Board Summaries

Guest speaker Isaac McDonald gave a presentation on his experience representing Salem Electric as our 2022 National Rural Electric Cooperative Youth Tour delegate.

Due to inflation and material cost escalations, Salem Electric will be recommending that facilities projects and updates be implemented in phases.

The Board approved Salem Electric's Wildfire Mitigation Plan and welcomed new board member Tim Klarr.

The auditor’s report showed that the Board could confidently rely on the financial statements as presented.

The National Rural Electric Cooperative Association set up a portal for electric cooperatives to track infrastructure projects that could potentially benefit cooperatives.

Adjustments to the 2022 budget were approved as presented.

Staff presented the 2021 year-end report.

The Board voted to forfeit unclaimed capital credits totaling $295,000 to the co-op. 

The Board approved the proposed 2022 budget as presented.

Staff presented the proposed 2022 budget which will be voted on by the Board in November. 

The Board of Directors approved a facilities plan to proceed with acquiring borrowing authority in the form of a project-financing loan for the renovation of the existing 40-year-old Salem Electric office and warehouse, and construction of additional warehouse space near our Alumina Substation. 

The 2020 audit report was accepted as presented. Salem Electric received a clean, unmodified opinion with no adjustments. 

The moratorium on disconnections for non-payment ends March 29, 2021.