PANORA FIBER HOLDS ANNUAL MEETING MARCH 2

 

By Shane Goodman | Lake Panorama Times

Panora Fiber held its annual meeting on March 2 in Panora at the Community Center with the theme of “Unstoppable Growth.” The agenda included the sharing of financial and operating reports and the election of directors.

General Manager/CEO Andrew Randol shared the company’s balance sheet and statements of operations, showing 2025 total assets of $39,512,671, an increase over the $33,629,151 from 2024. Total 2025 income of $7,332,416 was also an increase over $6,738,574 in 2024.  Total operating expenses were reported as $5,064,043 compared to $4,337,224 from 2024. Randol explained that one of the reasons for the expense increase was due to deferred taxes that came due.

Randol shared information about the growth in Dallas and Madison counties, noting how the infrastructure improvements will allow Panora Fiber to serve up to 2,000 new customers. 

Randol thanked the Panora Fiber staff, which he stated had 272 years of collective experience. He also noted special appreciation to Bill Dorsett and Geri Thompson, who will both be retiring this year. 

Randol shared information about the new homes being built on West Clay Street in Panora’s Dream Acres as a result of cooperation between Panora Fiber, the city of Panora, the Panorama School District and Origin Homes. Five basements are now poured, and one home is framed. The homes are to be listed for sale by Memorial Day. 

Noting how Panora Fiber has transformed through the years into a broadband provider, Randol shared how data usage by the members has increased by 15%.

Peg Carr, Trudy Hastings, Ron Reynolds, Dave Ryan and Jim Wendl were running for three open seats, with Hastings, Reynolds and Ryan being incumbents. Hastings, Reynolds and Wendl were elected to the board. Board President Ron Reynolds stated that the results were the closest he has seen in his years on the board. 

Drawings were then held for numerous door prizes for attendees.