Little Ocmulgee Electric Membership Corporation

“Individuals and entities requesting service are required to pay a one-time $5 membership fee.”

“The corporation has nine members of its board of directors. The directors serve three year terms with three director terms expiring each year. A board election is held annually in conjuction with the corporation's annual meeting. Director grant rowe died in early 2019, and the corporation has not subsequently replaced him to date. The members are the only ones allowed to vote in the annual election of board members.”

“Certain decisions, such as changes to the corporation's corporate by-laws, must be presented to and approved by the members. Generally, such changes, if any, are presented at the corporation's annual member meeting.”

“The corporation's governing body, its board of directors, appointed a committee of directors and management to review the form 990 prior to its filing.”

“The coporation regularly and consistently monitors and enforces compliance with this policy through an annual board review.”

“The board of directors independently review and approve the general manager's performance and compensation annually. Various factors are reviewed as part of this performance evaluation.”

“Such information is available to the public upon receipt of a reasonable request.”

“G & t and other capital credits (patronage dividends) result from the payment of interest to cooperative financial institutions and the purchase of wholesale power, supplies and services from other cooperative organizations. The expense associated with purchases from and payments to such cooperative organizations are a direct component of the cost of the electric service provided by the corporation to its members.”

“Distributions - operations 622,259. Annual meeting 29,043. Consumer service & informational 18,216. Advertising expense 1,094.”

“The accounting records of the corporation are maintained in accordance with the accounting practices prescribed by the rural utilities service (rus) of the united states department of agriculture. These accounting practices do not record expenses in the general expense categories provided on part ix, lines 1 - 23. The corporation separately reports certain expense classifications, but other expenses that are described in lines 1 - 23 will be reported on line 24 under the expense categories required by rus.”

“Increase in membership fees, net 685. Patronage capital allocated to members 1,240,719. Other comprehensive loss -41,665. Retirement of patrons capital credits and other equity changes -335,015.”

“The board of directors and its designees assume responsibility for oversight of its financial audits and the selection of its independent auditors. The annual audit is performed on a fiscal year basis as of each july 31. This process has not changed since the prior year.”