financial statements Kiamichi Electric Cooperative, Inc.


Statements of Revenue and Patronage Capital For the years ended June 30, 2014 and 2013


2014 Operating revenues


Operating expenses: Cost of power


Distribution expense - operation Distribution expense - maintenance Consumer accounts


Customer service and information Administration and general Depreciation and amortization Interest


Other interest and deductions Total operating expenses Net operating margins


Non-operating margins: Interest and dividend income


Other income Net non-operating margins


Capital credits G & T capital credits


Other cooperative capital credits Total capital credits


Net margins for the year


Patronage capital - beginning of year Retirement of patronage capital


Patronage capital - end of year $40,400,594


25,613,797 1,217,592 3,573,346 1,609,881 168,072


2,171,078 2,846,520 1,735,320 34,679


$38,970,285 $1,430,309


$30,889 41,480


$72,369


$1,190,424 430,506


$1,620,930 $3,123,608


$26,701,826 -775,615


$29,049,819 2013 $36,342,358


22,787,785 1,129,976 4,217,723 1,565,702 159,220


2,027,987 2,748,357 1,571,070 28,156


$36,235,976 $106,382


$30,823 74,771


$105,594


$780,741 417,314


$1,198,055 $1,410,031


$26,081,170 -789,375


$26,701,826


As a member and owner of Kiamichi Electric Cooperative (KEC) you are encouraged to review your cooperative’s financial statements. In accordance with cooperative bylaws, Kiamichi Electric Cooperative publishes year-end financial statements prior to the Kiamichi Electric Cooperative Annual Meeting.


Light Post | september - october 2014 | 5


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