2014-07-22T08:17:18-05:00 2013-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2013-01-01 460200495 UNION COUNTY ELECTRIC COOPERATIVE INC UNIO 6053563395 PO BOX 459 ELK POINT SD 570250459 RALPH MORSE GENERAL MANAGER 6053563395 2014-07-14 1 LAURIE HANSON P00851848 6053391999 2014-07-14 2013 2015-11-30 17:44:51Z RALPH MORSE PO BOX 459 ELK POINT SD 570250459 3716776 0 X WWW.UNIONCOUNTY.COOP X 1937 SD PROVIDING HIGH VALUE ENERGY TO MEMBERS - ELECTRIC DISTRIBUTION UTILITY. 5 5 14 0 0 0 0 0 3498892 3674662 12285 10505 1301 -267 3512478 3684900 0 0 208448 223628 716421 734585 0 0 0 2587609 2726687 3512478 3684900 0 0 9532253 10197391 6114737 6661822 3417516 3535569 UNION COUNTY ELECTRIC COOPERATIVE EXISTS TO PROVIDE HIGH VALUE ENERGY TO OUR MEMBERS BY FOCUSING ON DELIVERING SAFE, RELIABLE, ENVIRONMENTALLY FRIENDLY ELECTRICITY WHILE PROMOTING ENERGY EFFICIENCY THROUGH EDUCATION. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,124 MEMBERS AND ADDED/REPLACED/RETIRED 5.96 MILES OF LINES. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 14 1 0 0 0 0 0 0 0 3671523 75877 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 X JOANNE LIMOGES 6053563395 122 WEST MAIN STREET ELK POINT SD 570250459 RICHARD DAILEY PRESIDENT 3.30 X X 3125 0 0 NORMAN SHEDD VICE-PRESIDENT 1.90 X X 3563 0 0 EDWARD DONNELLY SECRETARY 1.40 X X 2900 0 0 DON SCHURDEVIN TREASURER 4.20 X X 5138 0 0 DONALD GRAY ASSISTANT SECRETARY 3.70 X X 5438 0 0 RALPH MORSE GENERAL MANAGER 50.00 X 88066 0 36287 108230 0 36287 0 0 0 0 0 SALE OF POWER 221000 3497174 3497174 CAPITAL CREDITS 221000 123776 123776 OTHER OPERATING 221000 53712 53712 3674662 10505 10505 31609 31876 -267 -267 3684900 3674395 0 10505 223628 144388 473276 73978 42943 224180 265212 COST OF POWER 1913649 ADMIN & GENERAL 404143 DISTRIBUTION-OPERATIONS 211667 DISTRIBUTION-MAINTENANC 208150 -500314 3684900 672501 546601 34765 77133 57454 40641 171697 253609 65914 360141 10209956 3337751 6670745 6872205 358000 426000 1501177 1621061 9532253 10197391 228538 386865 5323075 5737833 563124 537124 6114737 6661822 X 0 0 0 0 3417516 3535569 3417516 3535569 9532253 10197391 X 0 118053 X X 0 1 X 1 0 29474 29474 219912 147484 72428 9960570 3190267 6770303 6872205 EAST RIVER ELECTRIC POWER COOPERATIVE, INC. 1388511 C RURAL ELECTRIC SUPPLY COOPERATIVE 100 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 190262 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 21988 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 19000 C MEMBERSHIPS 1200 C 1621061 DEFERRED CREDITS 460078 CUSTOMER DEPOSITS 77046 537124 X 3684900 0 3684900 0 3684900 3461272 0 3461272 223628 223628 3684900 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS INCOME TAX POSITION ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2013 AND 2012 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2013 MARGINS TO MEMBERS IN 2014 223,628. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE ALL OF THE SAME CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS OF THE SAME CLASS AND HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF ITS PROPERTY, UNLESS SUCH SALE, LEASE OR OTHER DISPOSAL IS AUTHORIZED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF ALL MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 THE GENERAL MANAGER AND BOARD OF DIRECTORS WILL REVIEW THE FORM 990 AT A REGULARLY SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE PROCESS IS LEFT UP TO THE DIRECTORS & MANAGER TO MONITOR. ANY CONFLICTS WOULD BE REVIEWED. TERMINATION OR EXPULSION WOULD BE IMPOSED ON A DIRECTOR AND TERMINATION ON AN EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15A DURING 2013, WAGES WERE COMPARED TO OTHER COOPERATIVES OF SIMILAR SIZE USING THE WAGE AND SALARY REPORT PREPARED BY SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION (SDREA). FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS PROVIDED TO MEMBERS IN THE ANNUAL REPORT. AT OTHER TIMES, THIS INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -114,029. CHANGE IN OTHER EQUITIES 8,473. ALLOCATION OF 2013 MARGINS TO MEMBERS IN 2014 223,628. CHANGE IN MEMBERSHIPS -19. FORM 990, PART XII, LINE 2C THE ENTIRE BOARD IS RESPONSIBLE FOR THE SELECTION AND OVERSIGHT OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: ALLOCATED AND OTHER EXPENSE: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.