2023-11-10T08:24:01-05:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 580477163 WALTON ELECTRIC MEMBERSHIP CORPORATION WALT 7702672505 PO BOX 260 MONROE GA 30655 MARSHA L SHUMATE CFO/SR VP FINANCE 7702672505 2023-11-09 true MARSHA SHUMATE 999009999 true H TERRELL MCMICHAEL JR P01259982 4787466277 2023-11-10 2022 2023-04-26 12:10:37Z D RONNIE LEE PO BOX 260 MONROE GA 30655 369406838 false X WWW.WALTONEMC.COM X 1936 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 294 1966737 16354 0 321272487 366585320 401092 854781 1606693 1966737 323280272 369406838 0 0 1069775 1072158 0 0 333952810 374354252 335022585 375426410 -11742313 -6019572 527402332 576846629 306014846 341926611 221387486 234920018 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S 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 false true false false false false false false false false false false false false false false true false false false false false false false false false false true true true true false true 22 0 true 294 true true true false false false false 360055423 558379 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 false GA X WALTON EMC 7702672505 842 US HWY 78 NW MONROE GA 30655 DAWN TAYLOR CHAIRMAN 5.00 X X 29858 0 0 MICHAEL Q LOWDER VICE CHAIRMA 5.00 X X 26800 0 0 BILLY RAY ALLEN SEC-TREASURE 5.00 X X 26838 0 0 DANIEL J CHELKO DIRECTOR 5.00 X 27638 0 0 SAMMY SIMONTON DIRECTOR 5.00 X 27138 0 0 THOMAS H ADCOCK JR DIRECTOR 5.00 X 26838 0 0 JOHNNY R ALLGOOD DIRECTOR 5.00 X 26538 0 0 JASON SIDWELL DIRECTOR 5.00 X 27214 0 0 JIM WHITLEY DIRECTOR 5.00 X 26538 0 0 D RONNIE LEE PRESIDENT & 50.00 X 665098 0 161661 RONALD T MARSHALL SR VP ENG & 50.00 X 429615 0 109851 RUSSELL A DELONG SR VP CORPOR 50.00 X 390712 0 101291 ROBERT E RENTFROW SR VP POWER 50.00 X 397966 0 101821 MARSHA L SHUMATE CFO/SR VP FI 50.00 X 391379 0 101450 JAMES M BOTTONE VP ENERGY & 50.00 X 306541 0 84070 2826711 660144 83 false true false AUTRY HALL & COOK LLP 2100 EAST EXCHANGE PLACE SUITE 210 TUCKER GA 30084 LEGAL 309807 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC PO BOX 1 MACON GA 31202 ACCOUNTING SERV 147070 2 ELECTRIC REVENUE 221000 360062354 360062354 G & T CAPITAL CREDITS 221000 3800321 3800321 POLE RENTAL REVENUE 221000 2722645 2722645 366585320 854781 619704 235077 EMC SECURITY 900099 1966737 1966737 1966737 369406838 364482379 1966737 2957722 1072158 364501 5544928 16611632 PURCHASED POWER 306846605 DISTRIBUTION MAINTENANCE 15468158 DISTRIBUTION OPERATIONS 12115600 ADMIN. & GENERAL EXP. 9201120 8201708 375426410 0 0 0 3498420 5132853 12000000 29066259 31350157 42890231 12400 23927 3889745 4796080 375449 383633 531241509 212521460 305459352 318720049 39536888 40495006 131243273 135302875 36648 35716 527402332 576846629 44905792 63794178 138911083 157071305 122197971 121061128 306014846 341926611 X 962700 954865 220424786 233965153 221387486 234920018 527402332 576846629 X -6019572 19552104 X false true X true false 1303842 1303842 17468684 7339328 10129356 512468983 205182132 307286851 318720049 PATRONAGE CAPITAL IN ASSOCIATED ORG. 124196218 C INVESTMENT IN CFC CTCS 6920316 C OTHER INVESTMENT-ASSOC. ORG. 4169827 C OTHER INVESTMENTS-ERC LOANS 16514 C 135302875 ACCUM PROV FOR PENSION & BENEFITS 64357793 CONSTRUCTION PERFORMANCE DEPOSITS 29665392 OTHER REGULATORY LIABILITIES 17000000 CONSUMER DEPOSITS 9791602 DEFERRED CREDIT-UNCLAIMED MEMBERSH.. 238975 DEFERRED CREDIT-UNCLAIMED A/P 7366 121061128 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S FISCAL YEAR END IS JUNE 30. THE CORPORATION'S FINANCIAL STATEMENTS WERE AUDITED AS OF JUNE 30, 2022 AND 2023. X X X X false false false D RONNIE LEE PRESIDENT & CEO 565572 28500 71026 158633 3028 826759 RONALD T MARSHALL SR VP ENG & OPS 361206 22000 46409 106823 3028 539466 RUSSELL A DELONG SR VP CORPORATE SERV 329338 22000 39374 98743 2548 492003 ROBERT E RENTFROW SR VP POWER SUPPLY 329533 22000 46433 98793 3028 499787 MARSHA L SHUMATE CFO/SR VP FINANCE 328070 22000 41309 98422 3028 492829 JAMES M BOTTONE VP ENERGY & AFFAIRS 268997 22000 15544 81042 3028 390611 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 THROUGH THE USE OF A COMPENSATION SURVEY AND A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A WAGE AND SALARY PLAN ADMINISTERED BY THE CEO AND APPROVED BY THE MEMBER-ELECTED BOARD. 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 MEDICAL PLAN EQUITY ADJUSTMENT (FAS 158) 20,285,600 PATRONAGE CAPITAL CREDITS ESTIMATED ADJUSTMENTS 23,227 PERMANENT CAPITAL - OPC MARGINS 457,825 ASC 980 - DEFERRED REVENUE RECOGNITION 14,000,000 RETIRED CAPITAL GAINS 96,843 MEMBERSHIPS -7,835 OTHER EQUITIES AND MARGINS -678,540 PATRONAGE CAPITAL RETIREMENTS -8,567,489 PENSION PLAN EQUITY ADJUSTMENT (FAS 158) -6,057,527 TOTAL 19,552,104 WALTON BAINBRIDGE LLC 1695 MARTIN LUTHER KING JR DRIVE BAINBRIDGE GA 39817 811347542 GENERATION GA -49788 3137213 YES WALTON DISCOVER LLC 230 LEE ROAD 315 SMITHS STATION AL 36877 811355808 GENERATION GA 390329 4374297 YES WALTON ENERGY INC 842 US HIGHWAY 78 NW MONROE GA 30655 331013753 NATURAL GA GA YES C CORP -141620 49273577 1.00000 true false false false true false false false false false false false false false false true false true false false WALTON ENERGY INC O 4692760 COST (PSC APPROVED ALLOC) WALTON ENERGY INC Q 1429268 COST (PSC APPROVED ALLOC)