Tools for the Cooperative Finance Professional Toolbox - It's Budget Season

Date: Thursday, September 27, 2018
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Teri Wallis, Terilyn Wallis Consulting
Moderator:
Learning Objectives:
Discussion of Cash Flow analysis, evaluation of capital projects, and the value of debriefing
Field of Study: Finance
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.
  Order Recording

Course Description

Learning Objectives: ?1. Cash Flow Analysis ? The budgeting process requires an analysis of cash flows in addition to the operating statement and balance sheet. Attendees will learn to analyze their cash position including: 1) the base budget of an operating budget, work plan and capital credit rotation, 2) one-time projects, and 3) strategic objectives. ?2. Evaluation Capital Projects ? Budget season highlights the competing demands for projects to be completed and available funding. We will discuss metrics and evaluation techniques to assist in the evaluation of determining which projects should make it into the budget. ?3. The value of debriefing ? By stepping back and evaluating prior results, adjustments can improve the budgeting process going forward. Attendees will learn some tips about debriefing efficiently and effectively.

Presenter and Moderator Bios

Presenter: Teri Wallis, Terilyn Wallis Consulting

Teri is passionate and experienced in providing education, training and consultative services to electric utilities, the electric cooperative network, and cooperatives in a way that is down to earth, practical, and builds rapport. She has over 20 years of experience working in and with cooperatives across the nation to help solve their business needs. Her depth of knowledge comes from a deep understanding and work in the areas of finance and accounting. She is a skilled planner ranging from the broad outcomes of facilitating strategy sessions, to the details of building a road map to the future, and forecasting the financial impacts. Teri is driven to deliver and develop engaging and practical educational workshops and programming designed to meet the needs of employees and directors through engaging and interactive content. Teri reaches program attendees and boards of directors with her high energy, industry knowledge, and by integrated proven methods for adult learning into her material. Teri?s work experiences include working at the national level as a Regional Vice President for National Rural Utilities Cooperative Finance Corporation (CFC) where she has been an instructor in the National Rural Electric Cooperative Association (NRECA) Cooperative Financial Professional Certificate (CFPC) course for five years on the topics of equity management, financial and other related policies, and the key ratio trend analysis (KRTA). She has also taught financial topics in the MIP program. Teri was in integral in the development, writing, and presenting of CFC?s KRTA Certification courses. She has also been as a presenter for CFC Director workshops, and a speaker at the Independent Borrowers Executive Summit (IBES) on distribution equity. She is highly skilled at the planning functions of forecasting, budgeting, and facilitates numerous strategic planning sessions each year. Prior to working at the national level, Teri was a Chief Financial Officer an electric cooperative that served over 20,000 members, provided diversified services and was even a taxable cooperative for a few years. She also has finance and accounting experiences in other industries, making her a well-rounded financial professional. Teri?s education includes an M.B.A. in finance from the University of St. Thomas, Minneapolis, and a B.S. in accounting from the University of Wisconsin ? Superior. Teri is nearing completion of a Doctor of Education in adult education. In 2009, Teri completed the NRECA Management Internship Program at UW-Madison Center for Professional and Executive Development. Away from work, Teri and her husband, Mike, enjoy spectating the activities and events of her two children, spending time with family, working with their dogs and enjoying the outdoors. Teri is 4-H club and county leader, volunteer, and huge proponent for the 4-H program, as well as a certified Fair Judge.

Cost
Free 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.