Balance Sheets December 31, 2018 And 2017

Posted: March 11, 2019

Balance Sheets
December 31, 2018 And 2017
Suwannee Valley Electric Cooperative, Inc. – Live Oak, Florida

Assets

2018 2017
Utility Plant $154,318,527 $146,672,117
Construction Work in Process $1,503,325 $2,300,108
$155,821,852 $148,972,225
(Accumulated Provision for Depreciation) ($48,552,729) ($45,579,103)
Total Utility Plant $107,269,123 $103,393,122
Other Property and Investments at Cost or Stated Value
Investments in Associated Organizations and Other funds $13,948,946 $12,629,568
Notes Receivable $0 $0
Total Other Property and Investments at Cost or Stated Value $13,948,946 $12,629,568
Current Assets
Cash – General $1,342,518 $2,062,233
Accounts Receivable $5,415,217 $4,294,669
Unbilled Revenues $1,301,998 $433,374
Materials and Supplies $802,158 $615,205
Other Current and Accrued Assets $260,744 $234,015
Total Current Assets $9,122,635 $7,639,496
Deferred Charges $1,206,760 $1,432,329
Total Assets $131,547,465 $125,094,516

 

Equities and Liabilities

2018 2017
Equities $97,075 $95,385
Patronage Capital $56,815,346 $54,262,952
Other Comprehensive Income $154,902 $52,200
Total Equities $57,067,323 $54,410,537
Long-term Liabilities
RUS Economic Development – Rural Development $300,000 $300,000
FFB Mortgage Notes Less Current Maturities $30,473,858 $24,927,529
CFC Mortgage Notes Less Current Maturities $26,118,691 $28,383,166
Capital Lease Obligations $1,248,368 $1,826,381
Post-retirement Benefit Obligation $696,298 $779,000
Total Long-term Liabilities $58,837,214 $56,216,077
Current Liabilities
Notes Payable $500,000 $1,500,000
Current Portion of Long-term Debt $3,287,392 $3,652,201
Accounts Payable – Purchased Power $2,913,750 $1,598,986
Accounts Payable – Other $542,915 $633,784
Overbilled Wholesale Power Cost Adjustment $2,166,420 $2,533,938
Consumer Deposits $1,305,246 $1,217,776
Accrued Taxes $133,011 $133,953
Accrued Interest $412 $977
Accrued Employee Compensated Absences $1,489,219 $1,466,418
Other Current Liabilities $910,144 $800,221
Total Current Liabilities $13,248,508 $13,538,254
Deferred Credits $1,738,047 $929,649
Total Equities and Liabilities $131,587,330 $125,873,516

 

Financial statements are unaudited. Audited financial statements were unavailable at time of print.