2012-11-08T16:26:50-06:00 2011-12-31 273625988 GOFF & HERRINGTON PC 2833 TED TROUT DRIVE SUITE D LUFKIN TX 75904 990 2011-01-01 742124046 SAM RAYBURN G&T ELECTRIC COOPERATIVE INC SAMR 9365609532 PO BOX 631623 NACOGDOCHES TX 759631623 RYAN THOMAS 9365609532 2012-11-08 A J GOFF CPA P00297945 9368753317 2012-09-12 2011 2016-03-07 17:11:31Z RYAN THOMAS PO BOX 631623 NACOGDOCHES TX 759631623 134835250 0 X N/A X 1979 TX THE SALE OF ELECTRICITY TO MEMBERS AT COST ON A COOPERATIVE BASIS. 9 9 0 0 0 0 0 0 124704368 134707338 76071 125712 2220 2200 124782659 134835250 0 0 0 1053386 66000 75700 0 0 0 114728049 125050603 114794049 126179689 9988610 8655561 74647145 79570574 34415786 30683654 40231359 48886920 THE SALE OF ELECTRICITY TO MEMBERS AT COST ON A COOPERATIVE BASIS. 0 0 PROVIDES WHOLESALE ELECTRICAL ENERGY TO THE THREE ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS WHO IN TURN PROVIDE ELECTRICITY TO THEIR RETAIL MEMBERS. 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 129421980 5413270 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X RYAN THOMAS 9365609532 2905 WESTWARD DR NACOGDOCHES TX 759631623 WILLIAM EMMONS 5.00 X 12700 0 0 MELODY PINNELL 7.00 X X 0 0 0 KENNON KELLUM 5.00 X 12200 0 0 PAUL SIMMONS 5.00 X 12700 0 0 MARK TAMPLIN 7.00 X X 0 0 0 DON BOYETT 5.00 X 12700 0 0 HENRY BISCAMP 5.00 X 12700 0 0 KYLE KUNTZ 7.00 X X 0 0 0 W ERNIE MILES 7.00 X X 12700 0 0 75700 0 0 0 0 0 0 BRICKFIELD BURCHETTE PITTS & STONE PC 1025 THOMAS JEFFERSON ST WASHINGTON DC 200075201 LEGAL SERVICES 589023 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 ENGINEER CONSULTANTS 459341 2 ELECTRIC ENERGY 221000 129421980 129421980 PATRONAGE CAPITAL 221000 5258290 5258290 PATRONAGE CAPITAL 221000 27068 27068 134707338 125712 125712 MISCELLANEOUS INCOME 221000 2200 2200 2200 134835250 134707338 0 127912 1053386 75700 604201 54978 487350 2841 8017 1875050 1783618 23121 PURCHASED POWER 104836144 FUEL NELSON #6 12070079 POWER GENERATION EXPENS 2579371 PROPERTY/FRANCHISE TAX 450597 275236 126179689 1187490 94712 9735020 9004320 18211266 20053832 2600116 2599443 2552169 2136886 70383247 49075616 22216199 21307631 18142606 24372256 2279 1494 74647145 79570574 10140062 10739864 24275724 19943790 34415786 30683654 X 3000 3000 0 0 40228359 48883920 40231359 48886920 74647145 79570574 8655561 0 X 0 1 1 X 0 208818 92906 115912 70173237 48981518 21191719 1192 1192 0 21307631 INVESTMENT IN ASSOCIATED ORGANIZATION 234590 C PATRONAGE CAPITAL - COBANK 371571 C PATRONAGE CAPITAL - CFC 48607 C PATRONAGE CAPITAL - ETEC 22211886 C MEMBERSHIP - ETEC 5000 C CFC MEMBER CAPITAL SECURITIES 500000 C FB&T TRUST ACCOUNT 1000602 C 24372256 134835250 126179689 8655561 8655561 134835250 0 134835250 0 134835250 125126303 0 125126303 1053386 1053386 126179689 PART X, LINE 2 - THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED FASB CODIFICATION SECTION 740. THIS SECTION REQUIRES RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. FOR FEDERAL INCOME TAX PURPOSES THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. SCHEDULE D, PART XIII, LINE 4(B) - PATRONAGE CAPITAL RETIRED - THE COOPERATIVE PAID $1,053,386 TO ITS MEMBERS IN 2011. RETIRED PATRONAGE IS NOT AN EXPENSE FOR FINANCIAL STATEMENT PURPOSES; HOWEVER, IT IS REPORTED ON LINE 4, PART IX "STATEMENT OF FUNCTIONAL EXPENSES" AS REQUIRED BY IRS INSTRUCTIONS. FORM 990, PART VI, SECTION A, LINE 4 IN 2011, THE COOPERATIVE AMENDED ITS BY-LAWS CONCERNING PATRONAGE CAPITAL TO ELIMINATE THE REQUIREMENT THAT A $400,000 FUND BE MAINTAINED OUT OF NONOPERATING MARGINS AND TO CLARIFY HOW THE BOARD MAY DEAL WITH LOSSES. THE AMENDED BY-LAW PROVIDES THE BOARD THE ABILITY TO ALLOCATE LOSSES TO MEMBERS, OFFSET LOSSES WITH MARGINS FROM FUTURE YEARS, OR OFFSET LOSSES WITH CERTAIN NONOPERATING MARGINS FROM CURRENT OR FUTURE YEARS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF THREE 501(C)(12) TAX-EXEMPT DISTRITBUTION COOPERATIVES - SAM HOUSTON ELECTRIC COOPERATIVE, JASPER-NEWTON ELECTRIC COOPERATIVE, AND HOUSTON COUNTY ELECTRIC COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE THREE RESPECTIVE MEMBERS APPOINTS REPRESENTATION TO THE GOVERNING BODY OF THE ORGANIZATION CONSISTING OF THE GENERAL MANAGER OF EACH MEMBER AND 2 DIRECTORS. THIS GOVERNING BODY THEN REPRESENTS EACH MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BODY WITH REPRESENTATION FROM EACH MEMBER COOPERATIVE HAS THE AUTHORITY TO APPROVE DECISIONS AND GOVERN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS DETERMINES WHETHER THE FORM 990 WILL BE REVIEWED BY ALL DIRECTORS, AN EXISTING COMMITTEE, OR A SPECIAL COMMITTEE APPOINTED FOR SUCH PURPOSE PRIOR TO FILING. ONCE THE RETURN IS COMPLETED, IT IS PROVIDED TO THE DIRECTORS OR THE COMMITTEE RESPONSIBLE FOR REVIEWING. EMPLOYEES OF THE COOPERATIVE RESPONSIBLE FOR FILING ARE AVAILABLE TO RESPOND TO QUESTIONS OR PROVIDE BACKGROUND AS NEEDED. ONCE THE DIRECTORS RESPONSIBLE FOR REVIEWING THE FORM 990 ARE SATISFIED IT IS COMPLETE, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH DIRECTOR MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY KNOWN CONFLICTS OF INTEREST. THE GOVERNING BODY REVIEWS THESE STATEMENTS AND IS RESPONSIBLE FOR ENFORCING THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY SUBMITTING A WRITTEN REQUEST TO THE COOPERATIVE.