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Board Member - Question Guide for Financial Statements and Budgets
As an electric co-op or utility Board Member, your responsibilities include approving financial statements and customer rates.
The presentations made by management and auditors are technical in nature. The notes to the financial statements can be "accounting-centric" and financial statement balances and the impact on long-term strategies and customer rates are not always clear.
This guide includes questions to ask on the financials to cut through the clutter. Our goal is to help you have the information you need to make informed decisions based on the financial statements and budgets, and their impact on customer rates and strategy implementation.
Know the questions to ask on financial statements and budgets