A Rural Electric Cooperative Providing Power to Southwest Colorado and Southeast Utah
Empire Electric Association, Inc.
Empire Electric Association, Inc.
It takes a lot of people to make a coop work!
 
 
EEA Annual Report
 
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  1. Annual Report to the Members:

    Balance Sheet



    Assets and liabilities balance sheet for Empire Electric Association, Inc.


    ASSETS 2005 2006*
    Utility Plant $52,372,113 $54,375,548
    Less: Reserve for Depreciation 20,348,372 21,478,399
    Net Utility Plant $32,023,741 32,897,149
    Cash on Hand 140,259 69,924
    Reserve Funds & Investments 23,838,937 27,752,804
    Accounts Receivable Net 2,568,132 2,453,534
    Material Inventory 374,712 571,191
    Prepayments & Other Assets 102,979 85,900
    TOTALS $59,048,760 $63,830,502


    LIABILITIES 2005 2006*
    Total Equities & Margins $27,485,155 $31,269,695
    Long-Term debt to RUS, CFC, FFB 24,940,961 24,925,811
    Noncurrent Liabilities 2,081,029 2,251, 569
    Accounts Payable 2,685,979 2,843,555
    Current & Accrued Liabilities 1,382,903 1,254,048
    Deferred Credits 472,732 1,285,823
    TOTALS $59,048,759 $63,830,502

    *UNAUDITED


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


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