2012-09-04T11:48:17-05:00 2011-12-31 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2011-01-01 730431276 RURAL ELECTRIC COOPERATIVE INC RURA 4057563104 PO BOX 609 LINDSAY OK 730520609 DALE NYE 4057563104 2012-08-13 true SEAN B DUNAHAY CPA 9187498337 2012-08-13 2011 2016-02-24 21:20:13Z DALE NYE PO BOX 609 LINDSAY OK 730520609 30869973 false X WWW.RECOK.COOP X 1938 OK TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS 9 8 53 0 0 28591360 30783210 73481 49973 46529 35627 28711370 30868810 6178 10463 1164340 4092408 4102205 0 0 23065449 25059034 27164035 30336042 1547335 532768 51926025 54341720 27214494 28157515 24711531 26184205 X TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS false false PROVIDING ELECTRIC POWER TO OUR MEMBERS - 10,806 ACTIVE SERVICES WERE PROVIDED ELECTRIC POWER ON A COOPERATIVE BASIS AT YEAR END THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. PROVIDING ELECTRIC POWER TO OUR MEMBERS - 10,749 ACTIVE SERVICES WERE PROVIDED ELECTRIC POWER ON A COOPERATIVE BASIS AT YEAR END THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. false false false false false false false false false true false true false true true true true false false false false false false false false false true false true false false false false false true false false false false false true true true false true 63 0 53 true false false false false false 30173061 695747 false X 9 8 false false false false true true true true true false false true true true false true true true true false OK X LINDA RAY CHIEF FINANCIAL OFFICER 4057563104 801 N INDUSTRIAL HEIGHTS LINDSAY OK 73052 SCOTT CHRISTIAN 12.00 X 34392 0 0 MELTON JORDAN JR 6.00 X 30374 0 0 BRENT BACON 6.00 X 30081 0 0 JOHNNY HARREL 7.00 X X 29612 0 0 CHARLES CRAWFORD 6.00 X X 29472 0 0 GARY JONES 11.00 X X 29197 0 0 MERLENE RUST 7.00 X 28359 0 0 RAY ANTHONY 5.00 X 27501 0 0 LARRY ANDERSON 5.50 X 8418 0 0 DALE NYE 50.00 X 163850 0 87980 LINDA RAY 32.00 X 108900 0 49000 520156 136980 2 false true false MARK'S ELECTRIC CONSTUCTION INC PO BOX 646 PAULS VALLEY OK 73075 LINE CONSTR 449379 WRIGHT TREE SERVICES INC PO BOX 1718 DES MOINES IA 50306 ROW 399947 NORTHEAST RURAL SERVICES INC PO BOX 399 VINITA OK 74301 SPRAYING/ROW 310245 OSMOSE UTILITIES SERVICES INC PO BOX 8000 BUFFALO NY 14267 POLE TREATMENT 164843 4 ELECTRIC SALES 221000 30173062 30173062 PATRONAGE DIVIDENDS 221000 610148 610148 30783210 49973 49973 2275 20668 2275 20668 22943 22943 425 1163 -738 -738 ALL OTHER REVENUE 221000 13422 13422 13422 30868810 30782472 86338 10463 1164340 657856 1919196 588170 705154 231829 1160801 1631585 COST OF PURCHASED POWER 18734990 DISTRIBUTION EXPENSES 1921384 ADMIN & GENERAL EXPENSE 799777 OTHER TAXES 586821 223676 30336042 0 0 0 109688 463839 5041 42 1921050 2157146 1041062 825291 235534 288542 1814 28439 57083361 19828942 36063831 37254419 10257826 10793407 2290179 2530595 51926025 54341720 1678323 1862452 609111 454570 19791668 20844620 5135392 4995873 27214494 28157515 X 37940 30245 24673591 26153960 24711531 26184205 51926025 54341720 532768 939906 X false true true X true true false false false false false false false false false false 644837 644837 1895038 1110361 784677 53898420 18718581 35179839 645066 645066 37254419 WESTERN FARMERS G&T 8921295 C CERTIFICATES 1096067 C CORPORATION 531816 C PATRONAGE CAPITAL - FEDERATED INSURA 96946 C PATRONAGE CAPITAL - AR ELECTRIC 70991 C PATRONAGE CAPITAL - NISC 61991 C COMMON STOCK - REC SERVICES 10000 C OTHER INVESTMENTS - ERC LOAN PROGRAM 3201 C MEMBERSHIPS 1100 C 10793407 ACCUM PROVISION - PENSION & BENEFITS 3630321 ACCRUED EMPLOYEE COMPENSATED ABSENCE 496820 CONSUMER DEPOSITS 381870 ACCUMULATED LOSS - REC SERVICES, INC 263218 ACCRUED TAXES 135782 OTHER ACCRUED LIABILITIES 87862 4995873 30868810 30336042 532768 1164340 1164340 1697108 32033150 1164340 1164340 30868810 30868810 30336042 30336042 30336042 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X ON JANUARY 1, 2009, THE COOPERATIVE AND SUBSIDIARY ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE AND SUBSIDIARY DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. THE COOPERATIVE AND ITS SUBSIDIARY FILE INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND OKLAHOMA. THE COMPANIES ARE NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY FEDERAL AND STATE TAXING AUTHORITIES FOR YEARS BEFORE 2008. THE COOPERATIVE RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEARS ENDED DECEMBER 31, 2011 AND 2010. MANAGEMENT HAS CONSIDERED WHETHER THE COMPANY HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE, NO PROVISION IS PROVIDED. THE COMPANY HAS TAX RETURNS FOR TAX YEARS 2008-2010 IN VARIOUS JURISDICTIONS THAT REMAIN SUBJECT TO EXAMINATION. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 PATRONAGE DIVIDEND ALLOCATION 1,164,340 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D PATRONAGE DIVIDEND ALLOCATION 1,164,340 false X ADDITIONAL INFORMATION SCHEDULE I, PAGE 4, PART IV ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. X X X false false false DALE NYE 135455 5750 22645 66220 21760 251830 LINDA RAY 103491 750 4659 37933 11067 157900 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III PART II, COLUMN C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR THE PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANICAL STATEMENTS. DALE E NYE ACTURIAL INCREASE IN DEFINED BENEFIT PLAN 33,390 401(K) EMPLOYER MATCH 6,450 TOTAL COLUMN C: 39,840 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (33,390) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 38,790 TOTAL COOPERATIVE CASH CONTRIBUTION 45,240 WESTERN FARMERS ELECTRIC COOP BOARD PRESIDENT 18734990 THE COOPERA.... false ADDITIONAL INFORMATION SCHEDULE L PART V SCH LPART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS A NAME OF PERSON WESTERN FARMERS ELECTRIC COOPERATIVE B RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION THE BOARD PRESIDENT IS A MEMBER ON WESTERN FARMERS BOARD C DESCRIPTION OF TRANSACTION THE COOPERATIVE PURCHASES ELECTRIC POWER FROM WESTERN FARMERS ELECTRIC COOPERATIVE ADDITIONAL INFORMATION FORM 990 PART IX ACCOUNTING SYSTEM THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH WITH THE UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE (RUS). THE UNIFORM SYSTEM OF ACCOUNTING DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX, LINES 1-23. THE COOPERATIVE WILL BREAK OUT SALARIES AND WAGES, EMPLOYEE BENEFITS, AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS. PART VIII, LINE 2B PATRONAGE DIVIDENDS PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. PART VII, COLUMN F TO PROVIDE DETAIL REGARDING OFFICER BENEFITS IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, LONG-TERM DISABILITY AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN F FOR THE OFFICER IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. PART VI, LINE 1B INDEPENDENT DIRECTORS GARY JONES PER IRS FORM 990 INSTRUCTIONS IS NOT AN INDEPENDENT DIRECTOR BECAUSE HE IS ON THE BOARD OF WESTERN FARMERS ELECTRIC COOPERATIVE. THE COOPERATIVE PURCHASES ITS ELECTRIC ENERGY FROM WESTERN FARMERS. THE COOPERATIVE IS A MEMBER OF WESTERN FARMERS, AS SUCH MR. JONES IS THE COOPERATIVE'S REPRESENTATIVE ON WESTERN FARMER'S BOARD. MR. JONES HAS NO OWNERSHIP INTEREST IN WESTERN FARMERS AND RECEIVES NO DIRECT OR INDIRECT BENEFIT FROM THE COOPERATIVE DOING BUSINESS WITH WESTERN FARMERS. ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D PROVIDING ELECTRIC POWER TO OUR MEMBERS - 10,749 ACTIVE SERVICES WERE PROVIDED ELECTRIC POWER ON A COOPERATIVE BASIS AT YEAR END THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; 2. THE DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; AND 3. THE MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW, AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WERE PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE THE FILING OF THE FORM 990. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS AND A COMPENSATION COMMITTEE USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN OKLAHOMA AND THE NATION. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE GENERAL MANAGER USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT OKLAHOMA AND THE NATION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE DISTRIBUTES A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. A COPY OF THE BY-LAWS IS PROVIDED TO ALL NEW MEMBERS, AND ANY BY-LAWS REVISIONS ARE HANDED OUT AT THE ANNUAL MEETING. REC SERVICES INC 73-1370914 PO BOX 609 LINDSAY OK 73052 731370914 PROPANE DI OK N/A false false false false false false false false false false false false false false false false false true REC SERVICES INC R -23230 CASH RECEIPTS