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Independent Accountants’ Report On Financial Statements
Independent Accountants’ Report on Financial Statements
Board of Trustees Tri-County Electric Cooperative, Inc. Hooker, Oklahoma
Board of Trustees Tri-County Electric Cooperative, Inc. Hooker, Oklahoma
We have audited the accompanying balance sheets of Tri-County Electric Cooperative, Inc. (the Cooperative) as of December 31, 2011 and 2010, and the related statements of margins and patronage capital and cash flows for the years then ended. These financial statements are the responsibility of the Cooperative’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
Board of Trustees Tri-County Electric Cooperative, Inc. Hooker, Oklahoma
We conducted our audits in accordance with auditing standards generally accepted in the United States o America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit al includes assessing the accounting principles used and significant estimates made by management, as we as evaluating the overall financial statement presentation. We believe that our audits provide a reasonab basis for our opinion.
We have audited in accordance with auditing standards generally accepted in the United States of America the financial statements of Tri-County Electric Cooperative, Inc. (the Cooperative) as of and for the year ended December 31, 2012, and have issued our report, theron dated, February 19, 2013. During the year ended December 31, 2012, the Cooperative received $0 in long-term loan fund advances from the National Rural Utilities Cooperative Finance Corporation (NRUCFC) on loans controlled by the 100% Mortgage and Loan Agreement.
Independent Accountants’ Report on Financial Statements
We have audited the accompanying balance sheets of Tri-County Electric Cooperative, Inc. (the Cooperative) as of December 31, 2011 and 2010, and the related statements of margins and patronage capital and cash flows for the years then ended. These financial statements are the responsibility of the Cooperative’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
BKD, LLP
February 19, 2013 February 17, 2012
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Tri-County Electric Cooperative, Inc., as of December 31, 2011 and 2010, and the results of its operations and cash flows for the years then ended in conformity with accounting principle generally accepted in the United States of America.
This report is intended solely for the information and use of management, the Board of Trustees and others within the Cooperative and NRUCFC and is not intended to be and should not be used by anyone other than these specified parties.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Tri-County Electric Cooperative, Inc., as of December 31, 2011 and 2010, and the results of its operations and cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
February 17, 2012
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