october, 2018

08oct(oct 8)1:00 am09(oct 9)1:00 amNuts and Bolts of Work Orders - Denver Location5400 Washington St, Denver, CO 80216

Event Details

E – Work Orders – CREA

To register for this course, follow this link: http://www.cvent.com/d/htqsrt

NUTS & BOLTS OF WORK ORDERS

 

Date:

Denver Class

Monday & Tuesday

October 8 & 9, 2018

 

Location:

Colorado Rural Electric Assn.

5400 Washington Street

Denver, CO  80216

 

To Register:

http://www.cvent.com/d/htqsrt

 

Time:

Mon: 9:00 a.m. – 4:30 p.m.

Tues: 9:00 – 11:30 a.m.

 

Fee:

$850 for 10 – 14 students

$570 for 15 – 19 students

$430 for 20 – 24 students

$350 for 25 – 30 students

$290 for 30 – 35 students

 

The class size is limited to 35 participants.

 

Lunch will be provided on Monday.

 

Participants will be billed after the course is held.

 

Registration Deadline:

September 8, 2018

Instructor:

Kim Mikkelsen

 

Questions:

Contact Jen Hight at

(303) 455-2700 ext. 700 or jenhight@coloradorea.org

Confirmation:

A minimum of ten people must be registered for the course to be held.  A letter will be sent to all participants confirming their registration in the course.

 

Cancellation Policy:

Cancellations received on or before the registration deadline will receive full refunds.  Cancellations received after the deadline may be billed 25 percent of the registration fee.

This 1 1/2 day course is for all employees of utilities who have any part of the plant construction process.  The course brings out the importance of operations and accounting in the work order process. Both are equally important.  Every dollar charged to a work order will eventually be charged to the rate payer.

 

The course will help line crews, staking personnel, accounting clerks, engineers, work order clerks, materials management personnel, payroll clerks, accounts payable clerks and any other employee who touches a work order.  A construction and retirement work order will be tracked through all processes and closed to plant in a “practice-set” approach. Topics include:

 

The Electric Delivery System – a brief introduction to the importance, composition and accountability of the utility’s electric delivery system.

 

The Purpose of a Work Order System – discussion of accounting for capital vs. operating expense.

 

The Sources of Capital Planning – discussion of necessary planning elements, their names and functions, and who typically prepares them.

 

Financing Options – what’s best to use, internal funds (rates), loans from RUS, CFC, CoBank, bond sales or other outside agencies, or CIAC

 

The Work Order Chain of Events – who does what and when?

 

Work Orders, Accounting and Financing – YES, there is a difference between accounting and financing purposes in the work order system — an often misunderstood concept!

 

The Cost Elements of a work order system – Labor, materials, and overhead, problems, concerns and triumphs!

 

Staking – let’s stake a line!  A concise and clear presentation of what it looks like “in the field”.  Clear photos of construction assemblies.

 

Unitization and Distribution to plant accounts – Translating from construction specs to accounting units and the importance of standard costs.

continued

Continuing Property Records – purposes and function

 

Contract Construction – a brief discussion of contracts and the proper forms.

 

Special Equipment – accounting process and discussion of trends in the industry moving away from special equipment and towards transformers as inventory.

 

 

Supplies To Bring:

·       Calculator

·       Most recent year-end financial report (Parts A-M)

·       Summary value of materials used in the year of report above along with ending value of account 154 if not an RUS borrower

 

 

 

The cost of this program has been reduced thanks to a donation from the Colorado Electric Educational Institute

 

 

 

 

Colorado Electric Educational Institute

Colorado Rural Electric Association

 

 

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