2011-08-31T08:51:03-05:00 2010-12-31 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2010-01-01 410254835 TRI-COUNTY ELECTRIC COOPERATIVE TRIC 5078647783 31110 COOPERATIVE WAY PO BOX 626 RUSHFORD MN 55971 BRIAN KRAMBEER 5078647783 2011-08-22 1 LAURIE HANSON 6053391999 2011-08-22 2010 2016-02-24 21:20:13Z X BRIAN KRAMBEER 31110 COOPERATIVE WAY PO BOX 626 RUSHFORD MN 55971 36580559 0 X WWW.TEC.COOP X 1936 MN TO DELIVER HIGH-QUALITY ENERGY SERVICES AT REASONABLE PRICES AND MAXIMIZE VALUE TO OUR MEMBERS. 7 7 56 0 259107 169066 574502 0 34436041 35973661 100171 97208 285186 192952 35395900 36263821 0 0 0 0 4399291 4557721 0 0 0 28908410 30349148 33307701 34906869 2088199 1356952 83921651 83882337 50926515 50564051 32995136 33318286 TO DELIVER HIGH-QUALITY ENERGY SERVICES AT REASONABLE PRICES AND MAXIMIZE VALUE TO OUR MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 10,851 MEMBERS AND MAINTAINED 3,321 MILES OF LINES. 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 34 0 56 1 1 1 0 0 0 0 35078909 605226 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 1 1 X BRIAN KRAMBEER 5078647783 31110 COOPERATIVE WAY RUSHFORD MN 55971 JENNIFER SCHARMER 15.50 X X 18240 0 0 RONALD STEVENS 7.90 X X 16413 0 0 T ALLEN AARSVOLD 5.10 X X 13400 0 0 JEFFREY REDALEN 8.80 X 13525 0 0 ARNOLD IDEKER 7.80 X 14625 0 0 PATTY VANGUNDY 8.90 X 13693 0 0 ROGER HEGLAND 6.20 X 15963 0 0 BRIAN KRAMBEER 60.00 X 191826 0 125332 297685 0 125332 1 0 1 0 ELITE TREE INC 1402 WASHINGTON STREET PELLA IA 50219 LINE CLEARANCE 551904 PUSH INC PO BOX 72 RICE LAKE WI 54868 URD LINE CONSTRUCTION 261645 LEGACY POWER LINE INC 41637 WATERVIEW ROAD SAUK CENTER MN 56378 LINE CONSTRUCTION 104199 POWERPLUS ENGINEERING LLC 115 5TH AVE S STE 501 LA CROSSE WI 54601 ENGINEERING 100395 4 ELECTRIC SERVICES 221000 35078909 35078909 COOPERATIVE CAPITAL CR 221000 894752 894752 35973661 97411 97411 203 -203 -203 -203 324767 316535 8232 -66155 74387 EARNINGS FROM PASSTHRO 221000 184720 184720 184720 36263821 35907506 259107 97208 372962 3234014 693940 256805 2156466 2643321 COST OF POWER 23914496 DISTR. - MAINTENANCE 1787954 ADMIN. AND GENERAL 1044323 UBI TAX 64175 ALLOCATED & OTHER COSTS -1261587 34906869 80178 304231 6572139 3750585 188846 103126 1093523 1034409 159594 185598 85254416 20110891 63276242 65143525 12551129 13360863 83921651 83882337 3827224 4254338 45963606 43773622 650000 1300000 485685 1236091 50926515 50564051 X 0 0 0 0 32995136 33318286 32995136 33318286 83921651 83882337 X 1356952 -1033802 X 0 1 1 X 1 1 84337130 20110891 64226239 917286 917286 65143525 INVESTMENT IN ASSOCIATED COMPANIES 13360863 C 13360863 DEFERRED CREDITS 1189951 CUSTOMER DEPOSITS 46140 1236091 36263821 34906869 1356952 -1033802 -1033802 323150 36275617 0 36275617 -11796 -11796 36263821 34906869 0 34906869 0 34906869 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COOPERATIVE ADOPTED THE PROVISIONS OF FASB ASC TOPIC ASC 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2010, THERE WAS NO UNRECOGNIZED TAX ACCRUAL. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. GENERALLY, THE COOPERATIVE IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN OTHER EQUITIES 63,922. RETIREMENT OF CAPITAL CREDITS -1,109,520. BOOK/TAX DIFFERENCE IN EARNINGS FROM PASSTHROUGH ENTITIES 11,796. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE IN EARNINGS FROM PASSTHROUGH ENTITIES -11,796. X X X 0 0 0 BRIAN KRAMBEER 188253 0 0 0 3573 0 106214 0 20217 0 318257 0 0 0 EASTWOOD BANK GENERAL MANAGER IS ON THE BOARD OF DIRECTORS OF EASTWOOD BANK 301870 EASTWOOD BANK HOLDS THE FOLLOWING ASSETS OF THE COOPERATIVE: CAFETERIA PLAN, CAPITAL CREDITS, GENERAL CHECKING, PETTY CASH, AND THE CONSTRUCTION FUND. 0 FORM 990, PART VI, SECTION A, LINE 6 CLASS A MEMBER-OWNERS FORM 990, PART VI, SECTION A, LINE 7A ONE VOTE PER MEMBERSHIP FORM 990, PART VI, SECTION A, LINE 7B THE CLASS A MEMBER-OWNERS APPROVE BY-LAW AMENDMENTS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT HAVE COMMITTEES THAT ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT/CEO AND MANAGER OF FINANCE/ADMINISTRATION WILL REVIEW THE 990 IN DETAIL. AFTER THEIR REVIEW, THE 990 IS PROVIDED TO EACH BOARD MEMBER. THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS AT THE MEETING HELD PRIOR TO ITS FILING IF SO REQUESTED BY ANY BOARD MEMBER. WHETHER PRESENTED IN A BOARD MEETING OR NOT, THE 990 IS NOT FILED UNTIL EACH BOARD MEMBER HAS BEEN GIVEN A COPY OF IT AND GIVEN AMPLE TIME TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE OF THE CONFLICT OF INTEREST POLICY BY COMPLETING A YEARLY REVIEW OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES THE NRECA WAGE AND SALARY SURVEY FOR NATIONAL, REGIONAL AND STATE COMPARISONS. THIS PROCESS IS COMPLETED EVERY YEAR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN OTHER EQUITIES 63,922. RETIREMENT OF CAPITAL CREDITS -1,109,520. BOOK/TAX DIFFERENCE IN EARNINGS FROM PASSTHROUGH ENTITIES 11,796. TOTAL TO FORM 990, PART XI, LINE 5: -1,033,802. ALLOCATED AND OTHER EXPENSE FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. OTHER COMPENSATION FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER/CEO. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. COMPENSATION AND AVERAGE HOURS PER WEEK PART VII, LINE 1A: BRIAN KRAMBEER'S COMPENSATION AND HOURS WORKED PER WEEK ARE SPLIT EVENLY BETWEEN TRI-COUNTY ELECTRIC AND ANOTHER UNRELATED ORGANIZATION, HAWKEYE TRI-COUNTY ELECTRIC. HIS COMPENSATION AND HOURS WORKED PER WEEK ARE REPORTED IN FULL ON TRI-COUNTY ELECTRIC COOPERATIVE'S FORM 990.