2020-03-26T11:02:20-07:00 2019-12-31 741194944 Bumgardner Morrison & Company LLP 1501 E MOCKINGBIRD LN STE 300 Victoria TX 77903 990 2019-01-01 740964933 VICTORIA ELECTRIC COOPERATIVE INC VICT 3615732428 PO BOX 2178 VICTORIA TX 77902 BLAINE B WARZECHA GENERAL MANAGER 2020-03-23 true JEROME G KOTZUR CPA P00047018 3615750271 2019 2020-09-23 17:36:50Z WARZECHA BLAINE B PO BOX 2178 VICTORIA TX 779022178 22118782 false X WWW.VICTORIAELECTRIC.COOP X 1938 TX VICTORIA ELECTRIC COOPERATIVE PROVIDED ELECTRIC DISTRIBUTION UTILITY SERVICE TO AN AVERAGE OF 16,407 MEMBER-OWNERS DURING 2019. THE COOPERATIVE OPERATED 3,013.78 MILES OF ENERGIZED LINES ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION INCLUDING TWO OUT-MIGRATION COUNTIES. THE COOPERATIVE PROVIDED MEMBER-OWNERS ELECTRIC POWER AT COST EQUALING TO APPROXIMATELY A 10-20% SAVINGS FROM OPEN MARKET PRICING. THE COOPERATIVE COMMUNICATES TO THE MEMBER-OWNERS PRIMARILY THROUGH A "LOCAL PAGEX INSERT IN THE TEXAS COOP POWER MAGAZINE. 10 10 84 -1185876 0 15856955 16341239 151648 175339 2518109 5602204 18526712 22118782 0 3868028 6934193 4142012 4310507 0 0 10516671 10874082 18526711 22118782 1 0 135768232 139548660 62769001 60350433 72999231 79198227 VICTORIA ELECTRIC COOPERATIVE PROVIDED ELECTRIC DISTRIBUTION UTILITY SERVICE TO AN AVERAGE OF 16,407 MEMBER-OWNERS DURING 2019. THE COOPERATIVE OPERATED 3,013.78 MILES OF ENERGIZED LINES ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION INCLUDING TWO OUT-MIGRATION COUNTIES. THE COOPERATIVE PROVIDED MEMBER-OWNERS ELECTRIC POWER AT COST EQUALING TO APPROXIMATELY A 10-20% SAVINGS FROM OPEN MARKET PRICING. THE COOPERATIVE COMMUNICATES TO THE MEMBER-OWNERS PRIMARILY THROUGH A "LOCAL PAGEX INSERT IN THE TEXAS COOP POWER MAGAZINE. false false THE COOPERATIVE PROVIDES ELECTRIC DISTRIBUTION UTILITY SERVICES TO CUSTOMERS ACROSS SIX COUNTIES IN THE TEXAS MID-COAST REGION. false false false false false false false false false true false false true 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 13 0 false 84 true false false false false false 16341239 false false false X 10 10 false false false false true true false true true false false true true true true true true true false false X VICTORIA ELECTRIC COOPERATIVE 3615732428 5502 US HWY 59 NORTH VICTORIA TX 77905 WARZECHA BLAINE B GENERAL MANAGER 55.00 0.00 X 204299 0 54288 DAVID WAYNE NERADA LINE FOREMAN 50.00 0.00 122922 0 35951 LADDY B BROWN OPERATIONS MANAGER 53.00 0.00 110055 0 37126 JESSICA L GRAY FIN. SERV. MANAGER 52.00 0.00 113913 0 29435 RUSTY B ROBERTSON SERVICE LINEMAN 50.50 0.00 112150 0 25619 JOHN RODARTE III SERVICE LINEMAN 55.00 0.00 105532 0 32016 WEHMEYER DONALD K BOARD PRESIDENT 10.00 0.00 X X 26049 0 0 SMITH RONALD E board vp 6.00 0.00 X X 25949 0 0 BOYD TAMMIE secretary/treas 35.00 0.00 X X 24139 0 0 BONAR BOB Director 7.00 0.00 X 23036 0 0 BRANDL RAYMOND E JR DIRECTOR 6.00 0.00 X 22389 0 0 RUSCHHAUPT TREY ASST SECR/TREAS 3.00 0.00 X X 21969 0 0 MARAGGIA MICHAEL Director 2.76 0.00 X 20926 0 0 HAUSMANN BYRON R Director 5.00 0.00 X 19071 0 0 ADAMS TODD Director 4.00 0.00 X 18166 0 0 BECK JOHN W DVM DIRECTOR 5.00 0.00 X 15851 0 0 986416 214435 6 false true true J C COMMUNICATIONS INC 16504-1 RED WAGON LN LEANDER TX 78461 FIBER CONSTRUCTION 1515546 ABC PROFESSIONAL TREE SERVICE 201 FLINT RIDGE RD WEBSTER TX 77598 TREE TRIMMING 1108396 SENDERO POWER LINE CONST PO BOX 2209 VICTORIA TX 77902 CONSTRUCTION 802882 SOUTHEASTERN DATA CORP 100 ASHFORD CNTR N STE 500 ATLANTA GA 30338 SOFTWARE PROVIDER 277615 OSMOSE UTILITIES SERVICES INC PO BOX 117284 ATLANTA GA 30368 POLE INSPECTIONS 209274 8 0 SALE OF ELECTRICITY 221000 16341239 16341239 16341239 175339 175339 0 0 0 0 0 0 0 CAPITAL CREDITS 221000 3437088 3437088 DISASTER ASSISTANCE 221000 3241567 3241567 MISCELLANEOUS REVENUE 221000 109425 109425 -1185876 -1185876 5602204 22118782 23129319 -1185876 175339 0 0 0 6934193 476132 0 2117755 661660 822407 232553 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2058211 0 3987141 0 OPERATION & MAINTENANCE 2508396 ADMINISTRATIVE & GENERAL 1477875 CONSUMER ACCOUNTS 495756 PROPERTY TAXES 325439 21264 22118782 0 0 0 4308416 3146552 0 0 3257611 2937058 0 0 0 1490914 1652227 912119 1165128 125764374 37387837 86813725 88376537 0 0 0 0 38985447 42271158 135768232 139548660 2944692 4105012 56271920 52803872 3552389 3441549 62769001 60350433 X 80855 82035 72350657 78426441 567719 689751 72999231 79198227 135768232 139548660 X 0 6198996 X false true X true true true 617818 617818 13421601 1963902 11457699 70527505 35330575 35196930 41197450 93360 41104090 88376537 CFC CAPITAL TERM CERT 575729 COBANK 452840 NEC 6270 NRTC 19249 NRUCFC 253360 OTHER ASSETS Rounding 1 SEDC 80075 SOUTH TEXAS ELECTRIC COOP 40397721 TEXAS ELECTRIC COOPS 485913 42271158 CONSUMER DEPOSITS & OTH CURRENT/ACCRUED 3441549 3441549 59940515 37821733 37821733 22118782 22118782 51759874 37821733 37821733 13938141 8180641 8180641 22118782 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF ELECTRICITY $37821733 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF ELECTRICITY $37821733 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS $6934193 EXPENSES RELATED TO UBIT $1246448 X true true X false false false DAVID WAYNE NERADA LINE FOREMAN 122922 19710 16241 158873 JESSICA L GRAY FIN. SERV. MANAGER 113913 20744 8691 143348 LADDY B BROWN OPERATIONS MANAGER 110055 20885 16241 147181 RUSTY B ROBERTSON SERVICE LINEMAN 112150 16928 8691 137769 WARZECHA BLAINE B GENERAL MANAGER 204299 38047 16241 258587 Part I, Line 1a: Relevant information in regards to selections on 1a. Part III, Additional Information REPORTABLE COMPENSATION CONSISTS OF AMOUNTS EQUAL TO OR GREATER THAN $100,000 REPORTED ON FORM W-2. COLUMN B REFLECTS THE EMPLOYEES' TAXABLE WAGES, PLUS OVERTIME WHERE APPLICABLE. BLAINE WARZECHA, LADDY BROWN AND JESSICA GRAY HOLD LEADERSHIP POSITIONS AND HAVE TENURE WITH THE COOPERATIVE. DAVID NERADA AND RUSTY ROBERTSON ARE EXPERIENCED LINEMAN AND WORK OVERTIME AS NEEDED FOR OUTAGES AND STORM RESTORATION. COLUMN C REPRESENTS EMPLOYER CONTRIBUTIONS MADE TO THE EMPLOYEE'S RETIREMENT SECURITY PLAN, ALONG WITH THE 401K MATCH MADE BY THE EMPLOYER. COLUMN D REPRESENTS THE COST OF HEALTH INSURANCE PREMIUMS PROVIDED BY VEC. Form 990, Part VI, Line 11b: Form 990 Review Process The form 990 was provided to the board for review and approval. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The board reviewed the annual policy and questionnaire for any conflict of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE BOARD USES A THIRD PARTY SURVEY FROM NRECA TO ASSIST IN DETERINING COMPENSATION FOR THE GENERAL MANAGER. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Decreases CAPITAL CREDITS RETIRED = -$736390 Other Changes In Net Assets Or Fund Balances - Other Increases INCREASE IN MEMBERSHIP CAPITAL = $1193 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS = $6934193