Upcoming Events

Upcoming Events:

The Hidden Opportunities in Wine Costing (click link for more info)

Do you think accounting for winery and vineyard costs is a boring task reserved for your bookkeeper? Think again! You may be missing the opportunity to optimize your winery operation. Wine costing can be a powerful and important management tool to add value to your company in a financing or a buy/sale transaction. Come join us for a two-hour wine-costing workshop. We will be discussing some key issues related to wine costing, such as:

  • The best way to maintain and track wine production costs to generate value for management
  • How to utilize wine costing analysis to improve and grow your business
  • What your bankers and potential buyers are not telling you when they review your wine costing analysis

During this two-hour presentation on July 26, 2017, we will provide you with valuable information on cost aggregation and allocation, as well as helpful benchmarking tools and industry developments. This is also a great opportunity to socialize with other industry professionals.

The discussion will be led by Jennifer Scherrman, CPA, Senior Manager specializing in wine industry accounting and reporting, joined by Dave Dillwood, CPA, Partner in charge of DBM’s wine industry practice.

Please use the above link to register or call (707)577-8806 for additional information.

Prior Events:

Finance Committee Workshop (click link for more info)

Members of the Finance Committee of a nonprofit are often charged with the responsibility of making financial decisions that affect the entire organization. The Executive Committee and other Board Members usually turn to the Finance Committee when they have questions such as, “Do we have enough money to build a new facility? Do we have the funds for new programs? How much can we spend?” Are you prepared to answer those questions? Do you have your own questions that you wish you could ask an expert in the field?  If you do, please consider joining us at our Finance Committee Workshop in the morning of Wednesday, June 3, 2015.

During the two-hour workshop on June 3, you will hear from two industry experts, Christina Hollingsworth, CPA, Partner with Dillwood Burkel & Millar, and Steve Schilling, CFA, Director of Philanthropy with Bernstein Private Wealth Management. You will also have the opportunity to ask questions of your own during the Q&A session at the end.

Christina will review the “do’s and don’ts” for Finance Committee Members and will share with you the areas that you need to spend some time addressing during every monthly committee meeting.  She will discuss the key financial ratios and internal controls that should concern every Board Member, as well as the best way for Finance Committee to help the nonprofit management team.

Steve’s presentation will be focusing on establishing an asset allocation and spending policy that is in sync with a nonprofit’s mission and donor expectations. He will discuss how to update historical policies to deliver the desired outcome based on current capital market conditions.  Steve will also address nonprofits with short-term pools of capital, such as operating reserves, and explore the alternatives to the common practice of keeping these funds in low-risk portfolios earning de minimis returns.

This workshop is designed specifically for members of the Finance Committee, Executive Committee, and Senior Management team of nonprofit organizations. It is never too early or too late to start looking at the numbers when it comes to leading a nonprofit organization. We hope you can join us for a thoughtful discussion about best managing a nonprofit’s financial resources and maximizing the potential of the organization.

Space is limited. Please call (707)577-8806 to register today!