2023-10-11T07:55:20-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 580140201 AMICALOLA ELECTRIC MEMBERSHIP CORPORATION AMIC 7062535200 544 HWY 515 SOUTH JASPER GA 31043 TODD PAYNE PRESIDENT & CEO 7062535200 2023-10-10 true TODD PAYNE XXX-XX-XXXX false WILLIAM R ROUNTREE P01231836 4787466277 2023-10-11 2022 2023-04-26 12:10:37Z TODD PAYNE 544 HWY 515 SOUTH JASPER GA 30143 110407403 false X HTTPS://WWW.AMICALOLAEMC.COM/ X 1940 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 178 0 0 95656013 106594582 4844143 3633019 179802 100500156 110407403 0 7299010 811677 755351 804778 0 0 92445795 111658592 100500156 113275047 -2867644 201848786 226470714 117204725 143133490 84644061 83337224 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false N/A false false false false false false false false false true false true 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 true X 38 0 true 178 true false false false false false 103262254 3915819 false false false X 9 9 false false false false true true true true true false false true true true true true true true true true true GA X PENELOPE MARSHALL 7062535200 544 HWY 515 SOUTH JASPER GA 30143 CHARLES R FENDLEY CHAIRMAN 10.06 X X 30050 0 0 JOHN H BENNETT JR VICE CHAIRMA 10.91 X X 28300 0 0 RANDALL PONDER SEC.-TREAS. 2.04 X X 29150 0 0 TRAVIS CLINE DIRECTOR 5.59 X 29750 0 0 JAMES H BRYAN DIRECTOR 1.05 X 18950 0 0 KATHY BURT DIRECTOR 1.75 X 22950 0 0 DAVID J PIERCE DIRECTOR 6.34 X 29450 0 0 REGGIE STOWERS DIRECTOR 4.37 X 27350 0 0 EDWARD TUCKER DIRECTOR 5.06 X 29700 0 0 SHELLEY CANTRELL DIRECTOR 6.38 X 7800 0 0 TODD PAYNE PRESIDENT & 50.00 X 417622 0 133706 PENELOPE MARSHALL CFO 50.00 X 238100 0 49632 JOEL FELLOWS SENIOR VP-OP 50.00 X 183659 0 25461 KENNETH PAYNE MGR. OF ENG 50.00 X 159462 0 51057 LEONARD RAY CARPENTER MGR. DISTRIC 50.00 X 148793 0 24913 NATHANIEL WEST VP-OPERATION 50.00 X 142214 0 72301 1543300 357070 25 false true false WHITNER CONSTRUCTION PO BOX 2588 BLUE RIDGE GA 30513 CONSTRUCTION 303391 1 ELECTRIC REVENUE 221000 103262254 103262254 POLE RENTAL 221000 2520651 2520651 G & T CAPITAL CREDITS 221000 458273 458273 OTHER CAPITAL CREDITS 221000 353404 353404 106594582 3633019 3633019 MISC NONOPERATING INCOME 155927 155927 GAIN OR LOSS FROM DISP OF PLA 23875 23875 179802 110407403 110407403 811677 804778 3332779 7793091 PURCHASED POWER 74505792 DISTRIBUTION MAINTENANCE 12120103 ADMIN. & GENERAL EXP. 6190353 CONSUMER ACCOUNTS 3781193 3935281 113275047 0 0 0 5274322 689081 5854619 8508028 5048849 8674364 630215 243781 265182915 93694979 156699685 171487936 12132483 12879423 16208613 23988101 201848786 226470714 12295537 15331250 78733676 105408566 26175512 22393674 117204725 143133490 X 876537 902617 83767524 82434607 84644061 83337224 201848786 226470714 X -2867644 1560807 X false true X true false 656846 656846 264526069 93694979 170831090 171487936 PATCAP - GTC 6027220 C OTHER PATCAP INVESTMENTS 1848916 C GEC 1524766 C GRESCO 1024965 C CFC CAPITAL TERM CERTIFICATES 823566 C CONTRIBUTED CAPITAL - GTC 741557 C SMARR EMC 538846 C SEDC 349587 C 12879423 POSTRETIREMENT HEALTHCARE BENEFITS 8333800 ACCRUED UTILITY REVENUE 7965861 PREPAID FIBER ACCESS FEES 3354766 SYSTEM RESTORATION 2773696 DEFERRED COMPENSATION 1248731 OTHER 311247 23988101 REGULATORY LIABILITES - ASC 980 15250000 CONSUMER DEPOSITS 5894943 DEFERRED COMPENSATION 1248731 22393674 114007403 3600000 3600000 110407403 110407403 112463370 112463370 811677 811677 113275047 SCHEDULE D, PAGE 4, PART XI, LINE 2D DEFERRED REVENUE UNDER ASC 980 3,600,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 811,677 SCHEDULE D, PAGE 4, PART XIII PART XIII - SUPPLEMENTAL FINANCIAL INFORMATION THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X false true false TODD PAYNE PRESIDENT & CEO 349821 67048 753 96380 37326 551328 PENELOPE MARSHALL CFO 194810 42537 753 22941 26691 287732 JOEL FELLOWS SENIOR VP-OPS/ENGIN 140199 42707 753 147 25314 209120 KENNETH PAYNE MGR. OF ENGINEER 131002 27707 753 26338 24719 210519 LEONARD RAY CARPENTER MGR. DISTRICT OP'S. 120333 27707 753 387 24526 173706 NATHANIEL WEST VP-OPERATIONS/ENG 110014 31447 753 40752 31549 214515 FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A 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, PAGE 6, PART VI, LINE 7B 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, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, 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 XI, LINE 9 CHANGE IN DONATED CAPITAL 264,488 CHANGE IN MEMBERSHIPS 26,080 RETIRED CAPITAL CREDIT GAINS 249,953 PATRONAGE CAPITAL CREDITS 811,677 DEFERRED REVENUE UNDER ASC 980 3,600,000 PATRONAGE CAPITAL CREDIT RETIREMENTS -3,391,391 TOTAL 1,560,807