2014-11-13T10:16:33-06:00 2013-12-31 930623286 AKT LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2013-01-01 940775035 PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE PLUM 5308324261 73233 HWY 70 SUITE A PORTOLA CA 961227064 JUDY MAY CFO 5308324261 2014-11-10 1 RYAN M JOHNSON CPA P01048788 5035857774 2013 2015-11-30 17:44:51Z ROBERT MARSHALL 73233 HWY 70 SUITE A PORTOLA CA 961227064 27144879 0 X WWW.PSLN.COM X 1937 CA PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS 7 7 71 0 160273 -12116 0 0 25302063 26617332 279474 326455 74353 91382 25655890 27035169 0 0 0 0 0 1737534 0 0 0 23436211 22892157 23436211 24629691 2219679 2405478 91584808 92709402 64461182 63292622 27123626 29416780 PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2013,THERE WERE 7,764 CUSTOMERS BILLED FOR SERVICE. 0 0 0 0 0 0 0 0 0 1 1 0 0 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 79 0 71 1 1 1 0 0 0 0 26345086 444149 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 JUDY V MAY CFO 5308324261 C/O PSREC 73233 HWY 70 PORTOLA CA 961227064 X TOM HAMMOND DIRECTOR 12.00 X 4800 0 0 OLE OLSEN DIRECTOR 18.00 X 5000 0 0 DAVID ROBERTI VICE-PRESIDENT 10.00 X X 4240 0 0 WILLIAM L ROBINSON SECRETARY/TREASURER 8.00 X X 3640 0 0 CHRISTOPHER MILLER PRESIDENT 12.00 X X 4800 0 0 DAN KENNEY DIRECTOR 15.00 X 5680 0 0 IVAN RANDALL DIRECTOR 8.00 X 4840 0 0 ROBERT W MARSHALL CEO/ GENERAL MANAGER 60.00 X 305131 0 111853 JUDY MAY CFO 48.00 X 175972 0 83493 LORI D RICE COO/TELECOMMUNICATIONS 46.00 X 169353 0 65762 JASON TOW LINE FOREMAN 45.00 X 134338 0 58902 GREG LOHN ENGINEERING OPERATIONS MGR 48.00 X 152853 0 76704 BRYAN SHERMAN PLANT OPERATOR 47.00 X 128939 0 56487 DANIEL JONES PLANT OPERATOR 46.00 X 128221 0 56526 JAMES W RICE FORMER TECHNICAL SERVICES MGR 40.00 X 174853 0 55229 1402660 0 564956 22 1 1 0 DAVE SIMS TOPPERS TREE SERVICE 2651 RIVERDANCE RD QUINCY CA 95971 TREE TRIMMING 247638 D&P TREE SERVICE PO BOX 3805 QUINCY CA 95971 TREE TRIMMING/POLE CLEARING 188600 ENERGY SOURCE 3710 GRANT DRIVE SUITE G RENO NV 89509 ENGINEERING SERVICES 126897 DANIELLE BANCHIO NORTH VALLEY RESOURCE PO BOX 325 CHILCOOT CA 96105 FORESTRY SERVICES 115287 4 RESIDENTIAL 221000 11099610 11099610 PUBLIC AUTHORITIES 221000 10033465 10033465 COMMERCIAL LIGHTING 221000 2656073 2656073 IRRIGATION 221000 1329134 1329134 MISCELLANEOUS SERVICE 221000 1210102 1210102 288948 288948 26617332 326455 160273 166182 81211 105644 109710 0 -28499 105644 77145 77145 REIMBURSEMENTS 221000 14237 14237 14237 27035169 26631569 160273 243327 1737534 2148063 2447948 COST OF POWER 12268104 DISTRIBUTION COSTS 3294599 TRANSMISSION/CUSTOMER/O 1483203 CONSUMER ACCOUNTS 917485 332755 24629691 628670 608369 2639483 2765546 6650786 8180047 215396 130026 107369153 37106355 70434075 70262798 6062444 6246444 4953954 4516172 91584808 92709402 506356 477918 611890 0 55975739 54941592 7367197 7873112 64461182 63292622 X 33140 32960 27090486 29383820 0 0 27123626 29416780 91584808 92709402 X 2405478 -112324 X X 0 1 X 1 1 1 954179 954179 8677696 1125138 7552558 93165565 35981217 57184348 4571713 4571713 70262798 5106354 C FEDERATED INSURANCE STOCK 150938 C PATRONAGE CAPITAL - CFC 419017 C CAPITAL TERM CERTIFICATES - CFC 530599 C MEMBERSHIP FEE - CFC 1000 C GENERAL PACIFIC CAPITAL 5685 C OTHER INVESTMENTS 32851 C 6246444 CONSUMER ADVANCES FOR CONSTRUCTION 744577 CUSTOMER DEPOSITS 188526 DEFERRED CREDITS 4569800 OTHER LIABILITIES 3538009 FAS 106 TRANS OBLIGATION -1167800 7873112 X 26888908 0 26888908 146261 146261 27035169 24483430 0 24483430 146261 146261 24629691 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, 2013 AND 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES X X X 0 0 0 ROBERT W MARSHALL CEO/ GENERAL MANAGER 244952 0 0 0 60179 0 79467 0 32386 0 416984 0 0 0 JUDY MAY CFO 151692 0 7500 0 16780 0 54458 0 29035 0 259465 0 0 0 LORI D RICE COO/TELECOMMUNICATIONS 153063 0 5000 0 11290 0 52346 0 13416 0 235115 0 0 0 JASON TOW LINE FOREMAN 119729 0 0 0 14609 0 29879 0 29023 0 193240 0 0 0 GREG LOHN ENGINEERING OPERATIONS MGR 122814 0 0 0 30039 0 46983 0 29721 0 229557 0 0 0 BRYAN SHERMAN PLANT OPERATOR 121131 0 0 0 7808 0 27542 0 28945 0 185426 0 0 0 DANIEL JONES PLANT OPERATOR 116986 0 0 0 11235 0 27542 0 28984 0 184747 0 0 0 JAMES W RICE FORMER TECHNICAL SERVICES MGR 7189 0 5000 0 162664 0 43063 0 12166 0 230082 0 0 0 ROBERTI RANCH ROBERTI RANCH'S OWNER IS DAVID ROBERTI, PSREC BOARD OFFICER 22890 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 2013, THE VALUE OF THE BANKED KWHS IS EQUIVALENT TO $22,890. 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 11 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 INCOME IN SUBSIDIARY 77,207. INCREASE/(DECREASE) IN MEMBERSHIPS -180. PATRONAGE CAPITAL RETIRED/ADJUSTED -189,351. 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 3827545 27634342 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 PLUMAS-SIERRA TELECOMMUNICATIONS A 143231 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS D 1200000 GENERAL LEDGER PLUMAS-SIERRA TELECOMMUNICATIONS N 121259 VEHICLE EXPENSE PLUMAS-SIERRA TELECOMMUNICATIONS O 442196 LABOR REPORTS PLUMAS-SIERRA TELECOMMUNICATIONS P 47202 INTERFUND RECONCILIATION