2016-02-20T13:25:14-06:00 2015-12-31 205857627 TOPP MCWHORTER HARVEY PLLC P O DRAWER 15099 HATTIESBURG MS 394045099 990 2015-01-01 640219645 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION PEAR 6017362666 POST OFFICE BOX 1217 COLUMBIA MS 394291217 RANDY WALLACE GENERAL MANAGER 6017362666 2016-02-20 1 SUSAN A RILEY CPA P00144776 6012643519 2016-02-17 2015 2016-08-17 19:52:53Z RANDY WALLACE POST OFFICE BOX 1217 COLUMBIA MS 394291217 130531922 0 X WWW.PRVEPA.COM X 1938 MS THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CUSTOMERS. 10 0 140 0 0 0 0 0 127008574 130373118 418530 135114 22286 23690 127449390 130531922 0 0 5984681 9218541 10453746 11807489 0 0 0 111538483 109274603 127976910 130300633 -527520 231289 218073076 225252636 138032912 139712584 80040164 85540052 THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. 0 0 130300633 130531922 PRVEPA PROVIDED ELECTRIC POWER TO 48,382 CONSUMERS DURING 2015. 130300633 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 140 1 0 0 0 0 0 0 0 127786181 2369043 0 X 10 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X RANDY WALLACE 6017362666 HIGHWAY 13 NORTH COLUMBIA MS 39429 JJ SHELTON III DIRECTOR 4.00 X 24050 0 0 BYRUS HURT DIRECTOR 4.00 X 23750 0 0 WA KENDRICK DIRECTOR 6.00 X 24050 0 0 LAVELL BOND DIRECTOR 5.00 X 24350 0 0 BF HUDSON JR PRESIDENT 8.00 X 25850 0 0 HUGH GENE SMITH VICE PRESIDENT 8.00 X 24950 0 0 KELLY SPEIGHTS DIRECTOR 7.00 X 23750 0 0 LAWRENCE W WARREN DIRECTOR 4.00 X 20800 0 0 DANNY WILKS SECRETARY/TREASURER 13.00 X 23750 0 0 LESLIE PETERS DIRECTOR 7.00 X 24450 0 0 RANDY WALLACE GENERAL MANAGER 50.00 X 282447 0 39074 WILLIAM PITTMAN FINANCIAL MGR 50.00 X 138087 0 23560 SAM CAIN OPERATIONS MANAGER 50.00 X 207846 0 28349 MATTHEW WARE DISTRICT MANAGER 40.00 X 119622 0 23449 ANTHONY HARRIS DISTRICT MANAGER 40.00 X 116748 0 23365 KEITH ARMSTRONG MATERIALS MANAGER 40.00 X 111824 0 23155 FREDA DYESS ADMINISTRATIVE SERVICES MA 40.00 X 107558 0 13610 GEORGE CUTRER DISTRICT MANAGER 40.00 X 109885 0 22858 1433767 0 197420 8 0 1 0 LOOKS GREAT SERVICES 1501 HIGHWAY 13 NORTH COLUMBIA MS 39429 RIGHT OF WAY MAINT 4564982 MAC'S CONSTRUCTION CO 6555 HIGHWAY 98 WEST HATTIESBURG MS 39404 CONSTRUCTION 3364521 MDR CONSTRUCTION 621 E BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONSTRUCTION 639025 DUNGAN ENGINEERING 1574 HWY 98 EAST COLUMBIA MS 39429 CIVIL ENGINEERING 409265 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 RIGHT OF WAY SPRAYING 176448 5 ELECTRIC SALES MEMBER 221000 125387928 125387928 PATRONAGE CREDITS 221000 4006805 4006805 COMMON USE POLE RENTAL 221000 967885 967885 ELECTRIC PLANT LEASED 221000 10500 10500 130373118 71697 71697 63417 0 63417 63417 63417 METER SOCKET SALES 221000 19184 19184 MISCELLANEOUS INCOME 221000 4506 4506 23690 130531922 130531922 0 0 9218541 959113 5661827 2482096 2189350 515103 65901 134377 587910 123974 5090531 6313793 COST OF PURCHASED POWER 88937420 MAINTENANCE OF RIGHT-OF 4265985 CONSUMER RECORDS & COLL 832953 MAINTENANCE OF OVERHEAD 810210 2111549 130300633 2520048 996181 12455661 12886257 2535072 2498532 312754 262197 235637107 75632382 154810145 160004725 45439396 48604744 218073076 225252636 11145802 9901376 105960012 106330175 20927098 23481033 138032912 139712584 X 324630 321570 608057 608057 79107477 84610425 80040164 85540052 218073076 225252636 X 231289 5268598 X X 0 1 X 1 1 1 235637107 75632382 160004725 160004725 INTEREST & DIVIDEND INCOME REC 826350 PATRONAGE CAPITAL 47778394 48604744 CONSUMER DEPOSITS 3793728 OTHER LIABILITY-POST RETIREMENT BENEFIT-PENSION 19180940 UNAMORTIZED GAIN ON REACQUIRED DEBT 117111 OTHER LIABILITY-UNDERFUNDED POST RETIRE 338575 CURRENT PORTION-UNDERFUNDED POST RET 44262 UNEARNED LEASE ICOME-CHARTER 6417 23481033 130520138 0 130520138 11784 11784 130531922 120933373 0 120933373 9367260 9367260 130300633 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF METER SOCKET LEASED 8,870. COST OF SURGE PROTECTOR EQUIPMENT 2,914. GAIN FROM SALE OF ASSETS INCLUDED ON FINANCIAL STATEMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORT OF GAIN OF L. T. DEBT 136,935. PATRONAGE CAPITAL DSTRIB TO MEMBERS 9,218,541. COST OF METER SOCKET LEASED 8,870. COST OF SURGE PROTECTOR EQUIPMENT 2,914. SCHEDULE D, PART XI,LINE 4B COST OF METER SOCKETS LEASED AND SURGE PROTECTOR EQUIPMENT ARE INCLUDED ON THE TAX RETURN BUT NOT INCLUDED IN THE FINANCIAL STATEMENTS FOR GAAP PURPOSES. SCHEDULE D, PART XII,LINE 4B AMORTIZATION OF A GAIN ON LONG TERM DEBT, COST OF METER SOCKETS LEASED, SURGE PROTECTOR EQUIPMENT AND PATRONAGE CAPITAL DISTRIBUTIONS TO MEMBERS ARE EXPENSES INCLUDED ON THE TAX RETURN BUT NOT INCLUDED IN THE FINANCIAL STATEMENTS FOR GAAP PURPOSES. X X 0 0 0 RANDY WALLACE GENERAL MANAGER 282447 0 0 0 0 0 28740 0 10334 0 321521 0 0 0 WILLIAM PITTMAN FINANCIAL MGR 138087 0 0 0 0 0 10319 0 13242 0 161648 0 0 0 SAM CAIN OPERATIONS MANAGER 207846 0 0 0 0 0 18015 0 10334 0 236195 0 0 0 SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION (SMEPA) RANDY WALLACE, OFFICER, IS A BOARD MEMBER FOR SMEPA. 88937420 EXPENSE 0 FIRST SOUTHERN BANK RANDY WALLACE, OFFICER, IS A BOARD MEMBER FOR FIRST SOUTHERN. CASH ACCOUNT 0 SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION (SMEPA) RANDY WALLACE, OFFICER, IS A BOARD MEMBER FOR SMEPA. 6657981 CURRENT LIABILITY 0 FORM 990, PART VI, SECTION A, LINE 6 ANY NATURAL PERSON, FIRM ASSOCIATION, CORPORATION, BUSINESS TRUST, PARTNERSHIP OR BODY POLITIC SHALL BE ELIGIBLE TO BECOME A MEMBER OF, AND, AT ONE OR MORE PREMISES OWNED OR DIRECTLY OCCUPIED OR USED BY HIM, TO RECEIVE ELECTRIC SERVICE FROM PEARL RIVER VALLEY ELECTRIC POWER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO IS NOT IN A STATUS OF SUSPENSION, AS PROVIDED FOR IN SECTION 2.01 OF THE ASSOCIATION'S BYLAWS, SHALL BE ENTITLED TO ONLY ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT ANY MEETING OF THE MEMBERS. AT EACH ANNUAL MEETING OF THE MEMBERS, DIRECTORS SHALL BE ELECTED BY SECRET BALLOT BY THE MEMBERS WHO ARE NATURAL PERSONS. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - THE MANAGER OF ACCOUNTING AND FINANCIAL SERVICES PROVIDES THE INDEPENDENT AUDITORS WITH INFORMATION USED IN PREPARING THE FORM 990. THE COMPLETED FORM IS THEN REVIEWED BY THE MANAGER OF ACCOUNTING AND FINANCIAL SERVICES AND BY THE GENERAL MANAGER. THE GENERAL MANAGER THEN PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT ANNUALLY TO ALL EMPLOYEES REQUESTING INFORMATION REGARDING POSSIBLE CONFLICTS OF INTEREST. THESE QUESTIONNAIRES ARE REVIEWED BY THE GENERAL MANAGER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE GENERAL MANAGER IS DETERMINED BY USING COMPARABILITY DATA AND IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED USING COMPARABILITY DATA, IS INITITALLY APPROVED AND RECOMMENDED BY THE GENERAL MANAGER, AND IS THEN GIVEN FINAL APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON REACQUISTION OF DEBT 136,935. DIFFERENCE BETWEEN PATRONAGE CAPITAL AND ALLOCATION 6,688,256. DEFINED BENEFIT PLAN NET GAIN (LOSS) -1,490,942. CHANGE IN MEMBERSHIPS -3,060. INTEREST RATE SWAP NET GAIN/(LOSS) -62,591. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ACTS AS THE AUDIT COMMITTEE AND ASSUMES RESPONSIBILITY FOR THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.