2011-08-12T15:32:57-05:00 2010-12-31 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2010-01-01 420320323 HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE HAWK 5635473801 PO BOX 90 CRESCO IA 52136 BRIAN KRAMBEER 5635473801 2011-08-04 1 LAURIE HANSON 6053391999 2011-08-04 2010 2016-02-24 21:20:13Z HAWKEYE REC BRIAN KRAMBEER PO BOX 90 CRESCO IA 52136 21287682 0 X WWW.HAWKEYEREC.COM X 1938 IA TO PROVIDE ACCESS TO SAFE, DEPENDABLE AND AFFORDABLE ELECTRIC SERVICES. 9 9 41 0 93438 55583 0 0 19440853 20784271 89106 -368700 53349 40052 19583308 20455623 100 8490 0 0 2759106 2878613 0 0 0 15607814 16976656 18367020 19863759 1216288 591864 47941485 48045698 30016527 29966676 17924958 18079022 X AS A LOCALLY OWNED COOPERATIVE ORGANIZATION WE STRIVE TO PROVIDE A RELIABLE ELECTRIC DISTRIBUTION SYSTEM, MAINTAIN FINANCIAL STABILITY, COMMUNICATE, MAXIMIZE MARKETING OPPORTUNITIES, PROVIDE OTHER RELATED SERVICES, AND USE SOUND BUSINESS PRACTICES THUS EARNING THE TRUST, LOYALTY AND RESPECT OF OUR PATRONS. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 5,420 MEMBERS LOCATED PRIMARILY IN RURAL AREAS. 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 23 0 1 41 1 1 1 0 0 0 0 0 0 20368944 441133 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X BRIAN KRAMBEER 5635473801 PO BOX 90 CRESCO IA 52136 X DEAN FISHER 5.00 X X 11234 0 0 CHARLES FRANA 6.00 X X 10763 0 0 DENNIS PTACEK 4.00 X X 8444 0 0 NORMAN DICKMAN 5.00 X 9935 0 0 JANELLE MAHR 11-331 7.00 X 2265 0 0 ROGER NIBAUR 7.00 X 9776 0 0 DENNIS YOUNG 5.00 X 10787 0 0 JOHN HOCKSPEIER 11-331 8.00 X 2149 0 0 DEAN NIERLING 4.00 X 8379 0 0 DARLA RANCE 41-1231 4.00 X 6598 0 0 CARL REICKS 41-1231 3.00 X 5280 0 0 PEGGY BERG 46.00 X 89494 0 31295 BRIAN KRAMBEER 30.00 X 95913 0 62666 271017 0 93961 0 0 1 1 ARCHITECTURAL DESIGN GROUP LLC 393 RED CEDAR ST MENOMONIE WI 54751 ARCHITECTURAL SERVICES 210301 TRI-COUNTY ELECTRIC COOPERATIVE 31110 COOPERATIVE WAY RUSHFORD MN 55971 MANAGEMENT SERVICES 144456 ACCULINE CONSULTING 7333 CATTLE DR NASHPORT OH 43830 LINE STAKING, MAPPING, GPS 105158 3 SALE OF POWER 221000 20368944 20353015 15929 CAPITAL CREDITS 221000 485102 485102 EQUITY EARNINGS 900099 20765 20765 INVESTMENT IN HTC CORP 531390 -90540 -90631 91 20784271 116087 77509 38578 64893 549680 -484787 -484787 -484787 322431 282379 40052 40052 20455623 20808303 93438 -446118 8490 349191 1960688 411895 156839 1160741 1213642 COST OF POWER 12869504 DISTR. - OPERATIONS 1169205 ADMIN. & GENERAL 1100831 UBI TAX 10110 ALLOCATED & OTHER COSTS -547377 19863759 2927771 1353681 3138465 2532920 1662119 1296741 1267787 1285807 46186641 10870977 33208199 35315664 432357 424753 5085573 5560236 219214 275896 47941485 48045698 3452276 2726084 4074 23338749 24055040 1150000 750000 2075502 2431478 30016527 29966676 X 0 0 0 0 17924958 18079022 17924958 18079022 47941485 48045698 X 591864 -437800 X 0 1 1 X 0 0 1 146679 146679 51280 4260 47020 51952 10543 41409 40416168 10437720 29978448 5520562 418454 5102108 35315664 INVESTMENT IN ASSOCIATED COMPANIES 5360614 C EQUITY INVESTMENTS 199622 C 5560236 CUSTOMER DEPOSITS 81038 DEFERRED CREDITS 2350440 2431478 20455623 19863759 591864 -437800 -437800 154064 20492019 36396 36396 20455623 0 20455623 19900155 36396 36396 19863759 0 19863759 PART IV, LINE 2B: HAWKEYE TRI-COUNTY'S RECARE PROGRAM PROVIDES MEMBERS WITH THE ABILITY TO DONATE MONEY THROUGH THE COOPERATIVE TO HELP NEEDY MEMBERS PAY THEIR ELECTRIC BILLS. THE ACCOUNT IS LISTED ON THE BALANCE SHEET AS A LIABILITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COOPERATIVE ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2010, THERE WAS NO UNRECOGNIZED TAX ACCRUAL. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. GENERALLY, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS -437,800. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT IN HTC DEVELOPMENT CORPORATION 36,396. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT IN HTC DEVELOPMENT CORPORATION 36,396. 1 RECARE - ASSISTANCE WITH ELECTRIC BILLS. 36 5990 BOOK/FMV SCHOLARSHIPS 5 2500 BOOK/FMV X X X 0 0 0 BRIAN KRAMBEER 94127 0 0 0 1786 0 53107 0 10109 0 159129 0 0 0 SUPPLEMENTAL INFORMATION PART III BRIAN KRAMBEER'S COMPENSATION AND HOURS WORKED PER WEEK ARE SPLIT EVENLY BETWEEN HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE AND AN UNRELATED ORGANIZATION, TRI-COUNTY ELECTRIC COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 3 HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE SHARES A GENERAL MANAGER, BRIAN KRAMBEER, WITH TRI-COUNTY ELECTRIC COOPERATIVE OF RUSHFORD, MINNESOTA. BRIAN KRAMBEER IS AN EMPLOYEE OF TRI-COUNTY ELECTRIC COOPERATIVE. HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE HAS CONTRACTED WITH TRI-COUNTY ELECTRIC COOPERATIVE FOR BRIAN KRAMBEER'S SERVICES. FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HOLDS A MEMBERSHIP OF THE SAME CLASS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ARTICLES OF INCORPORATION WILL REQUIRE A VOTE FROM THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS AT THE BOARD MEETING PRIOR TO BEING FILED WITH THE IRS. EACH DIRECTOR WILL RECEIVE A COPY OF THE FORM 990 FOR REVIEW AND DISCUSSION WILL FOLLOW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS AND OFFICERS. ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE COMPLETED. ONCE COMPLETED, THE STATEMENTS ARE REVIEWED BY THE BOARD OF DIRECTORS. IF THERE IS A CONFLICT, THE AFFECTED OFFICER OR DIRECTOR WILL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. OTHER OFFICERS WOULD BE SUBJECT TO THE COMPENSATION PLAN OF THE HAWKEYE TRI-COUNTY REC WHICH INCLUDES MARKET ANALYSIS OF JOB POSITIONS. THE BOARD OF DIRECTORS HAS A POLICY IN PLACE REGARDING PER DIEM AND EXPENSE REIMBURSEMENTS. THE POLICY WAS LAST REVIEWED AND UTILIZED IN 2010. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. COMPENSATION AND AVERAGE HOURS PER WEEK FORM 990, PART VII, LINE 1A: BRIAN KRAMBEER'S COMPENSATION AND HOURS WORKED PER WEEK ARE SPLIT EVENLY BETWEEN HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE AND AN UNRELATED ORGANIZATION, TRI-COUNTY ELECTRIC COOPERATIVE. HIS COMPENSATION AND HOURS WORKED PER WEEK ARE REPORTED ONLY FOR THE SERVICES PROVIDED TO HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE. OTHER COMPENSATION FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CEO AND CFO. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENT OF CAPITAL CREDITS -437,800. TOTAL TO FORM 990, PART XI, LINE 5: -437,800. ALLOCATED AND OTHER EXPENSE FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. HTC DEVELOPMENT CORPORATION PO BOX 90 CRESCO IA 52136 680403643 HOUSING DEVELOPMENT IA HAWKEYE TRI-COUNTY ELECTRIC COOPERATIVE C -90539 1656074 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 HTC DEVELOPMENT CORPORATION A 77509 BOOK/FMV