31, 12 - New Mexico Public Regulation Commission 573 Maintenance of miscellaneous transmission plant ... 52 932 Maintenance of general plant 98,517 11,866 ... COLUMBUS ELECTRIC

P.O. BOX 631 • 900 NORTH GOLD • DEMING. NEW MEXICO 88031 • 575-546-8838

, .•.. l

3

To

FAX 546·3~128· 800-950-2667 • OUTAGE RESPONSE 800-228-0579

31, 12

DATE DATE OF I ORIGINAL I BEGINNING ENDING 4TH QTR TOTAL NOTE # RATE ISSUED MATURITY. AMOUNT INTEREST 14180 RUS 2% 11/22/1978 11-22-13 1 2,134.70 14190 RUS 2% 03/21/1981 03-21-16 1 1B200 RUS 5% 05/27/1983 05-27-18 0.00 1B202 RUS 5% 05/27/1983 05-27-18 0.00 4,171.92 1B203 RUS 5% 05/27/1983 05-27-18 0.00 3,117.69 1 B210 RUS 5% ,12/30/1987 12-30-22 0.00 7,130.26 1B212 RUS 5% 12/30/1987 12-30-22 0.00 1B213 RUS 5% 12/30/1987 12-30-22 i 0.00 1B220 RUS 5% 05/31/1992 05-31-27 621,000.00 : 0.00

-- - - - -

1B222 RUS 5% 08/23/1993 08-23-28 0.00 1B223 RUS 5% 01/17/1996 01-17-31 18,000.00 0.00 1B230 RUS 5% 01/17/1996 01-17-31 0.00 1B232 RUS 5% 09/08/1997 '09-08-32 0.00: 1B236 RUS 5% 09/08/1997 09-08-97 1B240 RUS 0.50% 12/12/2000 12-12-35 1 1B241 RUS 0.62% 06/05/2001 06-05-36 1 1B245 RUS 0.62% 04/23/2002 412312037 1 1B246 RUS 0.50% 11/19/2002 11/19/2037 1,015.97 1B250 RUS 0.50% 107/03/2003 7/3/2038 1,103.95 1B255 RUS 0.50% '07103/2003 713/2038 122.67 1B256 RUS 1.12% 01/08/2004 118/2039 801.70 1B260 RUS 112% 03/29/2005 312912040 1 1B261 RUS 4.25% 11/15/2005 11/15/2040 1,000,000.00 1B262 RUS 4.37% 06/12/2006 611212041 1,100,000.00 1B263 RUS 1.12% 03/26/2007 312612042 1B264 RUS 0.50% 07/16/2007 711612042 1 1B265 RUS 1.12% 02/07/2008 217/2043 1B266 RUS 0.50% 10/28/2008 ,10/28/2043 771,000.00 1B267 RUS 1.12% 12/31/2008 12/31/2043 1 HOO10 FFB 0.61% 05/08/2009 518/2044 1,100,000.00 . H0015 FFB 0.63% 1/4/2010 1/4/2045 H0020 FFB 0.46% 5/14/2010 5/14/2045 H0025 FFB 0.25% 10/22/2010 : 10/22/2045 1 ,

H0030 FFB .4.083% 5/2/2011 , 12131/2043 1,500,000.00 !

F0035 , FFB ! 2.934% 3/26/2012 12/31/2043 1,500,000.00 9002 I CFC I 7.25% 05/27/1983 512712018 9003 CFC ! 7.40% 12/30/1987 12/30/2022 9004 CFC 7.45% ,02/25/1992 2/25/2027 9005 CFC 7.45% ,07126/1994 7/26/2029 9006 CFC 7.50% :04/01/1999 4/1/2034 9009 CFC 7.55% ,08/01/2001 8/1/2036 9010 CFC 7.35% 06/07/2007 617/2042

214314COBANK 2.92% 5/31/2012. 7/20/2024 I

TOTAL ,

ELicCTRIC OPERATION AND MAINTENANCE EXPENSES

I. Enter in the the space provided the operation and maintenance 2. Ifthe increases and decreases are not derived from pre-expenses for the year. viously reported figures explain in footnotes. -

Increase or decrease from

Line Account Amount for year preceding year

No. ( a ) (b) (c)

I POWER PRmlUCnON EXPENSES $ $ 2 STEAM POWER GENERA nON 3 Operations 4 500 Operation supervision and engineering 5 501 Fuel 6 S02 Steam expense 7 503 Steam from other sources 8 504 Steam transferred - Cr ( ) 9 505 Electric expenses \0 506 Miscellaneous steam power expenses II 507 Rents 12 Total operations 13 Alainlenance 14 510 Maintenance supervisions and engineering 15 511 Maintenance of structures 16 512 Maintenance of boiler plant 17 513 Maintenance of electric plant 18 514 Maintenance of miscellaneous steam plant 19 Total maintenance 20 Total power production expenses - steam power 21 NUCLEAR POWER GENERATION 22 Operations 23 517 Operation supervision and engim,ering 24 518 Fuel 25 519 Coolants and Water 26 520 Steam expenses 27 521 Steam from other sources 28 522 Steam transferred - CR ( ) 29 523 [leetlie expenses 30 524 Miscellaneous nuclear power expenses 31 525 Rents 32 Total Operations 33 Afaintenance 34 528 Maintenance supervision and en§:ineering 35 529 Maintenance of stmclures 36 530 Maintenance of reactor plant equipment 37 531 Maintenance of electric plant 38 532 Maintenance of miscellaneous ne.clear plant 39 Total maintenance 40 Total power production expenses - nuclear power 41 HYDRAULIC I'OWER GENERATION 42 O,verations 43 535 Operation supervision and engim,ering 44 536 Water for power 45 537 Hydraulic expenses 46 538 Electric expenses 47 539 Miscellaneous hydraulic power generation expenses 48 540 Rents 49 Total operation 50 Ala inlenance 51 541 Maintenance supervision and eng:ineering 52 542 Maintenance of stmcturcs -

ELECTRI<: OPERATION AND MAINTENANCE EXPENSES (Continued) Increase or

decrease from

Line Account Amount for year preceding year

No. ( a ) ( b ) ( c )

I HYDRAULIC POWER GENERATION (Continued) $ $ 2 543 Maintenance of reservoirs, darc.5 and waterways

3 544 Maintenance of electric plant 4 545 Maintenance of miscellaneous hydraulic plant

5 Total maintenance

6 Total power production (~xpenses - hydraulic power

7 OTHEH POWER GENERATION

8 Operations 9 546 Operation supervision and engineering

10 547 Fuel II 548 Generation expenses 12 549 Miscellaneous other power generation expenses

13 550 Rents 14 Total Operation

15 Maintenance 16 551 Maintenance supervision and engineering

17 552 Maintenance of structures 18 553 Maintenance of generating and electric plant

19 554 Maintenance of miscellaneous other power generation plant

20 Total maintenance 21 Total power production expenses - other power

22 OTHER POWER SUPPLY EXPENSES 23 555 Purchased power 8,042,211 722,065 24 556 System control and load dispalching 25 557 Other expenses 26 Total other power supply expenses 8,042,211 722,065 27 Total power production expenses 8,042,211 722,065 28 TRANSMISSION EXPENSES 29 Operations 30 560 Operations supervision and cng;inccring 31 561 Load dispatching 32 562 Station expenses 162 (6) 33 563 Overhead line expenses 14,794 (3,945) 34 564 Underground line expenses

35 565 Transmission of electric by others 36 566 Miscellaneous transmission expenses

37 567 Rents

38 Total Operation 14,956 (3,951 39 ,\faintenance 40 568 Maintenance supervision and engineering

41 569 Maintenance of structures 42 570 Maintenance of station equipm~nt 43 571 Maintenance of overhead lines 3,590 3,125 44 572 Maintenance of underground lines 45 573 Maintenance of miscellaneous transmission plant 46 Total maintenance 3,590 3,125 47 Total transmission expenses 18,546 (826) 48 DISTRIBUTION EXPENSES 49 .operations 50 580 Operation supervision and engineering 78,930 (5,139) 51 581 Load dispatching 52 582 Station expenses 49,323 (13,888) 53 583 Overhead line expenses 248,438 48,415 54 584 Underground line expenses 56,092 (5,137) 55 585 Street lighting and signal &vste~n eXEenses

ELECTRIC OPERATION AND MAINTENANCE EXPENSES (Continued) Increase or

decrease from Line Account Amount for year preceding year No, ( a) (b) (c)

I DISTRIBUTION EXPENSES (Continued) $ $ 2 586 Meter expenses 87,612 61,381 3 587 Customer installations expenses 35,245 1,851 4 588 Miscellaneous distribution expenses 343,968 52,915 5 589 Rents 7,458 2,313 6 Total Operation 907,068 142,713 7 fyfaintenance

8 590 Maintenance supervision and engineering 9 591 Maintenance of structures 10 592 Maintenance of station equipment 21,302 ',034) 11 593 Maintenance of overhead lines 217,461 25,560 12 594 Maintenance of underground lines 5,637 ) 13 595 Maintenance oftine transfonners 24,662 (6,083) 14 596 Maintenance of street and signal systems 75 75 15 597 Maintenance of meters 29,564 (1,451) 16 598 Maintenance of miscellaneous distribution plant 9,193 1,051 17 Total maintenance 307,894 (18.203 18 Total distribution expense;. 1.214,962 124,510 19 CUSTOMER ACCOU~TS EXPENSE 20 ()perations 21 901 Supervision 22 902 Meter reading expenses 201.559 2,887 23 903 Customer records and collection expenses 446.562 51,240 24 904 Uncollectible accounts - -25 908 Customer Service and Informational Expense 71,118 (52.661 26 Total customer accounts expenses 719.239 1,467 27 SALES EXPENSES 28 Operations 29 911 Supervision 30 912 Demonstrating and selling t:xpe:nses 31 913 Advertising expenses 32 914 Revenues from merchandising, jobbing and contract work I 33 915 Cost and expenses of merchandi ,ing, jobbing and contract work I 34 916 Miscellaneous sales expenses 35 Total sales expenses 36 ADMINISTRATIVE AND GENERAL EXPENSES 37 ()perations 38 920 Administrative and general salaries 492,359 176) 39 921 Office supplies and expenses 40,106 (15,951 ) 40 922 Administrative expenses transfe'ITcd - Cr 41 923 Out,ide services employed 81.612 6,388 42 924 Property insurance 43 925 Injuries and damages 44 926 Employee pensions and benefit;, 45 927 Franchise requirements 46 928 Regulatory commission expenst:,; 65,801 4,374 47 929 Duplicate Charges - Cr 48 930 Miscellaneous general expenses 411.675 4,230 49 931 Rents 50 Total operation 1,091,553 (88,135) 51 Maintenance 52 932 Maintenance of general plant 98,517 11,866 53 Total administrative and general expenses 1,190,071 (76.268) 54 Total Electric Operation and :'vlaintcnance Expenses 11,185.029 770,948

-

ELECTRIC OPERATION AND MAINTENANCE EXPENSES ~------------~==~~~~

Line No.

1 2 3 4 5 6 7 8 9 10 11 12 13 14

SUMMARY OF I~LECTRIC OPERATION AND MAINTENANCE EXPENSES

Functional Classification ( a

Power Production Electric Generation:

Steam power Nuclear power

power Other power

Other power expenses Total power expenses

Transmission Distribution

Sales Adm. and General

Total Electric 0

( b Maintenance

c $

Total ( d)

NUMBER OF ELECTRIC DEPARTMENT EMPLOYEES

Number of electric department employees, payroll period

I Total regular full-time employees

2. Total part-time and temporary emnlove""

3. Total employees

The data on number of employees should be reported for the

payroll ending nearest to October 31, or any payroll

period 60 days before or after October 31

If the respondent's payrolls for the reported peliod include

any special construction forces include such as part-

time and temporary employees and show the number of such

31-Dec-12

emIJIO)'ees U"""";"'YV"v to the electric department from joint functions of combination utilities may be de

tem1ined by estimate, on the basis of employee equivalents.

Show the estimated number attributed

to the electric nPT",rtmPlnt

DISTRIBUTION OF SYSTEM LOAD IN SERVICE AREA

l. Infonnation is desired the distribution of the system load within the lCllHVl'y served by the This infonnation should be furnished on the

basis used lC",pvlld",m in m>lintmnmp load distribution such as by Ih;;t;'ltion~. Ul ""'Vll", COmnllln UJICUVpV areas, or other

areas.

2. A sketch map the location and the IJ"UIlUGiJ of each ofthese areas, IUgemt:r with identification should he furnished.

Annual Energy Provided for the Area

Estimated Distribution - Percent

Designation of Area I I Public I I I I Aclual or Estimated , (Prilnarj substation. , .

I Streets =:Ina I Other Sales I , P~ak De-rnanu of AnHual

opemting division, or \1ap Total Residential Commercial Industrial Highway to Public lnigation Company Unaccounted Area During the Date of Load

community) Symbol (kilowatt-hours Sales Lighting AuthOlity Sales Use for Y car (Kilowatts) Peak Factor

CONSTRUCTION OVERHEAD - ELECTRIC

I. Report below the infonnation called for conu:ming con

struction overheads for the year.

2. List in column ( a ) the kinds of overheads according to the

titles used by the respondent. Charges for outside professional ser

vices for engineering fees and management of suptTvisiol1 fees capi

talized should be shown as separate items.

3. On the lower section of this schedule furnish the requested

explanatory infonnation concerning construction overheads.

4. A respondent should not report "none" to this schedule if

Line

No.

Name of Overhead Total overheads cleared

to construction

I

2

3

4

5 6

7 8

9

10

II

12

(a)

Indirect Labor $ $ $ $ $ $ $ $ $ $

(b)

81,483 195,718 225,702

7,874 18,650 13,941 5,982

240,887 13,407 3,049

no overhead apportionments are made, but rather should explain on

the lower section of this schedule that on Iy such engineering, super

visior, and administrative costs, etc., which are directly chargeable

construction are charged to construction ifthis is the case. Engi

neering, supervision, administrative, and intere,t costs, etc., which

are tlrst assigned to a blanket work order and then prorated to con

struction jobs shall be considered overheads for the purposes of

fonnulating a response to this schedule.

Cost of construction to which

overheads were charged (ex

clusive of overhead charges)

(c)

Percent overheads to

construction cost

(d)

13 j---.:.::..-'---_________ --=-.:::.TO.~r;\L $ 185,025 GENERAL DESCRIPTION OF CONSTRUCTION OVERlIE AD PROCEDURE

I. For each construction overhead for electric plant explain

( a ) nature of the engineering, supervisory, or administrative work,

etc., the overhead charges are intended to cover. ( b ) the general

procedure for detcnnining the amount capitalized. ( c ) thl! method

of distribution to construction jobs. ( d ) percentages applied to dil~

lerent types ofconstmction. (e) basis if differentiation in percent

ages for ditlercnt typcs of construction, and ( f) amounts capital

ized for each overhead for the year fi)r which this rC'polt is sub

mitted.

2. In addition to other infimnation concerning engineering and

superintendence or other such overheads, explain whether the

amounts treated as overheads include all engineering and super

intendence costs or only such portions as are not directly charge

able to specific jobs.

3. For interest during construction state the interest rate used,

the basic charges to which applied, in addition to the amounts

capitalized lor the year for which this report is submitted.

ELECTRIC DISTRIBUTION METERS AND LINE TRANSFORMERS

I. Report below the infonnation called for concerning distri

bution watt-hour meters and transfonners.

2. Watt-hour demand distlibution meters should be included

below but external demand meters should not be in.;luded.

3. Show in a footnote the number of distribution watt-hour

meters or line transfonners held by the respondent under lease

from others, jointly owned with others, or held otherwise than

by reason of sole ownership by the respondent. If 500 or more

Number ofwalt-houf

Line

No.

1

2

3

4 5 6

7 8

9

10

II

12 13

14

15

16

Item

(a)

Number at beginning of year

Additions during year:

Purchases

Associated with utility plant acquired

Total additions

Reductions during year:

Retirements

Associated with utility plant sold

Total reductions

Number at end of year

In stock

l.ocked meters on customers' premises

Inactive transformers on system

In customers' usc

In company's use

Total end of year (as above)

meters

(b) -6,697

167

167

19

19 6,845 1,613

5,225 7

6,845

meters or line transfonners are held under a lease, give name of

lessor, date and period of lease and annual rent If 500 or more

meters or line transfonners are held other than by reason of sole

ownership or lease, give name of co-owner or other party, ex

plain basis of accounting for expenses between the parties, and

state amounts and accounts affected in respondent's books of

account Specify in each case whether lessor, co-owner or other

party is an associate company.

l.lNE TRANSFORMERS

Number Total capacity (kva)

(c) ( d)

6,945 147,609

72 2,040

72 2,040

38 1,482

38 1,482 6,979 148,168

680 12,400

265 4,205 6,002 132,879

32 6,979 149,484

~------------------------------------------------------------------------------------~

VERIFICATION

of

any person to UU1UU.U"" .... 1 an by

OATH

State Mexico

ss:

)ece:mber 31,

Subscribed and sworn to me, a Public in and for the State and above

named, this 1 day 3.

15.

Box ~"UHU"', NM 88031

Phone Number: 546-8838

Person

Customer Class

Number of Customers

KWH

Gross Revenues

Av 1) **

Annual Bill per **

per Customer ** 83 595 678

Gross Revenue per KWH sold ** 0.1506 0.1254 0.13191

.LJH.""''''JLL'' for the of (3), (4):

Divide KWH sales by number of customers.

revenues number customers.

(2) 12 months.

(4) gross revenues by KWH sales.

According to the- Paperwork Reduction Act of 1995, an agency may not 20nduct or sponsor, and a person is not required to respond to. a collection of information unless it displays a valid O:vfB

control number. The valid OMB control number for this information collection is 0572·0032. The time required to complete this infonnation collection is estimated to average 15 hours per response. including the time for reviewing ; searching existing data sources, gathering and maintaining the data n~eded. and completing and reviewing the collection ofinfonnatlon.

UNITED STATES DEPARTMENT OF AGRICULTLRE BORROWER DES IGN A TION RURAL llTlLlTlES SERVICE Nr~0025

FINANCIAL AND OPERATING REPORT PERIOD ENDED December, 2012

ELECTRIC DISTRIBUTION BORROWER NAME - Columbt:s Electric Cooperative, Inc. INS TRUCTIONS . See help in the online application. -Thi" infonnation is analyzed and used to detennine the subminer's fmancw! situation and feasibility for loans and guarantees. You are required by contract and applicable regulations to provide the infollllation. The infollllation provided is subject to the Freedom of Infonnation Act (5 USc. 552)

CERTIFICATION

-We recognize that statements contained herein concern a maHer within the jurisdiction of an agency of the United States and ora

false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code 1001. '':''. ~ -..

We hereby certifY that the en1.rie; in this report are in accordance with the accounts and other records .. , - .-

ofthe system and reneet the status of the system to the best of our knowledge and belief. ~ -- '. c ..

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER x\11, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES DURING THE PERIOD COVEREU-" -

.-

BY THIS REI'ORT PIJRSUANT TO PART 1718 OF 7 CFR CHAPTER XVII -' .,;

(check one of the folio wing) --c::, '-)

~--

All of the obligations under the RUS loan documents There has been a default in the fulfillment of the ohii90t;ons have been fulfilled in all matetial respe,:ts. under the R US loan documents. Said default(s)' ~2m-;

specifically described in Part D of this report.

-DATE

r--' -PART A. STATEMEJI.'T OF OPERATIONS

r--' -YEAR-TO-DATE

ITEM LAST YEAR THIS YEAR BUDGET THIS MONTH

f--- - (a) (b) (c) (d)

I. Operating Revenue and Patronage Capital 12,625,334 13,430,945 12,649,710 760,648

2. Power Production Expense

3. Cost of Purchased Power 7,320,146 8,042,211 7,234,926 416,326

r--- .. I Expense -

4. TransImsslOn 19,372 18,546 20,581 826

E~ -

~ -nstribution Expense· Maintenance 3 -. Customer Accounts Expense 648,121 52,

Customer Service and Informational Expense 71,118 139,618 (5, -~'A<lministrative and General Expense

-1,266,339 1,190,071 1,338,768 96,255

12. Total{)pprotinn & Maintenance Expense (2 thrll 11) 10,414,078 11,185,029 10,703,407 665,746

13. I '~j"~~""'V" and Amortization Expense 1,118,614 1,164,555 1,166,052 97,668

14. Tax Expense· PropeJty & Gross Receipts

15. Tax Expense - Other

16. Interest on Long· Term Debt 521,970 544,675 557,006 44,821

17. Interest Charged to Construction Credit

18. interest Expense - Other 16,281 5,790 21,629 532

19. Olher Deductions 23,845 19,654 -20. Total Cost of Electric Service (12 thru 19) 12,070,943 12,923,894 12,448,094 828,421

21. Patronage Capital & uperaung Margins (l minus 20} 554,391 507,051 201,616 (67,773)

22. Non ODeratin~ Margins· Interest 19,495 25,991 21,336 2,435 )' -~. Allowance for Funds Used During Constmction

24. ln~ome (Loss) fhJlll Equity Investments

25. Non Operating Margins. Other (3,443 ) 34,772

26. Generntion and Transmission Capital Credits 507,855 397,893 397,

27. Other Capital Credits and Patronage Dividends 28,548 26,135

28 b,uau,di,,,u Items

29. Patronage Capital or Margins (21 thrll 28) 1,106,846 991,842 222,952 335

RUS Fmanclal and Operating Report ElectriC DJstnlmtlOn Revision Date 2010

I

-l;1\rIED STATES DEPARTME;\T OF AGRICULTURE BORROWER DESIGNATION

RL:RAL t:TlLITIES SERVICE NMOO25

FINANCIAL AND OPERATING REPORT

ELECTRJC DISTRIBUTION PERIOD ENDED -

December! 2012 INSTRUCTIONS - See help in the online application.

f--- -PART B. DATA ON TRANSMISSION AND DISTRIBUTION PLANT

f--. YEAR-TO-I~TE VEAR-TO-DATE

ITEM LAST YEAR TillS YEI\R ITEM LASTYL\R TlnSYEAR

(a) .(hL (a) (b)

I l\cw Services Connected 61 80 5. Miles T ranSrnISSlOn 130.00 13 0.00 '--- -

2. Services Retired 6. Miles Distribution -

1,877.46 1,885.27 18 26 Overhead -- -

3. Total Services in Place 7,227 7,321 7. Miles Distribution -

82.21 Underground

80.41

-4. Idle Services 8. Total Miles Energized

2,097.48 (Exclude Seasonals)

2,025 2,096 (5 + 6 + 7)

2,087.87

-- -PART C. BALANCE SHEET

ASSETS AND OTHER DEBITS LIABILITIES AND OTHER CHEDITS

1 Total Utility Plant in Service 11JS 0

I±~;;ss ital 9,875,483 -32. Operating Mar"ins - Prior Years (386,517) -

4. ACCUITI. ProviSIon for Depreciation and Amort. 33. Operating Margins - ('un-ent Year 904,943

5. Net Utility Plant (3 - 4) 23,57 34. Non-Operating Margins 86,898

6. Non-Utility Property (Net) 35. Other Mar ins and Equities 0

7 Investments in Subsidiary Companies ns & Equities (30 111m 35) 10,480,807

8. Invest. in Assoc. Org. - n"" VIl<ll'C Capita1 enn Dcbt - RUS (Net) 7,827,317

9. Invest. in Assoc. Org .. Other· General Funds cbt - FFB - RUS Guaranteed 6,114,634

10. Invest in Assoc. Org. -O.ther- II Funds L ,na.Tpn11 nebt - Other - RUS Guaranteed 0

II Investments 111 tc. Dv • Projects 0 40. Long-Tenn Debt Other (Net) 9 12. Other 0 41. Long-Tenn Debt - R US - Econ. DeveL (Netl

13. Special Funds 0 42. Payments - Unapplied 0

Total Other Property & Investments 3,355,351 43. Total Long-Term Debt :'8,197,107

(6 film 13) (37 film 41 - 42)

IS. f ash GeneraIF unds 663,899 44. Obligations Under Capital Leases - Noncurrent 0

Cash - Construction Funds· Trustee a 45. Accumulated Operatlll, Provisions and Asset Retirement ('lh1,oo,;,,",

17. Special Deposits 0 46. Total Other Noncurrent Liabilities (44 + 45)

18. Temporar '" 701,000 47. Notes Payable

19. Notes Receivable (Net) 0 48. Accounts Payable

20. Accounts Receivable - Sal~s of Energy (Net) 732,667 263,393

21. Accounts Receivable - Other (Net) 49. Consumers Deposits

0

22 Renew"hl" Energy Credits 0 50. CUtTent Maturities Long-Tenn Debt 705,000

Materials and Supplies - ElectIic & Ot11cr 433,250 51. Cun-ent Maturities Long-Ter1ll Debt

- Economic Development 0

24. D. 169,537 52. Current MatuIities Capital Leases 0

25. Other CutTent and Accrued Assets 7,430 53. Other Cun-ent and Accrued Liabilities 393,398

Total Current and Accmed Assets 2,707,783 54. Total Currcnt & Accmcd Liabilities 1 / 910/856

0511m125) (471hru 53)

27. Regulatory Assets 559,858 55. RegulatOlY Liabilities 0

2E. Other DeferTed Debits 816,595 56. Other Defen-cd Credits 241,655

Total Assets and Other Debits 31,017,580 57.

Total Liahilities and Other Credits 31,017,580 (5+]4+26 t"l'l/ 28) (36 + 43 + 46 + 54 tllm 56)

RUS Financial and Operating Report Electric Distribution Revision Date 2010

UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE

FINANCIAL AND OPERATING REPORT ELECTRIC DISTRIBUTIOl'i

INSTRUCTIONS - See help in the online application

RlJS Financial and Operating RepOll Electric Distribution

BORRo\VER DESIGNATION

NM0025

NDED December, 2012

Revision Date 2010

UN ITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE


RUS Financial and Operating Report Electric Distribution

BORROVv'ER DESIGNA nON

NM0025

PERIOD ENDED December, 2012

TO FINANCIAL STATEJ\lENTS

Revision Date 20 I 0

UNITED STATES DEPARTMENT OF AGRICULTURlO BORROWER DESIGNATION RURAL UTILITIES SERVICE

HNANf~=~.;m~ gr:T~1t~W~lPORT NMOO25

I'lSTRlJCTlONS - See help in the online application. PERIOD ENDED December, 2012

PART D. CERTIFICATION LOAN DEFAULT NOTES


,..--- -L~ITED STATES DEPARTMENT OF AGRIClJLTl'RE BORRo\VER DESIGNATION

RURAL enLiTlES SERVICE NMOO25

FINANCIAL AND OPERATl:'\iG REPORT

ELECTRIC D1STRlBllTIOI\ I DED

December, 2012 _. -INSTRUCTIONS· See help in the online application.

PART E. CHANGES IN UTILITY PLAl\;T -' BALA"ICE ADJUSTMENTS Ar-m BALA ~~ PLANT ITEM BEGINNING OF YEAR ADDlTlOl\'S RETIREMENTS TRANSFERS END OF YEAR

(II) (6) (el (d) (el -l. Di"tribution Plilllt 33 892,944 1,234,999 902,884 33,425,059

", GC':leral Plant 2,468,509 161,540 287,021 2,343,028 =:.:.-- -3. Headquarters Plant 1,015,250 92,320 1,107,570 -- -4. Intmgiblcs 4:1 411 1--' -:;. '," ransmission Plant 1,466,238 37,398 4,728 1,498,908 -6. Regional Transmission and Market

ODeration Plant -7. All Other Utility Plant 0 a 1---R. Total Utility Plant in Service (J IiiI'll 7) 38,043,352 1,526,257 1,194,633 38,374,976 -9. COtlstlUction Work in Progress 38:",358 134,083 ."" 515/44: 1--- -10. Total Utility Plant (8..- 9) 38,424,7:0 1,660,340 ::',194,633 38,890,417 -

PART F.l\1ATERIALS AND SUPPLIES --BAL~'CE ~ BALANCE

ITEM BEGINNING OF YEAR PURCIl ASED SAL V AGED 1 USED (NED I SOLD ADJUSTMENT END OF YEAR

(a) (el (el ~)~ I Electric 491,833 13,270 1,762

2. Other a PART G. SERVICE INTERRUPTIONS

AVERAGE MII'>UTES PER CONSUMER BY CAUSE ITEM POWER SlJPPLIER IA'IO~~EVENT PLANNEI) TOTAL

1---(a) (0) (e) (d) (e)

I. Pn,sent Year 0.000 :.3.800 0.000 178.200 192.000 f--- -2. Five-Year Average 8.400 72.000 0.000 153.600 234 000 1--- - -

PART H. EMPLOYEE-HOUR AND PAYROLL STATISTICS

I Number of Full Time El',f:"vycco 27 4. PayToli - Expensed 954,816

2. Employee· Hours Worked· Regular Time 49,189 5. PayToil Capitalized 590,977

3. Lmployee Hours Worked· Overtime 1,198 6. Payroll" Other 226,332

PART I. PATRONAGE CAPITAL -- -ITEM DESCRIPTIO;'ll TillS YEAR ClJMULATl\"[

-- - (a) (bJ I. Capital Credit, - Distributions a. General Retirements 0 281,729 -

b. Special Retirelll.:-nts 0 0

c. Total Hctirements (a + h) 0 281,729 1----2. Capital Credits - Received a. Cash ReceIved Fro111 Retirement of Patronage Capital by .;

Suppliers of Electric Power 0

b. Cash Rece; "cd Fwm Retirement of Patronage Capital by 4,533

Lenders fOJ Cn'di! Exrended 10 the Electric System

Total Cash !leeehed (a + h)

PART ,I. DUE FROl\l CONSUMERS FOR ELECTRIC SERVICE

:1 I\mount Due Over 60 Days Is 23,7:'6 12. Amount Written OtTDming Year $ 26,227 -RtJS Financial and Operating Hepor! Electric Distrihution He"ision Datc 20 J 0

UNITED STATES DEPARTMENT OF BORROWER DESIGNATION RURAL lJTILlTlES

FINANCIAL AND OPERATING REPORT f','M0025

ELECTRIC DISTRIBUTION

111' • See he Ip in the online app lication I PERIOD ENDED December, 2012

PART K. kWh PURCHASED AND TOTAL COST

INo ITEM SUPPLIER RENEWABLE RE"iEWABLE kWh TOTAL AVERAGE INCLUDED IN INCLUDED IN CODE ENERGY I,'UEL PURCHASED COST COST TOTAL COST- TOTAL COST -

PROGRAM TYPE (Cents/kWh) FUEL COST WHEELING NAME ADJUSTMENT AND OTHER

CHARGES (a) (b) (e) (d) (e) (f) (2) (h) (i) -

I Tri,State G & T 30151 112,936,602 8,042,153 7.12 Assn, Inc ((00047) .

2 'Miscellaneous 700000 1,830 58 3.17 -Total 112,938,432 8.042,211 7.12 -

nus Financial and Operating Report Electric Distribution Revision Date 2010

UNlfED STATES DEPARTMENT OF AGRICULTURE BORRo\VER DESIGNATION RURAL UTILITIES SERVICE

FINANCIAL AND OPERATING REPORT NMOO25



PART K, kWh PURCHASED AND TOTAL COST

No I Comments

r=it


UNITED STATES DEPARTMENT OF AGRICULTURE BORRO\V'ER DESIGNATION RURAL UTILITIES SERVICE

FINANCIAL AND OPERATING REPORT NMOO25

. ELECTRIC DI~ . KJ In 1'1

IINSTRUCTIO - See help in the online application. I PERIOD ENDED December, 2012

PART L. LONG-TERl\1 LEASES

'I,ESSOR TYPE OF PROPERTY RENTAL THIS 'r'EAR Cal (b) (e)

iTOTAl

FtUS Financial and Operating Report Electric Distribution Revision Date 2010

U~ITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITrES SERVICE

Fl!'lANCIAL A!'ID OPERATING REPORT ELECTRJC DlSTRIBVTI ON

in the online

I' ART M. ANNUAL MEETING AND BOARD DATA r-----------------------~------Date of Last Annual Meeting

3/24/2012

2. Total Number of Members

3,123

Number of Members Voting by Proxy or Mail

6. Total NUllber of Board Members

4 9

RVS Financial and Operating Report Electric Distribution

3. Number of?>1embers Present at Meeting

178

7. Total Amount of Fees and Expenses

lor Board Members

$ 205,855

4. Was Quorum Present0

y

8. Does Manager Have Writll"ll Contract'

N

Revision Dale 2010

UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATION RURAL UTILITIES SERVICE

FINANCIAL AND OPERATING REPORT I'iMOO25

ELECTRIC Db KIHl IN

I INSTRUCTIONS - See help in the online application. I PERIOD ENDED December, 2012

PART N. LONG-TERM DEBT AND DEBT SERVICE REOUIREMENTS

No ITEM BALANCE E~D OF INTEREST PRINCIPAL TOTAL YEAR (Billed This Year) (Billed This Year) (Billed This Year)

(a) (b) (e) (d)

I Rural Utilities Service (Excludes RUS - 7,827,317 188,532 468,130 656,662 Economic Development Loans)

2 National Rural Utilities Cooperative Finance 1,352,683 102,898 39,470 142,368 Corporation ·

3 CoBank. ACB 2,902.473 44,766 197,783 242.549

4 Federal Financing Bank 6,114,634 195,544 109,603 305,147 · 5 RUS - Economic Development Loans · 6 Payments Unapplied ·

TOTAL 18,197,107 531,740 814,986 1,346,726

nus Financial and Operating Report Electric Distribution Revision Date 2010

U1'>lfED STATES DEPARTMENT OF AGRICl'I.TURE RURAL L'TILITIES SERVICE



CLASSIFICATION

1. Residential Sales (excluding

seasonal)

2. Residential Sales - Seasonal

3. iniga/ion Suies

4. Comm. and Ind. 1000 KV A or Less

5. Comm. and Ind. Over 1000 KVA

6. Public Street & Highway Lighting

,. Other Sales to Public Authorities

8. Sales for Resale - RUS BOlTowers

9. Sales for Resale - Other

10.

JI.

PART O.I'OWER

a. No. Consumers Served

b. kWh Sold

c. Revenue


b. k\\11 Sold

c. Revenu:


b. kWh ~,old

c. Revenue

b. kWh Sold

c. Revenue

a. No. C:nsumcrs Serve

b. k\Vh Sold

c. Revenue

a. l"o. Consumers Served

b. kWh Sold

c. Reverue

a. No. Cc'nsumers Served

b. k\Vh Sold

c. Revenue


h. k\'11 Sold

12. Total Revenue Received From Sales of

16. Total kWh Purchased

17. Total k\y11 Generated

18. Cost of Purchases and Generation

19. -k\y~-Ncl

20. Peak - Sum All kW Input (Metered)

RUS Financial and Operating Report Electric Distrihution

BORROWER DESIGNATION NM0025

PERIOD ENDED December, 2Q12

DATABASE - ANNUAL SUMMARY

DECEMBER (a)

AVERAGE NO. CONSUMERS SERVED

(b)

TOTAL YEAR TO DATE

(c)

27,485

112,938,432

8,060,757

24/990

Revision Date 2010

· UN ITED STA TES DEPARTMENT OF AGR ICUL TURE BORRO'W'ER DESIGNATION Rt:RAL UTILITIES SERVICE NMOO25

FINANCIAL AND OPERATING REPORT ELECTRIC DISTRIBUTION PERIOD ENDED

December, -- - 2012 INSTRUCTIONS - See he

PART P. ENERGY EFFICIENCY PROGRAMS -- ADDED THIS YEAR TOTAl, TO DATE

CLASSIFlCATlOl'< No_ of Amount Estimated No. of Amount Estimated

Consumers Invested MMBTlJ Savings Consumers Invested MMBTU Savings (a) (b) (e) (d) (e) (f)

L Residential Sales (excluding seasonal) 79 5,775 66 138 14,450 159 · 2. Residential Sales - Seasonal

1--" -3. Irrigation Sales 2 2,550 20 5 7,438 55 -4. C omm. and Ind. 1000 KV A or Less

· 5. Comm. and Ind. Over 1000 KVA

1--' -6. Public Street and Highway Lighting

~- Other Sales to Public Authorities -

1--- -8. Sales for Resale -- RUS Borrowers

1--- " -9. ~,ales for Resale .. Other

1--- · j(), Total El 8,325 86 143 21,888 214

1--- -RUS Financial and Operating Report Electric Distribution Revision Date 2010

· UNITED STATES DEPARTMENT OF AGRICULTURE BORROWER DESIGNATION

RURAL UTILITIES SER"v'ICE NM0025

FINANCIAL AND OPERATING RI:PORT PERIOD ENDED ELECTRIC DISTRIBUTION December, 2012 INVESTMENTS, LOAN GUARANTEES AND LOANS

INSTRUCTIONS - of investments is required 7 CFl{ Subpart N. Investment;:a'~1b';'."o reported on this Part correspond to Balance Sheet items in Part I c. l?entJ/y all investments in Development with an in column Both 'Included' and Investments must be reported. See help in the online

PARTQ. SECTIOr~ 1. INVESTMENTS (See Instructions for definitions of Income or Loss)

No DESCRIPTION INCLUDED EXCLUDED INCOME OR LOSS RURAL

?~) DEVELOPMENT (a) (b) (cl d) (e) -

2 I nvestments in Associated Organizations -TRI-STATF PATRONAGE CAPITAL 2,871,98\

NRUCFC PATRONAGE CAPITAL 68,002 4,533 -NRUCFC eTCS 315,140 121 -VALLEY TELEPHONE PATRONAGE C APIT At 7,653 573 WUESC PATRONAGE C APfT AL 13.892 508 -NISC PA TRONAGE eAPlT AL 6,302 631

FEDERATED INSURANCE PATRONAGE CAPITAL 62,495 2.562

CFe MEMBERSHIP 1,000 -TRI-STATE MEMBERSHIP 5 -NMRECA EQUITY CONTRIBUTION -- 4,652

BASIN ELECTRIC MEMBERSHIP 100 -TOUCHSTONE ENERGY INVESTMENT 3, X -NISC MEMBERSHIP

COBANK EQUITY INVESTMENT \,

NMRECA MEMBERSHIP :-

~ Totals 9, 3,345,465

6 Cash - General

1- flRST NEW MEXICO BANK 663,899

Totals 663,899

8 Temporarv Investments

NRUCFC MEDIUM TERM NOTE 701,000

Totals 701.000

II TOTAL INVESTMENTS (\ thru 10) 673,784 4,046,465 8,928

RUS Financial and Operating Report Electric Distribution - lnycslrncnls Re,ision Date 20 J 0


FINANCIAL AND OPERATING RI:PORT ELECTRIC D1STRlBUTlm,

ll"lVESTMENTS, LOAN GUA~l'ln=ES AND LOANS

BORROWER DESIGNATION N\10025


reported on this Part CorTCSPOlld to Balance Sheet items in Part ''''v,rl''''~n' Investments must be See help in the online

PART . SECTlON n. LOAN GUAR4.NTEES

:\1ATURlTY DATE ORlGINAL AMOVNT

(b)

RlJS Financial and Operating Report Electric Distribution - Loan Guarantees

LOA."I BALANCE RURAL DEVELOPMEl'Io'T

e)

Revision Date 2()HI


FINANCIAL AND OPERATING RE:PORT ELECTRIC DISTRIBUTION

INVESTMENTS, LOAN GUARANTEES AND LOANS

BORROWER DESIGNATION NM0025


N. Investment categories reported on this 'Included' and 'Excluded' Investments must

IlL RATIO

SECTION IV. LOANS

ORGANIZATION RITY DATE ORIGINAL AMOUNT ($)

LOAN BALANCE

(a) (b) (e)

I Em lovees, Officers, Directors

2 Resources Conservation Loans

TOTAL

RUS Financial and Operating Report Electric Distribution - Loans

1.73 %

RURAL DEVELOPMENT

e

Revision Date 20 I 0

.,

.1

.,

.,

.,

.,

.,

.,

FINANCIAL

FOR THE ENDED 31, AND 2011

REPORT OF CERTIFIED PUBLIC ACCOUNTANTS

CERTIFIED PUBLIC ACCOUNTANTS

LI'HHf)('I(, TEXAS

-, c-:-·

....

....

""'.

""'.

""'. NEW

... '

.' WITH

THE YEARS ENDED 31, 2 2011 ...

AND -OF CERTIFIED

...

-

...

-

.....

"' ..

FOR 'THE YEARS ENDED JULY 31,2012 AND 2011

'11"

.. ,

-

••

.. '

.... '

.....

.,

.'

.'

.'

...

...

..

...

-..

..

..

NGE1~,

I:ERTIFIED PUBLIC ACCCUNTANTIII

PHONE. I!!ICSI 747-3111015

FAX. (!!ICS) '74'7-::U!ll 5

I!!IIZ 1 !IS NAIIIIHVILLE AVENUe::

Ll'BlHH'K, TEXAi-i 7IJ42:l-1!},,4

INDEPENDENT

We conducted our audits in accordance standards

the

years (,,,,on,!,,,"; in the United States of America.

dated October 15, control over financial

contracts and is to describe the scope of our toc,tin,n

of and not to

Public

15, 2

-1-

""'.

-2-

COLUMBUS ELECTRIC COOPERATIVE, INC . .... Exhibit A BALANCE SHEET

JULY 31,2012 AND 2011

<III' ASSETS

... UTILITY PLANT AT COST

Electric Plant in Service $ 37,638,768 $ 36,498,341 Construction Work in Progress

$ $ OIl' Less: Accumulated Provision for Depreciation

$ $

OTHER PROPERTY AND INVESTMENTS - AT COST OR STATED VALUE .' Investments in Associated Organizations $ $

CURRENT ASSETS Cash General $ 141,144 $ 138,476 .' Temporary Cash Investments 1,401,000 500,000 Accounts Receivable (Less allowanc~~ for uncollectibles of $58,467 in 2012 and $71,633 in 2011) 1,417,787 1,301,293 Materials and Supplies at Average Cost 403,723 389,623 Power Cost and Debt Cost Adjustments Under Billed 443,656 389,362 .' Other Current and Accrued Assets

$ $

DEFERRED CHARGES - Regulatory Assets $ 585,195 $ 643,795 Other

$ $

- TOTAL ASSETS $ $

EQUITIES AND LIABILITIES

- EQUITIES Patronage Capital $ 9,985,134 $ 9,007,159 Other Equities - Deficit

$ $ - LONG-TERM DEBT RUS Mortgage Notes Less Current Maturities $ 8,284,412 $ 11,732,548 FFB Mortgage Notes Less Current Maturities 6,067,555 4,686,786 CFC Mortgage Notes Less Current Maturities 1,369,778 1,410,834 - CoBank Mortgage Notes Less Current Maturities

$ $

ACCUMULATED PROVISION FOR PENSIONS AND BENEFITS - Post-Retirement Benefits $ $

CURRENT LIABILITIES Current Maturities of Long-Term Debt $ 821,000 $ 705,000 - Line of Credit 823,664 Accounts Payable - Purchased Power 952,765 852,382 Accounts Payable - Other 86,089 74,522 Consumers' Deposits and Prepayments 468,004 284,432 Accrued Taxes 235,519 214,460 - Accrued Interest 25,655 24,151 Accrued Employee Compensated Absences 249,228 346,338 Other Current and Accrued Liabiiilies

$ $ - DEFERRED CREDITS $ $

TOTAL EQUITIES AND LIABILITIES $ - See accompanying notes to financial statements.

-

.....

....

... ,

., "III'

.... '

.'

.'

.' -----.. ---

-3-COLUMBUS ELECTRIC COOPERATIVE, INC .

STATEMENT OF INCOME AND PATRONAGE CAPITAL FOR THE YEARS ENDED JULY 31,2012 AND 2011

OPERATING REVENUES Residential $ 4,043,030 30.9 $ 3,906,534 Irrigation 5,453,135 41.6 4,651,719 Commercial and Industrial 3,497,073 26.7 3,356,799 Public Buildings and Other Authorities 21,032 0.2 20,899 Under Billed Power Cost 54,293 0.4 47,918 Other Operating Revenues

Total Revenues $ $

OPERATING EXPENSES Purchased Power $ 7,760,428 59.3 $ 7,041,313 Transmission Expense 17,752 0.1 19,561 Distribution - Operation 931,410 7.1 744,997 Distribution - Maintenance 323,267 2.5 321,968 Customer Accounts 616,794 4.7 596,210 Customer Service and Information 109,672 0.8 149,326 Administrative and General 1,202,497 9.2 1,279,856 Depreciation and Amortization 1,156,321 8.8 1,091,622 Other Interest 7,516 0.1 35,524 Other Deductions (Income)

Total Operating Expenses $

OPERATING MARGINS - BEFORE FIXED CHARGES $ 1,000,247 7.6 $ 716,531

FIXED CHARGES Interest on Long-Term Debt 4.3

OPERATING MARGINS - AFTER FIXED CHARGES $ 434,813 3.3 $ 265,758

CAPITAL CREDITS G&T Capital Credits $ 507,855 3.9 $ 509,622 Other Capital Credits

$

NET OPERATING MARGINS $ 971,791 7.4 $ 811,566

NON-OPERATING MARGINS Interest Income

NET MARGINS $ 994,028 $ 831,809

PATRONAGE CAPITAL - BEGINNING OF YEAR 9,007,159 8,309,601

Patronage Capital Retired (113,581)

Transfer Calendar Year Non-Operating Margins to Other Equities

PATRONAGE CAPITAL - END OF YEAR $

See accompanying notes to financial statements,

Exhibit B

Increase

32.6 $ 136,496 38.7 801,416 27.9 140,274

0.2 133 0.4 6,375

58.6 $ 719,115 0.2 (1,809) 6.2 186,413 2.7 1,299 5.0 20,584 1.2 (39,654)

10.7 (77.359) 9.1 64,699 0.3 (28,008)

5.9 $ 283,716

2.1 $ 169,055

4.2 $ (1,767)

6.6 $ 160,225

$

g,

-4-

... ' c

... ' FOR THE 1

..

.. -

••

...

1iIII • 1.

...

.. , lOll'

.t

----

-----

-5-

revenues earned ill excess of costs incurred are allocated to me,rn,.,,,,,

and are in the sheet.

considers

are at unit cost.

Electric Revenues

cost others

New

Uniform A

a of to

and

....

...

....

...

eo

... '

.'

...

-...

,.

,.

,.

---,.

-6-INC .

TO STATEMENTS

has delivered power for revenue amounted to

has as a tax Internal Revenue Code and files form 990 tax

or to be realized upon settlement with

files inc:ome tax returns in the U.S. Tor." .. "",

to tax

It is

interest accrued related to ror'nnni.,'orl tax benefits in interest were no or

are insured an agency

is amount

....

....

e.

e,

....

<II1II'

.'

. '

..

.. -.. -

--

-7-COLUMBUS ELECTRIC

TO FINANCIAL

revenues Actual results could differ from those estimates.

2. Assets

3 .

The classes of electric:

Plant Transmission Plant Distribution Plant General Plant

Total Electric Plant in Service Construction Work in

Total Electric Plant

are as follows:

2011

$ 411 $ 411

$ $

$====== $======

Provision of transmission and distribution at

General rates have been

Structures and Office Furniture and Fixtures

on a

and 2011, were

and are as follows:

2.94% 6.67% 5.00% - 20.00% 5.00% - 20.00% 5.00% - 10.00%

8.33% 4.76% - 10.00%

4.76% - 6.67%

"'.

-8-

....

....

"". 4. Investments in

in .. , 1

CFC .. ' $ $

.' Tri State

.' $======= $=======

5. Materials and

-- Materials and $

6. -Deferred consist of the

-2011

$ - Costs IVUE Conversion Four Year Work Plan 9,190 - Plan

Software Rate Restructure ...

$ 1 $

...

...

-

... -9-

ELECTRIC INC. ""0

....

....

. ' plus interest at 5.00%,

a 2, .. to be recovered from this allocation

The ",,,,,,,ram costs are over

- 7. Return of

-.. 31, :2012 and 2011 .

, 201 'I, no retirement was

8 . .. consists of the

-2011

- $

- Seven Montbs Ended 31 .. $======= 9 . ..

- deficit consist of the

.. Prior Years Deficit

-..

....

....

.' ••

10 . . ' .' •

...

..

.. •

- 11.

..

--.. ..


Fixed Rate Notes 2.000% 5.000% 4.250% to 4.750%

Variable Rate Notes -

Less: Current Maturities

2,

2013 2014 2015 2016 2017

Fixed Rate Notes 4.015% to 4.220% 2.93%

Variable Rate Note - 0.191 %

Less: Current IVIaturities

TO

0.250(;10

no

INC.

to

2012

$ $

$

$

amounts . As

$

319,000

to the United of at various times between

2012 2011

$ $

$ $

"'''

.,

.,

.'

.'

12. --.. ..

..

..

-

..

on

-11-COLUMBUS ELECTRIC INC.

unadvanced loan FFB.

As of 31, 2012, annual maturities debt due FFB for the next years are as

2013 2014 2015 2016 2017

Notes - CFC

is a summary 2038:

7.45% Note


interest on notes are As of 31, 201.2, annual maturities of

3 4 5 6 7

$

at

2012

$

$ 1

$ 1

$

106,000 1 112,000 11 11

times 8

2011

$

$

$========= in amounts

for the next five years are

.. "

....

...

... 13.

<II.

... ,

<III

..

.. -

..

nn''''_T~, .. m debt due CoBank is .. ~r ... ~<:p a 1

Fixed Rate Note 2.920%


31,

and interest installments on

2013 2014 2015 2016 2017

due

no <:>nnr",,,/c,n

above note are due for next

note. The

$

$========

$

$

note debt

$====0=

31, 2012, annual

....

....

.,

., 16 .

.. '

.'

.. 17. Rate Matters

- The rates

- 18.

- statements.

-1 -

-

-

-

in effect for the

and

-1 ELECTRIC coOP

TO FINANCIAL

Events

INC .

the New Mexico Public

a on

events 15, 2, the

"".

... ,

....

....

.. '

.. '

.....

....

...

...

...

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--

-14-

NOTES TO

average discount rate used to The assumed rate was to an in 2

31,2012 and 2011, statements and

I)

$---,--- $ __ 1-,--_

$==1=== $==1=== II)

$

$ ======== $======== 2. or

amounts are included in the calculation of the 1f'l<>lC1f'l n at 31,2012.

Estimated future benefit the next years and five years are as

2013 2014 2015 2016

7 2018··2022

$

1

...

....

....

••

-

....

....

....

....

....

•• C~:RTi"iI!!:D PUBLiC ACCCUNTANT •

PHONE. IlIItlSI 747-3906

!'"AX, (!!I061 747-31111 !!Ii

e21!!5 NAIIIIIHVH.L.E AVENUE ... Lnmo('I{, 'l'EXAH 7!142:l-1":'i4

OIl •

....

... , statements

Inc., as of and for the years 31,2012 and 2011, and our thereon dated October 15, 2012, which aVln .. " .. "

statements taken as a whole. The ... ,

... '

.'

., accordance with

is .' material reSioeCTS n<::lln,...,'"" statements taken as a

.... '

.' October 15, 2012

.' -15-

....

....

·, ., ... '

.,

.'

..

.....

•

-

-

-

-


ELECTRIC PLANT

INC .

FOR THE YEAR ENDED JULY 31, 2012

Balance 1

CLASSIFIED ELECTRIC PLANT IN SERVICE

411

Transmission Plant Land and Land $ $ Roads and Trails Poles, Towers, and Fixtures Overhead Conductors and Devices

$

Distribution Plant $ 38,316 $

1,133,054 Poles, Towers, and Fixtures 10,435,375 408,775 Overhead Conductors and Deviws 1

Conductors and Dovices Line Transformers 6,118,408 292,444 Services 9 Metors 1,838,502 Installations on Consumers' Premises

General Plant Land and Land $ 21 $

995,483

1,461,180 83,752 14,831 99,661

1 154,213

Total Classified Electric Plant in Service $ $ 2,255,985

Construction Work in

Total Utility Plant

Schedule 1

Balance

$

$ $

$ $ 38,316 3,1

95,553 10,748,597

48,896 7,379

$

$ $ 21 2,181 993,302

06 409,340 114,814 1,430,118

14,831 99,661

1 114,046 40,167

$

$ 1,115,558 $

$ $

...

....

....

...

G'

...

••

.' •

.-

---.. .. ..

-17-COLUMBUS ELECTRIC INC .

FOR THE YEAR ENDED JULY 31, 2012

Balance

Transmission Plant $ $ $

Distribution Plant $ 11 37 $ $

General Plant Structures and $ 612,070 $ 31,164 $ Office Furniture and Fixtures

12,067

$ $ $

Total Classified Electric Plant in Service $ $ $

Retirement Work in

Total $ $ $

(1)

(1) to $ Charged to Clearing and Other Accounts

$

Cost of Units Retired $ Net book Value of Substation Sold Cost of Removal Less and Other Credits

Loss Due to Retirement $

Schedule 2

Balance

$

$

207 $

12,713

$

$ 36

(2)

....

-18-

.... 3

....

.. ,

.... ' CFC $ 1,000 $ CoBank 1,000

..... Other 220 220

Inc. .... ' NISC 3,163 789 CFC Federated .. ' Touchstone Inc. 3,013 Western United 10,781 Tri State Electric Inc.

• Contribution NMRECA

Term Certificates CFC 31 140 31

Total Investments in Associated $ $ -.. --

-

--

... ,

....

....

. , Year .. , 1971 $ $

1973 ., 1974

1975

1976 ., 1977

1978

1979 ., 1980

1989

1990 ., 1991

1992

.' 1993

1995

1996

.' 1997

1998

1999 .' 2000

2001

2002 .' 2003

2004

2005 .. 2006

2007 .. 2008

2009

2010 .. 2011

2012 7

Over .. $ S

..

..

-19-

P.ATRONAGE CAPITAL JULY 31,2012

$ 20,263 $

113,582

1

214,708

418,181

124,846

175,099

1

461

423,268

313,408

361

241,300

219,789

11

443,950

$ $

63,890

509,622

Schedule 4

Retired Balance

$ 20,263 $ 0

0

214,708

418,181

124,846

1

1

461

313,408

361

241

11

7

953,572

1

$ $

--•

....

- Schedule 6

... 1

... Increase

... Administrative and General Salari,:!s $ 51 $ $ -, Office and 51,120

Outside Services "".

Directors' Fees and 3,154

Annual 9

Institutional and Goodwill 7

.... Dues to Associated 325

Miscellaneous General .. Commission Related

75 -Maintenance of General Plant

Total $ $ $ --

--

....

-22-COLUMBUS ELECTRIC COOPERATIVE, INC . ....

Schedule 7 FIVE YEAR COMPARATIVE DATA

•• OPERATING REVENUE Residential $ 4,043,030 $ 3,906,534 $ 3,849,874 $ 3,464,020 $ 3,513,142

5,453,135 4,651,719 4,055,851 3,928,256 4,170,405 Commercial and Industrial 3,497,073 3,356,799 3,161,671 3,022,449 2,954,288 ... Public Buildings and Other Authorities 21,032 20,899 26,771 16,170 16,138

Under Billed Power Cost 54,293 47,918 (34,706) 37,128 Other ., Revenue $ $ $ $ $

OPERATING EXPENSES Purchased Power $ 7,760,428 $ 7,041,313 $ 6,330,556 $ 5,967,553 $ 6,030,226 ., Transmission 17,752 19,561 17,255 15,997 21,135 Distribution - 931,410 744,997 641,906 757,584 606,281 Distribution - Maintenance 323,267 321,968 313,147 415,037 318,957 Customer Accounts 616,794 596,210 704,197 545,427 479,676 ., Customer Service and Information 109,672 149,326 1 147,429 157,975 Administrative and General 1,202,497 1,279,856 889,624 1,291,171 1,203,544

and Amortization 1,156,321 1,091,622 1 1,021,147 963,635

.' Other Interest 116,570 35,524 48,446 45,481 37,232 Other Deductions (Income)

Total $ $ $ $ $ ., OPERATING MARGINS - Before Fixed $ 891,193 $ 716,531 $ 977,997 $ 288,233 $ 889,191

FIXED CHARGES .' Interest on Debt 456,380

OPERATING MARGINS - After .' Fixed Charges $ $ $ $ $

CAPITAL CREDITS

G&T Credits $ $ $ 705,616 $ 750,995 $ Other

Credits $ $ $ $

NET OPERATING MARGINS $ 971,791 $ 811,566 $ 1,260,606 $ 512,490 $ 265,743 .. NON-OPERATING MARGINS

Interest Income

NET MARGINS $ $ $ $ $

Meters al End of Year 5,273 5,259 5,162 5,157 5,126 MWH Sales 98,869 91,354 85,729 79,907 86,663 Times Interest Earned Ratio 2.76 2.85 3.85 1.97 1.45 Debt Service 2.10 1.97 2.35 1.71 1.48

to Total Assets 30.48 28.14 27.69 24.31 23.84

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COMPLIANCE AND INTERNAL <III,

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Our

L\HS, ,CIERTIF'IED PUIIILIC ACCCOUNTANTIll

PHONE. (BOe) '74'7-3BOe

!'"AX, UIIOe) 74'7-311115

I!! 315 NA .. HV'LLE AVENUE

Ll'IlBOI'I{, 'T'EXAS 7!)42:~-1!);;4

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on over recommendations related to our audit have been

We

to:

of the internal control

OF THE INTERNAL

Columbus Electric to a

.. The

.. the process for distribution of these costs to

.. the materials control.

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AND

internal control over financial as

and overhead and the maintenance or other expense

to we

Reviewed written contracts are in

Noted the existence of written RUS and of each contract listed the borrower.

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amounts in 7 to Inc.'s

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.... .. The borrower and as of Decembm 31,

appears

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.... , In connection with our audit of the financial statements of Columbus Electric came to our attention that us to believe that Electric

to:

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.. The reconciliation of records to the ""'Mfr,'" accounts at 7

.... of construction accounts and the accrual of ,..14::>ln .. ",,-,, construction on ..

at 7 1

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.. or tr<:>n<>ta .. or

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.. rlrIrpC!<:!""rI at 7 . ,

.. The debits and .-.o·'o ... ·"'n

. , .. The investments .

Our audit was made . , whole .

., statements in our

statements taken as a whole .

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till,

Certified Public Accountants

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BOJ,INGEH, L.L.P. I:ERTIF'IED PUIIILIC ACCCIJNTANTIll

PHONE. (!!IC61 747-311106

F'AX, USOI!!II 747-3!!11 !I

821!5 NAIIHVILL£ AVENUIt

LnHlO('I{, TEXAS 7!)4:2:~-l!J:;4

Columbus Electric Inc. Mexico

We have audited the financial statements of Columbus Electric Inc. as of and for the year thereon dated October 15, 2012. We

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our we as a basis for our

but not for the

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or in the normal course of n""rrrorn"\ or detect and correct misstatements on a A rn-",tg";!:>i '''''''",'''".0,,, or combination internal such that there material misstatement of the financial statements will not be nr<~\I<'nTQn basis.

material

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October 15. 2012

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Documents

31, 12 - New Mexico Public Regulation Commission 573 Maintenance of miscellaneous transmission plant ... 52 932 Maintenance of general plant 98,517 11,866 ... COLUMBUS ELECTRIC