Trinity Valley Electric Cooperative Inc

“Not-for-profit corporation owned by its members. The member owner's elect the cooperative governing body and upon the recommendation of the governing body receive distributions of margins or assets from tvec in the form of capital credit retirements. Part vi section b line 11b tvec's form 990 is provided to each officer and director prior to regularly scheduled board meeting preceding the filing. The chief financial officer leads a review of the form and accompanying schedules during the course of the board meeting and responds to questions from the board members arising from their independent review. Part vi section b line 12c tvec's conflict of interest policy is designed to help directors officers and employees identify and avoid situations that present potential conflicts of interest and to provide guidance in managing any conflicts which might arise in accordance with legal requirements and the goals of accountability and transparency. Each director and employee must disclose any situation which in their opinion may violate or appear to violate any provisions of the policy. The board of directors is responsible for reviewing all policy interpretations and violations. Part iv section b line 15a & 15b tvec utilizes an independent compensation consulting firm and compensation surveys published by a national trade association in recommending compensation for all employees to the compensation committee of the board of directors who in turn present their recommendation for board approval on an annual basis. In addition the compensation committee also reviews the compensation schedule in the form 990's of comparably situated cooperatives in determining the proper level of compensation for the general managerceo. Minutes of meetings of the board and it's compensation committee including deliberations and determinations are”

“Part vi secion c line 19 the annual form 990 is available to the public at www.guidestar.com. Copies are available at all offices for inspection and copies are provided to the public upon request. The governing documents of tvec and internal policies are only available upon request. No unaudited financial statements are made available to the general public. Part xi line 9 changes in equity not reflected in current period earnings of (18129474) include the retirement of patronage capital credits to memberowners of tvec (-2103692) annual adjustment to tvec's provision for post-retirement benefits as determined by an actuary in accordance with fas 158 (3840196) 2013 margins allocated to patronage captial (16392910) and an increase in membership (60).”