Surry-Yadkin Electric Membership

“The cooperative has members as provided for in its bylaws which are included as a part of this return.”

“The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.”

“Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are included as a part of this return.”

“Form 99o is reviewed by the board with all supporting documentation made available to them.”

“The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.”

“Salaries are reviewed by the board of directors and files are maintained for the review process by which merit raises are granted.”

“Salaries are reviewed by the board of directors and files are maintained for the review process by which merit raises are granted.”

“A copy of the bylaws are provided to new members. A financial statement is provided to the members as a part of the organization's annual report. Governing documents, conflict of interest policy, form 990 and financial statements are available upon request at the organizations's headquarters.”

“Syemc bylaws: section 5.11 - director compensation. The board shall determine the manner and method of any reasonable director reimbursement and compensation. Such compensation may include paying directors a monthly stipend and/or a fixed per diem fee, plus documented business expenses, as determined in the board's reasonable discretion, for attending or attending to: 1.the ongoing needs of the cooperative, duties of the position, and communications with members; 2.board meeting; 3.function involving the cooperative; or 4.meeting of state, national or other cooperative or industry organization, or 5.function reasonably enhancing the director's ability to serve as a director.”

“Accum other comprehensive income 2,798,759 donated capital 4,350 benefits paid to members 4,597,045 capital retirement gains 757,909 capital credit retirement -2,694,965 total 5,463,098”