Equity Management: Creating a Policy That is Right for Your System

Date: Thursday, January 14, 2016
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenter: Rod Crile, Retired Regional Vice President, CFC
Moderator:
Learning Objectives:
To discuss (1) how to set margin requirements to achieve a target level of equity while redeeming patronage capital on a consistent basis, (2) the importance of following work plan goals for funding plant through long-term debt, (3) drafting a sample policy and the drivers that are different for each cooperative, and (4) creating a policy that is effective in both good and bad times, in an Electric Coop setting.
Field of Study: Accounting
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

This session will revolve around the Electric Coop and will discuss how to set margin requirements to achieve a target level of equity while redeeming patronage capital on a consistent basis; the importance of following work plan goals for funding plant through long-term debt; the drafting of a sample policy and the drivers that are different for each cooperative; and creating a policy that is effective in both good and bad times.

Presenter and Moderator Bios

Presenter: Rod Crile, Retired Regional Vice President, CFC

Rod Crile retired from CFC in 2015 after working 13 years as a Regional Vice President. During that time, in addition to his normal CFC duties, Rod also was an instructor for NRECA, teaching financial-related classes to electric cooperative board and staff members. Prior to joining CFC, Rod was Vice President of Business and Engineering Systems and Support for NISC, formerly CADP. Other positions held with NISC include Member Support Director, Industry Advancement Manager, and Cost and General Accounting Administrator. Rod also held various accounting positions for two Ohio rural electric cooperatives—Licking Rural Electric Cooperative and Washington Electric Cooperative. Rod started his professional career working for Borden, Inc., in Columbus, Ohio. Combining his tenure at NISC, CFC and the two electric cooperatives, Rod has more than 36 years of experience working with cooperatives across the United States. Rod earned his degree in accounting from Bowling Green State University in Ohio. Rod and his wife Cindy live in the St. Louis area and have five children and three grandchildren.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.