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Work Order Procedures
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 Export to Your Calendar 4/17/2018 to 4/18/2018
When: April 17 - 18, 2018
See event details.
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Hilton Minneapolis/St. Paul Airport Mall of America
3800 American Blvd. E.
Bloomington, Minnesota  55425
United States
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Online registration is available until: 4/12/2018
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This is a pre-conference to REMA Finance Managers Spring Conference
Work Order Procedures & Materials Management

April 17-18, 2018 (T  1:00-4:30, W  8:00-3:00)
Hilton Minneapolis/St. Paul Airport Mall of America,
3800 American Blvd. E., Bloomington


Other pre-conference class:
Human Resource Network


This 1 1/2-day course, designed by Kim Mikkelsen, is for all employees of rural utilities who have any part of the plant construction process. This course stresses the importance of each participant in the process, and asks staff to think about their eventual impact on the cost of Total Utility Plant and the recovery of that plant through the rates of the system’s members. We’ve added a segment on Materials Management to help you effectively manage inventory and contribute to the co-op’s bottom line.

Who Should Attend
Co-op employees at all levels

 

Key Topics

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.

*  Staking - Let’s stake a line. A concise and clear presentation of the ins and outs of staking.

Unitization and Distribution to plant accounts – Finally, the engineers are out of the picture and its
    pure accounting. We’ll discuss the conversion of construction units to retirement units, and mention
    the development and maintenance of Standard Costs.

Effective materials management impacts many key performance ratios, current ratio, inventory
    turnover, inventory as a % of TUP, equity, idle services, and pole replacements. Costs of handling
    inventory also need to be considered.

Sources of capital planning, financing options and a discussion of contracts and proper forms to
    use.

 

What to Bring

Participants are asked to bring a calculator and page two (2) of your system’s most recent Form 7 or CFC equivalent.

 

Instructor

Kim Mikkelsen works extensively in rural electric accounting, administration and finance. Her professional background includes experience as a teacher in public education and manager of office services in a medium sized rural electric system in Central Montana and CFO for a PUD in Washington State for 20 years.

 

Who Should Attend

All employees who play a part in the work order process, including engineers, operations managers and work order clerks. 

 

Price

MREA Education Program Members                      $389

Non-MREA Education Program Members             $489

 

Note: The MREA Education Program membership is offered to all MREA member co-ops and G&Ts and is an additional annual fee. You will receive MREA Education Program Member rates only if your cooperative has paid the Education Program dues.

 

Hotel
Hilton Minneapolis/St. Paul Airport Mall of America
3800 American Blvd. E., Bloomington, Minnesota 55425

Call 952-854-2100 or 1-800-HILTONS and tell them you'd like the 'REMA Finance Managers Conference group rate'.
$145/night + tax.  Room block expires March 27, 2018.

 

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