The regular meeting of the Board of Directors was held Tuesday, Sept. 26, 2017. All directors were present. Also attending were CEO Ron Holcomb and Attorney Jeff Helmerick.
President Bob Baker opened the meeting. The board reviewed Policy 211 – Aid to Construction Credit and Construction Financing Options. Holcomb submitted his report along with other staff member reports in writing.
Manager of Finance and Administration Doug Martin submitted the overall financials. 557 new services have been installed this calendar year. The margin was $538,949. The cooperative currently has an equity rate of 44.51 percent. 799 new services have been installed in 2017. The next regular meeting of the board is Tuesday, Nov. 28, 2017.