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 3:27 o’clock p.m. on Monday, Nov. 27, 2023.
Trustees present were Bob Pierson, Neil Gould, Bill Croy, Kevin Logan, Richard Rudolphi, Frank Herman, Frank Czyzewski, 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 Evan Smith 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 Federated Report from the Board.
APPROVED, the retirement of capital credits for some accounts.
REVIEWED, the CFC Quarterly Loan Payment.
WERE INFORMED, of the CFC OneCard Rebate.
HEARD, the CRC News update.
HEARD, the NERC Update.
HEARD, a report by Bob Pierson regarding SIPC.
HEARD, an update by Kevin Logan regarding AIEC.
DISCUSSED, upcoming Board Training and the NRECA Annual Meeting.
At 4:06 p.m. entered into Executive Session.
At 4:12 p.m. exited Executive Session and returned to the Regular Meeting.
REVIEWED, the 2024 proposed Budget including:
- SIPC Power Cost;
- Capital Credits;
- Advertising and Donations;
- Capital Items;
- 2024 Budget.
HEARD and APPROVED, a financial report by Matt Conklin as to the following:
- Monthly Reconciliation;
- SIPC Power Delivered in October 2023;
- October 2023 Cash Flow;
- Line Loss;
- October 2023 Form 7;
- October 2023 Balance Sheet.
HEARD, the Manager’s Report on Safety.
REVIEWED, the Monday morning Safety meeting.
HEARD, the Manager’s Report on Cybersecurity.
WERE UPDATED, on the Meridian Cybersecurity issues.
HEARD and APPROVED, the Manager’s report by Matt Conklin on the following topics:
- Facilities Charge;
- Purple Wave Auction;
- Director Per Diem;
- Operations Report;
- Communications Report;
- Upcoming meetings.
DISCUSSED, the Facilities Charge; will wait for the Rate Study to see the necessary amount for the Facilities Charge and discuss further at that time.
DISCUSSED, the Purple Wave Auction and the sale of the truck; agreed to use this service again.
DISCUSSED, director per diem.
APPROVED, changes to director per diem commencing Jan. 1, 2024.
REVIEWED, the Operations Report.
REVIEWED, the Communications Report.
WERE REMINDED, of upcoming meetings on Dec. 19, 2023, Jan. 29, 2024, Feb. 26, 2024, and March 25, 2024, at 3:30 p.m.; the Christmas party on Dec. 13 at 6 p.m. at the Flora Bowling Alley; and the Safety Committee Meeting Dec. 5.
REVIEWED, a thank you note from Clay County CEO Program.
There being no further business to come before the Board, said meeting was declared adjourned at 6:20 p.m.