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Wisconsin Rural Electric Cooperative Association / First yearbook, 1938

Curtin, Gene
Report of board of directors of the Wisconsin Rural Electric Cooperative Association,   pp. 7-11 PDF (1.2 MB)

Page 11

late Mr. A. G. Bilodeau of Chetek, who was president of the BARRON
    On August 14th, the Executive Committee authorized STATEWIDE to
sign a contract with the Village of Bangor to perform engineering services
at cost but not to exceed the maximum allowable by REA under the new
compensation basis.
    Mr. Wilson, general manager, informed the Board at the regular
quarterly meeting Sept. 30, 1937, that REA had asked all costs be kept
within the allotments for the reason that REA's annual forty million
dollar appropriation had been reduced this year. Congress has cut this
appropriation from forty million to thirty million. The President has
effected a 10% cut on all expenditures which brings the appropriation
down to twenty-seven million. REA is trying to make their funds go as
far as possible by making partial allotments. During 1935 and 1936
REA held a small contingency fund to make allotments. This year they
do not have this fund to fall back on and STATEWIDE has been instructed
to inform our member cooperatives along these lines.
    Discussion relative to an emergency fund was brought up to render
financial aid to the cooperatives when weather conditions were apt to
damage the lines. It was unanimously agreed by the directors represent-
ing their local cooperatives that STATEWmDE should be induced to continue
its engineering and other services at the end of the construction stage.
    It was at this meeting of September 30th, 1937, the motion was passed
to compile this-the 1937 Year Book of the WISCONSIN RURAL ELECTRIC
                        MISS GENE CURTIN,
                               Assistant Secretary to Board of Directors.

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