Patronage

As a non-profit business, Guthrie County REC has margins instead of profits (revenue less expenses = margins). These margins become patronage dividends and are allocated to all members who received electric service during the year in proportion to the amount of revenue provided.

Patronage dividends are paid back as the financial condition of the cooperative permits. Until that time, these funds are used by the cooperative to reduce indebtedness, finance plant improvements, and maintain reserves for other contingencies such as major storm damage.

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