Event Calendar

Start Date: 12/12/2024 8:30 AM CST
End Date: 12/12/2024 10:00 AM CST

Venue Name: Webinar

Location:

Organization Name: Wisconsin Electric Cooperative Association

Contact:

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Register for the full series HERE.

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Director Finance Webinar Series
1-1/2 Skill Builder Credit/attendee to attend all 6 webinars
Please contact Wendy (wendy@weca.coop) for GROUP discounts (for full board)

Who Should Attend: Board Members

Webinar 1 (February 22)
Operating Costs and Operational Plans

• Correlating operational needs, the budget, and outcomes of operational expenses.
• Evaluating the impact of inflation (2022-2023 impacts) on the cost of doing business.
• Roles and responsibilities of a director in operational expenditures and results.
• Strategies to accomplish necessary work while containing costs.

Webinar 2 (April 11)
Capital Credits

• Review of the basic tenants of the capital credits process for an electric cooperative.
• Determination of retirement strategies.
• Managing the equity position of the cooperative.
• Understanding and overseeing the cooperative’s distribution equity.
• Understanding and overseeing the cooperative’s G&T equity (if applicable).
• Identifying and overseeing the cooperative’s other equity.

Webinar 3 (June 6)
Business Plan Essentials

• Understanding the importance of an annual business plan as an electric cooperative.
• Determining essential components, definitions, and details of a Business Plan
• Approving, reviewing, tracking, and celebrating the business plan.

Webinar 4 (August 15)
Asset Purchases and the Balance Sheet

• Determining capital budget/expenditures through planning.
• Planning, reviewing, and approving the work plan.
• Awareness of basic depreciation concepts and the long-term view of a utility.
• Paying for capital purchases through the rate structure.

Webinar 5 (October 24)
Planning for Industry Changes and Future Advancement

• Identifying and planning for changes in the electric utility industry.
• Organizing and following industry trends.
• Knowing when and how to respond to industry changes and the financial impact to the budget, business plan, work plan.

Webinar 6 (December 12)
Debt Management and the Balance Sheet

• Understanding and executing the debt strategies of the cooperative, both long-term and short-term.
• Providing guidance to the debt portfolio through board policy.
• Balancing competing priorities of having low rates, high reliability, and a strong financial position.

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