Courses
  • Date(s)

  • Offered
    • Face-to-face
    • Online
    • On-site

June Course: June 18 and 19, 1-4 p.m. ET each day - SOLD OUT
August Course: August 4 and 5, 11 a.m.-2 p.m ET each day - SOLD OUT

Overview


This class has the board member consider common board room decisions and how these decisions impact the cooperative’s financial strength. In this online course, you will cover a year’s worth of key financial decisions and how they affect the cooperative’s equity position. Concepts will be reinforced through practical and strategic exercises designed to give attendees a theoretical understanding that he/she can apply to situations back at their own co-op.

KEY TOPICS
  • 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 tradeoffs between key financial areas (e.g., rates, equity and capital credits)

  • Communicate clear guidance to the CEO regarding financial decisions

ONLINE COURSE FORMAT

We’ve tailored this online training to be a rich educational experience that you can participate in without travel. A greater focus will be on the instructor’s expertise and experience while teaching the course content. Questions and comments are welcome and managed in a way that supports collaboration and interaction and avoids having one person speak over another. This class will be limited to 20 participants. Enrollment is first come, first served.

The course will be divided into two sessions and delivered over two consecutive days. You must participate in both sessions to earn course credit.


FEATURES OF THIS ONLINE COURSE
  • NRECA instructor

  • No travel required

  • Co-op specific content

  • BLC credit awarded upon completion
  • Continuing education awarded toward Director Gold


CREDITS

NRECA – 1 credit

CEU – 0.6 credits

Yes

Curriculum

Instructors

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Fees

$559 per participant

Competencies

CORE COMPETENCIES
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ROLE-SPECIFIC
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SUPERVISORY, MANAGEMENT AND LEADERSHIP
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