Beartooth Electric Cooperative Regular Board Meeting Friday

Transcription

Beartooth Electric Cooperative
Regular Board Meeting
Friday February 24, 2014
12:00 PM RLACF
Agenda
1. Call Meeting to Order
2. Pledge
3. Visitors Comments
4. Approve Agenda
5. Approve Minutes
January 6, 2014 Special Board meeting-2014 Budget
January 24, 2014 Regular Board meeting
6. Committee/Trustee/Attorney Reports
Finance Committee-No meeting
Communications Committee (Roxie Melton) No meeting
Due Diligence Committee (Arleen Boyd) February 17th Meeting
Legal Liaison (Arleen Boyd)
Policy Committee (Laurie Beers) No meeting
Southern Montana Electric Generation & Transmission Cooperative, Inc. (Southern) &
SME Generation and Transmission Cooperative, Inc. (SME) (Arleen Boyd, Laurie Beers
and Pat Hoffman)
CONSENT AGENDA (Items 6-9, shown in blue)
7. Membership Connections
8. Membership Cancellations
9. Capital Credit to Estates
10. Accept Year End RUS Operating Reports
December RUS Form 7
Financial and Statistical Report
Comparative Balance Sheet
Financial Graphs
Cash Flow Statement
Check Register
Summary of Attorney Fees
Disconnects Non-Pays
11. Manager's Report
Member Services Report
- Select Town Hall Meeting locations, dates and times
- Select MECA Memorial Scholarship Candidate
Interim Line Superintendent Report
Interim Director of Finance Report
12. New Business
Board Resolution approving the write offs for 2014
2013 RUS Annual Report-FYI only
13. Old Business
14. Upcoming Meetings
Mediation hearing January 23, 2014-- 8:00AM Billings
February 25, 2014 Bankruptcy hearing-9:00AM Billings
February 28, 2014 Central MT G&T 9:00AM GF
March 5, 2014 Finance Committee Meeting BEC Office 11:00AM (lunch provided)
March 25, 2014 Board Meeting 12:00PM RLACF
15. Visitor Comments
16. Executive Session
17. Executive Action
18. Adjourn
BEC Board Book 2014 02 24 Page 1
Beartooth Electric Cooperative (BEC)
Minutes of the Board of Trustees
Friday January 24, 2014
Red Lodge Area Community Foundation (RLACF)
Summary of key action and discussion of the Board:
The board donated the currently in use derrick digger to the National Rural Electric
Cooperative Association (NRECA) Foundation
The board accepted the 15 year load forecast prepared by K W Consulting.
Call to Order: Board chair, Roxie Melton, called the meeting to order at 12:20 pm with the pledge of
allegiance. All board members were present in person or on the telephone.
Present: Presiding:
Roxie Melton, Chair
Dan Dutton, Dick Nolan (Dick), Pat Hoffman, Dan Dutton,
Arleen Boyd, Laurie Beers
David Peterson, by telephone
Richard Peck (Richard), Interim General Manager
Eric Elton, Interim Line Superintendent
Frank Willett, by telephone
Judith Gregory, recording
A few visitors.
Visitor comments. Bruce Austin and Bill Hand spoke in favor of liquidating Southern Montana
G&T(Southern) to resolve its bankruptcy. Bill has been gathering member signatures to support
liquidation.
Agenda. With a few additions,
Arleen moved and Laurie seconded to approve the agenda.
Motion carried unanimously.
Executive session. The board went into executive session at 12:30 to discuss a personnel issue. The
regular meeting resumed at 12:38.
Report from Interim Line Superintendent: Eric. Eric reported that since BEC has resumed regular line
and pole inspection and replacement, it is about two years behind in its maintenance program but
rapidly catching up. He presented a new fleet management report that will help BEC ascertain each
vehicle’s operational cost, which will help to determine when to replace vehicles. The safety consultant from Federated Rural Electric Insurance Exchange, BEC’s insurer, visited with Eric and noted only minor compliance issues, which Eric has addressed. The new derrick digger will arrive in
late February or early March, once BEC has inspected and approved the vehicle. Eric recommends
donating the old digger to the NRECA Foundation. Eric has worked with BEC’s insurance adjustors to obtain appropriate payment for a member whose appliances were destroyed as a result of BEC’s fault.
Approval of minutes.
Pat moved and Dick seconded to approve the minutes of the regular board meeting of
December 30.
Motion passed unanimously.
Pat moved and Arleen seconded to table approval of the minutes of the regular board
meeting of January 6th.
Motion passed unanimously.
Committee reports. The Policy Committee report was presented later in the meeting. The Due
Diligence Committee report was reported later in executive session. The Communication Committee
met on January 16th to discuss the member petition to liquidate Southern. Arleen reported that she and
Laurie are working to coordinate Southern and BEC member concerns as they work through Southern’s bankruptcy and governance issues.
Montana Electric Cooperative Association (MECA) report: Pat. See attached report. Pat presented the
draft policy proposal for the retention of unclaimed patronage refunds, which the board will review at
its next meeting. A clear policy is required for the educational use of these credits. The next MECA
meeting will be in Billings on July 7th and 8th.
Consent Agenda. Richard noted the October storm cost BEC about $200,000, in his financial
presentation. He noted that board expenses, while high because of the bankruptcy costs, were
nonetheless on budget.
The board accepted the consent agenda.
Manager’s Report. Richard noted that BEC continues to see growing participation in the electronic
billing program. BEC is changing its credit card vendor and issuing new credit cards to the board and
new cards to employees. The new vendor will provide a rebate on purchases to BEC. Its use among
employees will reduce the number of reimbursement checks BEC must write. Since Bob Walker was not
present, Richard mentioned that Bob is closing out financial records and work orders for the year ending
December 31st.
New Business:
Approval of the Load Forecast Resolution: Richard. The Rural Utility Service (RUS) requires a 15 year
forecast, although the board agreed that anything beyond three years was not reliable. Richard
recommended that BEC develop a policy to review the load forecast every year and update it every
three years.
Pat moved and Dick seconded that the board accept the Montana 19 Stillwater Load Forecast
prepared by K W Consulting. See attached resolution.
The motion carried unanimously.
Donation of current derrick digger vehicle to NRECA Foundation. The existing vehicle will be replaced
with the new vehicle by the beginning of March, as noted above.
Arleen moved and David seconded that upon recommendation of management, the current
derrick digger be donated to the NRECA Foundation.
Dan moved and Dick seconded to amend the motion to ask BEC’s management to insure that as a condition of the donation, BEC be held harmless from any adverse consequence of the
use or delivery of the vehicle once BEC makes the donation.
The amendment to the original motion passed unanimously.
The original motion thus amended passed unanimously.
Old Business: Review of 200 and 300 series revised board policies. The 200 series covers board
policies; the 300 covers financial policies. Laurie led a discussion about proposed changes to these
policies. She will email red lined versions of the changes proposed by board members for their final
review after which Kaaren Robbins will finalize the policies for review by Larry Martin, BEC’s counsel. Executive Session. At 4 P.M. Roxie adjourned the meeting to executive session to discuss the
mediation among Southern, Southern’s member coops, including BEC, and the note holder creditors of
Southern.
At 4:55, Roxie reopened the meeting and adjourned it.
Upcoming Meetings:
Regular board meeting, February 24, 2014 at 12 PM at RLACF
February 25, 2014 at 9 AM, bankruptcy hearing, Billings
Judith Gregory, Recording
__________________________________
Pat Hoffman, Secretary, attest
Attachments
1. MECA report
2. Resolution authorizing acceptance of the load forecast
MECA REPORT
At the January 8, 2014 MECA Board Meeting, there were two new subcommittees formed which will deal with the emerging issues related to
distributed generation and possible legislation to address liability concerns on
utility right-of-ways. I volunteered to serve on those committees and indicated
BEC might have other board members who would also like to serve on either or
both of those sub-committees. I forwarded a copy of the MECA Board Wrap-Up
of the meeting to all board members which explain the need to address these
issues. One of these concern an issue in which BEC is at the present dealing with
in the Eagle Mountain fire claim.
MECA also has prepared a model policy on unclaimed capital credits to help
eliminate disparity among the co-ops on the expenditure of unclaimed capital
credits for educational purposes in order to ensure uniform compliance with the
intent of Montana law. I have prepared copies for board members’ review and would encourage BEC to adopt this policy.
Yellowstone Valley Electric will host the summer MECA board meeting to be held
July 8 – 9, 2014 in Billings.
Respectfully submitted,
Pat Hoffman
MECA Board Member
FEBRUARY 24TH, 2014
MEMBERSHIP CONNECTIONS
KAYE LANI ALLEN
SETH AND CHARITY BLACKBURN
BARBARA A BROWN
C-M RANCH LLC-RON WALKER
DALE EMERY
GREG AND BONNIE FINK
TIFFANY GEBHARDT
DAVE KENDRICK
WILLIAM R AND GWYNNE L KIENITZ
TIFFANY LINDGREN
SUSAN MAKI
MARY J MUSSETTER
ROBERT NICHOLAS
DOYLE AND MICHELLE PARKER
RYAN PETTYJOHN
DAVID PONTO
RICELAND PROPERTIES LLC-ROBERT MCGEHEE
ROBIN ROGERS AND MEL ASKINS
CHRISTINA AND CALVIN ROORDA
TY ROPP
MICHAEL SMITH
FORMERLY DAN RAY
REINSTATE MEMBERSHIP #11462
FORMERLY PAUL J BLACKBURN
NEW SERVICE
FORMERLY TERRIANN LINN-WATSON
FORMERLY THOMAS PRICE
FORMERLY CHRISTINE S AND RAYMOND W RAYMOND
FORMERLY JOHN WEBB
FORMERLY WILLIAM R KITTS
FORMERLY MELISSA AND THOMAS RICKBEIL
FORMERLY CHARLES MUSSETTER JR
FORMERLY RON AND JAYNE BARNES
FORMERLY RYAN AND LORI RUOPSA
FORMERLY HERZOG FARMS INC
FORMERLY SANDRA M ARMOGOST
FORMERLY MICHAEL S HOOKS
FORMERLY ROBERT M AND DEBRA P HULL
FORMERLY MERLE PEDERSON
MEMBERSHIP CANCELLATIONS
SANDRA M ARMOGOST
RON AND JAYNE BARNES
HELEN M BOHNERT
PAUL J BROWN
BERTHA F HOWLAND
WILLIAM R KITTS
TERRIANN LINN-WATSON
CHARLES MUSSETTER JR
LAINE MYERS
TRAVIS NEATER
MERLE PEDERSON
THOMAS PRICE
DAN RAY
MELISSA AND THOMAS RICKBEIL
THOMAS RICKBEIL
BRAIN L ROH AND ERROL DAVIS
KOBI SCHAFF
JOSEPH T SKAVDAHL DVM
JAMES M AND CAROLYN WEAVER
JOHN WEBB
CYNTHIA WITTMAN AND JENELL MCELHINNY
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CANCEL
CAPITAL CREDITS
BEVERLY A AND CARL ALT
CARL R ALT
MELVIN P HOINESS
O E LEE
TOTALS
Capital Credit
Allocated
$ 588.11
$ 267.98
$2,199.29
$ 181.02
$3,236.40
Inactive AR
$ 100.28
________
$ 100.28
Discounted
Refund to Member
$ 419.45
$ 11.32
$1,358.23
$ 110.74
$1,899.74
Retained by Co-Op
$ 168.66
$ 156.38
$ 841.06
$ 70.28
$1,236.38
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB
control number. The valid OMB control number for this information collection is 0572-0032. The time required to complete this information collection is estimated to average 15 hours per
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UNITED STATES DEPARTMENT OF AGRICULTURE
RURAL UTILITIES SERVICE
FINANCIAL AND OPERATING REPORT
ELECTRIC DISTRIBUTION
BORROWER DESIGNATION
MT0019
PERIOD ENDED
December 31, 2013
BORROWER NAME
BEARTOOTH ELEC COOP INC
INSTRUCTIONS-See help in the online application
This information is analyzed and used to determine the submitter's financial situation and feasibility for loans and guarantees. You are required by contract
and applicable regulations to provide the information. The information is subject to the Freedom of Information Act (5 U.S.C. 552)
CERTIFICATION
We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making
of a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.
We hereby certify that the entries in this report are in accordance with the accounts and other records of the
system and reflect the status of the system to the best of our knowledge and belief.
ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING
PERIOD AND RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES.
DURING THE PERIOD COVERED BY THIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XVII
(check one of the following)
___X___
_________
All of the obligations under the RUS loan documents have been fulfilled in all material respects.
There has been a default in the fulfillment of the obligations under the RUS loan documents. Said default(s) is/are
specifically described in Part D of this report.
2/7/2014
Brad Prophet
BRAD PROPHET, ACCOUNTANT
DATE
2/7/2014
Richard G. Peck
RICHARD G. PECK, INTERIM GENERAL MANAGER
ITEM
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
PART A. STATEMENT OF OPERATIONS
YEAR-TO-DATE
LAST YEAR
THIS YEAR
Operating Revenue and Patronage Capital..............................
Power Production Expense......................................................
Cost of Purchased Power.........................................................
Transmission Expense.............................................................
Regional Marketing Expense………………………………………
Distribution Expense-Operation................................................
Distribution Expense-Maintenance...........................................
Consumer Accounts Expense..................................................
Customer Service and Informational Expense..........................
Sales Expense........................................................................
Administrative and General Expense.......................................
Total Operation and Maintenance Expense (2 thru 11)............
Depreciation and Amortization Expense..................................
Tax Expense - Property and Gross Receipts...........................
Tax Expense - Other...............................................................
Interest on Long-Term Debt....................................................
Interest Charged to Construction - Credit................................
Interest Expense - Other.........................................................
Other Deductions....................................................................
Total Cost of Electric Service (12 thru 19)...............................
Patronage Capital and Operating Margins (1 minus 20)..........
Non Operating Margins - Interest............................................
Allowance for Funds Used During Construction.......................
Income (Loss) from Equity Investments...................................
Non Operating Margins - Other...............................................
Generation and Transmission Capital Credits..........................
Other Capital Credits and Patronage Dividends......................
Extraordinary Items.................................................................
Patronage Capital or Margins (21 thru 28)...............................
RUS Financial and Operating Report Electric Distribution
DATE
(a)
10,216,631
0
4,928,454
5,640
0
1,007,995
518,272
254,272
75,015
12,504
1,095,435
7,897,587
844,678
843
2,148
663,068
0
26,518
1,800
9,436,642
779,989
53,559
0
0
(3,947,041)
0
42,665
0
(3,070,828)
(b)
10,460,025
0
5,003,796
4,436
0
819,543
864,289
254,661
47,200
26,366
1,338,015
8,358,306
860,945
0
2,515
642,126
0
16,256
1,800
9,881,948
578,077
9,481
0
0
7,076
0
48,947
0
643,581
BUDGET
(c)
10,332,852
0
4,716,380
5,576
0
932,061
729,389
256,731
55,001
35,000
1,129,901
7,860,039
870,850
0
1,840
658,452
0
17,985
1,800
9,410,966
921,886
14,986
0
0
0
0
48,270
0
985,142
THIS MONTH
(d)
1,115,222
0
576,677
357
0
55,262
66,861
19,000
4,144
1,178
165,223
888,702
73,669
0
240
54,912
0
1,374
150
1,019,047
96,175
1,016
0
0
2,129
0
7,299
0
106,619
BEC Board Book 2014 02Rev
242010
Page 9
USDA - RUS
MT0019
PERIOD ENDED
December 31, 2013
PART B. DATA ON TRANSMISSION AND DISTRIBUTION PLANT
YEAR-TO-DATE
YEAR-TO-DATE
LAST YEAR
THIS YEAR
ITEM
LAST YEAR
THIS YEAR
ITEM
(a)
1. New Services Connected
(b)
57
(a)
88
(b)
15.21
15.21
1,284.49
1300.07
448.84
461.84
1,748.54
1,777.12
5. Miles Transmission
6. Miles Distribution-
63
2. Services Retired
47
Overhead
7. Miles Distribution-
3. Total Services in Place
6,303
6,530
4. Idle Services
(Exclude Seasonal)
Underground
8.Total Miles Energized
682
773 (5 + 6 + 7)
PART C. BALANCE SHEET
ASSETS AND OTHER DEBITS
1. Total Utility Plant in Service...........................................
2. Construction Work in Progress......................................
3. Total Utility Plant (1 + 2).................................................
4. Accum. Provision for Depreciation and Amort................
5. Net Utility Plant (3 - 4)....................................................
6. Non-Utility Property - Net...............................................
7. Investments In Subsidiary Companies...........................
8. Invest. In Assoc. Org. - Patronage Capital....................
9. Invest. In Assoc. Org. - Other - General Funds..............
10. Invest. In Assoc. Org. - Other -Nongeneral Funds........
11. Investments In Economic Development Projects..........
12. Other Investments........................................................
13. Special Funds...............................................................
14. Total Other Property and Investments (6 thru 13)........
15. Cash - General Funds...................................................
16. Cash - Construction Fund - Trustee..............................
17. Special Deposits...........................................................
18. Temporary Investments................................................
19. Notes Receivable (Net).................................................
20. Accounts Receivable - Sales of Energy (Net)................
21. Accounts Receivable - Other (Net)................................
22. Renewable Energy Credits..........................................
23. Materials and Supplies - Electric and Other..................
24. Prepayments.................................................................
25. Other Current and Accrued Assets...............................
26. Total Current and Accrued Assets (15 thru 25).............
27. Regulatory Assets.........................................................
28. Other Deferred Debits....................................................
29. Total Assets and Other Debits (5+14+26 thru 28).........
LIABILITIES AND OTHER CREDITS
28,455,027
103,807
28,558,834
12,576,644
15,982,190
0
0
305,229
0
295,092
0
0
0
600,321
109,395
1
0
491,442
0
1,375,284
10,578
0
309,450
182,333
2,849
2,481,332
0
76,802
19,140,645
30. Memberships...............................................................
31. Patronage Capital........................................................
32. Operating Margins - Prior Years...................................
33. Operating Margins - Current Year................................
34. Non-Operating Margins................................................
35. Other Margins and Equities..........................................
36. Total Margins and Equities (30 thru 35)........................
37. Long-Term Debt - RUS (Net)........................................
38. Long-Term Debt - FFB - RUS Guaranteed....................
39. Long-Term Debt - Other - RUS Guaranteed.................
40. Long-Term Debt - Other (Net)......................................
41. Long-Term Debt - RUS - Econ. Devel. (Net)................
42. Payments-Unapplied
43. Total Long-Term Debt (37 thru 41-42)..........................
44. Obligations Under Capital Leases-Noncurrent..............
45. Accumulated Operating Provisions..............................
0
3,831,691
0
578,077
65,504
175,899
4,651,171
544,645
7,412,635
0
5,304,320
0
0
13,261,600
0
0
and Asset Retirement Obligations
46. Total Other Noncurrent Liabilities (44+45)....................
47. Notes Payable..............................................................
48. Accounts Payable........................................................
49. Consumers Deposits....................................................
50. Current Maturities Long-Term Debt...............................
51. Current Maturities Long-Term Debt-Ec.Dev..................
52. Current Maturities Capital Leases................................
53. Other Current and Accrued Liabilities............................
54. Total Current and Accrued Liabilities (47 thru 53)..........
55. Regulatory Liabilities.....................................................
56. Other Deferred Credits..................................................
0
0
823,009
69,810
0
0
0
317,172
1,209,991
0
17,883
57. Total Liabilities and Other Credits
(36+43+46+54 thru 56)...............................................
19,140,645
PART D. NOTES TO FINANCIAL STATEMENTS
THIS SPACE IS PROVIDED FOR IMPORTANT DISCLOSURE NOTES TO THE FINANCIAL STATEMENT CONTAINED IN THIS REPORT.
(A SEPARATE SHEET MAY BE USED IF ADDITIONAL SPACE IS NEEDED.)
Rev 2010
USDA - RUS
FINANCIAL AND STATISTICAL REPORT
MT019
PERIOD ENDED
RUS USE ONLY
INSTRUCTIONS - See RUS Bulletin 1717B-2
December 31, 2013
PART R. POWER REQUIREMENTS DATA BASE
CONSUMER
SALES
AND
REVENUE DATA
CLASSIFICATION
a. No.Consumers Served
1. Residential Sales
b. kWh Sold
(excluding seasonal)
c. Revenue
$
JANUARY
FEBRUARY
MARCH
APRIL
(a)
(b)
(c)
(d)
MAY
JUNE
(e)
(f)
5,331
5,335
5,340
5,349
5,354
5,369
5,546,500
4,637,881
4,400,609
3,997,489
3,264,500
3,168,501
887,183.46
$
770,912.67
$
741,000.01
$
689,473.97
$
596,130.59
$
584,082.84
2. Residential Sales - b. kWh Sold
Seasonal
c. Revenue
3. Irrigation Sales
b. kWh Sold
c. Revenue
0
$
4. Comm. And Ind.
1000 kVa or Less
b. kWh Sold
c. Revenue
$
5. Comm. And Ind.
Over 10000 kVa
b. kWh Sold
c. Revenue
$
-
0
$
-
0
$
-
$
102
103
102
66,354
264,314
620,069
20,251.79
$
54,179.05
$
89,626.96
357
358
357
357
358
356
765,000
665,932
671,914
626,045
540,340
571,156
108,751.22
$
97,173.96
$
98,145.20
$
92,773.78
$
83,196.65
$
86,179.41
1
1
1
1
1
1
142,200
147,000
180,900
185,700
225,300
168,900
15,582.87
$
15,975.93
$
18,751.97
$
20,819.04
$
24,805.84
$
19,443.30
6. Public Street and
Highway Lighting
b. kWh Sold
c. Revenue
7. Other Sales to
b. kWh Sold
Public Auth.
c. Revenue
8. Sales for Resale RUS Borrowers
b. kWh Sold
c. Revenue
9. Sales for Resale Others
b. kWh Sold
c. Revenue
10. TOTAL No. Consumers (lines 1a - 9a)
11. TOTAL kWh Sold (lines 1b - 9b)
5,689
5,694
5,698
5,809
5,816
5,828
6,453,700
5,450,813
5,253,423
4,875,588
4,294,454
4,528,626
12. TOTAL Revenue Received From Sales of
Electric Energy (lines 1c - 9c)
$ 1,011,517.55
$
884,062.56
$
857,897.18
$
823,318.58
$
758,312.13
$
779,332.51
13. Transmission Revenue
14. Other Electric Revenue
15. kWh - Own Use
45,171
42,745
35,657
29,367
14,746
10,423
16. TOTAL kWh Purchased
7,483,495
6,212,506
6,150,704
5,543,934
5,023,208
5,260,453
17. TOTAL kWh Generated
0
0
0
0
0
0
18. Cost of Purchases and Generation
19. Interchange - kWh - Net
20. Peak - Sum All kWh Input (Metered)
o Coincident
x Non-Coincident
$
506,482.07
$
425,590.44
$
414,399.02
$
379,318.30
$
343,991.65
$
370,483.71
0
0
0
0
0
0
15,073
12,951
12,228
11,517
10,461
11,830
15.26%
13.19%
16.40%
13.11%
16.63%
15.93%
RUS Form 7 (Rev. 6-94)
Line Losses = (16.-11.-15.)./11. %
USDA - RUS
FINANCIAL AND STATISTICAL REPORT
MT019
PERIOD ENDED
INSTRUCTIONS - See RUS Bulletin 1717B-2
LINE
ITEM
NUMBER
1. Residential Sales b. kWh Sold
(excluding seasonal)
c. Revenue
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
TOTAL
(g)
(h)
(i)
(j)
(k)
(l)
(Contains a thru l)
5,393
a.#Consumers
5,396
3,901,530
$
RUS USE ONLY
December 31, 2013
678,725.14
5,391
3,718,577
$
655,099.07
5,395
3,166,591
$
584,658.01
5,391
3,821,874
$
664,687.63
5,391
4,348,820
$
735,805.67
$
6,229,422
50,202,294
976,406.45
$ 8,564,165.51
a.#Consumers
2. Residential Sales b. kWh Sold
Seasonal
3. Irrigation Sales
103
103
103
0
0
b. kWh Sold
991,792
758,295
259,022
0
0
Over 10000 kVa
$
121,416.99
$
101,744.66
$
59,004.26
$
-
$
-
-
0
0
$
-
2,959,846
$
446,223.71
a.#Consumers
357
357
357
357
358
358
b. kWh Sold
609,277
577,911
533,027
601,399
631,671
817,211
7,610,883
116,730.43
$ 1,125,949.36
1000 kVa or Less c. Revenue
5. Comm. And Ind.
$
a.#Consumers
c. Revenue
4. Comm. And Ind.
0
c. Revenue
$
90,794.63
$
87,688.95
$
81,521.96
$
89,452.48
$
93,540.69
$
a.#Consumers
1
1
1
1
1
1
b. kWh Sold
229,800
192,600
184,500
148,800
174,900
181,800
c. Revenue
$
25,081.34
$
20,454.07
$
21,464.77
$
17,611.33
$
17,981.64
$
18,639.67
2,162,400
$
236,611.77
a.#Consumers
6. Public Street and b. kWh Sold
0
Highway Lighting c. Revenue
$
-
$
-
$
-
$
-
a.#Consumers
7. Other Sales to
b. kWh Sold
Public Auth.
c. Revenue
0
a.#Consumers
8. Sales for Resale - b. kWh Sold
RUS Borrowers
0
c. Revenue
a.#Consumers
9. Sales for Resale - b. kWh Sold
Others
0
c. Revenue
10. TOTAL No. Consumers (lines 1a - 9a)
11. TOTAL kWh Sold (lines 1b - 9b)
5,854
5,857
5,852
5,753
5,750
5,750
5,732,399
5,247,383
4,143,140
4,572,073
5,155,391
7,228,433
62,935,423
1,111,776.55
$ 10,372,950.35
12. TOTAL Revenue Received From Sales of
Electric Energy (lines 1c - 9c)
$
916,018.10
$
864,986.75
$
746,649.00
$
771,751.44
$
847,328.00
$
13. Transmission Revenue
$
-
14. Other Electric Revenue
$
-
15. kWh - Own Use
12,414
13,179
12,702
29,657
39,803
50,457
336,321
16. TOTAL kWh Purchased
6,594,116
6,055,236
4,821,581
5,240,889
5,978,044
8,366,364
72,730,530
17. TOTAL kWh Generated
0
0
0
0
0
0
0
576,676.98
$ 5,003,796.38
18. Cost of Purchases and Genera $
19. Interchange - kWh - Net
20. Peak - Sum All kWh Input (Metered)
o Coincident x Non-Coincident
452,416.37
$
411,899.11
$
348,309.98
$
361,494.33
$
412,734.42
$
0
0
0
0
0
0
0
13,799
12,374
11,589
11,136
12,736
17,743
17,743
14.82%
15.14%
16.07%
13.98%
15.19%
15.04%
15.03%
BEARTOOTH ELECTRIC COOPERATIVE, INC.
COMPARATIVE BALANCE SHEET
December 31, 2013
CURRENT YEAR
LAST YEAR
DIFFERENCE
----------------------TOTAL UTILITY PLANT IN SERVICE
CONSTRUCTION WORK IN PROGRESS
TOTAL UTILITY PLANT
$28,455,027.23
$27,524,353.12
$930,674.11
103,807.23
220,341.21
-116,533.98
$28,558,834.46
$27,744,694.33
$814,140.13
-------------------- -------------------- -------------------ACCUMULATED PROVISION FOR DEPRECIATION
-$12,576,644.36
-$12,210,569.08
-$366,075.28
-------------------- -------------------- -------------------NET UTILITY PLANT
$15,982,190.10
$15,534,125.25
$448,064.85
-------------------- -------------------- -------------------INVEST. IN ASSOC. ORG.-PATRONAGE CAPITAL
$305,228.96
$279,453.76
$25,775.20
INVEST. IN ASSOC. ORG. NON-GENERAL FUNDS
295,091.83
296,372.70
-1,280.87
-------------------- -------------------- -------------------TOTAL OTHER PROPERTY & INVESTMENTS
$600,320.79
$575,826.46
$24,494.33
-------------------- -------------------- -------------------CASH - GENERAL FUNDS
CASH - CONSTRUCTION FUND - TRUSTEE
TEMPORARY INVESTMENTS
$109,394.80
$1,092,782.02
1.00
1.00
-$983,387.22
0.00
491,441.67
269,247.98
222,193.69
-------------------- -------------------- -------------------TOTAL CASH ON HAND
NOTES RECEIVABLE
ACCOUNTS RECEIVABLE SALES OF ENERGY (NET
ACCOUNTS RECEIVABLE - OTHER (NET)
$600,837.47
$1,362,031.00
$0.00
$0.00
-$761,193.53
$0.00
1,375,283.86
1,223,252.78
152,031.08
10,578.49
6,693.32
3,885.17
MATERIAL AND SUPPLIES - ELECTRIC & OTHER
309,450.30
272,638.84
36,811.46
PREPAYMENTS
182,333.24
27,762.67
154,570.57
2,848.70
5,727.91
-2,879.21
OTHER CURRRENT AND ACCRUED ASSETS
-------------------- -------------------- -------------------TOTAL CURRENT AND ACCRUED ASSETS
$2,481,332.06
$2,898,106.52
-$416,774.46
-------------------- -------------------- -------------------OTHER DEFERRED DEBITS
$76,802.22
$52,485.27
$24,316.95
-------------------- -------------------- -------------------TOTAL ASSETS AND OTHER DEBITS
$19,140,645.17
$19,060,543.50
$80,101.67
==================== ==================== ====================
----------------------------MEMBERSHIPS
PATRONAGE CAPITAL
OPERATING MARGINS- CURRENT YEAR
NON-OPERATING MARGINS
OTHER MARGINS AND EQUITIES
$0.00
$0.00
$0.00
3,831,691.13
7,029,791.52
-3,198,100.39
578,076.40
779,989.26
-201,912.86
65,504.16
-3,850,816.96
3,916,321.12
175,899.23
76,507.91
99,391.32
-------------------- -------------------- -------------------TOTAL MARGINS AND EQUITIES
$4,651,170.92
$4,035,471.73
615,699.19
-------------------- -------------------- -------------------LONG-TERM DEBT -RUS (NET)
$544,644.77
$564,257.03
-$19,612.26
LONG-TERM DEBT-FFB-RUS GUARANTEED
7,412,635.36
7,567,782.02
-155,146.66
OTHER LONG-TERM DEBT (NET)
5,304,320.26
5,780,214.01
-475,893.75
-------------------- -------------------- -------------------TOTAL LONG-TERM DEBT
$13,261,600.39
$13,912,253.06
-$650,652.67
-------------------- -------------------- -------------------NOTES PAYABLE
ACCOUNTS PAYABLE
CONSUMERS DEPOSITS
OTHER CURRENT AND ACCRUED LIABILITIES
$0.00
$0.00
$0.00
823,008.63
664,730.91
158,277.72
69,810.00
72,370.00
-2,560.00
317,172.31
359,192.49
-42,020.18
-------------------- -------------------- -------------------TOTAL CURRENT AND ACCRUED LIABILITIES
$1,209,990.94
$1,096,293.40
$113,697.54
-------------------- -------------------- -------------------OTHER DEFERRED CREDITS
$17,882.92
$16,525.31
$1,357.61
-------------------- -------------------- -------------------TOTAL LIABILITIES AND OTHER CREDITS
$19,140,645.17
$19,060,543.50
$80,101.67
==================== ==================== ====================
Revenue & Cost of Power
Operating Expenses
YTD
12000000
YTD
4000000
3500000
10000000
3000000
8000000
2500000
2000000
6000000
1500000
4000000
1000000
DECEMBER
DECEMBER
500000
2000000
0
0
Actual
Budget
2012
Actual
Budget
2012
Actual
Admin. & Gen. 1338014.63
Budget
2012
Actual
Budget
2012
1129901
1095435.46
165223.4
89312
101764.54
Operating Revenue 10460025.16
10332852
10216631.32 1115221.67
1020986
1017829.08
Cust. Serv.
328226.94
346732
341791.41
24320.9
24910
23025.06
Cost of Power
4716380
4928453.87
480813
501615.96
Oper & Maint
1688268.25
1667026
1531906.03
122480.51
166351
178719
5003796.38
576676.98
YTD Cumulative Operating Margins - 2013
Actual
Budget
Monthly Operating Margins - 2013
2012
Actual
1000000
200000
900000
150000
800000
Budget
2012
100000
700000
50000
600000
500000
0
400000
-50000
300000
-100000
200000
-150000
100000
0
-200000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Monthly kWh Sales
2013
2012
Delinquent Listing - Payments received thru
02/15/2014 - Over 30 Days
2011
8000000
Customer Information System
Payments Received
Feb
Jul
Balance Due
$160,000
7500000
$140,000
7000000
$120,000
6500000
$100,000
6000000
$80,000
5500000
$60,000
5000000
$40,000
$20,000
4500000
$4000000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
December Aged Past Due Accounts Receivable
2013
Jan
2013
Mar
Apr
May
Jun
150000
Cash & Investments
Receivables
100000
Less Payables
Liquidity (as of December 31, 2013)
50000
0
30 Days
60 Days
90 Days
Total Past Due
Oct
YE
2012
Quick Ratio *
Current Ratio
Equity as a % of Net Utility Plant
Equity as a % of Total Assets
Net TIER **
200000
Sept
Nov
Dec
Jan
2014
Feb
Ratios: December 31, 2012 and December 31, 2013
2012
250000
Aug
Other Payments Due:
RUS Loan Payment
FFB Loan Payment
CFC Loan Payment
YTD
2013
2.36
2.64 to 1
25.98%
21.17%
-3.63
1.64
2.05 to 1
29.10%
24.30%
2.00
600,838
1,385,862
1,986,700
(823,009)
1,163,691
Due
1/31/2014
3/31/2014
1/31/2014
$
4,126
116,662
198,265
*Quick ratio=measures the ability of a company to use its cash and short-term/
demand deposits to extinguish current liabilities immediately
**Net TIER=Times Interest Earned Ratio (TIER) means the ratio of a
borrower’s net income (after taxes) plus interest expense,
all divided by interest expense
SIMPLIFIED CASH FLOW
As of December 31, 2013
Black = creates cash
Red = uses cash
Thousands (000s)
CASH FROM OPERATIONS
Margins
Add back Depreciation
Loss from disposal of assets
Cash from Operations
Actual
$
Budget
643.6
860.9
(494.9)
1,009.6
$
985.1
870.9
(493.0)
1,363.0
Uses of Cash in Operations
Change in Ending Receivable Balance
Change in Ending Inventory Balance
Change in Ending Prepaid Expense Balance
Reduction of (payment for) other Current Assets
Change in Ending Accounts Payable Balance
Accrual/(payment) of other Current Liabilities
Cash created by (used in) operations
(155.9)
(36.8)
(154.6)
(21.4)
158.3
(40.7)
(251.1)
(39.3)
(39.3)
Capital Spending
(838.6)
(1,835.0)
Net increase (pay down) of debt
Draw for Construction from RUS
Other creation (use of) cash
(650.7)
(30.4)
(475.3)
600.0
(47.6)
Change in cash from all activities
(761.2)
(434.2)
Cash and Investments beginning
Change in cash
Cash and Investments ending
1,362.0
(761.2)
600.8
1,122.6
(434.2)
688.4
Payroll
Benefits
Total
1,417.7
938.1
2,355.8
1,405.5
921.8
2,327.3
Accounts Payable
Check Register
01/16/2014 To 02/15/2014
Bank Account: 1 - GENERAL FUND
Check /
Date
Tran
596
1/22/2014
597
1/23/2014
598
1/23/2014
599
1/23/2014
600
1/23/2014
601
1/27/2014
602
1/27/2014
603
1/30/2014
604
1/30/2014
605
1/31/2014
606
2/5/2014
607
2/5/2014
608
2/5/2014
609
2/5/2014
610
2/5/2014
54116
1/17/2014
54117
1/17/2014
54118
1/17/2014
54119
1/17/2014
54120
1/17/2014
54121
1/17/2014
54122
1/17/2014
54123
1/17/2014
54124
1/17/2014
54125
1/17/2014
54126
1/17/2014
54127
1/17/2014
54128
1/17/2014
54129
1/17/2014
54130
1/17/2014
54131
1/24/2014
54132
1/24/2014
54133
1/24/2014
54134
1/24/2014
54135
1/24/2014
54136
1/24/2014
54137
1/24/2014
54138
1/24/2014
54139
1/24/2014
54140
1/24/2014
54141
1/24/2014
54142
1/24/2014
54143
1/24/2014
54144
1/24/2014
54145
1/24/2014
54146
1/31/2014
54147
1/31/2014
54148
1/31/2014
54149
1/31/2014
54150
1/31/2014
54151
1/31/2014
54152
1/31/2014
54153
1/31/2014
54154
1/31/2014
54155
1/31/2014
54156
1/31/2014
54157
1/31/2014
54158
1/31/2014
54159
1/31/2014
54160
1/31/2014
54161
1/31/2014
54162
1/31/2014
54163
1/31/2014
54164
1/31/2014
54165
1/31/2014
Pmt
Type
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
WIRE
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
Vendor Name
Reference
Payroll Direct Deposit
HOMESTEAD FUNDS
NRECA
NRECA
SOUTHERN MONTANA ELECTRIC G&T
NATIONAL RURAL ELEC COOP ASSOC
NEOPOST USA INC
USDA RURAL DEVELOPMENT
NATIONAL RURAL UTILITIES
INTERNAL REVENUE SERVICE
INTERNAL REVENUE SERVICE
HOMESTEAD FUNDS
NRECA
NRECA
TRAVIS BARKER
GUY C BEHRENT
JESSICA CARROLL
JUDITH GREGORY
JUSTIN D HERSRUD
HUB INT'L MOUNTAIN STATES LTD
MONTANA SECRETARY OF STATE
DONALD W PARKS
RICHARD PECK
DAVID PETERSON
STILLWATER BILLINGS CLINIC
CONSTANCE S TEACHOUT
SAMUEL P WALKOWIAK
SOUTHERN MONTANA ELECTRIC G&T
TITAN MACHINERY INC.
BIG SKY LINEN SUPPLY
CARBON COUNTY TREASURER
JESSICA CARROLL
ECOLAB PEST ELIM DIV
FARMER BROS CO
FERGUS ELECTRIC COOPERATIVE, INC.
FIRST INTERSTATE BANK
KENS I-90 REPAIR
LOCAL UNION 44
MONTANA DEPT OF REVENUE
P D Q JANITORIAL SERVICE INC
QUILL CORPORATION
RED LODGE AREA COMMUNITY FOUNDATION
THE GARDEN HOUSE
CHASE FINANCIAL
ACE HARDWARE
AMERICA FAMILY LIFE INSURANCE CO
AQUA SYSTEMS
ASPLUNDH TREE EXPERT CO.
BANIK COMMUNICATIONS INC.
JESSICA CARROLL
CENTURYLINK
CENTURYLINK
CIERRACOM SYSTEMS
COLONIAL LIFE ACCIDENT INS CO
COLUMBUS ACE HARDWARE
FELT, MARTIN, FRAZIER & WELDON, P.C.
FORD MOTOR CREDIT
HD SUPPLY POWER SOLUTIONS, LTD
HDR ENGINEERING INC
IRBY TOOL & SAFETY
LANDIS+GYR TECHNOLOGIES LLC
METLIFE
MONTANA ELECTRIC COOP ASSN., INC.
MORRISON MAIERLE SYSTEMS CORP
DEFERRED COMPENSATION
401k LOAN
401k PLAN
POWER BILL
R & S PLAN AND ADMIN FEES
POSTAGE
USDA-RUS PRINCIPAL & INTEREST
NRU-CFC PRINCIPAL & INTEREST
FEDERAL WITHHELD TAXES & FICA
FEDERAL WITHHELD TAXES & FICA
DEFERRED COMPENSATION
401k LOAN REPAYMENT
401k PLAN
OUTAGE MEALS
OUTAGE ATV RENTAL
ADMIN ASSISTANT
BOARD MINUTES
OUTAGE MEALS
CT NOTARY SURETY BOND
CT NOTARY RENEWAL
REIMB FOR TRUCK SUPPLIES
INTERIM GM REIMBURSEMENT CHRISTMAS PARTY
NOVEMBER BOARD FEES, AND OTHER MEETINGS
DOT PHYSICAL
MILEAGE REIMBURSEMENT TO 12/31/13
OUTAGE MEALS
EXTRA MEDIATION SESSION
UNIT #21 PART
RL OFFICE RUG CLEANING
UNITS #58 & #59 VEHICLE REGISTRATIONS
ADMIN ASSISTANT
COLUMBUS PEST CONTROL
COFFEE & TEA
FIB LOAN INTEREST
MONTHLY CORP CC STATEMENT
UNIT #24 REPAIRS
UNION DUES
MT WITHHELD TAXES
RL OFFICE CLEANING
TONERS & OTHER OFFICE SUPPLIES
BOARD SUPPLIES
EMPLOYEE RELATIVE FLOWERS
INACTIVE REFUND
UNIT #25 CHAIN SAW
PAYROLL DEDUCTION INSURANCE
BOTTLED WATER
TREE TRIMMING
WEBSITE MAINTENANCE, ETC.
ADMIN ASSISTANT
LONG DISTANCE
RL OFFICE, COLUMBUS SHOP & SUBSTATION PHONES
INCOMING 800 CALLS
UNIT #7 SUPPLIES
DEC ATTORNEY STATEMENT
2014 F-350 CREW CAB UNIT #58
MATERIAL
CWP & CONSULTING
GLOVE TESTING
HOSTING FEE & PHONE USAGE
FINAL NO BROADCASTING CATCHUP
NETWORK MAINTENANCE & HP COLOR 500
Amount
33,271.86
1,000.00
111.09
5,504.47
576,676.98
51,156.77
500.00
4,126.32
198,264.88
15,976.78
30,447.82
13,802.95
1,000.00
111.09
8,289.61
34.94
180.00
350.00
150.00
62.44
40.00
25.00
32.48
1,147.18
375.00
147.75
29.10
37.91
500.00
52.43
114.08
859.30
70.00
157.00
274.34
1,275.55
6,974.93
406.30
1,080.36
2,328.00
920.00
860.56
18.15
60.95
75.52
34.99
215.81
36.25
14,691.74
1,776.18
350.00
49.87
977.47
262.64
58.26
11.99
28,092.75
40,883.82
38,096.18
10,641.32
177.12
1,682.97
54.10
820.61
2,202.00 VOID
54166
54167
54168
54169
54170
54171
54172
54173
54174
54175
54176
54177
54178
54179
54180
54181
54182
54183
54184
54185
54186
54187
54188
54189
54190
54191
54192
54193
54194
54195
54196
54197
54198
54199
54200
54201
54202
54203
54204
54205
54206
54207
54208
54209
54210
54211
54212
54213
54214
54215
54216
54217
54218
54219
54220
54221
54222
54223
54224
54225
54226
54227
54228
54229
54230
54231
54232
54233
54234
54235
54236
54237
54238
54239
54240
54241
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
1/31/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
2/7/2014
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
MOUNTAIN LEAGUE
NAPA AUTO PARTS
NORTHWEST PUBLIC POWER ASSOC
ONE CALL LOCATORS, LTD
ONE CALL OF WYOMING
OUTBACK POWER COMPANY
OVERHEAD DOOR COMPANY OF SOUTHERN MT
BRAD PROPHET
QUILL CORPORATION
R & R ELECTRONICS
RED LODGE TRUE VALUE
REPUBLIC SERVICES #892
ROCK CREEK HOME & GARDEN INC
SELBY'S ESSCO
STARBAND COMMUNICATIONS INC.
WY RURAL ELECTRIC ASSOCIATION
WYOMING DEPT OF REVENUE
UNEMPLOYMENT INSURANCE CONTRIBUTIONS
ACE HARDWARE
ALPHAGRAPHICS
AMERICAN WELDING & GAS, INC.
JAMES R AVENT
TRAVIS BARKER
BASIN TELECOMM
BEARTOOTH KAWASAKI
GUY C BEHRENT
JESSICA CARROLL
CENEX
WILLIAM R COLGROVE
COLUMBUS ACE HARDWARE
COTTER'S SEWER
EES CONSULTING
ERIC L ELTON
GM PETROLEUM DISTRIBUTORS INC
JUDITH GREGORY
LEE G HAUGE
JUSTIN D HERSRUD
HORIZON COMMUNICATIONS
JACO ANALYTICAL, INC.
JUNCTION 7
KENS I-90 REPAIR
KOIS BROTHERS EQUIPMENT INCORPORATED
KW CONSULTING
LADVALA ENTERPRISES
LITHIA DODGE OF BILLINGS
MAID IN COLUMBUS
ROXIE S MELTON
MONTANA DEPT OF REVENUE
MONTANA ELECTRIC COOP ASSN., INC.
MONTANA MOBILE
MONTANA RAIL LINK
NATL RURAL ELECTRIC COOP ASSN
NEMONT
NISC
RICHARD T NOLAN
O'REILLY AUTOMOTIVE STORES, INC.
DONALD W PARKS
POWELL OFFICE SUPPLY
QUILL CORPORATION
REPUBLIC SERVICES #892
RF COMMUNICATIONS INC
RONNING AUTO TRUCK TRACTOR SERVICE
SILVERTIP PROPANE
STILLWATER LUMBER
TITAN MACHINERY INC.
MARTY TOMLIN
TOUCHSTONE ENERGY COOPERATIVES
TRIANGLE TELEPHONE
UNITED STATES TREASURY
VERIZON WIRELESS
SAMUEL P WALKOWIAK
WILSON BOHANNAN PADLOCKS CO
JAKE D WRIGHT
2013/14 SPONSORSHIP
SHOP SUPPLIES
TRAINING
BILLABLE TICKETS - MT
2014 MEMBERSHIP & TICKETS
POLE CHANGE OUTS
COLUMBUS OVERHEAD DOOR ADJUSTMENTS
TRAINING REIMBURSEMENT
MONTHLY INDEXES & OFFICE SUPPLIES
OFFICE SUPPLIES
SHOP SUPPLIES
GARBAGE DISPOSAL
ICE MELT & OTHER SHOP SUPPLIES
SURVEYING SUPPLIES
COLUMBUS INTERNET SERVICE
2014 WREA MEMBER DUES
DEC SALES & USE TAX
NETWORK MAINTENANCE & HP COLOR 500
MT UNEMPLOYMENT INSURANCE 2013 4TH QTR
CHAIN SAW FOR #4
FIRE EXTINGUISHER TAGS
SHOP OXYGEN
TREE TRIMMING
TELEPHONE REIMBURSEMENT
COLUMBUS INTERNET USAGE
UNIT #23 FILTER
ADMIN ASSISTANT
FUEL
SHOP SUPPLIES
COLUMBUS SEPTIC CLEANOUT
HGS VALUATION - GS & AN
FUEL
BOARD MINUTES & MILEAGE REIMBURSEMENT
TELEPHONE REIMBURSEMENT & FITNESS REIMBURSEMENT
CALL CENTER
THREE OIL SAMPLES
BYLAWS BOOKS
UNIT #9 OIL CHANGE
PUT BOX ONTO #58 FROM #50
FORECAST, CWP & WO SUPPORT
10 OFFICE PROGRAMMABLE THERMOSTATS
UNIT #24 REPAIRS
CLEANING COLUMBUS SHOP
BOARD FEE, MILEAGE & OTHER MEETINGS
MT WITHHELD TAXES
GENERAL & SAFETY DUES, RM & NO. BROADCAST
MONTHLY OFFICE SHREDDING SERVICE
ANNUAL REED POINT WIRELINE XING
ANNUAL MEMBERSHIP DUES
E. ROSEBUD SUBSTATION
AMS, INTERFACE & H/W SUPPORT
SHOP SUPPLIES
POLE CHANGE OUTS
CONFIDENTIAL STAMP
FILE POCKETS
GARBAGE DISPOSAL
INSTALL #58 RADIO FROM #50
UNIT #50 ROTATE TIRES
UNITS #9 & #11 SUPPLIES
MAILBOX POST
UNIT #29 REPAIRS
JAN FITNESS REIMBURSEMENT
2014 ANNUAL DUES
REED POINT SUBSTATION
2013 4QTR 941
CELL PHONES
15 BRASS PADLOCKS
110.00
49.86
1,440.00
1,399.72
258.80
19,405.01
450.00
11.14
20.84
63.06
15.98
169.48
89.47
80.08
109.99
1,000.00
3,384.08
2,152.00
1.97
423.43
86.89
25.42
12,498.25
184.92
184.92
19.95
18.72
184.92
70.00
1,805.18
184.92
128.81
579.00
1,405.00
184.92
729.72
435.60
184.92
205.74
271.07
33.00
488.12
98.20
360.80
5,870.00
1,060.00
453.06
200.00
2,254.25
2,208.00
6,980.60
42.00
100.00
6,788.00
253.16
6,754.79
2,274.53
58.32
17,687.73
184.92
11.55
216.13
169.48
148.50
180.00
337.77
29.00
2,184.84
20.82
5,300.00
45.91
69.60
242.58
184.92
123.06
184.92
54242
54243
54244
54245
54246
54247
54248
54249
54250
54251
54252
54253
54254
54255
54256
54257
54258
54259
54260
54261
54262
54263
54264
54265
54266
54267
54268
54269
54270
54271
54272
2/7/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
2/14/2014
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
CHK
14
1/22/2014
WIRE
2
1
1/22/2014
1/22/2014
PARAMETERS ENTERED:
Check Date:
Bank:
Vendor:
Check:
Journal:
Format:
Extended Reference:
Sort By:
Voids:
Payment Type:
Group By Payment Type:
Minimum Amount:
Authorization Listing:
Authorization Comments:
Credit Card Charges:
28019
WIRE
WIRE
ALAN SCHUYLER
ARLEEN M BOYD
CARBON COUNTY TREASURER
JESSICA CARROLL
CIERRACOM SYSTEMS
CITY OF RED LODGE
DANIEL DUTTON
GM PETROLEUM DISTRIBUTORS INC
DOUG HARDY
J & H INC
JUNCTION 7
LINECO
MOTOR POWER EQUIPMENT COMPANY
NAPA AUTO PARTS
NATIONAL RURAL ELEC COOP ASSOC
ONE SMART CONFERENCE, INC.
ONLINE INFORMATION SERVICES
P D Q JANITORIAL SERVICE INC
QUILL CORPORATION
RED LODGE AREA COMMUNITY FOUNDATION
ROCK CREEK HOME & GARDEN INC
STILLWATER COUNTY TREASURER
CONSTANCE S TEACHOUT
TERRELL'S OFFICE MACHINES, INC.
THE GARDEN HOUSE
UTILITIES UNDERGROUND LOCATE
VILLAGE SHOPPE
CONNIE WEILER
Total Payments for Bank Account - 1 :
Total Voids for Bank Account - 1 :
Total for Bank Account - 1 :
BEARTOOTH ELECTRIC COOP INC
Grand Total for Payments :
Grand Total for Voids :
Grand Total :
JAN 2014 ESTATE RETIREMENT
TREE TRIMMING
FEB-DEC (11 MONTHS) BOARD FEES, MILEAGE & OTHER MEETINGS
UNITS #1 & #56 REGISTRATION
ADMIN ASSISTANT
INCOMING 800 CALLS
MONTHLY WATER & SEWER
FUEL
CASCADE CO ONLINE REIMB FOR SOUTHERN INFO
HP 4300 REPAIRS
NOTARY STAMP
LINEMAN INSURANCE
NETWORK MAINTENANCE
UNIT #8 REPAIRS
VARIOUS SHOP AND TRUCK SUPPLIES
DEC & JAN 125 PLAN ADMIN FEES
CONFERENCE CALLS
MONTHLY EXCHANGE SERVICE
POLE REPLACEMENTS
RL OFFICE CLEANING
FILE FOLDERS & OTHER OFFICE SUPPLIES
JAN FOUR MEETINGS
SHOP SUPPLIES
UNIT #7 REGISTRATION
MILEAGE REIMBURSEMENT
BIZHUB MAINT
TRUSTEE DELIVERY
BILLABLE TICKETS
LINEMAN SAFETY CLOTHING
CUSTOMER REFUND
(171)
(1)
(172)
FIB SAVINGS TO FIB CHECKING TRANSFER
(1)
(0)
(1)
WELLS FARGO SAVINGS TO FIB CHECKING
(1)
(0)
(1)
BANK OF RED LODGE TO FIB CHECKING TRANSFER
(1)
(0)
(1)
(174)
(1)
(175)
1,083.01
2,199.10
21,069.86
435.04
297.50
408.83
63.40
2,237.30
3,569.46
150.00
265.67
36.00
11,962.50
830.00
1,369.32
302.31
45.00
131.90
119.30
27,405.30
1,101.24
207.65
75.00
66.14
233.25
25.43
61.12
49.00
62.80
3,208.80
1,893.96
1,292,381.49
2,202.00
1,294,583.49
140,000.00
140,000.00
150,000.00
150,000.00
100,000.00
100,000.00
1,682,381.49
2,202.00
1,684,583.49
01/16/2014 To 02/15/2014
All
All
All
All
Summary
No
Check/Transaction
Current
All
No
0
No
No
No
/pro/rpttemplate/acct/2.27.1/ap/AP_CHK_REGISTER.xml.rpt
Beartooth Electric Cooperative. Inc.
Summary of Attorney Fees
2013
General
Bailey Stock &
Felt, Martin, Harman P.C
Frazier, et al (WY matters)
General
Monthly
Totals
SME G&T Bankruptcy
Lewis, Roca,
Felt, Martin,
Rothgerber
Arnold &
Frazier, et al
LLP
Porter LLP
Attorney AD&D
Bankruptcy
Monthly
Totals
Insurance/Other
2.64
Monthly
2013
Jan 2013
4,324.09
227.50
4,551.59
7,833.50
7,833.50
Feb 2013
3,622.50
1,877.42
5,499.92
11,265.29
11,265.29
16,765.21
Mar 2013
862.50
442.96
1,305.46
14,212.91
14,212.91
15,518.37
Apr 2013
1,437.50
1,437.50
20,837.62
20,837.62
May 2013
2,553.00
2,553.00
8,399.00
8,399.00
10,952.00
June 2013
2,852.50
2,852.50
5,169.00
5,169.00
8,021.50
July 2013
2,415.00
2,415.00
8,575.75
8,575.75
August 2013
1,404.00
1,404.00
9,207.36
9,207.36
Sept 2013
2,185.00
2,185.00
20,187.45
20,187.45
10.00
22,382.45
Oct 2013
1,437.50
1,437.50
20,212.50
20,212.50
2.64
22,942.64
Nov 2013
1,035.00
1,035.00
16,627.30
Dec 2013
1,552.50
1,552.50
26,540.25
28,228.97
169,067.93
2013
25,681.09
2,547.88
1,290.00
1,290.00
12,387.73
2.64
22,277.76
2.64
10,993.39
10,611.36
16,627.30
17,662.30
21,489.34
48,029.59
49,582.09
21,489.34
190,557.27
20.56
20.56
220,096.80
DISCONNECTED ACCOUNTS FOR NON PAY 2013
Name
MAY 2013 DISCONNECTS
Address
153 Crossfire Trl
Unknown
6 N 3RD
City
Clark
Fishtail
ROBERTS
Service #
58N 102W 33
4S 18E-FT
5S 21E RBTS
JUNE 2013 DISCONNECTS
Unknown
662 Whitebird Creek Rd
15 Medicine Crow Rd
20 Lakeview
Nye
Columbus
Columbus
Roberts
JULY 2013 DISCONNECTS
NONE
AUGUST 2013 DISCONNECTS
Unknown
Unknown
Collins Subd
92 Sand Creek Rd
SEPTEMBER 2013 DISCONNECTS
35 Old Bull Rd
147 Stillwater Loop
191 Ortiz Ln
109 Spreading Winge Ln
41 Jack Rabbit Ln
78 Big Sky Loop
OCTOBER 2013 DISCONNECTS
NONE: DUE TO WEATHER
OCTOBER'S DELAYED DISCONNECTS
63 JC Ln
3 Cooney Trailer Park Ln
PO Box 68, Roscoe
1011A Nye Rd
1011A Nye Rd
PO Box 337, Reed Point
PO Box 337, Reed Point
Red Lodge (R)
Columbus (C) Disconnected
Red Lodge
5/2/2013
Columbus
5/2/2013
Red Lodge
5/8/2013
Location #
798-38C
28 A
352
Account
582501
372320
81812
Reconnected
NEW10/23/2013
SAME 05/06/13
NEW 05/16/13
5S 15E 29
4S 20E 18
2S 19E-CC
4S 20E 27
036 E
872 B
1307-67
918-90
589800
144301
641002
618104
Columbus
Columbus
Columbus
Red Lodge
6/5/2013
6/5/2013
6/5/2013
6/5/2013
SAME 11/08/2013
NEW 06/07/2013
NEW 07/30/2013
NEW 06/07/2013
Reed Point
Nye
Red Lodge
Bridger
2S 16E 30
5S 16E 05
6S 20E-CL
6S 23E 05
1391 C
038 H
392-10
690
651000
489605
217002
108711
Columbus
Columbus
Red Lodge
Red Lodge
8/7/2013
8/8/2013
8/7/2013
8/12/2013
NEW 10/01/2013
Columbus
Columbus
Columbus
Fishtail
Columbus
Red Lodge
2S 19E-CC
2S 20E 31
4S 21E 04
4S 16E 32
3S 20E 15
7S 20E-GV
1307-24
1305-6
517 M
038-17
272-29
1041-79
676100
563701
70003
645700
512406
702900
Columbus
Columbus
Columbus
Columbus
Columbus
Red Lodge
9/5/2013
9/5/2013
9/5/2013
9/5/2013
9/5/2013
9/5/2013
SAME 09/05/2013
SAME 09/05/2013
SAME 09/05/2013
SAME 09/05/2013
SAME 09/10/2013
SAME 09/05/2013
Roberts
Roberts
Roscoe
Fistail
Fistail
Reed Point
Reed Point
5S 21E 17
4S 20E 36
7S 17E 00
5S 17E 04
5S 17E 04
1S 18E 28
1S 18E 28
500-2
972-3
1646
67 A
67 C
1322 A
1322 A1
583401
446703
267801
35305
684900
165900
566100
Red Lodge
Red Lodge
Red Lodge
Columbus
Columbus
Columbus
Columbus
10/22/2013
10/22/2013
10/22/2013
10/22/2013
10/22/2013
10/22/2013
10/22/2013
NEW 11/21/2013
NEW 11/19/2013
SAME 10/24/2013
SAME 10/24/2013
SAME 10/24/2013
SAME 10/24/2013
NOVEMBER 2013 = NONE
DECEMBER 2013 = NONE
JANUARY 2014 = NONE
24=2013 DISCONNECTS
20=RECONNECTS
4=2013 ACCTS STILL OFF
FEBRUARY 2014 = NONE
Notices went out with Past Due Balances Due 02/28/14.
Page 1 of 1
Administration: I have been actively supporting the various board committees in regards to
the Southern bankruptcy and updating BEC policies. In the bankruptcy efforts there have been
multiple meetings of Southern as debtor in possession and mediation hearings. The chair of
the Due Diligence Committee is making a detailed report of the recent mediation meetings and
due diligence activity.
The Policy Committee has finished the review and update of the 200 and 300 Policies on
December16th. After the recent January board review they are being submitted to the attorney
for his review and then brought back to the board for approval. The committee is in the
process of updating the 400 series of policies (committee met on January 16th). Also, the
committee has reviewed an updated net billing policy and a general contract that will include
opportunities for community renewable energy projects. The next Policy Committee meeting is
scheduled the afternoon of February 26th at the BEC Office.
Communications Committee needs to review with the full board locations, dates and times for
a series of Town Hall meetings in late March, April and May. There is no defined subject
matter for these meetings as of the February board meeting. However it is important to make
the decisions on locations and date by all board members. Under new business is a list of
possible locations and dates that I had Kaaren prepare.
Financial: The Montana RUS representative Denver Schlaeppi has reviewed the LRWP plan
and the associated Environmental Review and our load forecast. The requested changes
were made to the load forecast and it has also been submitted to RUS for their review and
approval.
There is a Finance Committee scheduled for March 5th at 11:00AM at the BEC office. Lunch
will be provided for the annual review of the 4th Qtr. and the past year. Attached in this
month’s board packet is the 2013 RUS Annual Report that will be reviewed and approved by
the committee.
The cash flows at the present our adequate but I suspect by the end of March or early April we
will be utilizing the Line of credit.
Meetings and Travel: I will be out of the office February 18 thru the 21 on a NWPPA program
on Union negotiations Spokane, Washington. Roxie Melton will also be attending the seminar.
February 27 and 28 I will be in Great Falls for the Central Montana Annual meeting. There is a
seminar on power supply on the 28th headlined by Bill Drummond the new CEO of Midwest
Electric Cooperative. Arleen and Roxie also plan on attending.
On March 17 and 18 I will be attending the PRE Board meeting in Sheridan, Wyoming. The
meeting will be discussing the Southern power supply analysis that could possibly be managed
by PRE.
BOARD REPORT
February 24, 2014
COMMUNICATIONS & MEMBER SERVICES
1. E-BILL PARTICIPATION STATS
E-Bill
Members
E-Bill
Accounts
Jan
‘14
Jan
‘13
Jan
‘12
Feb
‘14
Feb
‘13
Feb
‘12
Mar
‘13
Mar
‘12
Apr
‘13
Apr
‘12
May
‘13
May
‘12
Jun
‘13
Jun
‘12
910
613
292
925
631
324
651
345
666
368
682
390
698
412
1,476
987
394
1,493
1,020
437
1,043
461
1,062
495
1,088
517
1,112
558
Jul
‘14
Jul
‘13
Jul
‘12
Aug
‘14
Aug
‘13
Aug
‘12
Sep
‘13
Sep
‘12
Oct
’13
Oct
‘12
Nov
‘13
Nov
‘12
Dec
’13
Dec
‘12
751
480
824
507
862
537
876
553
889
568
901
593
1,197
762
1,333
829
1,387
865
1,417
898
1,441
923
1,464
964
E-Bill
Members
E-Bill
Accounts
2. LISD/LIDD PROGRAM STATS
Low Income Senior and Disabled Discount
Statement Date
Total Members
12/31/13
12/31/12
11/30/13
11/30/12
10/31/13
10/31/12
09/30/13
09/30/12
08/31/13
08/31/12
07/31/13
07/31/12
06/30/13
06/30/12
05/31/13
05/31/12
04/30/13
04/30/12
03/31/13
03/31/12
02/28/13
02/28/12
01/31/14
01/31/13
01/31/12
47
49
49
51
49
50
51
51
51
51
52
51
54
53
54
53
54
51
54
51
51
50
50
51
50
Total Month's
Discounts
$
777.94
$
665.76
$
567.84
$
489.03
$
434.69
$
439.85
$
375.05
$
360.92
$
432.36
$
439.31
$
447.10
$
459.58
$
438.70
$
405.73
$
381.99
$
422.10
$
527.08
$
427.16
$
558.72
$
506.30
$
578.80
$
744.31
$
763.52
$
683.87
$
657.04
Year-to-Date
Discounts
$
6,204.24
$
6,037.09
$
5,426.30
$
5,351.33
$
4,858.36
$
4,862.30
$
4,423.67
$
4,422.45
$
4,048.62
$
4,061.53
$
3,616.26
$
3,622.22
$
3,169.16
$
3,162.64
$
2,730.46
$
2,756.91
$
2,348.47
$
2,334,81
$
1,821.39
$
1,907.65
$
1,262.67
$
1,401.35
$
763.52
$
683.87
$
657.04
BEC TOWN HALL MEETING
LOCATION SUGGESTIONS
Please select locations, dates and times for our next series of Town Hall (Informational) meetings.
ABSAROKEE
Cobblestone School
BELFRY
Belfry High School
BRIDGER
Bridger Civic Center
CLARK, WY
Pioneer Recreation Center
COLUMBUS
Elementary School or Church
FROMBERG
Fromberg High School
JOLIET
MSU-B Extension Office
LUTHER
Luther Elementary School
RAPELJE
Stockman Café
RED LODGE
Bridgecreek (Upstairs)
REED POINT
Reed Point High School
January 2014
Sun Mon Tue Wed Thu
1
5
2
6
12
3
13
7
14
February 2014
Fri
Sat
Sun Mon Tue Wed Thu
1
2
3
4
5
8
9
10
11
6
15
16
17
4
19
20
21
22
23
24
5
26
27
28
29
30
31
18
25
7
18
Sat
1
2
9
3
4
10
11
5
12
6
13
7
14
8
16
17
18
19
20
21
9
23
24
25
26
27
28
May 2014
Sun Mon Tue Wed Thu
Fri
March 2014
8
15
22
Sun Mon Tue Wed Thu
Sat
Sun Mon Tue Wed Thu
1
2
3
23
1
2
3
4
Fri
Sat
1
9
10
2
3
4
5
6
7
8
11
9
10
11
12
13
14
15
12
16
17
18
19
20
21
22
13
23
24
25
26
27
28
29
14
30
31
June 2014
Fri
April 2014
Fri
Sat
5
6
7
27
Sun Mon Tue Wed Thu
Fri
Sat
1
2
3
4
5
5
6
7
8
9
10
24
8
9
10
11
12
13
14
28
6
7
8
9
10
11
12
20
11
12
13
14
15
16
17
25
15
16
17
18
19
20
21
29
13
14
15
16
17
18
19
21
18
19
20
21
22
23
24
26
22
23
24
25
26
27
28
30
20
21
22
23
24
25
26
22
25
26
27
28
29
30
31
27
29
30
31
27
28
29
30
31
36
37
38
7
14
Sat
Sun Mon Tue Wed Thu
1
2
3
4
5
6
40
8
9
10
11
12
13
41
15
16
39
21
22
23
40
28
29
30
1 Jan
20 Jan
12 Feb
14 Feb
17 Feb
4 Mar
9 Mar
October 2014
Fri
17
24
18
25
New Year's Day
Martin Luther King Day
Lincoln's Birthday
Valentine's Day
Presidents Day
Mardi Gras Carnival
Daylight Saving (Start)
19
26
20
27
17 Mar
1 Apr
18 Apr
20 Apr
21 Apr
5 May
11 May
42
5
12
6
13
7
14
Fri
Sat
2
3
4
8
9
10
11
16
17
43
19
20
21
22
23
24
44
26
27
28
29
30
31
St. Patrick's Day
April Fool's Day
Good Friday
Easter
Easter Monday
Cinco de Mayo
Mother's Day
17 May
26 May
8 Jun
9 Jun
14 Jun
15 Jun
4 Jul
1
2
3
4
5
14
15
6
7
8
9
10
11
12
16
13
14
15
16
17
18
19
17
20
21
22
23
24
25
26
18
27
28
29
30
Fri
Sat
1
2
Sun Mon Tue Wed Thu
31
32
3
4
5
6
7
8
9
33
10
11
12
13
14
15
16
34
17
18
19
20
21
22
23
35
24
25
26
27
28
29
30
36
31
November 2014
1
15
Sat
August 2014
4
Sun Mon Tue Wed Thu
Fri
July 2014
19
September 2014
Sun Mon Tue Wed Thu
18
25
Armed Forces Day
Memorial Day
Pentecost
Pentecost Monday
Flag Day
Father's Day
Independence Day
Sun Mon Tue Wed Thu
Fri
December 2014
Sat
1
44
45
2
3
4
5
6
7
8
46
9
10
11
12
13
14
15
47
16
17
18
19
20
21
22
48
23
24
25
26
27
28
29
49
30
1 Sep
11 Sep
17 Sep
26 Sep
13 Oct
16 Oct
18 Oct
Labor Day
September 11th
Citizenship Day
Native American Day
Columbus Day
Boss's Day
Sweetest Day
31 Oct
2 Nov
11 Nov
27 Nov
7 Dec
25 Dec
31 Dec
Sun Mon Tue Wed Thu
49
Fri
Sat
1
2
3
4
5
6
50
7
8
9
10
11
12
13
51
14
15
16
17
18
19
20
52
21
22
23
24
25
26
27
1
28
29
30
31
Halloween
Calendar & Holidays
Daylight Saving (End)
Veterans' Day
Thanksgiving
Pearl Harbor
Christmas Day
New Year's Eve
2014
2014 MECA MEMORIAL SCHOLARSHIP
BEC CANDIDATE SELECTION
Please select two candidates to represent BEC in the 2014 MECA Memorial Scholarship competition. Thank you!
20%
20%
20%
Sub Total 60%
40%
Grades GPA / Class
Rank (4.0 Total)
ACT/SAT (36
Total)
Activities
SUB TOTAL
SCORE / RANK
Essay / Personal
Statement (Please score
each 0-40%)
4.0
1/17
ACT 28
20.00%
15.54%
Haley Fallang
TOTAL SCORE
55.54%
20.00%
55.54%
_________%
+
_____________ % =
_____________ % .
3.966
3/17
ACT 25
Hannah Hedtke
53.72%
20.00%
19.83%
53.72%
_________%
+
_____________ % =
13.89%
_____________ % .
3.939
2/12
ACT 25
Whitney Bare
53.49%
20.00%
19.60%
53.49%
_________%
+
_____________ % =
13.89%
_____________ % .
3.637
11 / 50
ACT 25
18.19%
13.89%
Nathan Miller
52.08%
20.00%
52.08%
_________%
+
_____________ % =
_____________ % .
3.785
1/2
ACT 22
18.93%
12.22%
Matthew Mauland
51.15%
20.00%
51.15%
_________%
+
_____________ % =
_____________ % .
Google Analytics Report –January 13, 2014 through February 9, 2014
This report outlines visits to the Beartooth website from January 13, 2014 through February 9, 2014.
There were a total of 819 visits from 545 people (unique visitors) during this period. This is a small
increase—2.89%—over the last measured 4 week period.
The increase in mobile usage continues to increase slightly, up by 2.89%, with new visits on mobile
devices up 4.58% compared to the last 4 week period.
Pageviews were down 4.81% overall, as well as the average pages per visit. The average visit was
down 15.33%: 2:46 from the previous 3:16.
Visits by location:
The top ten locations from which visits were made to the site are shown in this table. The percent of
change reflects comparison with the visits from that location in the previous 4 week period.
Location
Visits
1. Billings
112
2. Bozeman
81
3. Great Falls
72
4. Red Lodge
31
5. Ashland
26
Change
New
Visits
Location
Visits
Change
New
Visits
6.67%
60
6. Forsyth
25
13.64%
3
42.11%
24
7. Helena
20
25.00%
4
10
8. Plentywood
16
11
9. Big Timber
13
44.44%
6
7
10. Butte
10
400%
8
23.40%
40.91%
23.53%
0
BOARD REPORT
February 24, 2014
CONSTRUCTION, OPERATIONS & MAINTENANCE
Davey’s Tree Service plans on starting early March.
Outback Power has completed the White Bird multi phase. They will also be
changing out poles for BEC in 2014.
Red Lodge and Columbus crews have finished the warehouse inventory. To
get a more accurate inventory we dedicated two weeks to finishing current
jobs and counting material.
There is a meeting planned for March 3rd to talk about the Belfry Airbrake
Switch with Northwestern.
There were 4 new services installed the month of January 2014.
There was a total of 13 outages system wide the month of January. (Note
the large number of consumers and minutes out of power do to power
supply on 1/11/14) also (note the October storm in 2013). Please see
attached breakdown sheets for monthly and yearly outages.
There were 1821 individual consumers out of power at some point in
January having duration of 266,222 minutes. This is an average of 146.19
minutes per consumer that were out of power, or 41 minutes per consumer
on entire system.
EDUCATION, SAFETY & LOSS
MECA Safety meeting will be held on February 26th.
There are no Lost Time Accidents to report for the January.
TRUCK, TOOLS & EQUIPTMENT
The new Line Truck is approximately one month behind schedule do to an
alteration mistake made by the Freightliner on the frame of the truck.
NDIS has completed the annual DOT inspections on all of our trucks and
trailers.
The Line Truck being donated to NRECA International was also inspected
and is currently being readied for shipment to Haiti or Central America. A
release of Liability for Beartooth was signed by NRECA and a copy is the file.
MONTHLY VEHICLE REPORT
Note attached
Eric Elton
Interim Line Superintendant
2013 Outages By Cause
1%
3%
1%
1%
3%
16%
2%
2%
Power Supplier [000]
Weather [090]
Planned outage/Maintenance [110]
Other Material or Equipment Fault [300]
Trees [490]
Tranformer [500]
Animals [690]
Public caused [790]
Unknown
71%
2013 Customer Minutes of Interruption by Substation
450000
400000
350000
300000
250000
200000
150000
100000
50000
0
2013 Customer Minutes of Interruption by Month
1732641
114400
98390
60
14150
9655
88465
74570
3160
100075
87600
2305
SERVICE INTERRUPTION REPORT-JANUARY
Number of
Cause of Service Interruption (RUS Designation 1730A-119)
Customers
Affected
2
[110] Planned outage for maintenance
Date
Duration
(Min)
01/02/14
135
01/03/14
01/03/14
01/11/14
01/11/14
01/11/14
01/12/14
01/13/14
01/17/14
01/17/14
01/21/14
01/26/14
01/27/14
109
3
80
810
160
120
105
175
120
120
90
120
180
3
67
2
1708
1
24
1
1
1
4
4
TOTALS
2324
[490] Found tree on power line.
[490] Top of tree blew out and brushed line; opened fuse
[090] Wind blew a bunch of trees into powerline.
[090] Very windy and neutral burned into two at an insulink.
[000] Northwestern lost transmission line feeding all 3 subs.
[790] Bad 100 amp breaker.
[490] Trees down.
[690] Found a dead squirrel at bottom of trans pole.
[300] Faulty equipment.
[090] One leg of secondary broke off due to wind.
[090] Blown fuse on cutout off main line. Wind slapped wires together.
[090] Blown fuse, suspect wrapped wire in blizzard.
1821
Substation
1
8
10
9
9
Bel RL Luther
3
1
9
1
8
3
3
Customer
Minutes of
Interruption
270
327
240
54270
320
204960
105
4200
120
120
90
480
720
266222
Key for RUS codes
000
Power Supplier
090
Weather
110
Planned Outage/Maintenance
300
Other Material/Equipment Fault
490
Trees
500
Transformer
690
Animals
790
Public Caused
Other
Other
Fleet Management
Expense Summary
Detail For DECEMBER 2013
TRUCKS
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
1 - CHEVY 3/4TON EXT CAB-4WD 2000/RL
Jan
Feb
142.06
121.36
Total:
Miles
253.00
476.00
Cost Per Mile:
0.56
0.25
3 - CHEV 3/4TON K2500 2003
Jan
Feb
544.26
458.52
Total:
Miles
1,020.00
416.00
Cost Per Mile:
0.53
1.10
4 - 2009 INTERNATIONAL 4300M7 SBA 4X4
Jan
Feb
3,199.34
2,630.56
Total:
Miles
973.00
612.00
Cost Per Mile:
3.29
4.30
7 - 2013 FORD F550
Jan
Feb
602.21
1,691.08
Total:
Miles
0.00
72.00
Cost Per Mile:
0.00
23.49
7B - AERIAL FROM OLD #7 PUT ON NEW #7
Jan
Feb
0.00
0.00
Total:
8 - 7400 INTN'L 4X4 BUCKET TK 2003
Jan
Feb
2,873.65
2,634.24
Total:
Miles
965.00
1,154.00
Cost Per Mile:
2.98
2.28
9 - 2011 DODGE 2 TON
Jan
Feb
3,030.36
3,223.27
Total:
Miles
1,664.00
1,825.00
Cost Per Mile:
1.82
1.77
YTD
Mar
77.95
96.00
0.81
Apr
224.81
356.00
0.63
May
189.22
704.00
0.27
Jun
190.10
284.00
0.67
Jul
113.38
225.00
0.50
Aug
163.46
0.00
0.00
Sep
223.98
204.00
1.10
Oct
154.53
326.00
0.47
Nov
79.38
792.00
0.10
Dec
79.38
197.00
0.40
Total
1,759.61
3,913.00
0.45
Mar
1,040.51
1,054.00
0.99
Apr
633.47
1,498.00
0.42
May
422.49
288.00
1.47
Jun
787.30
1,495.00
0.53
Jul
671.31
1,094.00
0.61
Aug
575.37
877.00
0.66
Sep
794.14
929.00
0.85
Oct
1,660.46
1,036.00
1.60
Nov
705.74
645.00
1.09
Dec
983.13
2,108.00
0.47
Total
9,276.70
12,460.00
0.74
Mar
3,545.31
1,299.00
2.73
Apr
2,388.07
836.00
2.86
May
2,876.05
1,226.00
2.35
Jun
2,343.37
758.00
3.09
Jul
2,984.56
1,869.00
1.60
Aug
3,113.79
1,025.00
3.04
Sep
3,225.93
981.00
3.29
Oct
3,590.70
2,181.00
1.65
Nov
2,919.98
603.00
4.84
Dec
2,564.15
1,761.00
1.46
Total
35,381.81
14,124.00
2.51
Mar
2,941.03
1,424.00
2.07
Apr
2,213.71
1,499.00
1.48
May
1,715.65
2,111.00
0.81
Jun
2,665.77
1,548.00
1.72
Jul
2,575.24
2,206.00
1.17
Aug
2,008.75
2,031.00
0.99
Sep
2,031.36
2,088.00
0.97
Oct
2,777.26
2,616.00
1.06
Nov
2,206.40
1,305.00
1.69
Dec
2,843.82
1,586.00
1.79
Total
26,272.28
18,486.00
1.42
Mar
0.00
Apr
0.00
May
0.00
Jun
0.00
Jul
0.00
Aug
3,212.21
Sep
3,212.21
Oct
3,212.22
Nov
3,212.21
Dec
3,212.22
Total
16,061.07
Mar
2,139.58
210.00
10.19
Apr
3,258.12
1,066.00
3.06
May
2,434.74
1,115.00
2.18
Jun
3,300.03
1,479.00
2.23
Jul
4,374.56
1,569.00
2.79
Aug
3,022.96
1,506.00
2.01
Sep
3,218.95
1,068.00
3.01
Oct
3,609.59
2,070.00
1.74
Nov
3,172.61
965.00
3.29
Dec
1,697.28
280.00
6.06
Total
35,736.31
13,447.00
2.66
Mar
3,030.46
1,678.00
1.81
Apr
2,912.54
1,535.00
1.90
May
2,424.57
2,243.00
1.08
Jun
3,123.47
1,138.00
2.74
Jul
3,111.24
2,636.00
1.18
Aug
3,691.69
1,978.00
1.87
Sep
3,191.94
1,685.00
1.89
Oct
3,867.98
2,923.00
1.32
Nov
3,197.48
1,367.00
2.34
Dec
3,374.04
1,466.00
2.30
Total
38,179.04
22,138.00
1.72
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
10 - FORD 3 TON LINE TRK 1993
Jan
Feb
301.68
631.65
Total:
Miles
271.00
106.00
Cost Per Mile:
1.11
5.96
24 - DODGE 3/4T DUALLY FLATBED 1995
Jan
Feb
618.76
817.02
Total:
Miles
1,135.00
1,286.00
Cost Per Mile:
0.55
0.64
25 - INTN'L 7400 DIGGER DEREK 2003
Jan
Feb
1,255.65
1,031.65
Total:
Miles
512.00
197.00
Cost Per Mile:
2.45
5.24
50 - 2002 SILVERADO 3/4 TON W/BOX
Jan
Feb
702.90
473.86
Total:
Miles
1,378.00
1,615.00
Cost Per Mile:
0.51
0.29
51 - FORD 150 4X4 2003
Jan
Feb
497.71
595.29
Total:
Miles
1,616.00
542.00
Cost Per Mile:
0.31
1.10
56 - 2012 DODGE RAM 1500 ST QUAD CAB 4x4
Jan
Feb
1,014.91
806.73
Total:
Miles
1,269.00
1,689.00
Cost Per Mile:
0.80
0.48
Mar
265.56
60.00
4.43
Apr
145.50
0.00
0.00
May
540.40
297.00
1.82
Jun
317.04
226.00
1.40
Jul
532.23
159.00
3.35
Aug
138.00
62.00
2.23
Sep
207.97
189.00
1.10
Oct
417.53
311.00
1.34
Nov
393.51
60.00
6.56
Dec
128.55
0.00
0.00
Total
4,019.62
1,741.00
2.31
Mar
585.22
209.00
2.80
Apr
584.61
269.00
2.17
May
266.78
780.00
0.34
Jun
2,013.87
618.00
3.26
Jul
738.91
383.00
1.93
Aug
330.56
182.00
1.82
Sep
337.56
831.00
0.41
Oct
948.97
870.00
1.09
Nov
281.65
610.00
0.46
Dec
585.63
594.00
0.99
Total
8,109.54
7,767.00
1.04
Mar
1,258.67
588.00
2.14
Apr
1,086.15
829.00
1.31
May
2,170.04
322.00
6.74
Jun
1,611.13
882.00
1.83
Jul
1,176.87
242.00
4.86
Aug
1,295.09
655.00
1.98
Sep
1,234.31
307.00
4.02
Oct
1,321.19
491.00
2.69
Nov
1,483.98
1,432.00
1.04
Dec
1,353.30
99.00
13.67
Total
16,278.03
6,556.00
2.48
Mar
971.40
1,656.00
0.59
Apr
551.89
768.00
0.72
May
876.57
1,723.00
0.51
Jun
954.03
1,490.00
0.64
Jul
634.26
941.00
0.67
Aug
785.84
1,465.00
0.54
Sep
1,081.52
1,557.00
0.69
Oct
619.09
1,317.00
0.47
Nov
642.15
828.00
0.78
Dec
734.08
917.00
0.80
Total
9,027.59
15,655.00
0.58
Mar
473.45
1,102.00
0.43
Apr
484.51
2,426.00
0.20
May
329.13
1,418.00
0.23
Jun
342.44
855.00
0.40
Jul
440.77
1,026.00
0.43
Aug
344.28
759.00
0.45
Sep
471.39
370.00
1.27
Oct
364.50
666.00
0.55
Nov
534.56
3,073.00
0.17
Dec
241.86
412.00
0.59
Total
5,119.89
14,265.00
0.36
Mar
970.82
1,722.00
0.56
Apr
745.99
754.00
0.99
May
558.77
2,662.00
0.21
Jun
838.52
700.00
1.20
Jul
687.48
923.00
0.74
Aug
667.36
1,671.00
0.40
Sep
857.39
1,151.00
0.74
Oct
852.10
1,368.00
0.62
Nov
785.87
1,615.00
0.49
Dec
431.66
2,338.00
0.18
Total
9,217.60
17,862.00
0.52
17,299.96
11,098.00
1.56
15,229.37
11,836.00
1.29
14,804.41
14,889.00
0.99
18,487.07
11,473.00
1.61
18,040.81
13,273.00
1.36
19,349.36
12,211.00
1.58
20,088.65
11,360.00
1.77
23,396.12
16,175.00
1.45
19,615.52
13,295.00
1.48
18,229.10
11,758.00
1.55
214,439.09
148,414.00
1.44
YTD
TRUCKS TOTALS
Total:
Miles
Cost Per Mile:
14,783.49
11,056.00
1.34
15,115.23
9,990.00
1.51
OTHER EQUIPMENT
Based on Miles
Fleet Asset: 11 - 1996 IH4800 4X4/PITMAN DIGGER
Expense
Jan
Feb
807.75
1,415.59
Total:
Miles
813.00
395.00
Cost Per Mile:
0.99
3.58
Fleet Asset: 15 - PETERBUILT TRACTOR 1978
Expense
Jan
Feb
307.75
983.43
Total:
Miles
0.00
97.00
Cost Per Mile:
0.00
10.14
Fleet Asset: 16 - CHEVY 1 TON DUMP TRK 1983
Expense
Jan
Feb
261.13
142.08
Total:
Miles
176.00
29.00
Cost Per Mile:
1.48
4.90
Fleet Asset: 23 - KAWASAKI MULE 2009
Expense
Jan
Feb
139.17
417.04
Total:
Fleet Asset: 31 - FLATBED TRAILER 1987-RL
Expense
Jan
Feb
79.68
202.05
Total:
Fleet Asset: 35 - WIRE TRAILER 1953
Expense
Jan
Feb
388.57
189.63
Total:
Fleet Asset: 40 - SKIDSTEER -TRAIL KING TRAILER
Expense
Jan
Feb
17.96
400.00
Total:
Fleet Asset: 41 - LOWBOY TK110 TRAIL KING 2002
Expense
Jan
Feb
3.75
125.03
Total:
Fleet Asset: 42 - RL BACKHOE TRAILER 2001
Expense
Jan
Feb
561.19
561.19
Total:
Fleet Asset: 44 - COL 4 WHEELER TRLR 2002
Expense
Jan
Feb
0.00
0.00
Total:
Fleet Asset: 45 - TK-20 TILT BED TRLR 2003
Expense
Jan
Feb
3.75
3.75
Total:
Fleet Asset: 47 - BUTLER POLE TRAILER - 2010
Expense
Jan
Feb
131.13
733.94
Total:
YTD
Mar
372.96
0.00
0.00
Apr
1,015.96
455.00
2.23
May
876.45
326.00
2.69
Jun
772.04
304.00
2.54
Jul
1,121.24
660.00
1.70
Aug
918.58
681.00
1.35
Sep
737.60
438.00
1.68
Oct
688.35
748.00
0.92
Nov
788.84
524.00
1.51
Dec
452.17
245.00
1.85
Total
9,967.53
5,589.00
1.78
Mar
313.82
0.00
0.00
Apr
371.19
1,756.00
0.21
May
561.80
360.00
1.56
Jun
319.36
0.00
0.00
Jul
425.24
50.00
8.50
Aug
319.38
150.00
2.13
Sep
524.68
118.00
4.45
Oct
315.41
125.00
2.52
Nov
548.45
70.00
7.84
Dec
315.41
72.00
4.38
Total
5,305.92
2,798.00
1.90
Mar
567.73
0.00
0.00
Apr
113.89
0.00
0.00
May
113.89
0.00
0.00
Jun
113.89
0.00
0.00
Jul
128.61
50.00
2.57
Aug
114.47
0.00
0.00
Sep
125.61
65.00
1.93
Oct
64.72
0.00
0.00
Nov
9.21
0.00
0.00
Dec
9.25
0.00
0.00
Total
1,764.48
320.00
5.51
Mar
144.13
Apr
74.16
May
31.24
Jun
0.00
Jul
9.98
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
62.17
Total
877.89
Mar
14.92
Apr
14.92
May
14.92
Jun
14.92
Jul
14.92
Aug
14.92
Sep
14.92
Oct
14.92
Nov
14.88
Dec
2.50
Total
418.47
Mar
2.50
Apr
2.50
May
2.50
Jun
2.50
Jul
2.50
Aug
2.50
Sep
2.50
Oct
2.50
Nov
2.50
Dec
2.50
Total
603.20
Mar
247.03
Apr
317.36
May
18.33
Jun
18.33
Jul
18.33
Aug
329.16
Sep
32.91
Oct
62.08
Nov
62.08
Dec
62.08
Total
1,585.65
Mar
3.75
Apr
3.75
May
13.74
Jun
193.03
Jul
11.34
Aug
11.34
Sep
34.10
Oct
11.34
Nov
11.34
Dec
11.34
Total
433.85
Mar
898.85
Apr
561.19
May
643.61
Jun
581.49
Jul
24.00
Aug
24.00
Sep
24.00
Oct
24.00
Nov
24.00
Dec
24.00
Total
3,951.52
Mar
0.00
Apr
513.60
May
0.00
Jun
0.00
Jul
0.00
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
0.00
Total
513.60
Mar
153.56
Apr
20.83
May
20.83
Jun
144.31
Jul
20.83
Aug
20.83
Sep
20.83
Oct
20.83
Nov
20.83
Dec
20.83
Total
472.01
Mar
133.80
Apr
133.80
May
133.80
Jun
133.80
Jul
133.80
Aug
133.80
Sep
133.80
Oct
133.80
Nov
133.80
Dec
133.80
Total
2,203.07
49 - LARSON CABLE REEL TRLR 2001
Jan
Feb
11.50
323.39
Total:
Fleet Asset: 53 - LARSON 20HP CABLE TRAILER
Expense
Jan
Feb
2.50
127.26
Total:
Fleet Asset: 54 - TRAILKING TK20
Expense
Jan
Feb
145.11
145.11
Total:
Fleet Asset: 57 - PJ UTILITY TRAILER
Expense
Jan
Feb
0.00
27.00
Total:
Based on Hours
Fleet Asset: 17 - 580 CASE BACKHOE
Expense
Jan
Feb
1,394.04
1,194.31
Total:
Hours:
26.00
0.00
Cost Per Hour:
53.62
0.00
Fleet Asset: 18 - CASE 960 TRENCHER
Expense
Jan
Feb
194.49
12.45
Total:
Hours:
0.00
0.00
Cost Per Hour:
0.00
0.00
Fleet Asset: 19 - HD 1040B HYDRAULIC ROCK SAW
Expense
Jan
Feb
0.00
0.00
Total:
Fleet Asset: 21 - 580 CASE BACKHOE 1994-RL
Expense
Jan
Feb
257.94
176.40
Total:
Hours:
0.00
1.00
Cost Per Hour:
0.00
176.40
Fleet Asset: 29 - R.L CASE 85XT SKID STEER 1998
Expense
Jan
Feb
325.20
559.54
Total:
Hours:
4.00
3.00
Cost Per Hour:
81.30
186.51
Fleet Asset: 30 - COL-CASE 75 XT SKID STEER
Expense
Jan
Feb
212.85
240.22
Total:
Fleet Asset: 36 - TEREX 1970-CABLE PLOW
Expense
Jan
Feb
504.21
645.68
Total:
Hours:
0.00
0.00
Cost Per Hour:
0.00
0.00
Fleet Asset:
Expense
Mar
2.50
Apr
2.50
May
69.75
Jun
7.65
Jul
7.65
Aug
95.40
Sep
35.04
Oct
2.50
Nov
6.50
Dec
2.50
Total
566.88
Mar
16.86
Apr
71.36
May
2.50
Jun
68.34
Jul
2.50
Aug
2.50
Sep
2.50
Oct
2.50
Nov
2.50
Dec
2.50
Total
303.82
Mar
145.11
Apr
145.11
May
253.99
Jun
145.11
Jul
145.11
Aug
145.11
Sep
145.11
Oct
145.11
Nov
129.76
Dec
129.76
Total
1,819.50
Mar
41.69
Apr
41.69
May
41.69
Jun
501.21
Jul
71.69
Aug
148.43
Sep
71.69
Oct
71.69
Nov
71.69
Dec
71.69
Total
1,160.16
Mar
1,085.04
5.00
217.01
Apr
1,060.95
3.00
353.65
May
1,146.42
37.00
30.98
Jun
1,578.66
19.00
83.09
Jul
1,060.95
9.00
117.88
Aug
1,124.05
9.00
124.89
Sep
1,170.09
12.00
97.51
Oct
1,288.89
8.00
161.11
Nov
1,286.53
9.00
142.95
Dec
1,670.24
6.00
278.37
Total
15,060.17
143.00
105.32
Mar
420.42
0.00
0.00
Apr
254.38
0.00
0.00
May
532.85
0.00
0.00
Jun
347.00
8.00
43.38
Jul
146.83
7.00
20.98
Aug
146.83
0.00
0.00
Sep
1,705.14
2.00
852.57
Oct
473.15
3.00
157.72
Nov
546.13
0.00
0.00
Dec
309.49
0.00
0.00
Total
5,089.16
20.00
254.46
Mar
0.00
Apr
0.00
May
2.68
Jun
2.68
Jul
2.68
Aug
2.68
Sep
2.68
Oct
2.68
Nov
2.68
Dec
2.68
Total
21.44
Mar
29.43
0.00
0.00
Apr
1,077.12
16.00
67.32
May
177.67
9.00
19.74
Jun
537.86
0.00
0.00
Jul
54.24
4.00
13.56
Aug
847.25
12.00
70.60
Sep
80.57
13.00
6.20
Oct
159.23
4.00
39.81
Nov
75.75
4.00
18.94
Dec
624.11
10.00
62.41
Total
4,097.57
73.00
56.13
Mar
185.11
0.00
0.00
Apr
512.60
2.00
256.30
May
356.41
5.00
71.28
Jun
214.59
0.00
0.00
Jul
657.80
4.00
164.45
Aug
205.73
0.00
0.00
Sep
198.81
0.00
0.00
Oct
486.40
9.00
54.04
Nov
177.46
5.00
35.49
Dec
1,079.90
0.00
0.00
Total
4,959.55
32.00
154.99
Mar
212.85
Apr
212.85
May
212.85
Jun
212.85
Jul
212.85
Aug
44.20
Sep
0.00
Oct
0.00
Nov
0.00
Dec
56.04
Total
1,617.56
Mar
1,045.53
0.00
0.00
Apr
1,089.43
7.00
155.63
May
1,482.62
11.00
134.78
Jun
1,041.21
7.00
148.74
Jul
1,824.65
3.00
608.22
Aug
2,103.56
10.00
210.36
Sep
1,114.59
3.00
371.53
Oct
1,051.11
0.00
0.00
Nov
1,196.33
4.00
299.08
Dec
2,127.48
8.00
265.94
Total
15,226.40
53.00
287.29
Fleet Asset:
Expense
Fleet Asset:
Expense
38 - VERMEER TREE CHIPPER
Jan
Feb
598.03
631.24
Total:
Hours:
1.00
0.00
Cost Per Hour:
598.03
0.00
48 - VAC TRON PMD800DT TRLR/VAC SYS
Jan
Feb
12.73
335.37
Total:
Mar
498.80
0.00
0.00
Apr
498.78
0.00
0.00
May
475.90
0.00
0.00
Jun
475.89
0.00
0.00
Jul
475.90
0.00
0.00
Aug
475.89
0.00
0.00
Sep
80.33
0.00
0.00
Oct
49.58
0.00
0.00
Nov
49.58
0.00
0.00
Dec
49.53
0.00
0.00
Total
4,359.45
1.00
4,359.45
Mar
3.75
Apr
3.75
May
180.49
Jun
661.25
Jul
65.98
Aug
278.61
Sep
54.66
Oct
59.97
Nov
59.97
Dec
59.98
Total
1,776.51
3,059.21
0.00
0.00
3,480.93
5.00
696.19
3,403.81
2,211.00
1.54
4,709.86
28.00
168.21
2,799.04
686.00
4.08
4,567.89
62.00
73.68
3,015.98
304.00
9.92
5,071.99
34.00
149.18
2,137.74
760.00
2.81
4,501.88
27.00
166.74
2,280.42
831.00
2.74
5,228.80
31.00
168.67
1,905.29
621.00
3.07
4,406.87
30.00
146.90
1,559.75
873.00
1.79
3,571.01
24.00
148.79
1,826.38
594.00
3.07
3,394.43
22.00
154.29
1,302.50
317.00
4.11
5,979.45
24.00
249.14
31,947.55
8,707.00
3.67
52,207.81
322.00
162.14
OTHER EQUIPMENT TOTALS
Total:
Miles
Cost Per Mile
Total:
Hours
Cost Per Hour
2,860.94
989.00
2.89
3,499.49
31.00
112.89
5,796.49
521.00
11.13
3,795.21
4.00
948.80
SOLD
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
Fleet Asset:
Expense
12 - FORD F-150 TAN W/TOPPER 1999 - Sold June 2013
Jan
Feb
Mar
Apr
313.04
157.13
87.19
87.15
Total:
13 - FREIGHTLINER TRACTOR - Sold June 2013
Jan
Mar
Feb
Apr
217.53
445.09
672.67
217.64
Total:
28 - BOXING MUD PUMP - Sold June 2013
Jan
Mar
Feb
Apr
0.00
0.00
0.00
150.47
Total:
43 - COLUMBUS BACKHOE TRAILER 2001 - Sold June 2013
Jan
Mar
Feb
Apr
46.63
3.75
3.75
614.52
Total:
46 - DIRECTIONAL DRILL-IC 200X TRAC - Sold June 2013
Jan
Mar
Feb
Apr
0.00
0.00
0.00
132.92
Total:
507 - FORD BUCKET TRUCK 2006 COLUMBUS - Sold June 2013
Jan
Mar
Feb
Apr
3,426.18
1,833.87
1,857.22
1,833.84
Total:
Miles
45.00
0.00
0.00
0.00
Cost Per Mile:
76.14
0.00
0.00
0.00
YTD
May
61.52
Jun
403.70
Jul
0.00
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
0.00
Total
1,109.73
May
217.64
Jun
597.85
Jul
0.00
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
0.00
Total
2,368.42
May
0.00
Jun
0.00
Jul
0.00
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
0.00
Total
150.47
May
3.75
Jun
30.00
Jul
0.00
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
0.00
Total
702.40
May
0.00
Jun
0.00
Jul
0.00
Aug
0.00
Sep
0.00
Oct
0.00
Nov
0.00
Dec
0.00
Total
132.92
May
1,399.69
0.00
0.00
Jun
1,076.39
0.00
0.00
Jul
0.00
0.00
0.00
Aug
0.00
0.00
0.00
Sep
0.00
0.00
0.00
Oct
0.00
0.00
0.00
Nov
0.00
0.00
0.00
Dec
0.00
0.00
0.00
Total
11,427.19
45.00
253.94
15,891.13
45.00
353.14
SOLD TOTALS
Total:
Miles
Cost Per Mile
4,003.38
45.00
88.96
2,620.83
0.00
0.00
2,439.84
0.00
0.00
3,036.54
0.00
0.00
1,682.60
0.00
0.00
2,107.94
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD
TOTALS
Total: 21,647.81 23,532.55
Miles 12,090.00 10,511.00
Cost Per Mile
1.79
2.24
Total:
Hours
Cost Per Hour
3,499.49
31.00
112.89
3,795.21
4.00
948.80
Total
22,799.01 21,669.72 19,286.05 23,610.99 20,178.55 21,629.78 21,993.94 24,955.87 21,441.90 19,531.60 262,277.77
11,098.00 14,047.00 15,575.00 11,777.00 14,033.00 13,042.00 11,981.00 17,048.00 13,889.00 12,075.00 157,166.00
2.05
1.54
1.24
2.00
1.44
1.66
1.84
1.46
1.54
1.62
1.67
3,480.93
5.00
696.19
4,709.86
28.00
168.21
4,567.89
62.00
73.68
5,071.99
34.00
149.18
4,501.88
27.00
166.74
5,228.80
31.00
168.67
4,406.87
30.00
146.90
3,571.01
24.00
148.79
3,394.43
22.00
154.29
5,979.45
24.00
249.14
52,207.81
322.00
162.14
BEARTOOTH ELECTRIC COOPERATIVE
BOARD REPORT
Meeting Date February 24, 2014
Robert P. Walker, Interim Director of Finance & Accounting
Training Update
Brad Prophet has now completed all four of the required classes to obtain his “Front Line Leadership” certificate from NWPPA.
Future Sessions are as follows:
5: Optional – Supervising Union Employees
6: Optional – Safety Leadership/Safety Culture
2014 Budget
The Beartooth Electric Cooperative 2014 Budget was posted to the Cooperative’s website on February 13th and is now available to our members who visit the website. Beartooth Electric’s Four-Year Work
Plan and Financial Forecast have also been posted on our website.
Work Order Accounting Procedures
We closed construction work orders totaling $161,843.40 and retirement work orders totaling
$51,508.97 in December and will be closing work orders for January soon. Chris Colberg, the R.U.S. Field
Accountant was in our office the week of February 3rd to do his final closeout loan fund audit for our
AA8 loan. While he found some problems with work orders on the RUS Form 219’s which were filed in 2010 and 2011, it will only involve a loan fund budget adjustment and not a disallowance of funds which
is good news. Chris also reviewed some of our current work orders and other than an NISC program
problem which we brought to NISC’s attention and they assured us that they would fix, he thought our
current personnel and procedures are going well and he liked the backup detail that we file with every
work order. Chris also helped Dianne gain a better understanding of the work order process which she
greatly appreciated.
Investments and Cash Balances
As of February 13th our savings balances at Wells Fargo Bank and The Bank of Red Lodge were
$25,078.38 and $25,078.38 Our Balances in First Interstate Bank as of close of business on 01/13/ 2013
totaled $325,104.02. Our estimated power bill which is due on February 20th comes to $507,449.05.
Also, we do have outstanding checks and will be doing another check run before the date of the Board
Meeting.
Yearend Financial Reports
Beartooth Electric’s 2013 R.U.S. Form 7, “Financial and Operating Report” has been completed as well as all of the year end payroll tax forms and W2”s. We can now begin preparation of our Department of Revenue reports for Montana and Wyoming and the annual report to the Wyoming Public Service
Commission.
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB
control number. The valid OMB control number for this information collection is 0572-0032. The time required to complete this information collection is estimated to average 15 hours per
response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.
MT0019
PERIOD ENDED December, 2013
BORROWER NAME
INSTRUCTIONS - See help in the online application.
Beartooth Electric Cooperative, Inc.
This information is analyzed and used to determine the submitter’s financial situation and feasibility for loans and guarantees. You are required by contract and applicable
regulations to provide the information. The information provided is subject to the Freedom of Information Act (5 U.S.C. 552)
CERTIFICATION
We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making of a
false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.
We hereby certify that the entries in this report are in accordance with the accounts and other records
of the system and reflect the status of the system to the best of our knowledge and belief.
ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING
PERIOD AND RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES DURING THE PERIOD COVERED
BY THIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XVII
(check one of the following)
All of the obligations under the RUS loan documents
have been fulfilled in all material respects.
There has been a default in the fulfillment of the obligations
under the RUS loan documents. Said default(s) is/are
specifically described in Part D of this report.
DATE
ITEM
1.
Operating Revenue and Patronage Capital
2.
Power Production Expense
PART A. STATEMENT OF OPERATIONS
YEAR-TO-DATE
LAST YEAR
THIS YEAR
(a)
(b)
10,460,025
10,216,631
3. Cost of Purchased Power
BUDGET
(c)
10,332,852
THIS MONTH
(d)
1,115,222
4,928,454
5,003,796
4,716,380
576,677
5,640
4,436
5,576
357
1,007,995
819,543
932,061
55,262
518,272
254,272
864,289
254,661
66,861
19,000
47,200
26,366
35,000
11. Administrative and General Expense
75,015
12,504
1,095,435
729,389
256,731
55,001
7,897,587
1,129,901
7,860,039
1,178
165,223
12.
1,338,015
8,358,306
844,678
860,945
870,850
73,669
843
2,148
0
2,515
642,126
0
1,840
658,452
0
240
0
0
17,985
9,436,642
16,256
1,800
9,881,948
779,989
578,077
53,559
0
9,481
9,410,966
921,886
14,986
0
(3,947,041)
0
0
7,076
0
0
0
0
0
0
42,665
48,947
4.
Transmission Expense
5. Regional Market Expense
6.
Distribution Expense - Operation
7.
Distribution Expense - Maintenance
8. Customer Accounts Expense
9. Customer Service and Informational Expense
10. Sales Expense
Total Operation & Maintenance Expense (2 thru 11)
13. Depreciation and Amortization Expense
14. Tax Expense - Property & Gross Receipts
15. Tax Expense - Other
16. Interest on Long-Term Debt
17. Interest Charged to Construction - Credit
18. Interest Expense - Other
19. Other Deductions
20.
Total Cost of Electric Service (12 thru 19)
21.
Patronage Capital & Operating Margins (1 minus 20)
22. Non Operating Margins - Interest
23. Allowance for Funds Used During Construction
24. Income (Loss) from Equity Investments
25. Non Operating Margins - Other
26. Generation and Transmission Capital Credits
27. Other Capital Credits and Patronage Dividends
28. Extraordinary Items
29.
Patronage Capital or Margins (21 thru 28)
663,068
0
26,518
1,800
1,800
0
0
48,270
0
(3,070,828)
643,581
985,142
4,144
888,702
54,912
0
1,374
150
1,019,047
96,175
1,016
0
0
2,129
0
7,299
0
106,619
Revision Date 201
MT0019
PERIOD ENDED
December, 2013
ITEM
1. New Services Connected
PART B. DATA ON TRANSMISSION AND DISTRIBUTION PLANT
YEAR-TO-DATE
ITEM
LAST YEAR
THIS YEAR
(a)
(b)
57
88 5. Miles Transmission
63
47
6. Miles Distribution –
Overhead
1,284.49
1,300.07
6,303
6,530
7. Miles Distribution Underground
448.84
461.84
2. Services Retired
3. Total Services in Place
4. Idle Services
(Exclude Seasonals)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
682
Total Utility Plant in Service
Construction Work in Progress
Total Utility Plant (1 + 2)
Accum. Provision for Depreciation and Amort.
Net Utility Plant (3 - 4)
Non-Utility Property (Net)
Investments in Subsidiary Companies
Invest. in Assoc. Org. - Patronage Capital
Invest. in Assoc. Org. - Other - General Funds
Invest. in Assoc. Org. - Other - Nongeneral Funds
Investments in Economic Development Projects
Other Investments
Special Funds
Total Other Property & Investments
(6 thru 13)
Total Miles Energized
1,748.54
(5 + 6 + 7)
PART C. BALANCE SHEET
28,455,027 30.
Memberships
103,807 31.
Patronage Capital
28,558,834 32.
Operating Margins - Prior Years
12,576,644 33.
Operating Margins - Current Year
15,982,190 34.
Non-Operating Margins
773
0
0
305,229
0
295,092
0
0
0
8.
35.
36.
37.
38.
39.
40.
41.
42.
600,321 43.
15.
Cash - General Funds
16.
Cash - Construction Funds - Trustee
17.
18.
19.
Special Deposits
Temporary Investments
Notes Receivable (Net)
20.
Accounts Receivable - Sales of Energy (Net)
21.
22.
Accounts Receivable - Other (Net)
Renewable Energy Credits
23.
Materials and Supplies - Electric & Other
309,450 51.
24.
25.
Prepayments
Other Current and Accrued Assets
Total Current and Accrued Assets
(15 thru 25)
Regulatory Assets
Other Deferred Debits
Total Assets and Other Debits
(5+14+26 thru 28)
182,333
2,849
26.
27.
28.
29.
YEAR-TO-DATE
THIS YEAR
LAST YEAR
(a)
(b)
15.21
15.21
Other Margins and Equities
Total Margins & Equities (30 thru 35)
Long-Term Debt - RUS (Net)
Long-Term Debt - FFB - RUS Guaranteed
Long-Term Debt - Other - RUS Guaranteed
Long-Term Debt Other (Net)
Long-Term Debt - RUS - Econ. Devel. (Net)
Payments – Unapplied
Total Long-Term Debt
(37 thru 41 - 42)
44.
1
45.
0
491,442
0
46.
47.
48.
Obligations Under Capital Leases - Noncurrent
Accumulated Operating Provisions
and Asset Retirement Obligations
Total Other Noncurrent Liabilities (44 + 45)
Notes Payable
Accounts Payable
49.
Consumers Deposits
50.
Current Maturities Long-Term Debt
Current Maturities Long-Term Debt
- Economic Development
Current Maturities Capital Leases
Other Current and Accrued Liabilities
Total Current & Accrued Liabilities
(47 thru 53)
Regulatory Liabilities
Other Deferred Credits
Total Liabilities and Other Credits
(36 + 43 + 46 + 54 thru 56)
10,578
0
52.
53.
2,481,332 54.
0
76,802
55.
56.
19,140,645
57.
0
3,831,691
0
578,077
65,504
175,899
4,651,171
524,894
7,265,909
0
4,792,678
0
0
12,583,481
109,395
1,375,284
1,777.12
0
0
0
0
823,009
69,810
678,119
0
0
317,172
1,888,110
0
17,883
19,140,645
Revision Date 201
MT0019
PERIOD ENDED
December, 2013
PART D. NOTES TO FINANCIAL STATEMENTS
Revision Date 2013
MT0019
PERIOD ENDED
December, 2013
PART D. CERTIFICATION LOAN DEFAULT NOTES
Revision Date 2013
PERIOD ENDED
MT0019
December, 2013
PART E. CHANGES IN UTILITY PLANT
BALANCE
ADJUSTMENTS AND
BEGINNING OF YEAR
ADDITIONS
RETIREMENTS
TRANSFERS
(a)
(b)
(c)
(d)
108,987
1,430,213
2,255,689
23,500,616
PLANT ITEM
BALANCE
END OF YEAR
(e)
24,435,079
1.
Distribution Plant
2.
General Plant
2,376,160
123,679
211,537
2,288,302
3.
Headquarters Plant
1,221,444
88,713
4,644
1,305,513
4.
Intangibles
5.
Transmission Plant
0
0
426,133
426,133
0
0
6. Regional Transmission and Market
Operation Plant
7.
8.
27,524,353
Total Utility Plant in Service (1 thru 7)
9. Construction Work in Progress
10.
Total Utility Plant (8 + 9)
2,468,081
220,341
(116,534)
27,744,694
2,351,547
PART F. MATERIALS AND SUPPLIES
BALANCE
BEGINNING OF YEAR PURCHASED
SALVAGED
USED (NET)
(a)
(b)
(c)
(d)
272,639
1,253,980
32,562
1,237,030
ITEM
1. Electric
2.
0
0
All Other Utility Plant
Other
1,646,394
108,987
28,455,027
1,646,394
108,987
28,558,834
103,807
SOLD
(e)
ADJUSTMENT
(f)
(12,701)
BALANCE
END OF YEAR
(g)
309,450
0
0
PART G. SERVICE INTERRUPTIONS
ITEM
POWER SUPPLIER
(a)
61.942
1.
Present Year
2.
Five-Year Average
1.
Number of Full Time Employees
77.400
2. Employee - Hours Worked - Regular Time
AVERAGE MINUTES PER CONSUMER BY CAUSE
MAJOR EVENT
PLANNED
(b)
(c)
642.475
17.913
68.331
339.027
751,436
394,535
271,716
1,918 6. Payroll - Other
PART I. PATRONAGE CAPITAL
ITEM
2. Capital Credits - Received
TOTAL
(e)
864.513
184.384
8.912
PART H. EMPLOYEE-HOUR AND PAYROLL STATISTICS
18 4. Payroll - Expensed
38,084 5. Payroll – Capitalized
3. Employee - Hours Worked - Overtime
1. Capital Credits - Distributions
ALL OTHER
(d)
142.183
THIS YEAR
(a)
DESCRIPTION
CUMULATIVE
(b)
1,639,272
a. General Retirements
0
b. Special Retirements
66,030
820,438
c.
Total Retirements (a + b)
a. Cash Received From Retirement of Patronage Capital by
Suppliers of Electric Power
66,030
2,459,710
0
b. Cash Received From Retirement of Patronage Capital by
Lenders for Credit Extended to the Electric System
23,541
c.
23,541
Total Cash Received (a + b)
PART J. DUE FROM CONSUMERS FOR ELECTRIC SERVICE
1. Amount Due Over 60 Days
$
98,781
2. Amount Written Off During Year
$
21,835
Revision Date 201
MT0019
INSTRUCTIONS - See help in the online application
No
ITEM
(a)
1 Southern Montana
Elec G & T
Cooperative, Inc.
Total
SUPPLIER
CODE
(b)
800414
PERIOD ENDED
December, 2013
PART K. kWh PURCHASED AND TOTAL COST
RENEWABLE RENEWABLE
kWh
TOTAL
ENERGY
FUEL
PURCHASED
COST
PROGRAM
TYPE
NAME
(c)
(d)
(e)
72,730,530
(f)
5,003,796
72,730,530
5,003,796
AVERAGE
COST
(Cents/kWh)
(g)
INCLUDED IN INCLUDED IN
TOTAL COST - TOTAL COST FUEL COST
WHEELING
ADJUSTMENT AND OTHER
CHARGES
(h)
(i)
6.88
6.88
Revision Date 2013
MT0019
INSTRUCTIONS - See help in the online application
PERIOD ENDED
December, 2013
PART K. kWh PURCHASED AND TOTAL COST
Comments
No
1
Revision Date 2013
No
NAME OF LESSOR
(a)
MT0019
PERIOD ENDED
December, 2013
PART L. LONG-TERM LEASES
TYPE OF PROPERTY
(b)
RENTAL THIS YEAR
(c)
TOTAL
Revision Date 2013
MT0019
PERIOD ENDED
December, 2013
PART M. ANNUAL MEETING AND BOARD DATA
1. Date of Last Annual Meeting
2. Total Number of Members
3. Number of Members Present at Meeting
4,321
9/28/2013
5. Number of Members Voting
by Proxy or Mail
6. Total Number of Board Members
712
7
105
7. Total Amount of Fees and Expenses
for Board Members
$
124,176
4. Was Quorum Present?
Y
8. Does Manager Have
Written Contract?
Y
Revision Date 201
No
2
3
4
5
6
7
8
9
MT0019
PERIOD ENDED
December, 2013
PART N. LONG-TERM DEBT AND DEBT SERVICE REQUIREMENTS
BALANCE END OF
INTEREST
PRINCIPAL
YEAR
(Billed This Year)
(Billed This Year)
(a)
(b)
(c)
Rural Utilities Service (Excludes RUS 524,894
29,904
19,612
Economic Development Loans)
National Rural Utilities Cooperative Finance
4,792,678
311,499
155,147
Corporation
CoBank, ACB
Federal Financing Bank
7,265,909
300,724
475,894
RUS - Economic Development Loans
Payments Unapplied
Principal Payments Received from Ultimate
Recipients of IRP Loans
Recipients of REDL Loans
Recipients of EE Loans
TOTAL
12,583,481
642,127
650,653
ITEM
1
TOTAL
(Billed This Year)
(d)
49,516
466,646
776,618
1,292,780
Revision Date 2013
MT0019
PERIOD ENDED
December, 2013
PART O. POWER REQUIREMENTS DATABASE - ANNUAL SUMMARY
AVERAGE NO.
CONSUMER SALES &
CLASSIFICATION
DECEMBER
CONSUMERS SERVED
REVENUE DATA
(a)
(b)
1. Residential Sales (excluding
5,391
5,370
a.
No. Consumers Served
seasonal)
b. kWh Sold
c.
2. Residential Sales - Seasonal
3. Irrigation Sales
4. Comm. and Ind. 1000 KVA or Less
5. Comm. and Ind. Over 1000 KVA
6. Public Street & Highway Lighting
7. Other Sales to Public Authorities
8. Sales for Resale - RUS Borrowers
9. Sales for Resale - Other
Revenue
TOTAL
YEAR TO DATE
(c)
50,202,294
8,564,165
0
0
a.
b.
kWh Sold
c.
Revenue
a.
b.
kWh Sold
c.
Revenue
a.
b.
kWh Sold
7,610,883
c.
Revenue
1,125,949
a.
b.
kWh Sold
c.
Revenue
0
0
0
51
2,959,846
446,224
358
1
357
1
2,162,400
236,612
0
a.
b.
kWh Sold
0
c.
Revenue
0
0
a.
b.
kWh Sold
c.
Revenue
a.
b.
kWh Sold
0
c.
Revenue
0
a.
b.
kWh Sold
c.
Revenue
0
0
0
0
0
0
0
0
0
0
5,750
5,779
10.
Total No. of Consumers (lines 1a thru 9a)
11.
Total kWh Sold (lines 1b thru 9b)
62,935,423
12.
Total Revenue Received From Sales of
Electric Energy (lines 1c thru 9c)
10,372,950
13.
Transmission Revenue
14.
Other Electric Revenue
15.
kWh - Own Use
16.
Total kWh Purchased
17.
Total kWh Generated
18.
Cost of Purchases and Generation
19.
Interchange - kWh - Net
20.
Peak - Sum All kW Input (Metered)
X Coincident____
Non-coincident___
0
87,075
336,321
72,730,530
0
5,008,232
0
17,743
Revision Date 201
PERIOD ENDED
MT0019
December, 2013
CLASSIFICATION
PART P. ENERGY EFFICIENCY PROGRAMS
ADDED THIS YEAR
No. of
Amount
Estimated
Consumers
Invested
MMBTU Savings
(a)
(b)
(c)
No. of
Consumers
(d)
TOTAL TO DATE
Amount
Estimated
Invested
MMBTU Savings
(e)
(f)
1. Residential Sales (excluding seasonal)
2. Residential Sales - Seasonal
3.
Irrigation Sales
4. Comm. and Ind. 1000 KVA or Less
5. Comm. and Ind. Over 1000 KVA
6.
Public Street and Highway Lighting
7.
Other Sales to Public Authorities
8.
Sales for Resale – RUS Borrowers
9.
Sales for Resale – Other
10.
Total
Revision Date 201
MT0019
INVESTMENTS, LOAN GUARANTEES AND LOANS
PERIOD ENDED
December, 2013
INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in Part
C. Identify all investments in Rural Development with an 'X' in column (e). Both 'Included' and 'Excluded' Investments must be reported. See help in the online
application.
PART Q. SECTION I. INVESTMENTS (See Instructions for definitions of Income or Loss)
No
DESCRIPTION
INCLUDED
EXCLUDED
INCOME OR LOSS
RURAL
($)
($)
($)
DEVELOPMENT
(a)
(b)
(c)
(d)
(e)
2 Investments in Associated Organizations
NRUCFC CAPITAL TERM CERTIFICATES
284,892
FEDERATED R.E.., FARMERS UNION, NCDC,
75,245
TRIANGLE TELE., RESCO, NRTC, MAU, NISC
NRUCFC MBSH, COBANK MBSH
1,000
NRUCFC PAT CAPITAL CREDITS
145,260
BASIN CAPTIAL CREDITS
80,567
CO-BANK
13,357
Totals
75,245
525,076
6 Cash - General
1ST INTERSTATE BANK - CHECKING
93,129
WELLS FARGO BANK - CHECKING
11,603
YELLOWSTONE BANK - SAVINGS
4,113
BEC - WORKING FUNDS
550
Totals
109,395
8 Temporary Investments
1ST INTERSTATE BANK - SAVINGS
34,486
156,872
WELLS FARGO BANK - SAVINGS
300,084
Totals
34,486
456,956
9 Accounts and Notes Receivable - NET
EMPLOYEE PAID INSURANCE, POLE RENTAL,
10,578
OTHER RECEIVABLES
Totals
10,578
11 TOTAL INVESTMENTS (1 thru 10)
109,731
1,102,005
RUS Financial and Operating Report Electric Distribution - Investments
Revision Date 2013
MT0019
PERIOD ENDED
December, 2013
application.
PART Q. SECTION II. LOAN GUARANTEES
No
ORGANIZATION
MATURITY DATE
ORIGINAL AMOUNT
LOAN BALANCE
RURAL
($)
($)
DEVELOPMENT
(a)
(b)
(c)
(d)
(e)
1 BEC's Load Ratio Share of G&T's CFC LOC
5/24/2016
120,420
120,420
2 BEC's Load Ratio Share of Highwood
2/26/2040
15,052,500
15,052,500
Generation Station-Prudential
3 BEC's Load Ratio Share of Highwood
2/26/2026
2,007,000
2,007,000
Generation Station-Modern Woodman
TOTAL
17,179,920
17,179,920
TOTAL (Included Loan Guarantees Only)
17,179,920
17,179,920
RUS Financial and Operating Report Electric Distribution - Loan Guarantees
Revision Date 2013
MT0019
PERIOD ENDED
December, 2013
application.
SECTION III. RATIO
RATIO OF INVESTMENTS AND LOAN GUARANTEES TO UTILITY PLANT
60.54 %
[Total of Included Investments (Section I, 11b) and Loan Guarantees - Loan Balance (Section II, 5d) to Total Utility Plant (Line 3, Part
C) of this report]
SECTION IV. LOANS
No
ORGANIZATION
MATURITY DATE
ORIGINAL AMOUNT
LOAN BALANCE
RURAL
($)
($)
DEVELOPMENT
(a)
(b)
(c)
(d)
(e)
1 Employees, Officers, Directors
2 Energy Resources Conservation Loans
TOTAL
RUS Financial and Operating Report Electric Distribution - Loans
Revision Date 2013

Beartooth Electric Cooperative Regular Board Meeting Friday

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