From the Boardroom – April 2021

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

Payment for the 2021 Property Taxes in the approximate amount of $1,476,719.25 were authorized.

The Board authorized a contribution of $1,000 to the NRECA International Foundation.

The President presented a report on the Cooperative’s Identity Theft Prevention Program and the Board reviewed and accepted the Privacy of Nonpublic Personal Information Policy.

The Board approved a lead sponsorship for approximately $2,000 to the Ash Grove Charity Golf Tournament for which all proceeds benefit the Arkansas Children’s Hospital.

The Board was reminded that Regular May meeting was moved to Thursday, May 27, 2021, because of the Memorial Day Holiday.

The Board approved a $500 contribution to the Nashville, Arkansas, Center Point Fire Department.

The President was authorized as Certifier with RUS for the Cooperative for submitting and certifying any and all data required by the Rural Utilities Service and in connection with FFB Loan Funds.

The Board Authorized the Cooperative to proceed with the Amendment 2 to the current construction work plan that includes the conversion of three-phase to three-phase 336 ACSR.

The Board approved 52 new member applications making the total number of members to date 18,867.

SWATT Agenda Items Reviewed and Actions Taken

The Board authorized the election of a 401(k) Pension Plan and benefit package for employees of the Cooperative’s subsidiary, Four States Fiber.