2018-10-30T12:56:18-05:00 2017-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2017-01-01 730431276 RURAL ELECTRIC COOPERATIVE INC RURA 4057563104 PO BOX 609 LINDSAY OK 730520609 DALE NYE MANAGER / CEO 4057563104 2018-10-29 true SEAN B DUNAHAY CPA P00086460 9187498337 2018-10-08 64.207.232.134 2018-10-30 12:56:18 CD P 4C8A41972BB33917DC249F0BC4823617510CB3CA 4C8A41972BB33917DC249F0BC4823617510CB3CA 2017 2018-06-14 16:35:46Z DALE NYE PO BOX 609 LINDSAY OK 730520609 36715257 false X WWW.RECOK.COOP X 1938 OK TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS 9 8 57 0 0 36547868 36050713 274229 360532 66721 267233 36888818 36678478 13334 15793 3598246 1656736 5107358 4395514 0 0 29279159 30304509 37998097 36372552 -1109279 305926 82119516 83515581 43224425 43186255 38895091 40329326 X TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS false false PROVIDING ELECTRIC POWER TO OUR MEMBERS - APPROXIMATELY 11,531 ACTIVE SERVICES WERE PROVIDED ELECTRIC POWER ON A COOPERATIVE BASIS AT YEAR END THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. PROVIDING ELECTRIC POWER TO OUR MEMBERS - 11,531 ACTIVE SERVICES WERE PROVIDED ELECTRIC POWER ON A COOPERATIVE BASIS AT YEAR END THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. false false false false false false false false false true false true false true true true true false false false false false false false false false false false true false false false false false true false false false false false true true false false true 56 0 57 true false false false false false 35452465 1245579 false X 9 8 false false false false true true true true true false false true true true false true true true true false OK X LINDA RAY CHIEF FINANCIAL OFFICER 4057563104 801 N INDUSTRIAL HEIGHTS LINDSAY OK 73052 GARY SCOTT CHRISTIAN VICE-PRESIDE 16.00 X X 43203 0 0 BRENT BACON SECRETARY/ T 15.00 X X 40408 0 0 GARY JONES PRESIDENT 12.00 X X 36772 0 0 CHARLES CRAWFORD TRUSTEE 9.00 X 35812 0 0 JOHNNY HARREL TRUSTEE 6.00 X 34871 0 0 RANDALL GRISWOLD TRUSTEE 11.00 X 22798 0 0 LARRY ANDERSON TRUSTEE 11.00 X 22525 0 0 MARK FINCH TRUSTEE 9.00 X 18375 0 0 TERRI HAYS TRUSTEE 3.00 X 9913 0 0 DALE NYE MANAGER / CE 40.00 X 264929 0 87783 LINDA RAY CFO 40.00 X 158051 0 65450 ALTON BROWN LINEMAN 62.00 X 124699 0 45154 EDWARD BEVERS MGR OF ENGIN 40.00 X 106789 0 53755 919145 252142 4 false true false MARK'S ELECTRIC CONSTRUCTION INC PO BOX 646 PAULS VALLEY OK 73075 LINE CONSTR 476072 VARNELL'S POWERLINE CONSTRUCTION CO PO BOX 236 SAYRE OK 73662 LINE CONSTR 437004 WRIGHT TREE SERVICE PO BOX 1718 DES MOINES IA 50306 RIGHT OF WAY 363305 NORTHEAST RURAL SERVICES INC PO BOX 399 VINITA OK 74301 SPRAYING/ROW 256286 ASPLUNDH TREE EXPERT PO BOX 827464 PHILADELPHIA PA 19182 RIGHT OF WAY 212485 7 ELECTRIC SALES 221000 35452465 35452465 PATRONAGE DIVIDEND 221000 598248 598248 36050713 245989 245989 28739 28739 28739 28739 150507 35964 114543 114543 114543 815 -815 -815 OTHER 221000 125430 125430 OTHER CONTRACT WORK 221000 113879 113879 239309 36678478 36165256 513222 15793 1656736 843236 1809439 1455303 287536 1416807 2969894 COST OF PURCHASED POWER 21792168 GENERAL & ADMINISTRATIVE 1736939 CUSTOMER ACCOUNTS 1118197 TAXES 980703 289801 36372552 0 0 0 963606 189259 1000042 1000042 2344328 2700064 1089097 141075 26957 20249 1292984 1095926 85348056 24922132 57863445 60425924 15623057 16027042 1916000 1916000 82119516 83515581 2051585 2219002 36280165 36764568 4892675 4202685 43224425 43186255 X 30720 30755 38864371 40298571 38895091 40329326 82119516 83515581 305926 1128309 X false true X true false 724927 724927 9720596 1873439 7847157 74902533 23048693 51853840 60425924 PATRONAGE CAPITAL - WFEC 13568194 C CERTIFICATES 980060 C PATRONAGE CAPITAL - CFC 846087 C ACCUMULATED GAIN/ LOSS IN SUB 215710 C PATRONAGE CAPITAL - FEDERATED 151795 C PATRONAGE CAPITAL - NISC 113188 C PATRONAGE CAPITAL - ARKANSAS 71021 C PATRONAGE CAPITAL - CFC SECURITIES 40000 C PATRONAGE CAPITAL - COBANK 22445 C COMMON STOCK - REC SERVICES 10000 C PATRONAGE CAPITAL - CRC 7442 C OTHER INVESTMENTS IN ASSOC 1100 C 16027042 ACCUM PROVISION - PENSION & BENEFITS 2400581 ACCRUED EMPLOYEE PAYROLL AND LEAVE 651657 CONSUMER DEPOSITS 499315 DEFERRED CREDITS - WFEC 243479 ACCRUED TAXES 161096 OTHER ACCRUED LIABILITIES 133109 ENERGY PREPAYMENTS 72521 ACCRUED LIABILITY - 401K SAVINGS 40927 4202685 X 36690004 11526 11526 36678478 36678478 34715816 34715816 1656736 1656736 36372552 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AS LONG AS 85% OF ITS REVENUE IS FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. THE STATE OF OKLAHOMA RECOGNIZED THIS EXEMPTION FOR STATE INCOME TAXES. TO THE EXTENT THE COOPERATIVE ENGAGES IN UNRELATED TRADES OF BUSINESSES, IT WOULD BE SUBJECT TO THE UNRELATED BUSINESS INCOME TAX IMPOSED ON TAX-EXEMPT ENTITIES BY SECTION 511 OF THE INTERNAL REVENUE CODE. SCHEDULE D, PAGE 4, PART XI, LINE 2D EQUITY IN SUBSIDIARY 11,526 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDEND ALLOCATION 1,656,736 X X X false false false DALE NYE MANAGER / CEO 222770 11500 30659 63184 24599 352712 LINDA RAY CFO 155609 1700 742 40851 24599 223501 ALTON BROWN LINEMAN 122601 1500 598 19082 26072 169853 EDWARD BEVERS MGR OF ENGINEERING 102747 1500 2542 27683 26072 160544 SCHEDULE J, PART III 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 THE 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. 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 CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANICAL STATEMENTS. WESTERN FARMERS ELECTRIC COOP BOARD PRESIDENT THE COOPERA.... false SCHEDULE L, PART V SCH L,PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: WESTERN FARMERS ELECTRIC COOPERATIVE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: THE BOARD PRESIDENT IS A MEMBER ON WESTERN FARMERS BOARD. (C) DESCRIPTION OF TRANSACTION: THE COOPERATIVE PURCHASES ELECTRIC POWER FROM WESTERN FARMERS ELECTRIC COOPERATIVE. FORM 990 PART IX ACCOUNTING SYSTEM PART VIII, LINE 2B PART VII, COLUMN F PART VI, LINE 1B FORM 990, PAGE 2, PART III, LINE 4D PROVIDING ELECTRIC POWER TO OUR MEMBERS - 11,531 ACTIVE SERVICES WERE PROVIDED ELECTRIC POWER ON A COOPERATIVE BASIS AT YEAR END THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; 2. THE DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; AND 3. THE MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW, AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WERE PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE THE FILING OF THE FORM 990. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS AND A COMPENSATION COMMITTEE USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN OKLAHOMA AND THE NATION. FORM 990, PAGE 6, PART VI, LINE 15B THE GENERAL MANAGER USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT OKLAHOMA AND THE NATION. FORM 990, PAGE 6, PART VI, LINE 19 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 DISTRIBUTES A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. A COPY OF THE BY-LAWS IS PROVIDED TO ALL NEW MEMBERS, AND ANY BY-LAWS REVISIONS ARE HANDED OUT AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIP 35 PATRONAGE DIVIDEND ALLOCATION 1,656,736 CHANGE IN OTHER EQUITITIES 1,039,722 RETIREMENT OF PATRONAGE CAPITAL -1,252,610 TRANSFER OF NON OPERATING MARGINS -230,141 EQUITY METHOD (INCOME)LOSS FROM SUBSIDIARY 11,526 DECREASE IN ACCUM OCI -96,959 TOTAL 1,128,309 REC SERVICES INC 73-1370914 PO BOX 609 LINDSAY OK 73052 731370914 PROPANE DI OK N/A false false false false false false false false false false false false false false false false false false false false