Title
Resolution - Approval of 2023 NRECA Annual Membership Dues - J Parsley
Other Info
Submitted By: Julie Parsley
Department: Chief Executive Officer
Financial Impact and Cost/Benefit Considerations: Expenditure of Cooperative funds estimated in the amount of $226,412.00 currently included in the Cooperative's 2023 operating budget; no expenditures of staff time other than ordinary processing requirements.
Discussion
Membership in NRECA (National Rural Electric Cooperative Association) provides the ability for members to take legislative action, stay informed with technology, industry, and politics, and collaboration between other cooperatives. Membership also provides opportunities to participate in international and youth programs.
Below is a historic table of membership dues paid to NRECA, which is based on statistical data for the number of consumers at Pedernales Electric:
2016 - $161,427.00
2017 - $163,820.00
2018 - $171,025.00
2019 - $174,316.00
2020 - $182,228.00
2021 - $186,295.00
2022 - $198,000.00
2023 - $226,412.00
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Membership dues to the National Rural Electric Cooperative Association for 2023 in the amount of $226,412.00 are approved; and the Chief Executive Officer of the Cooperative, or designee, is authorized to pay those dues pursuant to the invoice duly presented to the Cooperative.