Year End 2017 Independent Auditor’s Report (PDF)

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)

 

2017 Sales of Electricity
        Avg. Cents
Customer Class Accounts   kWh Sold     $ Revenue   per kWh
Regular Residential 11,873 185,660,397 $16,549,473 8.91
Seasonal Residential 6,943 62,037,879          6,301,660 10.16
Small Commercial 2,132 84,749,306          6,886,036 8.13
Large Commercial 83 39,013,549          2,702,299 6.93
Industrial 15 109,394,305          5,665,230 5.18
Lighting & Other   3,525,476            459,187 13.02
   Total 21,046 484,380,912        38,563,885 7.96

 

2017 Sales of Electricity (%)
Regular Residential 42.9%
Seasonal Residential 16.3%
Small Commercial 17.9%
Large Commercial 7.0%
Industrial 14.7%
Lighting & Other 1.2%
  100.0%

 

2017 Expenses (%)
Power Supply Expense 53.3%
Operating Expense 34.0%
Depreciation 8.2%
Taxes 2.3%
Interest on LT Debt 2.2%
  100.0%

 

Operating Statement
    2017 2016
Revenues:    
  Sales of Electricity  $ 38,563,885  $ 36,654,854
  Other Sales Revenue             488,114             488,218
  Interest & Other Income             198,708             127,028
Total Revenues         39,250,707         37,270,100
       
Expenses:    
  Power Supply Expense         19,670,874         18,344,814
  Operating Expense         12,552,986         11,987,402
  Depreciation          3,035,194          2,991,773
  Taxes             859,950             842,821
  Interest on Long-Term Debt             797,485             828,031
Total Expenses         36,916,489         34,994,841
Net Margins  $ 2,334,218  $ 2,275,259

 

Balance Sheet
    2017 2016
Assets:    
  Net Utility Plant  $ 68,270,342  $ 67,146,822
  Bond Reserve Funds          2,601,062          2,577,967
  Current Assets         18,143,713         18,905,656
  Other Assets         26,197,248         26,427,349
Total Assets  $ 115,212,365  $ 115,057,794
       
Liabilities & Net Position:    
  Long-Term Debt  $ 25,733,490  $ 27,569,950
  Current Liabilities          6,987,337          7,022,834
  Other Liabilities         25,839,569         26,147,259
Total Liabilities         58,560,396         60,740,043
  Restricted Net Assets          7,357,995          6,962,723
  Unrestricted Net Assets         49,293,974         47,355,028
Total Liabilities & Net Assets  $ 115,212,365  $ 115,057,794