Calendar

Monday & Tuesday,

December 3 & 4, 2018

Location:

Sangre de Cristo Electric

29780 North U.S. Highway 24

Buena Vista, CO  81211

To Register:

Follow this link: http://www.cvent.com/d/4tqcm5

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:

November 1, 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.

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

Wednesday & Thursday

December 5 & 6, 2018

Time:

Wed: 9:00 a.m. – 4:30 p.m.

Thur: 8:30 – 11:30 a.m.

Location:

Sangre de Cristo Electric Assn.

29780 N US Highway 24

Buena Vista, CO 81211

Instructor:

Kim Mikkelson

Fee:

$660 for 10 – 14 students

$445 for 15 – 19 students

$340 for 20 – 24 students

$270 for 25 – 30 students

$230 for 30 – 35 students

The class size is limited to 35 participants.

Lunch will be provided on Wednesday.

Participants will be billed after the course is held.

Registration Deadline:

November 2, 2018

To Register:  http://www.cvent.com/d/htqr0z

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.

Questions:

Contact Jen Hight at the CREA office (303) 455-2700 ext. 700 or jenhight@coloradorea.org

This workshop is based on the premise that “Every employee and every task performed at the utility has an impact on the ultimate bill sent to a member.”

Kim will describe how the impact of our jobs can be measured and evaluated.  Practical examples will be provided for improving favorable outcomes and minimizing those that are not as favorable.  Employees will learn skills that help your system achieve financial security and long-term benefits for members.

Your system’s financial cornerstones will be revealed in terms that all employees can understand.

Topics:

Is there a Money Tree where the cash comes from?  Analysis of the financial report.  What lines on the financials are impacted by your job and productivity?  Where does the money to support your activities come from? Review of the balance sheet.  Review of the statement of operations.

Is there a Giant Rat Hole where the money goes?  Review of Key Ratios

Billing Woes:  Accounts turnover ratio, write-offs, over 90 day accounts

Materials that Matter:  Inventory turnover ratio, inventory as a percentage of total plant, acceptable inventory variances

Engineering and Operations:  Construction work in progress, impact of pole replacement, depreciation, vintage accounting, idle services, overtime ratio, contributions in aid of construction (CIAC), and continuing property records.

Financial Management:  Equity changes, capital credits, TIER, DSC, general funds, cash management and capitalization ratio, cost-of-service study.  Special emphasis will be placed on equity management and capital credits.  The new legal challenges, impacts on equity of payment of capital credits and growth in capitalization will be discussed.  Various methods of allocation and retirement pro’s and con’s will be discussed.

Member Services:  Marketing, communications

                                                                Continued