{"id":32771,"date":"2018-06-01T07:00:07","date_gmt":"2018-06-01T14:00:07","guid":{"rendered":"https:\/\/www.wrec.coop\/?p=32771"},"modified":"2018-06-08T12:09:23","modified_gmt":"2018-06-08T19:09:23","slug":"wells-rural-electric-co-financial-statement","status":"publish","type":"post","link":"https:\/\/www.wrec.coop\/wells-rural-electric-co-financial-statement\/","title":{"rendered":"Wells Rural Electric Co. Financial Statement"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
ASSETS <\/strong><\/td>\nDecember 31, 2016<\/strong><\/td>\nDecember 31, 2017<\/strong><\/td>\n<\/tr>\n
Electric plant in service<\/td>\n$73,422,160 <\/strong><\/td>\n$76,265,706 <\/strong><\/td>\n<\/tr>\n
Construction work in progress<\/td>\n$1,262,602 <\/strong><\/td>\n$655,749 <\/strong><\/td>\n<\/tr>\n
Less allowance for depreciation<\/td>\n($40,076,177)<\/strong><\/td>\n($41,318,164)<\/strong><\/td>\n<\/tr>\n
Net electric plant<\/td>\n$34,608,585 <\/strong><\/td>\n$35,603,291 <\/strong><\/td>\n<\/tr>\n
Investments in associated organizations<\/td>\n$1,835,924 <\/strong><\/td>\n$1,866,278 <\/strong><\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$4,895,946 <\/strong><\/td>\n$7,349,714 <\/strong><\/td>\n<\/tr>\n
Accounts receivable<\/td>\n$3,825,381 <\/strong><\/td>\n$3,664,757 <\/strong><\/td>\n<\/tr>\n
Materials and supplies<\/td>\n$1,120,961 <\/strong><\/td>\n$985,932 <\/strong><\/td>\n<\/tr>\n
Prepaid expenses and accrued assets<\/td>\n$2,919,270 <\/strong><\/td>\n$2,504,280 <\/strong><\/td>\n<\/tr>\n
TOTAL ASSETS <\/strong><\/td>\n$49,206,066 <\/strong><\/td>\n$51,974,252 <\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
LIABILITIES <\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Equities and margins<\/td>\n<\/td>\n <\/td>\n<\/tr>\n
Patronage capital<\/td>\n$19,684,898 <\/strong><\/td>\n$19,735,972 <\/strong><\/td>\n<\/tr>\n
Long-term debt – CFC<\/td>\n$15,556,561 <\/strong><\/td>\n$17,958,980 <\/strong><\/td>\n<\/tr>\n
Consumer advance for construction<\/td>\n$1,844,682 <\/strong><\/td>\n$1,959,834 <\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Current Liabilities <\/strong><\/td>\n<\/td>\n <\/td>\n<\/tr>\n
Accounts payable<\/td>\n$2,810,984 <\/strong><\/td>\n$2,795,688 <\/strong><\/td>\n<\/tr>\n
Consumer deposits<\/td>\n$104,146 <\/strong><\/td>\n$101,200 <\/strong><\/td>\n<\/tr>\n
Other current and accrued liabilities<\/td>\n$9,204,795 <\/strong><\/td>\n$9,422,579 <\/strong><\/td>\n<\/tr>\n
TOTAL EQUITIES and LIABILITIES <\/strong><\/td>\n$49,206,066 <\/strong><\/td>\n$51,974,252 <\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
INCOME STATEMENT <\/strong><\/td>\n<\/td>\n <\/td>\n<\/tr>\n
Electric sales<\/td>\n$42,610,550 <\/strong><\/td>\n$43,623,094 <\/strong><\/td>\n<\/tr>\n
Other income<\/td>\n$151,256 <\/strong><\/td>\n$177,477 <\/strong><\/td>\n<\/tr>\n
TOTAL INCOME <\/strong><\/td>\n$42,761,806 <\/strong><\/td>\n$43,800,571 <\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
EXPENSES <\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Cost of power<\/td>\n$30,349,904 <\/strong><\/td>\n$31,410,001 <\/strong><\/td>\n<\/tr>\n
Operations and maintenance<\/td>\n$4,202,520 <\/strong><\/td>\n$4,574,283 <\/strong><\/td>\n<\/tr>\n
Consumer accounting<\/td>\n$725,751 <\/strong><\/td>\n$608,541 <\/strong><\/td>\n<\/tr>\n
Administrative and general<\/td>\n$4,369,481 <\/strong><\/td>\n$4,262,349 <\/strong><\/td>\n<\/tr>\n
Depreciation<\/td>\n$2,034,125 <\/strong><\/td>\n$2,133,960 <\/strong><\/td>\n<\/tr>\n
Taxes<\/td>\n$7,820 <\/strong><\/td>\n$8,182 <\/strong><\/td>\n<\/tr>\n
Interest<\/td>\n$449,961 <\/strong><\/td>\n$550,974 <\/strong><\/td>\n<\/tr>\n
Other<\/td>\n$64,285 <\/strong><\/td>\n$40,623 <\/strong><\/td>\n<\/tr>\n
TOTAL EXPENSES <\/strong><\/td>\n$42,203,847 <\/strong><\/td>\n$43,588,911 <\/strong><\/td>\n<\/tr>\n
MARGINS (Capital Credits) <\/strong><\/td>\n$557,958 <\/strong><\/td>\n$211,660 <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ASSETS December 31, 2016 December 31, 2017 Electric plant in service $73,422,160 $76,265,706 Construction work in progress $1,262,602 $655,749 Less allowance for depreciation ($40,076,177) ($41,318,164) Net electric plant $34,608,585 $35,603,291 Investments in associated organizations $1,835,924 $1,866,278 Cash and cash equivalents $4,895,946 $7,349,714 Accounts receivable $3,825,381 $3,664,757 Materials and supplies $1,120,961 $985,932 Prepaid expenses and accrued […]\n","protected":false},"author":7,"featured_media":32773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false,"footnotes":""},"categories":[218,220],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/posts\/32771"}],"collection":[{"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/comments?post=32771"}],"version-history":[{"count":0,"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/posts\/32771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/media\/32773"}],"wp:attachment":[{"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/media?parent=32771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/categories?post=32771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrec.coop\/wp-json\/wp\/v2\/tags?post=32771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}