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.