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FROM THE BOARDROOM

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The People Fund

The People Fund

June

• Trustees Breece, Roof, and Struck were re-elected to serve in districts 4, 5, and 6 respectively and took their oath of o ce.

• Reorganization of board:

• Michael Struck: re-elected as chairman

• Mike Schuster: re-elected as vice chair

• Mary Fuller: re-elected as secretary

• Dave Erickson: elected as assistant secretary

• Kent Kramer: re-elected as treasurer

• Amanda Pridemore, CFO, reviewed financial highlights for May, including year-to-date net margins: electric $1 9 million; natural gas $289,000; propane $413,000, and fiber $250,000

• Tim Applegate, COO, provided an update on Consolidated Fiber, indicating approximately 6,300 homes passed and 2,560 customers.

• Jennifer Barger, CMO, discussed community and government relations updates.

• Amber Moreland, sta director, and Mike Schuster, trustee, discussed The People Fund and collaborations with neighboring cooperatives.

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