Title
Draft Resolution - Approval of TEC 2019 Annual Membership Dues - J Parsley
Other Info
Submitted By: Renee Oelschleger for Julie Parsley
Department: Chief Executive Office
Financial Impact and Cost/Benefit Considerations: Expenditure of Cooperative funds estimated in the amount of $171,014.62 currently included in the Cooperative's 2019 operating budget.
Discussion
Each calendar year the Board considers approval of Texas Electric Cooperatives (TEC) membership. Membership contributes to overall effectiveness by providing a clearinghouse for ongoing training, developments in the utility industry, best practices, and other legislative education or efforts provided. With membership, PEC is also able to access aggregated competitive pricing for certain utility materials. The statewide association also returns patronage capital to its cooperative members. Below is a 3-year history of PEC dues and patronage capital.
Year Membership Dues Patronage Capital
2015 156,831 309,446
2016 159,381 331,269
2017 162,309 295,132
2018 166,642 163,105
Body
RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that Texas Electric Cooperatives (TEC) membership and associated membership dues for 2019 in the amount of $171,014.62 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.