2021 FINANCE AND ACCOUNTING WEBINAR SERIES

This webinar series includes five webinars intended for finance and accounting professionals. Each webinar is a 90-minute presentation, scheduled for 10 to 11:30 a.m. Each webinar will be recorded by the instructor and distributed by NDAREC to registrants following scheduled webinars.

Financial “New Normal” – Impact of COVID-19 and the Economy on Your Utility’s Revenue, Expenses and Plant Investment (Part 1)
March 30
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There is much to consider as we evaluate the impact of COVID-19 and forecast short-term and long-term economic outlooks. This two-part webinar will integrate skills and steps for analysis with problem-solving strategies that can be used to evaluate options and outcomes.
 

Key topics will include 1) revenue analysis, 2) rate analysis and rate structure, 3) understanding power bill components and impact to the utility and to members, 4) expense, work plan and margin analysis,

5) staffing and productivity measures, 6) opportunities and cost- reduction options and 7) cost adders.

The Financial “New Normal” – Impact of COVID-19 and the Economy on Your Utility’s Revenue, Expenses and Plant Investment (Part 2)
April 6
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This webinar will feature interactive discussion and application of Part 1 session concepts. Key topics will include 1) work force,

illness in the workplace, retirements and staff shortages; 2) training new employees 3) financial impact; 4) balance sheet; 5) updates

to assets projections; 6) account receivables – write-offs, delay of cash, economic impact; 7) impact to purchased power contracts and

8) debt management considerations.

Cost of Service Study and Rate Design
July 15
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This webinar will provide a better understanding of cost of service and rate design components. During this session, participants will learn what goes into a successful cost of service study (COSS), balancing the COSS to long-range plans, and the chief financial officer’s role in the rate-making process.

Strategy and Execution
August 5
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During this session, participants will better understand their responsibility in developing the corporate strategy as a senior leader and working with the cooperative’s board of directors. Execution of strategic objectives from a corporate, long-term and departmental perspective will be addressed. Other key topics will include documentation and measurement of outcomes.

Financial Metrics
September 9
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Participants will gain a better understanding of financial measurements, including return on equity, the Du Pont equation, Return on Assets (ROA), and equity multiplier. Additional concepts will include benchmarking and comparative ratios, capital and long- term planning, project cash flows, payback, Net Present Value (NPV) of cash flow, Internal Rate of Return (IRR), the value of a debriefing process, time value of money, present value, discounting capital credits, weighted average cost of capital, cost of debt and return

on equity.