2022-06-22T09:57:12-05:00 2021-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2021-01-01 460225950 WEST CENTRAL ELECTRIC COOPERATIVE WEST 6056692472 PO BOX 17 MURDO SD 57559 JEFF BIRKELAND CEO 6056692472 2022-06-20 1 JEFF BIRKELAND 999009999 LAURIE HANSON CPA P00851848 6053391999 2022-06-20 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SHAD RIGGLE PO BOX 17 MURDO SD 57559 18722038 0 X HTTP://WWW.WCE.COOP X 1949 SD TO PROVIDE ELECTRICITY TO RURAL AREAS. 10 10 37 0 0 0 0 724000 18422821 17851824 211346 146214 0 0 18634167 18722038 19000 22000 1786182 1437124 3514110 3634984 0 0 0 13033540 12660612 18352832 17754720 281335 967318 57064508 53451686 37324703 32690731 19739805 20760955 TO PROVIDE ELECTRICITY TO RURAL AREAS. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,673 MEMBERS, BUILT 15.87 MILES OF LINES AND REMOVED 51.80 MILES. 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 37 1 0 0 0 0 0 18974246 184498 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X JEFF BIRKELAND 6056692472 PO BOX 17 MURDO SD 57559 X SHAD RIGGLE PRESIDENT 7.00 X X 13430 0 0 KEN MILLER VICE PRESIDENT 6.00 X X 12590 0 0 MARTY HANSEN SECRETARY-TREASURER 6.00 X X 12590 0 0 RICHARD BENDT DIRECTOR 6.00 X 13150 0 0 DAVID J MERTENS DIRECTOR 9.00 X 12590 0 0 KEVIN NEUHAUSER DIRECTOR 7.00 X 12870 0 0 JIM WILLERT DIRECTOR 5.00 X 9510 0 0 MIKE MCQUISTION DIRECTOR 7.00 X 10630 0 0 PAUL PATTERSON DIRECTOR 6.00 X 12030 0 0 JAMES SMITH DIRECTOR 5.00 X 11750 0 0 JEFF BIRKELAND CEO/MANAGER 50.00 X 163520 0 212643 SCOTT KITTLESON OPERATIONS MANAGER 50.00 X 127721 0 50273 KIT TALICH SYSTEM ENGINEER 50.00 X 111834 0 73297 ROBERT KAISER STAFF ASSISTANT 50.00 X 107210 0 66213 JILL RANKIN OFFICE MANAGER 50.00 X 102738 0 134864 JESSIE TUCKER MANAGER OF MEMBER SERVICES 50.00 X 108495 0 57247 842658 0 594537 6 0 1 0 KELLER CONSTRUCTION LLC 7700 MOUNT ROYAL LANE RAPID CITY SD 57702 REBUILD LINE - FIRE REPAIRS 130519 1 724000 724000 SALE OF POWER 221000 16915839 16915839 OTHER OPERATING 221000 548953 548953 CAPITAL CREDITS 221000 416449 416449 OTHER NON-OPERATING 221000 -29417 -29417 17851824 146214 146214 18722038 17851824 0 146214 22000 1437124 349672 2510162 571898 203252 940195 1693813 COST OF POWER 8599760 DISTRIBUTION-OPERATIONS 1620423 ADMIN & GENERAL 1453533 DISTRIBUTION-MAINTENANC 894709 -2541821 17754720 6047750 214530 1622200 1542360 249189 243550 1404342 1571652 66382 52468 65222004 30521762 34538528 34700242 3954999 5993016 198383 230673 8007641 7953101 975094 950094 57064508 53451686 1841139 2022642 28295910 27624499 1069310 345310 6118344 2698280 37324703 32690731 X 0 0 0 0 19739805 20760955 19739805 20760955 57064508 53451686 X 967318 -87985 141817 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87244 87244 2617320 1109343 1507977 60797113 29412419 31384694 1720327 1720327 34700242 RUSHMORE ELECTRIC POWER COOPERATIVE 6906986 C BASIN ELECTRIC POWER COOPERATIVE MEMEBERSHIP 100 C RURAL ELECTRIC SUPPLY COOPERATIVE 72582 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 66300 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 275582 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 631551 C 7953101 CUSTOMER DEPOSITS 240063 DEFERRED CREDITS 2458217 2698280 X 18634053 -87985 -87985 18722038 0 18722038 16317596 0 16317596 1437124 1437124 17754720 PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2021 MARGINS TO MEMBERS IN 2022 1,437,124. 1 SCHOLARSHIPS 22 22000 PART I, LINE 2: EACH YEAR WEST CENTRAL ELECTRIC SUPPORTS CONTINUING EDUCATION FOR AREA STUDENTS BY OFFERING SEVERAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS WHO ARE DEPENDENTS OF COOPERATIVE MEMBERS. THE SCHOLARSHIP COMMITTEE, CEO AND DIRECTOR OF MEMBER SERVICES, ARE CHARGED WITH REVIEWING APPLICATIONS & DETERMINING THE WINNERS BASED ON THEIR MERITS. SCHOLARSHIP DISBURSEMENTS ARE CO-PAYABLE TO THE STUDENT & THE STUDENT'S PARENTS. SHOULD A STUDENT DECIDE NOT TO ATTEND A SCHOOL, THE FUNDS ARE RETURNED TO WEST CENTRAL ELECTRIC COOP, INC. THE PROCESS FOR MONITORING INCLUDES APPROVAL THROUGH THE BUDGET PROCESS BY THE BOARD. THE BOARD IS INFORMED OF THE SCHOLARSHIP WINNERS AND THE AMOUNT GIVEN EACH YEAR. X X X 0 0 0 JEFF BIRKELAND CEO/MANAGER 156772 0 0 0 6748 0 195207 0 18910 0 377637 0 0 0 JILL RANKIN OFFICE MANAGER 98981 0 0 0 3757 0 109908 0 25951 0 238597 0 0 0 KIT TALICH SYSTEM ENGINEER 104172 0 0 0 7662 0 48341 0 26058 0 186233 0 0 0 SCOTT KITTLESON OPERATIONS MANAGER 117372 0 0 0 10349 0 32836 0 18612 0 179169 0 0 0 ROBERT KAISER STAFF ASSISTANT 100466 0 0 0 6744 0 55398 0 11809 0 174417 0 0 0 JESSIE TUCKER MANAGER OF MEMBER SERVICES 99029 0 0 0 9466 0 32291 0 25926 0 166712 0 0 0 SCHEDULE J, PART II, COLUMN (C) PART II COLUMN (C) INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR ALL PERSONS INCLUDED ON SCHEDULE J. THE ACTUAL CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN FOR EACH RESPECTIVE EMPLOYEE ARE NOT INCLUDIBLE IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 6 CLASS A MEMBERS - ALL MEMBERS WITH LESS THAN A 2 MW LOAD. CLASS B MEMBERS - MEMBERS HAVING A LOAD EQUAL TO OR GREATER THAN 2 MW. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES MEET AND REPORT TO THE BOARD. THE ENTIRE BOARD ACTS AS A WHOLE. A COMMITTEE CANNOT TAKE ACTION BY ITSELF. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL REVIEW THE FORM 990 AT A BOARD MEETING PRIOR TO FILING THE 990. BOARD MEMBERS WILL BE GIVEN A COPY OF THE 990 AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND STAFF ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EITHER MANAGEMENT OR THE BOARD CAN DETERMINE IF THERE IS A CONFLICT OF INTEREST. CONFLICTS ARE REVIEWED AT THE CEO AND BOARD LEVEL. THE RESTRICTIONS ARE IMPOSED ON A CASE BY CASE BASIS AND WILL REMOVE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET THE CEO'S COMPENSATION. CEO USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET STAFF AND INSIDE EMPLOYEES' WAGES. THIS PROCESS IS DONE BI-ANNUALLY AND WAS LAST UNDERTAKEN IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS. ALL DOCUMENTS CAN BE VIEWED AT THE COOPERATIVE HEADQUARTERS IN MURDO. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER/CEO, CFO, OPERATIONS MANAGER, AND SYSTEM ENGINEER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. PART VII JEFF BIRKELAND, CEO/MANAGER, ACTS IN THE CAPACITY OF TOP MANAGEMENT AND TOP FINANCIAL OFFICER OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -1,295,307. ALLOCATION OF 2021 MARGINS TO MEMBERS IN 2022 1,437,124. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.