2012-04-24T05:27:53-07:00 2011-12-31 McNair McLemore Middlebrooks Post Office Box One Macon GA 312020001 990 2011-01-01 580246393 SAWNEE ELECTRIC MEMBERSHIP CORPORATION SAWN 7708872363 PO BOX 266 CUMMING GA 30028 MICHAEL A GOODROE 2012-04-24 true J RANDOLPH NICHOLS 4787466277 2011 2016-02-24 21:20:13Z 324758250 false false X www.sawnee.com X 1938 GA TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS. 9 8 329 40198 0 324252251 321688812 3962975 3029240 34890 40198 328250116 324758250 0 20644133 3207139 1467214 0 0 307896501 302646903 311103640 324758250 17146476 0 479185246 492438317 297874229 303061896 181311017 189376421 TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS. false false 324758250 321688812 TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS. 324758250 false false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false true false false false false false false false false false false false true 63 0 true 329 true true true false false false false false false false false false 305246046 4031011 false false false false X 9 8 false false false false true true true true true false false false true true true true true true true true false false GA X SAWNEE ELECTRIC MEM CORP 7708872363 PO BOX 266 CUMMING GA 30028 VIRGINIA J ELLIS 50.00 X 128290 0 69930 TERRY MATHIS 4.70 X X 34363 0 0 RODNEY H REESE 3.53 X X 36262 0 0 PRESTON MARTIN 1.65 X 27312 0 0 PHILIP G BRAMBLETT 50.00 X 133759 0 19281 MICHAEL A GOODROE 50.00 X 367949 0 29180 MARSHALL S MILLWOOD 3.84 X X 35250 0 0 LARRY EVANS 2.58 X 28454 0 0 LAMAR SEXTON 3.92 X 31138 0 0 GARY PORTER 4.06 X 30543 0 0 GARY MAULDIN 50.00 X 223382 0 102267 FRANK COKER 4.04 30438 0 0 DONNA O YOST 3.84 X 39887 0 0 CHET BLACKSTOCK 50.00 X 125840 0 69742 BILLY RICE 50.00 X 132142 0 25725 1405009 316125 10 false true false ROSS MAINTENANCE AND SERVICE LLC PO BOX 189 NEWTON GROVE NC 28366 CONTRACTOR 764156 MICROSOFT LICENSING 6100 NEIL RD RENO NV 89511 Software Licenses 144975 CONSTANGY BROOKS AND SMITH LLC 230 PEACHTREE ST NW ATLANTA GA 30303 ATTORNEY 103147 3 0 POLE RENTAL REVENUE 221000 2019886 2019886 ELECTRICITY SALES 221000 319668926 319668926 321688812 3029240 3029240 0 0 0 0 0 0 0 Natural Gas Finders Fees 541800 40198 40198 40198 324758250 321688812 40198 3029240 0 0 0 20644133 20644133 690776 690776 0 0 0 776438 776438 0 0 236136 236136 0 0 0 0 0 0 713936 713936 0 0 0 0 0 0 12179622 12179622 0 14497803 14497803 0 Purchased Power 225357184 225357184 Distribution Operations 11842231 11842231 Distribution Maintenance 12593398 12593398 Consumer Accounts 8846316 8846316 Admin & General Exp 7805874 7805874 8574403 8574403 324758250 324758250 0 0 7737384 35318343 5048504 0 0 16509835 14405491 0 0 0 1538755 1708719 0 475046064 95318995 372514186 379727069 19891243 28179620 0 30366994 32454851 0 25578345 644224 479185246 492438317 31827252 29839642 223222278 220065807 42824699 53156447 297874229 303061896 X 252580 242405 181058437 189134016 181311017 189376421 479185246 492438317 X 0 8065404 X false true true X false false 3897017 3897017 471149047 95318995 375830052 379727069 32454851 Regulatory Liabilities 28179620 Deferred Credits 98602 Consumer Deposits 6858486 Accum Prov for Pension & Benefits 18019739 53156447 324758250 324758250 8065404 8065404 8065404 316469873 316469873 8288377 8288377 324758250 304114117 304114117 20644133 20644133 324758250 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage Capital Credits $20644133 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Revenue Deferred Under ASC 980 $8288377 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances RETIRED CAPITAL CREDIT GAINS $119523 DONATED CAPITAL $74093 PATRONAGE CAPITAL CREDITS $12355756 RETIREMENTS OF CAPITAL CREDITS $ -4473803 MEMBERSHIP FEES $ -10165 X X X false false false VIRGINIA J ELLIS 123362 4928 44398 25532 198220 PHILIP G BRAMBLETT 119468 14291 19281 153040 MICHAEL A GOODROE 306752 61197 29180 397129 GARY MAULDIN 207478 15904 74638 27629 325649 CHET BLACKSTOCK 120148 5692 25705 44037 195582 BILLY RICE 126363 5779 25725 157867 Tri-Scapes T.Mathis-Family 111071 Landscaping Services false Bagwell & Mathis Tire T.Mathis-Family 132312 Tire Services false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICIES AS PROVIDED FOR IN ITS POLICIES WHICH ARE INCLUDED AS A PART OF THIS RETURN. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process FORM 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. Form 990, Part VI, Line 7b Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. Client Note 2 - Schedule D, Part XII, Line 4b (Disclosure for Schedule D, Part XIV)In 2011, the Corporation deferred revenue of $8,288,377 to be applied to future power cost increases. The $8,288,377 revenue deferral was approved by the Rural Utilities Service and adheres to U.S. GAAP under ASC 980. Form 990 does not recognize ASC 980. As a result, the $8,288,377 revenue deferral has been reported as current year revenue on Form 990, Part VIII.Schedule D, Part XIII, Line 4b (Disclosure for Schedule D, Part XIV)Form 990 requires 501(c)12 organizations to report patronage capital credits as an expense. U.S. GAAP does not recognize this amount as an expense. The result was $20,644,133 more expense on Form 990, Part IX than reported in the audited financial statements. Client Note 1 - SAWNEE ELECTRIC MEMBERSHIP CORPORATION (SAWNEE) IS A MEMBER OF A NUMBER OF ORGANIZATIONS WHERE A SAWNEE OFFICER OR DIRECTOR MAY SERVE AS SAWNEE'S REPRESENTATIVE ON THE BOARD OF DIRECTORS. THESE INDIVIDUALS SERVE AT THE PLEASURE OF SAWNEE AND CAN SERVE ONLY AS LONG AS THEY REPRESENT SAWNEE. THE FOLLOWING INDIVIDUALS SERVED IN SUCH POSITIONS:MICHAEL A. GOODROE - DIRECTOR OF GEORGIA TRANSMISSION CORPORATION (GTC)MARSHALL S. MILLWOOD - DIRECTOR OF OGLETHORPE POWER CORPORATION (OPC)RODNEY H. REESE - DIRECTOR OF GEORGIA ELECTRIC MEMBERSHIP CORPORATION (GEMC) GTC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO: - TRANSMIT ELECTRICITY FROM POWER SUPPLIERS TO POWER DISTRIBUTORS, THE ELECTRIC MEMBERSHIP COOPERATIVES (EMCs); THE EMCs DISTRIBUTE POWER TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS - PERFORMS JOINT PLANNING WITH THE STATE'S OTHER MAJOR UTILITIES AND THE EMCs TO MEET THE NEED FOR RELIABLE ELECTRIC SERVICE - CONSTRUCTS AND MAINTAINS FACILITIES NECESSARY TO PROVIDE RELIABLE TRANSMISSION SERVICES - PROVIDES OPEN ACCESS TO TRANSMISSION FACILITIES BASED ON AVAILABLE CAPACITY - BULDS NEW TRANSMISSION FACILITIES TO KEEP PACE WITH GROWTH WHILE BEING A GOOD STEWARD OF GEORGIA'S ENVIRONMENTAL, CULTURAL AND COMMUNITY RESOURCES - PROVIDES ASSOCIATED UTILITY SERVICES SAWNEE PAID $21,355,997 FOR THE ABOVE SERVICES PROVIDED BY GTC DURING 2011. OPC IS A NOT-FOR-PROFIT GEORGIA ELECTRIC MEMBERSHIP CORPORATION OWNED BY 38 RETAIL ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. OPC PROVIDES WHOLESALE ELECTRIC SERVICE TO ITS MEMBERS FOR A SUBSTANTIAL PORTION OF THEIR POWER REQUIREMENTS FROM A COMBINATION OF ITS GENERATION ASSETS AND POWER PURCHASED FROM POWER MARKETERS AND OTHER SUPPLIERS. SAWNEE PAID $141,528,125 FOR THE ABOVE SERVICES PROVIDED BY OPC DURING 2011. GEMC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO: - FOSTER, DEVELOP AND ENCOURAGE THE PROGRAM OF RURAL ELECTRIFICATION IN THE STATE OF GEORGIA - FURTHER THE GENERAL WELFARE AND TO PROMOTE THE INTEREST OF THE MEMBERS OF GEMC; TO FURTHER THE SAFETY, STABILITY, SECURITY AND PROSPERITY OF ELECTRIC COOPERATIVES; TO AID IN SOLVING THE PROBLEMS COMMON TO ELECTRIC COOPERATIVES - DISSEMINATE INFORMATION RELATING TO THE RURAL ELECTRIFICATION PROGRAM; TO COOPERATE WITH FEDERAL, STATE AND MUNICIPAL AGENCIES IN THE PROMOTION OF RURAL ELECTRIFICATION AND NATIONAL, STATE, COMMUNITY AND RURAL DEVELOPMENT; TO PROVIDE SERVICES AND INFORMATIONAL PROGRAMS THAT WILL STIMULATE LOCAL GROWTH, STABILITY AND SECURITY AND STRENGTHEN THE ELECTRIC COOPERATIVE PROGRAM IN GEORGIA - OTHERWISE ASSIST THE MEMBERS OF GEMC TO PROVIDE ELECTRIC ENERGY TO INHABITANTS OF MEMBER SERVICE AREAS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY SAWNEE PAID $383,670 FOR THE ABOVE SERVICES PROVIDED BY GEMC DURING 2011.