2006 Balance Sheet

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT
As of December 31, 2006

ASSETS:
Total Cost of System$147,422,606 
Accumulated Depreciaton38,762,262 
Net Value of System $108,660,344
Investment in Associated Organizations 19,948,076
Cash in Bank 1,946,976
Short-Term Investments -
Accounts Receivable--Electricity Sales and Other 4,039,851
Materials and Supplies Inventory 1,514,665
Prepayments--Insurance and Other 266,061
Unbilled Revenue and Power Cost Recovery 2,614,014
Regulatory Assets -
Deferred Debits 142,967
Total Assets $139,132,954
 
LIABILITIES:
Long-term Debt--RUS$24,226,859 
Long-term Debt--CFC10,219,459 
Long-term Debt--FFB18,746,518 
Total Long-term Debt Owed $53,192,836
Notes Payable--Current Installments 2,633,738
Accounts Payable--Power Bill 8,164,349
Accounts Payable--Materials and Other 1,089,005
Accumulated Operating Provisions 6,587,952
Member Deposits 802,972
Other Current Liabilities 2,024,213
Deferred Credits 120,877
Membership Fees 126,740
Members Equity in Cooperative 64,390,272
Total Liabilities, Margins, and Equities $139,132,954

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