COMPARATIVE STATISTICS OF OPERATION
What We Received
2014 Operating Revenue and Patronage Capital Expenses Cost of Purchased Power
Distribution Expense - Operations Maintenance Expense
Consumer Accounts Expense
Customer Service & Information Expenses Administration & General Expenses Depreciation & Amortization Taxes
How It Was Spent
Interest Expenses - Long Term Debt Other Interest & Deductions Total Cost of Electric Service
Our Margins
Operating Margins & Patronage Capital Non-Operating Margins
What We Have Left
Other Capital Credits & Patronage Dividends Extraordinary Item
Total Operating & Non-Operating Margins CONSOLIDATED COOPERATIVE SUMMARY OF 2014 2014
Number of Meters Peak Demand (kW)
Date and Time of Peak Total Energy Sales (kWh) Total Asset Value New Plant
Total Revenues
Operating Margins Total Taxes Paid
Long-Term Debt as Percent of Plant Times Interest Earned Ratio (TIER)
35,882 178,777 2013 35,506 177,040
08/24/2014 @ 5 pm 08/31/2013 @ 5 p.m. 682,221,195 151,359,085 10,979,103 64,732,099 70,359
673,907,779 143,073,869 11,574,487 63,856,208 292,166
1,257,852 49.29% 2.09
1,239,508 48.36% 1.61
The books and financial statements of Verdigris Valley Electric Cooperative, Inc. are audited each year as of December 31. An audit for the year ended December 31, 2014 has been completed by the firm of Briscoe, Burke, & Grigsby, LLP, Certified Public Accountants, Tulsa, Oklahoma.
JImmy Lambert, Secretary-Treasurer, VVEC Board of Trustees 70,359 215,661
2,895,729 - 0 -
292,166 (847,942) 2,288,651 - 0 -
$3,181,749 $1,732,875
40,408,599 2,898,866 7,122,498 1,958,212 357,065
2,689,369 5,028,062 1,257,852 2,927,029 14,188
40,310,838 2,521,507 6,757,916 2,220,757 271,649
2,608,590 4,792,591 1,239,508 2,836,784 3,902
$64,661,740 $63,564,042 2013 $64,732,099 $63,856,208
PowerCircuit • October 2015 • 7
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