2024-11-11T15:43:52+00:00 2023-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-01-01 710033825 Clay County Electric Coop Corp CLAY 8708573521 PO BOX 459 CORNING AR 72422 DAVID SMITH GENERAL MANAGER 8708573521 2024-11-11 true true Amber Sherrill P00748683 5013721040 2024-11-15 2023 2024-10-15 13:58:12Z DAVID SMITH PO BOX 459 CORNING AR 72422 36378403 false X WWW.CLAYCOUNTYELECTRIC.COM X 1939 AR CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER-BASED UTILITY SERVICES 9 9 64 0 337959 0 1210000 0 40448380 34299438 862058 867409 -7963821 17895 34556617 35184742 0 0 7554255 3876171 2077264 2232538 0 0 0 34216288 28923265 43847807 35031974 -9291190 152768 157028468 152853998 79671310 70384867 77357158 82469131 CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES. false false Sales of 285,499,201 kilowatt hours of electric energy to its members/consumers on a non-profit basis. 0 false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false true true true false true 25 0 true 64 true true true false false false false 33969483 2391484 false false false X 9 9 false false false false true true true true true false false true true true true true true true true true true AR X DAVID SMITH 8708573521 3111 HIGHWAY 67 PO BOX 459 CORNING AR 72422 Charles Raglin Board Vice-President 3.2 0.0 X X 14799 0 0 Connie Pendergrass Board Secretary/Treasurer 6.0 0.0 X X 29185 0 0 John Dalton Board President 9.2 0.0 X X 31377 0 0 Cary Wilson Director 2.4 0.0 X 30078 0 0 Jerry Turner Director 7.0 0.0 X 29100 0 0 L Wade Harris Director 2.5 0.0 X 30081 0 0 Todd Young Director 1.5 0.0 X 19815 0 0 Tyler Kirklin Director 2.5 0.0 X 16375 0 0 Wade Schimming Director 9.2 0.0 X 30485 0 0 David Smith General Manager 40.0 0.0 X 256798 0 86177 Craig Weisenbach Line Foreman 50.0 0.0 X 120499 0 39166 Gala Blanchard Manager of Accounting and Finance 40.0 0.0 X 120795 0 82557 Matt Miiller CCC General Manager 42.0 0.0 X 154343 0 42421 Odis Williams Manager of Operations 42.0 0.0 X 140120 0 74111 Tonya Tucker Manager of Administration 40.0 0.0 X 122887 0 52472 1146737 0 376904 17 false true false Arkansas Electric Cooperative Inc 1 Cooperative Way PO Box 194208 Little Rock AR 72219 vegetation control/electrical distribution construction 1269304 D & H Contracting Inc 668 Lawrence 2223 Rd Black Rock AR 72415 Fiber line construction 1052372 Osmose Utilities Services PO Box 117284 Atlanta GA 30368 Electrical pole inspection 340439 Progressive Solutions PO Box 825124 Philadelphia PA 19182 Vegetation Control 138749 4 0 0 0 0 0 0 0 0 ENERGY SALES 221100 33669746 33669746 0 0 GENERATION AND TRANSMISSION CAPITAL CREDITS 221100 329955 329955 0 0 OTHER CAPITAL CREDITS AND PATRONAGE DIVIDENDS 221100 299737 299737 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34299438 856775 0 337500 519275 0 0 0 0 0 0 0 0 1131720 17436 1193661 0 -61941 17436 -44505 0 -61941 17436 0 10634 0 0 0 10634 10634 0 0 10634 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MANAGEMENT FEE INCOME FROM CCC 540000 62400 0 62400 0 0 0 0 0 62400 35184742 34299438 337959 547345 0 0 0 3876171 574270 0 1238663 -105296 141545 383356 0 68976 68535 0 0 0 19824 51791 478756 0 0 0 0 0 26684 2126223 0 3829223 337753 PURCHASED POWER 13986112 DISTRIBUTION EXP-OPER & MAIN 5600400 CUSTOMER EXPENSE 1247780 PROPERTY TAXES 229419 851789 35031974 2639447 1686590 1459957 1081119 0 0 7045276 6143383 0 0 0 0 0 0 4196015 4578042 1432105 1246181 153400890 32135045 122610382 121265845 0 0 0 17501655 16689460 0 0 143631 163378 157028468 152853998 8382527 7534241 0 0 0 0 0 0 0 0 0 0 59103927 59284865 0 0 12184856 3565761 79671310 70384867 0 0 0 0 X 203085 204645 777866 781941 76376207 81482545 77357158 82469131 157028468 152853998 X 152768 0 0 0 0 4959205 X false false false 0 1339770 1339770 0 15309993 7438645 7871348 0 106675 0 106675 0 122869434 24696400 98173034 0 13775018 0 13775018 121265845 ARK ELECTRIC COOP CORP 7204007 C ARK ELECTRIC COOP INC 976767 C NAT'L RURAL TELECOMM COOP 61253 C COOPERATIVE FINANCE CORP 1157875 C COOPERATIVE RESPONSE CENTER 21534 C NAT'L INFORMATION SYSTEM COOP 114189 C CLAY COUNTY CONNECT 6681731 C FEDERATED RURAL ELECTRIC INS 327521 C COBANK MEMBERSHIP 5787 C MFA OIL - PATRONAGE 3825 C INVESTMENTS - OTHER SECURITIES 134971 C 16689460 ACCUMULATED OPERATING PROVISION 1926552 OTHER DEFERRED CREDIT 294297 CONSUMER DEPOSITS 1344912 3565761 X false false false David Smith General Manager 240942 0 818 0 15038 0 57502 0 28675 0 342975 0 0 0 Odis Williams Manager of Operations 130257 0 818 0 9045 0 45159 0 28952 0 214231 0 0 0 Gala Blanchard Manager of Accounting and Finance 114927 0 818 0 5050 0 55457 0 27100 0 203352 0 0 0 Matt Miiller CCC General Manager 146122 0 818 0 7403 0 16045 0 26376 0 196764 0 0 0 Tonya Tucker Manager of Administration 117635 0 818 0 4434 0 26206 0 26266 0 175359 0 0 0 Craig Weisenbach Line Foreman 115899 0 818 0 3782 0 12172 0 26994 0 159665 0 0 0 Form 990, Part IV, Line 12a CLAY COUNTY ELECTRIC COOP. CORP'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. Form 990, Part VI, Line 6 Classes of members or stockholders THERE IS ONLY ONE CLASS OF MEMBERS. THE MEMBERS ARE THE ELECTRIC COOPERATIVE MEMBERS (CUSTOMERS). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THERE IS ONLY ONE CLASS OF MEMBERS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE AND NO MORE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ELECTRIC COOPERATIVE MEMBERS' APPROVAL IS REQUIRED FOR CHANGES IN THE ARTICLES OF INCORPORATION, SALES OF PROPERTY IN ANY ONE YEAR THAT EXCEED TEN PERCENT OF THE VALUE OF ALL PROPERTY OF THE COOPERATIVE, REMOVAL OF A DIRECTOR, ELECTION OF A DIRECTOR. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE GENERAL MANAGER AND THE MANAGER OF FINANCE AND ACCOUNTING AND IS THEN GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION CONDUCTS PERIODIC BOARD AND OPERATIONAL POLICY REVIEWS, WITHIN THESE REVIEWS/UPDATES, THE CONFLICT-OF-INTEREST POLICY, PURCHASE PROCEDURES, ACCOUNTABILITY, AND OVERVIEW ARE EXAMINED. THE BOARD MEMBERS ARE REQUIRED TO ANSWER A QUESTIONNAIRE ANNUALLY. THE PRESIDENT OR MANAGER INVESTIGATES ANY POTENTIAL CONFLICTS AND DETERMINES THE NATURE OF THE CONFLICT. THE PRESIDENT OR MANAGER REVIEWS ANY CONFLICTS AND DETERMINES THE APPROPRIATE ACTION DEPENDING ON THE NATURE OF THE CONFLICT. AN OFFICIAL MAY NOT ENGAGE IN A CONFLICTING INTEREST TRANSACTION UNLESS: A. TO THE EXTENT UNKNOWN BY DISINTERESTED DIRECTORS, THE OFFICIAL DISCLOSES THE EXISTENCE AND NATURE OF THE OFFICIAL'S CONFLICTING INTEREST AND ALL FACTS KNOWN TO THE OFFICIAL REGARDING THE TRANSACTION THAT A DISINTERESTED DIRECTOR WOULD REASONABLY BELIEVE TO BE MATERIAL IN ACTING REGARDING THE TRANSACTION; DISINTERESTED DIRECTORS DELIBERATE AND VOTE REGARDING THE TRANSACTION OUTSIDE THE PRESENCE OF, AND WITHOUT PARTICIPATION BY, THE OFFICIAL; AND A MAJORITY OF DISINTERESTED DIRECTORS, BUT NOT LESS THAN TWO, AUTHORIZES THE TRANSACTION; OR B. ACCORDING TO THE CIRCUMSTANCES AT THE TIME THE BOARD CONSIDERS THE TRANSACTION, OR AT THE TIME COOPERATIVE OR THE SUBSIDIARY BECOMES LEGALLY OBLIGATED REGARDING THE TRANSACTION, THE TRANSACTION, AS A WHOLE, BENEFITS COOPERATIVE OR THE SUBSIDIARY, CONSIDERING, AS APPROPRIATE, WHETHER THE TRANSACTION WAS FAIR IN TERMS OF THE OFFICIAL'S DEALINGS WITH COOPERATIVE OR THE SUBSIDIARY AND WHETHER THE TRANSACTION WAS COMPARABLE TO WHAT MIGHT HAVE BEEN OBTAINED IN AN ARM'S LENGTH TRANSACTION, GIVEN THE CONSIDERATION PAID OR RECEIVED BY COOPERATIVE OR SUBSIDIARY. Form 990, Part VI, Line 15a Process to establish compensation of top management official EACH YEAR, THE BOARD OF DIRECTORS CONDUCTS A REVIEW OF THE GENERAL MANAGER'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON THE REVIEW AND COMPARABILITY DATA. Form 990, Part VI, Line 15b Process to establish compensation of other employees INTANDEM, LLC PERFORMED A REVIEW AND PRODUCED A PAY SCALE AND JOB DESCRIPTION FOR EACH EMPLOYEE. EACH YEAR THE GENERAL MANAGER REVIEWS THAT SCALE AND DETERMINES COMPENSATION. Form 990, Part VI, Line 19 Required documents available to the public ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances RETIREMENT OF PATRONAGE CAPITAL CREDIT - -1547143; ACTURIAL GAIN/LOSS - 378186; PATRONAGE CAPITAL - 3876171; BOOK TO TAX DIFFERENCE IN DEPRECIATION - 750689; CHANGE IN MEMBERSHIPS - 1560; CHANGE IN NON-OPERATIG MARGINS - 2399124; CHANGE IN OTHER MARGINS - 4075; EQUITY IN EARNINGS OF SUBSIDIARY - -903457; Form 990, Part XII, Line 2b CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. CLAY COUNTY CONNECT INC PO BOX 459 CORNING AR 72422 621677603 INTERNET AR CCECC C Corporation 6084342 8712873 1 true true false false true false false false false false true false false false true true false true true true CLAY COUNTY CONNECT A 1469220 FMV CLAY COUNTY CONNECT D 7500000 FMV CLAY COUNTY CONNECT O 62400 FMV