2017-11-15T16:32:37-06:00 2016-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2016-01-01 840358317 YAMPA VALLEY ELECTRIC ASSOCIATION YAMP 9708791160 2211 ELK RIVER ROAD STEAMBOAT SPRINGS CO 80487 DIANE C JOHNSON GENERAL MANAGER 9708791160 2017-11-11 1 WILLIAM M MILLER P00439459 8067473806 2017-11-01 X 65.182.80.152 2017-11-11 12:31:35 CS P BB0A6EFF21CE0653C6B3B49029A3E11A3F81D504 587910E538FB33049B4D87AFCCD061243FC33F22 2016 2021-01-29 14:40:06Z DIANE C JOHNSON 2211 ELK RIVER ROAD STEAMBOAT SPRINGS CO 80487 59891779 0 X WWW.YVEA.COM X 1940 CO PROVIDE ELECTRICAL SERVICE TO MEMBERS IN OUR DESIGNATED SERVICE TERRITORY. 9 9 75 0 0 0 0 0 53064221 58002962 2739628 1177319 52899 52899 55856748 59233180 18198 46543 2668688 3430090 5973192 7553705 0 0 0 44413935 46987269 53074013 58017607 2782735 1215573 103331622 107995446 32426453 33856913 70905169 74138533 YAMPA VALLEY ELECTRIC ASSOCIATION IS A COOPERATIVE THAT PROVIDES VALUE TO ITS MEMBER-OWNERS BY DELIVERING SAFE AND RELIABLE ELECTRIC SERVICE IN AN ENVIRONMENTALLY AND FINANCIALLY RESPONSIBLE MANNER. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 26,751 CONSUMERS AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 52 0 75 1 0 0 0 0 0 0 0 58966228 1541802 0 X 9 9 0 0 1 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 1 0 X X AMY MAHON FINANCE MANAGER 9708791160 2211 ELK RIVER ROAD STEAMBOAT SPRINGS CO 80487 X QUENTIN DEAN BROSIOUS CHAIRMAN 10.00 X X 23935 0 0 LARRY ELLGEN VICE CHAIRMAN 4.90 X X 15670 0 0 SCOTT MCGILL DIRECTOR 5.70 X 28260 0 0 GEORGE RUSSELL GARRITY DIRECTOR 8.00 X 17750 0 0 FRANKLYN W ROITSCH DIRECTOR 6.50 X 17181 0 0 GLYNDA S SHEEHAN DIRECTOR 5.30 X 14310 0 0 THOMAS FOX DIRECTOR 6.00 X 24660 0 0 JAMES MICHAEL BRINKS DIRECTOR 9.00 X 17185 0 0 PATRICK MCCLELLAND DIRECTOR 8.00 X 21285 0 0 DIANE C JOHNSON GENERAL MANAGER 55.30 X 266873 0 51459 STEVE JOHNSON MANAGER OF OPERATIONS 50.00 X 149134 0 68508 AMY MAHON FINANCE MANAGER 50.00 X 110851 0 39405 KATHY BERTRAND MEMBER RELATIONS MANAGER 40.00 X 125434 0 76139 TRAVIS COX FOREMAN 40.00 X 119417 0 36920 EDDIE PIERCE WAREHOUSE SUPERVISOR 40.00 X 116743 0 72680 JOHN CROMER FOREMAN 40.00 X 128684 0 48345 REX STAFFORD LINEMAN 40.00 X 117717 0 64189 1315089 0 457645 23 0 1 0 HIGH VOLTAGE INC PO BOX 428 VERNAL UT 84078 CONTRACT LABOR 1184181 INTERMOUNTAIN ELECTRIC SERVICES 701 SOUTH FEDERAL BLVD RIVERTON WY 82501 CONTRACT LABOR 612234 UTILITY SALES & SERVICE 9771 NWOT RD LONGMONT CO 80504 CONTRACT METER READING 610702 CROMER CONTRACTING CO INC PO BOX 368 CRAIG CO 81626 CONTRACT LABOR 602782 ROGUE RESOURCES PO BOX 772503 STEAMBOAT SPRINGS CO 80477 CONTRACT LABOR 521580 14 X SALES OF ELECTRICITY 221000 57258106 57258106 MISC SERVICE FEES & SALES 221000 347914 347914 PATRONAGE DIVIDENDS 221000 250126 250126 OTHER PROGRAM REVENUE 221000 146816 146816 58002962 57044 57044 1778874 658599 1120275 1120275 1120275 POLE ATTACHMENT INCOME 221000 52899 52899 52899 59233180 58002962 0 1230218 X 46543 3430090 866466 4348005 889486 930914 518834 763670 5243449 PURCHASED POWER 35583688 DISTRIBUTION EXPENSE 2525905 ADMIN & GENERAL EXPENSE 1593605 CONSUMER EXPENSE 1026423 250529 58017607 X 1577668 1201266 3433040 3718102 851818 1047736 3310109 2645601 153274075 57299884 90663803 95974191 3481073 3353736 14111 54814 103331622 107995446 5140653 6143730 20377220 22529071 6908580 5184112 32426453 33856913 X 0 0 0 0 70905169 74138533 70905169 74138533 103331622 107995446 X 1215573 2017791 X X 0 1 X 0 0 4689897 4689897 9060906 1497748 7563158 134780021 55802136 78977885 4743251 4743251 95974191 DEFERRED CREDITS 1502861 OVERCOLLECTED PCA 1188259 DEFERRED COMPENSATION 355958 CONSUMER DEPOSITS 624981 ACCRUED OPERATING TAXES 1512053 5184112 X 59104912 0 59104912 128268 128268 59233180 54459249 0 54459249 3558358 3558358 58017607 PART X, LINE 2: THE ASSOCIATION AND YVSI FOLLOW THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ASSOCIATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ASSOCIATION 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: NONOPERATING EXPENSES RECLASSIFIED TO FORM 990 PART IX 700. MERCHANDISING EXPENSE RECLASSIFIED TO FORM 990 PART IX 127,568. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ASSIGNABLE 3,430,090. NONOPERATING EXPENSES RECLASSED TO FORM 990 PART IX 700. MERCHANDISING EXPENSE RECLASSIFIED TO FORM 990, PART IX 127,568. PART IX THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT 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 PAID OR 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 ASSOCIATION 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 ASSOCIATION'S BYLAWS. 0 YAMPA VALLEY SUSTAINABILITY COUNCIL PO BOX 881461 STEAMBOAT SPRINGS CO 80488 264753602 501(C)(3) 10000 2016 CENSIBLE ENERGY FD DONATION ENERGY OUTREACH COLORADO 225 EAST 16TH AVE SUITE 200 DENVER CO 80203 742543881 501(C)(3) 25000 DONATION FOR LOW INCOME ENERGY ASSISTANCE 2 SCHEDULE I, PART II ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE ASSOCIATION'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. X 0 0 0 DIANE C JOHNSON GENERAL MANAGER 222790 0 10000 0 34083 0 23537 0 27922 0 318332 0 0 0 STEVE JOHNSON MANAGER OF OPERATIONS 148157 0 0 0 977 0 42936 0 25572 0 217642 0 0 0 AMY MAHON FINANCE MANAGER 109538 0 0 0 1313 0 8994 0 30411 0 150256 0 0 0 KATHY BERTRAND MEMBER RELATIONS MANAGER 111962 0 10898 0 2574 0 51465 0 24674 0 201573 0 0 0 TRAVIS COX FOREMAN 117114 0 2004 0 299 0 11583 0 25337 0 156337 0 0 0 EDDIE PIERCE WAREHOUSE SUPERVISOR 98714 0 15675 0 2354 0 48098 0 24582 0 189423 0 0 0 JOHN CROMER FOREMAN 127665 0 0 0 1019 0 23899 0 24446 0 177029 0 0 0 REX STAFFORD LINEMAN 114559 0 1836 0 1322 0 52533 0 11656 0 181906 0 0 0 FORM 990, 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. DIANE JOHNSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,745 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,792 TOTAL REPORTED IN COLUMN C $ 23,537 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,745) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 44,617 EXPENSE TO THE COOPERATIVE $ 54,409 STEVE JOHNSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 38,201 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,735 TOTAL REPORTED IN COLUMN C $ 42,936 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (38,201) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 29,446 EXPENSE TO THE COOPERATIVE $ 34,181 AMY MAHON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 4,032 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,962 TOTAL REPORTED IN COLUMN C $ 8,994 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (4,032) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,124 EXPENSE TO THE COOPERATIVE $ 28,086 KATHY BERTRAND: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 46,200 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,265 TOTAL REPORTED IN COLUMN C $ 51,465 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (46,200) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,233 EXPENSE TO THE COOPERATIVE $ 28,498 TRAVIS COX: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 6,441 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,142 TOTAL REPORTED IN COLUMN C $ 11,583 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (6,441) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,288 EXPENSE TO THE COOPERATIVE $ 23,430 EDDIE PIERCE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 47,471 EMPLOYER CONTRIBUTION TO 401(K) PLAN 627 TOTAL REPORTED IN COLUMN C $ 48,098 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (47,471) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,204 EXPENSE TO THE COOPERATIVE $ 20,831 JOHN CROMER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 19,472 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,427 TOTAL REPORTED IN COLUMN C $ 23,899 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (19,472) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,603 EXPENSE TO THE COOPERATIVE $ 24,030 REX STAFFORD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 47,670 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,863 TOTAL REPORTED IN COLUMN C $ 52,533 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (47,670) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 16,888 EXPENSE TO THE COOPERATIVE $ 21,751 FORM 990, PART VI, SECTION A, LINE 4 DURING 2016, THE BOARD OF DIRECTORS APPROVED BYLAW CHANGES TO ARTICLE VIII - NONPROFIT OPERATION, SECTION 2 - PATRONAGE CAPITAL IN CONNECTION WITH FURNISHING ELECTRICAL ENERGY, PARAGRAPH THREE. THE PURPOSE OF THE AMENDMENTS WAS TO CLAIRFY THE PRE-EXISTING OBLIGATION TO ALLOCATE CAPITAL CREDITS TO THE PATRONS. THE AMENDED SECTION NOW READS AS FOLLOWS: ARTICLE VIII, SECTION 2, PARAGRAPH 3: IN THE EVENT OF DISSOLUTION OR LIQUIDATION OF THE COOPERATIVE, AFTER ALL OUTSTANDING INDEBTEDNESS OF THE COOPERATIVE SHALL HAVE BEEN PAID, OUTSTANDING CAPITAL CREDITS SHALL BE RETIRED WITHOUT PRIORITY ON A PRO RATA BASIS BEFORE ANY PAYMENTS ARE MADE ON ACCOUNT OF PROPERTY RIGHTS OF MEMBERS. IF, AT ANY TIME PRIOR TO DISSOLUTION OR LIQUIDATION, THE BOARD OF DIRECTORS SHALL DETERMINE THAT THE FINANCIAL CONDITION OF THE COOPERATIVE WILL NOT BE IMPAIRED THEREBY, THE CAPITAL THEN CREDITED TO PATRONS' ACCOUNTS MAY BE RETIRED IN FULL OR IN PART. THE COOPERATIVE SHALL DEDUCT AND RETAIN FROM PAYMENT TO A PATRON OF RETIRED CAPITAL CREDITS ALL MONIES OWED BY SUCH PATRON TO THE COOPERATIVE AT THAT TIME, TOGETHER WITH ACCRUED INTEREST ON SUCH OWED AMOUNT. THE BOARD OF DIRECTORS SHALL DETERMINE THE METHOD, BASIS, PRIORITY AND ORDER OF MAKING SUCH RETIREMENTS. THE BOARD SHALL HAVE THE POWER TO ADOPT RULES PROVIDING FOR THE SEPARATE RETIREMENT OF CAPITAL CREDITS FROM AFFILIATED ORGANIZATIONS. THE BOARD OF DIRECTORS SHALL ALSO HAVE THE POWER, EXERCISABLE IN ITS SOLE DISCRETION, TO RETIRE ALL OR A PORTION OF THE CAPITAL CREDIT OF PATRONS PRIOR TO THE TIME SUCH CAPITAL WOULD OTHERWISE BE RETIRED UNDER THE PROVISION OF THESE BYLAWS OR THE POLICIES OF THE BOARD OF DIRECTORS, ON A DISCOUNTED AND FAIR VALUE BASIS, UPON SUCH TERMS AND CONDITIONS AS THE BOARD OF DIRECTORS SHALL ADOPT, PROVIDED THAT THE FINANCIAL CONDITION OF THE COOPERATIVE WILL NOT BE IMPAIRED. THE DISCOUNTED PORTION OF THE CAPITAL CREDIT OF A PATRON WHICH IS NOT PAID TO SUCH PATRON, AFTER DEBITING ANY MONIES THEN OWED BY SUCH PATRON TO THE COOPERATIVE, SHALL CONCLUSIVELY BE DEEMED DONATED TO, AND RETAINED BY, THE COOPERATIVE AND SHALL NOT THEREAFTER BE REASSIGNED TO ANY MEMBER, PATRON OR PERSON. ANY POLICY OF THE BOARD TO RETIRE THE CAPITAL CREDIT OF PATRONS AND IMPLEMENT THE FOREGOING PROVISIONS OF THESE BYLAWS SHALL BE APPLIED IN A NON-DISCRIMINATORY FASHION WITHIN EACH SEPARATE CLASS OF MEMBERS, BUT MAY BE DIFFERENT FOR DIFFERENT CLASSES OF MEMBERS." THE BOARD OF DIRECTORS FURTHER APPROVED BYLAW CHANGES TO ARTICLE II - MEETING OF MEMBERS, SECTION 8 - MAIL VOTING. THE AMENDMENTS WERE TO CLAIRFY THE PRE-EXISTING MAIL VOTING PROCESS AND TO FURTHER EXPAND ON THE MAIL VOTING PROCESS BY INCLUDING A NEW SECTION 9 - COUNTING OF MAIL BALLOTS. THE AMENDED SECTION NOW READS AS FOLLOWS: ARTICLE II, SECTION 8, MAIL VOTING: EACH MEMBER OF THE ASSOCIATION SHALL BE ENTITLED TO VOTE IN THE ELECTION OF DIRECTORS EXCEPT WITH RESPECT TO THE FILLING OF VACANCIES UNDER SECTION 4 OF ARTICLE III, AND SHALL ALSO BE ENTITLED TO VOTE IN THE REMOVAL OF DIRECTORS UNDER SECTION 7 OF ARTICLE I. IN EITHER CASE, A MEMBER MAY VOTE AT THE ANNUAL MEETING OF MEMBERS, OR AT A MEETING OF THE MEMBERS OF THE ASSOCIATION CALLED FOR SUCH PURPOSE, OR BY MAIL AS PROVIDED IN THIS SECTION 8. MAIL VOTING SHALL BE PERMITTED FOR MEMBERS IN ANY ELECTION OF DIRECTORS. MAIL VOTING SHALL BE IN WRITING ON BALLOTS PROVIDED BY THE ASSOCIATION, AND THE ASSOCIATION SHALL ACCOMPANY SUCH BALLOT WITH A SEALABLE INNER ENVELOPE OR SECRECY SLEEVE PROVIDED BY THE ASSOCIATION FOR THE PURPOSE OF CONCEALING THE MARKING ON THE BALLOT (THE "BALLOT ENVELOPE"), INTO WHICH THE BALLOT MAY BE INSERTED, AND SHALL ALSO ACCOMPANY SUCH BALLOT WITH A SEPARATE RETURN MAILING ENVELOPE (THE "MAILING ENVELOPE"). THE MAILING ENVELOPE SHALL INCLUDE A DESIGNATED LOCATION FOR THE SIGNATURE OF THE VOTING MEMBER. THE MAIL BALLOT SHALL BE VOTED BY THE MEMBER, SHOULD BE PLACED IN THE BALLOT ENVELOPE, AND SUCH SIGNED AND SEALED BALLOT ENVELOPE CONTAINING THE COMPLETED MAIL BALLOT SHALL BE INSERTED IN THE MAILING ENVELOPE, THE VOTING MEMBER SHALL SIGN SUCH MAILING ENVELOPE, AND THE SIGNED MAILING ENVELOPE CONTAINING THE MAIL BALLOT SHALL BE MAILED TO THE ASSOCIATION OR TO AN INDEPENDENT THIRD PARTY WITH WHOM THE ASSOCIATION HAS CONTRACTED FOR THE STORAGE AND COUNTING OF BALLOTS IN ACCORDANCE WITH SECTION 9 OF ARTICLE II BELOW. IF A MAILING ENVELOPE IS NOT SIGNED BY THE VOTING MEMBER, THE MARKED MAIL BALLOT WITHIN THE UNSIGNED MAILING ENVELOPE SHALL BE VOID AND NOT COUNTED. A MAIL BALLOT RECEIVED IN A SIGNED AND RETURNED MAILING ENVELOPE BUT WITHOUT A BALLOT ENVELOPE IS NONETHELESS VALID AND SHALL BE COUNTED. ARTICLE II, SECTION 9, COUNTING OF MAIL BALLOTS: THE BOARD OF DIRECTORS SHALL, WHEN PRACTICABLE, ARRANGE FOR AN INDEPENDENT THIRD PARTY TO OVERSEE THE STORAGE AND COUNTING OF MAIL BALLOTS. IF THIS IS NOT PRACTICABLE, THEN BALLOTS SHALL BE COLLECTED AND STORED BY THE ASSOCIATION IN A MANNER THAT PROTECTS THE PRIVACY OF THEIR CONTENT. ALL CANDIDATES FOR THE BOARD OF DIRECTORS SHALL BE GIVEN THE OPPORTUNITY TO BE PRESENT TO OBSERVE THE COUNTING OF THE MAIL BALLOTS AND THEIR TABULATION, EXCEPT THAT IF THE ASSOCIATION HAS CONTRACTED WITH AN INDEPENDENT THIRD PARTY TO COLLECT AND COUNT MAIL BALLOTS, THE MAIL BALLOTS MUST BE DELIVERED TO THE ASSOCIATION UNDER SEAL PROMPTLY AFTER THE COUNT AND, UPON THE REQUEST OF ANY CANDIDATE, MADE AVAILABLE TO THE CANDIDATE FOR INSPECTION. THE BOARD OF DIRECTORS MAY, FROM TIME TO TIME, ESTABLISH PROCEDURES NOT INCONSISTENT WITH SECTIONS 8 AND 9 OF THIS ARTICLE II FOR THE DISTRIBUTION, PRESERVATION OF CONFIDENTIALITY, RETURN, AND COUNTING OF BALLOTS BY MAIL. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION 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 ASSOCIATION 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 ASSOCIATION. 1. DISSOLUTION/LIQUIDATION OF THE ASSOCIATION; 2. MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH ANOTHER ORGANIZATION; 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE ASSOCIATION'S ASSETS; 4. AMENDMENT TO THE ARTICLES OF INCORPORATION; 5. AMENDMENT TO THE BYLAWS FORM 990, PART VI, SECTION A, LINE 8B THE ASSOCIATION 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 AND DISCUSSED THE FORM 990 WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. SUBSEQUENT TO THE DETAILED DISCUSSION WITH THE FINANCE COMMITTEE, A COPY WAS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ANNUALLY EVALUATES AND SETS THE COMPENSATION OF THE CEO. THE CEO AND BOARD OF DIRECTORS USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEE, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT COLORADO AND THE NATION. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION 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 ASSOCIATION PROVIDES A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE ASSOCIATION WITH THE ANNUAL REPORT. FINALLY, THE BYLAWS CAN BE FOUND ON THE ASSOCIATION'S WEBSITE. FORM 990, PART VII, COLUMN F IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE ASSOCIATION 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 ASSOCIATION 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 AND HIGLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE ASSOCIATION ALSO PROVIDES HEALTH, DENTAL AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES , INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, 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 ASSOCIATION TO ITS MEMBERS. FORM 990, PART IX THE ACCOUNTING RECORDS OF THE ASSOCIATION ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICES (RUS). THE UNIFORM SYSTEM OF ACCOUNTSS DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE ASSOCIATION 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 UNIFORM SYSTEM OF ACCOUNTS. 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 ASSOCIATION ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE ASSOCIATION'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 ASSOCIATION 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 ASSOCIATION'S 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 ASSOCIATION'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 ASSOCIATION FOR THE 2016 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE ASSOCIATION OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE ASSOCIATION 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, 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 $ 5,214,471 LESS DIRECTORS FEES REPORTED ON 1099-MISC (180,236) LESS EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (159,372) PLUS SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGIN 35,938 PLUS SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,055,534 PLUS SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 390,478 TOTAL WAGES ACCRUED AND/OR PAID $ 6,356,813 FORM 990, PART IX, LINE 24 ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: EMPLOYEE TRAINING $ 320,741 OFFICE SUPPLIES EXPENSE 317,709 INJURIES AND DAMAGES 90,465 OUTSIDE SERVICES 314,427 INSURANCE AND REGULATORY FEES 42,742 PUBLIC RELATIONS 1,587 ASSOCIATED ORGANIZATION DUES 152,410 DIRECTOR EXPENSE 58,725 MAINTENANCE OF GENERAL PLANT 294,799 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $ 1,593,605 FORM 990, PART X, LINES 9 AND 15 THE ASSOCIATION PREVIOUSLY INCLUDED DEFERRED CHARGES AS COMPONENTS OF OTHER ASSETS ON LINE 15 OF PART X. HOWEVER, FOR THE 2016 CALENDAR YEAR, THE ASSOCIATION BEGAN REPORTING THESE AMOUNTS ON LINE 9. TO INCREASE CONSISTENCY, DEFERRED CHARGES IN THE AMOUNT OF $3,307,593 FOR THE 2015 CALENDAR YEAR HAVE BEEN RECLASSED FROM LINE 15 TO LINE 9. FORM 990, PART X, LINES 17 AND 25 THE ASSOCIATION PREVIOUSLY INCLUDED ACCRUED OPERATING TAXES & OVERCOLLECTED PCA AS COMPONENTS OF ACCOUNTS PAYABLE ON LINE 17 OF PART X. HOWEVER, FOR THE 2016 CALENDAR YEAR, THE ASSOCIATION BEGAN REPORTING THESE AMOUNTS ON LINE 25. TO INCREASE CONSISTENCY, ACCRUED EXPENSES IN THE AMOUNT OF $4,211,751 FOR THE 2015 CALENDAR YEAR HAVE BEEN RECLASSED FROM LINE 17 TO LINE 25. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ASSIGNABLE 3,430,090. PATRONAGE CAPITAL RETIRED - TOTAL -1,596,256. PATRONAGE CAPITAL RETIRED - DISCOUNT 57,706. UNCLAIMED PATRONAGE CAPITAL RETIREMENTS RETAINED PER STATE LAW 137,744. NET CHANGE IN OTHER EQUITIES -11,493. 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. YVEA CARING CONSUMERS FOUNDATION PO BOX 771218 STEAMBOAT SPRINGS CO 80477 881424966 BETTERING THE QUALITY OF LIFE OF CITIZENS WITHIN THE AREA CO 501(C)(3) LINE 7 YAMPA VALLEY ELECTRIC ASSOCIATIN 1 YAMPA VENTURE SERVICES INC PO BOX 771218 STEAMBOAT SPRINGS CO 80477 841537973 INACTIVE CO YAMPA VALLEY ELECTRIC ASSN C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 YVEA CARING CONSUMERS FOUNDATION O 0 N/A LESS THAN $50,000 YVEA CARING CONSUMERS FOUNDATION N 0 N/A LESS THAN $50,000