Start Date: 3/22/2022 9:00 AM CDT
End Date: 3/22/2022 5:00 PM CDT
Venue Name: Florian Gardens Conference Center Location:
2340 Lorch Avenue
Eau Claire, WI United States 54701
Wisconsin Electric Cooperative Association
Location: Holiday Inn South
Room Block Name: Wisconsin Electric Cooperative Association or WECA
Registration: 8:30 a.m.
Program: 9 a.m.-5 p.m.
CFC Statewide Workshop
1/4 Skill Builder Credit
Understanding Financial Statements:
This session will help directors better understand financial statements by focusing on key sections, such as the Statement of Operations and Balance Sheet. This will be accomplished by reviewing several activities commonly experienced by cooperatives and learning how they flow through these financial statements. Directors will also increase their understanding of several important ratios such as Times Interest Earned Ratio (TIER) and Equity to Assets.
The Capital Markets and Electric Cooperatives:
This session will discuss the capital markets’ view of electric cooperatives and provide some behind-the-scenes insight into questions such as: What is the view of electric cooperatives in the context of today’s evolving industry? Which trends are being watched most closely by investors and rating agencies? How do electric cooperative credit ratings compare to IOUs? And why are credit ratings so important?
Commitment to Excellence:
This interactive session will guide attendees through CFC’s Commitment to Excellence publication focusing on case studies about commonly found issues directors encounter, from each of its three sections: Principled Leadership, Financial Stewardship, and Governing for Risks and Change. Directors receive a hands-on experience thinking through scenarios designed to promote critical thinking around fiduciary responsibility and financial policy. Attendees break up into small groups, discuss these issues and report their findings to the entire class.
This session will provide an update on industry energy trends, with a focus on natural gas and coal and other factors influencing the industry today.
*Program runs 9 a.m.–5 p.m. at the Florian Gardens Conference Center with a reception and dinner to follow at the Holiday Inn South.
Please note that an inherent risk of exposure to COVID-19 exists in any public place where people are present. By attending this event, you voluntarily assume all risks related to exposure to COVID-19.