2017-11-03T12:32:16-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 103 W MCMILLAN SUITE 2 PO BOX 428 MARSHFIELD WI 54449 990 2016-01-01 390783977 CENTRAL WISCONSIN ELECTRIC COOPERATIVE CENT 7156772211 PO BOX 100 ROSHOLT WI 54473 MICHAEL WADE PRESIDENT/CEO 7156772211 2017-10-25 1 CRAIG POPENHAGEN P01587689 7153876341 2017-10-18 67.137.57.251 2017-10-25 08:45:02 CD P 08DFA26CE538422D1BC8C73EFB9F80828EA26709 B256E196D48B9829AE00363B5A57E2092CDE17BD 2016 2018-03-14 21:41:22Z MICHAEL WADE PO BOX 100 ROSHOLT WI 54473 15835728 0 X HTTP://WWW.CWECOOP.COM/ X 1938 WI TO PROVIDE RELIABLE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS UNDER COOPERATIVE PRINCIPLES. 7 7 31 0 -71763 -71763 0 0 14736315 15308194 211527 38297 -19080 -71763 14928762 15274728 0 0 0 0 0 0 0 0 0 14981931 14820188 14981931 14820188 -53169 454540 55244094 55153150 37383010 36968584 17861084 18184566 THE MISSION OF CENTRAL WISCONSIN ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, AFFORDABLE ENERGY, AND OTEHR SERVICES OF MERIT IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER TO RESPOND TO THE GROWING NEEDS OF OUR COMMUNITIES AND THOSE WE SERVE. 0 0 PROVIDE ELECTRIC SERVICE TO MEMBERS OF COOPERATIVE BY PURCHASING THE WHOLESALE POWER; BUILDING, MAINTAINING, AND OPERATING A DISTRIBUTION SYSTEM; AND OPERATING CUSTOMER/MEMBER OPERATIONS. 0 0 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 7 0 1 31 1 1 1 0 0 0 0 15122429 715353 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LILA SHOWER 7156772211 10401 LYSTUL ROAD ROSHOLT WI 54473 ANTHONY BUSS JR CHAIRMAN 12.30 X X 12600 0 0 ELAINE ECKENDORF DIRECTOR 8.40 X 13400 0 0 TOM SMITH VICE CHAIRMAN 9.90 X X 12500 0 0 SUE ROMBALSKI SECRETARY/TREASURER 8.80 X X 13700 0 0 LEE LEHRER DIRECTOR 5.80 X 11500 0 0 LEONARD OPPER DIRECTOR 7.20 X 9700 0 0 RON ONESTI DIRECTOR 5.50 X 9900 0 0 MICHAEL L WADE PRESIDENT & CEO 50.00 X 144407 0 52251 LILA SHOWER VP OF ACCOUNTING AND FINAN 50.00 X 87807 0 37738 315514 0 89989 1 0 1 0 AJ CONSTRUCTION 3532 PLAYBIRD ROAD SHEBOYGAN WI 53083 CABLE TRENCHING 496120 ASPLUNDTH TREE EXPERT PO BOX 827464 PHILADEPHIA PA 19182 BRUSH & SPRAYING 428674 2 SALE OF POWER 221000 15122429 15122429 CAPITAL CREDITS 221000 173380 173380 ATC, LLC EARNINGS ALLOCATION 221000 12385 12385 15308194 184621 184621 47567 -47567 -47567 -47567 263023 409347 -146324 -146324 -146324 80917 104086 -23169 -23169 DBS K-1 INCOME 900099 -1027 -1027 -1027 15274728 15308194 -71763 38297 X 1646552 1828708 COST OF POWER 7055579 MAINTENANCE EXPENSE 1243989 ADMINISTRATIVE & GENERA 1184234 OPERATIONS EXPENSE 810766 1050360 14820188 411147 321538 2041833 2224170 896374 862319 417728 295427 809361 728942 58454845 14697298 43393727 43757547 542446 517418 6338726 6445103 392752 686 55244094 55153150 706651 761826 8230000 8065000 27535456 27174950 910903 966808 37383010 36968584 X 0 0 2250463 2229431 15610621 15955135 17861084 18184566 55244094 55153150 X 454540 -131058 X X 0 1 X 1 0 224098 224098 1093443 4940673 1006247 5027869 77011 52119620 13691051 38505580 43757547 INVESTMENTS IN NRUCFC NOTES 2639296 C INVESTMENT IN ATC, LLC 2247602 C OTHER ASSOCIATED ORGANIZATIONS 1558205 C 6445103 ACCRUED PAYROLL LIABILITIES 333521 ACCRUED INTEREST 248257 CUSTOMER DEPOSITS 78352 ACCRUED TAXES 207474 OTHER LIABILITIES 99204 966808 X 15347565 102602 102602 15244963 29765 29765 15274728 14790423 0 14790423 29765 29765 14820188 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. CWEC SERVICES, LLC IS A TAXABLE CORPORATION, AND HAD A LOSS OF $1,576. THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2016 AND 2015. THE COOPERATIVE AND ITS SUBSIDIARY EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015. WITH FEW EXCEPTIONS, THE COOPERATIVE AND ITS SUBSIDIARY ARE NO LONGER SUBJECT TO FEDERAL,STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: ATC K-1 INCOME ADJUSTMENT 102,602. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFIED EXPENSES 29,765. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFIED EXPENSES 29,765. X 0 0 0 MICHAEL L WADE PRESIDENT & CEO 144407 0 0 0 0 0 0 24556 0 27695 144407 52251 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION IS COMPARED TO WAGE STUDIES PERFORMED BY THE NRECA (NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION). WAGES ARE COMPARED TO THE STATE AVERAGE OF THE INDUSTRY. A PUBLIC FINANCE AUTHORITY 273866124 976831AT4 2010-12-15 8870341 OFFICE AND ELECTRIC 0 0 0 A 935000 8870341 175940 1467 8692934 2014 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A MEMBER COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE MEMBERSHIP VOTES ON THE BOARD OF DIRECTORS. THERE ARE SEVEN DIRECTORS AND THEY REPRESENT THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE 990 IS REVIEWED BY THE CEO AND THE VICE PRESIDENT OF FINANCE. THE VICE PRESIDENT OF FINANCE PRESENTS THE SIGNED 990 FORM TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE TO VERBALLY INFORM THE CEO AND/OR THE CHAIRPERSON OF THE BOARD IF HE OR SHE HAS A POTENTIAL CONFLICT OF INTEREST. ANY PERSON WITH A CONFLICT WOULD BE PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS IN THE TRANSACTIONS. THE POLICY IS REVIEWED BY THE ADMINISTRATOR. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION IS COMPARED TO WAGE STUDIES PERFORMED BY THE NRECA (NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION). WAGES ARE COMPARED TO THE STATE AVERAGE OF THE INDUSTRY. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS OTHER KEY EMPLOYEE'S COMPENSATION IS DETERMINED BY THE CEO THROUGH COMPARISONS TO THE STATE AVERAGE OF THE INDUSTRY. THE CEO REFERENCES A WAGE STUDY SPECIFIC TO THE ELECTRIC COOPERATIVES IN THE STATE OF WISCONSIN. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE COOPERATIVE MAKES ITS MINUTES, BYLAWS, AND GOVERNANCE INFORMATION AVAILABLE TO THE PUBLIC BY MAKING THIS INFORMATION AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY AND DISTRIBUTED AT AN ANNUAL MEETING FOR MEMBERS. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI ON PAGE 12 OF THE FORM 990 AND IN PARTS XI AND XIII ON SCHEDULE D. FORM 990, PART XI, LINE 9: NET CHANGE IN EQUITIES FOR RETIREMENTS -257,189. ATC K-1 INCOME ADJUSTMENT 102,602. CHANGE IN MEMBERSHIPS 185. OTHER EQUITY CHANGES 23,344. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS. CWEC SERVICES LLC 10401 LYSTUL ROAD ROSHOLT WI 54473 760760302 GASOLINE WI -1576 239902 CENTRAL WISCONSIN ELECTRIC COOPERATIVE