2025-07-30T10:02:10-05:00 2024-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-01-01 730195455 CIMARRON ELECTRIC COOPERATIVE INC CIMA 4053754121 PO BOX 299 KINGFISHER OK 73750 RON SPROUL PRESIDENT 4053754121 2025-07-21 1 0 WILLIAM M MILLER P00439459 8067473806 2025-07-17 X 2024 2025-03-06 01:10:19Z AARON ROARK PO BOX 299 KINGFISHER OK 73750 76205650 0 X WWW.CIMARRONELECTRIC.COM X 1936 OK TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. 9 9 55 0 0 0 0 0 78502364 75900079 143712 144254 893861 5230 79539937 76049563 78386 74858 6617895 6580915 5353925 6005909 0 0 0 67489731 63387881 79539937 76049563 0 0 185207084 189273979 104872249 103678725 80334835 85595254 TO PROVIDE RELIABLE SERVICES TO MEET OUR MEMBERS' NEEDS AT REASONABLE RATES AND TO SEEK TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 19,592 ACTIVE SERVICES AT YEAR END. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 55 1 0 0 0 0 0 77318997 260763 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 OK X MARK ANDREWS SENIOR VP & CFO 4053754121 PO BOX 299 KINGFISHER OK 73750 X AMIE REED SECRETARY 5.50 X X 18000 0 0 CHALENTZ HEDGES TREASURER 9.70 X X 18000 0 0 GENE PETERS TRUSTEE 3.70 X 19750 0 0 RAYMOND FLATT VICE PRESIDENT 7.20 X X 18000 0 0 ROBERT YEOMAN TRUSTEE 9.70 X 19750 0 0 RON SPROUL PRESIDENT 6.30 X X 18000 0 0 RUDY PATZKOWSKY TRUSTEE 6.50 X 20450 0 0 TOM KLOEPPEL TRUSTEE 5.90 X 20100 0 0 LANE BROADBENT TRUSTEE 4.20 X 18000 0 0 AARON ROARK CHIEF EXECUTIVE OFFICER 50.00 X 437338 0 76582 MARK ANDREWS SENIOR VP FINANCE & ADMIN 45.00 X 201130 0 60637 JEFF HYATT CHIEF MARKETING OFFICER 45.00 X 229373 0 71259 STEPHANIE JONES CHIEF TECHNOLOGY OFFICER 45.00 X 164454 0 53747 RONALD PENNINGTON SENIOR VP OPERATIONS 45.00 X 189712 0 61592 AUBREY COOK JOURNEYMAN LINEMAN 48.00 X 133820 0 46480 RODNEY JOHNSON OPERATIONS SUPERINTENDENT 45.00 X 137414 0 41073 RICHARD REHERMAN SENIOR VP ACCOUNTING 40.00 X 164187 0 44002 BRANDON SHIREY AREA SERVICE REP 47.00 X 140579 0 51159 JERRY STROOPE AREA SERVICE REP 46.00 X 132813 0 53613 2100870 0 560144 33 0 1 0 R&R POWERLINE CONSTRUCTION PO BOX 246 SAYRE OK 73662 ELECTRICAL DIST. LINE CONSTRUCTION 1650380 RIGGS TREE SERVICES INC PO BOX 453225 GROVE OK 74345 RIGHT-OF-WAY CLEARING 1521830 VALE POWER LINES 1708 CANYON BLUFF RD GUTHRIE OK 73044 ELECTRICAL DIST. LINE CONSTRUCTION 1308605 LIBERTY LINE CONSTRUCTION 18384 N 2980 RD CRESCENT OK 73028 ELECTRICAL DIST. LINE CONSTRUCTION 996480 LINE PRECISION CONTRACTING LLC 15924 W PROSPECT AVE BLACKWELL OK 74631 ELECTRICAL DIST. LINE CONSTRUCTION 809156 11 X SALES OF ELECTRICITY 221000 73408249 73408249 PATRONAGE DIVIDENDS 221000 2382115 2382115 SERVICE FEES 221000 109715 109715 75900079 103854 103854 89 89 40400 0 40400 40400 40400 155403 156087 -684 -684 POLE ATTACHMENT INCOME 221000 5825 5825 5825 76049563 75939795 0 109768 X 74858 6580915 1715874 3008728 442661 569867 268779 4370834 5924738 PURCHASED POWER 44463284 DISTRIBUTION EXPENSE 4125782 ADMIN & GENERAL EXPENSE 1590018 OPERATING TAXES 1485254 1427971 76049563 213175 143255 1088054 21535 7166991 7121189 161281 111687 68241 58712 173737453 16308504 154258048 157428949 21021191 23276065 1230103 1112587 185207084 189273979 11955702 7389826 83756178 86654553 9160369 9634346 104872249 103678725 X 457895 497463 3610412 3774161 76266528 81323630 80334835 85595254 185207084 189273979 X 0 5260419 X X 0 1 X 1 1 1 692091 692091 11961500 4587285 7374215 159087351 11721219 147366132 1996511 1996511 157428949 PATRONAGE CAPITAL-CFC 1671007 C PATRONAGE CAPITAL-PTC 143669 C PATRONAGE CAPITAL-AECI 45931 C PATRONAGE CAPITAL-OTHER 23379 C PATRONAGE CAPITAL-WFEC 20178994 C PATRONAGE CAPITAL-NISC 134069 C INVESTMENTS IN CTC-CFC 704839 C INVESTMENTS IN FEDERATED RURAL 262087 C MEMBERSHIPS 112090 C 23276065 CONSUMER DEPOSITS 9634346 9634346 X 75193239 0 75193239 856324 856324 76049563 68612324 0 68612324 7437239 7437239 76049563 PART X, LINE 2: THE COOPERATIVE UTILIZES 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 THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 856,324. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 6,580,915. EXPENSES IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 856,324. 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 1 1 X X 0 0 0 AARON ROARK CHIEF EXECUTIVE OFFICER 309194 0 78199 0 49945 0 50547 0 26035 0 513920 0 0 0 JEFF HYATT CHIEF MARKETING OFFICER 212263 0 3162 0 13948 0 42729 0 28530 0 300632 0 0 0 MARK ANDREWS SENIOR VP FINANCE & ADMIN 169757 0 12919 0 18454 0 34602 0 26035 0 261767 0 0 0 RONALD PENNINGTON SENIOR VP OPERATIONS 168683 0 13158 0 7871 0 34484 0 27108 0 251304 0 0 0 STEPHANIE JONES CHIEF TECHNOLOGY OFFICER 157634 0 3431 0 3389 0 30589 0 23158 0 218201 0 0 0 RICHARD REHERMAN SENIOR VP ACCOUNTING 151763 0 3431 0 8993 0 30326 0 13676 0 208189 0 0 0 BRANDON SHIREY AREA SERVICE REP 136407 0 3431 0 741 0 26801 0 24358 0 191738 0 0 0 JERRY STROOPE AREA SERVICE REP 126999 0 3431 0 2383 0 25691 0 27922 0 186426 0 0 0 AUBREY COOK JOURNEYMAN LINEMAN 129258 0 3431 0 1131 0 21372 0 25108 0 180300 0 0 0 RODNEY JOHNSON OPERATIONS SUPERINTENDENT 131744 0 3431 0 2239 0 17490 0 23583 0 178487 0 0 0 PART I, LINE 1A PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE EMPLOYEES FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. DURING THE YEAR, FOUR INDIVIDUALS REPORTED ON FORM 990 PART VII (ANDREWS, JOHNSON, JONES, & ROARK) RECEIVED THESE BENEFITS. THE VALUE OF SUCH BENEFITS WERE ALSO INCLUDED IN THE REPORTABLE COMPENSATION OF EACH. ADDITIONALLY, THE COOPERATIVE WILL PAY ONE-HALF OF THE COST OF A GYM MEMBERSHIP PURSUANT TO A WELLNESS POLICY. DURING THE YEAR, TWO INDIVIDUALS REPORTED ON FORM 990 PART VII (JOHNSON AND PENNINGTON) RECEIVED THIS BENEFIT. SINCE THE COOPERATIVE CONSIDERS THE REIMBURSEMENT TO BE CONSISTENT TO A BONA FIDE BUSINESS PURPOSE, SUCH REIMBURSEMENTS WERE EXCLUDED FROM REPORTABLE COMPENSATION. 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 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. 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 TRUSTEES AND EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY. TRUSTEES AND EMPLOYEE OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF TRUSTEES AS SOON AS POSSIBLE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEW A COMPENSATION SURVEY WHEN DETERMINING AND SETTING THE COMPENSATION OF THE CEO. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT OKLAHOMA AND THE NATION. THE CEO REVIEWS 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 OKLAHOMA AND 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 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. EMPLOYER CONTRIBUTIONS FOR THE PLAN ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES, 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. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF 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 2: 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 EXPENSE 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 UTILITIES SERVICES (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, 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 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 MARGIN 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 CALENDAR TAX 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 2024 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, 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 $ 4,724,602 LESS: TRUSTEE FEES REPORTED ON FORMS 1099-NEC (170,050) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (137,219) LESS: KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (186,598) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,717,881 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 172,580 TOTAL WAGES ACCRUED AND/OR PAID $ 6,121,196 FORM 990. PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 1,384,229 OFFICE SUPPLIES 376,153 OUTSIDE SERVICES 121,483 INJURIES & DAMAGES 75,542 EMPLOYEE BENEFITS 165,908 TRUSTEES 228,787 DUES TO ASSOCIATED ORGS. 120,785 MEETINGS 92,005 MISCELLANEOUS GENERAL 1,091,113 MAINTENANCE OF GENERAL PLANT 44,544 TOTAL ADMIN & GENERAL EXPENSES PER FINANCIAL STATEMENTS $ 3,700,549 LESS: RECLASS OF TRUSTEE FEES TO PART IX, LINE 5 (170,050) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,395,936) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (544,545) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,590,018 FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CONSUMER ACCOUNTS $ 204,258 EMPLOYEE RETENTION 856,324 OTHER DEDUCTIONS 3,986 SALES 363,403 TOTAL OTHER EXPENSES PER FORM 990, PART IX $ 1,427,971 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 6,580,915. PATRONAGE CAPITAL RETIRED - TOTAL -1,523,813. PATRONAGE CAPITAL RETIRED - UNCLAIMED 163,749. NET CHANGE IN MEMBERSHIPS 39,568. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO PROVIDE ADDITIONAL GOVERNANCE OVER AUDITOR AND FINANCIAL RELATED MATTERS. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR.