Chippewa Valley Electric Cooperative

“Dennis st. Aubin, deone goettl, john petska, family relationship.”

“The cooperative is organized without capital stock and there is only one class of member with respect to voting rights.”

“Members of the cooperative elect members of the board of directors at the annual meeting.”

“Each member is entitled to one vote upon each matter submitted to a vote at the meeting of the members.”

“The president and office manager of the cooperative review a draft copy of form 990 with the board of directors before it is filed.”

“Each director updates a conflict of interest policy annually and signs. Employees have filled out a conflict of interest policy but they are not required to sign it annually. It is the responsibility of each employee/director to come forward with any potential conflicts whenever they occur. The whistleblower policy supports the enforcement of the conflict of interest policy by encouraging all employees/directors to report conflicts of interest and other questionable behavior.”

“The board of directors uses comparibility studies provided by nreca to determine the compensation of the cooperatives top management official and other officers.”

“Documentation is available upon written request.”

“Retirement of patronage capital -481,512. Gain on early retirement of capital credits to estates 34,624. 2013 margins allocated 1,172,640.”

“No changes have been made since prior year.”

“The cooperative has interpreted patronage dividends paid to be the amount of current year margins that will be allocated to its members and therefore has presented this amount. The cooperative has allocated all operating margins for the year to its members.”