Big Horn County Electric Cooperativeinc

“Members are businesses and individuals which receive electric service from thecooperative.”

“Each member of the Cooperative is entitled to vote in the election of the Board ofDirectors, which serve three year terms. Elections are held every year at the annual meeting held in March.”

“All bylaw changes recommended by the Board of Directors are approved and ratified by the majority of quorum membership at the Cooperatives annual meeting.”

“After the Form 990 has been prepared by the independent accountants, the GeneralManager and staff review the form for accuracy and completeness. After the GeneralManager has approved the Form 990, it is submitted to the Board for their review and approval prior to its filing.”

“All trustees must disclose to the Board of Directors any situation or transaction in which the trustee is involved which violates, or could appear to violate the intent of the conflict of interest policy. The Board will then determine what action, if any, should be taken. Each trustee is responsible for ensuring that his or her actions and behavior are in accordance with this policy. The Board President shall be responsible for ensuring that all trustees adhere to this policy; however, any trustee may bring to the attention of the Board any perceived violation of the conflict of interest policy.”

“Montana Electric Cooperative Association (MECA) and the National Rural ElectricCooperative Association (NRECA) performs an annual salary survey by job classification. The Board of Directors use these surveys to determine the salaryguidelines for the General Manager.”

“Montana Electric Cooperative Association (MECA) and the National Rural ElectricCooperative Association (NRECA) performs an annual salary survey by jobclassification. The General Manager uses these surveys and the employment cost index to determine the range of salaries for exempt, non-union positions. TheCooperatives other employee salaries are established by a signed collectivelybargained union contract.”

“All governing documents, policies and financial reports (including the Form 7 andForm 990) are available upon request at the Cooperatives headquarters office. Inaddition, each new member is provided with a copy of the Cooperatives bylaws. Also, the Statement of Financial Condition is sent out yearly to all members prior to the annual meeting held in March of each year.”

“Donated capital: 5,632”