Empire Electric Association, Inc. Annual Report to the Members

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