Deep East Texas Electric Cooperative Inc

“Members consist of consumers purchasing power from deep east texas electric cooperative.”

“Members govern actions through election of board members.”

“Prior to filing form 990, a copy of the form 990 is provided to each director and is also reviewed at a meeting of the board of directors.”

“The cooperative closely monitors the payment of invoices to ensure that no payments are made to interested parties that are not within guidelines of policy. When selecting vendors and contractors to provide services or supplies, the cooperative makes a concerted effort to obtain information about the vendor that would give rise to any conflict of interest. The cooperative also requires board members to annually disclose any conflicts, and new board members to disclose conflicts at the beginning of their term.”

“The cooperative retains the services of private consultants to periodically review the wage ranges for all positions. The consultant provides data from jobs of like kind and in similar areas and compares to current rates being paid. The process is reviewed and ranges are set in place. The general manager reviews the positions of director of administration and director of engineering and director of operations. A new compensation review of all jobs is completed approximately every 5 years.”

“The cooperative retains the services of private consultants to periodically review the wage ranges for all positions. The consultant provides data from jobs of like kind and in similar areas and compares to current rates being paid. The process is reviewed and ranges are set in place. The general manager reviews the positions of director of administration, director of engineering, and director of operations. A new compensation review of all jobs is completed approximately every 5 years.”

“Each new member is provided a copy of the cooperative's by-laws upon application for service. The by-laws are also available on cooperative's website. Copies of the cooperative's conflict of interest policy are provided to new employees upon hiring. These are available to members by request. Annual financial statements are published in the texas co-op power magazine.”

“Margins earned & allocated to members 1,976,266 decrease in memberships issued -9,795 patronage capital retirements -1,559,356 recognized provision fas 158 -85,661 total 321,454”