Scott A. Miller

Scott A. Miller

Partner, CPA · +1 (317) 465 1506

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Scott A. Miller, partner in the public sector practice group has nearly twenty-five years of experience in the municipal advisor and utility rate industries.

He has extensive experience with financial studies for municipally owned water, electric, gas, steam and sewage utilities, not-for-profit and investor owned water and sewer corporations, regional water and sewer districts and conservancy districts. These studies often involve determining utility revenue and rate requirements, cost-of-service studies, rate design and the financial planning associated with the acquisition of capital.

Registered Municipal Advisor with the Securities and Exchange Commission.

  • Analyzes revenue requirements and performs cost of service studies and rate design for water, wastewater, electric, gas and steam utilities
  • Serves as an expert witness before regulatory bodies in utility rate proceedings
  • Provides assistance with bond and note financings through the capital market, State Revolving Fund, USDA Rural Development and other sources
  • Provides financial reporting, strategic planning and rate management for utilities
  • Provides asset management planning for utilities
  • Prepares system development and capacity fee studies
  • Assists with wholesale rate development and intergovernmental contract negotiations
  • Provides valuation services related to utility rate base
  • Advises on acquisitions, dispositions, mergers, privatization and re-municipalization of utilities
  • Authors various articles related to the utility industry


  • American Institute of Certified Public Accountants (AICPA)
  • Indiana CPA Society (INCPAS)
  • American Water Works Association (AWWA)
  • Chair, Water Utility Council / Indiana Section AWWA
  • Accelerate Indiana Municipalities (AIM)
  • Indiana Water Environment Association (IWEA)
  • Indiana Rural Water Association (IRWA)
  • Alliance of Indiana Rural Water (AIRW)
  • Former member AIRW Advisory Council

Thought leadership

  • “Water Conservation and Lost Water and Their Impact on Utility Revenues,” AWWA, 2019
  • “Utilities and P3s – How to Attract Capital and Manage a Strong Program,” AWWA, 2018 (co-author)
  • “Succession Planning for Indiana Utilities,” AWWA, IRWA and IWEA, 2017
  • “Revenue Bond Financing,” Indiana Public Finance Leadership Summit, 2017
  • “Utilities and P3s – How to Attract Capital and Manage a Strong Program,” AIM, 2017 (co-author)
  • “ARRA Build America Bonds – Time to Refinance? and Use of TIF’s,” ACEC, 2016
  • “Utility Rate Comparisons and Current Trends in Project Financing,” AWWA, 2015
  • “National Infrastructure Bank – A New Line of Credit?” AWWA, 2014
  • “Encouraging Water Conservation through Effective Pricing,” AWWA and AIRW, 2012
  • “Connect Four: Economic Development Strategies for Lining Up Municipalities, Water, Energy & Money,” AIM, 2011
  • “Waterworks Rate Setting/Project Funding,” AWWA, 2011 (co-author)
  • “System Development Charges and Capital Planning,” AIRW 2010 and IRSDA 2011
  • “Ensuring Adequate Revenues to Maintain Utilities,” AIM, 2010 (co-author)
  • “The Benefits of Financial Planning,” AWWA, 2009
  • “Growing Pains: Utility Growth Issues,” AIRW, 2008
  • “Alternative Revenue Sources: Bridging A Funding Gap,” AIM, 2008 (co-author)
  • “Sales Tax and Other Taxability Issues – An Overview,” AIRW, 2007 (co-author)
  • “The Right Stuff: Municipal Utilities as a Launching Pad for Growth,” AIM, 2007
  • “How do you Rate? Utility Rate Studies,” AIM, 2004 (co-author)
  • “Rate Review Indicators and Fee Types,” IASC, 2004

Continuing professional education

  • Financial Management: Cost of Service Rate-Making (AWWA 1998)
  • Intermediate Utility Cost of Service & Retail Rate Design (APPA 2010)
  • Advanced Utility Cost of Service & Retail Rate Design (APPA 2010)
  • Supervisory and Compliance Obligations of Municipal Advisors: MSRB Rule G-44 (MSRB 2018)
  • Due Diligence: Primary Offering Disclosure Responsibilities (MSRB 2018)
  • The Decision to Borrow: Roles and Responsibilities of Market Participants in Fixed Rate Primary Market Offerings (MSRB 2018)
  • Revenue Recognition (Becker CPA 2018)
  • U.S. Securities and Exchange Commission: Recent Trends and Actions (Becker CPA 2018)
  • G400 Community Meeting (AICPA 2018)
  • Introduction to Business Valuation (AICPA 2017)
  • GAO Green Book – Government Internal Control Standards (Becker CPA 2017)
  • Risk Management in the Public Sector (Becker CPA 2017)
  • Emerging Leaders Academy Year 3 (Upstream Academy 2015)
  • Emerging Leaders Academy Year 2 (Upstream Academy 2014)
  • Emerging Leaders Academy Year 1 (Upstream Academy 2013)
  • The Emerging Partner Training Forum (AICPA 2006)
  • Leadership: Becoming an Impact Player (Center for Corporate Financial Leadership 2003)




Indiana University, Kelley School of Business – Bloomington
Bachelor of Science in accounting

Certified Public Accountant (CPA)
State of Indiana