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Co-op supports area schools through tax contributions


D


URING the fiscal year ending May 2011, Northeast Oklahoma Electric Cooperative paid gross receipts tax totaling $1,233,374.93—ninety-five percent of which went to the 34


schools in the cooperative’s service area. Not-for-profit electric cooperatives are exempt from paying federal income tax. However, they do pay fuel tax, both state and federal unem- ployment tax, Social Security, Medicare and gross receipts tax—in lieu of ad-valorem tax paid by for-profit utility companies. The gross receipts tax collected for a given year represents two percent of each member’s electric bill. Ninety-five percent of this tax is paid directly to schools within our service area, based on the miles of line the cooperative maintains within each school district. Five percent of the collected gross receipts tax is withheld by the state for collection and handling fees.


Principal recipients in the cooperative service territory are Grove and Jay Schools in Delaware County, which received $151,479.99 and $121,605.60, respectively. Next are Bluejacket and Welch Schools in Craig County, which accepted $72,979.81 and $71,279.76. The cooperative paid $93,865.89 more during this fiscal year than in the fiscal year prior.


By paying a percentage of the cooperative’s gross income to support area school districts, Northeast Oklahoma Electric Cooperative members are sharing in the responsibility of educating today’s youth. The chart provided at left details the school systems by county and the


amounts they received.


New general manager welcomed... (continued from page 3)


grandchildren’s school and sporting events.


He is excited about the opportunities that await at NEOEC. “Very much so,” he said. “I’ve had a lot of contact with the coopera- tive through my employment at GRDA. The company is thought of highly and its brand is strong in this area. I know there are a lot of good people working there and I am really looking forward to building a great working relationship with them.”


Due said his management style is simple. It revolves around teamwork and respect.


“I am a person who really likes to work with others. I place a lot value on teamwork. I think it’s very important that we respect each other and respect each other’s positions within the company.”


Due has a deep appreciation for the heart of the company—its mem- bers. His administration will promote involvement in cooperative service communities.


“My goals include respecting member needs by providing reliable


service and keeping the cost of service as low as possible in the current economy,” he said. “I will also focus on growing the company and staying abreast of ever-changing technological advances that also benefit our members.”


Total $1,171,706.20


February 2012 5


Northeast Oklahoma Electric Cooperative Gross Receipts Tax Recipients


Craig County Bluejacket Welch Vinita


Ketchum White Oak


Delaware County Grove Jay


Kansas Colcord Cleora


Moseley Leach Oaks


Kenwood


Mayes County Adair Pryor


Chouteau-Mazie Salina


Locust Grove Wickliffe Osage


Spavinaw


NowataCounty Oklahoma Union


Ottawa County Wyandotte Fairland Afton Miami


Quapaw


Commerce Turkey Ford


Rogers County Chelsea Inola


Sequoyah Foyil


$72,979.81 $71,279.76 $34,975.70 $29,513.12 $28,296.34


$151,479.99 $121,605.60 $54,557.85 $49,609.61 $22,921.72 $20,457.87 $16,001.01 $9,957.05 $7,694.09


$57,121.50 $33,720.98 $33,118.05 $31,524.27 $24,965.67 $11,915.89 $9,637.85 $7,267.38


$471.42


$59,775.32 $42,133.10 $30,873.26 $28,869.44 $28,074.36 $15,236.98 $14,080.01


$48,093.77 $2,477.76 $818.53 $201.14


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