.1.2 Financial performance
Financial performance can be used to access and evaluate an entry through the indicators which are measurable, that is, profitability, coverage turnover, financial and control ratios among others. For the financial performance indicators to have a meaning, it must be compared from a given period, industry and norms. (ADB, 2014)
1.1.3 Relationship between efficiency and financial performance
According to EAA, 2015, efficiency contributes to improved economic opportunities, enhanced productivity, minimize costs and improvement in competitiveness and thus reduce environmental pressures. In urban water management, efficiency is generally considered to include not only the consumption and reuse of water volumes, but also the net consumption of energy and material of resources, and emission intensities related to water utility operations. Improved efficiency can reduce consumption of resources, alleviate pressures on the environment and help create jobs in the water utilities. Water utilities measure their efficiencies through the key performance indicators in order to evaluate their performances and compare themselves with others as a way of improvement. Thus, efficiency is crucial in allocating and utilizing financial resources to the management across all the firms.
Financial performance as a concept has a variety of meaning, among them, short or long term, financial or organizational benefits. It is broadly viewed from these two perspectives (Appiah-Addu, 1998). The subjective measure which is concerned with the performance of the firms in comparison with its competitors (Golden 1992), and the objective concept based on absolute measures of the performance.
1.2 Water service providers
Water services boards are created under the Ministry of Water &. Irrigation with a view of bringing efficiency, economy and sustainability in the provision of water &. sewerage services in Kenya. Athi Water is one of the eight Boards in the Ministry of Water Act 2002 to serve over 5.