Burns Points To Progress Cont'd from page 1
In his speech to members, Burns noted it is his fiduciary responsibility to report to members. "At last year’s annual meeting I spoke about the present and the past. But today, I am speaking about the present and the future of our coop," he said.
Burns emphasized the board's progress over the past year that includes creating mission and vision statements to guide the co-op. "Our vision statement serves as a stake in the ground placed five years in the future that says this is what the board wants Choctaw Electric Cooperative to look like," he said.
CEC's values statement is:
Te members of Choctaw Electric view the cooperative as a stable organization characterized by high levels of Member trust and satisfaction, an effective and engaged board of trustees, and a dedicated and capable workforce.
Te mission statement, Burns explained, identifies the primary reason CEC exists and who it exists to serve.
CEC's mission statement is:
Choctaw Electric Cooperative shall continually improve customer service and satisfaction by providing its members with high quality electric and related services at fair and equitable rates.
Burns said the board identified key measures in areas of finance, service reliability, employee safety, rates, and member and employee satisfaction that they will use to monitor the co-op's progress.
Tey also established a written values statement that solidifies the board's commitment to transparency and openness, accountability, integrity and honesty, and loyalty to cooperative principles, among others. "Tese values are the behaviors that all trustees and
employees are expected to consistently demonstrate as they fulfill their respective duties and responsibilities," Burns said.
Burns concluded by commending the board for their teamwork over the past year. "We are all unified in our desire to continue to keep this cooperative a financially sound organization with high values, integrity, and with ethical and upright business practices that you the members can depend on," he said.
CEC has avoided borrowing any short or longterm loans, financial margins are growing, and debt is reduced, Burns noted. His comments supported a more detailed report by CEC Treasurer Mike Brewer, who told members that 2015 was a good year financially for CEC with operating margins of $2.5 million. In 2014, the co-op experienced a net loss from operations.
Brewer stated that CEC made drastic changes in accounting and operations to enhance the interpretation of the co-op's financial standing. CEC also hired a new auditing firm who increased both the depth and scope of CEC's financial audit.
CEC General Manager Kenneth Gates wrapped up CEC reports at the meeting by thanking members for their involvement. "We have been fractured by mistrust, but we've picked up the pieces. Today, we are getting employees more involved in decision making and are working with member advocacy groups for advice on bylaws," Gates said. "We are making a sincere effort to make CEC a world class cooperative.
"No one else has members so dedicated to the co-op cause, and we appreciate your loyalty," Gates concluded.
To view detailed election results for CEC bylaw amendments and CEC trustees, please visit your co-op website at
www.choctawelectric.coop.
Community Events
Help us promote your event by sending event details in advance. Please send event information to Jennifer Boling/Inside Your Co-op/ PO Box 758, Hugo, OK 74743; or e-mail info to
jboling@choctawelectric.coop. Events and dates are subject to change.
NOVEMBER 1
2 3
6 8
11 11-13 24 29
CEC Member Appreciation Days, Hugo
CEC Member Appreciation Days, Antlers
CEC Member Appreciation Days, Idabel
Daylight Saving Time Ends Election Day
Veteran’s Day, CEC offices closed for the holiday.
Beavers Bend Folk Festival & Craft Show
Thanksgiving
24-25 CEC offices closed for the holiday.
Christmas Tree Lighting, Idabel
DECEMBER 2
5
10 25
City of Lights Christmas Parade, Idabel
McCurtain County Christmas Parade, Broken Bow
Valliant Christmas Parade Christmas
Lucky Account #38854393 ($25 Bill Credit). If the account number
above belongs to you, contact your co-op by the 10th of the month to claim your $25 bill credit. Call Jennifer Boling at 800-780-6486, ext. 207, or contact CEC via email or in person.
CEC Inside Your Co-op | NOVEMBER 2016 | 5
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