The regular meeting of the Board of Directors of Nolin RECC was held at 9:00 a.m., Wednesday, June 7, 2023, at the office of the cooperative. The following is a summary of the meeting activities. The agenda, minutes of the May 10, 2023, meeting, new and terminated memberships and the monthly safety and compliance report were approved.
- Greg Lee reported on key topics and gave an industry update.
- The Monthly Financial Statements and Reports for April 2023 were reviewed and approved.
- The System Operations report for April 2023 was presented. Operations at Fort Knox were also reviewed.
- The Corporate Services Report for April 2023 was presented and reviewed.
- The Human Resources Report for May 2023 was presented and reviewed.
- The Information Technology report for May 2023 was presented and reviewed.
- Linda Grimes updated the board on Kentucky Electric Cooperatives.
- Rick Thomas updated the board on East Kentucky Power Cooperative.
- The Communications, Member Programs and Safety reports were reviewed.
- Special Equipment for April 2023 was presented and approved.
- Linda Grimes and David Brown were selected as voting and alternate delegate for the regional meetings of NRECA, CFC and Federated Rural Electric Insurance Exchange.
- Rick Thomas and Greg Lee were selected to serve as the voting and alternate delegates for Kentucky Electric Cooperatives. Linda Grimes and Greg Lee will serve as directors.
- Proposed changes to Policy 305, “Allocation and Retirement of Patronage Capital,” Policy 306, “Payment of Capital Credits to Deceased Members,” Policy 306 Form, “Request for Payment of Capital Credits to a Deceased Member’s Estate,” Policy 704, “Selection or Promotion of Personnel,” Policy 705, “Employment Status,” Policy 716, “Termination or Separation from employment,” and Policy 720, “Employee and Retiree Insurance Programs,” were reviewed and approved.
- The Wide Open Utility Service financial, operations, H.R. and safety reports were reviewed.
The meeting adjourned at 2:50 p.m.