2021-08-31T09:30:31-05:00 2020-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2020-01-01 460200495 UNION COUNTY ELECTRIC COOPERATIVE INC UNIO 6053563395 PO BOX 459 ELK POINT SD 570250459 MATT KLEIN GENERAL MANAGER 6053563395 2021-08-05 1 MATT KLEIN 999009999 LAURIE HANSON CPA P00851848 6053391999 2021-08-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DONALD SCHURDEVIN PO BOX 459 ELK POINT SD 570250459 4573728 0 X WWW.UNIONCOUNTY.COOP X 1937 SD PROVIDING HIGH VALUE ENERGY TO MEMBERS - ELECTRIC DISTRIBUTION UTILITY. 5 5 11 0 0 0 0 0 4476140 4480562 28613 29506 -2131 -2875 4502622 4507193 1645 6730 428588 428588 851227 929750 0 0 0 3221162 3175805 4502622 4540873 0 -33680 13589593 13787327 8409379 8430733 5180214 5356594 UNION COUNTY ELECTRIC COOPERATIVE EXISTS TO PROVIDE HIGH VALUE ENERGY TO OUR MEMBERS BY FOCUSING ON DELIVERING SAFE, RELIABLE, ENVIRONMENTALLY FRIENDLY ELECTRICITY WHILE PROMOTING ENERGY EFFICIENCY THROUGH EDUCATION. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,187 MEMBERS AND INCREASED MILES OF LINE BY .74 MILES. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 11 1 0 0 0 0 0 4411850 29506 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 X AMANDA ADAMS 6053563395 122 WEST MAIN STREET ELK POINT SD 570250459 X MATT KLEIN GENERAL MANAGER 50.00 0.00 X 127553 0 44036 WILLIAM DAILEY ASSISTANT SECRETARY 2.00 0.00 X X 4200 0 0 EDWARD DONNELLY SECRETARY 2.00 0.00 X X 4000 0 0 PAUL PEACOCK TREASURER 2.00 0.00 X X 4000 0 0 DONALD GRAY VICE PRESIDENT 4.00 0.00 X X 4000 0 0 DON SCHURDEVIN PRESIDENT 5.00 0.00 X X 3400 0 0 147153 0 44036 1 0 0 0 DAVES CONSTRUCTION 5104 N HARVESTORE RD SIOUX FALLS SD 57107 TRENCHING / BORING 1193602 1 SALE OF POWER 221000 4308485 4308485 CAPITAL CREDITS 221000 172077 172077 4480562 13006 13006 16500 0 16500 16500 16500 63660 66535 -2875 -2875 4507193 4477687 0 29506 6730 428588 193442 586741 94580 54987 246921 407726 COST OF POWER 2131367 ADMIN & GENERAL 476876 DISTRIBUTION-OPERATIONS 305408 DISTRIBUTION-MAINTENANC 242084 -634577 4540873 624154 245455 374909 363054 125790 98761 343064 302314 174163 149909 13854793 4102396 9098568 9752397 325000 300000 2523945 2575437 13589593 13787327 313540 321533 7674962 7703605 420877 405595 8409379 8430733 X 0 0 0 0 5180214 5356594 5180214 5356594 13589593 13787327 X -33680 210060 X 0 1 X 1 0 29474 29474 408844 216740 192104 13411849 3885656 9526193 4626 4626 9752397 EAST RIVER ELECTRIC POWER COOPERATIVE, INC. 2313926 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 185837 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 39445 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 19000 C MEMBERSHIPS 1700 C RURAL ELECTRIC SUPPLY COOPERATIVE 15529 C 2575437 DEFERRED CREDITS 308800 CUSTOMER DEPOSITS 96795 405595 X 4500463 -6730 -6730 4507193 0 4507193 4105556 0 4105556 435317 435317 4540873 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2020 AND 2019, THE UNRECOGNIZED TAX BENEFITS ACCRUAL WAS ZERO. THE COOPERATIVE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DONATIONS GIVEN INCLUDED AS REVENUE ON FINANCIAL STATEMENTS -6,730. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2020 MARGINS TO MEMBERS IN 2021 428,587. DONATIONS GIVEN INCLUDED AS EXPENSE ON 990 6,730. 1 CITY OF ELK POINT SD PO BOX 280 ELK POINT SD 57025 466000150 GOVERNMENT 6730 ASSISTANCE 1 PART I, LINE 2: THE ORGANIZATION GIVES GRANTS AND ASSISTANCE TO GOVERNMENTAL AND/OR TAX-EXEMPT ORGANIZATIONS AND GENERALLY DOES NOT REQUIRE SUBSTANTIATION OF HOW FUNDS ARE SPENT. X X 0 0 0 MATT KLEIN GENERAL MANAGER 126778 0 775 0 0 0 19541 0 26869 0 173963 0 0 0 SCHEDULE J, PART II, COLUMN C PER THE INSTRUCTIONS, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR PERSONS LISTED IN SCHEDULE J, PART II. ACTUAL EXPENSE OF THE PLAN MAY BE SIGNIFICANTLY DIFFERENT FROM THE CHANGE IN ACTUARIAL VALUE. DETAILS RELEVANT TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: MATT KLEIN - ACTUAL EXPENSE $18,220; CHANGE IN ACTUARIAL VALUE $18,341. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE ALL OF THE SAME CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS OF THE SAME CLASS AND HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF ITS PROPERTY, UNLESS SUCH SALE, LEASE OR OTHER DISPOSAL IS AUTHORIZED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF ALL MEMBERS OF THE COOPERATIVE. ALONG WITH THAT, AMENDMENTS TO THE BYLAWS OF THE COOPERATIVE MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER AND BOARD OF DIRECTORS WILL REVIEW THE FORM 990 AT A REGULARLY SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE PROCESS IS LEFT UP TO THE DIRECTORS & MANAGER TO MONITOR. ANY CONFLICTS WOULD BE REVIEWED. TERMINATION OR EXPULSION WOULD BE IMPOSED ON A DIRECTOR AND TERMINATION ON AN EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15A WAGES WERE COMPARED TO OTHER COOPERATIVES OF SIMILAR SIZE USING THE WAGE AND SALARY REPORT PREPARED BY SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION (SDREA). THIS PROCESS IS DONE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS PROVIDED TO MEMBERS IN THE ANNUAL REPORT. AT OTHER TIMES, THIS INFORMATION IS AVAILABLE UPON REQUEST TO BOTH THE MEMBERS AND THE PUBLIC. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR MATT KLEIN REPORTED IN PART VII, COLUMN F WAS $18,341. THE COOPERATIVE'S ACTUAL EXPENSE FOR MATT'S PARTICPATION IN THIS PLAN IN 2020 WAS $18,220. FORM 990, PART XI, LINE 9: ALLOCATION OF 2020 MARGINS TO MEMBERS IN 2021 428,588. CHANGE IN MEMBERSHIPS -5. RETIREMENT OF CAPITAL CREDITS -218,523. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: ALLOCATED AND OTHER EXPENSE: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.