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Northfork Electric


Cooperative, Inc. Operating in


Beckham, Roger Mills, Washita, Greer, Custer, Harmon, and Dewey


SCOTT COPELAND GENERAL MANAGER


BOARD OF TRUSTEES


Jimmy Taylor-Pres ............................. Elk City Charles Hickey-V. Pres....................... Reydon Ransom Snowden-Sec-Treas ............. Erick Chris Mackey.................................... Sayre Larry Smith..................................Cheyenne Lloyd Joe Patton .............................. Sayre Danny Davis....................................Elk City Jack Ivester ...................................Attorney


SAYRE OFFICE


Kenny Waugh....................Mgr. of Marketing Lisa Dailey...................Mgr. of Office Services Jeff Mohr...................Mgr. of Acct. & Finance Kay Brown............................Adm. Assistant Richard Bowdre .................. Operations Mgr.


REYDON OFFICE Barbara Swope ..........................655-4557


FOR OUTAGES AFTER 5 P.M. CALL 1-800-NO-VOLTS (1-800-668-6587) or


(580) 928-3366


OFFICE HOURS 8 AM TO 5 PM MONDAY-FRIDAY


DATES TO REMEMBER READINGS MUST BE IN


NORTHFORK OFFICE BY THE 10th


OF EACH MONTH TO BE USED FOR BILLING


ADDRESS P.O. Box 400


SAYRE, OK 73662 301 E. MAIN


Trustees Allocate 2013 Margins


This Notice of Patronage Allocation is issued in accordance with NFEC Bylaws. After reviewing the 2013 year-end financial statements, NFEC’s Board of Trustees approved allocating $1,743,328.45 in ex- cess margins.


Margins are calculated each year by subtracting total operating expenses from total operating revenues. These margins are allocated to members’ capital account based on the dollar amount of electricity purchased from the cooperative during 2013. This allocated patron- age capital is combined with total patronage capital that has not been retired (paid) and provides working capital for the cooperative. To determine your amount of this allocation, multiply the allocation factor 0.12278556 by the total amount of your electric bill for 2013. 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 NFEC’s


Board of Trustees, and are not required to be reported by you for income tax purposes until redeemed for cash 3003-002 and then only if you receive an income tax deduction for the payment made to the co- operative in 2013. Accordingly, it is unlikely that residential patrons will be required to report such allocations even when paid to them in cash or credited to their electric bill.


If you have any questions concerning this allocation, please call Lisa Dailey or Jeff Mohr at 580-928-3366.


Offices Closed for Memorial Day


NFEC offices will be closed Monday, May 26 in recognition and honor of Memorial Day. Please call 1-800-668-6587 to report an outage or a safety hazard.


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