This registration page may not work well in Internet Explorer. Please use a different browser to complete your registration.

Work Order Procedures

November 13, 2024 9:00 AM - November 14, 2024 12:00 PM (CST)

Description

WORK ORDER PROCEDURE WORKSHOP
November 13-14, 2024 (W 9-4:30  Th 8-12) 
People's Energy Cooperative,
Oronoco, MN 55960

Who should attend:
Co-op employees at all levels
This course is for all employees of rural utilities who have any part of the plant construction process. This course stresses the importance of each participant in the process and asks staff to think about their eventual impact on the cost of Total Utility Plant and the recovery of that plant through the rates of the system’s members. For almost all electric cooperatives and utilities, their biggest investment is the electric infrastructure assets including poles, wire, and transformers needed to deliver electricity. It’s a complex process to take raw materials, labor and overheads and convert them to our organization’s largest asset. This workshop will provide an overall understanding of the Work Order system, how the investment gets paid for, and an exploration of numerous components within the Work Order system.

Description:
· Gain an understanding of 740c codes including new construction, system replacements, and retirement of plant. What is a work order, unit, assembly, and CPR’s (continuing property records). Understand when to capitalize costs or expense jobs. What’s so special about special equipment? What about depreciation? What is the impact of using contract labor versus in house labor?

· Not only is the work order accounting system complex, it’s expensive. How are we going to pay for this infrastructure investment? What about repairs and maintenance? And storms? Or Federal Emergency Management Agency (FEMA) payments from a declared disaster? How about contributions in aid of construction (CIAC)? How do rates recover all these costs?

· When does work order needs to be set up? What do I need to know about a staking sheet? Other topics will include inventory, overhead allocations and factors, closing of work orders, stores expense, standard costs, and internal controls.

Together, we will step through this intricate process to understand the components, as well as understand how it shows up on the monthly billing statement to the consumer!

Key Topics:

  • Understanding work order components
  • Labor
  • Material
  • Overhead
  • The work order chain of events – Who does what and when?
  • Inventory
  • Assembly Units
  • Continuing Property Records
  • Let’s get out to the field
  • Identifying assets versus maintenance work
  • Process for handling each
  • General work order procedures
  • Opening and closing of work orders
  • Retirement
  • Construction
  • Assignment and approval best practices
  • Staking/assembly updates
  • Inventory reconciliation
  • Finished and unfished jobs
  • Charging time and equipment
  • Completing/closing a work order
  • Accounting and depreciation concepts
  • Unitization
  • Converting from assemblies to assets
  • Correlating work order costs to asset categories
  • Debrief process
  • Standard costs
  • The cost of work orders
  • How does the utility pay for system improvements and maintenance?
  • Ratepayer impact – who and how are we paying for this?
  • Impact of financing/borrowing versus collecting through rates

Correlation of the Form 7 to system improvement and maintenance decisions

What To Bring:
Participants are asked to have a calculator and your system’s most recent year end Form 7.
Additional/optional information – bring the total amount collected in CIAC – Contribution in Aid of Construction over all

Cost:
$404 Education Member

$504 Non  Education Member

Location:
People's Energy Cooperative,
Oronoco, MN 55960

EVENT POLICIES

MREA EVENT CANCELLATION POLICY (Click on link)


MREA EVENT CODE OF CONDUCT (LINK TO FULL POLICY)
MREA is committed to providing a safe, productive and welcoming environment for all participants and staff in MREA meetings, conferences, training programs, and events both online and in-person. All Event participants including but not limited to attendees, speakers, exhibitors, staff, students, guests and vendors, are expected to abide by this MREA Event Code of Conduct, and this code applies to all space and situations in which MREA meeting-related activities are being conducted, including virtual meetings and those sponsored by organizations other than MREA but held in conjunction with MREA Events. Participation constitutes agreement to comply with the Code of Conduct as a condition of attendance. 


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 9:00am-4:30pm Th 8:00am-12:00pm

Contact Information

Minnesota Rural Electric Association | MREA
Name: Karen Miller
Phone: (763) 424-7245
Email: karen@mrea.org
We're sorry. No registrations are currently available. You may wish to contact the event organizer for assistance.
{{ vm.EventInfo.ErrorMessage }}

Select Registration Options

Edit
{{vm.regWarningMessage}}
{{vm.regAlertMessage}}

Exhibitor Opportunities

Name Price Att Qty
{{ et.Name }}
{{ et.IncludedAttendeesCount }} {{ et.AttendeeRegType.RemainingPerType }} Remaining {{ et.AttendeeRegType.RemainingPerType * -1 }} on Waiting List {{ et.AttendeeRegType.RemainingPerType * -1 }} Over Limit
{{ et.Remaining }} Remaining
Sold out

Attendee Registration Options Total Remaining: {{ vm.EventInfo.VacantSpotsPerEvent }}

Waiting List Available
{{ vm.stats.totalAttendeesCount }} Registered , {{ vm.OverallOverAmount() }} on Waiting List , {{ vm.OverallOverAmount() }} Over Limit
Name Price Qty
{{ rt.Name }}
{{ rt.IsMemberOnly ? ' (Members Only)' : '' }}
Limit: {{ rt.LimitPerPurchase }}
Included Attendees: {{ rt.AttendeesCountPerOneRegistration }}
{{rt.Price | currency }} {{rt.PriceAfterDiscount | currency }} {{ rt.Price | currency }}
{{ rt.RemainingPerType }} Remaining
{{ rt.RemainingPerType * -1 }} on Waiting List
{{ rt.RemainingPerType * -1 }} Over Limit

{{'[[Sponsorship]] Opportunities' | localizeString:'['}}

Name Price Att Qty
{{ st.Name }}
{{ st.IncludedAttendeesCount }} {{ st.AttendeeRegType.RemainingPerType }} Remaining {{ st.AttendeeRegType.RemainingPerType * -1 }} on Waiting List {{ st.AttendeeRegType.RemainingPerType * -1 }} Over Limit
{{ st.Remaining }} Remaining
Sold out
Continue

Registration Information

Edit

Exhibitor - {{er.Name}}

Exhibitor #{{ $index + 1 }}

Total: {{exhibitor.TotalPrice | currency}} {{ exhibitor.IsBenefit ? "- Included as a Benefit" : exhibitor.IsDiscounted ? "- Discounts have been applied" : ""}}
Exhibitor Directory
Primary Contact
Booth Information
Additional Information
Additional Items

Attendee - {{er.Name}}

{{ att.getAttendeeTerm(vm.EventSettings.AdditionalAttendeesTerm, $index) }} #{{ att.getAttendeeIndexDisplay(vm.EventSettings.AdditionalAttendeesTerm, $index) }}

Total: {{att.TotalPrice | currency}} {{att.DiscountMessage | localizeString:'['}}
A No Show fee is being assessed for {{fee.EventName}} on {{fee.EventStartLocalTimeString}}.

Address


Phone

Additional Information
Event Sessions

{{slot.Name}}

{{$select.selected.SessionName}}
(full)
{{slot.SelectedSession.SessionDescription + (slot.HasFees ? " (Price: " + (slot.PriceTotal | currency) +")" : "")}}

Additional Items

{{'[[Sponsorship+]]' | localizeString:'['}} - {{er.Name}}

{{'[[Sponsor]]' | localizeString:'['}} #{{ $index + 1 }}

Total: {{sponsor.Price | currency}}
Continue

Additional Items

Edit

{{(vm.EventInfo.Terms.Donation || "Fundraising") + " Opportunities"}}

Campaign Name Item Description Amount
{{item.CampaignName}} {{item.Description + (item.ShowMinimumPrice && item.MinimumPrice ? " (Min: " + item.MinimumPrice + ")" : "")}}
Continue

Complete Registration

Edit

Terms & Conditions

No Show Policy

{{ vm.EventInfo.EventSettings.NoShowPolicy }}

Enter Promo Code

This event is synced to a webinar so no confirmation email will be sent from GrowthZone.

Thank you to our {{'[[Sponsor+]]' | localizeString:'['}}