2023-11-15T19:37:51-06:00 2022-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2022-01-01 480157067 BUTLER RURAL ELECTRIC COOPERATIVE ASSOCIATION INC BUTL 3163215025 PO BOX 1242 EL DORADO KS 67042 KEVIN BROWNLEE GENERAL MANAGER 3163215025 2023-11-15 1 KEVIN BROWNLEE 999009999 0 WILLIAM M MILLER P11439459 8067473806 2023-11-15 X 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN BROWNLEE PO BOX 1242 EL DORADO KS 67042 28322189 0 X WWW.BUTLER.COOP X 1938 KS TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. 7 7 56 0 0 0 20691 0 25180648 27818945 116282 46514 2000 194924 25319621 28060383 0 675 0 928915 2807319 3190528 608205 0 0 21904097 24076989 25319621 28197107 0 -136724 103491188 107637815 81500702 84687088 21990486 22950727 TO PROVIDE RELIABLE ELECTRIC POWER, BROADBAND COMMUNICATION SERVICES AND OTHER RELATED SERVICES TO MEMBERS AT THE MOST AFFORDABLE COST. 0 0 COOPERATIVE SELLS AND DISTRIBUTED ELECTRICITY TO ITS MEMBERS/METERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 7,748 ACTIVE SERVICES AT YEAR END. BROADBAND DIVISION - A SEPARATE DIVISION OF THE COOPERATIVE WAS CREATED TO PROVIDE BROADBAND INTERNET SERVICES TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC AND WIRELESS NETWORK. THE CONSTRUCTION AND STARTUP PHASE OF THE BROADBAND DIVISION BEGAN IN 2017. THE FIRST CONNECTIONS BEGAN RECEIVING SERVICE DURING 2018. FIBER OPTIC BROADBAND SERVICES OF THE DIVISION WILL BE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT OF MARGINS FOR SUCH DIVISION. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 31 0 56 1 0 0 0 0 0 28177369 394207 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X BUTLER RURAL ELECTRIC COOP ACCOUNTING DEPARTMENT 3163215025 PO BOX 1242 EL DORADO KS 67042 X SHERIDA CLAASSEN PRESIDENT 12.00 2.70 X X 5175 0 0 DEAN THOMPSON VICE PRESIDENT 5.00 3.90 X X 5375 0 0 GARY HILL SECRETARY/TREASURER 1.00 0.25 X X 7175 0 0 RON OELKERS TRUSTEE 8.00 5.60 X 11875 0 0 BOYD RAY TRUSTEE 6.00 1.00 X 4775 0 0 GERALD STABB TRUSTEE 5.00 3.70 X 4850 0 0 JOSHUA HARDER TRUSTEE 1.40 1.40 X 4275 0 0 KEVIN BROWNLEE CEO/GENERAL MANAGER (APR-DEC) 43.00 X 133361 0 87364 TIM LINDAHL CEO/GENERAL MANAGER (JAN-APR) 50.00 X 82407 0 29743 WENDY MCADOO VP OF ADMIN AND FINANCE 43.00 X 132900 0 74343 JEFFREY ADAMS VP OF OPERATIONS (JAN-FEB) 10.00 X 42827 0 11262 MARK ANDERS AREA FOREMAN/LINEMAN 45.00 X 115020 0 81413 ALAN HARPER MANAGER OF OPERATIONS 43.00 X 110330 0 125497 TYLER HANEY FOREMAN/LINEMAN 45.00 X 109223 0 69315 ALEX PINKERTON JOURNEYMAN LINEMAN 45.00 X 108431 0 62876 AARON YODER FOREMAN/LINEMAN 44.00 X 106836 0 83763 984835 0 625576 10 0 1 0 ELITE CUTOVER CONNECTIONS INC 505 WEST MAIN STREET CAMERON WI 54822 SUPPORT SERVICES 735627 SOLIDA TREE SERVICE INC PO BOX 421 PHILLIPSBURG KS 67661 TREE TRIMMING 350458 NEONOVA NETWORK SERVICES PO BOX 602927 CHAROLETTE NC 28260 NETWORK MONITORING 336352 NISC PO BOX 1147 MANDAN ND 58554 SOFTWARE SERVICES 248696 ENGELS EXCAVATION AND GRADING 7008 E 39TH STREET N WICHITA KS 67226 TRIMMING, TRENCHING, & INSTALLING 133600 5 X SALES OF ELECTRICITY 221000 21619777 21619777 BROADBAND REVENUE 517000 5641863 5641863 PATRONAGE DIVIDENDS 221000 411794 411794 SERVICE FEES 221000 145511 145511 27818945 24026 24026 57124 0 57124 57124 57124 22488 0 22488 22488 22488 266273 261806 4467 4467 MISCELLANEOUS NON-OPERATING INCOM 221000 107258 107258 POLE ATTACHMENT INCOME 221000 26075 26075 133333 28060383 27953158 0 107225 X 675 928915 637707 1644903 270619 344164 293135 2861777 4097387 PURCHASED POWER 14147562 DISTRIBUTION EXPENSE 1396973 TAXES 699324 CONSUMER EXPENSE 498790 375176 28197107 X 752132 762249 2066356 1871535 909174 544932 1246782 1953730 467419 378336 114489500 24158975 87566413 90330525 10258328 11313936 224584 0 482572 103491188 107637815 2471181 2552361 540729 11607 78488792 80718069 0 1405051 81500702 84687088 X 0 0 0 0 21990486 22950727 21990486 22950727 103491188 107637815 X -136724 1096965 X X 0 1 X 0 0 812808 812808 4142150 985700 3156450 105387537 23111616 82275921 4147005 61659 4085346 90330525 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 7816200 C INVESTMENTS IN REGIONAL MEDIA CORPORATION 2637968 C INVESTMENTS IN ECONOMIC DEVELOPMENT PROJECTS 654501 C OTHER INVESTMENTS 205267 C 11313936 CONSUMER DEPOSITS 175945 ACCRUED TAXES 415376 ACCRUED INTEREST 315727 DEFERRED CREDITS 447340 OTHER LIABILITIES 50663 1405051 PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. PART XII, LINE 4B: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". X X 0 0 0 ALAN HARPER MANAGER OF OPERATIONS 109688 0 170 0 472 0 97881 0 27616 0 235827 0 0 0 KEVIN BROWNLEE CEO/GENERAL MANAGER (APR-DEC) 126149 0 170 0 7042 0 68711 0 18653 0 220725 0 0 0 WENDY MCADOO VP OF ADMIN AND FINANCE 132189 0 170 0 541 0 68899 0 5444 0 207243 0 0 0 MARK ANDERS AREA FOREMAN/LINEMAN 114414 0 170 0 436 0 52486 0 28927 0 196433 0 0 0 AARON YODER FOREMAN/LINEMAN 106517 0 170 0 149 0 55024 0 28739 0 190599 0 0 0 TYLER HANEY FOREMAN/LINEMAN 108921 0 170 0 132 0 39924 0 29391 0 178538 0 0 0 ALEX PINKERTON JOURNEYMAN LINEMAN 108166 0 170 0 95 0 49696 0 13180 0 171307 0 0 0 FORM 990, PART I, LINE 19: IN GENERAL, WHEN AN ELECTRIC COOPERATIVE BASES THE PATRONAGE DIVIDEND CALCULATION ON ITS NET BOOK INCOME/(LOSS), PAGE 1, PART I, LINE 19 - REVENUE LESS EXPENSES - WILL BE $0. FOR THE CURRENT YEAR, PAGE 1, PART I, LINE 19 REPORTS NET LOSS OF $136,724, WHICH IS THE EFFECT OF EQUITY METHOD INCOME/LOSS FROM THE SUBSIDIARY. THE FOLLOWING SCHEDULE IS PROVIDED TO FURTHER EXPLAIN THE IMPACT OF THIS TRANSACTION: (A) - NET INCOME ON PAGE 1, PART I, LINE 19 $ (136,724) (B) - BENEFITS PAID TO MEMBERS (I.E. PATRONAGE DIVIDENDS), PART I, LINE 14 928,915 (C) - EQUITY METHOD INCOME/LOSS FROM SUBSIDIARY 136,724 TOTAL 2022 NET MARGIN PER FINANCIAL STATEMENTS (A + B + C) $ 928,915 FORM 990, PART I, LINE 15: ON THE 2022 FORM 990, PART I, LINE 15, THE COOPERATIVE SEPARATELY STATED SALARIES AND WAGES, EMPLOYEE BENEFITS, AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM. ON THE 2021 RETURN, THE COOPERATIVE DID NOT SEPARATELY STATE THESE EXPENSES. THE 2021 RETURN IS COMPLETE AND ACCURATE, BUT THE COOPERATIVE BELIEVES BY SEPARATELY STATING THESE EXPENSES ON THE 2022 RETURN A READER OF THE FORM 990 WILL BE MORE INFORMED. FUTURE YEARS RETURNS FILED BY THE COOPERATIVE WILL SEPARATELY STATE SALARIES AND WAGES, EMPLOYEE BENEFITS, AND PAYROLL TAXES, MAKING THE COMPARISON ON PAGE 1 MORE MEANINGFUL. FORM 990, PART I, LINE 14: ON THE 2022 FORM 990, PART I, LINE 14, THE COOPERATIVE SEPARATELY STATED THE PATRONAGE CAPITAL ASSIGNED. ON THE 2021 RETURN, THE COOPERATIVE DID NOT SEPARATELY STATE THESE EXPENSES. THE 2021 RETURN IS COMPLETE AND ACCURATE, BUT THE COOPERATIVE BELIEVES BY SEPARATELY STATING THESE EXPENSES ON THE 2022 RETURN A READER OF THE FORM 990 WILL BE MORE INFORMED. FUTURE YEARS RETURNS FILED BY THE COOPERATIVE WILL SEPARATELY STATE THE PATRONAGE CAPITAL ASSIGNED MAKING THE COMPARISON ON PAGE 1 MORE MEANINGFUL. FORM 990, PART VI, SECTION A, LINE 1A THE COOPERATIVE HAS 7 BOARD MEMBERS; ALL 7 ARE ALLOWED TO VOTE. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR, THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE X, SECTION 4. FISCAL YEAR, WAS AMENDED TO STATE "THE FISCAL YEAR OF THE COOPERATIVE SHALL BEGIN ON THE 1ST DAY OF JANUARY AND END ON THE 31ST DAY OF DECEMBER." FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE THE BOARD OF DIRECTORS AND EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY. DIRECTORS AND EMPLOYEE OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USE THE EXPERTISE OF A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES. THE BOARD AND THE GENERAL MANAGER USE THE EXPERTISE OF A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT THE NATION. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. THE BYLAWS CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN, AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. FORM 990, PART VIII, LINE 2B: PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: ALTHOUGH THE COOPERATIVE IS NO LONGER A RURAL UTILITY SERVICE (RUS) BORROWER, ITS ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 THE TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 2,282,610 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (43,500) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (202,712) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 76,660 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,053,413 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 456,364 TOTAL WAGES ACCRUED AND/OR PAID $ 3,622,835 FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2022 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL $ 212,643 POWER PRODUCTION EXPENSE 111,377 TRANSMISSION 483 SALES EXPENSE AND OTHER 50,673 TOTAL OTHER EXPENSES PER FORM 990, PART IX $ 375,176 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ASSIGNABLE 928,915. EQUITY METHOD INCOME/(LOSS) FROM SUBSIDIARY 136,724. UNCLAIMED CAPITAL CREDIT RETAINED PER STATE LAW 77,085. PATRONAGE CAPITAL RETIRED - DISCOUNT 37,535. PATRONAGE CAPITAL RETIRED - TOTAL -83,294. REGIONAL MEDIA CORPORATION 216 S VINE ST EL DORADO KS 67042 481043304 BROADBAND SERVICES KS BUTLER RURAL ELECTRIC COOPERATIVE ASSOCIATION C 3408861 3064146 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 REGIONAL MEDIA CORPORATION N N/A - LESS THAN $50,000 REGIONAL MEDIA CORPORATION O N/A - LESS THAN $50,000 REGIONAL MEDIA CORPORATION P 2914524 INTERCOMPANY PAYMENTS