Audit Report

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)

2015 Sales of Electricity

Avg. Cents
Customer Class Accounts   kWh Sold        $ Revenue   per kWh
Regular Residential  11,717 159,356,540 $14,419,572 9.05
Seasonal Residential   6,858 48,356,323 5,216,671 10.79
Small Commercial   2,093 76,866,315 6,184,855 8.05
Large Commercial        84 36,612,737 2,490,741 6.80
Industrial        15 108,633,089 5,701,833 5.25
Lighting & Other 4,379,721 368,600  8.42
   Total  20,767 434,204,725 34,382,272 7.92

2015 Expenses (%)

Power Supply Expense  50.6%
Operating Expense  35.9%
Depreciation  8.4%
Taxes  2.5%
Interest on LT Debt  2.5%
100.0%

2015 Sales of Electricity (%)

Regular Residential   41.9%
Seasonal Residential   15.2%
Small Commercial   18.0%
Large Commercial     7.2%
Industrial   16.6%
Lighting & Other     1.1%
 100.0%
Operating Statement
2015 2014
Revenues:
Sales of Electricity  $      34,382,271
$       33,850,825
Other Sales Revenue               449,874
434,604
Interest & Other Income                 83,594
89,002
Total Revenues          34,915,739
       34,374,431
Expenses:
Power Supply Expense          17,192,295
17,785,638
Operating Expense          12,195,727
11,764,300
Depreciation            2,861,370 2,676,159
Taxes              844,520
842,741
Interest on Long-Term Debt              856,434
878,210
Total Expenses         33,950,346
33,947,048
Net Margins  $        965,393
 $           427,383

 

Balance Sheet
2015 2014
Assets:
Net Utility Plant  $     66,735,920
 $      66,225,865
Reserve Funds 2,561,335          2,558,944
Current Assets         18,496,346
19,088,096
Other Assets        18,861,763
 16,026,067
Total Assets  $    106,655,364
 $    103,898,972
Liabilities & Net Assets:
Long-Term Debt  $     29,368,157
 $      31,050,640
Other Liabilities         18,748,022
15,632,427
Total Liabilities         54,612,872
52,821,873
Restricted Net Assets           6,787,376
6,870,647
Unrestricted Net Assets         45,255,116
44,206,452
Total Liabilities & Net Assets  $   106,655,364
 $    103,898,972