Financial Statement
Year 2009 Treasurer's Reports
| Financial Report |
| December 31, 2009 |
|
|
|
|
| ASSETS (What We Own) |
|
|
|
|
| Cash on Hand |
|
|
$ |
630,458 |
| Accounts Receivable |
|
|
$ |
3,154,115 |
| Temporary Investments |
|
|
$ |
1,014,083 |
| Materials & Supplies |
|
|
$ |
598,779 |
| Equity in Other Co-ops/Organizations |
|
|
$ |
9,056,267 |
| Misc. Assets |
|
|
$ |
91,484 |
| Utility Plant |
$ |
73,471,611 |
|
|
| Less Depreciation |
$ |
(24,923,575) |
|
|
| Depreciated Value: Utility Plant |
|
|
$ |
48,548,036 |
| TOTAL ASSETS |
|
|
$ |
63,093,222 |
| |
|
|
|
|
| LIABILITIES (What We Owe) |
|
|
|
|
| Balance on Loans |
|
|
$ |
30,364,544 |
| Notes Payable |
|
|
$ |
0 |
| Accounts Payable |
|
|
$ |
1,603,711 |
| Consumer Deposits |
|
|
$ |
988,687 |
| Misc. Liabilities |
|
|
$ |
662,664 |
| TOTAL LIABILITIES |
|
|
$ |
33,619,606 |
| |
|
|
|
|
| NET WORTH (Members' Share) |
|
|
|
|
| Memberships |
|
|
$ |
259,205 |
| Capital Credits |
|
|
$ |
28,246,995 |
| Current Margins & Equities |
|
|
$ |
967,416 |
| TOTAL NET WORTH |
|
|
$ |
29,473,616 |
| |
|
|
|
|
| TOTAL LIABILITIES & NET WORTH |
|
|
$ |
63,093,222 |
| |
|
|
|
|
Statement of Income & Expenses
|
| For year ended December 31, 2009 |
|
|
|
|
| TOTAL INCOME FOR 2009 |
|
|
$ |
27,164,050 |
| |
|
|
|
|
EXPENSES
|
|
|
|
|
| Cost of Power |
|
|
$ |
15,047,966 |
| Maintenance & Operations |
|
|
$ |
7,941,014 |
| Depreciation |
|
|
$ |
2,087,451 |
| Interest |
|
|
$ |
1,629,149 |
| Other Deductions |
|
|
$ |
40,234 |
| Total Expenses |
|
|
$ |
26,745,814 |
| |
|
|
|
|
OPERATING MARGIN |
|
|
$ |
418,236 |
| |
|
|
|
|
| NET WORTH OF CO-OP AS OF DEC. 31, 2009 |
|
|
|
|
| Total Assets |
|
|
$ |
63,093,222 |
| Total Liabilities |
|
|
$ |
33,619,606 |
| Net Amount Owned by Members |
|
|
$ |
29,473,616 |
|
