AGENDA - Beartooth Electric...To pay by phone please call 1-406-446-2310. For your convenience, you...
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2019 ANNUAL MEMBER MEETING BEARTOOTH ELECTRIC COOPERATIVE, INC. • 81ST ANNUAL MEMBER MEETING • SATURDAY, MAY 4, 2019 • ANIPRO EVENT CENTER, ABSAROKEE, MT AGENDA Meeting Call to Order & Welcome | Early Bird Drawing (President, Julie Lindgren) 9:00 AM Invocation Pastor Paul Lindley, Nye Community Church Presentation of Colors Beartooth VFW Post 7311 National Anthem Ann Daniel Introduction of Board, Spouses and Guests Julie Lindgren, President Appoint Parliamentarian – Laurence R. Martin, Esq. | Felt, Martin, Frazier & Weldon PC Julie Lindgren, President Establish a Quorum (50 members required) Julie Lindgren, President Notice of Meeting & Affidavits of Print (Motion to dispense reading) Arleen Boyd, Secretary Approval of the Minutes of 2018 Meeting (Motion to dispense reading) Arleen Boyd, Secretary Trustee Election and Proposed Bylaws Amendments Laurence R. Martin, Esq., Parliamentarian • Bylaw Committee Report Arleen Boyd, Bylaw Committee Chair Proposed Bylaws Amendments Review Michael Specht, Bylaw Committee • Introduction of Incumbent Candidates Districts 2, 5 & 7 — Roxie Melton, District 2 — Arleen Boyd, District 5 — Ralph Lewis, District 7 Call for Ballots Julie Lindgren, President President’s Report Julie Lindgren, President Committee Reports • Finance Julie Lindgren, Committee Chair • Risk Management Arleen Boyd, Committee | Bill Pascoe, Co-Chairs • Policy Roxie Melton, Committee Chair • Communication Richard Nolan, Committee Chair Break Auditor’s Report (Motion to accept all reports) Brian Van Steeland, CPA | Summers McNea and Company, PC General Manager’s Report Kevin P. Owens, PE KEYNOTE SPEAKER Dr. Marco Restani Unfinished Business Julie Lindgren, President New Business Julie Lindgren, President Member Questions & Comments Julie Lindgren, President Election Results Arleen Boyd, Secretary Adjourn (President, Julie Lindgren ) 12:00 Noon Vendor Giſts and Energy Credit Certificate Drawings BEC Staff Please stay and join us for our festive Cinco de Mayo luncheon and vendor door prize drawings.
Transcript of AGENDA - Beartooth Electric...To pay by phone please call 1-406-446-2310. For your convenience, you...
2019 ANNUAL MEMBER MEETINGBEARTOOTH ELECTRIC COOPERATIVE, INC. • 81ST ANNUAL MEMBER MEETING • SATURDAY, MAY 4, 2019 • ANIPRO EVENT CENTER, ABSAROKEE, MT
AGENDAMeeting Call to Order & Welcome | Early Bird Drawing (President, Julie Lindgren) 9:00 AM
Invocation Pastor Paul Lindley, Nye Community Church
Presentation of Colors Beartooth VFW Post 7311
National Anthem Ann Daniel
Introduction of Board, Spouses and Guests Julie Lindgren, President
Appoint Parliamentarian – Laurence R. Martin, Esq. | Felt, Martin, Frazier & Weldon PC Julie Lindgren, President
Establish a Quorum (50 members required) Julie Lindgren, President
Notice of Meeting & Affidavits of Print (Motion to dispense reading) Arleen Boyd, Secretary
Approval of the Minutes of 2018 Meeting (Motion to dispense reading) Arleen Boyd, Secretary Trustee Election and Proposed Bylaws Amendments Laurence R. Martin, Esq., Parliamentarian
• Bylaw Committee Report Arleen Boyd, Bylaw Committee Chair Proposed Bylaws Amendments Review Michael Specht, Bylaw Committee
• Introduction of Incumbent Candidates Districts 2, 5 & 7 — Roxie Melton, District 2— Arleen Boyd, District 5— Ralph Lewis, District 7
Call for Ballots Julie Lindgren, President
President’s Report Julie Lindgren, President
Committee Reports • Finance Julie Lindgren, Committee Chair• Risk Management Arleen Boyd, Committee | Bill Pascoe, Co-Chairs• Policy Roxie Melton, Committee Chair• Communication Richard Nolan, Committee Chair
Break
Auditor’s Report (Motion to accept all reports) Brian Van Steeland, CPA | Summers McNea and Company, PC
General Manager’s Report Kevin P. Owens, PE
KEYNOTE SPEAKER Dr. Marco Restani Unfinished Business Julie Lindgren, President
New Business Julie Lindgren, President
Member Questions & Comments Julie Lindgren, President
Election Results Arleen Boyd, Secretary
Adjourn (President, Julie Lindgren ) 12:00 Noon
Vendor Gifts and Energy Credit Certificate Drawings BEC Staff
Please stay and join us for our festive Cinco de Mayo luncheon and vendor door prize drawings.
To proTo
STATEMENT OF REVENUE & PATRONAGE CAPITAL
Amounts in $000
DECEMBER 31, 2018 DECEMBER 31, 2017
Amount% Of
Revenue Amount% Of
RevenueIncrease
(Decrease)
TOTAL OPERATING REVENUE $8,577 100.0% $8,702 100.0% $(125)
OPERATING EXPENSES
Cost of Power & Transmission $3,187 37.2% $3,146 36.2% $41
Distribution Operations & Maintenance $1,581 18.4% $1,756 20.2% ($175)
Admin, General & Consumer Expense $1,523 17.8% $1,589 18.3% ($66)
General Plant Maintenance $139 1.6% $117 1.3% $22
Depreciation $1,016 11.8% $987 11.3% $29
Interest Expense $608 7.1% $558 6.4% $50
Total Operating Expense $8,054 93.9% $8,153 93.7% $(99)
Net Operating Margin Before Patronage Capital Credits $523 6.1% $549 6.3% $(26)
Patronage Capital Credits $50 0.6% $42 0.5% $8
Net Operating Margin $573 6.7% $591 6.8% $(18)
Non-Operating Margins
Interest Income $132 1.5% $44 0.5% $88
Other Non-Operating Revenue $(3) 0.0% $7 0.1% $(10)
Total Non-Operating Margins $129 1.5% $51 0.6% $78
Net Margins $702 8.2% $642 7.4% $60
PATRONAGE CAPITAL—BEGINNING OF YEAR $7,136 $7,088
Refund Allocated to Prior Years’ Equities and Margins $1,112 $0
Less: Retirement of Capital Credits $(407) $(468)
Add/Less: Margins Transferred from/to Other Equities $(29) $(12)
Less: Non-Operating Margins Transferred to Other Equities $(51) $(115)
PATRONAGE CAPITAL—END OF YEAR $8,463 $7,136
ANNUAL REPORT
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AUDITED FINANCIALS DECEMBER 31, 2018 AND DECEMBER 31, 2017
Brian Van Steeland, CPABEC Audit ManagerSummers McNea and Company, PC
DECEMBER 31,
BALANCE SHEET
Amounts in $000
ASSETS EQUITIES, MARGINS, LIABILITIES & OTHER CREDITS
2018
2017
2018
2017
UTILITY PLANT (AT COST) EQUITIES AND MARGINS
Total Utility Plant $33,066 $31,695 Patronage Capital $8,463 $7,136
Less: Accumulated Depreciation $16,213 $15,266 Other Equities $461 $381
Net Utility Plant $16,853 $16,429 Total Equities & Margins $8,924 $7,517
OTHER PROPERTY & INVESTMENTS
Investments in Assoc Organizations $450 $440 LONG-TERM DEBT $10,131 $9,430
Investments in CFC $277 $279
Total Other Property & Investments $727 $719 CURRENT LIABILITIES
Note Payable Bank LOC $0 $0
CURRENT ASSETS Current Portion Long-Term Debt $1,242 $1,117
Cash & Temporary Cash Investments $1,720 $725 Accounts Payable $453 $530
Accounts Receivable & Note Receivable $946 $940 Consumers' Deposits $97 $49
Materials, Supplies, Prepayment & Other $588 $507 Accrued Taxes, Interest & Vacation $384 $252
Total Current Assets $3,254 $2,172 Total Current Liabilities $2,176 $1,948
DEFERRED DEBITS DEFERRED CREDITS
Unamortized Loan Fees $8 $9 Consumer Energy Prepayments $21 $26
Preliminary Surveys & Investigations $10 $5 Capital Credits Payable $164 $66
NorthWestern Transmission Deposit $60 $60 Other Deferred Credits Payable $60 $0
Southern Montana Prepayment $564 $705 NorthWestern - Southern Refund $0 $1,112
Total Deferred Debits $642 $779 Total Deferred Credits $245 $1,204
TOTAL ASSETS $21,476 $20,099 TOTAL EQUITIES, MARGINS, AND LIABILITIES $21,476 $20,099
December 31, December 31,
ANNUAL REPORT
• Here is the average home’s breakdown:
29% Heating 21% Electronics 13% Cooling • 13% Water Heating • 12% Lighting 12% Appliances
NEW 2019 EDITION: 101 EASY WAYS TO SAVE ENERGY AND MONEY Pick up your copy at the exhibit table.
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TWACS METER UPGRADE PROJECT
• Meters on display.
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Message CenterBEC introduces a new bill design to help improve the customer experience. This new bill was re-designed to be friendlier, easier to understand, and more informative.
Look to this section of your bill each month to read important updates, new events, rules and regulations and other exciting information happening in and around Beartooth Electric.
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Monthly Peak Demand (kW)
Usage Period: Previous Read: Current Read: Usage:Meter Number:11/10/18 - 12/10/18 33375 37970 4,595E12345678
Next reading approx. 01/10/2019
Bill DetailsRate:New Charges/Adjustments
E01 Residential
Base �ateTotal kWh
New Charges/Adjustments due by 12/10/2018
30 Days @ $0.434,595 @ $0.088678
$12.90$677.35
$500.00
Feb
24Mar
25Apr
16May
29Jun
24Jul
30Aug
26Sep
23Oct
31Nov
28
8.700 8.8008.900 9.100 9.2009.500 9.5009.800 9.80010.100
10.600
11.500 11.600
Dec
16Jan
19Nov 25
8:13 am 10:19 am 8:30 am 5:50 pm 9:32 am 12:32 pm 8:05 am 7:48 am 6:26 pm 7:02 pm 5:26 pm 5:52 pm 8:19 am
Here's some information on your energy usage
Did you know we accept ACH and Debit payments along with some major credit cards?You can also sign up for other convenient services like paperless billing and automatic payment options. Please visit our website at www. beartoothelectric.com for more information.To pay by phone please call 1-406-446-2310.For your convenience, you may pay your electric bill in person at the BEC Red Lodge Office:Beartooth Electric Cooperative, Inc. 1306 N. Broadway Ave, Red Lodge, MT 59068-1110
My Energy Use Snap Shot
down at different times during the day. Forover the past service period and how it breaks
10%
25%
10%10%
30%
15%
Daybreak4am to 8am
Late Night12am to 4am
Night8pm to 12am
Evening4pm to 8pm
Afternoon12pm to 4pm
Morning8am to 12pm
more details visit your account atbeartoothelectric.com.
2801901234567890000050000000050000112520180
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BEARTOOTH ELECTRIC COOPERATIVEPO BOX 1110RED LODGE, MT 59068-1110
JOHN DOEJANE DOE123 ANY STRED LODGE, MT 59068
NNNN
Previous Account BalancePayments ReceivedBalance ForwardNew Charges/Adjustments due by 01/01/2019
$500.00-$500.00
$0.00$500.00
Your Bill Total Amount Due
$500.00
Your Account Bill Date 12/10/2018Account NumberNameService Address
0123456789JOHN DOE & JANE DOE123 ANY ST
RED LODGE, MT 59068
Usage (kWh) History
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
9669
11756
9529 8095 9289 6351 4797 8372 6744 3738 6245 8374
n Previous Year
10214
7336 7616 11232 12560 3924 3067 6002 7461 10604 5094 2063
n Current Year
PO Box 1110Red Lodge, MT 59068-1110
Continued on backBill DateAccount NumberBalance ForwardNew Charges/Adjustments due by 01/01/2019
Total Amount DueAmount Enclosed
12/10/20180123456789
$0.00$500.00
$500.00$_____________________________
8 5
1915
3753
7882
9361
4028
vA Temerage p
. . . ..
.. . .
..
..
This Bill
Last Month
2,063kWh
8,374kWh
May 2017–May 2018
CREATINGMEMBER VALUE
Beartooth Electric Cooperative, Inc. | [email protected] | www.beartoothelectric.com | 406.446.2310
METER UPGRADE PROJECT
PRESIDENT
JULIE LINDGRENDISTRICT [email protected]
VICEPRESIDENT
BILL PASCOEDISTRICT [email protected]
SECRETARY/TREASURER
ARLEEN BOYD DISTRICT [email protected]
DANIEL DUTTONDISTRICT [email protected]
ROXIE MELTONDISTRICT [email protected]
RICHARD NOLANDISTRICT [email protected]
RALPH LEWISDISTRICT [email protected]
KEVIN P. OWENS, PEGeneral Manager
ERIC ELTONLine Superintendent
BRAD PROPHETAccountant
KAAREN ROBBINSMember Communication |Services
TERESA NEWCOMER Plant Accountant | Work Orders
JIM PIHL Line Sub-Foreman
CONNIE TEACHOUTMember Service Representative
MARTY TOMLINStaking Technician
MARKUS URBANIKWarehousing & Purchasing
SAM WALKOWIAKLine Foreman
JAKE WRIGHT Journeyman Lineman
JIM AVENTMeter Technician | Journeyman Lineman
TRAVIS BARKER Journeyman Lineman
GUY BEHRENT Line Sub-Foreman
HUNTER BOOS Groundman | Apprentice
BILL COLGROVE Line Foreman
MICHAEL FERGUSON Journeyman Lineman
STEPHANIE FLETCHER Member Service Representative
KEYNOTE SPEAKERDr. Marco Restani
Board of Trustees
Team BEC Reach us at 406.446.2310
Marco Restani is Professor Emeritus with 30 years of experience in wildlife biology assisting natural resource agencies, industries, non-governmental organizations, and tribes throughout the US and abroad. He currently serves as Senior Raptor Scientist for Cell Tower Osprey Management. Prior to joining CTOM, he was Professor of Wildlife Ecology. He is a Certified Wildlife Biologist (The Wildlife Society), Elective Member of the American Ornithologists’ Union, and Master Bird Bander (USGS Patuxent Wildlife Research Center). For the past 8 summers, he has coordinated the research and management components of the Yellowstone River Osprey Project in collaboration with the Yellowstone Valley Audubon Society based in Billings.
Join us in welcoming Dr. Restani!
