Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 6 | Georgia Transmission Corporation ("GTC") is a tax exempt 501(c)(12) entity whose membership consists of 38 EMC's in the state of Georgia and Oglethorpe Power Corporation, a Not for Profit Electric Membership Corporation. |
| Form 990, Part VI, Section A, Line 7a | The corporation has members who elect members of the governing body as provided for in its bylaws. |
| Form 990, Part VI, Section A, Line 7b | Certain decisions of the governing body are subject to approval by members as provided for in its bylaws |
| Form 990, Part VI, Section B, Line 11b | Form 990 is prepared internally by Georgia Transmission Corporation ("GTC"). The preparer is a licensed CPA in the state of Georgia. Information is accumulated from the GTC financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. A draft of form 990 is reviewed by two additional CPA's, one internal to GTC and one external to GTC. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft form 990 is discussed with the reviewer to ensure all review points are cleared. A draft copy of the Form 990 is also submitted to and discussed with the Board. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will be e-filed. |
| Form 990, Part VI, Section B, Line 12c | Georgia Transmission Corporation ("GTC") maintains a corporate policy that provides guidelines and standards for the employees and directors of GTC to avoid conflicts of interest or any appearance of conflicts of interest, so that the affairs of GTC may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, GTC Internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members, which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interests exists and what actions need to be taken, Results of the audit are reported to the Audit committee of the Board. |
| Form 990, Part VI, Section B, Line 15 | Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. |
| Form 990, Part VI, Section C, Line 19 | Currently, Georgia Transmission Corporation publishes its financial statements in pdf format on its website, www.gatrans.com Any governing documents and conflict of interest policy are available on the intercompany document retrieval system, but are available upon request by the general public. |
| Form 990, Part XI, Line 9 | Membership fee refund due to Member acquisition |
| Software ID: | 13000241 |
| Software Version: | v1.00 |