This page contains a Flash digital edition of a book.
Page 3


ElectraLite


In compliance with the By-laws of Canadian Valley Electric Cooperative, Inc., the financial records were audited by the inde- pendent certified firm of Finley & Cook, PLLC, Certified Public Accountants, Shawnee for the year ending June 30, 2012. Your Board of Trustees closely monitors the income and expenses of your cooperative. They pay close attention to the level of mar- gins and equity reflected by financial statements. I herby submit the Statement of Operations and Balance Sheet for the fiscal year of July 1, 2011 to June 30, 2012


Revenue: Expenses: Purchased power


Operation & maintenance expense Consumer accounts


Customer service & information Administrative & general Depreciation Taxes


Interest long-term debt TOTAL


G&T Capital credits


Other patronage capital credits Margins and Patronage Capital


Statement of Operations Year ending June 30, 2012 2011


Total electric revenue


Non-operating income (expenses) TOTAL


57,464,281 -294,787


$57,169,494 42,116,974


5,218,899 1,307,245 331,180


1,307,952 2,835,253 1,150,366 2,253,820


$56,521,689 2,529,392 110,717


$3,287,914


Balance Sheet June 30, 2012


Assests:


Electric plant in service, less accumulated Depreciation of $36,487,223 Other property & investments Cash & cash investments


Consumer & accounts receivable net Materials and supplies Other assets TOTAL


Liabilities:


Membership patronage capital & other equities Long-term debt to RUS, CFC & COBANK Current maturities to RUS & CFC & COBANK Other non-current liabilities Notes payable


Accounts payable Consumer deposits


Other current liabilities TOTAL


$63,796,461 17,408,073 518,305


5,877,419 934,708 195,188


$88,730,154 $41,392,141


33,379,135 2,424,533 4,118,600 886,052


4,060,537 1,242,231 1,226,925


$88,730,154


FINANCIAL STATEMENT


BEGINNING BALANCE 6/30/12............$161,426.80 Deposits ..........................................................7,959.08 Interest Income ................................................... 8.04 Checks Issued ................................................-2,721.97 Approved, not yet paid ................................-10,723.00 BALANCE 7/31/12................................. $155,948.95


2012


59,160,894 -143,941


$59,016,953 43,141,257


4,778,071 1,373,739 284,286 1,382,655 2,969,656 1,199,028 2,297,585


$57,426,277 1,098,519 133,465


$2,822,660


SEPTEMBER 2012


Canadian Valley Electric Cooperative health fair is during the annual meeting Sept. 15 at the Shawnee Exposition Center. It is 10 a.m. to 1 p.m. on the 2nd floor of the expo’s conference center.


Oklahoma Blood Institute: Cholesterol Testing DON’T FORGET THE BLOOD DRIVE


Joe Wojciechowski with Lifeback Chiropractic of Shawnee and Prague: complimentary muscle relaxation


Optometrist Dr. Kirk Hoster and


Dr. Jordan Ewert: check visual acuity, check general health, cleaning, adjust- ing and repairing eye glasses


Prague Municipal Hospital: Vital


signs, blood pressure, pulse oximetry readings.


St. Anthony Health Center: Blood sugar check Bedlam Blood Drive


Canadian Valley Electric Cooperative and Oklahoma Blood Institute (OBI) are hosting a Bedlam blood drive on Saturday, September 15th, from 10 am until 1 pm. To show appreciation to our blood donors, each donor will receive an OU or OSU Bedlam Blood Donor T-Shirt, and free health screenings. The mini-physical includes a blood pressure check, iron check, and a free non-fasting cholesterol screening.


Cholesterol screening will also be made available for non-donors; this is a fasting cholesterol screening (lipid panel), which can provide more specific results for those that have known cholesterol concerns. Please note: to do- nate blood, you must have eaten a meal within the 6 hours prior to the blood drive, so you cannot have a fasting lipid panel done if you are planning to give blood. Results of these tests are made available in the Donor Connect section of OBI’s website (www.obi.org) approxi- mately 72 hours after collection and will be mailed ap- proximately one week after collection.


OBI provides every drop of blood needed by patients in over 150 medical facilities across the state, including all OKC metro area hospitals. More than 700 donors give blood each day to keep up with the demand. Since there is no substitute for human blood and supplies must be con- stantly renewed, the need for donation is great.


President’s report cont.


speak when others talk words. If it makes sense to do some- thing, we find a way. That is the American way. That is the essence of the American spirit. That is the cooperative way. In closing, I would like to thank: Tony Kidwell, Allen Kidwell, and the volunteers at the Pink Fire Department for reminding me what it is all about. For me, the United States Navy’s Seabee Motto sums it up just about right. With willing hearts and skillful hands; the difficult we do immediately, the impossible takes a bit longer. CAN DO!


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146