January Message from the Manager
Greetings for the new year!
2018 was another good year for your cooperative. As we make plans for closing out 2018 and starting another year, I thought I’d share with you some highlights of this past year for your cooperative and some things to look for in the year ahead.
Early in 2018, construction of the new Kenmare Outpost was completed. Some of you may have had the opportunity to see this facility at our last Annual Meeting.
Office staff is working to close out the 2018 fiscal year records in preparation for the year-end financial statements for 2018. They are organizing records needed for the annual independent financial audit that will be later in March. This report will be given at the Annual Meeting in June.
In addition to dealing with the challenges of a North Dakota winter, the operations staff is conducting routine inspection of poles and lines to determine if replacements or upgrades are needed. They are also making plans for work for the coming spring and summer. Ongoing care and replacement of system components enhance reliability and preserve their ability to withstand adverse conditions.
We completed the installation of new automated metering infrastructure across our system. This new metering system replaces an older system that was at the end of its useful life. The new system provides valuable information to you, the member, such as daily and monthly usage. It is also the first step towards implementing an outage management system (OMS) that will assist our Operations Department in more efficiently restoring power during outages. Our plans are to have this OMS system in place in late 2019 or early 2020. This new system will alert us when a meter is out of power and we will deploy crews immediately, and in some cases, we will have restored power before some of you get home at the end of the day.
Later this month, the Board of Directors, along with myself and staff, will participate in a strategic planning session. The planning session will be led by a team from National Rural Utilities Cooperative Finance Corporation (CFC), one of the cooperative’s financial institutions. We will discuss strengths and weaknesses, potential risks, and opportunities for your cooperative in the future. From our discussions, we will develop a list of strategic initiatives and goals to complete in the future.
As always, know that we are working hard for you. Please feel free to contact us if you have questions about your cooperative or any of the projects we are working on.
Until next time,