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 7 p.m. on Monday, June 24, 2024.
Trustees present were Bob Pierson, Neil Gould, Kevin Logan, Frank Herman, Frank Czyzewski, Richard Rudolphi, 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. Bill Croy was present via conference call.
The invocation was given by Matt Conklin 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 meet- ing 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, Federated Report from the Board.
OPENED, two sealed bids for the John Deere Mower. Bid one for $600 and bid two for $341.
APPROVED, selling the mower and ACCEPTING, bid one for $600.
APPROVED, retirement of capital credits for an estate of a member, at the request of the heir.
APPROVED, write-offs of $542.32.
At 7:10 p.m., entered into Executive Session.
At 7:21 p.m., exited Executive Session and returned to Regular Meeting.
REVIEWED AND DISCUSSED, Revenue Requirement Study by CFC, rate design and rate increase worksheet.
REVIEWED, Federated Member Updates and heard Federated is seeking a candidate for the Board of Directors.
HEARD, a report by Bob Pierson regarding SIPC.
HEARD, a report by Kevin Logan regarding the AIEC updates.
HEARD and APPROVED, a financial report by Matt Conklin as to the following:
- Monthly Reconciliation;
- SIPC Power Delivered in May 2024;
- May 2024 Cash Flow;
- Line Loss;
- May 2024 Form 7;
- May 2024 Balance Sheet.
HEARD, the Manager’s Report on Safety including the Quarterly Safety Committee Meeting.
REVIEWED, Monday Morning Safety meeting held June 24, 2024.
REVIEWED, the Cybersecurity Report.
HEARD and APPROVED, the Manager’s Report by Matt Conklin on the following topics:
- Operations Report;
- Communications Report;
- Upcoming meetings.
REVIEWED, the Operations Report including pictures of the most recent tree trimming project.
REVIEWED, the Communications Report.
WERE REMINDED, of upcoming meetings on July 22, 2024 at 7 p.m., Aug. 26, 2024 at 7 p.m., Sept. 23, 2024 at 7 p.m. and Oct. 28, 2024 at 7 p.m. and the Annual Meeting at Oil Belt on Aug. 22, 2024.
REVIEWED, thank you notes from Kim Welty, Diana and Greg Rutland, Victor Mitchell, Chris Buening and Bob Pierson.
There being no further business to come before the Board, said meeting was declared adjourned at 9 p.m.