Berkeley Electric Cooperative Inc

“Common membership is required upon request of electrical service. One membership equals one vote.”

“Board elected at annual meeting at which all members have one vote”

“Bylaws adjustments require vote of the membership at the annual meeting. Each membership has one vote”

“Management and governing body review”

“Management and board sign conflict of interest reports annually”

“Form 990 part vi section b line 15 - outside consultants are used to evaluate job responsibilities in comparison with other cooperatives and whether level of compensation is in line with similar size duties for individual and cooperative. The most recent evaluation / review was conducted in spring of 2018”

“Form 990 part vi section b line 15 - outside consultants are used to evaluate job responsibilities in comparison with other cooperatives and whether level of compensation is in line with similar size duties for individual and cooperative. The most recent evaluation / review was conducted in spring of 2018”

“Form 990 part vi section c line 19 - the form 990 is available at all district offices, sent upon request and posted on public website. Annual reports are distributed at the annual meeting and bylaws are provided to new applicants upon request for service form 990 and audited financials are available upon request at corporate headquarters”

“Assignments and adjustments to patronage capital accounts - refer to part xiii and part xii line 4”

“Form 990 part ix line 25 - the corporations records are maintained in accordance with the uniform system of accounts prescribed by the federal energy regulation commission (18cfr, part 101). Those practices utilize allocation of certain expenses based on labor charges or other allocation bases. As a result, it would require significant effort to break out expenses in the functional categories provided for on the statement of functionaal expenses. Management has opted to classify its expenses on the statement of functional expenses in the same manner it reports its financial results to lenders and members.”