2013-07-15T16:14:08-05:00 2012-12-31 920088037 MIKUNDA COTTRELL & CO CPA'S 3601 C STREET SUITE 600 ANCHORAGE AK 99503 990 2012-01-01 920035763 ALASKA VILLAGE ELECTRIC COOPERATIVE INC ALAS 9075611818 4831 EAGLE STREET ANCHORAGE AK 99503 MEERA KOHLER 9075611818 2013-05-23 1 KEY E GETTY CPA P00121200 9072788878 2013-05-23 2012 2016-02-24 21:20:13Z MEERA KOHLER 4831 EAGLE STREET ANCHORAGE AK 99503 49584457 0 X WWW.AVEC.ORG X 1967 AK TO PROVIDE ELECTRIC POWER TO 53 REMOTE ALASKAN VILLAGES. 7 7 92 0 0 0 20900800 5322418 37578128 42821736 216660 966948 1101746 458505 59797334 49569607 10000 17900 0 0 6670959 7681452 0 0 0 31177756 35563897 37858715 43263249 21938619 6306358 109476211 114925437 69926939 74276027 39549272 40649410 TO PROVIDE ELECTRIC POWER TO 54 REMOTE ALASKAN VILLAGES. 0 0 GENERATED 78.8M KWH FOR USE BY 7923 CONSUMERS IN 54 VILLAGES. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 74 0 1 92 1 0 0 0 0 0 0 0 0 0 42821736 992219 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBBIE BULLOCK 9075611818 4831 EAGLE STREET ANCHORAGE AK 99503 CHARLIE CURTIS 4.00 X X 5000 0 0 WALTER SAMPSON 2.00 X X 3750 0 0 PHYLLIS CLOUGH 2.00 X X 4600 0 0 HELENA R JONES 2.00 X X 5000 0 0 FRED SAGOONICK 2.00 X 4500 0 0 PETER DEMOSKI 2.00 X 4050 0 0 ROBERT BEANS 2.00 X 3250 0 0 MEERA KOHLER 45.00 X 203770 0 188212 DEBBIE BULLOCK 45.00 X 116209 0 99888 MARK TEITZEL 45.00 X 95552 0 47297 DANIEL ALLIS 60.00 X 141689 0 65039 MARK BRYAN 45.00 X 130842 0 155743 BRENT PETRIE 60.00 X 117204 0 106081 WILLIAM STAMM 40.00 X 109664 0 100685 ROBERT DREEZSEN 45.00 X 109632 0 152979 1054712 0 915924 12 0 1 0 STG INC 11820 S GAMBELL ST ANCHORAGE AK 99515 CAPITAL PROJECTS GOODS & SERVICES 2927392 CUMMINS NORTHWEST LLCG INC 4711 N BASIN AVE PORTLAND OR 97217 REPAIR PROJECTS, GOODS & SERVICES 614108 HATTENBURG DILLEY & LINNELL LLC 3335 ARCTIC BLVD STE 100 ANCHORAGE AK 99503 ENGINEERING SERVICESENGINEERING SERV 370465 RURAL ALASKA FUEL SERVICES 6000 C ST STE 201 ANCHORAGE AK 99518 FUEL SERVICES 331775 ALASKA NATIVE TRIBAL HEALTH CONSORTIUM 4000 AMBASSADOR DR ANCHORAGE AK 99508 CAPITAL PROJECTS GOODS & SERVICES 288534 12 5322418 5322418 FUEL REVENUE 221000 23519697 23519697 ELECTRIC REVENUE 221000 19302039 19302039 42821736 981796 981796 2 14850 -14848 -14848 -14848 OTHER CAPITAL CREDIT & PATRONAGE 900099 433234 433234 OTHER 900099 25271 25271 458505 49569607 43254970 0 992219 17900 624423 3729809 1506266 1494993 325961 72151 55625 30000 4054 23862 903110 157470 719053 949501 54518 1161750 2933212 581246 DIESEL FUEL 22878547 MATERIALS 2290546 VILLAGE OPERATORS 2243348 INTEREST EXPENSE - VITU 505904 43263249 3672955 6678001 739805 10170309 8684368 15113982 15663954 18916433 19391543 22939 21299 116767577 73534349 33685113 43233228 2617839 2893839 1097874 1148767 2078398 2343597 22100369 14127036 109476211 114925437 1674018 1825275 832928 945944 52205693 56222420 15214300 15282388 69926939 74276027 X 0 0 17691132 12484912 21858140 28164498 39549272 40649410 109476211 114925437 X 6306358 117920 -5324140 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 476917 476917 116290660 73534349 42756311 43233228 CONSTRUCTIONS WORK IN PROGRESS 14127036 14127036 LINE OF CREDIT 14940888 POST-RETIREMENT BENEFITS OTHER THAN PENSION 341500 15282388 X 44365109 117920 117920 44247189 5322418 5322418 49569607 43263249 0 43263249 0 43263249 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION APPLIES THE PROVISIONS OF TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION ANNUALLY REVIEWS ITS RETURN AND POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS. THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS THAT WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT REVENUE USED TO OFFSET CAPITAL ASSET ACQUISITION COST 5,322,418. 1 STUDENT SCHOLARSHIPS 21 17900 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS ARE CHOSEN BY SCHOLARSHIP COMMITTEE. THE CHECK FOR THE SCHOLARSHIP IS MAILED TO SCHOOL THEY ATTEND. WHEN STUDENT ENROLLS IT IS RELEASED TO THE STUDENT FOR TUITION, BOOKS, AND/OR ROOM & BOARD. IF THEY DO NOT ATTEND, THE AMOUNT IS RETURNED TO AVEC. X 0 0 0 MEERA KOHLER 203770 0 0 0 0 0 165631 0 22581 0 391982 0 0 0 DEBBIE BULLOCK 116209 0 0 0 0 0 89580 0 10308 0 216097 0 0 0 DANIEL ALLIS 141689 0 0 0 0 0 42458 0 22581 0 206728 0 0 0 MARK BRYAN 130842 0 0 0 0 0 123680 0 32063 0 286585 0 0 0 BRENT PETRIE 117204 0 0 0 0 0 95773 0 10308 0 223285 0 0 0 WILLIAM STAMM 109664 0 0 0 0 0 68622 0 32063 0 210349 0 0 0 ROBERT DREEZSEN 109632 0 0 0 0 0 142703 0 10276 0 262611 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS ORGANIZED FOR THE PURPOSE OF GENERATING AND DISTRIBUTING ELECTRIC ENERGY TO ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT MEMBERS TO THE BOARD OF DIRECTORS, THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENTS TO THE BYLAWS BY BOARD OF DIRECTORS ARE SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 DISTRIBUTED TO THE AUDIT & BUDGET COMMITTEE CONSISTING OF 3 BOARD MEMBERS AND 2 STAFF FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEETINGS BEGIN WITH EACH BOARD MEMBER FILLING OUT A 'CONFLICT OF INTEREST QUESTIONNAIRE' AND VERBALLY DECLARING IF THEY HAVE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 WAGE RANGES ARE ADJUSTED & REVIEWED FOR CHANGES WITH DATA FROM INDUSTRY & THE STATE OF ALASKA WITH APPROVAL FROM THE BOARD FOR ALL JOB CLASSIFICATIONS. ANY CHANGES TO WAGES ARE DONE ANNUALLY IN CONJUNCTION WITH THE EMPLOYEE'S REVIEW CONDUCTED BY THEIR SUPERVISOR & APPROVED BY THE CEO. THE CEO'S PERFORMANCE & COMPENSATION ARE REVIEWED ANNUALLY WITH A WRITTEN YEARLY CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AND THE YEARLY FINANCIAL STATEMENT IS PRINTED AND DISPERSED TO ALL MEMBERS FOLLOWING THE ANNUAL MEETING. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIRED -1,722. GRANT REVENUE USED TO OFFSET CAPITAL ASSET ACQUISITION COST -5,322,418. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN REGARDS TO THE AUDIT COMMITTE, OR ITS PROCESS, FOR THE PRIOR YEAR. AVEC RETRIEE BENEFIT PLAN TRUST 4831 EAGLE STREET ANCHORAGE AK 99503 RETRIREMENT BENEFITS AK RETIREE BENEFIT PLAN ALASKA VILLAGE ELECTRIC COOP 0 MICROGEN TECHNOLOGIES INC 4831 EAGLE ST ANCHORAGE AK 99503 911758183 ELECTRICAL POWER & ENERGY AK ALASKA VILLAGE ELECTRIC C 254596 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0