Return Reference | Explanation |
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Members or stockholder classes and rights Part VI line 6 | Member owned cooperative. |
Member election for additional members Part VI line 7a | Each member of the cooperative shall be entitled to vote in the election of the board of trustees. |
Form 990 governing body review Part VI line 11 | Board reviews annual filings at monthly board meetings. |
Conflict of interest policy compliance Part VI line 12c | Annual and periodic reviews of the policy are made by board and management staff. |
CEO executive director top management comp Part VI line 15a | In determining the appropriate salary for the General Manager, the Board of Trustees reviews compensation data of other managers in the state. The data is compiled by our statewide organization, KEC, who gathers the information by survey. The BOT are elected officiials who are compensated on a per meeting/per diem basis. The compensation is set at a level comparable to the that given to board members who serve our statewide and our G&T. |
Other officer or key employee compensation Part VI line 15b | In setting the wages/salaries of all other employees, the General Manager reviews compensation data of utility employees from around the state, of employees in other industries, and the CPI. He then makes a recommendation to the BOT who oversees and approves of any increases/adjustments. |
Governing documents etc available to public Part VI line 19 | Governing documents and financial statements are made available to the public upon request. |
Explanation of other changes in net assets or fund balances Part XI line 9 | Changes in net assets or fund balances include changes to memberships and donated capital. |
General explanation attachment | PART IX, Line 4-Benefits paid to or for members: The Cooperative allocated patronage capital credits to its members in this amount. |
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