Phone: 903-846-2311 or 800-794-2919
Report an Outage: 877-707-2232
BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT
As of December 31, 2017
Utility Plant - $214,821,539
Construction Work in Progress - $4,652,471
Accumulated Depreciaton - $81,956,297
Net Value of Utility Plant - $137,517,713
Investments in Associated Organizations - $29,170,634
Investments in Capital Term Certificates - $1,402,241
Other Property and Investments -$30,572,875
Cash- General - $1,816,111
Cash- Restricted Funds - $73,523
Accounts Receivable (Less Provision for Doubtful Accounts) - $9,613,892
Materials and Supplies (At Average Cost) - $1,137,299
Current Assets-Other Current and Accrued Assets - $259,912
Total Current Assets - $12,900,737
Deferred Charges - $1,076,874
Total Assets - $182,068,199
Electricity and Other Electric Revenue - $72,396,457
Non-Operating Income--Other - $1,892,337
Non-Operating Income--G&T and other Capital Credits - 1,069,916
TOTAL INCOME - $75,358,710
Cost of Purchased Power - $45,396,293
Operation and Maintenance - $14,913,668
Depreciation and Amortization - $6,828,130
Interest - $3,081,826
Other Deductions - 37,293
TOTAL EXPENSE - $70,257,210
NET MARGIN - $5,101,500
Equities & Margins-Patronage Capital - $99,834,155
Equities & Margins-Other (Deficit) - ($6,004,291)
Total Equities & Margins - $93,686,196
Long-Term Debt--CFC - $ 4,794,673
Long-Term Debt-FFB and RUS - $41,092,527
Long-term Debt--CoBank - $7,067,800
Total Long-term Debt Owed - $52,955,000
Other Non-Current Liabilities-Accumulated Provisions - $5,903,900
Other Non-Current Liabilities-Unfunded Pension Liability - $11,817,610
Total Other Non-Current Liabilities - $17,721,510
Current Liabilities- Accounts Payable - $5,362,216
Current Liabilities-Accumulated Provisions - $175,200
Current Liabillities-Notes Payable - 6,109,460
Current Liabilities-Consumer Deposits - $1,443,393
Current Liabilities-Taxes Accrued - $288,506
Current Liabilities-Patronage Capital Payable - $1,437,160
Current Liabilities-Other Current & Accrued - $2,659,139
Total Current Liabilities - $17,475,074
Deferred Credits - $230,419
Total Equities And Liabilities - $182,068,199