BEARTOOTH ELECTRIC COOPERATIVE, INC. PROPOSED AMOUNT TO BE WRITTEN OFF 212 $23,98.1 Proposed 212 Write offs on Inactive Accounts (55 Accounts) $15,474.38 Unretired Capital Credits available to offset write off $9,847.51 211 Write offs on Inactive Accounts (16 Accounts) $12,5 accrued in 212 for write offs 12/31/212 Balance for Accumulated Provision Uncollectable Accounts is $63,496.42 Outside collection agency will be utilized to continue collection effort.
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 572-32. 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. UNITED STATES DEPARTMENT OF AGRICULTURE INSTRUCTIONS - See help in the online application. PERIOD ENDED December, 212 BORROWER NAME 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 MT19 Beartooth Electric Cooperative, Inc. 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 11. 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 3. Cost of Purchased Power 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 1. Sales Expense 11. Administrative and General Expense 12. 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 2. Total Cost of Electric Service (12 thru 19) 21. Patronage Capital & Operating Margins (1 minus 2) 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) PART A. STATEMENT OF OPERATIONS YEAR-TO-DATE LAST YEAR THIS YEAR BUDGET 1,23,33 1,216,631 1,32,526 4,91,192 828,5 259,182 45, THIS MONTH 1,17,829 25,124 26,518 17,528 1,376 1,8 1,8 1,8 15 9,675,95 9,436,642 9,48,67 932,178 554,425 779,989 839,856 85,651 44,188 53,559 22,94 4,985 (35,311) (3,947,41) (3,945,63) 12,852 51,5 42,665 5,342 5,37 RUS Financial and Operating Report Electric Distribution Revision Date 21 4,672 1,4,819 72,719 1,158 1,39,538 8,156,285 811,557 91 1,364 679,684 312,159 4,928,454 5,64 1,7,995 518,272 254,272 75,15 12,54 1,95,435 7,897,587 844,678 4,849,952 4,714 933,235 676,152 256,429 49,952 1,154,69 7,97,43 83,555 51,616 35,82 18,973 3,952 85,125 7,453 843 2,148 1,364 127 663,68 659,38 54,947 (3,7,828) 912,292 33 142,587 1 11,765 (3,849,624)
MT19 PERIOD ENDED December, 212 INSTRUCTIONS - See help in the online application. PART B. DATA ON TRANSMISSION AND DISTRIBUTION PLANT YEAR-TO-DATE ITEM LAST YEAR THIS YEAR ITEM 1. New Services Connected 59 57 5. Miles Transmission 2. Services Retired 42 63 6. Miles Distribution Overhead 3. Total Services in Place 6,39 6,33 7. Miles Distribution - Underground 4. Idle Services (Exclude Seasonals) 688 LAST YEAR 15.21 YEAR-TO-DATE 8. Total Miles Energized 682 1,74.8 (5 + 6 + 7) PART C. BALANCE SHEET LIABILITIES AND OTHER CREDITS 27,524,353 22,341 27,744,694 12,21,569 ASSETS AND OTHER DEBITS 1. Total Utility Plant in Service 3. Memberships 2. Construction Work in Progress 31. Patronage Capital 3. Total Utility Plant (1 + 2) 32. Operating Margins - Prior Years 4. Accum. Provision for Depreciation and Amort. 33. Operating Margins - Current Year 5. Net Utility Plant (3-4) 15,534,125 34. Non-Operating Margins 6. Non-Utility Property (Net) 35. Other Margins and Equities 7. Investments in Subsidiary Companies 36. Total Margins & Equities (3 thru 35) 8. Invest. in Assoc. Org. - Patronage Capital 279,454 37. Long-Term Debt - RUS (Net) 9. Invest. in Assoc. Org. - Other - General Funds 38. Long-Term Debt - FFB - RUS Guaranteed 1. Invest. in Assoc. Org. - Other - Nongeneral Funds 296,373 39. Long-Term Debt - Other - RUS Guaranteed 11. Investments in Economic Development Projects 4. Long-Term Debt Other (Net) 12. Other Investments 41. Long-Term Debt - RUS - Econ. Devel. (Net) 13. Special Funds 42. Payments Unapplied 14. Total Other Property & Investments 575,827 Total Long-Term Debt 43. (6 thru 13) (37 thru 41-42) 15. Cash - General Funds 1,92,782 44. Obligations Under Capital Leases - Noncurrent 16. Cash - Construction Funds - Trustee 1 Accumulated Operating Provisions 45. and Asset Retirement Obligations 17. Special Deposits 46. Total Other Noncurrent Liabilities (44 + 45) 18. Temporary Investments 269,248 47. Notes Payable 19. Notes Receivable (Net) 48. Accounts Payable 2. Accounts Receivable - Sales of Energy (Net) 1,223,253 21. Accounts Receivable - Other (Net) 6,693 49. Consumers Deposits 22. Renewable Energy Credits 5. Current Maturities Long-Term Debt 23. Materials and Supplies - Electric & Other 272,639 Current Maturities Long-Term Debt 51. - Economic Development 24. Prepayments 27,763 52. Current Maturities Capital Leases 25. Other Current and Accrued Assets 5,728 53. Other Current and Accrued Liabilities 26. Total Current and Accrued Assets 2,898,17 Total Current & Accrued Liabilities 54. (15 thru 25) (47 thru 53) 27. Regulatory Assets 55. Regulatory Liabilities 28. Other Deferred Debits 52,485 56. Other Deferred Credits 29. Total Assets and Other Debits Total Liabilities and Other Credits 19,6,544 57. (5+14+26 thru 28) (36 + 43 + 46 + 54 thru 56) 1,28.5 444.82 THIS YEAR 15.21 1,284.49 448.84 1,748.54 7,29,792 779,989 (3,85,817) 76,58 4,35,472 545,427 7,41,978 5,48,47 13,436,812 664,731 72,37 475,441 359,193 1,571,735 16,525 19,6,544 RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 INSTRUCTIONS - See help in the online application. PERIOD ENDED December, 212 PART D. NOTES TO FINANCIAL STATEMENTS Non Operating Margins - Other includes write off to actual value of assets due to Southern bankruptcy and SME of $3,422,257 and write off of Other Deferred Debits for Survey (project not expected to be completed) of $527,389. RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 INSTRUCTIONS - See help in the online application. PERIOD ENDED December, 212 PART D. CERTIFICATION LOAN DEFAULT NOTES RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 INSTRUCTIONS - See help in the online application. 1. Distribution Plant 2. General Plant 3. Headquarters Plant 4. Intangibles 5. Transmission Plant PLANT ITEM 6. Regional Transmission and Market Operation Plant 7. All Other Utility Plant 8. Total Utility Plant in Service (1 thru 7) 9. Construction Work in Progress 1. Total Utility Plant (8 + 9) 1. Electric 2. Other ITEM ITEM 1. Present Year 2. Five-Year Average BALANCE BEGINNING OF YEAR 181,39 POWER SUPPLIER PERIOD ENDED PART E. CHANGES IN UTILITY PLANT BALANCE BEGINNING OF YEAR ADDITIONS RETIREMENTS 23,34,332 514,175 353,891 2,343,332 47,628 14,8 1,151,57 69,937 PURCHASED 1,252,238 PART F. MATERIALS AND SUPPLIES SALVAGED 7,354 USED (NET) 1,168,343 PART G. SERVICE INTERRUPTIONS AVERAGE MINUTES PER CONSUMER BY CAUSE MAJOR EVENT PLANNED PART H. EMPLOYEE-HOUR AND PAYROLL STATISTICS 1. Number of Full Time Employees 21 4. Payroll - Expensed 2. Employee - Hours Worked - Regular Time 44,13 5. Payroll Capitalized 3. Employee - Hours Worked - Overtime 1,212 6. Payroll - Other PART I. PATRONAGE CAPITAL ITEM 1. Capital Credits - Distributions a. General Retirements b. Special Retirements c. Total Retirements (a + b) DESCRIPTION 2. Capital Credits - Received a. Cash Received From Retirement of Patronage Capital by Suppliers of Electric Power b. Cash Received From Retirement of Patronage Capital by Lenders for Credit Extended to the Electric System c. Total Cash Received (a + b) SOLD (e) PART J. DUE FROM CONSUMERS FOR ELECTRIC SERVICE December, 212 ADJUSTMENTS AND TRANSFERS ADJUSTMENT (f) ALL OTHER THIS YEAR 1. Amount Due Over 6 Days $ 8,514 2. Amount Written Off During Year $ 426,133 27,261,34 219,92 27,481,26 BALANCE END OF YEAR (e) 23,5,616 BALANCE END OF YEAR (g) 272,639 TOTAL (e) CUMULATIVE 1,639,272 RUS Financial and Operating Report Electric Distribution Revision Date 21 631,74 439 632,179 368,691 368,691 36,638 36,638 18,74 18,74 2,376,16 1,221,444 426,133 27,524,353 22,341 27,744,694 844,822 338,367 333,514 754,48 2,393,68 23,98
MT19 INSTRUCTIONS - See help in the online application PERIOD ENDED December, 212 No ITEM 1 Southern Montana Elec G & T Cooperative, Inc. SUPPLIER CODE RENEWABLE ENERGY PROGRAM NAME PART K. kwh PURCHASED AND TOTAL COST RENEWABLE FUEL TYPE kwh PURCHASED (e) TOTAL COST (f) AVERAGE COST (Cents/kWh) 8414 69,87,177 4,928,454 7.13 Total 69,87,177 4,928,454 7.13 (g) INCLUDED IN TOTAL COST - FUEL COST ADJUSTMENT (h) INCLUDED IN TOTAL COST - WHEELING AND OTHER CHARGES (i) RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 INSTRUCTIONS - See help in the online application PERIOD ENDED December, 212 No 1 PART K. kwh PURCHASED AND TOTAL COST Comments RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 INSTRUCTIONS - See help in the online application. PERIOD ENDED December, 212 PART L. LONG-TERM LEASES No TOTAL NAME OF LESSOR TYPE OF PROPERTY RENTAL THIS YEAR RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 PERIOD ENDED December, 212 INSTRUCTIONS - See help in the online application. 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. Was Quorum Present? 9/22/212 5. Number of Members Voting by Proxy or Mail 658 4,282 158 6. Total Number of Board Members 7. Total Amount of Fees and Expenses for Board Members 7 $ 1,84 Y 8. Does Manager Have Written Contract? Y RUS Financial and Operating Report Electric Distribution Revision Date 21
MT19 INSTRUCTIONS - See help in the online application. PERIOD ENDED December, 212 No ITEM BALANCE END OF YEAR 1 Rural Utilities Service (Excludes RUS - Economic Development Loans) 2 National Rural Utilities Cooperative Finance Corporation 3 CoBank, ACB PART N. LONG-TERM DEBT AND DEBT SERVICE REQUIREMENTS INTEREST (Billed This Year) PRINCIPAL (Billed This Year) TOTAL (Billed This Year) 545,427 3,838 18,678 49,516 5,229,532 311,226 146,52 457,728 4 Federal Financing Bank 7,41,978 321,4 444,56 765,564 5 RUS - Economic Development Loans 6 Payments Unapplied 7 SME HIGHWOOD 19,347 19,347 8 SOUTHERN G&T LOC GUARANTEE 25,875 TOTAL 13,436,812 682,415 69,74 1,292,155 RUS Financial and Operating Report Electric Distribution Revision Date 21
PERIOD ENDED December, 212 INSTRUCTIONS - See help in the online application. PART O. POWER REQUIREMENTS DATABASE - ANNUAL SUMMARY CLASSIFICATION 1. Residential Sales (excluding seasonal) CONSUMER SALES & REVENUE DATA a. No. Consumers Served 2. Residential Sales - Seasonal a. No. Consumers Served 3. Irrigation Sales a. No. Consumers Served 4. Comm. and Ind. 1 KVA or Less a. No. Consumers Served 5. Comm. and Ind. Over 1 KVA a. No. Consumers Served 6. Public Street & Highway Lighting a. No. Consumers Served 7. Other Sales to Public Authorities a. No. Consumers Served 8. Sales for Resale - RUS Borrowers a. No. Consumers Served 9. Sales for Resale - Other a. No. Consumers Served 1. Total No. of Consumers (lines 1a thru 9a) 11. Total kwh Sold (lines 1b thru 9b) 12. Total Revenue Received From Sales of Electric Energy (lines 1c thru 9c) 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 2. Peak - Sum All kw Input (Metered) Non-coincident X Coincident DECEMBER AVERAGE NO. CONSUMERS SERVED TOTAL YEAR TO DATE RUS Financial and Operating Report Electric Distribution Revision Date 21 5,327 358 1 5,686 MT19 5,32 51 349 1 5,73 48,836,384 8,366,826 3,97,635 531,74 7,269,931 1,8,29 2,94,3 234,476 62,18,25 1,213,251 3,381 289,959 69,87,177 4,934,94 14,668
INSTRUCTIONS - See help in the online application. CLASSIFICATION 1. Residential Sales (excluding seasonal) 2. Residential Sales - Seasonal 3. Irrigation Sales 4. Comm. and Ind. 1 KVA or Less 5. Comm. and Ind. Over 1 KVA 6. Public Street and Highway Lighting 7. Other Sales to Public Authorities 8. Sales for Resale RUS Borrowers 9. Sales for Resale Other 1. Total PERIOD ENDED PART P. ENERGY EFFICIENCY PROGRAMS ADDED THIS YEAR No. of Amount Estimated Consumers Invested MMBTU Savings No. of Consumers MT19 December, 212 TOTAL TO DATE Amount Estimated Invested MMBTU Savings (e) (f) RUS Financial and Operating Report Electric Distribution Revision Date 21
INVESTMENTS, LOAN GUARANTEES AND LOANS MT19 PERIOD ENDED December, 212 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. No DESCRIPTION 2 Investments in Associated Organizations PART Q. SECTION I. INVESTMENTS (See Instructions for definitions of Income or Loss) INCLUDED ($) EXCLUDED ($) NRUCFC CAPITAL TERM CERTIFICATES 286,173 FEDERATED R.E.., FARMERS UNION, NCDC, TRIANGLE TELE., RESCO, NRTC, MAU, NISC 64,51 NRUCFC MBSH, COBANK MBSH 1, NRUCFC PAT CAPITAL CREDITS 13,229 BASIN CAPTIAL CREDITS 8,567 CO-BANK 13,357 Totals 64,51 511,326 6 Cash - General 1ST INTERSTATE BANK - CHECKING 96,518 1, WELLS FARGO BANK - CHECKING 81,63 YELLOWSTONE BANK - SAVINGS 4,111 BEC - WORKING FUNDS 55 Totals 96,518 186,264 8 Temporary Investments 1ST INTERSTATE BANK - SAVINGS 164,282 1, WELLS FARGO BANK - SAVINGS 4,966 Totals 164,282 14,966 9 Accounts and Notes Receivable - NET EMPLOYEE PAID INSURANCE, POLE RENTAL, OTHER RECEIVABLES 6,693 Totals 6,693 11 TOTAL INVESTMENTS (1 thru 1) 1,135,31 89,249 INCOME OR LOSS ($) RURAL DEVELOPMENT (e) RUS Financial and Operating Report Electric Distribution - Investments Revision Date 21
INVESTMENTS, LOAN GUARANTEES AND LOANS MT19 PERIOD ENDED December, 212 INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in Part C. Identify all investments in Rural Development with an 'X' in column (e). Both 'Included' and 'Excluded' Investments must be reported. See help in the online application. No ORGANIZATION PART Q. SECTION II. LOAN GUARANTEES MATURITY DATE ORIGINAL AMOUNT ($) LOAN BALANCE ($) 1 BEC's Load Ratio Share of G&T's CFC LOC 5/24/216 12,42 12,42 2 BEC's Load Ratio Share of Highwood Generation Station-Prudential 3 BEC's Load Ratio Share of Highwood Generation Station-Modern Woodman 2/26/24 15,52,5 15,52,5 2/26/226 2,7, 2,7, TOTAL 17,179,92 17,179,92 TOTAL (Included Loan Guarantees Only) RURAL DEVELOPMENT (e) RUS Financial and Operating Report Electric Distribution - Loan Guarantees Revision Date 21
INVESTMENTS, LOAN GUARANTEES AND LOANS MT19 PERIOD ENDED December, 212 INSTRUCTIONS - Reporting of investments is required by 7 CFR 1717, Subpart N. Investment categories reported on this Part correspond to Balance Sheet items in Part C. Identify all investments in Rural Development with an 'X' in column (e). Both 'Included' and 'Excluded' Investments must be reported. See help in the online application. SECTION III. RATIO RATIO OF INVESTMENTS AND LOAN GUARANTEES TO UTILITY PLANT [Total of Included Investments (Section I, 11b) and Loan Guarantees - Loan Balance (Section II, 5d) to Total Utility Plant (Line 3, Part C) of this report] No ORGANIZATION 1 Employees, Officers, Directors 2 Energy Resources Conservation Loans TOTAL MATURITY DATE SECTION IV. LOANS ORIGINAL AMOUNT ($) LOAN BALANCE ($) 4.9 % RURAL DEVELOPMENT (e) RUS Financial and Operating Report Electric Distribution - Loans Revision Date 21