FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC (EIN 59-0247095)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-10
- IRS object ID
- 201142229349301259
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-10T10:28:44-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1 |
| City | LUBBOCK | City |
| State | TX | State |
| ZIP Code | 79423 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590247095 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLORIDA KEYS ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Business Name Line2 | ASSOCIATION INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FLOR | NameControl |
| Phone | 3058522431 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91630 OVERSEAS HWY | AddressLine1 |
| City | TAVERNIER | City |
| State | FL | State |
| ZIP Code | 33070 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CRIS BEATY | Name |
| Title | CFO | Title |
| Phone | 3058522431 | Phone |
| Date Signed | 2011-08-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Matt R Willis | Name |
| Phone | 8067473806 | Phone |
| Date Prepared | 2011-08-01 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SCOTT NEWBERRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91630 OVERSEAS HWY | AddressLine1 |
| City | TAVERNIER | City |
| State | FL | State |
| ZIP Code | 33070 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 81818674 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.FKEC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1940 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 140 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 49656 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 48656 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 84145493 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 81095500 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -274752 | InvestmentIncomePriorYear |
| Investment Income Current Year | 108364 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 641435 | OtherRevenuePriorYear |
| Other Revenue Current Year | 590007 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 84512176 | TotalRevenuePriorYear |
| Total Revenue Current Year | 81793871 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 15816 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10972610 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10967991 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 71280287 | OtherExpensePriorYear |
| Other Expenses Current Year | 66930634 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 82252897 | TotalExpensesPriorYear |
| Total Expenses Current Year | 77914441 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2259279 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3879430 | RevenuesLessExpensesCY |
| Total Assets BOY | 123792790 | TotalAssetsBOY |
| Total Assets EOY | 126393397 | TotalAssetsEOY |
| Total Liabilities BOY | 81326181 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 81027512 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 42466609 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 45365885 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 31,050 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 15 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 140 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 77132811 | GrossIncomeFromMembers |
| Gross Income Other Sources | 801783 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRIS BEATY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3058522431 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 91630 OVERSEAS HIGHWAY | AddressLine1 |
| City | TAVERNIER | City |
| State | FL | State |
| ZIP Code | 33070 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DAVID RITZ | |||||||
| PRESIDENT | 5.30 | X | X | 25039 | 0 | 0 | |
| GRETCHEN HOLLAND | |||||||
| VICE PRESIDENT | 5.50 | X | X | 27821 | 0 | 0 | |
| MICHAEL PUTO | |||||||
| SECRETARY | 15.90 | X | X | 22709 | 0 | 0 | |
| FRANK HAWKINS JR | |||||||
| TREASURER | 1.70 | X | X | 24608 | 0 | 0 | |
| HAL BARRETT | |||||||
| DIRECTOR | 6.40 | X | 26329 | 0 | 0 | ||
| CRAIG BELCHER | |||||||
| DIRECTOR | 4.70 | X | 32181 | 0 | 0 | ||
| JAMES BOILINI | |||||||
| DIRECTOR | 6.20 | X | 29831 | 0 | 0 | ||
| GEORGE HERTEL | |||||||
| DIRECTOR | 4.40 | X | 27131 | 0 | 0 | ||
| KARL WAGNER | |||||||
| DIRECTOR | 8.50 | X | 29881 | 0 | 0 | ||
| SCOTT NEWBERRY | |||||||
| GENERAL MANAGER/CEO | 45.00 | X | 200372 | 0 | 61423 | ||
| CRIS BEATY | |||||||
| CFO | 44.00 | X | 141093 | 0 | 55983 | ||
| JOHN STUART | |||||||
| COO | 44.00 | X | 144751 | 0 | 51638 | ||
| DENNIS MINTON | |||||||
| SUPPLY & DELIVERY | 40.00 | 134194 | 0 | 53026 | X | ||
| DARRELL DAVIS | |||||||
| CREW LEADER | 46.00 | 133636 | 0 | 53493 | X | ||
| RANDY CHANEY | |||||||
| HUMAN RESOURCE MGR | 44.00 | 123305 | 0 | 47727 | X | ||
| RUSSELL HEATH | |||||||
| CREW LEADER | 40.00 | 127177 | 0 | 55055 | X | ||
| TY CASH | |||||||
| OPERATIONS DIRECTOR | 40.00 | 118276 | 0 | 44638 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1368334 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 422983 | TotalOtherCompensation |
| Number Individuals GT100 K | 23 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ABB INC | |||||
| PO BOX 88868 | CHICAGO | IL | 606951875 | SUBSTATION UPGRADE CONTRACTOR | 1413700 |
| ASPLUNDH TREE EXPERT CO | |||||
| PO BOX 532729 | ATLANTA | GA | 303532729 | TREE TRIMMING | 1018886 |
| GLADES UTILITY SERVICE INC | |||||
| 411 STATE ROAD 70 EAST | LAKE PLACID | FL | 33852 | SUBSTATION UPGRADE CONTRACTOR | 475947 |
| OSMOSE UTILITIES SERVICE | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | POLE INSPECTIONS | 271995 |
| MILLER BALIS & O'NIEL PC | |||||
| 1015 FIFTEENTH STREET NW | WASHINGTON | DC | 200052607 | LEGAL SERVICES | 154716 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ELECTRICITY SALES | 221000 | 76534167 | 76534167 |
| ELECTRICITY WHEELING | 221000 | 3737736 | 3737736 |
| PATRONAGE CAPITAL | 221000 | 595852 | 595852 |
| CONNECT FEES | 221000 | 227745 | 227745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 81095500 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 108364 | TotalRevenueColumn |
| Exclusion | $108,364 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 99732 | Real |
| Personal | 494142 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 13777 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 99732 | Real |
| Personal | 480365 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 580097 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9367 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 49656 | UnrelatedBusinessRevenue |
| Exclusion | $521,074 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 20936 | GrossSalesOfInventory |
| Cost Of Goods Sold | 11026 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9910 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9910 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 81793871 | TotalRevenueColumn |
| Related Or Exempt Function Income | 81114777 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 49656 | UnrelatedBusinessRevenue |
| Exclusion | $629,438 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15816 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 900790 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6052697 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1202111 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2306497 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 505896 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3766703 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4160835 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PURCHASED POWER | 51290462 |
| DISTRIBUTION EXPENSE | 2978127 |
| ADMIN & GENERAL EXP | 2156183 |
| CUSTOMER SERVICE EXP | 824056 |
| UNRELATED BUS. INC. TAX | 6968 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1747300 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77914441 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2938441 | BOY |
| EOY | 1623617 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6863441 | BOY |
| EOY | 7818459 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2468855 | BOY |
| EOY | 2364717 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4001431 | BOY |
| EOY | 3781760 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 138530127 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 33274051 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102159487 | BOY |
| EOY | 105256076 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4505774 | BOY |
| EOY | 4666955 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 855361 | BOY |
| EOY | 881813 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123792790 | BOY |
| EOY | 126393397 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5868294 | BOY |
| EOY | 5188466 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67579743 | BOY |
| EOY | 67738108 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7878144 | BOY |
| EOY | 8100938 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81326181 | BOY |
| EOY | 81027512 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1266806 | BOY |
| EOY | 1391881 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41199803 | BOY |
| EOY | 43974004 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42466609 | BOY |
| EOY | 45365885 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123792790 | BOY |
| EOY | 126393397 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3879430 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -980154 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1578442 | OtherCostOrOtherBasis |
| Book Value | 1578442 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22155362 | OtherCostOrOtherBasis |
| Depreciation | 2268878 | Depreciation |
| Book Value | 19886484 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 109581182 | OtherCostOrOtherBasis |
| Depreciation | 31005173 | Depreciation |
| Book Value | 78576009 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5215141 | OtherCostOrOtherBasis |
| Book Value | 5215141 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 105256076 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $5,508,495 |
| DEFERRED COMPENSATION | $39,105 |
| ACCRUED EMPLOYEE COMPENSATED ABSENCES | $1,232,776 |
| DEFERRED CREDIT - UNAMORTIZED DISCOUNT OF REACQUIRED DEBT | $454,362 |
| PROVISION FOR MEDICAL CLAIMS | $866,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8100938 | TotalOfAmounts |
| Total Revenue | 81793871 | TotalRevenue |
| Total Expenses | 77914441 | TotalExpenses |
| Excess Or Deficit For Year | 3879430 | ExcessOrDeficitForYear |
| Other | -$980,154 | OtherAmount |
| Total Adjustments | -980154 | TotalAdjustments |
| Excess Or Deficit Per FS | 2899276 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 81790332 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 13777 | OtherRevenues |
| Revenue Not Rptd F990 | 13777 | RevenueNotRptdF990 |
| Revenue Subtotal | 81776555 | RevenueSubtotal |
| Other Revenues Not Included | 17316 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 17316 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 81793871 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 77910902 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 13777 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 13777 | ExpensesNotRptdF990 |
| Expenses Subtotal | 77897125 | ExpensesSubtotal |
| Other Expenses Not Included | 17316 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 17316 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 77914441 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | ON JANUARY 1, 2009, THE COOPERATIVE ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| Part XI, Line 8 - Other Adjustments: | PREVIOUSLY UNCLAIMED CAPITAL CREDITS CLAIMED DURING THE YEAR. 125,075. RETIREMENT OF PATRONAGE CAPITAL -1,348,673. REALLOCATION OF UNCLAIMED CAPITAL CREDIT RETIREMENTS 243,444. | |
| Part XII, Line 2d - Other Adjustments: | TOWER RENTAL EXPENSES ALLOCATED TO RENTAL INCOME 13,777. | |
| Part XII, Line 4b - Other Adjustments: | EXPENSES RECORDED IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 17,316. | |
| Part XIII, Line 2d - Other Adjustments: | TOWER RENTAL EXPENSES ALLOCATED TO RENTAL INCOME 13,777. | |
| Part XIII, Line 4b - Other Adjustments: | EXPENSES RECORDED IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 17,316. | |
| Part VIII THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. Part IX THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information: | Identifier |
| Return Reference | Part IV: | ReturnReference |
| Explanation | ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SCOTT NEWBERRY | |||||||||||||
| 166764 | 0 | 6000 | 0 | 27608 | 0 | 46311 | 0 | 15112 | 0 | 261795 | 0 | 0 | 0 |
| CRIS BEATY | |||||||||||||
| 128830 | 0 | 554 | 0 | 11709 | 0 | 21167 | 0 | 34816 | 0 | 197076 | 0 | 0 | 0 |
| JOHN STUART | |||||||||||||
| 122526 | 0 | 538 | 0 | 21687 | 0 | 28883 | 0 | 22755 | 0 | 196389 | 0 | 0 | 0 |
| DENNIS MINTON | |||||||||||||
| 117172 | 0 | 1750 | 0 | 15272 | 0 | 24301 | 0 | 28725 | 0 | 187220 | 0 | 0 | 0 |
| DARRELL DAVIS | |||||||||||||
| 75425 | 0 | 44138 | 0 | 14073 | 0 | 25832 | 0 | 27661 | 0 | 187129 | 0 | 0 | 0 |
| RANDY CHANEY | |||||||||||||
| 108248 | 0 | 1225 | 0 | 13832 | 0 | 31957 | 0 | 15770 | 0 | 171032 | 0 | 0 | 0 |
| RUSSELL HEATH | |||||||||||||
| 78143 | 0 | 37793 | 0 | 11241 | 0 | 37014 | 0 | 18041 | 0 | 182232 | 0 | 0 | 0 |
| TY CASH | |||||||||||||
| 106185 | 0 | 690 | 0 | 11401 | 0 | 22533 | 0 | 22105 | 0 | 162914 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Information | Identifier |
| Return Reference | Part III | ReturnReference |
| Explanation | Part II, Column C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. SCOTT NEWBERRY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $38,614 401(K) EMPLOYER MATCH 7,697 TOTAL COLUMN C: 46,311 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (38,614) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 35,598 TOTAL COOPERATIVE CASH CONTRIBUTION $43,295 CRIS BEATY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $15,344 401(K) EMPLOYER MATCH 5,823 TOTAL COLUMN C: 21,167 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (15,344) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 27,020 TOTAL COOPERATIVE CASH CONTRIBUTION $32,843 JOHN STUART ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $23,061 401(K) EMPLOYER MATCH 5,822 TOTAL COLUMN C: 28,883 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (23,061) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 27,020 TOTAL COOPERATIVE CASH CONTRIBUTION $32,842 DENNIS MINTON ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $18,859 401(K) EMPLOYER MATCH 5,442 TOTAL COLUMN C: 24,301 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (18,859) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 24,349 TOTAL COOPERATIVE CASH CONTRIBUTION $29,791 DARRELL DAVIS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $22,079 401(K) EMPLOYER MATCH 3,753 TOTAL COLUMN C: 25,832 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (22,079) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 16,299 TOTAL COOPERATIVE CASH CONTRIBUTION $20,052 RANDY CHANEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $26,962 401(K) EMPLOYER MATCH 4,995 TOTAL COLUMN C: 31,957 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (26,962) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 23,175 TOTAL COOPERATIVE CASH CONTRIBUTION $28,170 RUSSELL HEATH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $33,364 401(K) EMPLOYER MATCH 3,650 TOTAL COLUMN C: 37,014 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (33,364) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 16,299 TOTAL COOPERATIVE CASH CONTRIBUTION $19,949 TY CASH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $17,776 401(K) EMPLOYER MATCH 4,757 TOTAL COLUMN C: 22,533 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (17,776) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 22,077 TOTAL COOPERATIVE CASH CONTRIBUTION $26,834 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (16 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. | |
| Form 990, Part VI, Section A, line 7a | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS BY DISTRICT. | |
| Form 990, Part VI, Section A, line 7b | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE. 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE. 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION. 3. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS. | |
| Form 990, Part VI, Section A, line 8b | FROM TIME TO TIME THE ENTIRE BOARD WILL GO INTO EXECUTIVE SESSION FOR DISCUSSING ITEMS OF A SENSITIVE AND CONFIDENTIAL NATURE. WHEN THIS OCCURS MANAGEMENT AND OTHERS IN ATTENDANCE ARE REMOVED FROM THE MEETING ROOM. ITEMS DISCUSSED IN EXECUTIVE SESSION ARE NOT DOCUMENTED. HOWEVER, ACTIONS TAKEN BY THE BOARD AFTER EXECUTIVE SESSIONS ARE ADJOURNED ARE FULLY DOCUMENTED IN THE WRITTEN MINUTES. | |
| Form 990, Part VI, Section B, line 11 | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. | |
| THE COOPERATIVE REGULARLY REVIEWS BUSINESS RELATIONSHIPS WITH BOARD MEMBERS AND EMPLOYEES TO DETERMINE IF ALL BUSINESS RELATIONSHIPS ARE IN PROPER COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. | Form 990, Part VI, Section B, line 12c | |
| THE BOARD OF DIRECTORS AND THE GENERAL MANAGER USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT FLORIDA AND THE NATION. | Form 990, Part VI, Section B, line 15b | |
| THE COOPERATIVE PROVIDES A SUMMARY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT ON THE COOPERATIVE'S WEBSITE AND ANNUALLLY PUBLISHES THIS SUMMARY IN THE FLORIDA LIVING MAGAZINE. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. | Form 990, Part VI, Section C, line 19 | |
| TO PROVIDE DETAIL REGARDING OFFICER'S OTHER COMPENSATION | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. AS PART OF THE PLAN DOCUMENT, THE COOPERATIVE PROVIDES A MATCHING CONTRIBUTION UP TO 4% OF A PARTICIPATING EMPLOYEE'S BASE SALARY. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER OR KEY EMPLOYEE IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER OR KEY EMPLOYEE. | Form 990, Part VII, Column F |
| PATRONAGE DIVIDENDS | PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. | Form 990, Part VIII, Line 2 |
| ACCOUNTING SYSTEM | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE(RUS). THE UNIFORM SYSTEM OF ACCOUNTING DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE WILL BREAK OUT SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS. | Form 990, Part IX |
| RECONCILIATION OF WAGES PER RETURN TO FORM W-3 | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. IN AN EFFORT TO EXPLAIN WHY THE AMOUNTS REPORTED ON LINES 5-7 DO NOT AGREE TO THE W-3 THE FOLLOWING RECONCILIATION IS PROVIDED. TOTAL PER LINES 5-7 $6,953,488 LESS DIRECTORS FEES REPORTED ON 1099-MISC (245,531) LESS EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (169,044) PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 3,092,933 RECONCILIATION TO W-3 $9,631,846 | Form 990, Part IX, Lines 5-7 |
| BREAKDOWN OF EXPENSES INCLUDED IN ADMINISTRATIVE AND GENERAL | THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS ADMINISTRATIVE AND GENERAL EXPENSE ON FORM 990, PART IX, LINE 24. OFFICE SUPPLIES AND EXPENSE $115,692 OUTSIDE SERVICES EMPLOYED 364,329 INSURANCE 734,680 MAINTENANCE OF GENERAL PLANT 820,611 MISCELLANEOUS EXPENSE 120,871 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $2,156,183 | Form 990, Part IX, Line 24 |
| TO PROVIDE DETAIL REGARDING OTHER EXPENSES | THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS OTHER EXPENSES ON FORM 990, PART IX, LINE 24F. TAXES - OTHER $995,600 POWER PRODUCTION 283,422 TRANSMISSION 369,020 AMORTIZATION 97,758 EXTRAORDINARY ITEM 1,500 TOTAL OTHER EXPENSES PER FORM 990 LINE 24F $1,747,300 | Form 990, Part IX, Line 24f |
| Changes in Net Assets or Fund Balances: | PREVIOUSLY UNCLAIMED CAPITAL CREDITS CLAIMED DURING THE YEAR. 125,075. RETIREMENT OF PATRONAGE CAPITAL -1,348,673. REALLOCATION OF UNCLAIMED CAPITAL CREDIT RETIREMENTS 243,444. Total to Form 990, Part XI, Line 5: -980,154. | Form 990, Part XI, line 5: |
| AUDIT COMMITTEE | THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. | Form 990, Part XII, Line 2c |