2012-08-13T10:12:08-05:00 2011-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2011-01-01 810218128 MARIAS RIVER ELECTRIC COOPERATIVE INC MARI 4064345575 PO BOX 729 SHELBY MT 59474 MERLE RAPH 4064345575 2012-08-02 1 RANDAL J BOYSUN P00039907 4067614645 2011 2016-02-24 21:20:13Z MERLE RAPH PO BOX 729 SHELBY MT 59474 6959107 0 X WWW.MARIASRIVEREC.COM X 1945 MT PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA 9 9 26 0 0 0 0 0 6356450 6533949 29702 46047 415511 379111 6801663 6959107 0 0 0 313802 311461 231014 0 0 0 5875054 6029770 6186515 6574586 615148 384521 10430072 11270928 3919722 4384214 6510350 6886714 PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA 0 0 5883015 6959107 PROVIDE ELECTRIC POWER SERVICE TO COOPERATIVE MEMBERS IN NORTHERN RURAL MONTANA 5883015 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 0 1 33 0 26 1 0 0 0 0 0 0 0 0 0 6533949 425158 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARK GROTBO 4064345575 PO BOX 729 SHELBY MT 59474 MERLE RAPH 3.00 X X 2907 0 0 ADRIAN HAWKS 2.00 X X 1895 0 0 JOE SISK 1.00 X X 2613 0 0 MEL FRETHEIM 2.00 X 2086 0 0 EVE JACOBSON 2.00 X 2295 0 0 TERRY PETERS 1.00 X 1417 0 0 DAN GLIKO 2.00 X 2800 0 0 ROBERT PACE 2.00 X 2567 0 0 SHANNON MCALLISTER 1.00 X 1755 0 0 MARK GROTBO 32.00 X 100818 25204 62383 121153 25204 62383 1 0 1 0 RED ROCK POWER INC 48 2ND AVE 205 HAVRE MT 59501 CONSTRUCTION 270956 1 ELECTRICAL SERVICE CHA 221000 6533949 6533949 6533949 46047 46047 CAPITAL CREDITS 221000 375474 375474 OTHER NONOPERATING INC 221000 3637 3637 379111 6959107 6959107 0 0 313802 313802 20335 20335 202031 202031 8648 8648 129873 129873 447085 447085 COST OF POWER 3973088 3973088 DISTRIBUTION - MAINTENA 500697 500697 DISTRIBUTION - OPERATIO 341295 341295 CONSUMER ACCOUNTS EXPEN 250354 250354 387378 56694 330684 6574586 5883015 691571 0 59433 51147 284828 72306 425289 377129 187891 176449 141048 137041 15743807 7896201 7857040 7847606 1474543 2609250 10430072 11270928 522167 579472 2741088 3138199 656467 666543 3919722 4384214 X 0 0 1819464 2119905 4690886 4766809 6510350 6886714 10430072 11270928 X 384521 92661 X X 0 1 1 X 0 15743807 7896201 7847606 7847606 CONSTRUCTION WORK IN PROGRESS 859675 INTEREST RECEIVABLE 5478 SPECIAL FUND 121512 INVESTMENT IN ASSOCIATED ORGANIZATIONS 1334244 CAPITAL TERM CERTIFICATES 288341 2609250 ACCRUED INSURANCE 4653 ACCRUED VACATION 196109 CAPITAL CREDIT PAYABLE 28331 CONSUMER ENERGY PREPAYMENTS 195373 CONSUMERS DEPOSITS 45184 DEFERRED COMP 121512 EDUCATION FUND PAYABLE 860 INTEREST ACCRUED 5408 TAXES ACCRUED 69113 666543 6959107 6574586 384521 92661 92661 477182 6959107 0 6959107 0 6959107 6361602 0 6361602 313802 313802 6675404 PART XI, LINE 8 - OTHER ADJUSTMENTS: ALLOCATION OF MARGINS 313,802. CHANGE IN OTHER EQUITIES 11,320. RETIREMENT OF CAPITAL CREDITS -239,627. NET CHANGE TO ASSOC ORG CAPITAL CREDITS 7,166. TOTAL TO SCHEDULE D, PART XI, LINE 8: 92,661. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MARGINS X X X X 0 0 0 MARK GROTBO 100818 25204 0 0 0 0 0 0 49906 12477 150724 37681 0 0 FORM 990, PART VI, SECTION A, LINE 6 MARIAS RIVER ELECTRIC COOPERATIVE IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS AND RECEIVE CAPITAL CREDITS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A A COMMITTEE NOMINATES MEMBERS FOR EACH SEAT ON THE BOARD OF DIRECTORS. AT THE ANNUAL MEETING, A VOTE OF THE ENTIRE MEMEBERSHIP IS TAKEN TO APPROVE OR AMEND THE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO ORGANIZATIONAL BY-LAWS AND SELLING A SUBSTANTIAL PORTION OF PROPERTY REQUIRES MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S INDEPENDENT CPA, REVIEWED BY MANAGEMENT FOR ANY CORRECTIONS AND PROVIDED TO THE BOARD FOR THEIR REVIEW AND QUESTIONS. AFTER THE BOARD REVIEWS, ALL BOARD MEMBERS ARE POLLED FOR THEIR APPROVAL OF THE FORM 990. THE MOTION TO APPROVE WAS PASSED WITHOUT OBJECTION. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE AND ENFORCEMENT. 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. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS PRESENTED TO THE BOARD FOR THE PRESIDENT'S SIGNATURE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ALLOCATION OF MARGINS 313,802. CHANGE IN OTHER EQUITIES 11,320. RETIREMENT OF CAPITAL CREDITS -239,627. NET CHANGE TO ASSOC ORG CAPITAL CREDITS 7,166. TOTAL TO FORM 990, PART XI, LINE 5: 92,661. OVERSIGHT OF AUDIT BY BOARD OF DIRECTORS FORM 990, PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BENEFITS PAID TO/FOR MEMBERS FORM 990, PAGE 10, PART IX, LINE 4 THIS LINE ITEM INCLUDE PATRONAGE TO BE ALLOCATED TO MEMBERS IN 2012 FOR THE 2011 ALLOCABLE NET MARGINS. THE COOPERATIVE DOES NOT ALLOCATE TO MEMBERS THE AMOUNT OF CAPITAL CREDITS ALLOCATED TO MARIAS FROM OTHER ASSOCIATED ORGANIZATIONS - THEY ONLY ALLOCATE TO MEMBERS THE AMOUNT OF RETIRED CAPITAL CREDITS FROM ASSOCIATED ORGANIZATIONS RECEIVED IN CASH. INCLUDING THESE ALLOCATED NET MARGINS AS FUNCTIONAL EXPENSES REDUCES NET MARGINS WHICH IS NOT IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WHICH INCLUDES THESE PATRONAGE DIVIDENDS AS CHANGES IN NET ASSETS ON THE 2011 FINANCIAL STATEMENTS. A RECONCILIATION TO THE AUDITED FINANCIAL STATEMENTS IS INCLUDED IN SCHEDULE D. COMPARATIVE INFORMATION ON PAGE 1 OF THE FORM 990 HAS BEEN ADJUSTED BASED ON THE NEW INSTRUCTIONS FOR"BENEFITS PAID TO/FOR MEMBERS" WHICH WILL DIFFER FROM THE INFORMATION PRESENTED ON THE 2010 FORM 990 FILED WITH THE IRS.