Event Calendar

Thursday, August 15, 2024

2024 Director Finance Webinar Series

Start Date: 8/15/2024 8:30 AM CDT
End Date: 8/15/2024 10:00 AM CDT

Venue Name: Webinar

Location:
WI  United States 

Organization Name: Wisconsin Electric Cooperative Association

Contact:
Wendy Fassbind
Email: wendy@weca.coop
Phone: (608) 467-4589



Register for the full series HERE.


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.


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.

Learn More  >