2018-03-23T13:58:18-05:00 2017-12-31 205857627 TOPP MCWHORTER HARVEY PLLC P O DRAWER 15099 HATTIESBURG MS 394045099 990 2017-01-01 640219645 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION PEAR 6017362666 POST OFFICE BOX 1217 COLUMBIA MS 394291217 RANDY WALLACE GENERAL MANAGER 6017362666 2018-03-23 1 SUSAN A RILEY CPA P00144776 6012643519 2018-02-15 2017 2022-09-23 18:48:47Z RANDY WALLACE POST OFFICE BOX 1217 COLUMBIA MS 394291217 122904965 0 X WWW.PRVEPA.COM X 1938 MS THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CUSTOMERS. 10 0 136 0 0 0 0 0 122274996 122695440 38091 -302745 23242 25426 122336329 122418121 0 0 9506640 8051444 12669046 12837098 0 0 0 100866954 102032616 123042640 122921158 -706311 -503037 233658940 236164926 141994103 142064640 91664837 94100286 THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. 0 0 122921158 122418121 PRVEPA PROVIDED ELECTRIC POWER TO 49,318 CONSUMERS DURING 2017. 122921158 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 20 0 136 0 0 0 0 0 0 0 0 121391741 1867066 0 X 10 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RANDY WALLACE 6017362666 HIGHWAY 13 NORTH COLUMBIA MS 39429 JJ SHELTON III DIRECTOR 4.00 X 23450 0 0 BYRUS HURT DIRECTOR 5.00 X 19150 0 0 WA KENDRICK DIRECTOR 3.00 X 24050 0 0 LAVELL BOND DIRECTOR 6.00 X 24950 0 0 BF HUDSON JR PRESIDENT 6.00 X X 27350 0 0 HUGH GENE SMITH VICE PRESIDENT 6.00 X X 26150 0 0 LAWRENCE W WARREN DIRECTOR 2.00 X 17400 0 0 DANNY WILKS SECRETARY/TREASURER 11.00 X X 24650 0 0 LESLIE PETERS DIRECTOR 5.00 X 22850 0 0 JACK BRADSHAW DIRECTOR 3.00 X 16300 0 0 RANDY WALLACE GENERAL MANAGER 50.00 X 315244 0 28469 WILLIAM PITTMAN FINANCIAL MGR 50.00 X 159035 0 29454 MATTHEW WARE OPERATIONS MANAGER 50.00 X 153743 0 29211 KURT BRAUTIGAM MEMBER SERVICES MANAGER 40.00 X 128360 0 16281 ANTHONY HARRIS DISTRICT MANAGER 40.00 X 126016 0 26843 KEITH ARMSTRONG MATERIALS MANAGER 40.00 X 117251 0 25870 GEORGE CUTRER DISTRICT MANAGER 40.00 X 125140 0 26915 FREDA DYESS ADMINISTRATIVE SERVICES MANAGER 40.00 X 113327 0 16871 1464416 0 199914 8 0 1 0 LOOKS GREAT SERVICES 1501 HIGHWAY 13 NORTH COLUMBIA MS 39429 RIGHT OF WAY MAINT 5191273 MDR CONSTRUCTION 621 E BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONSTRUCTION 441175 DUNGAN ENGINEERING 1574 HWY 98 EAST COLUMBIA MS 39429 CIVIL ENGINEERING 302213 JENKINS WEED CONTROL PO BOX 3119 OXFORD MS 38655 RIGHT OF WAY HERBICIDE APP 130101 SOUTHLAND TIMBER INC 3315 HWY 13 NORTH COLUMBIA MS 39429 RIGHT OF WAY CLEARING 102460 5 ELECTRIC SALES MEMBER 221000 118252485 118252485 PATRONAGE CREDITS 221000 3413684 3413684 COMMON USE POLE RENTAL 221000 1029271 1029271 122695440 39872 39872 144227 486844 -342617 -342617 -342617 METER SOCKET SALES 221000 19926 19926 MISCELLANEOUS INCOME 221000 5500 5500 25426 122418121 122418121 0 0 8051444 989136 5953399 2739924 2600203 554436 56996 119970 576681 128518 4814867 6737868 COST OF PURCHASED POWER 80177490 MAINTENANCE OF RIGHT-OF 5129764 MAINTENANCE OF OVERHEAD 1215012 CONSUMER RECORDS & COLL 830606 2244844 122921158 3504865 1800242 11904897 12422048 2435280 2745637 268701 287469 249880923 84004769 164690753 165876154 50854444 53033376 233658940 236164926 10204973 10911229 2500000 1600000 103915954 99895245 25373176 29658166 141994103 142064640 X 318650 316915 608057 608062 90738130 93175309 91664837 94100286 233658940 236164926 X -503037 2938487 X X 0 1 X 1 0 249880923 84004769 165876154 165876154 INTEREST & DIVIDEND INCOME REC 770517 PATRONAGE CAPITAL 52262859 53033376 CONSUMER DEPOSITS 4084453 OTHER LIABILITY-POST RETIREMENT BENEFIT-PENSION 25253337 OTHER LIABILITY-UNDERFUNDED POST RETIRE 275472 CURRENT PORTION-UNDERFUNDED POST RET 40487 UNEARNED LEASE INCOME-CHARTER 4417 29658166 X 122405769 0 122405769 12352 12352 122418121 114857362 0 114857362 8063796 8063796 122921158 PART X, LINE 2: FASB ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND THE RECOGNITION OF SUCH INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ASSOCIATION'S INCOME TAX RETURNS. THE ASSOCIATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. IN EVALUATING THEIR TAX POSITIONS, THE ASSOCIATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THAT NO UNCERTAIN POSITIONS WERE TAKEN. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF METER SOCKETS LEASED 12,352. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL DSTRIB TO MEMBERS 8,051,444. COST OF METER SOCKETS LEASED 12,352. SCHEDULE D, PART XI,LINE 4B COST OF METER SOCKETS LEASED IS INCLUDED ON THE TAX RETURN BUT NOT INCLUDED IN THE FINANCIAL STATEMENTS FOR GAAP PURPOSES. SCHEDULE D, PART XII,LINE 4B COST OF METER SOCKETS LEASED AND PATRONAGE CAPITAL DISTRIBUTIONS TO MEMBERS ARE EXPENSES INCLUDED ON THE TAX RETURN BUT NOT INCLUDED IN THE FINANCIAL STATEMENTS FOR GAAP PURPOSES. X X 0 0 0 RANDY WALLACE GENERAL MANAGER 315244 0 0 0 0 0 18000 0 10469 0 343713 0 0 0 WILLIAM PITTMAN FINANCIAL MGR 159035 0 0 0 0 0 15792 0 13662 0 188489 0 0 0 MATTHEW WARE OPERATIONS MANAGER 153743 0 0 0 0 0 15549 0 13662 0 182954 0 0 0 ANTHONY HARRIS DISTRICT MANAGER 126016 0 0 0 0 0 13181 0 13662 0 152859 0 0 0 GEORGE CUTRER DISTRICT MANAGER 125140 0 0 0 0 0 13253 0 13662 0 152055 0 0 0 COOPERATIVE ENERGY RANDY WALLACE, OFFICER, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 80177490 EXPENSE 0 FIRST SOUTHERN BANK RANDY WALLACE, OFFICER, IS A BOARD MEMBER FOR FIRST SOUTHERN. 1770823 CASH ACCOUNT 0 COOPERATIVE ENERGY RANDY WALLACE, OFFICER, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 7589467 CURRENT LIABILITY 0 COOPERATIVE ENERGY B.F. HUDSON, BOARD PRESIDENT, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 80177490 EXPENSE 0 COOPERATIVE ENERGY B.F. HUDSON, BOARD PRESIDENT, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 7589467 CURRENT LIABILITY 0 BF HUDSON JR B.F. HUDSON, BOARD PRESIDENT, IS A BOARD MEMBER FOR PEARL RIVER VALLEY EPA 800 EXPENSE 0 SAM CAIN FORMER KEY EMPLOYEE 7414 EXPENSE 0 FORM 990, PART VI, SECTION A, LINE 6 ANY NATURAL PERSON, FIRM ASSOCIATION, CORPORATION, BUSINESS TRUST, PARTNERSHIP OR BODY POLITIC SHALL BE ELIGIBLE TO BECOME A MEMBER OF, AND, AT ONE OR MORE PREMISES OWNED OR DIRECTLY OCCUPIED OR USED BY HIM, TO RECEIVE ELECTRIC SERVICE FROM PEARL RIVER VALLEY ELECTRIC POWER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO IS NOT IN A STATUS OF SUSPENSION, AS PROVIDED FOR IN SECTION 2.01 OF THE ASSOCIATION'S BYLAWS, SHALL BE ENTITLED TO ONLY ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT ANY MEETING OF THE MEMBERS. AT EACH ANNUAL MEETING OF THE MEMBERS, DIRECTORS SHALL BE ELECTED BY SECRET BALLOT BY THE MEMBERS WHO ARE NATURAL PERSONS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE MANAGER OF ACCOUNTING AND FINANCIAL SERVICES PROVIDES THE INDEPENDENT AUDITORS WITH INFORMATION USED IN PREPARING THE FORM 990. THE COMPLETED FORM IS THEN REVIEWED BY THE MANAGER OF ACCOUNTING AND FINANCIAL SERVICES AND BY THE GENERAL MANAGER. THE GENERAL MANAGER THEN PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT ANNUALLY TO ALL EMPLOYEES REQUESTING INFORMATION REGARDING POSSIBLE CONFLICTS OF INTEREST. THESE QUESTIONNAIRES ARE REVIEWED BY THE GENERAL MANAGER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE GENERAL MANAGER IS DETERMINED BY USING COMPARABILITY DATA AND IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED USING COMPARABILITY DATA, IS INITITALLY APPROVED AND RECOMMENDED BY THE GENERAL MANAGER, AND IS THEN GIVEN FINAL APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XI, LINE 9: DIFFERENCE BETWEEN PATRONAGE CAPITAL AND ALLOCATION 5,617,906. DEFINED BENEFIT PLAN NET GAIN (LOSS) -3,033,271. CHANGE IN MEMBERSHIPS -1,735. INTEREST RATE SWAP NET GAIN/(LOSS) 355,582. ROUNDING 5. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR