Title
Resolution - Consideration of 2025 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 $252,985.00 currently included in the Cooperative's 2025 operating budget; no expenditures of staff time anticipated other than ordinary processing requirements.
Discussion
The National Rural Electric Cooperative Association (NRECA) is a tax exempt 501(c)(6) nonprofit organization. Membership in NRECA provides the ability for its member cooperatives 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 the historic annual membership dues paid to NRECA by Pedernales Electric Cooperative, Inc. (PEC) that are based on statistical data for the number of consumers at PEC:
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
2024 - $246,003.00
2025 - $252,985.00
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the membership dues to the National Rural Electric Cooperative Association for 2025 in the amount of $252,985.00 is 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.