Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $149,498,207 · related or exempt $149,498,207

• 2b · Program service revenue: CIAC

  total $2,118,477 · related or exempt $2,118,477

• 2c · Program service revenue: CAPITAL CR. - CASH REC.

  total $545,687 · related or exempt $545,687

• 2d · Program service revenue: OTHER

  total $800 · related or exempt $800

• 3 · Investment income

  total $182,913 · excluded $182,913

• 6a · Gross rents

  personal property $266,605

• 6c · Rental income or loss

  personal property $266,605

• 6d · Net rental income or loss

  total $266,605 · excluded $266,605

• 7a · Gross sales of assets other than inventory

  other assets $54,223

• 7b · Less cost or other basis and sales expenses

  other assets $35,678

• 7c · Gain or loss

  other assets $18,545

• 7d · Net gain or loss

  total $18,545 · excluded $18,545

• 11a · Other revenue: BILLING SERVICES

  total $5,520 · unrelated business $5,520

• 11b · Other revenue: SALE OF WATER HEATERS

  total $528 · unrelated business $528

• 11e · Other revenue, total

  $6,048

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,224,965

• 5 · Compensation of officers, directors and key employees

  total $3,447,019

• 7 · Other salaries and wages

  total $13,626,842

• 8 · Pension plan contributions

  total $2,484,483

• 9 · Other employee benefits

  total $514,415

• 10 · Payroll taxes

  total $1,362,907

• 11b · Fees: legal

  total $67,136

• 17 · Travel

  total $3,103,751

• 19 · Conferences, conventions and meetings

  total $255,813

• 20 · Interest

  total $4,832,107

• 22 · Depreciation, depletion and amortization

  total $13,220,964

• 24a · Other expenses: COST OF POWER

  total $98,488,447

• 24b · Other expenses: ADMIN & GENERAL

  total $5,796,249

• 24c · Other expenses: MAINTENANCE

  total $3,910,730

• 24d · Other expenses: TAXES

  total $1,744,332

• 24e · All other expenses

  total -$7,568,745

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,001,649 · end of year $1,742,761

• 2 · Savings and temporary cash investments

  beginning of year $171,602 · end of year $1,372,882

• 4 · Accounts receivable

  beginning of year $19,746,065 · end of year $20,235,737

• 7 · Other notes and loans receivable

  beginning of year $950,417 · end of year $852,917

• 8 · Inventories for sale or use

  beginning of year $2,851,603 · end of year $3,869,637

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,694,133 · end of year $2,096,734

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

  $421,360,010

• 10b · Land, buildings and equipment: accumulated depreciation

  $134,566,579

• 10c · Land, buildings and equipment, net

  beginning of year $281,163,603 · end of year $286,793,431

• 11 · Investments: publicly traded securities

  beginning of year $2,874,606 · end of year $2,057,052

• 12 · Investments: other securities

  beginning of year $1,703,806 · end of year $1,071,346

• 13 · Investments: program-related

  beginning of year $40,120,874 · end of year $43,496,012

• 15 · Other assets

  end of year $435,753

• 17 · Accounts payable and accrued expenses

  beginning of year $14,647,232 · end of year $17,598,005

• 23 · Secured mortgages and notes payable

  beginning of year $144,813,910 · end of year $145,219,593

• 25 · Other liabilities

  beginning of year $26,811,976 · end of year $25,070,123

• 31 · Retained earnings, endowment or other funds

  beginning of year $168,005,240 · end of year $176,136,541

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

JEFFERY T. CLARK 0 18,000 0 MICHELLE HEFNER 0 6,600 0 WANDA JONES 0 6,600 0 CARRIE PETERS 0 6,600 0