2012-03-14T16:36:16-07:00 2011-12-31 Nicholson & Company PLLC P O Drawer 15099 Hattiesburg MS 394045099 990 2011-01-01 640219645 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION PEAR 6017362666 POST OFFICE BOX 1217 COLUMBIA MS 39429 RANDY WALLACE 2012-03-14 true Susan A Riley CPA 6012643519 2011 2016-02-24 21:20:13Z RANDY WALLACE POST OFFICE BOX 1216 COLUMBIA MS 39429 119367095 false false X N/A X 1938 MS THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. 9 0 144 0 0 123686313 119084415 410364 261571 19727 21109 124116404 119367095 0 0 9807563 9617410 0 0 107459668 103467645 117267231 113085055 6849173 6282040 190696040 201289953 120846275 138117775 69849765 63172178 THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. false false 119084415 PRVEPA PROVIDED ELECTRIC POWER TO 47,058 CONSUMERS DURING 2011. false false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 21 0 true 144 true false false false false false false false false false false false 117099370 2254945 false false false false X 9 0 false false false false true true false true true false false false true true true true false true true true false false X RANDY WALLACE 6017362666 HIGHWAY 13 NORTH COLUMBIA MS 39429 WILLIAM PITTMAN 50.00 X 97093 0 15595 WA KENDRICK 7.00 X 22550 0 0 SAM CAIN 0.00 X 176782 0 25159 RANDY WALLACE 50.00 X 235881 0 37420 MATTHEW WARE 40.00 X 101088 0 20385 LAWRENCE W WARREN 2.00 X 17550 0 0 LAVELL BOND 7.00 X 21800 0 0 KELLY SPEIGHTS 8.00 X 21000 0 0 JJ SHELTON III 9.00 X 19800 0 0 HUGH GENE SMITH 6.00 X 21800 0 0 DANNY WILKS 12.00 X 19950 0 0 CR STUCKEY 40.00 X 102444 0 14053 BYRUS HURT 6.00 X 21086 0 0 BF HUDSON JR 9.00 X 22550 0 0 901374 112612 4 false true false VFP INC PO BOX 890358 CHARLOTTE NC 282890358 MODLR STRCTURE CONST 564383 PIERCON INC 23 LIBERTY PLACE HATTIESBURG MS 39402 CONSTRUCTION 548716 MDR CONSTRUCTION 621 E BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONSTRUCTION 627355 M&M LINE CLEARANCE PO BOX 505 LAUREL MS 39441 RIGHT OF WAY MAINT 2575687 LOOKS GREAT SERVICES 259 RIVER ROAD COLUMBIA MS 39429 RIGHT OF WAY MAINT 778505 5 0 PATRONAGE CREDITS 4488289 4488289 ELECTRIC SALES MEMBER 113662629 113662629 ELECTRIC PLANT LEASED 151000 151000 COMMON USE POLE RENTAL 782497 782497 119084415 255376 255376 0 0 0 6195 6195 6195 6195 0 0 0 SURGE PROTECTOR SALES MISCELLANEOUS INCOME 3100 3100 METER SOCKET SALES 18009 18009 21109 119367095 119367095 0 0 0 0 776016 0 4841533 1456071 2088812 454978 0 42510 90142 0 0 0 0 0 592323 0 0 0 90825 0 0 5592108 0 5354004 0 TAXES - OTHER 566845 MAINTENANCE OF RIGHT-OF-WAY 3330946 MAINTENANCE OF OVERHEAD LINES 722502 COST OF PURCHASED POWER 83930210 CONSUMER RECORDS & COLLECTION 753809 2401421 113085055 0 0 0 2638936 5613395 0 0 12937640 12530930 0 0 0 2823021 2762032 240859 435961 203484908 56816551 142527542 146668357 0 0 0 0 29528042 33279278 190696040 201289953 17522549 27111361 99586629 107153561 3737097 3852853 120846275 138117775 X 340080 336425 608057 608057 68901628 62227696 69849765 63172178 190696040 201289953 X 6282040 -12959627 X false true true X true true 203484908 56816551 146668357 146668357 PATRONAGE CAPITAL 32551260 INTEREST & DIVIDEND INCOME REC 728018 33279278 UNEARNED LEASE INCOME 10417 UNAMORTIZED GAIN ON REACQUIRED DEBT 664850 OTHER LIABILITY-UNDERFUNDED POST RETIRE 500462 CURRENT PORTION-UNDERFUNDED POST RET 27434 CONSUMER DEPOSITS 2649690 3852853 119367095 113085055 6282040 136935 136935 6418975 119354315 119354315 12780 12780 119367095 112935340 112935340 149715 149715 113085055 Part X Part X : FIN48 Footnote On January 1, 2010, the Association adopted the provisions of FASB ASC 740, Income Taxes. FASB ASC 740 clarifies the accounting for uncertainty in tax positions and the recognition of such income tax positions taken or expected to be taken in the Association's income tax returns. The Association's income tax returns are subject to examination by the IRS, generally for three years after they were filed. In evaluating the Association's tax positions, the Association believes their estimates are appropriate based on current fact and circumstances and that no uncertain positions were taken. Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S AMORT OF GAIN OF L. T. DEBT $136935 COST OF SURGE PROTECTOR EQUIPMENT $529 COST OF METER SOCKET LEASED $12251 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S COST OF SURGE PROTECTOR EQUIPMENT $529 COST OF METER SOCKET LEASED $12251 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances GAIN ON REACQUISITION OF DEBT $136935 Distributions of capital credits $ -1970818 Defined benefit plan net loss $ -11122089 Decrease in Membership Equity $ -3655 X X false false false SAM CAIN 176782 15626 9533 201941 205567 RANDY WALLACE 235881 27887 9533 273301 263414 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, conflict of interest policy, and financial statements are made available to the public on request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The compensation of the General Manager is determined by using comparability data and is approved by the Board of Directors. The compensation of other officers and key employees is determined using comparability data,is inititally approved and recommended by the General Manager, and is then given final approval by the Board of Directors. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts A questionnaire is sent annually to all employees requesting information regarding possible conflicts of interest. These questionnaires are reviewed by the General Manager. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The Manager of Accounting and Financial Services provides the independent auditors with information used in preparing the Form 990. The completed form is then reviewed by the Manager of Accounting and Financial Services and by the General Manager. The General Manager then presents the Form 990 to the Board of Directors for their review.