2024-10-22T08:31:11-05:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 730195455 CIMARRON ELECTRIC COOPERATIVE INC CIMA 4053754121 PO BOX 299 KINGFISHER OK 73750 RON SPROUL PRESIDENT 4053754121 2024-10-21 1 0 WILLIAM M MILLER P00439459 8067473806 2024-10-21 X 2023 2024-10-15 13:58:12Z RON SPROUL PO BOX 299 KINGFISHER OK 73750 79711541 0 X WWW.CIMARRONELECTRIC.COM X 1936 OK TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. 9 9 56 0 0 0 0 0 85546665 78502364 73682 143712 326607 893861 85946954 79539937 81972 78386 8155145 6617895 5337328 5353925 0 0 0 72372509 67489731 85946954 79539937 0 0 177760521 185207084 102252982 104872249 75507539 80334835 TO PROVIDE RELIABLE SERVICES TO MEET OUR MEMBERS' NEEDS AT REASONABLE RATES AND TO SEEK TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 19,145 ACTIVE SERVICES AT YEAR END. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 56 1 0 0 0 0 0 82185456 1218735 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 OK X MARK ANDREWS SENIOR VP & CFO 4053754121 PO BOX 299 KINGFISHER OK 73750 X RAYMOND FLATT VICE PRESIDENT 7.60 X X 18350 0 0 CHALENTZ HEDGES TREASURER 9.50 X X 18000 0 0 TOM KLOEPPEL DIRECTOR 6.50 X 21500 0 0 RUDY PATZKOWSKY DIRECTOR 5.70 X 18000 0 0 GENE PETERS DIRECTOR 3.30 X 19750 0 0 AMIE REED SECRETARY 5.10 X X 18000 0 0 RON SPROUL PRESIDENT 5.70 X X 18000 0 0 ROBERT YEOMAN DIRECTOR 10.30 X 19750 0 0 LANE BROADBENT DIRECTOR 5.00 X 18000 0 0 AARON ROARK CEO 50.00 X 334569 0 74931 MARK ANDREWS SENIOR VP FINANCE & ADMIN 45.00 X 179471 0 55236 JEFF HYATT CMO 50.00 X 227732 0 69074 STEPHANIE JONES CHIEF TECHNOLOGY OFFICER 40.00 X 178530 0 50670 RONALD PENNINGTON SENIOR VP OPERATIONS 45.00 X 176913 0 57053 CURTIS CHLOUBER CONSTRUCTION FOREMAN 45.00 X 130378 0 47616 QUENTIN FARRIS DIRECTOR OF DISTR. & PLAN 42.00 X 137510 0 46797 TIMOTHY HOPKINS OPS CONTROL SUPERVISOR 47.00 X 132020 0 49439 CODY LUPER CONSTRUCTION FOREMAN 46.00 X 133938 0 48286 RICHARD REHERMAN SENIOR VP ACCOUNTING 40.00 X 156808 0 42245 1957219 0 541347 28 0 1 0 R&R POWERLINE CONSTRUCTION PO BOX 246 SAYRE OK 73662 ELECTRICAL DIST. LINE CONSTRUCTION 2100390 VALE POWER LINES 1708 CANYON BLUFF RD GUTHRIE OK 73044 ELECTRICAL DIST. LINE CONSTRUCTION 1793489 LIBERTY LINE CONSTRUCTION 18384 N 2980 RD CRESCENT OK 73028 ELECTRICAL DIST. LINE CONSTRUCTION 1313964 CURRENT UTILITY SERVICES LLC 423 5TH ST SCOTLAND TX 76379 ELECTRICAL DIST. LINE CONSTRUCTION 1303209 RIGGS TREE SERVICES INC PO BOX 453225 GROVE OK 74345 RIGHT-OF-WAY CLEARING 874350 14 X SALES OF ELECTRICITY 221000 75093814 75093814 PATRONAGE DIVIDENDS 221000 3277083 3277083 SERVICE FEES 221000 131467 131467 78502364 115712 115712 565 565 28000 0 28000 28000 28000 179360 171604 7756 7756 MISC. NONOPERATING INCOME 221000 882040 882040 POLE ATTACHMENT INCOME 221000 3500 3500 885540 79539937 78538120 0 1001817 X 78386 6617895 1573529 2626404 380172 536688 237132 4004362 5815006 PURCHASED POWER 49920137 DISTRIBUTION EXPENSE 3958820 ADMIN & GENERAL EXPENSE 1606899 OPERATING TAXES 1518839 665668 79539937 410170 213175 1000000 1088054 9168826 7166991 161281 55353 68241 168949250 14691202 147558416 154258048 17952606 21021191 1615150 1230103 177760521 185207084 8074123 11955702 85507647 83756178 8671212 9160369 102252982 104872249 X 442197 457895 3275630 3610412 71789712 76266528 75507539 80334835 177760521 185207084 X 0 4827296 X X 0 1 X 1 0 692091 692091 11877802 4203817 7673985 150645812 10487385 140158427 5733545 5733545 154258048 PATRONAGE CAPITAL-CFC 1601481 C PATRONAGE CAPITAL-PTC 143856 C PATRONAGE CAPITAL-AECI 54216 C PATRONAGE CAPITAL-OTHER 992276 C PATRONAGE CAPITAL-WFEC 17983225 C PATRONAGE CAPITAL-NISC 133006 C MEMBERSHIPS 113131 C 21021191 CONSUMER DEPOSITS 9160369 9160369 X 79539937 0 79539937 0 79539937 72922042 0 72922042 6617895 6617895 79539937 PART X, LINE 2: THE COOPERATIVE UTILIZES THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 6,617,895. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. PART XII, LINE 4B: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". 0 CASHION ATHLETIC SPORTS ASSOCIATION INC PO BOX 306 CASHION OK 73016 465393229 501(C)(3) 8400 0 CONTRIBUTION FOR FIELD LIGHTS AT CASHION SOFTBALL FIELD X X 1 1 X X 0 0 0 AARON ROARK CEO 279195 0 28199 0 27175 0 50738 0 24193 0 409500 0 0 0 JEFF HYATT CMO 211456 0 3162 0 13114 0 42387 0 26687 0 296806 0 0 0 MARK ANDREWS SENIOR VP FINANCE & ADMIN 160148 0 15288 0 4035 0 31043 0 24193 0 234707 0 0 0 RONALD PENNINGTON SENIOR VP OPERATIONS 155521 0 13436 0 7956 0 31237 0 25816 0 233966 0 0 0 STEPHANIE JONES CHIEF TECHNOLOGY OFFICER 149373 0 27781 0 1376 0 28804 0 21866 0 229200 0 0 0 RICHARD REHERMAN SENIOR VP ACCOUNTING 147603 0 3431 0 5774 0 28911 0 13334 0 199053 0 0 0 QUENTIN FARRIS DIRECTOR OF DISTR. & PLAN 105206 0 29631 0 2673 0 21291 0 25506 0 184307 0 0 0 CODY LUPER CONSTRUCTION FOREMAN 129308 0 3431 0 1199 0 25220 0 23066 0 182224 0 0 0 TIMOTHY HOPKINS OPS CONTROL SUPERVISOR 127236 0 3431 0 1353 0 25073 0 24366 0 181459 0 0 0 CURTIS CHLOUBER CONSTRUCTION FOREMAN 125785 0 3431 0 1162 0 24550 0 23066 0 177994 0 0 0 PART I, LINE 1A PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE EMPLOYEES FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. DURING THE YEAR, TWO INDIVIDUALS REPORTED ON FORM 990 PART VII (ANDREWS & ROARK) RECEIVED THESE BENEFITS. THE VALUE OF SUCH BENEFITS WERE ALSO INCLUDED IN THE REPORTABLE COMPENSATION OF EACH. ADDITIONALLY, THE COOPERATIVE WILL PAY ONE-HALF OF THE COST OF A GYM MEMBERSHIP PURSUANT TO A WELLNESS POLICY. DURING THE YEAR, ONE INDIVIDUAL REPORTED ON FORM 990 PART VII (CHLOUBER) RECEIVED THIS BENEFIT. SINCE THE COOPERATIVE CONSIDERS THE REIMBURSEMENT TO BE CONSISTENT TO A BONA FIDE BUSINESS PURPOSE, SUCH REIMBURSEMENTS WERE EXCLUDED FROM REPORTABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE THE BOARD OF DIRECTORS AND EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY. DIRECTORS AND EMPLOYEE OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW A COMPENSATION SURVEY WHEN DETERMINING AND SETTING THE COMPENSATION OF THE CEO. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT OKLAHOMA AND THE NATION. THE CEO REVIEWS A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT OKLAHOMA AND THE NATION. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. THE BYLAWS CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. EMPLOYER CONTRIBUTIONS FOR THE PLAN ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSE ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: ALTHOUGH THE COOPERATIVE IS NO LONGER A RURAL UTILITIES SERVICES (RUS) BORROWER, ITS ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINE 1: ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE- EXISTING OBLIGATION, (2) FROM THE MARGIN PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR TAX YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 4,199,933 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (169,350) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (130,167) LESS: KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (176,797) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,860,272 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 93,442 TOTAL WAGES ACCRUED AND/OR PAID $ 5,677,333 FORM 990. PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 835,987 OFFICE SUPPLIES 395,699 OUTSIDE SERVICES 108,111 INJURIES & DAMAGES 72,300 EMPLOYEE BENEFITS 461,906 DIRECTORS 219,096 DUES TO ASSOCIATED ORGS. 111,354 MEETINGS 92,792 MISCELLANEOUS GENERAL 1,038,551 MAINTENANCE OF GENERAL PLANT 30,406 TOTAL ADMIN & GENERAL EXPENSES PER FINANCIAL STATEMENTS $ 3,366,202 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (169,350) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,141,983) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (447,970) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,606,899 FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: OTHER DEDUCTIONS $ 8,097 SALES 322,155 CONSUMER ACCOUNTS 335,416 TOTAL OTHER EXPENSES PER FORM 990, PART IX $ 665,668 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 6,617,895. PATRONAGE CAPITAL RETIRED - TOTAL -2,141,079. PATRONAGE CAPITAL RETIRED - UNCLAIMED 334,782. NET CHANGE IN MEMBERSHIPS 15,698. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR.