Okanogan County Electric Cooperative

“Every patron who purchases electricity from the Cooperative is required to be a member of the Cooperative. Each member has the right to vote on board members. In addition, each member is allocated their share of net margins of the Cooperative on an annual basis. Patronage dividends are distributed to the members subject to available cash flow and based on approval by the board of directors.”

“Each year, the governing body appoints a nominating committee. The nominating committee meets and nominates a slate of candidates to run for election to the governing body. Nominations by petition are also accepted for candidates to run for election to the governing body. The candidates are placed on a ballot and members of the organization vote at an annual meeting to elect members of the governing body. Voting is allowed in person at the meeting, by mail in ballot, or by proxy.”

“Any changes to the bylaws would require a majority vote of the members present at a member meeting, by mail in vote and by proxy, or a unanimous vote by the board of directors. If a unanimous vote by the board of directors amends the bylaws, then the members will be notified of such changes.”

“The CPA firm prepares the Form by inputting information from the audited financial statements. The Board and Management then review the Form for accuracy and completeness of the numbers and information. Upon approval, the Form is finalized and signed by Management.”

“Board Policy No. 10-120, Conduct of Individual Members of the Board of Directors, and Section 2 of the Employee Handbook, Standards of Conduct and Discipline, set forth guidance for personal and professional conduct. If a Board member is aware of a potential conflict, they are required to apprise the Board of the potential conflict. The Board then reviews the potential conflict and a determination is made by the Board. The Board's decision regarding the potential conflict then determines the course of action to be taken, which ranges from no action to resignation by the conflicted Board member.”

“The Board of Directors reviews the General Manager's current compensation and, to the extent possible, compares it to the compensation of General Managers of other comparably-sized electric cooperatives within the region. Additionally, the Board reviews the General Manager's compensation relative to the compensation of other executive-level positions within the geographical area as a measure of reasonableness. After consideration of these factors, along with the performance of the individual under review, the Board approves the General Manager's compensation package.”

“The organization responds to member inquiries for information, but generally does not provide printed policies or financial information, in accordance with Board policy. Some documents are available on the organization's website. For those documents not on the organization's website, the public can utilize the "Contact Us" option on the website or visit the office to request information.”

“990-T expenses = -$0”

“Capital credit retirement = -$112806”

“Income from subsidiary = $60382”

“Increase in memberships = $180”

“Other changes, net = $5729”

“Patronage capital to be allocated = $0”

“The Cooperative has interpreted the instructions for Part IX, Line 4 of the Form 990, regarding patronage dividends paid, to include the total amount of capital credits to be allocated for the tax year.”