2011-04-07T17:04:38-05:00 2010-12-31 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2010-01-01 540183175 CRAIG-BOTETOURT ELECTRIC COOPERATIVE CRAI 5408645121 PO BOX 265 NEW CASTLE VA 24127 SHAWN C HILDEBRAND 5408645121 2011-03-31 JASON A HARTMAN 5403450936 2010 2016-02-24 21:20:13Z SHAWN C HILDEBRAND PO BOX 265 NEW CASTLE VA 24127 11957016 0 X WWW.CBEC.COOP X 1936 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 6 6 38 0 0 0 0 0 10780130 11931881 21990 22973 -7370 2162 10794750 11957016 0 0 0 0 162345 318913 0 0 0 10111790 10595526 10274135 10914439 520615 1042577 27054140 29811369 15817733 17784592 11236407 12026777 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 0 0 10914439 11709873 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 10914439 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 12 0 1 38 1 0 0 0 0 0 0 0 0 0 11686900 25135 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE COOPERATIVE 5408645121 PO BOX 265 NEW CASTLE VA 24127 CLELL R CLEMONS JR 3.00 X X 6600 0 0 FRANK R GARMAN JR 3.00 X X 5800 0 0 JAMES E HUFFMAN 3.00 X X 5000 0 0 PATRICK J RYAN 3.00 X X 5600 0 0 C D HYPES 3.00 X 5000 0 0 JASPER B PERSINGER JR 3.00 X 6000 0 0 34000 0 0 0 0 0 0 ASPLUNDH PO BOX 532729 ATLANTA GA 303532729 RIGHT OF WAY CLEARING 678836 DAVIS H ELLIOT PO BOX 37251 BALTIMORE MD 219273251 CONSTRUCTION 296895 2 ELECTRICITY TO MEMBERS 221000 11620911 11620911 POLE RENTAL 221000 244981 244981 CONTRIBUTIONS IN AID 221000 36925 36925 PATRONAGE ALLOCATION 221000 29064 29064 11931881 22973 22973 OTHER NON-OPERATING 900099 2162 2162 2162 11957016 11709873 0 247143 34000 284913 93964 1135 87433 29120 17304 1635 29613 781307 27602 901012 155063 COST OF POWER 5844891 DISTRIBUTION MAINTENANC 1228633 DISTRIBUTION OPERATION 644787 CONSUMER ACCOUNTS 464150 CONSUMER SERVICE AND IN 82700 205177 10914439 242693 1071018 226243 1186580 1635653 329593 306314 287468 1115202 32783063 7792101 24031383 24990962 733262 675812 16918 16408 27054140 29811369 981008 1419751 14410480 16128629 426245 236212 15817733 17784592 X 0 0 0 0 11236407 12026777 11236407 12026777 27054140 29811369 X 1042577 -252207 X X 0 1 1 X 0 94317 94317 726537 269470 726537 31962209 7522631 24170108 24990962 CONSUMER DEPOSITS 170818 DEFERRED CREDITS 65394 236212 11957016 10914439 1042577 -252207 -252207 790370 11920091 0 11920091 36925 36925 11957016 10914439 0 10914439 0 10914439 PART XI, LINE 8 - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID -36,925. CHANGE IN MEMBERSHIPS 225. RETIREMENT OF CAPITAL CREDITS -215,507. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID 36,925. FORM 990, PART VI, SECTION A, LINE 6 CRAIG-BOTETOURT ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS, THE DECISION TO DISSOLVE THE COOPERATIVE WOULD BE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 EACH MEMBER OF THE BOARD IS GIVEN A COPY OF FORM 990 TO REVIEW. AFTER THERE HAS BEEN SUFFICIENT TIME FOR THE BOARD MEMBERS TO REVIEW THE 990, A MEETING BETWEEN THE BOARD AND THE CPA FIRM THAT PREPARED THE 990 WILL TAKE PLACE TO DISCUSS THE 990 AND ANSWER ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND MANAGEMENT ARE REQUIRED TO SIGN A STATEMENT REVEALING ANY CONFLICT OF INTEREST AND THE ABSENCE THEREOF. THE STATEMENTS WILL BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COOPERATIVE USED A MEMBER OF THE MANAGERS SEARCH TEAM FROM NRECA TO ASSIST IN THE GENERAL MANAGER'S SALARY EVALUATION. THE GENERAL MANAGER'S SALARY WAS ALSO COMPARED TO THE NATIONAL AVERAGE OF THE LOWER 25 PERCENTILE FOR COOPERATIVES OF CRAIG-BOTETOURT'S SIZE. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ITS MEMBERS AT THE COOPERATIVE'S ANNUAL MEMBERSHIP BUSINESS MEETING AND IS INCLUDED IN A NEW MEMBER'S PACKET WHEN APPLYING FOR ELECTIC SERVICE. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS AT THE COOPERATIVE'S ANNUAL MEETING AND UPON INDIVIDUAL REQUEST. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO MEMBERS UPON INDIVIDUAL REQUEST. THESE ITEMS MENTIONED ABOVE ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC WITH THE FILING OF IRS FORM 990 AND THE REQUIRED FILINGS WITH RURAL UTILITIES SERVICES IN WASHINGTON, D.C. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CONTRIBUTIONS IN AID -36,925. CHANGE IN MEMBERSHIPS 225. RETIREMENT OF CAPITAL CREDITS -215,507. TOTAL TO FORM 990, PART XI, LINE 5: -252,207. THERE ARE NO CHANGES IN PROCEDURES FROM PRIOR YEARS.