Year End 2016 Independent Auditor’s Report (PDF)

Year End 2015 Independent Auditor’s Report (PDF)

Year End 2014 Independent Auditor’s Report (PDF)

Year End 2013 Independent Auditor’s Report (PDF)

Year End 2012 Independent Auditor’s Report (PDF)

Year End 2011 Independent Auditor’s Report (PDF)

Year End 2010 Independent Auditor’s Report (PDF)

2016 Sales of Electricity
        Avg. Cents
Customer Class Accounts   kWh Sold     $ Revenue   per kWh
Regular Residential 11,811 167,124,732 $ 15,449,976 9.24
Seasonal Residential 6,892 52,327,089          5,695,080 10.88
Small Commercial 2,100 77,412,260          6,411,703 8.28
Large Commercial 87 38,566,330          2,683,096 6.96
Industrial 15 116,816,064          5,940,021 5.08
Lighting & Other   3,672,894            474,978 12.93
   Total 20,905 455,919,369        36,654,854 8.04
2016 Sales of Electricity (%)
Regular Residential 42.1%
Seasonal Residential 15.5%
Small Commercial 17.5%
Large Commercial 7.3%
Industrial 16.2%
Lighting & Other 1.3%
  100.0%

 

2016 Expenses(%)
Power Supply Expense 52.4%
Operating Expense 34.3%
Depreciation 8.5%
Taxes 2.4%
Interest on LT Debt 2.4%
  100.0%

 

Operating Statement
                 2016              2015
Revenues:    
  Sales of Electricity  $ 36,654,854  $ 34,382,271
  Other Sales Revenue             488,218             449,874
  Interest & Other Income             127,028               83,594
Total Revenues         37,270,100         34,915,739
       
Expenses:    
  Power Supply Expense         18,344,814         17,192,295
  Operating Expense         11,987,402         12,195,727
  Depreciation          2,991,773          2,861,370
  Taxes             842,821             844,520
  Interest on Long-Term Debt             828,031             856,434
Total Expenses         34,994,841         33,950,346
Net Margins  $ 2,275,259  $ 965,393

Balance Sheet
                   2016                2015
Assets:    
  Net Utility Plant  $ 67,146,822  $ 66,735,920
  Bond Reserve Funds          2,577,967          2,561,335
  Current Assets         18,905,656         18,496,346
  Other Assets         26,427,349         18,861,763
Total Assets  $ 115,057,794  $ 106,655,364
       
Liabilities & Net Position:    
  Long-Term Debt  $ 27,569,950  $ 29,368,157
  Current Liabilities          7,022,834          6,496,693
  Other Liabilities         26,147,259         18,748,022
Total Liabilities         60,740,043         54,612,872
  Restricted Net Assets          6,962,723          6,787,376
  Unrestricted Net Assets         47,355,028         45,255,116
Total Liabilities & Net Assets  $ 115,057,794  $ 106,655,364