Columbia Power Cooperative Association

“Each member is entitles to one vote on matters submitted for vote to the membership, including election of the Coop's directors. Any person, corporation, or public body may become a member of the cooperative by agreeing to purchase electric services.”

“Members vote to approve changes in the bylaws and to elect the board of directors.”

“The form 990 is presented to the board for review and commentary prior to submission.”

“Columbia Power Cooperative Association in conjunction with NRECA, receives current job position salary information each year. This information, along with performance reviews, is used for assessing annual salary increases. These assessments and recommendations are presented to the board of directors for approval.”

“Information is gathered from other local electric cooperatives, such as Harney Electric and Columbia Basin Coop, on union and non-union wages paid for similar positions. As review of performance is made prior to a change in compensation.”

“UPON REQUEST”

“Decrease in membership & other equity = -$20”

“Company has a fiscal year end of september 30 and obtains an audit for the fiscal year and not their tax year, which ends on december 31.”

“THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY 501(C)(12) ORGANIZATIONS SHOULD BE REPORTED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON LINE 4. THE COOPERATIVE HAD A LOSS OF $550,376 FOR 2024 AND THE LOSS IS NOT ALLOCATED TO THE MEMBERSHIP BUT WILL BE OFFSET AGAINST FUTURE NON-OPERATING MARGINS. ACCORDINGLY THE AMOUNT ON LINE 4 IS $0 for 2024 AND THIS IS NOT A RECONCILING ITEM FOR 2024. THE COOPERATIVE'S ACCOUNTING SYSTEM FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) WHICH DO NOT REPORT PATRONAGE DIVIDENDS AS AN EXPENSE; AS SUCH, THE 2024 MARGINS ALLOCATED, IF ANY, AS PATRONAGE DIVIDENDS ARE ALSO RECORDED AS A RECONCILING ITEM ON SCHEDULE D PART XIII OF THE FORM 990.”