From the Boardroom – December 2021

by Dion Cooper, President & CEO

The Board of Directors held meetings on December 27 to conduct its regular monthly Board Meeting to discuss and review several agenda items. During the meetings, they approved the Minutes of the last Board meeting and accepted the reports of the Attorney, President and Vice Presidents. In addition, Southwest Arkansas Telecommunication & Technology also held a regular Board Meeting.

SWAECC Agenda Items Reviewed and Actions Taken

The Board of Directors reviewed and accepted the audit report for the year ending September 30, 2021, prepared by Baird, Kurtz & Dobson.

Special Service Contracts for 2022 were approved with 10 contractors for a total budget of $3,550,000.

Plans for the March 26, 2022, Annual Meeting of Members were reviewed and the President was authorized to proceed with the necessary preparations.

Regular Board Meeting dates were approved for 2022.

The President reported that the Arkansas Rural Electric Self-Insurance Trust applied the Cooperative’s portion of the dividend for the 2018 fund year toward the 2019 and 2020 assessments.

The Board reviewed and authorized the Cooperative’s 2022 Strategic Plan.

The Board authorized the Cooperative to include photos and basic information about the directors on its Website.

A contribution of $1,000 was authorized for the Arkansas Rural Development group as a means of being more active in the statewide political races.

The President was selected to serve as the NRTC Voting Delegate for 2022.

The Board approved the Loan agreement and other documents provided by the National Rural Utilities Cooperative Finance Corporation.

The Board approved 92 new member applications making the total number of members to date 18,780.

SWATT Agenda Items Reviewed and Actions Taken

The President presented several updates including future fiber installation, current pre-registrations for service and RDOF.