The Board of Directors held meetings on January 30th 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 doing business as Four States Fiber also held a regular Board Meeting.
- A tax team from the certified public accounting firm FORVIS discussed the Cooperative’s tax status with the Board.
- The Board authorized the Cooperative to change its time and date for the regular board meeting in March to coincide with the Annual Meeting of Members. In addition, a Nominating Committee was appointed in accordance with the bylaws to nominate a candidate for director whose term expires on the date of the annual meeting. The committee selected Alan Green as it’s nomination.
- The Chairman was authorized to sign the RUS Form 266 as an acknowledgement and support of Title VI of the Civil Rights Act of 1964 and amended acts of 1973 and 1975.
- It was reported that the Cooperative received an allocation of patronage credits from NISC in the amount of $8,743.
- The President reported that the Cooperative received a patronage allocation of $801,379.57 from Arkansas Electric Cooperative Corporation as part of its allocation of patronage capital for the fiscal year ending October 31, 2022.
- The President reported that the Board of Arkansas Electric Cooperative, Inc., authorized capital credits with Southwest Arkansas Electric Cooperative’s portion being $43,076.13.
- The Board authorized a contribution of $1,500 to the Arkansas Independ Colleges & Universities.
- Vice Chairman Warren Plyler and Director Tommy Isbell were selected to serve as the 2023 Voting Delegate and Alternate Voting Delegate, respectively, at the 2023 PowerXchange Annual Meeting in Nashville, Tennessee.
- The Board authorized the proposed changes made to the Employee Benefits Policy.
- The President presented a graphic prepared by AECC/AECI President and CEO Buddy Hasten in regard to problems with the supply and demand for electrical equipment
- The Board authorized the Cooperative to sponsor the cost of poles, line, fixtures and the labor and equipment to construct a training yard in conjunction for the Cossatot Community College of the University of Arkansas at De Queen for an Aerial Broadband School.
- 77 new member applications were approved making a total of 18,929 members to date.
Four States Fiber
- The Board of Directors heard updates on the financial and statistical reports for Four States Fiber.