2013-07-30T09:00:29-05:00 2012-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2012-01-01 710131073 NORTH ARKANSAS ELECTRIC COOPERATIVE INC % JULIE HANEY NORT 8708953221 PO BOX 1000 Suite SALEM AR 72576 MEL COLEMAN 5013721040 2013-06-27 true ERNIE SKYRME 5013721040 2012 2016-02-24 21:20:13Z MEL COLEMAN 225 SOUTH MAIN ST SALEM AR 72576 62417802 false X www.naeci.com X 1939 AR PROVIDE ECONOMICAL AND RELIABLE ELECTRIC POWER, ALONG WITH RESOURCES, SERVICES AND LEADERSHIP THAT WILL MEET THE PRESENT AND FUTURE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 9 8 176 0 0 0 0 0 61562402 60099818 1144544 1724797 318846 593187 63025792 62417802 0 0 3856874 3850312 1372465 1535686 0 0 0 57796453 57031804 63025792 62417802 0 196583754 204624608 131331218 137709901 65252536 66914707 PROVIDE ECONOMICAL AND RELIABLE ELECTRIC POWER, ALONG WITH RESOURCES, SERVICES AND LEADERSHIP THAT WILL MEET THE PRESENT AND FUTURE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. false false 0 0 0 NORTH ARKANSAS ELECTRIC COOPERATIVE PROVIDED 584,576,872 KIL HOURS OF ELECTRICAL ENERGY TO THE 36,108 MEMBERS RECEIVING SERVICE. 0 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 59 0 176 true false false false false false false false false false 57599374 4818428 false X 9 8 false false false false true true true true false false false true true true true true true true true false X JULIE HANEY 8708953221 225 SOUTH MAIN STREET SALEM AR 72576 JASPER FREEMAN 7.38 X X 40064 0 0 JAMES D GLEGHORN 8.37 X X 21793 0 0 MICHAEL DOVER 6.37 X X 28364 0 0 MARK H MONTGOMERY 3.42 X 38407 0 0 BETH CARTER 4.22 X 33357 0 0 LARRY GOODWIN 8.42 X 45489 0 0 CAMERON DAVIS 2.41 X 26637 0 0 DENNIS WILES 2.58 X 16640 0 0 SONYA WILES 2.91 X 37434 0 0 MEL COLEMAN 40.0 X 208234 0 111656 JAMES WOODY 40.0 X 112800 0 72066 JERRY ESTES 40.0 X 114555 0 25445 JASON STRONG 40.0 X 110564 0 44357 STEVE HALL 40.0 X 111697 0 71824 JIM BLACKMON 40.0 X 102442 0 65966 BOBBY BOOKOUT 0.0 X 20498 0 0 BILLY BRYANT 1.54 X 13691 0 0 1082666 0 391314 7 true true false ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 606771700 RIGHT OF WAY CLEAR 1236845 HIGH LINE SERVICES LLC PO BOX 698 DIGHTON KS 67839 CONTRACT LABOR 1087189 AECI- CONSTRUCTION SERVICES PO BOX 194208 LITTLE ROCK AR 722194208 CONTRACT LABOR 684833 WEST TREE SERVICE COMPANY INC PO BOX 55362 LITTLE ROCK AR 72215 RIGHT OF WAY CLEAR 345126 OSMOSE UTILITIES SERVICES INC PO BOX 8000 DEPT 560 BUFFALO NY 14267 RIGHT OF WAY SPRAY 328306 11 0 SALES AND SERVICE 221000 60099818 60099818 60099818 1724797 0 0 1724797 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 593187 593187 593187 593187 593187 62417802 60099818 0 2317984 0 0 0 3850312 0 608075 0 0 927611 0 0 0 0 0 0 0 0 0 0 0 0 197360 0 0 0 60734 0 0 0 127259 0 0 0 0 0 518100 0 0 0 0 0 0 5561396 0 0 0 0 5589131 0 0 0 0 COST OF POWER PURCHASED 30397499 0 0 0 MAINTENANCE 6246905 0 0 0 OPERATION 3059026 0 0 0 CONSUMER ACCOUNTS EXPENSE 2662680 0 0 0 2611714 62417802 0 0 0 274372 312645 11283818 15016737 0 0 13142370 12264313 5922 4488 0 0 0 0 1237408 1231842 58471 58533 211556711 65400589 142814814 146156122 27240514 28983886 0 0 0 0 0 0 526065 596042 196583754 204624608 11152429 9183907 0 0 0 0 0 0 0 0 0 0 97470300 102398969 0 0 22708489 26127025 131331218 137709901 X 68592444 72040280 -3339908 -5125573 0 0 65252536 66914707 196583754 204624608 X 0 1662171 X false true X true true true 1608355 1608355 3754439 2965923 788516 196141147 62434666 133706481 10052770 10052770 146156122 0 CONSUMER DEPOSITS 1051640 PROVISION FOR PENSION BENEFITS 22772789 CUSTOMER ADVANCES FOR CONSTRUC 854826 PATRONAGE CAPITAL PAYABLE 923770 CURRENT PROV. FOR POSTRETIREME 524000 26127025 62417802 62417802 62417802 58567490 58567490 3850312 3850312 62417802 PATRONAGE ASSIGNED TO MEMBERS SCHEDULE D, PART XII, LINE 4B 2012 PARTONAGE ASSIGNED TO MEMBERS IN 2013: $3,850,312 X X false false false MEL COLEMAN 204441 0 0 0 3793 0 91507 0 20149 0 319890 0 0 0 BOBBY BOOKOUT 20498 0 0 0 0 0 0 0 0 0 20498 0 0 0 JAMES WOODY 112265 0 0 0 535 0 52553 0 19513 0 184866 0 0 0 JASON STRONG 110149 0 0 0 415 0 24329 0 20028 0 154921 0 0 0 STEVE HALL 108596 0 0 0 3101 0 50793 0 21031 0 183521 0 0 0 JIM BLACKMON 101402 0 0 0 1040 0 46551 0 19415 0 168408 0 0 0 BILLY BRYANT 13691 0 0 0 0 0 0 0 0 0 13691 0 0 0 COMPENSATION OF CEO SCHEDULE J, PART I, LINE 3 SEE SCHEDULE O FOR EXPLANATION OF CEO'S COMPENSATION EVALUATION AND APPROVAL. LARRY GOODWIN BOARD MEMBER ERC X 6816 2275 false true true JERRY ESTES EMPLOYEE ERC X 2889 2213 false true true 4488 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVALIABLE TO THE PUBLIC UPON WRITTEN REQUEST. MEMBERS FORM 990, PART VI, SECTION A, LINE 6, LINE 7(A) & LINE 7(B) THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12(C) THE BOARD INTERPRETS AND ENFORCES THIS POLICY. COOPERATIVE'S LEGAL COUNSEL MUST ANNUALLY REVIEW THIS POLICY WITH ALL OFFICIALS. THE MINUTES OF ALL BOARD MEETINGS SHOULD RECORD ALL DISCLOSURES, VOTES, AUTHORIZATIONS, AND OTHER ACTIONS TAKEN UNDER THIS POLICY. EACH OFFICIAL MUST ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ATTACHED TO THIS POLICY AND DELIVER THE COMPLETED AND SIGNED FORM TO PRESIDENT OR MANAGER. IF AN OFFICIAL DISCOVERS ANY INFORMATION OR FACT THAT COULD IMPACT ANOTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN THE OFFICIAL MUST DISCLOSE THE INFORMATION OR FACT TO PRESIDENT OR MANAGER IMMEDIATELY. IF MANAGER OR PRESIDENT RECEIVES A FORM DISCLOSING ANY INFORMATION OR FACT THAT COULD IMPACT AN OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN, RESPECTIVELY, MANAGER MUST DELIVER THE FORM TO PRESIDENT AND PRESIDENT MUST DISTRIBUTE THE FORM TO THE BOARD. IF MANAGER OR PRESIDENT RECEIVES OR DISCOVERS ANY OTHER INFORMATION OR FACT THAT COULD IMPACT ANY OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN, RESPECTIVELY, MANAGER MUST DISCLOSE THIS INFORMATION OR FACT TO PRESIDENT AND PRESIDENT MUST DISCLOSE THIS INFORMATION OR FACT TO THE BOARD. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT A DIRECTOR'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST: A. PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMMENT ORALLY AND IN WRITING REGARDING THE INFORMATION OR FACT, AND AN OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL; AND B. DETERMINE WHETHER THE DIRECTOR COMPLIES WITH THIS POLICY. IF THE BOARD DETERMINES THAT A DIRECTOR DOES NOT COMPLY WITH THIS POLICY, THEN: A. THE BOARD MUST PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMPLY WITH THIS POLICY WITHIN THIRTY DAYS; AND B. IF THE DIRECTOR DOES NOT COMPLY WITH THIS POLICY WITHIN THIRTY DAYS, THEN, AS ALLOWED BY LAW, THE BOARD MUST SANCTION, DISQUALIFY, AND/OR REMOVE THE DIRECTOR. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT ANY OTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST ACT AS APPROPRIATE OR AUTHORIZE THE MANAGER TO ACT AS APPROPRIATE. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A & LINE 15B NORTH ARKANSAS ELECTRIC COOPERATIVE HAS AN INDEPENDENT CONSULTANT THAT DEVELOPS THE SALARY RANGE STRUCTURE BASED ON COMPARABILITY DATA. THE CONSULTANT DOES NOT APPROVE THE COMPENSATION, BUT DEVELOPS THE SALARY RANGES THAT ARE USED IN MERIT REVIEW COMPENSATION FOR ALL POSITIONS. PROCESS TO REVIEW THE FORM 990 FORM 990, PART VI, LINE 11B JULIE HANEY, MANAGER OF FINANCE AND ACCOUNTING, REVIEWS ALL INFORMATION. IF ALL APPEARS TO BE CORRECT TO THE FINANCIAL STATEMENTS OF THE ORGANIZATION, SHE PASSES IT TO THE CEO, MEL COLEMAN, FOR HIS REVIEW. IF ALL APPEARS TO BE IN ORDER, THE BOARD IS PRESENTED WITH A COPY FOR EACH MEMBER TO REVIEW AND APPROVE. MEETING DOCUMENTATION FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE USED AT THIS TIME. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 NET INCOME BEFORE PARTONAGE ASSIGNED $3,850,312 CHANGE IN MEMBERSHIP FEES 2,075 CHANGES IN OTHER EQUITIES 14,918 RETIREMENT OF CAPITAL CREDITS (402,476) CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS- POSTRETIREMENT BENEFITS (1,802,658) ---------------------------------------------------------------- TOTAL $1,662,171 BENEFITS PAID TO OR FOR MEMBERS FORM 990, PART, IX, LINE 4 AMOUNT NOTED ON THIS LINE RELATES TO PARTONAGE DIVIDENDS ASSIGNED AFTER 2012 YEAR END FOR THE 2012 YEAR.