Form 990 for tax year 2024

2a · Program service revenue: ELECTRIC SALES

total $76,961,306 · related or exempt $76,961,306

3 · Investment income

total $60,777 · related or exempt $60,777

11a · Other revenue: G&T AND OTHER CAPITAL CREDITS

total $1,219,231 · related or exempt $1,219,231

11b · Other revenue: NON UTILITY OPERATIONS

total $229,493 · unrelated business $229,493

11e · Other revenue, total

$1,448,724

7 · Other salaries and wages

total $2,822,894

9 · Other employee benefits

total $1,032,635

11g · Fees: other

total $499,919

13 · Office expenses

total $969,494

16 · Occupancy

total $108,609

19 · Conferences, conventions and meetings

total $83,249

20 · Interest

total $3,350,413

22 · Depreciation, depletion and amortization

total $5,666,454

24a · Other expenses: COST OF POWER

total $45,655,868

24b · Other expenses: DISTRIBUTION OPERATIONS

total $4,625,147

24c · Other expenses: DISTRIBUTION MAINTENANC

total $4,266,469

24d · Other expenses: CONSUMER ACCOUNTS

total $1,826,439

24e · All other expenses

total $3,663,282

1 · Cash, non-interest-bearing

beginning of year $2,009,253 · end of year $1,393,496

4 · Accounts receivable

beginning of year $17,771,755 · end of year $15,183,912

8 · Inventories for sale or use

beginning of year $5,567,333 · end of year $5,405,747

9 · Prepaid expenses and deferred charges

beginning of year $461,270 · end of year $537,317

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

$173,821,029

10b · Land, buildings and equipment: accumulated depreciation

$53,678,679

10c · Land, buildings and equipment, net

beginning of year $114,549,795 · end of year $120,142,350

13 · Investments: program-related

beginning of year $28,215,174 · end of year $29,218,263

15 · Other assets

beginning of year $2,331,697 · end of year $2,082,565

17 · Accounts payable and accrued expenses

beginning of year $6,490,500 · end of year $6,278,946

18 · Grants payable

beginning of year $500,000 · end of year $500,000

23 · Secured mortgages and notes payable

beginning of year $70,971,062 · end of year $68,760,247

25 · Other liabilities

beginning of year $2,484,839 · end of year $2,478,863

29 · Capital stock, trust principal or current funds

beginning of year $149,605 · end of year $150,815

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 $90,310,271 · end of year $95,794,779