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JULY/AUGUST 2017 PATRONAGE RETURNED page $4500,112 retired by Board; members saw a deferred patronage credit on June bill. IOWA ENERGY CENTER TRANSFER page 5 A publication of East Central Iowa Rural

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What is patronage returned?

Patronage returned is a form used by cooperatives to report profits earned from their members' transactions and to distribute surplus or profits back to the members based on their level of participation.

Who is required to file patronage returned?

Cooperatives that have earned income and are distributing patronage refunds to their members are required to file patronage returns.

How to fill out patronage returned?

To fill out a patronage return, cooperatives must report their total income, expenses, and the amount of surplus to be distributed to members, along with any required member identification information.

What is the purpose of patronage returned?

The purpose of patronage returned is to ensure that profits generated from the cooperative's activities are fairly distributed back to its members as a reward for their patronage.

What information must be reported on patronage returned?

The information that must be reported includes total earnings, expenses, allocated patronage dividends, and member details such as their share of the profits.

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