Thursday, Apr 24, 2014
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yesqcy - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
Very true, everyone has to have a first time. But what about the city attorney and the rest of the council? Nobody?
Mizzougrad - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Your right, the pensions that the city chose to underfund for years because they could, and now it's all our fault. For someone in business, don't understand how you do not understand the concept that you close a station, you don't just reassign the firefighters, because then there are no savings. You close a station because you want to lower the number of firefighters, period. You know…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Once again, I will ask you: Do you understand business at all? The City can't print money. The police and fire pensions have thrown the entire system so far out of whack that the City can't make "want to" decisions; it is a "have to" situation. You can cry the blues all you want about the poor, poor firefighters, but their greed over the years has contributed greatly to this mess, so what…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
I haven't read a single comment about laying off firefighters, except, perhaps, from your Chief. You are paid, and paid very well, to do a job. If you don't like it, quit. People will line up to take your spot. No one is complaining about the services you provide. The problem is cost. Why is it so hard to understand that the City coffers are not a bottomless pit? Your pensions have…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Your condescending attitude is just plain insulting. Thousands and thousands of small business owners have suffered in this economy over the past decade or so. Should we all "reinvent" ourselves? What an idiotic statement! It is patently obvious to me from the comments you have made in different discussions that you have lived a life of privilege and have never given an honest day's work in…

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Adams Electric returning $243,837 in capital credits

4 months, 2 weeks ago from Adams Electric Co-op

Capital credit checks will be mailed in December

Members of cooperatives pay for service at cost and share in the annual margins by earning capital credits. In other types of businesses, such as investor-owned utilities, stockholders receive these funds in the form of dividends.

Each year, operating margins are allocated to a member’s account based on the revenue (patronage) they paid. Distribution of capital credits is determined by the financial condition of the Cooperative with the goal of returning funds within a 25-30 year retirement cycle.

The Adams Electric Cooperative Board of Directors authorized the distribution of $243,837, 50% of the capital credits allocated in 1984. All capital credits from 1939 through 1983 have been repaid. The entire amount of capital credits from 1939 through 1983, including the current distribution, total over $4,404,800.

Capital credit checks will be mailed in December. If you were a member of Adams Electric Cooperative in 1984 and your capital credit total that year was $25 or more, you will receive a mailed refund check. If you are a current member and your amount was less than $25, the amount will be credited to your January electric bill (December usage).

Adams Electric Cooperative offers the option of returning capital credits to the estates of deceased members. In this case, capital credits from the remainder of 1984 through 2012 can be advanced on a seven percent (7%), 25-year discounted basis. This policy allows estates to be closed and is intended to prevent the confusion associated with future capital credit payments to the estate. If a member is deceased, and capital credits have not been retired, checks for 1984 will be mailed to the estate. For information on the settlement of capital credits for estates, call the office at 1-800-232-4797.

If you know a member of Adams Electric Cooperative from 1984 who has since moved off Cooperative lines, remind them to notify the Cooperative of their new location.

 


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