System Statistics
BALANCE SHEET
Financial Report as of December 31, 2008
Assets
- We have cash in banks, invested, and on hand … $ 1,918,551
- We have owing to us from members and others … 4,763,470
- Our stock of materials and supplies cost us … 1,006,429
- Advance payments of insurance and deferred debits, etc. amounts to … 3,538,451
- Total cost of system … $ 107,062,905
- We estimate it has depreciated … (36,081,569)
- Net value of system …70,981,336
- We have in associated organizations and special funds invested … 2,746,934
- We have owing to our members for capital credits allocated to us … 1,035,551
- Total assets … $ 85,990,723
Liabilities
- We owe REA and CFC … $ 15,885,582
- Meter deposits … 57,565
- We owe for materials and supplies, taxes, etc. … 3,686,989
- We owe for future liabilities … 2,785,634
- Construction advances … 2,475,495
Patrons’ and Members’ Equity
- Patronage capital … 60,498,251
- Other margins and equities … 601,207
- Total margins and equities … 61,099,457
- Total liabilities … $ 85,990,723
RECEIPT AND EXPENSE REPORT
- Receipts … $ 54,240,360
- Expenses:
- Power costs … $ 35,202,930
- Operating and maintaining system … 9,169,831
- Taxes … 1,813
- Interest … 1,061,738
- Other expenses … 179,243
- Total expenses … (45,615,554)
- What was left over … 8,624,806
- We provided for depreciation … (3,086,651)
- Leaving an operating margin of … 5,538,154
- Capital credits from others … 361,101
- Income/Loss from Equity Investments … (56,525)
- Non-operating margins – interest and other … 311,606
- Total margins … $ 6,154,336
COMPARATIVE OPERATING STATISTICS
| 2008 | 2007 | 2006 | 2005 | 2004 | ||
|---|---|---|---|---|---|---|
| KWH Purchased… | 640,076,309 | 592,744,941 | 570,744,451 | 536,935,341 | 522,264,717 | |
| KWH Sold… | 605,514,518 | 564,487,422 | 542,676,560 | 511,510,725 | 494,938,567 | |
| Percent Line Loss… | 5.4% | 4.77% | 4.92% | 4.74% | 5.23% | |
| Average Number of Consumers… | 25,898 | 25,410 | 24,906 | 24,263 | 23,718 | |
| Miles of Line… | 2,827 | 2,806 | 2,744 | 2,754 | 2,711 | |
| Consumers Per Mile… | 9.16 | 9.05 | 9.08 | 8.9 | 8.75 | |
| Average Return per KWH Sold… | 8.88¢ | 8.33¢ | 8.5¢ | 8.6¢ | 7.99¢ | |
| Total Revenue… | $54,240,360 | $47,478,774 | $46,625,281 | $44,194,212 | $39,757,161 | |
| Total Tax Paid… | $1,019,766 | $993,924 | $1,021,822 | $1,021,538 | $947,933 | |
| Power Cost as % of Electric Sales… | 65.5% | 59.8% | 60.8% | 61.5% | 59.1% | |
| Principal Paid on Debt… | $1,567,875 | $1,522,186 | $1,522,534 | $1,516,972 | $1,476,887 | |
| Total Utility Plant… | $107,062,905 | $98,077,755 | $89,705,125 | $88,386,255 | $86,390,537 | |
| Total Margins | $6,154,336 | $6,540,605 | $2,942,870 | $5,784,437 | $6,086,428 | |
| Member Equity | 71.1% | 66.6% | 63.5% | 62.1% | 61.2% |
HIGHLIGHTS OF OPERATIONS
New Construction and System Improvements
- Miles of Line Built … 23
- New Security Lights … 11
- New Services Installed … 337
- Services Uprated … 21
Operations and Maintenance
- Average Outage Minutes Per Month Per Consumer … 15
- Consumers Per Employee … 411
- Meter Orders Processed (Connects, Disconnects and Changes) … 10,477
- Meters Read Each Month … 25,734
- Meters Tested … 2,561
- Miles of Distribution Line Patrolled … 285
- Miles of Transmission Line Patrolled … 311
- Number Customer Work Orders Written … 641
- Number Poles Inspected … 0
- UG Cable Locations … 4,876
- UG Dig-Ins Repaired … 21
