2022-11-15T23:13:09-06:00 2021-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2021-01-01 480532188 WHEATLAND ELECTRIC COOPERATIVE INC WHEA 6208725885 PO BOX 230 SCOTT CITY KS 67871 TRACI GODDARD DIRECTOR OF FINANCE 6208725885 2022-11-15 1 TRACI GODDARD 999009999 WILLIAM M MILLER P00439459 8067473806 2022-11-15 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRUCE W MUELLER PO BOX 230 SCOTT CITY KS 67871 141029262 0 X WWW.WECI.NET X 1948 KS TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. 10 10 147 0 0 0 0 0 97644678 122620188 -706601 12944563 -24712 -60189 96913365 135504562 37891 40691 3566009 10469034 12145340 12584693 0 0 0 80726519 103359363 96475759 126453781 437606 9050781 383185296 396291837 261090247 255559843 122095049 140731994 X DELIVERING ENERGY FOR LIFE. 0 1 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 32,785 ACTIVE SERVICES AT YEAR END. PROVIDING WATER DISTRIBUTION CONTRACTS TO CUSTOMERS IN FINNEY AND KEARNY COUNTIES. SERVICES ARE PROVIDED ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 74 0 147 1 0 0 0 0 0 0 0 112070206 12958434 0 0 0 X 10 10 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X RADONA SMYTHE DIRECTOR OF FINANCE 6208725885 PO BOX 230 SCOTT CITY KS 67871 STACEY ADDISON SECRETARY 8.00 X X 25469 0 0 MARK ARNOLD TREASURER 7.90 X X 33583 0 0 WILLIAM BARNES PRESIDENT 13.80 X X 37002 0 0 DAN BONINE TRUSTEE (JAN-SEPT) 7.00 X 15573 0 0 WESLEY CAMPBELL TRUSTEE 3.20 X 24614 0 0 KATHLEEN EISENHOUR VICE PRESIDENT 7.70 X X 24737 0 0 ROBERT HISS TRUSTEE 3.50 X 22781 0 0 JOHN KLEYSTEUBER TRUSTEE 3.00 X 20841 0 0 JOHN SULLIVAN TRUSTEE (OCT-DEC) 4.00 X 4023 0 0 MIKE THON TRUSTEE 3.00 X 20268 0 0 JOSHUA YOUNG TRUSTEE 3.80 X 25113 0 0 BRUCE MUELLER GENERAL MANAGER 60.00 X 456036 0 231048 HERBERT O GREBE III ASSISTANT GENERAL MANAGER 48.00 X 254234 0 109838 RADONA AYERS DIRECTOR OF FINANCE 55.00 X 225920 0 126685 TRACI GODDARD DIRECTOR OF FINANCE 47.00 X 126122 0 33586 PAMELA BRUNGARDT DIRECTOR OF CONSUMER SERVICES 45.00 X 173410 0 131040 JEVIN KASSELMAN DIRECTOR OF BROADBAND/IT 55.00 X 206549 0 122722 BARBARA KIRK DIRECTOR OF HUMAN RESOURCES 45.00 X 161790 0 120701 RICK KLAUS DIRECTOR OF OPERATIONS 55.00 X 212112 0 172137 JAMES MCVAY GENERAL COUNSEL 52.00 X 305973 0 119176 LUCAS WEST DIR. OF CORP SERVICES/WATER DIVISION 50.00 X 152545 0 70510 KELLEY BURCH AREA WIDE SUPERVISOR 48.00 X 139906 0 79146 RANDY COLEMAN DISTRICT MANAGER 40.00 X 150340 0 134817 CHRIS HUBER DISTRICT MANAGER 40.00 X 162216 0 83849 CURTIS PETERSON DISTRICT MANAGER 40.00 X 144570 0 106408 DENZIL REED DISTRICT MANAGER 40.00 X 146127 0 85750 3271854 0 1727413 69 0 1 0 MARTIN K EBY CONSTRUCTION INC 2525 E 36TH CIRCLE N WICHITA KS 67219 CONSTRUCTION CONTRACTOR 3965014 RECON COMPANY 12 NORTHEAST 52ND OKLAHOMA CITY OK 73105 CONSTRUCTION CONTRACTOR 741091 BRINK CONSTRUCTORS INC PO BOX 842596 DALLAS TX 75284 CONSTRUCTION CONTRACTOR 587784 SOLIDA TREE SERVICE INC PO BOX 421 PHILLIPSBURG KS 67661 CONSTRUCTION CONTRACTOR 503323 NISC ONE INNOVATIVE CIRCLE LAKE SAINT LOUIS MO 63367 SOFTWARE AND OTHER SERVICES 480357 11 SALES OF ELECTRICITY 221000 106758838 106758838 PATRONAGE DIVIDENDS 221000 8297369 8297369 WATER CONTRACTS 221000 3924190 3924190 WIRELESS INTERNET 221000 2640155 2640155 LEASED PLANT REVENUE 221000 516764 516764 482872 482872 122620188 450600 450600 17723487 5229524 12493963 12493963 12493963 136932 295176 -158244 -158244 POLE ATTACHMENT INCOME 221000 98055 98055 98055 135504562 134955907 0 548655 X 39441 1250 10469034 3766138 6399141 518003 1366450 534961 8414595 12382430 PURCHASED POWER 69475729 OPERATING TAXES 3965247 ADMIN & GENERAL EXPENSE 3796614 DISTRIBUTION EXPENSE 2672822 2651926 126453781 2287084 7091269 105248 105331 2169914 9618921 4048189 3541032 2974022 3248886 6780336 3716720 374635898 109187606 269016712 265448292 89034101 93734165 6769690 9787221 383185296 396291837 11159458 10733762 245429383 240654119 4501406 4171962 261090247 255559843 X 0 0 0 0 122095049 140731994 122095049 140731994 383185296 396291837 X 9050781 9586164 X X 0 1 X 0 0 17251663 17251663 14412555 1543527 12869028 332405625 107866298 224539327 10566055 -222219 10788274 265448292 PATRONAGE CAPITAL-COBANK 299405 C PATRONAGE CAPITAL-SPC 79672982 C DONATED CAPITAL - SPC 2380530 C PATRONAGE CAPITAL-CFC 5516674 C PATRONAGE CAPITAL-KEC 128340 C PATRONAGE CAPITAL-FREIE 702329 C PATRONAGE CAPITAL-NISC 134390 C PATRONAGE CAPITAL-PEC 350157 C PATRONAGE CAPITAL-OTHER 151807 C CAPITAL TERM CERTIFICATES 4397551 C 93734165 CONSUMER DEPOSITS AND PREPAYMENTS 1388076 ACCRUED OPERATING TAXES 1874639 DEFERRED CREDITS - ADVANCES FOR CONTRUCTION 59582 DEFERRED CREDITS - OTHER 624216 OTHER LIABILITIES 225449 4171962 X 134201282 0 134201282 1303280 1303280 135504562 114681467 0 114681467 11772314 11772314 126453781 PART X, LINE 2: THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF NON-OPERATING EXPENSE 1,303,280. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 10,469,034. RECLASSIFICATION OF NON-OPERATING EXPENSE 1,303,280. 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. 0 SCOTT COMMUNITY FOUNDATION 210 W 14TH ST SCOTT CITY KS 67871 480995697 501(C)(3) 10000 0 SHARING SUCCESS FUND PART II: 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. X 0 0 X X 0 1 0 BRUCE MUELLER GENERAL MANAGER 396701 0 300 0 59035 0 205422 0 25626 0 687084 0 0 0 JAMES MCVAY GENERAL COUNSEL 240941 0 36050 0 28982 0 91268 0 27908 0 425149 0 0 0 RICK KLAUS DIRECTOR OF OPERATIONS 172285 0 10496 0 29331 0 150680 0 21457 0 384249 0 0 0 HERBERT O GREBE III ASSISTANT GENERAL MANAGER 230969 0 7387 0 15878 0 85783 0 24055 0 364072 0 0 0 RADONA AYERS DIRECTOR OF FINANCE 193998 0 330 0 31592 0 114338 0 12347 0 352605 0 0 0 JEVIN KASSELMAN DIRECTOR OF BROADBAND/IT 172407 0 7397 0 26745 0 90209 0 32513 0 329271 0 0 0 PAMELA BRUNGARDT DIRECTOR OF CONSUMER SERVICES 155723 0 330 0 17357 0 109650 0 21390 0 304450 0 0 0 RANDY COLEMAN DISTRICT MANAGER 122270 0 5515 0 22555 0 113519 0 21298 0 285157 0 0 0 BARBARA KIRK DIRECTOR OF HUMAN RESOURCES 137825 0 3624 0 20341 0 97963 0 22738 0 282491 0 0 0 CURTIS PETERSON DISTRICT MANAGER 120915 0 9295 0 14360 0 74624 0 31784 0 250978 0 0 0 CHRIS HUBER DISTRICT MANAGER 139382 0 7790 0 15044 0 63882 0 19967 0 246065 0 0 0 DENZIL REED DISTRICT MANAGER 124288 0 740 0 21099 0 65996 0 19754 0 231877 0 0 0 LUCAS WEST DIR. OF CORP SERVICES/WATER DIVISION 137780 0 5180 0 9585 0 39983 0 30527 0 223055 0 0 0 KELLEY BURCH AREA WIDE SUPERVISOR 125079 0 8094 0 6733 0 51800 0 27346 0 219052 0 0 0 TRACI GODDARD DIRECTOR OF FINANCE 124678 0 410 0 1034 0 26854 0 6732 0 159708 0 0 0 PART I, LINE 1A THE COOPERATIVE WILL PAY 100% OF GYM MEMBERSHIP FEES FOR ALL EMPLOYEES. PART I, LINE 4B BRUCE MUELLER PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION (NQDC) RETIREMENT PLAN. BENEFITS UNDER THE PLAN WERE ACCRUED BUT NOT PAID DURING THE YEAR. FORM 990, PART III, LINE 3 THE COOPERATIVE SOLD THE BROADBAND DIVISION AND NO LONGER PROVIDES INTERNET SERVICES. FORM 990, PART VI, SECTION A, LINE 2 BRUCE MUELLER (GM) AND WESLEY CAMPBELL (TRUSTEE) SERVED ON THE BOARD OF SUNFLOWER ELECTRIC POWER CORPORATION AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. 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 WITH ANOTHER COOPERATIVE 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 AND PAID PREPARER REVIEW DRAFTS OF FORM 990 PRIOR TO E-FILING. BOARD REVIEWS ANNUAL FILINGS AT MONTHLY MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. EACH EMPLOYEE AND BOARD MEMBER ARE REQUIRED TO BE FAMILIAR WITH THE POLICY AND DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD OF TRUSTEES AND A COMPENSATION COMMITTEE REVIEW AND EVALUATE THE GENERAL MANAGER'S PERFORMANCE AND ESTABLISH A COMPENSATION LEVEL. THE GENERAL MANAGER REVIEWS A COMPENSATION SURVEY AND EVALUATES PERFORMANCE OF ALL OTHER STAFF AND ESTABLISHES COMPENSATION LEVELS IN ACCORDANCE WITH BUDGETED AMOUNTS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX: ALTHOUGH THE COOPERATIVE IS NO LONGER A RURAL UTILITIES 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 ITS 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 $10,139,406 LESS: TRUSTEE FEES REPORTED ON FORMS 1099-NEC (254,004) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (489,519) LESS: KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (722,051) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 122,014 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 4,611,615 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 616,300 TOTAL WAGES ACCRUED AND OR PAID $14,023,761 FORM 990, PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 6,215,080 OFFICE SUPPLIES 1,044,272 COMPUTERS/IT 1,435,621 OUTSIDE SERVICES 274,627 INSURANCES 345,703 REGULATORY COMMISSION 4,609 DIRECTORS 346,176 MAINTENANCE OF GENERAL PLANT 220,047 MISCELLANEOUS GENERAL 249,262 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $10,135,397 LESS: RECLASS OF RENTAL EXPENSE & DONATIONS (8,400) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (254,004) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (4,274,335) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (1,802,044) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 3,796,614 FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE 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 PATRONAGE DIVIDEND REPORTED AS AN EXPENSE ON PART IX, LINE 4 IN THE AMOUNT OF $10,469,034 IS BASED ON THE NET MARGINS FROM THE PROVISION OF ELECTRIC ENERGY. THIS AMOUNT IS ALLOCATED TO THE 2021 PATRONS BASED ON 2021 PATRONAGE. IT IS DETERMINED ON AN ACCRUAL BASIS AND EXCLUSIVE OF THE PATRONAGE CAPITAL ALLOCATED FROM THE POWER SUPPLY COOPERATIVE. ALTHOUGH THE PATRONAGE CAPITAL ALLOCATED BY THE POWER SUPPLIER IS DIRECTLY RELATED TO THE NET MARGINS FROM THE PROVISION OF ELECTRIC ENERGY, AS NOTED BELOW, SUCH AMOUNTS ARE ALLOCATED WHEN THE CASH REDEMPTION IS RECEIVED. THE BYLAWS OF THE COOPERATIVE AUTHORIZE THE BOARD OF DIRECTORS TO ADOPT POLICIES REGARDING THE SEPARATE ALLOCATION AND REDEMPTION OF THE PATRONAGE CAPITAL ALLOCATED TO IT FROM THE POWER SUPPLIER. PURSUANT TO APPLICABLE POLICIES, THE POWER SUPPLY RELATED PATRONAGE CAPITAL IS ALLOCATED ON A TAX BASIS (I.E. WHEN REDEEMED BY THE POWER SUPPLIER AND RECEIVED IN CASH BY THE COOPERATIVE). THE AMOUNTS RECEIVED ARE THEN SUBSEQUENTLY ALLOCATED BY THE COOPERATIVE TO ITS PATRONS FOR THE YEARS BEING REDEEMED BY THE POWER SUPPLIER. BY TAKING THIS APPROACH, THE COOPERATIVE'S PATRONS WHO PAID FOR THE RESPECTIVE POWER RECEIVE THE ALLOCATION. ACCORDINGLY, THIS ALLOCATION METHODOLOGY IS CONSISTENTLY APPLIED AND EQUITABLE TO THE PATRONS. DURING 2021, THE COOPERATIVE RECEIVED $2,498,436 FROM THE POWER SUPPLIER FOR PRIOR YEARS AND HAS SUBSEQUENTLY ALLOCATED THIS AMOUNT TO THE PATRONS OF, AND ON THE BASIS OF PATRONAGE FOR, APPLICABLE PRIOR YEARS. ALTHOUGH THE TOTAL PATRONAGE DIVIDEND ALLOCATED TO THE PATRONS IS $12,967,470(I.E. $10,469,034 OF ACCRUAL BASIS NET MARGRINS FROM THE PROVISION OF ELECTRIC ENERGY PLUS $2,498,436 IN PATRONAGE CAPITAL REDEMPTIONS RECEIVED FROM THE POWER SUPPLIER), THE TAX BASIS AMOUNT IS ONLY BEING DISCLOSED DUE TO DIFFERENCES IN THE TIME BETWEEN WHEN THE COOPERTIVE IS ALLOCATED PATRONAGE CAPITAL BY AND WHEN IT RECEIVES A REDEMPTION OF PATRONAGE CAPITAL FROM THE POWER SUPPLIER. FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: TRANSMISSION $ 30,763 NON-UTILITY EXPENSE 24,344 WIRELESS EXPENSE 35,822 SALES EXPENSE 317,811 WATER EXPENSE 1,211,514 CUSTOMER ACCOUNTS 791,341 CUSTOMER SERVICE & INFORMATION 170,331 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 2,651,926 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 10,469,034. PATRONAGE CAPITAL RETIRED - TOTAL -1,152,301. PATRONAGE CAPITAL RETIRED - DISCOUNT 22,554. DONATED CAPITAL - NET CHANGE -7,577. UNCLAIMED PROPERTY 254,454. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR.