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Cimarron Electric Cooperative


November 2013 www.cimarronelectric.com


Cimarron Members Contribute Over 1.2 Million to Schools!


There are many advantages to being a member of an electric cooperative, including the signifi- cant positive impact it can have on your commu- nity.


Schools in the Cimarron Electric Co-op service area get a big boost each year from the gross receipts tax paid by the cooperative members.


In Oklahoma, a 2 percent gross receipts tax on revenue at the wholesale level and a 2 percent gross receipts tax at the retail level is levied upon electric cooperatives in lieu of ad valorem tax. All but 5 percent of that money goes direct- ly back to school districts in the areas they serve.


On the wholesale level, we are taxed 2 percent when Western Farmers Electric Cooperative (WFEC) sells electricity to Cimarron Electric. We pay another 2 percent tax at the retail level when we sell the electricity to you, our members.


Cimarron’s Office will be closed on Nov. 28th & 29th for Thanksgiving.


Veteran’s Day is being observed on the Friday following Thanksgiving rather then the traditional November 11th holiday.


Schools in the Cimarron Electric service area are receiving 95 percent of the tax money. This past year, over $1,289,000 was collected. The OK Tax Commission distributed over $1,224,000 to the 30 schools served by Cimarron Electric and WFEC.


The Oklahoma Tax Commission oversees the apportionment of the gross receipts tax. The amount paid to each school is based upon the number of miles of power lines that Cimarron Electric Cooperative and Western Farmers Elec- tric Cooperative have in each school district.


WFEC, Oklahoma’s largest locally owned power supply system, is a generation and transmission cooperative owned by 22 distribution coopera- tives, including Cimarron Electric Cooperative.


See page 2 for the dollar amount your school received from Cimarron Electric Cooperative


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