2025-11-17T23:26:03-06:00 2024-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-01-01 750202592 COMANCHE COUNTY ELECTRIC COOPERATIVE ASSOCIATION COMA 8009152533 PO BOX 729 COMANCHE TX 76442 ALAN LESLEY GENERAL MANAGER/CEO 8009152533 2025-11-16 1 0 WILLIAM M MILLER P00439459 8067473806 2025-11-16 X 2024 2025-03-06 01:10:19Z ALAN LESLEY PO BOX 729 COMANCHE TX 76442 48793781 0 X WWW.CECA.COOP X 1938 TX TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. 7 7 55 0 446535 90782 0 0 48066471 47724496 112566 330669 455364 546451 48634401 48601616 0 0 2556904 1671041 3497744 4001383 0 0 0 41349010 42578767 47403658 48251191 1230743 350425 127840910 128004812 77124783 76110068 50716127 51894744 THE AIM OF COMANCHE COUNTY ELECTRIC COOPERATIVE ASSOCIATION IS TO MAKE SAFE AND RELIABLE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 SALES OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 18,062 ACTIVE SERVICES AT YEAR END. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 51 0 55 1 1 1 0 0 0 0 49577258 1002514 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 X KELLIE DETERS DIRECTOR OF FINANCEOFFICE SERVICES 8009152533 349 INDUSTRIAL BLVD COMANCHE TX 76442 X MONTY CARLISLE PRESIDENT 11.80 X X 13200 0 0 PHIL TAYLOR VICE PRESIDENT 2.30 X X 14614 0 0 RANDY DENNING DIRECTOR 1.40 X 13200 0 0 TROY STEWART DIRECTOR 8.70 X 13200 0 0 RUBY SOLOMON SECRETARY/TREASURER 7.80 X X 13200 0 0 LOREN STROEBEL DIRECTOR 1.90 X 13200 0 0 JAMES MCDOUGAL DIRECTOR 1.40 X 13200 0 0 ALAN LESLEY GENERAL MANAGER/CEO 55.00 X 234022 0 65290 KELLIE DETERS DIRECTOR OF FINANCE 45.00 X 129222 0 66830 EDDIE STRUBE DIRECTOR OF OPERATIONS 50.00 X 163418 0 99026 CHAD FOREMAN DIRECTOR OF IT 50.00 X 134139 0 39234 JUSTIN RILEY LINE SUPERVISOR 50.00 X 136960 0 36207 TIM PALLETTE 1ST CLASS LINEMAN 47.00 X 119655 0 33754 KETIH STEWARD POWER QUALITY 47.00 X 120383 0 25635 1131613 0 365976 12 0 1 0 NORTHEAST TREE SERVICE INC PO BOX 1185 KENNEDALE TX 76060 TREE TRIMMING 1850045 S & H POWERLINE CONSTRUCTION 725 BELLVIEW RD CRAWFORD TX 76638 CONSTRUCTION CONTRACTOR 703446 SCHNEIDER ENGINNEERING LLC 191 MENGER SPRINGS PARKWAY BOERNE TX 78006 ENGINEERING 358153 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER NORTH STE 500 ATLANTA GA 30338 BILLING, PRINTING, MAILING SERVICES 349835 PANNELL CONTRACTING LLC PO BOX 266 BOERNE TX 78006 TREE TRIMMING 218383 7 X SALES OF ELECTRICITY 221000 47749525 47749525 SERVICE FEES 221000 146160 146160 PATRONAGE DIVIDENDS 221000 -171189 -171189 47724496 101465 101465 152431 0 152431 152431 152431 421369 192165 229204 229204 229204 4603 0 4603 4603 MISC SALES & INSTALLATION 230000 186416 186416 AIR EVAC REVENUE 524298 107688 107688 POLE ATTACHMENT INCOME 221000 95313 95313 389417 48601616 47958303 446535 196778 X 1671041 589178 2532219 364285 302210 213491 2208022 3030129 PURCHASED POWER 32134311 DISTRIBUTION EXPENSE 3258287 ADMIN & GENERAL EXPENSE 1013587 UNRELATED BUS. INC. TAX 21600 912831 48251191 X 4621607 766927 12 2777905 588660 508045 1082774 1424168 24200856 23098542 109095021 29761205 77056952 79333816 17795465 17551570 2494584 2543839 127840910 128004812 6336912 7581024 844722 909794 63500703 60628325 6442446 6990925 77124783 76110068 X 191370 194450 0 0 50524757 51700294 50716127 51894744 127840910 128004812 X 350425 828192 X X 0 1 X 0 0 0 1 X 367593 367593 4817705 801850 4015855 102419873 28959355 73460518 1489850 1489850 79333816 PAT CAP - BEC 15533139 C PAT CAP - TEC 953069 C PAT CAP - CFC 159161 C PAT CAP - NRTC 126475 C PAT CAP - COBANK 111493 C PAT CAP - SEDC 105457 C PAT CAP - OTHER 11163 C CAPITAL TERM CERT. - CFC 483044 C MEMBERSHIPS IN ASSOC. ORGS. 15665 C PAT. CAP. - FEDERATED 52904 C 17551570 CONSUMER DEPOSITS 655199 ACCRUED OPERATING TAXES 358751 DEFERRED CREDITS - CONTRIBUTIONS IN AID OF CONSTRUCTION 840108 DEFERRED CREDITS - UNCLAIMED CAPITAL CREDITS 623931 DEFERRED CREDITS - CONTRIBUTIONS IN AID OF CONSTRUCTION - SUBSTATION 3575661 POWER COST ADJUSTMENT - OVER COLLECTED 937275 6990925 X 48334868 0 48334868 266748 266748 48601616 46313402 0 46313402 1937789 1937789 48251191 PART IV, LINE 2B: PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH AMOUNTS DETERMINED UNCLAIMED UNDER STATE LAW. THE AMOUNTS DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH AMOUNTS DETERMINED UNCLAIMED UNDER STATE LAW THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. FINALLY, THE COOPERATIVE HAS PUT INTO PLACE AN "OPERATION ROUNDUP" PLAN. MEMBERS WHO WISH TO PARTICIPATE IN THE PLAN VOLUNTARILY ROUND THEIR ELECTRIC BILLS UP TO THE NEAREST WHOLE DOLLAR. THE DIFFERENCE IS USED TO FUND THE PLAN. THE "OPERATION ROUNDUP" FUNDS ARE MAINTAINED IN A SEPARATE ACCOUNT AND USED TO SUPPORT EDUCATION PROJECTS, YOUTH PROJECTS, COMMUNITY PROJECTS AND EMERGENCY ASSISTANCE WITHIN THE COMMUNITIES AND AREAS SERVED BY THE COOPERATIVE. PART X, LINE 2: THE COOPERATIVE FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN FASB ACCOUNTING STANDARDS CODIFICATION 740-10-65-1. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITY, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING EXPENSE RECLASSIFIED TO EXPENSES 266,748. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 1,671,041. NON-OPERATING EXPENSE RECLASSIFIED TO EXPENSES 266,748. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. PART XII, LINE 4B: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. 1 X 0 0 0 ALAN LESLEY GENERAL MANAGER/CEO 223174 0 256 0 10592 0 53064 0 12226 0 299312 0 0 0 EDDIE STRUBE DIRECTOR OF OPERATIONS 154188 0 271 0 8959 0 88058 0 10968 0 262444 0 0 0 KELLIE DETERS DIRECTOR OF FINANCE 122152 0 271 0 6799 0 53228 0 13602 0 196052 0 0 0 CHAD FOREMAN DIRECTOR OF IT 128109 0 271 0 5759 0 25511 0 13723 0 173373 0 0 0 JUSTIN RILEY LINE SUPERVISOR 136327 0 271 0 362 0 25764 0 10443 0 173167 0 0 0 TIM PALLETTE 1ST CLASS LINEMAN 115493 0 271 0 3891 0 20604 0 13150 0 153409 0 0 0 PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. ALAN LESLEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 41,874 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,190 TOTAL REPORTED IN COLUMN C $ 53,064 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (41,874) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 31,372 EXPENSE TO THE COOPERATIVE $ 42,562 EDDIE STRUBE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 78,730 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,328 TOTAL REPORTED IN COLUMN C $ 88,058 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (78,730) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 21,381 EXPENSE TO THE COOPERATIVE $ 30,709 KELLIE DETERS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 48,023 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,205 TOTAL REPORTED IN COLUMN C $ 53,228 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (48,023) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,790 EXPENSE TO THE COOPERATIVE $ 22,995 CHAD FOREMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,334 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,177 TOTAL REPORTED IN COLUMN C $ 25,511 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,334) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,742 EXPENSE TO THE COOPERATIVE $ 26,919 JUSTIN RILEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,755 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,009 TOTAL REPORTED IN COLUMN C $ 25,764 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,755) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,203 EXPENSE TO THE COOPERATIVE $ 25,212 TIM PALLETTE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 18,515 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,089 TOTAL REPORTED IN COLUMN C $ 20,604 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (18,515) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,199 EXPENSE TO THE COOPERATIVE $ 16,288 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED THE FORM 990 PRIOR TO FILING AND PRESENTED A COPY TO THE BOARD FOR DISCUSSION AND REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS AND THE GENERAL MANAGER ARE REQUIRED TO REVIEW THE COOPERATIVE'S CONFLICT OF INTEREST POLICY AND COMPLETE AND SIGN THE COOPERATIVE'S "CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM". FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW AND UTILIZE INTERNAL RESOURCES WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE GENERAL MANAGER UTILIZES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE PROVIDES ALL NEW MEMBERS WITH A MEMBERSHIP PACKET, WHICH INCLUDES THE COOPERATIVE'S GOVERNING DOCUMENTS. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. FINALLY, A SUMMARIZED COPY OF THE COOPERATIVES FINANCIAL STATEMENTS ARE PUBLISHED IN COOP POWER MAGAZINE AND THE COOPERATIVE'S BYLAWS CAN BE FOUND ON ITS WEBSITE. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR EMPLOYEE OFFICERS ARE COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 3,127,397 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (93,814) LESS: OFFICER BENEFITS REPORTED ON LINE 5 (132,120) PLUS: SALARIES AND WAGES ALLOCATED TO PURCHASED POWER 163,261 PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 6,276 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,318,927 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 171,350 TOTAL WAGES ACCRUED AND/OR PAID $ 4,555,277 FORM 990, PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 853,673 OFFICE SUPPLIES 417,668 OUTSIDE SERVICES 495,798 DIRECTORS 104,229 MISCELLANEOUS GENERAL 234,831 ADVERTISING AND PUBLIC RELATIONS 89,296 DUES TO ASSOCIATED ORGANIZATIONS 53,491 ANNUAL MEETING 78,387 REGULATORY COMMISSION 79,661 MAINTENANCE OF GENERAL PLANT 144,097 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 2,551,131 LESS: RECLASS OF TOWER RENT EXPENSE TO PART VII, LINE 6 (32,547) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (93,814) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,045,670) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (365,513) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,013,587 FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2024 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CUSTOMER ACCOUNTS $ 390,560 CUSTOMER SERVICE AND INFORMATION 175,448 OTHER DEDUCTIONS (3,963) TOWER EXPENSE 84,038 AIR EVAC EXPENSE 87,736 ENGINEERING SERVICE EXPENSE 179,012 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 912,831 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 1,671,041. PATRONAGE CAPITAL RETIRED - TOTAL -904,606. PATRONAGE CAPITAL RETIRED - DISCOUNT 58,677. NET CHANGE IN MEMBERSHIPS 3,080. FORM 990, PART XII, LINE 2C: THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. CECA HOLDINGS LLC PO BOX 729 COMANCHE TX 76442 SOLAR SALES & INSTALLATIONS TX 186416 255086 COMANCHE COUNTY ELECTRIC COOPERATIVE ASSOCIATION