The regular meeting of the Board of Trustees of Clay Electric Co-operative, Inc. (CECI) was held at the Clay Electric Co-operative Headquarters, Flora, Ill., beginning at 4:55 p.m. on Monday, Feb. 27, 2023.
Trustees present were Bob Pierson, Neil Gould, Bill Croy, Kevin Logan, Richard Rudolphi, Frank Herman, Frank Czyzewski, Evan Smith and Josh Schnepper. Also present were Matt Conklin, CEO, and Attorney for the Board Tyra Cycholl. The meeting was opened by Bob Pierson, who presided, and Neil Gould acted as secretary thereof.
The invocation was given by Bill Croy and was followed by the Pledge of Allegiance.
The following proceedings were had [all action being first duly moved and seconded, and all action taken being upon the unanimous vote of the Board or without dissenting vote of abstention unless otherwise stated]:
APPROVED, the Suggested Agenda.
APPROVED, the Consent Agenda including the following:
- APPROVED, the prior meeting minutes;
- APPROVED, (a) to admit to membership those applicants connected for service since the last such review by the board, and (b) cancel those former members shown on the Manager’s Report since the last such review by the Board, said members no longer taking service;
REVIEWED, the Consent Agenda including the following:
- REVIEWED, the Work Orders;
- REVIEWED, the Disbursements;
- REVIEWED, the Credit Card Statements;
- REVIEWED, the Attorney Retainer;
- REVIEWED, the Account Summary Report;
- REVIEWED, the Federated Report from the Board.
APPROVED, sending 4 students to Youth to Washington instead of 3.
REVIEWED, the farm contracts.
DISCUSSED, Policy 100-10 and filled out Conflict of Interest forms for Directors.
REVIEWED, CFC Quarterly Loan Payment and CFC Long Term Loans.
WERE UPDATED, on NRECA News.
HEARD, a report by Bob Pierson regarding SIPC Board Meeting.
HEARD, a report by Matt Conklin regarding SIPC President update and SIPC Credit Rating.
HEARD, a report by Kevin Logan regarding AIEC Board Meeting.
WERE UPDATED, on the NRECA Annual Meeting, including the Dinner Reservations and Meridian Dinner.
DISCUSSED, the Legislative Conference, Springfield Lobby Day, Aces Conference and CFC Forum.
At 5:43 APPROVED, entering into executive session.
At 5:53 APPROVED, exiting executive session and returning to the regular meeting.
HEARD and APPROVED, a financial report by Matt Conklin as to the following:
- Monthly Reconciliation;
- SIPC Power Delivered in January 2023;
- January 2023 Cash Flow;
- Line Loss;
- January 2023 Form 7;
- January 2023 Balance Sheet;
REVIEWED, the Safety Report for the month of January.
REVIEWED, the Monday morning Safety meeting.
HEARD and APPROVED, the Manager’s Report by Matt Conklin on the following topics:
- Bob Pierson and Kevin Logan Gold Level certificates;
- Retirement of Karen Forth;
- CFPC Training for Matt Conklin;
- CRC Capital Credit Check;
- Ameren Rate Increase;
- CFC Strategic Planning Summary;
- Federated Cyber Security Coverage;
- Meridian Cyber Security Quote and Services;
- Cost of Service Study;
- Operations Report;
- Infrastructure Report;
- Communications Report;
- Upcoming meetings.
WERE INFORMED, Bob Pierson and Kevin Logan Gold Level Directors.
DISCUSSED, the retirement of a member of the office staff in 2024.
DISCUSSED, CFPC Training for Matt Conklin.
WERE INFORMED of the CRC Capital Credit Check.
DISCUSSED, the Ameren Rate Increase.
REVIEWED, the CFC Strategic Planning Summary.
WERE INFORMED of Federated Cyber Security Coverage.
DISCUSSED, Meridian Cyber Security Quote and Services.
APPROVED the Meridian Cyber Security Quote.
WERE UPDATED on the Cost-of-Service Study.
REVIEWED, the Operations Report and the Infrastructure Report.
REVIEWED, the Communications Report.
WERE REMINDED, of upcoming meetings on March 27, 2023 at 5 p.m.; April 24, 2023, May 22, 2023 and June 26, 2023 at 7 p.m.; and the Safety Committee Meeting on March 16, 2023.
There being no further business to come before the Board, said meeting was declared adjourned at 6:49 p.m.