Highline Electric Association

“Highline electric is a non-profit, rural electric cooperative. Membership in the cooperative is granted to those who; (a) file an application for membership; (b) agree to purchase electrical energy from the cooperative, and; (c) agree to comply with and be bound by the articles of incorporation, by-laws and rules and regulations of the cooperative.”

“All members of the governing body (board of directors) must be members of the cooperative that; (a) are not employed by or financially interested in a competing enterprise; (b) are not a close relative of an incumbant director or employee of the cooperative, and; (c) reside in the director district they are to represent. Every member of the cooperative has one vote for each director position up for the election.”

“While there are no decisions of the governing body that require ratification of the membership, the; (a) election of directors; (b) removal of directors, and; (c) dissolution of the cooperative; can only be accomplished by a vote of the entire membership of the cooperative.”

“There are no committees with the authority to act on behalf of the governing body.”

“The board of directors reviews the 990 prior to submittal. Directors will receive the form 990 at a board meeting. At that board meeting the form is reviewed and discussion is held. Directors are given the opportunity to ask questions regarding the form. All directors questions are resolved prior to form submittal.”

“It is the policy of the association that each elected director and candidate for director must disclose all personal and business relationships that could influence decisions related to the operation and management of the association. Each director must file a disclosure statement on a yearly basis or as necessary if their situation changes.”

“The general managers compensation is determined annually by deliberation of the board of directors. At least three current surveys (two state wide and a regional) of similarly situated top management officials are used for comparative purposes. Deliberations are held at regularly scheduled meetings of the board of directors and all actions are recorded in the minutes of those meetings. A documented performance review is a part of the deliberation.”

“The compensation of all other employees of the organization is reviewed annually by the general manager and approved by the board of directors. Each position within the organization is assigned a range of merit levels. Supervisors have the authority, with the general managers approval, to pay employees within the range of merit levels assigned to the position. Merit levels are subject to annual performance reviews by their immediate supervisors.”

“Copies of the organizations by-laws and articles of incorporation are provided to every member of the organization when they sign up for membership. In addition, copies are supplied to any member of the public upon request. The organizations conflict of interest policy would be provided upon request following an individual completing a written request for information. Annual financial statements of the organization are mailed to every active member upon completion of the fiscal year. In addition, financial statements are posted on the organizations web site and are provided in person upon request.”

“The total change in nets assets of $2,229,751 is due to: capital credit allocation to the membership of $3,653,298; capital credit retirements of ($1,550,538) (($1,637,861) less discounts of $87,323), a change in other comprehensive income of $47,060, net income from subsidiary of $8,925, a change in unclaimed property of $69,045, other changes in equity $1,963 and change in donated capital of ($2).”