Jo-Carroll Energy Inc (Nfp)

“Jo-carroll energy inc (nfp) distributes electric, natural gas and broadband services to members divided into ten districts.”

“Member control of jo-carroll energy, inc (nfp) is vested in its board of directors, consisting of one representative from each of nine districts and three representatives from the newly acquired tenth district. Each director is elected by the members of their district to a three year term.”

“Pursuant of jo-carroll energy, inc (nfp) by-laws, the board of directors is charged with directing the management of the cooperative. Member approval is required for amendments or changes to the by-laws with voting during the annual membership meeting.”

“The board of directors will each receive a copy of the draft return. It will be reviewed and approved at the september monthly meeting prior to filing.”

“During the april board meeting each year, each director completes a conflict of interest statement as required by board policy #103. Newly elected directors are required to complete the statement upon election to the board of directors. A similar administrative policy #203, requires all employees to also complete a conflict of interest statement annually. This report is completed during the january or february employee meeting. Each director's statement is reviewed by jo-carroll energy's general counsel. Each employee statement is reviewed by the manager of human resources.”

“The full board of directors annually review the compensation of the president and ceo using national and state salary information and the performance of the president and ceo during the past year. The full board of directors determines the increase in compensation beginning june 1st of the current year. Additionally, the cooperative seeks the recommendations of an independent consultant to assist in this process.”

“Jo-carroll energy, inc (nfp) makes its governing documents and conflict of interest policy available to the public upon request. All active members receive a condensed operating statement and balance sheet in the annual report mailed prior to the annual membership meeting each year.”

“In 2014, jo-carroll energy, inc. (nfp) changed auditors from clifton larson allen to bkd. Committee of the board of directors has responsibility for oversight of the audit and selection of the independent auditor, subject to final approval by the full board.”

“Other changes in net assets or funds balances consist of: ($1,489,662) cumulative changes to misc equity accounts in 2014 $2,262,897 patronage capital allocated for 2014, reported in part ix, line 4”