SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0421795)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-24
IRS object ID: 201222069349300212
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-24T10:02:15-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	560747981	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DIXON HUGHES GOODMAN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 EXCHANGE STREET SUITE G	AddressLine1
City	DANVILLE	City
State	VA	State
ZIP Code	24541	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	560421795	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SURRY-YADKIN ELECTRIC MEMBERSHIP CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SURR	NameControl
Phone	3363568241	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 305	AddressLine1
City	DOBSON	City
State	NC	State
ZIP Code	270170305	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GREG PUCKETT	Name
Title	MANAGER	Title
Phone	3363568241	Phone
Date Signed	2012-07-23	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	CATHY LILES	Name
PTIN	P00440600	PTIN
Phone	4347925334	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GREG PUCKETT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 305	AddressLine1
City	DOBSON	City
State	NC	State
ZIP Code	27017	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	44961628	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	HTTP://WWW.SYEMC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1940	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	58	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	45056696	ProgramServiceRevenuePriorYear
Program Service Revenue CY	44675427	ProgramServiceRevenueCY
Investment Income Prior Year	137452	InvestmentIncomePriorYear
Investment Income Current Year	161239	InvestmentIncomeCurrentYear
Other Revenue Prior Year	280553	OtherRevenuePriorYear
Other Revenue Current Year	124962	OtherRevenueCurrentYear
Total Revenue Prior Year	45474701	TotalRevenuePriorYear
Total Revenue Current Year	44961628	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	4455	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	872645	BenefitsPaidToMembersCY
Salaries Etc Prior Year	613089	SalariesEtcPriorYear
Salaries Etc Current Year	988322	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	43390383	OtherExpensePriorYear
Other Expenses Current Year	42772723	OtherExpensesCurrentYear
Total Expenses Prior Year	44003472	TotalExpensesPriorYear
Total Expenses Current Year	44638145	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1471229	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	323483	RevenuesLessExpensesCY
Total Assets BOY	83354767	TotalAssetsBOY
Total Assets EOY	88541838	TotalAssetsEOY
Total Liabilities BOY	57334215	TotalLiabilitiesBOY
Total Liabilities EOY	64061147	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	26020552	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	24480691	NetAssetsOrFundBalancesEOY
Mission Description	SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS	Description
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	21	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	58	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Gross Income From Members	44675427	GrossIncomeFromMembers
Gross Income Other Sources	257259	GrossIncomeOtherSources
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	0	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NC	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	GREG PUCKETT - SURRY YADKIN EMC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3363568241	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	510 SOUTH MAIN STREET	AddressLine1
City	DOBSON	City
State	NC	State
ZIP Code	27017	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
GRADY V NICHOLS
DIRECTOR	4.00	X	11051	0	0
JOHN C BROOKS
DIRECTOR	4.00	X	6794	0	0
BOBBY S ADAMS
DIRECTOR	4.00	X	11293	0	0
WAYNE MCINNIS
DIRECTOR	0.00	X	137	0	0
ALVIN R REID SR
DIRECTOR	3.50	X	10643	0	0
BENNY G WILES
DIRECTOR	6.00	X	19327	0	0
DAVID PENDRY
DIRECTOR	7.00	X	26543	0	0
J AUBREY JOYCE
TREASURER	3.50		10643	0	0	X
LEE VON SPEAKS
PRESIDENT	11.00		16193	0	0	X
KAROLINE C OVERBY
SECRETARY	7.00		26368	0	0	X
WILLARD L SWIFT
VICE PRESIDENT	7.00		9411	0	0	X
GREG PUCKETT
EXEC. VP & GENERAL MGR	40.00		127410	0	85637	X
MICHAEL S BEASLEY
MANAGER	40.00		155199	0	51231		X
ROBERT MAXWELL
SYSTEM ENGINEER	40.00		106252	0	42416		X
HARRY BRINTLE
APPARATUS TECHNICIAN	52.00		104143	0	31708		X
LINDA CARTER
MGR OF ADMINISTRATION & FINANCE	40.00		100397	0	35526		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	741804	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	246518	TotalOtherCompensation
Number Individuals GT100 K	5	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
CARTER UTILITY TREE SERVICE INC
213 APOLLO DRIVE	MOUNT AIRY	NC	27030	RIGHT OF WAY SERVICES	1543808
PIKE ELECTRIC INC
PO BOX 1000 DEPT 517	MEMPHIS	TN	381480517	OVERHEAD AND UNDERGROUND DISTRBUTION SYS	1160662
BELLWETHER MANAGEMENT SOLUTIONS
PO BOX 2176	CORNELIUS	NC	280312176	METER READING, COLLECTING AND DISCONNECT	573383
NATIONAL INFORMATION SOLUTIONS COOPERATI
PO BOX 86	MINNEAPOLIS	MN	554862053	MAIL BILLINGS AND DELIQUENTS, MAINTENANC	476247
GREENCO SOLUTIONS INC
PO BOX 602060	CHARLOTTE	NC	28260	MONITORS RENEWABLE ENERGY PROGRAMS & CER	227163

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	6	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
ELECTRICITY	221000	43391032	43391032
PATRONAGE ALLOCATIONS	221000	733826	733826
POLE RENTAL INCOME	221000	383333		$383,333
CONTRIBUTIONS IN AID	221000	167236	167236

Field	Value	IRS element (for citing)
Total Program Service Revenue	44675427	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	131128	TotalRevenueColumn
Exclusion	$131,128	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	30111	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	0	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	30111	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	30111	TotalRevenueColumn
Related Or Exempt Function Income	30111	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
DISCOUNTED CAPITAL CRE	221000	95395	$95,395
INCOME FROM INVESTMENT	221000	29567	$29,567

Field	Value	IRS element (for citing)
Total Other Revenue	124962	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	44961628	TotalRevenueColumn
Related Or Exempt Function Income	44322205	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$639,423	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	4455	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	872645	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	275813	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	465991	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	184586	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	61932	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	1744937	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2776405	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	27905348
DISTRIBUTION MAINTENANC	3167496
DISTRIBUTION OPERATION	2151765
CONSUMER ACCOUNTS	1683198

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3343574	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	44638145	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	936416	BOY
EOY	1308040	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	300000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	6433413	BOY
EOY	5635752	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	638938	BOY
EOY	771461	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	131166	BOY
EOY	383238	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	98312311	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	23038321	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	71029233	BOY
EOY	75273990	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	4173747	BOY
EOY	4857512	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	11854	BOY
EOY	11845	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	83354767	BOY
EOY	88541838	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	4777668	BOY
EOY	4660982	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	43613348	BOY
EOY	49632482	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	8943199	BOY
EOY	9767683	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	57334215	BOY
EOY	64061147	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	26020552	BOY
EOY	24480691	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	26020552	BOY
EOY	24480691	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	83354767	BOY
EOY	88541838	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	323483	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1863344	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	708672	OtherCostOrOtherBasis
Book Value	708672	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1883326	OtherCostOrOtherBasis
Depreciation	935820	Depreciation
Book Value	947506	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	95720313	OtherCostOrOtherBasis
Depreciation	22102501	Depreciation
Book Value	73617812	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	75273990	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
NRUCFC	1013383	C
PATRONAGE CAPITAL CERTIFICATES	3482346	C
DIVERSIFIED ENERGY	361783	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	4857512	TotalOfBookValueSecurities

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	INTEREST RECEIVABLE	Description
Book Value	11845	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	11845	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
ACCUM PROV FOR RETIREMENT BENEFITS	$8,374,300
CONSUMER DEPOSITS	$1,147,300
DEFERRED CREDIT	$104
POWER COST DEFERRAL	$245,979

Field	Value	IRS element (for citing)
Total Of Amounts	9767683	TotalOfAmounts
Total Revenue	44961628	TotalRevenue
Total Expenses	44638145	TotalExpenses
Excess Or Deficit For Year	323483	ExcessOrDeficitForYear
Other	-$1,863,344	OtherAmount
Total Adjustments	-1863344	TotalAdjustments
Excess Or Deficit Per FS	-1539861	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	44961628	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	44961628	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	44961628	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	44638145	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	44638145	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	44638145	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	THE CORPORATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2011 AND 2010.
PART XI, LINE 8 - OTHER ADJUSTMENTS:		RETIREMENT OF CAPITAL CREDITS -872,645. CHANGE IN MEMBERSHIPS -1,195. CHANGE IN OTHER EQUITY 1,000,390. CONTRIBUTIONS IN AID -167,236. ACCUMULATED OTHER COMPREHENSIVE INCOME -1,727,263. DISCOUNTED CAPITAL CREDITS -95,395. TOTAL TO SCHEDULE D, PART XI, LINE 8: -1,863,344.
		SEE ATTACHED SUPPLEMENTAL SCHEDULE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
GREG PUCKETT
127410	0	0	0	0	0	71320	0	14317	0	213047	0	0	0
MICHAEL S BEASLEY
155199	0	0	0	0	0	39403	0	11828	0	206430	0	0	0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION OPERATES AS A COOPERATIVE. MEMBERSHIP IS COMPRISED OF THOSE INDIVIDUALS AND BUSINESSES THAT USE THE ORGANIZATION'S SERVICES. THERE ARE NO CLASSES OF MEMBERSHIP. EACH MEMBER HAS ONE VOTE.
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11	ACCOUNTING PERSONNEL REVIEW THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE MANAGER AND BOARD OF DIRECTORS FOR THEIR APPROVAL.
FORM 990, PART VI, SECTION B, LINE 15	SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED.
FORM 990, PART VI, SECTION C, LINE 19	A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS A PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS.
FORM 990, PART XI, LINE 5:	RETIREMENT OF CAPITAL CREDITS -872,645. CHANGE IN MEMBERSHIPS -1,195. CHANGE IN OTHER EQUITY 1,000,390. CONTRIBUTIONS IN AID -167,236. ACCUMULATED OTHER COMPREHENSIVE INCOME -1,727,263. DISCOUNTED CAPITAL CREDITS -95,395. TOTAL TO FORM 990, PART XI, LINE 5: -1,863,344.	CHANGES IN NET ASSETS OR FUND BALANCES:
	NO CHANGES IN CY