White River Electric Association Inc

“Director gary dunham owns meeker general mercantile, which sells feed, grains, and general merchandise. Some of the employees and other directors do business this meeker general mercantile outside of the cooperative. Diretor stanford b wyatt owns wyatt sports, which sell sporting goods. Some of the employees and other directors do business with wyatt sports outside of the cooperative.”

“Members are owners of the electric utility cooperative and are allocated margins annually based on elctricity usage.”

“Each member of the association shall be entitled to vote in the election of the board of directors.”

“Bylaw changes must be approved by the membership.”

“Management and the paid preparer review the form 990 prior to filing. The board reviews annual filings at regular monthly board meetings.”

“Annual and periodic reviews of the policyare made by board and management at regular monthly board meetings.”

“The general manager undergoes a review by the entire board in a special board meeting. He supplies the board with a synopsis of the preceding year's highlights and events. He also supplies with a survey conducted by the colorado managers and what their salaries were for the previous year. He also shows them what his present salary is in relation to all the managers in the state, and compares himself to the state average. In addition, if it is completed in time, the mountaain state employers council (denver) survey on colorado rea managers is also provided to the for their review. The board takes all into consideration during an executive session and reaches an agreement on what the general managers's compensation should be for the coming year.”

“The association uses the mountain states employers council's (msec) yearly electic cooperative data for the basis of the compensation consideration in each of the job positions. Msec presents a range for each job position, and the association tries to stay in the 50-75% range for all the associations. For cost of living andincrease other than merit, the directors have an employee committee that meets. In the meeting they review the colorado/national cost of living, again from msec and the consumer price index. Local wages,insurances, 401(k)'s, total payroll etc., etc., are discussed at this meeting. As journeyman is the main category, we also compare other western slope co-ops to see where they are in their hourly rate for journeyman.”

“Governing documents and financial statements are made available upon request.”

“Changes in net assets were from changes in membership and donated capital that occurred during the year”

“Distribution maintenance 512792. 512792. 0. 0.”

“Consumer accounts 298658. 298658. 0. 0.”

“Customer service & information 56325. 56325. 0. 0.”

“Admin & general 1654944. 1654944. 0. 0.”