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 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN 7064923251 2013-08-28 1 JERRY SMITH CPA P00104258 4237567771 2013-08-28 2012 2015-11-30 17:44:51Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 33875893 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 7 7 51 0 0 0 66387 113806 32027660 33031378 193866 234055 485984 494964 32773897 33874203 0 0 0 0 3791008 4836371 0 0 0 27183312 27516425 30974320 32352796 1799577 1521407 52476636 55109914 30565328 31534624 21911308 23575290 TO PROVIDE ENERGY TO RURAL AREAS. 0 0 32352795 33266508 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,099 CUSTOMERS. 32352795 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 22 0 1 51 1 0 0 0 0 0 0 0 33031377 607696 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 MR STACY CHASTAIN GENERAL MANAGER 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 WILLIAM GRADY ANDERSON 1.00 X 2275 0 20530 JERRY PACK 1.00 X 3225 0 27333 MARY LOUISE LANDRUM 1.00 X 2275 0 10352 JESSE MILLER 1.00 X 2275 0 27333 BILL JOE POSTELL 1.00 X 2575 0 15469 JIM QUINTRELL 1.00 X 1750 0 7764 RAY RITCHIE 1.00 X 2275 0 13801 STACY CHASTAIN 50.00 X 151111 0 56310 167761 0 178892 1 0 1 0 REAL TREE SERVICES 474 PINE RIDGE ROAD FARNER TN 37333 RIGHT OF WAY SERVICE 1014000 1 113806 113806 ENERGY SALES 221000 32938207 32938207 SERVICE SALES 221000 93171 93171 33031378 234055 234055 493889 0 493889 493889 493889 2765 1690 1075 1075 33874203 33266508 0 493889 4269764 353091 213516 15935 25044 84978 197966 7709 1163591 2380216 92223 COST OF POWER 21516921 DISTRIBUTION 3380148 CUSTOMER ACCOUNTS 919998 TAXES 350235 -2618539 32352796 3625216 6444974 1725408 1730420 325044 307921 689019 645680 277659 261571 61805895 18478983 43243476 43326912 630152 637717 1960662 1754719 52476636 55109914 4157909 4570139 22656973 23316520 3750446 3647965 30565328 31534624 X 63775 64750 0 0 21847533 23510540 21911308 23575290 52476636 55109914 X 1521407 142575 X X 0 1 X 1 0 198419 198419 2818200 833521 1984679 58561311 17645462 40915849 227965 227965 43326912 CUSTOMER DEPOSITS 1198285 CONSERVATION ADVANCES 10280 POSTRETIREMENT BENEFITS 2439400 3647965 X 33731628 -142575 -142575 33874203 0 33874203 32352796 0 32352796 0 32352796 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: EFFECTIVE JANUARY 1, 2009, THE CORPORATION IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES (PREVIOUSLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AN INTERPRETATION OF FASB STATEMENT NO. 109). THE ADOPTION OF FASB ASC 740 DID NOT HAVE A MATERIAL IMPACT ON THE CORPORATIONS FINANCIAL STATEMENTS. THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE CORPORATIONS EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2012, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2013. PART VI, LINE 1E: THE AMOUNT OF $227,965 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 STACY CHASTAIN 151111 0 0 0 0 0 0 0 56310 0 207421 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 TO RECEIVE POWER FROM TRI-STATE EMC, A CUSTOMER MUST FIRST PAY A MEMBERSHIP FEE OF $5.00. TRI-STATE EMC HAS 18,099 CUSTOMERS WHO ARE ALL MEMBERS. EACH MEMBER IS ENTITLED TO PARTICIPATE IN THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS, WHO IS CHARGED WITH THE RESPONSIBILITY OF FORMULATING THE GENERAL POLICIES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF TSEMC THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION B, LINE 11 TSEMC'S INDEPENDENT CPA WILL GO OVER THE 990 WITH THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANYTHING THAT IS DEEMED A CONFLICT OF INTEREST IN THE WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS YEARLY. THE BOARD ALSO DETERMINES THE COMPENSATION FOR MANAGEMENT ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 TRI-STATE EMC MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO ALL OF ITS MEMBERS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK 975. CHANGE IN APBO 141,600. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. THE BOARD OF DIRECTORS IS IN CHARGE OF THE OVERSIGHT OF THE AUDIT.