April 2019 – Special
CORDOVA ELECTRIC COOPERATIVE, INC.
SPECIAL MEETING APRIL 29, 2019
Chairman Pegau called the April 29, 2019 Special Meeting of the Board of Directors of Cordova Electric Cooperative to order at 6:10 p.m. Directors present were Cook, Cooper, Faulkner, Johnson, Srb and Ranney. Also present were CEO Koplin, Manager of Administration and Finance Merritt, and Executive Assistant/HR Coordinator Bailer (Recorder).
The purpose of the special meeting is the Audit Presentation.
APPROVAL OF AGENDA
Cooper moved and Srb seconded to approve the agenda. Voice Vote: Unanimous. Motion carried.
AUDIT PRESENTATION – Julie Desimone with Moss Adams LLC conducted the audit presentation and a discussion ensued.
Approve 2018 Audit as Presented – Desimone explained the difference between “approving” the audit and “accepting” the audit, saying accepting the audit is the correct verbiage. Johnson moved and Cooper seconded to approve the 2018 Audit as presented. Faulkner amended the motion to “accept” the 2018 Audit as presented, seconded by Ranney. Voice vote on the amended motion: Unanimous. Motion carried. Voice vote on the main motion: Unanimous. Motion carried.
Cooper thanked Desimone for coming and conducting the audit presentation. She said it was great to have Desimone present at the meeting and appreciates her being here.
Ranney thanked Desimone saying he appreciates the information.
Cook thanked Desimone saying it was good information.
Johnson said she appreciated the hard work of the auditors and staff.
Srb thanked Desimone for coming to the meeting.
Faulkner said this was a good presentation and thanked Desimone.
Pegau thanked Desimone for the presentation and Merritt and Koplin for getting CEC into a situation where we have an unmodified audit.
There being no further business Cooper moved and Johnson seconded to adjourn the meeting at 7:25 p.m.
___________________________ Date Approved Secretary/Treasurer