2013-11-08T17:00:47-06:00 2012-12-31 930623286 AKT LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2012-01-01 940775035 PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE PLUM 5308324261 73233 HWY 70 SUITE A PORTOLA CA 961227064 JUDY MAY 5308324261 2013-11-01 1 KATHY A GORDON CPA P00016213 5035857774 2012 2016-02-24 21:20:13Z ROBERT MARSHALL 73233 HWY 70 SUITE A PORTOLA CA 961227064 25767721 0 X WWW.PSLN.COM X 1937 CA PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS 7 7 67 0 120378 -52011 0 0 25059496 25302063 320691 279474 139211 74353 25519398 25655890 0 0 0 0 0 0 0 0 0 23673720 23436211 23673720 23436211 1845678 2219679 92389774 91584808 67120328 64461182 25269446 27123626 PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2012,THERE WERE 7,758 CUSTOMERS BILLED FOR SERVICE. 0 0 0 0 0 0 0 0 0 1 1 0 1 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 65 0 67 1 1 1 0 0 0 0 24955945 381136 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 8.00 X 4865 0 0 OLE OLSEN 14.00 X X 5545 0 0 DAVID ROBERTI 8.00 X X 5105 0 0 WILLIAM L ROBINSON 8.00 X 6105 0 0 CHRISTOPHER MILLER 10.00 X X 5785 0 0 DAN KENNEY 9.00 X 6725 0 0 IVAN RANDALL 8.00 X 1705 0 0 ROBERT W MARSHALL 60.00 X 263501 0 116084 JUDY MAY 50.00 X 165593 0 79608 NATHAN NORTON 53.00 X 158665 0 57787 JAMES W RICE 40.00 X 160163 0 80409 LORI D RICE 49.00 X 161315 0 53810 JASON TOW 52.00 X 164005 0 57902 FRED SOMERVILLE 53.00 X 153163 0 55350 1262240 0 500950 21 0 1 0 D&P TREE SERVICE PO BOX 3805 QUINCY CA 95971 TREE TRIMMING/POLE CLEARING 188600 WILLIAMS EXCAVATING 240 E PLUMAS AVENUE PORTOLA CA 96122 CONSTRUCTION/DIRT WORK 135886 ENERGY SOURCE 3710 GRANT DRIVE SUITE G RENO NV 89509 ENGINEERING SERVICES 103534 3 RESIDENTIAL 221000 10654916 10654916 PUBLIC AUTHORITIES 221000 10014941 10014941 COMMERCIAL LIGHTING 221000 1899331 1899331 IRRIGATION 221000 1228290 1228290 MISCELLANEOUS SERVICE 221000 1140479 1140479 364106 364106 25302063 279474 120378 159096 59323 105644 111831 0 -52508 105644 53136 53136 REIMBURSEMENTS 221000 21217 21217 21217 25655890 25323280 120378 212232 2268546 2408380 COST OF POWER 11246152 DISTRIBUTION COSTS 2833471 GENERAL & ADMINISTRATIV 1944000 TRANSMISSION/CUSTOMER/O 1649273 1086389 23436211 1339592 628670 2385083 2639483 6706882 6650786 199786 215396 105263226 34829151 71123030 70434075 5748092 6062444 4887309 4953954 92389774 91584808 1178317 506356 950000 611890 58742108 55975739 6249903 7367197 67120328 64461182 X 32885 33140 25236561 27090486 0 0 25269446 27123626 92389774 91584808 X 2219679 -365499 X X 0 1 X 1 1 1 954179 954179 8632022 1059071 7572951 91761113 33770080 57991033 3915912 3915912 70434075 4953635 C FEDERATED INSURANCE STOCK 136597 C PATRONAGE CAPITAL - CFC 403597 C CAPITAL TERM CERTIFICATES - CFC 534973 C MEMBERSHIP FEE - CFC 1000 C GENERAL PACIFIC CAPITAL 5685 C OTHER INVESTMENTS 26957 C 6062444 OTHER ASSETS 188439 MATERIALS & SUPPLIES 1237936 DEFERRED CHARGES 2184152 NCPA RESERVE FUND 1343427 4953954 CONSUMER ADVANCES FOR CONSTRUCTION 618965 CUSTOMER DEPOSITS 226375 DEFERRED CREDITS 4477146 OTHER LIABILITIES 3601211 FAS 106 TRANS OBLIGATION -1556500 7367197 X 25525611 0 25525611 130279 130279 25655890 23305932 0 23305932 130279 130279 23436211 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2012 AND 2011. 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 236829 0 0 0 26672 0 88180 0 27904 0 379585 0 0 0 JUDY MAY 151717 0 5000 0 8876 0 54974 0 24634 0 245201 0 0 0 NATHAN NORTON 150924 0 0 0 7741 0 32052 0 25735 0 216452 0 0 0 JAMES W RICE 144362 0 0 0 15801 0 55738 0 24671 0 240572 0 0 0 LORI D RICE 145712 0 5000 0 10603 0 52616 0 1194 0 215125 0 0 0 JASON TOW 145999 0 0 0 18006 0 32167 0 25735 0 221907 0 0 0 FRED SOMERVILLE 138488 0 0 0 14675 0 29651 0 25699 0 208513 0 0 0 ROBERTI RANCH ROBERTI RANCH'S OWNER IS DAVID ROBERTI, PSREC BOARD OFFICER 13470 SELL SOLAR POWER: ROBERTI RANCH HAS INSTALLED A SOLAR PROJECT THAT PRODUCES THE MAJORITY OF ITS POWER. ANY EXCESS POWER GENERATED IS 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 TWO SUBSIDIARY OPERATIONS, GOT SKY UNLIMITED AND PLUMAS SIERRA TELECOMMUNICATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NET EQUITY LOSS IN SUBSIDIARY -200,214. INCREASE/(DECREASE) IN MEMBERSHIPS 255. PATRONAGE CAPITAL RETIRED/ADJUSTED -165,540. 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 94873 21180703 1.00000 0 GOT SKY UNLIMITED 73233 HIGHWAY 70 SUITE B PORTOLA CA 961227064 203046323 WIRELESS SATELLITE INTERNET ACCESS SUPPLIER CA N/A C 3726598 5761184 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 33973 INTERFUND RECONCILIATION GOT SKY UNLIMITED A 86405 INTERFUND RECONCILIATION GOT SKY UNLIMITED D 384730 GENERAL LEDGER PLUMAS-SIERRA TELECOMMUNICATIONS N 0 INTERFUND RECONCILIATION GOT SKY UNLIMITED N 20704 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS O 72822 LABOR REPORTS GOT SKY UNLIMITED O 387972 LABOR REPORTS GOT SKY UNLIMITED P 130119 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS P 26296 INTERFUND RECONCILIATION GOT SKY UNLIMITED Q 0 INTERFUND RECONCILIATION