Note:
This event has been cancelled. For questions or to find out about future training opportunities, please contact
Jenny Keesey at (360) 816-1458 or jenny@nwppa.org.
Who Should Attend:
CFOs, accounting personnel, and financial analysts.
Program Overview:
The financial statements of your utility are the starting point of learning managerial techniques and using ratios. Looking back at the historical accounting of your system results is like looking in a rearview mirror. It tells you where you have been and where you are at. In this three-part course you will build an understanding of your current status that can be used to pave the path of your utility. We will switch gears from historical accounting to financial management, which is looking and managing forward. What you take away from this course will be concepts that will light your path to the future. You will be trained to be the navigator.
Participants will engage throughout the course through interaction with other utility participants, in addition to the individual application to your utility’s financial situation. Through a deeper understanding of your past and current financial statements, you will be ready to apply new knowledge of managerial and ratio concepts, making you ready to apply and navigate the future direction of your utility’s financial direction. There will be discussion and interaction about questions you have, scenarios, and application of your distribution system’s financial statements from year end 2019.
Program Topics:
- Financial statement analysis and key financial ratios to understand
- Operating statement, including evaluation and development of strategies regarding billing, operations, engineering, communications, governance costs, and finance
- Application to your utility
- Balance sheet, including total utility plant, receivables, inventory, debt, and long-term equity strategy
- Interpret the impact of job and process costs, overhead costs, estimates, and actual results
- Allocation and distribution of patronage capital credits (cooperatives)
- Cash flow statement, including operating activities, investing activities, and financing activities
- Budget and forecast development strategies, implementing a plan over time
What to Bring:
- 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
- Number of open work orders
- Overhead factor by month for the prior year
- Material purchases for prior two years, as well as beginning and ending inventory of same years
- Employee statistics including:
- Number of employees
- 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
- Capital expenditures: general plant and plant additions for the two prior years
Program level: Intermediate
Prerequisite: None
Advanced preparation for this webinar is not required
Delivery method: Group Internet Based
Recommended CPE: 2 per day, 6 total
Recommended field of study: Finance 2.0 per day, 6.0 total
Other Continuing Hours: This course qualifies for 2 hours of CEU. NWPPA certificates will be issued upon full completion of the webinar.
Registration Requirements: Please register online at www.nwwpa.org, or contact Gail Patterson, gail@nwppa.org.
Webinar Instructor:
Teri Wallis, Terilyn Wallis Consulting
Program Schedule:
Each webinar will be held from 10 a.m. to noon. Pacific Time. Attendees will be admitted 15 minutes before the webinar begins. Recordings will be available to participants after the webinar.
How to Participate:
Instructions will be emailed to attendees 12 hours before the webinar and we recommend that you test the link to the meeting as soon as you get the instructions. The webinar is best viewed using Chrome as your browser. We recommend that you use a landline for both your phone and your internet connections.
This registration is for one person to attend. We manage our webinars on an honor-system basis; if more than one person from a utility wishes to attend, each is to register separately.
Program Fees:
Individual Attendee Registration:
Unlimited Attendee Registration*:
Utility Member Rate: $675
Associate Member Rate: $1,015
*If your organization would like to send multiple attendees to this event, please contact Jenny Keesey at (360) 816-1458 or jenny@nwppa.org for further details.
Program Refund and Cancellation Policy:
Cancellations are accepted, with full refund, if request is made at least 30 days prior to the course date. Within 30 days, fees are as follows: 15-29 days, $100; 1-14 days or “no show,” 100% of registration fee. When possible, please send a substitute instead of canceling; NWPPA does not charge a fee for substitutions. To request a refund, please contact Gail Patterson, Registrar, at Gail@nwppa.org or (360) 816-1450. If registration was paid by credit card, a refund will be issued to that credit card; all other refunds will be issued via check. For more information regarding administrative policies such as complaints or refunds, please contact our office at (360) 254-0109.
Complaint Resolution:
NWPPA endeavors to resolve any and all complaints as expeditiously as possible. If a complaint is not resolved to our members satisfaction, please contact Scott Corwin, Executive Director at scottc@nwppa.org or (360) 816-1441. For more information regarding administrative policies such as complaints or refunds, please contact our office at (360) 254-0109.
NWPPA Code of Conduct:
NWPPA holds professional conferences, meetings, and other events to enhance the success of our members, and we are committed to providing a professional environment free of inappropriate actions or harassment. All attendees are expected to observe the Code of Conduct while attending an NWPPA event and while participating in any NWPPA-sponsored social or networking function.
The Northwest Public Power Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org.
