APPA offers an overview of utility financial operations for policymakers webinar next week
Originally published May 7, 2013
On Tuesday, May 14, from 2 to 3:30 p.m. Eastern time, APPA will hold a webinar on "Overview of Utility Financial Operations for Board and Council Members." This is the sixth in a series of nine webinars designed to educate elected and appointed public power board and city council members on the responsibilities and processes of electric utility governance.
Utilities are under pressure to minimize rate impacts on customers while maintaining the financial health of their organization. This webinar will discuss key financial targets to help assure the long-term financial stability of the utility and ways to identify potential areas of cost reductions or efficiency improvements. The speaker, Mark Beauchamp, CPA, CMA, MBA, president of Utility Financial Solutions, will discuss how to assess the current financial condition of your utility, ways to use the financial targets to develop long-term rate projections and how to minimize potential rate changes on customers. The webinar also will cover the following topics:
• Financial ratios the utility board should review on a regular basis;
• Policies used by other utilities to maintain the long-term financial health and stability; and
• The appropriate amount of cash reserves.
Upcoming webinars will address ratemaking, strategic planning and performance monitoring and accountability for boards and city councils.
This webinar is worth 0.2 continuing education units, 1.5 professional development hours and 1.5 continuing professional education credits.
For more information and to register, visit www.APPAAcademy.org under Webinar Series or contact Meghan Riley at MRiley@PublicPower.org or 202/467-2919.
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Jeanne Wickline LaBella
Editor, Public Power Daily
Fallon W. Forbush
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Integrated Media Editor
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