2015-06-09T07:28:26-05:00 2014-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2014-01-01 150287092 DELAWARE COUNTY ELECTRIC COOPERATIVE INC DELA 6077462341 39 ELM STREET PO BOX 471 DELHI NY 13753 MARK SCHNEIDER GENERAL MANAGER 6077462341 2015-06-09 1 DAVID V DITANNA CPA P01368498 7166645104 2014 2016-02-25 16:41:14Z MARK SCHNEIDER 39 ELM STREET DELHI NY 13753 6300477 0 X WWW.DCE.COOP X 1942 NY DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF DELAWARE COUNTY, NY ON A COOPERATIVE BASIS 7 7 34 0 0 0 108500 0 5435143 5955914 90348 84880 197661 223345 5831652 6264139 0 0 297108 658003 154900 159720 0 0 0 5379644 5446416 5831652 6264139 0 0 28248849 28170729 19570845 19087723 8678004 9083006 THE AIM OF THE DELAWARE COUNTY ELECTRIC COOPERATIVE, INC. IS TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO ITS MEMBERS AT THE LOWEST COST, CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF DELAWARE COUNTY, NY ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 34 0 0 0 0 0 0 0 0 0 0 8237278 129567 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 X MARK SCHNEIDER 6077462341 39 ELM STREET DELHI NY 13753 SHAWN HARTWELL DIRECTOR 3.00 X 5950 0 0 MEG HUNGERFORD DIRECTOR 3.00 X 4550 0 0 HARTLEY RUSSELL VICE PRESIDENT 3.00 X X 5250 0 0 STEPHEN OLES PRESIDENT 7.50 X X 7125 0 0 PAUL MENKE SECRETARY 3.00 X X 8850 0 0 FRANK WINKLER TREASURER 7.00 X X 10500 0 0 EDWARD G PICK JR DIRECTOR 6.50 X 10875 0 0 MARK SCHNEIDER GENERAL MANAGER 40.00 X 106620 0 61103 159720 0 61103 1 0 1 0 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOW GROVE PA 19090 CONTRACT RIGHT OF WAY MAINTENANCE 175489 1 ELECTRIC SERVICE REVEN 221000 8292625 8292625 COST OF POWER 221000 -2336711 -2336711 5955914 83968 83968 178658 0 178658 178658 178658 912 0 912 912 912 34489 36338 -1849 -1849 CAPITAL CREDIT & PATRO 221000 42877 42877 OTHER MISCELLANEOUS 221000 3659 3659 46536 6264139 5958636 0 305503 658003 159720 723373 854764 DISTRIBUTION MAINTENANC 1374958 DISTRIBUTION OPERATION 1050008 ADMINISTRATIVE & GENERA 941756 CONSUMER ACCOUNTS & CUS 331844 169713 6264139 22916 700 180004 366098 945209 667095 578494 443907 153265 189939 31229156 9769401 20741546 21459755 5627415 5043235 28248849 28170729 396297 766996 16479657 15510511 2694891 2810216 19570845 19087723 X 51565 52785 0 0 8626439 9030221 8678004 9083006 28248849 28170729 X 0 405002 X 0 1 X 1 0 31229156 9769401 21459755 21459755 OTHER CURRENT ASSETS 314700 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 473680 REGULATORY ASSET - OTHER POST RETIREMENT BENEFIT 1750144 REGULATORY ASSET - GENERATION FACILITY 1345800 REGULATORY ASSET - RS PLAN PREPAYMENT 1158911 5043235 CUSTOMER DEPOSITS 140288 OTHER POST RETIREMENT BENEFITS 2669928 2810216 8600850 2336711 2336711 6264139 0 6264139 7942847 2336711 2336711 5606136 658003 658003 6264139 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER 2,336,711. PART XI, LINE 4B - OTHER ADJUSTMENTS: SMART GRID PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER 2,336,711. PART XII, LINE 4B - OTHER ADJUSTMENTS: CURRENT YEAR MARGINS TO BE ALLOCATED TO MEMBERS 658,003. SMART GRID XI LINE 4B THE IRS REQUIRES THE ALLOCATION OF CURRENT YEAR MARGINS TO BE REPORTED ON THE STATEMNET OF FUNCTIONAL EXPENSES LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, ALLOCATIONS OF CAPITAL CREDITS ARE NOT SHOWN AS EXPENSES ON THE COOPERATIVE'S STATEMENT OF ACTIVITIES BUT RATHER ARE ALLOCATED TO MEMBERS THROUGH EQUITY. THEREFORE, THE RECONCILIATION ABOVE IS NECESSARY TO SHOW THE DIFFERENCES BETWEEN THE IRS FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. PART X, LINE 2 - THE COOPERATIVE IS EXEMPT FROM TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. CONSQUENTLY, THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR TAXES ON INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2011 AND LATER YEARS. X X X X X 0 0 0 MARK SCHNEIDER GENERAL MANAGER 106620 0 0 0 0 0 0 0 61103 0 167723 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY FORM 990, PART VI, SECTION A, LINE 7A THERE IS A NOMINATING COMMITTEE MADE UP OF CO-OP MEMBERS (NONE ON THE BOARD) THAT MEET AT LEAST ONCE A YEAR. THE NOMINATING COMMITTEE PRESENTS AT LEAST TWO CANDIDATES TO RUN FOR SEATS UP FOR ELECTION. PER BYLAWS, CANDIDATES MAY ALSO BE NOMINATED BY PETITION. ALL CANDIDATES ARE THEN VOTED ON BY THE MEMBERS IN ATTENDANCE AT THE ANNUAL MEETING AND BY ABSENTEE BALLOTS RECEIVED IN COMPLIANCE WITH THE COOPERATIVE'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B FORM 990, PART VI, LINE 7B - BOARD DECISIONS ARE PASSED BY A MAJORITY VOTE OF BOARD MEMBERS. ANY PROPOSED BYLAW CHANGES ARE VOTED ON BY THE MEMBERS AT THE NEXT ANNUAL MEETING OF THE MEMBERS IN ACCORDANCE WITH THE COOPERATIVE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 ALL DIRECTORS RECEIVE A DRAFT COPY OF THE COMPLETED FORM AND ARE ASKED TO PROVIDE CHANGES/CORRECTIONS WHICH ARE DOCUMENTED IN BOARD MEETING MINUTES. THE FINAL COMPLETED FORM IS PROVIDED TO THE AUDITOR FOR SUBMISSION TO REGULATORY AGENCIES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS AND DISCUSSES POLICIES ON AN ONGOING BASIS AND RECOMMENDS POSSIBLE CHANGES TO THE ENTIRE BOARD AS APPROPRIATE. CONFLICT OF INTEREST STATEMENTS ARE SECURED FROM ALL DIRECTORS AND THE GENERAL MANAGER AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS MEET TO DISCUSS PROPOSED COMPENSATION INCREASES. RECOMMENDATIONS ARE SUBMITTED TO THE ENTIRE BOARD AND PASSED BY A MAJORITY VOTE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S BYLAWS AND OPERATING PROCEDURES ARE PUBLICLY AVAILABLE ON THE COOPERATIVE'S WEBSITE AND AT THE OFFICE. PER COOPERATIVE BYLAWS, MEMBERS ARE PROVIDED ANNUAL REPORTS AT ANNUAL MEETINGS AND THROUGH THE COOPERATIVE'S NEWSLETTER (WHICH IS AVAILABLE AT THE COOPERATIVE'S WEBSITE). THE COOPERATIVE ALSO HAS PUBLIC DISCLOSURE POLICIES WHICH OUTLINE PROCEDURES FOR PUBLIC REQUEST FOR OTHER RELATED INFORMATION. PART VI, SECTION A, LINE 6 ANY NATURAL PERSON, FIRM, ASSOCIATION, CORPORATION, BUSINESS TRUST, PARTNERSHIP, FEDERAL AGENCY, STATE OR POLITICAL SUBDIVISION OR AGENCY THEREOF OR ANY BODY POLITIC MAY BECOME A MEMBER IN DELAWARE COUNTY ELECTRIC COOPERATIVE, INC. BY: A) FILING A WRITTEN APPLICATION FOR MEMBERSHIP; B) AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY OR OTHER RELATED SERVICES FURNISHED BY THE COOPERATIVE WHEN THEY ARE MADE AVAILABLE THROUGH FACILITIES; C) AGREEING TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATIVE AND ANY RULES AND REGULATIONS ADOPTED BY THE BOARD OF DIRECTORS; AND D) PAYING THE MEMBERSHIP FEE, PROVIDED THAT NO PERSON SHALL BECOME A MEMBER UNLESS AND UNTIL HE OR IT HAS BEEN ACCEPTED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS OR THE MEMBERS. NO MEMBER MAY HOLD MORE THAN ONE MEMBERSHIP IN THE COOPERATIVE, AND NO MEMBERSHIP IN THE COOPERATIVE SHALL BE TRANSFERABLE. FORM 990, PART XI, LINE 9: DONATED CAPITAL 36,602. MEMBERSHIPS RETIRED 1,220. CURRENT YEAR MARGINS TO BE ALLOCATED 658,003. RETIREMENT OF CAPITAL CREDITS -290,823.