Form 990 for tax year 2023

2a · Program service revenue: SALE OF ELECTRICITY

total $179,227,359 · related or exempt $179,227,359

2b · Program service revenue: PROG. RELATED INV. - CFC INTEREST

total $309,226 · related or exempt $309,226

3 · Investment income

total $1,095,058 · unrelated business -$13,831 · excluded $1,108,889

6a · Gross rents

real property $26,765

6b · Less rental expenses

real property $74,317

6c · Rental income or loss

real property -$47,552

6d · Net rental income or loss

total -$47,552 · excluded -$47,552

7b · Less cost or other basis and sales expenses

other assets $66,795

7c · Gain or loss

other assets -$66,795

7d · Net gain or loss

total -$66,795 · excluded -$66,795

11a · Other revenue: OTHER CAPITAL CREDITS & ALLOCATIO

total $218,427 · related or exempt $218,427

11b · Other revenue: ALLOWANCE FOR FUNDS USED IN CONST

total $71,162 · related or exempt $71,162

11c · Other revenue: OTHER INCOME

total $31,197 · related or exempt $31,197

11e · Other revenue, total

$320,786

5 · Compensation of officers, directors and key employees

total $2,375,548

7 · Other salaries and wages

total $12,267,464

8 · Pension plan contributions

total $4,081,167

9 · Other employee benefits

total $1,144,929

10 · Payroll taxes

total $778,830

11b · Fees: legal

total $189,461

11c · Fees: accounting

total $104,942

11g · Fees: other

total $2,712,696

12 · Advertising and promotion

total $2,500

13 · Office expenses

total $679,749

16 · Occupancy

total $4,217,083

19 · Conferences, conventions and meetings

total $45,385

20 · Interest

total $23,205,855

22 · Depreciation, depletion and amortization

total $25,241,114

23 · Insurance

total $1,367,665

24a · Other expenses: FUEL FOR GENERATION

total $42,245,703

24b · Other expenses: POWER INTERCHANGED

total $22,050,434

24c · Other expenses: POWER GENERATION EXPENS

total $17,258,746

24d · Other expenses: MAINTENANCE

total $14,291,032

1 · Cash, non-interest-bearing

beginning of year $5,419,059 · end of year $2,546,496

4 · Accounts receivable

beginning of year $17,728,386 · end of year $17,749,373

8 · Inventories for sale or use

beginning of year $22,405,222 · end of year $28,818,999

9 · Prepaid expenses and deferred charges

beginning of year $82,095,070 · end of year $86,029,504

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

$868,182,493

10b · Land, buildings and equipment: accumulated depreciation

$355,854,104

10c · Land, buildings and equipment, net

beginning of year $521,801,560 · end of year $512,328,389

12 · Investments: other securities

beginning of year $537,540 · end of year $539,061

13 · Investments: program-related

beginning of year $9,925,022 · end of year $9,720,314

15 · Other assets

beginning of year $10,528,896 · end of year $10,022,975

17 · Accounts payable and accrued expenses

beginning of year $20,195,204 · end of year $15,432,317

19 · Deferred revenue

beginning of year $20,048,311 · end of year $20,891,360

23 · Secured mortgages and notes payable

beginning of year $481,142,908 · end of year $467,711,789

25 · Other liabilities

beginning of year $11,449,922 · end of year $19,537,456

29 · Capital stock, trust principal or current funds

beginning of year $700 · end of year $700

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 $137,603,710 · end of year $144,181,489