2012-10-12T16:20:36-05:00 2011-12-31 930623286 AKT LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2011-01-01 940775035 PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE PLUM 5308324261 73233 HWY 70 SUITE A PORTOLA CA 961227064 JUDY MAY 5308324261 2012-10-10 1 KATHY A GORDON CPA P00016213 5035857774 2011 2016-02-24 21:20:13Z ROBERT MARSHALL 73233 HWY 70 SUITE A PORTOLA CA 961227064 25629881 0 X WWW.PSLN.COM X 1937 CA PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS 7 7 67 0 139164 -24066 0 0 24786908 25059496 384100 320691 135875 139211 25306883 25519398 0 0 0 0 0 0 0 0 0 22825820 23673720 22825820 23673720 2481063 1845678 90807274 92389774 67127414 67120328 23679860 25269446 PROVIDE ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICAL SERVICE TO COOPERATIVE MEMBERS. AS OF DECEMBER 31, 2011,THERE WERE 7,798 CUSTOMERS BILLED FOR SERVICE. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 X 61 0 67 1 1 1 0 0 0 0 24985858 538248 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JUDY V MAY CFO 5308324261 C/O PSREC 73233 HWY 70 PORTOLA CA 961227064 X TOM HAMMOND 8.00 X 4625 0 0 OLE OLSEN 9.00 X 5265 0 0 MIKE MOORE 5.00 X 4665 0 0 DAVID ROBERTI 6.00 X X 4305 0 0 WILLIAM L ROBINSON 5.00 X X 4465 0 0 CHRISTOPHER MILLER 6.00 X X 4145 0 0 DAN KENNEY 10.00 X 5185 0 0 ROBERT MARSHALL 60.00 X 265768 0 110347 JUDY MAY 55.00 X 156346 0 75058 GREG LOHN 50.00 X 130084 0 66181 PAUL ERWIN 55.00 X 121728 0 56244 NATHAN NORTON 55.00 X 123126 0 51193 JAMES RICE 55.00 X 167283 0 76405 LORI RICE 55.00 X 158024 0 50364 CLINT BEGLEY 40.00 X 131718 0 25158 1286732 0 510950 20 1 1 0 D&P TREE SERVICE PO BOX 3805 QUINCY CA 95971 TREE TRIMMING/POLE CLEARING 188600 1 RESIDENTIAL 221000 11034564 11034564 PUBLIC AUTHORITIES 221000 9645124 9645124 COMMERCIAL LIGHTING 221000 1857588 1857588 MISCELLANEOUS SERVICE 221000 1498710 1498710 IRRIGATION 221000 985721 985721 37789 37789 25059496 320691 139164 181527 124636 105775 110483 0 14153 105775 119928 119928 REIMBURSEMENTS 221000 19283 19283 19283 25519398 25078779 139164 301455 2397489 2372000 COST OF POWER 11002846 DISTRIBUTION COSTS 2736325 OTHER EXPENSES 2386489 GENERAL & ADMINISTRATIV 1808080 970491 23673720 435945 1339592 4472 2385083 7483825 6706882 245415 199786 104157611 33034581 72291696 71123030 5509863 5748092 4836058 4887309 90807274 92389774 2625340 1178317 950000 950000 61538642 58742108 2013432 6249903 67127414 67120328 X 33110 32885 23646750 25236561 0 0 23679860 25269446 90807274 92389774 X 1845678 -256092 X X 0 1 1 X 1 1 943387 943387 8137362 993345 7144017 89686763 32041236 57645527 5390099 5390099 71123030 3745620 C FEDERATED INSURANCE STOCK 125034 C PATRONAGE CAPITAL - CFC 384588 C CAPITAL TERM CERTIFICATES - CFC 538999 C MEMBERSHIP FEE - CFC 1000 C GENERAL PACIFIC CAPITAL 5685 C OTHER INVESTMENTS 22834 C RUS CUSHION CREDIT 924332 C 5748092 OTHER ASSETS 171093 MATERIALS & SUPPLIES 1112235 DEFERRED CHARGES 2259045 NCPA RESERVE FUND 1344936 4887309 CONSUMER ADVANCES FOR CONSTRUCTION 155840 CUSTOMER DEPOSITS 215315 DEFERRED CREDITS 2405102 OTHER LIABILITIES 3473646 6249903 25519398 23673720 1845678 -256092 -256092 1589586 24885423 0 24885423 633975 633975 25519398 23039745 0 23039745 633975 633975 23673720 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. THESE STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUBSTANTIATED UNDER EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE COOPERATIVE HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET EQUITY LOSS IN SUBSIDIARY -95,479. INCREASE/(DECREASE) IN MEMBERSHIPS -225. PATRONAGE CAPITAL RETIRED/ADJUSTED -160,388. TOTAL TO SCHEDULE D, PART XI, LINE 8: -256,092. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES PART XIII, LINE 4B - OTHER ADJUSTMENTS: REVENUES NETTED WITH EXPENSES X X X 0 0 0 ROBERT MARSHALL 229781 0 10000 0 25987 0 84392 0 25955 0 376115 0 0 0 JUDY MAY 142470 0 5000 0 8876 0 51790 0 23268 0 231404 0 0 0 GREG LOHN 104115 0 0 0 25969 0 42381 0 23800 0 196265 0 0 0 PAUL ERWIN 102830 0 0 0 18898 0 32601 0 23643 0 177972 0 0 0 NATHAN NORTON 119644 0 0 0 3482 0 28072 0 23121 0 174319 0 0 0 JAMES RICE 140908 0 5000 0 21375 0 53102 0 23303 0 243688 0 0 0 LORI RICE 137262 0 5000 0 15762 0 49326 0 1038 0 208388 0 0 0 CLINT BEGLEY 122685 0 0 0 9033 0 18674 0 6484 0 156876 0 0 0 ROBERTI RANCH ROBERTI RANCH'S OWNER IS DAVID ROBERTI, PSREC BOARD OFFICER 84751 INTERCONNECTION FROM THE COOPERATIVE TO ROBERTI RANCH'S SOLAR SYSTEM; ROBERT RANCH REIMBURSED THIS AMOUNT IN THE FORM OF A CONTRIBUTION IN AID OF CONSTRUCTION. 0 SCHEDULE R PART V LINE 2A THE TRANSACTIONS REPORTED ON SCHEDULE R ARE VALUED BASED ON THEIR CASH VALUE. FORM 990, PART VI, SECTION A, LINE 6 A MEMBER IS AN INDIVIDUAL WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE, OR RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS A VOTE. THE VOTE ALLOWS THEM TO ELECT THE BOARD AS WELL AS VOTE ON ANY ISSUE THAT COMES BEFORE THE MEMBERSHIP AT A SPECIAL OR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B LIMITED TO APPROVING ANY CHANGES MADE TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING OF THE FINAL DOCUMENT. THE REVIEW OF THE 990 IS AN AGENDA ITEM FOR THE BOARD, AND THE RESULTS OF THE REVIEW ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO THE DIRECTORS, GENERAL MANAGER, AND ALL EMPLOYEES. THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING ALL POLICY INTERPRETATIONS OR VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COMPENSATION OF ALL MANAGEMENT EMPLOYEES IS REVIEWED AND COMPARED WITH AN ANNUAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THIS REPORT IS PREPARED BY AN INDEPENDENT THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 EACH COOPERATIVE MEMBER IS PROVIDED A "NEW MEMBER HANDBOOK AND BYLAWS" WHICH ADDRESS THE GOVERNING DOCUMENTS. THE BYLAWS ALSO REQUIRE A REPORT AT THE ANNUAL MEETING ON THE FINANCIAL CONDITION OF THE COMPANY. CONDENSED FINANCIAL STATEMENTS FROM YEAR-END ARE PRINTED IN THE RURALITE MAGAZINE, AND COMPLETE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE COMPENSATION INFORMATION FOR THE DIRECTORS, GENERAL MANAGER, CFO, AND COO REPRESENTS TOTAL COMPENSATION PAID BY THE COOPERATIVE AND REPORTED ON W-2S AND 1099S. SOME OF THE COMPENSATION HAS BEEN CHARGED TO AND RECORDED ON THE BOOKS OF THE TWO SUBSIDIARY OPERATIONS, GOTSKY UNLIMITED AND PLUMAS SIERRA TELECOMMUNICATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET EQUITY LOSS IN SUBSIDIARY -95,479. INCREASE/(DECREASE) IN MEMBERSHIPS -225. PATRONAGE CAPITAL RETIRED/ADJUSTED -160,388. TOTAL TO FORM 990, PART XI, LINE 5: -256,092. FORM 990, PART XI LINE 2C: THE BOARD OF DIRECTORS REVIEWS THE FINANCIAL STATEMENTS, APPROVES THE INDEPENDENT AUDITORS WORK, AND SELECTS THE AUDIT FIRM. PLUMAS-SIERRA TELECOMMUNICATIONS 73233 HIGHWAY 70 SUITE B PORTOLA CA 961227064 943062694 INTERNET ACCESS CA N/A C 1351535 10636471 1.00000 GOT SKY UNLIMITED 73233 HIGHWAY 70 SUITE B PORTOLA CA 961227064 203046323 WIRELESS SATELLITE INTERNET ACCESS SUPPLIER CA N/A C 5189836 5887940 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 PLUMAS-SIERRA TELECOMMUNICATIONS A 37011 INTERFUND RECONCILIATION GOTSKY UNLIMITED A 102153 INTERFUND RECONCILIATION GOTSKY UNLIMITED D 881676 GENERAL LEDGER PLUMAS-SIERRA TELECOMMUNICATIONS M 631 INTERFUND RECONCILIATION GOTSKY UNLIMITED M 45757 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS N 186837 LABOR REPORTS GOTSKY UNLIMITED N 522372 LABOR REPORTS GOTSKY UNLIMITED O 34846 INTERFUND RECONCILIATION PLUMAS-SIERRA TELECOMMUNICATIONS P 77407 INTERFUND RECONCILIATION GOTSKY UNLIMITED P 50689 INTERFUND RECONCILIATION