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, Aug. 25, 2025.

Trustees present were Bob Pierson, Neil Gould, Bill Croy, 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.

The invocation was given by Kevin Logan 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.

HEARD, the Manager’s Report on Safety including:

• The Monthly Safety Report;
• Monday Morning Safety meeting held Aug. 19, 2025.

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 and APPROVED, policy revision to Policies 1000-1, 1000-2, 1000-3, 1000-4, 1000-5, 1000-6, 1000-15, 1000-16, 1000-21, 1000-22, 1000-31, 1000-41, 1000-44 and policy reviews to Policies 400-1, 400-2, 400-4, 400-5.

UPDATED, on CFC KRTA Executive Summary and Quarterly Loan Payment.

UPDATED, on NRECA issues.

HEARD, a report by Bob Pierson regarding SIPC.

HEARD, a report by Kevin Logan regarding the AIEC.

DISCUSSED, upcoming Board Training and Events including:

• NRECA BLC 947.1;
• NRECA BLC 950.

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

• Monthly Reconciliation;
• SIPC Power Delivered in July 2025;
• July 2025 Cash Flow;
• Line Loss;
• July 2025 Form 7;
• July 2025 Balance Sheet.

REVIEWED, the Cybersecurity Report.

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

• REDLG Loan Discussion;
• Operations Report;
• Communications Report;
• Upcoming meetings.

DISCUSSED, REDLG Loan with Clay City Fire Department.

REVIEWED, the Operations Report.

REVIEWED, the Communications Report.

WERE REMINDED, of upcoming meetings on Aug. 25, 2025 at 7 p.m., Sept. 22, 2025 at 7 p.m., Nov. 24 at 3:30 p.m., and rescheduled the December meeting to Dec. 17, 2025 at 3:30 p.m. with the Christmas party to follow.

CEO Evaluations were passed out for review next month.

There being no further business to come before the Board, said meeting was declared adjourned at 8:05 p.m.