Missoula Electric Cooperative Inc

“The Cooperative has 13,751 eligible voting members at December 31, 2024. Membersconsist of individuals and businesses that receive electric service from theCooperative.”

“Each year at the Cooperatives annual meeting, that is typically held in March, themembership elects two or three Directors to serve on the Board of Directors for athree-year term.”

“Changes to the Cooperatives bylaws require approval by its members. Each member isentitled to one vote for making changes to the Cooperatives bylaws.”

“After the Form 990 has been prepared by the independent accountants, management reviews the Form for accuracy and completeness. Once management believes the Form is complete and accurate, the Form is submitted to the Board for their review andapproval. Upon receiving their approval, the Form is signed by theSecretary/Treasurer prior to its filing.”

“All trustees must disclose to the Board of Directors any situation or transaction on 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 of this policy; however, any trustee may bring to the attention of the Board any perceived violation of theconflict of interest policy.”

“The National Rural Electric Association (NRECA) and Montana statewide organization - Montana Electric Cooperative Association (MECA) performs an annual salary survey by job classification. The Board of Directors makes use of these salary surveys from NRECA and MECA to determine the salary guidelines for the general manager salary. The general manager uses these salary surveys to determine the range of salaries for the exempt, non-union positions. The Cooperative lineman salaries are established by a signed collectively bargained union contract.”

“The National Rural Electric Association (NRECA) and Montana statewide organization - Montana Electric Cooperative Association (MECA) performs an annual salary survey by job classification. The Board of Directors makes use of these salary surveys from NRECA and MECA to determine the salary guidelines for the general manager salary. The general manager uses these salary surveys to determine the range of salaries for the exempt, non-union positions. The Cooperative lineman salaries are established by a signed collectively bargained union contract.”

“All governing documents, policies, and financial reports - RUS Form 7 and Form 990 - are available upon request at the Cooperatives headquarter office. Also, bylaws and handbooks are given to every new member. Also, the Cooperatives statement of financial condition is disclosed annually to its membership with the annual meetingnotice.”