2019-11-08T09:00:03-06:00 2018-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2018-01-01 730171526 CANADIAN VALLEY ELECTRIC COOPERATIVE INC % JAMIE SCOTT CANA 4053823680 PO BOX 751 SEMINOLE OK 748180751 ROBERT HOOD INTERIM GNRL MANAGER 4053823680 2019-11-06 true AMBER SHERRILL P00748683 5013721040 167.68.126.162 71015520193125000001 2019-11-08 P 8B484ADD3177755575C2D061B48861D965F12CF4 3F910C2EA158F392107FD01EE4BF28EF5850A170 2018 2020-04-17 16:48:07Z ROBERT HOOD PO BOX 751 SEMINOLE OK 748180751 64826372 false X WWW.MYCVEC.COOP X 1939 OK TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS. 8 8 80 8 0 0 0 58218506 63100531 1033166 1312900 218802 391518 59470474 64804949 0 0 3236873 3996554 3025267 3702160 0 0 0 53208334 57106235 59470474 64804949 0 115174963 121745813 51362458 53771682 63812505 67974131 TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS. false false PROVISION OF RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS. false false false false false false false false false true false true false 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 true true true false true 22 0 true 80 true false false false false false 63100531 1336784 false false false X 8 8 false false false false true true true true true false false true true true true true true true true false OK X JAMIE SCOTT 4053823680 PO BOX 751 SEMINOLE OK 74818 X STEVE MARAK BOARD TRUSTEE - ASST SEC/TREAS 14.0 0.0 X X 17226 0 0 ROBERT SCHOENECKE BOARD TRUSTEE - VICE PRESIDENT 15.0 0.0 X X 15407 0 0 GARY CRAIN BOARD TRUSTEE 15.0 12.0 X 15351 17895 0 CLAYTON EADS BOARD TRUSTEE 6.0 0.0 X 15229 0 0 MATT GOODSON BOARD TRUSTEE - SEC/TREASURER 15.0 0.0 X X 15825 0 0 JOE SEMTNER BOARD TRUSTEE - PRESIDENT 4.0 0.0 X X 15725 0 0 JP DUVALL BOARD TRUSTEE 10.0 0.0 X 15300 0 0 YATES ADCOCK BOARD TRUSTEE 15.0 0.0 X 15426 0 0 COLIN WHITLEY GENERAL MANAGER/CEO 40.0 0.0 X 196767 0 42706 KIMBERLY BEHRNES MANAGER OF ENG. AND MEMBER SRV 42.0 0.0 X 115260 0 29195 JOHN COLVIN AREA SERVICEMEN 53.0 0.0 X 105700 0 23560 LLOYD PARKS MANAGER OF IT 41.0 0.0 X 122968 0 30406 666184 17895 125867 4 false true false RIGGS TREE SERVICE INC PO BOX 453225 GROVE OK 74345 TREE TRIMMING 1421331 ONLINE ELECTRIC INC 1955 S ARENA RD MCLOUD OK 74851 LINE CONSTRUCTION 1041053 SD OF MISSOURI INC 31913 S STATE ROUTE D DREXEL MO 64742 LINE CONSTRUCTION 713211 BACCO TREE SERVICE 20400 E 103RD ST N CLAREMORE OK 74019 TREE TRIMMING 300733 BOGLE RIGHT OF WAY SERVICES PO BOX 835 LANGLEY OK 74350 TREE TRIMMING 179817 7 0 SALES OF ELECTRIC ENERGY 221000 61734892 61734892 G&T CAPITAL CREDITS 221000 1246001 1246001 OTHER CAPITAL CREDITS 221000 119638 119638 63100531 1230445 1230445 0 0 197634 0 197634 197634 197634 82455 82455 82455 82455 0 0 0 0 0 0 45307 21423 23884 23884 Recovery of Bad Debt 170000 170000 170000 64804949 63100531 1704418 0 0 0 3996554 364962 0 2665091 -62867 482559 252415 0 50985 48392 0 0 0 1783172 0 252645 623040 0 12765 685347 0 67344 2108000 0 3842716 1162036 COST OF ELECTRIC POWER 43815142 TAXES 1258856 TOOLS & LINE MATERIALS 713240 DUES & SUBSCRIPTIONS 215330 467225 64804949 104126 1715553 3860324 5400000 0 0 6479295 6961833 0 0 0 0 0 0 1075811 1170748 37756 87307 124182184 49113415 72903705 75068769 0 0 0 0 29106504 29846885 0 0 1607442 1494718 115174963 121745813 8442598 6284564 0 0 0 0 0 0 0 0 0 0 39192261 43855209 0 0 3727599 3631909 51362458 53771682 X 0 0 0 0 63812505 67974131 63812505 67974131 115174963 121745813 X 0 4161626 X false true X true false 109712 109712 2192217 1340748 851469 120107561 47772667 72334894 1772694 1772694 75068769 ARK ELECTRIC-PATRONAGE CAPITAL 130053 C NRUCFC-PATRONAGE CAPITAL 76765 C CRUCFC-CAP. TERM CERTIFICATES 846062 C NRUCFC-MEMBER CERTIFICATIONS 1000 C WESTERN FARMERS-PATRONAGE CAP 28156541 C NISC-PATRONAGE CAPITAL 159598 C FEDERATED-EQUITY ACCOUNT ALLOC 196577 C NRTC-MEMBERSHIP 15340 C COBANK-MEMBERSHIP & PATRONAGE 264849 C CENERGY INVESTMENT 100 C 29846885 0 POST RETIREMENT BENEFIT OBLIGATION 1556932 CONSUMER DEPOSITS 1841936 SPECIAL FUNDS - DEFERRED COMPENSATION 233041 3631909 64634949 64634949 170000 170000 64804949 60638395 60638395 4166554 4166554 64804949 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 4B BAD DEBT RECOVERY $ 170,000 FORM 990, SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED $ 3,996,554 BAD DEBT RECOVERY $ 170,000 -------------------------------------------- TOTAL $ 4,166,554 X X false false false COLIN WHITLEY GENERAL MANAGER/CEO 196017 0 750 0 0 0 27440 0 15266 0 239473 0 0 0 LLOYD PARKS MANAGER OF IT 117752 0 750 0 4466 0 16356 0 14050 0 153374 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ELECTRIC UTILITY IS MEMBER OWNED. TRUSTEES ARE ELECTED BY THE MEMBERSHIP TO SERVE THREE YEAR TERMS. ANY MEMBER MAY FILE TO STAND FOR ELECTION BY FILING A NOTICE OF INTENT TO STAND FOR ELECTION DURING THE PUBLISHED FILING PERIOD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE WITHIN THEIR DISTRICT TO APPOINT THE BOARD MEMBER TO REPRESENT THEM FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE MEMBERS. MEMBERS MAY ALSO PETITION FOR REMOVAL, FOR JUST CAUSE, OF TRUSTEES OR OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER OF ACCOUNTING, GENERAL MANAGER, AND THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED REGULARLY, AND WRITTEN SURVEYS ARE COLLECTED FROM EACH TRUSTEE ANNUALLY. AFTER DISCLOSURE OF ANY CONFLICTS, THE GENERAL MANAGER MAY CONSULT WITH THE ATTORNEY OF CVEC AND/OR SUBMIT THE ISSUE TO THE BOARD OF TRUSTEES. THE GENERAL MANAGER, IF APPROPRIATE, MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR AGREEMENT. AFTER EXERCISING DUE DILIGENCE, THE GENERAL MANAGER SHALL DETERMINE WHETHER CVEC CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST AND IF AN ALTERNATIVE CANNOT BE FOUND WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF CVEC. FORM 990, PART VI, SECTION B, LINE 15A & 15B COMPENSATION SURVEYS BASED ON FIGURES FROM ALL ELECTRIC DISTRIBUTION COOPERATIVE HEADQUARTERS IN OKLAHOMA ARE USED TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 CHANGE IN FUNDED STATUS OF POST RETIREMENT MEDICAL & LIFE PLAN (91,845) PATRONAGE CAPITAL ASSIGNABLE 3,996,554 RETIREMENT OF CAPITAL CREDITS (866,211) CHANGE IN MEMBERSHIPS 610 CHANGE IN DONATED CAPITAL 10,378 GAIN ON RETIRED CAPITAL CREDITS 1,112,140 ---------------- TOTAL $4,161,626 CVEC FOUNDATION INC PO BOX 751 SEMINOLE OK 74818 731553974 GRANTS OK 501(C)(3) 10 CVEC true false false false false false false false false false false false false false true false false false false false