KIT CARSON ELECTRIC COOPERATIVE, A Touchstone Energy ® Cooperative The. power of human connections ® (575) 758-2258 ¯ (800) 688-6780 ° Fax: (575) 758-4890 or (575) 758-4611 ¯ www.kitcarson.com 118 Cruz Alta Road ° P.O. Box 578 ¯ Taos, New Mexico 87571-0578 August 7, 2019 FILED IN OFFICE OF ~UG - 9,2018 Ms. Melanie Sandoval New Mexico Public Regulation Commission PO Box 1269 Santa Fe, NM 87504-1269 RE: 2018 Annual Report To Whom It May Concern: Enclosed please find the following: 1. Annual Report - Year ended December 31, 2018. 2. Rule 510.12 filing. 3. RUS Form 7 for year ended December 31, 2018. Consolidated Post-Audit If you should have any questions or need additional information, please call me at (505) 758-2258. Johnny Valerio CFO Robert Bresnahan Cristobal Duran Bruce Jassmann Virgil Martinez BOARD OF TRUSTEES Ambrose Mascarefias Jerry Smith Manuel Medina David Torres Bobby R. Ortega Luisa Valerio-Mylet Arthur Ro&irte John F. McCarthy, Jr. Corporate Attorney Luis A. Reyes, Jr. Chief Executive Officer
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KIT CARSON ELECTRIC COOPERATIVE,A Touchstone Energy® Cooperative
Enclosed please find the following:1. Annual Report - Year ended December 31, 2018.2. Rule 510.12 filing.3. RUS Form 7 for year ended December 31, 2018. Consolidated Post-Audit
If you should have any questions or need additional information, please call me at (505)758-2258.
Johnny ValerioCFO
Robert BresnahanCristobal DuranBruce JassmannVirgil Martinez
BOARD OF TRUSTEESAmbrose Mascarefias Jerry Smith
Manuel Medina David TorresBobby R. Ortega Luisa Valerio-MyletArthur Ro&irte
John F. McCarthy, Jr.Corporate Attorney Luis A. Reyes, Jr.
Revenues:Earnings:Return on EquityAmount of DebtAverage Cost of DebtCapital Structure:Equity:Debt:Generation Plant In-ServiceTransmission Plant In ServiceDistribution Plant In ServiceOperation & Maint. Expense:Cost of Purchased PowerTransmission ExpenseDistribution Expense-OperationDistribution Expense- MaintenanceConsumer Accounts ExpenseCustomer Service & InformationAmin. & Gen’l Expense
Total Operation & Maintenance ExpDeferred Tax ReservesPeak DemandNet Energy Sales ( kwh )
HYDRAULIC POWER GENERATION (Continued)543 Maintenance of reservoirs, dams and waterways544 Maintenance electric plant545 Maintenance of miscellaneous hydraulic plant
Total maintenanceTotal power producton expenses-hydraulic power
OTHER POWER GENERATIONOPERATION546 Operation supervision and engineering547 Fuel548 Generation Expense549 Miscellaneous other power generation expenses550 Rents
Total operationMAINTENANCE551 Maintenance supervision and engineering552 Maintenance of stuctures553 Maintenance of generating and electdc plant554 Maintenance of miscelaneous other power generation plant
Total maintenanceTotal power producton expenses-other power
OTHER POWER SUPPLY EXPENSES555 Purchased power556 System control and load dispatching557 Other expenses
Total other power supply expensesTotal power producton expenses
TRANSMISSION EXPENSESOPERATION560 Operation supervison and engineering561 Load Dispatching562 Station Expense563 Overhead line expense564 Underground line expense565 Transmission of electricity by others566 Miscellaneous transmission expenses567 Rents
Total operationMAINTENANCE568 Maintenance supervision and engineering569 Maintenance of stuctures570 Maintenance of station equipment571 Maintenance of overhead lines572 Maintenance of underground lines573 Maintenance of miscellaneous transmission plant
Total maintenanceTotal Transmission expenses
DISTRIBUTION EXPENSESOPERATIONi580 Operation supervison and engineering581 Load Dispatching582 Station Expense583 Overhead line expense!584 Underground line expense585 Straed lighting and signal system expenses
(b)
Increase or decrease
from preceeding year
19,095
19,095
10,613
10,613
19,095
19,832,936
19,832,93619,832,936
10,613
1,346,728
1,346,7281,346,728
70,584 152
70,584 152
0
0 070,584 152
272,867
461,325606,442208,322
18,741
(14,898)0
(21,696)(98,992)
(331,106)34
LineNo.
123456789
10111213141516
ELECTRIC OPERATION AND MAINTENANCE EXPENSES Page 3
17181920
2324i252627282930
32
34353637
39404142434445464748
511525354
Account(a)
DISTRIBUTION EXPENSES (Continued)586 Meter expenses587 Customer installation expenses588 Miscellaneous distribution expenses589 Rents
Total OperationMaintenance
590 Maintenance supervision and engineering591 Maintenance of stuctures592 Maintenance of station equipment593 Maintenance of overhead lines594 Maintenance of underground lines595 Maintenance of line transformers596 Maintenance of street lighting and signal systems597 Maintenance of meters598 Maintenance of miscellaneous distribution plant
Total maintenanceTotal distribution expenses
CUSTOMER ACCOUNTS EXPENSESOperation
901 Supervision902 Meter reading expenses903 Customer records and collection expenses904 Uncollectible accounts905 Miscellaneous customer accounts expenses
Total customer accounts expensesSALES EXPENSES
Operation911 Supervision912 Demonstrating and selling expenses913 Advertising expenses914 Revenues from merchandising, jobbing, and contract work915 Cost and expenses of merchandising, jobbing, and contract work916 Miscellaneous sales expenses
Total sales expensesADMINISTRATIVE AND GENERAL EXPENSES
(b)
137,509
573,1701,999
2,280,375
38,9631,239,981
384,727
75,913
1,739,5844,019,959
465,1041,582,823
144,00037,511
2,229,438
Increase or decreasefrom preceeding year
(385,379)
(68,177)(4,664)
(924,878)
(7,092)124,303
(7,484)
13,955
123,682(801,196)
48,247110,037(13,000)(11,266)134,018
Operation920 Administrative and general salaries921 Office suplies and expenses922 Administrative expenses transferred-Cr923 Outsids services employed924 Property insurance925 Injudes and damages926 Employee pensions and benefits927 Franchise requirements928 rugulatory commission expenses929 Dupicate charges-Cr930 Miscellaneous general expenses931 Rents
Total operationMaintenance
935 Maintenance of general plantTotal administrative and general expensesTotal Electric Operation and Maintenance Expenses
1,312,590549,508
439,2440
3,33917,287
225,994
527,5860
3,075,548
302,3023,377,850
29,549,862
31,576(3,997)
5,9390
(399)17,164
14,745
(40,749)0
24,279
58,95483,233
773,5480
ELECTRIC OPERATION AND MAINTENANCE EXPENSES = Page 4SUMMARY OF ELECTRIC OPERATION AND MAINTENANCE EXPENSES
Line Functional Classification Operation Maintenance TotalNo. (a) (b) (c) (d)
1234567i89
1011121314
Power Production ExpensesElectric Generation:
Steam powerNuclear powerHydraulic powerOther power
Other Power supply expensesTotal power production expenses
Transmission ExpensesDistribution ExpensesCustomer Accounts ExpensesSales ExpensesAdm. and General Expenses
19,09519,832,93619,852,031
70,5842,280,3752,229,438
03,377,850
Total Electric Operation and Maintenance Expenses 27,810,278
NUMBER OF ELECTRIC DEPARTMENT EMPLOYEES
01,739,584
1,739,584
0
19,09519,832,93619,852,031
70,5844,019,9592,229,438
03,377,850
29,549,862
Number of electric department employees, payroll period ending1. Total regular full-time employees2. Total part-time and temporary employees
12/31/2018885
3. Total employees 93
The data on number of employees should be reported for thepayroll period ending nearest to October 31, or any payrollperiod ending 60 days before or after October 31.
If the resopondent’s payrolls for the reported period includeany special construction forces include such employees as part-time and temporary employees and show the number of such
special construction employees so includedThe number of employees assignable to the electric depart-
ment from joint functons of combination utilities may be de-termined by estimate, on the basis of employee equivalents.Show the extimated number of equivalent employees attributedto the electric department from joint functions.
4
CONSTRUCTION OVERHEADS- ELECTRICRevised
1 Report below the information called for concerning con-struction overheads for the year.
2 List in column (a) the kinds of overheads according to thetitles used by the respondent. Charges for outside professional ser-vices for engineering fees and management of supervision fees capi-talized should be shown as separate items.
3 On the lower section of this schedule furnish the requestedexplanatory information concerning constructon overheads.
4 A respondent should not report "none" to this schedule if
no overhead apportionments are made, but rather should explain onthe lower section of this schedule that on such engineering, super-
visor, and adminstrative costs, etc., which are directly chargeableconstruction are charged to construction, if this is the case. Engi-
neering, supervision, administrative, and interest costs, etc.., which
are first assigned to a blanket work order and then prorated to con-
struction jobs shall be considered overheads for the purpose of
formulating a response to this schedule.
Name of Overhead Total overheads cleared Cost of construction to which Percent overheads toLine to construction overheads were charged (ex. construction costs
893,449 837,036GENERAL DESCRIPTION OF CONSTRUCTION OVERHEAD PROCEDURE
0107%
1. For each construction overhead for electric plant explain(a) nature of the engineering, supervisiory, or administrative work,etc., the overhead charges are intended to cover. (b) the generalprocedure for determining the amount capitalized. (c) the methodof distribution to construction jobs. (d) percentages applied to dif-ferent types of construction. (e) basis of differentiation in percent-ages for different types of construction, and ( f ) amounts capital-ized for each overhead for the year for which this report is sub-mitted.
2. In additon to other information concerning engineering andsuperintendence or other such oveheads, explain whether theamounts treated as overheads include all engineering and super-intendence costs or only such portions as are not directly charge-able to specific jobs.3. For interest during construction state the interest rate used.The basic charges to which applied, in addition to the amountscapitalized for the year for which this report is submitted.
6
ELECTRIC DISTRUBUTION METERS AND LINE TRANSFORMERS
1 Report below the information called for concerning distri-
bution watt-hour meters and line transformers.
2 Watt-hour demand distrubution meters should be included
below but external demand meters should not be included.
3 Show in a footnote the number of distrubution watt-hourmeters or line transformers held by the resppondent under lease
from others, jointly owned with others, or held otherwise than
by reason of sole ownership by the respondent. If 500 or more
meters or line transformers are held under a lease, give name oflessor, date and period of lease and annual rent. It 500 or more
meters or line transformers are held other than by reason of sole
ownership or lease, give name of co-owner or other party, ex-
plain basis of accounting for expenses between the parties, and
state amounts and accounts affected in respondent’s books of
account. Specify in each case whether lessor, co-owner or other
party is an associated company.
Line
NO.Item(a)
1 Number at beginning of year2 Additions during the year:3 Purchases4 Associated with utility plant acquired5 Total additions6 Reductions during the year:7 Retirements8 Associated with utility plant sold9 Total reductions
10 Number at end of year11 In Stock12 Locked meters on customers’s premises13 Inactive trasformers on system14 In Customers’s use15 In Company’s use16 Total end of year (as above)
Number of watt-hour
meters
(b)
36,534
2,071
2,071
338
338
38,267
360
37,87235
38,267
Line Transformers
Number
(c)
14,465
241
241
21
21
14,685
94
14,5712O
14,685
Total Capacity (kva)
(d)
7
Customer Class
Number of Customers
Kwh Sales (Thousands)
Gross Revenues
’New Mexico Jurisdictional InformationYear Ending December 31, 2018
Electric Company Name Kit Carson Electric Cooperative, Inc,
Address: PO Box 578 Taos, NM 87571
Phone Number: (505) 758-2258
Person Completing Forn Johnny Valerio, CFO
Residential Other
23,853 4,532
132,839,686 131,091,535
24,272,148 20,332,605
Total
28,385
263,931,221
44,604,753
Avg. Annual Kwh per Customer ( 1 )
Avg. Annual Bill per Customer ( 2 )
Avg. Monthly Bill per Customer ( 3 )
Av9. Gross Revenue per Kwh sold (4)
5,569
$1,018
$85
0.183
28,926
$4,486
$374
0.155
34,495
$5,5O4
$459
0.169
Directions for the completion of ( 1 ), ( 2 ), ( 3 ), ( 4 ):
( 1 ) Divide Kwh sales by number of customers
( 2 ) Divide gross revenues by number of customers
( 3 ) Divide ( 2 ) by 12 months.
( 4 ) Divide gross revenues by Kwh sales.
Page 8
VERIFICATION
The foregoing report must be verified by the oath of the office having control of the accounting of therespondent. The oath required may be taken before any person authorized to administer an oath by thelaws of the State in which the same is taken.
OATH
(To be made by the officer having control of the accounting of the respondent.)
State of N~-w M~-Yien
County of Taos
Luis A. Reyes, Jr.(Insert here the name of the afflant.)
makes oath and says that he is Chief Executive Officer(Insert here the offidal title of the affiant.)
of Kit Carson Electric Cooperative, Inc.(Insert here the exa~t legal title of name of the respondent.)
that it is his duty to have supervision ~over the books of account of the respondent and that to the best ofhis knowledge and belief such books have, during the period covered by the foregoing report, been keptin good faith in accordance with the accounting and other orders of the New Mexico Public RegulationCommission, effective during said period, that has examined the said report, and to the best of hisknowledge and belief the information contained in the said report is, insofar as it relates to matters ofaccount, in accordance with the said books of account; that he believes that all other statements of factcontained in the said report are true, and that the said report is correct statement Of the business andaffairs of the above-named respondent in respect to each and every matter set forth
therein during the period from and including January 1
to and including December 31
Subscribed and sworn to before me, a Notary Public , is and for the State and
County above named, this 7th day of August ...... 201....9
My commission expires April 8, 2020
OFFICIAL SEALCARMELLASUAZO I
NOTARY PUBLICSTATE OF NEW MEXICO
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMBcontrol number. The valid OMB control number for this information collection is 0572-0032. The time required to complete this information collection is estimated to average 15 hours perresponse, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.
UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE NM0 0 11
FINANCIAL AND OPERATING REPORT PERIOD ENDED December, 2018 (Prepared with Audited Data)
ELECTRIC DISTRIBUTIONBORROWER NAME
Kit Carson Electric Cooperative, Inc.INSTRUCTIONS - See help in the online application.
This information is analyzed and used to determine the submitter’s financial situation and feasibility for loans and guarantees. You are required by contract and applicableregulations to provide the information. The information provided is subject to the Freedom of Information Act (5 U.S.C. 552)
CERTIFICATION
We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making of afalse, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.
We hereby certify that the entries in this report are in accordance with the accounts and other recordsof the system and reflect the status of the system to the best of our knowledge and belief.
ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTINGPERIOD AND RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES DURING THE PERIOD COVERED
BY THIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XVII(check one of the following)
[] All oftheobligations under the RUS loan documentshave been fulfilled in all material respects.
Luis Reyes 7/19/2019
[] There has been a default in the fulfillment of the obligationsunder the RUS loan documents. Said default(s) is/arespecifically described in Part D of this report.
DATE
ITEM
1. Operating Revenue and Patronage Capital2. Power Production Expense
3. Cost of Purchased Power
4. Transmission Expense5. Regional Market Expense
6. Distribution Expense - Operation7. Distribution Expense - Maintenance
8. Customer Accounts Expense
9. Customer Service and Informational Expense10. Sales Expense11. Administrative and General Expense
12. Total Operation & Maintenance Expense (2 thru 11)13. Depreciation and Amortization Expense
17. Interest Charged to Construction - Credit[18. Interest Expense - Other
19. Other Deductions20. Total Cost of Electric Service (12 thru 19)
21. Patronage Capital & Operating Margins (1 minus 20)22. Non Operating Margins - Interest23. Allowance for Funds Used During Construction
24. Income (Loss) from Equity Investments
25. Non Operating Margins - Other26. Generation and Transmission Capital Credits
27. Other Capital Credits and Patronage Dividends
!28. Extraordinary Items
[29. Patronage Capital or Margins (21 thru 28)RUS Financial and Operating Report Electric Distribution
PART A. STATEMENT OF OPERATIONSYEAR-TO-DATE
LAST YEAR(a)
42,818,681
18,486,208
70,432
THIS YEAR
44,973,817
19,832,93670,584
BUDGET(~
46,157,497
26,546,302
41,240
THIS MONTH
4,668,993
{3,860,646)5,778
3,161,755 2,299,470 2,038,295 319,285
1,615,901 1,739,584 1,742,120 125,089
2,072,043 2,216,590 2,228,967 199,469
23,376 12,847 122,961 3,592
3,263,941 3,377,850 3,629,131 297,369
28,693,656 29,549,861 36,349,016 (2,910,064)
9,814,601 10,337,838 4,353,877 6,436,544
122,019 122,959 695,400 122,959
16,753 16,352 6,143
3,648,060 3,700,120 3,628,738 280,043
1,167,723 955,538 670 950,776
43,462,812 44,682,668 45,027,701 4,886,401
(644,131) 291,149 1,129,796 (217,408)
24,799 13,182 66,000 2,797
(1,282,293) (472,687)
428,324 446,613
(1,473,301) 278,257 1,195,796
(561,257)
441,712
(334,156)ReasOn Date2014
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application.
BORROWERDESIGNATION
NM0011
PERIOD ENDEDDecember, 2018
ITEM
1. New Services Connected
2. Services Retired
3. Total Services in Place
4. Idle Services(Exclude Seasonals )
PART B. DATA ON TRANSMISSION AND DISTRIBUTION PLANTYEAR-TO-DATE
LAST YEAR THIS YEAR(a) (t,)
254
54
29,197
45
ASSETS AND OTHER DEBITS1. Total Utility Plant in Service2. Construction Work in Progress3. Total Utility Plant (1 + 2)4. Accum. Provision for Depreciation and Amort.
5. Net Utility. Plant (3 - 4)
6. Non-Utility Property (Net)7. Investments in Subsidiary Companies8. Invest. in Assoc. Org. - Patronage Capital9. Invest. in Assoc. Org. - Other - General Funds10. Invest. in Assoc. Org. - Other - Nongeneml Funds11. Investments in Economic Development Projects12. Other Investments13. Special Funds
Total Other Property & Investments14.(6 thru 13)
Cash - General Funds15.
16. Cash - Construction Funds - Trustee
17. Special Deposits18. Temporary Investments19. Notes Receivable (Net)
20. Accounts Receivable - Sales of Energy (Net)
2 l. Accounts Receivable - Other (Net)22. Renewable Energy Credits
23. Materials and Supplies o Electric & Other
24. Prepayments25. Other Current and Accrued Assets
26. Total Current and Accrued Assets(15 thru 25)
27. Regulatory Assets28. Other Deferred Debits
Total Assets and Other Debits29.(5+14+26 thru 28)
250
46
29,669
45
PART C. BALANCE
ITEM
194,621,880 30.1,798,264 31.
196,420,144 32.65,965,012 33.
130,455,132 34.
0 35.724,810 36.
0 37.5,080 38.
2,668,900 39.0 40.0 41.0 42.
3,398,790 43.
1,872,830 44.
123,894 45.
o 46.1,165,595 47.
740 48.8,186,827
49.298,727
0 50.
1,633,546 51.
149,763 52.115,380 53.
13,547,302 54.
0 55.27,614,560 56~
175,015,784 57.
YEAR-TO-DATELAST YEAR
~)143.00
1,754.59
1,014.01
2,911.60
Miles TransmissionMiles Distribution-OverheadMiles Distribution -Underground
Total Miles Energized(5+6+7)SHEET
LIABILITIES AND OTHER CREDITSMembershipsPatronage CapitalOpemtin~ Margins - Prior YearsOperating Margins - Current Year
Non-Operating Margins
Other Marc-ins and EquitiesTotal Margins & Equities O0 thru 35)
Long-Term Debt - RUS (Net)Lon~-Term Debt - FFB - RUS GuaranteedLong-Term Debt - Other - RUS Guaranteed
Long-Term Debt Other (Net)Long-Term Debt - RUS - Econ. Devel. (Net)
Obligations Under Capital Leases - NoncurrentAccumulated Operating Provisionsand Asset Retirement Obligations
Total Other Noneurrent Liabilities (44 + 45)Notes PayableAccounts Payable
Consumers Deposits
Current Maturities Long-Term DebtCurrent Maturities Long-Term Debt- Economic DevelopmentCurrent Maturities Capital LeasesOther Current and Accrued Liabilities
Total Current & Accrued Liabilities(47 thru 53)
Regulatory LiabilitiesOther Deferred Credits
Total Liabilities and Other Credits(36 + 43 + 46 + 54 thru 56)
THIS YEAR
143.00
1,756.88
1,017.85
2,917.73
o26,913j282
o291,149
(12,891)250,787
27,442,32748,325,78429,1o7,219
o31,175,o55
oo
i08,608,058
1,136,252
0
1,136,2520
6,359,356
327,311
4,778,496
0
386,1142,078,526
13,929,803
o23,899,344
175,o15,784
RUS Financial and Operating Report Electric Distribution Revision Date 2014
UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORT NM0011ELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application~ PERIOD ENDEDDecember, 2018
PART D. NOTES TO FINANCIAL STATEMENTS
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application.
BORROWER DESIGNATION
ENDED NM0011PERIODDecember, 2018
PART D. CERTIFICATION LOAN DEFAULT NOTES
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application.
PLANT ITEM
I. Distribution Plant
2. General Plant
3. Headquarters Plant
4. Intangibles
5. Transmission Plant
6. Regional Transmission and MarketOperation Plant
7. All Other Utility Plant
8. Total Utility Plant in Service (1 thru 7)
9. Construction Work in Progress
10. Total Utility Plant (8 + 9)
BORROWER DESIGNATION NM0011
PERIOD ENDEDDecember, 2018
ITEM
I. Electric
2. Other
BALANCEBEGINNING OF YEAR
(a)i, 167,266
678,025
lITEM ] POWER SUPPLIER
(a)Present Year
Five-Year Average
PART E. CHANGES IN UTILITY PLANTBALANCE
BEGINNING OF YEAR(a)108,193,386
13,271,273
5,174,467
o14,363,863
ADDITIONS
6,522,117
427,954
RETIREMENTS
338,533
ADJUSTMENTS ANDTRANSFERS
BALANCEEND OF YEAR
(e)114,376,970
13,699,227
5,174,467
0
14,363,863
1. Number of Full Time Employees
2. Employee - Hours Worked - Regular Time
3. Employee - Hours Worked - Overtime
ITEM
5,014,536 41,992,817
146,017,525 48,942,888
5,234,645 (3,436,381)
151,252,170 45,506,507
PART F. MATERIALS AND SUPPLIES
PURCHASED] SALVAGED USED (NET) [
(b), [
(c)
(7~64,659[722,200 [
PART G. SERVICE INTERRUPTIONSAVERAGE MINUTES PER CONSUMER BY CAUSE
MAJOR EVENT I PLANNED(b)
[
(c)132.080 1.890
41.020 97.870 10.920PART H. EMPLOYEE-HOUR AND PAYROLL STATISTICS
181,979 Payroll-Capitalized
7,408 Payroll - OtherPART I. PATRONAGE CAPITAL
1. Capital Credits - Distributions
2. Capital Credits - Received
1. Amount Due Over 60 Days
1. Anticipated Loan Delinquency %2. Actual Loan Delinquency %3. Total Loan Delinquency Dollars YTD
DESCRIPTION
338,533
338,533
SOLD(e) l ADJUSTMENT09305 4,694
i, 673,884 55,064
ALL OTHER
169.840
THIS YEAR
150.470
a. General Retirementsb. Special Retirements
c. Total Retirements (a + b)a. Cash Received From Retirement of Patronage Capital by
Suppliers of Electric Power
b. Cash Received From Retirement of Patronage Capital byLenders for Credit Extended to the Electric System
c. Total Cash Received (a ÷ b)
PART J. DUE FROM CONSUMERS FOR ELECTRIC SERVICE
1,544,021 12. Amount Written OffDuting YearENERGY EFFICIENCY AND CONSERVATION LOAN PROGRAM
RUS Financial and Operating Report Electric Distribution
128,480128,480
314,435
314,435
5
47,007,353
194,621,880
1,798,264
196,420,144
BALANCEEND OF YEAR
i, 129,196
504,351
TOTAL
303.810
300.280
3,955,485
527,719877,579
Revision Date 2014
CUMULATIVE<b)2,882,311
1,869,552
4,751,863
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application
BORROWER DESIGNATION
NM0011
PERIOD ENDEDDecember, 2018
No ITEM
(a)1 Guzman Energy
(FL)Total
SUPPLIERCODE
800593
PART K. kWh PURCHASED AND TOTAL COSTRENEWABLE
ENERGYPROGRAM
NAME
RENEWABLE kWhFUEL PURCHASEDTYPE
(d)288,275,601
288,275,601
TOTALCOST
19,832,936
19,832,936
AVERAGECOST
(Cents/kWh)
6.88
6.88
INCLUDEDIN[TOTAL COST-
FUEL COSTADJUSTMENT
INCLUDED INTOTAL COST =
WHEELINGAND OTHER
CHARGES
UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORT NM0011ELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application PERIOD ENDEDDecember, 2018
PART K. kWh PURCHASED AND TOTAL COSTNo [ Comments
I1
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application.
BORROWER DESIGNATION
NM0011
PERIOD ENDEDDecember, 2018
No NAME OF LESSOR
TOTAL
PART L. LONG-TERM LEASESTYPE OF PROPERTY
(b)RENTAL THIS YEAR
UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE NM0011
FINANCIAL AND OPERATING REPORT PERIOD ENDEDELECTRIC DISTRIBUTION De ceraber, 2018INSTRUCTIONS - See help in the online application.
PART M. ANNUAL MEETING AND BOARD DATA1. Date o~" Last Annual Meeting 2. Total Number of Members 3. Number of Members Present at Meeting 4. Was Quorum Present?
6/9/2018 22,975 423 N
5. Nurober of Members Voting 6. Total Nnmber of Board Members 7. Total Amount of Fees and Expenses 8. Does Manager Haveby Proxy or Mail for Board Members Written Contract?
Ii $ 176,958 Y
RUS Financial and Operating Report Electric Distribution Revision Date 2014
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application.
BORROWER DESIGNATION
NM0011
PERIOD ENDEDDecember, 2018
No ITEMPART N. LONG-TERM DEBT AND DEBT SERVICE REQUIREMENTS
1 Rural Utilities Service (Excludes RUS -Economic Development Loans)
2 National Rural Utilities Cooperative FinanceCorporation
3 CoBard~ ACB4 Federal Financing Bank5 RUS - Economic DevelOpment Loans6 Payments Unapplied7 Principal Payments Received from Ultimate
Recipients of IRP Loans8 Principal Payments Received from Ultimate
Recipients of REDL Loans9 Principal Payments Received from Ultimate
Recipients of EE Loans10Farm Credit Leasing11 Altec Leasing
TOTAL
BALANCE END OFYEAR
(a)48,325,784
31,175,0541
29,107,2191
825,115
311,137109,744,309
INTEREST(Billed This Year)
(b)1,870,921
17,297
1#83,141740,076
53r341
4,164,776
PRINCIPAL(Billed This Year)
1,844,751
2,209,816
591r276
265,032
73r5254,984~00
TOTAL(Billed This Year)
3,715,672
17~97
3,692,957
1,331,352
318,37373,525
9,149,176
UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE NM0011
FINANCIAL AND OPERATING REPORT PERIOD ENDEDELECTRIC DISTRIBUTION December, 2018INSTRUCTIONS - See help in the online application.
PART O. POWER REQUIREMENTS DATABASE - ANNUAL SUMMARY
CLASSIFICATION
1. Residential Sales (excludingseasonal)
2. Residential Sales - Seasonal
3. Irrigation Sales
4. Co~mn. and Ind. 1000 KVA or Less
5. Comm. and Ind. Over 1000 KVA
6. Public Street & Highway Lighting
7. Other Sales to Public Authorities
8. Sales for Resale - RUS Borrowers
Sales for Resale - Other
b. kWh Sold
c. Revenue10. Total No. of Consumers (lines la thn~ 9a)
11. Total kwh Sold (lines lb thru 9b)12. Total Revenue Received From Sales of
Electric Energy (lines lc thrtt 9c)
13. Transmission Revenue14. Other Electric Revenue
15. kWh - Own Use}6. Total kWh Purchased
17. Total kWh Generated18. Cost of Purclmses and Generation
19. Interchange - kWh - Net20. Peak - Sum All kW Input (Metered)
Non-coincident X Coincident
RUS Financial and Operating Report Electric Distribution
CONSUMER SALES &REVENUE DATA
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
b. kWh Soldc. Revenue
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
b. kWh Sold
c. Revenue
a. No. Consumers Served
AVERAGE NO.DECEMBER CONSUMERS SERVED
(a)20,504 21,249
, 3,349 3,349
4,5061. 4,361
101 i0
16 15
28,385[ 28,984
TOTALYEARTO DATE
120,740,023
21,646,726
12,099,663
2,625,423
110,854,250
17,475,855
19,433,5582,713,022
803,727141,881
263,931,221
44,602,907
370,910
749,406
288,275,662
19,903,520
62,121
Revision Date 2014
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INSTRUCTIONS - See help in the online application.
2.3.4.
5.6.
7.8.9.
10.
BORROWER DESIGNATIONNM0011
PERIOD ENDEDDecember, 2018
CLASSIFICATION
PART P. ENERGY EFFICIENCY PROGRAMSADDED THIS YEAR
No. of Amount EstimatedConsumers Invested MMBTU Savings
No. ofConsumers
TOTAL TO DATEAmount EstimatedInvested MMBTU Savings
Residential Sales (excluding seasonal)
Residential Sales - Seasonal
Irrigation SalesComm. and Ind. 1000 KVAor Less
Comm. and Ind. Over 1000 KVAPublic Street and Highway LightingOther Sales to Public Authorities
Sales for Resale - RUS Bon’owersSales for Resale - Other
Total
RUS Financial and Operating Report Electric Distribution Revision Date 2014
UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATIONRURAL UTILITIES SERVICE NM0011
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION PERIOD ENDED
INVESTMENTS, LOAN GUARANTEES AND LOANS December, 2018
INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in PartC. Identify all investments in Rural Development with an ’X’ in colunm (e). Both ’.Included’ and ’Excluded’ Investments must be reported. See help in the onlineapplication.
PART Q. SECTION L INVESTMENTS (See Instructions for definitions of Income or Loss)No DESCRIPTION INCLUDED EXCLUDED INCOME OR LOSS
2 Investments in Associated OrganizationsCFC PATRONAGE CAPITALFEDERATED INS - PATRONAGESEDC - PATRONAGENRTC- PATRONAGE
CFC - MEMBERSHIPTRI-STATE MEMBERSHIPECO - MEMBERSHIPINVESTMENT IN SUBSIDIARY COCOBANK PATRONAGE
Totals6 Cash - General
CASH - GENERALTotals
8 Temporary InvestmentsCoBank InvestlineTotals
9 Accounts and Notes Receivable - NETNOTES RECEIVABLE - COMPUTER
ACCOUNTS RECEIVABLE - OTHERTotals
11TOTAL INVESTMENTS (1 thru 10)
($)
383,925
229,591768,137
1,0005
4,075
724,810
2,111,543
410,311410,311
740
298,727
299r4672,821,321
($)(�)
71,839
1,215~409
lr287,248
1:62,5191,462,519
1,165~5951,165,595
3,915,362
($)RURAL
DEVELOPMENT
X
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
BORROWER DESIGNATIONNM0011
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INVESTMENTS, LOAN GUARANTEES AND LOANSPERIOD ENDED
December, 2018
INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in PartC. Identify all investments in Rural Development with an ’X’ in column (e). Both ’Included’ and ’Excluded’ Investments must be reported. See help in the onlineapplication.
No ORGANIZATION
TOTALTOTAL (Included Loan Guarantees Only)
PART Q. SECTION II. LOAN GUARANTEESMATURITY DATE ORIGINAL AMOUNT
($)(b) (e)
LOAN BALANCE($)
RURALDEVELOPMENT
UNITED STATES DEPARTMENT OF AGRICULTURERURAL UTILITIES SERVICE
BORROWER DESIGNATIONNMO011
FINANCIAL AND OPERATING REPORTELECTRIC DISTRIBUTION
INVESTMENTS, LOAN GUARANTEES AND LOANSPERIOD ENDED
December, 2018
INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in Partc. Identify all investments in Rural Development with an ’X’ in column (e). Both ’Included’ and ’Excluded’ Investments must be reported. See help in the onlineapplication.
SECTION Ill. RATIORATIO OF INVESTMENTS AND LOAN GUARANTEES TO UTILITY PLANT 1.44 %[Total of Included Investments (Section I, 1 lb) and Loan Guarantees - Loan Balance (Section II, 5d) to Total Utility Plant (Line 3, Part
C) of this report]SECTION IV. LOANS
No ORGANIZATION MATURITY DATE ORIGINAL AMOUNT LOAN BALANCE RURAL($) ($) DEVELOPMENT