By the Numbers – 2024 Financials

March 2025

Balance Sheets

  • December 31, 2024 and 2023
  • Suwannee Valley Electric Cooperative, Inc. — Live Oak, Florida

Assets

 20242023
Utility Plant
Electric Plant in Service		$231,846,213$196,035,693
Construction Work in Process56,204,05529,173,364
288,050,268225,209,057
(Accumulated Provision for Depreciation)(70,212,033)(66,089,469)
Total Utility Plant217,838,235159,119,588
Other Property and Investments at Cost or Stated Value
Investments in Associated Organizations and Other funds16,463,98218,897,132
Notes Receivable7,075,7221,825,722
Total Other Property and Investments at Cost or Stated Value23,539,70420,722,854
Current Assets
Cash – General		56,349 
Accounts Receivable80,078,46352,890,960
Unbilled Revenues2,119,5591,795,873
Materials and Supplies10,818,07613,562,428
Other Current and Accrued Assets493,123389,749
Total Current Assets93,565,57068,639,010
Deferred Charges13,043,15113,554,834
Total Assets$347,986,661$262,036,286

Equities & Liabilities

 20242023
Equities
Memberships		$108,330$107,360
Patronage Capital65,181,13062,163,932
Other Comprehensive Income (209)393,705358,484
Total Equities65,683,16562,629,776
Long-term Debt
Notes payable, net of current maturities		75,959,76471,034,313
Capital Lease Obligations2,115,5822,383,800
Post-retirement Benefit Obligation400,007464,514
Total Long-term Debt78,475,35373,882,627
Current Portion of Long-term Debt3,185,3952,897,480
Current Portion of Capital Lease Obligations594,040817,750
Line of Credit151,896,79473,750,000
Accounts Payable – Purchased Power3,324,3792,346,809
Accounts Payable – Other35,808,48433,531,190
Overbilled Wholesale Power Cost Adjustment2,124,9264,506,707
Consumer Deposits1,720,7651,698,558
Accrued Employee Compensated Absences1,760,6061,969,753
Other Current Liabilities996,065595,316
Total Current Liabilities201,411,455122,113,562
Deferred Credits2,416,6883,410,320
Total Equities and Liabilities$347,986,661$262,036,286

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