Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. ALL MEMBERS HAVE THE SAME RIGHTS TO ELECT INDIVIDUALS TO THE BOARD OF DIRECTORS. MEMBERS RECEIVE PATRONAGE CAPITAL ALLOCATIONS BASED ON THEIR ELECTRIC REVENUE CONTRIBUTED. | |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING AND ABSENTEE BALLOTS ARE COUNTED BEFOREHAND. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE COOPERATIVE MUST APPROVE ALL BYLAW CHANGES AT ANNUAL MEETING. | |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A PRELIMINARY COPY WAS PRESENTED TO THE BOARD OF DIRECTORS AS WELL AS THE MANAGER OF ACCOUNTING AND FINANCE. THE RETURN WAS REVIEWED DURING MONTHLY BOARD MEETING, CHANGES WERE COMMUNICATED TO TAX PREPARER. ONCE FINAL CHANGES HAD BEEN MADE, BOARD AND MANAGEMENT AUTHORIZED FOR SUBMISSION. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD MEMBERS COMPLETE A QUESTIONNAIRE ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION HAS A WAGE & SALARY PLAN IN PLACE WITH EACH JOB POSITION ASSIGNED TO A CLASSIFICATION LEVEL. THIS PLAN IS REVIEWED ANNUALLY BY THE CEO AND MANAGER OF ADMINISTRATION AND PRESENTED TO THE BOARD FOR APPROVAL OF WAGE ADJUSTMENTS. THE REVIEW INCLUDES COMPARING CREC'S PLAN TO A NATIONAL COMPENSATION SURVEY PROVIDED BY NRECA, PLANS OF COOPERATIVES OF SIMILAR SIZE AND DEMOGRAPHICS, AND PLANS OF BUSINESSES IN METROPOLITAN AREAS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | RETIREMENTS OF PATRON'S CAPITAL CREDITS -3,660,039. UNCLAIMED CAPITAL CREDITS/ESTATE SETTLEMENTS 308,907. UNREALIZED LOSS ON AVAILABLE FOR SALE INVESTMENTS -590. POST RETIREMENT BENEFIT LIABILITY ADJUSTMENT -145,100. TOTAL TO FORM 990, PART XI, LINE 5: -3,496,822. |
| PART XII, 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NOT CHANGED THEIR OVERSIGHT PROCESS FROM PRIOR YEARS. | ||
| TRANSFER OF PROPERTY | SCH R PART V P2 | RECEIVED LAND AND BUILDING AT FAIR MARKET VALUE IN SATISFACTION OF NOTE AND INTEREST RECEIVABLE AND FINAL DIVIDEND DISTRIBUTION UPON DEACTIVATION OF COMPANY. |
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