Harrison County Rural Electric Cooperative would like to notify our members that 2018 patronage allocation notices have been mailed. Deferred patronage allocations are revenues exceeding the operating expenses of HCREC and are shown in our bookkeeping records as margins. These margins are then allocated back to the member owners as patronage according to the amount you paid to HCREC for electric service in 2018.
This notification that you will be receiving in the mail will outline your share of the 2018 margins. Payment for this patronage allocation will be made at a future date pending approval from the HCREC Board of Directors. The total patronage amount for the 2018 fiscal year was $698,383.20.
If you have any questions regarding your patronage notice, please contact Harrison County Rural Electric Cooperative at 712.647.2727.