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Financials

Sangre de Cristo Electric Association Annual Report – Finances

Comparative Balance Sheet

Assets 12/31/16 12/31/17
Total utility plant $62,209,265 $63,466,790
Accumulated provision for depreciation -18,246,348 -18,766,193
Net utility plant 43,962,917 44,700,597
Total other property and investments 10,853,883 11,021,762
Cash-general funds 148,499 405,140
Cash-special construction funds 1 1
Investments 292,800 292,800
Accounts receivable 1,915,628 1,952,264
Material and supplies 726,339 759,841
Prepayments 8,604 9,005
Other current and accrued assets 8,633 13,841
Deferred debits 1,382,578 1,167,020
TOTAL ASSETS AND OTHER DEBITS $59,299,882 $60,322,271
Liabilities  
Equities $2,193,820 $2,806,358
Patronage capital 18,354,827 18,699,825
Long-term debt 33,754,813 33,383,622
Notes and accounts payable 1,088,419 1,249,703
Consumer deposits 303,500 335,225
Current maturities-long term debt 1,780,000 1,635,000
Other current and accrued liabilities 771,570 831,658
Regulatory Liabilities 0 450,000
Deferred credits 1,052,933 930,880
TOTAL LIABILITIES AND OTHER CREDITS $59,299,882 $60,322,271

Operating Revenue and Expenditures

Operating Revenue 2016 % 2017 %
Residential $13,415,764 72 $13,967,304 72
Irrigation 130,957 1 118,138 1
Small commercial 4,120,031 22 4,183,584 22
Large commercial 730,250 4 741,038 4
Street lighting 66,784 0 70,280 0
Other electric revenue 168,919 1 177,172 1
SUB-TOTAL 18,632,705 100 19,257,516 100
Revenue deferral out -450,000
Revenue deferral in
TOTAL OPERATING REVENUE $18,632,705 $18,807,516
Expenditures
Cost of power 9,058,204 51 9,464,829 51
Operations and maintenance 3,545,678 20 3,411,563 18
Administrative and general 2,100,529 12 2,312,980 12
Depreciation and amortization 1,709,174 9 1,935,660 10
Taxes, interest and other deductions 1,495,120 8 1,576,297 9
TOTAL COST OF ELECTRIC SERVICE $17,908,705 100 $18,701,329 100
Operating margins 724,000 106,187
Non-operating margins 227,304 389,785
G&T capital credits 258,890 488,713
Other capital credits 170,488 197,854
NET MARGINS or PATRONAGE CAPITAL $1,380,682 $1,182,539

Comparative Statistics

2007 2016 2017
kWh purchased 112,204,014 122,284,918 121,729,630
kWh sold 100,637,295 112,375,244 112,267,613
Number of consumers 11,284 12,035 12,207
Miles of energized line 1,701 1,741 1,749
Consumers/mile of line 6.63 6.91 6.98
Average monthly kWh used per residential consumer, excluding seasonals 625 663 645
Average monthly kWh used per residential consumer, including seasonals 556 594 587