2023-11-15T22:15:14-06:00 2022-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2022-01-01 440378635 OSAGE VALLEY ELECTRIC COOPERATIVE ASSOCIATION OSAG 6606793131 PO BOX 470 BUTLER MO 64730 JARROD CAMPBELL GENERAL MANAGER/CEO 6606793131 2023-11-15 1 JARROD CAMPBELL 999009999 0 WILLIAM M MILLER P00439459 8067473806 2023-11-15 X 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JARROD CAMPBELL PO BOX 470 BUTLER MO 64730 41946631 0 X WWW.OSAGEVALLEY.COM X 1938 MO TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. 9 9 53 0 999252 0 0 0 37916837 40596806 110540 250353 2351 1084407 38029728 41931566 0 9765 3522521 3912968 5590422 5322322 0 0 0 28916785 32686511 38029728 41931566 0 0 105740013 144268357 58321152 93831037 47418861 50437320 COMMITTED TO PROVIDING SAFE, RELIABLE AND AFFORDABLE ELECTRIC SERVICE IN AN EFFORT TO IMPROVE THE QUALITY OF LIFE AND THE COMMUNITIES OF OUR MEMBERS. THE COOPERATIVE WILL ACCOMPLISH THIS MISSION BY FOLLOWING THE SEVEN COOPERATIVE PRINCIPLES. 0 0 SALES OF ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 17,473 ACTIVE SERVICES AT YEAR END. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 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 1 1 0 0 1 65 0 53 1 1 1 0 0 0 0 40115410 1929614 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X MATTHEW SHARP CFO 6606793131 PO BOX 470 BUTLER MO 64730 X CHELLE BLACK SECRETARY/TREASURER 8.00 X X 26227 0 0 DARRELL DAINS DIRECTOR 8.00 X 21503 0 0 RONALD STEUCK PRESIDENT 15.00 X X 29445 0 0 DAVID RAPP 2ND VICE PRESIDENT 8.00 X X 15275 0 0 GERALD STEPHAN 1ST VICE PRESIDENT 8.00 X X 27545 0 0 PD KIRCHER DIRECTOR 8.00 X 28541 0 0 RICHARD WIRSIG ASSISTANT SECRETARY/TREASURER 8.00 X X 28245 0 0 RAY HEUSER DIRECTOR 8.00 X 28243 0 0 PAUL ROSS DIRECTOR 8.00 X 28241 0 0 JARROD CAMPBELL CEO/GENERAL MANAGER 40.00 X 234998 0 233948 MATTHEW SHARP CFO 40.00 X 122706 0 67061 JAMES NISSEN FOREMAN 40.00 X 127539 0 85808 MICHAEL MASTEN BUTLER OPERATIONS MANAGER 40.00 X 126847 0 98566 TREVON RILEY ENGINEER 40.00 X 123651 0 45537 CLINTON BENNETT FOREMAN 45.40 X 122440 0 99475 STETSON SHIRKY FOREMAN 40.00 X 120539 0 56301 1211985 0 686696 27 0 1 0 ERVIN CABLE CONSTRUCTION LLC PO BOX 932157 ATLANTA GA 31193 FIBER CONSTRUCTION 9505094 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL RD COLUMBIA MS 39429 MAKE READY CONSTRUCTION 4877359 ASPLUNDH TREE EXPERT CO INC PO BOX 827464 PHILADELPHIA PA 19182 ROW CLEARING 3460997 CONEXON LLC 2001 GRAND BLVD STE 700 KANSAS CITY MO 64108 FIBER PROJECT MANAGEMENT/DESIGN/SPLICING 3261914 BENTON TECHNICAL SERVICES INC 520 8TH AVE SOUTH WILMINGTON IL 60474 FIBER DROP CONTRACTOR 1040434 14 X SALES OF ELECTRICITY 221000 39188097 39188097 PATRONAGE DIVIDENDS 221000 1328442 1328442 OTHER PROGRAM REVENUE 221000 80267 80267 40596806 55568 55568 202815 8030 194785 194785 194785 8624 7035 1589 -117 1706 FIBER LEASE REVENUE 517000 997546 997546 POLE ATTACHMENT INCOME 221000 85272 85272 1082818 41931566 40791474 999252 140840 X 9765 3912968 891978 2948759 529098 739401 213086 2632399 3249985 PURCHASED POWER 18881411 DISTRIBUTION EXPENSE 5414645 ADMINISTRATIVE & GENERA 1296619 TAXES 726498 484954 41931566 634366 1281691 3319745 4391608 4471229 10438459 961025 177440 133542672 26950771 76654164 106591901 19699484 20547486 0 839772 105740013 144268357 4053386 7613596 48120412 84362457 3250000 2897354 1854984 58321152 93831037 X 267420 269750 0 0 47151441 50167570 47418861 50437320 105740013 144268357 X 0 3018459 X X 0 0 0 1500 1500 1500 1 ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES POLITICAL ACTION COMMITTEE 2722 EAST MCCARTY STREET JEFFERSON CITY MO 65101 431441879 1500 0 PART I-A, LINE 1: THE COOPERATIVE DONATES ANNUALLY TO THE ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES POLITICAL ACTION COMMITTEE (AMECPAC). AMECPAC USES THE FUNDS TO SUPPORT CANDIDATES AND ELECTED OFFICIALS THAT ARE WORKING ON BEHALF OF THE COOPERATIVE SYSTEMS IN THE MISSOURI STATE GOVERNMENT. 297135 297135 1363052 1168282 194770 104725681 25528057 79197624 27156804 254432 26902372 106591901 SPECIAL FUNDS 50610 C PATRONAGE CAPITAL - KAMO POWER 17916506 C PATRONAGE CAPITAL - CFC 1626077 C PATRONAGE CAPITAL - ARKANSAS ELECTRIC COOPERATIVE 649541 C OTHER INVESTMENTS IN ASSOCIATED ORGANIZAITONS 296911 C INVESTMENT IN A-PRIME 7841 C 20547486 CONSUMER DEPOSITS 469627 DEFERRED CREDITS 1314039 UNINVOICED MATERIAL 71318 1854984 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. X X X 0 0 0 JARROD CAMPBELL CEO/GENERAL MANAGER 229007 0 3801 0 2190 0 197846 0 36102 0 468946 0 0 0 MICHAEL MASTEN BUTLER OPERATIONS MANAGER 123740 0 2197 0 910 0 81364 0 17202 0 225413 0 0 0 CLINTON BENNETT FOREMAN 120096 0 1845 0 499 0 65204 0 34271 0 221915 0 0 0 JAMES NISSEN FOREMAN 125442 0 1771 0 326 0 54969 0 30839 0 213347 0 0 0 MATTHEW SHARP CFO 120161 0 2163 0 382 0 32367 0 34694 0 189767 0 0 0 STETSON SHIRKY FOREMAN 118513 0 1783 0 243 0 33529 0 22772 0 176840 0 0 0 TREVON RILEY ENGINEER 121176 0 2163 0 312 0 28208 0 17329 0 169188 0 0 0 PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. JARROD CAMPBELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $186,041 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,805 TOTAL REPORTED IN COLUMN C $197,846 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (186,041) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 73,232 EXPENSE TO THE COOPERATIVE $ 85,037 MICHAEL MASTEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 74,960 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,404 TOTAL REPORTED IN COLUMN C $ 81,364 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (74,960) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 39,717 EXPENSE TO THE COOPERATIVE $ 46,121 CLINTON BENNETT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 65,204 EMPLOYER CONTRIBUTION TO 401(K) PLAN -0- TOTAL REPORTED IN COLUMN C $ 65,204 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (65,204) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 30,066 EXPENSE TO THE COOPERATIVE $ 30,066 JAMES NISSEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 54,969 EMPLOYER CONTRIBUTION TO 401(K) PLAN -0- TOTAL REPORTED IN COLUMN C $ 54,969 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (54,969) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 27,645 EXPENSE TO THE COOPERATIVE $ 27,645 MATTHEW SHARP: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 26,086 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,281 TOTAL REPORTED IN COLUMN C $ 32,367 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (26,086) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 28,596 EXPENSE TO THE COOPERATIVE $ 34,877 STETSON SHIRKY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 33,529 EMPLOYER CONTRIBUTION TO 401(K) PLAN -0- TOTAL REPORTED IN COLUMN C $ 33,529 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (33,529) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 28,840 EXPENSE TO THE COOPERATIVE $ 28,840 TREVON RILEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 21,927 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,281 TOTAL REPORTED IN COLUMN C $ 28,208 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (21,927) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 28,596 EXPENSE TO THE COOPERATIVE $ 34,877 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 DIRECTORS. 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 A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". 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. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE IS PROVIDED A PERSONNEL POLICY MANUAL AND EACH DIRECTOR IS PROVIDED A BOARD POLICY MANUAL THAT INCLUDES THE CONFLICT OF INTEREST POLICY FOR ALL EMPLOYEES AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S CEO/GENERAL MANAGER. THE BOARD AND THE GENERAL MANAGER USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF 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 PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY ANY SUCH DOCUMENT. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS 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 AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE 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: THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED BY THE FEDERAL REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE THE RURAL UTILITIES SERVICE (RUS). THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARETLY STATES 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 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 3,840,737 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (233,265) LESS: EMPLOYEE OFFICER BENEFITS REPORTED ON LINE 5 (301,009) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,246,516 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 347,660 TOTAL WAGES ACCRUED AND/OR PAID $ 4,900,639 FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CONSUMER EXPENSE $ 410,219 SALES 62,834 OTHER DEDUCTIONS 11,901 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 484,954 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 COOPERATIVE'S 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 990REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART IX, LINE 1: ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. EACH GRANT, SPONSORSHIP, AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II. FORM 990, PART IX, LINE 24: AMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 1,365,395 OFFICE SUPPLIES 81,089 OUTSIDE SERVICES 139,207 INJURIES AND DAMAGES 324 EMPLOYEE BENEFITS 467,123 MISCELLANEOUS GENERAL 56,914 DIRECTORS 259,588 DUES AND SUBSCRIPTIONS 52,065 MAINTENANCE OF GENERAL PLANT 677,494 ADVERTISING 107,691 ANNUAL MEETING 63,116 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 3,270,006 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (233,265) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,130,593) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (609,529) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,296,619 FORM 990, PART XI, LINE 9: DONATED CAPITAL 173,026. NET CHANGE IN MEMBERSHIPS 2,330. OCI - PENSION & BENEFITS 149,730. UNCLAIMED CAPITAL CREDITS -27,288. PATRONAGE CAPITAL ASSIGNABLE 3,912,968. PATRONAGE CAPITAL RETIRED - TOTAL -1,272,151. PATRONAGE CAPITAL RETIRED - DISCOUNT 79,844. FORM 990, PART XII, LINE 2B: AUDITED FINANCIAL STATEMENTS WERE PREPARED BY AN INDEPENDENT ACCOUNTANT FOR THE COOPERATIVE'S FINANCIAL STATEMENT AUDIT YEAR-END OF JUNE 30TH. THE TAX RETURN HAS BEEN AND CONTINUES TO BE PREPARED BASED ON A CALENDAR TAX YEAR-END OF DECEMBER 31. THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. OSAGE VALLEY ELECTRIC COMMUNITY TRUST PO BOX 470 BUTLER MO 64730 431636719 COMMUNITY ASSISTANCE MO 501(C)(3) LINE 7 OSAGE VALLEY ELECTRIC COOPERATIVE 1 OSAGE VALLEY TECHNOLOGIES LLC PO BOX 470 BUTLER MO 64730 141876332 TELECOMMUNICATIONS MO OSAGE VALLEY ELECTRIC COOPEATIVE ASSOCIATION C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OSAGE VALLEY TECHNOLOGIES LLC N N/A - LESS THAN $50,000 OSAGE VALLEY TECHNOLOGIES LLC O N/A - LESS THAN $50,000 OSAGE VALLEY ELECTRIC COMMUNITY TRUST N N/A - LESS THAN $50,000 OSAGE VALLEY ELECTRIC COMMUNITY TRUST O N/A - LESS THAN $50,000