Financial Statement
Year 2007 Treasurer's Reports
| Financial Report |
| December 31, 2007 |
|
|
|
|
| ASSETS (What We Own) |
|
|
|
|
| Cash on Hand |
|
|
$ |
398,031 |
| Accounts Receivable |
|
|
$ |
2,944,894 |
| Temporary Investments |
|
|
$ |
900,000 |
| Materials & Supplies |
|
|
$ |
624,908 |
| Equity in Other Co-ops/Organizations |
|
|
$ |
8,998,776 |
| Misc. Assets |
|
|
$ |
68,107 |
| Utility Plant |
$ |
68,585,648 |
|
|
| Less Depreciation |
$ |
(22,267,936) |
|
|
| Depreciated Value: Utility Plant |
|
|
$ |
46,317,712 |
| TOTAL ASSETS |
|
|
$ |
60,252,428 |
| |
|
|
|
|
| LIABILITIES (What We Owe) |
|
|
|
|
| Balance on Loans |
|
|
$ |
28,601,593 |
| Notes Payable |
|
|
$ |
0 |
| Accounts Payable |
|
|
$ |
1,375,237 |
| Consumer Deposits |
|
|
$ |
878,362 |
| Misc. Liabilities |
|
|
$ |
1,066,739 |
| TOTAL LIABILITIES |
|
|
$ |
31,921,931 |
| |
|
|
|
|
| NET WORTH (Members' Share) |
|
|
|
|
| Memberships |
|
|
$ |
253,780 |
| Capital Credits |
|
|
$ |
27,013,669 |
| Current Margins & Equities |
|
|
$ |
1,063,048 |
| TOTAL NET WORTH |
|
|
$ |
28,330,497 |
| |
|
|
|
|
| TOTAL LIABILITIES & NET WORTH |
|
|
$ |
60,252,428 |
| |
|
|
|
|
Statement of Income & Expenses
|
| For year ended December 31, 2007 |
|
|
|
|
| TOTAL INCOME FOR 2007 |
|
|
$ |
24,844,600 |
| |
|
|
|
|
EXPENSES
|
|
|
|
|
| Cost of Power |
|
|
$ |
13,110,379 |
| Maintenance & Operations |
|
|
$ |
7,698,315 |
| Depreciation |
|
|
$ |
1,946,013 |
| Interest |
|
|
$ |
1,420,552 |
| Other Deductions |
|
|
$ |
1,732 |
| Total Expenses |
|
|
$ |
24,176,991 |
| |
|
|
|
|
OPERATING MARGIN |
|
|
$ |
667,609 |
| |
|
|
|
|
| NET WORTH OF CO-OP AS OF DEC. 31, 2007 |
|
|
|
|
| Total Assets |
|
|
$ |
60,252,428 |
| Total Liabilities |
|
|
$ |
31,921,931 |
| Net Amount Owned by Members |
|
|
$ |
28,330,497 |
|
