Board Spotlight: Board Tours Bloomfield
A regular meeting of the Board of Directors of SEMO Electric Cooperative, Inc., (hereinafter referred to as “Cooperative”) was held on Monday, August 16, 2021, at the office of the Cooperative in Bloomfield, Missouri. The following Directors were present: Richard Faulkner, Butch Dirnberger, Carl Eftink, Dennis Fowler, Myron Hawes, James Deneke, Carla Moore, Keith Haynes, Dicky Hanor, Tim Coppage, John Bledsoe, and Hamil Corse. Directors absent: none. Also present were Sean Vanslyke, CEO/General Manager; Megan Ray, General Counsel; and staff members Angie Byford, Amanda Burnett, Loyd Rice, Becky Ivester, Chris Freed, Jared Kelley, Dannett Cooper, and Brad Milam. The meeting was called to order by President Faulkner.
A prayer of invocation was offered by Byford. The chair asked for approval of the agenda. On motion made, seconded and passed, the agenda was approved. The Board considered its consent agenda consisting of: the minutes of the regular meeting of July 19, 2021; new membership applications; membership cancellations; review of Policy 406, Line Extension to Non-Permanent Installations; and review of Policy 409, Meter or Equipment Tampering.
CEO Vanslyke provided information on the recent dielectric testing of trucks by AMEC (Association of Missouri Electric Cooperatives). He also reviewed the Cooperative’s Mod Analysis provided by CCMSI (Cannon Cochran Management Services, Inc.). Burnett reviewed the financial summary for the month of July 2021 with revenue and expense analysis and budget comparisons. Compared to budget, year-to-date expenses are up 5.35%, revenue is up 2.41% and power costs are down 6.88%.
Eftink reported on business from the M&A Electric Power Cooperative meeting. Items of interest included: safety, sales, reliability, construction, PPP (Paycheck Protection Program) loan status and finances. Haynes also reported on business from (AMEC) Association of Missouri Electric Cooperatives. Items of interest included: Committee reports and updates from NRECA (National Rural Electric Cooperative Association); Rural Missouri, legislation, and AECI (Associated Electric Cooperative Incorporated).
Under old business the Board: reviewed its schedule of meetings; Policy 402, Memberships; and Policy 403, Line Extension to New Permanent Services, were affirmed as presented. Under new business the Board reviewed and discussed known membership concerns.
The board reviewed written staff reports and department leaders were present to supplement their reports. Remaining staff members were excused from the meeting. Therefore, the Board entered into Executive Session to discuss personnel matters. There being no further business to come before the Board, on motion made, seconded and passed, the meeting was adjourned.
