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Comparative Statistics Of Operation


WHAT WE RECEIVED


2011 Operating Revenue and Patronage Capital Expenses Cost of Purchased Power


Distribution Expense - Operations Maintenance Expense


Consumer Accounts Expense


Customer Service & Information Expenses Administration & General Expenses Depreciation & Amortization Taxes


HOW IT WAS SPENT


Interest Expenses - Long Term Debt Other Interest & Deductions


Total Cost of Electric Service Our Margins


Operating Margins & Patronage Capital Non-Operating Margins


WHAT WE HAVE LEFT


Other Capital Credits & Patronage Dividends Extraordinary Item


Total Operating & Non-Operating Margins


1,449,752 273,977


2,479,095 -0-


$4,202,824


1,213,621 (661,271) 2,467,498 -0-


$3,019,848


39,550,916 1,836,522 6,186,887 2,312,125 199,506


2,246,521 3,853,015 1,194,167 2,835,612 -0-


39,152,787 2,201,432 6,247,377 2,277,960 256,261


2,471,105 4,277,575 1,204,434 2,771,307 2434


$60,215,271 $60,862,672 $61,665,023 2012 $62,076,293


Consolidated Cooperative Summary of 2012 2011


Number of Meters Peak Demand (kW)


Date and Time of Peak Total Energy Sales (kWh) Total Asset Value New Plant


Total Revenues


Operating Margins Total Taxes Paid


Long-Term Debt as Percent of Plant Times Interest Earned Ratio (TIER)


34,856 198,031


08/2/2011 @ 6 p.m. 672,055,015 122,852,188 6,614,524 61,665,023 1,449,752 1,194,167 49.04% 2.48


2012 35,098 202,123


08/2/2012 @ 6 p.m. 652,640,466 133,751,505 13,418,091 62,076,293 1,213,621 1,204,434 50.57% 2.09


The books and financial statements of Verdigris Valley Electric Cooperative, Inc. are audited each year as of December 31. An audit for the year ended December 31, 2012 has been completed by the firm of Briscoe, Burke, & Grigsby, LLP, Certified Public Accountants, Tulsa, Oklahoma.


Vernon Lewis Secretary-Treasurer, VVEC Board of Trustees


PowerCircuit • October 2013 • 7


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