Brad Kimbro

The board addressed several key items, including the review and approval of the Hours Worked Report and membership adjustments for the cooperative. Voting delegates were appointed for both the NCSC and CFC annual meetings. Additionally, the board accepted the Financial and Operating Report for April, which included a recommendation regarding the Power Cost Adjustment. The meeting also featured reports from representatives regarding the Alabama Rural Electric Association and PowerSouth, covering recent board activities by those organizations.

The meeting included key actions such as the approval of the Federated Insurance renewal for 2026 and the Financial and Operating Report for March. The board authorized write-offs totaling $49,824.68 for 489 accounts and approved the disposal of fixed assets as listed in Exhibit A. Additionally, the board approved specific expenditures for the months of January through March, totaling $1,828,731.08. Reports were provided regarding legal activities and updates from the Alabama Rural Electric Association and PowerSouth board meetings.

The board meeting involved the presentation and acceptance of the February financial and operating report, including the Power Cost Adjustment recommendation. Construction work orders for the period of October through December were reviewed and approved for submission to the Rural Utilities Service. Additionally, the meeting featured reports on legal activities and updates from the Alabama Rural Electric Association and PowerSouth board meetings.

The Board of Trustees discussed and approved a resolution honoring a former leader for years of service. They appointed voting delegates for an upcoming annual meeting and filled a vacancy for the Operation Round Up board. Additionally, the Board authorized the closure of a specific bank account at Synovus and reviewed and accepted the monthly financial and operating report, including a power cost adjustment recommendation. Reports were also provided regarding the activities of the Alabama Rural Electric Association and PowerSouth Energy Cooperative.

The Board of Trustees meeting focused on several key actions. The consent agenda included the approval of the Hours Worked Report, voting on new membership applications, and processing withdrawals for members who ceased service. Management's recommendation to approve a Wildfire Mitigation Plan was passed. The Board also approved a cost-of-living adjustment (COLA) based on the 2025 Consumer Price Index (CPI) of 2.6%, effective February 2026. Additionally, scholarships for the Montgomery and Washington Youth Tours were approved. The Vice President of Finance & Accounting presented the Financial and Operating Report for December, which was accepted along with the February 2026 PCA recommendation.