From the Boardroom – July 2021

by Dion Cooper, President & CEO

The Board of Directors held meetings on July 26 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 President and Board Chairman were authorized to execute an agreement with Baird, Kurtz & Dobson, CPA, for auditing services for the Cooperative’s annual audit as of September 30, 2021.

The President reported that BKD filed an extension for the Form 990 and that it will be presented at a future Board Meeting.

The renewal of casualty insurance coverages including the All-Risk Blanket, Commercial Umbrella, Directors, Officers & Manager liability, Cyber Liability Protection and Fiduciary Coverage with Federated Rural Electric Insurance Exchange effective August 15, 2021, through August 14, 2022.

A payment was authorized to the Arkansas Rural Electric Self-Insurance Trust for the Cooperative’s Statutory Worker’s Compensation and Employer’s Liability for Employees.

The President presented an update of the Cooperative’s Affirmative Action Plan. The Board accepted the update and the Chairman and President were authorized to sign the update and all related forms and documents.

The Board accepted the AECC 2020 Residential Sales and Revenue Summary presented by the President.

Vice Chairman Warren Plyler and Director Jamie Stevens were selected as Voting and Alternate Voting Delegates, respectively, for the 2021 NRECA Region 8 meeting scheduled in Dallas.

The Board approved 106 new member applications making the total number of members to date 18,741.

SWATT Agenda Items Reviewed and Actions Taken

The President presented updates on the Arkansas Rural Connect Funding program and RDOF.

From the Boardroom – June 2021

by Dion Cooper, President & CEO

The Board of Directors held meetings on June 28 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 President and Board Chairman were selected to represent the Cooperative as ERMCO Voting Delegate and Alternate Voting Delegate, respectively.

The President reported that Jace Reid of Nashville, Arkansas, was the 2021 recipient of the Cooperative’s Lineman Scholarship.

The Cooperative was authorized to increase funds for the Foreman Loop: Primary Construction project as recommended by Toth & Associates.

The President reported on its Investment Credit that changes annually on its Wholesale Power Bill.

Buddy Hasten, President & CEO of AECC/AECI presented an update on the Statewide Agency.

The Board approved 88 new member applications making the total number of members to date 19,378.

SWATT Agenda Items Reviewed and Actions Taken

The Board authorized the Cooperative to amend the officers on file with the Arkansas Secretary of State for Southwest Arkansas Technology and Telecommunications.

The Board authorized the change of officers on fil for the bank Signature Card of Southwest Arkansas Technology and Telecommunications DBA Four States Fiber.

From the Boardroom – May 2021

by Dion Cooper, President & CEO

The Board of Directors held meetings on May 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 authorized the Cooperative to allocate 2020 capital credits in the amount of $6,958,139.

Chairman Russell Pendergraft was authorized as the NRECA Director representative for AECI and Vice Chairman Warren Plyler was authorized as the NRECA Director representative for AECC. President & CEO Dion Cooper was selected as alternate representative for both organizations.

The President reported that the Safety Magic Shows presented by Mr. Scott Davis to area school children for 2021 were presented on a social media platform. In 2022, Mr. Davis plans to make in-person presentations at the schools.

Information provided by Cooperative Finance Corporation on the Cooperative’s Semi-Annual Interest Payment was reviewed and accepted.

The Board authorized CFC to deduct 5% of the Cooperative’s 2021 Patronage Capital Refund, not to exceed $4,000, for the CFC Cooperative System Integrity Fund.

The Board approved a $500 contribution to the Nashville Chamber of Commerce’s “Stand Up for America” July 4th event.

The Board authorized the Cooperative to make changes to its Energy Resources Conservation Loan Program Policy.

The Board authorized the Cooperative to purchase 20 shares of $5,000 par value stock from SWATT for a total of $100,000.

The President was selected to serve as the voting delegate for CFC and NCSC at the annual meetings.

The Board approved 121 new member applications making the total number of members to date 18,903.

SWATT Agenda Items Reviewed and Actions Taken

The Board authorized the Cooperative to apply for a letter of credit to be issued by National Rural Utilities Cooperative Finance Corporation (CFC) and authorized Board Chairman Russell Pendergraft, President & CEO Dion Cooper and CFO and Vice President Kecia Wolf to act on behalf of the Cooperative in regard to loans with CFC.

From the Boardroom – March 2021

From the Boardroom by Dion Cooper, President & CEO

The Board of Directors held meetings on March 27 to conduct its regular monthly Board Meeting to discuss and review several agenda items and to conduct the Annual Meeting of Members. 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 approved the charge-off of inactive accounts for November 2019 through October 2020 for accounts with balances greater than $0.00 and a discontinued date prior to September 15, 2019.

The Board accepted a Patronage Capital Cash Retirement of $7,424.62 from National Information Solutions Cooperative (NISC).

Changes to the Construction Policy were reviewed and approved.

Changes were approved to amend the Cooperative’s Pole Attachment Agreement and Addendum to include the states of Texas and Oklahoma and the placement of attachments.

The Board approved 96 new member applications making the total number of members to date 18,838.

SWAECC Annual Meeting Items Reviewed and Actions Taken

The Membership elected Andy Youngblood to serve as the Director representing Polk County.

SWATT Agenda Items Reviewed and Actions Taken

The President introduced Marty Allen as the General Manager for Southwest Arkansas Telecommunications and Technology, Inc., DBA Four States Fiber.

SWATT Annual Meeting Items Reviewed and Actions Taken

Officers for Southwest Arkansas Telecommunications and Technology, Inc., were duly elected during the Annual Meeting of Stockholders.