Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION OPERATES ON THE COOPERATIVE BASIS HAVING MEMBERS WITH EQUAL VOTING RIGHTS AND ARE ASSIGNED MARGINS IN ACCORDANCE WITH THE ORGANIZATION'S BY-LAWS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION MAY ELECT THE MEMBERS OF ITS GOVERNING BODY AT THE ANNUAL MEETING PROVIDED THAT A QUORUM IS PRESENT. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERSHIP MUST APPROVE DECISIONS THAT INVOLVE SUBSTANTIAL TRANSFERS OF COOPERATIVE ASSETS, AMENDMENTS TO THE COOPERATIVE'S BY-LAWS, AS WELL AS OTHER DECISIONS REQUIRING APPROVAL OF THE MEMBERSHIP BY LAW, THE ARTICLES OF INCORPORATION, AND/OR THE COOPERATIVE'S BY-LAWS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS REVIEWED BY THE ACCOUNTING STAFF AT CLARKE WASHINGTON ELECTRIC MEMBERSHIP CORPORATION BEFORE IT WAS PRESENTED TO THE BOARD OF TRUSTEES. A MEMBER OF THE ACCOUNTING STAFF ATTENDED THE OCTOBER 2011 BOARD MEETING, PROVIDED THE TRUSTEES WITH A COPY OF THE FORM 990, AND CONDUCTED A FORMAL REVIEW OF THE FORM 990 WITH THE TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE REVIEWS COMPARABLE SALARY DATA FROM AREA AND/OR NRECA COMPENSATION STUDIES. THE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATIONS TO THE BOARD OF TRUSTEES FOR APPROVAL WHICH IS REFLECTED IN THE MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT IT MAIN OFFICE IN JACKSON, ALABAMA. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | DECREASE IN MEMBERSHIPS -50. RETIREMENT OF CAPITAL CREDITS -267,674. GAIN ON RETIREMENT OF CAPITAL CREDITS 8,193. UTILITY TAX ADJUSTMENT -330,212. AMORTIZATION OF UNRECOGNIZED COMPONENTS OF NET PERIODIC BENEFIT COST 438,853. TOTAL TO FORM 990, PART XI, LINE 5: -150,890. |
| FORM 990, PART XII, LINE 2 | CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION'S FINANCIAL STATEMENT YEAR END DIFFERS FROM ITS TAX YEAR END. IT RECEIVES AUDITED FINANCIAL STATEMENTS ON AN ANNUAL BASIS FOR THE YEAR ENDING MARCH 31ST. |
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