2013-06-25T08:03:42-05:00 2012-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2012-01-01 460200495 UNION COUNTY ELECTRIC COOPERATIVE INC UNIO 6053563395 PO BOX 459 ELK POINT SD 570250459 RALPH MORSE 6053563395 2013-06-20 1 LAURIE HANSON P00851848 6053391999 2013-06-20 2012 2016-03-07 17:11:31Z RALPH MORSE PO BOX 459 ELK POINT SD 570250459 3554557 0 X WWW.UNIONCOUNTY.COOP X 1937 SD PROVIDING HIGH VALUE ENERGY TO MEMBERS - ELECTRIC DISTRIBUTION UTILITY. 5 5 13 0 0 0 0 0 3138820 3498892 11917 12285 -2581 1301 3148156 3512478 0 0 200506 208448 672661 716421 0 0 0 2274989 2587609 3148156 3512478 0 0 8474472 9532253 5154550 6114737 3319922 3417516 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 1,131 MEMBERS AND ADDED/REPLACED/RETIRED 4.8 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 40 0 1 13 1 0 0 0 0 0 0 0 3464123 80177 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 2.80 X X 2925 0 0 NORMAN SHEDD 1.60 X X 3975 0 0 EDWARD DONNELLY 1.00 X X 2925 0 0 DON SCHURDEVIN 3.20 X X 4413 0 0 DONALD GRAY 3.20 X X 5463 0 0 RALPH MORSE 50.00 X 81132 0 33455 100833 0 33455 0 0 0 0 0 SALE OF POWER 221000 3335620 3335620 CAPITAL CREDITS 221000 115070 115070 OTHER OPERATING 221000 48202 48202 3498892 11735 11735 4550 4000 550 550 550 39380 38079 1301 1301 3512478 3500193 0 12285 208448 120255 453366 112600 30200 209039 250258 COST OF POWER 1782716 ADMIN & GENERAL 438725 DISTRIBUTION-MAINTENANC 198775 DISTRIBUTION-OPERATIONS 189797 -481701 3512478 255021 672501 89816 34765 729 57174 57454 171129 171697 92973 65914 9838640 3167895 6073276 6670745 330000 358000 1404354 1501177 8474472 9532253 237035 228538 4382765 5323075 534750 563124 5154550 6114737 X 0 0 0 0 3319922 3417516 3319922 3417516 8474472 9532253 X 0 97594 X 0 1 X 0 0 29474 29474 219912 138550 81362 9589254 3029345 6559909 6670745 EAST RIVER ELECTRIC POWER COOPERATIVE, INC. 1286204 C RURAL ELECTRIC SUPPLY COOPERATIVE 100 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 188392 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 21281 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 4000 C MEMBERSHIPS 1200 C 1501177 DEFERRED CREDITS 397287 CUSTOMER DEPOSITS 75966 OTHER CURRENT LIABILITIES 89871 563124 X 3512478 0 3512478 0 3512478 3304029 0 3304029 208448 208448 3512477 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2012 AND 2011 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 2009. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2012 MARGINS TO MEMBERS IN 2013 208,448. 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 2012, 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -126,135. CHANGE IN OTHER EQUITIES 15,281. ALLOCATION OF 2012 MARGINS TO MEMBERS IN 2013 208,448. 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. ALLOCATED AND OTHER EXPENSE: FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: 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.