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NRECA CCD 2630, 2640

December 4, 2024 8:00 AM - December 5, 2024 3:00 PM (CST)

Description

NRECA CCD 2630, 2640
December 4-5, 2024 (W 8a-3p, Th 8a-3p)
MREA Office
11640 73rd Ave N
Maple Grove, MN 55369


Agenda
The first part of NRECA’s three-part Director Education Program, the Credentialed Cooperative Director (CCD) program consists of five courses that focus on basic governance knowledge and the essential skills required of cooperative directors. The CCD prepares directors to fulfill their fiduciary duty as elected officials serving on behalf of their membership. Upon completion of all five CCD courses, directors are awarded the Credentialed Cooperative Director Certificate by NRECA. Once the CCD is completed, participants can then pursue the Board Leadership Certificate.

2630.1 - Strategic Planning
Boards have ultimate responsibility for ensuring and evaluating
the long-term health of the organization. They help fulfill
this duty through strategic thinking, identifying goals through
strategic planning and authorizing the appropriate allocation
of resources through the adoption of financial policies,
budget review and approval and monitoring management’s
progress toward strategic goals. This course teaches directors
how to participate effectively in strategic thinking and planning
processes.
KEY TOPICS
• Understanding the difference between strategic thinking
and strategic planning
• Analyzing your cooperative’s strengths, weaknesses,
opportunities and threats
• Recognizing the board’s oversight responsibility
• Using the strategic plan in the annual evaluation of the
cooperative’s accomplishment and as the foundation of
the CEO’s performance appraisal.

2640.1 - Financial Decision Making
This course is designed to help directors assess their cooperative’s
financial position via financial statements used in
financial reporting and planning, as well as key ratios developed
from these financial statements. Participants will also recognize
how board decisions impact their co-op’s financial position.
KEY TOPICS
• Identifying the key financial decisions boards make
• Recognizing the uniqueness of the cooperative business
model and a typical cooperative’s financial attributes
• Recognizing three financial documents and related key
financial ratios
• Explaining how board decisions impact the financial
position and financial statements
• Understanding the difference between reporting a
cooperative’s financial results and understanding a
cooperative’s financial position
• Describing the audit function


Cost
$643 per class - Members
$743 per class - Non Members

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2024 LATE REGISTRATION
All events in 2024 will be subject to a $50 late registration fee for anyone that registers less than 2 weeks prior to the published event dates.

Time

W 8:00a-3:00p Th 8:00a-3:00p

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Contact Information

Minnesota Rural Electric Association | MREA
Name: Karen Miller
Email: karen@mrea.org
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