Annual Report 2006
Balance Sheet
Assets And Other Debits
| |
2006 |
2005 |
| Electric Plant in Service |
$ 313,662,558 |
$ 298,125,649 |
| Construction Work in Progress-Electric |
5,283,751 |
3,082,593 |
| Total Electric Utility Plant |
318,906,309 |
301,208,242 |
| Accumulative Depreciation-Electric |
143,864,382 |
136,955,174 |
| Net Electric Utility Plant |
$ 175,041,927 |
$ 164,253,068 |
| Gas Plant in Service |
$ 73,477,918 |
$ 72,314,715 |
| Construction Work in Progress-Gas |
480,068 |
306,460 |
| Total Gas Utility Plant |
73,957,986 |
72,621,175 |
| Accumulative Depreciation-Gas |
32,938,499 |
31,214,607 |
| Net Gas Utility Plant |
$ 41,019,487 |
$ 41,406,568 |
| Net Utility Plant-Combined |
$ 216,061,414 |
$ 205,659,636 |
| Investment Patronage Capital |
3,083,421 |
2,845,435 |
| Investment Non-General Funds |
6,972,434 |
7,144,619 |
| Other Investments |
10,272,262 |
17,772,653 |
| Total Other Property & Investments |
$ 20,328,117 |
$ 27,762,707 |
| Cash-General Funds |
$315,448 |
$1,019,808 |
| Notes Receivable-Net |
|
43 |
| Accounts Receivable-Net |
22,278,772 |
24,724,906 |
| Materials & Supplies |
8,402,152 |
5,602,001 |
| Prepayments |
401,270 |
413,896 |
| Other Current & Accrued Assets |
678,221 |
911,038 |
| Total Current & Accrued Assets |
$ 32,075,863 |
$ 32,671,692 |
| Deferred Debits |
$ 1,210,440 |
$ 213,787 |
| Total Assets & Other Debits |
$ 269,675,834 |
$ 266,307,822 |
Liabilities and Other Credits
| |
2006 |
2005 |
| Patronage Capital |
$ 83,999,838 |
$ 80,533,943 |
| Operating Margins-Current Year |
6,440,316 |
3,346,470 |
| Non-Operating Margins |
2,850,074 |
2,262,036 |
| Other Margins & Equities |
4,636,397 |
5,240,896 |
| Total Margins & Equities |
$ 97,926,625 |
$ 91,383,345 |
| Long Term Debt |
$ 128,122,153 |
$ 129,968,936 |
| Notes Payable |
$ 24,685,683 |
$ 24,288,597 |
| Accounts Payable |
10,629,793 |
11,762,239 |
| Consumer Deposits |
796,605 |
627,187 |
| Other Current & Accrued Liabilities |
4,984,113 |
5,142,639 |
| Total Current & Accrued Liabilities |
$ 41,096,224 |
$ 41,820,662 |
| Deferred Credits |
$ 2,530,832 |
$ 3,134,879 |
| Total Liabilities & Other Credits |
$ 269,675,834 |
$ 266,307,822 |
| Margins & Equities As % of Assets |
36.31% |
34.31% |
| Long Term Debt As % of Plant |
32.61% |
34.77% |
Patrons' Equity
Years Ended December 31, 2006 and 2005
| |
Patronage
Capital
Assigned |
Patronage
Capital
Unassigned |
Total
Other
Equities |
Patrons'
Equity |
| Balance at December 31, 2005 |
$ 73,309,537 |
$ 12,832,913 |
$ 5,240,895 |
$ 91,383,345 |
| Net Margins |
|
9,290,390 |
|
9,290,390 |
| Patronage Capital Assignment |
14,981,148 |
(14,981,148) |
|
0 |
| Retirement of Capital Credits |
(2,142,610) |
|
|
(2,142,610) |
| Other |
___________ |
__________ |
(604,500) |
(604,500) |
| Balance at December 31, 2006 |
$ 86,148,075 |
$ 7,142,155 |
$ 4,636,395 |
$ 97,926,625 |
