2018-09-10T15:14:14-05:00 2017-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 31088 990 2017-01-01 580372535 OCONEE ELECTRIC MEMBERSHIP CORPORATION OCON 4786763191 PO BOX 37 DUDLEY GA 31022 TERRI HOWARD PRESIDENT/CEO 4786763191 2018-09-10 1 CAL BRANTLEY CPA P00636393 4789293888 2018-08-18 64.88.174.3 2018-09-10 11:36:49 US P 5C924200841B5591E0F769E45FD9F8D650B52F7C E030BA573A10FF2B80852CA2EA3EFED49D5F3248 2017 2018-06-14 16:35:46Z TERRI HOWARD 3445 US HIGHWAY 80 WEST DUDLEY GA 31022 29597819 0 X WWW.OCONEEEMC.COM X 1938 GA TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 7 7 44 0 0 0 0 0 29460106 29426899 25161 24845 207123 146075 29692390 29597819 0 0 1533195 1462134 449779 467961 0 0 0 27709416 27667724 29692390 29597819 0 0 73003501 75037169 45094910 45954180 27908591 29082989 TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 0 0 29597819 TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 29597819 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 34 0 1 44 1 0 0 0 0 0 0 0 28652771 945047 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X PAM BALLARD 4786763191 3445 US HIGHWAY 80 WEST DUDLEY GA 31022 JUANITA F AUSTIN DIRECTOR 4.00 X 7950 0 0 JOHNNIE B HALL DIRECTOR/ASST SEC/TREASURE 4.00 X X 8445 0 0 AMY S ORR DIRECTOR/CHAIR 4.00 X X 8253 0 0 CHARLES B GRACE DIRECTOR/VICE CHAIR 4.00 X X 8897 0 0 JAMES H DAVIS DIRECTOR/SECRETARY/TREASUR 4.00 X X 7889 0 0 H DAVID GREEN DIRECTOR 4.00 X 8144 0 0 DENNIS W HOLDER SR DIRECTOR 4.00 X 8040 0 0 MARTY SMITH PRESIDENT/CEO 40.00 X 164396 0 50331 TERRI HOWARD PRESIDENT/CEO (BEG. MAY 2018) 40.00 X 149518 0 46096 AUTREY HOWARD MANAGER OF ENGINEERING 40.00 X 113881 0 46023 485413 0 142450 3 0 1 0 UTILICON SERVICES INC 13275 GA HWY 231 DAVISBORO GA 31018 LINE CONSTRUCTION, RIGHT OF WAY CUTTING, 367035 MCKINNON INC PO BOX 117 HELENA GA 31037 TREE TRIMMING AND REMOVAL 365176 CAPPSTONE ENERGY GROUP LLC PO BOX 2295 COVINGTON GA 30015 WORK ORDER INSPECTION, GPS PROJECT STAKI 238308 PIKE ELECTRIC LLC PO BOX 1000 MEMPHIS TN 38148 CONSTRUCTION, RETIREMENTS AND STORM ASSI 116882 4 X ELECTRIC SALES 221000 28652771 28652771 PATRONAGE DIVIDENDS 221000 741006 741006 MISCELLANEOUS 221000 33122 33122 29426899 24845 24845 146075 0 146075 146075 146075 29597819 29393777 0 204042 X 1462134 467961 7071 34971 27335 159883 1733340 2159017 COST OF POWER 17209289 DISTRIBUTION MAINTENANC 2533678 DISTRIBUTION OPERATIONS 1473478 ADMINISTRATIVE AND GENE 1071005 1258657 29597819 399212 698097 1919407 2669270 490789 580595 167647 174466 76501643 21644152 54292690 54857491 14067179 14563717 1666577 1493533 73003501 75037169 2564729 5238988 37012515 35301630 5517666 5413562 45094910 45954180 X 64900 65415 917 917 27842774 29016657 27908591 29082989 73003501 75037169 X 0 1174398 X X 0 0 0 76501643 21644152 54857491 54857491 PATRONAGE CAPITAL - OPC 10970367 C PATRONAGE CAPITAL - NRUCFC 1145081 C PATRONAGE CAPITAL - GRESCO 656518 C PATRONAGE CAPITAL - NRTC 56119 C MEMBERSHIP FEES - OTHER 4584 C CAPITAL TERM CERTIFICATES - NRUCFC 870227 C PATRONAGE CAPITAL - PRTC 112245 C FEDERATED RURAL ELECTRIC INSURANCE 107159 C SMARR EMC 27862 C PATRONAGE CAPITAL - SEDC 93555 C ECONOMIC DEVELOPMENT FUNDS-OTHER INVESTMENT 520000 C 14563717 CONSUMER DEPOSITS 1163408 PROVISION FOR PENSIONS AND BENEFITS 2277395 PROVISION FOR SICK LEAVE 581682 ACCRUED INTEREST PAYABLE 381567 ACCRUED ANNUAL LEAVE 116958 ACCRUED PAYROLL 104274 DEFERRED CREDITS 567292 ACCRUED SALES TAX 104833 ACCRUED PROPERTY AND FRANCHISE TAXE 67200 UNAMORTIZED GAIN ON REQUIRED DEBT 47953 OTHER 1000 5413562 X PART X, LINE 2: THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X 0 0 0 MARTY SMITH PRESIDENT/CEO 160777 0 0 0 3619 0 26509 0 23822 0 214727 0 0 0 TERRI HOWARD PRESIDENT/CEO (BEG. MAY 2018) 147184 0 0 0 2334 0 35502 0 10594 0 195614 0 0 0 AUTREY HOWARD MANAGER OF ENGINEERING 113152 0 0 0 729 0 28469 0 17554 0 159904 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION HAS SEVEN MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS, SUCH AS CHANGES TO THE CORPORATION'S CORPORATE BY-LAWS, MUST BE PRESENTED TO AND APPROVED BY THE MEMBERS. GENERALLY, SUCH CHANGES, IF ANY, ARE PRESENTED AT THE CORPORATION'S ANNUAL MEMBER MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS BY THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 ALONG WITH CERTAIN MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS EFFECTIVE DECEMBER 31, 2008. THIS POLICY WILL BE REVIEWED ANNUALLY WITH THE BOARD OF DIRECTORS BY THE CHIEF OPERATIONS OFFICER. FORM 990, PART VI, SECTION B, LINE 15 THE CEO SUBMITS A REPORT TO THE BOARD OF DIRECTORS USING THE CEO PERFORMANCE ASSESSMENT FORM. THE BOARD THEN RATES THE CEO'S PERFORMANCE. USING THE CURRENT YEAR NRECA COMPENSATION SURVEY, THE BOARD THEN DETERMINES THE AMOUNT OF ANNUAL INCREASE FOR THE CEO. THE CEO RATES THE EMPLOYEE'S PERFORMANCE. USING THE CURRENT YEAR NRECA COMPENSATION SURVEY, THE CEO THEN DETERMINES THE AMOUNT OF ANNUAL INCREASE FOR THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. FORM 990, PART VIII, LINE 2 PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST TO COOPERATIVE FINANCIAL INSTITUTIONS AND THE PURCHASE OF WHOLESALE POWER, SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSE ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF THE COST OF THE ELECTRIC SERVICE PROVIDED BY THE CORPORATION TO ITS MEMBERS. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS 912,795. CUSTOMER SERVICE AND INFORMATIONAL 206,362. TAXES 98,777. ANNUAL MEETING 40,723. FORM 990, PART IX THE ACCOUNTING RECORDS OF THE CORPORATION ARE MAINTAINED IN ACCORDANCE WITH THE ACCOUNTING PRACTICES PRESCRIBED BY THE RURAL UTILITIES SERVICE (RUS) OF THE UNITED STATES DEPARTMENT OF AGRICULTURE. THESE ACCOUNTING PRACTICES DO NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX, LINES 1 - 23. THE CORPORATION SEPARATELY REPORTS CERTAIN EXPENSE CLASSIFICATIONS, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY RUS. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -348,548. DONATED CAPITAL FROM DISCOUNTED CAPITAL CREDITS 60,297. INCREASE IN MEMBERSHIPS 515. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 1,462,134. FORM 990, PART XII, LINE 2C: THE CORPORATION'S PROCESS HAS NOT CHANGED IN THE PAST YEAR. OCONEE EMC FOUNDATION INC PO BOX 37 DUDLEY GA 31022 050593465 SUPPORT OF LOCAL CHARITABLE ORGANIZATIONS GA 501(C)(3) 170(B)(1) (A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 OCONEE EMC FOUNDATION INC R 63013 FMV