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Our Financials

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT

As of December 31, 2015


ASSETS:

Utility Plant - $209,570,900

Accumulated Depreciaton - 71,457,847

Net Value of Utility Plant - $138,113,053

Other Property and Investments - $29,535,973

Current Assets-Cash- General - 1,433,005

Current Assets-Temporary Investments - 0

Current Assets-Accounts Receivable (Less Provision for Doubtful Accounts) - 7,236,913

Current Assets-Other Receivables - 142,125

Current Assets-Materials and Supplies (At Average Cost) - 1,241,673

Current Assets-Other Current and Accrued Assets - 237,827

Total Current Assets - $10,291,543

Deferred Charges$89,343

Total Assets - $178,029,912


INCOME / EXPENSE STATEMENT

INCOME

Electricity and Other Electric Revenue - $75,034,949 (95.68%)

Non-Operating Income--Other - 1,973,199 (2.52%)

Non-Operating Income--Patronage Capital - 1,410,768 (1.80%)

TOTAL INCOME - $78,418,916 (100.000%)

EXPENSES

Cost of Purchased Power - $48,850,067 (62.29%)

Operation and Maintenance - 16,182,030 (20.63%)

Depreciation and Amortization - 6,311,595 (8.05%)

Interest - 3,146,007 (4.01%)

Other Deductions - 87,997 (0.11%)

TOTAL EXPENSE - $74,577,696 (95.09%)

NET MARGIN - $3,841,220(4.91%)

EQUITIES AND LIABILITIES:

Equities & Margins-Memberships - 131,676

Equities & Margins-Patronage Capital - 93,832,901

Equities & Margins-Other  (Deficit) - (12,115,967)

Total Equities & Margins - $81,848,610

 

Long-Term Debt--CFC - $ 5,164,831

Long-Term Debt-FFB and RUS - 37,313,340

Long-term Debt--CoBank - 10,458,289

Total Long-term Debt Owed - $52,936,460

 

Other Non-Current Liabilities-Accumulated Provisions - 12,067,100

Other Non-Current Liabilities-Unfunded Pension Liability - 11,067,499

Total Other Non-Current Liabilities - $23,134,599

 

Current Liabilities- Accounts Payable - 7,397,651

Current Liabilities-Accumulated Provisions - 351,800

Current Liabillities-Notes Payable - 5,031,140

Current Liabilities-Consumer Deposits - 1,554,588

Current Liabilities-Taxws Accrued - 342,026

Current Liabilities-Patronage Capital Payable - 1,320,942

Current Liabilities-Other Current & Accrued - 2,242,330

Total Current Liabilities - $18,240,477

Deferred Credits - $1,869,766

Total Equities And Liabilities - $178,029,912

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