Accounting & Finance Fundamentals for Utility Personnel
May 3 4, 2017
500 W. Third Ave.
Anchorage, AK 99501
Fee(s):This event has a fee
The pre-registration is currently closed. If you would like to attend this event, please come to the NWPPA registration desk at the hotel, and our onsite coordinator 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.
A Guide to the Wonderful World of RUS Accounting, May 1-2, 2017
This one-and-a-half day course has been designed by Kim Mikkelsen for all employees of utilities, and is based on the premise that "every employee and every task performed at the utility has an impact on the ultimate bill sent to a member/customer."
Mikkelsen will describe how the impact of your job can be measured and evaluated. Practical examples will be provided for improving favorable outcomes and minimizing those that are not as favorable. Employees will learn skills that help their system achieve financial security and long-term benefits for members. Utility systems' financial cornerstones will be revealed in terms that all employees can understand. The class will conclude with a discussion of employees' participation in the financial health of the utility; budgeting, cash flow, and the importance of tracking expenses will also be highlighted.
- Analysis of the financial report. What lines on the financials are impacted by your job and productivity? Where does the money to support your activities come from? Review of the Balance Sheet and the Statement of Operations.
- Accounts turnover ratio, write-offs, and over-90-day accounts.
- Inventory turnover ratio, inventory as a percentage of total plant, and acceptable inventory variances.
- Construction work in progress, impact of pole replacement, depreciation, vintage accounting, idle services, overtime ratio, contributions in aid of construction (CIAC), and continuing property records.
- Equity changes, capital credits, TIER, DSC, general funds, cash management and capitalization ratio, and cost-of-service studies.
- Marketing and communications.
- Allocation and distribution of patronage capital credits
What to Bring:
- 2014 year-end financial report
- A calculator
Kim Mikkelsen, KW Consulting
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. until noon on day two. Lunch will be served on day one; refreshment breaks will be provided on both days.
Course Location & Hotel Information:
500 West Third Avenue
Anchorage, AK 99501
Room rate: $129 for a single/double
Please book your room
as soon as possible, but no later than April 2, 2017, to secure
this rate. Mention that you are with Northwest Public Power Association
when booking your reservation.
Utility Member Early Bird (ends 4/2/2017): $740
Utility Member Standard: $815
Associate Member Early Bird (ends 4/2/2017): $1,110
Associate Member Standard: $1,185
Non-member Early Bird (ends 4/2/2017): $2,220
Non-member Standard: $2,295