2026-08-10T16:56:23-05:00 2025-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2025-01-01 720362325 JEFFERSON DAVIS ELECTRIC COOPERATIVE INC JEFF 3378244330 906 N LAKE ARTHUR AVE JENNINGS LA 70546 MICHAEL HEINEN CEO 3378244330 2026-08-07 1 PATRICK COOPER P00856177 8067473806 2026-08-07 X 2025 2025-03-06 01:10:19Z MICHAEL HEINEN 906 N LAKE ARTHUR AVE JENNINGS LA 70546 34492763 0 X WWW.JDEC.ORG X 1941 LA TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. 9 9 61 0 0 0 0 0 31080016 34299065 46352 40184 106696 63032 31233064 34402281 1500 2903 0 0 5530374 5934750 0 0 0 26448121 29007774 31979995 34945427 -746931 -543146 244366013 304696730 223200967 284125090 21165046 20571640 THE AIM OF JEFFERSON DAVIS ELECTRIC COOPERATIVE, INC., IS TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST, CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 SALES OF ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 11,052 ACTIVE SERVICES AT YEAR END. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 61 1 0 0 0 0 0 36604427 359345 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 0 X TARA GUINN CFO 3378244330 906 N LAKE ARTHUR AVE JENNINGS LA 70546 X JOSEPH TUPPER JR PRESIDENT 2.12 X X 36269 0 0 WILSON DEAN LANDRY DIRECTOR 2.04 X 35869 0 0 KEVIN SONNIER DIRECTOR 1.17 X 35269 0 0 JOHN BERKEN SECRETARY/TREASURER 1.42 X X 35169 0 0 REGGIE MURPHY DIRECTOR 1.31 X 35069 0 0 HERMAN PRECHT III VICE PRESIDENT 1.08 X X 34602 0 0 BYRON HARDEE DIRECTOR 3.08 X 19688 0 0 JAMES DOXEY DIRECTOR 1.17 X 3600 0 0 MARTIN ZAUNBRECHER DIRECTOR 0.94 X 3400 0 0 MICHAEL HEINEN CHIEF EXECUTIVE OFFICER 50.00 X 207702 0 205767 ERIC GAUTREAUX CHIEF OPERATING OFFICER 40.00 X 118347 0 52894 TARA GUINN CHIEF FINANCIAL OFFICER 40.00 X 85739 0 38383 JUSTIN NORTHCUTT WORKING FOREMAN 44.00 X 165131 0 44816 JORDAN RICHARD JOURNEY LINEMAN 44.00 X 157937 0 39267 JUSTIN RINGUET WORKING FOREMAN 44.00 X 130387 0 47938 BRANDYN CARTER JOURNEY LINEMAN 44.00 X 140178 0 37356 DEVIN DUPLECHAIN JOURNEY LINEMAN 44.00 X 137572 0 31486 KIRK WELDON FORMER DIRECTOR 0.00 X 13740 0 0 1395668 0 497907 18 1 1 0 QUANTA INFRASTRUCTION 7101 COLLEGE BLVD STE 1500 OVERLAND PARK KS 66210 LINE CONSTRUCTION 59483328 EP BREAUX UTILITY SERVICES 1142 CONVENTION ST BATON ROUGE LA 70802 SUBSTATION CONSTRUCTION 15312016 ROYAL ENGINEERING 1501 RELIGIOUS ST STE C NEW ORLEANS LA 70130 ENGINEERING CONSULTING 4670914 CONTRACT LAND STAFF PO BOX 4458 HOUSTON TX 77210 LAND RIGHTS 1313397 BOOTH & ASSOCIATES LLC 2300 REWOODS RD STE 300 RALEIGH NC 27607 ENGINEERING 1290804 13 X SALES OF ELECTRICITY 221000 33701881 33701881 PATRONAGE DIVIDENDS 221000 597184 597184 34299065 34349 34349 20400 4841 15559 15559 15559 28900 23065 5835 5835 5835 11583 62576 -50993 -50993 POLE ATTACHMENT INCOME 221000 98466 98466 98466 34402281 34253907 0 148374 X 2903 947767 3240643 361298 1141669 243373 2996871 1978132 PURCHASED POWER 18185845 DISTRIBUTION EXPENSE 2602647 ADMIN & GENERAL EXPENSE 1811179 CONSUMER EXPENSE 563394 869706 34945427 11033341 25681292 57108 59212 81505094 79464976 2538013 2420916 565949 1316832 158341209 13052555 85921983 145288654 3794869 4097212 58949656 46367636 244366013 304696730 32683625 74376201 188524066 208321671 1993276 1427218 223200967 284125090 X 39180 39840 0 0 21125866 20531800 21165046 20571640 244366013 304696730 X -543146 -50260 X X 0 1 X 0 1 1 5801406 5801406 1136028 994941 141087 77857838 12057614 65800224 73545937 73545937 145288654 REGULATORY ASSET 21461526 INTEREST REGULATORY ASSET 20767398 UNBILLED REVENUE 2658612 INTEREST & DIVIDEND RECEIVABLE 7414 ENTERGY INTERCONNECT FEE 1472686 46367636 CONSUMER DEPOSITS 172453 POST-RETIREMENT BENEFIT OBLIGATION - ACTUARIAL GAIN 1254765 1427218 X 34402281 0 34402281 0 34402281 34945427 0 34945427 0 34945427 PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 WHICH ALSO REQUIRES THE DISCLOSURE OF OPEN TAX YEARS SUBJECT TO EXAMINATION AND THE POLICY FOR CLASSIFYING INTEREST AND PENALTIES, THE COOPERATIVE HAS PERFORMED AN EVALUATION AND DETERMINED THAT NO UNCERTAIN TAX LIABILITIES OR POSITIONS EXIST FOR THE YEAR ENDED DECEMBER 31, 2025. THE COOPERATIVE FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE COOPERATIVE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR A PERIOD OF THREE YEARS BEYOND THE FILING OF THOSE RETURNS. PART VIII: THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 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 VIII HAS BEEN LEFT BLANK. X 0 0 0 MICHAEL HEINEN CHIEF EXECUTIVE OFFICER 198666 0 1015 0 8021 0 172607 0 33160 0 413469 0 0 0 JUSTIN NORTHCUTT WORKING FOREMAN 163476 0 1083 0 572 0 14663 0 30153 0 209947 0 0 0 JORDAN RICHARD JOURNEY LINEMAN 156270 0 1083 0 584 0 15600 0 23667 0 197204 0 0 0 JUSTIN RINGUET WORKING FOREMAN 128714 0 1083 0 590 0 17697 0 30241 0 178325 0 0 0 BRANDYN CARTER JOURNEY LINEMAN 138541 0 1083 0 554 0 13689 0 23667 0 177534 0 0 0 ERIC GAUTREAUX CHIEF OPERATING OFFICER 115876 0 1083 0 1388 0 22435 0 30459 0 171241 0 0 0 DEVIN DUPLECHAIN JOURNEY LINEMAN 136161 0 1083 0 328 0 7824 0 23662 0 169058 0 0 0 KIRK WELDON FORMER DIRECTOR 13740 0 0 0 0 0 0 0 0 0 13740 0 0 0 PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MICHAEL HEINEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 164,607 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,000 TOTAL REPORTED IN COLUMN C $ 172,607 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (164,607) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,840 EXPENSE TO THE COOPERATIVE $ 45,840 JUSTIN NORTHCUTT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 10,353 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,310 TOTAL REPORTED IN COLUMN C $ 14,663 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (10,353) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,480 EXPENSE TO THE COOPERATIVE $ 23,790 JORDAN RICHARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,499 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,101 TOTAL REPORTED IN COLUMN C $ 15,600 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,499) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,496 EXPENSE TO THE COOPERATIVE $ 22,597 JUSTIN RINGUET: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,655 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,312 TOTAL REPORTED IN COLUMN C $ 17,967 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,655) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,480 EXPENSE TO THE COOPERATIVE $ 23,792 BRANDYN CARTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 9,613 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,076 TOTAL REPORTED IN COLUMN C $ 13,689 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (9,613) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,496 EXPENSE TO THE COOPERATIVE $ 22,572 ERIC GAUTREAUX: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,767 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,668 TOTAL REPORTED IN COLUMN C $ 22,435 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,767) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 21,435 EXPENSE TO THE COOPERATIVE $ 26,103 DEVIN DUPLECHAIN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 3,717 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,107 TOTAL REPORTED IN COLUMN C $ 7,824 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (3,717) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,496 EXPENSE TO THE COOPERATIVE $ 22,603 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 DIRECTORS. 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, REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE GENERAL MANAGER ON A YEARLY BASIS. THE BOARD OF DIRECTORS AND THE GENERAL MANAGER DETERMINE THE COMPENSATION FOR THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY, ON A YEARLY BASIS. 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 COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT 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. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, 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 2B: 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 EXPENSES 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 AN RUS BORROWER, THE ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE RURAL UTILITIES SERVICE (RUS) UNIFORM SYSTEM OF ACCOUNTS (USOA). THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY STATES 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, 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 $ 4,188,410 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (238,935) LESS: EMPLOYEE OFFICER BENEFITS REPORTED ON LINE 5 (297,044) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 905,280 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 241,419 TOTAL WAGES ACCRUED AND/OR PAID $ 4,799,130 FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: SELLING EXPENSES $ 5,501 TAXES 342,005 TRANSMISSION 377,101 OTHER DEDUCTIONS 145,099 TOTAL OTHER EXPENSES PER PART IX $ 869,706 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 MARGINS 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 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 COOPERATIVE'S 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 CURRENT 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, 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. EACH GRANT, SPONSORSHIP, AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II. FORM 990, PART IX, LINE 24B: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 1,429,089 OFFICE SUPPLIES 617,709 OUTSIDE SERVICES 517,484 INSURANCES 103,242 MISCELLANEOUS GENERAL 484,731 MAINTENANCE OF GENERAL PLANT 134,401 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 3,286,656 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (238,935) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (792,930) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (443,612) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,811,179 FORM 990, PART XI, LINE 9: NET CHANGE IN MEMBERSHIPS 660. ESTATE RETIREMENTS -57,200. OTHER ADJUSTMENTS 6,280. FORM 990, PART XII, LINE 2C: THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR.