PAGE 2 NOVEMBER 2012
Inside Your Co-op is published monthly for members of Choctaw Electric Cooperative.
Board of Trustees PRESIDENT
MIKE BAILEY • BROKEN BOW VICE PRESIDENT
BOB HODGE • BETHEL SECRETARY TREASURER
RODNEY LOVITT • NASHOBA BILL MCCAIN • IDABEL
BUDDY ANDERSON • VALLIANT HENRY BAZE • RATTAN
JOE BRISCO • FT. TOWSON BOB HOLLEY • ANTLERS
LARRY JOHNSON • FROGVILLE
Management and Staff CHIEF EXECUTIVE OFFICER Terry Matlock
EXECUTIVE ASSISTANT Susan G.Wall
DIRECTOR OF PUBLIC RELATIONS Jia Johnson
BENEFITS SPECIALIST Tonia Allred
DIRECTOR OF FINANCE & ACCOUNTING Jimmie K. Ainsworth
DIRECTOR OF OPERATIONS Jim Malone
DISTRICT SUPERVISOR Darrell Ward
toll free telephone 800-780-6486
web site
www.choctawelectric.coop
TO REPORT A POWER OUTAGE PLEASE CALL
800-780-6486 24 hours a day • seven days a week
BY TERRY MATLOCK Chief Executive Officer
The great thing about November? The opportunity to express thanks to others
in full swing, and those of us who hunt head to the woods and enjoy all the wonderful things about hunting, camping and eating.
N
I cannot imagine what it must have been like for the English settlers who came here on the Mayflower. More than half of the English settlers died during that first winter, most as a result of poor nutrition and housing that proved inadequate in the harsh weather. Then along came Squanto, the Native American friend who taught the Pilgrims how to plant and tend crops, as well as where to hunt and fish. In the fall of 1621, the Pilgrims famously shared a harvest feast with the Native American tribes. That meal is now considered the basis for the Thanksgiving holiday.
November is also a great month because we celebrate Veteran’s Day on November 11. That special day is set aside to honor America’s veterans for their patriotism, love of country and willingness to serve and sacrifice for the common good.
ovember is a great time of year. Crops have all been harvested by now and either put up for later or sent off for milling. Football is
World War I, known as “The Great War” officially ended in June of 1919; however fighting had ceased seven months earlier when the armistice, or temporary cessation of hostile fighting, between the allied nations and Germany occurred. This occurred at the eleventh hour on the eleventh day of the eleventh month.
I’m sure there are many ways in which we can thank a veteran for his or her service. A simple thank you is always appreciated, or you could volunteer to help a veteran in your community. Acknowledge with gratitude the service these special men and women gave our county.
Perhaps the best way to say thank you to a veteran is to never forget. Never forget the sacrifice our soldiers make and have made to give us the many opportunities we enjoy in this country.
Thank you, veterans. God bless you and God bless America!
Notice of Patronage Taxable Income
ALLOCATED PATRONAGE DIVIDEND BASED UPON PATRONAGE TAXABLE INCOME FOR 2011 TAX PURPOSES
As of September 15, 2012, a Notice of Patronage Taxable Income Allocation is issued in accordance with the Bylaws of Choctaw Electric Cooperative (CEC). The amount of patronage taxable income for the calendar year 2011 that exceeds patronage book income due to 2011 net temporary book/tax differences is $3,206,948. The majority of this allocation is a result of the leaseback transaction that was approved at 2002’s Annual Meeting and completed in 2004. The allocation factor is .1677939572.
To determine your amount of this allocation, multiply the allocation factor by the total amount of your electric bill for 2011. This allocated amount is not immediately available as either cash or credit on your electric bill. These notices are redeemable only at the discretion of CEC’s Board of Directors, and are not required to be reported for income tax purposes until redeemed for cash. If you have any questions concerning this allocation please call 580-326-6486, Ext 213-Jimmie K Ainsworth, Director of Finance & Accounting.
CEC CEC
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