2020-10-30T15:27:04-05:00 2019-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2019-01-01 940775035 PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE PLUM 5308324261 73233 HWY 70 SUITE A PORTOLA CA 961227064 BILL NEWBERG CFO 5308324261 2020-10-29 1 RYAN M JOHNSON CPA P01048788 5035857774 2020-10-28 50.203.206.43 2020-10-29 08:39:48 PD P 942B566DD0D5655DF5CE1C5404DEA6D8596BECC8 284EE33D2AB22E0B30ACDC0A3FCA573C77FFCA92 2019 2021-04-22 16:20:28Z ROBERT MARSHALL 73233 HWY 70 SUITE A PORTOLA CA 961227064 28559252 0 X WWW.PSREC.COOP X 1937 CA PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS 7 7 60 0 438201 0 0 0 26354549 27604783 626371 697328 174601 174550 27155521 28476661 1677 1100 334207 390773 747279 911108 0 0 0 24054161 25102006 25137324 26404987 2018197 2071674 102329970 105250394 65558731 65798790 36771239 39451604 PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2019 THERE WERE 8,026 CUSTOMERS BILLED FOR SERVICE. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 X 51 0 60 1 1 1 0 0 0 0 25565806 1321412 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BILL NEWBERG CFO 5308324261 C/O PSREC 73233 STATE ROUTE 70 PORTOLA CA 961227069 X TOM HAMMOND DIRECTOR 12.00 X 11507 0 0 DAVE ROBERTI DIRECTOR 10.00 X 8709 0 0 DAVID HANSEN SECRETARY/TREASURER 15.00 X X 12971 0 0 NANCY MILLER DIRECTOR 6.00 X 8538 0 0 FRED NELSON PRESIDENT 5.00 X X 13824 0 0 RICHARD SHORT VICE PRESIDENT 4.00 X X 10966 0 0 LAWRENCE PRICE DIRECTOR 4.00 X 8709 0 0 ROBERT W MARSHALL CEO / GENERAL MANAGER 45.00 X 402528 0 169513 WILLIAM NEWBERG CFO 44.00 X 188341 0 75502 MICTHELL CARR LINE WORKING FOREMAN 44.00 X 156954 0 75472 JASON TOW LINE WORKING FOREMAN 44.00 X 159369 0 75423 JASON HARSTON MANAGER OF ENGINEERING & OPERATIONS 48.00 X 162865 0 93664 BRYAN SHERMAN PLANT OPERATOR 46.00 X 156329 0 71724 JOSEPH OKONESKI SALES MANAGER 45.00 X 165131 0 40062 1466741 0 601360 7 0 1 0 DAVE SIMS TOPPERS TREE SERVICE 2651 RIVERDANCE ROAD QUINCY CA 95971 TREE TRIMMING 323611 JAMES E KOSKINEN PO BOX 1956 QUINCY CA 95971 VEHICLE SERVICE & REPAIRS 287409 2 RESIDENTIAL 221000 11712541 11712541 PUBLIC AUTHORITIES 221000 9778819 9778819 COMMERCIAL LIGHTING 221000 3538762 3538762 MISCELLANEOUS SERVICE 221000 1378326 1378326 IRRIGATION 221000 1196335 1196335 27604783 697328 438201 259127 64856 189263 82591 0 -17735 189263 171528 171528 REIMBURSEMENTS 221000 3022 3022 3022 28476661 27607805 438201 430655 1100 390773 911108 1809075 2769448 COST OF POWER 10840319 DISTRIBUTION AND TRANSM 4713785 CUSTOMER, ADMINISTRATIO 2862132 DEFERRED REVENUE ADJUST 1510000 597247 26404987 995159 466635 3472810 3684003 2169390 2230489 678022 656864 122074058 48504905 72471317 73569153 7467640 7671237 15075632 16972013 102329970 105250394 4237850 4216773 1302315 2863332 55344873 54624517 4673693 4094168 65558731 65798790 X 33775 33725 36737464 39417879 0 0 36771239 39451604 102329970 105250394 X 2071674 608691 X 0 1 X 1 0 941507 941507 8771268 1541597 7229671 106113367 46963308 59150059 6247916 6247916 73569153 6310184 C FEDERATED INSURANCE STOCK 332359 C PATRONAGE CAPITAL - CFC 495169 C CAPITAL TERM CERTIFICATES - CFC 449563 C MEMBERSHIP FEE - CFC 1000 C GENERAL PACIFIC CAPITAL 5685 C OTHER INVESTMENTS 66748 C COOPERATIVE RESPONSE - CNT 10000 C PATRONAGE CAPITAL - CRC 529 C 7671237 MATERIALS & SUPPLIES 1144345 DEFERRED CHARGES 2935991 NCPA RESERVE FUND 1095538 DUE FROM AFFILIATE 11773937 TAXES RECEIVABLE 22202 16972013 CONSUMER ADVANCES FOR CONSTRUCTION 159601 DEFERRED CREDITS 674920 POSTRETIREMENT OBLIGATIONS 3259647 4094168 X 26947832 0 26947832 1528829 1528829 28476661 24485386 0 24485386 1919601 1919601 26404987 PART X, LINE 2: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE WERE NO AMOUNTS ACCRUED IN THE CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS IN 2019 OR 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES DEFERRED REVENUE ADJUSTMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PAYMENT OF CAPITAL CREDITS DEFERRED REVENUE ADJUSTMENTS 1 X X X 0 1 0 ROBERT W MARSHALL CEO / GENERAL MANAGER 312513 0 10000 0 80015 0 134507 0 35006 0 572041 0 0 0 WILLIAM NEWBERG CFO 158341 0 5000 0 25000 0 43040 0 32462 0 263843 0 0 0 MICTHELL CARR LINE WORKING FOREMAN 141015 0 0 0 15939 0 44295 0 31177 0 232426 0 0 0 JASON TOW LINE WORKING FOREMAN 139653 0 0 0 19716 0 44246 0 31177 0 234792 0 0 0 JASON HARSTON MANAGER OF ENGINEERING & OPERATIONS 141470 0 5000 0 16395 0 62516 0 31148 0 256529 0 0 0 BRYAN SHERMAN PLANT OPERATOR 147320 0 0 0 9009 0 40782 0 30942 0 228053 0 0 0 JOSEPH OKONESKI SALES MANAGER 66238 0 0 0 98893 0 21841 0 18221 0 205193 0 0 0 ROBERTI RANCH ROBERTI RANCH'S OWNER IS DAVID ROBERTI, PSREC BOARD OFFICER 5918 SELL SOLAR POWER: ROBERTI RANCH HAS INSTALLED A SOLAR PROJECT THAT PRODUCES THE MAJORITY OF ITS POWER. AS SOLAR POWER IS GENERATED THE KWHS ARE "BANKED." THE ACTUAL IRRIGATION PUMP USAGE IS NETTED AGAINST THE BANKED KWHS. AT THE END OF 2019, THE VALUE OF THE BANKED KWHS IS EQUIVALENT TO $5,918. THIS WAS NOT A CASH TRANSACTION BUT THE VALUE OF EXCESS POWER SOLD TO THE COOPERATIVE. 0 SCHEDULE R PART V LINE 2 THE TRANSACTIONS REPORTED ON SCHEDULE R ARE VALUED BASED ON THEIR CASH VALUE. FORM 990, PART VI, SECTION A, LINE 6 A MEMBER IS AN INDIVIDUAL WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE AND RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS A VOTE. THE VOTE ALLOWS THEM TO ELECT THE BOARD AS WELL AS VOTE ON ANY ISSUE THAT COMES BEFORE THE MEMBERSHIP AT A SPECIAL OR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B LIMITED TO APPROVING ANY CHANGES MADE TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING OF THE FINAL DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO THE DIRECTORS, GENERAL MANAGER, AND ALL EMPLOYEES. THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING ALL POLICY INTERPRETATIONS OR VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COMPENSATION OF ALL MANAGEMENT EMPLOYEES IS REVIEWED AND COMPARED WITH AN ANNUAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THIS REPORT IS PREPARED BY AN INDEPENDENT THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 EACH COOPERATIVE MEMBER IS PROVIDED A "NEW MEMBER HANDBOOK AND BYLAWS" WHICH ADDRESS THE GOVERNING DOCUMENTS. THE BYLAWS ALSO REQUIRE A REPORT AT THE ANNUAL MEETING ON THE FINANCIAL CONDITION OF THE COMPANY. CONDENSED FINANCIAL STATEMENTS FROM YEAR-END ARE PRINTED IN THE RURALITE MAGAZINE, AND COMPLETE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE COMPENSATION INFORMATION FOR THE DIRECTORS, GENERAL MANAGER AND CFO REPRESENTS TOTAL COMPENSATION PAID BY THE COOPERATIVE AND REPORTED ON W-2S AND 1099S. A SUBSTANTIAL AMOUNT OF COMPENSATION HAS BEEN CHARGED TO AND RECORDED ON THE BOOKS OF THE SUBSIDIARY OPERATION, PLUMAS SIERRA TELECOMMUNICATIONS. FORM 990, PART XI, LINE 9: NET EQUITY INCOME IN SUBSIDIARY -213,364. INCREASE/(DECREASE) IN MEMBERSHIPS -50. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) 822,114. MISCELLANEOUS ADJUSTMENTS -9. PLUMAS-SIERRA TELECOMMUNICATIONS 73233 HIGHWAY 70 SUITE B PORTOLA CA 961227064 943062694 INTERNET ACCESS CA N/A C 4738232 30553118 1.00000 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 PLUMAS-SIERRA TELECOMMUNICATIONS A 456198 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS D 2266857 GENERAL LEDGER PLUMAS-SIERRA TELECOMMUNICATIONS N 285256 INTERFUND, MSA PLUMAS-SIERRA TELECOMMUNICATIONS O 499592 LABOR REPORTS PLUMAS-SIERRA TELECOMMUNICATIONS P 77512 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS Q 91912 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS J 66750 GENERAL LEDGER