2011-08-11T09:58:53-05:00 2010-12-31 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2010-01-01 750597925 TAYLOR ELECTRIC COOPERATIVE INC TAYL 3257938500 PO BOX 250 MERKEL TX 79536 DARRYL SCHRIVER 3257938500 2011-08-02 true SEAN B DUNAHAY CPA 9187498337 2011-08-03 2010 2016-02-24 21:20:13Z 37896939 false X WWW.TAYLORELECTRIC.COM X 1939 TX TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. 11 11 83 20148 -1826 0 29755403 34688003 1679412 3045566 -150113 -258289 31284702 37475280 0 0 454147 557330 0 0 27133796 31135625 27587943 31692955 3696759 5782325 79519606 88594680 50826500 54483620 28693106 34111060 TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. false false SALES OF ELECTRIC POWER TO MEMBERS SERVICES WERE PROVIDED POWER AT YEAR END AT COST ON A COOPERATIVE BASIS. false false false false false false false false false true true false false true 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 true false false false true 53 0 false 83 true true true false false false false 34688003 3099877 false X 11 11 false false false false true true true true true false false true true true true true true true true false TX X TAYLOR ELECTRIC COOPERATIVE INC 3257938500 226 CR 287 MERKEL TX 79536 TONY HAM 8.00 X 17950 1300 0 LELAND ROBINSON 9.00 X 17750 1300 0 HOLLIS ELLIS 7.00 X 17700 1200 0 LOYD WALKER 5.00 X 16950 1300 0 GAYLE GOLLIHAR 7.00 X 16650 1300 0 SYBIL NORRIS 5.00 X 16150 1300 0 LARRY SLOAN 12.00 X 15900 1300 0 PARKS THOMAS 4.00 X 14550 1300 0 CECIL DAVIS 4.00 X 14550 1300 0 DARRYL SCHRIVER 40.00 X 244515 0 70355 MISTI HAYS 40.00 X 72180 0 22130 464845 11600 92485 1 false true false ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 60677 TREE TRIMMING 469090 NEAL TECHNOLOGY ASSOC INC 621 S MARKET ST SCOTTSBORO AL 35768 DATA COLLECTION 409744 ACCURATE CONSTRUCTION 5704 ANTILLEY RD ABILENE TX 79606 CONSTRUCTION 214244 JEFF TOOMBS 155 CR 360 MERKEL TX 79536 CONSTRUCTION 122656 4 PROGRAM SERVICE REVENUE 34688003 34688003 34688003 3013362 10779 3002583 54312 5877 48435 48435 48435 32204 32204 32204 32204 106655 415782 -309127 9369 -318496 OTHER INCOME - RELATED 2403 2403 2403 37475280 34688003 20148 2767129 557330 3036694 2860584 COST OF POWER 18572215 DISTRIBTION 2272830 OTHER 1455050 CONSUMER & CUSTOMER ACCOU 1246983 ADMINISTRATIVE & GENERAL 768779 922490 31692955 0 0 0 566827 1600749 2719660 1241805 3595155 3523325 13272 41174 585174 568829 93530176 30148564 56623637 63381612 15415881 18237186 79519606 88594680 2891753 2468606 46420503 49827180 1514244 2187834 50826500 54483620 X 89570 94510 241368 275540 28362168 33741010 28693106 34111060 79519606 88594680 5782325 -364371 X false true true X true true false false false false false false false false false false 246009 246009 93284167 30148564 63135603 63381612 INVESTMENTS IN ASSOCIATED 14929059 C MEMBER CAPITAL SECURITIES 2200000 C CFC 1540757 C CASH SURRENDER VALUE OF EMPLOYEE INS 169310 F NON-UTILITY PROPERTY 31988 C INVESTMENT IN SUB. 19906 C POWER COST RECOVERY - UNDERBILLED -653834 C 18237186 DEFERRED CREDITS 1363251 CONSUMER DEPOSITS 824583 2187834 37475280 31692955 5782325 31709 31709 5814034 37506989 31709 31709 37475280 37475280 31692955 31692955 31692955 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 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 COOPERATIVE 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 COOPERATIVE HAS TAX RETURNS FOR TAX YEARS 2003-2008 IN VARIOUS JURISDICTIONS THAT REMAIN SUBJECT TO EXAMINATION. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 NET MARGINS FROM SUBSIDIARY 31,709 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D NET MARGINS FROM SUBSIDIARY 31,709 X X X X X X false false false DARRYL SCHRIVER 244515 52416 17939 314870 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 THE BOARD. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTERESTS POLICY WITH EMPLOYEES AND DIRECTORS. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION UTILITES INDUSTRY DATA, COMPENSATION SURVEYS AND COMPENSATION COMMITTES AS DEEMED NECESSARY. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION UTILITES INDUSTRY DATA, COMPENSATION SURVEYS AND COMPENSATION COMMITTES AS DEEMED NECESSARY. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. TAYLOR ELECTRIC TRUST PO BOX 250 MERKEL TX 79536 262612715 CHARITY TX 501 9 TAYLOR ELE false TAYLOR DEVELOPMENT CORPORATION PO BOX 250 MERKEL TX 79536 752684020 ANS. PHONE TX TAYLOR ELE C CORP 321660 83246 1.00000 true false false false false false false false false false false false false false false false true false TAYLOR ELECTRIC DEVELOPMENT A 10779 ACCRUAL TAYLOR ELECTRIC TRUST Q 63514 ACCRUAL