For the Years Ending December 31, 2015 and 2016 Operating Revenue


Cost of Electric Service Cost of Purchased Power Distribution Expense Consumer Accounts Expense Administrative and General Expense


Total Operating Expense


Depreciation Tax Expense - Gross Receipts & Franchise Tax Interest Expense


Total Cost of Electric Service


Operating Margins Non-Operating Margins - Interest Income (Loss) from Equity Investments Non-Operating Margins Patronage Allocations


Patronage Capital or Margins


COMPARATIVE STATEMENT OF OPERATIONS 2015


$32,781,245


19,626,816 4,112,278 1,017,585 2,087,492 $26,844,171


2,790,037 754,688 1,739,305 $32,128,201


653,045 95,547 0


27,214


1,452,318 $2,228,124


BALANCE SHEET for year ending December 31, 2016 ASSETS


Utility Plant............................................................... $92,398,999 Less Accumulated Depreciation ........................... 28,116,122 Net Utility Plant.................................................... 64,282,877


Other Property & Investments Investments in Associated Organizations ............. 14,066,231 Other Investments........................................................ 84,020 Total Other Property & Investments ....................... 14,150,251


Current Assets Cash and Temporary Investments........................... 1,680,576 Accounts Receivable .............................................. 2,676,244 Materials & Supplies ................................................. 789,452 Pre-Payments ............................................................. 129,695 Other Current and Accrued Assets............................. 847,825


Total Current & Accrued Assets................................. 6,123,792 Deferred Charges......................................................... 1,833,680 Total Assets ............................................................... $86,390,600


2016 $32,252,444


18,757,556 3,858,023 1,093,378 2,377,867 $26,086,824


3,015,227 721,771 1,817,886 $31,641,708


610,737 72,031 0


61,156


1,105,663 $1,849,587


LIABILITIES


Ownership & Liabilities Equities and Margins .............................................. 4,074,222 Memberships......................................................................... 0 Patronage Capital.................................................. 26,321,029 Total Margins & Equities.......................................... 30,395,251


Liabilities Long-Term Debt, RUS & CFC............................. 49,327,168


Current Liabilities Notes Payable to Associated Organizations............ 2,500,000 Accounts Payable.................................................... 2,062,468 Consumer Deposits...................................................... 77,135 Current Maturities Long-Term Debt....................... 1,674,640 Other Current and Accrued Liabilities....................... 248,229 Total Current & Accrued Liabilities .......................... 6,562,472


Deferred Credits.............................................................. 105,709 Total Liabilities .......................................................... 86,390,600


Financial reports are reviewed annually by an independent auditing firm. 2016 Annual Report 5


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