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Managerial Accounting with Key Ratios
Date(s):
October 25 — 26, 2017
Venue:Benton PUD
Description:Note:
Online registration is currently closed, but spaces are still available. If you would like to attend this event, please call NWPPA at 360-254-0109, and our staff will be happy to help you.
Who Should Attend:
Anyone who has completed at least two modules of NWPPA's Utility Accounting Certificate Program, or anyone with significant utility accounting/finance experience.
Course Overview:
The financial statement of a utility is just a starting point; accounting is looking back—it's your brake lights, and it doesn't change anything. Financial management is looking forward—it's the headlights, it will be the beacon to guide your system's future; and it's the navigator. This course will navigate these strategies and include the following topics:
- Key evaluation and development of strategies in billing, operations, engineering, communications, governance costs, and finance.
- Creating a healthy equity strategy.
- Benchmarks for comparison to other utilities.
- Evaluating cash flow.
- Adequacy in budget development.
- Allocation and distribution of patronage capital credits.
Your tool pack will include Excel spreadsheets that you can take home to shine a beacon of light on your system. These are navigational tools that, when used with good and accurate input information, will yield a rational course of direction to guide your utility forward.
What to Bring to Class:
- Prior two year-end financial statements.
- Line statistics including:
- Miles of overhead and underground lines.
- Number of services.
- Number of idle services.
- kWh purchased, sold, and “own” use.
- Average cost per kWh purchased.
- Material purchases for prior two years, as well as beginning and ending inventory of same years.
- Employee statistics including:
- Gross pay charged to capital accounts.
- Gross pay charged to expense accounts.
- Balance of other gross pay.
- Hours worked by all employees.
- Overtime hours worked by all employees.
- Number of directors (trustees, commissioners).
- Total cost of pay, per diem, expenses of same directors.
- Total principal payments for each of the two prior years.
Course Instructor:
Kim Mikkelsen, KW Consulting
Course Schedule:
Registration will begin at 8 a.m.; the class will run from 8:30 a.m. to 4:30 p.m. on day one, and from 8:30 a.m. to noon on day two. Lunch will be served on day one; refreshment breaks will be provided on both days.
Course Location:
Benton PUD
2721 W 10th Ave.
Kennewick, WA 99336
Suggested Hotels:
Best
Western Plus Kennewick Inn
4001 W 27th Ave.
Kennewick, WA 99337
(509) 586-1332
This hotel is 1.4 miles from the course location.
La
Quinta Inn & Suites Kennewick
2600 S. Quillan Place
Kennewick, WA 99338
(509) 736-3656
This hotel is 1.6 miles from the course location.
A room block has not been established for this course. Please call
the hotel or go online for the best available rates.
Course Fees:
Utility Member Early Bird (extended through 10/25/2017): $700
Utility Member Standard: $775
Associate Member Early Bird (extended through 10/25/2017): $1,050
Associate Member Standard: $1,125
Non-member Early Bird (extended through 10/25/2017): $2,100
Non-member Standard: $2,175
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For More Information:
To find out more about this event, or to learn about other events, view the Training and Event Catalog. |
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