Whitewater Valley Rural Electric

“Members of the remc consist of those whom receive electricity from the remc. They are considered owners of the remc and are entitled to a portion of the income.”

“The governing body is selected by members of the remc. The governing board serves a set term and then their position is up for election. The remc territory is divided into three districts and there are three board members that represent each of the three districts. Any member is free to run for the board of directors if their section has an open seat.”

“Board decisions are monitored by the remc members. They can request a board member to be removed.”

“Copies of the 990 and 990-t are reviewed by the board before they are filed.”

“The board and officers of the remc regularly review the conflict of interest policy and keep track of employee and board members activities to make sure that there is compliance with the conflict of interest policy. Everyone is aware of the policy and communication lines are open so that people feel free to report if they have a new conflict of interest.”

“The general manager's raise is based on a board decision. Other key employees' raises are determined by examining the budget and then determining a raise percentage. The department heads recommend the raise amount, but it is subject to change by the general manager. The general manager determines the salaries for the top management based on guidelines set by the board in the budgeting process.”

“The tax returns are available upon request at the remc's office.”

“The governing documents, conflict of interest policy, and financial statements are available upon request to the public. The annual financial statements are published in the remc's march newsletter.”

“Capital credit retirements -779,221. Change in memberships -4,411.”