Cam Wal Electric Cooperative Inc

“All consumers who have signed a membership form and are using electricity provided by the organization are members of the cooperative until power is disconnected.”

“All classes of consumers that have a permanent residence in the cam wal territory are eligible to vote in the election of the governing body.”

“All bylaw changes of the cooperative must be voted on by members at the annual meeting.”

“The cooperative board has no committees with broad authority to act on behalf of the board.”

“The form 990 will be reviewed at the monthly board meeting prior to its filing.”

“The conflict of interest policy applies to the board of directors and the manager. The board determines whether a conflict exists and reviews said conflicts. If the board determines that a conflict exists, the person involved would potentially be removed from the board and/or their services may be terminated, depending on the nature of the conflict.”

“The governing body compares data with compensation surveys on similar positions in south dakota. The process for determining compensation is undertaken annually.”

“The organization makes these documents available upon request.”

“Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan for employees required to be reported on part vii. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator.”

“Allocation of 2024 margins to members in 2025 457,385. Gain/loss on retirement of capital credits 48,226. Other margins & equities 56,458. Retirement of capital credits -324,998. Transfers -92,650.”

“The organizations financial statements are audited by an independent accountant on the organizations fiscal year ending march 31. The most recent audit was completed for the fiscal year ended march 31, 2024.”

“Allocated and other expense: the labor, pension and payroll taxes reported on lines 5-10 are included in distribution expense, administrative & general expense and customer expense. Therefore, labor, pension and payroll taxes are shown as a reduction to other expenses on line 24e.”

“The cooperative has interpreted the instructions to part ix, line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the by-laws of the cooperative.”