Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $58,687,329 · related or exempt $58,687,329

• 2b · Program service revenue: BROADBAND INTERNET REVENUE

  total $5,222,804 · related or exempt $5,222,804

• 2c · Program service revenue: SERVICE FEES

  total $275,414 · related or exempt $275,414

• 2d · Program service revenue: PATRONAGE DIVIDENDS

  total $153,095 · related or exempt $153,095

• 3 · Investment income

  total $169,863 · excluded $169,863

• 7a · Gross sales of assets other than inventory

  other assets $36,876

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

  other assets $26,084

• 7c · Gain or loss

  other assets $10,792

• 7d · Net gain or loss

  total $10,792 · related or exempt $10,792

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $582,787 · excluded $582,787

• 11b · Other revenue: CFC ONE CARD REBATE

  total $10,348 · related or exempt $10,348

• 11e · Other revenue, total

  $593,135

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,826

• 4 · Benefits paid to or for members

  total $476,257

• 5 · Compensation of officers, directors and key employees

  total $750,989

• 7 · Other salaries and wages

  total $4,990,843

• 8 · Pension plan contributions

  total $1,372,018

• 9 · Other employee benefits

  total $638,189

• 10 · Payroll taxes

  total $362,685

• 20 · Interest

  total $1,507,053

• 22 · Depreciation, depletion and amortization

  total $4,297,638

• 24a · Other expenses: PURCHASED POWER

  total $42,120,702

• 24b · Other expenses: ADMIN & GENERAL EXPENSE

  total $2,282,557

• 24c · Other expenses: DISTRIBUTION EXPENSE

  total $2,105,877

• 24d · Other expenses: BROADBAND EXPENSE

  total $1,941,408

• 24e · All other expenses

  total $1,254,846

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,505,139 · end of year $3,809,840

• 2 · Savings and temporary cash investments

  beginning of year $202,737 · end of year $202,747

• 4 · Accounts receivable

  beginning of year $6,185,350 · end of year $6,808,317

• 8 · Inventories for sale or use

  beginning of year $3,761,392 · end of year $6,418,197

• 9 · Prepaid expenses and deferred charges

  beginning of year $786,215 · end of year $1,003,560

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

  $142,917,426

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

  $40,855,629

• 10c · Land, buildings and equipment, net

  beginning of year $79,138,959 · end of year $102,061,797

• 13 · Investments: program-related

  beginning of year $40,708,080 · end of year $40,670,956

• 15 · Other assets

  beginning of year $607,801 · end of year $1,503,533

• 17 · Accounts payable and accrued expenses

  beginning of year $7,624,331 · end of year $8,018,894

• 23 · Secured mortgages and notes payable

  beginning of year $59,891,151 · end of year $73,948,549

• 25 · Other liabilities

  beginning of year $16,225,141 · end of year $10,086,697

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $62,155,050 · end of year $70,424,807

The filer's explanations (Part III)

PART II, COLUMN C:

THE AMOUNTS REPORTED IN COLUMN C ARE THE RESULT OF AN INCREASE/(DECREASE) IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN.