March board highlights

Posted on Apr 29 2019 in Southern Indiana Power

In an effort to keep you informed of your cooperative’s operations and activities, the following are highlights of the March 27 board meeting.

1. All directors were present along with CEO Steve Seibert and Administrative Assistant Lisa Hinton. Also present was accountant Amy Ramsey. 

2. The Feb. 27 board meeting minutes were reviewed and approved.

3. The membership certificates and vouchers were reviewed and approved.

4. January and February director’s reports were reviewed and approved.

5. The first item of business was to select a vice chairman to replace Director Michelle Lynch who resigned effective the Feb. 27 board meeting. Director Philip Meyer was selected vice chairman.

6. The board approved a RUS loan resolution for the 2019-2022 work plan.

7. The board reviewed and approved proposed rate changes associated with a cost of service study. The changes will have little to no effect on member bills.

8. Ramsey reviewed IRS Form 990 information with directors.

9. The CEO report was presented with Seibert reporting the following items:

a. Seibert provided the board with an update on a broadband fiber study. 

b. Seibert updated directors on the 2019-2022 work plan and RUS loan.

c. Seibert informed the board of a RUS audit scheduled in April. 

d. Seibert reported on an AK Steel Joint Operating Committee meeting
     held March 15.

e. Seibert reported Journeyman Lineman Cody Pfeifer and Apprentice
    Lineman Clint Heeke provided storm assistance to Daviess-Martin
    REMC on March 15.  

f. Seibert reported on Project Indiana in which Journeyman Lineman
    Travis Goffinet is participating from March 25 through April 5.

g. Seibert informed the board of patronage capital allocations and
    retirement from CFC, Federated and NISC.

h. Seibert reported April 8 is National Lineman Appreciation Day, and
    April 24 is National Administrative Professionals Day.

i. Seibert updated directors on upcoming annual meeting dates of
   neighboring co-ops.

j. Seibert reported the following meeting dates: PCDC annual dinner,    
   April 11; Southern Indiana Power annual meeting, April 16; NRECA
   Legislative Conference, April 28-30; and CoBank Energy Conference,
   July 15-16.

10. A motion was made, seconded and carried by the board to approve a RUS board resolution for the USDA ReConnect grant application.

11. A motion was made seconded and carried by the board to approve a resolution for a NextLevel Connections broadband grant application.

12. Seibert reported a safety meeting is scheduled for March 28 and advised there were no lost time accidents and no public liability claims to report.

13. The board reviewed section 10 of the NRECA good governance task force 

14. A motion was made, seconded and carried by the board to approve the retirement of 1994 capital credit allocations in 2019.

15. Committee Chairman Gary Waninger reported on an Operation Round Up board of trustees meeting held March 14. Grant and scholarship applications were reviewed; $17,500 in grants and $2,000 in scholarships will be funded.

16. A motion was made, seconded and carried by the board to approve nominations made by the Operation Round Up board of trustees for Michelle Lynch, Roger Hurm and Randy Kleaving to serve on the Operation Round Up board of trustees.  

17. Director Meyer reported on a Cooperatives ONE LLC board meeting held March 20.

18. Director Gary Waninger reported on a Hoosier Energy board meeting held March 27.

19. Director Gary Waninger reported on the NRECA annual meeting held March 11-13.

20. Chairman Jeff Vogel reported on the NRUCFC annual meeting held in conjunction with the NRECA Annual Meeting.

21. The next two regularly scheduled board of directors meetings will be held Wednesday April 24, and Wednesday, May 29.