2013-05-15T07:33:37-05:00 2012-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2012-01-01 630052772 CULLMAN ELECTRIC COOPERATIVE CULL 2567373200 PO BOX 1168 CULLMAN AL 350561168 GRADY SMITH 2567373200 2013-05-14 1 SUSAN POLCARI CPA P01010091 4237567771 2013-05-14 2012 2016-02-24 21:20:13Z GRADY W SMITH JR PO BOX 1168 CULLMAN AL 35056 108648563 0 X WWW.CULLMANEC.COM X 1936 AL CULLMAN ELECTRIC COOPERATIVE'S MISSION IS TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 9 9 115 0 850766 155159 0 0 107374349 105502294 499834 411986 4992066 2734283 112866249 108648563 0 0 11986310 0 5882621 6218073 0 0 0 94997318 96965080 112866249 103183153 0 5465410 171855087 174780854 92807256 90428939 79047831 84351915 CULLMAN ELECTRIC COOPERATIVE'S MISSION IS TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS LOCATED IN FOUR NORTH ALABAMA COUNTIES WHILE ADHERING TO THE FOLLOWING VALUES: COMMITMENT, ACCOUNTABILITY, RELIABILITY AND EFFICIENCY. 0 0 103183153 TO PROVIDE ELECTRIC SERVICE AND RELATED SERVICES TO MEMBERS. 103183153 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 1 0 0 0 0 0 1 0 0 1 52 0 1 115 1 1 1 0 0 0 0 105502294 3146269 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X C JERRY WEATHERSBY 2567373200 PO BOX 1168 CULLMAN AL 350561168 ROBERT TIDWELL JR 5.00 X X 15475 0 0 JAMES C FIELDS JR 2.40 X X 14875 0 0 LYNDA CARTER 7.30 X X 14875 0 0 CHAD ALEXANDER 2.30 X X 14875 0 0 NEIL RAINWATER 2.40 X 14875 0 0 DARYL CALVERT 1.40 X 14875 0 0 LISA WEEKS 2.20 X 13525 0 0 SUE REYNOLDS 3.50 X 14875 0 0 DAVID HEMBREE 5.80 X 14875 0 0 GRADY W SMITH JR 50.00 X 191960 13281 67360 C JERRY WEATHERSBY 50.00 X 109599 0 48374 KYLE BAGGETT 50.00 X 116952 0 32929 GAIL NEAL 50.00 X 110858 0 44217 662494 13281 192880 4 0 1 0 SUMTER UTILITIES PO BOX 579 SUMTER SC 29151 OVERHEAD CONTRACTOR 837418 DAVEY TREE EXPERT COMPANY 1500 N MANTUA STREET KENT OH 44240 RIGHT OF WAY CLEARING 767367 NELSON TREE SERVICE INC 3300 OFFICE PARK DRIVE DAYTON OH 45439 RIGHT OF WAY CLEARING 590291 JACKSON LINE CLEARING INC 210 E COLLEGE STREET BOWDON GA 30108 RIGHT OF WAY CLEARING 505439 B & R METER SERVICE LLC 352 COUNTRY ROAD VINEMONT AL 35179 METER READING SERVICE 284714 11 ELECTRIC SALES 221122 105502294 105502294 105502294 411986 411986 1713722 8400 0 0 1713722 8400 1722122 1722122 CONTRACT BILLINGS 541519 850766 850766 PATRONAGE CAPITAL 900099 161395 161395 1012161 108648563 105663689 850766 2134108 662494 662494 3621408 3621408 1934171 1934171 96308 96308 1667942 1667942 3171775 3171775 5960076 5960076 COST OF POWER 76456454 76456454 TAXES 3726653 3726653 DISTRIBUTION-MAINTENANC 3194661 3194661 CUSTOMER ACCOUNTS 1234661 1234661 1456550 1456550 103183153 103183153 0 0 588284 1619773 9645160 6520025 10643200 15151026 4096094 945636 1019594 8663750 308697 204237472 60976651 138913664 143260821 2455393 2372247 0 432577 171855087 174780854 16121072 17586430 1055830 73113778 65052108 2516576 7790401 92807256 90428939 X 199580 201010 0 0 78848251 84150905 79047831 84351915 171855087 174780854 X 5465410 -161326 X X 0 1 X 1 0 1011436 1011436 7435750 2932898 4502852 5743898 3857907 1885991 190046388 54185846 135860542 143260821 MEMBER DEPOSITS 2521659 ADVANCE FOR CONSERVATION LOANS 4077344 POST RETIREMENT HEALTH BENEFITS 1191398 7790401 X 108648563 0 108648563 0 108648563 103183153 0 103183153 0 103183153 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: EFFECTIVE JANUARY 1, 2009, THE COOPERATIVE IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES (PREVIOUSLY FASB NO. 109). THE ADOPTION OF FASB ASC 740 DID NOT HAVE A MATERIAL IMPACT ON THE COOPERATIVE'S FINANCIAL STATEMENTS. THE COOPERATIVE HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS, THE COOPERATIVE'S 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 OF JUNE 30, 2012. X 0 0 0 GRADY W SMITH JR 188595 0 0 0 3365 13281 63400 0 3960 0 259320 13281 0 0 FEDERATED RURAL ELECTRIC INSURANCE CORPORATION BOARD MEMBER 216061 PROPERTY AND LIABILITY INSURANCE 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 11 AFTER THE FORM 990 WAS PREPARED BY THE INDEPENDENT AUDITORS, THE VICE PRESIDENT OF ACCOUNTING, FINANCE AND CONTROL PERFORMED THE INITIAL REVIEW. THE COOPERATIVE'S PRESIDENT AND CEO REVIEWED THE REPORT. A COPY WAS PROVIDED TO THE COOPERATIVE'S LEGAL COUNSEL. THE COOPERATIVE'S GOVERNING BOARD WAS PROVIDED A COPY OF THE REPORT AND REVIEWED THE REPORT AT A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE IS PROVIDED ANNUALLY TO ALL TRUSTEES, APPLICABLE MANAGEMENT TEAM MEMBERS AND SELECTED EMPLOYEES TO BE RETURNED TO THE PRESIDENT AND CEO OR EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES EVALUATES THE PERFORMANCE OF THE PRESIDENT/CEO ANNUALLY. DURING THIS TIME COMPENSATION IS REVIEWED AND THE BOARD, ACTING AS THE COMPENSATION COMMITTEE, MAKES THEIR RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 CULLMAN ELECTRIC COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST THROUGH THE OFFICE OF THE VICE PRESIDENT OF ACCOUNTING, FINANCE AND CONTROL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: POST-RETIREMENT BENEFITS ADJUSTMENT -162,756. CHANGE IN MEMBERSHIPS 1,430. AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR OPERATION ROUND-UP OF CULLMAN AND WINSTON COUNTIES PO BOX 1168 CULLMAN AL 350561168 631284255 EDUCATIONAL ASSISTANCE AL 501(C)3 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0