Form 990 for tax year 2023

2a · Program service revenue: ELECTRIC SALES

total $43,135,683 · related or exempt $43,135,683

2b · Program service revenue: STREET LIGHTING

total $17,410 · related or exempt $17,410

3 · Investment income

total $25,982 · excluded $25,982

7a · Gross sales of assets other than inventory

other assets $5,000

7b · Less cost or other basis and sales expenses

other assets $3,000

7c · Gain or loss

other assets $2,000

7d · Net gain or loss

total $2,000 · excluded $2,000

10a · Gross sales of inventory

$15,953

10b · Cost of goods sold

$14,151

10c · Net income from sales of inventory

total $1,802 · unrelated business $1,802

11a · Other revenue: PATRONAGE CAPITAL

total $1,189,659 · excluded $1,189,659

11b · Other revenue: ALL OTHER

total $117,245 · related or exempt $117,245

11e · Other revenue, total

$1,306,904

7 · Other salaries and wages

total $849,043

11b · Fees: legal

total $25,700

20 · Interest

total $699,302

22 · Depreciation, depletion and amortization

total $1,840,703

24a · Other expenses: PURCHASED POWER

total $31,943,066

24b · Other expenses: MAINTENANCE

total $3,447,140

24c · Other expenses: OPERATIONS EXPENSE

total $1,249,107

24d · Other expenses: CUSTOMER ACCOUNT EXPENS

total $767,939

24e · All other expenses

total $724,454

1 · Cash, non-interest-bearing

beginning of year $3,952,037 · end of year $754,679

4 · Accounts receivable

beginning of year $3,521,598 · end of year $4,054,450

8 · Inventories for sale or use

beginning of year $1,116,104 · end of year $820,054

9 · Prepaid expenses and deferred charges

beginning of year $89,440 · end of year $80,375

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

$59,217,027

10b · Land, buildings and equipment: accumulated depreciation

$21,357,912

10c · Land, buildings and equipment, net

beginning of year $34,388,310 · end of year $37,859,115

12 · Investments: other securities

beginning of year $18,453,169 · end of year $19,013,784

15 · Other assets

beginning of year $27,747 · end of year $18,745

17 · Accounts payable and accrued expenses

beginning of year $7,390,009 · end of year $5,576,164

23 · Secured mortgages and notes payable

beginning of year $14,919,422 · end of year $15,324,107

25 · Other liabilities

beginning of year $2,102,030 · end of year $1,163,904

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 $37,136,944 · end of year $40,537,027