For the year ending December 31, 2015


OPERATING REVENUE: Residential Irrigation


Small commercial Large commercial


Public street & highway lighting Miscellaneous service revenue


Total operating revenue


OPERATING EXPENSES: Purchased power


Distribution expense - operation Distribution expense - maintenance Administrative and general expense


Consumers’ accounting and collection expense Energy conservation / utilization Depreciation Tax expense


Interest expense on long-term debt Other deductions


Total operating expenses


Operating margins (patronage capital) for the year Non-operating margins (patronage capital) for the year Western Farmers & other patronage capital for the year


Net margins


STATEMENT OF REVENUE AND EXPENSES 2015 ANNUAL MEETING


$8,130,910 329,767


5,317,603 7,625,974 3,674


91,503 $21,499,431


$13,670,266 1,441,380 1,373,224 1,257,174 759,393 108,754


1,386,986 3,887


1,289,600 8,476


$21,299,140


$200,291 -74,363 932,862


$1,058,790


RATIO OF OPERATING EXPENSES* Purchased power


Oper., Maint., & Adm. Consumers’ Acc’t. & Coll. Energy Conserv. / Utilizat. Depreciation Taxes


Interest Other


*All percentages rounded to nearest 1%


64% 19% 4% 1% 7% 0% 6% 0%


RATIO OF OPERATING REVENUE* Residential Irrigation


Small commercial Large commercial


St. & Highway lighting Misc. service revenue


38% 2%


25% 35% 0% 0%


Page 6 Northfork Electric Cooperative, Inc.


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