2017-10-19T15:59:46-05:00 2016-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2016-01-01 940775035 PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE PLUM 5308324261 73233 HWY 70 SUITE A PORTOLA CA 961227064 ROBERT BINDER CFO 5308324261 2017-10-12 1 RYAN M JOHNSON CPA P01048788 5035857774 2017-10-12 69.30.50.66 2017-10-12 08:46:13 PD P AE4ACDF54F09409FB44056762757332B35ECF7F1 DB630D50BA2A5D7C92527AA3F0205E5C5F1298E8 2016 2021-01-29 14:40:06Z ROBERT MARSHALL 73233 HWY 70 SUITE A PORTOLA CA 961227064 26803357 0 X WWW.PSREC.COOP X 1937 CA PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS 7 7 64 0 312692 -111511 0 0 27561798 26018279 431521 520163 162524 170516 28155843 26708958 2977 748 0 331228 797765 750973 0 0 0 25304508 23086355 26105250 24169304 2050593 2539654 93519515 95269473 62189293 61796663 31330222 33472810 PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2016,THERE WERE 7,809 CUSTOMERS BILLED FOR SERVICE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 X 52 0 64 1 1 1 0 0 0 0 26197494 702618 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT BINDER - CFO 5308324261 C/O PSREC 73233 HWY 70 PORTOLA CA 961227064 X TOM HAMMOND DIRECTOR 12.00 X 4320 0 0 OLE OLSEN DIRECTOR 1.00 X 3500 0 0 DAVE ROBERTI PRESIDENT 10.00 X X 4780 0 0 DAVID HANSEN SECRETARY/TREASURER 10.00 X X 6460 0 0 DAN KENNEY DIRECTOR 10.00 X 5820 0 0 NANCY MILLER DIRECTOR 12.00 X 5500 0 0 FRED NELSON VICE PRESIDENT 10.00 X X 7780 0 0 ROBERT W MARSHALL CEO/ GENERAL MANAGER 60.00 X 330985 0 145507 WESLEY GRAY ENGINEERING & OPERATIONS MGR 47.00 X 179167 0 102357 JOSEPH OKONESKI SALES & PRODUCT MANAGER 55.00 X 142142 0 44063 MICHAEL BROZO ENERGY MANAGER 25.00 X 140033 0 11874 BRUCE SMITH LINE WORKING FOREMAN 44.00 X 141816 0 71455 DANIEL JONES PLANT OPERATOR 46.00 X 136518 0 68217 JUDY V MAY FORMER CFO 46.00 X 165307 0 71014 1274128 0 514487 24 1 1 0 DAVE SIMS TOPPERS TREE SERVICE 2651 RIVERDANCE RD QUINCY CA 95971 TREE TRIMMING 276675 SOUTHWEST ELECTRITECH SERVICES 3711 REGULUS AVE SUITE 2 LAS VEGAS NV 89102 CONSTRUCTION 188711 2 RESIDENTIAL 221000 11018169 11018169 PUBLIC AUTHORITIES 221000 10023015 10023015 COMMERCIAL LIGHTING 221000 2690259 2690259 IRRIGATION 221000 1472654 1472654 MISCELLANEOUS SERVICE 221000 814182 814182 26018279 520163 312692 207471 73165 178245 94399 0 -21234 178245 157011 157011 REIMBURSEMENTS 221000 13505 13505 13505 26708958 26031784 312692 364482 748 331228 750973 1880203 2599616 COST OF POWER 11597341 DISTRIBUTION AND TRANSM 3920736 CUSTOMER, ADMINISTRATIO 2494448 TAXES 594011 24169304 252304 516014 1947393 2246005 12588206 2275209 109771 159107 111261057 42561349 69029160 68699708 4523583 4132587 5069098 17240843 93519515 95269473 4184959 4226941 54110480 52895394 3893854 4674328 62189293 61796663 X 33445 33715 31296777 33439095 0 0 31330222 33472810 93519515 95269473 X 2539654 -397066 X X 0 1 X 1 1 1 941507 941507 8742885 1301419 7441466 96189749 41259930 54929819 5386916 5386916 68699708 MATERIALS & SUPPLIES 1229215 DEFERRED CHARGES 2314152 NCPA RESERVE FUND 1239384 DUE FROM AFFILIATE 12458092 17240843 CONSUMER ADVANCES FOR CONSTRUCTION 1119350 DEFERRED CREDITS 4357778 FAS 106 TRANS OBLIGATION -802800 4674328 X 26697182 0 26697182 11776 11776 26708958 23826300 0 23826300 343004 343004 24169304 PART X, LINE 2: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. THESE STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUBSTANTIATED UNDER EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE COOPERATIVE HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PAYMENT OF CAPITAL CREDITS X 1 1 X X X 0 0 0 ROBERT W MARSHALL CEO/ GENERAL MANAGER 277360 0 0 0 53625 0 111731 0 33776 0 476492 0 0 0 WESLEY GRAY ENGINEERING & OPERATIONS MGR 162647 0 3000 0 13520 0 68097 0 34260 0 281524 0 0 0 JOSEPH OKONESKI SALES & PRODUCT MANAGER 129274 0 0 0 12868 0 43081 0 982 0 186205 0 0 0 MICHAEL BROZO ENERGY MANAGER 116033 0 0 0 24000 0 8115 0 3759 0 151907 0 0 0 BRUCE SMITH LINE WORKING FOREMAN 127730 0 0 0 14086 0 40585 0 30870 0 213271 0 0 0 DANIEL JONES PLANT OPERATOR 124397 0 0 0 12121 0 37392 0 30825 0 204735 0 0 0 JUDY V MAY FORMER CFO 120153 0 10000 0 35154 0 50400 0 20614 0 236321 0 0 0 PART I, LINE 1A JOE OKONESKI RECEIVES A HOUSING ALLOWANCE IN ACCORDANCE WITH AN ADDENDUM TO HIS CONTRACT. THE HOUSING ALLOWANCE IS A SMALLER AMOUNT THAN WHAT WOULD BE PAID BY THE COMPANY FOR HOTEL COSTS THAT WERE BEING REIMBURSED BY THE COMPANY. ROBERTI RANCH ROBERTI RANCH'S OWNER IS DAVID ROBERTI, PSREC BOARD OFFICER 12750 SELL SOLAR POWER: ROBERTI RANCH HAS INSTALLED A SOLAR PROJECT THAT PRODUCES THE MAJORITY OF ITS POWER. AS SOLAR POWER IS GENERATED THE KWHS ARE "BANKED." THE ACTUAL IRRIGATION PUMP USAGE IS NETTED AGAINST THE BANKED KWHS. AT THE END OF 2016, THE VALUE OF THE BANKED KWHS IS EQUIVALENT TO $12,750. THIS WAS NOT A CASH TRANSACTION BUT THE VALUE OF EXCESS POWER SOLD TO THE COOPERATIVE. 0 SCHEDULE R PART V LINE 2A THE TRANSACTIONS REPORTED ON SCHEDULE R ARE VALUED BASED ON THEIR CASH VALUE. FORM 990, PART VI, SECTION A, LINE 6 A MEMBER IS AN INDIVIDUAL WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE, OR RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS A VOTE. THE VOTE ALLOWS THEM TO ELECT THE BOARD AS WELL AS VOTE ON ANY ISSUE THAT COMES BEFORE THE MEMBERSHIP AT A SPECIAL OR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B LIMITED TO APPROVING ANY CHANGES MADE TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING OF THE FINAL DOCUMENT. THE REVIEW OF THE 990 IS AN AGENDA ITEM FOR THE BOARD, AND THE RESULTS OF THE REVIEW ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO THE DIRECTORS, GENERAL MANAGER, AND ALL EMPLOYEES. THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING ALL POLICY INTERPRETATIONS OR VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COMPENSATION OF ALL MANAGEMENT EMPLOYEES IS REVIEWED AND COMPARED WITH AN ANNUAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THIS REPORT IS PREPARED BY AN INDEPENDENT THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 EACH COOPERATIVE MEMBER IS PROVIDED A "NEW MEMBER HANDBOOK AND BYLAWS" WHICH ADDRESS THE GOVERNING DOCUMENTS. THE BYLAWS ALSO REQUIRE A REPORT AT THE ANNUAL MEETING ON THE FINANCIAL CONDITION OF THE COMPANY. CONDENSED FINANCIAL STATEMENTS FROM YEAR-END ARE PRINTED IN THE RURALITE MAGAZINE, AND COMPLETE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE COMPENSATION INFORMATION FOR THE DIRECTORS, GENERAL MANAGER, CFO, AND COO REPRESENTS TOTAL COMPENSATION PAID BY THE COOPERATIVE AND REPORTED ON W-2S AND 1099S. SOME OF THE COMPENSATION HAS BEEN CHARGED TO AND RECORDED ON THE BOOKS OF THE SUBSIDIARY OPERATION, PLUMAS SIERRA TELECOMMUNICATIONS. FORM 990, PART XI, LINE 9: NET EQUITY LOSS IN SUBSIDIARY -397,336. INCREASE/(DECREASE) IN MEMBERSHIPS 270. FORM 990, PART XII, LINE 2C: FORM 990, PART XII LINE 2C: THE BOARD OF DIRECTORS REVIEWS THE FINANCIAL STATEMENTS, APPROVES THE INDEPENDENT AUDITORS WORK, AND SELECTS THE AUDIT FIRM. PLUMAS-SIERRA TELECOMMUNICATIONS 73233 HIGHWAY 70 SUITE B PORTOLA CA 961227064 943062694 INTERNET ACCESS CA N/A C 3663078 29656723 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 PLUMAS-SIERRA TELECOMMUNICATIONS A 312691 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS D 1474745 GENERAL LEDGER PLUMAS-SIERRA TELECOMMUNICATIONS N 146883 INTERFUND, MSA PLUMAS-SIERRA TELECOMMUNICATIONS O 422027 LABOR REPORTS PLUMAS-SIERRA TELECOMMUNICATIONS P 110200 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS Q 73392 INTERFUND RECONCILIATION