2012-11-08T14:52:40-06:00 2011-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 31088 990 2011-01-01 580372535 OCONEE ELECTRIC MEMBERSHIP CORPORATION OCON 4786763191 PO BOX 37 DUDLEY GA 310220037 MARTY SMITH 4786763191 2012-11-05 1 LENN L HALL P00530393 4789293888 2012-11-05 2011 2016-03-07 17:11:31Z MARTY SMITH 3445 US HIGHWAY 80 WEST DUDLEY GA 31022 32461019 0 X WWW.OCONEEEMC.COM X 1938 GA TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 7 7 49 0 0 0 0 0 31217276 32414652 25158 34871 0 2178 31242434 32451701 0 0 0 1086437 597686 613400 0 0 0 29536219 30751864 30133905 32451701 1108529 0 65719611 67940388 44834613 46157031 20884998 21783357 TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 0 0 32451701 TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 32451701 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 33 0 49 1 0 0 0 0 0 0 0 0 0 31503377 948324 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X PAM BALLARD 4786763191 3445 US HIGHWAY 80 WEST DUDLEY GA 31022 JUANITA F AUSTIN 4.00 X 10992 0 0 JOHNNIE B HALL 3.00 X 8751 0 0 CECIL C WOODARD 4.00 X 7045 0 0 AMY S ORR 4.00 X X 8751 0 0 CHARLES B GRACE 8.00 X X 10215 0 0 JAMES H DAVIS 3.00 X X 7871 0 0 WILLIAM S SHEPHERD 3.00 X X 10211 0 0 MARTY SMITH 45.00 X 153503 0 72138 DAVID L HARTLEY 45.00 X 113043 0 60816 TERRI HOWARD 45.00 X 106911 0 43153 437293 0 176107 3 0 1 0 UTILICON SERVICES INC PO BOX 5876 SANDERSVILLE GA 31082 LINE CONSTRUCTION, RIGHT-OF-WAY CUTTING 557466 AUBREY SILVEY ENTERPRISES INC PO BOX 890093 CHARLOTTE NC 28289 SUBSTATION CONSTRUCTION 506946 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING AND REMOVAL 142375 3 ELECTRIC SALES 221000 31503377 31503377 PATRONAGE CAPITAL (ELE 221000 661284 661284 POLE RENTAL 221000 249991 249991 32414652 28596 28596 15593 9318 6275 6275 6275 OTHER 221000 2178 2178 2178 32451701 32173114 0 278587 1086437 613400 2020089 1846698 COST OF POWER 21304666 DISTRIBUTION MAINTENANC 1912707 ADMIN AND GENERAL 1199439 DISTRIBUTION OPERATIONS 1193785 1274480 32451701 115862 119454 2360640 2340827 4758 5670 446855 499438 226133 235014 66870602 14203564 50970756 52667038 10666941 11211762 927666 861185 65719611 67940388 5122733 5494943 33569626 34594742 6142254 6067346 44834613 46157031 X 62855 62935 917 917 20821226 21719505 20884998 21783357 65719611 67940388 X 0 898359 X 0 0 0 66870602 14203564 52667038 52667038 PATRONAGE CAPITAL - OPC 8080688 C PATRONAGE CAPITAL - NRUCFC 713384 C PATRONAGE CAPITAL - GRESCO 533392 C PATRONAGE CAPITAL - NRTC 7366 C MEMBERSHIP FEES - OTHER 3584 C CAPITAL TERM CERTIFICATES - NRUCFC 923590 C PATRONAGE CAPITAL - PRTC 72396 C SHORT TERM INVESTMENT - NRUCFC 750000 C FEDERATED RURAL ELECTRIC INSURANCE 70005 C SMARR EMC 26132 C PATRONAGE CAPITAL - SEDC 31225 C 11211762 CONSUMER DEPOSITS 987062 ACCRUED SALES TAXES 106908 PROVISION FOR PENSIONS AND BENEFITS 2276654 PROVISION FOR SICK LEAVE 545102 PROVISION FOR OTHER BENEFITS 28635 ACCRUED INTEREST PAYABLE 386847 ACCRUED ANNUAL LEAVE 117751 ACCRUED PROPERTY AND FRANCHISE TAXES 197662 ACCRUED PAYROLL 40343 UNAMORTIZED GAIN ON REACQUIRED DEBT 130105 DEFERRED CREDITS 1250277 6067346 32451701 32451701 1086437 1086437 1086437 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 1,086,437. X X 0 0 0 MARTY SMITH 151331 0 0 0 2172 0 47060 0 25078 0 225641 0 0 0 DAVID L HARTLEY 110642 0 0 0 2401 0 34847 0 25969 0 173859 0 0 0 TERRI HOWARD 106429 0 0 0 482 0 31544 0 11609 0 150064 0 0 0 CHANGE FOR 2011 IN THE REPORTING OF "BENEFITS PAID TO OR FOR MEMBERS": FORM 990, PART I, LINE 14: THE CORPORATION DID NOT REPORT ON THEIR 2010 FORM 990 "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4. HOWEVER, THE IRS FORM 990 INSTRUCTIONS EFFECTIVE FOR THE 2011 FORM 990 REQUIRE AN AMOUNT TO BE REPORTED FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4. THE CORPORATION ELECTS TO NOT RESTATE THE 2010 AMOUNTS AND LEAVE THE PRIOR YEAR AMOUNTS AS ORIGINALLY REPORTED. THE IRS REPORTING REQUIREMENTS FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4 AS AN EXPENSE IS DIFFERENT FROM THE CORPORATION'S REPORTING UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES (GAAP) FOR FINANCIAL REPORTING PURPOSES. THE CORPORATION HAS INTERPRETED THE AMOUNTS TO BE REPORTED ON PART I, LINE 14 AND PART IX, LINE 4, AS AMOUNTS ALLOCATED AND CALCULATED BASED ON THE 2011 MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2011, THE AMOUNT INCLUDED ON THE 2011 FORM 990 IS GENERATED USING 2011 FINANCIAL DATA AND RESULTS. FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION HAS SEVEN MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS, SUCH AS CHANGES TO THE CORPORATION'S CORPORATE BY-LAWS, MUST BE PRESENTED TO AND APPROVED BY THE MEMBERS. GENERALLY, SUCH CHANGES, IF ANY, ARE PRESENTED AT THE CORPORATION'S ANNUAL MEMBER MEETING. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS BY THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 ALONG WITH CERTAIN MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS EFFECTIVE DECEMBER 31, 2008. THIS POLICY WILL BE REVIEWED ANNUALLY WITH THE BOARD OF DIRECTORS BY THE VICE PRESIDENT ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO SUBMITS A REPORT TO THE BOARD OF DIRECTORS USING THE CEO PERFORMANCE ASSESSMENT FORM. THE BOARD THEN RATES THE CEO'S PERFORMANCE. USING THE CURRENT YEAR NRECA COMPENSATION SURVEY, THE BOARD THEN DETERMINES THE AMOUNT OF ANNUAL INCREASE FOR THE CEO. THE CEO RATES THE EMPLOYEE'S PERFORMANCE. USING THE CURRENT YEAR NRECA COMPENSATION SURVEY, THE CEO THEN DETERMINES THE AMOUNT OF ANNUAL INCREASE FOR THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENT OF CAPITAL CREDITS -217,808. DONATED CAPITAL FROM DISCOUNTED CAPITAL CREDITS 29,650. INCREASE IN MEMBERSHIPS 80. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 1,086,437. TOTAL TO FORM 990, PART XI, LINE 5: 898,359. OCONEE EMC FOUNDATION INC PO BOX 37 DUDLEY GA 31022 050593465 SUPPORT OF LOCAL CHARITABLE ORGANIZATIONS GA 501(C)(3) 170(B)(1) (A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 OCONEE EMC FOUNDATION INC Q 73862