This page contains a Flash digital edition of a book.
LIVEWIRE | PAGE 5


NEW


Tax benefits local schools


FACILITY Building upon a


solid foundation BY ERIN MOORE, Member Solutions Coordinator


BY JULIANN GRAHAM, CCC, communications coordinator I NEW FACILITY CONSTRUCTION SITE ON JULY 9


In July, work on the foundation of the cooperative’s new headquarters and warehouse started. Thankfully, progress was slowed due to much needed rain. Members will start to see visible progress as the shape of the building will become apparent in the coming months.


The summer storm highlights a significant weakness with TCEC’s current buildings. We did not have a single location large enough to accommodate a meeting with the eight additional crews who came to assist with recovery. Communication during a disaster is pivotal to ensuring smooth operations and speedier recovery.


The new facility will be large enough for all employees and any additional crews to meet during disaster recovery efforts. When the power goes out, our number one goal is to smoothly coordinate the recovery of power for members. Our new facility will enhance our ability to respond and meet the needs of our members when a storm rolls in.


Visit www.tcec.coop for more new facility details and to see live photos of the action at the construction site. Email any questions to info@tcec.coop. „


n 2013, TCEC members with service in Oklahoma contributed more than $1.6 million to local secondary schools through the state’s gross receipts tax. Tis two percent tax appears on electric bills under the ‘other taxes’ line item. Te tax is allocated based on the number of miles of electric line in the school district.


Te gross receipts tax directly benefits local schools in the cooperative’s service territory, with 95 percent of funds collected being distributed to them. Te remaining 5 percent goes toward the state’s administrative costs. Tis is yet another way electric cooperatives and their members support local youth. See the chart on this page showing how the Oklahoma gross receipts tax collected in 2013 was allocated. Schools the cooperative serves in Kansas and Texas are not included because the tax is for the state of Oklahoma only.


TCEC pays gross receipts taxes collected from its members to the Oklahoma Tax Commission every year. In 2013, the cooperative paid taxes on 4,816 miles of line, or $351.11 per mile of line. Zac Perkins, assistant general manager, said the Tax Commission is responsible for allocating and distributing the funds to schools. Schools may use these funds in a variety of ways, but local school boards have the final say in how the money is spent.


“Cooperatives are pleased to pay this tax because it benefits our local schools,” Perkins said. “Tese funds help provide a better learning environment and education for our youth. While we may grumble about other taxes, we know this one directly benefits our rural communities.”


While not-for-profit electric cooperatives like TCEC are exempt from paying federal income tax, they do pay other taxes, including: fuel tax, state and federal unemployment tax, Social Security, and Medicare. Of course, they also pay the gross receipts tax which is in lieu of the ad-valorem tax paid by for-profit utility companies. „


School Balko


Beaver


Boise City Felt


Forgan


Goodwell Guymon Hardesty


2013 OKLAHOMA GROSS RECEIPTS TCEC TAX ALLOCATION Dollars School


Miles


542 $180,874 Hooker 292 597 253 215 197 451 237


$100,957 Keyes


$209,589 Optima $88,748 Straight $75,558 Texhoma $68,537 Turpin $158,020 Tyrone


$83,203 Yarbrough


Miles 373


Dollars $128,311


282 $99,284 76


167 224


$27,249 $58,712 $78,417


445 $156,277 93


$32,614 412 $144,624


TOTAL......................................................................... 4,816 $1,690,975 TCEC MEMBERS CONTRIBUTED MORE THAN $1.6 MILLION TO LOCAL SCHOOLS IN 2013.


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  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174