2012-07-25T12:40:35-05:00 2011-12-31 631035228 JACKSON THORNTON & CO PC P O BOX 96 MONTGOMERY AL 361010096 990 2011-01-01 590235225 ESCAMBIA RIVER ELECTRIC COOP INC ESCA 8506754521 PO BOX 428 JAY FL 32565 CLAY R CAMPBELL 8506754521 2012-07-06 1 PATRICK COOPER P00856177 3348347660 2012-07-06 2011 2016-02-24 21:20:13Z CLAY R CAMPBELL PO BOX 428 JAY FL 32565 23177100 0 X WWW.EREC.COM X 1939 FL TO SUPPLY ELECTRIC SERVICE TO RURAL NORTHWEST FLORIDA CONSUMERS. 10 10 76 0 25659 21274 0 0 23982700 22928847 31264 25804 196147 222449 24210111 23177100 0 0 0 594657 263129 237323 0 0 0 23147928 22434791 23411057 23266771 799054 -89671 41622681 43179530 22113387 23165895 19509294 20013635 TO PROVIDE DEPENDABLE ELECTRIC SERVICE AT COMPETITIVE RATES TO THE RESIDENTS OF NORTHERN ESCAMBIA COUNTY AND SANTA ROSA COUNTY FLORIDA. 0 0 UTILIZING 1,823 MILES OF ELECTRIC DISTRIBUTION LINES, ESCAMBIA RIVER ELECTRIC COOPERATIVE, INC. PROVIDED 167,951,187 KILOWATT HOURS OF ELECTRIC ENERGY TO APPROXIMATELY 7,679 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL MEMBERS LOCATED IN NORTHWEST FLORIDA. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 27 0 1 76 1 1 1 0 0 0 0 21915400 1080739 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SONYA DOOLEY 8506757427 3425 HWY 4 W JAY FL 32565 SAMUEL WALKER 5.00 X 3250 0 0 RICHARD HUNSUCKER 5.00 X 3500 0 0 RADFORD LOCKLIN 5.00 X 4550 0 0 JOHN M DIAMOND 5.00 X 3500 0 0 JAMES E HALL 5.00 X 3250 0 0 ED KELLEY 5.00 X 3000 0 0 JOHNIE JOHNSON 5.00 X 1000 0 0 ERNIE HESTER 5.00 X 3000 0 0 DALE WESTMORELAND 5.00 X 3000 0 0 WILLIAM COON 5.00 X 5000 0 0 CLAY R CAMPBELL 40.00 X 140767 0 9286 SONYA DOOLEY 40.00 X 49776 0 4444 223593 0 13730 1 0 1 0 MUSGROVE CONSTRUCTION INC 8708 US 90 LIVE OAK FL 32060 LINE CONSTRUCTION 691822 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 ENGINEERING 162963 2 SALES OF ELECTRICITY 221000 21892742 21892742 PATRONAGE CAPITAL 221000 727707 727707 WATER SALES 221000 308398 308398 22928847 25804 25804 3000 203620 3000 203620 206620 25659 180961 NON-OPERATING INCOME 221000 15829 15829 15829 23177100 22944676 25659 206765 594657 237323 1065465 1333968 COST OF POWER 14188600 GENERAL & ADMIN EXP 1806302 DIST EXP - MAINTENANCE 1774098 DIST EXP - OPERATIONS 1242324 1024034 23266771 2191847 1664919 2718817 2164458 895000 449539 455023 77299 12322 47583913 16752694 29648533 30831219 6360971 7036275 175675 120314 41622681 43179530 2267553 1998631 19201527 20554086 644307 613178 22113387 23165895 X 39040 38395 0 0 19470254 19975240 19509294 20013635 41622681 43179530 X -89671 594012 X X 0 1 1 X 1 1 507564 507564 47076349 16752694 30323655 30831219 PATRONAGE CAPITAL FROM ASSOCIATED ORGANIZATIONS 6573570 C CAPITAL TERM CERTIFICATES 445769 C OTHER INVESTMENTS IN ASSOCIATED ORGANIZATIONS 16936 C 7036275 CONSUMER DEPOSITS 460690 DEFERRED COMPENSATION PAYABLE 120314 DEFERRED CREDITS 32174 613178 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: INCOME TAXES - EREC IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). ERRS IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. MANAGEMENT EVALUATED THE COOPERATIVE'S TAX POSITIONS AND CONCLUDED THAT THE COOPERATIVE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. X X 0 0 0 CLAY R CAMPBELL 140767 0 0 0 0 0 6639 0 2647 0 150053 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ESCAMBIA RIVER ELECTRIC COOPERATIVE, INC. IS A NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE IDENTICAL VOTING RIGHTS AND ARE ASSIGNED MARGINS IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF ESCAMBIA RIVER ELECTRIC COOPERATIVE, INC. MAY ELECT ONE OR MORE MEMBERS OF ITS GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP MUST APPROVE DECISIONS THAT INVOLVE SUBSTANTIAL TRANSFERS OF COOPERATIVE ASSETS, AMENDMENTS TO THE COOPERATIVE'S BYLAWS, AS WELL AS OTHER DECISIONS REQUIRING APPROVAL OF THE MEMBERSHIP BY LAW, THE ARTICLES OF INCORPORATION, AND/OR THE COOPERATIVE'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE ACCOUNTING STAFF AT ESCAMBIA RIVER ELECTRIC COOPERATIVE, INC. CONDUCTED AN EXTENSIVE REVIEW OF THE FORM 990 BEFORE IT WAS PRESENTED TO THE BOARD OF TRUSTEES. THE GENERAL MANAGER ATTENDED THE JULY 2012 BOARD MEETING, PROVIDED THE TRUSTEES WITH A COPY OF THE FORM 990, AND CONDUCTED A FORMAL REVIEW OF THE FORM 990 WITH THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, THE TRUSTEES AND KEY MANAGEMENT EMPLOYEES RECEIVE A QUESTIONNAIRE TO BE COMPLETED AND RETURNED REGARDING THIS POLICY. THE DIRECTOR OF FINANCE ENSURES THAT THE QUESTIONNAIRES ARE RETURNED AND REVIEWED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION PARTICIPATES IN A NATIONAL SALARY AND BENEFIT SURVEY AMONG THE RURAL COOPERATIVES. THE RESULTS OF THE SURVEY ARE PRESENTED BY MANAGEMENT ANNUALLY TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW. THE MEMBERS OF THE GOVERNING BODY THEN DISCUSS THE RESULTS OF THE SURVEY AND MAKE A DECISION REGARDING THE COMPENSATION OF THE OFFICERS AS WELL AS OTHER EMPLOYEES. THIS PROCESS IS REFLECTED IN THE MINUTES OF THE BOARD OF TRUSTEES' MEETING. FORM 990, PART VI, SECTION C, LINE 19 ESCAMBIA RIVER ELECTRIC COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE COOPERATIVE'S MAIN OFFICE LOCATED IN JAY, FLORIDA. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DECREASE IN MEMBERSHIPS -645. ASSIGNMENT OF MARGINS TO MEMBERS 594,657. TOTAL TO FORM 990, PART XI, LINE 5: 594,012. FORM 990, PART XII, LINE 2C ESCAMBIA RIVER ELECTRIC COOPERATIVE, INC. DID NOT CHANGE ITS PROCESSES OF OVERSIGHT AND SELECTION FOR THE YEAR ENDED DECEMBER 31, 2011. FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2011 FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT FROM TAX UNDER SECTION 501(C)(12) SHOULD REPORT PATRONAGE DIVIDENDS PAID TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. ESCAMBIA RIVER ELECTRIC COOPERATIVE HAS INTERPRETED THE WORDS "PATRONAGE DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. EACH YEAR, ESCAMBIA RIVER ELECTRIC COOPERATIVE ASSIGNS ITS NET MARGINS, EXCLUDING THE MARGINS ATTRIBUTABLE TO WALTNUT HILL WATER WORKS, TO ITS MEMBERS. THE AMOUNT REPORTED ON PART IX, LINE 4 OF THE FORM 990 REPRESENTS THE PORTION OF THE 2011 NET MARGINS ASSIGNED TO MEMBERS. ESCAMBIA RIVER EDUCATIONAL FUND PO BOX 428 JAY FL 32565 593530753 TO PROVIDE SCHOLARSHIPS TO STUDENTS FL 501(C)(3) A COMMUNITY TRUST N/A 0 ESCAMBIA RIVER RURAL SERVICES INC P O BOX 428 JAY FL 32565 593219530 SATELLITE INTERNET SALES AND SERVICE AL N/A C 422345 2816754 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ESCAMBIA RIVER RURAL SERVICES INC A 3000 CASH RECEIVED