2011-02-18T11:13:32-08:00 2010-12-31 Nicholson & Company PLLC P O Drawer 15099 Hattiesburg MS 394045099 990 2010-01-01 640219645 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION PEAR 6017362666 POST OFFICE BOX 1217 COLUMBIA MS 39429 RANDY WALLACE 2011-02-18 Susan A Riley CPA 6012643519 2010 2016-02-24 21:20:13Z RANDY WALLACE POST OFFICE BOX 1216 COLUMBIA MS 39429 124188582 false false X N/A X 1938 MS THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. 9 0 149 0 0 120656059 123686313 192124 410364 17975 19727 120866158 124116404 0 0 9588747 9807563 0 0 104906465 107459668 114495212 117267231 6370946 6849173 179691137 190696040 114317764 120846275 65373373 69849765 THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. false false 123686313 PRVEPA PROVIDED ELECTRIC POWER TO 47,609 CONSUMERS DURING 2010. false false false false false false false false false false true false false true 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 false false false false false false false false false false false false true 20 0 true 149 true false false false false false false false false false false false 121658877 2446986 false false false false X 9 0 false false false false true true false true true false false false true true true true false true true true false false X RANDY WALLACE 6017362666 HIGHWAY 13 NORTH COLUMBIA MS 39429 WILLIAM PITTMAN 50.00 X 45519 0 2833 WA KENDRICK 3.00 X 22800 0 1015 SAM CAIN 50.00 X 178243 0 27324 RONALD LAFON 40.00 X 115553 0 19511 RANDY WALLACE 50.00 X X 225976 0 37438 MATTHEW WARE 40.00 X 100394 0 19491 LAWRENCE W WARREN 3.00 X 17800 0 780 LAVELL BOND 6.00 X 21550 0 2191 KELLY SPEIGHTS 3.00 X 20800 0 849 JJ SHELTON III 2.00 X 18550 0 791 HUGH GENE SMITH 6.00 X 22050 0 985 DANNY WILKS 9.00 X 21550 0 1231 CR STUCKEY 40.00 X 107069 0 14147 BYRUS HURT 5.00 X 20800 0 1390 BF HUDSON JR 5.00 X 21800 0 1244 AUSTIN BUCKLEY 40.00 X 115497 0 19542 1075951 150762 6 false true false SOUTHLAND TIMBER 3315 HWY 13N COLUMBIA MS 39429 RIGHT OF WAY MAINT 208578 MDR CONSTRUCTION 621 E BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONSTRUCTION 629259 M&M LINE CLEARANCE PO BOX 505 LAUREL MS 39441 RIGHT OF WAY MAINT 3003792 DUNGAN ENGINEERING PO BOX 150 COLUMBIA MS 39429 ENGINEERING 363965 ALLSTATE TOWER INC PO BOX 25 HENDERSON KY 42419 TOWER CONSTRUCTION 298774 5 0 PATRONAGE CREDITS 4411027 4411027 ELECTRIC SALES MEMBER 118231531 118231531 ELECTRIC PLANT LEASED 151000 151000 COMMON USE POLE RENTAL 892755 892755 123686313 369683 369683 0 0 0 112859 72178 40681 40681 40681 0 0 0 SURGE PROTECTOR SALES MISCELLANEOUS INCOME 2240 2240 METER SOCKET SALES 17487 17487 19727 124116404 124116404 0 0 0 0 705033 0 4966897 1485144 2181148 469341 0 67400 81585 0 0 0 0 0 436471 0 0 0 47191 0 0 6409356 0 5084605 0 TAXES - OTHER 575295 MAINTENANCE OF RIGHT-OF-WAY 2696986 MAINTENANCE OF OVERHEAD LINES 781336 COST OF PURCHASED POWER 88228044 CONSUMER RECORDS & COLLECTION 709721 2341678 117267231 0 0 0 3207990 2638936 0 0 11673361 12937640 0 0 0 3110883 2823021 313740 240859 194844988 52317446 135757227 142527542 0 0 0 0 25627936 29528042 179691137 190696040 12513556 17522549 98197347 99586629 3606861 3737097 114317764 120846275 X 352030 340080 608057 608057 64413286 68901628 65373373 69849765 179691137 190696040 X 6849173 -2372781 X false true true X true true 194844988 52317446 142527542 142527542 PATRONAGE CAPITAL 28788124 INTEREST & DIVIDEND INCOME REC 739918 29528042 UNEARNED LEASE INCOME 11417 UNAMORTIZED GAIN ON REACQUIRED DEBT 801785 OTHER LIABILITY-UNDERFUNDED POST RETIRE 482636 CURRENT PORTION-UNDERFUNDED POST RET 45260 CONSUMER DEPOSITS 2395999 3737097 124116404 117267231 6849173 -2372781 -2372781 4476392 124112897 124112897 3507 3507 124116404 117126789 117126789 140442 140442 117267231 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S AMORT OF GAIN OF L. T. DEBT $136935 COST OF SURGE PROTECTOR EQUIPMENT $2597 COST OF METER SOCKET LEASED $910 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S COST OF SURGE PROTECTOR EQUIPMENT $2597 COST OF METER SOCKET LEASED $910 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances GAIN ON REACQUISITION OF DEBT $136935 Distributions of capital credits $ -1752480 Defined benefit plan net loss $ -745286 Decrease in Membership Equity $ -11950 X X false false false SAM CAIN 178243 15991 11333 205567 190722 RANDY WALLACE 225976 25505 11933 263414 230728 Form 990-EZ, Part II, Line 26.5 Total Liabilities.5 CURRENT PORTION-UNDERFUNDED POST RET - Beginning $45260 CURRENT PORTION-UNDERFUNDED POST RET - Ending $45260 Form 990-EZ, Part II, Line 26.4 Total Liabilities.4 OTHER LIABILITY-UNDERFUNDED POST RETIRE - Beginning $482636 OTHER LIABILITY-UNDERFUNDED POST RETIRE - Ending $482636 Form 990-EZ, Part II, Line 26.3 Total Liabilities.3 UNAMORTIZED GAIN ON REACQUIRED DEBT - Beginning $938719 UNAMORTIZED GAIN ON REACQUIRED DEBT - Ending $801785 Form 990-EZ, Part II, Line 26.2 Total Liabilities.2 UNEARNED LEASE INCOME - Beginning $12417 UNEARNED LEASE INCOME - Ending $11417 Form 990-EZ, Part II, Line 26.1 Total Liabilities.1 CONSUMER DEPOSITS - Beginning $2127829 CONSUMER DEPOSITS - Ending $2395999 Form 990-EZ, Part II, Line 26.1007 Total Liabilities.1007 Secured Mortgages and Notes Payable - Beginning $98197347 Secured Mortgages and Notes Payable - Ending $99586629 Form 990-EZ, Part II, Line 26.1001 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $12513556 Accounts Payable and Accrued Expenses - Ending $17522549 Form 990-EZ, Part II, Line 24.3 Other Assets.3 PATRONAGE CAPITAL - Beginning $24990021 PATRONAGE CAPITAL - Ending $28788124 Form 990-EZ, Part II, Line 24.1 Other Assets.1 INTEREST & DIVIDEND INCOME REC - Beginning $637915 INTEREST & DIVIDEND INCOME REC - Ending $739918 Form 990-EZ, Part II, Line 24.1011 Other Assets.1011 Prepaid Expenses and Deferred Charges - Beginning $313740 Prepaid Expenses and Deferred Charges - Ending $240859 Form 990-EZ, Part II, Line 24.1010 Other Assets.1010 Inventories - Beginning $3110883 Inventories - Ending $2823021 Form 990-EZ, Part II, Line 24.1005 Other Assets.1005 Accounts Receivable - Beginning $11673361 Accounts Receivable - Ending $12937640 Form 990-EZ, Part II, Line 24.1004 Other Assets.1004 Miscellaneous - Beginning $XXX-XX-XXXX Miscellaneous - Ending $XXX-XX-XXXX Form 990-EZ, Part I, Line 20.3 Other Changes In Net Assets Or Fund Balances - Other Decreases.3 Decrease in Membership Equity $11950 Form 990-EZ, Part I, Line 20.2 Other Changes In Net Assets Or Fund Balances - Other Decreases.2 Defined benefit plan net loss $745286 Form 990-EZ, Part I, Line 20.1 Other Changes In Net Assets Or Fund Balances - Other Decreases.1 Distributions of capital credits $1752480 Form 990-EZ, Part I, Line 20.1 Other Changes In Net Assets Or Fund Balances - Other Increases.1 GAIN ON REACQUISITION OF DEBT $136935 Form 990-EZ, Part I, Line 16.40 Other Expenses.40 LESS SALARIES TO LINE 5 $-449738 Form 990-EZ, Part I, Line 16.39 Other Expenses.39 CUSTOMER ASSIST-MKTG INCENTIVE $-6252 Form 990-EZ, Part I, Line 16.36 Other Expenses.36 RENT $120 Form 990-EZ, Part I, Line 16.35 Other Expenses.35 COST OF METER SOCKETS LEASED $910 Form 990-EZ, Part I, Line 16.34 Other Expenses.34 CONSUMER ASSISTANCE EXPENSE $1225 Form 990-EZ, Part I, Line 16.33 Other Expenses.33 MAINTENANCE OF LIGHTS-STORMS $1678 Form 990-EZ, Part I, Line 16.32 Other Expenses.32 COST OF SURGE PROTECTOR EQUIP $2597 Form 990-EZ, Part I, Line 16.31 Other Expenses.31 ADMINISTRATIVE & GENERAL EXPE $3529 Form 990-EZ, Part I, Line 16.30 Other Expenses.30 EXP-ELE PLANT LEASED TO COLONI $5755 Form 990-EZ, Part I, Line 16.29 Other Expenses.29 CONSUMER EXPENSE-INSTALLATION $8632 Form 990-EZ, Part I, Line 16.28 Other Expenses.28 STATION EXPENSES $11650 Form 990-EZ, Part I, Line 16.27 Other Expenses.27 MISC GEN EXP - ANNUAL MEETING $24143 Form 990-EZ, Part I, Line 16.26 Other Expenses.26 SUPERVISION $35030 Form 990-EZ, Part I, Line 16.25 Other Expenses.25 UNDERGROUND LOCATE SERVICES $39185 Form 990-EZ, Part I, Line 16.24 Other Expenses.24 MAINTENANCE SUPERVISION & ENG $44950 Form 990-EZ, Part I, Line 16.23 Other Expenses.23 MISC GENERAL EXPENSE-DONATIONS $48263 Form 990-EZ, Part I, Line 16.22 Other Expenses.22 MISC GENERAL EX-BOARD OF DIREC $53530 Form 990-EZ, Part I, Line 16.21 Other Expenses.21 METER EXPENSES $65713 Form 990-EZ, Part I, Line 16.20 Other Expenses.20 MAINTENANCE OF LINE TRANSFORME $73445 Form 990-EZ, Part I, Line 16.19 Other Expenses.19 OPERATION-SUPERVISION & ENG $79106 Form 990-EZ, Part I, Line 16.18 Other Expenses.18 MAINTENANCE OF STREET LIGHTS $84217 Form 990-EZ, Part I, Line 16.17 Other Expenses.17 METER READING EXPENSE $88503 Form 990-EZ, Part I, Line 16.16 Other Expenses.16 MAINTENANCE OF UNDERGROUND LIN $96455 Form 990-EZ, Part I, Line 16.15 Other Expenses.15 OVERHEAD LINE EXPENSES $114004 Form 990-EZ, Part I, Line 16.14 Other Expenses.14 UNCOLLECTABLE ACCOUNTS $121447 Form 990-EZ, Part I, Line 16.13 Other Expenses.13 INFORMATIONAL & INSTRUCT AD EX $134307 Form 990-EZ, Part I, Line 16.12 Other Expenses.12 MAINTENANCE OF GENERAL PLANT $141786 Form 990-EZ, Part I, Line 16.11 Other Expenses.11 TAXES - PROPERTY $156826 Form 990-EZ, Part I, Line 16.10 Other Expenses.10 MAINTENANCE OF STATION EQUIP $176353 Form 990-EZ, Part I, Line 16.9 Other Expenses.9 OUTSIDE SERVICES EMPLOYED $194673 Form 990-EZ, Part I, Line 16.8 Other Expenses.8 INJURIES & DAMAGES $240450 Form 990-EZ, Part I, Line 16.7 Other Expenses.7 PROPERTY INSURANCE $360892 Form 990-EZ, Part I, Line 16.6 Other Expenses.6 MISCELL. GENERAL EXPENSES $388294 Form 990-EZ, Part I, Line 16.5 Other Expenses.5 TAXES - OTHER $575295 Form 990-EZ, Part I, Line 16.4 Other Expenses.4 CONSUMER RECORDS & COLLECTION $709721 Form 990-EZ, Part I, Line 16.3 Other Expenses.3 MAINTENANCE OF OVERHEAD LINES $781336 Form 990-EZ, Part I, Line 16.2 Other Expenses.2 MAINTENANCE OF RIGHT-OF-WAY $2696986 Form 990-EZ, Part I, Line 16.1 Other Expenses.1 COST OF PURCHASED POWER $88228044 Form 990-EZ, Part I, Line 16.1009 Other Expenses.1009 Depreciation $5084605 Form 990-EZ, Part I, Line 16.1008 Other Expenses.1008 Interest $6409356 Form 990-EZ, Part I, Line 16.1005 Other Expenses.1005 Travel $47191 Form 990-EZ, Part I, Line 16.1002 Other Expenses.1002 Office Expenses $436471 Form 990-EZ, Part I, Line 8.2 Other Revenue.2 MISCELLANEOUS INCOME $2240 Form 990-EZ, Part I, Line 8.1 Other Revenue.1 METER SOCKET SALES $17487 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, conflict of interest policy, and financial statements are made available to the public on request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process 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.