Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Pt VI, Line 6 | Any person or other legal entity who is able to enter into a legally binding contract will become a member of REC upon receipt of electric service from REC. |
| Pt VI, Line 7a | In any election for Board Director, each member shall have the right to vote for the duly nominated candidate of their choice in person at the annual meeting or upon a proxy form. |
| Pt VI, Line 7b | An action by the Board of Directors such as amending the Bylaws has to be adopted by an affirmative vote of not less than two-thirds of the members present in person or by proxy at any annual or special meeting of the members. |
| Pt VI, Line 11b | Approximately one month before the Form 990 is submitted to the IRS, the Board of Directors receives a copy of the form. REC's management reviews the Form 990 with the Board and answers any questions brought to their attention. |
| Pt VI, Line 12c | REC's conflict of interest questionaire is given out in February for the most current previous year and is filled out, signed and returned within two months. |
| Pt VI, Line 15a | REC's C.E.O. is reviewed by the Board of Directors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. |
| Pt VI, Line 15b | REC's other officers and key employees are reviewed by direct supervisors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. |
| Pt VI, Line 18 | The Forms 990 and 990-T are available upon request. There is time and payment required for copying the forms. |
| Pt VI, Line 19 | REC's bylaws and audited financial statements are available upon request. These documents are readily available when requested and usually do not require time for copying or expense reimbursement. |
| Pt XI | Decrease in Memberships (3,765) ; Retirement of Patronage Capital (2,866,833) ; Contributions in Aid of Construction (4,436,279) ; Postretirement Benefit Plan Gain 25,754 ; Difference in Cash Pat. Capital vs. Total Pat. Capital 4,401,181 ; Allocation of prior year's margins to members' Pat. Capital accounts 14,918,181 all totals to 12,038,239 |
| Pt XII, Line 2c | No change was made to this procedure from the prior year. |
| Pt X | Line 10a cell could not accommodate grand total, so Land was moved to Line 15, Other Assets. |
| Pt XII, Line 3b | There were no federal awards in 2015. |
| Software ID: | 15000272 |
| Software Version: |