2016-11-10T15:41:49-06:00 2015-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2015-01-01 740754103 BLUEBONNET ELECTRIC COOPERATIVE INC BLUE 8886222583 PO BOX 729 BASTROP TX 786020729 ELIZABETH KANA CFO 8886222583 2016-11-10 1 William M Miller P00439459 8067473806 2016-11-10 X 2015 2017-02-10 21:41:12Z MATT BENTKE PO BOX 729 BASTROP TX 786020729 210738276 0 X WWW.BLUEBONNETELECTRIC.COOP X 1939 TX TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 11 11 325 0 19637 0 0 0 223746757 207909886 87912 149569 6164742 1882150 229999411 209941605 2703815 1415338 8770343 7321836 24200226 26023311 0 0 0 194099174 174915322 229773558 209675807 225853 265798 465787777 474490731 309634659 315581303 156153118 158909428 X COMMITMENT TO OUR MEMBERS TO BE THE BEST WE CAN BE AT DELIVERING RELIABLE ELECTRIC POWER AND RELATED SERVICES AT A COMPETITIVE PRICE. TO FACILIATE THIS COMMITMENT, WE WILL CONTINUE TO INVEST IN THE LATEST PROVEN TECHNOLOGIES, GOOD STEWARDSHIP OF OUR ENVIRONMENT AND THE COMMUNITIES WE SERVE, AS WELL AS IN THE HEALTH AND SAFETY OF THE PUBLIC, OUR MEMBERS AND EMPLOYEES - THE TRUE SOURCE OF ENERGY OF BLUEBONNET. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 88,867 ACTIVE SERVICES AT YEAR END. ALL ACTIVE SERVICES DURING THE YEAR WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 95 0 325 1 1 1 0 0 0 0 221919313 3112706 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELIZABETH KANA CFO 8886222583 155 ELECTRIC AVENUE BASTROP TX 78602 X BENNIE FLENCHER CHAIRMAN 6.40 1.00 X X 45661 0 0 KENNETH MUTSCHER VICE-CHAIRMAN 10.50 1.00 X X 41821 0 0 RODERICK EMANUEL SECRETARY/TREASURER 5.10 1.00 X X 40321 0 0 BYRON BALKE ASST. SECRETARY-TREASURER 5.20 1.00 X X 40105 0 0 RICHARD SCHMIDT DIRECTOR 3.10 1.00 X 40145 0 0 JAMES KERSHAW DIRECTOR 2.90 1.00 X 40555 0 0 ROBERT MIKESKA DIRECTOR 4.00 1.00 X 39955 0 0 MILTON SHAW DIRECTOR 9.20 1.00 X 41305 0 0 SUANNA TUMLINSON DIRECTOR 10.90 1.00 X 40555 0 0 RUSSELL JURK DIRECTOR 3.90 1.00 X 39871 0 0 KATHLEEN HANDY DIRECTOR 3.00 1.00 X 39871 0 0 MARK ROSE GENERAL MANAGER & CEO 50.00 X 556952 0 108514 MATT BENTKE COO 55.00 X 350708 0 112702 ELIZABETH KANA CFO 55.00 X 274746 0 103217 GRANT GUTIERREZ CIO/CONTROLLER 50.00 X 231280 0 82593 RACHEL ELLIS CHIEF ADMINISTATION OFFICE 50.00 X 235789 0 157066 ERIC KOCIAN CHIEF ENGINEER/SYSTEMS OPE 50.00 X 241948 0 67768 SARAH NEWMAN-ALTAMIRANO GENERAL COUNSEL 50.00 X 270177 0 51883 JOHN SANDERS MGR OF COMMUNITY & ECO DEVELOPMENT 50.00 X 169634 0 67448 DAVID TOBOLA MGR OF OPERATIONS 50.00 X 141892 0 79216 LESLIE BARRIOS MGR OF FUNCTIONAL SUPPORT 50.00 X 149724 0 21947 THOMAS ELLIS MGR OF ENGINEERING 50.00 X 145514 0 39394 WESLEY BRINKMEYER MGR OF ENERGY PROGRAMS 50.00 X 125382 0 35321 WILLIAM HOLFORD MGR OF PUBLIC AFFAIRS 50.00 X 133221 0 20541 3477132 0 947610 37 0 1 0 BURLIN POWER LINE LLC 1079 CR 418 LEXINGTON TX 78947 CONSTRUCTION CONTRACTOR 2894737 PVM LLC PO BOX 10960 COLLEGE STATION TX 77845 R.O.W. CONTRACTOR 2868374 UNITED CONTRACTORS PO BOX 1866 BASTROP TX 78602 CONSTRUCTION CONTRACTOR 2818665 ECHO POWERLINE LLC 313 WALNUT STREET BUNKIE LA 71322 R.O.W. CONTRACTOR 2330785 WILLBROS T&D SERVICES LLC PO BOX 1207 HILLSBORO TX 76645 CONSTRUCTION CONTRACTOR 1886793 30 X SALE OF ELECTRICITY 221000 203904527 203904527 PATRONAGE DIVIDENDS 221000 1329654 1329654 TRANSMISSION ACCESS 221000 1063582 1063582 TRANSMISSION LEASE 221000 849488 849488 SERVICE FEES 221000 762635 762635 207909886 107690 19637 88053 1739 1739 2500 373 2127 2127 2127 137831 95952 41879 41879 41879 810716 700346 110370 110370 REGULATORY DEFERRED REVENUE 221000 1247681 1247681 POLE ATTACHMENT INCOME 221000 498097 498097 MISCELLANEOUS INCOME 221000 22136 22136 1767914 209941605 209290073 19637 631895 X 1415338 7321836 3532590 14856239 3560052 2798133 1276297 12123417 20696793 PURCHASED POWER 121257046 DISTRIBUTION EXPENSE 11828314 ADMIN & GENERAL EXPENSE 5461423 CUSTOMER SERVICE 3323005 225324 209675807 X 3905551 3802050 7856490 7566909 17591238 15180381 994203 45400 4154130 4622167 13203849 11522374 537965197 119372886 398378599 418592311 12301024 12694825 7402693 464314 465787777 474490731 19029803 18139183 3095335 1862539 343460 431475 267877518 272320495 19288543 22827611 309634659 315581303 X 1005990 954710 0 0 155147128 157954718 156153118 158909428 465787777 474490731 X 265798 2490512 X X 0 1 X 1 0 0 1 X 4648181 4648181 31974277 7472027 24502250 485269036 111900859 373368177 16073703 16073703 418592311 ACCRUED OPERATING TAXES 888452 CONSUMER DEPOSITS 3724318 PATRONAGE CAPITAL PAYABLE 2972944 ACCUMULATED PROVISION FOR PENSION AND BENEFITS 11860712 POWER COST OVER COLLECTED 3381185 22827611 X Part IV, Line 2b: PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH AMOUNTS DESIGNATED UNCLAIMED PER STATE LAW. THE AMOUNTS DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH AMOUNTS DESIGNATED UNCLAIMED PER STATE LAW. THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ENERGY EFFICIENCY ASSISTANCE FUND AMOUNTS DESIGNATED UNCLAIMED PER STATE LAW. THE AMOUNTS DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED TO ASSIST MEMBERS OF AN ELECTRIC COOPERATIVE IN REDUCING THEIR ENERGY CONSUMPTION AND ELECTRICITY BILLS. ANY AMOUNTS SO DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. Part X, Line 2: THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE 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. FORM 990, PAGE 11, PART X, LINE 15 Part VIII THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 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 VIII HAS BEEN LEFT BLANK. 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. 1 BASTROP COUNTY LONG TERM RECOVERY TEAM PO BOX 1975 BASTROP TX 786028975 454463754 501(C)(3) 50000 TO AID IN REBUILDING OF HOMES AND LIVES. SOUTH LEE COUNTY VOLUNTEER FIRE DEPARTMENT 4240 FM 448 GIDDINGS TX 789425932 742327462 501(C)(3) 37000 TO FUND MAKO AIR CHARGE COMPRESSOR PACKAGE. SOMERVILLE GIRLS LITTLE LEAGUE PO BOX 838 SOMERVILLE TX 778790838 900449114 501(C)(3) 19991 TO FUND SOFTBALL FIELD IMPROVEMENTS. PAIGE VOLUNTEER FIRE DEPARTMENT PO BOX 55 PAIGE TX 786590055 208044180 501(C)(3) 29840 TO FUND UTV, FIRE SKID AND TRAILER. LEE COUNTY YOUTH CENTER 1010 E INDUSTRY ST STE 200 GIDDINGS TX 789424333 452674157 501(C)(3) 50000 TO FUND 50% OF ROOF REPLACEMENT. GASLIGHT BAKER THEATRE PO BOX 1152 LOCKHART TX 786441152 260318298 501(C)(3) 28307 TO FUND TWO HVAC UNITS. ELLINGER CHAMBER OF COMMERCE PO BOX 37 ELLINGER TX 789380037 742233163 501(C)(6) 12700 TO FUND TWO HVAC UNITS. DOWN HOME RANCH 20250 FM 619 ELGIN TX 786215343 742536461 501(C)(3) 45000 TO FUND 50% OF ENERGY EFFICIENT ITEMS. DELHI VOLUNTEER FIRE DEPARTMENT 6110 STATE HIGHWAY 304 ROSANKY TX 789539010 300246499 501(C)(3) 50000 TO FUND 50% OF NEW FIRE STATION. COMBINED COMMUNITY ACTION INC 165 W AUSTIN ST GIDDINGS TX 789423205 741548511 501(C)(3) 36000 TO FUND NEW METAL ROOF CAPITAL AREA FOOD BANK 8201 S CONGRESS AVE AUSTIN TX 787457305 742964260 501(C)(3) 25000 TO FUND COMPLETION OF NEW BUILDING CONSTRUCTION. BASTROP COUNTY EMERGENCY FOOD PANTRY PO BOX 953 BASTROP TX 786020953 742485884 501(C)(3) 25021 TO FUND CLIENT AND INVENTORY TRACKING SYSTEM. HOSPICE BRAZOS VALLEY 502 W 26TH ST BRYAN TX 778032426 742229794 501(C)(3) 20000 TO SUPPORT OPERATIONS OF THE ORGANIZATION. CHILDREN'S ADVOCARY CENTER 1002 CHESTNUT ST BASTROP TX 786023304 742633011 501(C)(3) 57970 TO FUND REPAIRS AND RENOVATIONS TO EXISTING FACILITY. WASHINGTON COUNTY HEALTHY LIVING PO BOX 401 BRENHAM TX 778340401 510190235 501(C)(3) 50000 TO FUND 50% OF NEW FACILITY CONSTRUCTION. WINCHESTER AREA VOLUNTEER FIRE DEPARTMENT 8810 FM 153 WINCHESTER TX 789455259 742849321 501(C)(3) 34660 TO FUND REMAINING BALANCE OF TRUCK AND EQUIPMENT. SCOTT AND WHITE HEALTHCARE FOUNDATION 2401 S 31ST ST TEMPLE TX 765080001 273513154 501(C)(3) 14560 TO FUND VIDEO CAMERAS, UPDATE FURNITURE AND MEDICAL EQUIPMENT. HEART OF PINES VOLUNTEER FIRE DEPARTMENT PO BOX 98 SMITHVILLE TX 789570098 742200618 501(C)(4) 13971 TO FUND EQUIPMENT AND SUPPLIES DESTROYED IN 2011 WILDFIRE. GREATER SAN MARCOS YOUTH COUNCIL PO BOX 1455 SAN MARCOS TX 786671455 742553659 501(C)(3) 14938 TO FUND REPAIR FIRE ALARM AND DAMAGES TO BUILDING. FEDOR VOLUNTEER FIRE DEPARTMENT PO BOX 1315 GIDDINGS TX 789422215 742284454 501(C)(4) 35359 TO FUND TWO SKID UNITS. CROWE'S NEST FARM INC 10300 TAYLOR LN MANOR TX 786534700 742253593 501(C)(3) 35540 TO FUND TRACTOR AND SITE IMPOVEMENTS. CENTRAL TEXAS REGIONAL BLOOD AND TISSUE CENTER 4300 N LAMAR BLVD AUSTIN TX 787563421 741366292 501(C)(3) 25000 TO FUND 25% OF BLOOD DRIVE AUTOMATION PROJECT. CARMINE VOLUNTEER FIRE DEPARTMENT PO BOX 217 CARMINE TX 789320217 746060658 501(C)(4) 50000 TO FUND 50% OF RESCUE-TANKER TRUCK. BRENHAM MAIN ST HISTORICAL PRESERVATION INC PO BOX 2006 BRENHAM TX 778342006 412069873 501(C)(3) 25000 TO FUND EQUIPMENT FOR BARNHILL CENTER. BASTROP COUNTY WOMEN'S SHELTER PO BOX 736 BASTROP TX 786020736 742304542 501(C)(3) 68000 TO FUND BUILDING RENOVATIONS. AMERICAN YOUTHWORKS 1901 E BEN WHITE BLVD AUSTIN TX 787417840 742197942 501(C)(3) 50000 TO FUND RESTORATION OF HOPEWELL SCHOOL. ADVOCACY OUTREACH PO BOX 169 ELGIN TX 786210169 742625197 501(C)(3) 20000 TO SUPPORT OPERATIONS OF THE ORGANIZATION. VOLUNTEER SERVICES COUNCIL FOR THE BRENHAM STATE SCHOOL 4001 HWY 38 SOUTH BRENHAM TX 77833 237437120 501(C)(3) 45000 TO FUND 50% CONCRETE PARKING LOT. MID-COUNTY VOLUNTEER FIRE DEPARTMENT PO BOX 103 LOCKHART TX 78644 943468245 501(C)(3) 50000 TO FUND 50% OF FIRE STATION TRAINING. LADIES OF CHARITY OF BASTROP PO BOX 1060 BASTROP TX 78602 742425261 501(C)(3) 13480 TO FUND REPLACEMENT OF HVAC UNIT, 65 LIGHT FIXTURES, AND 15 PARKING STOPS. CITY OF SOMERVILLE PO BOX 159 SOMERVILLE TX 77879 746002326 GOVT 43700 TO FUND EQUIPMENT, FIXTURES, AND LABOR TO COMPLETE COMMUNITY LIBRARY.TO FUND 50% OF EQUIPMENT, FIXTURES, AND LABOR FOR COMMUNITY LIBRARY. SETON HAYS FOUNDATION 6001 KYLE PARKWAY KYLE TX 78640 262842608 501(C)(3) 20000 TO FUND DIRECT MEDICAL CARE, MEDICATION, MEDICAL SUPPLIES, AND SOCIAL SUPPORT. RONALD MCDONALD HOUSE CHARITIES OF CENTRAL TEXAS INC 1316 BARBARA JORDAN BLVD AUSTIN TX 78723 742277664 501(C)(3) 13000 TO FUND GAP BETWEEN CONTRIBUTIONS AND OPERATIONAL COSTS. AMERICAN RED CROSS 2218 PERSHING DRIVE AUSTIN TX 78723 530196605 501(C)(3) 20000 TO FUND DISASTER PREPARATION AND RESPONSE. GIDDINGS AREA CARE CENTER 190 N HARRIS STREET GIDDINGS TX 78942 263776202 501(C)(3) 35000 TO FUND 50% FOR PURCHASE OF FOOD PANTRY RELATED ITEMS. WASHINGTON COUNTY EMERGENCY MEDICAL SERVICES 1875 HWY 290 WEST BRENHAM TX 77833 746000408 GOVT 26145 TO FUND TOTAL COST OF RESPONSE READY VEHICLE UNIT IN CHAPPELL HILL. SLAVONIC BENEVOLENT ORDER OF THE STATE OF TEXAS 8649 OLD LOCKHART RD MULDON TX 78949 237077634 501(C)(3) 17500 TO FUND RELEVELING OF HALLWAY. CITY OF BRENHAM 200 WEST VULCAN STREET BRENHAM TX 77833 746000404 GOVT 20000 TO FUND NEW TECHNOLOGY FOR LIBRARY FACILITY. CAPITAL AREA RURAL TRANSPORTATION SYSTEM PO BOX 6050 AUSTIN TX 78762 742029170 GOVT 20000 TO FUND TWO TRANSIT SHELTERS. 31 39 SCHEDULE I, PART IV GRANT RECIPIENTS ARE CHOSEN THROUGH AN APPLICATION PROCESS AND ASSESSED BASED ON STATED PURPOSE OF THE PROPOSED USE OF GRANT PROCEEDS. GRANT RECIPIENTS ARE NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. GRANTS ARE MONITORED TO INSURE THAT DONATIONS ARE USED FOR THEIR INTENDED PURPOSES. X X X 0 1 0 MARK ROSE GENERAL MANAGER & CEO 389561 0 103000 0 64391 0 84876 0 23638 0 665466 0 0 0 MATT BENTKE COO 289768 0 60000 0 940 0 86424 0 26278 0 463410 0 0 0 ELIZABETH KANA CFO 231628 0 40000 0 3118 0 80212 0 23005 0 377963 0 0 0 GRANT GUTIERREZ CIO/CONTROLLER 200472 0 30000 0 808 0 50297 0 32296 0 313873 0 0 0 RACHEL ELLIS CHIEF ADMINISTATION OFFICE 192645 0 30000 0 13144 0 137011 0 20055 0 392855 0 0 0 ERIC KOCIAN CHIEF ENGINEER/SYSTEMS OPE 206008 0 35000 0 940 0 40803 0 26965 0 309716 0 0 0 SARAH NEWMAN-ALTAMIRANO GENERAL COUNSEL 229303 0 40000 0 874 0 22834 0 29049 0 322060 0 0 0 JOHN SANDERS MGR OF COMMUNITY & ECO DEVELOPMENT 149998 0 15000 0 4636 0 41247 0 26201 0 237082 0 0 0 DAVID TOBOLA MGR OF OPERATIONS 131182 0 9770 0 940 0 50827 0 28389 0 221108 0 0 0 LESLIE BARRIOS MGR OF FUNCTIONAL SUPPORT 138416 0 10038 0 1270 0 11884 0 10063 0 171671 0 0 0 THOMAS ELLIS MGR OF ENGINEERING 136404 0 7840 0 1270 0 29902 0 9492 0 184908 0 0 0 WESLEY BRINKMEYER MGR OF ENERGY PROGRAMS 110311 0 14263 0 808 0 9175 0 26146 0 160703 0 0 0 WILLIAM HOLFORD MGR OF PUBLIC AFFAIRS 127817 0 4134 0 1270 0 10661 0 9880 0 153762 0 0 0 Part I, Line 4b THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN. THE AMOUNTS LISTED REPRESENT THE CONTRIBUTIONS MADE DURING THE YEAR TO SUCH PLANS. MARK ROSE - $29,159 MATT BENTKE - $4,486 FORM 990, SCHEDULE J, 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. 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. MARK ROSE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 77,076 401(K) EMPLOYER MATCH 7,800 TOTAL COLUMN C: $ 84,876 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (77,076) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 88,585 ADD: CASH CONTRIBUTION TO PENSION RESTORATION PLAN 29,159 EXPENSE TO THE COOPERATIVE: $ 125,544 MATT BENTKE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 78,624 401(K) EMPLOYER CONTRIBUTION 7,800 TOTAL COLUMN C $ 86,424 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (78,624) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 80,469 ADD: CASH CONTRIBUTION TO PENSION RESTORATION PLAN 4,486 EXPENSE TO THE COOPERATIVE $ 92,755 ELIZABETH KANA ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 72,412 401(K) EMPLOYER CONTRIBUTION 7,800 TOTAL COLUMN C $ 80,212 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (72,412) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 68,560 EXPENSE TO THE COOPERATIVE $ 76,360 GRANT GUTIERREZ ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 43,481 401(K) EMPLOYER CONTRIBUTION 6,816 TOTAL COLUMN C $ 50,297 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (43,481) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 59,617 EXPENSE TO THE COOPERATIVE $ 66,433 RACHEL ELLIS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 129,821 401(K) EMPLOYER CONTRIBUTION 7,190 TOTAL COLUMN C $ 137,011 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (129,821) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 55,145 EXPENSE TO THE COOPERATIVE $ 62,335 ERIC KOCIAN ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 34,400 401(K) EMPLOYER CONTRIBUTION 6,403 TOTAL COLUMN C $ 40,803 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (34,400) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 61,108 EXPENSE TO THE COOPERATIVE $ 67,511 SARAH NEWMAN-ALTAMIRANO ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 0 401(K) EMPLOYER CONTRIBUTION 22,834 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 22,834 JOHN SANDERS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 36,115 401(K) EMPLOYER CONTRIBUTION 5,132 TOTAL COLUMN C $ 41,247 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (36,115) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 44,712 EXPENSE TO THE COOPERATIVE $ 49,844 DAVID TOBOLA ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 46,320 401(K) EMPLOYER CONTRIBUTION 4,507 TOTAL COLUMN C $ 50,827 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (46,320) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 40,242 EXPENSE TO THE COOPERATIVE $ 44,749 LESLIE BARRIOS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 0 401(K) EMPLOYER CONTRIBUTION 11,884 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 11,884 THOMAS ELLIS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 25,538 401(K) EMPLOYER CONTRIBUTION 4,364 TOTAL COLUMN C $ 29,902 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (25,538) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 38,349 EXPENSE TO THE COOPERATIVE $ 42,713 WESLEY BRINKMEYER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 0 401(K) EMPLOYER CONTRIBUTION 9,175 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 9,175 WILLIAM HOLFORD ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 0 401(K) EMPLOYER CONTRIBUTION 10,661 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 10,661 GARY GUTIERREZ FAMILY MEMBER OF GRANT GUTIERREZ, AN OFFICER OF THE COOPERATIVE. 65072 COMPENSATION AS EMPLOYEE OF THE COOPERATIVE. 0 PHILLIP ELLIS FAMILY MEMBER OF RACHEL ELLIS, AN OFFICER OF THE COOPERATIVE. 121617 COMPENSATION AS EMPLOYEE OF THE COOPERATIVE. 0 DAVID TOBOLA FAMILY MEMBER OF RACHEL ELLIS, AN OFFICER OF THE COOPERATIVE. 141892 COMPENSATION AS EMPLOYEE OF THE COOPERATIVE. 0 GARRETT GUTIERREZ FAMILY MEMBER OF GRANT GUTIERREZ, AN OFFICER OF THE COOPERATIVE. 83878 COMPENSATION AS EMPLOYEE OF THE COOPERATIVE. 0 ELIZABETH HERSCHAP FAMILY MEMBER OF ELIZABETH KANA, AN OFFICER OF COOPERATIVE. 38327 COMPENSATION AS EMPLOYEE OF THE COOPERATIVE. 0 Form 990, Part VI, Section A, line 6 THE COOPERATIVE 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 COOPERATIVE 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 COOPERATIVE. 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION; 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; 4. AMENDMENT TO THE ARTICLES OF INCORPORATION; Form 990, Part VI, Section B, line 11 MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. Form 990, Part VI, Section B, line 12c BOARD MEMBERS, OFFICERS, AND EMPLOYEES OF THE COOPERATIVE ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY. OFFICERS, BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY AS SOON AS POSSIBLE. OFFICERS AND BOARD MEMBERS ARE REQUIRED TO REPORT ANY ACTION OR SITUATION TO THE ENTIRE BOARD OF DIRECTORS; EMPLOYEES ARE REQUIRED TO REPORT ANY ACTION OR SITUATION TO MANAGEMENT. Form 990, Part VI, Section B, line 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON IRS FORMS 990 FOR OTHER ELECTRIC COOPERATIVES WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM COOPERATIVES LOCATED IN TEXAS AND THE NATION. INTERNAL AND /OR EXTERNAL RESOURCES ARE ALSO USED TO COMPARE ANNUAL COMPENSATION WITHIN THE INDUSTRY. WHEN DETERMINING SALARIES FOR OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER, KEY AND HIGHLY COMPENSATED EMPLOYEE, THE COOPERATIVE USES A WEB-BASED SOFTWARE THAT COLLECTS INFORMATION FROM VARIOUS INDUSTRIES, INCLUDING THE UTILITY INDUSTRY, IN DIFFERENT PARTS OF THE COUNTRY. THE AVAILABLE DATA FOR UTILITIES OF SIMILAR SIZE TO AND IN THE REGION OF THE COOPERATIVE, ALONG WITH COMPENSATION DATA OBTAINED FROM FORMS 990 OF OTHER ELECTRIC COOPERATIVES, IS USED TO SET APPROPRIATE MARKET BASED SALARIES. THIS PROCESS IS ADMINISTERED BY THE GENERAL MANAGER AND THE HUMAN RESOURCES DEPARTMENT. Form 990, Part VI, Section C, line 19 THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. Form 990, Part VII, Column D THE COMPENSATION REPORTED FOR MEMBERS OF THE BOARD OF DIRECTORS INCLUDE HEALTH INSURANCE PREMIUMS PAID BY THE COOPERATIVE ON BEHALF OF THE BOARD OF DIRECTORS. Form 990, Part VII, Column F IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. AS PART OF THE PLAN DOCUMENT, THE COOPERATIVE PROVIDES A MATCHING CONTRIBUTION UP TO 3% OF A PARTICIPATING EMPLOYEE'S BASE SALARY. ADDITIONALLY, THE COOPERATIVE 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, KEY AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES, THROUGH A QUALIFIED PLAN. THE AMOUNT REPORTED ON PART VII, COLUMN (F) IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER OR KEY EMPLOYEE, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER, KEY OR HIGHLY COMPENSATED EMPLOYEE. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. Form 990, Part VIII, Line 2 PATRONAGE DIVIDENDS 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 COOPERATIVE TO ITS MEMBERS. Form 990, Part IX THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICES (RUS) EVEN THOUGH NOT CURRENTLY A BORROWER OF THE RUS. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS 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, 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 $ 18,388,829 LESS DIRECTORS FEES REPORTED ON 1099-MISC (450,165) LESS EMPLOYEE OFFICER & KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (751,191) PLUS SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGIN 216,234 PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 5,031,152 TOTAL WAGES ACCRUED AND/OR PAID $ 22,434,859 Form 990, Part IX, Line 24 ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: OUTSIDE SERVICES EMPLOYED $ 1,084,803 OUTSIDE SERVICES EMPLOYED - IT 1,015,270 TECHNOLOGY 1,396,934 DUES AND SUBSCRIPTIONS 206,942 GENERAL MAINTENANCE 238,795 INSURANCE 436,110 DIRECTOR EXPENSE 299,753 PROPERTY TAX 305,380 OTHER TAX EXPENSE 358,466 TRAVEL & TRANSPORTATION 32,261 OTHER GENERAL AND ADMINISTRATIVE EXPENSE 86,709 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $ 5,461,423 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 COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'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 COOPERATIVE 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 COOPERATIVE'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 COOPERATIVE'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 COOPERATIVE FOR THE 2015 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE 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, LINE 24E OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: TRANSMISSION EXPENSE $ 225,324 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 225,324 Form 990, Part X, LINES 17 AND 25 THE COOPERATIVE PREVIOUSLY INCLUDED ACCRUED EXPENSES (COMPRISED OF (1) ACCRUED PAYROLL AND EMPLOYEE COMPENSATED ABSENCES AND (2) ACCRUED INTEREST) AS COMPONENTS OF OTHER LIABILITIES ON LINE 25 OF PART X. HOWEVER, FOR THE 2015 CALENDAR YEAR, THE COOPERATIVE BEGAN REPORTING THESE AMOUNTS ON LINE 17. TO INCREASE CONSISTENCY, ACCRUED EXPENSES IN THE AMOUNT OF $2,588,478 FOR THE 2014 CALENDAR YEAR HAVE BEEN RECLASSED FROM LINE 25 TO LINE 17. Form 990, Part XI, line 9: NET DECREASE IN MEMBERSHIPS -51,280. EQUITY METHOD INCOME (LOSS) FROM INVESTMENT IN SUBSIDIARY -98,053. OTHER COMPREHENSIVE INCOME(LOSS) PROVISION FOR PENSIONS AND BENEFITS -475,257. PATRONAGE CAPITAL RETIRED - TOTAL -4,518,527. PATRONAGE CAPITAL RETIRED - DISCOUNT 311,793. PATRONAGE CAPITAL ASSIGNED 7,321,836. Form 990, Part XII, Line 2c THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. BLUEBONNET RURAL WATER CORPORATION PO BOX 729 BASTROP TX 78602 742532344 WATER DISTRIBUTION TX BLUEBONNET ELECTRIC COOPERATIVE INC C -116476 210163 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 BLUEBONNET RURAL WATER CORPORATION (I) A 19637 INVOICES & OTHER RECORDS BLUEBONNET RURAL WATER CORPORATION Q N/A - LESS THAN $50,000 BLUEBONNET RURAL WATER CORPORATION S 948802 LOAN PRINCIPAL PAYMENTS