Financial Statements

Financial Statements

BALANCE SHEET

 

2011

2012

ASSETS

 

 

Plant and Equipment

$18,005,284

$21,525,128

Less Depreciation

-10,352,650

-10,539,431

Net Book Value

$7,652,634

$10,985,697

Restricted Funds

4,707,713

6,896,511

General Funds

826,700

281,236

Accounts Receivable

691,472

738,278

Materials & Supplies

605,118

683,317

Other Assets

26,838

34,813

Total Assets

$14,540,475

$19,619,852

 

 

 

LIABILITIES & CAPITAL

 

 

Long Term Debt to RUS

$12,374,000

$13,874,000

Less Regular Payments

-9,638,896

-11,290,685

Less Advance Payments

-178,064

-126,726

Net Long Term Debt

$2,557,040

$2,456,589

Member Equities

11,241,506

11,618,159

Other Current Liabilities

701,929

5,545,104

Total Liabilities & Member Equities

$14,540,475

$19,619,852

 

INCOME STATEMENT

 

2011

2012

OPERATING REVENUE

 

 

Operating Revenue & Patronage Capital

$6,977,945

$7,625,962

Other Sources

454,094

260,906

Total Operating Revenue

$7,432,039

$7,886,868

 

 

 

EXPENSES

 

 

Purchased Power

$4,123,477

$5,012,420

Transmission/Distribution

953,169

980,954

Administration

614,011

704,477

Taxes

69,931

86,078

Interest

129,094

129,614

Depreciation

464,415

471,758

Total Operating Expenses

$6,354,097

$7,385,301

 

 

 

Net Operating Margin

$623,848

$240,661

Other Incomes

153,626

(5,280)

Other Capital Credits

14,385

18,446

Capital Credits Allocated to Niobrara Electric

286,083

247,740

TOTAL MARGINS

$1,077,942

$501,567