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6 Kilowatt F AUGUST 2013 the


Treasurer’s Report


The financial records of Kiwash Electric Cooperative, Inc. were audited at the close of the year ending December 31, 2012, by an independent CPA firm. It was the auditor’s opinion that the financial statements fairly present, in all material respects, the financial position of the Cooperative. A condensed financial statement is printed here for your information.


— Virginia Walker, Secretary/Treasurer


StatemeNt Of INCOme aNd expeNSeS For the Years Ending December 31, 2012 and 2011


2012


OPERATING REVENUE Farm and Residential


WHAT WE RECEIVED


Commercial and Industrial Power Cost Adjustment Other Operating Revenue


Total Operating Revenue


OPERATING EXPENSES Purchased Power


HOW IT WAS SPENT


Operations and Maintenance Consumer Accounts


Administrative and General Depreciation and General Taxes


Interest Exp Other Deductions Total Operating Expenses


WHAT WE HAVE LEFT


OUR MARGINS Operating Margins and Patronage Capital


Non-Operating Margins Net Margins


$ 6,694,031 10,220,248 (13,695) 240,744


$ 17,141,328 2011


$ 7,404,360 9,619,670 269


223,656 $ 17,247,955


$ 11,780,053 1,458,767 507,267


1,032,174 749,091 333,897 695,367 1,954


$ 16,558,570


$ 11,990,473 1,243,522 506,936 987,008 704,238 335,534 701,554 2,282


$ 16,471,547


$


582,758 429,860


$ 1,012,618


$


776,408 366,169


$ 1,142,577


WHERE THE DOLLAR COMES FROM 1%


1% 1% 60% 60% 60% 39% 39% 39%


WHERE THE DOLLAR GOES


Farm and Residen2al Farm and Residen2al


Farm and Residen2al


Commercial and Industrial


Commercial and Industrial


Power Cost Adjustment


Power Cost Adjustment


Power Cost Adjustment


Commercial and Industrial


Other Opera2ng Revenue


Other Opera2ng Revenue


Other Opera2ng Revenue


3% 9% 71%


Administra8ve and General


Deprecia8on and General


Taxes Interest Exp


6% 5% 2% 4% Purchased Power


Opera8ons and Maintenance Consumer Accounts


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