Atchison-Holt Electric Cooperative

“As a cooperative, we are owned by the members we serve.”

“Members vote to elect the board of directors.”

“The cooperative may not sell, lease or otherwise dispose of, except by mortgage, all or any substantial portion of its property unless such sale lease or other disposition is authorized at a duly held meeting of the members thereof by the affirmative votes of not less than two-thirds of all members of the cooperative. The bylaws may be altered, amended , or repealed by the members at any regular or special meeting, provided, the notice of such meeting shall have contained a copy of the proposed alteration, amendment, or repeal.”

“Cfo and general manager reviews the form for reasonableness before the return is filed. Any questions are addressed before the return is filed. Return is available for board to review and are provided a copy if they requested one to review.”

“The board reviews and approves the policy on an annual basis and completes the disclosures on an annual basis as well.”

“The board of directors annually reviews the performance of the general manager/ceo and compensation is adjusted accordingly.”

“The general manager establishes the compensation level for all other employees. The cooperative's pay grades and compensation are competitive. Pay grades are reviewed annually by upper managment and may be adjusted by a competitive factor as determined by the results of competitive market surveys.”

“The cooperative's governing documents are the bylaws. The bylaws are given to all new members. The bylaws are also made available on our website and upon request. The conflict of interest is available upon request. Financial statements are presented annually at the member's annual meeting. The financial statements are also published annually in our member publication.”

“Atchison-holt electric cooperative is dedicated to providing our members with a reliable, competitively priced, high quality supply of electric energy, while adhering to cooperative principles and striving to improve the quality of life for all members through a highly trained, efficient staff.”

“Form 990, part ix, line 4 the instructions to the 2022 form 990 indicate that organizations exempt under section 501 (c)(12) should report "patronage dividends paid" to their members in part ix, line 4 of the form 990. The cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The cooperative assigns the net margins to its members each year. Therefore, the amount listed in part ix, line 4 represents the net margins assignable to the members for the calendar year ended december 31, 2022.”

“Cy margins assignable to members 1,531,351 other changes 63,673 retirement of capital credits -382,706 deferred revenue -900,000 total 312,318”