2018-10-30T08:14:35-07:00 2017-12-31 541320089 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2017-01-01 540164798 CENTRAL VIRGINIA ELECTRIC COOPERATIVE CENT 4342638336 PO BOX 247 LOVINGSTON VA 22949 GARY E WOOD President & CEO 2018-10-30 true G STEVEN GILLIAM CPA P00348264 8043231313 2017 2018-06-14 16:35:46Z GARY E WOOD 800 Cooperative Way Arrington VA 22922 80836662 false false X N/A X 1937 VA SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of Central Virginia Electric Cooperative 9 9 118 429 -1771 0 85924522 80434242 -81368 119391 202683 212195 86045837 80765828 0 2092465 3028413 11819958 11957382 0 0 70868891 65235107 84781314 80220902 1264523 544926 185005983 196827820 130306901 140256923 54699082 56570897 SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of Central Virginia Electric Cooperative false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO The MEMBERS of Central Virginia Electric Cooperative. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS:COST OF POWER $47,191,308OTHER SALARIES AND WAGES $7,730,796DEPRECIATION $7,467,341 false false false false false false false false false true false false false true true 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 false false false false false false true 56 0 true 118 true false false false false false false false false false 79692234 932662 false false false X 9 9 false false false false true true true true false false false true true true true true true true true false X THE CORPORATION 4342638336 800 COOPERATIVE WAY ARRINGTON VA 22922 GLORIA W VEST Secretary 10.00 0.00 X X 25600 0 0 R KINCKLE ROBINSON Vice Chairman 8.00 0.00 X X 25100 0 0 JACE GOODLING Director 7.00 0.00 X 24350 0 0 HENRY CHILES Director 6.00 0.00 X 22100 0 0 ROBERTA HARLOWE Treasurer 10.00 0.00 X X 28600 0 0 HT Brown JR Chairman 8.00 0.00 X X 25850 0 0 GEORGE GOIN Director 15.00 0.00 X 24600 0 0 Robert Duncan Retired 8.00 0.00 X 15400 0 0 Brian Bates Director 8.00 0.00 X 2300 0 0 FRANK BABER III Director 8.00 0.00 X 26100 0 0 CHARLES MAURHOFF VP Oper. & Eng. 55.00 0.00 X 167827 0 61575 GARY E WOOD President & CEO 55.00 0.00 X 370256 0 64159 TINA M MALLIA Vice President 55.00 0.00 X 147435 0 40360 Robert Harris Engineer 40.00 0.00 X 115761 0 41357 Jason Palmer Operations Mgr 40.00 0.00 X 113113 0 26961 Joseph Key Engineering Mgr 40.00 0.00 X 127364 0 51354 Matthew Wood Info Tech Mgr 40.00 0.00 X 138569 0 36359 Thomas Gardner Foreman 40.00 0.00 X 113300 0 37516 1513625 359641 23 false true false GD FERGUSON & CO INC 235 Cat Rock Mtn Ln Roseland VA 22967 Tree Trimming Cont. 899891 LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 Construction 982387 WA STRATTON CONSTRUCTION PO BOX 969 APPOMATTOX VA 24522 CONSTRUCTION 1747386 THE LE MYERS CO 22386 Network Pl Chicago IL 60673 CONSTRUCTION 1307112 XYLEM TREE EXPERTS 208 E PLUME ST NORFOLK VA 23510 Tree Trimming 1290802 13 0 CONTRIB. IN AID OF CONST. 221000 582908 582908 PATRONAGE ALLOCATIONS REC 221000 159100 159100 SALE & DIST. OF ELECT. 221000 79692234 79692234 80434242 79906 79906 0 0 211766 211766 211766 211766 110319 70834 39485 39485 39485 0 0 0 PNG COMMISSIONS 900099 429 429 429 80765828 80434242 429 331157 X 0 0 0 3028413 1071612 0 7730796 2169849 311820 673305 0 191678 0 0 0 0 0 0 0 0 0 0 1743236 0 21736 4805654 0 7467341 0 COST OF POWER 47191308 DISTRIBUTION - MAINTENANCE 3502927 ADMINISTRATIVE & GENERAL 2525323 DISTRIBUTION - OPERATION 2294400 -4508496 80220902 0 0 0 1682904 859497 0 0 11089628 11537428 0 0 0 2320705 2199489 3913918 4359251 246311893 71798926 162823640 174512967 0 0 2411230 2564839 0 763958 794349 185005983 196827820 6247298 7439104 117926394 125661018 6133209 7156801 130306901 140256923 X 54699082 56570897 54699082 56570897 185005983 196827820 X 544926 1326889 X false true X true false 246311893 71798926 174512967 174512967 PATRONAGE CAPITAL ALLOCATIONS 1410222 C CAPITAL TERM CERTIFICATES 1151146 C MEMBERSHIP FEES 3471 C ACCRUED POSTRETIREMENT BENEFIT COST 2018565 CONSUMER DEPOSITS 1977978 DEFERRED COMPENSATION 400000 DEFERRED CREDITS 2760258 7156801 X 80340722 157802 157802 80182920 582908 582908 80765828 77192489 77192489 3028413 3028413 80220902 Part X : FIN48 Footnote The Cooperative follows the guidance for "uncertain tax positions" in accordance with accounting principles generally accepted in the United States of America. The Cooperative has determined that it is more likely than not that its tax positions will be sustained upon examination by the Internal Revenue Service. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 non-cash patronage allocation adjustment $157802 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S contributions in aid of construction $582908 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage Div. paid to members' accts. $3028413 X X X X X false false false CHARLES MAURHOFF VP Oper. & Eng. 163680 4147 46261 15314 229402 GARY E WOOD President & CEO 367227 3029 48845 15314 434415 Joseph Key Engineering Mgr 127364 36040 15314 178718 Matthew Wood Info Tech Mgr 136341 2228 21045 15314 174928 Robert Harris Engineer 115761 26043 15314 157118 Thomas Gardner Foreman 113300 22202 15314 150816 TINA M MALLIA Vice President 143172 4263 25046 15314 187795 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Central Virginia Electric Cooperative is an electric cooperative that delivers electricity to the members of the cooperative. The members elect the board of directors, which is the governing body of the cooperative. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members of the governing board are elected by the membership of the cooperative. Each member receives one vote. The board has monthly meetings and an annual meeting that is open to the entire membership. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Certain decisions of the governing body are subject to approval by the members as provided for in the cooperative bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process The CEO and CFO along with the Finance and Accounting Manager review a draft of the 990 with the board of directors. A copy of the 990 is provided to the directors electronically through a director portal prior to the filing of the tax return. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Cooperative's legal counsel annually reviews the conflict of interest compliance and enforcement with the governing board. In addition, each director must annually complete and sign a conflict of interest certification and disclosure form. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The governing board has a compensation committee that reviews the CEO's performance annually and recommends salary changes to the board. As part of this review, the committee considers salary data nationally as well as other statewide comparison data from electric cooperatives throughout the state. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial data is provided to the membership at the annual regularly scheduled membership meeting. Financial data is also provided in the member newsletter that gives the notice of the annual meeting. Other governing documents are available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases CONTRIBUTIONS IN AID OF CONSTRUCTION NOT REVENUE PER GAAP = -$582908 Other Changes In Net Assets Or Fund Balances - Other Decreases NET RETIREMENT OF CAPITAL CREDITS PAID = -$1380011 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS = $157802 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXPENSE PER GAAP = $3028413 Other Changes In Net Assets Or Fund Balances - Other Increases UNRECOGNIZED POST RETIREMENT ACTUARIAL GAIN = $103593 990 Part IX Line 17 Travel Expense Travel costs includes the expenses of purchasing, leasing, operating, and repairing any vehicles owned by the Corporation and used in the Corporation's activities. Travel costs also include transportation costs, meals and lodging, and per diem payments. FORM 990 PART IX LINE 4 - BENEFITS PAID TO MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN CENTRAL VA ELECTRIC COOPERATIVE'S BY-LAWS. THE COOPERATIVE IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4.