St Croix Electric Cooperative

“See attached document for amendments to the bylaws approved at the annual meeting in april.”

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

“The members from within each district of the cooperative shall elect a director to serve for a three year term commencing at the date of the annual meeting of the members.”

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

“The president/ceo and the finance and administration manager review the form 990 before it is filed. The board of directors also reviews the form 990, but generally not before it is filed.”

“A copy of the conflict of interest policy was given to each current employee and director as well as each new employee and director. The conflict of interest policy is a self-policing policy in which 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 questionable behavior.”

“The board of directors does a comparison and analysis with other similar positions in determining the compensation for the president/ceo. An independent company supplies wage and salary information every two years. The managers grade employees and bring suggested compensation to the board of directors for final approval.”

“An independent company supplies wage and salary information every two years. The board of directors does a comparison and analysis of the information provided.”

“The cooperative makes documentation available to the public upon request. Copies are available at the office in hammond, wi.”

“Capital credits allocated 1,858,567 memberships issued 530 revenue of taxable subsidiary 355,008 revenue of taxable llc subsidiary -25,063 retired capital credits -936,187 expenses of taxable subsidiary -329,911 expenses of taxable llc subsidiary -5,029 total 917,915”