Wheat Belt’s current three year strategic plan began back in January of 2022 and will finish up late this year. As a reminder we have four initiatives in the current strategic plan: culture, operational efficiency, safety and customer experience.
This update is covering the operational efficiency initiative. To begin, here are a few statistics: currently we are at 26 employees down from 28 five years ago and 2023’s final audit shows administration costs are $230,000 less than the prior 5 year average. This is possible through many efficiency projects we have worked on or are working on as a part of the strategic plan. These projects include spending resources to gain accuracy of electrical plant records, becoming more concise with financial reporting, implementing a bottoms up budgeting process, automating labor intensive processes, spending time and effort finishing up a regulatory project around oil contamination, cross-training employees, modernizing work order documentation and simplifying project estimating processes.
I am proud of the employees and their continued efforts helping to live out our mission every day: delivering electricity safely, reliably and efficiently. To all of our employees -- keep up the great work!