Wednesday, March 21, 2018

Bills, Bucks, and Business Workshop

Start Date: 3/21/2018 9:00 AM CST
End Date: 3/22/2018 12:00 PM CST

Venue Name: Comfort Inn & Suites

W10170 Highway 54 E
Black River Falls, WI  United States  54615

Organization Name: Wisconsin Electric Cooperative Association

Wendy Fassbind
Phone: (608) 467-4589

Location: Comfort Inn & Suites
Room Block Name:  WECA
Room Cut-Off:  Monday, February 19, 2018
Rate:  $91 tax

Day 1
Registration: 8:30 a.m.
Program: 9 a.m.-4 p.m.

Day 2
Program: 8:30 a.m.-12 p.m. (no lunch on Day 2)

Bills, Bucks, and Business Workshop
1-1/2 Skill Builder Credits

This fast-paced workshop is based on the premise that “Every task performed in a utility has an impact on the ultimate bill sent to a consumer.”

Kim will describe how the impact of these tasks can be measured and evaluated. Practical examples will be provided for improving favorable outcomes and minimizing those that are unfavorable.

Is there a Money Tree where the cash comes from? Analysis of the financial report. What lines on the financials are  impacted by employees  and their productivity? Where does the money to support the activities come from? Review of the Balance Sheet. Review of the Statement of Operations.

Is there a Giant Rat Hole where the money goes? Review of the utility’s Key Ratios.

Billing Woes: Accounts turnover ratio, write-offs, over 90 day accounts.

Materials that Matter: Inventory turnover ratio, inventory as a percentage of total plant, acceptable inventory variances.

Engineering and Operations: Construction work in progress, impact of pole replacement, depreciation, vintage accounting, idle services, overtime ratio.

Financial Management: Equity changes, capital credits, TIER, general funds, cash management, capitalization ratio.

Member Services: Marketing, annual meetings, services.

The Utility’s Bills, Bucks and Business. The workshop concludes with a discussion of directors’ participation in the financial health of the cooperative.  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 decision-making impact on the system’s financial success.

Online registration is currently unavailable. Please contact us via email or phone for assistance.

Associate Membership

Associate membership in the Wisconsin Electric Cooperative Association provides a continuing opportunity for providers of goods, services, materials, and equipment to build and maintain networking contacts with Wisconsin's electric co-ops and others with interests and needs related to all aspects of the electric power industry.

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