2011-08-15T09:35:58-05:00 2010-12-31 BRISCOE BURKE & GRIGSBY LLP 4120 EAST 51ST STREET SUITE 100 TULSA OK 741353633 990 2010-01-01 730177775 CENTRAL RURAL ELECTRIC COOPERATIVE INC CENT 8003752884 PO BOX 1809 STILLWATER OK 74076 DAVID SWANK 8003752884 2011-08-04 true SEAN B DUNAHAY CPA 9187498337 2011-08-04 2010 2016-02-24 21:20:13Z 49040707 false X X 1938 OK TO PROVIDE ELECTRICITY TO MEMBERS 9 9 99 940 0 48457792 48395750 595937 502499 -19404 -39980 49034325 48858269 0 0 572228 599357 0 0 48204228 45471597 48776456 46070954 257869 2787315 92086535 93125650 45990089 43561482 46096446 49564168 TO PROVIDE ELECTRICITY TO MEMBERS false false PROVIDED ELECTRICITY TO MEMBERS. 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 54 0 true 99 true false false false false false 48395750 561546 false X 9 9 false false false false true true true true true false false true true true true true true true true false OK X THE COOPERATIVE 4053722884 PO BOX 1809 STILLWATER OK 74076 GARY MCCUNE 12.00 X 23600 0 0 LEN TONTZ 11.00 X 22650 0 0 C D MIHURA 7.00 X 20800 0 0 DALE WEATHERS 5.00 X 18000 0 0 JAMES WILLIAMS 8.00 X 17850 0 0 CLYDE HABBEN 7.00 X 17600 0 0 RAYMOND NETTLES 12.00 X 16000 0 0 LOUISE ETHRIDGE 8.00 X 14250 0 0 RICHARD STULTS 2.00 X 13600 0 0 DAVID SWANK 60.00 X 212523 0 69710 PATRICIA NANCE 50.00 X 105164 0 47610 482037 117320 2 false true false ARKANSAS ELECTRIC COOPERATIVES PO BOX 190257 LITTLE ROCK AR 72219 MATERIAL 2426699 ELECTRICAL LINE SERVICES INC 14200 S TULSA DR OKLAHOMA CITY OK 73170 ELECTRICAL 567810 OSMOSE UTILITIES SERVICES INC PO BOX 8000 BUFFALO NY 14267 CONSTRUCTION 484857 WOLF TREE INC PO BOX 415000-0046 NASHVILLE TN 37241 TREE CARE 366346 NATIONAL INFORMATION SOLUTIONS COOP PO BOX 1147 MANDAN ND 58554 SOFTWARE 290716 12 SALES OF ELECTRICITY 48395750 48395750 48395750 486128 486128 40420 40420 40420 40420 42991 26620 16371 16371 16371 26297 155818 -129521 940 -130461 NON-OPERATING REVENUE-AEC 45954 45954 NON-OPERATING REVENUE 3167 3167 49121 48858269 48395750 940 461579 599357 1105023 3333759 COST OF POWER 30623341 DISTRIBUTION 4833690 GENERAL & ADMIN. 2514794 CONSUMER EXPENSE 2047211 TAXES 1013779 46070954 0 0 0 7801824 6499818 12616 595 5407263 5202091 33026 4963 214218 45384 106574686 40747162 65066304 65827524 13551284 15545275 92086535 93125650 5809307 4641673 31941849 30620765 8238933 8299044 45990089 43561482 X 647905 665155 6639331 6525361 38809210 42373652 46096446 49564168 92086535 93125650 2787315 680407 X true true true X false false false false false false false false false false false 106574686 40747162 65827524 65827524 15545275 C 15545275 OIL LOAD REVENUE DEFERRAL PLAN 4000000 PROVISION FOR POST-RETIREMENT BENEF. 2147703 CONSUMER ADVANCES FOR CONSTRUCTION 1241845 CONSUMER DEPOSITS 666803 DEFERRED CREDITS 242693 8299044 48858269 46070954 2787315 1854663 1854663 4641978 50712932 1854663 1854663 48858269 48858269 46070954 46070954 46070954 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 HAS 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 COMPANY 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 COMPANY 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 ACCRUAL BASIS CAPITAL CREDITS 1,854,663 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D ACCRUAL BASIS CAPITAL CREDITS 1,854,663 X X X X false false false DAVID SWANK 212523 52634 17076 282233 PATRICIA NANCE 105164 31413 16197 152774 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 REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION TO THE BOARD FOR APPROVAL. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION PERIODICALLY REVIEWS THE POLICY WITH EMPLOYEES AND THE BOARD. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A ORGANIZATION UTILIZES INDUSTRY INFORMATION AND CONSULTANTS AS NECESSARY TO DETERMINE COMPENSATION. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B ORGANIZATION UTILIZES INDUSTRY INFORMATION AND CONSULTANTS AS NECESSARY TO DETERMINE COMPENSATION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. CENTRAL RURAL ELECTRIC FOUNDATION PO BOX 1809 STILLWATER OK 74076 204700369 DONATIONS OK 501 9 CREC CENTRAL RURAL ELECTRIC COOPERATIVE false false false false false false false false false false false false false false false false false true false CENRAL RURAL ELECTRIC FOUNDATION Q 114957