Empire Electric Association, Inc. Annual Report to the Members - Income/Expense

A Rural Electric Cooperative Providing Power to Southwest Colorado and Southeast Utah

It takes a lot of people to make a coop work!

Annual Report to the Members:

Income and Expense Statement

Comparative income and comparative expense statements for Empire Electric Association, Inc.

COMPARATIVE INCOME STATEMENT	2005	2006*
Rural Residential Sales	$6,064,282	$6,697,493
Town Residential Sales	4,160,007	4,571,998
Irrigation Sales	131,896	162,007
Small Commercial	4,376,004	4,753,512
Large Commercial & Industrial	4,906,811	5,351,319
CO₂ Loads	13,914,321	15,035,878
Street Lighting	149,074	148,374
Total Sales of Electricity	$33,702,395	$36,720,581
Other Revenue	312,973	319,260
Total Revenue	$34,015,368	$37,039,841
Less Expenses	33,141,691	35,028,168
Operating Margins	$873,677	$2,011,674
Capital credits: Tri-State G & T Other Patronage	$2,382,913 $ 65,509	$2,291,074 $ 114,366
Interest income	285,459	354,201
Loss-Other Investments	(44,325)	0
Other Margins	(1,253,585)	74,662
TOTAL MARGINS	$2,309,648	$4,845,977

COMPARATIVE EXPENSE STATEMENT	2005	2006*
Purchased Power	$23,917,597	$25,792,711
Transmission Expense	287,850	286,860
Distribution Expense	2,775,928	2,619,616
Consumer Accounting Expense	973,429	987,686
Consumer Service & Informational	258,693	299,083
Administrative Expense	1,951,742	1,975,469
Depreciation	1,472,770	1,496,074
Interest Expense	1,519,149	1,563,127
Other Deductions	(15,467)	7,543
TOTAL EXPENSES	$33,141,691	$35,028,168

*UNAUDITED

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Empire Electric Association, Inc. 801 N. Broadway, P.O. Drawer K, Cortez, CO 81321