Form 990 for tax year 2023

2a · Program service revenue: ELECTRICITY SALES

total $127,504,316 · related or exempt $127,504,316

3 · Investment income

total $1,162,389 · related or exempt $1,162,389

6a · Gross rents

personal property $2,995,077

6c · Rental income or loss

personal property $2,995,077

6d · Net rental income or loss

total $2,995,077 · excluded $2,995,077

11a · Other revenue: FIBER LEASE

total $4,116,521 · unrelated business $4,116,521

11b · Other revenue: MISCELLANEOUS

total $627,695 · related or exempt $627,695

11e · Other revenue, total

$4,744,216

7 · Other salaries and wages

total $9,141,719 · program services $9,141,719

8 · Pension plan contributions

total $1,731,280 · program services $1,731,280

10 · Payroll taxes

total $8,492 · program services $8,492

13 · Office expenses

total $632,343 · program services $632,343

20 · Interest

total $4,501,754 · program services $4,501,754

22 · Depreciation, depletion and amortization

total $11,147,918 · program services $11,147,918

23 · Insurance

total $457,380 · program services $457,380

24a · Other expenses: COST OF ELECTRICITY

total $94,672,526 · program services $94,672,526

24b · Other expenses: DISTRIBUTION/MAINTENANCE

total $3,483,328 · program services $3,483,328

24c · Other expenses: ACCOUNTING AND COLLECTION

total $2,559,190 · program services $2,559,190

24d · Other expenses: DISTRIBUTION/OPERATING

total $1,547,593 · program services $1,547,593

24e · All other expenses

total $2,604,656 · program services $2,604,656

1 · Cash, non-interest-bearing

beginning of year $1,777,237 · end of year $373,051

2 · Savings and temporary cash investments

beginning of year $2,147,854 · end of year $2,249,996

4 · Accounts receivable

beginning of year $13,453,186 · end of year $14,980,993

7 · Other notes and loans receivable

beginning of year $339,321 · end of year $190,529

8 · Inventories for sale or use

beginning of year $3,596,500 · end of year $3,957,761

9 · Prepaid expenses and deferred charges

beginning of year $536,485 · end of year $542,651

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

$381,793,408

10b · Land, buildings and equipment: accumulated depreciation

$151,693,403

10c · Land, buildings and equipment, net

beginning of year $223,710,917 · end of year $230,100,005

12 · Investments: other securities

beginning of year $4,355,585 · end of year $4,987,284

15 · Other assets

beginning of year $9,909,576 · end of year $8,638,521

17 · Accounts payable and accrued expenses

beginning of year $11,903,587 · end of year $12,143,106

23 · Secured mortgages and notes payable

beginning of year $92,280,419 · end of year $90,016,970

24 · Unsecured notes and loans payable

end of year $2,200,000

25 · Other liabilities

beginning of year $33,171,045 · end of year $35,268,046

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

beginning of year $4,449,887 · end of year $4,453,127

31 · Retained earnings, endowment or other funds

beginning of year $118,021,723 · end of year $121,939,542