2013-10-15T15:13:05-05:00 2013-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2012-07-01 580370240 NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION NORT 7062599441 PO BOX 1407 DALTON GA 307221407 KATHRYN D WEST 7062593394 2013-10-07 1 JERRY SMITH CPA P00104258 4237567771 2013-10-07 2012 2015-11-30 17:44:51Z KATHRYN D WEST PO BOX 1407 DALTON GA 307221407 237067926 0 X WWW.NGEMC.COM X 1936 GA TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 7 7 209 0 0 0 244859 0 224241374 228518817 661015 633948 8171818 7915161 233319066 237067926 0 0 0 0 12500252 12000099 0 0 0 214430242 216685792 226930494 228685891 6388572 8382035 293339398 304688494 150579386 153453283 142760012 151235211 TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 228685891 TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS. 228685891 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 72 0 209 1 0 0 0 0 0 0 0 236408601 659326 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X KATHRYN D WEST 7062593394 1850 CLEVELAND ROAD DALTON GA 30722 GERALD G LOWERY 12.00 X 10100 0 0 E DEAN SMITH JR 10.00 X 8700 0 0 TED CLARK 6.00 X 6625 0 0 MARVIN L HOLSONBACK 4.00 X 4650 0 0 EDWARD WORLEY 5.00 X 6175 0 0 JOHN HOWARD 8.00 X 6425 0 0 KATHY WELCH 4.00 X 6625 0 0 RONALD O HUTCHINS 60.00 X 302760 0 171795 KATHRYN D WEST 60.00 X 161750 0 114862 PAUL RUUD 60.00 X 105534 0 108124 STEPHANIE HOLDER 60.00 X 101030 0 76237 720374 0 471018 4 0 1 0 HUNT TECHNOLOGIES 6436 COUNTY ROAD 11 PEQUOT LAKES NM 56472 MATERIALS & LABOR-AMI PROJECT 10098794 SUMTER UTILITIES INC 1151 N PIKE W SUMTER SC 29151 CONSTRUCTION 2012186 WA KENDALL & CO INC PO BOX 831 LAWRENCEVILLE GA 30046 RIGHT OF WAY SERVICE 1716905 DIVERSIFIED SERVICES INC 2910 HIGHWAY 31 N HARTSELLE AL 25640 CONSTRUCTION 1600144 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 RIGHT OF WAY SERVICE 938209 5 RESIDENTIAL SALES 221000 143032448 143032448 LARGE COMMERCIAL 221000 67919870 67919870 SMALL COMMERCIAL 221000 16018244 16018244 OUTDOOR LIGHTING 221000 3633271 3633271 UNBILLED ELECTRIC SALES 221000 -2085016 -2085016 228518817 633948 633948 4595774 0 4595774 4595774 4595774 3319387 3319387 3319387 237067926 237067926 0 0 11651520 348579 156890 27145 880662 5338714 12041028 265653 COST OF POWER 181710951 DISTRIBUTION - OPERATIO 8911478 DISTRIBUTION - MAINTENA 7284658 OTHER OPERATING EXPENSE 6065099 -5996486 228685891 1853337 3215562 21463955 21051320 7074337 7160977 1737766 1434829 1762671 7502354 353045738 91843620 256061826 261202118 3385506 3121326 0 8 293339398 304688494 44057118 19751931 96216369 122974010 10305899 10727342 150579386 153453283 X 810906 809370 0 0 141949106 150425841 142760012 151235211 293339398 304688494 X 8382035 93164 X X 0 1 X 1 0 2745067 2745067 7945828 2548986 5396842 337883570 89294634 248588936 4471273 4471273 261202118 CUSTOMER DEPOSITS 4443142 POST RETIREMENT BENEFITS 6284200 10727342 X 237067926 0 237067926 0 237067926 228685891 0 228685891 0 228685891 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: NOTE 17 UNCERTAIN TAX POSITIONS EFFECTIVE JULY 1, 2009, NGEMC IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE ADOPTION OF FASB ASC 740 DID NOT HAVE A MATERIAL IMPACT ON NGEMCS FINANCIAL STATEMENTS. NGEMC HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. NGEMCS EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2013, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2013. INVESTMENTS - LAND, BUILDINGS AND EQUIPMENT - PART VI - OTHER: OTHER ASSETS IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS. X X X 0 0 0 RONALD O HUTCHINS 302760 0 0 0 0 0 157614 0 14181 0 474555 0 0 0 KATHRYN D WEST 161750 0 0 0 0 0 100681 0 14181 0 276612 0 0 0 PAUL RUUD 105534 0 0 0 0 0 90933 0 17191 0 213658 0 0 0 STEPHANIE HOLDER 101030 0 0 0 0 0 59046 0 17191 0 177267 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NGEMC HAS 98,127 CUSTOMERS TO WHICH IT PROVIDES POWER. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF NGEMC THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION B, LINE 11 NGEMC'S BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE SUBMITTING IT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANUALLY ANYTHING THAT IS CONSIDERED TO BE A CONFLICT OF INTEREST AS DEFINED BY NGEMC'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS YEARLY. THE BOARD ALSO APPROVES THE COMPENSATION FOR MANAGEMENT ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 NGEMC WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: MEMBERSHIP DECREASE DURING YEAR -1,536. OTHER COMPREHENSIVE LOSS - APBO 94,700. AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.