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, - -- NEBRASKA POSTMARK :2 J . 1 C t J / 0 9ACCOUNTABILITY AND

DATE

DISCLOSURE COMMISSION STATEMENT MICROFILM 7 9 0 0 1 2 111 th Floor, State Capitol

NUMBER

OF , ) ( .- .- . . r" I"'-nP.o. Box 95086 1 ff , lf ' r l\~,L~;l_bffICE USEONLYLincoln, NE 68509 FINANCIAL

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(402) 471 -2522 fJ M 'f1f iINTERESTS

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BEFORE COMPLETINGN::: . AC ,8ft~r'!:6;'!~1[i{6'NEAD FILING REQUIREMENTS D;~r'; fJ'NADC FORM C-1t . ... ; J L! .. .

Individuals l isted under Sec tions 1-A & B of the General Information - Filing Requ irements on page 5 must file this form . Dollar values need not be repor ted for any item, except for Item 11. File with the Nebraska Accountability and Disclosure Commission and with the election commissioner or cler k of the county of yourresidence .

Persons who fail to file this report or otherwise do not comply with the reportinq provisions of the law are sub iect to penalties.ITEM 1 I YOUR NAME, ADDRESS AND PHONE NUMBER

Name Schram Tim M . Telephone No . 402-332-4614LAST FIRST MIDDLE

Address 15151 South 234 th Street Gretna NE 68028STREETADDRESSORRURALROUTE CITY STATE ZIPCODE

ITEM 2 I OCCASION FOR FILING (Check Appropriate Box)

D A candidate for elective office D Left office or positionIZ IAnnual officeholder 's or state employee 's report D Newly appointed to office or position

ITEM 3 I OFFICE HELD & TERM OF OFFICE (for incumbent elected or appointed officials and state employees)List the office or position you currently hold which requires this filing . Ifyou have left office , list the office you held .

Office or Position : Commissioner - 3 rd District Term : 1/4/07 1/1/12BEGINS ENDS

Name of C ity, County , District, or State Agency : Nebraska Public Service Commission

ITEM 4 IOFFICE SOUGHT ( for candidate only)List the office sought which requires this filing .Office:

Name of City , County, District, or State Office :

ITEM 5 I PERIOD COVERED BY THIS STATEMENT,

This statement must cover all financial interests for the entire "preceding calendar year" and not just as of year-end . Ifyou haveleft office, this statement must cover all financial interests from the end of the calendar year for which you previously filed up to andincluding the date you left office.

[8] This statemen t covers the preceding calendar year January1 through December 31 , 2008

D Left office , this statement covers the period January 1 , to(DATEYOULEFTOFFICEORPOSITION)

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ITEM 6 I SOURCES OF INCOME OF OVER $1,000Income includes monev or anv other form of recomoense const ituting income under the Internal Revenue Code . (See definitions)Name and address of any source' (including an individual, business, List the nature of the source's business and the nature of the services youbody of government, pol it ical subdivision or body corporate) from rendered or the circumstances under which income was received.whom income of over $1,000 was received .1.) Nebraska Publ ic Service Commission 1a .) State Government - Public Service Commissioner

300 The Atrium, 1200 N Street

Lincoln, NE 68508

2.) Tim Schram 2a .) Grain Sold15151 South 234 1h Street Mutual Fund and Stock; Sales and Income ; Certi ficate of Deposi t and

Gretna, NE 68028 Savings Interest

3.) USDAFSA 3a .) Farm Program Payments

Washington , DC

4.) 4a .)

"NOTE: IF INCOME RESULTED FROM EMPLOYMENT BY , OPERATION OF OR PARTICIPATION IN A PROPRIETORSHIP , PARTNERS

CORPORATION OR OTHER PERSON , LIST THE SAME AS THE SOURCE OF INCOME, BUT NOT THE PATRONS , CUSTOMERS, PATIENTS,CLIENTS THEREOF .

ITEM 7 I BUSINESS ASSOCIATIONS (See definitionsName and address of al l businesses , organizat ions, or associat ions (profit and non-prof it) with which you held a position of officer , director, limited lcompany member, partner , or stockholder and any ent ity in which you held a position o f trustee . Such report ing i s requi red based on the posit ion heon whether income was received . You need not report business associations wh ich are otherwise listed under Item 6 .

Name and Address of Business or Organization Nature of Assoc iation

1.) Gretna Farmers Union Co-op 1a .) Patron Stockholder

Gretna , NE 68028

2.) Midwest Co-op 2a .) Patron Stockholder

Greenwood , NE

3.) 3a .)

4.) 4a .)

5.) Sa .)

6.) 6a .)

7.) 7a) .

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ITEM 8 IREAL PROPERTY OF THE FILER IN NEBRASKA (Real property valued at less than $1,000 and yourpersonal residence need not be reported .

List all real property in your name or in which you have a direct ownership interest. The description required must be sufficient to identifythe location of the property. Exceptions : You need not report real estate owned by a business listed in Item 6 or 7. your perresidence or real property valued at less than $1,000 . Personal residence refers to your principal dwell ing-house and adjacent land usfor house-hold PI ,JfpOSes,such as lawns and qardens ,

Location of Property(Description or Address

Nature of Property(such as : agricultural , commercial , industrial , residential-rental)

15151 South 234' " Street , Gretna , NebraskaNolans 2nd Division

23302 Melia Road , Gretna , Nebraska

ResidentiaVAgricu ltural : Primary residence sits on 10 acres of agricultural land

Agricultural

ITEM 9 IOTHER FINANCIAL INTERESTS AND PROPERTY HELD DURING THE PERIOD OF THIS STATEMENTWHICH EXCEEDED A FAIR MARKET VALUE OF $1,000 AT ANY TIME DURING THE REPORTING PERIO(a) List the names and addresses of the institutions in which you had checking and savings accounts and certificates of deposit.

Financ ial Institution

Pinnacle Bank

Amer ican National Bank

Address

Highway 370, Gretna, Nebraska 68028

Highway 370 , Gretna , Nebras ka 68028

(b) List the names of the issuers of all stocks, bonds, and government securities, not otherwise listed under Items 6 or 7 .

Boeing Aircraft

(c) Describe other property owned or held for the production of income not otherwise disclosed in Items 6,7,8 or 9(a)(b) . Includeleaseholds and other interests in real estate, promissory notes and other obligations owed to you, beneficial interests in trusts andestates , cash value life insurance, IRAs , deferred income and retirement plans. Exception : Do not include accounts receivable,inventory, f ixtures and equipment owned or used by a business lis ted in Items 6 & 7 or household goods, personal automobiles andother tangible personal property unless such proper ty was held primarily for sale or exchange.Pinnacle Bank CD , Savings, IRA457 Plan Sarpy CountyState of Nebraska Employees Retirement FundAmerican Mutual FundsFidelity Mutual FundsMarisico Funds IRANWMLAnnuity 13, MIT FundsAim FundsOppenheimer FundsJackson National IRAMidland Li fe Annu ityVanKampen Funds

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ITEM 10 ICREDITORS TO WHOM $1,000 OR MORE WAS OWED OR GUARANTEED BY YOU OR A MEMBER OFYOUR IMMEDIATE FAMILY.

Exception : Loans from a relative and land contracts which have been recordedwith the County Clerk or Register of Deeds need notreported . Accounts payable, debts arising out of retail installment transactions or loans made by a financial institution in the ordinarycourse of business need not be reported.

Name Address

TierOne (Pinnacle Bank) 13th and N Streets , lincoln , NE

ITEM 11 ISOURCES OF GIFTS OF A VALUE OF MORE THAN $100 RECEIVED EXCEPT GIFTS FROM RELATIVES.(See definitions)

Name and address of Donor Occupation or nature of business of Value of Gift Description of Gift andDonor (See Key Below) Circumstances or Occasion fo

GiftMid-America Regulatory Association of State Regulatory D Stipend to stateConference, Inc. Commissions Commissioners attending

annual conferenceChoose Value:

Choose Value :

Choose Value:

Choose Value :

Choose Value :

Choose Value:

Choose Value:

Choose Value:

Choose Value:

The monetary value of each gift shall be categorized based on the good faith estimate of the filer . For each reported gift insert in theValue column the letterwhich corresponds to the value category of the gift. The value categories are :

A) $100.01 to $200; B) $200.01 to $500 ; C) $500 .01 to $1 ,000; D) $1,000.01 or more.ITEM 12 I SIGNATURE OF FILER AND DATE.I hereby state that I have used all reasonable diligence in the preparation of this Statement and that to the best of my knowledge it is true

and complete.

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