2024-04-08T16:21:11-05:00 2023-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2023-01-01 580328075 LITTLE OCMULGEE ELECTRIC MEMBERSHIP CORPORATION LITT 9125687171 PO BOX 150 ALAMO GA 30411 LEWIS SHEFFIELD GENERAL MANAGER 9125687171 2024-03-27 1 LEWIS SHEFFIELD 999009999 1 CAL BRANTLEY CPA P00636393 4782751163 2024-03-27 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z LEWIS SHEFFIELD PO BOX 150 ALAMO GA 30411 23990414 0 X WWW.LOEMC.COM X 1938 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARD OF SERVICE. 9 9 42 0 0 0 0 0 25072445 23720790 38553 42553 138691 227071 25249689 23990414 0 0 703315 983314 363938 376102 0 0 0 24182436 22630998 25249689 23990414 0 0 66749310 65953623 40277450 38632141 26471860 27321482 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARD OF SERVICE. 0 0 23990414 23947861 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARD OF SERVICE. 23990414 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 42 1 0 0 0 0 0 23415264 348079 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X LEWIS SHEFFIELD 9125687171 26 WEST RAILROAD STREET ALAMO GA 30411 JIMMY GRIMES DIRECTOR 3.50 X 21136 0 0 WESLEY YAWN DIRECTOR 5.60 X 26908 0 0 GEORGE BEST DIRECTOR 3.90 X 7748 0 0 BENNY EVANS DIRECTOR - SECRETARY 4.10 X X 21136 0 0 LARUE FOUNTAIN DIRECTOR 3.30 X 11158 0 0 CHRIS MILTON DIRECTOR 2.10 X 2333 0 0 JIM KNIGHT DIRECTOR - VICE PRESIDENT 4.00 X X 14167 0 0 CAREY LOCKE DIRECTOR - PRESIDENT 9.90 X X 21136 0 0 RONNIE BATES DIRECTOR 2.00 X 26531 0 0 LEWIS SHEFFIELD GENERAL MANAGER 40.00 X 188133 0 35716 KEITH COUEY OPERATIONS MANAGER 40.00 X 106297 0 13722 JORDAN FLOYD SAFETY-LOSS CONTROL SPECIALIST 46.00 X 105851 0 50026 ERICA YORK ACCOUNTING MANAGER 40.00 X 102086 0 31963 JOHN YAWN DISTRIBUTION SUPERVISOR/FOREMAN 46.00 X 100363 0 38964 754983 0 170391 3 0 1 0 GUNNISON ACQUISITION HOLDINGS LLC 3715 NORTHSIDE PARKWAY ATLANTA GA 30327 ROW CLEARING 929004 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER NORTH STE 500 ATLANTA GA 30338 DATA SERVICES 313347 CAPPSTONE ENERGY GROUP LLC PO BOX 2295 COVINGTON GA 30015 ENGINEERING CONSULTING 242126 HELENA AGRI-ENTERPRISES LLC PO BOX 198153 ATLANTA GA 30384 ROW SPRAYING 117281 UTILICON SERVICES INC PO BOX 5876 SANDERSVILLE GA 31082 POWER LINES RELOCATION 103260 5 X SALE OF ELECTRICITY 221000 23415264 23415264 G & T & OTHER CAPITAL CREDITS 221000 304749 304749 OTHER 221000 777 777 23720790 42553 42553 227071 0 227071 227071 227071 23990414 23947861 0 42553 X 983314 376102 1592 77847 1100000 2572011 COST OF POWER 13884435 DISTRIBUTION - MAINTENA 2861364 CONSUMER ACCOUNTS 739408 ADMINISTRATIVE AND GENE 736167 658174 23990414 3152280 460030 987702 1203837 713738 583389 39959 42247 77684203 22196203 53677454 55488000 7046279 7260222 1131898 915898 66749310 65953623 1741246 1392784 750000 1000000 32987235 31485857 4798969 4753500 40277450 38632141 X 40000 40305 0 0 26431860 27281177 26471860 27321482 66749310 65953623 X 0 849622 X X 0 1 X 1 0 59915 59915 77624288 22196203 55428085 55488000 PATRONAGE CAPITAL - NRTC 2 C OTHER ASSOCIATED ORGANIZATIONS 4745 C INVESTMENT IN NRUCFC CTCS 447685 C PATRONAGE CAPITAL - OPC 3877510 C CONTRIBUTED CAPITAL - GTC 310024 C PATRONAGE CAPITAL - GTC 670104 C PATRONAGE CAPITAL - GSOC 767 C PATRONAGE CAPITAL - GEC 357066 C PATRONAGE CAPITAL - GRESCO 997334 C PATRONAGE CAPITAL - MERIDIAN 128415 C PATRONAGE CAPITAL - NRUCFC 227825 C PATRONAGE CAPITAL - COBANK 13187 C PATRONAGE CAPITAL - FEDERATED 148698 C PATRONAGE CAPITAL - GREEN POWER EMC 3233 C PATRONAGE CAPITAL - PRTC 5588 C INVESTMENT IN COOPERATIVE RESPONSE CENTER 10000 C PATRONAGE CAPITAL - SMARR EMC 34326 C CONTRIBUTED CAPITAL - SMARR EMC 13223 C PATRONAGE CAPITAL - CRC 10490 C 7260222 ACCRUED POSTRETIREMENT BENEFITS 2322160 CONSUMER DEPOSITS 928256 OTHER ACCRUED LIABILITIES 336314 ACCRUED LEAVE 212713 ACCRUED INTEREST 113528 ACCRUED SALES AND PROPERTY TAXES 840529 4753500 X PART X, LINE 2: THE NOTES TO THE CORPORATION'S FISCAL YEAR FINANCIAL STATEMENTS INCLUDE A DISCLOSURE THAT STATES THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 1 X X 0 0 0 LEWIS SHEFFIELD GENERAL MANAGER 187043 0 920 0 170 0 20575 0 15141 0 223849 0 0 0 JORDAN FLOYD SAFETY-LOSS CONTROL SPECIALIST 104887 0 920 0 44 0 23945 0 26081 0 155877 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME $5 MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION HAS NINE MEMBERS OF ITS BOARD OF DIRECTORS. THE DIRECTORS SERVE THREE YEAR TERMS WITH THREE DIRECTOR TERMS EXPIRING EACH YEAR. A BOARD ELECTION IS HELD ANNUALLY IN CONJUCTION WITH THE CORPORATION'S ANNUAL MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS, SUCH AS CHANGES TO THE CORPORATION'S CORPORATE BY-LAWS, MUST BE PRESENTED TO AND APPROVED BY THE MEMBERS. GENERALLY, SUCH CHANGES, IF ANY, ARE PRESENTED AT THE CORPORATION'S ANNUAL MEMBER MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION'S GOVERNING BODY, ITS BOARD OF DIRECTORS, AND MANAGEMENT REVIEW THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COPORATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY THROUGH AN ANNUAL BOARD REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS INDEPENDENTLY REVIEW AND APPROVE THE GENERAL MANAGER'S PERFORMANCE AND COMPENSATION ANNUALLY. VARIOUS FACTORS ARE REVIEWED AS PART OF THIS PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. FORM 990, PART VIII, LINE 2B G & T AND OTHER CAPITAL CREDITS (PATRONAGE DIVIDENDS) RESULT FROM THE PAYMENT OF INTEREST TO COOPERATIVE FINANCIAL INSTITUTIONS AND THE PURCHASE OF WHOLESALE POWER, SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSE ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF THE COST OF THE ELECTRIC SERVICE PROVIDED BY THE CORPORATION TO ITS MEMBERS. FORM 990, PART IX, LINE 24E DISTRIBUTIONS - OPERATIONS 597,808. ANNUAL MEETING 35,326. CONSUMER SERVICE & INFORMATIONAL 25,040. FORM 990, PART IX THE ACCOUNTING RECORDS OF THE CORPORATION ARE MAINTAINED IN ACCORDANCE WITH THE ACCOUNTING PRACTICES PRESCRIBED BY THE RURAL UTILITIES SERVICE (RUS) OF THE UNITED STATES DEPARTMENT OF AGRICULTURE. THESE ACCOUNTING PRACTICES DO NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX, LINES 1 - 23. THE CORPORATION SEPARATELY REPORTS CERTAIN EXPENSE CLASSIFICATIONS, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY RUS. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIP FEES, NET 305. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 983,314. OTHER COMPREHENSIVE INCOME 347,984. RETIREMENT OF PATRONS CAPITAL CREDITS AND OTHER EQUITY CHANGES -481,981. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS AND ITS DESIGNEES ASSUME RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL AUDITS AND THE SELECTION OF ITS INDEPENDENT AUDITORS. THE ANNUAL AUDIT IS PERFORMED ON A FISCAL YEAR BASIS AS OF EACH JULY 31. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.