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, Oct. 28, 2024.

Trustees present were Bob Pierson, Bill Croy, Kevin Logan, Frank Herman, Frank Czyzewski, Richard Rudolphi, Evan Smith, Josh Schnepper and Neil Gould. 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 CFC report from the Board;
• REVIEWED, the CRC report from the Board.

APPROVED, requested retirement of Capital Credits.

REVIEWED, the Federated Member Update.

APPROVED, the CRC rate increase.

REVIEWED AND DISCUSSED, the 2025 Budget, including:

• SIPC Power Cost;
• Capital Credits;
• Advertising and Donations;
• Capital Items;
• 2025 Budget.

HEARD, a report by Bob Pierson regarding SIPC.

HEARD, a report by Kevin Logan regarding AIEC meeting.

WERE INFORMED, of the BLC 903 Training.

HEARD and APPROVED, a financial report by Matt Conklin as to the following:

• Monthly Reconciliation;
• SIPC Power Delivered in September 2024;
• September 2024 Cash Flow;
• Line Loss;
• September 2024 Form 7;
• September 2024 Balance Sheet.

HEARD, the Manager’s Report on Safety.

REVIEWED, Monday Morning Safety meeting held Oct. 28, 2024.

REVIEWED, the Cybersecurity Report.

HEARD and APPROVED, the Manager’s Report by Matt Conklin on the following topics:

Chicken Farm New Load;

Operations Report;

Communications Report;

Upcoming meetings.

WERE INFORMED, of a new Chicken Farm being built on our lines with potential for a large new load.

REVIEWED, the Operations Report.

REVIEWED, the Communications Report.

APPROVED, moving the December meeting to Dec. 20, 2024, at 3:30 p.m.

WERE REMINDED, of upcoming meetings on Nov. 25, 2024, at 3:30 p.m., Dec. 20, 2024, at 3:30 p.m., Jan. 27, 2025, at 3:30 p.m. and Feb. 24, 2025, at 3:30 p.m.

SCHEDULED, the Christmas party for Dec. 20, 2024, at 6 p.m.

REVIEWED, thank you notes.

There being no further business to come before the Board, said meeting was declared adjourned at 8:56 p.m.