OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC (EIN 93-0958642)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-08
- IRS object ID
- 201713129349302946
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-08T14:19:18-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 930958642 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OREGON TRAIL ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | CONSUMERS COOPERATIVE INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OREG | BusinessNameControlTxt |
| Phone | 5415233616 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 226 | AddressLine1Txt |
| City | BAKER CITY | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97814 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LES M PENNING | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Signature | 2017-11-08 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $54,113,754 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | OTECC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | OR | LegalDomicileStateCd |
| Activity Or Mission | To use the Cooperative way of business to provide reliable electric service in a manner that will enhance the economy and the quality of life of the area; to achieve an atmosphere that encourages and supports employees in the pursuit of consumer satisfaction. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 89 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $51,063,415 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $53,010,091 | CYProgramServiceRevenueAmt |
| PY Investment Income | $112,839 | PYInvestmentIncomeAmt |
| CY Investment Income | $131,186 | CYInvestmentIncomeAmt |
| PY Other Revenue | $961,029 | PYOtherRevenueAmt |
| CY Other Revenue | $972,477 | CYOtherRevenueAmt |
| PY Total Revenue | $52,137,283 | PYTotalRevenueAmt |
| CY Total Revenue | $54,113,754 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,074,799 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,265,894 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,141,543 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,588,679 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $47,920,941 | PYOtherExpensesAmt |
| CY Other Expenses | $49,259,181 | CYOtherExpensesAmt |
| PY Total Expenses | $52,137,283 | PYTotalExpensesAmt |
| CY Total Expenses | $54,113,754 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $133,669,972 | TotalAssetsBOYAmt |
| Total Assets EOY | $133,358,159 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $60,138,138 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $59,182,929 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $73,531,834 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $74,175,230 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To use the Cooperative way of business to provide reliable electric service in a manner that will enhance the economy and the quality of life of the area; to achieve an atmosphere that encourages and supports employees in the pursuit of consumer satisfaction. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVIDE ELECTRIC SERVICE TO OUR MEMBER - OWNERS | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 55 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 89 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Members And Shr Gross Income | $52,454,224 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,283,578 | OtherSourcesGrossIncomeAmt |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY BAILEY | PersonNm |
| Phone | 5415233616 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4005 23rd ST BAKER CITY OR | AddressLine1Txt |
| City | BAKER CITY | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 978140226 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| CHARLES HOFMANN | |||||||||
| Director | 3.00 | 0.00 | Yes (X) | $16,100 | $0 | $0 | |||
| GREG HOWARD | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $20,350 | $0 | $0 | |||
| ROBERT CARGILL | |||||||||
| DIRECTOR | 5.00 | 0.00 | Yes (X) | $20,100 | $0 | $0 | |||
| AUSTIN BINGAMAN | |||||||||
| Vice President | 4.00 | 0.00 | Yes (X) | $17,300 | $0 | $0 | Yes (X) | ||
| GEORGE GALLOWAY | |||||||||
| President | 5.00 | 0.00 | Yes (X) | $23,350 | $0 | $0 | Yes (X) | ||
| DAVID BAUM | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $18,500 | $0 | $0 | |||
| GARY MILLER | |||||||||
| Director | 8.00 | 0.00 | Yes (X) | $23,700 | $0 | $0 | |||
| WAYNE OVERTON | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $26,250 | $0 | $0 | |||
| CHARLENE CHASE | |||||||||
| Secretary | 5.00 | 0.00 | Yes (X) | $19,100 | $0 | $0 | Yes (X) | ||
| WERNER G BUEHLER | |||||||||
| EXITING CEO | 60.00 | 0.00 | $638,910 | $0 | $146,225 | Yes (X) | |||
| ANTHONY C BAILEY | |||||||||
| CFO | 55.00 | 0.00 | $155,452 | $0 | $132,449 | Yes (X) | |||
| LES M PENNING | |||||||||
| CEO | 60.00 | 0.00 | $10,833 | $0 | $33,716 | Yes (X) | |||
| EDWARD RATTERMAN | |||||||||
| MGR OF OPERATIONS AND ENGINEERING | 55.00 | 0.00 | $167,642 | $0 | $118,702 | Yes (X) | |||
| CHARLES TRACY | |||||||||
| SYSTEM ENGINEER | 45.00 | 0.00 | $127,422 | $0 | $53,228 | Yes (X) | |||
| MICHAEL MITCHELL | |||||||||
| GENERAL FOREMAN | 44.00 | 0.00 | $127,193 | $0 | $57,011 | Yes (X) | |||
| DEBBY RAY | |||||||||
| DIR. OF HUMAN RES. | 45.00 | 0.00 | $120,131 | $0 | $65,334 | Yes (X) | |||
| SANDRA GHORMLEY | |||||||||
| DIR. OF MEMBER SVC | 45.00 | 0.00 | $119,505 | $0 | $79,769 | Yes (X) | |||
| VERNON MCCLUSKEY | |||||||||
| DIST. SUPER. | 50.00 | 0.00 | $118,903 | $0 | $58,600 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,770,741 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $745,034 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JENSENS TREE SERVICE | |||||
| PO BOX 500 | GLENDALE | OR | 97442 | TREE TRIMMING | $1,091,779 |
| THE TREE SERVICE | |||||
| PO BOX 17 | BURNS | OR | 97720 | TREE TRIMMING | $456,501 |
| SOUTHEASTERN DATA COOPERATIVE INC | |||||
| 100 ASHFORD DRIVE SUITE 500 | ATLANTA | GA | 30338 | SOFTWARE & BILLING | $421,939 |
| OSMOSE UTILITIES SERVICES INC | |||||
| 980 ELLICOTT STREET | BUFFALO | NY | 142092398 | POLE TESTING | $195,978 |
| ALTEC INDUSTRIES INC | |||||
| 5202 E 36 HWY | ST JOSEPH | MO | 64507 | CUSTOM VEHICLE BUILD | $176,527 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC ENERGY SALES | 221000 | $52,122,340 | $52,122,340 | |
| OTHER ELECTRIC REVENUE | 221000 | $667,908 | $667,908 | |
| PATRONAGE DIVIDENDS | 221000 | $88,693 | $88,693 | |
| POLE RENTAL INCOME | 221000 | $131,150 | $131,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $53,010,091 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $131,186 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $131,186 | RelatedOrExemptFuncIncomeAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| BPA EXCHANGE SETTLEMENT | 221000 | $970,977 | $970,977 |
| SALE OF MAT'LS TO MEMBERS | 221000 | $1,500 | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $972,477 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,113,754 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,893,911 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $219,843 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,265,894 | TotalAmt |
| Program Services | $3,265,894 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,588,679 | TotalAmt |
| Program Services | $1,403,929 | ProgramServicesAmt |
| Management And General | $184,750 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,397,938 | TotalAmt |
| Program Services | $2,397,938 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,607,109 | TotalAmt |
| Program Services | $4,607,109 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PURCHASED POWER EXPENSE | $26,390,667 | $26,390,667 |
| DISTRIBUTION EXPENSE | $6,413,545 | $6,413,545 |
| ADM.& GEN. EXPENSE | $4,941,914 | $4,941,914 |
| CUST. ACCTS, INFO EXP.& SALES | $2,395,368 | $2,395,368 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,112,640 | TotalAmt |
| Program Services | $2,112,640 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,113,754 | TotalAmt |
| Program Services | $53,929,004 | ProgramServicesAmt |
| Management And General | $184,750 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,010 | BOYAmt |
| EOY | $4,360 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,599,101 | BOYAmt |
| EOY | $8,209,149 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,475,239 | BOYAmt |
| EOY | $6,673,224 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,175 | BOYAmt |
| EOY | $92,508 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,328,441 | BOYAmt |
| EOY | $3,824,775 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,299,686 | BOYAmt |
| EOY | $3,793,516 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $155,636,135 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $52,546,433 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,200,747 | BOYAmt |
| EOY | $103,089,702 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,639,573 | BOYAmt |
| EOY | $7,670,925 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,669,972 | BOYAmt |
| EOY | $133,358,159 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,997,867 | BOYAmt |
| EOY | $8,613,650 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,265,813 | BOYAmt |
| EOY | $49,581,512 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $874,458 | BOYAmt |
| EOY | $987,767 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,138,138 | BOYAmt |
| EOY | $59,182,929 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,464,340 | BOYAmt |
| EOY | $1,539,992 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,067,494 | BOYAmt |
| EOY | $72,635,238 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,531,834 | BOYAmt |
| EOY | $74,175,230 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,669,972 | BOYAmt |
| EOY | $133,358,159 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $643,396 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $368,739 | OtherCostOrOtherBasisAmt |
| Book Value | $368,739 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,456,952 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,970,348 | DepreciationAmt |
| Book Value | $9,486,604 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,845,435 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,032,483 | DepreciationAmt |
| Book Value | $4,812,952 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $131,965,009 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,543,602 | DepreciationAmt |
| Book Value | $88,421,407 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $103,089,702 | TotalBookValueLandBuildingsAmt |
| Total Book Value Securities | $7,670,925 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Contributions in aid of Construction | Desc |
| Amt | $987,767 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $987,767 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $54,113,754 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $54,113,754 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $54,113,754 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $50,847,860 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $50,847,860 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,265,894 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,265,894 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $54,113,754 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | FormAndLineReferenceDesc |
| Explanation | Benefits Paid to Members $3265894 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| ANTHONY C BAILEY | |||||
| CFO | $140,829 | $14,623 | $99,688 | $32,761 | $287,901 |
| CHARLES TRACY | |||||
| SYSTEM ENGINEER | $115,822 | $11,600 | $22,535 | $30,693 | $180,650 |
| DEBBY RAY | |||||
| DIR. OF HUMAN RES. | $117,721 | $2,410 | $56,701 | $8,633 | $185,465 |
| EDWARD RATTERMAN | |||||
| MGR OF OPERATIONS AND ENGINEERING | $138,169 | $29,473 | $87,520 | $31,182 | $286,344 |
| MICHAEL MITCHELL | |||||
| GENERAL FOREMAN | $99,442 | $27,751 | $44,434 | $12,577 | $184,204 |
| SANDRA GHORMLEY | |||||
| DIR. OF MEMBER SVC | $117,726 | $1,779 | $49,836 | $29,933 | $199,274 |
| VERNON MCCLUSKEY | |||||
| DIST. SUPER. | $117,639 | $1,264 | $27,668 | $30,932 | $177,503 |
| WERNER G BUEHLER | |||||
| EXITING CEO | $363,726 | $275,184 | $112,754 | $33,471 | $785,135 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part III, Additional Information | FormAndLineReferenceDesc |
| Explanation | The compensation for 2016 for Werner G. Buehler included $257,587 of "Other Reportable Compensation" paid during the year originated from a Non-Qualified Deferred Compensation Plan. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (15 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Client Note 1 | Client Note 1 - OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE, INC.TAX YEAR ENDED DECEMBER 31, 2016FORM 990, PAGE 5, PART V, LINE 11b 93-0958642GROSS INCOME RECEIVED FROM OTHER SOURCES:INTEREST INCOME $ 131,186CAPITAL CREDIT DISCOUNTS TAKEN 74,570CAPITAL CREDITS REC'D - CFC 165,237CAPITAL CREDITS - OTHER 88,693OTHER NON OPERATING INCOME 1,500CONTRIBUTION IN AID OF CONSTRUCTION 838,647C&R DISCOUNT 983,745 TOTAL GROSS INCOME RECEIVED FROM OTHER SOURCES $2,283,578 |
| Client Note 2 | Client Note 2 - ANALYSIS OF PLANT AND ACCUMULATED DEPRECIATION TOTAL ELECTRIC PLANT AS OF 12/31/2016 DATE COST ORPROPERTY ELECTRIC PLANT ACQUIRED OTHER BASISPRODUCTION 88-93 $2,531TRANSMISSION 88-16 $ 11,645,286DISTRIBUTION 88-16 $105,070,981GENERAL PLANT 88-16 $ 23,107,371INTANGIBLE PLANT 88-89 $ 370,520CONSTRUCTION IN PROGRESS 13-16 $ 400,703ACQUISTION ADJUSTMENT 88-89 $ 10,107,659COMPLETED CONSTR/LEASED PLANT 91-16 $ 4,931,084TOTAL PLANT $155,636,135 ANALYSIS OF CHANGES IN ACCUMULATED DEPRECIATION AS OF 12/31/2016ACCUMULATED DEPRECIATION TOTAL 1. BALANCE BEGINNING OF YEAR $50,838,378 2. ADDITIONS - DEPRECIATION ACCRUALS CHARGED TO: A. DEPRECIATION EXPENSE $ 4,607,109 B. CLEARING ACCOUNTS AND OTHERS $ 302,609 C. SUBTOTAL (A+B) $ 4,909,718 3. LESS - PLANT RETIREMENTS: A. PLANT RETIRED $ 3,170,762 B. REMOVAL COSTS $ 578,352 C. SUBTOTAL (A+B) $ 3,749,114 4. PLUS SALVAGED MATERIALS $ 583,436 5. TOTAL (2c-3c+4) $ 1,744,040 6. OTHER ADJUSTMENTS - DEBIT OR CREDIT $ 43,571 7. BALANCE END OF YEAR (1+5+6) $52,625,989 8. LESS RETIREMENT WORK IN PROGRESS $ 79,557 9. TOTAL ACCUMULATED DEPRECIATION $52,546,432 |
| Client Note 3 | Client Note 3 - OTHER SELECTED DISCLOSURES FOR THE YEAR ENDED DECEMBER 31, 2016BECAUSE A UTILITY'S BOOKS AND RECORDS ARE NOT MAINTAINED ON A METHOD TO PROVIDE THE DISCLOSURES REQUESTED IN PART IX OF FORM 990, THE FOLLOWING DISCLOSURES ARE INCLUDED AS ADDITIONAL INFORMATION. AMOUNTS CAPITALIZED REPRESENT COSTS THAT WERE INCLUDED IN THE CONSTRUCTION OF ELECTRIC PLANT, RATHER THAN BEING EXPENSED DURING THE CURRENT PERIOD. SOME AMOUNTS MAY BE ESTIMATED.TOTAL SALARIES AND WAGES $7,672,816 CAPITALIZED PAYROLL INCLUDED ABOVE 1,461,814AMOUNTS LISTED BELOW INCLUDE BOTH EXPENSED AND CAPITALIZED AMOUNTS:PENSION CONTRIBUTIONS 2,196,871OTHER EMPLOYEE BENEFITS 1,792,525PAYROLL TAXES 657,896 LEGAL FEES 114,639ACCOUNTING FEES 29,430OTHER CONSULTANTS 283,070ADVERTISING AND PROMOTION 40,479 |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | There is only one class of membership for all residential, commercial, irrigation and industrial customers. Anyone that buys power from the cooperative is a member, unless they specifically decline membership when they sign up to receive service. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | The cooperative is governed by a nine member board of directors. The Board of Directors appoints a nominating committee in each operating district of the cooperative. The members of the nominating committee in are published in local media in each district in a press release that includes the general qualifications to become a board member. In addition to those nominated by the committtee, members can be placed on the ballot if a petition is presented to the Board of Directors that contains 50 signatures of members (subject to time limitations as outlined in the bylaws of the cooperative).The directors serve three year terms. Ballots are mailed to all members prior to the annual meeting and are counted at the meeting. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | The Board of Directors is elected from the members of the cooperative. All changes in bylaws, or a sale of the cooperative does require a vote of the membership. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The Form 990 is reconciled to the audited financial statements for the year. The answers to the governance, management policies, gross revenue test and compensation sections are reviewed in detail. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The cooperative has a board policy whereby each board member is required annually to complete a detailed disclosure statement and certification of compliance with the Conflict of Interest Policy. If any board member has a conflict with an issue, before the item is discussed, the board member leaves the meeting.Officers and Key Employees complete a detailed checklist annually documenting potential conflicts of interest, if any. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | OTEC has had a compensation study completed by industry consultants that is updated annually. The consultant works with the Human Resourses Department to update job descriptions and job duties prior to the consultant updating the study.The Board of Directors has a compensation committee that is responsible for making a recommendation to the entire Board of Directors for adjustments to the CEO's compensation. As a part of the process, the Board of Directors set annual goals for the CEO. Based on those goals, the compensation committee prepares a performance review on which any pay adjustment is based.All employees have annual performance reviews prepared during the annual compensation adjustment process. The performance appraisals and compensation study are utilized in determining annual adjustments to Officers and Key Employees. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The Form 990 is available on Guidestar.org. Condensed financial statements are published in Ruralite Magazine prior to our annual meeting every spring. Selected policies are available on our Website at OTECC.com, additionally, policies may be obtained by coming into our Headquarters office. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Current Year Net Operating Margins Allocated = $3265894 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Decedent Retirement Discounts = $74570 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Increase in Memberships and Donated Capital = $1081 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Retirement of Patronage Capital = -$2698149 |
| FORM 990, PART I, LINE 14 - BENEFITS PAID TO MEMBERS | THE AMOUNT INCLUDED ON THIS LINE, REPRESENTS CAPITAL CREDITS ALLOCATED TO MEMBERS FOR THE CURRENT TAX YEAR (ALLOCATED AFTER THE END OF THE YEAR THE MARGINS WERE EARNED). THIS AMOUNT ALSO APPEARS IN FORM 990 PART IX, LINE 4; FORM 990 PAGE 12, LINE 9 TO RECONCILE CHANGES IN NET ASSETS; AND FORM 990, SCHEDULE D, SECTION XII, LINE 4B AS A RECONCILING ITEM TO ARRIVE AT EXPENSES PER AUDIT. CURRENT YEAR MARGINS $3,265,894. CAPITAL CREDITS RETIRED DURING 2016 WERE $2,698,149. |