Union Electric Membership Corporation DBA Union Power Cooperative

“Union electric membership corporation is an electric membership corporation that delivers electricity to the members of the cooperative. The members elect the board of directors, which is the governing body of the cooperative.”

“All members of the union electric membership corporation receive one vote with respect to selecting the cooperative's board of directors.”

“Certain decisions of the governing body are subject to approval by the members as provided for in its bylaws.”

“The executive vice president and general manager inform the board that the 990 has been completed and that there are copies available if they would like to review the form. A copy of the 990 is also available on the cooperative's website.”

“All directors, or trustees, and officers are required to complete a questionnaire on an annual basis which compels disclosure. All officers, key employees, and all other employees are notified on an annual basis, by reference to the policy, with the intent to compel disclosure.”

“The executive committee of the governing body hires an independent compensation consultant to conduct a compensation study, conducts a performance review, and recommends compensation to the entire governing body which approves the compensation for the executive vp and gm.”

“The executive vp and gm ensures the wage and salary plan, as approved by the board of directors, is carried out within the terms of the plan, within budget constraints, and based on the results of the individual's performance.”

“Governing documents and policies are available upon request. Financial data is presented to the members prior to the annual meeting and also included in the 990 which is also available upon request. The 990 is also available on the cooperative's website.”

“990 part vii section a column f: the cooperative participates in the nreca group defined pension plan. As part of this plan, participants are required to recognize the actuarial increase in the value of their account on the form 990. The change in actuarial value for each participant; however, varies with age. In other words, the older a participant is, the greater the increase in that individual's change in actuarial value, with all other things being equal. The following actuarial increases have been included in column f: gregory andress 350,911 david gross 121,955 theresa blackwell 120,717 carrie stroud 89,420 wayne hathcock 85,615 jeremy black 64,349 these actuarial increases do not represent actual cash received, but rather an unrealized actuarial increase in retirement accounts that is required to be reported on the form 990.”

“Form 990, part ix, line 4 benefits paid to or for members: patronage dividends are paid to members' accounts in accordance with the pre-existing obligation in union electric membership corporation's by laws. The corporation is obligated to pay by credits to a capital account for each patron all such amounts in excess of operating costs and expenses. Irs instructions for line 4 changed in 2011 to include patronage dividends paid by section 501(c)(12) organizations to their members. Accordingly, these amounts are now reported on line 4. 990 part ix line 17 travel: per irs instructions the total travel costs reported on this line represent all transportation costs of the corporation, including the expense of purchasing, leasing, operating, and repairing all vehicles owned by the corporation. This includes all the line and service trucks used in the daily operations of the corporation.”

“Noncash patronage allocations not rev per irs 3,582,987 patronage div paid to members' accts not expense 13,290,373 other comprehensive income 190,272 ciac not revenue per gaap -1,754,396 retirement of capital credits -4,512,850 total 10,796,386”