2011-11-14T09:57:01-06:00 2010-12-31 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 31088 990 2010-01-01 580372535 OCONEE ELECTRIC MEMBERSHIP CORPORATION OCON 4786763191 PO BOX 37 DUDLEY GA 310220037 MARTY SMITH 4786763191 2011-11-03 1 LENN L HALL 4789293888 2011-11-03 2010 2016-03-07 17:11:31Z MARTY SMITH 3445 US HIGHWAY 80 WEST DUDLEY GA 31022 31310115 0 X WWW.OCONEEEMC.COM X 1938 GA TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 7 7 58 0 0 0 0 0 28708715 31217276 26407 25158 0 0 28735122 31242434 0 0 0 0 758334 597686 0 0 0 27263126 29536219 28021460 30133905 713662 1108529 63345564 65719611 43378990 44834613 19966574 20884998 TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 0 0 30133905 30980646 TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. 30133905 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 58 1 0 0 0 0 0 0 0 0 0 30395557 846877 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X PAM BALLARD 4786763191 3445 US HIGHWAY 80 WEST DUDLEY GA 31022 JOHN B FLOYD JR 4.00 X 7894 0 0 JOHNNIE B HALL 3.00 X 8281 0 0 CECIL C WOODARD 4.00 X 7325 0 0 AMY S ORR 4.00 X X 7381 0 0 CHARLES B GRACE 8.00 X X 11079 0 0 JAMES H DAVIS 3.00 X X 8144 0 0 WILLIAM S SHEPHERD 3.00 X X 9931 0 0 MARTY SMITH 45.00 X 155647 0 69509 DAVID L HARTLEY 45.00 X 114101 0 55782 TERRI HOWARD 45.00 X 101615 0 40997 431398 0 166288 3 0 1 0 UTILICON SERVICES INC PO BOX 5876 SANDERSVILLE GA 31082 LINE CONSTRUCTION, RIGHT-OF-WAY CUTTING 634111 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING AND REMOVAL 174338 MEADOW CREEK CONSTRUCTION & POWER CONSUL PO BOX 1108 OGLETHORPE GA 31068 LINE CONSTRUCTION, RIGHT-OF-WAY CUTTING 102349 3 ELECTRIC SALES 221000 30324887 30324887 PATRONAGE CAPITAL (ELE 221000 660731 660731 POLE RENTAL 221000 231658 231658 31217276 30130 30130 62709 67681 -4972 -4972 -4972 31242434 30980646 0 261788 597686 597686 2022652 2022652 1796128 1796128 COST OF POWER 20485765 20485765 DISTRIBUTION MAINTENANC 1698115 1698115 ADMIN AND GENERAL 1280810 1280810 CONSUMER ACCOUNTS 985733 985733 DISTRIBUTION OPERATIONS 888419 888419 378597 378597 30133905 30133905 0 0 133090 115862 2206778 2360640 4044 4758 772893 446855 190594 226133 63808864 12838108 49176692 50970756 9963759 10666941 897714 927666 63345564 65719611 5345446 5122733 32117797 33569626 5915747 6142254 43378990 44834613 X 62645 62855 917 917 19903012 20821226 19966574 20884998 63345564 65719611 X 1108529 -190105 X 0 0 0 63808864 12838108 50970756 50970756 PATRONAGE CAPITAL - OPC 7657410 C PATRONAGE CAPITAL - NRUCFC 626775 C PATRONAGE CAPITAL - GRESCO 510248 C PATRONAGE CAPITAL - NRTC 7366 C MEMBERSHIP FEES - OTHER 3584 C CAPITAL TERM CERTIFICATES - NRUCFC 885710 C PATRONAGE CAPITAL - PRTC 68127 C SHORT TERM INVESTMENT - NRUCFC 794000 C FEDERATED RURAL ELECTRIC INSURANCE 67884 C SMARR EMC 25024 C PATRONAGE CAPITAL - SEDC 20813 C 10666941 CONSUMER DEPOSITS 944064 ACCRUED SALES TAXES 115294 PROVISION FOR PENSIONS AND BENEFITS 2278794 PROVISION FOR SICKLEAVE 517943 PROVISION FOR OTHER BENEFITS 28183 ACCRUED INTEREST PAYABLE 388048 ACCRUED ANNUAL LEAVE 107179 ACCRUED PROPERTY AND FRANCHISE TAXES 393360 ACCRUED PAYROLL 37157 UNAMORTIZED GAIN ON REACQUIRED DEBT 143797 ACCRUED AUDIT LIABILITY 6528 DEFERRED ENERGY CON CREDIT 1181907 6142254 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X 0 0 0 MARTY SMITH 153338 0 0 0 2309 0 47806 0 21703 0 225156 0 0 0 DAVID L HARTLEY 111850 0 0 0 2251 0 33982 0 21800 0 169883 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION HAS SEVEN MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS, SUCH AS CHANGES TO THE CORPORATION'S CORPORATE BY-LAWS, MUST BE PRESENTED TO AND APPROVED BY THE MEMBERS. GENERALLY, SUCH CHANGES, IF ANY, ARE PRESENTED AT THE CORPORATION'S ANNUAL MEMBER MEETING. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS BY THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 ALONG WITH CERTAIN MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS EFFECTIVE DECEMBER 31, 2008. THIS POLICY WILL BE REVIEWED ANNUALLY WITH THE BOARD OF DIRECTORS BY THE VICE PRESIDENT ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO SUBMITS A REPORT TO THE BOARD OF DIRECTORS USING THE CEO PERFORMANCE ASSESSMENT FORM. THE BOARD THEN RATES THE CEO'S PERFORMANCE. USING THE CURRENT YEAR NRECA COMPENSATION SURVEY, THE BOARD THEN DETERMINES THE AMOUNT OF ANNUAL INCREASE FOR THE CEO. THE CEO RATES THE EMPLOYEE'S PERFORMANCE. USING THE CURRENT YEAR NRECA COMPENSATION SURVEY, THE CEO THEN DETERMINES THE AMOUNT OF ANNUAL INCREASE FOR THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENT OF CAPITAL CREDITS -209,703. DONATED CAPITAL FROM DISCOUNTED CAPITAL CREDITS 19,388. INCREASE IN MEMBERSHIP FFES 210. TOTAL TO FORM 990, PART XI, LINE 5: -190,105. OCONEE EMC FOUNDATION INC PO BOX 37 DUDLEY GA 31022 050593465 SUPPORT OF LOCAL CHARITABLE ORGANIZATIONS GA 501(C)(3) 170(B)(1) (A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 OCONEE EMC FOUNDATION INC K 566 OCONEE EMC FOUNDATION INC Q 74857