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Our Financials

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT

As of December 31, 2020


ASSETS:

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


INCOME / EXPENSE STATEMENT

INCOME

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

EXPENSES

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 AND LIABILITIES:

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

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