2023-10-02T07:52:53-05:00 2023-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2022-07-01 620204106 FORT LOUDOUN ELECTRIC COOPERATIVE FORT 8773532674 PO BOX 1030 VENORE TN 37885 MICHAEL C WEBB CFO 8773532674 2023-09-29 1 MICHAEL WEBB 999009999 0 KIM HUSKEY CPA P00958962 4237567771 2023-09-28 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL C WEBB PO BOX 1030 VONORE TN 37885 83744387 0 X WWW.FLEC.ORG X 1940 TN TO PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON, AND BLOUNT COUNTIES IN EAST TENNESSEE. 8 8 86 0 0 0 0 0 77616131 80902913 88462 649330 313654 2192144 78018247 83744387 0 0 0 0 0 6079705 0 0 0 72927655 74289600 72927655 80369305 5090592 3375082 113234004 117508880 19069157 19697563 94164847 97811317 TO PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON, AND BLOUNT COUNTIES IN EAST TENNESSEE. 0 0 80369305 83095057 TO PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON, AND BLOUNT COUNTIES IN EAST TENNESSEE. 80369305 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 86 1 0 0 0 0 0 80902913 2841474 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL C WEBB 8773532674 PO BOX 1030 VONORE TN 37885 DENNY STEVENS DIRECTOR 5.00 X 9450 0 0 VERNON DAVIS DIRECTOR 5.00 X 7350 0 0 LEWIS JONES DIRECTOR 5.00 X 7950 0 0 JOHN LOOPE DIRECTOR 5.00 X 7395 0 0 BEN WARD DIRECTOR 5.00 X 10200 0 0 JR PUGH DIRECTOR 5.00 X 8250 0 0 ANGELA TALLENT DIRECTOR 5.00 X 7350 0 0 MIKE WIGGINS DIRECTOR 5.00 X 9240 0 0 TOM GREENE DIRECTOR 5.00 X 675 0 0 LISA LINGERFELT VP 45.00 X 116874 0 32058 SHEILA MONTOOTH VP 45.00 X 109178 0 26325 JARROD BRACKETT CEO 55.00 X 187551 0 42006 MICHAEL C WEBB CFO 50.00 X 156909 0 36657 LELAND CHAD KIRKPATRICK VP 45.00 X 148680 0 43364 SHANE SCHAFFER SUPERVISOR 49.00 X 161381 0 35271 REGAN DALTON SUPERVISOR 43.00 X 124128 0 25084 ERIC GIBSON FOREMAN 49.00 X 139499 0 18292 ROBERT HUNT FOREMAN 49.00 X 144648 0 13801 DANIEL MCKANE FOREMAN 48.00 X 126370 0 16197 PHILLIP TEAGUE FOREMAN 48.00 X 138959 0 28386 1622037 0 317441 22 0 1 0 SERVICE ELECTRIC PO BOX 277790 ATLANTA GA 30384 LINE CREW CONTRACT 1813700 STRICKLAND TREE SERVICE 904 STINNETT ROAD MADISONVILLE TN 37354 RIGHT OF WAY CUTTING 1402228 BRIAN COADA 798 JONES DRIVE GREENBACK TN 37742 URD CONTRACTOR 448180 USIC HOLD INC PO BOX 715409 CINCINNATI OH 45271 LOCATION CONTRACTOR 165832 MCCLURES COMMUNICATION 1404 ROWLAND HILL ROAD MARBLE NC 28905 FIBER CONNECT 125139 5 ELECTRIC SALES 221000 80902913 80902913 80902913 649330 649330 2192144 0 2192144 2192144 2192144 83744387 83095057 0 649330 880573 5199132 131630 5932783 COST OF POWER 60324595 DISTRIBUTION - MAINTENA 5636321 DISTRIBUTION - OPERATIO 3935518 GENERAL AND ADMINISTRAT 2496592 -4167839 80369305 639762 777028 16060602 16535394 4295188 7722104 221189 88388 2396230 3157290 136901 162942694 75061804 84026749 87880890 1123524 1210885 4470760 113234004 117508880 9490500 12161939 3126638 2682000 6452019 4853624 19069157 19697563 X 0 176675 0 0 94164847 97634642 94164847 97811317 113234004 117508880 X 3375082 271388 X X 0 1 X 1 0 1598036 1598036 3241718 859450 2382268 155464071 74202354 81261717 2638869 2638869 87880890 CONSUMER DEPOSITS 2301300 POSTRETIREMENT BENEFITS 1301091 CONSTRUCTION ADVANCES 1181449 ENERGY SERVICE LOANS ADVANCES 69784 4853624 83744387 0 83744387 0 83744387 80369305 0 80369305 0 80369305 PART VI, LINE 1E OTHER FIXED ASSETS IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS. X X X X 0 0 0 JARROD BRACKETT CEO 187551 0 0 0 0 0 34914 0 7092 0 229557 0 0 0 SHANE SCHAFFER SUPERVISOR 161381 0 0 0 0 0 20217 0 15054 0 196652 0 0 0 MICHAEL C WEBB CFO 156909 0 0 0 0 0 30069 0 6588 0 193566 0 0 0 LELAND CHAD KIRKPATRICK VP 148680 0 0 0 0 0 27722 0 15642 0 192044 0 0 0 PHILLIP TEAGUE FOREMAN 138959 0 0 0 0 0 19366 0 9020 0 167345 0 0 0 ROBERT HUNT FOREMAN 144648 0 0 0 0 0 8754 0 5047 0 158449 0 0 0 ERIC GIBSON FOREMAN 139499 0 0 0 0 0 9317 0 8975 0 157791 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS ARE HELD EACH YEAR IN WHICH THE MEMBERS ELECT THE GOVERNING BOARD. THE ELECTED OFFICIAL SERVES FOR A THREE YEAR TERM. TERMS ARE STAGGERED SO THAT EITHER TWO OR THREE MEMBERS ARE ELECTED EACH YEAR. THE SERVICE AREA OF THE UTILITY IS DIVIDED INTO DISTRICTS. EACH OF THE EIGHT DISTRICTS ELECTING ONE REPRESENTATIVE TO SERVE THE MEMBERS IN THAT DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS - CHANGES TO THE BYLAWS APPROVED BY THE BOARD OF DIRECTIONS MUST THEN BE RATIFIED BY THE ORGANIZATION'S MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDANT CPA FIRM. A DRAFT IS PROVIDED TO THE ORGANIZATION'S ACCOUNTING STAFF AND CEO FOR REVIEW. UPON FINAL APPROVAL OF THE CEO AND ACCOUNTING STAFF, THE FINAL RETURN IS PRESENTED TO THE GOVERNING BODY WHO APPROVES THE 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANYTHING THAT IS DEEMED A CONFLICT OF INTEREST IN THE WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES FEDERAL, STATE AND REGIONAL COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE CEO. THE CEO'S COMPENSATION IS THEN SET AND APPROVED BY THE BOARD OF DIRECTORS. FEDERAL, STATE AND REGIONAL COMPARABILITY DATA IS USED TO ESTABLISH COMPENSATION FOR KEY AND OTHER EMPLOYEES. THE CEO APPROVES ALL COMPENSATION WHICH IS USED TO PREPARE THE ORGANIZATION'S ANNUAL BUDGET. THE BUDGET IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 NEW MEMBERS ARE PROVIDED WITH A COPY OF THE BYLAWS OF THE ORGANIZATION. IN ADDITION, ANY MEMBER MAY REQUEST A COPY OF THE BYLAWS AT ANY TIME. OTHER POLICY STATEMENTS, FINANCIAL STATEMENTS, OR OTHER DOCUMENTS CAN BE REQUESTED FROM THE ORGANIZAITON'S CEO AND IS RELEASED AT THE APPROVAL OF THE CEO. FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK (MEMBERSHIPS) 176,675. OTHER COMPREHENSIVE INCOME - APBO 94,713. PART XII, LINE 2C EXPLANATION AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.