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ONLINE: NRECA BLC 977.1 Equity Management & Boardroom Decision Making
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 Export to Your Calendar 11/4/2020 to 11/5/2020
When: November 4-5, 2020
1:00 pm
Where: Map this event »
ONLINE
Minnesota
United States
Contact: Karen Miller, Event & Membership Coordinator
763-424-7245


Online registration is available until: 11/4/2020
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ONLINE: NRECA BLC 977.1 Equity Management & Boardroom Decision Making

November 4-5, 2020, (W 1-4, TH 9-12)

COURSE DESCRIPTION
Explain the purpose and function of key financial statements (balance sheet, statement of cash flows, statement of operations)
Apply a process for determining a board's philosophy regarding key financial metrics (TIER, Equity, MDSC
Analyze the impact of boardroom decisions (plant growth, construction, etc.) and trade-offs between key financial area (e.g., rates, equity and capital credits)
Communicate clear guidance to the CEO regarding financial decisions

Prerequisites: It is suggested but not required that participants first take Financial Decision Making (2640)


INSTRUCTOR

John Penry has 15 years of public utility experience including 9 years at Salt River Project (SRP), a large water and public power company in Phoenix, AZ. While at SRP, he had assignments in Strategic Planning, Resource Planning, Customer Billing & Competitive Provider Services, and Supply & Trading. His projects included business process improvement, analytics, and program management. At the same time, he taught microeconomics, at the college level for five years. At CFC, he created and managed the Cooperative Financial Professional Certificate (CFPC), conducted macroeconomic analysis, and ad hoc financial and economic analysis. The CFPC is a joint program with NRECA that includes two weeks of intensive in-class instruction, a series of webinars, and a capstone project requirement. John managed and instructed the CFPC for seven years with over 220 cooperative CEOs, CFOs and other senior accounting & finance professionals in attendance.  Along with Krishna Murthy of CFC and the Iowa Association of Electric Cooperatives, he created a model to estimate the impact of distributed solar generation on a cooperative’s operating statement. John has conducted many workshops, both in person and as webinars, on several cooperative financial topics including: Equity Management, Financial Planning & Budgeting, Financial Decision Making*, Rates Strategies for 21st Century Challenges*, and Capital Credits Issues & Decisions*. He is also highly proficient in Excel and has given workshops on how to use and program with Excel.

 

He holds a BS degree from Auburn University and a dual Master’s Degree from the University of Arizona (MBA) and Thunderbird, the American Graduate School for International Management (MIM). Prior to attending graduate school, he worked in the consumer electronics industry for 4 years. He and his wife spend their weekends corralling their 4 kids.

 

*NRECA Directors courses


WHO SHOULD ATTEND

Electric co-op directors


PRICE
Education Program Members $415

Non-Education Program Members  $515

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