Board Meeting Summary December 16, 2020

December 16, 2020
Board Meeting Summary

Board Action

Voting Delegates: Joe Van Meter was appointed as the voting delegate at the annual meetings of the National Rural Electric Cooperative Association and National Rural Telecommunications Cooperative. Jeff Anderson was appointed voting delegate for the National Rural Utilities Cooperative Finance Corporation annual meeting.

Capital Retains: The Board voted to forfeit unclaimed capital credits totaling nearly $292,000 to the co-op. The credits became payable in 2016, and despite notice of availability were unclaimed.

Virtual Board Meeting Attendance: The Board voted to approve including a new Bylaw 5.7 on the 2021 ballot that will be voted on by the membership. The Bylaw specifies that Directors can attend meetings by teleconference or other electronic means.

Manager’s Report

General Manager Tony Schacher reported that the SE Round Up Program, which provides members with assistance on their electric bill, has been very successful and donations have tripled since September.