2019-08-27T08:55:21-05:00 2018-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2018-01-01 460225950 WEST CENTRAL ELECTRIC COOPERATIVE INC WEST 6056692472 PO BOX 17 MURDO SD 575590017 JEFF BIRKLAND CFO 6056692472 2019-08-23 1 LAURIE HANSON P00851848 6053391999 2019-08-23 199.247.43.183 2019-08-23 13:20:52 CD P C5ADF3E96DC5FD5E5884512D59AB882B10EDFEC1 58563A860C08994041E53A5B7FE60D5BE488C1AC 2018 2019-02-21 02:37:17Z MIKE MCQUISTION PO BOX 17 MURDO SD 575590017 18819594 0 X HTTP://WWW.WCE.COOP X 1949 SD TO PROVIDE ELECTRICITY TO RURAL AREAS. 10 10 37 0 0 0 0 0 17304825 18601484 51120 218110 4712 0 17360657 18819594 15750 15750 934422 1920353 3493475 3682479 0 0 0 12728416 12880714 17172063 18499296 188594 320298 46707340 48919044 30124368 30699026 16582972 18220018 TO PROVIDE ELECTRICITY TO RURAL AREAS. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,691 MEMBERS AND BUILT 34.71 MILES OF LINES. 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 37 1 0 0 0 0 0 17891560 251981 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X JEFF BIRKLAND 6056692472 PO BOX 17 MURDO SD 57559 X MIKE MCQUISTION PRESIDENT 10.00 X X 10560 0 0 SHAD RIGGLE VICE PRESIDENT 6.50 X X 14760 0 0 KENNETH MILLER SECRETARY-TREASURER 7.00 X X 15320 0 0 RICHARD BENDT DIRECTOR 8.00 X 12520 0 0 DAVID J MERTENS DIRECTOR 10.00 X 15040 0 0 KEVIN NEUHAUSER DIRECTOR 6.00 X 13640 0 0 JIM WILLERT DIRECTOR 5.00 X 11400 0 0 MARTY HANSEN DIRECTOR 8.00 X 17280 0 0 PAUL PATTERSON DIRECTOR 6.00 X 13640 0 0 JIM SMITH DIRECTOR 6.00 X 16440 0 0 STEVEN J REED GENERAL MANAGER/CEO 50.00 X 287221 0 95514 JEFF BIRKELAND CFO/ASSISTANT MANAGER 50.00 X 127119 0 97433 SCOTT KITTLESON OPERATIONS MANAGER 50.00 X 122199 0 131522 KIT TALICH SYSTEM ENGINEER 50.00 X 110311 0 44666 787450 0 369135 4 0 1 0 0 SALE OF POWER 221000 16782395 16782395 CAPITAL CREDITS 221000 1277749 1277749 OTHER OPERATING 221000 557290 557290 OTHER NON-OPERATING 900099 -15950 -15950 18601484 196055 196055 22055 0 22055 22055 22055 18819594 18601484 0 218110 15750 1920353 683008 2353347 443458 202666 972087 1652372 COST OF POWER 8855932 DISTRIBUTION-OPERATIONS 1893848 ADMIN & GENERAL 1736347 DISTRIBUTION-MAINTENANC 503885 -2733757 18499296 1915836 1806280 1975566 1994813 360603 213086 1218090 1066591 562950 445414 59614496 26088073 32337793 33526423 1127389 588229 130454 143900 7078659 7909214 0 1225094 46707340 48919044 2259956 1970205 25897173 26715176 345310 345310 1621929 1668335 30124368 30699026 X 0 0 0 0 16582972 18220018 16582972 18220018 46707340 48919044 X 320298 1316748 X 0 1 X 1 0 87244 87244 2430175 895098 1535077 56093273 25192975 30900298 1003804 1003804 33526423 RUSHMORE ELECTRIC POWER COOPERATIVE 6999154 C BASIN ELECTRIC POWER COOPERATIVE MEMEBERSHIP 100 C RURAL ELECTRIC SUPPLY COOPERATIVE 21689 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 39537 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 235446 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 613288 C 7909214 CUSTOMER DEPOSITS 204660 DEFERRED CREDITS 1463675 1668335 X 18819594 0 18819594 0 18819594 16578943 0 16578943 1920353 1920353 18499296 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(12) OF THE INTERNAL REVENUE CODE AND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2018 MARGINS TO MEMBERS IN 2019 1,920,353. 1 SCHOLARSHIPS 21 15750 PART I, LINE 2: EACH YEAR WEST CENTRAL SUPPORTS CONTINUING EDUCATION FOR AREA STUDENTS BY OFFERING SEVERAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS WHO ARE DEPENDENTS OF COOPERATIVE MEMBERS. THE SCHOLARSHIP COMMITTEE, CEO, DIRECTOR OF MEMBER SERVICES, AND CFO ARE CHARGED WITH REVIEWING APPLICATIONS AND DETERMINING THE WINNERS BASED ON THEIR MERITS. SCHOLARSHIP DISBURSEMENTS ARE CO-PAYABLE TO THE STUDENT AND THE SCHOOL OF THE STUDENTS CHOICE. SHOULD A STUDENT DECIDE NOT TO ATTEND SCHOOL, THE FUNDS ARE RETURNED TO WEST CENTRAL ELECTRIC COOPERATIVE INC. THE PROCESS FOR MONITORING INCLUDES APPROVAL THROUGH THE BUDGET PROCESS BY THE BOARD. THE BOARD IS INFORMED OF THE SCHOLARSHIP WINNERS AND THE AMOUNT GIVEN EACH YEAR. X X X 0 0 0 STEVEN J REED GENERAL MANAGER/CEO 205110 0 0 0 82111 0 77355 0 20119 0 384695 0 0 0 JEFF BIRKELAND CFO/ASSISTANT MANAGER 114379 0 0 0 12740 0 82207 0 16408 0 225734 0 0 0 SCOTT KITTLESON OPERATIONS MANAGER 105388 0 0 0 16811 0 116296 0 16355 0 254850 0 0 0 KIT TALICH SYSTEM ENGINEER 99957 0 0 0 10354 0 29439 0 16268 0 156018 0 0 0 SCHEDULE J, PART II, COLUMN (C) PART II COLUMN (C) INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR ALL PERSONS INCLUDED ON SCHEDULE J. THE ACTUAL CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN FOR EACH RESPECTIVE EMPLOYEE ARE NOT INCLUDIBLE IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 6 CLASS A MEMBERS - ALL MEMBERS WITH LESS THAN A 2 MW LOAD. CLASS B MEMBERS - MEMBERS HAVING A LOAD EQUAL TO OR GREATER THAN 2 MW. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES MEET AND REPORT TO THE BOARD. THE ENTIRE BOARD ACTS AS A WHOLE. A COMMITTEE CANNOT TAKE ACTION BY ITSELF. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL REVIEW THE FORM 990 AT A BOARD MEETING PRIOR TO FILING THE 990. BOARD MEMBERS WILL BE GIVEN A COPY OF THE 990 AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND STAFF ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EITHER MANAGEMENT OR THE BOARD CAN DETERMINE IF THERE IS A CONFLICT OF INTEREST. CONFLICTS ARE REVIEWED AT THE CEO AND BOARD LEVEL. THE RESTRICTIONS ARE IMPOSED ON A CASE BY CASE BASIS AND WILL REMOVE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET THE CEO'S COMPENSATION. CEO USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET STAFF AND INSIDE EMPLOYEES' WAGES. THIS PROCESS IS DONE BI-ANNUALLY AND WAS LAST UNDERTAKEN IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS. ALL DOCUMENTS CAN BE VIEWED AT THE COOPERATIVE HEADQUARTERS IN MURDO. 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/CEO, CFO, OPERATIONS MANAGER, AND SYSTEM ENGINEER. 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. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -603,605. ALLOCATION OF 2018 MARGINS TO MEMBERS IN 2019 1,920,353. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: 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.