Southeastern Electric Cooperative Inc

“MEMBERS”

“Yes, per the southeastern electric cooperative, inc. By-law articles iii and iv.”

“Yes, per the southeastern electric cooperative, inc. By-laws”

“No review was or will be conducted.”

“Done on an annual basis by the cooperative's lawyer.”

“The board of directors reviews and approves compensation for the general manager, officers, and/or key employees.”

“The board of directors reviews and approves compensation for the general manager, officers, and/or key employees.”

“UPON REQUEST”

“Form 990, part ix the cooperative's accounting records are maintained in accordance with the uniform system of accounts required by its regulatory agency. The uniform system of accounts does not record expenses in the expenses categories provided on part ix lines 1-23. Therefore, other expenses line 24 includes expenses that are described in lines 1-23, but reported using the uniform system of accounts.”

“Form 990, part ix: for the audited financial statements, the amount of patronage dividends paid or allocated to the members is reported as an increase in equity and not as an expense. Therefore, net income per the audited financial statements is reported gross of the amount of patronage dividends that are either allocated or to be allocated at the time the audited financial statements are prepared. However, because the allocation of patronage dividends is one aspect of how the cooperative fulfills its tax exempt purpose of operating on a cooperative basis, the amount of patronage dividends either allocated or to be alloced to the members is reported on form 990, part ix, line 4 as "benefits paid to members." patronage dividends are allocated on a patronage basis and done so pursuant to a pre-existing obligation as provided for in the "non-profit operation" article of the cooperative's bylaws.”

“Increase in memberships 1,885 increase in other equities 123,728 patronage dividend allocation 3,931,803 retirement of patronage capital -729,218 transfers 0 total 3,328,198”