2023-11-02T14:30:12-05:00 2022-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2022-01-01 710033825 CLAY COUNTY ELECTRIC COOP CORP % DAVID SMITH CLAY 8708573521 PO BOX 459 CORNING AR 72422 DAVID SMITH GENERAL MANAGER 8708573521 2023-10-24 true DAVID SMITH 000000000 AMBER SHERRILL P00748683 5013721040 2 2022 2023-04-26 12:10:37Z DAVID SMITH 3111 HIGHWAY 67 CORNING AR 72422 43947625 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 65 0 -7687821 0 0 1210000 37054060 40448380 1233853 862058 -7906492 -7963821 30381421 34556617 0 0 6743846 7554255 1931584 2077264 0 0 0 30535858 34216288 39211288 43847807 -8829867 -9291190 144833979 157028468 73345906 79671310 71488073 77357158 CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES. false false SALES OF 290,574,756 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS/CONSUMERS ON A NON-PROFIT BASIS. false 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 65 true true true false false false false 40132648 3715401 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 X DAVID SMITH GENERAL MANAGER 40.0 0.0 X 251214 0 88462 ODIS WILLIAMS MANAGER OF OPERATIONS 40.0 0.0 X 132421 0 160588 TONY MILLER LINE SUPERINTENDENT 40.0 0.0 X 113871 0 75278 ERIC LANDRETH SERVICEMAN/FOREMAN 49.31 0.0 X 111755 0 76633 TONY HUDSON SERVICEMAN/FOREMAN 48.13 0.0 X 112249 0 73490 MATT MILLER CCC GENERAL MANAGER 40.0 0.0 X 115880 0 40883 JERRY TURNER DIRECTOR 8.69 0.0 X 27572 0 0 JOHN DALTON BOARD PRESIDENT 14.62 0.0 X X 26724 0 0 CONNIE PENDERGRASS BOARD SECRETARY/TREASURER 8.06 0.0 X X 25702 0 0 WADE SCHIMMING DIRECTOR 9.48 0.0 X 24402 0 0 CARY WILSON DIRECTOR 2.63 0.0 X 24093 0 0 L WADE HARRIS DIRECTOR 2.52 0.0 X 23446 0 0 REUBEN SEAY DIRECTOR 0.1 0.0 X 15880 0 0 CHARLES RAGLIN BOARD VICE-PRESIDENT 3.0 0.0 X X 14364 0 0 TODD YOUNG DIRECTOR 1.63 0.0 X 11692 0 0 1031265 0 515334 14 false true false OSMOSE UTILITIES SERVICES INC PO BOX 117284 ATLANTA GA 30368 UTILITY POLE INSPECT 385226 D H CONTRACTING INC 668 LAWRENCE 223 RD BLACK ROCK AR 72415 FIBER CONTRACTORS 5770983 GRAY'S POWER SUPPLY LLC 7 VORTEX DRIVE OAKLAND MS 38948 ELECTRC DISTRIBUTION 215455 ARKANSAS ELECTIC COOPERATIVE INC 1 COOPERATIVE WAY PO BOX 194208 LITTLE ROCK AR 72219 VEGETATION CONTROL 686334 TOTH ASSOCIATIES 1550 E REOUBLIC ROAD SPRINGFIELD MO 65804 ENGINEERING FIRM 114886 5 1210000 1210000 Energy Sales 221100 39924234 39924234 Generation and Transmission Capital Credits 221100 315732 315732 Other Capital Credits and Patronage Dividends 221100 208414 208414 40448380 780572 276000 504572 0 0 1265211 9291432 -8026221 0 -8026221 -8026221 181062 99576 81486 81486 81486 0 0 0 0 0 0 0 0 0 Management Fee Income from CCC 237130 62400 62400 62400 34556617 40448380 -7687821 586058 0 0 0 7554255 533551 0 908987 136814 139500 358412 0 78606 67065 0 0 0 29144 47811 442736 0 0 0 0 0 24473 2127075 0 3679397 300595 PURCHASED POWER 20612602 DISTRIBUTION EXP-OPER MAIN 4989215 CUSTOMER EXPENSE 1169624 PROPERTY TAXES 196048 451897 43847807 7677964 2639447 2730847 1459957 0 0 5030697 7045276 0 0 0 0 0 0 3669370 4196015 1776190 1432105 150905238 28294856 109305812 122610382 0 0 0 0 14447076 17501655 0 0 196023 143631 144833979 157028468 7364431 8382527 0 0 0 0 0 0 0 0 0 0 54091388 59103927 0 0 11890087 12184856 73345906 79671310 X 202295 203085 777866 777866 70507912 76376207 71488073 77357158 144833979 157028468 X -9291190 15160275 X X false false false 1339770 1339770 15320596 6699967 8620629 96182 96182 105309761 21594889 83714872 28838929 28838929 122610382 ARK ELECTRIC COOP CORP 7211006 C ARK ELECTRIC COOP INC 879453 C NAT'L RURAL TELECOMM COOP 63280 C COOPERATIVE FINANCE CORP 1124723 C COOPERATIVE RESPONSE CENTER 21535 C NAT'L INFORMATION SYSTEM COOP 115527 C CLAY RANDOLPH SECURITY INC 7581113 C FEDERATED RURAL ELECTRIC INS 315322 C COBANK MEMBERSHIP 1000 C MFA OIL - PATRONAGE 3720 C INVESTMENTS - OTHER SECURITIES 184976 C 17501655 0 Accumulated Provision Pension 4810494 Current & Accrued Liabilities 6097017 Other Deferred Credits 1277345 12184856 X false false false DAVID SMITH GENERAL MANAGER 235684 0 818 0 14712 0 61125 0 27337 0 339676 0 0 0 ODIS WILLIAMS MANAGER OF OPERATIONS 123238 0 818 0 8365 0 135174 0 25414 0 293009 0 0 0 ERIC LANDRETH SERVICEMAN/FOREMAN 107794 0 818 0 3143 0 51774 0 24859 0 188388 0 0 0 MATT MILLER CCC GENERAL MANAGER 109400 0 818 0 5662 0 20280 0 20603 0 156763 0 0 0 TONY HUDSON SERVICEMAN/FOREMAN 109379 0 818 0 2052 0 48631 0 24859 0 185739 0 0 0 TONY MILLER LINE SUPERINTENDENT 110465 0 818 0 2588 0 62709 0 12569 0 189149 0 0 0 FORM 990, PART VI, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERS. THE MEMBERS ARE THE ELECTRIC COOPERATIVE MEMBERS (CUSTOMERS). FORM 990, PART VI, SECTION A, LINE 7A 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, SECTION A, LINE 7B 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, SECTION A, LINE 11B 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, SECTION B, LINE 12C 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 ANNUALLY ANSWER A QUESTIONNAIRE. 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, SECTION B, LINE 15A 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, SECTION B, LINE 15B 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, SECTION C, LINE 19 ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 BEFORE PATRONAGE ASSIGNED $7,554,255 RETIREMENT OF PATRONAGE CAPITAL CREDITS (1,685,959) BOOK TO TAX DEPRECIATION DIFFERENCE 9,291,432 ACTUARIAL GAIN/LOSS 547 ------------ OTHER CHANGES IN NET ASSETS $15,160,275 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 CORP 4218009 8860763 1.00000 true true false false true false false false false false true false false false true true false true true true CLAY COUNTY CONNECT A 1541211 FMV CLAY COUNTY CONNECT D 3200000 FMV CLAY COUNTY CONNECT O 62400 FMV