Cumberland Valley Electric Inc

“Line 6 explanation - must be a member to receive electric service. Each member has 1 vote. May have more than 1 service per membership.”

“Line 7a explanation - nominating committee meets every year there is an election to select a member to run for director. A member not selected by the nominating committee may run for director with a petition signed by 500 or more eligible members.”

“Line 7b explanation - articles of incorporation can only be changed by a 2/3 majority vote of the membership. Bylaws may be altered, amended, or repealed by board of directors at any regular or special meeting with a majority vote of the directors.”

“Line 11b explanation - directors are furnished a draft copy of the form 990 at the board meeting or mailed.”

“Directors and key employees annually complete questionnaire on family and business relationships.”

“15a & b. Independent consultant prepares wage & salary plan, using state and national compensation data. This is reviewed and approved by the board of directors.”

“Copy of articles of incorporation and bylaws are made available to each new member. Financial statements are available on kentucky public service commission website. Financial information published in magazine given to each member on an annual basis. Member meeting is held each year for the members.”

“Comprehensive income-post retirement benefits -15,720. Margins allocated to members 660,451. Memberships issues -2,270. Other equities 7,471.”

“Form 990, part ix, line 4 - benefits paid to or for members represents patronage capital allocated to members in accordance with the bylaws of the cooperative. This reporting results in a difference between book income and income reported on the form 990 by the same amount.”