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 3:30 p.m. on Monday, Dec. 17, 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 Frank Czyzewski 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 Dec. 15, 2025;
• The Quarterly Safety Committee Meeting Report.

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.

APPROVED, the retirement of capital credits for the Deceased Estates as presented.

APPROVED, December write-offs for two accounts.

REVIEWED, Board Pier Diem.

REVIEWED and APPROVED, policy reviews to 1000-44.

UPDATED, on Federated issues.

HEARD, a report by Bob Pierson regarding SIPC.

REVIEWED, Events and Training.

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

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

REVIEWED, the Cybersecurity Report.

APPROVED, Bill Croy as AIEC Alternate Director and Delegate.

APPROVED, 2026 voting delegates as presented with Bill Croy as AIEC Alternate Director and Delegate.

REVIEWED AND DISCUSSED the 2026 Budget including:

• SIPC Power Cost;
• Capital Credits;
• Advertising and Donations;
• Capital Items;
• Construction Work Plan Projects;
• 2026 Budget.

APPROVED, Health Insurance change for non-union staff to better align with union benefits with the company.

APPROVED, the 2026 Budget as presented with the new health insurance numbers factored into the budget.

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 the SAIDI report and CECI Reliability Report.

REVIEWED, the Communications Report.

WERE REMINDED, of upcoming meetings on Jan. 26, 2026, at 3:30 p.m., Feb. 23, 2026, at 3:30 p.m., March 23, 2026, at 3:30 p.m. and April 27, 2026, at either 3:30 p.m. or 7 p.m. 

There being no further business to come before the Board, said meeting was declared adjourned at 5:05 p.m.