Event Calendar
2025 Director Finance Webinar Series (#2)
Date(s): May 15, 2025
Time: 8:30 AM CST - 10:00 AM CST
Register for the full series HERE.
Director Finance Webinar Series
1-1/2 Skill Builder Credit/attendee to attend all 5 webinars
Please contact Wendy (wendy@weca.coop) for GROUP discounts (for full board)
Who Should Attend: Board Members
January 16 ~ Understanding When Your Cooperative will Need More Revenue and How to Get It
- As operating expenses and capital expenditures continue to rise, and our needed revenue doesn’t naturally grow to cover those added costs, learn how to recognize drivers, timing and the amount of additional revenue needed.
- Discuss and consider options about timing of rate implementations.
- Consider methodologies that will assist our cooperative in recovering cost increases on a timely basis.
- Focus on the reasons for Revenue – including covering the cost of goods sold, operating expenses, margin needs, capital credit retirements, and capital expenditures.
- Increase confidence about the pro’s and con’s of debt in meeting cash flow needs.
- Understand compensation plans philosophies and application to the CEO performance review.
- Use metrics to evaluate performance.
- Determine best practices to ensure accountability and transparency.
- Explore techniques for gathering input and information.
- Compare results to the Business Plan and other critical plans of the cooperative.
- Engage in the details of following sections of the operating statement:
- Cost of goods – power supply
- Variable expenses – what can we control, and what do we have little control over
- Fixed expenses – understand the impact of long term decisions on the operating statement
- Discuss what the future holds in terms of changes to operating statement expenses
- Understand correlations and relationships of expenses to other financial aspects of the cooperative
- Discuss the impact of the following Assets on the balance sheet:
- The Work Plan – Infrastructure investments
- Materials and Supplies
- Accounts Receivable
- Cash
- Discuss the cost and decision to use:
- Debt
- What is the cost of debt
- What considerations should my cooperative consider in managing the debt portfolio
- What is the impact of equity to member rates
- Equity
- What is the cost of equity?
- What considerations should my cooperative consider in managing the cooperative’s equity position
- What is the impact of equity to member rates
- Debt
- Why are capital credits so important?
- Determine how much of your capital credits are from cooperative operations
- Discuss strategies to manage and plan for cooperative capital credit retirements
- Understand the impact of capital credits in the rate structure