Each year in March, LEC holds the Annual Meeting of the Members. This event is an opportunity for the members to learn more about their cooperative and participate in electing fellow members for the board. They also transact any other business to come before the membership.
As a member of LEC, you have the right to get involved with your cooperative. The main vehicle for doing this is electing the Board of Trustees. These 10 fellow members meet once a month to review cooperative policies, financials and evaluate the direction of the cooperative. Trustees are nominated and elected at the Annual Meeting each year by attending members.
Aside from Trustee elections, LEC's General Manager also gives an update on cooperative happenings and our auditor gives a financial presentation for the previous calendar year. There is a light breakfast served. Each attending membership also receives a door prize and is entered to win other great prizes, including the Grand Prize offering of Free Electricity for a Year*. Luck of the Draw scholarship winners are also drawn randomly at the Annual Meeting. Please check out our Luck of the Draw Scholarship page to learn more about this program.
The 69th Annual Meeting of the Members will be held on Saturday, March 24, 2018 at the Lincoln County High School auditorium at 312 9th Street East, Eureka. Registration begins at 8:00 a.m. with the business meeting beginning at 9:00 a.m. Please note those interested in being entered for the Luck of the Draw Scholarships must apply by the deadline, meet all eligibility requirements, and register at the Annual Meeting by 9:15 a.m.
We look forward to seeing you at the 2018 Annual Meeting!!
68th Annual Meeting Recap
The 68th Annual Meeting of the Members was called to order at 9:00 am on Saturday, March 25, 2017 at the Lincoln County High School Auditorium. The attending members received a report on the 2016 year-end financials of LEC. A copy of this information can be found on our website at www.lincolnelectric.coop.
Gary Wiens, Assistant Manager of the Montana Electric Cooperatives Association, provided a legislative update. To keep up to date with the issues facing Montana cooperatives, please visit the Montana Electric Cooperatives' Association website.
The manager's report by General Manager Ray Ellis centered mainly around the upcoming rate change. As detailed in past issues of your Rural Montana and our March Community Meetings, this change is vital. By moving toward a full COSA (Cost of Service Analysis) rate, LEC will improve financial stability in the future. It also helps to ensure all members are contributing fairly and equitably toward their cooperative.
One of the main duties of members at the Annual Meeting is to conduct the business of the cooperative. This year, there were four Trustee positions up for election. Three of the Trustees were re-elected by acclamation. They were Marianne Roose, District 3; Myra Appel, District 1; and Wesly Loughman, District 4. There were two nominations for the fourth Trustee position for District 5 - Eugene Jarrell and incumbent Mike Workman. Upon voting of the members, Mike Workman was re-elected for District 5.
The membership also voted on seven By-Laws changes, all of which were approved. Please see the attachment for details of these revisions.
After the voting recess, member questions were answered by LEC Trustees and employees. No new business action items were needed.
Drawings were made for 14 $1,000 Luck of the Draw Scholarships. These are funded by unclaimed capital credits. Including the 2017 scholarships, LEC has used unclaimed capital credits to donate over $167,000 to education endeavors in our communities. The Luck of the Draw winners were Ryan Price, Connor Harmon, Ashlyn Waldo, Gina Williams, Emily Billow, James Dunn, Courtney Harmon, Derek Hickman, Kaylee Kronsperger, Cole Pickering, Braden Thier, Taylor Pacella, Bradley Stein, and Jaimie Soderling.
The winner of the grand prize of free electricity for a year* was Ron and Jenny Komac.
*Some restrictions apply.