The Financials

Posted: April 1, 2018 at 7:00 am

Balance Sheet

For the years ending December 31, 2017 & 2016

Balance Sheet	2017*	2016
Total Utility Plant in Service	277,446,618	271,366,555
Construction Work in Progress	8,445,137	5,846,584
Total Utility Plant	285,891,755	277,213,139
Accum. Provision for Depreciation and Amort.	65,874,713	60,174,425
Net Utility Plant	220,017,042	217,038,714
Non-Utility Property (Net)	21,000	21,000
Investments in Associated Organizations	20,943,613	19,223,064
Total Other Property & Investments	20,964,613	19,244,064
Cash – General Funds	408,122	1,305,721
Special Deposits	5,260	5,260
Accounts Receivable	7,254,402	3,633,514
Material and Supplies – Electric & Other	3,208,642	2,636,312
Prepayments	86,075	91,219
Other Current and Accrued Assets	5,031,656	4,915,287
Total Current and Accrued Assets	15,994,157	12,587,313
Other Deferred Debits	0	0
Total Assets and Other Debits	256,975,812	248,870,091
Memberships	168,175	161,425
Patronage Capital	69,155,299	65,158,910
Operating Margins – Current Year	3,261,768	3,366,588
Non-Operating Margins	2,525,406	1,855,358
Other Margins and Equities	2,143,265	1,459,406
Total Margins & Equities	77,253,913	72,001,687
Total Long-Term Debt	151,596,287	150,929,983
Total Long-Term Debt	151,596,287	150,929,983
Accumulated Operating Provisions	1,165,166	1,719,366
Total Other Noncurrent Liabilities	1,165,166	1,719,366
Notes Payable	5,500,000	3,500,000
Accounts Payable	5,719,128	5,607,623
Consumers Deposits	3,521,949	3,362,869
Current Maturities Long-Term Debt	6,683,347	6,579,525
Other Current and Accrued Liabilities	2,146,984	2,675,104
Total Current & Accrued Liabilities	23,571,408	21,725,121
Other Deferred Credits	3,389,038	2,493,934
Total Liab. & Other Credits	256,975,812	248,870,091

 

*unaudited

Statement of Revenue and Expense

For the years ending December 31, 2017 & 2016

	2017*	2016
Operating Revenues
Electric Energy Sales	89,691,223	89,835,376
Other Electric Revenues	1,646,666	1,634,617
Total Operating Revenues	91,337,889	91,469,993
Operating Expenses:
Cost of Purchased Power	53,331,736	53,624,176
Transmission	17,978	0
Operations	4,248,625	4,782,682
Maintenance	7,691,019	6,743,277
Consumer Accounts	2,606,753	2,730,130
Consumer Service Information	880,358	595,380
Administrative and General	4,445,472	3,580,199
Total Operating Expenses	73,221,941	72,055,844
Depreciation and Amortization	8,655,465	8,429,501
Tax Expense – Other	84,579	25,119
Interest on Long-Term Debt	5,986,129	6,057,082
Interest Expense – Other	85,565	78,995
Other Income Deductions	42,440	1,456,864
Total Cost of Electric Service	88,076,119	88,103,405
Operating Margins	3,261,769	3,366,588
Non-Operating Margins	2,525,406	1,855,358
Total Margins	$5,787,176	$5,221,946

Key Statistics

	2017	2007
Average Accounts Billed	41,123	32,906
Average Residential kWh Use	1,170	1,257
Miles of Line	3,616.42	3,264.93
Total Services per Mile	11.96	10.96

Report for Operation Roundup

Individuals	$62,925
Organizations	$20,500
Scholarships	$79,750
Total	$163,175