Jamie Maupin

The regular board meeting included the election of executive positions for the Board of Directors, naming Jay Collins as President, Danny Smithson as Vice President, and Rick Kemp as Secretary/Treasurer. The Board discussed and approved requesting a grant of $315,000 from USDA Rural Development for the North Shelby School District athletic facility lighting system upgrade. A key action was the approval to raise the corporate debt limit from $75,000,000 to $150,000,000. The board also approved financial reports for September, reports from AMEC and NEP Electric Cooperative meetings, the manager's report, and the designation of Tim Korman as the voting delegate for the CFC Annual Meeting. Director expenses were approved, and the meeting concluded after an executive session.

The Board of Directors meeting included staff reporting on departmental updates and a presentation on the 5-year strategic plan for Macon Electric Cooperative. The consent agenda items, excluding previous minutes, were approved. Following the initial financial report, the second quarter financials for 2025 were presented and approved. Furthermore, a motion was approved to release $500,000, comprising the remainder of 2007 G&T funds and a portion of 2009 MEC funds, for the retirement of general funds. Updates were provided following monthly board meetings for the Association of Missouri Electric Cooperatives and the Northeast Power Electric Cooperative. The manager's report was presented, upcoming meetings reviewed, and directors' expenses approved. The date for the 2025 MEC Christmas party was set, and a portion of the meeting was held in executive session.

The regular board meeting included a review of departmental reports presented in the board packet, following which several staff members were excused. The consent agenda was approved, covering general accounts payable, capital credit estates for payment, new members, and credit card statements. Financial presentations were made for the month of June and the second quarter of 2025, and the financials were subsequently approved. Reports were given on the AMEC monthly board meeting and a prerecorded report from a manager. Upcoming meetings and training opportunities were reviewed, and directors' expenses were approved before the meeting adjourned following an executive session.

The board meeting included a review of the 2026 budget proposal, culminating in its approval. Revisions to Policy 807 regarding Rural Economic Development Loan and Grant and Revolving Loan Fund Participation were accepted. The board approved a USDA Rural Economic Development Grant application from the La Plata R-II School District, but chose not to proceed with a Revolving Loan Fund Project application from BS Properties. The financial report for November was approved. Updates were provided on the monthly meetings of the Association of Missouri Electric Cooperatives and the Northeast Power Electric Cooperative. Director expenses were approved following a review of upcoming meetings and training opportunities.

The primary discussion focused on the presentation and review of the 2026 budget proposal, which was presented department by department. The board also reviewed and approved the financial report for November, approved an unclaimed capital credit allocation totaling $88,409.71, and approved the write-off of bad debt amounting to $245,331.19. Director reports were provided regarding the Association of Missouri Electric Cooperatives District II meeting and the Northeast Power Electric Cooperative monthly board meeting. The manager's report for November and directors' expenses were also presented and approved.