2012-11-13T09:15:25-06:00 2011-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2011-01-01 710033825 CLAY COUNTY ELECTRIC COOP CORP % GALA BLANCHARD CLAY 8708573521 P O BOX 459 CORNING AR 72422 DAVID SMITH 2012-11-05 true 5013721040 2011 2016-02-24 21:20:13Z DAVID SMITH 300 N MISSOURI AVE CORNING AR 72422 22777185 false X WWW.CLAYCOUNTYELECTRIC.COM X 1939 AR CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES. 9 9 77 0 0 0 0 0 20974148 21312250 584480 583224 656427 743557 22215055 22639031 0 0 2694715 2198202 1981204 1578285 0 0 0 17539136 18862544 22215055 22639031 0 80243175 83615242 48186081 50255274 32057094 33359968 CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES. false false SALES OF 170,929,739 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS/CONSUMERS ON A NON-PROFIT BASIS. false false false false false false false false true true false false true false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false true 23 0 true 77 true false false false false false 21291990 1347041 false X 9 9 false false false false true true true true true false false true true true true true true true true false X GALA BLANCHARD 8708573521 300 NORTH MISSOURI AVE PO BOX 45 CORNING AR 72422 JOHN DALTON 7.04 X X 20377 0 0 CHARLES RAGLIN 4.5 X X 21552 0 0 RONALD HALL 0.58 X 8675 0 0 TODD YOUNG 4.0 X 15983 0 0 FUTRELL BUTLER 5.56 X 14711 0 0 REUBEN SEAY 5.02 X 24475 0 0 JERRY TURNER 8.1 X 21507 0 0 CONNIE PENDERGRASS 4.1 X X 20883 0 0 CARY WILSON 2.14 X 16707 0 0 WADE SCHIMMING 2.19 X 11242 0 0 DAVID SMITH 40.0 X 150719 0 68114 326831 0 68114 1 false true false PROGRESSIVE SOLUTIONS CHEMICAL SPRAYER 227050 OSMOSE UTILITIES SERVICES POLE INSPECTION 230173 2 0 ENERGY SALES 221000 21312250 21312250 0 0 21312250 585049 0 0 585049 0 0 1175 3000 -1825 -1825 0 0 -1825 0 0 113463 135154 -21691 0 0 -21691 GENERATION & TRANSMISSION CAPITAL CREDITS 900099 690689 0 0 690689 OTHER CAPITAL CREDITS & PATRONAGE DIVIDENDS 900099 74559 0 0 74559 765248 22639031 21312250 0 1326781 0 0 0 2198202 394945 0 698547 0 484793 0 0 27869 45648 0 0 0 0 0 416913 0 0 0 0 0 0 2104547 0 1824433 163333 PURCHASED POWER 9767956 DISTRIBUTION EXP-OPER & MAINT 3162234 CUSTOMER ACCOUNTS EXPENSE 778422 CUSTOMER SERVICE & INFORMATION 84900 486289 22639031 1413850 2135195 14022630 15310166 0 0 1460232 1600105 0 0 0 0 0 0 5000158 5054865 89003 70001 70378970 20908239 48786802 49470731 0 0 9314787 9940995 0 0 0 0 155713 33184 80243175 83615242 924515 951316 0 0 0 0 0 0 0 0 0 0 42451828 43724540 0 0 4809738 5579418 48186081 50255274 X 189300 189260 777195 777194 31090599 32393514 32057094 33359968 80243175 83615242 X 0 1302874 X X false true true X false 648018 648018 61728363 20908239 40820124 8002589 8002589 49470731 ARK ELECTRIC COOP CORP 8311656 C ARK ELECTRIC COOP INC 436778 C NAT'L RURAL TELECOMM COOP 57119 C COOPERATIVE FINANCE CORP 883855 C NAT'L INFORMATION SYSTEM COOP 60258 C FEDERATED RURAL ELECTRIC INS 91812 C CLAY RANDOLPH SECURITY INC 76300 C WATER HEATER LEASE PROGRAM 10717 C COOPERATIVE RESPONSE CENTER 12500 C 9940995 0 ACCUMULATED OPERATING PROVISIO 2916604 CONSUMER DEPOSITS 501482 OTHER CURRENT & ACCRUED LIABIL 1853969 OTHER DEFERRED CREDITS 262602 CURRENT MATURITIES OF LONG-TER 44761 5579418 X false false false DAVID SMITH 150719 0 0 0 0 0 49220 0 18894 0 218833 0 0 0 CLASSES OF MEMBERS OF THE ORGANIZATION FORM 990, PAGE 6, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERS. THE MEMBERS ARE THE ELECTRIC COOPERATIVE MEMBERS (CUSTOMERS). ELECTION OF GOVERNING BODY FORM 990, PAGE 6, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF MEMBERS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE AND NO MORE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS FORM 990, PAGE 6, PART VI, SECTION A, LINE 7B ELECTRIC COOPERATIVE MEMBERS' APPROVAL IS REQUIRED FOR CHANGES IN THE ARTICLES OF INCORPORATION, SALES OF PROPERTY IN ANY ONE YEAR THAT EXCEEDS TEN PERCENT OF THE VALUE OF ALL PROPERTY OF THE COOPERATIVE, AND REMOVAL OF A DIRECTOR. REVIEW PROCESS OF FORM 990 FORM 990, PAGE 6, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE GENERAL MANAGER AND THE MANAGER OF FINANCE AND ADMINISTRATION. PRACTICE FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST FORM 990, PAGE 6, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONDUCTS PERIODIC BOARD AND OPERATIONAL POLICY REVIEWS. WITHIN THESE REVIEWS/UPDATES, THE CONFLICT OF INTEREST POLICY, PURCHASE PROCEDURES, ACCOUNTABILITY, AND OVERVIEW ARE EXAMINED. PROCESS FOR DETERMINING COMPENSATION FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A & 15B LINE 15A IN SEPTEMBER OF EACH YEAR, THE DIRECTORS AND COOPERATIVE ATTORNEY CONDUCT A REVIEW OF THE GENERAL MANAGER'S PERFORMANCE AND DETERMINE COMPENSATION BASED ON THE REVIEW AND COMPARABILITY DATA. LINE 15B COOPERATIVE BENEFITS & FINANCIAL SERVICES OUT OF GEORGIA PERFORMED A REVIEW AND PRODUCED A PAY SCALE AND JOB DESCRIPTION FOR EACH EMPLOYEE. EACH YEAR THE GENERAL MANAGER REVIEWS THAT SCALE AND DETERMINES COMPENSATION. AVAILABILITY OF CERTAIN ORGANIZATIONAL DOCUMENTS FORM 990, PAGE 6, PART VI, SECTION C, LINE 19 ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS BY AN INDEPENDENT AUDITOR FORM 990, PAGE 12, PART XII, LINE 2B CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. RECONCILIATION OF CHANGE IN NET ASSETS FORM 990, PAGE 12, PART XI, LINE 5 NET MARGIN 12/31/2011 BEFORE PATRONAGE ASSIGNED 2,198,202 RETIREMENT OF PATRONAGE CAPITAL CREDITS ( 566,789) ACTUARIAL LOSS ( 328,539) ------------ OTHER CHANGES IN NET ASSETS 1,302,874 BENEFITS PAID TO OR FOR MEMBERS FORM 990, PART IX, LINE 4 AMOUNT NOTED ON THIS LINE RELATES TO PATRONAGE DIVIDENDS ASSIGNED AFTER 2011 TAX YEAR END FOR THE 2011 TAX YEAR. PRIOR YEAR AMOUNTS RESTATED FORM 990, PAGE 1, PART I, LINES 14 & 19 PRIOR YEAR'S AMOUNTS FOR THESE LINES ON THE 2011 990 HAVE BEEN RESTATED TO CONFORM TO CURRENT YEAR PRESENTATION. THIS IS A RESULT OF A NEW REQUIREMENT FOR FORM 990, PART IX, LINE 4 TO INCLUDE PATRONAGE DIVIDENDS ASSIGNED BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. CLAY RANDOLPH SECURITY INC PO BOX 459 CORNING AR 72422 621677603 SECURITY SERV AR NA C CORP 76157 107064 1.00000 false false false false false false false false false false false false false false false false false false