Event Profile

Accounting, Finance, and RUS/FERC Accounting Fundamentals for Utility Personnel

Date(s):
June 25 — 26, 2019
Venue:
Yellowstone Valley Electric Cooperative
PO Box 249
Huntley, MT 59037 
Website:
Not available
Fee(s):
This event has a fee
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:

Administrative professionals and anyone who wants to understand how each role in the utility impacts the budget and financial statement.

Course Overview:

This one-and-a-half-day course will take you through the fundamentals of RUS/FERC accounting and provide practical examples you can use in your utility. Employees will learn how to research and learn these fundamentals from the source document rather than "we’ve always done it that way." Employees will learn skills that help their utility’s system achieve financial security and long-term benefits for members in a language that all employees can understand.

The course concludes with a discussion of employees' participation in the financial health of the utility. Budgeting, cash flow, and the importance of tracking expenses are highlighted. At the completion of the workshop, participants will have a more complete understanding of their personal impact on their system’s financial success. Employees will also be able to utilize online tools in researching RUS/FERC accounting and construction practices of utilities.

Course Topics:

  • Analysis of the financial reports (balance sheets, statements of operations)
  • Billing (accounts receivable turnover, write-offs, delinquency)
  • Plant accounting (inventory, engineering and operations, work order procedures)
  • Financial management (equity changes, capital credits, TIER, DSC, general funds, cash management, capitalization ratio, cost-of-service study, equity management, capital credits, legal challenges, allocation, retirement pros and cons)
  • Member services (marketing, communications)

What to Bring:

  • Most recent year-end financial report (Form 7)
  • Current equity management policy
  • Current capital credit allocation and retirement process
  • Calculator
  • Laptop with current versions of the following bulletins downloaded:
    • 1767B-1
    • 1767B-2
    • 1717B-2

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 8:30 a.m. to noon on day two. Lunch will be provided on the first day, and morning and afternoon breaks will be provided both days.

Course Location:

Yellowstone Valley Electric Cooperative
150 Cooperative Way
Huntley, MT  59037

Suggested Hotels:

Holiday Inn Express Billings East
430 Cole St
Lockwood, MT 59101
(406) 259-8600

No rooms have been blocked for this meeting. Please call the hotel or go online to get the best available guestroom rate.  

Course Fees:

Utility Member Early Bird (ends 5/25/2019): $600
Utility Member Standard: $675

Associate Member Early Bird (ends 5/25/2019): $900
Associate Member Standard: $975

Non-member Early Bird (ends 5/25/2019): $1,800
Non-member Standard: $1,875

Cancellation Policy:

Cancellations are accepted, with full refund, if request is made at least 30 days prior to the course. Within 30 days, fees are as follows: 15-29 days, $100; 1-14 days or "no show," 100 percent of registration fee. When possible, please send a substitute instead of canceling. NWPPA does not charge a fee for substitutions.

Continuing Hours:

This course qualifies for 12 continuing hours. Certificates are issued upon full completion of the course.

  • Register Self

For More Information:

To find out more about this course, to register, or to learn about other events, view the Training and Event Catalog.

No session information available at this time.

Track information is not available at this time.

Kim Mikkelsen
Organization: KW Consulting