Phone: 903-846-2311 or 800-794-2919
Report an Outage: 877-707-2232
Report an Outage: 877-707-2232
BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT
As of December 31, 2020
Utility Plant - $229,939,290
Construction Work in Progress - $12,479,131
Accumulated Depreciaton - $99,511,321
Net Value of Utility Plant - $142,907,100
Investments in Associated Organizations - $30,816,587
Investments in Capital Term Certificates - $1,358,241
Other Property and Investments -$32,174,828
Cash- General - $2,327,899
Cash - Loan Funds - $2,000,001
Accounts Receivable (Less Provision for Doubtful Accounts) - $7,806,593
Materials and Supplies (At Average Cost) - $1,338,066
Current Assets-Other Current and Accrued Assets - $267,099
Total Current Assets - $13,739,658
Deferred Charges - $1,034,074
Total Assets - $189,855,660
Electricity and Other Electric Revenue - $70,256,682
Non-Operating Income--Other - $1,056,719
Non-Operating Income--G&T and other Capital Credits - $881,989
TOTAL INCOME - $72,195,390
Cost of Purchased Power - $42,282,413
Operation and Maintenance - $8,867,689
Consumer Accounts Expense - $1,659,504
Administration & General Expense - $3,670,785
Depreciation and Amortization - $7,274,082
Other Deductions - $74,467
Interest on Long Term Debt - $2,214,668
TOTAL EXPENSE - $66,043,608
NET MARGIN - $6,151,782
Equities & Margins-Patronage Capital - $11,574,572
Accumulated Other Comprehensive Income (Loss) - ($11,014,263)
Equities & Margins-Other (Deficit) - ($143,668)
Total Equities & Margins - $100,416,641
Long-Term Debt--CFC - $ 3,869,493
Long-Term Debt-FFB - $44,194,725
Long-term Debt--CoBank - $3,143,355
Total Long-term Debt Owed - $51,207,573
Other Non-Current Liabilities-Accumulated Provisions - $8,567,240
Other Non-Current Liabilities-Unfunded Pension Liability - $12,844,497
Total Other Non-Current Liabilities - $21,411,737
Current Liabilities- Accounts Payable - $5,313,529
Note Payable - Cass County Bank - $1,972,00
Current Liabilities-Accumulated Provisions - $289,829
Current Liabillities-Notes Payable - $2,775,389
Current Liabilities-Consumer Deposits - $1,437,687
Current Liabilities-Taxes Accrued - $376,823
Current Liabilities-Patronage Capital Payable - $2,154,827
Current Liabilities-Other Current & Accrued - $2,354,982
Total Current Liabilities - $16,675,066
Deferred Credits - $144,643
Total Equities And Liabilities - $189,855,660