2022-10-20T14:18:16-04:00 2022-06-30 621874228 WARRENJACKSON CPAS PLLC 606 S MAIN STE C SWEETWATER TN 378742731 990 2021-07-01 620204106 FORT LOUDOUN ELECTRIC COOPERATIVE FORT 8773532674 PO BOX 1030 VONORE TN 37885 MICHAEL C WEBB CFO 8773532674 2022-10-05 true MICHAEL WEBB 999009999 DERRICK NELSON EA P00931633 4233375003 2022-10-17 2021 2022-09-23 18:48:47Z JOHN LOOPE PO BOX 1030 VONORE TN 37885 78018247 false X WWW.FLEC.ORG X COOPERATIVE 1940 TN PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON AND BLOUNT COUNTIES IN EAST TENNESSEE. 8 0 87 0 0 71652819 77616131 114086 88462 274397 313654 72041302 78018247 0 0 0 0 0 67033171 72927655 67033171 72927655 5008131 5090592 106854090 113234004 17826960 19069157 89027130 94164847 PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON AND BLOUNT COUNTIES IN EAST TENNESSEE. false false PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON AND BLOUNT COUNTIES IN EAST TENNESSEE. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 56 0 87 true false false false false false 75155129 2863118 false false false X 8 0 false false false false true true true true true false false true true false false true true true true false X MICHAEL C WEBB 8773532674 PO BOX 1030 VONORE TN 37885 JOHN LOOPE PRESIDENT 2.00 X X 8910 0 0 MICHAEL WIGGINS VICE-PRESIDE 2.00 X X 7800 0 0 ANGELA TALLENT SECRETARY/TR 2.00 X X 7050 0 0 VERNON DAVIS DIRECTOR 2.00 X 6900 0 0 SHIRLEY HALL DIRECTOR 2.00 X 5175 0 0 LEWIS JONES DIRECTOR 2.00 X 7500 0 0 JAMES R PUGH DIRECTOR 2.00 X 8400 0 0 DENNY STEPHENS DIRECTOR 2.00 X 9300 0 0 BEN WARD DIRECTOR 2.00 X 675 0 0 JARROD BRACKETT CEO 55.00 X 181514 0 35437 MICHAEL C WEBB CFO 50.00 X 150434 0 30323 CHAD KIRKPATRICK VP OPERATION 50.00 X 147124 0 32386 LISA LINGERFELT VP OF HUMAN 50.00 X 110086 0 26921 SHANE SCHAFFER SPVR/CORR-EN 59.00 X 158687 0 29987 PHILLIP TEAGUE FOREMAN 50.00 X 127865 0 23579 MATTHEW MATOY FOREMAN 50.00 X 137798 0 15160 ROBERT HUNT LINEMAN 62.00 X 127148 0 19368 ERIC GIBSON FOREMAN 57.00 X 122001 0 20097 1324367 233258 22 false true false STRICKLAND TREE SERVICE 904 STINNETT RD MADISONVILLE TN 37354 TREE CUTTING 1704599 SERVICE ELECTRIC COMPANY PO BOX 277790 ATLANTA GA 30384 LINE CREW CONTR 1170673 BRIAN COADA 798 JONES DRIVE GREENBACK TN 37742 URD CONTRACTOR 584336 MCCLURES COMMUNICATIONS 1404 ROWLAND HILL RD MARBLE NC 28905 FIBER CONNECT 421794 USIC HOLDING INC PO BOX 715409 CINCINNATI OH 45271 LOCATION CONTRA 140954 5 ELECTRIC SALES REVENUE 75155129 75155129 RENT FROM ELECTRIC PROPERTY 1759578 1759578 MISCELLANEOUS 380375 380375 REVENUE FROM LATE PAYMENTS 321049 321049 77616131 88462 88462 FIBER OPTIC ACCESS RENTAL 267397 267397 MISCELLANEOUS INCOME 46257 46257 313654 78018247 75902810 2115437 148377 5822700 POWER COSTS 54869255 MAINT-OVERHEAD LINES 3784587 OPER-DISTRIBUTION EXP 2006912 DISTRIBUTION-GENERAL 1613612 4682212 72927655 0 0 0 856587 639762 13222713 16060602 3732643 4295188 430727 221189 1646190 2396230 154874848 70848099 82040686 84026749 1057797 1123524 3866747 4470760 106854090 113234004 7859516 9490500 3560972 3126638 6406472 6452019 17826960 19069157 X 89027130 94164847 89027130 94164847 106854090 113234004 X 5090592 47125 X false true X true false 1431969 1431969 3101175 798079 2303096 137628645 62881800 74746845 11424816 7168220 4256596 1288243 1288243 84026749 CUSTOMER DEPOSITS 2207882 ACCRUED POST RETIREMENT BENEFITS OBL 1355810 ADVANCES FOR CONSTRUCTION-REFUNDABLE 1248774 ACCRUED VACATION-SICK LEAVE 742412 PROPERTY TAXES ACCRUED 426633 ADVANCE FROM TVA-HOME ENERGY PROGRAM 209473 MEMBERSHIPS 174106 OTHER CURRENT LIABILITIES 86929 6452019 78018247 78018247 78018247 72927655 72927655 72927655 false false false JARROD BRACKETT CEO 181514 35437 216951 MICHAEL C WEBB CFO 150434 30323 180757 CHAD KIRKPATRICK VP OPERATIONS 147124 32386 179510 SHANE SCHAFFER SPVR/CORR-ENG SERV 158687 29987 188674 PHILLIP TEAGUE FOREMAN 127865 23579 151444 MATTHEW MATOY FOREMAN 137798 15160 152958 FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE IS A MEMBERSHIP ORGANIZTION. FORM 990, PAGE 6, PART VI, LINE 7A ELECTIONS ARE HELD EACH YEAR IN WHICH THE MEMBERS ELECT THE GOVERNING BOARD. THE ELECTED OFFICIAL SERVES FOR A THREE YEAR TERM. TERMS ARE STAGGERED SO THAT EITHER TWO OR THREE MEMEBERS ARE ELECTED EACH YEAR. THE SERVICE AREA OF THE UTILITY IS DIVIDED INTO DISTRICTS, EACH OF THE EIGHT DISTRICTS ELECTING ONE REPRESENTATIVE TO SERVE THE MEMBERS IN THAT DISTRICT. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE BYLAWS APPROVED BY THE BOARD OF DIRECTORS MUST THEN BE RATIFIED BY THE ORGANIZATION'S MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A DRAFT IS PROVIDED TO THE ORGANIZATION'S ACCOUNTING STAFF AND CEO FOR REVIEW. UPON FINAL APPROVAL OF THE CEO AND ACCOUNTING STAFF, THE FINAL RETURN IS PRESENTED TO THE GOVERNING BODY WHO APPROVES THE 990 FOR FILING. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION USES FEDERAL, STATE AND REGIONAL COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE CEO. THE CEO'S COMPENSATION IS THEN SET AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B FEDERAL, STATE AND REGIONAL COMPARABILITY DATA IS USED TO ESTABLISH COMPENSATION FOR KEY AND OTHER EMPLOYEES. THE CEO APPROVES ALL COMPENSATION WHICH IS USED TO PREPARE THE ORGANIZATION'S ANNUAL BUDGET. THE BUDGET IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 NEW MEMBERS ARE PROVIDED WITH A COPY OF THE BYLAWS OF THE ORGANIZATION. IN ADDITION, ANY MEMBER MAY REQUEST A COPY OF THE BYLAWS AT ANY TIME. OTHER POLICY STATEMENTS, FINANCIAL STATEMENTS, OR OTHER DOCUMENTS CAN BE REQUESTED FROM THE ORGANIZAITON'S CEO AND IS RELEASED AT THE APPROVAL OF THE CEO. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN ON POST EMPLOYMENT BENEFITS 49,016 AMORTIZATION OF ACTUARIAL GAIN OF POST EMP BENEFIT -1,891 TOTAL 47,125