Form 990 for tax year 2023

2a · Program service revenue: SALE OF ELECTRIC ENERGY

total $275,491,521 · related or exempt $275,491,521

2b · Program service revenue: NATURAL GAS SALES

total $126,764 · related or exempt $126,764

2c · Program service revenue: MISCELLANEOUS PROGRAM SERVICE

total $126,647 · related or exempt $126,647

3 · Investment income

total $1,318,613 · excluded $1,318,613

6a · Gross rents

personal property $4,655,629

6c · Rental income or loss

personal property $4,655,629

6d · Net rental income or loss

total $4,655,629 · excluded $4,655,629

7a · Gross sales of assets other than inventory

securities $10,643,833 · other assets $207,178

7b · Less cost or other basis and sales expenses

securities $10,445,467

7c · Gain or loss

securities $198,366 · other assets $207,178

7d · Net gain or loss

total $405,544 · related or exempt $207,178 · excluded $198,366

5 · Compensation of officers, directors and key employees

total $1,141,876

7 · Other salaries and wages

total $10,770,621

8 · Pension plan contributions

total $738,963

10 · Payroll taxes

total $914,367

11b · Fees: legal

total $89,216

11c · Fees: accounting

total $63,869

11g · Fees: other

total $94,961

12 · Advertising and promotion

total $76,910

13 · Office expenses

total $1,255,458

16 · Occupancy

total $2,192,910

20 · Interest

total $227,228

22 · Depreciation, depletion and amortization

total $21,164,447

23 · Insurance

total $781,420

24a · Other expenses: COST OF POWER

total $215,881,932

24b · Other expenses: DISTRIBUTION EXPENSE

total $15,187,523

24c · Other expenses: ADMINISTRATIVE AND GENERA

total $5,709,797

24d · Other expenses: CUSTOMER ACCOUNTS EXPENSE

total $2,102,820

24e · All other expenses

total $550,495

1 · Cash, non-interest-bearing

beginning of year $25,095,926 · end of year $10,271,397

2 · Savings and temporary cash investments

beginning of year $23,878,583 · end of year $26,461,282

4 · Accounts receivable

beginning of year $16,901,587 · end of year $26,906,856

7 · Other notes and loans receivable

beginning of year $5,898,662 · end of year $6,131,622

8 · Inventories for sale or use

beginning of year $14,099,597 · end of year $13,166,100

9 · Prepaid expenses and deferred charges

beginning of year $890,367 · end of year $901,239

10a · Land, buildings and equipment: cost or other basis

$608,768,497

10b · Land, buildings and equipment: accumulated depreciation

$309,434,375

10c · Land, buildings and equipment, net

beginning of year $275,297,799 · end of year $299,334,122

11 · Investments: publicly traded securities

beginning of year $10,598,803

15 · Other assets

beginning of year $3,160,294 · end of year $3,353,156

17 · Accounts payable and accrued expenses

beginning of year $40,038,541 · end of year $62,505,123

23 · Secured mortgages and notes payable

beginning of year $6,916,412 · end of year $5,176,105

25 · Other liabilities

beginning of year $13,185,472 · end of year $14,133,743

29 · Capital stock, trust principal or current funds

beginning of year $488,735 · end of year $496,530

31 · Retained earnings, endowment or other funds

beginning of year $315,192,458 · end of year $304,214,273