Our Financials

2012 Balance Sheet

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT
As of December 31, 2012

ASSETS:
Total Cost of System	$189,022,275
Accumulated Depreciaton	58,385,574
Net Value of System		$130,636,701
Investment in Associated Organizations		26,437,721
Cash in Bank		3,624,844
Short-Term Investments		2,004,686
Accounts Receivable- Less Provision for Doubtful Accounts		5,945,782
Other Receivables		66,780
Materials and Supplies (At Average Cost)		1,167,052
Other Current and Accrued Assets		150,302

Deferred Charges		94,970
Total Assets		$170,128,838

LIABILITIES:
Long-term Debt--RUS	$ 5,473,523
Long-term Debt--CoBank	15,502,835
Long-term Debt--FFB	37,041,613
Total Long-term Debt Owed		$58,017,971
Notes Payable--Current Installments		4,845,144
Accounts Payable--Power Bill		7,139,190
Accounts Payable--Materials and Other		792,199
Accumulated Operating Provisions		20,030,335
Member Deposits		1,587,291
Other Current Liabilities		4,044,165
Deferred Credits		193,241
Membership Fees		134,685
Members Equity in Cooperative		73,344,617
Total Liabilities, Margins, and Equities		$170,128,838

INCOME / EXPENSE STATEMENT

INCOME
	Amount	Percent of Income
Electricity and Other Electric Revenue	$69,490,604	97.50%
Non-Operating Income--Other	434,597	0.61%
Non-Operating Income--Patronage Capital	1,675,630	2.34%
TOTAL INCOME	$71,600,831	100.000%

EXPENSES
Cost of Purchased Power	$43,356,440	60.55%
Operation and Maintenance	13,657,501	19.07%
Depreciation and Amortization	5,716,663	7.98%
Interest	2,946,260	4.11%
Taxes	668,433	0.93%
Other	160,937	0.22%

TOTAL EXPENSE	$66,506,234	92.88%
NET MARGIN	$5,094,597	7.12%

Last Modified: April 23, 2013