2012-08-30T17:18:20-05:00 2011-12-31 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2011-01-01 730457520 SOUTHEASTERN ELECTRIC COOPERATIVE INC SOUT 5809242170 PO BOX 1370 DURANT OK 74702 LARRY SPEAKS 5809242170 2012-08-09 true SEAN B DUNAHAY CPA 9187498337 2012-08-09 2011 2016-02-24 21:20:13Z 25940618 false X WWW.SE-COOP.COM X 1939 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 9 9 36 0 0 23936964 25795668 67055 101631 37057 36245 24041076 25933544 0 1903122 472317 513146 0 0 22869751 23963384 23342068 26379652 699008 -446108 47071088 47713825 22630934 21259955 24440154 26453870 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false PROVIDED ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 11 0 true 36 true false false false false false 25795668 142523 false X 9 9 false false false false true true true true true false false true true true true true true true true false OK X THE COOPERATIVE 5809242170 PO BOX 1370 DURANT OK 74702 DAVID BLACKBURN 2.00 X 26824 0 0 ODIS WILLINGHAM 2.00 X 25849 0 0 ROBERT SHEPARD 4.00 X 25567 0 0 JAMES DANCER 2.00 X 25564 0 0 LLOYD OWENS 3.00 X 25561 0 0 WILLIAM HADDOCK 2.00 X 25560 0 0 ANTHONY DILLARD 2.00 X 25429 0 0 TED DOSH 2.00 X 25289 0 0 DENNIS BOWEN 2.00 X 25149 0 0 LARRY SPEAKS 40.00 X 152040 0 46891 JAMES FOXX 40.00 X 58409 0 25014 441241 71905 1 false true false METTS POWERLINE CONSTRUCTION INC 3307 N WASHINGTON DURANT OK 74701 POWER LINES 1473684 PROGRESSIVE SOLUTIONS LLC PO BOX 1130 MARSHALL AR 72650 R/W SPRAYING 192388 WINSTAR CONSTRUCTION PO BOX 6342 MOORE OK 73153 POWER LINES 134775 3 SALES OF ELECTRICITY 25795668 25795668 25795668 94412 94412 28489 28489 28489 28489 9577 2358 7219 7219 7219 12388 4716 7672 7672 NON-OPERATING INCOME 84 84 84 25933544 25795668 137876 1903122 513146 758380 1491703 COST OF POWER 17420983 DISTRIBUTION 2665345 GENERAL & ADMINISTRATIVE 996777 CONSUMER EXPENSE 630196 26379652 0 0 0 3252817 2251903 2932189 2823653 78 279182 346837 65725 66676 49550841 14251089 34062202 35299752 6478895 6925004 47071088 47713825 3166440 2851210 19464494 18408745 22630934 21259955 X 50800 50750 86159 546435 24303195 25856685 24440154 26453870 47071088 47713825 -446108 2459824 X false true true X false false false false false false false false false false false 303945 303945 2524044 675762 1848282 2152227 25933544 26379652 -446108 2349231 2349231 1903123 26379653 446109 446109 25933544 25933544 24476530 24476530 1903122 1903122 26379652 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED INTERPRETATION NO. 48 ("FIN 48"), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FIN 48 PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH STATEMENT OF FINANCIAL ACCOUNTING STANDARDS 740-10-25, ACCOUNTING FOR INCOME TAXES. FIN 48 REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. IF THE TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE TAX EFFECT IS RECOGNIZED AT THE LARGEST AMOUNT OF THE BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. ANY DIFFERENCE BETWEEN THE TAX POSITION TAKEN IN THE TAX RETURN AND THE TAX POSITION RECOGNIZED IN THE FINANCIAL STATEMENTS USING THE CRITERIA ABOVE RESULTS IN THE RECOGNITION OF A LIABILITY IN THE FINANCIAL STATEMENTS FOR THE UNRECOGNIZED BENEFIT. SIMILARLY, IF A TAX POSITION FAILS TO MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT TAKEN IN THE TAX RETURN WILL ALSO RESULT IN THE RECOGNITION OF A LIABILITY IN THE FINANCIAL STATEMENTS FOR THE FULL AMOUNT OF THE UNRECOGNIZED BENEFIT. FIN 48 BECAME EFFECTIVE JANUARY 1, 2007 FOR PUBLIC COMPANIES AND NONPUBLIC COMPANIES THAT ARE CONSOLIDATED WITH PUBLIC COMPANIES. ON DECEMBER 30, 2008, THE FASB ISSUED FASB STAFF POSITION (FSP) FIN 48-3, EFFECTIVE DATE OF FASB INTERPRETATION NO. 48 FOR CERTAIN NONPUBLIC ENTERPRISES, WHICH ALLOWS DEFERRAL OF FIN 48 FOR CERTAIN NONPUBLIC ENTERPRISES INCLUDED WITHIN THIS FSP'S SCOPE TO THE ANNUAL FINANCIAL STATEMENTS FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2008. THE COOPERATIVE HAS ELECTED TO DEFER IMPLEMENTATION OF FIN 48 TO ITS FIRST ANNUAL FINANCIAL STATEMENTS ENDING ON DECEMBER 31, 2009. THE ADOPTION OF FIN 48 DID NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS. THE DETERMINATION OF UNCERTAIN TAX POSITIONS FOR FINANCIAL STATEMENTS PRIOR TO THE IMPLEMENTATION OF FIN 48 USES THE TAX JUDGMENTS REPORTED ON THE COOPERATIVE'S TAX RETURNS WHICH WERE BASED ON THE REQUIREMENTS FOR FILING TAX RETURNS UNDER THE VARIOUS TAXING AUTHORITY'S REQUIREMENTS FOR THE APPLICABLE FISCAL PERIOD. THESE FILINGS MAY BE SUBJECT TO AMENDMENT OR CHANGE DURING AN EXAMINATION BY THE VARIOUS TAXING AUTHORITIES, WHICH HAS NOT BEEN CONSIDERED IN THE DETERMINATION OF THE COOPERATIVE'S TAX ASSETS OR LIABILITIES INCLUDED IN THOSE CONSOLIDATED FINANCIAL STATEMENTS. THE TECHNICAL MERITS OF THE COOPERATIVE'S TAX POSITIONS ARE DERIVED FROM SOURCES OF AUTHORITIES IN THE TAX LAW (LEGISLATION AND STATUTES, LEGISLATIVE INTENT, REGULATIONS, RULINGS, AND CASE LAW) AND THEIR APPLICABILITY TO THE FACTS AND CIRCUMSTANCES OF THE TAX POSITIONS. 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 2004-2009 IN VARIOUS JURISDICTIONS THAT REMAIN SUBJECT TO EXAMINATION. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 ACCRUAL TO CASH BASIS PATRONAGE DIVIDENDS 446,109 PATRONAGE DIVIDENDS - ALLOCATED 1,903,122 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D ACCRUAL TO CASH BASIS PATRONAGE DIVIDENDS 446,109 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B PATRONAGE DIVIDENDS - ALLOCATED 1,903,122 X X X false false false LARRY SPEAKS 152040 10087 36804 198931 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 YES DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B YES ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B REVIEW AND/OR APPROVAL BY BOARD. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C DONE ON AN ANNUAL BASIS BY THE COOPERATIVE'S LAWYER. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE GENERAL MANAGER, OFFICERS, AND/OR KEY EMPLOYEES. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE GENERAL MANAGER, OFFICERS, AND/OR KEY EMPLOYEES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST