Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | AT THE APRIL 26,2011 ANNUAL MEETING OF THE MEMBERS, THE FOLLOWING BYLAW CHANGES WERE PASSED PROPOSITION 1 - CHANGES BOARD MEMBER QUALIFICATIONS PROPOSITION 2 - CHANGES NOMINATING COMMITTEE REQUIREMENTS PROPOSITION 3 - CHANGES CAMPAIGN DISCLOSURE REQUIREMENTS PROPOSITION 4 - CHANGES DATES FOR CAMPAIGN DISCLOSURES PROPOSITION 5 - CHANGES BOARD MEETING NOTICE REQUIREMENTS AND METHODS PROPOSITION 6 - CHANGES DOCUMENTATION OF MEETING REQUIREMENTS PROPOSITION 7 - ALLOWS A UTILITY BILL ROUND UP PROGRAM FOR CHARITABLE PURPOSES PROPOSITION 8 - CLARIFIES WHEN BYLAWS COMMITTEE RECOMMENDATIONS ARE SUBMITTED TO THE BOARD | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, WHOSE AUTHORIZATION IS REQUIRED FOR THE ASSOCIATION TO SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF THE ASSOCIATION'S PROPERTY, OR AUTHORIZE THE MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH ANOTHER COOPERATIVE OR ENTITY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DRAFT FORM 990 WAS REVIEWED BY THE ASSOCIATION'S TAX ADVISOR, AND THEN REVIEWED WITH THE BOARD FINANCE COMMITTEE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ASSOCIATION BYLAWS AND MANAGEMENT POLICIES PROVIDE GUIDELINES FOR AVOIDING AND DISCLOSING POTENTIAL CONFLICTS OF INTEREST. THE AGENDA FOR EACH REGULAR MONTHLY MEETING OF THE BOARD OF DIRECTORS INCLUDES AN AGENDA ITEM FOR DIRECTOR DISCLOSURES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE CURRENT GENERAL MANAGER WAS BASED ON THE COMPENSATION OF THE ASSOCIATION'S PREVIOUS GENERAL MANAGER AND THE COMPENSATION OF THE CURRENT GENERAL MANAGER OF A NEIGHBORING ELECTRIC COOPERATIVE AND IS INCORPORATED INTO A WRITTEN CONTRACT APPROVED BY THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN IN 2009. FORM 990, PART VI, SECTION B, LINE 15B: BOARD OFFICERS, LIKE OTHER BOARD MEMBERS, DO NOT RECEIVE A SALARY, BUT ARE PAID A FIXED FEE FOR EACH DAY OF ATTENDANCE AT A MEETING OF THE BOARD. THE FEE IS DETERMINED ANNUALLY BASED ON THE AVERAGE FIXED FEE PAID TO BOARD MEMBERS OF OTHER NON-PROFIT ELECTRIC COOPERATIVES IN ALASKA SERVING MORE THAN 20,000 MEMBERS. THE PROCESS FOR DETERMINING THE COMPENSATION FOR A KEY EMPLOYEE OTHER THAN THE GENERAL MANAGER WAS BASED ON PERFORMANCE EVALUATIONS BY THE GENERAL MANAGER AND BOARD OF DIRECTORS AND ADJUSTMENTS ARE MADE IN ACCORDANCE WITH BOARD POLICY 302-1, NONUNION COMPENSATION PLAN, WHICH IS REVIEWED ANNUALLY BY THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN IN 2010. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION BYLAWS PROVIDE FOR THE MEMBERS ABILITY TO EXAMINE AND MAKE COPIES OF THE BOOKS AND RECORDS OF THE ASSOCIATION AT A REASONABLE TIME AND FOR A PROPER PURPOSE IN ACCORDANCE WITH ALASKA STATUTES. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | G&T CAPITAL CREDITS 423,174. INCREASE IN MEMBERSHIPS 4,675. INCREASE IN OTHER MARGINS & EQUITIES 24,711. PATRONAGE CAPITAL RETIRED -915,625. TOTAL TO FORM 990, PART XI, LINE 5: -463,065. |
| FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR. THE BOARD AUDIT COMMITTEE OVERSEES THE AUDIT. |
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